Investor Presentaiton

Operational Performance 中国西部水泥有限公司 WEST CHINA CEMENT LIMITED 20 Sales volume of cement (RMB per ton) 24 22 Revenue (RMB mn) 10,000 9,021 8,489 19.6 19.9 19.8 8,003 18.5 8,000 7,131 16 6,000 12 4,000 8 2,000 4 0 0 2020 2021 2022 2023 2020 2021 2022 2023 Gross profit and gross profit margin EBITDA and EBITDA margin (RMB mn) (RMB mn) 42.0% 3,000 32.9% 35.0% 39.9% 44.0% 4,000 37.4% 29.7% 27.3% 2,500 32.7% 25.7% 28.0% 2,343 2,377 2,460 33.0% 3,000 3,195 2,000 2,182 2,997 3,176 2,949 21.0% 1,500 2,000 22.0% 14.0% 1,000 1,000 11.0% 500 7.0% 0 0.0% 0 0.0% 2020 2021 2022 2023 2020 2021 2022 EBITDA Margin 2023 Gross Profit Gross Profit Margin Source: Company information. 20 20

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