Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — H1 2026 Earnings Presentation
17 slides from Cementir's earnings presentation, Jul 29, 2026
Slide 1: 2026 First Half Results
2026 First Half Results Conference Call Presentation ROME, 29 JULY 2026
Slide 2: Key takeaways
Key takeaways Significant improvement in the second quarter despite a first quarter impacted by exceptionally adverse weather conditions. At constant perimeter, Q2 cement volumes increased by 3.4%, non- GAAP revenue by 5.3% and EBITDA by 12.9%, confirming a positive reversal compared to the weak sta
Slide 3: 2026 First half results highlights
2026 First half results highlights* Revenue reached 798.1 M€ (+0.2% yoy); non-GAAP** Revenue Financial Highlights – Non GAAP** reached 793.7 M€ (-1.7% yoy and -0.2% at constant perimeter) • 37.4 M€ negative FX impact, mainly due to TRY and USD depreciation • Cement volumes decreased by 2.9%, due to
Slide 4: Nordic & Baltic
Nordic & Baltic DENMARK Asset overview Share of Group EBITDA • Construction market remained weak, especially residential, due to restrictive financing conditions, energy-cost 45% uncertainty and project postponements (33) • Grey domestic cement volumes -4% yoy, impacted by (23) exceptionally harsh w
Slide 5: Belgium and France
Belgium and France* Asset overview Share of Group EBITDA BELGIUM AND FRANCE • Domestic cement volumes were up 5% supported by new 32% customers and a major infrastructure project in the Antwerp area, despite adverse weather in the beginning of the year and unusually high temperatures in the second h
Slide 6: Türkiye
Türkiye Asset overview Share of Group EBITDA TÜRKIYE • Challenging operating environment, impacted by 5% hyperinflation, high interest rates, exceptionally adverse weather in Q1 and weaker post-earthquake reconstruction demand (x6) • Domestic cement volumes -13% yoy (-2.2% excluding the disposal of
Slide 7: North America
North America Asset overview Share of Group EBITDA UNITED STATES • White cement volume were broadly stable yoy, 7% demonstrating resilience despite a generally softer market environment and weak residential demand • Florida recorded a +10% increase driven by demand from key customers • In Texas volu
Slide 8: Egypt
Egypt Asset overview Share of Group EBITDA EGYPT • Revenues were up ~57% despite a 7.3% depreciation of the Egyptian pound 5% • Macro context remains challenging with high inflation, currency volatility, rising energy costs • Domestic cement volumes increased 31% supported by stronger commercial pos
Slide 9: Asia Pacific
Asia Pacific Asset overview Share of Group EBITDA CHINA • Volumes -6% yoy, impacted by weak domestic demand, intense competition, adverse weather conditions in 3% January, the slowdown around the Chinese New Year • Market environment remains weak despite government stimulus • Revenues decreased -10.
Slide 10: Nymølle acquisition: expanding in Danish aggregates
Nymølle acquisition: expanding in Danish aggregates A bolt-on acquisition in the aggregates business, enhancing vertical integration and securing a stronger Nordic platform. NYMØLLE PROFILE • The largest aggregates player* in Denmark, with around 10% Nymølle - Active market share Nymølle - Inactive
Slide 11: 2026 Guidance - confirmed
2026 Guidance - confirmed In light of the results achieved in H1 2026 and despite the uncertain macroeconomic and geopolitical environment we reiterate our full-year guidance REVENUE* (€ BN) EBITDA* (€ M) NET CASH (€ M) Revenue ~ 1.7 BN€ +5% <5% +125 M€ Pro-Forma* EBITDA 400 - 420 M€ 1.62 1.70 Pro-F
Slide 12: Appendix
02 Appendix GREEN BELT BRIDGE, DENMARK
Slide 13: Appendix – Consolidated Income Statement – H1 2026
Appendix – Consolidated Income Statement – H1 2026 H1 2026 H1 2025 (EUR million) H1 2026 H1 2025 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 798.1 796.7 0.2% 793.7 807.1 (1.7%) Change in inventories (9.6) (4.1) 131.7% (8.3) (2.8) 202.6% Increase for internal work and other in
Slide 14: Appendix – Consolidated Income Statement – Q2 2026
Appendix – Consolidated Income Statement – Q2 2026 Q2 2026 Q2 2025 (EUR million) Q2 2026 Q2 2025 Chg % Chg % (Non-GAAP)* (Non-GAAP)* REVENUE FROM SALES AND SERVICES 452.2 428.6 5.5% 449.7 436.5 3.0% Change in inventories 2.2 (1.9) n.m. 2.9 (1.4) n.m. Increase for internal work and other income 22.8
Slide 15: M&A track record
M&A track record Since 2001 around EUR 2 billion invested with no recourse to shareholder equity 600 254 312 152 112 22 9 125 87 48 4 11 5 11 -315 4 4 -51 120 2001 2004 2005 2006 2007 2008 2009 2010 2011 2012 Jul-16 Oct-16 Jan-18 Mar-18 2021 2023 2024 2025 2026 2001 - Cimentas AS and Cimbeton AS 200
Slide 16: Türkiye historical figures
Türkiye historical figures Türkiye - Cement Market (Mt) * EDIRNE (x6) IZMIR ELAZIG Grey cement plant (3) Waste (1) RMC (23) Quarries (18) Türkiye – EBITDA evolution ** Hyperinflation years 2,566 2,656 TRY million 1,884 552 149 72 107 165 139 106 104 52 20 205 -54 EUR million PEAK TROUGH 83.5 72.1 73
Slide 17: 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