Investor Presentaiton

140 120 100 80 60 WHILE IN A FAVORABLE PHASE OF THE U.S. CEMENT CYCLE U.S. CEMENT PRODUCTION AND CONSUMPTION ↑ -18% Production Consumption Actual 2003-2023 Estimated 2024-2027 40 40 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 Source: USGS, PCA 2023 U.S. apparent consumption is still 18% below 2005 peak (23 MMT) Import share is about 25% of consumption, compared to 23% share in 2006 GCC 15 115

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