Slide 1: Q3 2024 Trading Update
Metro Tunnel, Melbourne, Australia built with ECOPact low-carbon concrete Q3 2024 TRADING UPDATE CONTINUED RECORD RESULTS MILJAN GUTOVIC – CEO | STEFFEN KINDLER – CFO OCTOBER 25, 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: Q3 2024 Highlights: Continued Record Results
Q3 2024 HIGHLIGHTS CONTINUED RECORD RESULTS Record Q3 recurring EBIT of CHF 1’674 m with margin of 23.5%, +170bps Nine-month Net Sales of CHF 19’933m, +1.2% in local currency M&A execution continues with 6 acquisitions in Q3 Accelerated expansion of ECOCycle® with +23% increase in recycled Construct
Slide 4: Record Q3 Recurring EBIT of CHF 1'674 m
Q3 2024 RECURRING EBIT BRIDGE RECORD Q3 RECURRING EBIT OF CHF 1’674 M CHF m +9.1% in LC 1’674 1’600 5 141 -71 +0.3% +8.8% Q3 2023 Acquisitions & Divestments Organic Growth FX Q3 2024 +4.6% 4
Slide 5: Industry-Leading EBIT Margin
INDUSTRY-LEADING EBIT MARGIN RECORD NINE-MONTH RECURRING EBIT MARGIN OF 19.5% REC. EBIT MARGIN (%) +160 bps ✓ Scaling up sustainable building solutions with growing multi-billion CHF brands 19.5 ✓ Decarbonization and circularity driving profitable growth 17.9 ✓ Successful expansion of Solutions & Pr
Slide 6: Continued Execution of Value-Accretive M&A
DRIVING PROFITABLE GROWTH CONTINUED EXECUTION OF VALUE-ACCRETIVE M&A New 13 acquisitions BOLT-ONS 4 acquisitions North America SOLUTIONS King William S&G USA | AGG, RMX & PRODUCTS Europe. North America Mendiger Basalt Cand-Landi OX Engineered Products 1 Germany | CDM 2, Switzerland | CDM, USA | Adva
Slide 7: Expansion of Solutions & Products
DRIVING PROFITABLE GROWTH EXPANSION OF SOLUTIONS & PRODUCTS US LEADER IN ADVANCED INSULATION SYSTEMS ✔ Broad range of proprietary technologies and trusted brands for residential and commercial ✔ Complementing Holcim’s offering of building envelope solutions ✔ 2024E Net Sales of USD 136 million ✔ Hig
Slide 8: Meeting Customer Demand for Sustainable Building Solutions
DRIVING PROFITABLE GROWTH MEETING CUSTOMER DEMAND FOR SUSTAINABLE BUILDING SOLUTIONS Ta r g e t of 2025 25% Ready Mix Net Sales ✓ 29% 25% 19% 19% 13% 7% >1 M m3 Ready Mix delivered 2021 2022 2023 9M 2024 2022 2023 9M 2024 Launched in A “1+ Billion Launched in A “2+ Billion 24 markets CHF” Brand 27 m
Slide 9: Scaling Up Sustainable Building Solutions
DRIVING PROFITABLE GROWTH SCALING UP SUSTAINABLE BUILDING SOLUTIONS M E E T I N G C U S T O M E R D E M A N D A S T H E B U I L D I N G PA R T N E R O F C H O I C E Enabling sustainable transportation Modernizing Infrastructure Advancing the energy transition Toulouse Metro Station Gordie Howe Inter
Slide 10: Leading in Circular Construction
DRIVING PROFITABLE GROWTH LEADING IN CIRCULAR CONSTRUCTION LARGEST FOOTPRINT IN EUROPE’S M AJOR URBAN M INING ARE AS 4 highly accretive acquisitions in 2024 100 RECYCLING CENTERS IN EUROPE Land Recovery Mendiger Basalt +23% in recycled UK Germany Construction Demolition Materials in 9M 20241 Mark De
Slide 11: Leading in Sustainability
LEADING IN SUSTAINABILITY FROM SUSTAINABLE BUILDING SOLUTIONS TO CIRCULAR CONSTRUCTION A “1+ Billion CHF” A “2+ Billion CHF” Scaling up Circular Brand Brand Construction 29% of Ready-Mix Net Sales 25% of Cement Net Sales On track to reach 10 Mt, +20% in in 9M 2024 (from 19% in 9M 2023) in 9M 2024 (f
Slide 12: Financial Highlights
02. FINANCIAL HIGHLIGHTS STEFFEN KINDLER | CHIEF FINANCIAL OFFICER Marina de Marseille, France built with ECOPlanet with calcined clay inside
Slide 13: Nine-Month 2024 Net Sales Bridge
NINE-MONTH 2024 NET SALES BRIDGE 1.2% GROWTH IN LOCAL CURRENCY +1.2% CHF m in LC 20’407 262 -20 -715 19’933 +1.3% -0.1% 9M 2023 Acquisitions & Divestments Organic Growth FX 9M 2024 13
Slide 14: Nine-Month Recurring EBIT Bridge
NINE-MONTH RECURRING EBIT BRIDGE UP 11.1% IN LOCAL CURRENCY AND 6.6% IN CHF CHF m +11.1% in LC -165 3’884 391 3’643 14 +0.4% +10.8% 9M 2023 Acquisitions & Divestments Organic Growth FX 9M 2024 +6.6% 14
Slide 15: Nine-Month Segment Performance
NINE-MONTH SEGMENT PERFORMANCE OVER PROPORTIONAL EBIT GROWTH ACROSS ALL SEGMENTS North America Latin America Europe Asia Middle East & Africa Solutions & Products -0.4% -2.8% +9.1% +2.0% +2.6% +9.1% +6.4% +12.6% +12.3% +17.2% 4’797 1’193 2’149 776 5’467 1’042 2’678 661 4’519 550 NET SALES RECURRING
Slide 16: North America: Reaching a New Level of Profitability
NORTH AMERICA REACHING A NEW LEVEL OF PROFITABILITY 9M 2024 CHF m -2.8% in LC Net Sales1 4’797 -5.4% Recurring +9.1% in LC 1’193 EBIT +6.3% 1 Net Sales to external customers Strong market fundamentals 150+ infrastructure projects secured Expansion of recurring EBIT Continued margin expansion margin
Slide 17: Latin America: Strong Results
LATIN AMERICA STRONG RESULTS 9M 2024 CHF m +2.6% in LC Net Sales1 2’149 +1.6% Recurring +6.4% in LC 776 EBIT +5.1% 1 Net Sales to external customers 17th consecutive quarter of 4 highly synergistic acquisitions profitable growth Outstanding recurring Nearshoring driving EBIT margin of 35.9%, infrast
Slide 18: Europe: Sustainability Driving Profitable Growth
EUROPE SUSTAINABILITY DRIVING PROFITABLE GROWTH 9M 2024 CHF m -0.4% in LC Net Sales1 5’467 -1.5% Recurring +12.6% in LC 1’042 EBIT +11.6% 1 Net Sales to external customers Double-digit growth in 8 bolt-ons, including 4 recurring EBIT acquisitions in Construction Demolition Materials Expansion of rec
Slide 19: Asia Middle East & Africa: Strong Margin Expansion
ASIA MIDDLE EAST & AFRICA STRONG MARGIN EXPANSION 9M 2024 CHF m +2.0% in LC Net Sales1 2’678 -11.1% Recurring +12.3% in LC 661 EBIT2 -2.5% 1 Net Sales to external customers 2 Contribution from share of net income from JVs: CHF 162 m in 9M 2024 vs. CHF 202 m in 9M 2023 Good dynamics in Australia Cont
Slide 20: Solutions & Products: Profitable Growth Continues
SOLUTIONS & PRODUCTS PROFITABLE GROWTH CONTINUES 9M 2024 CHF m +9.1% in LC Net Sales1 4’519 +6.8% Recurring +17.2% in LC 550 EBIT +14.3% 1 Net Sales to external customers Strong Net Sales increase Acquisition of OX Engineered driven by roofing systems Products, advanced insulation systems Double dig
Slide 21: Capital Allocation: CHF 1 BN Share Buyback Program On Track
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 ✓ 9.4 million shares repurchased as of 30 September 2024, worth CHF 748 million, representing 1.7% of total shares outstanding ✓ 10.4 million shares r
Slide 22: Outlook and Guidance 2024
03. OUTLOOK AND GUIDANCE 2024 MILJAN GUTOVIC | CEO Ellinikon, Athens, Greece built with ECOPlanet low-carbon cement
Slide 23: On Track to Achieve Full-Year 2024 Guidance
OUTLOOK AND GUIDANCE ON TRACK TO ACHIEVE FULL-YEAR 2024 GUIDANCE 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 Construction Demolition Materi
Slide 24: Upcoming Earnings Releases
UPCOMING EARNINGS RELEASES FEBRUARY 28, 2025 Full Year 2024 Results APRIL 25, 2025 Q1 2025 Trading Update JULY 31, 2025 Half Year 2025 Results OCTOBER 24, 2025 Q3 2025 Trading Update 24
Slide 25: 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 26: Holcim
HOLCIM