Gcc Sab De Cv · BMV:GCC
Gcc Sab De Cv — Grupo Cementos De Chihuah — Q1 2026 Earnings Presentation
23 slides from Gcc Sab De Cv's earnings presentation, Apr 22, 2026
Slide 1: Q1 2026 Earnings Conference Call
Q1 2026 EARNINGS CONFERENCE CALL ENRIQUE ESCALANTE, CEO MAIK STRECKER, CFO APRIL 22, 2026
Slide 2: Safe Harbor Statement
This presentation has been prepared by GCC, S.A.B. de C.V. (together with other results to be materially different from the results expressed or its subsidiaries, “GCC”). Nothing within this presentation is intended to be implied by said projections. taken by any person as investment advice, a recom
Slide 3: Highlights
HIGHLIGHTS Favorable weather Strong top- and bottom-line growth Strong project activity The strengths of GCC’s business model: • Flexible network • Diversified customer base • Switch volumes according to demand • Reliable customer service 3
Slide 4: People
PEOPLE Top priority Safety No serious injuries recorded Consistency of GCC’s safety culture Strengthening operational capabilities Training Cement and ready-mix operations Advanced technical training plans 4
Slide 5: Planet
• Improving efficiency • Strengthening Building natural gas operations Blended cements represent pipeline infrastructure PLANET • Managing costs at select cement 76% plants of total cement volumes Increased the biomass Improving access to share in the fuel mix lower-cost energy sources 5
Slide 6: U.S. Overview
U.S. OVERVIEW • Favorable weather conditions • Healthy backlogs 66% of sales • Infrastructure remains at a sustained level of activity • Added an interstate highway project in Texas • Residential activity remains under pressure Q1 26 vs. Q1 25 • Ready-mix a key driver of performance Volumes Prices •
Slide 7: U.S. Overview
U.S. OVERVIEW Growing interest in data center development • Tracking opportunities Enhance GCC’s Volumes benefited ability to serve • Projects in early stages from newer customers more terminals in Texas efficiently and Arizona Oil and gas customer sentiment improving • Supported by the current pric
Slide 8: Mexico Overview
MEXICO OVERVIEW 34% • Stronger activity across segments of sales • Normalized comparison base • Private housing demand remains strong • The federal housing initiative progressing gradually • Infrastructure showing solid momentum • Favorable outlook as execution accelerates Q1 26 vs. Q1 25 Volumes Pr
Slide 9: Capital Allocation
Incremental freight costs to maintain GCC’s flexible fuel CAPITAL uninterrupted strategy continues Odessa expansion supply ALLOCATION to be a key nearing completion advantage Protect customer service 9 9
Slide 10: M&A: Acquisition of aggregates, asphalt, and ready-mix operations in El Paso, TX
M&A Acquisition of aggregates, asphalt, and ready-mix operations in El Paso, TX • Continue to evaluate cement opportunities in the U.S. and Southern NM • Maintaining strategic and financial criteria • Greater emphasis on bolt-on opportunities • Strengthen GCC’s downstream presence • Expand the footp
Slide 11: Good Start to the Year; Focus Remains On
Q1 2026 GOOD START TO THE YEAR FOCUS REMAINS ON: • Favorable operating conditions • Delivering reliable service to customers • Strong execution • Bringing Odessa online • Improving activities across GCC’s markets • Positioning GCC to capture opportunities 11
Slide 12: Financial Results
FINANCIAL RESULTS MAIK STRECKER, CFO
Slide 13: Consolidated Net Sales
CONSOLIDATED NET SALES +19.8% Q1 26 vs. Q1 25 295 Volumes Prices* 247 101 Cement 79 United States 10.6% -2.6% Mexico 12.8% -0.8% 194 168 Concrete United States 15.9% 27.8% Q1 25 Q1 26 Mexico 5.9% 1.2% (US$ Million) United States Mexico +14.1% excluding the FX effect * Prices in local currency 13
Slide 14: Cost of Sales
COST OF SALES % of sales 69.1% 69.8% • Driven by: • Higher fuel and power costs + 70 BPS • Lower contribution from oil-well cement • Higher transfer freight • Odessa ramp-up 206 170 • New terminals Q1 25 Q1 26 (US$ Million) 14
Slide 15: SG&A and EBITDA
SG&A EBITDA % of sales EBITDA margin 11.4% 10.6% 29.8% 29.5% - 80 BPS - 40 BPS +18.3% 31 87 28 74 Q1 25 Q1 26 Q1 25 Q1 26 (US$ Million) (US$ Million) 15
Slide 16: Free Cash Flow
FREE CASH FLOW US$ million 8 (47) 87 (26) (21) (10) (10) EBITDA Interest income Working capital Taxes Accruals Maintenance Free cash flow Q1 26 increase and others CapEx Q1 26 16
Slide 17: Net Leverage Ratio, Cash and Investments
US$38M strategic investments NET LEVERAGE RATIO Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 US$5M share buybacks -0.48x -0.47x -0.56x -0.55x -0.71x US$857M cash and equivalents 17
Slide 18: Expectations for the full year remain unchanged
Expectations for the full year remain unchanged. Focus on executing the Odessa expansion, supporting customers, and managing the network. 18
Slide 19: Questions
QUESTIONS CONTACT: Maik Strecker, Chief Financial and Planning Officer mstrecker@gcc.com WWW.GCC.COM Sahory Ogushi, Head of Investor Relations soguship@gcc.com +52 (614) 442 3176 + 1 (303) 739 5943 1 9
Slide 20: Appendix
APPENDIX &}ccc
Slide 21: Income Statement
INCOME STATEMENT US$ million Q1 26 Q1 25 Var Net sales 295.4 246.5 19.8% Cost of sales 206.2 170.4 21.0% SG&A 31.2 28.1 11.1% Other expenses, net 1.2 1.6 -22.5% Operating income 56.8 46.5 22.2% Operating margin 19.2% 18.9% Net financing expenses 8.6 7.5 15.1% Earnings in associates 0.4 0.9 -61.2% In
Slide 22: Balance Sheet
BALANCE SHEET March 2026 March 2025 Variation Total assets 3,602.9 3,156.0 14.2% Current assets 1,265.5 1,221.4 3.6% Cash and equivalents 857.3 873.4 -1.8% Other current assets 408.2 348.0 17.3% Non-current assets 2,337.4 1,934.5 20.8% Plant, property, and equipment 1,829.1 1,516.0 20.7% Goodwill an
Slide 23: Free Cash Flow
FREE CASH FLOW US$ million Q1 26 Q1 25 Var EBITDA 87.1 73.6 18.3% Interest income (expense) 7.5 12.5 -39.8% Decrease (increase) in working capital (46.8) (17.3) 170.6% Taxes (26.5) (11.6) 128.4% Prepaid expenses (0.6) 0.7 n.m. Accruals and other accounts (17.2) (18.0) -4.7% Operating leases (IFRS 16
Grupo Cementos De Chihuah — Q1 2026 Earnings Presentation on 6ix