Slide 1: Annual General Meeting - Steffen Kindler, CFO
Parque La Mexicana - Urban park in Mexico City built with Fuerte high-strength cement ANNUAL GENERAL MEETING STEFFEN KINDLER CFO 14 MAY 2025
Slide 2: Delivering Record Results: Quarter-on-Quarter Profit Growth and Margin Expansion
DELIVERING RECORD RESULTS QUARTER-ON-QUARTER PROFIT GROWTH AND MARGIN EXPANSION 12M ROLLING RECURRING EBIT AND MARGIN Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2023 2023 2023 2024 2024 2024 2024 Recurring EBIT Recurring EBIT (CHF m) margin Team Holcim-PRB flying the GO CIRCULAR flag in 2 New York City for the Ve
Slide 3: Industry-Leading EBIT Margin of 19.1%
DELIVERING RECORD RESULTS INDUSTRY-LEADING EBIT MARGIN OF 19.1% RECURRING EBIT MARGIN ✔ Scaling up sustainable building solutions with growing multi-billion CHF brands 19.1% • a2 +535bps ✔ Decarbonization and circular construction driving profitable growth 17.6% 17.2% ✔ Successful expansion of Solut
Slide 4: Continued Growth in Earnings
DELIVERING RECORD RESULTS CONTINUED GROWTH IN EARNINGS EARNINGS PER SHARE up 5% vs 2023 In CHF, before impairment and divestments +14% • a2 CAGR 2018 2019 2020 2021 2022 2023 2024 The Lakeside Project office complex in Warsaw, Poland, built using ECOPact with recycled construction demolition 4 2022
Slide 5: Free Cash Flow at New High of CHF 3,801 Million
DELIVERING RECORD RESULTS FREE CASH FLOW AT NEW HIGH OF CHF 3,801 MILLION FREE CASH FLOW up 3% vs 2023 in CHF million 2018 2019 2020 2021 2022 2023 2024 Cash Conversion - Free Cash Flow divided by Recurring EBITDA (after leases) 28% 49% 58% 50% 54% 58% 57% Generali Tower, Milan, Italy, built with Ho
Slide 6: Record ROIC of 11.2%
RECORD PERFORMANCE IN 2024 RECORD ROIC OF 11.2% RETURN ON INVESTED CAPITAL • a2 +470bps 2018 2019 2020 2021 2022 2023 2024 Amazon headquarters campus, Seattle Spheres, USA 6 Built with ECOPlanet low carbon cement
Slide 7: Net Financial Debt; CHF 2,570 Million Cash Returned to Shareholders
NET FINANCIAL DEBT CHF 2’570 MILLION CASH RETURNED TO SHAREHOLDERS IN 2024 CHF m CHF 2’570 million cash returned to shareholders Dividends 1.2x Debt leverage 1.2x 7
Slide 8: Double-Digit Growth in Dividends
DRIVING SHAREHOLDER VALUE DOUBLE-DIGIT GROWTH IN DIVIDENDS DIVIDEND PER SHARE up 11% vs 2023 in CHF • 11% increase in dividend vs 2023 to CHF 3.10 per share to be proposed at the AGM on 14 May 2025 +12% • a2 CAGR • Delivering superior shareholder returns with 12% annual growth in dividends since 202
Slide 9: CHF 1 BN Share Buyback Completed
DRIVING SHAREHOLDER VALUE CHF 1 BN SHARE BUYBACK COMPLETED ✔ Share buyback program initiated on 18 March 2024 and completed on 13 December 2024 ✔ 12.2 million shares representing 2.1% of total shares issued were repurchased for a total amount of CHF 1.0 billion at an average purchase price of CHF 81
Slide 10: Capital Allocation for Growth and Shareholder Returns
DRIVING SHAREHOLDER VALUE CAPITAL ALLOCATION FOR GROWTH AND SHAREHOLDER RETURNS 7 transformative acquisitions in CHF 8 bn cash returned to Solutions & Products and shareholders since 2018 via 93 accretive bolt-on acquisitions ~40% CHF ~35% progressive dividends Growth Returns to investments 33 bn sh
Slide 11: Disclaimer
DISCLAIMER By accessing this presentation (and the information contained herein), you agree to be bound by and liable for breach of the following terms and conditions: The presentation (and the information contained herein) is provided to you by Holcim Ltd (“Holcim”) and/or any of its subsidiaries o
Slide 12: Holcim
HOLCIM