Holcim Ltd · SIX:HOLN
Holcim — Merger or Acquisition (October 2025)
14 slides from Holcim's merger presentation, Oct 20, 2025
Slide 1: Holcim to Acquire Xella
HOLCIM TO ACQUIRE XELLA ADVANCING NEXTGEN GROWTH 2030 Source: Xella 20 October 2025 Note: The transaction is subject to customary conditions and regulatory clearances, and expected to close in H2 2026
Slide 2: Holcim to expand Building Solutions with strategic acquisition of Xella
HOLCIM TO EXPAND BUILDING SOLUTIONS WITH STRATEGIC ACQUISITION OF XELLA A new growth platform in the highly attractive EUR 12 billion+ walling market, with around EUR 1 billion in net sales 1 and an EBITDA margin of ~20% in 2025 Xella’s sustainable and energy-efficient solutions powered by premium b
Slide 3: Xella at a glance
XELLA AT A GLANCE New country entries for Holcim Superior network covering key markets in Europe ● >4’000 employees incl. 200 specification salespeople ● Headquarters in Duisburg, Germany R&D center ● R&D center in Berlin, Germany Headquarters ● +50 production facilities across 21 countries Premium b
Slide 4: New growth platform in EUR 12 bn walling market
NEW GROWTH PLATFORM IN EUR 12 BN WALLING MARKET European walling market to reach EUR 16 bn by 2030… …driven by strong market trends 21% Housing demand: AAC & CSU Europe housing need for 10 m dwellings and "housing cost overburden" (over 40% of disposable income spent on housing) requires a ramp-up o
Slide 5: Sustainability advantage of Xella's walling solutions
SUSTAINABILITY ADVANTAGE OF XELLA’S WALLING SOLUTIONS Autoclaved Calcium silicate unit aerated concrete Clay bricks Timber frame (CSU) (AAC) Thermal insulation Sound insulation Fire & water resistance Ease of use Large formats Lightweight 1 Load bearing Low carbon footprint Recyclability Overall sum
Slide 6: Innovative & sustainable walling offering
INNOVATIVE & SUSTAINABLE WALLING OFFERING EPD carbon footprint benchmark Best sustainable offering to meet customer needs Environment Product Declaration Lower embodied energy EPD (A-C) in kg CO2 eq/m2 The manufacturing process of AAC blocks consumes less energy at U value = 0.2W/m2 compared to the
Slide 7: Holcim and Xella's complementary sustainable product offering
HOLCIM AND XELLA’S COMPLEMENTARY SUSTAINABLE PRODUCT OFFERING ROOFING SYSTEMS WALLING SOLUTIONS FOUNDATION & FLOORING SOLUTIONS STRUCTURE 7 20 03 October 2025 HOLCIM PROJECTTOHENDRIX ACQUIREREQUEST XELLA FOR APPROVAL
Slide 8: Specification and cross selling opportunities based on comprehensive product offering
SPECIFICATION AND CROSS SELLING OPPORTUNITIES BASED ON COMPREHENSIVE PRODUCT OFFERING Holcim and Xella’s integrated wall system Autoclaved Calcium Silicate Mortars & Aerated Units (CSU) Insulation Concrete (AAC) Adhesives & Renders & Building Structural Finishes Waterproofing Blocks Elements 8 20 Oct
Slide 9: Example of potential cross-selling opportunities: the Belgrade Waterfront project
EXAMPLE OF POTENTIAL CROSS-SELLING OPPORTUNITIES: THE BELGRADE WATERFRONT PROJECT Belgrade Waterfront City Center, Belgrade, Serbia Built with Holcim's ECOPact and ZinCo, and Xella’s Ytong, Silka and Multipor Holcim and Xella’s systems-selling for one of the region’s largest urban developments • ECO
Slide 10: Run-rate synergies of EUR 60 million by year three
RUN-RATE SYNERGIES OF EUR 60 MILLION BY YEAR THREE Phased revenue and cost synergies split 50/50 ● Utilize Holcim’s sales channels to Vertical expand Xella’s sales Integration & ● Cross-selling increasing Holcim’s Revenue synergies revenues with walling solutions including adhesives, finishes, render
Slide 11: Excellent strategic fit, accelerating NextGen Growth 2030 strategy
EXCELLENT STRATEGIC FIT, ACCELERATING NEXTGEN GROWTH 2030 STRATEGY Focused investment in SUSTAINABILITY Expanding high-value PERFORMANCE CULTURE ATTRACTIVE MARKETS driving profitable growth BUILDING SOLUTIONS and value creation 1 2 3 4 European leader in sustainable walling Sustainability leadership
Slide 12: Holcim to drive sustainable construction
HOLCIM TO DRIVE SUSTAINABLE CONSTRUCTION SUSTAINABLE AND CIRCULAR: Promotes a circular economy with locally sourced materials designed for easy reuse and recycling ● ● Enables green building standards (like LEED & BREEAM) with socially responsible, EPD-certified products ✓ ENERGY-EFFICIENT REFURBISHM
Slide 13: 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: In providing this presentation (and the information contained herein), no legal entity of the Holcim Group undertakes any obligation
Slide 14: <j) HOLCIM
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