First quarter results 2009 holcim ltd

©2009 Holcim Ltd First quarter results 2009 © Herzog & de Meuron 1 First quarter results 2009©2009 Holcim Ltd Key financial figures 2008 2008 2009 LFL CIS FX Total Net sales 25,157 5,509 4,523 -8.5% -0.6% -8.8% -17.9% Operating EBITDA 5,333 1,151 763 -23.0% -2.7% -8.0% -33.7% Operating profit 3,360 737 343 -41.5% -4.7% -7.3% -53.5% Net income 2,226 513 195 -55.9% -2.7% -3.4% -62.0% Cash flow from operating activities 3,703 -158 -161 7.0% -8.9% 0.0% -1.9% 6.82 1.41 0.29 -79.4% 7.60 2 EPS in CHF 1 Million CHF 1st Quarter +/-Full Year 1 Calculated on the weighted average number of shares outstanding 2 Net of plant closure costs 2 First quarter results 2009©2009 Holcim Ltd Major changes in the scope of consolidation Effective as of – Egyptian Cement Company January 23, 2008 – Holcim Venezuela December 31, 2008 +/– Various smaller companies 3 First quarter results 2009©2009 Holcim Ltd Exchange rates Statement of income average exchange rates in CHF Q1 07 Q1 08 Q1 09 +/- 1 EUR 1.62 1.60 1.50 -6.3% 1 GBP 2.41 2.09 1.65 -21.1% 1 USD 1.23 1.05 1.15 9.5% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.09 1.00 0.84 -16.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.06 1.00 0.88 -12.0% Statement of financial position exchange rates in CHF 31/03/08 31/12/08 31/03/09 +/- 1 EUR 1.57 1.49 1.52 2.0% 1 GBP 1.97 1.53 1.63 6.5% 1 USD 0.99 1.06 1.14 7.5% 1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.21 1.00 1.06 6.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 1.13 1.00 1.03 3.0% 1 Weighted by net sales Q1 2008 2 Weighted by net sales full year 2008 4 First quarter results 2009©2009 Holcim Ltd Cement – Sales volumes by region Δ Q1 08/Q1 09 LFL Change in structure Total Europe -31.5% 1.4% -30.1% North America -33.3% 0.0% -33.3% Latin America -7.6% -9.1% -16.7% Africa Middle East -4.0% -12.0% -16.0% Asia Pacific -0.6% 0.6% 0.0% Total -11.1% -2.1% -13.2% 1.8 2.72.9 5.1 7.3 7.2 16.816.8 15.9 2.1 2.5 4.0 5.5 6.3 6.6 Total Group Q1 2007 34.6 Q1 2008 34.2 Q1 2009 29.7 Million t 5 First quarter results 2009©2009 Holcim Ltd Aggregates – Sales volumes by region Δ Q1 08/Q1 09 LFL Change in structure Total Europe -29.8% 4.1% -25.7% North America -32.3% 1.5% -30.8% Latin America 3.3% -6.6% -3.3% Africa Middle East 0.0% 0.0% 0.0% Asia Pacific 0.0% 10.0% 10.0% Total -26.0% 2.8% -23.2% 4.5 7.0 6.5 16.2 21.8 22.9 1.1 1.0 0.8 0.40.4 2.5 2.9 3.0 3.0 Total Group Q1 2007 36.2 Q1 2008 32.7 Q1 2009 25.1 Million t 6 First quarter results 2009©2009 Holcim Ltd Ready-mix concrete and asphalt – Sales volumes 9.4 10.5 8.7 1.6 1.9 2.1 Q1 2007 Q1 2008 Q1 2009 -15.8% +11.7% Ready-mix concrete in million m 3 Asphalt in million t -17.1% +3.3% -9.5% +16.7% 7 First quarter results 2009©2009 Holcim Ltd 4,523 5,509 5,728 Q1 2007 Q1 2008 Q1 2009 Net sales Like-for-Like (LFL) 483 10.4% 421 7.4% -471 -8.5% Change in structure 722 15.6% -222 -3.9% -32 -0.6% Forex movements -105 -2.2% -418 -7.3% -483 -8.8% Total change 1,100 23.8% -219 -3.8% -986 -17.9% Million CHF 8 First quarter results 2009©2009 Holcim Ltd Net sales by region Δ Q1 08/Q1 09 LFL Change in structure Currency Total Europe -26.2% 2.7% -9.1% -32.6% North America -23.0% 0.5% 2.4% -20.1% Latin America 1.5% -8.1% -9.5% -16.1% Africa Middle East 3.2% -7.6% -1.3% -5.7% Asia Pacific 11.3% 0.5% -13.0% -1.2% Total -8.5% -0.6% -8.8% -17.9% 517 647 773 820 977 933 1511 2237 2243 538 314 296 1519 1537 1451 Q1 2007 Q1 2008 Q1 2009 Million CHF 9 First quarter results 2009©2009 Holcim Ltd North America 11.1% Europe 32.4% Asia Pacific 32.6% Africa Middle East 6.3% Latin America 17.6% Net sales by region Net sales Q1 2009 [...]... Asia Pacific 24.6% -0.7% -14.6% 9.3% Total -41.5% -4.7% -7.3% -53.5% 13 2009 Holcim Ltd First quarter results 2009 Group net income Million CHF Net income Net income - equity holders of Holcim Ltd 530 513 370 356 195 +94.1% +109.4% Q1 2007 -3.2% +3.9% Q1 2008 74 -62.0% -80.0% Q1 2009 14 2009 Holcim Ltd First quarter results 2009 Cash flow from operating activities Million CHF 130 201 55 -19 237 335.0%... currencies 2009 Holcim Ltd 23 First quarter results 2009 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, 2009 General meeting of the shareholders May 12, 2009 Dividend distribution (ex date) August 20, 2009 Half-year results 2009 November 11, 2009 Results for the third quarter 2009. .. securities 3 Liquidity III =Liquidity II + unused committed credit lines 2 2009 Holcim Ltd 18 First quarter results 2009 Financial position Million CHF 83.7% 87.9% 68.1% Net financial debt Total shareholders' equity Gearing 19,771 13,455 31.03.2008 17,974 15,047 31.12.2008 18,955 16,658 31.03 .2009 19 2009 Holcim Ltd First quarter results 2009 Cement – Price/volume variances by region Domestic cement prices... conference March 3, 2010 Annual results 2009 Press and analyst conference May 5, 2010 Results for the first quarter 2010 May 6, 2010 General meeting of the shareholders 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 2009 Holcim Ltd First quarter results 2009 ... 16 2009 Holcim Ltd First quarter results 2009 Financing Million CHF Financing requirement Capital (repaid to) paid-in by minority interests Movements of treasury shares net Increase in financial liabilities In(De)crease in cash and cash equivalents Full Year 1st Quarter 2008 2008 2009 -2,877 -1,577 -1,168 2 – – -349 -2 -20 4,119 1,530 1,312 895 -49 124 +/25.9% 353.1% 17 2009 Holcim Ltd First quarter. .. 11 2009 Holcim Ltd First quarter results 2009 Operating profit Million CHF Margin 15.8% 13.4% 1 904 8.6% 7.6% 737 343 Like-for-Like (LFL) Change in structure Forex movements Total change 183 128 -34 277 29.2% 20.4% -5.4% 44.2% Q1 2007 1 Margin on a like-for-like basis 2009 Holcim Ltd -6 -0.7% -106 -11.7% -55 -6.1% -167 -18.5% -306 -41.5% -35 -4.7% -53 -7.3% -394 -53.5% Q1 2008 Q1 2009 12 First quarter. .. 2009 Holcim Ltd 21 First quarter results 2009 Cement – Price/volume variances by region Domestic cement prices Domestic cement volumes +/- Q1 08/Q1 09 * +/- Q1 08/Q1 09 Africa Middle East Morocco Lebanon Indian Ocean * If not otherwise indicated calculation based on local currencies 1 Calculation in USD 2 Calculation in EUR 2009 Holcim Ltd 8.3% 9.9% -1.6% 1 2 -10.7% 2.0% -11.7% 22 First quarter results. .. 55 -19 237 187.9% 51.4% -17.8% 221.5% Q1 2007 40 51.9% -219 ##### -5 -6.5% -184 ##### Q1 2008 Q1 2009 -288 -221.5% -32 -24.6% 32 24.6% -288 -221.5% 11 7.0% -14 -8.9% 0 0.0% -3 -1.9% -158 -161 15 2009 Holcim Ltd First quarter results 2009 Cash flow statement Million CHF Full Year 1st Quarter +/- 2008 2008 2009 3,703 -158 -161 -1.9% -1,104 -215 -51 76.3% 2,599 -373 -213 42.9% Expansion investments -3,287... Total change 194 189 -42 341 19.4% 18.9% -4.2% 34.1% Q1 2007 1 Margin on a like-for-like basis 2009 Holcim Ltd 8 0.6% -109 -8.1% -90 -6.7% -191 -14.2% -265 -23.0% -31 -2.7% -92 -8.0% -388 -33.7% Q1 2008 Q1 2009 10 First quarter results 2009 Operating EBITDA by region Million CHF 435 17 -14 Q1 2007 Q1 2008 Q1 2009 424 119 -54 444 403 419 196 105 304 284 253 78 Δ Q1 08/Q1 09 LFL Change in Currency Total... 7.9% -14.9% -16.1% -29.0% -10.3% -9.6% -27.0% -38.2% -46.8% -57.6% -15.2% -31.8% -35.3% -35.1% -43.8% -29.7% -44.9% * If not otherwise indicated calculation based on local currencies 2009 Holcim Ltd 20 First quarter results 2009 Cement – Price/volume variances by region Domestic cement prices Domestic cement volumes +/- Q1 08/Q1 09 * +/- Q1 08/Q1 09 North America Canada USA 0.4% 0.2% -17.3% -27.4% Latin . 2009 Holcim Ltd First quarter results 2009 © Herzog & de Meuron 1 First quarter results 2009 2009 Holcim Ltd Key financial figures 2008 2008 2009 LFL CIS FX Total Net. 2007 Q1 2008 Q1 2009 -88 -62 -128 14 First quarter results 2009 2009 Holcim Ltd 195 513 530 74 370 356 Q1 2007 Q1 2008 Q1 2009 Net income Net income - equity holders of Holcim Ltd Group net income +109.4% -80.0% +94.1% -62.0% +3.9% -3.2% Million. America 17.6% Net sales by region Net sales Q1 2009 10 First quarter results 2009 2009 Holcim Ltd 763 1,151 1,342 16.9% 20.9% 23.4% 17.6% Q1 2007 Q1 2008 Q1 2009 Operating EBITDA Margin Like-for-Like