Third quarter results and outlook for 2008 holcim ltd switzerland

Operating EBITDA growth tampered by a few important markets Diversification helps to mitigate negative EBITDA contributions Change in internal growth -5% Change in operating EBITDA Indi

Third quarter results and outlook for 2008

Overview: Further slowdown in third quarter

y Turbulence in financial sector slowing down real economy

y Inflation and surge in cost of energy and resources

y Differing regional economic developments

y Strong Swiss franc hurts income statement

y Satisfactory results despite difficult environment

y Measures to further improve efficiency

Operating EBITDA growth tampered by a few

important markets

Diversification helps to mitigate negative EBITDA contributions

Change in internal growth

-5% Change in operating EBITDA

India

+6% All other Holcim countries

-11% Total

Spain USA/UK

9 months 2008 vs

2007, like-for-like

in million CHF

Europe: Slowdown in construction activity

y Marked declines in the UK and Spain

y Rest of western and central Europe has held up well

y Eastern and southeastern Europe remain strong

y Increase in energy costs partially offset

y Slightly declining operating EBITDA

y Planned closure of Torredonjimeno plant in Spain

North America: Declining construction activity

y US residential tumbling – infrastructure held up

y Slowdown in growth in Canada too

y Cement production scaled back at some US plants

y Sales of aggregates down; sales of concrete rising

y Sharp decrease in operating EBITDA

y Planned closure of the Dundee and Clarksville plants in the USA

y Support from residential and infrastructure construction

y Rising sales across all segments

y Higher-than-average rise in ready-mix concrete

y High energy costs and unfavorable exchange rates

y Strong internal operating EBITDA growth

Latin America: Robust building materials demand

Africa Middle East: Strong construction markets

y Mainly impulses from residential construction

y South Africa and Egypt no longer consolidated

y Higher like-for-like sales volumes across the board

y New Settat plant making key contribution to results

y Gratifying internal operating EBITDA growth

y Building materials demand high; falling market

momentum

y Rising sales across all segments

y Margins squeezed by inflation-related surge in costs

y Less room for maneuver in adjusting prices in India

y Decline in operating EBITDA

Asia Pacific: Good capacity utilization

in construction

Key financial figures

Net sales 27,052 20,286 19,340 6.6% -1.7% -9.6% -4.7%Operating EBITDA 6,930 5,340 4,365 -5.2% -4.7% -8.4% -18.3%Operating profit 5,024 3,961 3,087 -7.9% -6.3% -7.9% -22.1%Net income 4,545 1 3,857 1 2,107 -38.6% 1 -2.1% -4.7% -45.4%Cash flow from

operating activities 5,323 3,260 1,658 -42.6% -2.3% -4.2% -49.1%

EPS in CHF 2

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 for-like and excluding the onetime effects of the previous year net income declined by -8.8%

Like-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

Major changes in the scope of consolidation

Effective as at

– Egyptian Cement Company January 23, 2008

+/– Various smaller companies

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.02 1.00 0.92 -8.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.95 1.00 0.88 -12.0%

1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.03 1.00 0.94 -6.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 1.03 1.00 0.84 -16.0%

1 Weighted by net sales 9M 2007

2 Weighted by net sales full year 2007

Cement – Sales volumes by region

13.7

26.2 26.1

24.7

49.1 48.5

39.4 7.0

11.2 11.3

20.6 19.5 19.8

Total Group 9M 2006 103.8 9M 2007 112.8 9M 2008 108.8 Million t

74.1

76.4 69.6

3.5 3.0

2.3

2.0 5.2

8.4

10.0 9.7 9.4

Total Group 9M 2006 138.0 9M 2007 137.0 9M 2008 127.3 Million t

Ready-mix concrete and asphalt – Sales volumes

Ready-mix concrete in million m3

19,340 20,286

Net sales by region

3373 4016

4110

3163 2961

2750

7927 6306

7773

4599 4678

3342

9M 2006 9M 2007 9M 2008 Million CHF

North America 16.8%

Europe 39.5%

Asia Pacific 22.9%

Africa Middle East

5.0%

Latin America 15.8%

Net sales by region

Net sales 9M 2008

5,340 4,489

924 932

955

1715 1464

1835

307 535

512

1137 1402

933

9M 2007 9M 2008

1

Operating profit by region

752 752

765

1227 1345

1058

264

481 445

807 1035

Million CHF

207

492 525

9M 2006 9M 2007 9M 2008

Cash flow statement

Net investments to maintain productive

capacity and to secure competitiveness -1,043 -738 -692 -6.2%

Expansion investments -2,245 -1'360 -2,143 57.6%Financial investments net -2,277 -1,428 -929 -34.9%

Financing

Capital (repaid to) paid-in by minority

Movements of treasury shares net -12 -12 -229

Increase in financial liabilities 1'293 1'121 4,072

In(De)crease in cash and

Net financial debt

Total shareholders' equity

Gearing

Financial position

Maturity profile (billion CHF) Liquidity summary1

ƒ Liquidity II: CHF 3.7 billion

ƒ Liquidity III: CHF 5.7 billion Debt summary

ƒ Fixed to floating ratio: 32% Fixed

ƒ Capital markets 43%; loans 57%

ƒ Corporate vs subsidiary debt: 79% Corporate

ƒ Ø Total maturity: 3.7 years

ƒ CP Borrowings: EUR 424 million Corporate credit lines summary

ƒ No financial covenants

ƒ No MAC (material adverse change) clauses

ƒ Ø Credit line maturity: 3.9 years

ƒ Credit line maturities next 12 months: CHF 297 million (CHF 255 million drawn)

ƒ Number of counterparties: 34 Ratings summary

ƒ S&P Credit Rating: BBB+ LT stable

ƒ Fitch Credit Rating: BBB+ LT stable

ƒ Moody’s Credit Rating: Baa1 LT stable

1 Liquidity II =Cash + marketable securities

Liquidity III =Liquidity II + unused committed credit lines

Financial debt, maturity and liquidity

Outlook for 2008: Holcim well positioned

Against the backdrop of a slowing global economy, Holcim

forecasts that internal operating EBITDA development,

excluding the planned plant closing costs, will continue to

weaken in the fourth quarter.

Prepared for a difficult economic environment

y Uncertain medium and long-term market forecasts

y Cost management tremendously important

y Demand-related capacity adjustments

y Differentiated investment policy

continue

Cement – Price/volume variances per region

Domestic cement prices

Domestic cement prices

* If not otherwise indicated calculation based on local currencies 1 Calculation in USD

Cement – Price/volume variances per region

Africa Middle East

Domestic cement prices

Cement – Price/volume variances per region

Domestic cement prices

* If not otherwise indicated calculation based on local currencies

Cement – Price/volume variances per region

1 Locally not published yet

Contact information and event calendar

Conferences for press and analysts May 6, 2009 First quarter results 2009

May 7, 2009 Annual General Meeting May 12, 2009 Dividend payment (ex date) August 20, 2009 Half-year results 2009

November 11, 2009 Third quarter results 2009

Conferences for press and analysts

Strength Performance Passion.