Q1 2022 & FY 2021 Results

140 120 100 80 60 WHILE IN A FAVORABLE PHASE OF THE U.S. CEMENT CYCLE U.S. CEMENT PRODUCTION AND CONSUMPTION Production Consumption -20% Actual 2003-2020 Estimated 2021-2024 40 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 Source: USGS, PCA 2020 U.S. apparent consumption is still 20% below 2005 peak (26 MMT) Import share is about 13% of consumption, compared to 23% share in 2006 GCC 16

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