Titan S.a. · EURONEXT:TITC
Titan — Investor Presentation (September 2026)
32 slides from Titan's investor presentation, September 2026
Slide 1: Corporate Presentation
Corporate Presentation September 2026 Thessaloniki plant, OYMPIA 1 Greece 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
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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 founded, Athens
Slide 5: Key investment highlights
Key investment highlights New calciner, Kamari plant, Greece
Slide 6: Key investment highlights
Key investment highlights Leading market positions in all regions we operate including the US, Greece, Southeast Europe and the Eastern Mediterranean. Synergies from the three recent value accretive cement acquisitions. Strengthened vertically integrated business model, well-positioned for future gr
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 3 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 – Q2 2026) USA Greece, Western Europe & Corporate 327 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 • Plants near the 3 major East Coast with 3 integrated cities and ports, facilitating cement plants in Florida (FL), exports. Virginia (VA) & Pennsylvania • Largest operator in (PA). aggregates and
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 €6.5bn invested since 2000; €4.1bn in CapEx & €2.4bn in acquisitions Tarmac America acquisition (2000) Keystone(US), Thessaloniki & Pennsuco modernisation (2002-2004) Tracim (Türkiye) Zlatna, BG acquisition (2004) & VDE (France) US Ready Mix ac
Slide 12: M&A Focused Capital Allocation
M&A Focused Capital Allocation All three significant acquisitions of ca. €0.7bn have been finalized by 1H 2026 Keystone Vracs de l’ Estuaire Tracim Keystone Cement (closed in 2Q26) Vracs de L’ Estuaire (closed in 1Q26) Tracim Cement (closed in 1Q26) ✓ Cement plant in Pennsylvania ✓ Grinding plant in
Slide 13: 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 14: Established Group with a strong shareholder base, international & experienced management
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 15: 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 16: Continue delivering top returns and margin expansion as key Growth Targets 2029
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 17: 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 18: 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 19: Overview of markets by region
Overview of markets by region Traçim plant, Türkiye
Slide 20: 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 ($m) 3 Cement plants 1 Keystone 7 Commercial quarries/Clay 1,596 1,641 1,673 Acquisition 40% May 2026 82 Ready-mix plants 1,600 1,377 35% 1,164 30% 8 C
Slide 21: USA: Infrastructure & Non-Residential support demand
USA Infrastructure & Non-Residential support demand; housing driven by positive demographics U.S. Non-Residential Total Construction Spending ($bn) Highway & Street and Power Construction Spending ($bn) 180 Highway & Street 1,300 160 Power 1,100 140 120 900 100 700 80 500 60 2014 2015 2016 2017 2018
Slide 22: 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 23: 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 VdE 49% 2 Grinding plants 700 Acquisition Feb.2026 18 Commercial quarries 600 460 519 39% 500 409 34 Ready-mix
Slide 24: 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 Rest of Greece +6% CAGR +7% CAGR Greece enters Euro
Slide 25: 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 600 4 Ready-Mix Plants Serbia 500 422 59.0% Bosnia- 416 419 1 Concrete Precast Plant (JV) Herzegovina 386 49.0% 40
Slide 26: 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 27: 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 395 Tracim 46.2% 1 Grinding plant 345 Acquisition Feb.2026 295 256 251 36.2% 2 Commercial Quarries 240 250 27% 245 25% 4 Ready-mix plants 173 26.2
Slide 28: Eastern Mediterranean
Eastern Mediterranean Favorable Demographics Generate Economic Growth and Investment Needs Large, young and growing population… (Population in millions) 105 107 108 110 112 85 86 86 86 87 2023 2024 2025 2026f 2027f …combined with recorded and anticipated real GDP growth... (Real GDP % y-o-y) 5 4.8 4
Slide 29: Brazil – Joint Venture 50/50
Brazil – Joint Venture 50/50 Cimento Apodi operates two units in Ceará state Sales & EBITDA (€m) Operating units 1 Cement plants (Quixeré) 128 116 111 109 1 Grinding plant (Pecém) 4 Ready-mix plants 95 84 71 61 45 24 29 33 19 20 21 23 Principal products / activities -5 Cement plant 2020 2021 2022 20
Slide 30: More Information
More Information • For TITAN’s Financial Performance, please refer to 1H 2026 Results • For 2029 Strategy, please refer to Investor Day November 2025 30
Slide 31: Thank you!
Thank you! We invite you to visit our 2025 Integrated Annual Report
Slide 32: 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