GCC S A B de C V (GCC) investor relations material

Executive summary

• Achieved strong top and bottom-line growth in Q2 2026, driven by higher cement and concrete volumes in the U.S. and improved performance in Mexico.

• Successfully started up the new kiln at Odessa, adding significant capacity and marking a key operational milestone.

• Completed strategic acquisitions and expansion in Texas, notably in aggregates and ready-mix, expanding market presence.

• Sustainability initiatives advanced, with blended cements at 79% of production and increased use of natural gas and alternative fuels.

• Repositioned volumes to areas of strongest demand while maintaining reliable customer service.

Financial highlights

• Q2 2026 sales reached $418.4M, up 15% year-over-year; H1 sales rose 16.9% to $713.8M.

• EBITDA increased 12.3% to $132.9M in Q2, with a margin of 31.8%; H1 EBITDA up 14.7% to $220M.

• Net income grew 1% to $74.3M in Q2; H1 net income up 7.3% to $122.4M.

• Free cash flow was $56.9M in Q2, a 17% increase year-over-year; FCF conversion rate at 42.8%.

• Cost of sales increased 15.8% year-over-year in Q2, reflecting higher production and logistics costs.

Outlook and guidance

• U.S. cement volumes expected to see mid- to high-single digit growth; concrete volumes low- to high-single digit increase.

• U.S. cement pricing expected to decrease low single digits; concrete prices to remain flat.

• Mexico cement volumes to rise mid-single digits; concrete volumes low-single digits, both with low-single digit price increases.

• Consolidated EBITDA growth projected at mid-single digit; FCF conversion rate above 60% targeted.

• Total CapEx for 2026 set at $270M, with $200M for strategic/growth and $70M for maintenance.