© 2011 Holcim Ltd New Hermosillo plant (Mexico) First quarter results 2011 1 First quarter results 2011 © 2011 Holcim Ltd Key financial figures 2010 2010 2011 LFL CIS FX Total Sales volumes - Cement (mt) 136.7 31.0 33.2 7.2% 0.0% 7.2% - Aggregates (mt) 157.9 29.5 34.3 12.8% 3.5% 16.3% - Ready-mix (mm 3 ) 45.9 9.5 10.4 7.9% 1.9% 9.8% Net sales 21,653 4,741 4,657 6.8% 0.6% -9.2% -1.8% Operating EBITDA 4,513 909 753 -9.1% 0.0% -8.0% -17.1% Operating profit 2,619 460 347 -17.2% -0.5% -7.0% -24.7% Net income before minorities 1,621 66 122 103.9% -2.7% -16.0% 85.1% Net income (loss) Holcim shareholders 1,182 -68 10 114.8% -2.6% 2.0% 114.2% Cash flow 3,659 -257 -538 -129.5% -4.8% 24.8% -109.5% EPS in CHF 1 3.69 -0.21 0.03 114.3% Million CHF (if not otherwise stated) 1st Quarter +/-Full Year 1 Calculated on the weighted average number of shares outstanding Based on IAS 33 the average number of shares was retrospectively increased by 8.8% Due to rounding, numbers presented throughout this report may not add up precisely to the totals provided. All ratios and variances are calculated using the underlying amount rather than the presented rounded amount. 2 First quarter results 2011 © 2011 Holcim Ltd Cement – Sales volumes by region Q1 10/Q1 11 LFL Change in structure Total Europe 19.9% 0.0% 19.9% North America 3.5% 0.0% 3.5% Latin America 2.3% 0.0% 2.3% Africa Middle East -10.0% 0.0% -10.0% Asia Pacific 6.3% 0.0% 6.3% Total 7.2% 0.0% 7.2% 1.8 1.7 1.8 5.2 5.1 4.3 19.3 18.2 16.8 1.9 2.12.1 5.65.5 5.5 Total Group Q1 2009 29.7 Q1 2010 31.0 Q1 2011 33.2 Million t 3 First quarter results 2011 © 2011 Holcim Ltd Aggregates – Sales volumes by region Q1 10/Q1 11 LFL Change in structure Total Europe 13.0% 3.7% 16.7% North America 12.1% 10.2% 22.3% Latin America 17.7% 0.0% 17.7% Africa Middle East -7.7% 0.0% -7.7% Asia Pacific 12.0% 0.0% 12.0% Total 12.8% 3.5% 16.3% 5.4 4.44.5 6.9 6.1 1.1 0.40.50.4 3.3 2.9 2.8 Total Group Q1 2009 25.1 Q1 2010 29.5 Q1 2011 34.3 Million t 18.3 16.2 15.7 4 First quarter results 2011 © 2011 Holcim Ltd 3.6 1.4 1.5 3.7 3.1 1.3 Ready-mix concrete and asphalt – Sales volumes by region Q1 10/Q1 11* LFL Change in structure Total Europe 14.6% 1.1% 15.7% North America -9.5% 16.9% 7.4% Latin America 5.6% 0.0% 5.6% Africa Middle East 20.3% 0.0% 20.3% Asia Pacific 7.0% 0.0% 7.0% Total 7.9% 1.9% 9.8% 0.90.9 0.8 0.2 0.2 0.3 3.1 2.9 1.6 0.3 0.20.2 2.5 2.4 2.4 Total Ready-mix Q1 2009 8.7 Q1 2010 9.5 Q1 2011 10.4 Total Asphalt Q1 2009 1.6 Q1 2010 1.6 Q1 2011 1.7 * Ready-mix concrete only Million m 3 /t 5 First quarter results 2011 © 2011 Holcim Ltd Exchange rates 1 Weighted with net sales Q1 2011 2 Weighted with net sales full year 2010 Statement of income average exchange rates in CHF Q1 09 Q1 10 Q1 11 +/- 1 EUR 1.50 1.46 1.28 -12.3% 1 GBP 1.65 1.65 1.50 -9.1% 1 USD 1.15 1.06 0.94 -11.3% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.96 1.00 0.93 -7.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.93 1.00 0.93 -7.0% Statement of financial position exchange rates in CHF 31/03/10 31/12/10 31/03/11 +/- 1 EUR 1.52 1.25 1.30 4.0% 1 GBP 1.63 1.45 1.48 2.1% 1 USD 1.14 0.94 0.92 -2.1% 1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.03 1.00 1.00 0.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 0.98 1.00 0.99 -1.0% 6 First quarter results 2011 © 2011 Holcim Ltd 4,657 4,741 4,523 Q1 2009 Q1 2010 Q1 2011 Like-for-Like (LFL) -471 -8.5% -151 -3.3% 322 6.8% Change in structure -32 -0.6% 283 6.3% 29 0.6% Forex movements -483 -8.8% 86 1.8% -435 -9.2% Total change -986 -17.9% 218 4.8% -84 -1.8% Net sales Million CHF 7 First quarter results 2011 © 2011 Holcim Ltd Q1 10/Q1 11 LFL Change in structure Currency Total Europe 12.5% 1.0% -11.1% 2.3% North America -7.0% 3.6% -9.4% -12.8% Latin America 6.1% 0.0% -8.4% -2.2% Africa Middle East -7.9% 0.0% -11.8% -19.7% Asia Pacific 9.7% 0.0% -8.2% 1.6% Total 6.8% 0.6% -9.2% -1.8% Net sales by region 396454 517 804 822820 218 272 296 2036 2004 1519 Million CHF 1364 1511 1334 Q1 2009 Q1 2010 Q1 2011 8 First quarter results 2011 © 2011 Holcim Ltd North America 8.2% Europe 28.3% Asia Pacific 42.3% Africa Middle East 4.5% Latin America 16.7% Net sales by region Net sales Q1 2011 9 First quarter results 2011 © 2011 Holcim Ltd 753 909 ,763 16.2% 19.2% 16.9% 16.3% Q1 2009 Q1 2010 Q1 2011 Operating EBITDA Margin Like-for-Like (LFL) -265 -23.0% 97 12.7% -82 -9.1% Change in structure -31 -2.3% 36 4.7% 0 0.0% Forex movements -92 -8.0% 13 1.7% -73 -8.0% Total change -388 -33.7% 146 19.1% -155 -17.1% Million CHF 1 1 Margin on a like-for-like basis [...]... Asia Pacific 1.7% 0.0% -8.3% -6.6% Total -17.2% -0.5% -7.0% -24.7% 12 © 2011 Holcim Ltd First quarter results 2011 Net income Million CHF Net income Net income (loss) - shareholders of Holcim Ltd 195 122 74 -62.0% -80.0% 66 +85.1% -66.2% 10 +114.2% -191.9% Q1 2009 © 2011 Holcim Ltd -68 Q1 2010 Q1 2011 13 First quarter results 2011 Cash flow from operating activities Million CHF Like-for-Like (LFL)... currencies © 2011 Holcim Ltd 1 pro forma 25 First quarter results 2011 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 5, 2011 General meeting of shareholders August 18, 2011 Half-year results for 2011 November 9, 2011 Press and analyst conference for the third quarter 2011 February... 2012 Press and analyst conference for the annual results for 2011 April 17, 2012 General meeting of shareholders May 9, 2012 First quarter results for 2012 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 26 © 2011 Holcim Ltd First quarter results 2011 Disclaimer Cautionary statement regarding... currencies © 2011 Holcim Ltd 1 Calculation in USD 21 First quarter results 2011 Cement – Price/volume variances per region Domestic cement prices +/- Q1 10/Q1 11 * Africa Middle East Morocco Lebanon Indian Ocean * If not otherwise indicated calculation based on local currencies © 2011 Holcim Ltd -0.1% -1.1% 0.6% 2.9% Domestic clinker and cement volumes +/- Q1 10/Q1 11 * -10.0% -8.1% -9.4% 2.9% 22 First quarter. .. could cause actual development and results to differ materially from the statements made in this presentation Holcim assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise 27 © 2011 Holcim Ltd First quarter results 2011 Strength Performance Passion New Hermosillo plant (Mexico) © 2011 Holcim Ltd ... +/- -0.7% -0.7% -0.7% FX -3.2% -3.8% -1.6% Total 2.3% 2.6% 0.2% -45.4% -27.9% -93.4% 18 © 2011 Holcim Ltd First quarter results 2011 Asia Pacific – mature and emerging market highlights Million CHF (if not otherwise stated) Cement volumes (mt) - of which mature markets - of which emerging markets First quarter 2010 2011 18.2 19.3 1.1 1.0 17.1 18.3 +/LFL CIS FX Total 6.3% -6.4% 7.1% 0.0% 0.0% 0.0% 6.3%... Q1 2011 -332 -129.5% -12 -4.8% 64 24.8% -281 -109.5% -257 -538 14 © 2011 Holcim Ltd First quarter results 2011 Cash flow statement Million CHF Cash flow from operating activities Net investments to maintain productive capacity and to secure competitiveness Free cash flow Expansion investments Financial investments net1 Dividends paid Financing requirement 1 Retrospectively adjusted based on IAS 7 © 2011. .. Million CHF Net financial debt Total shareholders' equity 63.7% 53.8% 22,756 58.6% 21,121 14,487 11,363 31.3.2010 Gearing 31.12.2010 21,133 12,379 31.3 .2011 16 © 2011 Holcim Ltd First quarter results 2011 Financial debt, maturities and liquidity as of March 31, 2011 Maturity profile (CHF million) 1 Liquidity summary 5,000 Loans Cash + marketable securities: CHF 3,313 million Capital Markets 4,000 Cash... summary as of May 3, 2011 ,0 M J J A 2011 1 S O N D J F M A M J J A 2012 S O N D J F A S&P Credit Rating: A-2 / BBB, outlook stable Fitch Credit Rating: A F2 / BBB, outlook stable Moody’s Credit Rating: P-2 / Baa2, outlook stable Current financial liabilities adjusted for short-term drawings under long-term committed credit lines © 2011 Holcim Ltd 17 First quarter results 2011 Europe – mature... Total change 343 -306 -41.5% -35 -4.7% -53 -7.3% -394 -53.5% Q1 2009 1 Margin on a like-for-like basis © 2011 Holcim Ltd 95 27.7% 11 3.2% 11 3.2% 117 34.1% Q1 2010 347 -79 -17.2% -2 -0.5% -32 -7.0% -114 -24.7% Q1 2011 11 First quarter results 2011 Operating profit by region Million CHF Q1 2009 Q1 2010 Q1 2011 1 -128 -114 -100 -56 -58 367 316 64 205 -12 196 78 343 60 Q1 10/Q1 11 164 LFL Change in Currency . © 2011 Holcim Ltd New Hermosillo plant (Mexico) First quarter results 2011 1 First quarter results 2011 © 2011 Holcim Ltd Key financial figures 2010 2010 2011 LFL CIS FX Total Sales. 2010 Q1 2011 8 First quarter results 2011 © 2011 Holcim Ltd North America 8.2% Europe 28.3% Asia Pacific 42.3% Africa Middle East 4.5% Latin America 16.7% Net sales by region Net sales Q1 2011 9 First. -24.7% Q1 2009 Q1 2010 Q1 2011 -58 -12 -56 13 First quarter results 2011 © 2011 Holcim Ltd 122 66 195 10 -68 74 Net income Net income (loss) - shareholders of Holcim Ltd Net income -80.0% +114.2% -62.0% +85.1% -191.9% -66.2% Million