Grupo Argos (GRUPOARGOS) Corporate presentation summary

Profile and portfolio

• Founded in 1934; 9,000 operating employees and 30 at holding-company level; investment portfolio valued at USD 15.8bn across materials, energy, concessions, real estate and urban development.

• Operations span 18 countries in the Americas; positions include Colombia’s leading cement player and largest private integrated energy player, and Latin America’s largest airport operator, serving 46 million passengers.

• Shareholders’ equity grew at a 22% annualized rate over 90 years; dividends have been paid without interruption since 1938.

Investment thesis and capital allocation

• Targets high-growth needs in infrastructure, housing and energy; global infrastructure investment is projected at USD 85tn over 15 years, while LatAm per-capita energy consumption is 25–27% of the OECD average.

• USD 10bn pipeline: USD 5bn in airports and toll roads, USD 2.8bn in building materials and USD 2.2bn in energy.

• More than USD 7bn invested in M&A and platform development over 20 years; portfolio actions include USD 4.3bn monetized.

• Long-term approach emphasizes value-accretive M&A, operational discipline, resilient cash flows and ESG practices.

ACE value-creation program

• Three pillars: operational excellence, consolidation of asset management and accelerated buybacks; 2028 targets include +USD 75m LatAm EBITDA, +1,000 bps EBITDA margin, 50% lower SG&A and 3x free cash flow versus Dec. 2025.

• Buyback target of COP 500bn over 6–12 months; potential firepower up to COP 2tn from monetizable stabilized assets, subject to investment-return conditions.

• 24–36-month aspirations include +70% consolidated EBITDA and +100% dividend per share; 3–5-year total shareholder return aspiration is 75–100%.

• Since ACE 1.0 launched, ordinary-share price rose 27% and preferred-share price 23%; average daily trading volume increased 2.9x and 4.0x, respectively, excluding index-rebalancing weeks.

• Preferred shares joined MSCI Colombia Small Cap and FTSE Russell Mid Cap in 2026, expanding international index exposure.