Slide 1: First quarter results 2013
Strength. Performance. Passion. First quarter results 2013
Slide 2: Holcim Leadership Journey is on track
Holcim Leadership Journey is on track All figures in million CHF 2012 2013 2014 Target achieved Target Q1 Customer Excellence (operating profit impact) 50-100 31 150-200 26 500 -Customer focus -Value management -Pricing policies -Marketing and sales forces skills and motivation Cost Leadership (oper
Slide 3: Key financial figures
Key financial figures Million CHF Full Year 1st Quarter +/- (if not otherwise stated) 2012 2012 2013 LFL CIS FX Total Sales volumes - Cement (mt) 148.0 33.7 32.1 -5.0% 0.0% -5.0% - Aggregates (mt) 159.7 31.3 28.6 -8.1% -0.5% -8.6% 3 - Ready-mix (mm ) 46.9 10.0 8.4 -15.2% -1.6% -16.8% Net sales 21,54
Slide 4: Cement – Sales volumes by region
Cement – Sales volumes by region Million t Total Group Q1 2011 33.2 Q1 2012 33.7 5.2 4.5 4.4 Q1 2013 32.1 19.3 19.4 18.6 1.8 2.1 2.0 1.9 2.2 1.8 5.6 5.9 5.9 ∆ Q1 12/Q1 13 LFL Change in Total structure Asia Pacific -3.8% 0.0% -3.8% Latin America 0.0% 0.0% 0.0% Europe -2.5% 0.0% -2.5% North America -8
Slide 5: Aggregates – Sales volumes by region
Aggregates – Sales volumes by region Million t 18.3 Total Group 15.1 14.4 Q1 2011 34.3 Q1 2012 31.3 Q1 2013 28.6 5.4 5.9 5.2 6.9 6.3 5.8 0.4 0.5 0.5 3.3 3.5 ∆ Q1 12/Q1 13 LFL Change in Total 2.7 structure Asia Pacific -7.8% 0.3% -7.5% Latin America -23.9% -1.2% -25.1% Europe -3.3% -0.8% -4.1% North
Slide 6: Ready-mix concrete and asphalt – Sales volumes by region
Ready-mix concrete and asphalt – Sales volumes by region Million m3/t 3.6 Total Ready-mix 3.0 2.3 Q1 2011 10.4 1.5 Q1 2012 10.0 1.2 1.0 Q1 2013 8.4 1.4 1.3 0.9 3.1 0.2 0.2 0.1 2.7 2.5 2.6 0.3 0.3 0.2 2.5 2.1 ∆ Q1 12/Q1 13 * LFL Change in Total structure Asia Pacific -4.4% -4.3% -8.7% Latin America -
Slide 7: Exchange rates
Exchange rates Statement of income Q1 11 Q1 12 Q1 13 +/- average exchange rates in CHF 1 EUR 1.28 1.21 1.23 1.2% 1 GBP 1.50 1.44 1.44 0.1% 1 USD 0.94 0.92 0.93 1.2% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 1.08 1.00 0.96 -3.8% 1 Asian Basket (AUD, IDR, INR, THB, PHP) 1 1.06 1.00 0.96 -4.1% Statement of
Slide 8: Foreign exchange rate impact
Foreign exchange rate impact Million CHF Net sales impact Operating EBITDA impact 331 65 22 10 -1.9% -2.7% 6.1% -47 -38 6.2% 0.4% 1.0% -19 -73 -98 -90 -181 -6.2% -140 -3.3% -8.0% -203 -10.5% -244 -2.6% -14.7% -14.2% -5.2% -435 -508 -9.2% -9.0% -854 -916 -15.1% -14.9% Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2
Slide 9: Net sales
Net sales Million CHF 4,657 4,660 4,323 Like-for-Like (LFL) 322 6.8% 317 6.9% -198 -4.3% Change in structure 29 0.6% 19 0.4% -50 -1.1% Forex movements -435 -9.2% -241 -5.3% -90 -1.9% Total change -84 -1.8% 95 2.1% -338 -7.2% Q1 11 Q1 12 Q1 13 © 2013 Holcim Ltd 9
Slide 10: Net sales by region
Net sales by region Million CHF Q1 2011 Q1 2012 1364 1161 1032 Q1 2013 396 478 441 2036 2118 1984 218 239 203 804 854 827 ∆ Q1 12/Q1 13 LFL Change in Currency Total structure Asia Pacific -1.3% -1.3% -3.7% -6.4% Latin America -0.1% -0.8% -2.3% -3.2% Europe -10.3% -1.4% 0.5% -11.2% North America -8.6
Slide 11: Net sales by region
Net sales by region Net sales Q1 2013 © 2013 Holcim Ltd 11
Slide 12: Operating EBITDA
Operating EBITDA Million CHF Margin 16.2% 15.4% 15.0% 753 718 650 753 718 650 Like-for-Like (LFL) -82 -9.1% 39 5.4% -44 -6.1% Change in structure 0 0.0% -2 -0.3% -5 -0.8% Forex movements -73 -8.0% -46 -6.3% -19 -2.7% Total change -155 -17.1% -9 -1.2% -68 -9.5% Q1 11 Q1 12 Q1 13 © 2013 Holcim Ltd 12
Slide 13: Operating EBITDA by region
Operating EBITDA by region Million CHF Q1 2011 Q1 2012 Q1 2013 75 20 29 472 466 397 -27 -15 -18 73 78 62 217 224 246 ∆ Q1 12/Q1 13 LFL Change in Currency Total structure Asia Pacific -10.3% -1.2% -3.4% -14.9% Latin America 11.4% 0.1% -1.7% 9.8% Europe 42.9% 0.7% -0.7% 42.9% North America -14.1% 0.0%
Slide 14: Operating profit
Operating profit Million CHF Margin 7.4% 7.0% 6.2% 347 328 270 Like-for-Like (LFL) -79 -17.2% 40 12.1% -40 -12.2% Change in structure -2 -0.5% -10 -3.1% -3 -0.8% Forex movements -32 -7.0% -28 -8.7% -16 -4.8% Total change -114 -24.7% 1 0.4% -58 -17.8% Q1 11 Q1 12 Q1 13 © 2013 Holcim Ltd 14
Slide 15: Operating profit by region
Operating profit by region Million CHF Q1 2011 1 Q1 2012 Q1 2013 -58 343 345 -106 -94 280 -100 -90 -87 60 66 48 171 192 164 ∆ Q1 12/Q1 13 LFL Change in Currency Total structure Asia Pacific -14.4% -1.1% -3.4% -18.9% Latin America 13.7% 0.3% -1.6% 12.4% Europe 11.4% 0.6% -1.0% 11.0% North America 3.7
Slide 16: Net income
Net income Million CHF Net income Net income - shareholders of Holcim Ltd 295 187 164.1% 122 112 1773.1% 85.1% -8.3% 10 10 114.2% 1.2% Q1 11 Q1 12 Q1 13 © 2013 Holcim Ltd 16
Slide 17: Cash flow from operating activities
Cash flow from operating activities Million CHF Margin -7.5% -11.5% -10.7% -538 -499 -323 Like-for-Like (LFL) -332 -129.5% 49 8.7% 184 36.8% Change in structure -12 -4.8% -2 -0.3% -5 -1.0% Forex movements 64 24.8% 20 3.5% -3 -0.7% Total change -281 -109.5% 67 11.9% 175 35.2% Q1 11 Q1 12 Q1 13 © 2013
Slide 18: Statement of cash flows
Statement of cash flows Full Year 1st Quarter Million CHF +/- 2012 2012 2013 Cash flow from operating activities 2,682 -499 -323 35.2% Net investments to maintain productive -805 -101 -85 15.4% capacity and to secure competitiveness Free cash flow 1,877 -600 -409 31.8% Expansion investments -814 -92
Slide 19: Financial position
Financial position Million CHF Net financial debt Total shareholders' equity Gearing 61.4% 53.7% 53.1% 19,155 19,234 20,258 11,752 10,758 10,325 31.3.2012 31.12.2012 31.3.2013 © 2013 Holcim Ltd 19
Slide 20: Financial debt, maturities and liquidity as of March 31, 2013
Financial debt, maturities and liquidity as of March 31, 2013 Maturity profile1 (CHF million) Liquidity summary: • Cash + marketable securities: CHF 3,071 million • Cash + marketable securities + unused committed 5'000 credit lines: CHF 8,168 million Loans Capital markets Debt summary: 4'000 • Curre
Slide 21: Outlook for 2013
Outlook for 2013 • Asia Pacific: Unchanged positive development in Asia, stable Pacific Rim • Latin America: Higher demand for construction materials • Europe: Only slight decrease in sales volumes; positive development of construction activity in Russia and Azerbaijan • North America: Increase in s
Slide 22: Cost and capex guidance for 2013
Cost and capex guidance for 2013 • Energy costs per tonne of cement produced below CHF 17 per tonne • Fixed costs to benefit from the measures taken by the Holcim Leadership Journey program • Average interest rate slightly above the 4.8 percent level recorded in 2012 • Long term expected tax rate of
Slide 23: Asia Pacific – regional overview
Asia Pacific – regional overview Million CHF 1st Quarter +/- (if not otherwise stated) 2012 2013 LFL CIS FX Total Cement volumes (mt) 19.4 18.6 -3.8% 0.0% -3.8% - of which mature markets 1.0 1.0 -3.1% 0.0% -3.1% - of which emerging markets 18.3 17.6 -3.8% 0.0% -3.8% Aggregates volumes (mt) 6.3 5.8 -
Slide 24: Latin America – regional overview
Latin America – regional overview Million CHF 1st Quarter +/- (if not otherwise stated) 2012 2013 LFL CIS FX Total Cement volumes (mt) 5.9 5.9 0.0% 0.0% 0.0% Aggregates volumes (mt) 3.5 2.7 -23.9% -1.2% -25.1% 3 Ready-mix volumes (mm ) 2.6 2.1 -20.5% 0.0% -20.5% Net sales 854 827 -0.1% -0.8% -2.3% -
Slide 25: Europe – regional overview
Europe – regional overview Million CHF 1st Quarter +/- (if not otherwise stated) 2012 2013 LFL CIS FX Total Cement volumes (mt) 4.5 4.4 -2.5% 0.0% -2.5% - of which mature markets 2.9 2.7 -6.0% 0.0% -6.1% - of which emerging markets 1.6 1.6 4.0% 0.1% 4.1% Aggregates volumes (mt) 15.1 14.4 -3.3% -0.8%
Slide 26: North America – regional overview
North America – regional overview Million CHF 1st Quarter +/- (if not otherwise stated) 2012 2013 LFL CIS FX Total Cement volumes (mt) 2.1 2.0 -8.4% 0.0% -8.4% Aggregates volumes (mt) 5.9 5.2 -11.0% 0.0% -11.0% 3 Ready-mix volumes (mm ) 1.4 1.3 -8.3% 0.0% -8.3% Net sales 478 441 -8.6% 0.0% 0.8% -7.8
Slide 27: Africa Middle East – regional overview
Africa Middle East – regional overview Million CHF 1st Quarter +/- (if not otherwise stated) 2012 2013 LFL CIS FX Total Cement volumes (mt) 2.2 1.8 -18.0% 0.0% -18.0% Aggregates volumes (mt) 0.5 0.5 -12.5% 0.0% -12.5% 3 Ready-mix volumes (mm ) 0.3 0.2 -30.5% 0.0% -30.5% Net sales 239 203 -15.9% 0.0%
Slide 28: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ Q1 12/Q1 13 * ∆ Q1 12/Q1 13 Asia Pacific 1 3.3% -3.8% India 0.3% -3.7% Sri Lanka 20.9% -7.8% Bangladesh 1.9% -4.4% Vietnam -4.1% -8.8% Malaysia -6.2% 13.6% Indonesia 9.2% -1.3% Philippines 12.0% -
Slide 29: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ Q1 12/Q1 13 * ∆ Q1 12/Q1 13 Latin America 1 3.1% 0.0% Mexico -4.4% -7.5% El Salvador 4.1% 2 -8.3% Costa Rica 18.0% 2 31.3% Nicaragua 6.8% 2 -7.8% Colombia 9.4% -6.8% Ecuador 3.0% 2 15.6% Brazil 6.
Slide 30: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ Q1 12/Q1 13 * ∆ Q1 12/Q1 13 Europe 1 -2.3% -2.5% Belgium -4.5% -18.1% France 8.4% -23.0% Germany 0.0% -32.0% Switzerland -6.9% -1.0% Italy 0.8% -6.4% Hungary 3.8% -32.8% Czech Republic -5.1% -22.1
Slide 31: Cement – Price/volume variances per region
Cement – Price/volume variances per region Domestic clinker and Domestic cement prices cement volumes ∆ Q1 12/Q1 13 * ∆ Q1 12/Q1 13 North America 1 4.4% -8.4% Canada 0.0% -15.9% USA 6.9% -7.0% Africa Middle East 1 3.4% -18.0% Morocco 2 4.2% -32.8% Lebanon 2 1.0% 7.9% Indian Ocean 3.0% -5.8% Ivory Co
Slide 32: Aggregates – Price/volume variances per region
Aggregates – Price/volume variances per region Domestic aggregates Domestic aggregates prices volumes ∆ Q1 12/Q1 13 * ∆ Q1 12/Q1 13 Asia Pacific 1 4.1% -7.8% Indonesia 22.3% -5.0% Australia 4.0% -8.1% Latin America 1 3.5% -23.9% Mexico -3.3% -14.7% Brazil 6.9% -9.5% * If not otherwise indicated calc
Slide 33: Aggregates – Price/volume variances per region
Aggregates – Price/volume variances per region Domestic aggregates Domestic aggregates prices volumes ∆ Q1 12/Q1 13 * ∆ Q1 12/Q1 13 Europe 1 -0.2% -3.3% United Kingdom -0.8% -4.1% Belgium -0.7% -12.7% France -5.6% 19.7% Germany -8.9% -36.7% Switzerland -0.3% 5.6% Italy -23.8% 0.9% Romania -13.9% -9.
Slide 34: Contact information and event calendar
Contact information and event calendar Contact information Event calendar Corporate Communications August 15, 2013 Half-year results for 2013 Phone +41 58 858 87 10 November 5, 2013 Press and analyst conference for the Fax +41 58 858 87 19 third quarter 2013 communications@holcim.com February 27, 20
Slide 35: 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
Slide 36: Strength. Performance. Passion.
Strength. Performance. Passion. © 2013 Holcim Ltd 36
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