Slides
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T I T A N M A T E R I A L S Titan Group Investor Day November 11, 2025 1
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2 01 Welcome 02 A New Growth Plan: TITAN FORWARD 2029 03 US: A New Era of Growth 04 Europe & Eastern Mediterranean: Accelerate Value Growth Break 05 Building Tomorrow: ACMs & Innovation for Sustainable Construction 06 Leading through Digital & New Technologies 07 Delivering on Commitments, Creating Lasting Value for Shareholders 08 Closing Remarks & Q&A Break Exhibition – Booths: TITAN FORWARD IN ACTION Cocktail Reception Agenda FORWARD with Alternative Materials FORWARD with Digital Innovation & Technology FORWARD with Innovative Products & Solutions
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 3 Today’s Presenters Jean Philippe Benard Group Chief Executive Cementitious & Energy Leonidas Canellopoulos Group Chief Innovation & Sustainability Officer Samir Cairae Group Chief Technology Officer Antonis Kyrkos Group Chief Digital & Strategy Officer Michael Colakides Managing Director & previous Group CFO John Ioannou Group CFO Dimitri Papalexopoulos Chair of the Board Alexandra Papalexopoulou Chair of the Board Strategy Committee Bill Zarkalis President & CEO Titan America Yanni Paniaras CEO Titan Europe Marcel Cobuz Chair Group ExCo
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Welcome Dimitri Papalexopoulos Alexandra Papalexopoulou
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 5 A powerful set of values … Make the world around us a safe, sustainable and enjoyable place to live OUR PURPOSE OUR VALUES We Care We Dare We Build To Last We Walk The Talk
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 6 Driving a Strong Culture … TITAN way: Continuity & Resilience coupled with Agility & Innovation Long-term Value Creation & Short- term Performance A Caring Meritocracy Profitable Decarbonization Governance & Transparency
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 7 Allowing for Continuous Growth … First plant in Elefsis First exports Local 1902 - 1960 1960 - 1990 Domestic expansion Corporate Social Responsibility National 1990 - 2020 International expansion Vertical integration Multi-National Decarbonization Technology & AI Innovation Transformational 2020 - Future 4 Phases in our History: At Scale & At Speed
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 8 with TITAN well positioned to capture growth opportunities US: presence in high growth markets, with an integrated network of assets Europe: delivering value through the cycle, with growth opportunities abounding EMED: strong export potential along with macro backdrop and demand improving Invest in the core growing our cement, aggregates and concrete products Maintain world-class operational performance through industrial & digital Investments Leverage our unique capabilities New operating model to drive commercial excellence and innovation Our Markets Our Materials Our Operations Expand in alternative materials & new technologies creating new value pools Innovation at the forefront for developing high-performance sustainable products
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A New Growth Plan: Titan Forward 2029 9 Marcel Cobuz
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 10 Growth Plan 2029 Key Takeaways Outperformed the markets since 2022 Achieved 2026 targets 1 year in advance & Top TSR Valuation Gap above x2 current Market Cap. Positioned for Value growth in Europe & US Able to deploy €3-4bn mainly for growth Targeting Double-digit profitability & Top returns Alternative Cementitious Materials Technology & AI Financial strength
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 11 Building a future- ready TITAN to deliver top of class growth and returns 2029
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Alexandra Papalexopoulou Strategy 12 A strong and highly diverse team committed to executing growth strategy Representative illustration of industrial & market experience and new capabilities Marcel Cobuz ExCom Chair Jean-Philippe Benard ACMs & Energy Samir Cairae Technology Leonidas Canellopoulos Sustainability & Innovation Michael Colakides M&A Alexandra Eleftheriou People John Ioannou Finance Antonis Kyrkos Digital & Strategy Christos Panagopoulos East Med & Brazil Bill Zarkalis US John Anagnostou M&A Nikos Andreadis Treasury Kevin Baird Mid-Atlantic US Disha Behar Kosovo Elli Argyrou Ventures & Partnerships Irini Belouli Procurement Mario Bracci Albania Giuseppe Caro Western Europe Terminals Dimitris Dimou Albania Vladimir Frankovic Business Development Adam Frantzis Bulgaria Lydia Giannakopoulou Communications Miroslav Gligorivejic Serbia Guillermo Haberer Marketing US Spyros Kamizoulis Investor Relations Marios Katsiotis R&D Eric Koehler Innovation US Tolga Korkmaz Türkiye Dimitra Laloumi Marketing Greece Jason Morin Florida US Kostas Nikolaou N. Macedonia Carlos Piles Puig Marketing Europe & Innovation Amr Reda Egypt Sergio Sarafopoulos Cement & Aggregates Greece Maria Clara Silva Human Resources US Aris Tsikouras Carbon Capture Christophoros Voulgaris Greece RMC New joiners Yannis Karamihas Digital Yanni Paniaras Europe Faidon Prokopios New Technologies 700+ Years of Experience in the industry 20+ Markets Experience 30% Joined the Last Two Years
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 6,000 > 3,000 joined since 2023Employees World’s most sustainable companies 121 years as a public listed company 13 TITAN 2023-2025 at a Glance Note: 2025 figures with dark blue as of September 2025 Last Twelve Months, CAGRs since 2022; CapEx includes FY 2025 estimate 1. Sales adjusted for the sale of Adocim and FX 2. ROCE: EBIT/ Average Capital Employed = Net Debt + Equity 3. Since 2023 (including dividends and SBBs) 4. Including strategic partnerships 5. EPS adjusted for the sale of Adocim, goodwill impairment in Türkiye in 4Q24 and minorities from Titan America Record Financials and Sustained Value Performance €2.8bn 1 (+7% CAGR) Sales €617m (+23% CAGR) €4.3 5 (+44% CAGR) EBITDA EPS ROCE 2 : 17.7% Shareholder returns 3 : €350mReturns 15 bolt-ons 4 €700m+ in CapEx Credit Rating BB+ with positive Outlook Investments Leader
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 14 Note: Company estimates Data as of November 3, 2025. ACMs: Alternative Cementitious Materials Leading Player with Strong Portfolio of Businesses in Attractive Markets and 240 industrial sites with unmatched logistics Leveraging on Our Unique Business Model with Leading Market Positions USA 2 cement plants 3 multi-material Marine import hubs 83 ready-mix plants 7 aggregates/clay quarries 8 concrete block plants 7 fly ash processing plants 21 distribution terminals 39% 45% 7% 9% Cement & ACMs Ready-mix Aggregates Blocks Sales Breakdown Construction Market Breakdown Per Segment Residential Non-residential Infrastructure Europe & Row 11 cement plants 3 grinding plants 4 multi-material Marine import hubs 47 ready-mix plants 14 aggregates quarries 7 pozzolan quarry 1 fly ash beneficiation site 1 concrete precast plant 1 mortar plant 76% 19% 5% Cement & ACMs Ready-mix Aggregates Sales Breakdown Construction Market Breakdown Per Segment Residential Non-residential Infrastructure
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 15 Titan is responding to increasing regionalization and other megatrends that are shaping our markets at different paces Regionalization of Supply Chains Macro & Geopolitical Volatility Alternative Materials in Increasing Demand Tech Revolution & AI driven demand Interest Rates Energy costs Trade Policies Aging Infrastructure, Housing shortage, Reconstruction Shorter Supply Chains EU Enlargement US Onshoring EU ETS and CBAM Lead Markets Supply/Demand Dynamics End User/Customer Experience Hyperscalers/Data Centers Underbuilt Housing Post wars reconstruction Infra US and EU Stimulus Next-gen Manufacturing
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 7.0% 16.9% 17.8% 17.7% 2022 2023 2024 Sep 2025LTM 16 Progress Update: Financial Targets 2023-2026 Achieved One Year Earlier Note: 1.ROCE: EBIT/ Average Capital Employed = Net Debt + Equity 2.CAGR since 2022 baseline adjusted for the sale of Adocim and FX 3.2024: EBITDA, ROACE and EPS adjusted for the one-off costs of the US IPO, a retirement program in Greece & W. Europe, and the goodwill impairment in Türkiye 2025: Sales and EBITDA include the impact of the sale of Adocim in Türkiye in May 2025. EPS excluded the impact from the sale of Adocim, minorities from Titan America, and the goodwill impairment in Türkiye in 2024. Sales Growth Reach €3bn (7% p.a.) Net Debt/EBITDA 1.5x-2x EBITDA Growth >10% p.a. EPS €3/share ROCE1 >12% p.a. Targets Achieved since 2023 CMD 2.3 2.5 2.6 2.8 2022 2023 2024 Sep 2025LTM 331 540 592 617 2022 2023 2024 Sep 2025LTM Previous CMD Targets for 2026 Progress 1.5 3.6 4.2 4.3 2022 2023 2024 Sep 2025LTM 2.4 1.2 1.0 0.5 2022 2023 2024 Sep 2025LTM bn € 7% CAGR2 Progress: as of Sep 2025 LTM3 m € 23% CAGR % €/share ND/EBITDA
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 17 Since 2023 foundational capabilities in place that allow us to accelerate going forward Unlocking funds for Growth IPO Titan America €700M+ INVESTMENTS (incl. 2 multi-material hubs in US & Europe, logistics in US) 15 Bolt-ons & JVs in Aggregates, Precast, RMC & Alternative Cementitious 30% New Products Low clinker & high- performance products Entry Precast Diversification new Platforms 13 VC Investments & technology partnerships Innovation & CVC End-to-end Digital Operations Florida cement manufacturing & logistics and 6 rollouts €300M Innovation Subsidies for new technologies 150mT Alternative Cementitious Materials Reserves Portfolio Optimization Europe & EMED
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 18 2025-2029: Strategic Priorities for Capturing Growth and Sustain Returns 01. Deliver Superior Growth in Core Business (Cement and Aggregates) 02. Expand Alternative Cementitious Materials Platform 03. Invest And Scale Up New Technologies and Platforms Expand capacity and export mix (US) Optimize footprint Operational efficiency investments (Industrial, Decarbonization, Energy, Digital) Accelerate Bolt-ons (Aggregates) Accelerate sourcing/trading capabilities Investments and partnerships Leverage in-house technologies and partnerships Innovation on low clinker products Precast platform Zero carbon clinker (CCS) and Activated Cementitious 04. Strengthen Operating Model & Capabilities Market based performance model Commercial and marketing excellence Strong safety culture and empowered learning organization
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 19 Building Capacity to deploy up to €2bn in Growth CapEx and M&A to expand core heavy materials business Industrial, Decarbonization, Digital efficiencies: €100m Optimize footprint and expand capacity Commercial Transformation Further expand Core Aggregates 01 Invest and Maintain world-class assets: • Energy decarbonization • Materials • Digitalization of Assets Invest in export-mix in EMED Increase cement capacity in US Value added selling of low clinker materials (TITAN EDGE) Focused on end-market segmentations needs Continue bolt-on investments in aggregates Expand selectively channels to the market Kamari, Calciner Inauguration, Greece DATA4 Data Center Leros quarry, Greece Alexandria Plant, Egypt
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Deploying €0.5bn capital in reserves and M&A and accelerate market introduction of Alternative Cementitious Materials (ACMs) 20 02 Tampa Terminal, Florida, US Our Ambition Establishing Alternative Cementitious Materials (ACMs) as a new global platform aiming to meet evolving customer needs, targeting 10% of Group Sales by 2029 Establishing Partnerships Around the Globe while Investing in Our Own Assets Continue securing long-term access to ACM sources From 150mn to 250mn tons of reserves Investing in logistics, infrastructure and partnerships 3-4 new multi-material hubs in US & Europe Adaptable Delivery models/Channels Leveraging proprietary technologies and innovating next generation of solutions 10 technological partnerships in US & Europe 01 02 03 Yali pozzolan, Greece
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 21 Investing €0.4bn in Innovation, New Product Platforms and Next Generation Technologies 03 Our Vision Establishing Alternative Cementitious Materials (ACMs) as a new global platform aiming to meet evolving customer needs, targeting to represent ~10% of our revenue by 2029Early adopter of game changing technologies Accelerated investments in adjacent product technologies & businesses AI-driven digitalization of operations, logistics and customer experience Double down on Innovation: products, start-ups & partnerships New Platforms New Technologies Product adjacencies platforms Precast product platform in Europe & US Products for building renovation segment Low clinker materials innovation Invest €100m in partnerships, start-ups and internal R&D (US & Europe innovation hubs) Next-Gen Manufacturing CCS for zero-carbon clinker in Europe Calcined Clay as an ACM in US & Europe Center for Advanced Technologies in Patras, Greece Digital innovation Digital twins Physical AI applications Concrete-mix applications Digital Hub in Greece Expanding partner network Greece CCS new model Robotic inspection Precast entry Europe
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Leveraging the Unique Strength of a Global Operating Model 22 Market-based performance model Commercial and marketing excellence and adaptable delivery models Fit for purpose skills matrix Strong safety culture and empowered learning organization Best operating practices Disciplined capital allocation and debt management Integrated supply chain and trading Competencies Hubs close to Markets (5 innovation, technology and digital hubs) 04
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Continue delivering top returns and margin expansion as key Growth Targets 2029 23 Note: 1.Calculated by using Average Capital Employed 2.CVC investments and R&D 3.2030 target ROCE1 15-17% p.a. Net Debt / EBITDA 1.5x-2.0x Sales Growth 6-8% p.a. EBITDA Growth 11-13% p.a. EPS €5-6/share €3-4bn Capital to deploy Operational efficiencies € 100m p.a. Specific net direct CO2 emissions3 500 kg/tn Alternative Cementitious Materials 10% of Group Sales Investments in Innovation2 €100m
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Summary: 2029 Directions For Growth and Value Creation 24 Building a future-ready TITAN delivering top of class growth and returns Top returns Capacity to deploy €3-4bn Value growth in Europe & US Valuation Gap above x2 current Market Cap. Double-digit profitability
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US: A New Era of Growth Bill Zarkalis
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 26 Note: 1.Market share estimates based on our 2024A sales volumes and industry figures from USGS 2.Core states are FL, NY, NJ, VA, NC, SC. Total states served include core states and MD, WV, KY, TN, PA, OH, IN 3.Employees as of September 2025 4.O2 reduction as of December 2024 A Leading, Fully Integrated Player in the Fast-growing Mega-regions of the US East Coast Cement Plants2 Rail Distribution Terminals21 Aggregates/Clay quarries7 Fly Ash Plants7 Multi-material Marine Import hubs3 Ready-Mix Plants83 Concrete Block Plants8 6 Core States Served2 13 Total States Served2 139 Operating sites 2,637 Employees3 19% CO2 Reduction (vs 2019)3 Florida North Carolina South Carolina Virginia Pennsylvania New Jersey West Virginia OhioIndiana Ship Traffic Flexibility ~24% ~32% ~30% New York / New Jersey Cement Market share in the Metro New York market1 Mid-Atlantic Cement Market share in the Virginia & North Carolina Markets1 Florida Cement Market share in the Florida Market1
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 27 Notes: 1.Volume CAGR for 2013 – 2024 cement sales volumes 2.LTM: Last twelve months as of Sept 2025 3.As of Sept. 2025 Well-Positioned After Ten Years of Outperforming the Market We Believe Our Industry is Entering A New Multi-Year Growth Phase 125 100 213 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Florida Mid-Atlantic US Market Index Titan America Index Titan America CAGR1 of 7% in a cement market that grew at 2% from 2013 to 2024 Titan America has emerged as preferred supplier with strong positions in the attractive markets we serve Proven track record of management team 2025 LTM2 $1,656m Sales $380m EBITDA 2,637 FTEs3 Titan America Cement Sales Volumes 2013 Market Size & TA Sales Index = 100
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 28 Notes: 1.Based on 2024A data; self-supplied includes imports from Titan S.A Vertically Integrated Business Model Provides Strategic Flexibility Integrated Downstream Product Lines Serve as Channels-To-Market for Upstream Products Have built a comprehensive, uniquely integrated, interconnected product mix Can Choose To Place Upstream Product Lines at End-Markets either Directly… …Or Through Mostly Self-Supplied Downstream Product Lines1 Ability To Optimize Channel Mix Locally, Maximizing Top Line & Earnings Growth This Built-in Strategic Flexibility Provides Competitive Edge Clay Fly-Ash Slag Pozzolans Cement Cementitious Aggregates Upstream Products Downstream Products Customers Residential Construction Commercial Construction Merchants / Retail Industrial Construction Civil Contractors / Infrastructure Stucco & Mortars Precast Concrete Products Ready Mix Concrete Block ~97% of cement for RMC and Concrete Block self-supplied1
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 29 Hard to Replicate Comprehensive Logistics Network with Strategically Placed Facilities and Terminals Florida Business Mid-Atlantic Business Richmond Bristol Nortfolk Winston-Salem Charlotte Wilmington Roanoke Essex Washington DC Q3 ’25 LTM1 Sales 39% Orlando Jacksonville St. Augustine Edgewater Melbourne Ft. Pierce Palm Beach Miami Ft. Myers Tampa Q3 ’25 LTM1 Sales 61% Regions “Book-ended” by an Upstream Production and a Multi-Product Import Hub Comprehensive Network of Rail-Connected Multi-Product Terminals, Loadouts, Supported by AI-powered Logistics Technology Links Upstream Product Hubs with Integrated Downstream Product Lines Secures Reliable Supply to Customers from Multiple Channels & Sourcing Points Enables Choice of Lowest Cost to Source & Serve, Maximizing Operating Profits Notes: 1.LTM: Last twelve months as of Sept 2025
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 30 Notes: 1.“The State of Housing in America” (published March 17, 2025; updated September 3, 2025) 2.IIJA: Infrastructure Investment and Jobs Act Transportation, EVs, Broadband, Resilience, Water, and Airports Capitalizing on Trends Driving a Powerful Multi-Year Growth Cycle in the USA Infrastructure & Onshoring Spending Dynamic Transformation Themes Our Attractive Regions & Residential Underbuilt Titan America has leading market positions in mega-regions with population & economic growth above the US average. US Residential underbuilt by over 4.7m homes, according to the US Chamber of Commerce1. 01 Digitalization and AI 02 New Construction Technologies (3D Printing, Prefabrication) 03 Green Concrete 39% 17% 15% 12% 6% 11% Roads & Bridges Resiliency Water Infrastructure Airports Ports & Waterways Misc. IIJA2 Estimated Cement Usage IIJA: expected for re-authorization in Sept.’26
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 31 Strategic Priorities for What We Believe to be a New Multi-Year Growth Phase in the Industry 02 Accelerate growth with new materials service models and adjacencies 04 Apply technology as a critical enabler for growth 03 Deploy capital in accretive M&A growth 01 Build on strong market
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 32 Notes: 1. As of September 30, 2025 Core Growth Strategies Expand Cement Capacity Grow Aggregates Business Grow ACM Products Business Strengthen RMC / Block Business Ongoing investment in Pennsuco and Roanoke plants Planned increase in production capacity from 3.8m st1 to 4.9m st by 2030 Expanding reserves in existing mines Recovery of mined reserves Domestic greenfield and M&A Developing offshore source Expanding domestic fly ash production Beneficiate landfilled ACMs Secure import sources for fly ash, slag and pozzolans Invest in new greenfield RMC plants Increase portable RMC plants to support infrastructure and manufacturing reshoring Expand the Block business via greenfield investment 01
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Innovating Across Four Transformational Megatrends 33 High Performing Materials with Low Carbon Content High performing cementitious products – Type IL, Type IT, and calcined clay GreenCrete® Titan Edge® New Construction Technologies 3D concrete printing AI/ML optimizers for manufacturing and logistics Plants and Jobsites of the Future Circular Economy Alternative raw materials Alternative fuels Concrete recycling and upcycling CO2 utilization and mineralization Climate Adaptation Blue-green nature-based infrastructure Marine concrete South Florida Climate Ready Tech Hub 02
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 34 Source: Synergy Research Group https://www.srgresearch.com/articles/synergy-updates-its-ranking-of-the-worlds-top-20-hyperscale-data-center-locations Titan America Capitalizes on US Data Center Mega Trend02 Hyperscale Data Center Capacity by County/Region (MW of Operational Critical IT Load – Q1 2025) Data Centers are a major growth lever in the areas where Titan America operates. 0% 5% 10% 15% Australia - Sydney Singapore Japan - Tokyo US - N.Carolina US - Silicon Valley US - Georgia US - Texas/San Antonio US - S. Virginia US - S. Carolina US - Illinois US - Nebraska US - Arizona China - Shanghai US - Texas/Dallas US - Ohio Ireland - Dublin US - Iowa US - Oregon China - Beijing US - N. Virginia Titan America Markets Rest of World Virginia is the Hyperscale Data Center capital of the world. Titan America’s branded high performance / low carbon products, enabled by AI mix designs, support growth in fast-track Data Center construction applications. Since 2022, Titan America has provided product to approximately 40% the 250 data centers constructed in our served markets. Share of Worldwide Capacity
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 35 Titan America Products Are Redefining the Future of Large- Scale Infrastructure and Private Non-Residential Projects 02 Everglades Agricultural Area Reservoir Palm Beach County, Florida Newark International Airport Terminal B Newark, NJ Baccarat Miami, Florida I-40/I-77 Interchange Rebuild Statesville, North Carolina Data Centers Northern Virginia West Court Orlando Orlando, Florida
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Mortars Continuing to expand into new high- performance products Heavy Industrial Precast Critical materials for industrial and infrastructure projects Concrete Pipes & Wet Utility Precast Need for durable infrastructure in water supply management Slipform concreate Elongated concrete products, utilizing specialized concrete mixes Lintels The missing supporting component to out strong block presence ACM/White Cement Meeting growing demand and complementing our offerings Pavers Sustainable outdoor solutions with similarities to our block business Additives Growing demand for chemical additives in cement and concreate for high- performance and low carbon footprint Growth Through Adjacencies Near Term Under Evaluation 36 Targeting Adjacent Products and Markets for Strategic Growth New Businesses Complementing and Enhancing our Current offerings 02
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 37 M&A and Greenfield Investments a Core Part of the Titan America’s Playbook 03 Disciplined Strategy and Strong Pipeline Primarily target bolt-ons Bolster core operations Add scale Expansion into strategic adjacencies Speed to market Clear Strategic Priorities Financial Discipline Actionable Universe Accretive to margin Strong synergy potential Attractive ROACE Top line growth Leverage targets in line with best-in-class Aggregates Supporting Our Markets Novel Cementitious Materials (Clay, Pozzolans) Precast Regional Admixtures
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 38 Accelerate Transformation through Proprietary Digital Platform 04 Reinvent Operations Across Value Chain Manufacturing Supply Chain Customer Core Business Manufacturing Real Time Asset Optimizers Failure Prediction Quality Prediction Advanced Planning and Forecasting Robotics & Drone Inspections Digitalized Health & Safety Supply Chain & Customer Dynamic Logistics (AI-based) Spare Parts Inventory Optimization Digitized S&OP Network Optimization Customer Experience Digital Commercial Ops Data Foundation
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 39 Notes: LTM: Last twelve months Strategic Projects & Investments will Improve EBITDA Levels Capturing the Anticipated Market Growth 44 119 137 2020 2021 2022 2023 2024 2025 LTM CAPEX in million $ EBITDA in million $ 161 201 319 359 380 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 40 Key Takeaways A Leading, Integrated Building Materials Producer Serving the High Growth U.S. East Coast Leading Market Positions in the Eastern Seaboard Mega-Regions Powerful Multi-Year Growth Phase in the United States Strategic Flexibility from a Vertically Integrated Model In-Place Capacity and Logistics Ready to Capture Market Growth Dedicated and Proven Leadership
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Europe & Eastern Mediterranean: Accelerate Value Growth Yanni Paniaras
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 4 Multi-material Marine import hubs 42 Europe & E.MED.: Leading and profitable positions in high potential markets 2025 LTM(1) €1,176m Sales €275m EBITDA 3,172 FTEs2 2 Grinding Plants 10 Cement Plants 10 Aggregate Quarries 3 Cementitious Sites (1 JV) 42 Concrete Plants 1 Mortar Plant E.MED. Positive demographics & macro trends Western Balkans Growth through economic convergence & EU Integration Seaborne Exports Strong base for Med. & Global export markets Note: 1. LTM: Last twelve months 2. As of Sep 2025 1 Concrete Precast Plant (JV) Europe & UK Innovation driven by decarbonization
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 43 Positive Outlook with Favourable trends in all markets European Union & UK Western Balkans E. MED. Seaborne exports EU Green Deal Renewal of building stock Infrastructure demand Remittances & FDI Renewal of building stock EU backed financial support Population growth Stabilization of macros Export capabilities Mediterranean Basin as a hub for exports >€5bn Building stock renewal programs €1.5bn EU co-founded Infrastructure (GR, BU) Product innovation & decommoditization >€10bn FDIs /year €6bn Western Balkans Growth Plan >€50bn Building stock renewal >10bn Remittances /year ~120m tons cement consumption/year Currency stabilization, stronger reserves & disinflation Foreign investments ~100m tons Post-wars reconstruction Cementitious materials trading opportunities for US & Europe
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Note: 1. Based on published budgets 44 Greece & Bulgaria: Well-positioned to serve Infrastructure-led growth Current cement demand levels still below long-term average 2025 Estimate 2029 Estimate Cement Consumption in Greece & Bulgaria m tons GR & BG GR & BG ~7.5 ~8.8 >15m tons Peak 9m tons Average 1980-2000 TITAN Positioned Near the Countries’ Largest Projects TITAN’s presence Ready-mix units Quarries Ready-mix units & Quarries ~€12bn1 Investments in Ongoing Infrastructure Projects North–South Transport Corridor to Romania Sofia Plovdiv railway line, Sofia metro expansion Hellas Gold, Flyover, Port extension Thessaly infrastructure rebuild Data centers & logistics, Athens Airport extension, Ellinikon, Metro line 4 Kakavia highway Pumped Hydro-storage Kalamata airport, Methoni highway Kasteli airport & VOAK Highway Pumped Hydro-storage
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 45 Western Balkans: Leading position in a consistently strong market cluster Supported by Favorable Regional and Country Developments Economic Convergence drives high cement Consumption in Western Balkans Mediterranean Games 2030 Expo Serbia 2027 EU Access Potential to supply €18tn (GDP) for markets Energy AI & data centers Industrial supply chains Concrete Precast Plant (JV) Cement Plants Convergence of Cement Consumption GDP convergence with EU should further increase cement consumption in Western Balkans and continue the growth trajectory. GDP/Capita $k Cement Consumption in Western Balkans m tons $11 $15 Western Balkans 2025 Western Balkans 2029 Estimate Average 2025 EU $47k Convergence potential ~ 8m 2025 Estimate Average 2006-2020 8.7m tons
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 46 Western Europe: Providing innovative products to support decarbonization drive Sources: Morgan Stanley Research, Refinitiv Regulation Driving Decarbonisation… ...Visible by the Path Ahead… …Setting New Business Opportunities 10 40 70 100 130 2024 2025 2026E 2027E 2028E 2029E Carbon Price Pricing Future Carbon Prices € / t CO2 New products EU committed a CO2 55% drop by 2030 and neutrality by 2050 Carbon Boarder Adjustment Mechanism for imports in 2026 Reduction of free allowances for local producers EU Innovation Fund ca. €40bn (2020-2030) Net Zero Industry Act commitment to net-zero by 2050 Reduced Clinker Content Thermal Efficiency & Alternative Carbon Capture
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 47 Egypt & Türkiye: Competitive Hub for regional and export markets Note: 1.Based on IMF estimates and forecasts for real GDP growth in 2025-2030 in current prices Sources: Research Reports and International Statistics, IMF, Trading Economics, Central Bank of Egypt (CBE), Central Bank of Türkiye (CBT) Normalized Macroeconomic Environment Post-War Reconstruction Strong Export Potential Egypt 7% CAGR 2025-2030 real GDP(1) Türkiye 5% CAGR 2025-2030 real GDP(1) Türkiye’s FX stabilization • Improvement in FX reserves • Reduction in reliance on FX-protected instruments Egypt FX stabilization • FX reserves: up 36% in the last year • More liquid FX market: daily interbank x10 Cement exports from Egypt doubled in 2024 vs previous year • Titan exports ~30% of its production Türkiye is the 2nd largest global exporter of cement • Titan has long-term supply agreement & grinding unit close to export facilities Libya Egypt Syria Türkiye Black Sea Atlantic Sudan Algeria Niger Chad Eritrea Yemen Oman Saudi Arabia Iraq IranCyprus Bahrain Qatar United Arab Emirates Dubai Kuwait Lebanon Israel Jordan Tunisia $50Bn+ in Construction Projects deployed until 2030 across neighbour countries Titan Core Markets Potential Export Markets
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 48 Our Strategic Priorities: Sustainability-led growth in our core business, in new products and in adjacent businesses 01. Deliver Superior Growth in Core Business 02. Expand Alternative Cementitious Materials Platform 03. Invest And Scale Up New Products & Technologies Grow through vertical integration Launch value-added solutions & solutions Leverage seaborne integrated business model Capture Industrial & Supply-chain efficiencies Secure new cementitious sources Utilize for in-house green cements Develop 3rd party product outlets Invest in precast, mortars & other adjacencies Grow aggregates recycling business Develop Technologies for low and zero clinker cement
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 49 Europe: Value Growth Through Vertical Integration The Ellinikon Greece Project Riviera Galleria Ongoing Works Riviera Galleria Rendering, Project of Lamda Development Sales Breakdown Aggregates, Ready-mix, Other Cement 2024 2025 Estimate Mid-term Growth in Europe Greece Serving major projects with mobile Ready-mix units, e.g., Kasteli airport, AIA, Hellas Gold, Ellinikon Greece Expand our aggregates and ready-mix geographic footprint, e.g., Thessaly, Crete, Messinia Bulgaria Expand Ready-Mix presence in Sofia N. Macedonia Invest in dedicated Ready-mix units serving infrastructure
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 50 Europe: Launching Added Products & Solutions Note: 1.Low-carbon products: at least 25% less gross footprint compared to baseline OPC Shifting product-mix: Low-carbon high-performance products Value-added Solutions: Serving evolving customers’ needs Sales % (volumes) of Low-clinker products 33% 39% 72% 2023 2025 2029E ~x2 Alternative cementitious materials at the core of this transition >100m tons Pozzolana Reserves >6m tons Ponded Fly-ash Yali, Greece Offerings to double, reaching 25% of Ready-Mix sales 11% 25% 2025 2029E >2x >2x Margin vs Commodity-based Solutions Commercial & logistics: Flooring INTERSTEEL (powered by Dramix) Data centers DATA4Data Center Costal protection ECOCRETE: erosion protective system
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 51 Europe & EMED: Leveraging Seaborne Integrated Business Model Utilize exporting assets for low-clinker products & global exports 02. Integrated with US market & global market for exports EU & non-EU export pool; streamlining footprint in Türkiye Investment in silos in Alexandria Increased grinding capacity 01. Integrated with EU markets for Low-clinker products High value-added exports from Greek plants Footprint expansion in W. Europe with multi-product hubs Terminal sales by product - Italy Titan Exports – Egypt (tons of cement/clinker) 2023 2025 Est. 2029 Replicated model across Europe 2029 Maintaining a strong base for exports ~x4 20252021 Low CO2 products
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 52 Europe: Investing in Adjacencies Precast products Entered the precast concrete market in Bosnia Growth drivers Mortars Investing in expanding the mortars business in Greece Growth drivers <70% Reduced Manpower <30% Cost Savings <50% Faster Construction <20% Less waste & carbon Growing markets of repairs & refurbishments Major export potential in the Mediterranean Still low penetration in GR & SEE % Sales €m SKUs # 2020 2025E x3 20 205 2023 2025E x10 <5% 15-20% 40-45% GR & SEE Western Europe Nordics * Baupartner JV
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 53 Today’s High Profitability fuels tomorrow’s growth Notes: 1. LTM: Last Twelve Months Growth Capex €m Growing EBITDA €m 29 47 85 101 107 148 2020 2021 2022 2023 2024 2025E 114 124 258 2013 -2019 Average 2020-2022 Average 2023-2025LTM Average >x2 x2 profitability levels expected to further grow Since 2023 >€200m in Growth Capex and #8 bolt-on acquisitions SEE Greece EMED SEE Greece EMED
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 54 Key Takeaways Strong market drivers for decarbonization in Europe, for integration of the Western Balkans with Europe and for stability in the East. Mediterranean Investing in vertical integration, alternative supplementary cementitious, and adjacent businesses Achieved a new level of profitability and investing for further growth Well-interconnected business model in Europe & the Mediterranean coastal locations 2029 Ambition to achieve more than 50% of the sales from the new products in core markets and adjacencies, delivering superior returns & profitability
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Building Tomorrow: ACMs & Innovation for Sustainable Construction 55 Jean-Philippe Benard Leonidas Canellopoulos
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 56 Shaping the Future of Construction, while Driving Growth Unlocking Value through Alternative Cementitious Materials (ACMs) and Strategic Innovation ACMs and New Products Aging Infrastructure & Housing Shortage Tech Revolution & AI-driven demand Construction megatrends Value creation through growth and decarbonization Alternative Cementitious Materials Strategic Innovation Doubling down on 01 02 10% revenue boost from ACM new business €120m annual savings from decarbonization1 Note: 1.2021-2029
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 57 Note: 1.Scope 1: direct CO2 emissions; Scope 2: indirect CO2 emissions from electricity; Scope 3: indirect CO2 emissions of the supply chain (purchased cement and clinker is considered until 2030) 2.Absolute Scope 3 GHG emissions from the use of sold fossil fuels 24% CO2 Reduction Delivered – Accelerating Toward a Net Zero Future Tangible CO2 Reductions in Line With our Science-based Commitments Strong Track Record in CO2 Emission Reduction A Whole New Level of Ambition With Science-based Targets for Scope 1, 2 & 3 Emissions Commitment to Net Zero Developing Products and Solutions for a Carbon-neutral World Figures within the circles refer to Scope 1 net CO2 emissions (kg/CO2/t cementitious product) We set our 2030 CO2 reduction targets in line with the 1.5oC scenario 1990 2020 2025 LTM 2029–2030 2050 1990-2020 -13.7% Scope 1 (gross), 2 ,3 (1) -25.1% vs. 2020 level Scope 1 (gross), 2, 3 (1) -95.6% Other absolute Scope 3 GHG emissions -90% Scope 1 -22.8% vs. 2020 level Scope 2 -58.1% vs. 2020 level Scope 3 (2) -80.9% vs. 2020 level 672 778 588 <500 net- zero
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 58 Investing €200m: Over 100 Initiatives Driving Sustainable Transformation Accelerating Decarbonization, Innovation, and Circular Growth Across our Value Chain Economic Benefits Cost-effective energy & raw materials mix Reduced reliance on CO2 allowances Increased production capacity Green premium of cement and concrete sales ACMs in cement Alternative Fuels Operational Efficiency Green Power >50% >80% in core plants • Real-Time Optimizers • Waste-Heat Recovery • Hydrogen Injection • PPAs • Self-generation By 2030 Energy Decarbonization Clinker Substitution with Alternative Cementitious Materials >50% >25%
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 59 Unlocking €120m Annual Savings by 2029 - €35m already achieved Significantly Decarbonizing our Revenue Annual Decarbonization Savings in €m 6.5 3.8 2.7 2021 2025 2029 Kgs C02 / € revenue Kgs C02 / € revenue Kgs C02 / € revenue 2021A 2025F 2029F 35 120 Savings 2021-2024 Alternative Fuels ACM Introduction Energy Efficiency CO Savings (EU Only) Total 2021-2029 >30 >20 >20 >15 2
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 60 Doubling down on ACMs while continuing CCUS technology exploration Decarbonizing in a capital efficient way to achieve Net Zero Contributions to achieve net zero by 20501 (%) 6% 4% 5% 5% 5% 8% 36% 49% 19% 11% 15% 16% 9% 21% 44%11% 2% 3% 22% 4% 5% Category 1 Category 2 Category 3 CO sink: Recarbonation Decarbonisation of electricity CCUS Savings in clinker production Savings in cement and binder & ACM impact Efficiency in concrete production Efficiency in design and construction Note: 1.Base year is 2020 for GCCA and TITAN; 2021 for Cement Europe Doubling down on ACMs 2
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 61 Alternative Cementitious Materials: From Raw Materials to New Business Supporting our decarbonization road map and delivering high-value solutions for our customers Why Do We Need ACMs?Examples of ACMs We Handle Optimization of production cost & capacity expansion Key lever to reduce CO2 footprint Increased ACM demand in US & Europe The ACM availability paradox New solution for all customer segments Blast Furnace SlagFly Ash Natural Pozzolan Calcined Clay What are the ACMs? Materials partially replacing clinker in cement or concrete, while maintaining performance Historically A New Era Started Launching a new business
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 2030-’35 2x >+30% 62 Source: GCCA, ACA, ACAA, SGA, Company estimates Alternative Cementitious Materials: A New Business Driving Growth Placing ACMs at the core of our strategy plan The opportunity: A growing ACM market Our 2029 Ambition Our 2029 Targets Cement New added value Cement Decreased CO2 footprint Concrete 3x increase volume of ACMs used Leveraging our technology & terminals Secured ACM Reserves From 150 Mt To 250 Mt Capex Deployment € 450m ACM Volume Handled 10 Mt (over the period) New Revenues 10% of Group Revenue Today ~20 Mt ACM market ~20 Mt ACM market
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 63 Turning Vision into Action TITAN at the Forefront of Securing Reserves and Developing Infrastructure A Robust Pipeline of Global Initiatives to Continue Driving Our 2026-’29 ACM Strategy and Expand ACM Integration Into Building Materials Reserves Infrastructure Fiddler’s Ferry (UK) Circular economy: ~300 kt/yr recycled ponded ash Harnessing proprietary technology (STET) Low-carbon Cements Development From 35% to 70% non-clinker materials in cement Research & Development Tampa (USA) New capacity and flexibility: Restoration of 5 silos New dome for 70k-ton New opportunity to import ACMs Aegean Perlites (Greece) Pozzolan quarry: ~100 Mt DM Conners (USA) Clay quarry: ~10 Mt Supporting future calcined clay production line (awarded $61.7M funding by U.S. DOE) Vezirhan (Türkiye) Pozzolan quarry: ~40 Mt
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 64 Empowering Growth Through Strategic Innovation To Enable More Efficient, Safe and Sustainable Construction ACM activation and low-CO2 binders Resilient and durable infrastructures Restoration, rehabilitation and repair Alternative raw materials and fuels Materials recycling and landfill reclamation CO2 mineralization and utilization 3D printing and modular construction AI-driven concrete mix design optimization Novel chemicals for construction Solutions for Climate Change Circularity in the Built Environment Enhanced Productivity in Construction
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 65 Market-backed Innovation Pipeline Enhanced Productivity in Construction Our efforts & positioning 100+ projects across selected verticals 60+ R&D experts across the globe Turning megatrends into launch-ready products across priority verticals Focus Verticals Autonomous drones Recycled Materials Next Gen ACM 3D printing reef modules Seamless floors Carbon-negative ACMs Data Centers Industrial buildings Coastal restoration Modular Construction Solutions for Climate Change Circularity in the Built Environment Enhanced Productivity in Construction Color = Theme • Size = Peak-sales Illustrative platform-level view; timing/scale subject to prioritization & board approval Market-launch 2029+Market-launch 2025-2029 Chemistry · ACM activation · Data Scientists · Material Science · Specs/Codes Our advanced capabilities
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 66 Transforming Bold Ideas into Real-World Solutions With State-Of-The-Art Research and Customer Experience Centres, and a Strong Innovation Culture TITAN Global R&D Center, Kamari Greece TITAN AMERICA Innovation Hub, Miami, FL Center for Advanced Technologies Patra, Greece STET Technology Center Needham, MA Fostering a Culture of Ideation Ideation Challenge >10% Workforce engaged 300+ TITAN Innovators 350+ NEW Ideas
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 67 Innovation in Motion: €100m+ Investment to Pilot & Scale New Technologies Integrating Innovative Solutions and Partnerships to Accelerate Growth and Competitiveness Direct Investment in 6 startups Strategic Partnerships AI solution for industrial, real-time optimization Upcycles end-of-life concrete to produce recycled aggregates & ACMs AI solution for concrete mix design optimization Early-stage global venture fund on sustainable construction and the Built Environment Largest US-based asset manager investing in real estate and technology Transforming low-cost intermittent electricity to serve continuous demand via thermal energy storage Using CO2 emissions to transform industrial waste or natural materials into highly reactive ACMs High-performance, nature-based solutions for coastal resilience and protection LP in 2 Funds Innovative low- carbon cements with up to 70% less CO2 Oxyfuel systems by Polysius for carbon capture in the context of IFESTOS Technological innovations to decarbonize and digitalize cement manufacturing Innovative, modular waste heat recovery for cement plants
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Leading through Digital & New Technologies Samir Cairae Antonis Kyrkos
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 69 Reaching the next level of operational excellence and customer solutions €100m Savings Future ready, Customer-centric Operational excellence New Manufacturing Technologies Digitalization of Operations Shaping Tomorrow New Materials, Carbon Capture Digital Innovation
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 70 Innovating and achieving efficiency gains from Energy and Materials Building on our past success Energy Reliability Fuel Substitution Cost Alternative Fuel savings Materials Clinker reduction Our next leap forward Accelerate mature tech Waste Heat Recovery Alternative Fuels to substitute coal Expected results Superior value: part of €100m cost reduction Differentiation & Competitive advantage Introduce new tech New Materials: Calcined clay, Alternative Materials CO2: Carbon Capture & Storage Center for Advanced Technologies in Patras Efficiency & Transformation
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 71 Turning Waste into Energy Waste Heat Recovery Alternative Fuels Captures waste heat to produce energy Currently 50% of heat is wasted to the atmosphere Benefits Circular Economy: Waste to Energy Reduce dependency on pricing volatility Reduce cost 5 Installations planned €75m CapEx allocated €15m/year Cost Reduction Accelerating Usage of waste fuel New generation dryers, Hydrogen, Hi-tech flow modelling Benefits Resilience: Reduce dependency on fossil fuel pricing Circular Economy Reduce cost 50% Substitution target €90m CapEx allocated €30m/year Cost Reduction
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 72 Investing and Partnering to scale up Next Gen Materials for emerging customer needs Thermal Activation Mechanical Activation Calcined Clay Benefits 83% CO2 reduction (vs clinker) Adapt New Technologies for smart materials Benefits Capacity expansion Solving Resource Scarcity 30% Cost reduction Project in Roanoke Plant 300 kt Improved concrete strength & durability Increase alternative materials Utilize unusable mineral resources No CO2 process emissions Pilot at Patras Plant with Thyssenkrupp (Polysius)
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 73 Leading Innovation at Scale: IFESTOS Largest cement carbon capture project in Europe Liquefaction Ship Transport Permanent Geological Storage Capture Kamari plant, Greece • ~3.0m tonnes of zero-carbon cement • 1.9m tonnes of CO2 p.a. (~15% Group emissions) Benefits • Engineering studies ongoing • Most capital to be deployed post 2030 Progress Funded by the EU Innovation Fund with €234m
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 74 Building the future: Designing high-performance materials Patras Center for Advanced Technologies Driving a technology funnel across different horizons 10 Early Stage 5 Emerging 4 Established
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Data, Cloud & Security Backbone Achievements Plan >300 champions 80% digitally-enabled assets 3 digital start-ups Digitize end-to-end Customer excellence Operations Customer People New business Top 5% in manufacturing digitalization €30m Investments €30m p.a. Recurring benefit 75 Leading in digitizing end-to-end the building materials industry
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 76 Scaling up solutions, driving continuous operational excellence gains & future readiness Unique Products & Solutions Production Optimization Reliability Ready-mix Operations Customer Real Time Optimizers Quality optimization 80% of assets covered >€10m p.a. benefit Predictive maintenance 100% of assets covered >€15m p.a. benefit Logistics Mix-design 10% productivity improvement >$1/cy benefit Rolling out in US and Greece Customer portals Push notifications 100% of BUs with customer app > 90% user satisfaction1 30% inbound call reduction2 Note: 1.where fully rolled out 2.where push notification enabled
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 77 Becoming an Agentic Enterprise: scaling up GenAI based on our proven model Deployed Solutions GenAI Applications Under Development >20% of Staff Enabled by GenAI Coding Assistant Reporting & Analytics Assistant Customer Care Agent Enterprise Processes Agents Cement Production Agent Maintenance Agent
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 78 Establishing new Digital Business Models: TITAN’s digital business Note: 1. Portion of the target market that could realistically be obtained Global reach Serving clients in 4 continents 2 Service centers Best-in-class solutions AI optimization & Predictive maintenance €300m-€500m Addressable market1 By the cement industry, for the cement industry “ “
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Academia03 Collaboration on Digital Innovation Launch topic: Digital Twins 79 Accelerating our unique approach to Innovation Digital Accelerator Thessaloniki01 Startup Ecosystem/ VC 02 Industrial AI: real-time optimization AI solution for concrete mix design optimization Smart robotics GenAI for Smart Manufacturing
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 80 Our Digital Transformation Targets Operational Efficiencies +50-100bps EBITDA margin uplift Sales orders through digital channels >80% Employees digitally upskilled 100% Digital Innovation/ R&D 2+ new GenAI solutions p.a. ROI > 5x
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 81 Actively shaping the future of the industry Technology Patras Center driving next-gen materials IFESTOS: Largest European cement CCS Operational Excellence €100M cost reduction Energy & Materials Future Ready ROI >5x from digital & AI initiatives Fully digital enterprise Fit for the Future!
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Delivering on Commitments & Creating Lasting Shareholders Value 82 Michael Colakides John Ioannou
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 2,282 2,547 2,644 2,672* 83 Notes: 1. 2024 EBITDA: Adjusted for the one-off costs of the US IPO and a retirement program in Greece & Western Europe 2. 2025 Sales & EBITDA after the sale of Adocim in Türkiye in May 2025. 3. 2025LTM Sales, adjusting for Adocim sale and FX impact 4. LTM: Last Twelve Months as of Sep ’25 Sales growth supports higher EBITDA growth (CAGR 23%) exceeding target Group Sales €m Group EBITDA €m 2022 2023 2024 2025 LTM 2026 7% CAGR 331 540 592 617 14.5 21.2 22.4 23.1 2022 2023 2024 2025 LTM 2026 EBITDA Margin (%)EBITDA 23% CAGR 3,000 > 10% p.a. * Not adjusted for any FX impact and the sale of Adocim in 2025 ~ 2,8003
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 84 Notes: 1. 2024 EBITDA: Adjusted for the one-off costs of the US IPO and a retirement program in Greece & Western Europe 2. 2025 Sales & EBITDA after the sale of Adocim in Türkiye in May 2025. 3. Corporate Center expenses charged to Greece & Western Europe 4. LTM: Last Twelve Months as of Sep ’25 Double Digit Profitability Growth Across All Regions USA €m Greece & Western Europe €m Southeastern Europe €m Eastern Mediterranean €m 386 414 95 154 256 253 20 57 1,306 1,496 185 342 334 509 32 65 2022 2025 LTM 2022 2025 LTM 2022 2025 LTM 2022 2025 LTM 23% CAGR 26% CAGR 17% CAGR 42% CAGR EBITDASales 2
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme €1.5 €3.6 €4.2 3.2 85 Notes: 1. LTM: Last Twelve Months as of Sep 2025 2. ROCE: EBIT/ Average Capital Employed = Net Debt + Equity 3. ROCE & EPS 2024: Adjusted for the one-off costs of the US IPO and a retirement program in Greece & Western Europe and for the goodwill impairment in Türkiye. 4. EPS 2025LTM: €4.3 Like-for-Like (excluding the impact from the sale of Adocim, impairment in Türkiye in 4Q24 and the minorities from Titan America) Returns on Capital Employed & Earnings per Share more than doubled vs 2022 Group ROCE2 (%) Group EPS (€) 2022 2023 2024 2025 LTM 2026 2022 2023 2024 2025 LTM 2026 > x2 7.0% 16.9% 17.8% 17.7% 44% CAGR €4.3 12.0% €3.0
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 86 Stronger Balance Sheet with Lower Leverage & Improved Credit Ratings Leverage Credit Rating 684 713 797 660 622 302 759 735 903 934 745 694 2.4 2.6 2.4 1.2 1.0 0.5 -0.2 0.8 1.8 2.8 3.8 0 400 800 Q4 2020 Q4 2021 Q4 2022 Q4 2023 Q4 2024 Q3 2025 2026 Target Net Debt (€m) Gross Debt (€m) Net Debt/EBITDA 2026 Target 1.5x – 2.0x Net Debt / EBITDA BB+ / positive outlook (November ‘25) BB+ / positive outlook (October ‘25)
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 87 Overperforming Peers Since 2022 in Both Sales and EBITDA Profitability Growth 4% 3% -1% 4% 0% -5% 4% 1% 3% Peers include: Sales Growth (2022 – 2024 CAGR) 8% 20% 17% 9% 11% 10% 1% 14% 12% 5% 32% EBITDA Growth (2022 – 2024 CAGR) TITAN Peers USPeers EU & Global US: Eagle Materials, Martin Marietta, Vulcan EU & Global: Buzzi, Vicat, Cementir, CRH, Heidelberg Materials, Holcim TITAN Peers USPeers EU & Global
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 88 Notes: 1. 2024 EBITDA: Adjusted for the one-off costs of the US IPO and a retirement program in Greece & Western Europe Investing for Growth, while Generating Growing Returns Group Capital Allocation (€m) Returns to Shareholders (€m) 1,594 495 102 12 397 EBITDA 2023-2025 YTD Non-Cash Items (361) Operating WC CapEx Disposals (Net) Returns to Shareholders Decrease in Net Debt Tax, Interest & Other FX Impact on Net Debt (244) 2023-2025 YTD Discretionary Free Cash Flow €1,128m (325) (660) (381) 38 45 63 7724 15 22 154 12 Dividend Share BuybackSpecial Dividend +58% CAGR 62 60 86 243 2022 2023 2024 2025 Focusing on growth CapEx and returns to shareholders Target Growth >10% YoY
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 89 Shaping the Next Chapter of Profitable Growth Proven performance, Strong foundation, Positioned for the Next Chapter of Profitable Growth 2025 – 2029 Key financial priorities Consistent Margin Expansion Robust Balance Sheet Growth Oriented Capital Allocation Sector Top Returns Shareholder Value Creation
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme EBITDA Margin 2,672 90 Notes: 1. 2025 Sales & EBITDA include the impact of the sale of Adocim in Türkiye in May 2025 Top-line growth and cost initiatives drive Margin Expansion Group Sales (€m) Group EBITDA (€m) Sales 2025LTM 6% - 8% CAGR Volume/price & Mix effect New Business Sales 2029 > 600 > 200 €4bn Ambition 617 >150 >100 >50 EBITDA 2025 LTM Volume/price & Mix effect Cost Initiatives EBITDA 2029 New Business 11% - 13% CAGR €1bn Ambition 23.1% > 26%
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 91 Note: 1. Strong Cash Generation: EBITDA adjusted for Non-Cash, WC, FX, Tax & Interest Robust Balance Sheet Provides Ample Funding Capacity for Growth Investments Additional Debt Capacity of € 1.0 - 1.5 bn Total Firepower Capacity € 3 - 4 bn Net Debt / EBITDA x 0.5x 1.5x - 2.0x 2025 Q3 2029 Funding Capacity € bn € 2.7 € 1.0 - 1.5 € 3 - 4 Strong Cash Generation Additional Funding Capacity Total Firepower + € 1.0 - 1.5 bn Low Leverage Upgraded Credit Rating Long-term Bond maturities
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 92 Growth-Oriented Capital Allocation Uses of Capital for 2026 - 2029 € 3 - 4 bn To be deployed 2026-29 Prioritize Growth Investments with… Attractive ROCE Maintain Best in-Class Assets Disciplined Dividend Policy 37% 35% 14% 14% Up to €3 bn Growth Investments M&A Growth CAPEX Maintenance CAPEX Shareholder Returns Capital Allocation Principles
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 93 Up to €3 bn in Organic and Inorganic Growth Investments Execution Principles Growth Investments Sales Expansion Volume growth with improved product mix Attractive ROCE / Accretive to margin Operational Cost Efficiencies Energy & Raw materials’ cost improvement Cost reduction of Logistics, Storage and SG&A Disciplined M&A Activity Strengthen Core operations and Drive Synergies Expand in Adjacencies and Increase Bolt-ons Up to €3bn Precast Mortars/Chemicals Innovation/CVC Digital Technologies Cement Aggregates Ready-Mix Core Business New products & Technologies Alternative Cementitious Materials Platform
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 94 Notes: 1. ROCE: EBIT/ Average Capital Employed = Net Debt + Equity 2. Peers include: EU & Global: Buzzi, Vicat, Cementir, CRH, Heidelberg Materials, Holcim and US: Eagle Materials, Martin Mariet ta, Vulcan 3. ROCE: Adjusted for the one-off costs of the US IPO and a retirement program in Greece & Western Europe, and the goodwill impairment in Türkiye Continue delivering sector top returns Group ROCE1 17.8% 13.6% 16.6% EU & Global Heavy Majors Peers2 US Peers2 15% - 17% 2024 (%) 2029 (%)
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 95 Notes: 1. LTM: Last Twelve Months as of Sep 2025 2. EPS 2025LTM: €4.3 Like-for-Like (excluding the impact from the sale of Adocim, impairment in Türkiye in 4Q24 and the minorities from Titan America) 3. Shareholder Returns 2025: Special dividend not included Creating Long Term Value for Shareholders Double Digit Dividend Growth Group Earnings Per Share (EPS) (€) Shareholder Returns (€m) €1.5 €4.3 38 77 24 12 €5-6 > 10% p.a. €62 €89 2022 2025 3 20292022 2025 LTM 2029 Dividend Share Buyback
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 96 Notes: 1. ROACE: EBIT/ Average Capital Employed = Net Debt + Equity Why Invest in us? 2025 – 2029 01 02 03 Proven ability to execute, deliver and outperform Clear Capital Allocation Framework, driving profitable growth Strategic pipeline of value accretive opportunities Sales 6% - 8% CAGR EPS €5-6/share Net Debt /EBITDA 1.5x - 2.0x EBITDA 11% - 13% CAGR ROCE1 15% - 17% Credit Rating > =BB+ €3 - 4bn Capital to Deploy
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Closing Remarks Marcel Cobuz
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No content left of this line No content right of this line Source and Footnotes Guideline Place content below this line Place content below this line 0 – 67 - 126 51 - 108 - 153 181 - 202 - 0 0 - 106 - 182 120 - 191 - 38 34 - 50 - 110 Place Title below this line Place Title below this line Title placeholder should not run over the logo No logo above this line Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 98 Delivering on Commitments, Creating Lasting Value Overperforming Peers Since 2022 in Both Sales and EBITDA Profitability Growth Sales Growth CAGR 2022-2025 September LTM, reported figures EBITDA Growth CAGR 2022-2025 September LTM, reported figures 5.4% 1.5% 3.3% Titan Europe & Global Peers(3) US Peers(3) 23.1% 5.4% 8.7% Source: Capital IQ Note: 1. LTM: Last Twelve Months as of Sep 2025 2. 2025 Sales & EBITDA include the impact of the sale of Adocim in Türkiye in May 2025. 3. Peer Europe & Global include: Buzzi, Cementir, CRH, Heidelberg Materials, Holcim, Vicat, and Peer US include: Amrize, Eagle Materials, Martin Marietta, Vulcan
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 99 Source: Capital IQ Notes: 1. Valuation based on Capital IQ EBITDA Estimates 2. Titan Group ex-USA EBITDA = Titan Group EBITDA – Titan America EBITDA 3. Titan America EV calculated based on consensus 2025E EBITDA and the following peer multiple median: Vulcan Materials Company, Martin Marietta Materials, Inc, Eagle Materials Inc., Amrize AG 4. Titan Group EV calculated based on consensus 2025E EBITDA and the following peer multiple median: Buzzi S.p.A, Vicat S.A, Cementir Holding N.V,, Holcim AG, Heidelberg Materials AG Trading at significant discount to SOTP Market Cap. in €bn Current Market Cap. Implied Market Cap. 7.5x EXCL USA 2.0x TITAN US TITAN Ex-US €3.1 14.5x 7.7x TITAN US TITAN Ex-US €7.0 EXCL USA Implied Valuation based on 2025E US Comps Valuation Implied Valuation based on 2025E EU Comps Valuation 5.1x EV / EBITDA 2025E 11.7x EV / EBITDA 2025E
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Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 100 Growth Plan 2029 Key Takeaways Outperformed the markets since 2022 Achieved 2026 targets 1 year in advance & Top TSR Valuation Gap above x2 current Market Cap. Positioned for Value growth in Europe & US Able to deploy €3-4bn mainly for growth Targeting Double-digit profitability & Top returns Alternative Cementitious Materials Technology & AI Financial strength
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Appendix
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No content left of this line No content right of this line Source and Footnotes Guideline Place content below this line Place content below this line 0 – 67 - 126 51 - 108 - 153 181 - 202 - 0 0 - 106 - 182 120 - 191 - 38 34 - 50 - 110 Place Title below this line Place Title below this line Title placeholder should not run over the logo No logo above this line Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 102 Chair of the Board of Directors Dimitri Papalexopoulos Chair of the Group ExCo Marcel Cobuz Chair of the Board Strategy Committee Alexandra Papalexopoulou Dimitri Papalexopoulos is the Chair of the Board of Directors of Titan Cement International S.A., since January 1st, 2023. Dimitri started his career as a business consultant for McKinsey & Company Inc. in the USA and Germany. He joined Titan Cement Company S.A. in 1989 and served as the Group’s CEO between 1996 and 2019. From 2019 until 2022, he served as Chair of the Group Executive Committee of Titan Cement International S.A. He is Chairman of the Board of the Hellenic Federation of Enterprises (SEV), Vice-Chairman of the European Round Table for Industry (ERT) and chairs the ERT’s Energy Transition and Climate Change Committee. He is a member of the Board of the Foundation for Economic and Industrial Research (IOBE), the Hellenic Foundation for European and Foreign Policy (ELIAMEP) and of Endeavor Greece. He holds a M.Sc. in Electrical Engineering from the Swiss Federal Institute of Technology (ETHZ) and an MBA from Harvard Business School. Marcel Constantin Cobuz is Chairman of the Group Executive Committee of Titan Group, since October 15th, 2022. He has more than 20 years of experience in international leadership, innovation and transformation roles. He started his career in the field of investment banking and as an entrepreneur in Romania. In 2000, he joined Lafarge, a major multinational company in building materials, where he served in various leadership roles in Europe, Asia, Middle East and Africa. His last role was CEO Europe for LafargeHolcim. During his career he has also served on Boards of different businesses, and not-for-profit education organizations. He studied Law and Economics in Bucharest, completed the Harvard Business School Advanced Management Program and attended executive programs at INSEAD, IMD and Singularity Group. Alexandra Papalexopoulou is an Executive Member of the Board of Directors of TITAN SA and Chair of the Board Strategy Committee. Her career began as an analyst for the Organization for Economic Co- operation and Development (OECD) and later as an associate at the consulting firm Booz, Allen & Hamilton in Paris in the early 1990s. Joining TITAN Group in 1992, she started out in international trading and business development, then headed Strategic Planning, before becoming Deputy Chair of the Group Executive Committee. Currently she is an independent, non-executive director of Aegean Group and in the past has served as an independent member of the board in various companies, including Coca-Cola HBC, National Bank of Greece and others. She is also a member of the Board and Treasurer of the Paul and Alexandra Canellopoulos Foundation and serves on the Board of Trustees of INSEAD Business School. She holds a BA in Economics from Swarthmore College, USA, and an MBA in Business Administration from INSEAD, France Presenters’ CVs
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No content left of this line No content right of this line Source and Footnotes Guideline Place content below this line Place content below this line 0 – 67 - 126 51 - 108 - 153 181 - 202 - 0 0 - 106 - 182 120 - 191 - 38 34 - 50 - 110 Place Title below this line Place Title below this line Title placeholder should not run over the logo No logo above this line Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 103 President & CEO Titan America Bill Zarkalis Group Chief Executive Cementitious & Energy Jean Philippe Benard CEO Europe Yanni Paniaras Bill Zarkalis, in addition to his responsibilities as President and CEO of Titan America LLC and Chairman of Separation Technologies (STET) since 2014, has assumed the broader leadership role of Group Chief Operating Officer (COO) and oversight of joint venture Apodi in Brazil. He is a business executive with an international career, having led diverse global teams across all continents while located mostly in the USA and Switzerland. He dedicated 19 years to The Dow Chemical Co., where he started in commercial roles, growing in experience through a fast succession of global Marketing and Product management responsibilities, culminating into global business-unit leadership roles. Among others, he served as Vice President of Dow Automotive, M&A Leader for DuPont-Dow Elastomers, Global Business Director for Dow Specialty Plastics & Elastomers, and Global Business Director for Dow Synthetic Latex. He joined TITAN in 2008 as Group Executive Director for Business Development and Strategic Planning. In 2010 he became the TITAN Group Chief Financial Officer, where he served until 2014 before moving into his current role leading Titan America. He holds a BSc in Chemical Engineering from the National Technical University of Athens and a MSc. from the Pennsylvania State University. He has completed advanced leadership, business management, and industrial marketing programs at INSEAD, IMD, and Michigan Ross. Jean-Philippe BENARD, a French national, joined Titan in May 2023, looking after Supply Chain and Energy Projects, and has been recently appointed Chief Executive Cementitious Business & Energy, member of the Executive Committee, with the task to develop new business in cementitious and realize the electricity transition of Titan towards greener energy. He started his career 30 years ago, and build strong experience in the fields of energy, waste management, steel and cement, in positions with P&L responsibility, as well as in performance, global procurement and supply chain management, in global companies such as Suez, LafargeHolcim, Saint Gobain and Arcelor. Before joining Titan, he served as Chief Performance Officer at Suez and after its merger with Veolia he joined the Meridiam Infrastructure Fund to oversee energy projects. He holds an engineering degree from the Ecole Nationale des Ponts et Chaussees and a Master’s from the Universite Pierre et Marie Curie in France. Jean-Philippe is based in Athens, Greece Yanni Paniaras studied Civil Engineering at Imperial College (BSc, MSc) and Business Administration at INSEAD (MBA). He started his career at Knight Piésold, an international mining and engineering consultancy headquartered in London. Between 1998 and 2015, he held senior management positions in Greece and Germany in S&B Industrial Minerals Group and – in 2015 – in its new parent company, Imerys. He concluded his term there as Vice President of the former S&B Division and Managing Director of S&B Industrial Minerals S.A. In January 2016, Yanni Paniaras joined the management of TITAN Group, where he has led, since 2020, its European business as well as Group Sustainability. From 2016 to 2021 he served as Chairman of the Business Council for Sustainable Development of the Hellenic Federation of Enterprises (SEV). Since 2022, Yanni is serving on the Board of Quest Holdings S.A. as an independent non-executive Director and Chair of its Board sustainability committee. Presenters’ CVs
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No content left of this line No content right of this line Source and Footnotes Guideline Place content below this line Place content below this line 0 – 67 - 126 51 - 108 - 153 181 - 202 - 0 0 - 106 - 182 120 - 191 - 38 34 - 50 - 110 Place Title below this line Place Title below this line Title placeholder should not run over the logo No logo above this line Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 104 Chief Innovation & Sustainability Officer Leonidas Canellopoulos Chief Technology Officer Samir Cairae Chief Digital & Strategy Officer Antonis Kyrkos Leonidas Canellopoulos is the Chief Innovation & Sustainability Officer of TITAN Group. He is also responsible for Group Corporate Affairs. Since 2012, he has covered various roles within the Group’s Finance and Strategic Planning functions and has served as Cement Operations Director of the Group’s Greek Region. Prior to that, he worked for Separation Technologies LLC and Alpha Bank. He is a member of the Board of Directors of the Foundation for Economic and Industrial Research (ΙΟΒΕ) and Vice Chair of Junior Achievement Greece. He holds a BA in Economics with Honors from Harvard University and an MBA from INSEAD, where he received the Henry Ford II Prize. Samir Cairae is the Chief Technology Officer at Titan Group spearheading the company’s industrial transformation and new technologies. He is a global business and technology leader with over 25 years of experience driving growth, operational excellence, innovation, and decarbonization across the metals & mining, energy, and cement sectors. Before joining Titan, he was Managing Director, Aluminum with Rio Tinto where led a multi-billion dollar P&L across Europe and North America. He has held senior executive roles with Lafarge, Vedanta, and Schlumberger managing P&Ls, leading global industrial portfolio, accelerating technology development and scale- ups, advancing zero-carbon technologies such as world’s first zero- carbon aluminum and Carbon Capture in cement and creating partnerships. He holds a B.tech. from Indian Institute of Technology, India, and an MBA from HEC, France, and has attended executive leadership programs at Harvard Business School and Stanford. Combining strategic foresight with hands-on operational leadership, he has lived in Asia, Europe and North America. Antonis Kyrkos joined Titan Cement Group in 2015. He is Titan’s Chief Digital and Strategy Officer, a member of the Group’s Executive Committee, head of the Group’s Digital Center of Competence and head of Group IT. He is also the Convenor of the Energy Transition and Climate Change Working Group of the European Round Table for Industry (ERT). Before Titan, Antonis spent 15 years in McKinsey (in both London and Athens), 7 of them as a partner, serving a multitude of service, technology, industrial and private equity clients across EMEA, with an emphasis on operations, large scale transformations, organization and strategy. He was also a regional leader of McKinsey’s EMEA Service Operations practice. Antonis received a PhD in Biology from Oxford University, where he was a Rhodes Scholar and a Leventis Foundation Scholar. He also holds an Executive Certificate in Management and Leadership from the MIT Sloan School of Management. He has authored several scientific papers in peer- reviewed journals and presented in international conferences. His first degree is a Bachelor of Biology from the University of Athens, where he graduated with highest distinction. Presenters’ CVs
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No content left of this line No content right of this line Source and Footnotes Guideline Place content below this line Place content below this line 0 – 67 - 126 51 - 108 - 153 181 - 202 - 0 0 - 106 - 182 120 - 191 - 38 34 - 50 - 110 Place Title below this line Place Title below this line Title placeholder should not run over the logo No logo above this line Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme 105 Managing Director of Titan & previous Group CFO Michael Colakides Group CFO John Ioannou Michael Colakides started his career at Citibank Greece where he worked for 14 years, and over time held the positions of Head of FIG and Head of Corporate Finance and Local Corporate Banking (1979–1993). In 1993, he was appointed Executive Vice Chairman of the National Bank of Greece responsible for the Corporate and Retail Banking business, the domestic and international branch network, and was Chair/member of senior committees. In 1994, he joined TITAN Cement Company S.A., where he held the position of Group CFO and executive member of the Board until 2000. He was also responsible for a number of cement company acquisitions in Southeast Europe, Egypt and the USA.From 2000 to 2007, he served as Vice Chairman and Managing Director of Piraeus Bank S.A. overseeing the domestic Wholesale and Retail Banking business, as well as the group’s international network and activities. In 2007, he joined EFG Eurobank Ergasias S.A. assuming the position of Deputy CEO – Group Risk Executive Officer (2007–2013) overseeing the risk management functions of the Group in Greece and abroad. In January 2014, he returned to TITAN Cement Group assuming the position of Group CFO and executive member of the Board of Directors. In July 2019, he was also appointed to the position of Managing Director of Titan Cement International S.A. As of November 2021, he is non-executive Chairman of Alpha Bank Cyprus. He holds a BSc in Economics from the London School of Economics and an MBA from the London Business School. John Ioannou is an internationally accomplished senior executive and board advisor with over 30 years of experience in financial, strategic, and transformational leadership across diverse industries and geographies, including Europe, the Middle East, and the United States. In the past, he held CFO and strategic planning roles for over 16 years at PepsiCo, across Greece, Spain, the United States, and Russia. He has also served as Group CFO for 12 years at family-controlled conglomerates in the Middle East, supporting international expansion as well as diversification of business scope. He built startup ventures to unicorn status and played a pivotal role in guiding a successful NASDAQ IPO. He started his career with Arthur Andersen in London where he qualified as a Chartered Accountant with the Institute of Chartered Accountants in England and Wales. Mr. Ioannou holds an MBA and a BSc (Hons) in Marketing from Florida State University, USA. He also holds a Leadership Coaching Certification and a Corporate Governance Diploma from INSEAD. Presenters’ CVs
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No content left of this line No content right of this line Source and Footnotes Guideline Place content below this line Place content below this line 0 – 67 - 126 51 - 108 - 153 181 - 202 - 0 0 - 106 - 182 120 - 191 - 38 34 - 50 - 110 Place Title below this line Place Title below this line Title placeholder should not run over the logo No logo above this line Default Footer text on all slides is blank – to update / remove use Insert Tab Header & Footer Enter / change text Click Apply All. Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme By accessing this presentation, you acknowledge that you have read, understood and accepted the terms of this disclaimer. This presentation (“the Presentation”) has been prepared by Titan SA (the “Company” and together with its subsidiaries, “the Group”) is being provided for informational purposes only and is intended solely to facilitate a discussion with the recipient. The Presentation includes general background information about the activities of the Group at the date of the Presentation. The information in the Presentation is provided in summary form only and does not purport to be complete, nor does it contain all the information that is or may be material to investors or potential investor. The Presentation does not constitute, or form part of, any offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of, or any solicitation of any offer to underwrite, subscribe for or otherwise acquire or dispose of, any debt or other securities of the Company or the Group (the "Securities") and is not intended to provide the basis for any credit or any other third-party evaluation of Securities. If any such offer or invitation is made, it will be done so pursuant to separate and distinct offering materials (the "Offering Materials") in compliance with applicable law and any decision to purchase or subscribe for any Securities pursuant to such offer or invitation should be made solely on the basis of such Offering Materials and not on the basis of the Presentation. Although the information contained in the Presentation has been obtained from sources which the Company believes to be reliable, it has not been independently verified and no representation or warranty, express or implied, is made and no responsibility is or will be accepted by the Company or the Group as to or in relation to the accuracy, reliability or completeness of any such information. Neither the Company nor the Group will be responsible for any consequences resulting from the use of this presentation as well as the reliance upon any opinion or statement contained herein or for any omission. The Presentation may contain forward-looking statements relating to the Group’s future business, development and economic performance. Any such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Group’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Any such forward-looking statements will be based on numerous assumptions regarding the Group’s present and future strategies and the environment in which the Group will operate in the future. Further, any forward-looking statements will be based upon assumptions of future events which may not prove to be accurate. Any such forward-looking statements in this presentation will speak only as at the date of the presentation and neither the Company nor the Group assume any obligation to update or provide any additional information in relation to such forward-looking statements. The information, statements and opinions contained in the Presentation do not constitute an offer to sell or a solicitation of an offer to buy any securities, and are not for publication or distribution in, the U.S. or to persons in the U.S. (within the meaning of Regulation S under the US Securities Act of 1933, as amended), Canada, Japan, Australia or any other jurisdiction where such distribution or offer is unlawful. Any failure to comply with the foregoing restrictions may constitute a violation of securities laws. This Presentation has not been approved, by an authorised person for the purposes of section 21 of the UK Financial Services and Markets Act 2000 (the FSMA). This Presentation is not allowed to be distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of the Presentation is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may only be communicated to (1) those persons who are existing members or creditors of the Group or other persons within Article 43 of the Financial Services Act 2000 (Financial Promotion) Order 2005 and (2) any other persons to whom the Presentation may lawfully be communicated. The Presentation may contain confidential information and therefore, the Presentation must not be reproduced, redistributed or passed on to any other person or published, in whole or in part, for any purpose without the prior written consent of the Company. The Presentation is not intended for use by any person or entity other than the recipients and/or in any jurisdiction or country where such use would be contrary to local law or regulation. The Company’s registered office is Place Sainte-Gudule 14, Signature City Centre, office 117, 1000 Brussels, Belgium. 106 Legal Notice/Disclaimer