Holcim Ltd · SIX:HOLN
Holcim — Q1 2026 Earnings Presentation
27 slides from Holcim's earnings presentation, Apr 24, 2026
Slide 1: Q1 2026 Trading Update
Q1 2026 TRADING UPDATE 24 April 2026 MILJAN GUTOVIC | CEO STEFFEN KINDLER | CFO
Slide 2: Business Review
BUSINESS REVIEW 2 24 April 2026 Q1 2026 TRADING UPDATE
Slide 3: Strong Start to the Year
STRONG START TO THE YEAR CHF 3.5 bn +3.9% OG Robust organic growth in net sales powered by leading positions in highly attractive markets, gaining significant momentum in March NET SALES CHF 0.4 bn +8.3% OG Strong organic growth in recurring EBIT, driven by our premium and sustainable product offeri
Slide 4: Regional Highlights – Europe
REGIONAL HIGHLIGHTS – EUROPE Key financials Strong sales momentum in March Positive price over cost partially offset weather impact Highlights Use of alternative fuels1 increased Two value-accretive acquisitions in to 70%, future-proofing Holcim Belgium and Romania from energy price exposure Outlook
Slide 5: Regional Highlights – Latin America
REGIONAL HIGHLIGHTS – LATIN AMERICA Key financials Net sales up 7.6% organically Recurring EBIT margin of 30.6% driven by Mexico, Central America and Ecuador Highlights Completed acquisition of a majority Signed acquisition in Colombia with stake in Cementos Pacasmayo one integrated cement plant and
Slide 6: Regional Highlights – Asia, Middle East & Africa
REGIONAL HIGHLIGHTS – ASIA, MIDDLE EAST & AFRICA Key financials Strong organic recurring EBIT Continued margin expansion growth of 26.3% reaching 22.0%, up 100 bps Highlights Good demand trends continued Value-accretive acquisition in New in North Africa and Australia Zealand and further portfolio o
Slide 7: Organic Growth in Net Sales of 3.9%
ORGANIC GROWTH IN NET SALES OF 3.9% Q1 CHF m and % change Net sales bridge 3 696 +3.9% -2.8% -5.6% 3 520 +136 -104 -207 Q1 2025 Organic growth M&A FX Q1 2026 7 24 April 2026 Q1 2026 TRADING UPDATE
Slide 8: Organic Growth in Recurring EBIT of 8.3%
ORGANIC GROWTH IN RECURRING EBIT OF 8.3% Q1 Recurring EBIT CHF m and % change bridge 485 +8.3% -13.0% -5.5% 431 +35 -63 -26 Q1 2025 Organic growth M&A FX Q1 2026 8 24 April 2026 Q1 2026 TRADING UPDATE
Slide 9: Future-Proofing Holcim from Energy Price Exposure
FUTURE-PROOFING HOLCIM FROM ENERGY PRICE EXPOSURE Alternative fuels1 Energy costs2 • Driving fuel and electricity cost reduction through operational excellence in manufacturing 39% 11% • Scaling up renewables with Power Purchase Agreements and waste heat recovery to optimize cost 28% 8% • Increasing
Slide 10: Further Expansion of Industry-Leading Margin
FURTHER EXPANSION OF INDUSTRY-LEADING MARGIN Q1 Recurring EBIT and margin 17.0% 17.7% 18.1% 2 869 2 822 2 784 Q1 2024 Q1 2025 Q1 2026 12M rolling % 12M rolling recurring EBIT (CHF m) recurring EBIT margin 10 24 April 2026 Q1 2026 TRADING UPDATE
Slide 11: Diverse Portfolio Driving Profitable Growth
DIVERSE PORTFOLIO DRIVING PROFITABLE GROWTH Asia, Middle East & Europe Latin America Africa 6.2% -60 bps 30.6% -230 bps 22.0% +100 bps -2.3% -7.1% +7.6% +0.1% +8.9% +26.3% 1 902 767 701 236 119 164 RECURRING EBIT MARGIN NET SALES RECURRING EBIT % ORGANIC GROWTH / DECLINE & VARIANCE To external custo
Slide 12: Strategy Update
STRATEGY UPDATE New picture 12 24 April 2026 Q1 2026 TRADING UPDATE
Slide 13: NextGen Growth 2030 Driving Superior Performance
NEXTGEN GROWTH 2030 DRIVING SUPERIOR PERFORMANCE • Enhancing our leading positions with our sustainable offering powered by premium brands INDUSTRY-LEADING • Decarbonization and circular construction RECURRING EBIT driving profitable growth MARGIN INDUSTRY • Expansion of high-value Building Solution
Slide 14: Scaling Sustainable Offering to Meet Customer Demand
SCALING SUSTAINABLE OFFERING TO MEET CUSTOMER DEMAND Cardinales Cofico in Córdoba, Argentina Simone Veil Bridge in Bordeaux, France Built with ECOPact inside Built with ECOPlanet inside 31% 39% Q1 2026 Q1 2026 % of ready-mix net sales % of cement net sales 29% 35% Q1 2025 Q1 2025 14 24 April 2026 Q1
Slide 15: Scaling Sustainable Offering to Meet Customer Demand
SCALING SUSTAINABLE OFFERING TO MEET CUSTOMER DEMAND Eco-district in Pontcharra, France ECOCycle is being used to rebuild 90 social housing units 1.8 +24% Q1 2026 (million tons) Volume of recycled construction demolition materials (CDM) 1.5 Q1 2025 15 24 April 2026 Q1 2026 TRADING UPDATE Note: 2025
Slide 16: Welcoming Cementos Pacasmayo to the Holcim Family
WELCOMING CEMENTOS PACASMAYO TO THE HOLCIM FAMILY Holcim completed its acquisition of a majority stake in Cementos Pacasmayo in March 2026. EXPANDING IN LATIN The acquisition is a milestone in Holcim’s Latin America expansion, bringing a complementary portfolio AMERICA of building materials and solu
Slide 17: Value-Accretive Transactions Closed
5 VALUE-ACCRETIVE TRANSACTIONS CLOSED Strengthening leadership in Expanding in high-value Building Materials Building Solutions Acquisitions Acquisitions • Cementos Pacasmayo • Jacobs NV Peru (cement mainly) New pic Belgium (ready-mix concrete) • Uranus Pluton SRL • Ready-Mix business of Stevenson G
Slide 18: AI Unlocking Growth and Value Creation
AI UNLOCKING GROWTH AND VALUE CREATION LOGISTICS PRODUCTION Optimizing supply chain Driving manufacturing and distribution network and procurement excellence By 2028 CHF 200 m Rec. EBIT powered by AI initiatives1 COMMERCIAL ADMINISTRATION Enhancing customer experience Simplifying processes and acros
Slide 19: AI Deployment Progressing at Scale – Key Initiatives
AI DEPLOYMENT PROGRESSING AT SCALE – KEY INITIATIVES PRODUCTION EXAMPLES 10 initiatives HOLCIM AI-powered prediction models for equipment performance, optimizing maintenance efficiency and driving operational excellence LOGISTICS 10 initiatives AI-powered forecasting models for sales and inventory,
Slide 20: Outlook
OUTLOOK 20 24 April 2026 Q1 2026 TRADING UPDATE
Slide 21: Guidance 2026
GUIDANCE 2026 ● 2026 growth in line with NextGen Growth 2030 targets: ○ 3% to 5% organic net sales growth ○ 8% to 10% organic recurring EBIT growth ● Further increase of recurring EBIT margin ● Free cash flow of around CHF 2 billion ● >20% growth in recycled construction demolition materials 21 24 A
Slide 22: Holcim: A Highly Compelling Investment
HOLCIM: A HIGHLY COMPELLING INVESTMENT 1 Leader in the most attractive markets with a sustainable offering powered by premium brands 2 Best positioned to profit from powerful megatrends shaping the future of construction 3 Unlocking significant growth opportunities in Europe, LATAM & AMEA and Buildi
Slide 23: Upcoming Events and Contacts
UPCOMING EVENTS AND CONTACTS Annual General Half-year Q3 2026 trading Full-year Meeting 2026 results update 2026 results May 13 July 31 October 23 February 25 Holcim Investor Relations Email: investor.relations@holcim.com Phone: +41 58 858 87 87 Bernd Pomrehn Bénédicte Mayer Tia Oreskovic Head Inves
Slide 24: Appendices
APPENDICES 24 24 April 2026 Q1 2026 TRADING UPDATE
Slide 25: Holcim's ESG Leadership Recognized by Ratings Agencies
HOLCIM’S ESG LEADERSHIP RECOGNIZED BY RATINGS AGENCIES SUSTAINALYTICS RECOGNIZES HOLCIM AS #1 IN THE SECTOR A List, Climate & Water A Score, Leader AAA Only 4% of companies Best-in class in Leader among rated reached the double governance, scope 3 and construction A List in 2025 value chain engageme
Slide 26: Glossary
GLOSSARY Definitions Abbreviations • Organic growth: Organic growth information factors out • Bps: Basis points changes in the scope of consolidation (such as divestments and acquisitions occurring in the current year and the prior • CDM: Construction demolition materials year) and currency translat
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