© 2011 Holcim Ltd New Hermosillo plant (Mexico) Half-year results 2011 1 Half-year results 2011 © 2011 Holcim Ltd Key financial figures 2010 2010 2011 LFL CIS FX Total Sales volumes - Cement (mt) 136.7 67.8 70.9 4.7% -0.1% 4.7% - Aggregates (mt) 157.9 73.2 81.3 6.3% 4.7% 11.0% - Ready-mix (mm 3 ) 45.9 21.9 23.1 2.8% 2.9% 5.7% Net sales 21,653 10,902 10,143 4.6% 0.8% -12.4% -7.0% Operating EBITDA 4,513 2'343 1'897 -7.2% 0.0% -11.8% -19.0% Operating profit 2,619 1'416 1'084 -11.3% -0.5% -11.6% -23.4% Net income before minorities 1,621 611 1 586 10.9% -0.8% -14.3% -4.2% Net income (loss) Holcim shareholders 1,182 331 1 357 24.5% -1.5% -15.1% 8.0% Cash flow 3,659 906 72 -88.4% -1.8% -1.9% -92.1% EPS in CHF 3.69 1.03 1.12 8.7% Million CHF (if not otherwise stated) 6M +/-Full Yea r 1 Including a non-recurring cash-neutral tax charge of CHF 186 million 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 Half-year results 2011 © 2011 Holcim Ltd Cement – Sales volumes by region Δ 6M 10/6M 11 LFL Change in structure Total Europe 6.5% 0.0% 6.5% North America -0.4% 0.0% -0.4% Latin America 5.4% 0.0% 5.4% Africa Middle East -8.0% 0.0% -8.0% Asia Pacific 4.4% 0.0% 4.4% Total 4.7% 0.0% 4.7% 5.05.05.0 12.8 13.0 12.0 38.1 36.5 34.1 4.44.74.5 11.7 11.2 11.1 Total Group 6M 2009 65.1 6M 2010 67.8 6M 2011 70.9 Million t 3 Half-year results 2011 © 2011 Holcim Ltd Aggregates – Sales volumes by region Δ 6M 10/6M 11 LFL Change in structure Total Europe 4.9% 4.9% 9.9% North America 2.6% 10.3% 12.9% Latin America 19.0% 0.0% 19.0% Africa Middle East -12.2% 0.0% -12.2% Asia Pacific 10.6% 0.0% 10.6% Total 6.3% 4.7% 11.0% 17.5 15.5 15.3 14.4 13.0 2.1 1.11.31.2 7.0 5.9 5.9 Total Group 6M 2009 62.5 6M 2010 73.2 6M 2011 81.3 Million t 41.3 38.0 37.5 4 Half-year results 2011 © 2011 Holcim Ltd 8.0 2.9 2.8 8.3 7.8 2.7 Ready-mix concrete and asphalt – Sales volumes by region Δ 6M 10/6M 11* LFL Change in structure Total Europe 1.9% 0.6% 2.5% North America -7.2% 24.0% 16.8% Latin America 6.6% 0.0% 6.6% Africa Middle East 10.3% 0.0% 10.3% Asia Pacific 4.2% 0.0% 4.2% Total 2.8% 2.9% 5.7% 2.9 2.5 2.3 1.5 1.5 1.6 6.4 6.2 3.2 0.6 0.5 0.6 5.3 4.9 4.9 Total Ready-mix 6M 2009 19.3 6M 2010 21.9 6M 2011 23.1 Total Asphalt 6M 2009 4.3 6M 2010 4.4 6M 2011 4.3 * Ready-mix concrete only Million m 3 /t 5 Half-year results 2011 © 2011 Holcim Ltd Exchange rates 1 Weighted with net sales 6M 2011 2 Weighted with net sales full year 2010 Statement of income average exchange rates in CHF 6M 09 6M 10 6M 11 +/- 1 EUR 1.50 1.43 1.27 -11.3% 1 GBP 1.69 1.65 1.46 -11.7% 1 USD 1.13 1.08 0.90 -16.4% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.95 1.00 0.89 -11.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.92 1.00 0.89 -11.0% Statement of financial position exchange rates in CHF 30/06/10 30/12/10 30/06/11 +/- 1 EUR 1.32 1.25 1.21 -3.5% 1 GBP 1.63 1.45 1.34 -7.6% 1 USD 1.08 0.94 0.83 -11.2% 1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.09 1.00 0.92 -8.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 1.06 1.00 0.91 -9.0% 6 Half-year results 2011 © 2011 Holcim Ltd -916 -435 -228 -179 139 86 13 40 -32 -42 -73 -203 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Net sales impact Operating EBITDA impact Foreign exchange rate impact Million CHF 1.8% 1.7% 2.5% 2.9% -3.1% -2.2% -4.3% -4.1% -9.2% -8.0% -14.9% -14.2% 7 Half-year results 2011 © 2011 Holcim Ltd 10,143 10,902 10,082 6M 2009 6M 2010 6M 2011 Like-for-Like (LFL) -1'388 -11.2% -85 -0.8% 503 4.6% Change in structure -52 -0.4% 680 6.7% 88 0.8% Forex movements -912 -7.3% 225 2.2% -1'351 -12.4% Total change -2'352 -18.9% 820 8.1% -759 -7.0% Net sales Million CHF 8 Half-year results 2011 © 2011 Holcim Ltd Δ 6M 10/6M 11 LFL Change in structure Currency Total Europe 3.5% 0.6% -10.8% -6.6% North America -5.5% 4.8% -14.6% -15.3% Latin America 8.9% 0.0% -13.6% -4.7% Africa Middle East -5.5% 0.0% -13.4% -19.0% Asia Pacific 9.7% 0.0% -12.8% -3.1% Total 4.6% 0.8% -12.4% -7.0% Net sales by region 1189 1405 1445 1644 1725 1674 483 596 618 4065 4195 3079 Million CHF 3086 3603 3304 6M 2009 6M 2010 6M 2011 9 Half-year results 2011 © 2011 Holcim Ltd North America 11.4% Europe 29.5% Asia Pacific 38.8% Africa Middle East 4.6% Latin America 15.7% Net sales by region Net sales 6M 2011 [...]... -612 -598 2.3% 1,578 -478 -1'179 -146.7% 16 © 2011 Holcim Ltd Half- year results 2011 Financial position Million CHF Net financial debt 63.0% Total shareholders' equity Gearing 64.8% 53.8% 22,337 21,121 18,838 14,075 11,363 30.6.2010 31.12.2010 12,205 30.6 .2011 17 © 2011 Holcim Ltd Half- year results 2011 Financial debt, maturities and liquidity as of June 30, 2011 Maturity profile (CHF million) 5'000 Liquidity... -13.4% -19.0% 11 © 2011 Holcim Ltd Half- year results 2011 Operating profit Margin Million CHF 13.0% 13.0% 10.7% 1'306 1'416 1,084 Like-for-Like (LFL) Change in structure Forex movements Total change -466 -59 -133 -658 -23.7% -3.0% -6.8% -33.5% 6M 2009 13 53 44 110 1.0% 4.1% 3.3% 8.4% 6M 2010 -160 -8 -164 -332 -11.3% -0.5% -11.6% -23.4% 6M 2011 12 © 2011 Holcim Ltd Half- year results 2011 Operating profit... local currencies © 2011 Holcim Ltd 1 pro forma 29 Half- year 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 November 9, 2011 Press and analyst conference for the third quarter 2011 February 29, 2012 Press and analyst conference for the annual results for 2011 April 17, 2012... 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 31 © 2011 Holcim Ltd Half- year results 2011 Strength Performance Passion New Hermosillo plant (Mexico) © 2011 Holcim Ltd ... 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 30 © 2011 Holcim Ltd Half- year results 2011 Disclaimer Cautionary statement regarding forward-looking statements This presentation may... in USD © 2011 Holcim Ltd 25 Half- year results 2011 Cement – Price/volume variances per region Domestic cement prices +/- 6M 10/6M 11 * Africa Middle East Morocco Lebanon 1 Indian Ocean Domestic clinker and cement volumes +/- 6M 10/6M 11 1.1% 0.1% -8.0% -12.9% -0.1% 1.5% * If not otherwise indicated calculation based on local currencies (region Africa Middle East based on USD) © 2011 Holcim Ltd 1 Locally... -88.4% -16 -1.8% -17 -1.9% -835 -92.1% 6M 2011 15 © 2011 Holcim Ltd Half- year 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 net Dividends paid Financing requirement Full Year 6 months +/- 2010 2010 2011 3,659 906 72 -92.1% -410 -120 -259... -20.5% -12.9% -23.4% 13 © 2011 Holcim Ltd Half- year results 2011 Net income Million CHF Net income Net income (loss) - shareholders of Holcim Ltd 787 611 586 527 357 331 -41.2% -50.6% 6M 2009 -22.4% -37.2% 6M 2010 -4.2% +8.0% 6M 2011 14 © 2011 Holcim Ltd Half- year results 2011 Cash flow from operating activities Million CHF 8.3% 8.0% 906 Margin 0.7% 805 72 Like-for-Like (LFL) Change in structure FX movements... 2011 Holcim Ltd Half- year results 2011 Latin America – regional overview Million CHF (if not otherwise stated) Cement volumes (mt) 6 months 2010 2011 11.1 11.7 +/LFL CIS FX Total 5.4% 0.0% 5.4% Aggregates volumes (mt) 5.9 7.0 19.0% 0.0% 19.0% Ready-mix volumes (mm3) 4.9 5.3 6.6% 0.0% 6.6% 1,725 1,644 8.9% 0.0% -13.6% -4.7% 523 438 -3.4% 0.0% -12.9% -16.2% Net sales Operating EBITDA 21 © 2011 Holcim Ltd. .. change -403 -14.4% -54 -1.9% -202 -7.2% -659 -23.5% 6M 2009 42 105 53 200 2.0% 4.9% 2.4% 9.3% 6M 2010 -169 -7.2% 0 0.0% -276 -11.8% -445 -19.0% 6M 2011 10 © 2011 Holcim Ltd Half- year results 2011 Operating EBITDA by region Million CHF 6M 2009 6M 2010 6M 2011 1 140 85 559 92 500 378 1072 928 873 186 543 523 438 209 Δ 6M 10/6M 11 Europe North America Latin America Africa Middle East Asia Pacific Total . © 2011 Holcim Ltd New Hermosillo plant (Mexico) Half- year results 2011 1 Half- year results 2011 © 2011 Holcim Ltd Key financial figures 2010 2010 2011 LFL CIS FX Total Sales. 2011 9 Half- year results 2011 © 2011 Holcim Ltd North America 11.4% Europe 29.5% Asia Pacific 38.8% Africa Middle East 4.6% Latin America 15.7% Net sales by region Net sales 6M 2011 10 Half- year. 21.9 6M 2011 23.1 Total Asphalt 6M 2009 4.3 6M 2010 4.4 6M 2011 4.3 * Ready-mix concrete only Million m 3 /t 5 Half- year results 2011 © 2011 Holcim Ltd Exchange rates 1 Weighted with net sales 6M 2011 2 Weighted