holcim ltd first quarter results 2006

First Quarter Results 2006 1 First quarter results 2006 Disclaimer Cautionary statement regarding forward-looking statements This document may contain certain forward-looking statements relating to the Group’s future business, development and economic performance. Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to (1) competitive pressures; (2) legislative and regulatory developments; (3) global, macroeconomic and political trends; (4) fluctuations in currency exchange rates and general financial market conditions; (5) delay or inability in obtaining approvals from authorities; (6) technical developments; (7) litigation; (8) adverse publicity and news coverage, which could cause actual development and results to differ materially from the statements made in this document. Holcim assumes no obligation to update or alter forwardlooking statements whether as a result of new information, future events or otherwise. 2 First quarter results 2006 Key financial figures 2005 1 2005 1 2006 1 LFL CIS FX in CHF Net sales 18,468 2,730 4,628 17.6% 40.5% 11.4% 69.5% Operating EBITDA 4,627 658 1,001 25.1% 15.5% 11.5% 52.1% Operating profit 3,316 411 627 37.5% 2.9% 12.2% 52.6% Net income 1,818 161 273 11.8% 69.6% Cash flow from operating activities 3,405 77 -107 51.9% -284.4% -6.5% -239.0% EPS in CHF 6.73 0.53 0.74 9.4% 39.6% Cash EPS 2 in CHF 7.02 0.61 0.83 9.9% 36.1% Million CHF 1st Quarter +/-Full Year 1 Adjusted in line with IAS 21 amended 2 excludes the amortization of goodwill and other intangible assets 3 First quarter results 2006 Major changes in the scope of consolidation Effective as at Cement capacity + Aggregate Industries March 21, 2005 - + Ambuja Cement Eastern April 11, 2005 2.0 million t + ACC Limited January 24, 2006 19.0 million t +/– Various smaller companies 4 First quarter results 2006 Exchange rates Statement of income average exchange rates in CHF Q1 04 Q1 05 Q1 06 +/- 1 EUR 1.57 1.55 1.56 0.6% 1 USD 1.26 1.18 1.30 10.2% 1 African Basket (EGP, ZAR, MAD) 1 0.97 1.00 1.07 7.0% 1 Asian Basket (AUD, NZD, THB, PHP) 1 1.04 1.00 1.08 8.0% Balance sheet exchange rates in CHF 31/03/05 31/12/05 31/03/06 +/- 1 EUR 1.55 1.56 1.58 1.3% 1 USD 1.20 1.32 1.30 -1.5% 1 African Basket (EGP, ZAR, MAD) 2 0.93 1.00 1.01 1.0% 1 Asian Basket (AUD, NZD, THB, PHP) 2 0.94 1.00 0.99 -1.0% 1 weighted by net sales Q1 2005 2 weighted by net sales full year 2005 5 First quarter results 2006 Sales of cement by region Million t ∆ Q1 05/Q1 06 LFL Change in structure Total Europe 7.3% 0.0% 7.3% North America 16.7% 0.0% 16.7% Latin America 18.5% 0.0% 18.5% Africa Middle East 6.3% 0.0% 6.3% Asia Pacific -10.3% 58.8% 48.5% Total 7.2% 17.5% 24.7% 3.5 3.03.0 5.9 5.5 6.1 10.1 6.8 6.2 3.4 3.1 3.2 6.4 5.0 5.4 Total Group Q1 2004 21.9 Q1 2005 22.3 Q1 2006 27.8 6 First quarter results 2006 Sales of aggregates and ready-mix concrete 20.2 18.2 34.5 6.1 6.3 9.1 Q1 2004 Q1 2005 Q1 2006 + 89.6% + 44.4% -9.9% + 3.3% + 13.5% + 8.9% Aggregates in million t Ready-mix concrete in million m 3 7 First quarter results 2006 4,628 2,730 2,760 Q1 2004 Q1 2005 Q1 2006 Net sales Like-for-Like (LFL) 283 11.5% 19 0.7% 481 17.6% Change in structure 20 0.8% 40 1.4% 1,105 40.5% Forex movements -10 -0.4% -89 -3.2% 312 11.4% Total change 293 11.9% -30 -1.1% 1,898 69.5% Million CHF 8 First quarter results 2006 Net sales by region Million CHF ∆ Q1 05/Q1 06 LFL Change in structure Currency Total Europe 17.2% 61.0% 2.5% 80.7% North America 29.2% 66.6% 22.5% 118.3% Latin America 18.8% 0.0% 18.4% 37.2% Africa Middle East 18.2% -1.6% 6.4% 23.0% Asia Pacific 3.1% 57.3% 13.7% 74.1% Total 17.6% 40.5% 11.4% 69.5% 884 405 381 926 675 715 1652 981 914 325 379 466 862 495 466 Q1 2004 Q1 2005 Q1 2006 9 First quarter results 2006 North America 18.5% Europe 34.5% Asia Pacific 18.0% Africa Middle East 9.7% Latin America 19.3% Net sales by region Net sales Q1 2006 [...]... local currencies 22 First quarter results 2006 Strength Performance Passion Contact information and event calendar Contact information Event calendar Corporate Communications Phone +41 58 858 87 10 Fax +41 58 858 87 19 communications @holcim. com May 12, 2006 Annual General Meeting May 16, 2006 Dividend payment August 24, 2006 Half-year results 2006 November 8, 2006 Third quarter results 2006 Conferences... 37.5% 2.9% 12.2% 52.6% 13 First quarter results 2006 Group net income Million CHF 273 Net income + 69.6% Net income - equity holders of Holcim Ltd 170 161 + 41.7% + 66.0% 97 120 + 192.7% + 67.2% 41 + 310.0% Q1 2004 1 1, 2 Q1 2005 restated in line with new and revised IFRS, effective January 1, 2005 2 2 Q1 2006 Adjusted in line with IAS 21 amended 14 First quarter results 2006 Cash flow from operating... in marketable securities In(De)crease in cash and cash equivalents -71.2% -100.6% 17 First quarter results 2006 Financial position Million CHF 111.7% 91.2% 89.1% 11,659 13,027 14,250 31.03.2005 Total shareholders' equity 15,418 12,693 31.12.2005 Net financial debt 14,063 31.03 .2006 Gearing 18 First quarter results 2006 Price/volume variances per region Domestic cement prices +/- Q1 05/Q1 06 * Europe... Third quarter results 2006 Conferences for press and analysts February 28, 2007 Annual results 2006 Conferences for press and analysts Investor Relations Phone +41 58 858 87 87 Fax +41 58 858 80 09 investor.relations @holcim. com www .holcim. com/investors Mailing list: www .holcim. com/subscribe 24 First quarter results 2006 ... 7.4% 19.0% 20 First quarter results 2006 Price/volume variances per region Domestic cement prices +/- Q1 05/Q1 06 * Africa Middle East Morocco Egypt Lebanon Indian Ocean South Africa * 1 Domestic cement volumes +/- Q1 05/Q1 06 1.4% 12.3% -1.8% 12.6% 3.1% 13.5% 16.3% 34.4% 4.4% 10.9% if not otherwise indicated calculation based on local currencies calculation in USD 1 21 First quarter results 2006 Price/volume... paid to minorty shareholders Financing requirement Full Year 1st Quarter +/- 2005 2005 2006 3,405 77 -107 -239.0% -879 -147 -210 42.9% 2,526 -70 -317 -352.9% -607 -98 -252 157.1% -4,853 -3,586 -480 -86.6% -558 -50 -47 -6.0% -3,492 -3,804 -1,096 -71.2% 16 First quarter results 2006 Financing Million CHF Full Year 1st Quarter 2005 2005 2006 -3,492 -3,804 -1,096 – – – Capital paid-in by minority interests... First quarter results 2006 Operating profit Margin Million CHF 13.6% 15.1% 17.6%* 13.5% 627 411 375 Like-for-Like (LFL) Goodwill amortization Change in structure Forex movements Total change operating profit margin on a like-for-like basis 154 37.5% 5 1.7% -16 -5.5% 88 30.7% -23 -6.1% 59 15.7% 18 4.8% -18 -4.8% 36 9.6% Q1 2004 * 99 34.5% Q1 2005 Q1 2006 12 2.9% 50 12.2% 216 52.6% 12 First quarter results. .. change 658 -31 -4.5% 22 3.2% -27 -3.9% -36 -5.2% 165 102 76 343 Q1 2004 * 109 18.2% 7 1.2% -19 -3.2% 97 16.2% Q1 2005 Q1 2006 operating EBITDA margin on a like-for-like basis 25.1% 15.5% 11.5% 52.1% 10 First quarter results 2006 Operating EBITDA by region Million CHF Q1 2004* Q1 2005 Q1 2006 291 216 175 77 29 43 217 127 329 92 284 151 117 117 250 ∆ Q1 05/Q1 06 Europe North America Latin America Africa... 28.3% Q1 2004 Like-for-Like (LFL) Change in structure Forex movements Total change Q1 2005 -24 -1 -13 -38 -4 24 -3 17 0.0% 0.0% 0.0% Q1 2006 0 0.0% -24.5% -1.0% -13.3% -38.8% -6.7% 40.0% -5.0% 28.3% 40 51.9% -219 -284.4% -5 -6.5% -184 -239.0% -107 15 First quarter results 2006 Cash flow statement Million CHF Cash flow from operating activities Net investments to maintain productive capacity and to secure... volumes +/- Q1 05/Q1 06 -2.1% 1.6% 7.4% 1.3% -2.1% -4.4% -1.0% 4.8% -0.6% -2.7% 7.2% 12.6% 66.9% 18.4% 29.6% 12.7% 11.0% 14.5% 4.9% 14.6% -5.3% 14.1% 22.7% 15.8% 24.1% 59.6% 14.2% -5.5% 19 First quarter results 2006 Price/volume variances per region Domestic cement prices +/- Q1 05/Q1 06 * +/- Q1 05/Q1 06 North America Canada USA 7.1% 18.5% 13.4% 16.3% Latin America Mexico El Salvador Costa Rica Nicaragua . 2005 Q1 2006 9 First quarter results 2006 North America 18.5% Europe 34.5% Asia Pacific 18.0% Africa Middle East 9.7% Latin America 19.3% Net sales by region Net sales Q1 2006 10 First quarter results. First Quarter Results 2006 1 First quarter results 2006 Disclaimer Cautionary statement regarding forward-looking statements This. 52.6% n.s.: not significant 14 First quarter results 2006 Group net income 97 161 273 41 120 170 Q1 2004 Q1 2005 Q1 2006 Net income Net income - equity holders of Holcim Ltd + 310.0% + 192.7% + 41.7% +