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USA Agreement

Cementos Argos has agreed to combine its operations in the United States with Summit
Materials aiming to create a leading building materials platform with national scale

Conference Call - Argos North America and Summit Materials combination

The agreement will have a component of stock consideration worth approximately $2 billion and cash payment of approximately $1.2 billion (subject to customary closing adjustments), resulting in a valuation of Argos North America of $3.2 billion or 10x EV/EBITDA 2023e