half year results 2005 strength performance passion holcim ltd

Half Year +/- 2004 * 2005 LFL CIS FX in CHF 6,317 7,870 7.2% 19.9% -2.5% 24.6% 1,720 2,037 7.2% 14.0% -2.8% 18.4% 1,071 1,448 23.7% 14.7% -3.2% 35.2% 477 774 -3.3% 62.3% 688 686 -12.1% 14.0% -2.2% -0.3% 1.78 2.85 -2.3% 60.1% 2.59 2.96 -1.5% 14.3% Half-Year Results 2005 Strength. Performance. Passion. Million CHF Cash flow from Cash EPS in CHF 1 Key financial figures Full Year 2004 Net sales 13,215Operating EBITDA 3,588Operating profit 2,251Net income 1,153 operating activities 2,622 EPS in CHF 4.32 1 Excludes the amortization of goodwill and other intangible assets * restated 2 Half-Year Results 2005 5.95 Effective + Cemento de El Salvador S.A. de C.V. December + Aggregate Industries plc March + Ambuja Cement Eastern Ltd. April 11, +/– Various smaller companies Balance sheet exchange rates in CHF 30/6/04 31/12/04 1 EUR 1.53 1.55 1 USD 1.26 1.14 1 African Basket (EGP, ZAR, MAD) 2 0.99 1.00 1 Asian Basket (AUD, NZD, THB, PHP) 2 1.03 1.00 Statement of income average exchange rates in CHF H1 03 H1 04 1 EUR 1.50 1.55 1 USD 1.35 1.27 1 African Basket (EGP, ZAR, MAD) 1 0.96 1.00 1 Asian Basket (AUD, NZD, THB, PHP) 1 0.99 1.00 1 Balance sheet only, no statement of income 3 Half-Year Results 2005 1 weighted by net sales H1 2004 2 weighted by net sales full year 2004 4 Half-Year Results 2005 Cement and clinker sales volumes by region Million t Major changes in the scope of consolidation Exchange rates H1 03 H1 04 12.6 14.9 14.9 H1 05 7.2 9.4 8.0 9.9 8.0 11.4 14.6 12.4 11.7 7.2 6.9 6.2 ∆ H1 04/H1 05 LFL Change in Total structure Europe -0.4% 0.4% 0.0% North America 0.0% 0.0% 0.0% Latin America 8.7% 6.5% 15.2% Africa Middle East 4.0% 0.3% 4.3% Asia Pacific 13.7% 4.0% 17.7% Total 4.0% 2.5% 6.5% 5 Half-Year Results 2005 Sales volumes aggregates and ready-mix concrete Aggregates sales in million t Ready-mix concrete sales in million m3 48.6 68.3 + 40.5% 42.9 + 1.4% + 13.3% 12.6 13.8 17.2 + 3.3% + 9.5% H1 2003 H1 2004 H1 2005 6 Half-Year Results 2005 Net sales Million CHF 7,870 + 24.6% 5,804 6,317 Like-for-like (LFL) -136 -2.1% 526 9.0% 455 7.2% Change in structure 67 1.0% 45 0.8% 1,258 19.9% Forex movements -568 -8.8% -58 -1.0% -160 -2.5% Total change -637 -9.9% 513 8.8% 1,553 24.6% H1 2003 H1 2004 H1 2005 7 Half-Year Results 2005 Net sales by region Million CHF 3066 H1 03 H1 04 1003 1088 1700 2112 2342 H1 05 565 725 859 843 947 1093 ∆ H1 04/H1 05 LFL Change in Currency Total 1381 1420 1464 structure Europe 5.0% 26.6% -0.7% 30.9% North America 13.4% 46.8% -4.0% 56.2% Latin America 2.4% 5.8% -5.1% 3.1% Africa Middle East 18.3% 2.1% -1.9% 18.5% Asia Pacific 15.2% 3.0% -2.8% 15.4% Total 7.2% 19.9% -2.5% 24.6% 8 Half-Year Results 2005 Net sales by region Sales H1 2005 North America 21% Europe 37% Asia Pacific 13% Latin America 18% Africa Middle East 11% 9 Half-Year Results 2005 Operating EBITDA Million CHF Margin 26.3% 27.2% 1,720 27.4% * 25.9% 2,037 1,527 Like-for-like (LFL) 7 0.4% 215 14.1% 124 7.2% Change in structure 41 2.5% 11 0.7% 241 14.0% Forex movements -177 -10.7% -33 -2.2% -48 -2.8% Total change -129 -7.8% 193 12.6% 317 18.4% H1 2003 H1 2004 H1 2005 * Excluding Aggregate Industries and India 10 Half-Year Results 2005 Operating EBITDA by region Million CHF H1 03 * 738 H1 04 * 614 H1 05 521 306 144 207 170 218 291 218 242 266 562 562 546 * restated ∆ H1 04/H1 05 LFL Change in Currency Total structure Europe 2.9% 17.8% -0.5% 20.2% North America 14.0% 39.6% -5.8% 47.8% Latin America -5.0% 7.0% -4.8% -2.8% Africa Middle East 31.2% 2.3% 0.0% 33.5% Asia Pacific 8.3% 4.1% -2.5% 9.9% Total 7.2% 14.0% -2.8% 18.4% 11 Half-Year Results 2005 Operating profit Million CHF Margin 19.7%* 15.2% 17.0% 18.4% 1,448 1,071 884 Like-for-like (LFL) 31 3.3% 201 22.8% 132 12.3% Goodwill amortization 122 11.4% Change in structure 24 2.6% 8 0.9% 158 14.7% Forex movements -106 -11.4% -22 -2.5% -35 -3.2% Total change -51 -5.5% 187 21.2% 377 35.2% H1 2003 H1 2004 H1 2005 * Excluding Aggregate Industries and India 12 Half-Year Results 2005 Operating profit by region Million CHF H1 03 * 522 H1 04 * H1 05 381 194 290 60 114 250 397 403 426 126 173 103 127 171 ∆ H1 04/H1 05 LFL Goodwill Change in Currency Total amort. structure * restated Europe 3.2% 16.5% 17.6% -0.3% 37.0% North America 29.6% 2.6% 45.5% -7.5% 70.2% Latin America -4.9% 8.0% 8.0% -5.4% 5.7% Africa Middle East 38.7% 2.9% 2.9% 0.0% 44.5% Asia Pacific 18.1% 14.2% 5.5% -3.2% 34.6% Total 12.3% 11.4% 14.7% -3.2% 35.2% 13 Half-Year Results 2005 Group net income Net income in million CHF Attributable to equity holders of Holcim Ltd in million CHF 774 +62.3% 650 +82.6% 402 477 +18.7% -5.9% 356 273 +30.4% * restated -6.5% H1 2003 H1 2004 * H1 2005 14 Half-Year Results 2005 Half-Year +/- 2004 2005 688 686 -0.3% -287 -390 35.9% 401 296 -26.2% -155 -215 38.7% -1,104 -4,731 328.5% -312 -451 44.6% -1,170 -5,101 336.0% Cash flow from operating activities Million CHF 688 686 602 Like-for-like (LFL) -133 -17.0% 96 16.0% -83 -12.1% Change in structure 33 4.2% 8 1.3% 96 14.0% Forex movements -79 -10.1% -18 -3.0% -15 -2.2% Total change -179 -22.9% 86 14.3% -2 -0.3% H1 2003 H1 2004 H1 2005 15 Half-Year Results 2005 Cash flow statement Investments to maintain productive Million CHF Full Year 2004 Cash flow from operating activities 2,622 16 Half-Year Results 2005 Half-Year +/- 2004 2005 -1,170 -5,101 336.0% 1,456 – -47 433 -436 5,296 34 5 -163 633 -488.3% Financing In(De)crease in cash and 17 Half-Year Results 2005 Financial position Financing requirement -172 Dividends paid -392 Financial investments net -1,279 Expansion investments -368 Free cash flow 1,867 capacity and to secure competitiveness -755 Million CHF Full Year 2004 Financing requirement -172 Capital paid-in 1,458 Movements of treasury shares net -40 In(De)crease in financing liabilities 74 Decrease in marketable securities 20 cash equivalents 1,340 [...]... payment August 24, 2006 Half- year results 2006 November 8, 2006 Third quarter results 2006 Conferences for press and analysts 23 Half- Year Results 2005 Group results show satisfying trend Holcim reported strong operating gains in the first half of 2004 and has posted solid financial resu lts This encouraging performance was shaped by an increase in building activity since the second half of 2 003 and by... 10 Fax +41 58 858 87 19 communications @holcim. com Investor Relations Phone +41 58 858 87 87 Fax +41 58 858 80 09 investor.relations @holcim. com www .holcim. com/investors Event calendar Mailing list: www .holcim. com/subscribe November 9, 2005 Third quarter results 2005 Conferences for press and analysts March 1, 2006 Annual results 2005 May 11, 2006 First quarter results 2006 May 12, 2006 Annual General... variances per region Domestic cement volumes * Calculation based on local currencies 19 Half- Year Results 2005 +/- H1 04/H1 05 -4.4% 3.4% Price / volume variances per region Domestic cement volumes 0.6% -3.2% -4.8% -10.8% 16.7% 23.0% 12.3% 3.6% 11.0% 22.6% * Calculation based on local currencies 20 Half- Year Results 2005 Asia Pacific Azerbaijan Sri Lanka Bangladesh Thailand Vietnam Malaysia Singapore... 17.0% -12.5% 14.6% Price / volume variances per region Domestic cement volumes * Calculation based on local currencies 21 Half- Year Results 2005 +/- H1 04/H1 05 -3.8% 4.6% 15.4% 13.9% 26.5% -13.0% 16.7% 14.0% -8.4% 6.5% 3.9% * Calculation based on local currencies 22 Half- Year Results 2005 Contact information and event calendar Asia Pacific Azerbaijan Sri Lanka Bangladesh Thailand Vietnam Malaysia Singapore... liabilities and shareholders’ equity Holcim Ltd Zürcherstrasse 156 CH-8645 Jona/Switzerland Phone +41 58 858 86 00 Fax +41 58 858 86 09 info @holcim. com www .holcim. com Corporate Communications Roland Walker Phone +41 58 858 87 10 Fax +41 58 858 87 19 communications @holcim. com Investor Relations Bernhard A Fuchs Phone +41 58 858 87 87 Fax +41 58 858 87 19 investor.relations @holcim. com ... (first half 2003: 5,804) and consolidated ope rating profit rose by an above-average 21.2 percent to CHF 1,071 million (first half 2003: 884) There was also significant improvement in consolidated net income after minority interests, amounting to CHF 370 million (fi rst half 2003: 273) Cash flow from operating activities also significantly exceeded the year- back result at CHF 688 million (first half. ..111.9% 75.9% 14,365 64.2% 10,661 10,623 8,061 30/06/2004 * restated 12,835 6,846 31/12/2004 * 30/06 /2005 Shareholders' equity in million CHF Net financial debt in million CHF Gearing 18 Half- Year Results 2005 Domestic cement prices +/- H1 04/H1 05 * 5.3% 16.0% -1.3% 9.8% 5.9% 5.1% -2.1% -40.8% 1.9% -8.5% -0.5% -0.7% North America Canada USA Latin America... (first half 2003: 385) Higher value added in Africa Middle East region Holcim s key cement markets in Africa Middle East held up well amid irregular regional growth Business remained robust in North Africa Holcim Morocco’s sales of cement and ready-mix concrete were buoyed by an expansion of the transport network and high demand in housing and tourism Egyptian Cement maintained stable volumes and Holcim. .. the first half, we achieved full control of National Cement Industries in Singapore, increasing a s take previously held under a joint venture Integration into the Holcim Group and expansion of the readymix company Eastern Concrete will strengthen our foothold in this crucial Asian city state As expected, we will commission our new grinding plant in Thi Vai in the third quarter 2004, thus strengthening... operations under full ownership t Stronger construction activity in Latin America d u Taken as a whole, Group region Latin America turned in a strong performance in the first half of the year e With the exception of Brazil and Chile, all markets supplied by Holcim saw cement consumption increase t Growth was driven by private housebuilding and investments in transport infrastructure In Venezuela and o . 24, 2006 Half- year results 2006 November 8, 2006 Third quarter results 2006 Conferences for press and analysts 23 Half- Year Results 2005 Group results show satisfying trend Holcim reported. -2.5% 24.6% 8 Half- Year Results 2005 Net sales by region Sales H1 2005 North America 21% Europe 37% Asia Pacific 13% Latin America 18% Africa Middle East 11% 9 Half- Year Results 2005 Operating. H1 2005 15 Half- Year Results 2005 Cash flow statement Investments to maintain productive Million CHF Full Year 2004 Cash flow from operating activities 2,622 16 Half- Year Results