Q1 2022 & FY 2021 Results slide image

Q1 2022 & FY 2021 Results

SALES VOLUMES AND PRICES Q1-22 vs Q1-21 2021 vs 2020 Cement volumes U.S. 10.3% 5.6% Mexico -4.7% 6.9% Concrete volumes U.S. 15.7% -19.1% Mexico 9.2% 19.1% 10.3% UNITED STATES (U.S. DOLLARS) 1.3% Q1-22 vs Q1-21 Percentage changes are based on actual results, before rounding GCC The most dynamic U.S. market segments during the quarter were industrial warehouse construction and the oil gas sector U.S. performance and market conditions were better than expected Mexican customers built up inventory at year's end Mexico sales during the quarter were primarily driven by demand related to industrial warehouse construction, commercial and housing projects and strong mining activity GCC AVERAGE SELLING PRICES, % CHANGE 8.9% 5.1% 2021 vs 2020 11.7% 8.1% Q1-22 vs Q1-21 MEXICO (PESOS) 4.2% Cement (per mton) 6.2% Concrete (per m3) 2021 vs 2020 Mexico cement prices include only domestic cement prices to exclude the effect of the exchange rate on cement exports 44
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