half year 2002 supporting slides holcim ltd

Start-up of new US Portland plant in June according to schedule... Our Positions in EuropeCement plant Grinding plant Terminal New Cement plant participation Grinding plant participation

Half-Year 2002 – Supporting Slides

! Better operational performance.

! Currencies weakened overall performance

! Strong cash flow.

! Write off of Argentinean non operating assets

! First-time consolidation of PT Semen Cibinong,

Indonesia.

! Start-up of new US Portland plant in June according to schedule.

Our Positions in Europe

Cement plant Grinding plant Terminal New Cement plant (participation) Grinding plant (participation) Terminal (participation)

Cement capacity Group (Europe): 40.3 million t; additionally with partners: 11.9 million t

Our Positions in North America

Cement plant Grinding plant Terminal Project or under construction

Cement capacity Group (North America): 21.3 million t

Our Positions in Latin America

Cement plant Grinding plant Terminal

Cement plant (participation) Grinding plant (participation) Terminal (participation)

Cement capacity Group (Latin America): 32.6 million t; additionally with partners: 8.1 million t

Our Positions in Africa Middle East

Cement plant Grinding plant Terminal

Cement plant (participation) Grinding plant (participation) Terminal (participation)

Cement capacity Group (Africa Middle East): 13.1 million t; additionally with partners: 4.7 million t

Our Positions in Asia Pacific

Cement plant

Grinding plant

Terminal

New

Cement plant (participation)

Grinding plant (participation)

Terminal (participation)

Cement capacity Group (Asia Pacific): 32.4 million t; additionally with partners: 16.8 million t

Key Financial Figures

1) Earnings Before Interest Taxes Depreciation and Amortization

2) Cash Earnings Per Share pre Goodwill Amortization

Major Changes in the Scope of Consolidation

PT Semen Cibinong, Indonesia

Capacity and Sales Cement and Clinker

139.7 118.8

102.6

43.5 42.1

38.6

First half 2000 First half 2001 First half 2002

Annual cement capacity in million t Sales in million t

Sales of Aggregates and Ready-Mixed Concrete

Aggregates in million t Ready-mixed concrete in million m3

Net Sales by Region

Legend

First half 2000 First half 2001 First half 2002

Change in Net Sales

Volume and price 291 5.5% 165 2.7% 32 0.5% Change in structure 221 4.2% 232 3.7% 188 2.9% Exchange rate

Net Sales Regional Split

Asia Pacific 13%

Africa Middle East 8%

Europe 34%

North America

19%

Latin America

26%

Operating Profit

Operating profit in million CHF Operating profit margin

+ 24.6%

+ 6.9%

- 6.2%

Operating Profit by Region

Change in Operating Profit

Volume / price / cost 83 11.2% 9 1.0% 12 1.2% Change in structure 31 4.1% 55 5.9% -17 -1.7% Exchange rate

Operating Profit Regional Split

Africa Middle East 12%

Asia Pacific 9%

First half 2000 First half 2001 First half 2002

EBITDA in million CHF EBITDA margin

EBITDA

+ 5.8%

- 4.6%

+ 19.7%

Group Net Income

First half 2000 First half 2001 First half 2002

Before minority interests in million CHF

After minority interests in million CHF

Cash Flow from Operating Activities

781 617

864

12.1%

9.4%

13.8%

First half 2000 First half 2001 First half 2002

Cash flow from operating activities in million CHF

Cash flow margin

+ 78.9%

- 28.6%

+ 26.6%

Cash Flow Statement

January - June Million CHF

January - June Million CHF

Decrease in marketable

In(De)crease in cash and cash

Net Debt / Equity