results 2010 and outlook for 2011 holcim ltd

Mixed market development in Europe Western Europe cement and aggregates deliveries operating results... Some stimuli in North America the year and Canada achieved robust growth concrete;

New Hermosillo plant (Mexico)

Results 2010 and outlook for 2011

Holcim at a glance

ready-mix concrete

reduced by a further CHF 312 million in 2010

contribution reserves corresponding to last year’s level despite lower net income

Realized and planned capacity expansions 2008-13

21.7 million tonnes of additional cement capacity has come

on stream since 2008 Further 7.8 million tonnes by 2013

Capacity expansions*

Completed

Under construction or planned

* As per end of February, 2011

Mixed market development in Europe

Western Europe

cement and aggregates deliveries

operating results

Some stimuli in North America

the year and Canada achieved robust growth

concrete; slightly declining shipments of aggregates

results added up to a higher operating EBITDA

Latin America largely resistant to crisis

aggregates and ready-mix concrete

and reduces logistics costs

expansion in Ecuador

lower operating EBITDA

Stable demand for building materials in Africa Middle East

temporarily slower pace of growth in Morocco

concrete deliveries and declining aggregates shipments

according to schedule

margins

Building activity solid in Asia Pacific

construction for a new cement plant in Indonesia

production and distribution costs, better operating EBITDA

Protection of resources and biodiversity

biodiversity

limestone and aggregates quarries

positive experience

development acknowledged by SAM

Key financial figures – Full year 2010

1 Calculated on the weighted average number of shares outstanding 2008 has been retrospectively restated in accordance with IAS 33

2 Paid as a stock dividend 3 Proposed by the Board of Directors for a payout from capital contribution reserves

Holcim shareholders 1,782 1,471 1,182 -21.1% 3.0% -1.5% -19.6%Cash flow 3,703 3,888 3,659 -8.3% 3.5% -1.1% -5.9%

+/-Key financial figures – Q4 2010

Major changes in the scope of consolidation

Effective as at

– United Cement Company of Nigeria April 1, 2009

+ Holcim Australia and Cement Australia October 1, 2009

+/– Various smaller companies

11.1 10.7

65.6

8.9 8.8

39.2 40.2

49.3

26.4 10.4

4.7

2.5 2.6

2.7

12.2 13.4 11.8

78.4

5.6 5.5

7.3

5.4 4.9 6.8

12.7 8.1

7.3 1.1

1.1 1.2

10.5 11.7

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.15 1.00 1.03 3.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.08 1.00 1.05 5.0%

Statement of financial position

exchange rates in CHF 31/12/08 31/12/09 31/12/10 +/-

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.92 1.00 0.95 -5.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.92 1.00 0.98 -2.0%

Exchange rates – Translation gains/losses

in CHF +/- in CHF +/- in CHF

+/-Net sales -2,749 -10.2% -1,710 -6.8% -182 -0.8%Operating EBITDA -593 -8.6% -394 -7.4% -21 -0.5%Operating profit -376 -7.5% -262 -7.8% 15 0.6%Net income - shareholders

Cash flow from operating activities -369 -6.9% -322 -8.6% -42 -1.1%

Total shareholders' equity -4,687 -21.4% 277 1.5% -2,052 -9.3%Net financial debt -1,877 -14.6% 102 0.7% -1,109 -8.0%

2009 2010 Million CHF 2008

21,653 21,132

Net sales by region

3240 3480

4527

3442 3348

4170

7958 6418

6109

2009 2010

6535 10043

7320

North America 14.6%

Europe 29.3%

Asia Pacific 35.7%

Africa Middle East

4.9%

Latin America 15.5%

Net sales by region

Net sales 2010

4,513 4,630

486 400

999 1076

1194

359 373

368

1820 1760

1495

2009 2010

1045 1232

1 Margin on a like-for-like basis

Operating profit by region

790 879

966

304 317

303

1231 1301

1021

Million CHF

100 40

5

2008 2009 2010

Million CHF

3,659

3,888 3,703

Cash flow statement

Cash flow from operating activities 3,703 3,888 3,659 -5.9%

Net investments to maintain productive

capacity and to secure competitiveness -1,104 -376 -410 -9.0%

Free cash flow 2,599 3,512 3,249 -7.5%Expansion investments -3,287 -1,929 -1,182 38.7%Financial di(in)vestments net 1 -747 -2,125 230 110.8%

Financing (requirement)/surplus -2,540 -734 1,578 315.0%

+/-1 Based on an amendment in IAS 7, cash flows arising from changes in ownership interests in a subsidiary that do not result in a loss of

control are classified as cash flows from financing activities and not as investing activities, which is to be applied on a retrospective basis

FFO 1/Net financial debt 28.0% 27.6% 31.3%

Maturity profile (CHF million) 1

Financial debt, maturities and liquidity as of

December 31, 2010

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

2 Liquidity II = Cash + marketable securities

3 Liquidity III = Liquidity II + unused committed credit lines

2012

Loans Capital Markets

ƒ Fixed to floating ratio: 58% fixed

ƒ Capital markets 70%; Loans 30%

ƒ Corporate vs subsidiary debt: 78% corporate

ƒ Ø total maturity: 4.2 years

ƒ CP borrowings: CHF 25 million

ƒ No financial covenants at corporate level

ST/LT ratings summary (February 2011)

ƒ S&P: A-2 / BBB, outlook stable

ƒ Fitch: F2 / BBB, outlook stable

ƒ Moody’s: P-2 / Baa2, outlook stable

Outlook

826 717 -9.8% 1.2% -4.6% -13.2%

406 328 -12.8% 1.0% -7.4% -19.2%

Aggregates volumes (mt)

- of which mature markets

- of which emerging markets

Million CHF

(if not otherwise stated) 2009 2010

- 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

Europe – mature and emerging market highlights

214 402 -14.5% 83.6% 18.8% 87.9%1,546 1,418 -10.3% -0.1% 2.1% -8.3%

- 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

Million CHF

(if not otherwise stated) 2009 2010

Asia Pacific – mature and emerging market highlights

Long-term corporate credit rating (February 2011) 2008 2009 2010 Current

Standard & Poor's BBB BBB BBB BBB

Domestic cement prices

* If not otherwise indicated calculation based on local currencies 1 Weighted average like-for-like 2 Incl Austria

Domestic cement prices

* If not otherwise indicated calculation based on local currencies 1 Weighted average like-for-like 2 Calculation in USD

Cement – Price/volume variances per region

Cement – Price/volume variances per region

Africa Middle East 1 -1.0% 4.5%

Domestic cement prices

* If not otherwise indicated calculation based on local currencies 1 Weighted average like-for-like 2 Not yet published locally

Domestic cement prices

Cement – Price/volume variances per region

* If not otherwise indicated calculation based on local currencies 1 Weighted average like-for-like

Domestic aggregates

prices

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

2 Pro forma 2009

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

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 Hermosillo plant (Mexico)

Strength Performance Passion.