Slide 1: Q1 2025 Trading Update
Birmingham’s new tram line, built with Artevia® decorative concrete Q1 2025 TRADING UPDATE MILJAN GUTOVIC – CEO | STEFFEN KINDLER – CFO APRIL 25, 2025
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: Q1 2025 Highlights: Good Start to the Year
Q1 2025 HIGHLIGHTS GOOD START TO THE YEAR Net Sales of CHF 5,544 million, -0.2% in local currency Over-proportional recurring EBIT growth, +1.7% in local currency Continued value-accretive M&A with 5 acquisitions Confirming Amrize spin-off on track, listing expected in June 2025 Well-positioned to n
Slide 4: High-Value Strategy Delivering Continued Profit Growth and Margin Expansion
HIGH-VALUE STRATEGY DELIVERING CONTINUED PROFIT GROWTH AND MARGIN EXPANSION 12M ROLLING RECURRING EBIT AND MARGIN 19.1% Scaling up sustainable building solutions with growing multi-billion CHF brands Decarbonization and circular construction driving profitable growth 17.9% Successful expansion
Slide 5: Accelerating Advanced Branded Solutions Leading in Sustainability
ACCELERATING ADVANCED BRANDED SOLUTIONS LEADING IN SUSTAINABILITY 4th CDP “A list“ for Climate A “1.5+ Billion CHF” & Scaling up Circular Holcim recognized as “3+ Billion CHF” Brand Construction global climate leader in 2024 ECOPact 32% of RMX Net Sales1 Up 21.1% recycled CDM ECOPlanet 29% of Cement
Slide 6: Meeting Customer Demand for Sustainable Building Solutions
ACCELERATING ADVANCED BRANDED SOLUTIONS MEETING CUSTOMER DEMAND FOR SUSTAINABLE BUILDING SOLUTIONS 32% 29% 29% 26% 19% 19% 13% 7% 2021 2022 2023 2024 Q1 2025 2022 2023 2024 Q1 2025 Launched in A “1+ Billion A “1.5+ Billion Launched in A “2+ Billion A “3+ Billion 24 markets CHF” Brand CHF” Brand 27 m
Slide 7: Holcim as the Building Partner of Choice
HOLCIM AS THE BUILDING PARTNER OF CHOICE SCALING UP SUSTAINABLE BUILDING SOLUTIONS O U R C U S T O M E R S ' S U P P L I E R O F C H O I C E F O R S U S TA I N A B L E C O N S T R U C T I O N Setting sustainability standards Advancing data center construction Setting sustainability standards Madrid
Slide 8: Financial Highlights
02. FINANCIAL HIGHLIGHTS STEFFEN KINDLER | CHIEF FINANCIAL OFFICER Located at the Holcim Innovation Center in Lyon, the Holcim Innovation Hub showcases our cutting-edge solutions and brings stakeholders together to accelerate sustainable building
Slide 9: Q1 2025 Net Sales Bridge
Q1 2025 NET SALES BRIDGE STABLE NET SALES IN LOCAL CURRENCY CHF m -0.2% in LC 5,586 25 5,544 -34 -33 -0.6% +0.4% Q1 2024 Organic Growth Acquisitions & Divestments FX Q1 2025 9
Slide 10: Q1 2025 Recurring EBIT Bridge
Q1 2025 RECURRING EBIT BRIDGE 1.7% GROWTH IN LOCAL CURRENCY CHF m +1.7% in LC 532 8 1 515 -26 +1.5% +0.2% Q1 2024 Organic Growth Acquisitions & Divestments FX Q1 2025 10
Slide 11: Q1 2025 Segment Performance
Q1 2025 SEGMENT PERFORMANCE CONTINUED OVER-PROPORTIONAL RECURRING EBIT GROWTH North America Latin America Europe Asia Middle East & Africa Solutions & Products -2.1% +2.0% -5.4% -1.8% +8.1% +5.8% +10.5% +5.9% -1.7% -112% 1,084 687 242 1,546 120 870 199 1,230 57 -5 NET SALES RECURRING EBIT % Local Cu
Slide 12: North America
NORTH AMERICA UNFAVORABLE WEATHER IN Q1, STRONG UNDERLYING FUNDAMENTALS Q1 2025 CHF m -5.4% in LC Net Sales1 1,084 -4.4% Recurring -112.3% in LC -5 EBIT -113.5% 1 Net Sales to external customers Good start to the year despite 230+ infrastructure projects unfavorable weather secured to 2028, continue
Slide 13: Latin America
LATIN AMERICA PROFITABLE GROWTH CONTINUES Q1 2025 CHF m +8.1% in LC Net Sales1 687 -0.6% Recurring +5.8% in LC 242 EBIT -3.9% 1 Net Sales to external customers Industry-leading recurring M&A strategy supporting EBIT margin of 35.0% growth Robust project pipeline in Public and private sectors to Mexi
Slide 14: Europe
EUROPE STRONG OVER-PROPORTIONAL RECURRING EBIT GROWTH CONTINUES Q1 2025 CHF m -2.1% in LC Net Sales1 1,546 -1.7% Recurring +5.9% in LC 120 EBIT +6.4% 1 Net Sales to external customers Azerbaijan, previously reflected under Europe, is now reported under Asia, Middle East & Africa. The corresponding Q
Slide 15: Asia, Middle East & Africa
ASIA MIDDLE EAST & AFRICA OUTSTANDING MARGIN EXPANSION Q1 2025 CHF m -1.8% in LC Net Sales1 870 -2.8% Recurring +10.5% in LC 199 EBIT2 +8.9% 1 Net Sales to external customers 2 Contribution from share of net income from JVs: CHF 51m in Q1 2025 vs. CHF 41m in Q1 2024 Azerbaijan, previously reflected
Slide 16: Solutions & Products
SOLUTIONS & PRODUCTS STRONG RESULTS DRIVEN BY ROOFING Q1 2025 CHF m +2.0% in LC Net Sales1 1,230 +3.3% Recurring -1.7% in LC 57 EBIT +1.2% 1 Net Sales to external customers Net sales growth driven by 1 acquisition expanding roofing in North America specialty building solutions in Peru Margin expansi
Slide 17: Outlook and Guidance 2025
03. OUTLOOK AND GUIDANCE 2025 MILJAN GUTOVIC | CEO Ellinikon, Athens, Greece built with ECOPlanet low-carbon cement
Slide 18: Proven Resilient Business Model
PROVEN RESILIENT BUSINESS MODEL WELL-POSITIONED TO NAVIGATE ALL ECONOMIC CYCLES Local-for-local business, from sourcing to production and delivery to customers 2,600 sites globally focusing on domestic production, boosting competitiveness Decentralized business model with 500+ empowered P&L leaders
Slide 19: Full Year Guidance 2025 Confirmed
OUTLOOK AND GUIDANCE FULL YEAR GUIDANCE 2025 CONFIRMED North America: Infrastructure modernization and onshoring of manufacturing to drive growth in 2025 Mid-single digit Net Sales growth in local currency Latin America: Public and private sectors to drive infrastructure and commercial investments O
Slide 20: Update on Planned Listing of North American Business
UPDATE ON PLANNED LISTING OF NORTH AMERICAN BUSINESS ON TRACK FOR LISTING IN JUNE 2025 Holcim is progressing on the full capital market separation of Amrize, planned by way of a 100% spin-off; 1 for 1 share distribution proposed Planned listing on the New York Stock Exchange, with an additional list
Slide 21: Upcoming Events
UPCOMING EVENTS 14 MAY 2025 Annual General Meeting 31 JULY 2025 Half Year 2025 Results 24 OCTOBER 2025 Q3 2025 Trading Update 27 FEBRUARY 2026 Full Year 2025 Results 24 APRIL 2026 Q1 2026 Trading Update 21
Slide 22: 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 23: Holcim
HOLCIM