Slide 1: 2026 Half-Year Results
2026 HALF-YEAR RESULTS 31 July 2026 MILJAN GUTOVIC | CEO STEFFEN KINDLER | CFO
Slide 2: Business Review
BUSINESS REVIEW 2 31 July 2026 2026 HALF-YEAR RESULTS
Slide 3: Double-Digit Recurring EBIT Growth, Guidance Upgrade
DOUBLE-DIGIT RECURRING EBIT GROWTH, GUIDANCE UPGRADE CHF 7.9 bn +5.2% OG Strong net sales in H1 NET SALES Gaining further momentum with 6.4% organic increase in Q2 CHF 1.4 bn +11.5% OG Double-digit organic growth in recurring EBIT in H1 RECURRING EBIT Acceleration in Q2 with 13.1% 18.1% -20 bps Posi
Slide 4: H1 Regional Highlights – Europe
H1 REGIONAL HIGHLIGHTS – EUROPE Key financials Strong net sales accelerating in Q2, Recurring EBIT margin expansion driven by Germany, Switzerland, with positive price over cost Spain, Greece and East Europe Highlights Alternative fuel substitution¹ Xella acquisition successfully increased to 70%, f
Slide 5: H1 Regional Highlights – Latin America
H1 REGIONAL HIGHLIGHTS – LATIN AMERICA Key financials Net sales up 6.2% organically, Recurring EBIT margin consistently driven by growth in Mexico, above 30% with positive price over Ecuador and Central America cost accelerating in Q2 Highlights Strong performance of Cementos Disensa continued to gr
Slide 6: H1 Regional Highlights – Asia, Middle East & Africa
H1 REGIONAL HIGHLIGHTS – ASIA, MIDDLE EAST & AFRICA Key financials Strong organic growth with net Continued margin expansion sales up 8.5% and overproportional reaching 25.7%, up 80 bps recurring EBIT growth of 23.8% Highlights Favorable demand trends across Value-accretive acquisition in ready-mix
Slide 7: Strong Organic Growth in Net Sales of 5.2%
STRONG ORGANIC GROWTH IN NET SALES OF 5.2% H1 CHF m and % change Net sales bridge 7 871 +5.2% -0.8% -3.4% 7 925 +387 -65 -268 H1 2025 Organic growth M&A FX H1 2026 7 31 July 2026 2026 HALF-YEAR RESULTS
Slide 8: Double-Digit Organic Growth in Recurring EBIT
DOUBLE-DIGIT ORGANIC GROWTH IN RECURRING EBIT H1 Recurring EBIT CHF m and % change bridge 1 440 +11.5% -7.8% -2.8% 1 438 +149 -112 -40 H1 2025 Organic growth M&A FX H1 2026 8 31 July 2026 2026 HALF-YEAR RESULTS
Slide 9: Further Expansion of Industry-Leading Margin
FURTHER EXPANSION OF INDUSTRY-LEADING MARGIN 12M Recurring EBIT and margin 17.4% 18.0% 18.2% 2 841 2 880 2 874 H1 2024 H1 2025 H1 2026 12M rolling % 12M rolling recurring EBIT (CHF m) recurring EBIT margin 9 31 July 2026 2026 HALF-YEAR RESULTS Note: Comparative information is restated for discontinu
Slide 10: Well-Diversified Portfolio Driving Profitable Growth
WELL-DIVERSIFIED PORTFOLIO DRIVING PROFITABLE GROWTH Asia, Middle East & Europe Latin America Africa 15.5% +20 bps 30.5% -210 bps 25.7% +80 bps +1.2% +5.1% +6.2% +1.9% +8.5% +23.8% 4 383 1 714 1 508 682 524 414 RECURRING EBIT MARGIN NET SALES RECURRING EBIT % ORGANIC GROWTH / DECLINE & VARIANCE To e
Slide 11: Strong EPS Growth of 7.4% in CHF
STRONG EPS GROWTH OF 7.4% IN CHF CHF m H1 2026 H1 2025 ± Before impairment and divestments Recurring EBIT 1 438 1 440 -2 Restructuring, litigation and others -64 -29 -35 Other non-operating items 26 -19 45 Share of profit of associates 6 7 -1 Net financial expenses -111 -167 56 Net income before tax
Slide 12: Free Cash Flow on Track to Meet FY Guidance
FREE CASH FLOW ON TRACK TO MEET FY GUIDANCE CHF m H1 2026 H1 2025 ± Recurring EBITDA 1 980 1 982 -2 Change in net working capital & others -940 -886 -55 Income taxes paid -329 -292 -37 Net financial expenses paid & FX -111 -161 50 Share of profit of JVs, net of dividends received -33 -15 -18 CapEx n
Slide 13: Strong Investment Grade Balance Sheet
STRONG INVESTMENT GRADE BALANCE SHEET CHF m 5 548 -2 033 +943 +2 422 +420 7 300 Dividends NFD Free NFD to group M&A Others June 2025 cash flow June 2026 shareholders 13 31 July 2026 2026 HALF-YEAR RESULTS
Slide 14: Strategy Update
STRATEGY UPDATE 14 31 July 2026 2026 HALF-YEAR RESULTS
Slide 15: NextGen Growth 2030 Driving Superior Performance
NEXTGEN GROWTH 2030 DRIVING SUPERIOR PERFORMANCE • Enhancing our leading positions with our sustainable offering powered by premium brands INDUSTRY-LEADING RECURRING EBIT • Decarbonization and circular construction MARGIN driving profitable growth • Expansion of high-value Building Solutions 18.1% i
Slide 16: Scaling Sustainable Offering to Meet Customer Demand
SCALING SUSTAINABLE OFFERING TO MEET CUSTOMER DEMAND Biyal-a Armstrong Creek Library, Australia Built with ECOPact and Geostone 30% 40% 4.7 H1 2026 H1 2026 H1 2026 % of ready-mix concrete net sales % of cement net sales Volume of CDM (million tons) 32% 36% 3.4 H1 2025 H1 2025 H1 2025 16 31 July 2026
Slide 17: Circular Construction as a Driver of Profitable Growth
CIRCULAR CONSTRUCTION AS A DRIVER OF PROFITABLE GROWTH Number of circular construction hubs in major metropolitan areas worldwide 134 H1 2026 104 H1 2025 17 31 July 2026 2026 HALF-YEAR RESULTS
Slide 18: Value-Accretive Transactions Closed
7 VALUE-ACCRETIVE TRANSACTIONS CLOSED Strengthening leadership in Kaktus Tower in Copenhagen, Denmark Built with ZinCo Expanding in high-value Building Materials Building Solutions Acquisitions Acquisitions • Cementos Pacasmayo • Jacobs NV Peru (cement) Belgium (ready-mix concrete) • Uranus Pluton S
Slide 19: Accelerate NextGen Growth 2030
ACCELERATE NEXTGEN GROWTH 2030 Cementos CityWave in Milan, Italy Xella Built with ECOPact, made from calcined-clay ECOPlanet Pacasmayo CHF > 0.9 bn CHF > 0.5 bn projected net sales 2026 projected net sales 2026 4 000 employees 2 000 employees incl. 200 specification salespeople 52 production facilit
Slide 20: Integrated Building Solutions Powered by Premium Brands
INTEGRATED BUILDING SOLUTIONS POWERED BY PREMIUM BRANDS ROOFING WALLING ELEVATE FOUNDATION FLOORING 20 31 July 2026 2026 HALF-YEAR RESULTS
Slide 21: Expanding in Building Solutions
WELCOMING XELLA TO THE HOLCIM FAMILY EXPANDING IN BUILDING SOLUTIONS With Xella, Holcim extends into the attractive EUR 12 bn+ European walling market with integrated end-to-end systems 21 31 July 2026 2026 HALF-YEAR RESULTS
Slide 22: Unlocking Growth and Value Creation with AI
UNLOCKING GROWTH AND VALUE CREATION WITH AI PRODUCTION Driving manufacturing and procurement excellence LOGISTICS By 2028 Optimizing supply chain CHF 200 m and distribution network Rec. EBIT powered by COMMERCIAL AI initiatives1 Enhancing customer experience across the full value chain ADMINISTRATIO
Slide 23: AI Initiatives Driving Value Creation in Production
AI INITIATIVES DRIVING VALUE CREATION IN PRODUCTION M-PREDICT Q-PREDICT P-PREDICT Proprietary AI models correlating Proprietary AI models for Proprietary AI models for real- smart sensor data to predict dynamic quality prediction to time kiln process control, maintenance of critical machines optimiz
Slide 24: Outlook
OUTLOOK 24 31 July 2026 2026 HALF-YEAR RESULTS
Slide 25: Guidance 2026 Upgraded
GUIDANCE 2026 UPGRADED ● 2026 growth at the high end with NextGen Growth 2030 targets: ○ ~5% organic net sales growth ○ ~10% organic recurring EBIT growth ● Further increase of recurring EBIT margin ● Free cash flow of around CHF 2 billion ● >20% growth in recycled construction demolition materials
Slide 26: Upcoming Events and Contacts
UPCOMING EVENTS AND CONTACTS Q3 2026 trading Full-year Q1 2027 trading Annual General update 2026 results update Meeting 2027 October 23 February 25 April 23 May 20 Holcim Investor Relations Email: investor.relations@holcim.com Phone: +41 58 858 87 87 Bernd Pomrehn Bénédicte Mayer Tia Oreskovic Head
Slide 27: Appendices
APPENDICES 27 31 July 2026 2026 HALF-YEAR RESULTS
Slide 28: Q2 Net Sales Growth of 6.4%
Q2 NET SALES GROWTH OF 6.4% [CHF m and % change] 4 175 +6.4% +1.0% -1.5% 4 405 +252 +40 -61 Q2 2025 Organic growth M&A FX Q2 2026 28 31 July 2026 2026 HALF-YEAR RESULTS
Slide 29: Q2 Recurring EBIT Growth of 13.1%
Q2 RECURRING EBIT GROWTH OF 13.1% [CHF m and % change] 955 +13.1% -5.1% -1.4% 1 007 +114 -49 -13 Q2 2025 Organic growth M&A FX Q2 2026 29 31 July 2026 2026 HALF-YEAR RESULTS
Slide 30: Q2 Regional Overview
Q2 REGIONAL OVERVIEW Asia, Middle East & Europe Latin America Africa 22.5% +10 bps 30.4% -190 bps 28.8% +20 bps +4.2% +8.2% +4.8% +3.8% +8.2% +22.1% 2 481 947 808 563 288 250 RECURRING EBIT MARGIN NET SALES RECURRING EBIT % ORGANIC GROWTH / DECLINE & VARIANCE To external customers (CHF m) (CHF m) No
Slide 31: Holcim's ESG Leadership Recognized by Ratings Agencies
HOLCIM’S ESG LEADERSHIP RECOGNIZED BY RATINGS AGENCIES SUSTAINALYTICS RECOGNIZES HOLCIM AS #1 IN THE SECTOR A List, Climate & Water A Score, Leader AAA Only 4% of companies Best-in class in Leader among rated reached the double governance, scope 3 and construction A List in 2025 value chain engageme
Slide 32: Glossary
GLOSSARY Definitions Abbreviations • Organic growth: Organic growth information factors out • Bps: Basis points changes in the scope of consolidation (such as • CDM: Construction demolition materials divestments and acquisitions occurring in the current year and the prior year) and currency translat
Slide 33: 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