Holcim Ltd · SIX:HOLN
Holcim — Q1 2004 Earnings Presentation
10 slides from Holcim's earnings presentation, 2004
Slide 1: First Quarter Results 2004: Key financial figures
First Quarter Results 2004 Strength. Performance. Passion. Key financial figures Full Year 1st Quarter +/- Million CHF 2003 2003 2004 in CHF in loc. curr. Net sales 12'600 2'467 2'760 11.9% 12.3% Operating EBITDA 3'311 597 694 16.2% 19.4% Operating profit 1'925 287 375 30.7% 36.2% Group net income a
Slide 2: Major changes in the scope of consolidation; Exchange rates
Major changes in the scope of consolidation Cement Effective as at capacity + Cementos Hispania, Spain January 1, 2003 1 0.8 million t + Proportionate consolidation of Cement June 1, 2003 – Australia (integration of Queensland Cement) – Eternit AG, Switzerland November 10, 2003 – + Alpha Cement, Rus
Slide 3: Cement and clinker sales volumes by region; aggregates and ready-mix volumes
Cement and clinker sales volumes by region Million t 6.1 Q1 2003 4.8 Q1 2004 3.0 5.7 6.2 2.6 3.1 2.7 5.0 ∆ Q1 03/Q1 04 Volume Change in Total 4.6 structure Europe 8.3% 18.8% 27.1% North America 15.8% 0.0% 15.4% Latin America 7.9% 0.0% 8.7% Africa Middle East 14.1% 0.0% 14.8% Asia Pacific 8.8% 0.0% 8
Slide 4: Net sales; Net sales by region
Net sales Million CHF 2'847 2'760 2'467 Volume / price -46 -1.6% -73 -2.5% 283 11.5% Change in structure 104 3.6% 3 0.1% 20 0.8% Forex movements -74 -2.6% -310 -10.9% -10 -0.4% Total change -16 -0.6% -380 -13.3% 293 11.9% Q1 2002 Q1 2003 Q1 2004 7 First quarter results 2004 Net sales by region Milli
Slide 5: Net sales by region; Operating EBITDA
Net sales by region Sales Q1 2004 Europe North 35% America 13% Asia Pacific 16% Latin America Africa 25% Middle East 11% 9 First quarter results 2004 Operating EBITDA Million CHF Margin 25.1% 24.2% 23.4% 666 694 597 Volume / price / cost 13 2.0% 15 2.3% 109 18.2% Change in structure 15 2.3% 5 0.8% 7
Slide 6: EBITDA; Operating profit
EBITDA Million CHF Margin 25.7% 24.0% 24.7% 683 708 + 16.3% - 1.2% 609 - 10.8% Q1 2002 Q1 2003 Q1 2004 11 First quarter results 2004 Operating profit Million CHF Margin 13.6% 11.6% 10.9% 375 310 287 Volume / price / cost 0 0.0% 26 8.4% 99 34.5% Change in structure -5 -1.5% -2 -0.6% 5 1.7% Forex move
Slide 7: Operating profit by region; Group net income
Operating profit by region Million CHF Q1 2003 Q1 2004 84 58 -24 -25 37 57 67 45 185 201 ∆ Q1 03/Q1 04 Volume/ Change in Currency Total price structure Europe 25.9% 10.3% 8.6% 44.8% North America -4.2% 4.2% -4.2% -4.2% Latin America 17.8% 0.0% -9.2% 8.6% Africa Middle East 48.9% 2.2% -2.2% 48.9% Asi
Slide 8: Cash flow from operating activities; Cash flow statement
Cash flow from operating activities Million CHF 108 98 60 Volume / price / cost 14 18.9% 20 18.5% -24 -24.5% Change in structure 26 35.1% -5 -4.6% -1 -1.0% Forex movements -6 -8.1% -25 -23.2% -13 -13.3% Total change 34 45.9% -10 -9.3% -38 -38.8% Q1 2002 Q1 2003 Q1 2004 15 First quarter results 2004
Slide 9: Financing; Financial position
Financing Million CHF Full Year 1st Quarter +/- 2003 2003 2004 Financing surplus (requirement) 517 -253 -1'027 305.9% Capital paid-in 26 – – Movements of treasury shares net 4 5 2 (De)Increase in financing liabilities -676 142 354 Decrease in marketable securities 30 21 28 Decrease in cash and cash
Slide 10: Contact information and event calendar
Strength. Performance. Passion. 19 First quarter results 2004 Contact information and event calendar Contact information Investor Relations Phone +41 58 858 87 87 Fax +41 58 858 87 19 investor.relations@holcim.com www.holcim.com/investors Mailing list: www.holcim.com/subscribe Address: Hagenholzstra