Titan S.a. · EURONEXT:TITC
Titan — Titan America — Q4 2024 Earnings Presentation
12 slides from Titan's earnings presentation, Dec 5, 2024
Slide 1: A Leading, Integrated Building Materials Producer, Anchored on the High Growth U.S. East Coast
A Leading, Integrated Building Materials Producer, Anchored on the High Growth U.S. East Coast Titan America SA Q4 2024
Slide 2: Disclaimer
Disclaimer NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. This presentation is made pursuant to Rule 135e of the Securities Act of 1933, as
Slide 3: Significant Installed Capacity Ready to Capture Market Growth
Significant Installed Capacity Ready to Capture Market Growth Peak capacity required for peak demand in the years ahead 25%+ Planned Increase in Cement Production Capacity Existing Multi-Product Capable Import Capacity(1) (Millions of short tons) (Millions of short tons) ▪ Capture growing demand thr
Slide 4: Core Growth Strategies
01 Core Growth Strategies 1 2 3 4 Expand Cement Capacity Grow Aggregates Grow SCM(2) Products Strengthen RMC(3) / Block Business Business Business ▪ Ongoing investment in ▪ Expanding reserves in ▪ Expand domestic fly ash ▪ Invest in new greenfield RMC Pennsuco and Roanoke existing mines production p
Slide 5: Targeting Adjacent Products and Markets for Strategic Growth
02 Targeting Adjacent Products and Markets for Strategic Growth New Businesses Complementing and Enhancing Our Current Offerings Lintels Mortars The missing supporting Continuing to expand into new component to our strong high-performance products block presence Near Term Heavy Industrial White Ceme
Slide 6: M&A and Greenfield Investments a Core Part of the TA Playbook
03 M&A and Greenfield Investments a Core Part of the TA Playbook Track Record of Accretive M&A Disciplined Strategy and Strong Pipeline Clear Strategic Priorities Financial Discipline Actionable Universe ❑ Primarily target bolt-ons ❑ Accretive to margin Aggregates Supporting Our Markets ❑ Bolster co
Slide 7: Financial Highlights
Financial Highlights A Proven Track Record of Strong Financial Performance Revenue Adj. EBITDA(1) $1.64Bn in LTM Q3 2024 $374MM in LTM Q3 2024 ’23A: $1.59Bn / ’19-23A CAGR: 11% ’23A: $328MM / ’19-23A CAGR: 13% Revenue growth above market Profitability above revenue growth Net Income Free Cash Flow(2
Slide 8: Strong Financial Track Record with Attractive Cash Flow Generation, Top Line Growth and Margin Expansion
Strong Financial Track Record with Attractive Cash Flow Generation, Top Line Growth and Margin Expansion Revenue Adjusted EBITDA(1) Operating and Free Cash Flow(2) ($ in billions) ($ in millions) ($ in millions) Operating cash flow ’19-’23 (3) Capital expenditure CAGR: 11% ’19-’23 $374 $1.59 $1.64 C
Slide 9: Florida – Fully Integrated Construction Materials Business with Leading Position in All Major Markets
Florida – Fully Integrated Construction Materials Business with Leading Position in All Major Markets Largest Producing Multiple Tailwinds Driving Construction Demand A Leader Cement Plant 4.9 million tons in Florida Metro Areas(1) in Florida(2) Cement Capacity(3) ▪ Cement consumption expected to gr
Slide 10: Mid-Atlantic is a Vertically Integrated Powerhouse Well Positioned In Strong Growth Markets
Mid-Atlantic is a Vertically Integrated Powerhouse Well Positioned In Strong Growth Markets Converging Growth Themes Driving Building A Leader Only Cement Plant 5.3 million tons Materials Demand in the Mid-Atlantic(1) in Virginia(2) Cement Capacity(3) ▪ Cement consumption to grow by ~12% in Mid-Atla
Slide 11: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation ($ in millions) 2019 2020 2021 2022 2023 LTM Q3 2024 Net income $62 $62 $59 $63 $155 $175 Net income margin 5.8% 5.8% 5.1% 4.6% 9.8% 10.6% Income tax expense 18 20 15 17 47 53 Finance cost, net 27 27 22 19 22 22 Depreciation, depletion and amortization 81 81 82 88 91 9
Slide 12: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation ($ in millions) 2019 2020 2021 2022 2023 LTM Q3 2024 Net Income $62 $62 $59 $63 $155 $175 (+) Net Interest 27 27 22 19 22 22 (+) Income Tax Expense 18 20 15 17 47 53 (+/-) Taxes (Paid) / Refunded - 1 2 (5) (53) (73) (+) DD&A 81 81 82 88 91 96 (+/-) FX/Derivatives 10 8 (