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

Strategic vision and growth

• Focus on operational excellence, disciplined expansion, and prudent balance sheet management since 2020.

• Cement production capacity increased by 1.3 million metric tons through Samalayuca and Odessa plant projects.

• Vertically integrated operations with 8 cement plants, 26 terminals, and 106 ready-mix plants across the U.S. and Mexico.

• Leadership in core U.S. regional markets and Chihuahua, Mexico, with strong export capacity.

• Disciplined M&A strategy focused on value creation and strict investment criteria.

Financial performance and capital structure

• Q2 2026 net sales rose 15% year-on-year to $418.4 million; H1 2026 sales up 16.9% to $713.8 million.

• EBITDA grew 12.3% in Q2 2026 to $132.9 million, with a 31.8% margin; H1 2026 EBITDA up 14.7%.

• Net leverage ratio improved to -0.37x as of June 2026, reflecting strong deleveraging.

• Free cash flow for Q2 2026 was $56.9 million, with a 42.8% conversion rate.

• Investment grade ratings from Fitch (BBB) and S&P (BBB-); $500 million sustainability-linked bond issued at 3.614% coupon.

Market position and operational highlights

• Holds #1 or #2 market share in core U.S. states, insulated from seaborne competition.

• U.S. sales accounted for 74% of total, with Mexico at 26%; cement and mortar made up 62% of sales mix.

• U.S. cement volumes grew 10.8% and concrete volumes 28.7% in Q2 2026; Mexico cement volumes up 6.2%.

• Cement prices increased 5.7% in the U.S. and 5.2% in Mexico year-on-year.

• Odessa plant expansion and Amarillo/Midland-Odessa acquisitions enhanced regional presence.