Titan S.a. · EURONEXT:TITC
Titan — Investor Presentation (April 2026)
31 slides from Titan's investor presentation, April 2026
Slide 1: Corporate Presentation April 2026
Corporate Presentation April 2026 Flyover, Thessaloniki, Greece 1 OYMPIA ODOS, GREECE
Slide 2: Table of Contents
Table of Contents TITAN Group at a glance Key investment highlights Overview of markets by region 2
Slide 3: TITAN Group at a glance
TITAN Group at a glance ZZ TITAN g p k Zrttan ~~ de a, = —Z TAN \—sincran J a 2 I ‘\, 7 = if sae at ——
Slide 4: TITAN Group at a glance
TITAN Group at a glance More than 120 years with a strong track record of growth and international diversification 1902 1912 1920 1960-1980 1990-2025 2026 Titan Cement Listing on the Started exports Inauguration of cement plants • Int’l expansion to U.S., SE Europe, • Acquisition of Vracs founded, A
Slide 5: Key investment highlights
Key investment highlights New calciner, Kamari plant, Greece
Slide 6: Key investment highlights
Key investment highlights A strong position in Europe and the USA (East Coast), where more than 90% of our revenue and profitability is generated. Leading market positions in the US, Greece and Southeast Europe Strengthened vertically integrated business model, well-positioned for future growth, for
Slide 7: Geographically diversified cement and building materials producer
Geographically diversified cement and building materials producer As of 31 December 2025 USA Greece & Western Europe Southeastern Europe Eastern Mediterranean Group TOTAL ASSETS: €1,626m TOTAL ASSETS: €1,043m TOTAL ASSETS: €537m TOTAL ASSETS: €291m TOTAL ASSETS: €3.5bn 2 cement plants 1 3 cement pla
Slide 8: Geographic diversification reduces reliance on any one market
Geographic diversification reduces reliance on any one market EBITDA 12Month-Rolling Quarterly Analysis by Region (2010 – 2025) USA Greece, Western Europe & Corporate Southeastern Europe Eastern Mediterranean 8
Slide 9: Leading market positions in key geographies
Leading market positions in key geographies USA Greece & Western Europe • Significant presence in the East • Plants near the 3 major cities Coast with 2 integrated cement and ports, facilitating exports plants in Florida & Virginia • Largest operator in aggregates • Key import multi-material marine
Slide 10: Vertically integrated business model, strengthening market positions for maximum value
Vertically integrated business model, strengthening market positions for maximum value Selectively increased vertical integration Key benefits of vertical integration for TITAN Group Diversifying our offering in the cement value chain Sales (%) Vertical Integration provides strong competitive 30% ad
Slide 11: Well-invested, low-cost and modern asset base
Well-invested, low-cost and modern asset base More than €5.6bn invested since 2000; €3.8bn in CapEx & €1.8bn in acquisitions Tarmac America acquisition (2000) Thessaloniki & Pennsuco modernisation (2002-2004) Zlatna, BG acquisition (2004) US Ready Mix acquisition (2007) Construction of new plant in
Slide 12: In 2021-2025 Strong Cash Flow generation despite market volatility
In 2021-2025 Strong Cash Flow generation despite market volatility Sources and Uses of Cash since 2021 in €m Operating Free Cash Flow Last 5 Years 2,333 131 €1,716 (294) (454) (1,128) 362 (477) 471 31 (33) EBITDA Non-Cash Operating Finance CapEx Acquisitions Returns to Other** FX Impact Decrease in
Slide 13: Established Group with a strong shareholder base and governance
Established Group with a strong shareholder base, international & experienced management, strong governance & a long-term vision Shareholder structure* Strong Corporate Governance: Board of Directors & Committees • Titan Founders, E.D.Y.V.E.M & P&A Canellopoulos Foundation • High standards of corpor
Slide 14: Our Strategic Focus 2025-2029
Our Strategic Focus 2025-2029 Strategic Priorities for Capturing Growth and Sustaining Returns 01. Deliver 02. Expand 03. Invest Superior Growth in Core Business Alternative Cementitious And Scale Up New (Cement and Aggregates) Materials Platform Technologies and Platforms Expand capacity and export
Slide 15: Continue delivering top returns and margin expansion
Continue delivering top returns and margin expansion as key Growth Targets 2029 Sales Growth EBITDA Growth EPS ROCE1 Net Debt / EBITDA 6-8% p.a. 11-13% p.a. €5-6/share 15-17% p.a. 1.5x-2.0x Alternative Investments in Operational Specific net direct Cementitious Materials Innovation2 efficiencies CO2
Slide 16: Ambitious GHG emissions targets
Ambitious GHG emissions targets Committed to reducing carbon emissions in line with the 1.5°C scenario Strong Track Record A Whole New Level of Ambition Commitment to Net Zero in CO2 Emissions With Science-based Targets for Developing Products and Solutions Reduction Scope 1, 2 & 3 Emissions for a C
Slide 17: Digital transformation
Digital transformation Applying the tools of the 4th industrial revolution, while expanding our solutions space AI-based Real-Time Failure prediction 1st Digital Service New AI use cases Optimizers (RTOs) systems using ML business “CemAI” Manufacturing EBITDA Digital Plant of the Future: Cement qual
Slide 18: Overview of markets by region
Overview of markets by region
Slide 19: USA – Business Overview
USA – Business Overview Titan America is well positioned and investing further to capture growth along the East Coast Operating units Sales & EBITDA ($m) 2 Cement plants 1 1 7 Commercial quarries/Clay 1,596 1,641 1,673 40% 1,600 1,377 82 Ready-mix plants 1,164 35% 22% 23% 30% 8 Concrete block plants
Slide 20: USA: Infrastructure & Non-Residential support demand
USA Infrastructure & Non-Residential support demand; housing driven by positive demographics U.S. Non-Residential Total Construction Spending ($bn) Highway & Street and Power Construction Spending ($bn) 1,300 180 Highway & Street 1,200 160 Power 1,100 140 1,000 900 120 800 100 700 80 600 500 60 2014
Slide 21: USA: Strategic Growth and Market Highlights
USA Strategic Growth and Market Highlights In 2025, Titan completed a major strategic move with Titan America’s Large Scale Infrastructure & Non-Residential Projects of Titan America listing on the NYSE, raising gross proceeds of $393m. • On 6 February 2025, Titan America, a subsidiary of Titan, and
Slide 22: Greece and Western Europe - Business Overview
Greece and Western Europe - Business Overview Titan’s home market: strong capacity covers the rising local market & serves export markets Operating units Sales & EBITDA (€m) 3 Cement plants 519 2 Grinding plant 500 460 34% 409 29% 18 Commercial quarries 400 326 24% 34 Ready-mix plants 268 16% 19% 30
Slide 23: Greece and Western Europe: Increasing confidence in recovery
Greece and Western Europe Increasing confidence in recovery supported by macro data and strong fiscal response Building activity in Greece Greece: Cement consumption >5m tons/year until 2010 Number of Permits (in k) Volume (in million m3) 15 35,000 +6% +7% Greece enters Eurozone Rest of Greece 11.6
Slide 24: Southeastern Europe - Business Overview
Southeastern Europe - Business Overview Attractive regional cluster set to benefit from long-term infrastructure needs & EU admission Operating units Sales & EBITDA (€m) 5 Cement plants 500 422 416 419 4 Ready-Mix Plants Serbia 450 386 59.0% Bosnia- 400 1 Concrete Precast Plant (JV) Herzegovina 350
Slide 25: SEE Prospects for Growth Lead to Positive Outlook
SEE Prospects for Growth Lead to Positive Outlook Low Volatility Markets with Upside Potential as Urbanization Rises GDP growth % 4.6 3.9 4.0 3.7 3.8 3.4 3.5 3.4 3.6 3.5 3.1 3.2 3.3 3.0 3.1 3.0 2.8 2.8 2.5 2.0 Bulgaria Serbia Albania Kosovo North Macedonia Source: IMF, World Economic Outlook, April
Slide 26: Eastern Mediterranean - Business Overview
Eastern Mediterranean - Business Overview Two large markets (>130m MT of combined cement consumption) Operating units Sales & EBITDA (€m) 3 Cement plants 295 36.2% 256 240 250 251 1 Grinding plant 245 31.2% 26.2% 2 Commercial Quarries 195 173 25% 21.2% 4 Ready-mix plants 145 14% 10% 16.2% 7% 8% 2 Pr
Slide 27: Eastern Mediterranean: Favorable Demographics Generate Economic Growth
Eastern Mediterranean Favorable Demographics Generate Economic Growth and Investment Needs Large, young and growing population… (Population in millions) 104 105 107 108 110 85 85 86 86 86 2022 2023 2024 2025 2026f …combined with recorded and anticipated real GDP growth... (Real GDP % y-o-y) 6.7 5.4
Slide 28: Brazil – Joint Venture 50/50
Brazil – Joint Venture 50/50 Cimento Apodi operates two units in Ceará state Operating units Sales & EBITDA (€m) 245 1 Cement plants (Quixeré) 195 1 Grinding plant (Pecém) 145 128 4 Ready-mix plants 116 111 109 95 84 45 24 29 33 20 21 Principal products / activities -5 2021 2022 2023 2024 2025 Cemen
Slide 29: More Information
More Information • For TITAN’s Financial Performance, please refer to Analysts’ Presentation FY 2025 • For 2029 Strategy, please refer to Investor Day November 2025 29
Slide 30: Thank you!
Thank you! We invite you to visit our 2025 Integrated Annual Report
Slide 31: Disclaimer
Disclaimer By accessing this presentation, you acknowledge that you have read, understood and accepted the terms of this disclaimer. This presentation (“the Presentation”) has been prepared by Titan SA (the “Company” and together with its subsidiaries, “the Group”) is being provided for informationa