Slides
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Earnings Presentation Fourth Quarter 2025
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2 Today’s speakers Mariela García Figari de Fabbri CEO Patricia Gastelumendi CFO Milagros Benavides Head of Investor Relations 1
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Agenda – Conference Call 4Q’25 Please note that this call may include certain forward-looking statements. These statements relate to expectations, beliefs, projections and other matters that are not historical facts and are, therefore, subject to risks and uncertainties that might affect future results. • Overview 4Q’25 and 2025: Financial Results • Q&A session 2
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4 HIGHLIGHTS Dividend Payment In November, the Board declared a new cash dividend payment of S/ 100 million, also on account of 2025 earnings. This dividend, equivalent to S/ 0.1057 per share, is scheduled for disbursement in January 2026 and represents a dividend yield of 3.06% 2025 Market Performance +33% | Stock Price Growth (Closing: S/ 3.9) 7.95% | Dividend Yield 46.8% | Total Shareholder Return (TSR) 3 Robust Growth and exceptional returns
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KEY TAKEAWAYS Fourth Quarter 2025 4
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KEY TAKEAWAYS Fourth Quarter 2025 44 S/ 1.9B Revenues
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KEY TAKEAWAYS Fourth Quarter 2025 4 S/ 1.9B Operating Profit S/ 131MM Revenues
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KEY TAKEAWAYS Fourth Quarter 2025 4 S/ 1.9B ROIC 8.9% Operating Profit S/ 131MM Revenues
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KEY TAKEAWAYS S/ 1.9B Revenues ROIC ROE 8.9% 16.2% Fourth Quarter 2025 Operating Profit S/ 131MM • Increased sales in business lines of CAT construction and infrastructure machinery, as well as CAT and allied equipment for underground mining. 4 • Enhanced efficiencies in SG&A expenses.
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Peru: Macroeconomic overview 2026: Election year Election day - April 12th +30 presidential candidates New bicameral structure 5
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Peru: Macroeconomic overview Sources: Central Bank Inflation Report as of December 2025 & Apoyo Consultoría. 2.0% 1.5% 2024 2025 Inflation rate (% change) 3.2% 2.0%3.6% 6.8% 2024 2025 Mining and Construction GDP evolution (% change) Mining Construction 3.3% 9.8%14.7% 4.3% 2024 2025 Public & Private Investment (% change) Private Invest. Public Invest. 6 3.5% 3.3% 2024 2025 GDP (% change)
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12 Consolidated Sales 7.6 7.8 As of December 2024 As of December 2025 About the company: Financial Highlights +3% 7 1.97 1.95 4Q'24 4Q'25 -1% (S/ billion) 2.0 2.2 As of December 2024 As of December 2025 +8% ($ billion) (S/ billion) 524 569 4Q'24 4Q'25 +8% ($ million) 117 344 1,050 202 403 1,004 Allied Brands CAT Equipment - Undergroung Minning and Contruction Spare Parts & Services 4Q'24 4Q'25 (S/ million) +73% +17% -4.4% FX average 3.76 3.58 3.770 3.368
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13 About the company: Financial Highlights 8 Share by line of business – 4Q’25 (% change) Gross Margin (%) 24.8% 23.5% 24.9% 20.5% 4Q'24 4Q'25 26.3% 23.0% 26.2% 24.7% As of December 2024 As of December 2025 Gross margin Adj. Gross margin 52% 36% 5% 7% Spare parts and services Prime product Rental and used Other lines
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14 Operating Profit 847 762 As of December 2024 As of December 2025 -10% About the company: Financial Highlights 204 189 4Q'24 4Q'25 -7% Adjusted Operating Profit 855 627 As of December 2024 As of December 2025 -27% 206 131 4Q'24 4Q'25 -36% (S/ million) (S/ million) 10.3% 9.7% 10.5% 6.7% 4Q'24 4Q'25 11.2% 9.8% 11.3% 8.0% As of December 2024 As of December 2025 Adj. Operating margin Operating margin Operating Margin (%) 9
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15 About the company: Financial Highlights 1.15 1.18 As of December 2024 As of December 2025 SG&A (S/ billion) 297 272 4Q'24 4Q'25 +2% -8% • As of December 2025, SG&A represented 15.2% of sales, reflecting a slight improvement compared to last year's 15.3%. (S/ million) 10
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16 1.12 1.07 As of December 2024 As of December 2025 About the company: Financial Highlights -5% 281 272 4Q'24 4Q'25 -3% Adjusted EBITDA (S/ billion) (S/ million) 1.13 0.94 As of December 2024 As of December 2025 (S/ billion) 283 213 4Q'24 4Q'25 (S/ million)EBITDA -25% -17% 14.2% 14.0% 14.3% 11.0% 4Q'24 4Q'25 14.8% 13.7% 14.9% 12.0% As of December 2024 As of December 2025 Adj. EBITDA margin EBITDA margin EBITDA Margin (%) 11
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17 3.13% 4.66% 5.08% 4.79% 2022 2023 2024 2025 Financial Expenses Net Financial expenses (S/. million and %) Average debt expenditure (%) 12 -2% 4Q’24 4Q’25 Average Short-term interest rate 5.49% 4.68% Average Medium-term interest rate 4.49% 4.92%
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18 EVOLUTION OF EXCHANGE RATES FX Rates and FX Impact (S/ and S/ million) 13 -17 -38 39 -27 35 53 32 41 3.721 3.837 3.714 3.770 3.677 3.549 3.476 3.368 0.000 0.500 1.000 1.500 2.000 2.500 3.000 3.500 4.000 -60 -40 -20 0 20 40 60 80 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 FX profit / loss (S/ million) FX rate (S/) + S/ 162 million- S/ 43 million + S/ 120 million
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19 19 Positive variation Negative variation Net Profit (S/ million) NET PROFIT Adjusted Net Profit (S/ million) 511 463 As of December 2024 As of December 2025 14 25% Net Profit 102 70 1 13 4 7 68 6100 Net Income 4Q'24 Δ EBITDA Δ Financial expenses Δ D&A Δ FX gain (loss) Δ Share of profit of associated Δ Income tax Other adjustments Net Income 4Q'25 -9% 489 481 As of December 2024 As of December 2025 -2% (S/ million) +2%
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20 Debt composition ($ million) CASH GENERATION & LIABILITY MANAGEMENT 15 Current debt 54% Non- current debt 46% 499 486 65 102 1354 361 617 637 As of December 2024 As of December 2025 Local banks Foreign banks CAT Capital markets IFRS 16 Free Cash Flow (S/. million) 304 96 74 287 235 Dec-24 Mar-24 Jun-24 Sep-24 Dec-25 1.59 Debt / EBITDA ratio 2.06 Leverage ratio (Net debt / EBITDA) As of December 2025 +3%
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21 Positive variation Negative variation TOTAL ASSETS AND CASH CYCLE CASH CONVERSION CYCLE (Days)STATE OF FINANCIAL POSITION (S/ million) 1.14 Asset turnover ratio 158 149 150 146 154 52 46 46 43 45 47 41 43 42 41 154 144 147 145 151 Cash cycle Collection days Payable days Inventory days 16 6.8 6.8
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22 CAPEX ($ million) CAPEX • Investment in intangible assets reached $2 million dollars as of December 2025 • Capital Expenditures on Infrastructure include the effect originated by the application of the NIIF16 31 1724 28 2 Infrastructure Machinery and Equipment Rental Fleet Rental Fleet - Minning Intangibles 102 MM CAPEX 2025 17
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