Holcim Ltd · SIX:HOLN

Holcim — H1 2008 Earnings Presentation

24 slides from Holcim's earnings presentation, Sep 17, 2008

  1. Slide 1: Half-Year Results 2008

    Half-Year Results 2008 ©2008 Holcim Ltd

  2. Slide 2: Key financial figures

    Key financial figures Full Year Half Year +/- Million CHF 2007 2007 2008 LFL CIS FX in CHF Net sales 27,052 13,002 12,434 8.2% -3.0% -9.6% -4.4% Operating EBITDA 6,930 3,324 2,802 -0.9% -6.3% -8.5% -15.7% Operating profit 5,024 2,423 1,964 -2.4% -8.5% -8.0% -18.9% Net income 4,545 1 2,858 1 1,338 -4

  3. Slide 3: Major changes in the scope of consolidation

    Major changes in the scope of consolidation Effective as at – Holcim South Africa June 5, 2007 – Egyptian Cement Company January 23, 2008 +/– Various smaller companies 2 ©2008 Holcim Ltd Half-Year Results 2008

  4. Slide 4: Exchange rates

    Exchange rates Statement of income H1 06 H1 07 H1 08 +/- average exchange rates in CHF 1 EUR 1.56 1.63 1.60 -1.8% 1 GBP 2.27 2.42 2.06 -14.9% 1 USD 1.27 1.23 1.04 -15.4% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.03 1.00 0.91 -9.0% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 0.97 1.00 0.90 -10.0% Balanc

  5. Slide 5: Cement – Sales volumes by region

    Cement – Sales volumes by region Million t Total Group H1 2006 65.5 16.8 17.1 H1 2007 74.2 15.4 H1 2008 72.5 8.7 7.5 6.7 32.5 33.5 24.3 7.3 7.9 4.8 Δ H1 07/H1 08 LFL Change in Total 12.9 12.9 13.7 structure Europe 1.8% 0.0% 1.8% North America -10.7% 0.0% -10.7% Latin America 6.2% 0.0% 6.2% Africa Mi

  6. Slide 6: Aggregates – Sales volumes by region

    Aggregates – Sales volumes by region Million t 51.0 Total Group 48.7 44.3 H1 2006 84.6 H1 2007 87.3 27.2 23.7 20.9 H1 2008 79.7 5.4 4.6 1.2 1.4 1.9 2.3 Δ H1 07/H1 08 LFL Change in Total 6.3 6.1 6.6 structure Europe -8.0% 3.5% -4.5% North America -11.8% 0.0% -11.8% Latin America 8.2% 0.0% 8.2% Africa

  7. Slide 7: Ready-mix concrete and asphalt – Sales volumes

    Ready-mix concrete and asphalt – Sales volumes Ready-mix concrete in million m3 Asphalt in million t 23.6 20.7 21.2 +11.3% +2.4% +20.4% 6.1 6.1 5.8 +52.5% 0.0% -4.9% H1 2006 H1 2007 H1 2008 6 ©2008 Holcim Ltd Half-Year Results 2008

  8. Slide 8: Net sales

    Net sales Million CHF 13,002 12,434 10,879 Like-for-Like (LFL) 865 11.0% 1,009 9.3% 1,051 8.2% Change in structure 1,747 22.2% 962 8.8% -395 -3.0% FX movements 397 5.0% 152 1.4% -1,224 -9.6% Total change 3,009 38.2% 2,123 19.5% -568 -4.4% H1 2006 H1 2007 H1 2008 7 ©2008 Holcim Ltd Half-Year Results

  9. Slide 9: Net sales by region

    Net sales by region Million CHF H1 2006 5065 5144 H1 2007 3980 H1 2008 2376 2253 1857 3083 3089 2080 1005 1079 652 Δ H1 07/H1 08 LFL Change in FX Total structure 1816 1923 2053 Europe 7.9% 0.9% -7.2% 1.6% North America -8.1% 2.3% -11.8% -17.6% Latin America 18.6% 0.6% -12.4% 6.8% Africa Middle East

  10. Slide 10: Net sales by region

    Net sales by region Net sales H1 2008 Europe North America 40.2% 14.5% Asia Pacific Latin America 24.1% 16.1% Africa Middle East 5.1% 9 ©2008 Holcim Ltd Half-Year Results 2008

  11. Slide 11: Operating EBITDA

    Operating EBITDA Margin Million CHF 25.0% 25.6% 1 23.4% 3,324 22.5% 2,802 2,717 Like-for-Like (LFL) 273 13.4% 340 12.5% -29 -0.9% Change in structure 308 15.1% 244 9.0% -210 -6.3% FX movements 99 4.9% 23 0.8% -283 -8.5% Total change 680 33.4% 607 22.3% -522 -15.7% H1 2006 H1 2007 H1 2008 1 Margin on

  12. Slide 12: Operating EBITDA by region

    Operating EBITDA by region Million CHF H1 2006 H1 2007 1135 1115 H1 2008 890 376 343 199 940 783 582 389 322 206 Δ H1 07/H1 08 LFL Change in FX Total 646 608 607 structure Europe 3.3% 0.4% -5.5% -1.8% North America -33.8% 0.0% -8.2% -42.0% Latin America 13.3% 0.2% -13.7% -0.2% Africa Middle East 12.

  13. Slide 13: Operating profit

    Operating profit Margin Million CHF 17.8% 18.6% 1 16.8% 15.8% 2,423 1,941 1,964 Like-for-Like (LFL) 260 17.9% 307 15.8% -58 -2.4% Change in structure 163 11.3% 164 8.4% -205 -8.5% FX movements 70 4.8% 11 0.6% -196 -8.0% Total change 493 34.0% 482 24.8% -459 -18.9% H1 2006 H1 2007 H1 2008 1 Margin on

  14. Slide 14: Operating profit by region

    Operating profit by region Million CHF H1 2006 815 798 H1 2007 625 H1 2008 217 46 168 699 561 404 350 278 178 520 487 495 Δ H1 07/H1 08 LFL Change in FX Total structure Europe 3.1% -0.1% -5.1% -2.1% North America -68.5% -1.8% -2.3% -72.6% Latin America 15.8% 0.2% -14.4% 1.6% Africa Middle East 11.7%

  15. Slide 15: Net income

    Net income Million CHF Net income Net income - equity holders of Holcim Ltd 2,858 2,423 +162.7% +195.1% 1,338 1,088 -53.2% 1,066 821 -56.0% +43.7% +29.7% 1 H1 2006 H1 2007 H1 2008 1 Including a capital gain on the sale of a stake in Holcim South Africa of CHF 1,110 million and a special dividend of

  16. Slide 16: Cash flow from operating activities

    Cash flow from operating activities Margin Million CHF 13.3% 7.5% 1,733 5.3% 664 816 Like-for-Like (LFL) 205 29.9% 801 98.2% -908 -52.4% Change in structure -87 -12.7% 99 12.1% -115 -6.6% FX movements 12 1.8% 17 2.1% -46 -2.7% Total change 130 19.0% 917 112.4% -1,069 -61.7% H1 2006 H1 2007 H1 2008 1

  17. Slide 17: Cash flow statement

    Cash flow statement Full Year Half Year Million CHF +/- 2007 2007 2008 Cash flow from operating activities 5,323 1,733 664 -61.7% Net investments to maintain productive capacity and to secure competitiveness -1,043 -433 -429 -0.9% Free cash flow 4,280 1,300 235 -81.9% Expansion investments -2,245 -8

  18. Slide 18: Financing

    Financing Full Year Half Year Million CHF +/- 2007 2007 2008 Financing requirement -1,114 -302 -2,979 886.4% Share capital paid-in -8 – – Capital (repaid to) paid-in by minority -11 -2 1 interests Movements of treasury shares net -12 -7 -5 Increase in financial liabilities 1,293 377 3,093 Increase i

  19. Slide 19: Financial position

    Financial position Million CHF Net financial debt Total shareholders' equity 76.4% Gearing 60.3% 58.7% 22,012 21,945 19,837 15,163 13,279 12,873 30.06.2007 31.12.2007 30.06.2008 18 ©2008 Holcim Ltd Half-Year Results 2008

  20. Slide 20: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 07/H1 08 * +/- H1 07/H1 08 Europe Belgium 3.5% 4.1% France 4.7% 5.8% Germany 8.2% -3.8% Switzerland 6.2% 1.8% Italy 9.1% -0.1% Hungary 9.5% 4.1% Czech Republic 6.5% -3.4% Slovakia 6.6% 5.5% Croatia 12.9%

  21. Slide 21: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 07/H1 08 * +/- H1 07/H1 08 North America Canada 5.1% 0.2% USA -2.6% -10.7% Latin America Mexico 4.4% 4.3% El Salvador 11.8% 1 0.3% Costa Rica 18.8% 1 16.1% Nicaragua 14.9% 1 6.1% Panama 10.2% 1 2.8% Vene

  22. Slide 22: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 07/H1 08 * +/- H1 07/H1 08 Africa Middle East Morocco 6.4% 32.8% Lebanon 1 Indian Ocean 9.3% 29.5% * If not otherwise indicated calculation based on local currencies 1 Locally not published yet 21 ©2008

  23. Slide 23: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 07/H1 08 * +/- H1 07/H1 08 Asia Pacific India 4.8% 7.2% Sri Lanka 16.1% 3.7% Bangladesh 12.0% 8.0% Thailand 6.5% -5.6% Vietnam 17.5% 20.2% Malaysia 2.1% 39.5% Indonesia 13.5% 24.3% Philippines 0.5% 11.5%

  24. Slide 24: Contact information and event calendar

    Contact information and event calendar Contact information Event calendar Corporate Communications November 12, 2008 Third quarter results 2008 Phone +41 58 858 87 10 Conferences for press and analysts Fax +41 58 858 87 19 March 4, 2009 Annual results 2008 communications@holcim.com Conferences for p

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