Slide 1: Trading Update - 1st Quarter 2025
Trading Update- 1st Quarter 2025 TCI Investors’ and Analysts’ presentation Nicosia, 8 May 2025 Thessaloniki cement plant, Greece
Slide 2: Trading update - 1st Quarter 2025: Solid sales and EBITDA growth
Trading update - 1st Quarter 2025 Solid sales and EBITDA growth • Positive start to the year with sales up by 2.4%, at €638.4m, in a quarter with sustained volumes in cement and growth in volumes in other core products despite adverse weather. Firm pricing. • Group EBITDA further increased by 11.7%,
Slide 3: Sustained 12-month rolling growth trajectory
Sustained 12-month rolling growth trajectory Group Sales (€ m) Group EBITDA (€ m) Group NPAT (€ m) +2.9% 3,000 800 400 2,582.6 76.1 2,658.7 +9.2% +1.3% 12-Month Rolling 2,500 49.9 592.9 600 543.0 300 276.9 3.6 280.5 2,000 Q1 2025 1,500 400 200 1,000 200 100 500 0 0 0 12 MR Sales Variance 12 MR Sales
Slide 4: Sales Volume Q1 2025
Sales Volume Q1 2025 Cement (domestic & exports) 0% -2% 4.1 4.0 2024 2025 1Q 2025 +6% +18% 1.5 1.6 0.3 4.9 5.8 0.2 Cement 3rd Party Aggregates Ready-mix Domestic Cement (tn m) (m3 m) (tn m) Exports (tn m) * Intragroup product sales for processing are included in sales volumes (1) Cement sales includ
Slide 5: Positive Q1 Operating Free Cash Flow at €10m. Significant drop in Net Debt
Positive Q1 Operating Free Cash Flow at €10m. Significant drop in Net Debt and leverage ratio. Operating Free Cash Flow Evolution Group Net and Gross Debt Evolution (€ m) (€ m) 2025 Operating Free Cash Flow Gross Debt 353 (27) 1,200 Net Debt 6 6 342 Net Debt/EBITDA 1,000 934 5 882 903 902 869 853 86
Slide 6: US and Greece: Sales and profitability results
US: Sustained sales and higher profitability despite adverse weather. GR: Increased domestic demand, rise in prices and growth in profitability. Sales (€ m) EBITDA (€ m) • Sustained sales levels at $393m (-1.9% in $). Higher sales in Ready mix & aggregates. Small decline in cement volumes impacted b
Slide 7: SEE and EMED: Regional performance
SEE: Solid fundamentals -satisfactory performance under adverse weather conditions. EMED: Domestic and export volume growth in Egypt. Improved margins. Sales (€ m) EBITDA (€ m) • Sales decreased by 9% to €82.6m, compared to an exceptional performance 600 100 last year assisted by mild winter. • EBIT
Slide 8: Outlook
Outlook Cautiously optimistic outlook with sales growth and EBITDA margin expansion over the remainder of the year, thanks to our presence in high-growth markets and benefits from our investment program over the last years. ➢ In the US, we expect near-term moderation of residential activity. However
Slide 9: Appendix
Appendix Q1 2025 Results – Investors’ and Analysts’ Presentation Roanoke integrated cement plant, Virginia, USA
Slide 10: Group Income Statement – Q1 2025
Group Income Statement – Q1 2025 Q1 2025 Results – Investors’ and Analysts’ Presentation 10
Slide 11: Group Balance Sheet – Q1 2025
Group Balance Sheet – Q1 2025 Q1 2025 Results – Investors’ and Analysts’ Presentation 11
Slide 12: Disclaimer
Disclaimer This presentation (“the Presentation”) has been prepared by Titan S.A (the “Company” and together with its subsidiaries, “the Group”) and is general background information about the activities of the Group at the date of the Presentation. The information in the Presentation is provided in