First quarter results 2008 holcim ltd

©2008 Holcim First quarter results 2008 1 First quarter results 2008©2008 Holcim Key financial figures 2007 2007 2008 LFL CIS FX in CHF Net sales 27,052 5,728 5,509 7.4% -3.9% -7.3% -3.8% Operating EBITDA 6,930 1,342 1,151 0.6% -8.1% -6.7% -14.2% Operating profit 5,024 904 737 -0.7% -11.7% -6.1% -18.5% Net income 4,545 1 356 370 24.2% -10.7% -9.6% 3.9% Cash flow from operating activities 5,323 130 -158 -221.5% -24.6% 24.6% -221.5% 14.86 1.40 1.41 0.7% 10.02 3 EPS in CHF 2 Million CHF 1st Quarter +/-Full Year 1 Including a capital gain on the sale of a stake in Holcim South Africa of CHF 1,110 million and a special dividend of CHF 150 million, net 2 Calculated on the weighted average number of shares outstanding 3 Excluding the non-recurring capital gain on the sale of a stake in Holcim South Africa 2 First quarter results 2008©2008 Holcim Major changes in the scope of consolidation Effective as at - Holcim South Africa June 5, 2007 - Egyptian Cement Company January 23, 2008 +/– Various smaller companies 3 First quarter results 2008©2008 Holcim Exchange rates Statement of income average exchange rates in CHF Q1 06 Q1 07 Q1 08 +/- 1 EUR 1.56 1.62 1.60 -1.2% 1 GBP 2.28 2.41 2.09 -13.3% 1 USD 1.30 1.23 1.05 -14.6% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.08 1.00 0.91 -9.0% 1 African Basket (EGP, ZAR, MAD) 1 1.16 1.00 0.87 -13.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.03 1.00 0.94 -6.0% Balance sheet exchange rates in CHF 31/03/07 31/12/07 31/03/08 +/- 1 EUR 1.62 1.66 1.57 -5.3% 1 GBP 2.39 2.25 1.97 -12.4% 1 USD 1.22 1.13 0.99 -12.1% 1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.05 1.00 0.91 -9.0% 1 African Basket (EGP, ZAR, MAD) 2 1.02 1.00 0.85 -15.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 1.00 1.00 0.88 -12.0% 1 Weighted by net sales Q1 2007 2 Weighted by net sales full year 2007 4 First quarter results 2008©2008 Holcim Cement – sales volumes by region Δ Q1 07/Q1 08 LFL Change in structure Total Europe 1.4% 0.0% 1.4% North America -6.9% 0.0% -6.9% Latin America 4.8% 0.0% 4.8% Africa Middle East 10.0% -47.5% -37.5% Asia Pacific 5.0% 0.7% 5.7% Total 4.0% -5.2% -1.2% 2.72.9 3.5 7.3 7.2 5.9 16.8 15.9 10.1 2.5 4.0 3.4 6.6 6.4 6.3 Total Group Q1 2006 27.8 Q1 2007 34.6 Q1 2008 34.2 Million t 5 First quarter results 2008©2008 Holcim Aggregates – sales volumes by region Δ Q1 07/Q1 08 LFL Change in structure Total Europe -7.4% 2.6% -4.8% North America -7.1% 0.0% -7.1% Latin America 0.0% 0.0% 0.0% Africa Middle East 0.0% -84.0% -84.0% Asia Pacific 25.0% 0.0% 25.0% Total -5.5% -4.2% -9.7% 6.5 9.3 7.0 21.8 22.9 18.9 1.0 0.8 0.7 0.4 2.52.5 3.0 3.1 3.0 Total Group Q1 2006 34.5 Q1 2007 36.2 Q1 2008 32.7 Million t 6 First quarter results 2008©2008 Holcim Ready-mix concrete and asphalt – sales volumes 2.1 1.9 9.1 9.4 10.5 1.8 Q1 2006 Q1 2007 Q1 2008 -9.5% +3.3% Ready-mix concrete in million m 3 Asphalt in million t +11.7% +44.4% +16.7% n.a. 7 First quarter results 2008©2008 Holcim 5,509 5,728 4,628 Q1 2006 Q1 2007 Q1 2008 Net sales Like-for-Like (LFL) 481 17.6% 483 10.4% 421 7.4% Change in structure 1,105 40.5% 722 15.6% -222 -3.9% Forex movements 312 11.4% -105 -2.2% -418 -7.3% Total change 1,898 69.5% 1,100 23.8% -219 -3.8% Million CHF 8 First quarter results 2008©2008 Holcim Net sales by region Δ Q1 07/Q1 08 LFL Change in structure Currency Total Europe 5.8% 0.9% -6.4% 0.3% North America -7.9% 2.5% -10.9% -16.3% Latin America 15.5% 0.5% -11.3% 4.7% Africa Middle East 13.8% -52.8% -2.6% -41.6% Asia Pacific 11.7% 1.2% -7.0% 5.9% Total 7.4% -3.9% -7.3% -3.8% 647 773 884 977 933926 2243 1652 2237 466 538 314 1537 1451 862 Q1 2006 Q1 2007 Q1 2008 Million CHF 9 First quarter results 2008©2008 Holcim North America 11.3% Europe 39.2% Asia Pacific 26.9% Africa Middle East 5.5% Latin America 17.1% Net sales by region Net sales Q1 2008 [...]... 13.4% 10.4% 3.6% 1.3% 22 First quarter results 2008 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 7, 2008 Annual General Meeting May 13, 2008 Dividend payment (ex date) August 21, 2008 Half-year results 2008 November 12, 2008 Third quarter results 2008 Conferences for press... for press and analysts March 4, 2009 Annual results 2008 Conferences for press and analysts May 6, 2009 First quarter results 2009 May 7, 2009 Annual General Meeting 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 23 2008 Holcim First quarter results 2008 ... 2008 Holcim First quarter results 2008 Operating profit Margin 15.8% Million CHF 1 14.6% 13.4% 13.5% 904 737 627 Like-for-Like (LFL) Change in structure Forex movements Total change Margin on a like-for-like basis 2008 Holcim 183 128 -34 277 Q1 2006 1 154 37.5% 12 2.9% 50 12.2% 216 52.6% 29.2% 20.4% -5.4% 44.2% Q1 2007 -6 -106 -55 -167 -0.7% -11.7% -6.1% -18.5% Q1 2008 12 First quarter results 2008. .. liabilities In(De)crease in cash and cash equivalents 129.5% 87% 17 2008 Holcim First quarter results 2008 Financial position Million CHF Net financial debt Total shareholders' equity 70.0% 58.7% Gearing 68.1% 21,945 19,771 19,309 13,508 31.03.2007 12,873 31.12.2007 13,455 31.03 .2008 18 2008 Holcim First quarter results 2008 Cement – Price/volume variances per region Domestic cement prices Domestic... 2008 Holcim First quarter results 2008 Financing Million CHF Full Year 1st Quarter 2007 2007 2008 -1,114 -687 -1,577 -8 – – Capital (repaid to) paid-in by minority interests -11 8 – Movements of treasury shares net -12 11 -2 1,293 283 1,530 148 -385 -49 +/- Financing requirement Share capital paid-in Increase in financial liabilities In(De)crease in cash and cash equivalents 129.5% 87% 17 2008 Holcim. .. 2008 Holcim 1 Calculation in USD 20 First quarter results 2008 Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- Q1 07/Q1 08 * +/- Q1 07/Q1 08 Africa Middle East Morocco Egypt Lebanon Indian Ocean * If not otherwise indicated calculation based on local currencies 1 Calculation in USD 2008 Holcim 5.9% 16.6% 16.7% 1 10.0% 34.0% -61.0% 2.3% 22.1% 21 First quarter. .. change Q1 2006 40 51.9% -219 -284.4% -5 -6.5% -184 -239.0% 201 -187.9% 55 -51.4% -19 17.8% 237 -221.5% Q1 2007 Q1 2008 -288 -221.5% -32 -24.6% 32 24.6% -288 -221.5% -107 -158 15 2008 Holcim First quarter results 2008 Cash flow statement Million CHF Full Year 1st Quarter +/- 2007 2007 2008 5,323 130 -158 -221.5% -1,043 -254 -215 -15.4% 4,280 -124 -373 -200.8% Expansion investments -2,245 -305 -574... -49.2% -10.8% -18.5% 13 2008 Holcim First quarter results 2008 Group net income Million CHF Net income Net income - equity holders of Holcim Ltd 530 513 +94.1% -3.2% 356 +109.4% 273 +69.6% 370 +3.9% 170 +41.7% Q1 2006 Q1 2007 Q1 2008 14 2008 Holcim First quarter results 2008 Cash flow from operating activities Million CHF 130 Like-for-Like (LFL) Change in structure Forex movements Total change Like-for-Like... movements Total change 165 102 76 343 25.1% 15.5% 11.6% 52.1% Q1 2006 1 Margin on a like-for-like basis 2008 Holcim 194 189 -42 341 19.4% 18.9% -4.2% 34.1% Q1 2007 8 0.6% -109 -8.1% -90 -6.7% -191 -14.2% Q1 2008 10 First quarter results 2008 Operating EBITDA by region Million CHF 435 Q1 2006 Q1 2007 Q1 2008 424 291 77 17 444 403 -14 217 196 151 105 329 304 284 Δ Q1 07/Q1 08 LFL Change in Currency Total... 324 177 128 263 Q1 2006 Q1 2007 Q1 2008 242 289 141 90 229 Δ Q1 07/Q1 08 Europe North America Latin America Africa Middle East Asia Pacific Total LFL Change in Currency structure 1.8% -0.4% -4.3% -56.5% -3.2% 17.8% 7.9% 0.0% -13.3% 12.4% -59.3% -2.3% -5.6% 0.0% -5.2% -0.7% -11.7% -6.1% Total -2.9% -41.9% -5.4% -49.2% -10.8% -18.5% 13 2008 Holcim First quarter results 2008 Group net income Million CHF . 2008 Holcim First quarter results 2008 1 First quarter results 2008 2008 Holcim Key financial figures 2007 2007 2008 LFL CIS FX in CHF Net sales 27,052. 2006 Q1 2007 Q1 2008 14 First quarter results 2008 2008 Holcim Group net income 513 530 273 370 356 170 Q1 2006 Q1 2007 Q1 2008 Net income Net income - equity holders of Holcim Ltd +41.7% +3.9% +69.6% -3.2% +109.4% +94.1% Million. 34.5 Q1 2007 36.2 Q1 2008 32.7 Million t 6 First quarter results 2008 2008 Holcim Ready-mix concrete and asphalt – sales volumes 2.1 1.9 9.1 9.4 10.5 1.8 Q1 2006 Q1 2007 Q1 2008 -9.5% +3.3% Ready-mix