Third quarter results 2011 and outlook 2011 holcim ltd switzerland

Slightly better building materials demand in North America road-building sales of aggregates and ready-mix concrete relevant markets amid relatively stable prices and expenses incurred b

New Shurovo plant (Russia)

Third quarter results 2011 and outlook

Holcim at a glance

concrete over nine months and in the third quarter

CHF 458 million

could not yet be passed on completely to sales prices

last year's level

Higher sales of cement and aggregates in Europe

ready-mix concrete nearly matched the previous year's level

Switzerland and Russia, as well as some parts of Eastern Europe

deconsolidations and closures of ready-mix concrete plants

Slightly better building materials demand in North America

road-building

sales of aggregates and ready-mix concrete

relevant markets

amid relatively stable prices and expenses incurred by

temporary closure of the Catskill plant

Solid markets in Latin America

Argentina, Chile and Colombia

ready-mix concrete was also up significantly

distribution costs and the fact that prices could not yet be fully adjusted, as well as strong Swiss franc

primarily in the third quarter

Unchanged business situation in Africa Middle East

parts of the Indian Ocean region

Holcim Morocco

Lebanon sold more cement and ready-mix concrete

impact, but was clearly positive in the third quarter

Continuing volume growth in Asia Pacific

and of aggregates due to Holcim Australia

Singapore, Indonesia and at Holcim Australia

growth of Group region

Fund to promote energy efficiency

energy efficiency set up in 2010

 Heat recovery for electricity production

 Alternative fuels for replacement of traditional heat sources

 Wind power for electricity production

emissions certificates

Reduction of 200,000 tonnes in annual CO2 emissions

Untervaz (Switzerland) Waste heat recovery

CO2 reduction:

400 tonnes p.a.

Rabriyawas (India) Waste heat recovery

CO2 reduction:

3,800 tonnes p.a.

Rohoznik (Slovakia) Waste heat recovery

CO2 reduction:

57,600 tonnes p.a.

Chekka (Lebanon) Waste heat recovery

CO2 reduction:

10,200 tonnes p.a.

Alesd (Romania) Waste heat recovery

CO2 reduction:

11,300 tonnes p.a.

Lägerdorf (Germany) Alternative fuels

CO2 reduction:

37,800 tonnes p.a.

minorities 1,621 1 1,223 1 1,004 -5.1% -0.2% -12.7% -17.9%Net income

Holcim shareholders 1,182 1 875 1 713 -6.3% -0.2% -11.9% -18.5%Cash flow 3,659 2,053 930 -47.1% -0.8% -6.8% -54.7%

1 Including a non-recurring cash-neutral tax charge of USD 171 million

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.

20.6 20.9 20.1

56.2 53.2

49.9

6.5 6.8

6.6

18.0 17.1 16.8

Total Group 9M 2009 99.1 9M 2010 102.8 9M 2011 108.1 Million t

22.3 19.6

3.1

1.7 1.9

1.9

10.9 8.9 9.0

Total Group 9M 2009 103.2 9M 2010 118.8 9M 2011 130.4

Million t

63.6 59.6 59.5

3.4 3.5 3.9

9.8 9.3

4.9

0.8 0.8

0.8

8.2 7.6 7.7

Total Ready-mix 9M 2009 30.4 9M 2010 34.4 9M 2011 36.1

Exchange rates

1 Weighted with net sales 9M 2011

2 Weighted with net sales full year 2010

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.96 1.00 0.87 -13.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.93 1.00 0.89 -11.0%

Statement of financial position

exchange rates in CHF 30/09/10 30/12/10 30/09/11 +/-

1 EUR 1.33 1.25 1.22 -2.4%

1 GBP 1.55 1.45 1.40 -3.4%

1 USD 0.98 0.94 0.90 -4.3%

1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.03 1.00 0.87 -13.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 1.03 1.00 0.91 -9.0%

40 13

Net sales impact Operating EBITDA impact Sales impact EBITDA impact

Foreign exchange rate impact

Million CHF

15,461

16,568 15,774

2467 2587

2527

706 849

917

5929 6020

North America 13.5%

Europe 29.4%

Asia Pacific 37.2%

Africa Middle East

4.4%

Latin America 15.5%

Net sales by region

Net sales 9M 2011

2,971

3,577 3,614

19.2% 21.6%

237 286

1264

1439 1306

Operating EBITDA by region

1,753 2,178

Operating profit by region

515 608

672

201 245

237

890 1003

994

Million CHF

30 95

295 377

535

1,004 1,223

1,577

713 875

9M 2009

930

2,053 2,192

Cash flow statement

Cash flow from operating activities 3,659 2,053 930 -54.7%

Net investments to maintain productive

capacity and to secure competitiveness -410 -224 -427 -90.3%

Financing surplus / (requirement) 1,578 536 -729 236.1%

Maturity profile (CHF million)

Liquidity summary

 Cash + marketable securities: CHF 3,093 million

 Cash + marketable securities + unused committed credit lines: CHF 7,377 million

Debt summary

 Current financial liabilities 1 : CHF 3,157 million

 Fixed to floating ratio: 49% fixed

 Capital markets 63%; Loans 37%

 Corporate vs subsidiary debt: 76% corporate

 Ø total maturity: 3.7 years

 CP borrowings: CHF 61 million

 No financial covenants at corporate level ST/LT ratings summary as of November 9, 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

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

Financial debt, maturities and liquidity as of

September 30, 2011

Outlook

 Europe: demand remains solid in many places

 North America: slight improvement in construction sector

 Latin America: remains on track for growth

 Africa Middle East: no change in business conditions

 Asia Pacific: brisk construction activity continues

For the current financial year, Holcim expects a like operating EBITDA that will be close to last year's

like-for-level

- 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

Aggregates volumes (mt)

- of which mature markets

- of which emerging markets

+/-(if not otherwise stated)

9 months

North America – regional overview

+/-(if not otherwise stated)

9 months

Latin America – regional overview

+/-(if not otherwise stated)

9 months

Africa Middle East – regional overview

298 268 -5.8% 0.0% -4.2% -10.0%1,141 995 2.9% 0.0% -15.7% -12.8%

- 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

Aggregates volumes (mt)

- of which mature markets

- of which emerging markets

Domestic cement prices

* If not otherwise indicated calculation based on local currencies (region Europe based on EUR)

Domestic cement prices

* If not otherwise indicated calculation based on local currencies (regions North America and Latin America based on USD)

1 Calculation in USD 2 Locally not published yet

Cement – Price/volume variances per region

Domestic cement prices

Cement – Price/volume variances per region

* If not otherwise indicated calculation based on local currencies (region Africa Middle East based on USD) 1 Locally not published yet

Domestic cement prices

Cement – Price/volume variances per region

* If not otherwise indicated calculation based on local currencies (region Asia Pacific based on USD / Group based on CHF)

Domestic aggregates

prices

* If not otherwise stated calculation based on local currencies 1 Aggregate Industries UK incl exports

Domestic aggregates

prices

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

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 August 15, 2012 Half year results for 2012 November 7, 2012 Press and analyst conference for

the third 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.

New Shurovo plant (Russia)

Strength Performance Passion.