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November 5th, 2026 Investors’ & Analysts’ Presentation Financial Results 9M 2026 T I T A N G R O U P 9M 2026 Results – Investors' & Analysts' Presentation 1
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Today’s Presenters 9M 2026 Results – Investors' & Analysts' Presentation 2 Marcel Cobuz Chair Group ExCo John Ioannou Group CFO
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Robust nine-month sales growth across all regions drives strong Group performance Profitability gains in Greece, Southeastern Europe and Eastern Mediterranean Sales +9%, driven by solid organic & inorganic growth EBITDA +2%, with growth across all regions, ex-US, impacted by one-offs, adverse weather and softer demand & pricing, particularly in Florida Net profit +9% (adjusted), at €242m Guidance 2026: High single-digit sales growth & mid-single-digit EBITDA growth 3 Acquisitions generated €28m of EBITDA; margins already improving & further gains expected as integration progresses PRIME YTD benefits on track, already delivering ~€40m. Building on this momentum we raise our 2029 target by €50m to €150m. Executive Summary 9M 2026 Results – Investors' & Analysts' Presentation Titan’s three large capex projects continue to progress: • Second production line in Traçim, Türkiye • Calcined clay production in Virginia, US • Carbon Capture project iFESTOS, Greece
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9M 2026 Results 01
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Financial Highlights Strong nine-month sales growth in all regions; increased profitability in Greece, SEE & East Med. 1 Like-for-Like (LfL): Constant exchange rates and scope 2Adjusted Net Profit after Taxes & Minorities: one-off scope change (€51.9m) due to the sale of operations in Eastern Turkey - Adocim – in 2025 9M’26 PERFORMANCE €2.19bn Sales +9% reported +5% LfL1 €482m EBITDA +2% reported −2% LfL1 €242m NPAT +9% adjusted2 +42% reported Top-line growth and portfolio resilience supported reported results; organic profitability reflected US and energy-cost pressure. Q3’26 SNAPSHOT PRESSURE POINT €769m Sales +13% +2% LfL €170m EBITDA −9% −18% LfL €89m NPAT −13% €769m Sales +13% reported +2% LfL1 €170m EBITDA −9% reported −18% LfL1 €89m NPAT −13% Pressure concentrated in the US, where cost inflation and one-offs outweighed pricing. STRATEGIC & FINANCIAL PROOF POINTS INVESTING FOR GROWTH €248m CapEx YTD Productivity, growth and energy efficiency ACCELERATING M&A VALUE ~€700m Invested Three integrations; ~€28m YTD EBITDA contribution FINANCIAL FLEXIBILITY 1.56x Net debt / EBITDA €958m net debt | Investment grade achieved SHAREHOLDER METRICS €3.25 EPS | +9% adj.2 €1.10 DPS | paid in July FY26 OUTLOOK & VALUE CREATION GROWTH OUTLOOK High single-digit EBITDA M&A SYNERGIES RAMP-UP ~€28m → €45m → >€100m YTD FY26 2029 PRIME Targeted from cost & self-help measures FY26 INVESTMENT ~€300m CapEx Focused on growth and strategic projects €40m → ~€60m → >€150m YTD FY26 2029 59M 2026 Results – Investors' & Analysts' Presentation EBITDA contribution Sales Mid-single-digit
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Group Sales Organic growth across all regions, supported by recent acquisitions 71 0 Scope effect ’25 4 FX 2025 LfL 10 Organic Growth 698 2026 LfL Scope effect ’26 2026 684 688 769 2025 +2% Reported +13% 96 152 (24) Scope effect ’25 (48) FX 2025 LfL Organic Growth 2,037 2026 LfL Scope effect ’26 2026 2,013 1,941 2,189 2025 +5% Reported +9% LfL LfL Q3 20269M 2026 EUR m 69M 2026 Results – Investors' & Analysts' Presentation EUR m
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Q3 20269M 2026 Group EBITDA YTD profitability +2% supported by the successful integration of M&A Cost inflation and one-off events impacted heavily profitability in Q3 15 0 Scope effect ’25 1 FX 2025 LfL -33 Organic Growth 2026 LfL Scope effect ’26 2026 187 188 155 170 2025 -18% 28 (2) Scope effect ’25 (8) FX 2025 LfL -9 Organic Growth 454 2026 LfL Scope effect ’26 2026 474 463 482 2025 -2% Reported +2% LfL LfL EBITDA Margin EBITDA Margin 27.3% 22.1% 23.5% 22.0% Reported -9% 9M 2026 Results – Investors' & Analysts' Presentation 7 EUR m EUR m
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Project PRIME | Upgrade our target set for 2029 to €150m On track to overdeliver the initial 2029 target of €100m cost and self-help benefits 9M 2026 Results – Investors' & Analysts' Presentation 8 €40m Savings delivered year-to-date ~€60m FY26 estimate €150m 2029 new cumulative ambition €100m 2029 cumulative target, on track to exceed Four workstreams, one umbrella All initiatives under systematic tracking, validation and performance management 01 Industrial Plant efficiencies - operational excellence - energy 02 Digital Automation - digital transformation - AI initiatives 03 Procurement Strategic sourcing - category management - supplier value creation 04 Operational Pricing adjustments - professional expenses - local productivity PRIME savings partially offset cost inflation; selective pricing discipline supports margin. 150 1H26 3Q26 9M26 4Q26 ~60 FY26 Est. FY29 FY29 - New Cumulative Ambition 40 100 Cost efficiencies Pricing Path to the 2029 target, EUR m cumulative PRIME is evolving from a cost program into a Group-wide performance platform, combining near-term delivery with structural efficiency improvement.
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Reducing structural exposure to energy inflation PRIME remains important, but sustained energy inflation requires additional measures Energy costs are rising and expected to remain elevated Pricing headroom is limited Particularly in the US Structural exposure needs a structural response beyond pricing OUR RESPONSE: THREE HORIZONS INITIATIVES / PROJECTS 2026 Secure near-term cost mitigation • PPA in Greece covering 50% of electricity needs • Selective investments in Solar parks within SEE • Flexible electricity sourcing across SEE 1 Reduce volatility and protect FY 2026 profitability SCALE IN 2027 Expand renewable sourcing and storage • Türkiye solar: 100MW solar plant operational 2Q27 • Egypt solar PPA: 21MW , c. 12% coverage of Beni-Suef • Storage solutions in Greece & SEE 2 Increase renewable coverage and reduce spot exposure STRUCTURALLY TRANSFORM Lower long-term energy dependency • Scale alternative fuel substitution • Develop electricity storage capacity • Assess Wind park investments in Greece and SEE 3 Lower fossil fuel intensity and strengthen resilience Largest Structure Value Lever Alternative Fuels Scale thermal substitution across the portfolio 20% 9M 2026 TSR1 > 50% 2030 Ambition → > €100m Phased Strategic Capex > 80% In core plants Why Action is needed 9M 2026 Results – Investors' & Analysts' Presentation 9 1 Thermal Substitution Rate > €350m Addressable energy costs
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Sales Volume Highlights Double digit volume growth in cement YTD, supported by recent acquisitions Highlights – 9M 2026 ✓Cement at +10% (LfL -1%): • Solid performance in Greece led by infrastructure projects • Resilient US sales despite slowdown in domestic market and import shortages • Solid domestic cement sales in Egypt • SEE region improved ✓Aggregates at +6%: • Continuous growth in Greece • Increased demand in the US (Florida), following recent investments ✓Ready-mix at -4% (LfL -1%): • Weaker residential market in the US ✓Blocks at +6%: • Above market growth in the US ✓ACMs volumes decreased: • Growth in fly-ash • Pozzolan plant temporary shutdown for productivity & safety improvements (Greece) Intragroup product sales for processing are included in Sales Volumes (1) Cement Sales include clinker and cement domestic and export sales (2) All product lines above include Brazil (3) ACMs volumes include sales of fly ash & pozzolana Cement, Aggregates & ACMs: tn m Ready-Mix: m3 m Blocks: K units LfL (Like-for-Like): scope 9M 2026 Like-for-Like -1% -1% 13.5 14.8 Cement +10% 1.0 0.8 ACMs -17% 17.6 18.7 Aggregates +6% 4.9 4.7 Ready-mix -4% 47.5 50.4 Blocks +6% 2025 2026 Q3 2026 Like-for-Like -3% 4.7 5.3 Cement +14% 0.3 0.2 ACMs -28% 6.0 6.2 Aggregates +3% 1.6 1.5 Ready-mix -5% 16.0 16.2 Blocks +1% 2025 2026 10
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Operating Free Cash Flow generation 9M 2026 Results – Investors' & Analysts' Presentation 11 Robust OFCF supports Capex and M&A investments 482 (677) (745) (96) EBITDA 9M 2026 27 Non-Cash Items (153) Operating WC (59) Finance & Tax (248) CapEx Acquisitions/ Disposals Dividend, Share Buybacks & Other (21) FX Impact on Net Debt Increase in Net Debt 9M 2025 474 22 (110) (79) (185) 412 (237) 23 320 9M 2026 Operating Free Cash Flow €297m €307m EUR m
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Net Debt and Liquidity profile Net Debt/EBITDA ratio at 1.56x >73% of the debt carries a longer-term profile & at Fixed rates 12 Group Net and Gross Debt Evolution Debt Maturity Profile 797 670 302 958 903 853 870 694 1,132 2.4 1.5 1.1 0.5 0 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 0.0x 0.5x 1.0x 1.5x 2.0x 2.5x 3.0x Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q1 2023 Q3 2024 Q4 2024 Q2 2023 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 765 Q3 2026 1.56 Q4 2022 Q2 2026 Gross Debt Net Debt Net Debt/EBITDA 9M 2026 Results – Investors' & Analysts' Presentation <Dec’26 <Dec’27 <Dec’28 <Dec’29 >Dec’30 10 295 22 164 641 Bank / Other Bonds Accruals Leases EUR m EUR m 66% 26% 7% 1% Debt by instrument Debt by type 26% 74% Floating Fixed Following the Net Debt increase our Leverage ratio remains within Investment Grade 1.56x
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CapEx and M&A investments 9M 2026 Results – Investors' & Analysts' Presentation Continued investments aligned with Titan Forward strategic priorities Breakdown by nature of investment Breakdown by Region ✓ Cement plant in Pennsylvania ✓ Clinker production capacity of ~1m ST p.a. ✓ Addressable market of >6m MT ✓ Game changing synergies for Keystone ✓ Grinding plant in -the port of- Le Havre ✓ Clinker capacity of 0.6m MT p.a. ✓ Addressable market of >7m MT ✓ New capacity to store clinker & ACMs ✓ Cement plant in the Marmara region serving the Greater Istanbul as well as exports. ✓ Cement production capacity of 2.5m MT p.a. ✓ Construction of a second production line of another 2.5m MT. ✓ A 100 MW solar plant is under construction with operations commencing in 2Q27. Traçim Cement 158 158 180 185 248 2022 2023 2024 2025 2026 242 224 251 285 ~300 9-months Rest of year 115 38 16 16 140 51 14 43 USA GREECE SEE E.MED 2025 2026 185 248 GROUP Growth & Efficiencies Maintenance Vracs de l’ Estuaire, France Traçim, Türkiye Keystone, USA Vracs de L’ Estuaire Keystone Cement 13 Continuous focus on CapEx targeted to growth & efficiencies Three acquisitions across three markets completed in 2026 EUR m YTD EBITDA €28m, rising to €45m in FY26 and >€100m by 2029* * Excluding 2nd Line in Traçim
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14 Major CapEx Projects on track Brunner Island, Montour & Fiddler’s Ferry USA, Mid -Atlantic & UK Converting waste into ACM product, reducing CO₂ emissions, securing stable local supply and creating additional sales from ash Tracim: 2nd production line Türkiye Second production line adding 2.5Mt of low-cost cement capacity, serving the growing Istanbul market and export markets Calcined Clay USA, Mid -Atlantic Calcined Clay project in Roanoke, Virginia, adding cement capacity Portable Ready-Mix plants USA, Mid -Atlantic Portable batching plants & supporting equipment deployed directly at major project sites, such as Data Centers Block plants USA, Florida Construct new block plants to meet growing demand in Tampa and Jacksonville iFESTOS CCS Greece Leveraging EU Innovation Fund grant to develop the carbon capture project, in Athens. 9M 2026 Results – Investors' & Analysts' Presentation Investments focusing on growth & efficiencies with attractive returns Titan’s three large projects continue to progress
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Synergies from recent acquisitions Integration of recent acquisitions accelerating, with operational improvements and synergies well on track. KEYSTONE Operational improvements gain momentum Early integration actions are improving reliability, cost efficiency and network capacity. $30m+ annual run-rate synergies by 2029 1 Improve operational reliability Kiln reliability improved from 60.6% in Q1 to 83.6% in Q3 2026 2 Enhance grinding efficiency and capacity Real-Time Optimizers implemented on finish mills, supporting incremental grinding capacity 3 Optimize raw-material sourcing Quarry evaluation and mine planning progressing to replace purchased limestone 4 Optimize energy and fuel usage Natural-gas conversion and alternative-fuel initiatives advancing to lower production costs 5 Capture commercial & network integration opportunities Commercial teams integrated; Keystone, Essex & Roanoke network synergies progressing TRAÇIM Five drivers of EBITDA uplift Contribution by lever 1 Improve clinker/cement ratio Improve throughput via lower usage of clinker 2 Increase alternative fuel usage Grow Thermal Substitution Ratio from 0%; already reaching 15% 3 Drive sales operational excellence 4 Optimize fixed cost annual run-rate synergies by 2029 €25m+ Solar plant (starting 2027) Electricity savings thanks to the JV solar plant, to be operational by 2Q27 9M 2026 Results – Investors' & Analysts' Presentation 15 5 Tracim Plant
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9M 2026 Results – Investors' & Analysts' Presentation 16 Overview of Markets Performance 02
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USA 9M 2026 Results – Investors' & Analysts' Presentation 17 9M Highlights Sales (€ m) EBITDA (€ m) • Mixed market conditions: strength in infrastructure, commercial and data centers; residential remained subdued. • Organic sales growth of 2% YoY , despite softer cement and ready-mix volumes, supported by resilient pricing in cement and increased in ready-mix. Aggregates volume growing in Florida supported by our investments and demand from infrastructure projects. • EBITDA at €228m, at -11% YoY , impacted by market conditions, higher energy costs, one-offs, job site labor constraints and adverse weather. • Productivity initiatives partially offset energy inflation and one-off impacts. While internal efficiency initiative targets $50m in annual run-rate synergies by 2029. • Growth, logistics and efficiency investments accelerated in 2026. • Keystone integration on track: >$30m annual synergies by 2029; €11m EBITDA contribution expected in FY26. Like-for-Like (LfL): Constant exchange rates and scope Highlights 1,129 1,089 1,108 1,152 2025 (40) FX 2025 LfL 19 Organic Growth 2026 LfL 44 Scope effect ’26 2026 +2% LfL +2% 257 250 222 228 2025 (7) FX 2025 LfL (28) Organic Growth 2026 LfL 6 Scope effect ’26 2026 -11% LfL -11% $1,264 EBITDA Margin22.8% 19.8% $290 $264 $1,337 +6% in $ -9% in $
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Highlights Greece, Western Europe (& Corporate) 18 9M Highlights • Domestic demand remained strong, despite softer activity in July and August, with a strong recovery in September. • Infrastructure, residential and commercial remained key demand drivers. • Sales reached €460m, +19% reported and +11% LfL, driven by strong pricing and higher domestic cement and aggregates volumes. • EBITDA reached €74m, +31% (+19% LfL), supported by positive price-over-cost and the acquisition in France. • Despite cost headwinds margins increased. EBITDA (€ m) Like-for-Like (LfL): Constant exchange rates and scope 9M 2026 Results – Investors' & Analysts' Presentation Sales (€ m) 41385 460 0 FX 2025 LfL Organic Growth 425 2026 LfL 34 Scope effect ’26 20262025 385 +11% LfL +19% 11 7 0 FX 2025 LfL Organic Growth 2026 LfL Scope effect ’26 2026 57 57 67 74 2025 +19% LfL +31% EBITDA Margin14.7% 16.1%
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Highlights Southeastern Europe 19 9M Highlights • Market conditions remained strong and broadly stable, with volumes ahead of last year in most countries. • Sales reached €333m, up 6%, driven by higher pricing, particularly in Bulgaria, and volume growth. Import pressures remain, particularly in Albania. • Energy remained the key inflationary pressure, mainly reflecting higher solid fuel costs. • Integrated offering further enhanced, with technical support to ready-mix customers, mix-design optimization and increased use of lower-carbon cements. Like-for-Like (LfL): Constant exchange rates and scope 9M 2026 Results – Investors' & Analysts' Presentation Sales (€ m) 18315 333 2 FX 2025 LfL Organic Growth 333 2026 LfL 0 Scope effect ’26 20262025 313 +6% LfL +6% 115 116 116 1 FX 2025 LfL 1 Organic Growth 2026 LfL 0 Scope effect ’26 2026 114 2025 +1% LfL +1% EBITDA Margin36.6% 34.9% EBITDA (€ m)
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Highlights Eastern Mediterranean 20 9M Highlights • Demand in Egypt continued to grow despite geopolitical uncertainty, with higher domestic volumes. • Exports partially shifted to the US. • Pricing improved YoY across both domestic and export markets. • Traçim integration progressing well, contributing c.€73m in sales and €15m in EBITDA; FY26 EBITDA contribution expected at c.€25m. • Sales reached €244m, (+32%) supported by organic growth in Egypt and the contribution from Traçim. • EBITDA reached €63m (+41%), supported by positive price-over-cost dynamics. EBITDA (€ m) (28) (48) Like-for-Like (LfL): Constant exchange rates and scope 9M 2026 Results – Investors' & Analysts' Presentation Sales (€ m) 73 152 244 (24) Scope effect ’25 Organic Growth 171 2026 LfL Scope effect ’26 2026 19 2025 LfL 2025 (10) FX 186 +32% +12% LfL 7 15 63 (2) Scope effect ’25 Organic Growth 48 2026 LfL Scope effect ’26 2026 45 2025 LfL 2025 (2) FX 41 +41% +18% LfL EBITDA Margin24.3% 26.0%
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Highlights 21 EBITDA (€ m) Brazil • Domestic cement consumption in Brazil increased by 0.9% in the nine months of 2026. • In the Northeast region, where we operate, consumption rose by 7.5%. • Sales grew by 29% and reached €101m, on the back of improved volumes, combined with price increases. • EBITDA nearly doubled to €40m, supported by disciplined execution and robust commercial performance. • This translated to a material margin expansion. * Brazil is accounted for using the equity method 9M Highlights Like-for-Like (LfL): Constant exchange rates and scope 9M 2026 Results – Investors' & Analysts' Presentation Sales (€ m) 78 82 101 19 2025 4 FX 2025 LfL Organic Growth 2026 +29% 19 2025 FX 2025 LfL Organic Growth 2026 20 21 40 1 +97% EBITDA Margin25.9% 39.6%
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9M 2026 Results – Investors' & Analysts' Presentation 22 FY Outlook 03
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Outlook 9M 2026 Results – Investors' & Analysts' Presentation 23 Updating 2026 guidance: high single-digit growth in sales & mid-single-digit growth EBITDA • The US economy is expected to maintain moderate growth through the remainder of 2026 • Public infrastructure spending and data- center investments continuing to support activity • Elevated borrowing costs and affordability constraints weigh on residential construction • The Greek economy should remain resilient through the remainder of 2026, supported by investment activity, EU funding and a strong labor market • Infrastructure investment is expected to remain the main driver of construction demand in addition to selected commercial developments and stable residential activity • Across Southeastern Europe, economic activity should remain broadly resilient for the rest of 2026, supported by domestic demand and investment • Construction activity continues to benefit from residential development, tourism-related projects and infrastructure spending • In Egypt, tourism and investments are expected to support demand, while housing needs, hospitality projects & energy investments provide opportunities • In Türkiye, infrastructure remains the key driver of construction activity, while residential construction should benefit from housing needs USA Greece & Western Europe Southeastern Europe Eastern Mediterranean ➢ High single-digit sales growth expecting solid volumes, improved pricing & contribution from the acquisitions. ➢ Mid single-digit EBITDA growth, supported by the contribution of the acquisitions and the self-help measures, while persistent high-cost environment and one-off costs curtail growth. ➢ Project Prime, our self-help & cost initiatives program targeting ~€60m of benefits in 2026, with ~€40m already delivered YTD. ➢ 2026 CapEx expected at ~€300m, including investments in recently acquired assets, supporting growth and efficiencies.
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9M 2026 Results – Investors' & Analysts' Presentation 24 Appendix 04
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Group Income Statement 2026 9M 2026 Results – Investors' & Analysts' Presentation 25 Reconciliation of reported and LfL figures EUR m 9M 2026 9M 2025 YoY Delta SALES 2,189.2 2,012.5 9% FX impact -48.1 Scope effect 2025 (Adoçim) -23.5 Scope effect 2026 (Traçim; Vracs de l’Estuaire; Keystone) -152.0 SALES LfL 2,037.2 1,941.0 5% EBITDA 481.7 473.6 2% FX impact -8.2 Scope effect 2025 (Adoçim) -2.1 Scope effect 2026 (Traçim; Vracs de l’Estuaire; Keystone) -27.5 EBITDA LfL 454.2 463.4 -2% Net Profit After Taxes & Minorities 242.0 170.8 42% Disposal of Adoçim (May 2025) 51.9 Adjusted Net Profit After Taxes & Minorities 242.0 222.7 9% Q3 2026 Q3 2025 YoY Delta 769.5 684.0 13% 3.9 - -71.3 698.2 687.8 2% 169.8 186.6 -9% 1.3 - -14.9 154.8 187.9 -18% 88.9 102.4 -13% - 88.9 102.4 -13% Like-for-Like (LfL): Constant exchange rates and scope Adjusted Net Profit after Taxes & Minorities: NPAT adjusted for the impact of the disposal of Adoçim (Türkiye) in May 2025 (€51.9m)
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Condensed Group Income Statement – 9M 2026 9M 2026 Results – Investors' & Analysts' Presentation 26 9Μ 2026 9Μ 2025 YoY Delta Sales 2,189.2 2,012.5 9% Sales LfL 2,037.2 1,941.0 5% Cost of Goods Sold -1,612.1 -1,450.7 -11% Gross profit 577.0 561.8 3% EBITDA 481.7 473.6 2% EBITDA LfL 454.2 463.4 -2% Depreciation/Impairments -152.9 -128.1 -19% Loss on disposal of subsidiaries 0.0 -52.5 Finance costs/FX Gains or Losses/ Hyperinflation -9.6 -33.2 Share of profit of associates & JVs 13.9 3.8 269% Profit Before Taxes 333.1 263.5 26% Income Tax Net -76.0 -76.6 1% Non-controlling Interest -15.1 -16.0 6% Net Profit After Taxes & Minorities 242.0 170.8 42% Adjusted Net Profit After Taxes & Minorities 242.0 222.7 9% Strong financial performance EUR m Like-for-Like (LfL): Constant exchange rates and scope Adjusted Net Profit after Taxes & Minorities: NPAT adjusted for the impact of the disposal of Adoçim (Türkiye) in May 2025 (€51.9m)
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Condensed Group Balance Sheet – 9M 2026 9M 2026 Results – Investors' & Analysts' Presentation 27 30.09.26 31.12.25 Tangible, intangible assets and goodwill 2,938.5 2,031.4 Other non-current assets 206.5 202.1 Total non-current assets 3,145.0 2,233.5 Inventories 503.6 405.2 Cash & cash equivalents 173.6 483.6 Other current assets 569.3 373.8 Total current assets 1,246.6 1,262.6 Total Assets 4,391.6 3,496.0 Equity and reserves attributable to owners of the parent 2,151.1 1,954.4 Non-controlling interests 145.3 129.3 Total Equity 2,296.5 2,083.7 Long-term borrowings and lease liabilities 837.9 582.3 Other non-current liabilities 392.9 271.9 Total non-current liabilities 1,230.8 854.2 Short-term borrowings and lease liabilities 293.9 114.8 Other current liabilities 570.4 443.3 Total current liabilities 864.3 558.1 Total Equity & Liabilities 4,391.6 3,496.0 Strong financial performance EUR m
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Q3 Overview – Sales per region 28 USA Greece, W. Europe (& Corporate) Southeastern Europe Eastern Mediterranean 376 382 377 403 27 2025 6 FX 2025 LfL (5) Organic Growth 2026 LfL Scope effect ’26 2026 -1% LfL +7% 127 127 150 2025 0 FX 2025 LfL 11 Organic Growth 2026 LfL 12 Scope effect ’26 2026 138 +9% LfL +18% 116 117 123 123 2025 1 FX 2025 LfL 6 Organic Growth 2026 LfL 0 Scope effect ’26 2026 +5% LfL +6% 65 63 93 33 2025 (2) FX 0 Scope effect ’25 2025 LfL (2) Organic Growth 2026 LfL Scope effect ’26 2026 61 +43% -4% LfL 9M 2026 Results – Investors' & Analysts' Presentation EUR m EUR m EUR m EUR m
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Q3 Overview – EBITDA per region 29 USA Greece, W. Europe (& Corporate) Southeastern Europe Eastern Mediterranean 99 100 76 80 2025 1 FX 2025 LfL (25) Organic Growth 2026 LfL 4 Scope effect ’26 2026 -25% LfL -19% 18 18 18 20 2025 0 FX 2025 LfL (0) Organic Growth 2026 LfL 3 Scope effect ’26 2026 -1% LfL +14% 48 48 47 47 2025 0 FX 2025 LfL (1) Organic Growth 2026 LfL 0 Scope effect ’26 2026 -3% LfL -2% 22 21 23 8 2025 (1) FX 0 Scope effect ’25 2025 LfL (7) Organic Growth 15 2026 LfL Scope effect ’26 2026 +3% -32% LfL 9M 2026 Results – Investors' & Analysts' Presentation EUR m EUR m EUR m EUR m
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Glossary CapEx: Capital Expenditures CCS: Carbon Capture & Storage EBITDA: Earnings before interest, taxes, depreciation and Amortization EPS: Earnings per share JV: Joint venture LfL: Like-for-Like M&A: Mergers and Acquisitions MT: Metric tonnes NPAT: Profit after tax attributable to equity holders of the parent. RMC: Ready-mix concrete ST: Short tonnes TSR: Total Substitution Rate FY1: Fiscal Year 1 Sales (LfL): Sales adjusted for foreign exchange effects and scope changes. In 2026, scope effects include the acquisitions of Vracs de L'Estuaire (France), Traçim (Türkiye) and Keystone (USA). In 2025, scope effects include the sale of Adoçim (Türkiye). EBITDA: Profit before impairment losses on goodwill, net finance costs and taxes plus depreciation, amortization and impairment of tangible and intangible assets and amortization of government grants EBITDA (LfL): EBITDA adjusted for foreign exchange effects and scope changes. In 2026, scope effects include the acquisitions of Vracs de L'Estuaire (France), Traçim (Türkiye) and Keystone (USA). In 2025, scope effects include the sale of Adoçim (Türkiye). NPAT: Profit after tax attributable to equity holders of the parent NPAT (adjusted): NPAT adjusted for the impact of the disposal of Adoçim (Türkiye) in May 2025 (€51.9m) Operating Free Cash Flow (OFCF): Net cash generated from operating activities plus interest received, minus payments of tax, interest and other related charges Profit before impairment losses on goodwill, net finance costs, and taxes: Profit before income tax, share of gain or loss of associates and joint ventures, net finance costs and impairment losses on goodwill Net Debt: Sum of long-term borrowings and lease liabilities, plus short-term borrowings and lease liabilities (collectively gross debt), minus cash, cash equivalents and bank term deposits. 9M 2026 Results – Investors' & Analysts' Presentation 30 Abbreviations Definitions
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Contacts IR contacts 9M 2026 Results – Investors' & Analysts' Presentation 31 Thank you For more information, please visit our website at https://ir.titanmaterials.com/en Spyros Kamizoulis Investor Relations Director ir@titanmaterials.com Ticker TITC ISIN BE0974338700 Number of shares 78.325.475 Share Data
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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. 9M 2026 Results – Investors' & Analysts' Presentation 32