Amrize Ltd · NYSE:AMRZ
Amrize — Q3 2026 Earnings Presentation
24 slides from Amrize's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026 Earnings Presentation
Q3 2026 EARNINGS PRESENTATION Jan Jenisch, Chairman and CEO Samuel Poletti, CFO October 29, 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES Certain statements in this presentation may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding expected cost savings, future financi
Slide 3: Q3 2026 Highlights
Q3 2026 HIGHLIGHTS Jan Jenisch, Chairman and CEO Winthrop Center, Boston, MA 3 Amrize inside
Slide 4: Q3 2026 Highlights: Resilient Results Driven by Pricing
Q3 2026 HIGHLIGHTS RESILIENT RESULTS DRIVEN BY PRICING; MARGIN EXPANSION IN BUILDING MATERIALS Amrize $3,771M $558M $1,076M $1.02 $1.05 Revenues Net Income Adjusted EBITDA2 Diluted EPS Adjusted Diluted EPS2 +2.2% vs. Q3 20251 +3.3% vs. Q3 20251 +0.2% vs. Q3 20251,3 +4.1% vs. Q3 20251 Flat vs. Q3 202
Slide 5: Market Trends
MARKET TRENDS WEATHER IMPACTS OFFSETTING SOLID UNDERLYING DEMAND Commercial Infrastructure Residential 51% Revenues1 28% Revenues1 21% Revenues1 Q3 2026 Q3 2026 Q3 2026 • Softer demand impacted by weather in the Northeast, • Softer demand impacted by weather in the Northeast, • Higher interest rates
Slide 6: Partner of Choice for Professional Builders
PARTNER OF CHOICE FOR PROFESSIONAL BUILDERS ROBUST PIPELINE OF CUSTOMER PROJECTS New Data Center, North Dakota Comite River Diversion, Louisiana Freezer Facility, Washington Key supplier of building materials & Elevate advanced Key supplier of building materials Advanced roofing systems with Elevate
Slide 7: ASPIRE Program on Track
ASPIRE PROGRAM ON TRACK $73 MILLION IN SAVINGS DELIVERED YTD 2026 ✓ $73M in savings delivered YTD 20261 Accelerating ✓ Executing projects with cost savings across raw materials, services, logistics and equipment; ~1,000 suppliers onboarded in 2026 Synergies and ✓ Success stories include optimized ve
Slide 8: Capital Allocation: Investing for Growth Through Capex and M&A
CAPITAL ALLOCATION INVESTING FOR GROWTH THROUGH CAPEX AND M&A Executing Growth Projects Delivering Value-Accretive M&A Rapid Redi-Mix operational sites PB Materials operational sites Amrize operational sites Amrize cement terminals Amrize cement plants Midlothian Cement Plant, Texas Malarkey Shingle
Slide 9: Capital Allocation: $1.11 Billion Cash Returned to Shareholders
CAPITAL ALLOCATION $1.11 BILLION OF CASH RETURNED TO SHAREHOLDERS YTD 2026 Shares Repurchased Dividends Paid Third Quarterly in YTD 20261 in YTD 20261 Dividend3 $750M $364M $0.11/share ✓ $1.0B share repurchase program ✓ $244M for special one-time ✓ Board declared Q3 2026 dividend launched in May 202
Slide 10: Q3 2026 Results
Q3 2026 RESULTS Samuel Poletti, CFO Logistics center, Toronto, ON 10 Amrize inside
Slide 11: Amrize Q3 2026 Revenue Bridge
AMRIZE Q3 2026 REVENUE BRIDGE REVENUES GREW 2.2% ON POSITIVE PRICE MOMENTUM & ACQUISITIONS +2.2% • Revenues grew 2.2% driven by pricing growth and strong contribution from acquisitions, partially offset by lower volumes ($28M) $77M • Successful pricing implemented across Building Materials and $23M
Slide 12: Amrize Q3 2026 EBITDA Bridge
AMRIZE Q3 2026 EBITDA BRIDGE RESILIENT EBITDA SUPPORTED BY POSITIVE PRICING AND ASPIRE SAVINGS +0.2% $23M $23M ($97M) $78M $14M ($38M) Primarily oil price driven cost inflation impacting freight, diesel and raw materials costs $1,074M $1,063M $1,076M 1 2 3 4 5 6 7 8 Q3 2025 Q3 2026 Adjusted Volume P
Slide 13: Building Materials Q3 2026 Results
BUILDING MATERIALS Q3 2026 RESULTS ADJUSTED EBITDA MARGIN EXPANSION LED BY PRICING GROWTH Revenues1 Adjusted EBITDA1,2 • Revenues grew 1.8% driven by pricing growth across all business +1.8% +2.7% lines and contributions from acquisitions • Cement pricing3 increased 1.8% and aggregates pricing3 grew
Slide 14: Building Envelope Q3 2026 Results
BUILDING ENVELOPE Q3 2026 RESULTS REVENUES GREW 3.6% ON POSITIVE COMMERCIAL ROOFING MOMENTUM Revenues1 Adjusted EBITDA1,2 • Revenues up 3.6% driven by momentum in commercial roofing; +3.6% -14.6% positive price traction across commercial roofing and shingles • Commercial roofing volumes remained str
Slide 15: Balance Sheet
BALANCE SHEET FLEXIBILITY TO INVEST FOR GROWTH & RETURN CASH TO SHAREHOLDERS Balance Sheet as of September 30, 2026 Baa1 / BBB+ 1.8x 6.2 years Weighted Average Debt Moody’s / Standard & Poor’s Net Leverage Ratio1 Maturity 5.1% $299M $3.4B Weighted Average Interest Cash & Cash Equivalents Total Avail
Slide 16: 2026 Guidance: Mixed Outlook for Q4 2026
2026 GUIDANCE MIXED OUTLOOK FOR Q4 2026 Commercial Infrastructure Residential ✓ Elevated interest rate environment could ✓ Significant IIJA funding still to be spent; ✓ Expect normal seasonal de-stocking patterns weigh on volumes in the near-term extension provides a bridge to successor bill to weig
Slide 17: Updated 2026 Guidance
UPDATED 2026 GUIDANCE Revenues $12.2B - $12.4B Adjusted $2.95B - $3.05B EBITDA The Company provides forward-looking guidance regarding Adjusted EBITDA. The Company cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures. These ite
Slide 18: Appendix
APPENDIX 18 One World Trade Center, New York, NY Amrize inside
Slide 19: Accounting Revision – Q3 2025 Consolidated Income Statement
ACCOUNTING REVISION – Q3 2025 CONSOLIDATED INCOME STATEMENT Amrize Ltd For the three months ended September 30, 2025 (in millions, except for earnings per share) As Reported Adj As Revised Revenues $ 3,675 $ 15 $ 3,690 Cost of revenues (2,589) (9) (2,598) Gross profit 1,086 6 1,092 Selling, general
Slide 20: Accounting Revision – Q3 2025 Adjusted EBITDA Reconciliation
ACCOUNTING REVISION – Q3 2025 ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN RECONCILIATION Amrize Ltd For the three months Totals may not sum due to rounding. (1) Acquisition and integration-related costs are those incurred for business combinations (including advisory, legal, ended September 30, 2025
Slide 21: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
RECONCILIATION OF ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN Amrize Ltd For the three months Totals may not sum due to rounding. (1) Acquisition and integration-related costs are those incurred for business combinations (including advisory, legal, valuation, and other professional ended September 30
Slide 22: Reconciliation of Adjusted Diluted Earnings per Share
RECONCILIATION OF ADJUSTED DILUTED EARNING PER SHARE Totals may not sum due to rounding. Amrize Ltd For the three months (1) Acquisition and integration-related costs are those incurred for business combinations (including advisory, legal, valuation, and other professional ended September 30, fees)
Slide 23: Reconciliation of Net Debt and Net Leverage Ratio
RECONCILIATION OF NET DEBT AND NET LEVERAGE RATIO Totals may not sum due to rounding. Amrize Ltd (1) Acquisition and integration-related costs are those incurred for business combinations (including advisory, legal, valuation, and other professional fees) as well as the unfavorable effects of purcha
Slide 24: © 2026 Amrize. All rights reserved.
© 2026 Amrize. All rights reserved.