2011 Results / Key figures

Holcim Ltd: Annual Report 2011 - Key figures Group Holcim

2011 2010 +/-% +/-%like-for-like

Annual cement production capacity million t 216.0 211.5 +2.1 +1.7 Sales of cement million t 144.3 136.7 +5.6 +5.5 Sales of mineral components million t 5.1 4.1 +23.9 +23.9 Sales of aggregates million t 173.0 157.9 +9.6 +5.6 Sales of ready-mix concrete 48.4 45.9 +5.4 +2.2 Sales of asphalt million t 10.3 10.6 -2.8 -2.8 Net sales million CHF 20,744 21,653 -4.2 +7.5 Operating EBITDA million CHF 3,958 4,513 -12.3 -0.2 Operating EBITDA margin % 19.1 20.8EBITDA million CHF 4,264 4,988 -14.5 Operating profit million CHF 1,933 2,619 -26.2 -14.7 Operating profit margin % 9.3 12.1Net income million CHF 682 1,621 -57.9 -52.3 Net income margin % 3.3 7.5Net income - shareholders of Holcim Ltd million CHF 275 1,182 -76.7 -74.9 Cash flow from operating activities million CHF 2,753 3,659 -24.8 -14.0 Cash flow margin % 13.3 16.9Net financial debt million CHF 11,549 11,363 +1.6 +0.7

% 26.4 31.3Total shareholders' equity million CHF 19,656 21,121 -6.9

% 58.8 53.8Personnel 31.12. 80,967 80,310 +0.8 -0.7

CHF 0.86 3.69 -76.7 CHF 0.86 3.69 -76.7

Payout million CHF 327### 480 -31.9Payout per share CHF 1.00### 1.50 -33.3

Net sales million USD 23,306 20,820 +11.9 Operating EBITDA million USD 4,447 4,339 +2.5 Operating profit million USD 2,172 2,518 -13.7 Net income - shareholders of Holcim Ltd million USD 309 1,137 -72.8 Cash flow from operating activities million USD 3,092 3,518 -12.1 Net financial debt million USD 12,273 12,088 +1.5 Total shareholders' equity million USD 20,889 22,469 -7.0

USD 0.97 3.55 -72.7

Net sales million EUR 16,790 15,691 +7.0 Operating EBITDA million EUR 3,203 3,270 -2.0 Operating profit million EUR 1,565 1,898 -17.5 Net income - shareholders of Holcim Ltd million EUR 222 857 -74.1 Cash flow from operating activities million EUR 2,228 2,651 -16.0 Net financial debt million EUR 9,484 9,090 +4.3 Total shareholders' equity million EUR 16,142 16,897 -4.5

EUR 0.70 2.67 -73.8

million m3

Funds from operations1/ net financial debt

Gearing2

Earnings per share3

Fully diluted earnings per share3

Principal key figures in USD (illustrative) 5

Earnings per share3

Principal key figures in EUR (illustrative) 5

Earnings per share3

1 Net income plus depreciation, amortization and impairment.2 Net financial debt divided by total shareholders' equity.3 EPS calculation based on net income attributable to shareholders of Holcim Ltd weighted by the average number of shares.4 Proposed by the Board of Directors for a payout from capital contribution reserves.5 Statement of income figures translated at average rate; statement of financial position figures at closing rate.

2011 Results / Statement of income

Holcim Ltd: Annual Report 2011 - Consolidated statement of income of Group Holcim

Million CHF 2011 2010Net sales 20,744 21,653Production cost of goods sold -12,216 -12,379Gross profit 8,528 9,274Distribution and selling expenses -5,226 -5,278Administration expenses -1,369 -1,377Operating profit 1,933 2,619Other income 69 7Share of profit of associates 149 245Financial income 191 262Financial expenses -1,210 -897Net income before taxes 1,131 2,236Income taxes -449 -615Net income 682 1,621

Attributable to:Shareholders of Holcim Ltd 275 1,182Non-controlling interest 408 439

Earnings per share in CHF0.86 3.690.86 3.69

Million CHFOperating EBITDA 3,958 4,513EBITDA 4,264 4,988

Earnings per share1

Fully diluted earnings per share1

1 EPS calculation based on net income attributable to shareholders of Holcim Ltd weighted by the average number of shares.

2011 Results / Balance sheet

Holcim Ltd: Annual Report 2011 - Consolidated statement of financial position of Group Holcim

Million CHF 12/31/2011 12/31/2010Cash and cash equivalents 2,946 3,386Marketable securities 4 30Accounts receivable 2,719 2,590Inventories 2,086 2,072Prepaid expenses and other current assets 382 416Assets classified as held for sale 16 18Total current assets 8,154 8,512

Long-term financial assets 561 921Investments in associates 1,425 1,432Property, plant and equipment 22,933 23,343Intangible assets 8,453 9,061Deferred tax assets 490 385Other long-term assets 539 605Total long-term assets 34,400 35,747

Total assets 42,554 44,259

Trade accounts payable 2,547 2,303Current financial liabilities 2,820 2,468Current income tax liabilities 418 555Other current liabilites 1,667 1,632Short-term provisions 242 256Total current liabilities 7,695 7,214

Long-term financial liabilities 11,675 12,281Defined benefit obligations 285 317Deferred tax liabilities 2,061 2,203Long-term provisions 1,181 1,123Total long-term liabilities 15,202 15,924

Total liabilities 22,897 23,138

Share capital 654 654Capital surplus 8,894 9,371Treasury shares -486 -476Reserves 7,768 8,552Total equity attributable to shareholders of Holcim Ltd 16,830 18,101Non-controlling interest 2,827 3,020Total shareholders' equity 19,656 21,121

Total liabilities and shareholders' equity 42,554 44,259

2011 Results / Cash flow statement

Holcim Ltd: Annual Report 2011 - Consolidated statement of cash flows of Group Holcim

Million CHF 2011 2010Net income before taxes 1,131 2,236Other income -69 -7Share of profit of associates -149 -245Financial expenses net 1,020 635Operating profit 1,933 2,619Depreciation, amortization and impairment of operating assets 2,025 1,894Other non-cash items 242 238Change in net working capital -259 -43Cash generated from operations 3,941 4,708Dividends received 137 183Interest received 132 122Interest paid -701 -829Income taxes paid -705 -471Other expenses -52 -54Cash flow from operating activities (A) 2,753 3,659

Purchase of property, plant and equipment -1,776 -1,821Disposal of property, plant and equipment 138 229Acquisition of participation in Group companies -137 -60Disposal of participation in Group companies 5 0Purchase of financial assets, intangible and other assets -242 -446Disposal of financial assets, intangible and other assets 221 736Cash flow used in investing activities (B) -1,791 -1,362

Payout on ordinary shares -480 -480Dividends paid to non-controlling interest -234 -239Capital paid-in by non-controlling interest 32 29Movements of treasury shares -21 -29Proceeds from current financial liabilities 6,232 6,097Repayment of current financial liabilities -6,301 -7,713Proceeds from long-term financial liabilities 4,067 2,544Repayment of long-term financial liabilities -4,298 -3,325Increase in participation in existing Group companies -390 -154Decrease in participation in existing Group companies 27 30Cash flow used in financing activities (C) -1,366 -3,240

Decrease in cash and cash equivalents (A+B+C) -405 -943

Cash and cash equivalents as at January 1 (net) 3,069 4,261Decrease in cash and cash equivalents -405 -943Currency translation effects -168 -249Cash and cash equivalents as at December 31 (net) 2,497 3,069

2011 Results / Segment information

Holcim Ltd: Annual Report 2011 - Information by reportable segmentInformation by product line Aggregates Corporate / Eliminations Total Group

Million CHF 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010

Net sales to external customers 12,050 12,572 1,632 1,571 7,062 7,510 20,744 21,653Net sales to other segments 1,329 1,376 891 924 617 597 -2,837 -2,897Total net sales 13,379 13,948 2,523 2,495 7,680 8,107 -2,837 -2,897 20,744 21,653Operating EBITDA 3,245 3,755 522 530 191 228 3,958 4,513Operating EBITDA margin in % 24.3 26.9 20.7 21.2 2.5 2.8 19.1 20.8Operating profit (loss) 1,969 2,551 122 198 -158 -130 1,933 2,619Net operating assets 19,060 19,907 5,672 5,822 4,058 4,088 28,790 29,817

1,309 1,495 258 168 223 188 2 3 1,792 1,854-1,440 -1,529 -234 -76 -198 -154 82 397 -1,791 -1,362

PersonnelNumber of personnel 51,492 51,133 6,898 6,478 22,469 22,577 108 122 80,967 80,310

Cement1 Other construction materials and services

Statement of income, statement of financial position andstatement of cash flows

Acquisition cost segment assets2

Cash flow used in investing activities3

1 Cement, clinker and other cementitious materials.2 Property, plant and equipment and intangible assets.3 Net investments in property, plant and equipment, Group companies, financial assets, intangible and other assets.