©2007 Holcim/Switzerland Half-Year Results 2007 1 Half-Year Results 2007©2007 Holcim/Switzerland Key financial figures 2006 2006 2007 LFL CIS FX in CHF Net sales 23,969 10,879 13,002 9.3% 8.8% 1.4% 19.5% Operating EBITDA 6,086 2,717 3,324 12.5% 9.0% 0.8% 22.3% Operating profit 4,385 1,941 2,423 15.8% 8.4% 0.6% 24.8% Net income 2,719 1,088 2,858 1 149.7% 16.1% -3.1% 162.7% Cash flow from operating activities 4,423 816 1,733 2 98.2% 12.1% 2.1% 112.4% EPS in CHF 8.64 3.52 9.42 167.6% Million CHF Half Year +/-Full Year 1 Including a capital gain on the sale of Holcim South Africa of CHF 1,110 million and a special dividend of CHF 150 million, net 2 Including a special dividend of CHF 171 million related to the sale of Holcim South Africa 2 Half-Year Results 2007©2007 Holcim/Switzerland Major changes in the scope of consolidation Effective as at + ACC, India January 24, 2006 + Ambuja Cements, India May 3, 2006 + Meyer Material, US July 21, 2006 + Foster Yeoman, UK September 7, 2006 - Holcim South Africa June 5, 2007 +/– Various smaller companies 3 Half-Year Results 2007©2007 Holcim/Switzerland Exchange rates Statement of income average exchange rates in CHF H1 05 H1 06 H1 07 +/- 1 EUR 1.55 1.56 1.63 4.5% 1 GBP 2.26 2.27 2.42 6.6% 1 USD 1.21 1.27 1.23 -3.1% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.92 1.00 0.97 -3.0% 1 African Basket (EGP, ZAR, MAD) 1 0.96 1.00 0.91 -9.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.96 1.00 1.03 3.0% Balance sheet exchange rates in CHF 30/06/06 31/12/06 30/06/07 +/- 1 EUR 1.57 1.61 1.66 3.1% 1 GBP 2.26 2.40 2.47 2.9% 1 USD 1.23 1.22 1.23 0.8% 1 LATAM Basket (MXN, BRL, ARS, CLP) 2 0.98 1.00 1.03 3.0% 1 African Basket (EGP, ZAR, MAD) 2 0.99 1.00 1.01 1.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 0.97 1.00 1.09 9.0% 1 Weighted by net sales H1 2006 2 Weighted by net sales full year 2006 4 Half-Year Results 2007©2007 Holcim/Switzerland Cement – Sales volumes by region Δ H1 06/H1 07 LFL Change in structure Total Europe 5.2% 3.9% 9.1% North America -13.8% 0.0% -13.8% Latin America 0.0% 0.0% 0.0% Africa Middle East 13.7% -5.5% 8.2% Asia Pacific 9.1% 24.6% 33.7% Total 3.8% 9.5% 13.3% 7.5 8.7 8.0 16.8 15.4 14.9 32.5 24.3 14.6 7.9 7.3 7.2 12.9 11.4 12.9 Total Group H1 2005 52.5 H1 2006 65.5 H1 2007 74.2 Million t 5 Half-Year Results 2007©2007 Holcim/Switzerland Aggregates – Sales volumes by region Δ H1 06/H1 07 LFL Change in structure Total Europe 1.4% 13.7% 15.1% North America -19.1% 6.2% -12.9% Latin America -3.2% 0.0% -3.2% Africa Middle East 1.9% -16.7% -14.8% Asia Pacific 35.7% 0.0% 35.7% Total -4.8% 8.0% 3.2% 23.7 27.2 20.7 51.0 44.3 35.6 1.9 1.41.6 4.6 5.4 4.6 6.1 5.8 6.3 Total Group H1 2005 68.3 H1 2006 84.6 H1 2007 87.3 Million t 6 Half-Year Results 2007©2007 Holcim/Switzerland Ready-mix concrete and asphalt – Sales volumes 6.1 6.1 17.2 20.7 21.2 4.0 H1 2005 H1 2006 H1 2007 0.0% +20.4% Ready-mix concrete in million m 3 Asphalt in million t +2.4% +24.6% +52.5% 7 Half-Year Results 2007©2007 Holcim/Switzerland 13,002 10,879 7,870 H1 2005 H1 2006 H1 2007 Net sales Like-for-Like (LFL) 455 7.2% 865 11.0% 1,009 9.3% Change in structure 1,258 19.9% 1,747 22.2% 962 8.8% Forex movements -160 -2.5% 397 5.0% 152 1.4% Total change 1,553 24.6% 3,009 38.2% 2,123 19.5% Million CHF 8 Half-Year Results 2007©2007 Holcim/Switzerland Net sales by region Δ H1 06/H1 07 LFL Change in structure Currency Total Europe 11.1% 9.7% 6.5% 27.3% North America -6.3% 4.1% -3.0% -5.2% Latin America 8.2% 0.2% -2.5% 5.9% Africa Middle East 22.8% -8.8% -6.6% 7.4% Asia Pacific 17.7% 26.9% 3.6% 48.2% Total 9.3% 8.8% 1.4% 19.5% 2253 2376 1700 1923 1816 1464 5065 3066 3980 859 1005 1079 3083 2080 1093 H1 2005 H1 2006 H1 2007 Million CHF 9 Half-Year Results 2007©2007 Holcim/Switzerland North America 16.8% Europe 37.8% Asia Pacific 23.0% Africa Middle East 8.0% Latin America 14.4% Net sales by region Net sales H1 2007 [...]... 858 80 09 investor.relations @holcim. com www .holcim. com/investors May 6, 2008 First quarter results 2008 May 7, 2008 Annual General Meeting May 13, 2008 Dividend payment August 21, 2008 Half- year results 2008 November 12, 2008 Third quarter results 2008 Conferences for press and analysts Mailing list: www .holcim. com/subscribe 23 2007 Holcim/ Switzerland Half- Year Results 2007 ... interests In(De)crease in cash and cash equivalents 74.8% 147.5% 17 2007 Holcim/ Switzerland Half- Year Results 2007 Financial position Million CHF Net financial debt Total shareholders' equity Gearing 69.7% 68.6% 60.3% 22,012 18,725 17,563 12,240 30.06.2006 12,837 31.12.2006 13,279 30.06 .2007 18 2007 Holcim/ Switzerland Half- Year Results 2007 Cement – Price/volume variances per region Domestic cement prices... 61.5% 22.3% 11 2007 Holcim/ Switzerland Half- Year Results 2007 Operating profit Margin Million CHF 18.4% 17.8% 18.6% 2,423 1,941 1,448 Like-for-Like (LFL) Change in structure Forex movements Total change 132 158 -35 255 11.1% 13.2% -2.9% 21.4% H1 2005 260 17.9% 163 11.3% 70 4.8% 493 34.0% 307 15.8% 164 8.4% 11 0.6% 482 24.8% H1 2006 H1 2007 12 2007 Holcim/ Switzerland Half- Year Results 2007 Operating... months ACL 2 Locally not published yet 2007 Holcim/ Switzerland 22 Half- Year Results 2007 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 7, 2007 Third quarter results 2007 Conferences for press and analysts February 27, 2008 Annual results 2007 Conferences for press and analysts... capacity and to secure competitiveness Free cash flow 1 Including a special dividend of CHF 171 million related to the sale of Holcim South Africa 2007 Holcim/ Switzerland 2007 +/- 2006 1,733 1 112.4% 16 Half- Year Results 2007 Financing Million CHF Full Year Half Year 2006 2006 2007 -661 -1,200 -302 1,705 1,704 – -548 17 -2 Movements of treasury shares net -42 -42 -7 In(De)crease in financial liabilities... -83 -12.1% 96 14.0% -15 -2.2% -2 -0.3% H1 2006 Including a special dividend of CHF 171 million related to the sale of Holcim South Africa 2007 Holcim/ Switzerland 801 98.2% 99 12.1% 17 2.1% 917 112.4% H1 2007 1 15 Half- Year Results 2007 Cash flow statement Million CHF Full Year Half Year 2006 4,423 816 -1,062 -441 -433 1.8% 3,361 375 1,300 246.7% Expansion investments -1,265 -475 -870 -83.2% Financial... income Net income - equity holders of Holcim Ltd 2,858 2,423 +162.7% +195.1% 1,088 757 +60.4% 633 +80.3% H1 2005 1 2 1 +43.7% 821 +29.7% H1 2006 H1 2007 2 Adjusted in line with revised IFRS Including a capital gain on the sale of Holcim South Africa of CHF 1,110 million and a special dividend of CHF 150 million, net 2007 Holcim/ Switzerland 14 Half- Year Results 2007 Cash flow from operating activities... Total change 124 7.2% 241 14.0% -48 -2.8% 317 18.4% 273 13.4% 308 15.1% 99 4.9% 680 33.4% 340 12.5% 244 9.0% 23 0.8% 607 22.3% H1 2005 H1 2006 H1 2007 10 2007 Holcim/ Switzerland Half- Year Results 2007 Operating EBITDA by region Million CHF H1 2005 H1 2006 H1 2007 1135 890 738 306 376 343 940 582 291 546 646 322 Δ H1 06/H1 07 608 Europe North America Latin America Africa Middle East Asia Pacific Total... local currencies 2007 Holcim/ Switzerland 1 Calculation in USD 20 Half- Year Results 2007 Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 06/H1 07 * +/- H1 06/H1 07 Africa Middle East Morocco 1 Egypt Lebanon Indian Ocean * If not otherwise indicated calculation based on local currencies 1 Locally not published yet 2 Calculation in USD 2007 Holcim/ Switzerland... H1 2006 H1 2007 815 625 522 194 217 168 699 250 278 404 350 171 520 426 487 Δ H1 06/H1 07 Europe North America Latin America Africa Middle East Asia Pacific Total LFL Change in Currency structure 17.1% 7.0% 6.3% -17.5% -2.3% -2.8% -3.1% 0.0% -3.2% 44.6% -10.4% -8.3% 29.7% 38.4% 4.9% 15.8% 8.4% 0.6% Total 30.4% -22.6% -6.3% 25.9% 73.0% 24.8% 13 2007 Holcim/ Switzerland Half- Year Results 2007 Net income . 2007 Holcim/ Switzerland Half- Year Results 2007 1 Half- Year Results 2007 2007 Holcim/ Switzerland Key financial figures 2006 2006 2007 LFL CIS FX in CHF Net sales. +/- Full Year Half Year 1 Including a special dividend of CHF 171 million related to the sale of Holcim South Africa 17 Half- Year Results 2007 2007 Holcim/ Switzerland Financing 2006 2006 2007 Financing. H1 2006 H1 2007 14 Half- Year Results 2007 2007 Holcim/ Switzerland Net income 2,858 1,088 757 2,423 821 633 H1 2005 H1 2006 H1 2007 Net income Net income - equity holders of Holcim Ltd +80.3% +195.1% +60.4% +162.7% 1 +29.7% +43.7% Million