Gcc Sab De Cv · BMV:GCC
Gcc Sab De Cv — Q3 2026 Earnings Presentation
28 slides from Gcc Sab De Cv's earnings presentation, Oct 28, 2026
Slide 1: Q3 2026 Earnings Conference Call
Q3 2026 EARNINGS CONFERENCE CALL ENRIQUE ESCALANTE, CEO MAIK STRECKER, CFO OCTOBER 28, 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 Healthy customer backlogs • GCC marked its 85th anniversary • Entered Q3 with good momentum 6% YTD U.S. cement volumes • Volume growth in July and August • September brought unusually heavy rainfall • Activity built through the summer shifted out of Q3 7.7% YTD Mexico cement volumes 3
Slide 4: People
PEOPLE 85th • Generations of employees who built GCC anniversary • Teams who will lead the company forward • Conducted our Great Place to Work survey GPTW • Feedback will shape our talent priorities for 2027 Strengthening • Enhancing our cybersecurity tools capabilities • Expanding training across t
Slide 5: Dr. Vagón: A Hospital on Rails
DR. VAGÓN A HOSPITAL ON RAILS • Partnered with Fundación Grupo México and the Chihuahua State Government • Free medical care, diagnostic services and medicine • Reaching communities where access can be limited • October focused on women’s health • 18 wagons serving up to 500 people per day 5
Slide 6: Planet
Continuing projects to expand access to natural gas and alternative fuels Increased the use Improving supply of natural gas reliability PLANET Supporting the transition toward lower-carbon energy sources Reduced coal in Reducing exposure our energy mix to fuel-price volatility 6
Slide 7: U.S. Overview
U.S. OVERVIEW • Cement volumes remained essentially flat 76% • Concrete volumes declined of sales • 2025 exceptional project activity • Weather disruption in September • Quarterly results in line with our expectations Q3 26 vs. Q3 25 9M 26 vs. 9M 25 Volumes Prices Volumes Prices • Customer backlogs
Slide 8: Infrastructure and data centers demand
Infrastructure our most active segment • Supplying highway, paving and other transportation work • Backlog remains solid • U.S. policy direction supports transportation investment Data centers contributing to current demand • Remain an important source of opportunities • Worked on four data center d
Slide 9: U.S. Overview: wind, oil and gas, residential
U.S. OVERVIEW Wind energy an important source of demand Oil and gas activity at a good level • Built mobile capacity, technical expertise and • Customers followed established work programs customer relationships • Oil-well cement a steady source of demand • Comparing against exceptional 2025 volumes
Slide 10: U.S. Overview: Pricing
U.S. OVERVIEW Pricing • U.S. pricing environment remained challenging For construction and US$12 per ton oil-well cement, • Reflect project and geographic mix effects effective January 1 cement price increase • Imported cement continues to influence pricing • Inland footprint provides protection • M
Slide 11: Mexico Overview
MEXICO OVERVIEW 24% • Sales grew during Q3 of sales • Rainfall affected September activities • Retail, self-construction and residential the strongest segments • Vivienda para el Bienestar represents additional growth Q3 26 vs. Q3 25 9M 26 vs. 9M 25 • Infrastructure remained strong Volumes Prices Vo
Slide 12: Capital Allocation
Shipping construction and oil well cement CAPITAL First customer sales Replacing higher-cost ALLOCATION from the new Odessa shipments to Texas production line Slowly pacing the ramp up in line with Improving freight customer demand economics 12
Slide 13: Capital Allocation: acquisitions and shareholder returns
CAPITAL ALLOCATION Integrating businesses across Texas US$104 million Deployed in acquisitions • Acquired concrete operations in Midland-Odessa • Serve customers with cement, aggregates and concrete • Enhance the strategic value of the Odessa expansion • Create operating and logistics synergies US$5
Slide 14: Q3 2026 Highlights
Q3 2026 HIGHLIGHTS Short-term weather disruption Odessa now serving customers Integrated platform expanding Mexico gaining momentum 2027 project base taking shape 14
Slide 15: Financial Results
FINANCIAL RESULTS MAIK STRECKER, CFO
Slide 16: Consolidated Net Sales
CONSOLIDATED NET SALES +9.3% Q3 26 vs. Q3 25 9M 26 vs. 9M 25 1,147 1,049 Volumes Prices* Volumes Prices* -1.2% 314 Cement 265 United States -0.5% -2.8% 6.0% -2.8% Mexico 4.7% 3.2% 7.7% 0.9% 439 433 95 105 784 833 Concrete United States -18.6% -2.2% 1.7% 4.1% 344 328 Mexico -7.8% 2.7% -1.0% 4.6% Q3 2
Slide 17: Cost of Sales
COST OF SALES % of sales Reflecting: 63.7% 66.1% 66.0% 67.5% • Lower U.S. cement pricing + 240 BPS + 150 BPS • Cost profile of acquired businesses • Higher diesel prices • Additional logistics costs 774 692 • Elevated transfer freight 279 286 Q3 25 Q3 26 9M 25 9M 26 (US$ Million) 17
Slide 18: SG&A
SG&A % of sales Reflecting: 6.9% 7.9% 8.5% 8.7% • Appreciation of the Mexican peso + 100 BPS + 20 BPS • Acquired operations • Annual salary adjustments • Structural savings achieved in 2025 100 remain embedded 89 30 34 Q3 25 Q3 26 9M 25 9M 26 (US$ Million) 18
Slide 19: EBITDA
EBITDA EBITDA margin Margin change reflects: 35.9% 34.3% 33.3% 32.1% • Shipment timing - 160 BPS - 120 BPS • Pricing and product mix effects +5.5% • Transitional freight associated with Odessa -5.8% 349 368 158 148 Q3 25 Q3 26 9M 25 9M 26 (US$ Million) 19
Slide 20: Free Cash Flow
FREE CASH FLOW 81.6% FCF conversion rate US$ million 7 8 (39) 13 (17) 148 121 EBITDA Interest income Working capital Taxes Accruals Maintenance Free cash flow Q3 26 decrease and others CapEx Q3 26 20
Slide 21: Net Leverage Ratio and capital spending
US$27M growth capital expenditures NET LEVERAGE RATIO Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 US$6M share buybacks -0.37x -0.47x -0.51x -0.55x -0.71x US$888M cash and equivalents 21
Slide 22: Revised Guidance
United States Consolidated Volumes EBITDA growth Low-single digit increase Cement Mid-single digit increase FCF Conversion Rate > 60% 2026 Prices Concrete Low-single digit increase Total CapEx US$220M REVISED Cement Low-single digit decrease Strategic & growth US$150M GUIDANCE Concrete Low-single di
Slide 23: Our priorities
Our priorities Continue a disciplined ramping Capture the network benefits of Odessa Maintain stability in a competitive Allocate capital toward attractive environment long-term returns 23
Slide 24: Questions
QUESTIONS CONTACT: Maik Strecker, Chief Financial and Planning Officer mstrecker@gcc.com WWW.GCC.COM Sahory Ogushi, Head of Investor Relations soguship@gcc.com +52 (614) 442 3176 + 1 (303) 739 5943 2 4
Slide 25: Appendix
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Slide 26: Income Statement
INCOME STATEMENT US$ million Q3 26 Q3 25 Var 9M 26 9M 25 Var Net sales 433.1 438.5 -1.2% 1,147.0 1,048.9 9.3% Cost of sales 286.4 279.2 2.6% 773.7 692.5 11.7% SG&A 34.4 30.3 13.6% 100.1 88.7 12.9% Other expenses, net 1.5 1.2 27.2% 3.8 4.6 -18.5% Operating income 110.8 127.8 -13.3% 269.4 263.2 2.4% O
Slide 27: Balance Sheet
BALANCE SHEET September 2026 September 2025 Variation Total assets 3,803.5 3,466.8 9.7% Current assets 1,320.6 1,268.0 4.1% Cash and equivalents 887.7 853.7 4.0% Other current assets 432.9 414.3 4.5% Non-current assets 2,482.9 2,198.8 12.9% Property, plant and equipment 1,926.7 1,733.4 11.2% Goodwil
Slide 28: Free Cash Flow
FREE CASH FLOW US$ million Q3 26 Q3 25 Var 9M 26 9M 25 Var EBITDA 148.4 157.6 -5.8% 368.5 349.3 5.5% Interest income (expense) 8.3 7.9 5.5% 13.4 22.8 -41.3% Decrease (increase) in working capital 7.3 (15.2) n.m. (67.2) (65.5) 2.6% Taxes (38.5) (9.1) n.m. (77.8) (42.1) 84.8% Prepaid expenses (6.3) (5