first quarter results 2005 strength performance passion holcim ltd

First Quarter Results 2005Key financial figures Million CHF Cash flow from 1 Excludes the amortization of goodwill and other intangible assets... 7760 First quarter results 2005 Investme

First Quarter Results 2005

Key financial figures

Million CHF

Cash flow from

1 Excludes the amortization of goodwill and other intangible assets

1 Balance sheet only no statement of income 3

First quarter results 2005

1) weighted by net sales Q1 2004

2) weighted by net sales full year 2004 4

First quarter results 2005

capacity

+/– Various smaller companies

Statement of income

average exchange rates in CHF Q1 03 Q1 04 Q1 05

Latin America 2.0% 6.0% 8.0% Africa Middle East 3.2% 0.0% 3.2% Asia Pacific 9.7% 0.0% 9.7% Total 0.5% 1.3% 1.8%

5

First quarter results 2005

Aggregates sales in million t

Ready-mix concrete sales in million m3

20.2 17.8

Q1 2003 Q1 2004 Q1 2005

7

First quarter results 2005

Latin America -4.6% 5.3% -6.3% -5.6%

Africa Middle East 14.5% 2.7% -0.6% 16.6%

Asia Pacific 11.8% -0.2% -5.4% 6.2% Total 0.7% 1.4% -3.2% -1.1%

8

First quarter results 2005

Latin

Asia Pacific 17%

America 24% Africa

Middle East 13%

First quarter results 2005

First quarter results 2005

Million CHF

216

Q1 2004*Q1 2005

North America 62.1% 0.0% -13.8% 48.3% Latin America -12.3% 6.3% -6.0% -12.0%

Africa Middle East 34.8% 2.2% 1.0% 38.0%

First quarter results 2005

Million CHF

100 2

-16

92

Q1 2004*Q1 2005

North America 125.0% 6.3% -6.3% -12.5% 112.5% Latin America -14.5% 6.8% 6.8% -6.3% -7.2%

Africa Middle East 44.3% 4.3% 2.9% 1.4% 52.9%

Asia Pacific 13.6% 15.3% -1.7% -5.2% 22.0%

Total -6.1% 15.7

% 4.8% -4.8% 9.6%

First quarter results 2005

Net income in million CHFAttributable to Equity holders of Holcim Ltd

169+ 67.3%

128+ 184.4%

101+ 74.1%

First quarter results 2005

7760

First quarter results 2005

Investments to maintain productive

capacity and to secure competitiveness -755

Free cash flow 1,867

In(De)crease in cash and

Capital paid-in 1,458

Movements of treasury shares net -40

Increase in financing liabilities 74

Decrease in marketable securities 20

Domestic cement volumes

* Calculation based on local currencies

Domestic cement volumes

* Calculation based on local currencies

Africa Middle East

Domestic cement prices + / - Q1 04/Q1 05 *

Domestic cement volumes

First quarter results 2005

* Calculation based on local currencies

Domestic cement volumes

* Calculation based on local currencies

Strength Performance Passion.

Key financial figures

Million CHF

Cash flow from

1 Excludes the amortization of goodwill and other intangible assets

* restated

2

First quarter results 2005

Full Year 2004

1 Balance sheet only no statement of income 3

First quarter results 2005

1) weighted by net sales Q1 2004

2) weighted by net sales full year 2004 4

First quarter results 2005

capacity

+/– Various smaller companies

Statement of income

average exchange rates in CHF Q1 03 Q1 04 Q1 05

Latin America 2.0% 6.0% 8.0% Africa Middle East 3.2% 0.0% 3.2% Asia Pacific 9.7% 0.0% 9.7% Total 0.5% 1.3% 1.8%

5

First quarter results 2005

Aggregates sales in million t

Ready-mix concrete sales in million m3

20.2 17.8

Q1 2003 Q1 2004 Q1 2005

7

First quarter results 2005

Latin America -4.6% 5.3% -6.3% -5.6%

Africa Middle East 14.5% 2.7% -0.6% 16.6%

Asia Pacific 11.8% -0.2% -5.4% 6.2% Total 0.7% 1.4% -3.2% -1.1%

8

First quarter results 2005

Latin

Asia Pacific 17%

America 24% Africa

Middle East 13%

First quarter results 2005

First quarter results 2005

Million CHF

216

Q1 2004*Q1 2005

North America 62.1% 0.0% -13.8% 48.3% Latin America -12.3% 6.3% -6.0% -12.0%

Africa Middle East 34.8% 2.2% 1.0% 38.0%

First quarter results 2005

Million CHF

100 2

-16

92

Q1 2004*Q1 2005

North America 125.0% 6.3% -6.3% -12.5% 112.5% Latin America -14.5% 6.8% 6.8% -6.3% -7.2%

Africa Middle East 44.3% 4.3% 2.9% 1.4% 52.9%

Asia Pacific 13.6% 15.3% -1.7% -5.2% 22.0%

Total -6.1% 15.7

% 4.8% -4.8% 9.6%

First quarter results 2005

Net income in million CHFAttributable to Equity holders of Holcim Ltd

169+ 67.3%

128+ 184.4%

101+ 74.1%

First quarter results 2005

7760

First quarter results 2005

Investments to maintain productive

capacity and to secure competitiveness -755

Free cash flow 1,867

In(De)crease in cash and

Decrease in marketable securities 20

Increase in financing liabilities 74

Movements of treasury shares net -40

Capital paid-in 1,458

Financing requirement -172

2004 Million CHF Full Year

Domestic cement volumes

* Calculation based on local currencies

Domestic cement volumes

* Calculation based on local currencies

Africa Middle East

Domestic cement prices + / - Q1 04/Q1 05 *

Domestic cement volumes

First quarter results 2005

* Calculation based on local currencies

Domestic cement volumes

* Calculation based on local currencies

First quarter results 2005

August 25, 2005 Half-year results 2005 November 9, 2005 Third quarter results 2005

Conferences for press and analysts March 1, 2006 Annual results 2005

Conferences for press and analysts

24

First quarter results 2005

23

First quarter results 2005

Contact information and event calendar

August 25, 2005 Half-year results 2005 November 9, 2005 Third quarter results 2005

Conferences for press and analysts March 1, 2006 Annual results 2005

Conferences for press and analysts

First quarter results 2005