investor presentation january 2010 holcim ltd

Holcim strategy… …effective execution is the base for success 1Reported as per 9M 2009 YTD Diversification Local Management Global Standards ƒ Two basic resources ƒ Supported by global

Investor Presentation

January 2010

Singapore

Agenda

Holcim strategy…

…effective execution is the base for success

1Reported as per 9M 2009 YTD

Diversification

Local Management Global Standards

ƒ Two basic resources

ƒ Supported by global standards

 Policies &

directives

 Exchange of know how &

best practices / benchmarking

EuropeNorth America

 Shut down ~10 million tonnes of cement capacity

 Closed more than 100 aggregates, ready-mix concrete and

asphalt plants

Agenda

Cement, aggregates and ready-mix concrete markets account

for ~10% of global construction

Source: Global Construction 2020, Global Construction Perspectives, Oxford Economics, November 2009, JPM Full Sector Note 2009,

Global Cement Statistics, 18 year Database 1990 – 2008, Holcim Estimates

Largest construction markets 2009E

ƒ Global cement demand

Global construction market accounts for

~USD 7.5 trillion or ~13% of global GDP

Continuous growth in demand even in recessionary environments

Global cement demand 1970 to 2009E (in million tonnes)

Source: Cembureau, Global Cement Statistics, 18 year Database 1990 – 2008, Holcim estimates

Financial crisis 1990

Asian crisis 1997

Recession 2002

Financial crisis 2008

Mature markets

Mature markets

Demand drivers – population growth and

urbanization

World population

ƒ Likely little or even no population growth in most developed countries while population growth in emerging countries will continue

ƒ In emerging and mature countries migration from rural areas into

urban agglomerations will continue

Source: United Nations, World Population Prospects, March 2009 – in billion

Population in rural and urban areas

1970 2000 2030 2050 0

5 10

5 10

Jakarta

Dhaka Kolkata Mumbai

Delhi Karachi

Istanbul

Shanghai

Guangzhou Beijing

Source: Citipopulation 2008, Holcim

… and Holcim is already today present in most of them

Continued and growing importance of emerging countries – the

place where best growth opportunities will be found

World GDP growth (% per year)

4 4 %

5 6 %

GDP share 2008 vs 2020E

Emerging markets Mature markets

0

5

10

-5

Global construction outlook

Holcim is very well positioned to capture growth opportunities

Largest construction markets 2009E Largest construction markets 2020E

Source: Global Construction 2020, Global Construction Perspectives, Oxford Economics, November 2009

op EBITDA: ~9%

Latin America

Capacity: 31.0 Mt Net sales in % of Group: ~16%

op EBITDA: ~22%

Asia Pacific (w/o AUS, NZL)

Capacity: 83.0 Mt Net sales in % of Group: ~25%

op EBITDA: ~33%

Africa Middle East

Capacity: 11.0 Mt Net sales in % of Group: ~6%

op EBITDA: ~7%

Mature markets (Western Europe,

North America, Australia, New Zealand)

Reported consolidated cement capacities, net sales and op EBITDA as per 9M 2009 YTD, China not consolidated

Source: Global Construction 2020, Global Construction Perspectives, Oxford Economics, November 2009, Holcim Estimates

Source: Nominal GDP per Capita (at PPP) in USD: International Monetary Fund - World Economic Outlook Database (October 2009)

Holcim generates its EBITDA in countries with GDP growth above average

Agenda

ƒ Focus on organic growth

ƒ By the end of 2010 ~24 million tonnes new capacity 1 added compared to year-end 2008, thereof 80% in emerging markets

ƒ Average cost per tonne of CHF ~250

ƒ Existing portfolio – excellent platform for organic growth

ƒ EV / EBITDA multiples around 6

1China not included because not consolidated

Ambuja Cements – Rauri project

 Permitting and licence management

 Management of thermal energy mix in particular further

development of AFR-potential 1

 Management of quantity and quality

ƒ People – hire, train and retain staff

 Management of existing operations

 Project execution

Resources management

Challenges are addressed as part of our long-term strategy

1AFR – Alternative Fuel and Raw Materials

Sustainable Development – „licence to operate“!

Holcim – widely recognized for its achievements

Holcim kg CO2/tonne cement)1

1Cement includes all cement products incl secondary materials such as blast furnace slag and fly ash,

previous years restated due to changes in ownership in 2008

ƒ Continuous emissions reduction

 Modern plants

 Usage of alternative fuels

 Reduction of clinker content

ƒ Implementation of safety management systems & culture

ƒ Sustainable and responsible quarry management

ƒ Leading CSR activities in sphere of influence

Agenda

Agenda

Conclusions

success – robust results generated even in a difficult

economic environment

is very well positioned – in mature markets, infrastructure

needs will support demand

over time – organic growth is the most efficient way to expand

resources management are identified and addressed as part

of our long-term strategy

Holcim – positioned for future growth!

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.

Contact information and event calendar

Event calendar

the annual results 2009

August 19, 2010 Half-year results for 2010 November 10, 2010 Press and analyst conference for

the third quarter 2010