holcim half year results 2011 holcim ltd

Maturity profile CHF millionFinancial debt, maturities and liquidity as of June 30, 2011 Liquidity summary ƒ Cash + marketable securities: CHF 3,229 million ƒ Cash + marketable securiti

Half-year results 2011

minorities 1,621 611 1 586 10.9% -0.8% -14.3% -4.2%Net income (loss)

Holcim shareholders 1,182 331 1 357 24.5% -1.5% -15.1% 8.0%Cash flow 3,659 906 72 -88.4% -1.8% -1.9% -92.1%EPS in CHF 3.69 1.03 1.12 8.7%

Million CHF

(if not otherwise stated)

+/-Full Year

1 Including a non-recurring cash-neutral tax charge of CHF 186 million

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

5.0 5.0

5.0

12.8 13.0 12.0

38.1 36.5

34.1

4.4 4.7

4.5

11.7 11.2 11.1

Total Group 6M 2009 65.1 6M 2010 67.8 6M 2011 70.9 Million t

17.5 15.5

15.3

14.4 13.0

2.1

1.1 1.3

1.2

7.0

Total Group 6M 2009 62.5 6M 2010 73.2 6M 2011 81.3

38.0 37.5

2.9 2.5

2.3

1.6

6.4 6.2

3.2

0.6 0.5

0.6

5.3 4.9 4.9

Total Ready-mix 6M 2009 19.3 6M 2010 21.9 6M 2011 23.1

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.95 1.00 0.89 -11.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.92 1.00 0.89 -11.0%

Statement of financial position

exchange rates in CHF 30/06/10 30/12/10 30/06/11 +/-

1 EUR 1.32 1.25 1.21 -3.5%

1 GBP 1.63 1.45 1.34 -7.6%

1 USD 1.08 0.94 0.83 -11.2%

1 LATAM Basket (MXN, BRL, ARS, CLP) 2 1.09 1.00 0.92 -8.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 1.06 1.00 0.91 -9.0%

-916

-435

-228 -179

139 86

-203

Net sales impact Operating EBITDA impact

Foreign exchange rate impact

10,143

10,902 10,082

Net sales by region

1189 1405

1445

1644 1725

1674

483 596

618

4065 4195

North America 11.4%

Europe 29.5%

Asia Pacific 38.8%

Africa Middle East

4.6%

Latin America 15.7%

Net sales by region

Net sales 6M 2011

1,897

2,343 2,143

438 523

543

168 209

186

Million CHF

378 500

559

1

6M 2009 6M 2010 6M 2011

928

1072 873

Operating EBITDA by region

1,084

1'416 1'306

Operating profit by region

337 419

445

144 181

158

678

777 670

Million CHF

-63 -40

6M 2009 6M 2010 6M 2011

107 193

224

586 611

787

357 331

6M 2009

72

906 805

Cash flow statement

Cash flow from operating activities 3,659 906 72 -92.1%

Net investments to maintain productive

capacity and to secure competitiveness -410 -120 -259 -115.6%

Expansion investments -1,182 -573 -361 37.0%Financial investments net 230 -79 -32 59.8%Dividends paid -719 -612 -598 2.3%

Maturity profile (CHF million)

Financial debt, maturities and liquidity as of

June 30, 2011

Liquidity summary

ƒ Cash + marketable securities: CHF 3,229 million

ƒ Cash + marketable securities + unused committed credit lines: CHF 7,545 million

Debt summary

ƒ Current financial liabilities 1 : CHF 3,145 million

ƒ Fixed to floating ratio: 50% fixed

ƒ Capital markets 63%; Loans 37%

ƒ Corporate vs subsidiary debt: 75% corporate

ƒ Ø total maturity: 3.7 years

ƒ CP borrowings: CHF 60 million

ƒ No financial covenants at corporate level ST/LT ratings summary as of August 18, 2011

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

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

7.8 8.3 6.1% 0.0% 6.1%4.2 4.6 7.3% 0.0% 7.3%37.5 41.3 4.9% 4.9% 9.9%34.2 36.7 2.6% 4.6% 7.2%3.3 4.6 28.8% 8.1% 36.9%7.8 8.0 1.9% 0.8% 2.5%7.0 7.2 2.1% 0.9% 2.8%0.8 0.8 -0.1% 0.0% -0.1%

- 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

15.5 17.5 2.6% 10.3% 12.9%2.5 2.9 -7.2% 24.0% 16.8%

+/-(if not otherwise stated)

6 months

North America – regional overview

5.9 7.0 19.0% 0.0% 19.0%4.9 5.3 6.6% 0.0% 6.6%

Operating EBITDA 523 438 -3.4% 0.0% -12.9% -16.2%

Aggregates volumes (mt)

Million CHF

+/-(if not otherwise stated)

6 months

Ready-mix volumes (mm3)

Latin America – regional overview

1.3 1.1 -12.2% 0.0% -12.2%0.5 0.6 10.3% 0.0% 10.3%

+/-(if not otherwise stated)

6 months

Africa Middle East – regional overview

2.3 2.2 -4.9% 0.0% -4.9%34.2 35.9 5.0% 0.0% 5.0%13.0 14.4 10.6% 0.0% 10.6%11.6 12.6 8.6% 0.0% 8.6%1.4 1.8 27.1% 0.0% 27.1%6.2 6.4 4.2% 0.0% 4.2%2.8 2.7 -2.7% 0.0% -2.7%3.4 3.7 10.0% 0.0% 10.0%

1,137 1,155 5.3% 0.0% -3.7% 1.5%3,058 2,910 11.4% 0.0% -16.2% -4.8%

- of which mature markets

- of which emerging markets

Million CHF

(if not otherwise stated)

6 months

- 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 – regional overview

Domestic cement prices

Domestic cement prices

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

Domestic aggregates

prices

Domestic aggregates

prices

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.