third quarter results 2011 and outlook presentation of november 9 2011 holcim ltd switzerland the

Third quarter results 2011 and outlook

New Shurovo plant (Russia)

©2011 Holcim Ltd/Switzerland

Presentation of November 9, 2011

Markus Akermann, CEO

Thomas Aebischer, CFO

The spoken word prevails.

Holcim at a glance

 Better results in third quarter and organic growth

 Higher sales volumes in cement, aggregates and ready-mix

concrete over nine months and in the third quarter

 Latin America and Asia Pacific on growth path

 Europe and North America lack key stimuli

 Strong Swiss franc impacts operating EBITDA by

CHF 458 million

 Declining operating EBITDA due to cost increases which

could not yet be passed on completely to sales prices

 Like-for-like operating EBITDA is expected to be close to

last year's level

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©2011Holcim Ltd/Switzerland ResultsQ3 2011

1) Holcim achieved better results in this year’s third quarter compared wi

th the January-September 2011

reporting period, with four of the five Group regions achieving organic gr

owth. Both third quarter and nine

months sales volumes for cement, aggregates and ready-mix concrete

increased. Only asphalt declined

slightly. Many emerging markets enjoyed brisk construction activity. How

ever, in the eurozone and in North

America, growth mainly remained restrained. The strong Swiss franc im

pacted operating EBITDA by 458

Million Swiss francs. Also, still outstanding sales of CO2 emissions certif

icates in Europe compared with the

previous year had a negative influence. Costs which could be influenced

were nevertheless kept well under

control. As per end of September, there was a decline in operating EBIT

DA due to above-average inflation

for energy, transport and raw materials. These cost increases could, for t

he time being, only partially be

passed on to sales prices, due to strong competitive pressures in many

markets. On a like-for-like basis,

operating EBITDA was higher than last year in Latin America and Asia P

acific. Europe fared less well, mainly

because of still outstanding sales of CO2 certificates. In the US, the ong

oing insufficient demand for

construction materials and the stabilization of prices at a low level both i

mpacted results.

Higher sales of cement and aggregates in Europe

 Higher sales of cement and aggregates; volumes of ready￾mix concrete nearly matched the previous year's level

 Higher sales volumes especially in France, Germany,

Switzerland and Russia, as well as some parts of Eastern

Europe

 Slow construction activity in Italy, Spain and the UK;

deconsolidations and closures of ready-mix concrete plants

 Higher costs could only be partially offset by prices increases

 Operating EBITDA also impacted by outstanding sales of

CO2 emissions certificates and the weak euro

 Organic growth in third quarter

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©2011Holcim Ltd/Switzerland ResultsQ3 2011

2) In Group region Europe, demand increased. However, there was still a lack of concrete intensive pr

ojects.