Slide 1: Half-Year Results 2015
ay olcim HALF-YEAR RESULTS 2015
Slide 2: 6M 2015 Milestones
6M 2015 Milestones • Economic uncertainty across many markets impacted Group’s performance • Like-for-like operating profit adjusted1 decreased by 5.5%, slightly lower operating profit margin adjusted1 at 10.6% • Volumes up in aggregates and ready-mix concrete • Holcim Leadership Journey contributio
Slide 3: Key financial figures – Q2 2015
Key financial figures – Q2 2015 Million CHF Q2 +/- (if not otherwise stated) 2014 2015 LFL CIS FX Total Sales volumes - Cement (mt) 36.4 36.9 1.1% 0.1% 1.2% - Aggregates (mt) 40.4 42.4 -1.0% 6.0% 5.0% 3 - Ready-mix (mm ) 9.9 10.2 -0.7% 3.5% 2.8% Net sales 4,900 4,731 1.1% 1.0% -5.5% -3.4% Operating
Slide 4: Key financial figures – H1 2015
Key financial figures – H1 2015 Million CHF Full year 6M +/- (if not otherwise stated) 2014 2014 2015 LFL CIS FX Total Sales volumes - Cement (mt) 138.2 68.9 67.6 -2.1% 0.2% -2.0% - Aggregates (mt) 153.1 69.6 72.0 -2.3% 5.7% 3.4% 3 - Ready-mix (mm ) 37.0 18.1 18.2 -3.0% 3.7% 0.6% Net sales 18,825 8,
Slide 5: Cement – Sales volumes by region
Cement – Sales volumes by region Million t Total Group 2013 67.1 12.1 12.7 11.9 2014 68.9 2015 67.6 35.0 36.0 35.2 5.0 5.4 5.6 3.9 4.3 4.0 12.3 12.1 12.1 ∆ 6M 14 / 6M 15 LFL Change in Total structure Asia Pacific -2.3% 0.0% -2.3% 1 Latin America 0.0% 0.0% 0.0% Europe -7.2% 0.9% -6.4% North America 2
Slide 6: Aggregates – Sales volumes by region
Aggregates – Sales volumes by region Million t 34.4 34.7 39.7 Total Group 2013 69.4 2014 69.6 2015 72.0 16.3 17.4 17.8 12.2 12.5 11.3 1.1 1.0 0.7 ∆ 6M 14 / 6M 15 LFL Change in Total 5.5 4.0 structure 2.4 Asia Pacific -9.7% 0.0% -9.7% Latin America -39.3% 0.0% -39.3% Europe 3.0% 11.3% 14.4% North Ame
Slide 7: Ready-mix concrete and asphalt – Sales volumes by region
Ready-mix concrete and asphalt – Sales volumes by region Million m3/t 5.7 5.9 6.7 Total Ready-mix 2013 18.8 2.7 3.2 2014 18.1 2.2 2015 18.2 3.3 3.2 2.8 1.4 1.4 5.2 5.2 5.2 1.1 0.4 0.4 0.3 4.2 3.3 3.2 ∆ 6M 14 / 6M 15 * LFL Change in Total structure Asia Pacific 0.7% 0.0% 0.7% Latin America -3.5% 0.0%
Slide 8: Exchange rates
Exchange rates Statement of income 6M 13 6M 14 6M 15 +/- average exchange rates in CHF 1 EUR 1.23 1.22 1.06 -13.5% 1 GBP 1.45 1.49 1.44 -3.0% 1 USD 0.94 0.89 0.95 6.3% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.23 1.00 0.90 -9.8% 1 Asian Basket (AUD, IDR, INR, PHP) 1 1.17 1.00 1.00 -0.4% Statement of f
Slide 9: Foreign exchange rate impact
Foreign exchange rate impact Million CHF Net sales impact Operating EBITDA impact 0.3% 0.5% 0.4% 0.8% 1.3% 16 6 20 7 8 -65 -33 -48 -72 -83 -94 -86 -5.5% -131 -2.9% -4.8% -8.8% -12.8% -8.0% -2.1% -2.5% -268 -346 -359 -6.0% -451 -442 -5.5% -6.8% -10.4% -8.3% Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q
Slide 10: Net sales
Net sales Million CHF 9,418 8,926 8,646 Like-for-Like (LFL) -184 -1.9% 461 4.9% -14 -0.2% Change in structure -172 -1.7% -58 -0.6% 88 1.0% Forex movements -74 -0.7% -894 -9.5% -354 -4.0% Total change -429 -4.4% -492 -5.2% -280 -3.1% 6M 13 6M 14 6M 15 © 2015 Holcim Ltd 10
Slide 11: Net sales by region
Net sales by region Million CHF 6M 2013 2717 6M 2014 2611 2514 6M 2015 1259 1280 1374 3936 3349 3234 444 438 373 1718 1465 1438 ∆ 6M 14 / 6M 15 LFL Change in Currency Total structure Asia Pacific -3.5% 0.0% 0.1% -3.4% Latin America 4.8% -0.2% -6.4% -1.8% Europe -2.1% 4.2% -9.6% -7.5% North America 6
Slide 12: Net sales by region
Net sales by region Net sales 2015 © 2015 Holcim Ltd 12
Slide 13: Operating EBITDA
Operating EBITDA Million CHF Margin 18.9% 18.1% 1 18.0% 17.9% 17.0% 1,761 1,595 1,471 Like-for-Like (LFL) -5 -0.3% 11 0.6% -82 -5.1% Change in structure -5 -0.3% -2 -0.1% -2 -0.1% Forex movements -13 -0.7% -176 -10.0% -40 -2.5% Total change -23 -1.3% -167 -9.5% -124 -7.8% 6M 13 6M 14 6M 15 1 Excludi
Slide 14: Operating EBITDA by region
Operating EBITDA by region Million CHF 6M 2013 6M 2014 352 408 355 6M 2015 155 181 768 126 645 600 144 136 109 500 410 434 ∆ 6M 14 / 6M 15 LFL Change in Currency Total structure Asia Pacific -8.2% 0.0% 1.1% -7.0% Latin America 9.8% -0.4% -3.6% 5.8% Europe -3.2% -1.3% -8.4% -12.9% North America 8.4%
Slide 15: Operating profit
Operating profit Million CHF Margin 10.8% 1 10.6% 10.8% 10.6% 9.6% 1,010 943 827 Like-for-Like (LFL) 6 0.6% 35 3.5% -117 -12.4% Change in structure 3 0.3% 19 1.9% 12 1.3% Forex movements -13 -1.2% -122 -12.0% -12 -1.2% Total change -3 -0.3% -67 -6.6% -116 -12.3% 6M 13 6M 14 6M 15 1 Excluding merger-
Slide 16: Operating profit bridge
Operating profit bridge Million CHF 1) 161 117 943 71 44 2) 5 39 12 12 827 Op Profit Volume Price Fixed Variable CO2 Other CIS FX Op Profit 6M 2014 Costs Costs 6M 2015 1 Including merger-related costs of CHF 86 million 2 Mainly higher depreciation (Indonesia, USA, Vietnam) and inventory movements ©
Slide 17: Operating profit by region
Operating profit by region Million CHF 6M 2013 1 6M 2014 6M 2015 192 159 98 16 44 585 469 -20 408 115 110 84 390 321 345 ∆ 6M 14 / 6M 15 LFL Change in Currency Total structure Asia Pacific -14.8% 0.0% 1.8% -13.0% Latin America 10.2% -0.2% -2.7% 7.3% Europe -10.1% -3.3% -4.1% -17.4% North America 40.
Slide 18: Net income
Net income Million CHF Net income Net income - shareholders of Holcim Ltd 760 690 657 571 573 485 23.8% 47.4% -13.5% -14.9% 4.9% 18.0% 6M 13 6M 14 6M 15 © 2015 Holcim Ltd 18
Slide 19: Cash flow from operating activities
Cash flow from operating activities Million CHF Margin 2.6% 2.5% 2.2% 254 220 194 Like-for-Like (LFL) 74 42.2% -34 -13.5% 17 9.0% Change in structure 8 4.8% 7 2.8% -6 -3.2% Forex movements -5 -2.8% -32 -12.8% 15 7.9% Total change 77 44.2% -60 -23.5% 26 13.6% 6M 13 6M 14 6M 15 © 2015 Holcim Ltd 19
Slide 20: Statement of cash flows
Statement of cash flows Full year 6M Million CHF +/- 2014 2014 2015 Cash flow from operating activities 2,484 194 220 13.6% Net investments to maintain productive -732 -204 -268 -31.4% capacity and to secure competitiveness Free cash flow 1,752 -11 -48 -357.1% Expansion investments -1,005 -535 -307
Slide 21: Financial position
Financial position Million CHF Net financial debt Total shareholders' equity 20,112 18,933 18,196 10,475 9,520 9,057 30.6.2014 31.12.2014 30.6.2015 © 2015 Holcim Ltd 21
Slide 22: Financial debt, maturities and liquidity as of June 30, 2015
Financial debt, maturities and liquidity as of June 30, 2015 Maturity profile1 (mCHF) Liquidity summary • Cash + marketable securities: CHF 2,255 million 4'000 Loans Capital markets • Cash + marketable securities + unused committed credit lines: CHF 5,286 million 3'000 Debt summary 2'000 • Current f
Slide 23: Outlook for 2015
Outlook for 2015 • Holcim expects cement volumes to increase in all Group regions in 2015 with the exception of Europe and Africa Middle East • Aggregate and ready-mix concrete volumes are expected to increase • On a stand-alone basis and unconnected to the merger with Lafarge, it would have expecte
Slide 24: Asia Pacific – regional overview
Asia Pacific – regional overview Million CHF 6M +/- (if not otherwise stated) 2014 2015 LFL CIS FX Total Cement volumes (mt) 36.0 35.2 -2.3% 0.0% -2.3% - of which mature markets 0.2 0.2 3.4% 0.0% 3.4% - of which emerging markets 35.8 35.0 -2.3% 0.0% -2.3% Aggregates volumes (mt) 12.5 11.3 -9.7% 0.0%
Slide 25: Latin America – regional overview
Latin America – regional overview Million CHF 6M +/- (if not otherwise stated) 2014 2015 LFL CIS FX Total Cement volumes (mt) 12.1 12.1 0.0% 0.0% 0.0% Aggregates volumes (mt) 4.0 2.4 -39.3% 0.0% -39.3% 3 Ready-mix volumes (mm ) 3.3 3.2 -3.5% 0.0% -3.5% Net sales 1,465 1,438 4.8% -0.2% -6.4% -1.8% Op
Slide 26: Europe – regional overview
Europe – regional overview Million CHF 6M +/- (if not otherwise stated) 2014 2015 LFL CIS FX Total Cement volumes (mt) 12.7 11.9 -7.2% 0.9% -6.4% - of which mature markets 7.4 7.0 -9.9% 5.2% -4.7% - of which emerging markets 5.3 4.9 -3.6% -5.2% -8.7% Aggregates volumes (mt) 34.7 39.7 3.0% 11.3% 14.4
Slide 27: North America – regional overview
North America – regional overview Million CHF 6M +/- (if not otherwise stated) 2014 2015 LFL CIS FX Total Cement volumes (mt) 5.4 5.6 2.7% 0.0% 2.7% Aggregates volumes (mt) 17.4 17.8 2.5% 0.0% 2.5% 3 Ready-mix volumes (mm ) 3.2 2.8 -6.2% -7.7% -13.9% Net sales 1,280 1,374 6.8% -2.0% 2.5% 7.4% Operat
Slide 28: Africa Middle East – regional overview
Africa Middle East – regional overview Million CHF 6M +/- (if not otherwise stated) 2014 2015 LFL CIS FX Total Cement volumes (mt) 4.3 4.0 -7.4% 0.0% -7.4% Aggregates volumes (mt) 1.0 0.7 -28.1% 0.0% -28.0% 3 Ready-mix volumes (mm ) 0.4 0.3 -39.2% 0.0% -39.2% Net sales 438 373 -8.8% 0.0% -6.0% -14.8
Slide 29: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ 6M 14 / 6M 15 * ∆ 6M 14 / 6M 15 Asia Pacific 1 0.3% -2.3% India -0.3% -5.0% Sri Lanka -0.4% 17.9% Bangladesh -5.1% -10.1% Vietnam 1.2% 12.8% Malaysia -1.8% 9.8% Indonesia 2 #N/A #N/A Philippines 0
Slide 30: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ 6M 14 / 6M 15 * ∆ 6M 14 / 6M 15 Latin America 1 6.3% 0.0% 3 Mexico 5.3% 14.0% El Salvador 4.4% 2 7.9% Costa Rica 5.9% -1.6% Nicaragua 2.6% 2 0.1% Colombia -0.2% 9.8% Ecuador 1.6% 2 -13.0% Brazil -
Slide 31: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ 6M 14 / 6M 15 * ∆ 6M 14 / 6M 15 Europe 1 -1.3% -7.2% Belgium -2.4% -4.2% France -2.6% -22.4% Germany -11.8% 46.6% 2 Switzerland -5.1% -12.9% Italy -8.8% -16.2% Hungary -0.7% -0.9% Slovak Republic
Slide 32: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ 6M 14 / 6M 15 * ∆ 6M 14 / 6M 15 North America 1 5.5% 2.7% Canada -1.0% -1.8% USA 8.0% 3.6% Africa Middle East 1 -0.3% -7.4% Morocco 2 3.3% -9.7% Lebanon 2 -9.5% -17.0% Réunion 1.8% 3 3.9% Ivory Co
Slide 33: Aggregates – Price/volume variances per region
Aggregates – Price/volume variances per region Domestic aggregates Domestic aggregates prices volumes ∆ 6M 14 / 6M 15 * ∆ 6M 14 / 6M 15 Asia Pacific 1 -5.7% -9.7% Indonesia 2 5.7% #N/A Australia -2.8% -13.4% Latin America 1 12.2% -39.3% Mexico 35.3% -80.5% Brazil -5.1% -32.8% Group 1 3.0% -2.3% * If
Slide 34: Aggregates – Price/volume variances per region
Aggregates – Price/volume variances per region Domestic aggregates Domestic aggregates prices volumes ∆ 6M 14 / 6M 15 * ∆ 6M 14 / 6M 15 Europe 1 4.5% 3.0% United Kingdom 8.7% 4.9% Belgium -0.7% -6.0% France 1.1% -10.1% Germany 41.1% 315.1% 2 Switzerland 1.6% -9.0% Italy -4.7% 1.6% Romania -19.6% 98.
Slide 35: Contact information
Contact information Contact information Corporate Communications Phone +41 58 858 87 10 Fax +41 58 858 87 19 communications@lafargeholcim.com Investor Relations Phone +41 58 858 87 87 Fax +41 58 858 80 09 investor.relations@lafargeholcim.com www.lafargeholcim.com/investor-relations Mailing list: www
Slide 36: Disclaimer
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
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