holcim first quarter results 2010 holcim ltd

10yMaturity profile CHF million 1 Financial debt, maturities and liquidity as of ƒ Fixed to floating ratio: 51% fixed ƒ Capital markets 64%; Loans 36% ƒ Corporate vs.. subsidiary debt:

Phu My Bridge, VietnamFirst quarter results 2010

minorities 1,958 195 66 -51.3% 0.5% -15.4% -66.2%Net income (loss)

Holcim shareholders 1,471 74 -68 -154.1% 1.4% -39.2% -191.9%Cash flow 3,888 -161 -257 -72.7% 1.9% 11.2% -59.6%EPS in CHF 1 4.93 0.26 -0.21 -180.8%

Major changes in the scope of consolidation

Effective as at

– United Cement Company of Nigeria April 1, 2009

+ Holcim Australia and Cement Australia October 1, 2009

+/– Various smaller companies

1.7 1.8

7.3

5.1

18.2 16.8

16.8

2.1 2.1

4.4 4.5

6.5

6.1 1.1

1.0

0.5 0.4

0.4

2.8

Total Group Q1 2008 32.7 Q1 2009 25.1 Q1 2010 29.5

Million t

15.7 21.8

16.2

0.9 0.8

1.1 0.4 0.3 0.2

2.9

1.6 1.7

0.2 0.2

Exchange rates

1 Weighted with net sales Q1 2010

2 Weighted with net sales full year 2009

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.19 1.00 1.05 5.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.17 1.00 1.08 8.0%

Statement of financial position

exchange rates in CHF 31/03/09 31/12/09 31/03/10 +/-

1 EUR 1.52 1.49 1.43 -4.0%

1 GBP 1.63 1.66 1.60 -3.6%

1 USD 1.14 1.03 1.06 2.9%

1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.06 1.00 1.14 14.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 1.04 1.00 1.13 13.0%

4,741 4,523

5,509

Like-for-Like (LFL) 421 7.4% -471 -8.5% -151 -3.3% Change in structure -222 -3.9% -32 -0.6% 283 6.3%

Net sales

Million CHF

Net sales by region

454 517

647

822 820

977

272 296

314

2004 1519

North America

9.3%

Europe 27.3%

Asia Pacific 41.0%

Africa Middle East

5.6%

Latin America 16.8%

Net sales by region

Net sales Q1 2010

909 763

-29 -14

-54

248 253

284

91 78

105

Million CHF

137 119

Q1 2008 Q1 2009 Q1 2010

507 419

403

460 343

Margin Million CHF

1

1 Margin on a like-for-like basis

Operating profit by region

196 205

229

78 64

90

367 316

289

Million CHF

-114 -128

Q1 2008 Q1 2009 Q1 2010

-12 -56

270

Net income

66 195

513

-68 74

Q1 2008

Cash flow statement

Cash flow from operating activities 3,888 -161 -257 -59.6%

Net investments to maintain productive

capacity and to secure competitiveness -376 -51 -48 5.9%

Expansion investments -1,929 -493 -259 47.5%

Financial investments net1 -2,211 -333 -70 79.0%Dividends paid -192 -9 -14 -55.6%

+/-1 Retrospectively adjusted based on IAS 7

<1y 2y 3y 4y 5y 6y 7y 8y 9y 10y >10y

Maturity profile (CHF million) 1

Financial debt, maturities and liquidity as of

ƒ Fixed to floating ratio: 51% fixed

ƒ Capital markets 64%; Loans 36%

ƒ Corporate vs subsidiary debt: 77% corporate

ƒ Ø total maturity: 4.2 years

ƒ CP borrowings: 0 million

ƒ No financial covenants at corporate level ST/LT ratings summary as of April 27, 2010

ƒ S&P Credit Rating: A-2 / BBB, outlook stable

ƒ Fitch Credit Rating: F2 / BBB, outlook stable

ƒ Moody’s Credit Rating: P-2 / Baa2, outlook stable

Loans Capital markets

1 Current financial liabilities adjusted for short-term drawings under long-term committed credit lines

2 Liquidity II =Cash + marketable securities

3 Liquidity III =Liquidity II + unused committed credit lines

Loans Capital markets

Cement volumes (mt) 5.1 4.3 -17.6% 1.9% -15.7%

3.4 3.0 -14.7% 2.9% -11.8%1.7 1.3 -23.5% 0.0% -23.5%16.2 15.7 -3.1% 0.0% -3.1%14.8 14.7 -0.7% 0.0% -0.7%1.4 1.0 -28.6% 0.0% -28.6%3.7 3.1 -16.2% 0.0% -16.2%3.2 2.9 -9.4% 0.0% -9.4%0.5 0.2 -60.0% 0.0% -60.0%

- of which mature markets

- of which emerging markets

- of which mature markets

- of which emerging markets

- of which mature markets

- of which emerging markets

- of which mature markets

- of which emerging markets

Ready-mix volumes (mm3)

Aggregates volumes (mt)

- of which mature markets

- of which emerging markets

Cement volumes (mt) 16.8 18.2 5.4% 2.9% 8.3%

0.7 1.1 -14.3% 71.4% 57.1%16.1 17.1 6.2% 0.0% 6.2%1.1 6.1 -9.1% 463.6% 454.5%0.3 5.5 33.3% n.m n.m.0.8 0.6 -25.0% 0.0% -25.0%1.6 2.9 6.2% 75.1% 81.3%0.1 1.3 0.0% n.m n.m1.5 1.6 6.7% 0.0% 6.7%

Net sales 1,519 2,004 5.1% 19.9% 6.9% 31.9%

125 525 -6.4% 241.6% 84.8% 320.0%1,394 1,479 6.2% 0.0% -0.1% 6.1%

- of which mature markets

- of which emerging markets

Million CHF

(if not otherwise stated)

First quarter

- of which mature markets

- of which emerging markets

- of which mature markets

- of which emerging markets

Ready-mix volumes (mm3)

- of which mature markets

- of which emerging markets

- of which mature markets

- of which emerging markets

Asia Pacific – mature and emerging market

highlights

Domestic cement prices

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

Cement – Price/volume variances per region

Domestic cement prices

Domestic cement prices

Cement – Price/volume variances per region

Cement – Price/volume variances per region

* If not otherwise indicated calculation based on local currencies

Domestic cement prices

Domestic aggregates

prices

* If not otherwise stated calculation based on local currencies

Domestic aggregates

prices

* If not otherwise stated calculation based on local currencies

Disclaimer

Cautionary statement regarding forward-looking statements

This presentation may contain certain forward-looking statements

relating to the Group’s future business, development and economic performance

Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to (1) competitive pressures; (2) legislative and regulatory developments; (3) global,

macroeconomic and political trends; (4) fluctuations in currency

exchange rates and general financial market conditions; (5) delay or inability in obtaining approvals from authorities; (6) technical

developments; (7) litigation; (8) adverse publicity and news

coverage, which could cause actual development and results to differ materially from the statements made in this presentation Holcim

assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise.

Phu My Bridge, VietnamStrength Performance Passion.