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Investor Presentaiton

October 12, 2021 LAMOSA: UNLOCKING VALUE IN SOUTH AMERICA The aftermath of the 2020 health crisis remains an issue for most Latin American countries. In the case of LAMOSA's key markets in the region-Brazil, Colombia, and Peru-, they are not expected to bounce back to pre-pandemic levels until 2023 given the challenging macroeconomic conditions of each country. However, despite a harsh path to recovery, the construction sector, and consequently, the ceramics industry, seemed to remain resilient in the face of the crisis as a result of the surge of stay-at- home trends (office, school, etc). People are spending most of their time at home, and a higher need to renovate and refresh spaces emerged during and after the pandemic lockdowns. Construction sector: how is each market doing? Total Housing Deficits Brazil The construction sector represented 7.1% of its GDP in 2019 and it is forecasted to expand at a CAGR of -4.1% in the 2021-2025 period, driven by the government's housing and infrastructure programs, low interest rates, higher credit activity, and labor market recovery. Those conditions should encourage demand for new homes and an appetite for remodeling, thereby boosting demand for building materials in the country. Colombia The Colombian Chamber of Construction (Camacol) expects home building to grow by 8.4% this year, on the back of an increase in social housing projects. Also, Camacol anticipates the construction of four million housing units by the end of the decade (1.7x the current stock), which, in our view, is an aggressive move to ameliorate the current housing situation. Peru The construction industry is forecasted to expand by 2.8% between 2022 and 2025, supported by better macroeconomic conditions and a rise in public investment. Furthermore, the government recently enacted an unprecedented law that promotes social housing, which facilitates government action at the federal and local levels to create better, affordable, and sustainable housing. These actions should boost not only the residential sector but also the demand for ceramic tiles, because of the need to improve housing materials in the country. Source: Reuters, Mordor Intelligence, Fitch Solutions, DANE, INEI, IADB 19% 46% 16% 27% GBM 25% LAMOSA/CERAMIC: THE ROAD TO GROWTH IS PAVED WITH TILES. | 26
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