Third quarter results 2010 and outlook holcim

Holcim at a glance y Demand for construction materials suffered a setback in the third quarter in several mature markets; in the emerging markets demand increased y Seasonal influences

Third quarter results 2010 and outlook

Hermosillo plant, Mexico

Holcim at a glance

y Demand for construction materials suffered a setback in the third quarter in several mature markets; in the emerging

markets demand increased

y Seasonal influences temporarily impacted construction industry

y Overall stable volume development

y Increasing price pressure in cement

y Trend toward higher variable production and distribution costs

y Factors that could be influenced by Holcim led to a further

substantial fixed cost reduction

y Strategic capacity expansion program continued

y Operating EBITDA similar to the previous year

Subdued demand for building materials in Europe

y Contrasting economic development in Western and Eastern Europe

y Slight decline in sales volumes in all segments

y Recently, price pressure in several markets slightly

diminished

y Cost-cutting measures in all areas and the sale of

CO2 emission certificates supported operating results

y Lower operating result

Differing market development in North America

y Subdued demand in the US, but better market conditions in Canada

y Nearly stable cement sales at Holcim US; however, Aggregate

Industries US sold less construction materials

y Holcim Canada shipped more cement and ready-mix concrete;

deliveries of aggregates reached previous year’s level

y Higher prices in Canada; more stable market prices in the US in the third quarter

y Substantial cost-cutting at Aggregate Industries US and Holcim US – supported by the high efficiency of the new Ste Genevieve plant

y Better results due to Holcim US and Holcim Canada

Stable delivery volumes in Latin America

y Solid construction activity in South America

y Higher sales of aggregates and ready-mix concrete;

cement sales scarcely reached previous year’s level

y Overall stable price development

y Substantially better operating results in Brazil and Argentina

y Strong volume reduction in Mexico and Central

America led to lower operating results

Mostly solid markets in Africa Middle East

y In Lebanon, residential construction and infrastructure projects led to higher sales of cement and ready-mix concrete

y Stable sales volumes on a high level in Morocco and the Gulf region

y Cement sales remained at previous year‘s level in West Africa and in the Indian Ocean

y Mostly stable price situation and markedly lower costs at

Holcim Lebanon

y Better operating results

Growing building materials demand in Asia Pacific

y Dynamic demand for building materials in many markets

y Higher sales volumes in all segments – positively impacted by the expanded market presence in Australia

y Temporary price pressure in India due to the monsoon in the

minorities 1,958 1,577 1,223 -24.2% 2.6% -0.8% -22.4%Net income

Holcim shareholders 1,471 1,200 875 -29.3% 3.4% -1.2% -27.1%Cash flow 3,888 2,192 2,053 -12.7% 6.2% 0.2% -6.3%

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

20.1 20.9

26.2

53.2 49.9

49.1

6.8 6.6

59.5 59.6

74.1

19.6 3.1

3.5

1.9 1.9

2.0

9.0 10.0 8.9

Total Group 9M 2008 127.3 9M 2009 103.2 9M 2010 118.8 Million t

3.9 3.4 5.3

9.3 4.9

5.5

0.8 0.8

1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.19 1.00 1.04 4.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.12 1.00 1.07 7.0%

Statement of financial position

exchange rates in CHF 30/09/09 31/12/09 30/09/10 +/-

1 EUR 1.51 1.49 1.33 -10.7%

1 GBP 1.66 1.66 1.55 -6.6%

1 USD 1.03 1.03 0.98 -4.9%

1 LATAM Basket (MXN, BRL, ARS, CLP) 2 0.98 1.00 1.00 0.0%

1 Asian Basket (AUD, IDR, INR, THB, PHP) 2 0.97 1.00 0.97 -3.0%

1 Weighted by net sales 9M 2010

2 Weighted by net sales full year 2009

16,568 15,774

2587 2527

4599

9M 2008 9M 2009 9M 2010 Million CHF

North America 14.4%

Europe 30.1%

Asia Pacific 35.3%

Africa Middle East

5.0%

Latin America 15.2%

Net sales by region

Net sales 9M 2010

1439 1306

1137

9M 2009 9M 2010

2,178 2,337

1 Margin on a like-for-like basis

1

Operating profit by region

608 672

752

377 535

1227

245 237

264

1003 994

807

Million CHF

95 72

207

9M 2008 9M 2009 9M 2010

1,223 1,577

2,107

875 1,200

2,053 2,192

Cash flow statement

Cash flow from operating activities 3,888 2,192 2,053 -6.3%

Net investments to maintain productive

capacity and to secure competitiveness -376 -181 -224 -23.8%

Expansion investments -1,929 -1,460 -860 41.1%Financial investments net1 -2,125 -480 265 155.2%

Maturity profile (CHF million) 1

Financial debt, maturities and liquidity as of

September 30, 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: 54% fixed

ƒ Capital markets 65%; Loans 35%

ƒ Corporate vs subsidiary debt: 76% corporate

ƒ Ø total maturity: 4.2 years

ƒ CP borrowings: CHF 127 million

ƒ No financial covenants at corporate level ST/LT ratings summary as of November 9, 2010

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

Net financial debt

Total shareholders' equity

Gearing

Financial position

Outlook for 2010

y Prospects for the European construction markets remain

subdued for 2010

y In North America, little is set to change on the demand side

y Economic situation in Latin America is expected to remain

robust in most cases – the exceptions being Mexico and

Central America

y Africa Middle East and Asia Pacific will continue to grow

y In India, demand for building materials is expected to again reach high growth rates following the monsoon

y It will be challenging for the Group to reach previous year’s operating EBITDA

- of which mature markets

- of which emerging markets

Million CHF

(if not otherwise stated)

9 months

- 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

Europe – mature and emerging market highlights

91 298 -4.4% 190.1% 41.8% 227.5%1,215 1,141 -8.9% 0.0% 2.8% -6.1%

Aggregates volumes (mt)

- of which mature markets

- of which emerging markets

Million CHF

(if not otherwise stated)

9 months

- 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

Asia Pacific – mature and emerging market

highlights

Domestic cement prices

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

Domestic cement prices

Cement – price/volume variances per region

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

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 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 stated calculation based on local currencies

1 Aggregate Industries UK incl exports

Domestic aggregates

prices

* If not otherwise stated calculation based on local currencies

annual results for 2010

August 18, 2011 Half-year results for 2011 November 9, 2011 Press and analyst conference for

the third quarter 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.

Strength Performance Passion.

Hermosillo plant, Mexico