2006 results and outlook for 2007 holcim switzerland

Facts on Europe ƒ Healthy order books in construction sector ƒ Substantially higher cement sales in several markets ƒ Volumes of aggregates and ready-mix concrete up ƒ Improved prices an

2006 results and outlook for 2007

Key facts at a glance

ƒ Record result and strong organic growth

ƒ Stake in Ambuja Cements strengthens position in India

ƒ Acquisitions in USA and UK underline significance of

aggregates segment

ƒ Growth in all Group regions

ƒ Innovation in terms of markets, products and processes

ƒ Recognition as leader in area of sustainable development

ƒ Proposal for higher dividend

Facts on Europe

ƒ Healthy order books in construction sector

ƒ Substantially higher cement sales in several markets

ƒ Volumes of aggregates and ready-mix concrete up

ƒ Improved prices and greater efficiency

ƒ Operating EBITDA increases by 22.5 percent

ƒ Internal operating EBITDA growth of 14.9 percent

Facts on North America

ƒ Solid demand in infrastructure and commercial construction,

residential construction weak

ƒ Local cement production up

ƒ Meyer Material strengthens aggregates and ready-mix

concrete

ƒ Holcim US and St Lawrence Cement post record results

ƒ Operating EBITDA 11.3 percent higher

ƒ Internal operating EBITDA growth of 11.7 percent

Facts on Latin America

ƒ Domestic demand and exports accelerate growth

ƒ Higher cement sales volumes posted by all companies

ƒ Strong increase in aggregates and ready-mix concrete

ƒ Some significantly higher results seen thanks to better prices

ƒ Operating EBITDA up by 10.5 percent

ƒ Internal operating EBITDA growth of 10.4 percent

Facts on Africa Middle East

ƒ Economic environment intact, and generally sound construction

activity

ƒ Cement deliveries up significantly in some cases

ƒ Increase in volumes of aggregates and ready-mix concrete

sold

ƒ With the exception of Holcim Lebanon, better results achieved

ƒ Operating EBITDA 12.7 percent higher

ƒ Internal operating EBITDA growth of 17.8 percent

Facts on Asia Pacific

ƒ Huge demand for infrastructure and residential construction

ƒ Strong rise in cement sales thanks to new consolidation of

ACC/Ambuja Cements in India

ƒ New consolidations lift ready-mix concrete deliveries

ƒ Several Group companies achieve better results

ƒ Operating EBITDA increases 139.6 percent

ƒ Internal operating EBITDA growth of 5.3 percent

Key financial figures

1 adjusted in line with revised IFRS

2 before goodwill amortization

3 proposal of the board of directors

Net sales 13,215 18,468 23,969 9.0% 19.5% 1.3% 29.8%Operating EBITDA 3,588 4,627 6,086 13.2% 17.5% 0.8% 31.5%Operating profit 2,511 2 3,316 4,385 17.0% 14.6% 0.6% 32.2%

Major changes in the scope of consolidation

Effective as at

+ Aggregate Industries, UK/US March 21, 2005

+ Ambuja Cement Eastern, India April 11, 2005

+ Gujarat Ambuja Cements, India May 3, 2006

+ Foster Yeoman, UK September 7, 2006

+/– Various smaller companies

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.94 1.00 1.02 2.0%

1 African Basket (EGP, ZAR, MAD) 1 0.98 1.00 0.97 -3.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.00 1.00 1.05 5.0%

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.82 1.00 0.92 -8.0%

1 African Basket (EGP, ZAR, MAD) 1 0.96 1.00 0.89 -11.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.90 1.00 1.02 2.0%

1 weighted by net sales full year 2005

Exchange rates – Translation gains / losses

Net sales -392 189 246

Operating EBITDA -127 55 39

Operating profit -82 42 22

Net income - equity holders of Holcim Ltd -31 25 16

Cash flow from operating activities -83 38 30

Total shareholders' equity -586 1,474 -619 Net financial debt -465 1,070 11

1 adjusted in line with revised IFRS

32.9 31.8

30.8

55.0

28.9 25.8

15.3 14.8

14.0

25.9 20.6 23.7

95.4 79.7

57.8

3.2 3.2

4.1

11.2 9.7

3675 3158

2004 2005 2006 Million CHF

North America 22.3%

Europe 35.1%

Asia Pacific 19.2%

Africa Middle East

8.5%

Latin America 14.9%

Net sales by region

Net sales 2006

1244 1126

483

1366

570 465

2005 2006

* adjusted to exclude certain Group charges

Operating EBITDA margin target by segment

Cement and Mineral

4,385

3,316 2,511

18.3% 18.0%

1 margin on a like-for-like basis

2 before goodwill amortization

1

2

Operating profit by region

993 866

849

1402 1125

850

602 524

403

933

362 271

366

* before goodwill amortization and adjusted to exclude certain Group charges

2004* 2005 2006

4,423

3,405 2,622

18.5% 18.4%

Cash flow statement

Cash flow from operating activities 2,622 3,405 4,423 29.9%

Net investments to maintain productive

capacity and to secure competitiveness -755 -879 -1,062 20.8%

Expansion investments -368 -607 -1,265 108.4%Financial investments net -1,279 -4,853 -2,054 -57.7%

Financing requirement -172 -3,492 -661 -81.1%

Financing

Financing requirement -172 -3,492 -661 -81.1%

Capital paid-in (repaid to) by minority

Movements of treasury shares net -40 435 -42

In(De)crease in financial liabilities 94 2,433 -544

In(De)crease in cash and

Net financial debt Total shareholders' equity Gearing

Financial position

1 adjusted in line with revised IFRS

Funds from operations /

Net financial debt (%)

Operating EBITDA margin (%) for:

1 adjusted in line with revised IFRS

Holcim Foundation for Sustainable Construction

ƒ First competition cycle completed

ƒ Over 3,000 projects submitted

ƒ 46 projects win regional awards

ƒ 4 projects receive global accolades

ƒ Close collaboration with ETH in Zurich and four other

Partnership with World Conservation Union

ƒ Holcim launches initiative with World Conservation Union

ƒ Measures to protect ecosystems in quarries

ƒ Development of a comprehensive policy and strategy

ƒ Definition of new standards and promotion of good practices

ƒ First projects identified in Sri Lanka

Buyout of minorities at St Lawrence Cement

ƒ Stake in St Lawrence Cement (Canada) since 1953

ƒ Holcim holds 79 percent of the company's voting rights

ƒ Offer corresponds to a premium of 21 percent

ƒ CAD 571 million to acquire all shares

ƒ Closer integration of St Lawrence Cement into the Group

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Capacity to be increased by

25 million tonnes by 2010

Dynamic expansion of cement capacity

Expansion projects

* Approved Group company projects; partly under construction

ƒ Additional consolidated cement capacity of 25 million tonnes

ƒ Step-by-step inauguration between 2007 and 2010

ƒ Investment cost of around CHF 3.4 billion or

CHF 140 per tonne of capacity

ƒ Attractive potential thanks to EV/EBITDA multiple below 6

Dynamic expansion of cement capacity

Outlook for 2007

In 2006 the Group profited not only from a wider scope of

consolidation and a dynamic building sector, but also from

exceptionally favorable weather for construction activity

Despite the slowdown in some markets, Holcim will reach

again in 2007 the long-term growth target of 5 percent in

internal operating EBITDA.

Domestic cement prices

* if not otherwise indicated calculation based on local currencies

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

* if not otherwise indicated calculation based on local currencies

1 locally not published yet; will be updated as soon as local results are public

2 calculation in USD

Cement – Price/volume variances per region

Domestic cement prices

* if not otherwise indicated calculation based on local currencies

1 Ambuja Cement Eastern only (April to December)

Cement – Price/volume variances per region

November 7, 2007 Third quarter results 2007

Conferences for press and analysts

Conference for press and analysts

Strength Performance Passion.