holcim first quarter results 2011 holcim ltd

Cash flow statement Net investments to maintain productive capacity and to secure competitiveness -410 -48 -105 -117.5% +/-1 Retrospectively adjusted based on IAS 7... Maturity profile C

First quarter results 2011

minorities 1,621 66 122 103.9% -2.7% -16.0% 85.1%Net income (loss)

Holcim shareholders 1,182 -68 10 114.8% -2.6% 2.0% 114.2%Cash flow 3,659 -257 -538 -129.5% -4.8% 24.8% -109.5%

1 Calculated on the weighted average number of shares outstanding

Based on IAS 33 the average number of shares was retrospectively increased by 8.8%

Due to rounding, numbers presented throughout this report may not add up precisely to the totals provided All ratios and variances are

calculated using the underlying amount rather than the presented rounded amount.

1.8 1.7

1.8

5.2 5.1 4.3

19.3 18.2

16.8

1.9 2.1

2.1

5.6 5.5 5.5

Total Group Q1 2009 29.7 Q1 2010 31.0 Q1 2011 33.2 Million t

5.4 4.4

4.5

6.9 6.1

1.1

0.4 0.5

0.4

3.3 2.9 2.8

Total Group Q1 2009 25.1 Q1 2010 29.5 Q1 2011 34.3

Million t

18.3 16.2 15.7

0.9 0.9

0.8 0.3 0.2 0.2

3.1 2.9

1.6

0.3 0.2

0.2

2.5 2.4 2.4

Exchange rates

1 Weighted with net sales Q1 2011

2 Weighted with net sales full year 2010

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.96 1.00 0.93 -7.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.93 1.00 0.93 -7.0%

Statement of financial position

1 EUR 1.52 1.25 1.30 4.0%

1 GBP 1.63 1.45 1.48 2.1%

1 USD 1.14 0.94 0.92 -2.1%

1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.03 1.00 1.00 0.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 0.98 1.00 0.99 -1.0%

4,657 4,741

Net sales by region

396 454

517

804 822

820

218 272

296

2036 2004

North America

8.2%

Europe 28.3%

Asia Pacific 42.3%

Africa Middle East

4.5%

Latin America 16.7%

Net sales by region

Net sales Q1 2011

753

909 ,763

-27 -54 -29

217 248

253

73 91

78

Million CHF

75 137

119

1

Q1 2009 Q1 2010 Q1 2011

472 507

419

347

460 343

1

1 Margin on a like-for-like basis

Operating profit by region

164 196

205

60 78

64

343

367 316

Million CHF

-100 -114

Q1 2009 Q1 2010 Q1 2011

-58 -12

-56

Q1 2009

Cash flow statement

Net investments to maintain productive

capacity and to secure competitiveness -410 -48 -105 -117.5%

+/-1 Retrospectively adjusted based on IAS 7

Maturity profile (CHF million) 1

Financial debt, maturities and liquidity as of

2012

Loans Capital Markets

Liquidity summary

 Cash + marketable securities: CHF 3,313 million

 Cash + marketable securities + unused committed credit lines: CHF 9,071 million

 Current financial liabilities 1 : CHF 3,065 million Debt summary

 Fixed to floating ratio: 55% fixed

 Capital markets 66%; Loans 34%

 Corporate vs subsidiary debt: 75% corporate

 Ø total maturity: 3.8 years

 CP borrowings: CHF 65 million

 No financial covenants at corporate level ST/LT ratings summary as of May 3, 2011

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

 Fitch Credit Rating: F2 / BBB, outlook stable

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

101 73 -23.5% -0.7% -3.8% -27.9%

36 2 -91.1% -0.7% -1.6% -93.4%

- 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

70 83 20.4% 0.0% -1.6% 18.8%

437 389 -2.2% 0.0% -8.9% -11.2%

Aggregates volumes (mt)

- 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

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

Cement – Price/volume variances per region

Domestic cement prices

Cement – Price/volume variances per region

* If not otherwise indicated calculation based on local currencies

Domestic aggregates

prices

* If not otherwise stated calculation based on local currencies

Domestic aggregates

prices

* If not otherwise stated calculation based on local currencies 1 pro forma

November 9, 2011 Press and analyst conference for

the third quarter 2011 February 29, 2012 Press and analyst conference for

the annual results for 2011 April 17, 2012 General meeting of shareholders May 9, 2012 First quarter results for 2012

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.

Strength Performance Passion.