Slide 1: Results for the year ended 31 March 2026
results for the year ended 31 March 2026 1
Slide 2: Agenda
AGENDA 01 02 03 04 05 introduction Group Business Strategic Q&A financial review update & review outlook Matias Cardarelli | CEO Brenda Berlin | CFO Matias Cardarelli | CEO Matias Cardarelli | CEO 2
Slide 3: Introduction
introduction Matias Cardarelli, ceo 3
Slide 4: In two years: what some thought impossible is being made real
in two years What some thought to be impossible is being made real From reset to EXECUTION-LED results Resul RESULTS ts for FOR the year en ENDED ded 31 m March arch 2026 4
Slide 5: Two-year track record: step change performance
Two-year track record | step change performance Quality earnings and structural margin expansion EBITDA 2,079 EBITDA MG% 20.3% 16.1% 67% 8PP 1,593 1,242 12.3% FY24 FY25 FY26 FY24 FY25 FY26 1,295 16.7% CASHFLOW1 ROIC % 1,049 398% 10PP 6.5% 10.6% 260 % FY24 FY25 FY26 FY24 FY25 FY26 1 Net cash inflow b
Slide 6: Strategy in action – Transparency, Consistency, Delivery
Strategy in action – TRANSPARENCY, CONSISTENCY, DELIVERY Strategy execution driving results Robust Platform Rebuilding strategic for an icon plan EXECUTION growth People, structure Strategic priorities Strategy translated Turnaround & culture reset focused on into results compounding results competi
Slide 7: Discipline and focus
Results ahead of guidance but significant opportunity IS AHEAD 01 02 03 Addressing and fixing Awaken the giant Strategic opportunities the gaps turnaround plan and projects 01 Awaken the Giant turnaround initiative progress: 01 Key strategic people changes New Western Cape Plant - RK3 Operations and
Slide 8: Group financial review
Group financial review BRENDA BERLIN | CFO 8
Slide 9: Consolidated group: key features
Consolidated group | key features For the Year ended 31 March 2026 1 4 ▲ 3.9% ▲ 11% Revenue to R10 255 m capex R4131 million (FY25: R373 million) 2 5 ▲ 50% ▲ 24% Trading R1 473 m Free R1 295 million profit (FY25: R982 million) cash flow2 (FY25: R1 049 million) 3 6 ▲ 45% ▲72% PRO FORMA 58 cents oRdin
Slide 10: Consolidated group: income statement
consolidated Group | income statement Step change FY26 FY25 ebitda (Rm) 31-Mar 31-Mar Revenue 10 255 9 871 • Positively impacted by R139 million profit on sale of non-core asset EBITDA 2 079 1 593 (FY25: R37 million on previously expropriated land) EBITDA margin 20.3% 16.1% Excluding impact of non-c
Slide 11: Consolidated group: contribution
consolidated Group | contribution Mix stabilised CONTRIBUTION TO GROUP REVENUE Fy26 CONTRIBUTION TO GROUP EBITDA FY26 32% 35% 54% FY26: FY26: 47% R10 255M R2 079M FY25: 53% FY25: 46% R9 871m R1 593m 65% 68% SA & Bots group Zimbabwe SA & Bots group Zimbabwe Resul ts for the year en ded 31 m arch 2026
Slide 12: SA & Botswana group: contribution
Sa & botswana group | contribution Sound performance DELIVERED (Rm) FY26 FY25 % change SA & Botswana cement 31-Mar 31-Mar • Stable volumes while contribution margin continued to drive decision- Revenue 7 004 6 957 0.7% making SA & Botswana cement 6 129 6 047 1.4% • Total costs decreased by 3.6% • Po
Slide 13: RK3 delivery on track
Rk3 delivery on track Balance sheet derisked through fec cover Rk3 expenditure break down R millions Capital expenditure1 712 Realised FEC losses 70 Unrealised FEC losses 78 Advance payments 224 Total 1 084 • FEC contracts entered into by the group to de-risk the balance sheet and effectively fix to
Slide 14: SA & Botswana group: cash flow
Sa & botswana GROUP | CASH FLOW core business cash generation sound 1230 55 (289) 1030 (251) 830 630 (119) 140 (709) 595 (274) 430 R’millions 1 050 230 446 200 30 1 Operating 2 3 4 6 7 8 (28) 9 (18) 0 1 48 1 3 1 4 1 5 1 -170 cashflow before working Working Tax Capex1 Other Net cash Sale of non- RK3
Slide 15: Zimbabwe
Zimbabwe Strong underlying growth FY26 FY25 31-Mar 31-Mar % change Key features US$m US$m • Turnaround initiatives gain traction, including: Revenue 206 171 20.5 • 4%increase in own-clinker production EBITDA 55.5 46.6 19.1 • Cost efficiencies - reducing distribution and staff costs EBITDA margin 26.
Slide 16: Consolidated group: capital allocation and returns
Consolidated group | capital allocation and returns purposeful and value accretive capital allocation Cash Capex spend per type (R millions) roic FY26 FY25 Group 16.7% 10.6% 1 984 • Positively impacted by 31% increase in EBITDA • Calculation consistent ⇢ NOPAT/(average invested capital + impairments
Slide 17: Dividend trajectory strong
Dividend trajectory strong Strong cash generation supports continued dividend while strategic projects completed Dividend supported by both businesses Dividend framework • Current two pillar policy principle to be maintained: 01 02 – SA & Botswana group leverage of at or below 1.3x – 1.5x SA and Bot
Slide 18: Business performance
BUSINESS PERFORMANCE Matias Cardarelli, ceo 18
Slide 19: The giant is awake
A very different PPC is competing Leadership & 1 culture Business knowledge 2 The Driving contribution 3 margin Value accretive giant is projects 4 awake Increase in Profitability & Returns Resul ts for the year en ded 31 m arch 2026 19
Slide 20: South Africa & Botswana cement performance
SOUTH AFRICA & BOTSWANA CEMENT PERFORMANCE R ’millions R ’millions R ’millions CASH FLOW GENERATION REVENUE EBITDA & EBITDA MARGIN +3% +55% +378% 6,251 1,057 779 6,080 6,138 , 0 1 5 0 9 0 1 565 , 0 0 1 837 7 0 1 5 0 9 16,9% 5 0 1 0 0 9 684 5 0 8 3 0 1 0 0 8 1 0 5 0 7 0 0 7 13,6% 0 9 118 11.3 0 7 5 0
Slide 21: Materials performance
Materials PERFORMANCE R ’millions R ’millions EBITDA REVENUE -13% 24 1,003 949 875 11 Materials 0,6% -12 FY24 FY25 FY26 FY241 FY25 FY26 Contribution to group EBITDA Revenue drop in the Results ash business below expectations Resilience in FY26 after drop in FY25 RMX improved in key operational metri
Slide 22: Zimbabwe cement performance
ZIMBABWE CEMENT PERFORMANCE US$ ’millions US$ ’millions US$ ’millions EBITDA & EBITDA MARGIN REVENUE Dividends declared +16% +55% +227% 206 56 36 179 171 4 5 3 4 9 4 47 8 3 3 4 27,2% 26,9% 13 36 8 2 11 9 3 20,0% 3 2 4 3 8 1 1 2 3 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 PPcZ positioned for Accel
Slide 23: Safety and environmental metrics remain a priority
Safety and environmental metrics remain a priority Decarbonisation Safety remains improvements a key priority reduce costs Frequency rate1 CO2 Emissions3 0% 0,12 (FY2: 0,12) -1.3 Severity Rate2 >100 7044 (FY25: 714) 153 (FY25: 3.49) 3. Specific kg CO2 emissions per ton of cement 1. Lost time injury
Slide 24: The journey has just begun
The Journey has just begun 2.1 More 1.7 1.6 1.6 1.5 1.3 1.2 1.2 1.2 to come 0.9 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 EBITDA Rand Billions Resul RESULTS ts for FOR the year en ENDED ded 31 m March arch 2026 24
Slide 25: Strategic update & outlook
Strategic update & outlook Matias Cardarelli, ceo 25
Slide 26: Creating sustainable shareholder value
Creating sustainable shareholder value PPC share price Dividends per share (cents) 8.00 30.2 7.00 6.00 5.00 17.6 4.00 13.7 3.00 No Share 2.00 dividend buy back 1.00 0.00 May-21 May-22 May-23 May-24 May-25 May-26 FY22 FY23 FY24 FY25 FY26 Heps roic 50.0 16.7% 40.0 19.0 10.6% 6.5% Hyperinflation (3.0)
Slide 27: FY27 - Positioning for the next step-change
FY27 - Positioning for the next step-change Strong platform for the next phase of growth Global instability impacting cost base and demand patterns temporarily 2 FY25-FY26 FY27 > FY28 STEP Pivotal STEP CHANGE IN Consolidation CHANGE IN RESULTS year RESULTS 1 3 Critical government engagement on level
Slide 28: Strong delivery ahead of FY27 consolidation year
Strong delivery ahead of FY >FY consolidation year 28F 29 FY FY Step Sustainable 261 27F change Growth and Value with rk3 FY 25 Rk3 construction & awaken the giant Rebuild foundation FY & awaken the giant Sustainable ebitda 24 Updated margin GUIDANCE ACTUAL GUIDANCE ACTUAL GUIDANCE guidance GUIDANCE
Slide 29: PPC Investment highlights
PPC Investment highlights 1 2 3 Well-positioned Leading market modern asset base to capture position market growth 4 5 6 Strong & Robust sustainable balance sheet Experienced financial & healthy cash management team performance generation “Underpinned by strong governance and a long-term strategic v
Slide 30: Delivery proven, upside ahead
Delivery Upside proven ahead
Slide 31: Thank you
THANK YOU