Slide 1: Half-Year 2024 Results: Record Profitable Growth
La Confluence, Namur, Belgium built with Elevate RubberGardTM EPDM roofing membrane HALF-YEAR 2024 RESULTS RECORD PROFITABLE GROWTH MILJAN GUTOVIC – CEO | STEFFEN KINDLER – CFO JULY 26, 2024
Slide 2: Highlights and Key Developments
01. HIGHLIGHTS AND KEY DEVELOPMENTS MILJAN GUTOVIC | CEO Wood Wharf, London, UK built with ECOPact with construction demolition materials inside
Slide 3: H1 2024 Highlights: Record Profitable Growth
H1 2024 HIGHLIGHTS RECORD PROFITABLE GROWTH Record recurring EBIT +12.7% in local currency, Disciplined M&A execution continues with +8.1% in CHF 11 value-accretive acquisitions and Net Sales +1.6% in local currency 4 divestments Record recurring EBIT margin of 23.2%, Leading in sustainability +210b
Slide 4: Industry-Leading EBIT Margin: Record Q2 Recurring EBIT Margin of 23.2%
INDUSTRY-LEADING EBIT MARGIN NEW RECORD Q2 RECURRING EBIT MARGIN OF 23.2% REC. EBIT MARGIN (%) +210 Scaling up sustainable building solutions bps Decarbonization and circularity driving profitable 23.2 growth 21.1 Value accretive M&A with focus on most attractive 20.2 markets 19.2 18.9 Opera
Slide 5: Disciplined and Value Accretive M&A
DISCIPLINED AND VALUE ACCRETIVE M&A CONTINUED EXECUTION WITH 11 ACQUISITIONS, 4 DIVESTMENTS 11 BOLT-ON ACQUISITIONS Solutions & Products. ZinCo Tensolite Germany | Green Argentina | Precast roofing systems 4 DIVESTMENTS Bantle Gips Germany | Other CLOSED Aggregates, Ready-mix & CDM1. • Uganda • Tanz
Slide 6: Leading in Sustainability: CO2 per Net Sales Down 7%
LEADING IN SUSTAINABILITY REDUCTION OF CO2 PER NET SALES BY 7% CO2 PER MILLION OF NET SALES 000 tons 5.0 5.0 4.0 -7% 3.0 2.8 H1 2020 H1 2021 H1 2022 H1 2023 H1 2024 Essential Homes Research, Holcim and the Norman Foster Foundation built with ECOPact, ECOCycle and Elevate inside 6
Slide 7: Leading in Sustainability: Sustainable Building Solutions to Circular Construction
LEADING IN SUSTAINABILITY FROM SUSTAINABLE BUILDING SOLUTIONS TO CIRCULAR CONSTRUCTION A “1+ Billion CHF” A “2+ Billion CHF” Scaling up Circular Brand Brand Construction 28% of Ready-Mix Net Sales 26% of Cement Net Sales On track to reach 10 Mt of recycled in H1 2024 in H1 2024 Construction Demoliti
Slide 8: Accelerating Circular Construction
ACCELERATING CIRCULAR CONSTRUCTION SCALING UP ECOCYCLE® WITH 4 HIGHLY ACCRETIVE ACQUISITIONS AL R E AD Y > 1 0 0 R E C Y C L I N G P L AT F O R M S I N E U R O P E Land Recovery, UK Mendiger Basalt, Germany Mark Desmedt, Belgium Cand-Landi, Switzerland O N T R AC K T O R E AC H 1 0 M I L L I O N T O
Slide 9: Meeting Customer Demand for Sustainable Building Solutions
LEADING IN SUSTAINABILITY MEETING CUSTOMER DEMAND FOR SUSTAINABLE BUILDING SOLUTIONS Ta r g e t of 2025 25% Ready Mix Net Sales 28% 26% 19% 19% 13% 7% >1 M m3 Ready Mix delivered 2021 2022 2023 H1 2024 2022 2023 H1 2024 Launched in A “1+ Billion Launched in A “2+ Billion 24 markets CHF” Brand 27 m
Slide 10: Holcim as the Building Partner of Choice
HOLCIM AS THE BUILDING PARTNER OF CHOICE SCALING UP SUSTAINABLE BUILDING SOLUTIONS A D VA N C I N G T H E E N E R G Y T R A N S I T I O N , E M P O W E R I N G A I , M O D E R N I Z I N G I N F R A S T R U C T U R E Princess Elisabeth Island Amazon Data Centers Metro Tunnel Renewable Energy, Belgium
Slide 11: Financial Highlights
02. FINANCIAL HIGHLIGHTS STEFFEN KINDLER | CHIEF FINANCIAL OFFICER Marina de Marseille, France built with ECOPlanet with calcined clay inside
Slide 12: H1 2024 Net Sales Bridge
H1 2024 NET SALES BRIDGE 1.6% GROWTH IN LOCAL CURRENCY +1.6% CHF m in LC -43 13’067 248 -458 12’813 +1.9% -0.3% H1 2023 Acquisitions & Divestments Organic Growth FX H1 2024 12
Slide 13: H1 2024 Recurring EBIT Bridge
H1 2024 RECURRING EBIT BRIDGE RECORD EBIT, UP 12.7% IN LOCAL CURRENCY AND 8.1% IN CHF CHF m +12.7% in LC -94 2’210 251 2’043 10 +0.5% +12.3% H1 2023 Acquisitions & Divestments Organic Growth FX H1 2024 +8.1% 13
Slide 14: H1 2024 Segment Performance
H1 2024 SEGMENT PERFORMANCE OVER PROPORTIONAL EBIT GROWTH ACROSS ALL SEGMENTS North America Latin America Europe Asia Middle East & Africa Solutions & Products -1.1% -1.6% +13.4% +0.3% +0.7% +12.2% +5.1% +15.3% +11.1% +26.5% 2’913 576 1’447 519 3’599 606 1’773 444 2’867 287 NET SALES RECURRING EBIT
Slide 15: North America: Reaching a New Level of Profitability
NORTH AMERICA REACHING A NEW LEVEL OF PROFITABILITY H1 2024 CHF m -1.6% in LC Net Sales1 2’913 -4.3% Recurring +12.2% in LC 576 EBIT +9.2% 1 Net Sales to external customers Strong market fundamentals 100+ infrastructure projects secured Expansion of recurring EBIT Strong performance margin by 240bps
Slide 16: Latin America: Strong Performance
LATIN AMERICA STRONG PERFORMANCE H1 2024 CHF m +0.7% in LC Net Sales1 1’447 +3.1% Recurring +5.1% in LC 519 EBIT +6.3% 1 Net Sales to external customers 16th consecutive quarter of Most advanced distribution profitable growth network with 2’000+ Disensa branded stores Outstanding H1 recurring Nearsh
Slide 17: Europe: Sustainability Driving Profitable Growth
EUROPE SUSTAINABILITY DRIVING PROFITABLE GROWTH H1 2024 CHF m -1.1% in LC Net Sales1 3’599 -2.6% Recurring +15.3% in LC 606 EBIT +13.8% 1 Net Sales to external customers 7th consecutive quarter of 6 bolt-on acquisitions in profitable growth Aggregates, Ready-mix, CDM and recycling solutions Expansio
Slide 18: Asia, Middle East & Africa: Successful Margin Expansion
ASIA MIDDLE EAST & AFRICA SUCCESSFUL MARGIN EXPANSION H1 2024 CHF m +0.3% in LC Net Sales1 1’773 -13.4% Recurring +11.1% in LC 444 EBIT2 -3.5% 1 Net Sales to external customers 2 Contribution from share of net income from JVs: CHF 97 m in H1 2024 vs. CHF 122 m in H1 2023 Good market dynamics in Cont
Slide 19: Solutions & Products: Double Digit Growth and Margin Expansion
SOLUTIONS & PRODUCTS DOUBLE DIGIT GROWTH AND MARGIN EXPANSION H1 2024 CHF m +13.4% in LC Net Sales1 2’867 +10.7% Recurring +26.5% in LC 287 EBIT +22.6% 1 Net Sales to external customers Strongest Net Sales increase 3 acquisitions in Europe driven by roofing systems and Latin America Margin expansion
Slide 20: H1 2024 Financial Performance: Record H1 EPS
H1 2024 FINANCIAL PERFORMANCE RECORD H1 EPS OF CHF 2.44, UP 10% H1 2024 CHF m Before impairment and divestments Change vs H1 2023 Net Sales 12’813 -254 Recurring EBITDA after leases 3’007 +168 Recurring EBITDA margin 23.5% Recurring EBIT 2’210 +166 +8.1% Recurring EBIT margin 17.2% Record H1: • Recu
Slide 21: H1 2024 Free Cash Flow
H1 2024 FREE CASH FLOW ON TRACK TO ACHIEVE GUIDANCE H1 2024 CHF m Change vs H1 2023 Recurring EBITDA after leases 3’007 +168 Change in Net W orking Capital -1’438 +21 Net financial expenses paid, FX & -712 -111 Stronger operational performance Income taxes paid Others 146 -5 Well-managed Net Wor
Slide 22: Net Financial Debt and Cash Returned to Shareholders
NET FINANCIAL DEBT CHF 2.0 BN CASH RETURNED TO SHAREHOLDERS IN THE LAST 12 MONTHS CHF m 436 690 393 -3'674 1’570 271 109 11'067 10'862 CHF 1’963 million cash returned to shareholders Net Financial Debt Free Cash Flow Net M&A Non-controlling Group Share buyback Hybrid bond FX & others Net Financial D
Slide 23: Capital Allocation: CHF 1 Bn Share Buyback Program
CAPITAL ALLOCATION CHF 1 BN SHARE BUYBACK PROGRAM ON TRACK Share buyback program launched on 18 March 2024, up to CHF 1 billion until year-end 2024 5.2 million shares repurchased as of 30 June 2024, worth CHF 413 million, representing 0.9% of total shares outstanding 6.5 million shares repurch
Slide 24: Outlook and Guidance 2024
03. OUTLOOK AND GUIDANCE 2024 MILJAN GUTOVIC | CEO Ellinikon, Greece built with ECOPlanet low-carbon cement
Slide 25: Outlook and Guidance: Full Year 2024 Guidance Updated
OUTLOOK AND GUIDANCE FULL YEAR 2024 GUIDANCE UPDATED CONTINUED MARGIN EXPANSION IN H2 Low single-digit Net Sales growth in local currency Over proportional growth in recurring EBIT Increase in recurring EBIT margin to above 18.5% Free Cash Flow of above CHF 3 billion 20% growth in recycled Construct
Slide 26: Upcoming Earnings Releases
UPCOMING EARNINGS RELEASES OCTOBER 25, 2024 Q3 2024 Trading Update FEBRUARY 28, 2025 Full Year 2024 Results APRIL 25, 2025 Q1 2025 Trading Update JULY 31, 2025 Half Year 2025 Results 26
Slide 27: 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 28: Holcim
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