Amrize Ltd · NYSE:AMRZ
Amrize — Investor Day (2025)
18 slides from Amrize's investor day presentation, Mar 27, 2025
Slide 1: Building North America
Section 1 BUILDING NORTH AMERICA Jan Jenisch Chairman & CEO The Spheres, Seattle, WA Amrize inside
Slide 2: Amrize at a Glance: North America's Leading Building Solutions Company
AMRIZE AT A GLANCE NORTH AMERICA’S LEADING BUILDING SOLUTIONS COMPANY 100% #1 #2 #1 or #2 Focus on the North Cement company Commercial roofing In 85% of Aggregate American market with industry-leading company within markets served1 footprint 4 years of entry1 $11.7B +13% $3.2B +16% 2024 Revenues Rev
Slide 3: Advanced Building Solutions from Foundation to Rooftop
AMRIZE AT A GLANCE ADVANCED BUILDING SOLUTIONS FROM FOUNDATION TO ROOFTOP BUILDING Cement BUILDING MATERIALS ENVELOPE Commercial Roofing Systems Aggregates Residential Roofing Systems Ready-Mix BUILDING NORTH AMERICA Concrete FOR 100+ YEARS Wall Systems Asphalt & Concrete Products 6
Slide 4: Unparalleled Footprint with 1,000+ Sites and Facilities
AMRIZE AT A GLANCE UNPARALLELED FOOTPRINT WITH 1,000+ SITES AND FACILITIES Network of manufacturing …serving all US states and Canadian provinces excellence… Central Great Lakes 18 462 30% of total revenue1 20% Cement plants Aggregate operations 141 269 Cement terminals Ready-mix concrete plants 55
Slide 5: Amrize: A Unique Investment Opportunity
AMRIZE A UNIQUE INVESTMENT OPPORTUNITY 1 100% focus on the North American market 2 Unparalleled footprint and resources 3 Successful track record of value creation 4 Unlocking our next phase of growth 5 Driving shareholder value Gordie Howe Bridge 8 Detroit, MI & Windsor, ON Amrize inside
Slide 6: Uniquely Positioned in Large Addressable Markets
1 100% FOCUS ON THE NORTH AMERICAN MARKET UNIQUELY POSITIONED IN LARGE ADDRESSABLE MARKETS $140B+ $60B+ Building Materials Total Addressable Market1 Building Envelope Total Addressable Market1 • $2 trillion of annual construction spending across infrastructure, • Growing demand for high-performance
Slide 7: Uniquely Positioned to Serve All Construction Markets
1 100% FOCUS ON THE NORTH AMERICAN MARKET UNIQUELY POSITIONED TO SERVE ALL CONSTRUCTION MARKETS Commercial New Building 49% construction materials 56% 71% Infrastructure 28% Repair & refurbishment 44% Building envelope Residential 23% 29% 10 % of 2024 total revenue
Slide 8: The Market Leader in North American Building Materials
2 UNPARALLELED FOOTPRINT AND RESOURCES THE MARKET LEADER IN NORTH AMERICAN BUILDING MATERIALS North America’s #1 Cement Company with a highly efficient and extensive logistics network #1 or #2 Market Positions in 85% of Aggregate markets served1 71 Years and 46 Years of Cement and Aggregate mineral
Slide 9: State-of-the-Art Building Envelope Facilities
2 UNPARALLELED FOOTPRINT AND RESOURCES STATE-OF-THE-ART BUILDING ENVELOPE FACILITIES Built a $3.4B Business in just 4 years Iconic Brands with high customer loyalty Serving Customers Across North America with 45 Building Envelope facilities Over $200M Capital Deployed for growth and efficiency since
Slide 10: Above Market Growth and Leading Cash Generation
3 SUCCESSFUL TRACK RECORD OF VALUE CREATION ABOVE MARKET GROWTH AND LEADING CASH GENERATION Revenues Adjusted EBITDA1 Free Cash Flow1 Cash Conversion1 +13% +16% +15% Above 50% Free Cash Flow / Adjusted CAGR CAGR CAGR EBITDA in each of the last 54% 4 years Above 100% $11.7B $3.2B Free Cash Flow / Net
Slide 11: Driving Significant Margin Expansion
3 SUCCESSFUL TRACK RECORD OF VALUE CREATION DRIVING SIGNIFICANT MARGIN EXPANSION Building Materials Building Envelope Amrize Adjusted EBITDA Margin1 Adjusted EBITDA Margin1 Adjusted EBITDA Margin1 +180 +790 +220 bps bps bps 30.6% 22.8% 27.2% 28.8% 25.0% 14.9% 2021 2024 2021 2024 2021 2024 14 1 See a
Slide 12: Value Accretive and Disciplined Acquisition Strategy
3 SUCCESSFUL TRACK RECORD OF VALUE CREATION VALUE ACCRETIVE AND DISCIPLINED ACQUISITION STRATEGY $3.8B+ 35 acquisitions since 2018 across Aggregates, Ready-mix and Building Envelope Building Envelope segment built through M&A and accounts for 29% of Revenues in 2024 Annual Revenue Acquired companies
Slide 13: Our Track Record of Executing on Mega Projects
4 UNLOCKING OUR NEXT PHASE OF GROWTH OUR TRACK RECORD OF EXECUTING ON MEGA PROJECTS $171M $146M Total project revenue Total project revenue 2021 – 2025 2023 – 2025 Golden Pass — Sabine Pass, TX Port Arthur — Port Arthur, TX 130K tons of cement 170K tons of cement 590K cy ready-mix 410K cy ready-mix
Slide 14: Growth-Focused Strategy to Sustain Outperformance
4 UNLOCKING OUR NEXT PHASE OF GROWTH GROWTH-FOCUSED STRATEGY TO SUSTAIN OUTPERFORMANCE Focus on the most attractive market segments to drive above market growth Partner of choice with value-added solutions from foundation to rooftop Market-based pricing strategies & operational synergies drive margi
Slide 15: Proven Leadership Team Driving Performance
4 UNLOCKING OUR NEXT PHASE OF GROWTH PROVEN LEADERSHIP TEAM DRIVING PERFORMANCE Jan Jenisch Ian Johnston Jaime Hill Jake Gosa Nollaig Forrest Chairman & Chief Financial Officer President, President, Chief Marketing & CEO Building Materials Building Envelope Corporate Affairs Officer Steve Clark Deni
Slide 16: Growth-Focused Capital Structure & Allocation Strategy
5 DRIVING SHAREHOLDER VALUE GROWTH-FOCUSED CAPITAL STRUCTURE & ALLOCATION STRATEGY Proposed Initial Capital Structure <1.5x $2.0B $2.0B $5.1B and Liquidity Net Leverage Ratio1 Committed Credit Commercial Paper Bridge Loan Facility Program Available Invest in expanding our footprint, Invest in the Ca
Slide 17: Mid-Term Financial Targets
5 DRIVING SHAREHOLDER VALUE MID-TERM FINANCIAL TARGETS FY 2025 - FY 2028 Revenue CAGR 5% – 8% Adjusted EBITDA CAGR 8% – 11% Cumulative Free Cash Flow over $8B Cash Conversion over 50% 20 Targets include bolt-on acquisitions and exclude transformational M&A.
Slide 18: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation (and the information contained herein or provided to you in connection herewith) contains forward-looking statements with respect to the future financial or business performance, strategies, or expectations of Amrize AG (the “Company”). Forward-looking stateme