Cementos Molins, S.A. · BME:CMO
Cementos Molins — Q1 2026 Earnings Presentation
17 slides from Cementos Molins's earnings presentation, Apr 29, 2026
Slide 1: 2026 Results Q1
RESULTS Q1 2026 2026 Results Q1 Multi-storey warehouse at Goodman Castellbisbal Logistics Centre (Spain), built with Molins Precast Solutions. 1
Slide 2: Legal Note
RESULTS Q1 2026 Legal Note This document may contain forward-looking statements regarding intentions, expectations, or forecasts about Molins. These statements may include financial projections and estimates with assumptions, statements regarding plans, objectives, and expectations that may relate t
Slide 3: Solid operating performance and strategic transformation
RESULTS Q1 2026 Solid operating performance and strategic transformation In a global context of economic and geopolitical uncertainty Strong operating momentum in Q1 ▪ Sales up +8% YoY in Q1, with like-for-like growth of +10%, driven mainly by pricing discipline and bolt-on acquisitions partially of
Slide 4: Solid operating performance and strategic transformation
RESULTS Q1 2026 Solid operating performance and strategic transformation Sales and EBITDA growth in Q1, alongside the successful closing of Secil, in a global context of economic and geopolitical uncertainty Q1 2026 Q1 2025 % var. % LFL¹ Sales 268 248 8% 10% Operating EBITDA 54 52 4% 13% Operating E
Slide 5: Sales growth driven by pricing discipline
RESULTS Q1 2026 Sales growth driven by pricing discipline ▪ Like-for-like sales up 10%, driven by pricing actions; volumes impacted by adverse weather conditions in Spain and Portugal. ▪ Bolt-on acquisitions: c. €23m sales contribution. ▪ FX headwinds, mainly from Argentina. +8% LfL1 +10% 23 -30 268
Slide 6: EBITDA growth driven by pricing and operational efficiency
RESULTS Q1 2026 EBITDA growth driven by pricing and operational efficiency ▪ Like-for-Like Operating EBITDA up 13%, driven by positive price-over-cost and operational efficiency gains, with margin expansion to 21.4%. ▪ Bolt-on acquisitions contributed c. €5m to Operating EBITDA. ▪ Adverse FX transla
Slide 7: Strong like-for-like growth in Q1
RESULTS Q1 2026 Strong like-for-like growth in Q1 Sales and Op. EBITDA increased by 10% and 13%, respectively, on a like-for-like basis. Mexico: strong pricing discipline supporting volume recovery and margin performance. SALES OPERATING EBITDA Q1 2026 Q1 2025 % var. % LFL¹ Q1 2026 Q1 2025 % var. %
Slide 8: Adjusted EBITDA uplift on pricing actions and efficiency gains
RESULTS Q1 2026 Adjusted EBITDA uplift on pricing actions and efficiency gains ▪ Adjusted EBITDA rises to €90m, up 8% (like-for-like +12%). ▪ Net earnings of Joint Ventures up 11%, focused on outstanding performance in Mexico, driven by demand recovery, pricing actions and FX tailwinds. +8% 4 90 84
Slide 9: Cash generation supporting growth
RESULTS Q1 2026 Cash generation supporting growth ▪ Solid cash generation of €37m despite seasonality, delivering a 68% cash conversion ratio. ▪ Continued focus on value-accretive growth capex, reinforcing portfolio quality: o Bolt-on acquisitions in Precast Solutions and Concrete businesses. o Tran
Slide 10: A new chapter to keep growing
| el Mlolins’ Building A new chapter to keep growing The integration of Secil into Molins strengthens our capabilities, expands our reach, and drives us forward with strength and confidence.
Slide 11: Acquisition of Secil
RESULTS Q1 2026 Acquisition of Secil Secil’sacquisition unlocks a strategic opportunity for sustainable and diversified growth ▪ Molins becomes a global mid-sized player with global presence in 18 countries and c. 30 Mt capacity (1) Scaling into a global ▪ Creates a leading Iberian champion with sca
Slide 12: Secil at a glance
1 RESULTS Q1 2026 Secilat a glance Secil aims to deliver high-quality, sustainable construction solutions that advance energy efficiency and circular economy Company Description Key Stats (1) ▪ Secil began operations in 1904 with the opening of its first plant in Outão (Setúbal, Portugal), becoming
Slide 13: Attractive Combined Entity
RESULTS Q1 2026 Attractive Combined Entity The combined entity benefits from an attractive financial and business profile + Africa Africa 11% South Africa 7% America 1% South Sales by region South €1,028m Europe 21% €610m America €1,638m Europe America 62% Europe 25% 68% 28% 78% Africa Africa South
Slide 14: Solid track record of delivering our strategic vision
RESULTS Q1 2026 Solid track record of delivering our strategic vision With the addition of Secilinto our footprint we are envisioning a new strategic vision that ensures our focus on our strategy pillars whilst securing a successful business integration Secil Integration 1 Priority focus (2026-2027)
Slide 15: Building the present. Shaping the future.
RESULTS Q1 2026 Building the present. Shaping the future. 15
Slide 16: Annex: Financial statements according to EU-IFRS
RESULTS Q1 2026 Annex: Financial statements according to EU-IFRS (P&L figures exclude Secil, consolidated from March 31st 2026) Consolidated Balance Sheet Consolidated Profit & Loss Statement Figures in €m Mar 31st, 2026 Dec 31st, 2025 Figures in €m Q1 2026 Q1 2025 Intangible assets and goodwill 1.7
Slide 17: Basis for information presentation
RESULTS Q1 2026 Basis for information presentation The information included in this “Results Q1 2026” has been prepared in accordance with International Financial Reporting Standards (IFRS), applying the consolidation methods required by the applicable accounting framework. As Molins had historicall