Slide 1: Presentation to Analysts and Investors for Full Year 2025 Audited Results
BUA Cement Plc RC1193879 Presentation to Analysts and Investors for Full Year 2025 Audited Results 25 March 2026 www.buacement.com 1
Slide 2: Disclaimer
Disclaimer Unless otherwise indicated, the financial information provided herein has been prepared under International Financial Reporting Standards (IFRS). This presentation contains forward-looking statements and information. Forward-looking statements and information are statements that are not h
Slide 3: vioe«s
vioe«s Sw d : = 2 d 4 = 2 a oe - La (f) BUACementNG | (c) Co) BUA.Cement | Cin] (x) BUACement “
Slide 4: Content
Content 05 Our Company Philosophy 16 Investment Case & Expansion Projects 06 Company Overview 17 Strategic Priorities 10 Macro Economic Highlights 18 Sustainability Highlights 11 Performance Highlights 4
Slide 5: Our Philosophy
Our Philosophy Our Vision To be a highly competitive market leader in Nigeria Our Mission To produce and market high quality cement for national development Our Value Proposition We are a professional supplier of premium brand cement and provide reliable delivery to our customers with application tr
Slide 6: Company Overview
Largest Cement Producer in the North-West, South-South and South-East 6 Modern lines Operational across 2 States Company Overview N1.2 trillion (2024: N876.5 billion) Revenue Sustainably led by the United Nations SDGs & the IFC Performance Standards N6.1 trillion Market Capitalisation as at Dec. 202
Slide 7: Flawless Execution, Disciplined Approach
Flawless Execution, Disciplined Approach Obu Cement The 1.5mmt line-3 Commissioned the line-2 Signed $500 million syndicated Groundbreaking ceremony for Listed on the Nigeria commenced plant at Kalambaina, 3mmt at Okpella, Edo State loan with the IFC. the greenfield Ososo line-1 in Incorporation of
Slide 8: Strategic Positioning, Increasing Market Presence
Strategic Positioning, Increasing Market Presence Sokoto Plant Sokoto State Line 2 0.5 mmtpa Line 3 1.5 mmtpa Line 4 3 mmtpa Line 5 3 mmtpa Line 6 3 mmtpa Obu Plant Edo State Line 1 3 mmtpa Line 2 3 mmtpa Line 3 3 mmtpa BUA Cement Plc Head Office Victoria Island, Lagos, Nigeria Ososo Plant Edo State
Slide 9: BUA Cement (Obu)
BUA Cement (Obu) Night aerial view of a section of the Obu Plants at Okpella, Edo State. 9
Slide 10: Macro Economic Overview
Macro Economic Overview Real GDP Foreign Industry Growth Inflation (real terms) Growth Exchange 3.87% 15.15% N1,429/$ 4.64% 2024: 3.38% 2024: 34.8% 2024: N1,535/$ 2024: 2.37% Source: Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS) 10
Slide 11: Business Highlights
Business Highlights Achieves Landmark Revenue of One Trillion Naira PERFORMANCE 1 SUSTAINABILITY 7 We are committed to minimising the impact Performance was driven by cost-based price of our activities on people and the recovery, deliberate cost management, and environment by engaging with stakehold
Slide 12: Key Performance Drivers
Key Performance Drivers Net revenue Operating profit Profit after tax 1,179 N’millions N’billions N’billions 876 505 356 144 74 2025 2024 2025 2024 2025 2024 01 02 03 04 Disciplined Cost Cost-Based Price Market Diversification Digital Transformation Management Recovery • Alignment of people and • Pa
Slide 13: Margin Expansion Through Revenue and Cost Levers
Margin Expansion Through Revenue and Cost Levers 549.9 N’billions 303.0 0.9 -22.6 268.6 EBITDA (2024) Revenue Cost of sales SD&A (net) EBITDA (2025) • EBITDA increased by 104.7% to N549.9 billion from N268.6 billion (2024). The drivers for the increase were as follows: ➢ Revenue increased by 34.6% o
Slide 14: Direct Cost Efficiency Gains
Direct Cost Efficiency Gains Cost of sales Selling & Distribution Administrative Cost (N‘bn) Cost (N‘bn) (N‘bn) 575.3 576.2 63.6 42.9 27.8 22.1 2025 2024 2025 2024 2025 2024 • Selling & Distribution expenses increased by 48.4% or N20.8 billion to N63.6 billion from N42.9 billion, which resulted from
Slide 15: BUA Cement
© n BUA Cement P CEMENT Strength that ORTLAND LIMESTONE buildsivisions | CEMENT Z Weight 50 + 1kg
Slide 16: Scaling Success: Expanding Our Footprint
Scaling Success: Expanding Our Footprint The Investment Case Expansion Projects ❖ The Ososo Line 1 (Edo State) Low Consumption per Capita o Installed capacity – 3mmtpa o Commission date – December 2027 ❖ The Sokoto Line 6 Infrastructure & (Sokoto State) Housing Projects o Installed capacity – 3mmtpa
Slide 17: Reinforcing Purpose – Strategic Priorities for 2026
Reinforcing Purpose – Strategic Priorities for 2026 Sustaining Synergy New Markets Expansion Innovation Sustainability • Drive continued revenue and • Increase customer base, • Construction of a • Deploy solutions that • Diversification of the energy cost synergies to strengthen while penetrating ne
Slide 18: Creating Shared Value
Creating Shared Value L-R: stakeholder engagement, school excursion by students of Ogbonna Secondary School to the Obu Plant, presentation of a tricycle to an awardee L-R: donation of essential drugs to communities in Sokoto State; donation of uniforms to schools in Kalambaina, Sokoto State; commiss
Slide 19: Thank You
BUA Cement Plc RC 1193879 Thank You BUA Cement Plc 5th Floor, BUA Towers PC 32, Churchgate Street Victoria Island, Lagos, Nigeria Email: investor.relations@buacement.com 19