Investor Presentaiton

STRENGTHENED MARGINS AND LOWER INDEBTEDNESS THAN MOST OF OUR PEERS US Average 1.6x 2023 estimated Net Debt/EBITDA multiples* LatAm Average 3.1x 1.7x 2.2x 1.8x 2.4x 3.9x 2.9x 0.7x -0.8x EXP VMC MLM SUM Cemex CLH Argos GCC 2023 estimated EBITDA margins* US Average 28.2% LatAm Average 18.3% 32.6% 34.0% 28.8% 29.4% 20.7% 17.1% 19.5% 18.3% GCC EXP VMC MLM SUM GCC Cemex CLH Argos 26 Source: J.P. Morgan (March 2023) and Morgan Stanley (March 2023) estimates

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