2007 results and outlook holcim

North America: Cement production at record level... * Approved Group company projects; some under constructionƒ 7 million tonnes cement capacity already commissioned in 2007 ƒ By 2011 t

2007 results and outlook

2007: Another record year for Holcim

Europe: Rise in earnings from eastern Europe

North America: Cement production at record level

Latin America: Solid organic growth

Africa Middle East: High capacity utilization

Asia Pacific: Results significantly higher

Sustainable development: Broad recognition

* Approved Group company projects; some under construction

ƒ 7 million tonnes cement capacity already commissioned in

2007

ƒ By 2011 there will follow a further 29 million tonnes for

around CHF 6.5 billion

ƒ Additional contribution of CHF 1.1 billion to EBITDA from

2012; CHF 550 million already from 2010

Capacity expansion: Growing with the market

Key financial figures

1 Adjusted in line with revised IFRS

2 Including a capital gain on the sale of a stake in Holcim South Africa of CHF 1,110 million and a special dividend of CHF 150 million, net

3 Calculated on the weighted average number of shares outstanding

4 Excluding the non-recurring capital gain on the sale of a stake in Holcim South Africa

5 Proposal of the Board of Directors

EPS in CHF3

Major changes in the scope of consolidation

Effective as at

+/- Various smaller companies

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.98 1.00 0.97 -3.0%

1 African Basket (EGP, ZAR, MAD) 1 1.03 1.00 0.95 -5.0%

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 1.08 1.00 0.95 -5.0%

1 African Basket (EGP, ZAR, MAD) 1 1.13 1.00 0.96 -4.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.03 1.00 1.03 3.0%

1 Weighted by net sales full year 2006

Exchange rates – Translation gains / losses

Net sales 189 246 391

Operating EBITDA 55 39 74

Operating profit 42 22 47

Net income - equity holders of Holcim Ltd 25 16 17

Cash flow from operating activities 38 30 53

Total shareholders' equity 1,474 -619 -450

Net financial debt 1,070 11 -342

1 Adjusted in line with revised IFRS

16.4 17.7

18.2

34.3

64.9 55.0

28.9 14.5

15.3 14.8

56.9 65.1

65.0

4.0 3.2

3.2

5.7 11.2

9.7

12.5 11.7 12.7

95.4

27,052 23,969

5365 5520

4704

4010 3675

3158

6292 4745

2288

2006 2007

10401

7037

8673

North America 19.2%

Europe 37.3%

Asia Pacific 22.5%

Africa Middle East

6.6%

Latin America 14.4%

Net sales by region

Net sales 2007

1256 1244

1126

653 692

614

1844 1366

570

2006 2007

2399

1605

1966

Operating EBITDA margin target by segment

Cement and Mineral

5,024 4,385

Operating profit by region

1001 993

866

577 602

524

1341 933

Million CHF

623 677

639

2005 2006 2007

1713 1125

1402

Net income

4,545

2,719 1,789

3,865

2,104 1,511

1 Adjusted in line with revised IFRS

2 Including a capital gain on the sale of a stake in Holcim South Africa of CHF 1,110 million and a special dividend of CHF 150 million, net

2

Cash flow statement

Cash flow from operating activities 3,405 4,423 5,323 20.3%

Net investments to maintain productive

Financing

Capital paid-in by (repaid to) minority

(De)Increase in cash and

Net financial debt Total shareholders' equity Gearing

FFO / Net financial debt 24.6 34.6 50.2

EBITDA net interest coverage 6.0 6.8 11.0

EBIT net interest coverage 4.3 5.0 8.5

Financial position

1

1 Adjusted in line with revised IFRS

Funds from operations /

Net financial debt (%)

Operating EBITDA margin (%) for:

1 Adjusted in line with revised IFRS

Outlook for 2008: Further growth

Holcim enjoys excellent geographical diversification and

in 2008 is expected to again reach its long-term growth target of five 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 Calculation in USD

Cement – Price/volume variances per region

Domestic cement prices

* If not otherwise indicated calculation based on local currencies

1 Twelve months ACEL, eleven months ACC, eight months ACL

Cement – Price/volume variances per region

August 21, 2008 Half-year results 2008 November 12, 2008 Third quarter results 2008

Conferences for press and analysts March 4, 2009 Annual results 2008

Conferences for press and analysts

Strength Performance Passion.