Cementir Holding N.v. · MIL:CEM
Cementir — Cemetir Holding — FY2025 Earnings Presentation
18 slides from Cementir's earnings presentation, Feb 11, 2026
Slide 1: 2025 Results and Industrial Plan 2026-2028
2025 Results and Industrial Plan 2026-2028 Investor Presentation ROME, 12 FEBRUARY 2026
Slide 2: Agenda
03 Preliminary 2025 results and 2026 Guidance Agenda 07 2026 - 2028 Industrial Plan update 14 2026 - 2028 Industrial Plan financials
Slide 3: Preliminary 2025 results and 2026 Guidance
01 Preliminary 2025 results and 2026 Guidance
Slide 4: 2025 Key Metrics
2025 Key Metrics Revenue EBITDA Net Cash ROCE 1.64 Bn€ 439 M€ 465 M€ 19.5 % -2.8% vs. 2024 +7.9% vs. 2024 +175 M€ vs. 2024 +280 bps vs. 2024 Credit Rating ESG Ratings BBB- Cement capacity Employees with Stable Outlook 12.5 M tons 2,987 Annually -95 vs. 2024 Data as of December 31st, 2025. Revenue, E
Slide 5: 2025 Preliminary results highlights
2025 Preliminary results highlights Financial Highlights – Non GAAP* Revenue reached 1,639.6 M€ (-2.8% yoy); non-GAAP* Revenue reached 1,644 M€ (-0.3% yoy) • 97M€ negative impact of currency depreciation (mainly TKY) • Cement volumes increased by 3.1% due to good trading in Türkiye, Egypt and Asia P
Slide 6: 2026 Guidance
2026 Guidance Financial Highlights REVENUE* (€ BN) EBITDA* (€ M) NET CASH (€ M) Revenue ~ 1.7 BN€ +5% <5% +125 M€ Pro-Forma EBITDA 400 - 420 M€ 1.62 1.70 Pro-Forma 400-420 401 590 465 Net cash ~ 590 M€ Capex ~ 128 M€ 2025 2026 2025 2026 2025 2026 Actual Guidance Actual Guidance Actual Guidance Guida
Slide 7: Industrial Plan update
02 2026-2028 Industrial Plan update
Slide 8: Group strategic priorities
Group strategic priorities Sustainability Competitiveness Innovation Growth and People and Safety Positioning • Sustainability • Digitalization • Application of • Reinforce vertical • Zero Accidents Roadmap update Artificial intelligence integration in the program: foster a high- • Manufacturing, to
Slide 9: Structural Drivers underpinning a more sustainable industry
Sustainability Structural Drivers underpinning a more sustainable industry Our strategy directly addresses all main secular trends Trends Impact/ Response ₋ Stringent CO2 and new building regulations Climate Change & Decarbonization ₋ Technological solutions for Net Zero (CCS) ₋ Demand for low-carbo
Slide 10: New 2030 decarbonization targets (Scope 1 emissions)
Sustainability New 2030 decarbonization targets (Scope 1 emissions) Grey cement target White cement target Kg Gross CO2 /TCE * Kg Gross CO2 /TCE * -42% vs 2020 -20% vs 2020 800 300% 1000 300% 2028 718 2028 915 919 Target 684 672 Target 886 700 250% 900 867 250% 655 632 846 859 2030 610 823 Target 20
Slide 11: The ACCSION Project
Sustainability The ACCSION Project ACCSION stands for Aalborg CCS using Infrastructure Onshore in North Jutland • Pioneering carbon capture and storage (CCS) initiative in consortium with Air Liquide, aiming to establish Europe’s first fully onshore CCS value chain • The project targets 1.5 million
Slide 12: Continued ESG commitment
Sustainability Continued ESG commitment In April 2025, Cementir was included for the In December 2025, CDP included In June 2025, Cementir was second year in the Financial Times’ “Europe’s Cementir in its “A list” for the included in the TIME ranking of Climate Leaders” ranking, which lists the 600
Slide 13: Innovation: Transition towards lower carbon products
Innovation Innovation: Transition towards lower carbon products Cementir is accelerating the transition to sustainable construction by expanding its low carbon cement portfolio and developing concrete solutions that use new blends and more recycled materials Low carbon CEMENT Low carbon CONCRETE • D
Slide 14: Industrial Plan financials
03 2026-2028 Industrial Plan financials
Slide 15: 2026-2028 Industrial Plan key metrics
2026-2028 Industrial Plan key metrics Figures exclude the intensification of geopolitical tensions and any extraordinary event REVENUE* RECURRING EBITDA* NET CASH EUR billion EUR million EUR million EBITDA 24.8% ~23.6% Margin CAGR CAGR +6-7% +4.7% ~330 Pro-Forma 1.95 Pro-Forma 400-420 1.70 460 800 1
Slide 16: 2026-2028 Industrial Plan: key 2028 targets
2026-2028 Industrial Plan: key 2028 targets (*) 2025 Actual Target Non-GAAP 2028 M€ • ~6-7% Revenue CAGR in the 2026-28 period. Moderate increase in cement volumes: Nordic & Baltic residential construction is expected to recover from 2027; higher export volumes from Egypt, and improved Revenue tradi
Slide 17: 2026-2028 Capex highlights
2026-2028 Capex highlights ▪ ~386 M€ of cumulative investments, of which 77 M€ Capex Breakdown* for sustainability projects, including 16 M€ for CCS EUR million Total ▪ Main capex initiatives: • ACCSION project in Denmanrk (CCS) 386 128 • Wind turbines in Belgium 77 • Facility upgrade for FUTURECEM®
Slide 18: | on © cementirholding
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