Titan America (TTAM) Investor presentation summary

Market position and growth strategy

• Holds leading market positions in high-growth U.S. East Coast mega-regions, supported by strong economies and population growth.

• Operates a vertically integrated business model, providing strategic flexibility and omnichannel access to end users.

• Maintains a comprehensive logistics network with strategically placed facilities and terminals, enabling reliable supply and cost optimization.

• Pursues expansion through organic growth, greenfield investments, and disciplined M&A, including the acquisition of Keystone Cement Company to strengthen its Mid-Atlantic presence.

• Focuses on innovation, digital transformation, and sustainability, targeting adjacent products and markets for strategic growth.

Operational highlights

• Operates 3 cement plants, 3 marine import hubs, 8 quarries, 83 ready-mix plants, 8 block plants, 7 fly ash plants, and 21 rail terminals across 13 states.

• Achieved a 19% reduction in CO2 emissions versus 2019, reflecting a commitment to sustainability.

• Cement market share: ~24% in Metro New York, ~28% in Virginia & North Carolina, ~31% in Florida.

• Employs approximately 2,550 people as of December 2025.

Financial performance

• 2025 revenue reached $1,664 million, with adjusted EBITDA of $390 million and a margin of 23.4%.

• Free cash flow for 2025 was $132 million, up 19% year-over-year.

• Net income for 2025 was $185 million ($1.01/share), outpacing adjusted EBITDA growth.

• Net debt to adjusted EBITDA improved to 0.64x in 2025 and further to 0.58x in Q1 2026, reflecting strong cash flow and low leverage.

• Q1 2026 revenue was $398 million, with adjusted EBITDA of $83 million and free cash flow of $30 million.