Holcim Ltd · SIX:HOLN

Holcim — H1 2007 Earnings Presentation

24 slides from Holcim's earnings presentation, Oct 10, 2007

  1. Slide 1: Half-Year Results 2007

    Half-Year Results 2007 ©2007 Holcim/Switzerland

  2. Slide 2: Key financial figures

    Key financial figures Full Year Half Year +/- Million CHF 2006 2006 2007 LFL CIS FX in CHF Net sales 23,969 10,879 13,002 9.3% 8.8% 1.4% 19.5% Operating EBITDA 6,086 2,717 3,324 12.5% 9.0% 0.8% 22.3% Operating profit 4,385 1,941 2,423 15.8% 8.4% 0.6% 24.8% Net income 2,719 1,088 2,858 1 149.7% 16.1%

  3. Slide 3: Major changes in the scope of consolidation

    Major changes in the scope of consolidation Effective as at + ACC, India January 24, 2006 + Ambuja Cements, India May 3, 2006 + Meyer Material, US July 21, 2006 + Foster Yeoman, UK September 7, 2006 - Holcim South Africa June 5, 2007 +/– Various smaller companies 2 ©2007 Holcim/Switzerland Half-Year

  4. Slide 4: Exchange rates

    Exchange rates Statement of income H1 05 H1 06 H1 07 +/- average exchange rates in CHF 1 EUR 1.55 1.56 1.63 4.5% 1 GBP 2.26 2.27 2.42 6.6% 1 USD 1.21 1.27 1.23 -3.1% 1 LATAM Basket (MXN, BRL, ARS, CLP) 1 0.92 1.00 0.97 -3.0% 1 African Basket (EGP, ZAR, MAD) 1 0.96 1.00 0.91 -9.0% 1 Asian Basket (AUD

  5. Slide 5: Cement – Sales volumes by region

    Cement – Sales volumes by region Million t Total Group H1 2005 52.5 15.4 16.8 H1 2006 65.5 14.9 H1 2007 74.2 8.0 8.7 7.5 32.5 24.3 7.2 7.3 7.9 14.6 Δ H1 06/H1 07 LFL Change in Total 11.4 12.9 12.9 structure Europe 5.2% 3.9% 9.1% North America -13.8% 0.0% -13.8% Latin America 0.0% 0.0% 0.0% Africa Mi

  6. Slide 6: Aggregates – Sales volumes by region

    Aggregates – Sales volumes by region Million t 51.0 Total Group 44.3 H1 2005 68.3 35.6 H1 2006 84.6 27.2 20.7 23.7 H1 2007 87.3 4.6 5.4 4.6 1.6 1.4 1.9 Δ H1 06/H1 07 LFL Change in Total 5.8 6.3 6.1 structure Europe 1.4% 13.7% 15.1% North America -19.1% 6.2% -12.9% Latin America -3.2% 0.0% -3.2% Afri

  7. Slide 7: Ready-mix concrete and asphalt – Sales volumes

    Ready-mix concrete and asphalt – Sales volumes Ready-mix concrete in million m3 Asphalt in million t 20.7 21.2 17.2 +2.4% +20.4% +24.6% 6.1 6.1 4.0 +52.5% 0.0% H1 2005 H1 2006 H1 2007 6 ©2007 Holcim/Switzerland Half-Year Results 2007

  8. Slide 8: Net sales

    Net sales Million CHF 13,002 10,879 7,870 Like-for-Like (LFL) 455 7.2% 865 11.0% 1,009 9.3% Change in structure 1,258 19.9% 1,747 22.2% 962 8.8% Forex movements -160 -2.5% 397 5.0% 152 1.4% Total change 1,553 24.6% 3,009 38.2% 2,123 19.5% H1 2005 H1 2006 H1 2007 7 ©2007 Holcim/Switzerland Half-Year

  9. Slide 9: Net sales by region

    Net sales by region Million CHF H1 2005 5065 H1 2006 3980 H1 2007 2376 3066 2253 1700 3083 2080 859 1005 1079 1093 Δ H1 06/H1 07 LFL Change in Currency Total structure 1816 1923 Europe 11.1% 9.7% 6.5% 27.3% 1464 North America -6.3% 4.1% -3.0% -5.2% Latin America 8.2% 0.2% -2.5% 5.9% Africa Middle Ea

  10. Slide 10: Net sales by region

    Net sales by region Net sales H1 2007 Europe North America 37.8% 16.8% Asia Pacific 23.0% Latin America Africa Middle East 14.4% 8.0% 9 ©2007 Holcim/Switzerland Half-Year Results 2007

  11. Slide 11: Operating EBITDA

    Operating EBITDA Margin Million CHF 25.9% 25.0% 25.6% 3,324 2,717 2,037 Like-for-Like (LFL) 124 7.2% 273 13.4% 340 12.5% Change in structure 241 14.0% 308 15.1% 244 9.0% Forex movements -48 -2.8% 99 4.9% 23 0.8% Total change 317 18.4% 680 33.4% 607 22.3% H1 2005 H1 2006 H1 2007 10 ©2007 Holcim/Switz

  12. Slide 12: Operating EBITDA by region

    Operating EBITDA by region Million CHF H1 2005 H1 2006 1135 H1 2007 890 738 376 343 306 940 582 389 291 322 266 Δ H1 06/H1 07 LFL Change in Currency Total 646 608 structure 546 Europe 13.9% 7.3% 6.3% 27.5% North America -6.9% 1.1% -3.0% -8.8% Latin America -2.9% 0.0% -3.0% -5.9% Africa Middle East 3

  13. Slide 13: Operating profit

    Operating profit Margin Million CHF 18.4% 17.8% 18.6% 2,423 1,941 1,448 Like-for-Like (LFL) 132 11.1% 260 17.9% 307 15.8% Change in structure 158 13.2% 163 11.3% 164 8.4% Forex movements -35 -2.9% 70 4.8% 11 0.6% Total change 255 21.4% 493 34.0% 482 24.8% H1 2005 H1 2006 H1 2007 12 ©2007 Holcim/Swit

  14. Slide 14: Operating profit by region

    Operating profit by region Million CHF H1 2005 815 H1 2006 625 522 H1 2007 194 217 168 699 404 350 250 278 171 520 487 426 Δ H1 06/H1 07 LFL Change in Currency Total structure Europe 17.1% 7.0% 6.3% 30.4% North America -17.5% -2.3% -2.8% -22.6% Latin America -3.1% 0.0% -3.2% -6.3% Africa Middle East

  15. Slide 15: Net income

    Net income Million CHF Net income Net income - equity holders of Holcim Ltd 2,858 2,423 +162.7% +195.1% 1,088 757 +43.7% 821 633 +60.4% +29.7% +80.3% 1 2 H1 2005 H1 2006 H1 2007 1 Adjusted in line with revised IFRS 2 Including a capital gain on the sale of Holcim South Africa of CHF 1,110 million an

  16. Slide 16: Cash flow from operating activities

    Cash flow from operating activities Margin Million CHF 8.7% 13.3% 7.5% 1,733 816 686 Like-for-Like (LFL) -83 -12.1% 205 29.9% 801 98.2% Change in structure 96 14.0% -87 -12.7% 99 12.1% Forex movements -15 -2.2% 12 1.8% 17 2.1% Total change -2 -0.3% 130 19.0% 917 112.4% 1 H1 2005 H1 2006 H1 2007 1 In

  17. Slide 17: Cash flow statement

    Cash flow statement Full Year Half Year Million CHF +/- 2006 2006 2007 Cash flow from operating activities 4,423 816 1,733 1 112.4% Net investments to maintain productive capacity and to secure competitiveness -1,062 -441 -433 1.8% Free cash flow 3,361 375 1,300 246.7% Expansion investments -1,265 -

  18. Slide 18: Financing

    Financing Full Year Half Year Million CHF +/- 2006 2006 2007 Financing requirement -661 -1,200 -302 74.8% Share capital paid-in 1,705 1,704 – Capital (repaid to) paid-in by minority -548 17 -2 interests Movements of treasury shares net -42 -42 -7 In(De)crease in financial liabilities -544 -618 377 I

  19. Slide 19: Financial position

    Financial position Million CHF Net financial debt Total shareholders' equity Gearing 69.7% 68.6% 60.3% 22,012 18,725 17,563 12,837 13,279 12,240 30.06.2006 31.12.2006 30.06.2007 18 ©2007 Holcim/Switzerland Half-Year Results 2007

  20. Slide 20: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 06/H1 07 * +/- H1 06/H1 07 Europe Belgium 7.4% -1.4% France 5.5% 8.8% Germany 1 Switzerland 0.8% -2.3% Italy -0.9% 4.7% Hungary 8.3% 4.5% Czech Republic 1.7% 27.3% Slovakia 7.8% 20.5% Croatia -3.2% 5.2%

  21. Slide 21: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 06/H1 07 * +/- H1 06/H1 07 North America Canada 6.4% -7.0% USA 6.3% -14.6% Latin America Mexico 2.8% -4.2% El Salvador 3.3% 1 -0.3% Costa Rica 7.8% 1 12.8% Nicaragua 7.5% 1 -5.8% Panama 7.1% 1 14.1% Vene

  22. Slide 22: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 06/H1 07 * +/- H1 06/H1 07 Africa Middle East Morocco 1 Egypt 5.5% 16.9% Lebanon 0.0% 2 4.7% Indian Ocean 5.9% 6.8% * If not otherwise indicated calculation based on local currencies 1 Locally not publis

  23. Slide 23: Cement – Price/volume variances per region

    Cement – Price/volume variances per region Domestic cement prices Domestic cement volumes +/- H1 06/H1 07 * +/- H1 06/H1 07 Asia Pacific India 1 16.8% 8.1% Sri Lanka 10.7% 7.0% Bangladesh 9.7% 9.7% Thailand 2.8% -6.0% Vietnam 3.6% 25.0% Malaysia 7.8% -13.2% Indonesia 2 Philippines 4.0% 13.5% Austral

  24. Slide 24: Contact information and event calendar

    Contact information and event calendar Contact information Event calendar Corporate Communications November 7, 2007 Third quarter results 2007 Phone +41 58 858 87 10 Conferences for press and analysts Fax +41 58 858 87 19 February 27, 2008 Annual results 2007 [email protected] Conferences fo

Holcim — H1 2007 Earnings Presentation on 6ix