Investor Day 2026 | Grupo Argos presented its 2030 roadmap, prioritizing shareholder returns, operational efficiency, and debt reduction

• More than 25 capital markets analysts had the opportunity to see firsthand Grupo Argos’ transformation in recent years into a company that tripled its share value and is now 100% focused on construction materials and infrastructure.
• The organization started 2026 with a solid financial position, with more cash than debt at the consolidated level, and an AAA rating reaffirmed by Fitch Ratings and S&P Global.
• The presidents of each business presented ambitious expansion plans to capitalize on opportunities driven by growing demand for aggregates in the southeastern United States; rising demand for renewable energy to supply incremental consumption from new technologies such as artificial intelligence and vehicle electrification; and the infrastructure needs of airports and road networks that are already reaching their capacity limits in Colombia and the region.
• Grupo Argos’ ambition:
  Share price: double the share price.
  Dividend: increase dividends to shareholders by 2.3x.
  Debt: reduce holding company net debt by 70%.
  Asset Management: grow assets under management from institutional and international investors by 3.7x.

This Thursday, February 19 and Friday, February 20, Grupo Argos held its Investor Day—an open dialogue with more than 25 capital markets analysts—who learned how the organization has advanced a portfolio focus and simplification process over the past decade. This process has enabled the company to unlock value for shareholders and strengthen its ability to invest in sectors with structural demand, resilient returns, and regional expansion potential.

That journey is reflected in the financial position with which the company enters 2026: a consolidated net debt/EBITDA ratio of -0.2x and an AAA rating reaffirmed by Fitch Ratings and S&P Global Ratings. Over the last five years, the share price has tripled and still has valuation upside; the dividend increased by 80%, with expectations of an increase of more than 50% for shareholders in 2026 (including the dividend they will now receive directly from Grupo Sura); and liquidity has increased significantly.

Supporting this vision, the organization reaffirmed its proven ability to rotate assets to generate value: over the past 20 years it has executed more than 30 M&A transactions totaling more than USD 10 billion.

Looking ahead to 2030, Grupo Argos has an asset portfolio under management of approximately COP 17 trillion and a new-project pipeline of nearly COP 40 trillion, figures that reflect its scale and its ability to capitalize on a new global infrastructure investment cycle.

An agenda focused on value creation

During the event, the company presented its 2030 plan to maximize shareholder value, built around four strategic priorities:

• Share price appreciation: nearly double portfolio value to reach an implied value above COP 40,000 per share.
• Growing dividends: increase dividends distributed from infrastructure assets by 2.3x by 2030.
• Lower holding company leverage: reduce holding company net debt by 70% to enhance financial flexibility.
• Deepen Grupo Argos’ role as an asset manager: grow fee-earning institutional and international assets under management from COP 1.2 trillion in 2026 to COP 4.6 trillion in 2030.

As part of Investor Day, executive teams from Grupo Argos’ companies shared their strategic vision and the opportunities across each sector—united by one common factor: structural, growing demand for the coming decades.

• Cementos Argos presented its operational excellence strategy in Latin America and Argos Materials’ growth plan in the United States as a value catalyst. The company highlighted that, thanks to the SPRINT program, total shareholder return exceeded 700% in US dollars, and average daily trading volume has increased 15-fold since launch. By 2030, Cementos Argos aims to achieve EBITDA above USD 200 million in the U.S. and grow EBITDA in Latin America organically by USD 75 million.

• Celsia expanded on its strategy focused on efficiency, deleveraging, and expansion in energy markets, noting that its fundamental value tripled between 2016 and 2025—equivalent to a +15.5% compound annual growth rate. Through the EnergizarC strategy, the company seeks to reduce debt to keep it below COP 4 trillion and improve its energy services operations to reach an EBITDA margin of 38% by 2030.

• Odinsa shared its growth vision in infrastructure, the optimization of its current assets, and its 2030 ambition. The company has a pipeline of new projects that includes the expansion and construction of airports and roads that have already reached maximum capacity, as well as growth in its new water business in Latin American regions with high demand and water stress.

• Grupo Argos’ Urban Development Business presented Barú as a case study of high-value tourism development, along with its divestment strategy and asset rotation roadmap. Over the past decade, this unit has nearly tripled its market share in Atlántico, rising from 17% to 47%.

Grupo Argos reiterated its commitment to transparency, disciplined capital allocation, and strengthening its long-term relationship with its more than 40,000 shareholders.