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Investor Presentaiton

Net sales Q4 2023 RESULTS HIGHLIGHTS Millions of dollars Q4-23 Q4-22 Var 2023 2022 Var 339.9 288.6 17.8% 1,363.9 1,168.3 16.7% Operating income before other expenses 98.4 68.2 44.4% 383.1 268.3 42.8% EBITDA 118.2 90.2 31.0% 472.4 361.6 30.6% 34.8% 31.2% 34.6% 30.9% EBITDA Margin Consolidated net income 75.0 4.5 n.m. 295.3 140.3 110.5% GCC Consolidated net sales increased 17.8% year-on-year, to US$339.9 million U.S. sales grew 19.6% as cement and concrete prices rose 8.4% and 9.6%, respectively U.S. cement and concrete volumes increased 5.3% and 7.8%, respectively Mexico sales increased 13.8% reflecting an 8.2% and 12.5% increase in cement and concrete prices, respectively Mexico sales excluding the appreciation of the Mexican peso increased by 1.7% EBITDA increased 31% to US$118.2 million with a 34.8% EBITDA margin Free cash flow totaled US$107.1 million with a 90.6% free cash flow conversion rate Cash and equivalents totaled US$958.7 million Net leverage (net debt/EBITDA) ratio totaled -0.99x as of December 2023 40 40
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