Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — 9M 2025 Earnings Presentation
16 slides from Cementir's earnings presentation, Nov 6, 2025
Slide 1: 2025 First Nine Months Results
2025 First Nine Months Results Conference Call Presentation ROME, 6 NOVEMBER 2025
Slide 2: Key takeaways
Key takeaways The macroeconomic scenario is still characterised by high uncertainty, driven by geopolitical and trade tensions, further exacerbated by protectionist measures taken by the US administration, which are affecting the global economic growth rate First Nine Months 2025 Results are in line
Slide 3: 2025 First Nine Months results highlights
2025 First Nine Months results highlights Revenue reached 1,227.1 M€ (-0.7% yoy); non-GAAP* Revenue Financial Highlights – Non GAAP* reached 1,232.4 M€ (+0.4% yoy) • At constant 2024 exchange rate revenue was up 5.6% • Cement volumes increased by 2.4% thanks to Türkiye, despite a decline in Belgium
Slide 4: Nordic & Baltic
Nordic & Baltic Asset overview Share of Group Ebitda DENMARK • Grey and white domestic cement volumes were slightly down vs 9M 2024, with residential sector still weak. The Fermern 47% project volumes remain below forecast. Exports rose by 4% (33) mainly due to higher deliveries to Norway, Poland an
Slide 5: Belgium and France
Belgium and France* Asset overview Share of Group Ebitda BELGIUM AND FRANCE • Domestic cement volumes declined by ~7% in the first nine 25% months 2025 due to persistently weak demand; exports fell by ~6% due to due to a physiological market slowdown in France following the conclusion of the Olympic
Slide 6: Türkiye
Türkiye Asset overview Share of Group Ebitda TÜRKIYE • From April 2022 Türkiye is considered “hyperinflationary”. Reported figures are non-GAAP i.e. exclude the 15% application of IAS 29 and the revaluation of non-industrial (x4) property (x6) • Domestic cement volumes rose by ~3% yoy despite ongoin
Slide 7: North America
North America Asset overview Share of Group Ebitda UNITED STATES • White cement volume remained in line over the nine 6% months with gradual improvement in Q2 and Q3 • The residential market continues to be affected by high prices and high mortgage interest rates, with uncertainties related to tarif
Slide 8: Asia Pacific
Asia Pacific Asset overview Share of Group Ebitda CHINA • Revenue decreased by 9.6% yoy due to lower selling prices in a context of stagnant demand and delayed 4% effects from government stimulus measures • Volumes slightly up vs. 2024, driven by Q3 positive performance • EBITDA down 26.3%, affected
Slide 9: Egypt
Egypt Asset overview Share of Group Ebitda EGYPT • Revenue declined by ~1.2% mainly due to the Egyptian pound depreciation, despite a 15% increase in local 2% currency revenue • White cement volumes increased ~6%, driven by export (+15%) to US, Morocco, France and Italy • Domestic cement volumes fel
Slide 10: Sustainability highlights
Sustainability highlights ESG Recognitions Strategic Initiatives Sustainalytics: “ESG Industry Top-Rated” 220 M€ grant agreement signed with Air for the 2nd consecutive year Liquide and EU Innovation Fund for ACCSION CCS project in Denmark (March CDP: “A” in Climate Change and “A-” in 2025) Water fo
Slide 11: 2025 Guidance
2025 Guidance REVENUE (€ BN) EBITDA (€ M) NET CASH (€ M) Revenue ~ 1.75 BN€ +6% +120 M€ +3% EBITDA ~ 415 M€ 404 415 Net cash ~ 410 M€ 2024 2025 Capex ~ 98 M€ Actual Guidance Guidance refers to like-for-like ongoing operations, non-GAAP, excluding non-recurring items The above guidance excludes the n
Slide 12: Appendix
02 Appendix GREEN BELT BRIDGE, DENMARK
Slide 13: Appendix – Consolidated Income Statement – First Nine Months 2025
Appendix – Consolidated Income Statement – First Nine Months 2025 9M 2025 9M 2024 (EUR million) 9M 2025 9M 2024 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 1,227.1 1,235.6 (0.7%) 1,232.4 1,227.3 0.4% Change in inventories 9.0 (4.4) n.m. 10.8 (0.9) n.m. Increase for internal w
Slide 14: Appendix – Consolidated Income Statement – Q3 2025
Appendix – Consolidated Income Statement – Q3 2025 Q3 2025 Q3 2024 (EUR million) Q3 2025 Q3 2024 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 430.4 423.8 1.6% 425.4 423.9 0.3% Change in inventories 13.1 (9.5) n.m. 13.6 (8.0) n.m. Increase for internal work and other income 5.5
Slide 15: Disclaimer and Other information
Disclaimer and Other information This presentation has been prepared by and is the sole responsibility of Cementir Holding N.V. (the “Company”) for the sole purpose described herein. In no case may it or any other Investor Relations: statement (oral or otherwise) made at any time in connection herew
Slide 16: Q&A
7~ © cementirholding Q&A