Ellinikon project in Athens, Greece, built with ECOPlanet low carbon cement

Q1 2024

TRADING UPDATE

JAN JENISCH - CHAIRMAN AND CEO | STEFFEN KINDLER - CFO | MILJAN GUTOVIC - CEO DESIGNATE

APRIL 25, 2024

01.

HIGHLIGHTS AND KEY DEVELOPMENTS

JAN JENISCH | CHAIRMAN AND CEO

Wood Wharf, London, UK

Built with ECOPact with construction demolition materials inside

in local currency

Q1 2024 HIGHLIGHTS

STRONG START TO THE YEAR

Net Sales of CHF 5,586 million

+3.4% growth in local currency

Over proportional recurring EBIT growth of

+17.1% in local currency and +7.8% in CHF

Profitable growth continues in 2024,

Margin expansion of +0.9pp

3

Strong contribution from Solutions & Products; Roofing sales up 67%

Continued M&A execution with 5 acquisitions and 4 divestments

Guidance 2024 confirmed

GROWTH MOMENTUM CONTINUES IN 2024

PROFITABLE GROWTH MORE THAN OFFSETTING STRONG CHF

RECURRING EBIT GROWTH

Q4 2023 vs Q4 2022

Q1 2024 vs Q1 2023

18.3%

17.1%

8.7%

7.8%

L o c a l C u r r e n c y

C H F

L o c a l C u r r e n c y

C H F

+1.0pp margin expansion

+0.9pp margin expansion

4

Roche Towers, Basel, Switzerland

Built with Holcim special cement solution

VALUE ACCRETIVE AND DISCIPLINED M&A

CONTINUED M&A EXECUTION WITH 5 ACQUISITIONS, 4 DIVESTMENTS

ACQUISITION OF

5 FAMILY-OWNED BUSINESSES

Solutions & Products

ZinCo

Tensolite

Germany | Green

Argentina | Precast

roofing systems

Aggregates & Ready-mix

Mendiger Basalt

Cand-Landi

Germany | AGG,

Switzerland | CDM

CDM

RioMix

Mexico | RMX

4 DIVESTMENTS CLOSED

• Uganda

• Tanzania

• South Africa

• Russia

+3.4% net contribution to Net Sales in Q1 2024

from M&A

5

ACCELERATING ADVANCED BRANDED SOLUTIONS

LEADING IN SUSTAINABILITY

  1. "One-Billion"Brand in 2023

26% of Ready-Mix Net Sales

in Q1 2024 (Q1 2023: 16%)

3rd Climate

Report

Accelerating

Climate Action

Giving shareholders a say on Holcim's climate strategy

  1. "Two-Billion"Brand in 2023

26% of Cement Net Sales

in Q1 2024 (Q1 2023: 16%)

CONet2Salesper

Reduction of 5% vs Q1 2023

Decarbonization driving profitable growth

New Salt Lake City plant

Increasing capacity with state-of-the-art insulation board production

CCUS

Project

Groundbreaking

Carbon2Business project in Lägerdorf

Capturing and utilizing 1.2 Mt of CO2 per annum by 2029

6

02.

FINANCIAL

HIGHLIGHTS

STEFFEN KINDLER | CHIEF FINANCIAL OFFICER

Marina de Marseille, Marseille, France

Built with ECOPlanet with calcined clay inside

GROWTH MOMENTUM CONTINUES IN 2024

CONTINUOUS INCREASE IN PROFITABILITY

RECURRING EBIT GROWTH IN LOCAL CURRENCY

VS PRIOR YEAR PERIOD

18.3%

17.1%

13.3%

6.9%

Q 2 2 3

Q 3 2 3

Q 4 2 3

Q 1 2 4

Georgetown Residence 55 H Street, Washington, USA

Built with ECOPact and contributed to the building's

8

LEED® Platinum status

Q1 2024 NET SALES BRIDGE

3.4% GROWTH IN LOCAL CURRENCY

CHF m

5'725

+3.4%

in LC

1

192

-332

5'586

Q1 2023

Acquisitions & Divestments

Organic Growth

FX

Q1 2024

+3.4%+0%

9

Q1 2024 RECURRING EBIT BRIDGE

17.1% GROWTH IN LOCAL CURRENCY

CHF m

+17.1%

in LC

532

493

4

80

-46

Q1 2023

Acquisitions & Divestments

Organic Growth

FX

Q1 2024

+0.8%+16.3%

10

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Holcim AG published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 07:14:25 UTC.