Cementos Argos S A : Presentation 1Q23

1Q23 Results

May 9th, 2023

Disclaimer

This document contains forward-looking statements and information related to Cementos Argos S.A. and its subsidiaries (together referred to as "Argos") that are based on the knowledge of current facts, expectations and projections, circumstances and assumptions of future events.

Various factors may cause Argos' actual future results, performance or accomplishments to differ from those expressed or assumed herein.

If an unexpected situation presents itself or if any of the premises or of the company's estimations turn out to be incorrect, future results may differ significantly from the ones that are mentioned herein.

The forward-looking statements are made to date and Argos does not assume any obligation to update said statements in the future as a result of new information, future events or any other factors.

All the discussions on the financial and operational results held during the call, will be based on the adjusted figures, excluding non- recurring and non-core operations. For a detail on the reconciliation and the adjustments please refer to the annexes of our quarterly report.

01

Consolidated Results

1Q23	Highest recorded EBITDA in our history for a first quarter marks a margin
expansion of 386 basis points

COP 3.4	Tn		COP 597	Bn
REVENUE			EBITDA
+35.2% YoY		+70.8% YoY

1.8 mn m3	3.9mn T
RMX VOLUME
	CEMENT VOLUME
-2.3% YoY
-0.6% YoY

Volumes - Adjusted				QUARTER			YTD
		2022.Q1	2023.Q1	Var	2022.Q1	2023.Q1	Var
Cement	000 TM	3,949	3,925	-0.6%	3,949	3,925	-0.6%
RMC	000 M	3	1,798	1,756	-2.3%	1,798	1,756	-2.3%
Key Figures - Adjusted				QUARTER			YTD
		2022.Q1	2023.Q1	Var	2022.Q1	2023.Q1	Var
Revenue	COP Bn	2,501	3,382	35.2%	2,501	3,382	35.2%
EBITDA	COP Bn	350	597	70.8%	350	597	70.8%
Margin EBITDA	%		14.0%	17.7%	368 pbs	14.0%	17.7%	368 pbs
Owners of the parent co. Adjusted	COP Bn	-4	102	2,236%	-4	102	2,236%
Net Income	COP Bn	12	118	898.6%	12	118	898.6%
Net Margin	%		0.5%	3.5%	302 pbs	0.5%	3.5%	302 pbs

See annex for the adjustment's reconciliation

Stable market dynamics through		Successful pricing strategy, and		Important SPRINT milestones
our regions		cost efficiencies		achieved

Sprint Efforts to effectively carry out the comprehensive plan continued during the

Update

quarter reaching important milestones

Our pillars

1	Focus on strong financial and operational results
with a special emphasis in profitability

Increase dividend payments to shareholders for a

1. total of COP 445 billion in 2023, +15% vs 2022
2. ~ COP 250 billion share-buy-back program
   Continue the work on listing our US business in the
3. NYSE
   Improve the liquidity of our common stock by
4. designating a local market maker

Our Progress

As a result of our commercial efforts in each region + our

careful cost control initiatives EBITDA margin expanded 368 basis points

Dividends for COP 128 billion were paid during April. We

reaffirm our commitmentwith our shareholders to

execute the additional dividend payment for COP 317 billion and the share buyback program before our 2024 General Shareholders Meeting.

We continue to be ready to launch the transaction once market conditions are appropriate

Once again, our common shares are eligible for repo operationas a result of better liquidity conditions of

our stock