CEMEX Third Quarter 2022 Results

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#1CEMEX Presentation December 2022 / CEMEX Building a better future Fourth Street First Street 6th Street Viaduct, Los Angeles, United States Built with Vertua Concrete, part of our Vertua family of sustainable products#2CEMEX Except as the context otherwise may require, references in this presentation to "CEMEX," "we," "us" or "our" refer to CEMEX, S.A.B. de C.V. and its consolidated entities. The information contained in this presentation contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements within the meaning of the U.S. federal securities laws. These forward-looking statements and information are necessarily subject to risks, uncertainties, and assumptions, including but not limited to statements related CEMEX's plans, objectives, expectations (financial or otherwise), and typically can be identified by the use of words such as "will", "may," "assume," "might," "should," "could," "continue," "would," "can," "consider," "anticipate," "estimate," "expect," "envision," "plan," "believe," "foresee,” “predict," "potential," "target," "strategy," "intend," "aimed" and similar terms. Although CEMEX believes that its expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially from historical results or results anticipated by forward-looking statements due to various factors. These forward-looking statements reflect, as of the date on which such forward-looking statements are made, our current expectations and projections about future events based on our knowledge of present facts and circumstances and assumptions about future events, unless otherwise indicated. These statements necessarily involve risks, uncertainties and assumptions that could cause actual results to differ materially from historical results or those anticipated in this presentation. Among others, such risks, uncertainties, and assumptions include those discussed in CEMEX's most recent annual report and those detailed from time to time in CEMEX's other filings with the Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, including, but not limited to: impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to the novel strain of the coronavirus identified in China in late 2019 and its variants ("COVID-19"), which have affected and may continue to adversely affect, among other matters, the ability of our operating facilities to operate at full or any capacity, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as the availability of, and demand for, our products and services; the cyclical activity of the construction sector; our exposure to other sectors that impact our and our clients' businesses, such as, but not limited to, the energy sector; availability of raw materials and related fluctuating prices; volatility in pension plan asset values and liabilities, which may require cash contributions to the pension plans; the impact of environmental cleanup costs and other liabilities relating to existing and/or divested businesses; our ability to secure and permit aggregates reserves in strategically located areas; the timing and amount of federal, state and local funding for infrastructure; changes in the level of spending for private residential and private nonresidential construction; changes in our effective tax rate; competition in the markets in which we offer our products and services; general political, social, health, economic and business conditions in the markets in which we operate or that affect our operations and any significant economic, health, political or social developments in those markets, as well as any inherent risks to international operations; the regulatory environment, including environmental, energy, tax, labor, antitrust, and acquisition-related rules and regulations; our ability to satisfy our obligations under our material debt agreements, the indentures that govern our outstanding notes, and other debt instruments and financial obligations, including our subordinated notes with no fixed maturity and other financial obligations; the availability of short-term credit lines or working capital facilities, which can assist us in connection with market cycles; the impact of our below investment grade debt rating on our cost of capital and on the cost of the products and services we purchase; loss of reputation of our brands; our ability to consummate asset sales, fully integrate newly acquired businesses, achieve cost-savings from our cost-reduction initiatives, implement our pricing initiatives for our products and generally meet our "Operation Resilience" strategy's goals; the increasing reliance on information technology infrastructure for our sales, invoicing, procurement, financial statements and other processes that can adversely affect our sales and operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subjected to cyber-attacks; changes in the economy that affect demand for consumer goods, consequently affecting the demand for our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; trade barriers, including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from, free trade agreements, including the United States-Mexico-Canada Agreement ("USMCA"), which was signed on November 30, 2019 and entered into force on July 1, 2020, superseding the North American Free Trade Agreement ("NAFTA"); availability and cost of trucks, railcars, barges and ships, as well as their licensed operators, for transport of our materials; labor shortages and constraints; terrorist and organized criminal activities as well as geopolitical events, such as war and armed conflicts, including the current war between Russia and Ukraine; declarations of insolvency or bankruptcy, or becoming subject to similar proceedings; and, natural disasters and other unforeseen events (including global health hazards such as COVID-19). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from historical results, performance or achievements and/or results, performance or achievements expressly or implicitly anticipated by the forward-looking statements, or otherwise could have an impact on us or our consolidated entities. Any or all of CEMEX's forward-looking statements may turn out to be inaccurate and the factors identified above are not exhaustive. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct the information contained in this presentation or any forward-looking statement that it may make from time to time, whether as a result of new information, future events or otherwise. Readers should review future reports filed by us with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores). This presentation also includes statistical data regarding the production, distribution, marketing and sale of cement, ready mix concrete, clinker, aggregates, and Urbanization Solutions. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to CEMEX's prices for CEMEX's products. We generated some of this data internally, and some was obtained from independent industry publications and reports that we believe to be reliable sources. We have not independently verified this data nor sought the consent of any organizations to refer to their reports in this presentation. UNLESS OTHERWISE NOTED, ALL FIGURES ARE PRESENTED IN DOLLARS, BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS, AS APPLICABLE Copyright CEMEX, S.A.B. de C.V. and its subsidiaries 2#3Global presence with strong position in the Americas by product' 3Q22 YTD Sales ~$11.7 B by region² 3Q22 YTD EBITDA ~$2.1 B by region² ■CEMEX Mexico US US St 24% 25% Cement 33% Ready-mix 33% Mexico 42% 39% 13% 14% 32% 11% SCAC4 11% EMEA³ SCAC4 23% Aggregates EMEA³ Urbanization Solutions 1) Percentages before others and eliminations 3) Europe, Middle East, Africa and Asia 2) Percentages before others and intercompany eliminations South, Central America and the Caribbean 3#4Key highlights in Third Quarter 2022 • . Double-digit growth in Sales. CEMEX 15% to 20% price growth for cement, ready-mix and aggregates YTD prices increasingly covering cost inflation in dollar terms EBITDA and margin impacted by relentless input cost inflation, particularly in energy US and EMEA regions with important EBITDA growth Urbanization Solutions Sales and EBITDA growing double-digit . Aligning decarbonization goals with most ambitious 1.5°C scenario • ~4% reduction in CO2 emissions vs 2021 . Credit rating upgrade to "BB+" from S&P in Dec'22 and MSCI ESG score upgraded to "A" Almost $600 M of divestments YTD QoQ reduction of ~$540 M in total debt, with leverage at 2.82x Net income higher by ~$450 M vs 3Q21 ROCE at 12.7%², well above our cost of capital 4 Reforma Tower, Mexico City, Mexico. 1) On a like to like basis excluding goodwill impairment charges 2) Trailing twelve months as of September 2022, excluding goodwill Built with Fortis, part of our Vertua family of sustainable products#5Sales growth driven by pricing Net Sales EBITDA EBITDA Margin FCF after maint. Capex +13% 1-t-1 -6% 1-t-1 +7% -10% -3.2pp 3,956 723 19.6% 368 16.4% 3,693 649 182 3Q21 3Q22 3Q21 3Q22 3Q21 3Q22 3Q21 3Q22 Millions of U.S. dollars CEMEX Sales growth in all regions with EBITDA growth in the US and EMEA Casa Piedra, Acapulco, Mexico Built with Duramax, part of our Vertua family of sustainable products#6Volumes impacted by post pandemic bagged cement CEMEX rebalancing in emerging markets 2% USA 0% 3% MEX -7% SCAC -12% 1) Gray domestic cement 8% 3% 9% 1% 3Q22 YoY volume variation EUROPE -2% -7% 1% EMEA -1% -3% 1% CONSOLIDATED VOLUMES (l-t-1) -5% 2% 2% Cement¹ Ready-mix Aggregates CO 6#7Double-digit growth in pricing USA 19% 19% 16% QoQ: 6% 8% 1% MEX 17% 16% 4 3Q22 YoY and QoQ price variation EUROPE 21% 2% 3% 0% 15% 11% SCAC 4% 1) Gray domestic cement 0% 2% 8% 30% 18% 13% EMEA 5% 2% 2% 26% 16% 12% CEMEX CONSOLIDATED PRICES (l-t-1) 20% 16% 15% 4% 2% 2% 3% 4% 1% Note: For CEMEX, SCAC, Europe and EMEA, prices (I-t-1) are calculated on a volume-weighted average basis at constant foreign-exchange rates Sequential (2022 to 3Q22) Cement¹ Ready-mix Aggregates 7#8Prices more than covering costs 723 -40 3Q21 EBITDA 19.6% margin Millions of U.S. dollars -6% 3Q22 EBITDA variation 581 -550 -10% CEMEX -35 679 -30 649 Volume Price Variable/Fixed costs, freight, and operating expenses Other businesses & items 3Q22 I-t-I FX 3Q22 reported -3.2pp 16.4% 8#9YTD pricing is covering inflation in dollar terms ■CEMEX Unitary Prices Unitary Costs Cement¹ Aggregates $18 $2.0 Ready-mix $12 $1.8 $16 $14.9 $16.0 $11.9 $11.5 $9.6 $14.4 $14 $1.5 $12 $13.5 $10 $8.4 $8 $8.2 $6 +4 $10 $1.6 $1.5 $1.4 $9.3 $8 $1.2 $6.7 $1.0 $6 $6.4 $4 $0.5 $0.7 $4 $2 40 $0 $0.0 4Q21 1Q22 2Q22 3Q22 4Q21 1Q22 2Q22 3Q22 1) Own produced cement $2 40 $0 4Q21 1Q22 2Q22 3Q22 6#10Setting the most ambitious goals in the industry... One of 3 companies in cement sector to achieve SBTi's validation under new Scope 1 of CO2 in cement Well below 2°C scenario <475 kgs 1.5° C scenario Scope 2 55% clean electricity Scope 3 None 2030 Goals 1) Net per ton of cementitious. Equivalent to a 47% reduction vs. 1990 baseline. SBTI validated a 22.7% reduction of Scope 1 gross emissions per ton vs. a 2020 baseline. 2) Represents a reduction of 58% kg of CO2 per ton of cementitious for 2030 vs. 2020 baseline. 3) Purchased clinker and cement, transport and distribution and purchased and traded fuels. vs. 2020 baseline. SCIENCE BASED TARGETS ■CEMEX 1.5°C scenario <430 kgs of CO2 in cement¹ 65% clean electricity2 Transport -30% Goods -5% Fuels³ -40% 10#11800 1990 Our 2030 roadmap - a 47% CO2 reduction Net Kg of CO2 per ton of cementitious 591 568 2021 9M22 Alternative fuels Clinker factor 430 2030 Thermal efficiency Remaining emissions CEMEX Developed a detailed plant by plant roadmap Existing and proven technology that we have been using in Europe Main levers include increasing alternative fuels with high biomass content and reduction of clinker factor Pace of regional decarbonization influenced by local norms and regulations 11#12R&D for breakthrough technology to reach Net Zero CO₂ emissions 1990 baseline 2022 Now - 2030 Decisive decade • Maximize contribution from current decarbonization levers • R&D for breakthrough technology 2030 2030 - 2050 Completing Net Zero transition Carbon capture utilization and storage Solar & electric- driven manufacture Innovative uses of CO2 Novel chemistry - cementitious & admixtures Full scale deployment of breakthrough technology Q Vertua Next Generation products & solutions CEMEX 2050 Net Zero 12#13Important progress on our Operation Resilience portfolio // CEMEX rebalancing Close to $600 M in divestments YTD ~$330 M Costa Rica & El Salvador ~$120 M 65% of Neoris, our digital accelerator, sold to Advent ~$140 M Fixed asset sales 13#14Debt maturity profile as of September 30, 2022 Total debt as of September 30, 2022: $8,188 million Average life of debt: 5.1 years 2021 Credit Agreement Other bank debt Fixed Income Leases 2,002 981 491 291 335 1,125 ■CEMEX Currency denomination' Interest rate² MXN 4% Other 4% Euro 15% U.S. dollar 77% Variable 26% 1,273 825 788 78 2022 2023 2024 2025 2026 2027 2028 2029 2030 >2031 Millions of U.S. dollars 1) Includes the effect of our EURUSD cross-currency swap 2) Includes the effect of our interest rate derivatives Fixed 74% 14#15■CEMEX 2022 guidance' Operating EBITDA2 Consolidated volume growth Energy cost/ton of cement produced Capital expenditures Investment in working capital Cash taxes Cost of debt³ ~$2,700 million Low single digit decrease for Cement. Low to mid single digit increase for Ready-mix Low to mid single digit increase for Aggregates ~40% increase ~$1,350 million total ~$850 M Maintenance, ~$500 M Strategic ~$250 million ~$200 million Reduction of ~$20 million. 1) Reflects CEMEX's current expectations 2) Like-to-like for ongoing operations and foreign exchange rates for the remaining of the year as of September 30, 2022 3) Including perpetual bonds and subordinated notes with no fixed maturity and the effect of our EUR-USD cross-currency swap 15#16Regional Highlights CEMEX Building a better future Avancer Tower, San Luis, Mexico Built with Fortis, part of our Vertua family of sustainable products#17Mexico: Pricing driving top line growth Bulk cement and ready-mix continued to grow supported by the industrial and commercial sector and infrastructure Nearshoring activity in the border states, the construction of distribution and logistics networks as well as tourism are driving volumes in the formal sector. Bagged cement volumes impacted by normalization of demand, temporary market share loss and inflation impacting consumption Pricing strategy contributing significantly to top line growth Announced October price increase for bagged cement The high level of integration of our business with our sold-out US operations remains a unique competitive advantage Expect high single digit volume decline for cement, while for ready- mix and aggregates a high single digit increase, and low to mid single digit increase, respectively, for 2022 CEMEX Cement industry I&C Infrastructure demand' Informal residential 33% 36% 7% 24% Formal residential Net Sales YoY +9% 1) CEMEX estimates 2) Average daily sales (ADS) 3Q21 3Q22 17#18US: Strong pricing momentum, with sequential EBITDA CEME> margin improvement · Cement industry I&C demand' • • Sales and EBITDA grew by double digits, supported by growth in all products Despite impact from hurricane, sequential EBITDA margins improved 2.4 percentage points, reflecting recovery from 2Q22 maintenance and supply chain disruptions 15% Infrastructure 50% 35% Cement and aggregate volumes rose low single digits while ready-mix was flat Residential • • Prices for cement, ready-mix and aggregates growing between 16% and 19% Announced additional price increases for the remainder of the year and January Demand largely driven by the Industrial and Commercial sector, which we expect to remain an important source of future growth Nearshoring, the recently passed Inflation Reduction Act, and the Infrastructure Investment and Jobs Act should act as a catalyst for future demand Guiding for low single-digit increase volume growth in all core products for 2022 EBITDA $M +10% 3Q21 3Q22 EBITDA 16.1% 14.9% margin 18 1) CEMEX estimates#19Europe: Continued resiliency despite macro headwinds • Despite macro environment, resilient performance due to consolidated vertically integrated footprint, diversified businesses and leadership in decarbonization • Year to date EBITDA up 7% • Cement volumes declined 3%, reflecting some weakness in private sector demand attributable to economic slowdown Strong cement pricing traction with a 5% QoQ and 30% increase YOY • Reduced CO2 emissions by more than 40%³; well positioned to reach the 55% goal for 2030 • Guiding for 2022 volumes to be flat for cement and aggregates, and low single digit decline for ready-mix Cement sector demand' CEMEX I&C 26% Residential 37% Infrastructure 37% 3Q22 YTD EBITDA by country Croatia Czech Rep. 6% 10% Poland 14% 2 UK 46% 123 CEMEX estimates Percentages before intercompany eliminations Compared to our 1990 baseline 8% Germany 16% France 19#20MEAA: Robust performance in Israel and Egypt • Our operations in Egypt and Israel continued to show strong top line and EBITDA growth In the Philippines, cement volumes declined double-digit as country transitions to new government and macro challenges impact demand. Sequential prices increased 4%, the sixth consecutive quarter of improvement Expecting mid single digit decline in cement volumes in the Philippines, while flat to low single digit increase and low single digit volume growth for ready-mix and aggregates, respectively, in Israel, for 2022 CEMEX estimates 2) Percentages before intercompany eliminations. MEAA: Middle East, Africa and Asia CEMEX Cement segment demand' I&C Residential 29% 41% 30% Infrastructure Egypt 3Q22 YTD EBITDA by country 2 20% 37% Philippines 42% Israel 20 20#21SCAC: Sales growth mainly due to strong price contribution/CEMEX Top line performance driven by 15% increase in cement prices • Cement performance reflects bagged cement rebalancing as well as operational and weather issues in the Dominican Republic • Formal sector continues improving as evidenced by ready mix and aggregates performance The decline in EBITDA and EBITDA margin largely resulted from higher energy costs, lower cement volumes, as well as geographic and product mix • In Colombia, cement volumes declined 5% as a result of our pricing strategy • In the Dominican Republic, with our production largely sold out and low inventories, cement volumes declined double digit due to kiln stoppage as well as Hurricane Fiona • In Colombia, guiding for flat cement volumes and mid teens increase for ready-mix Expecting Dominican Republic cement volumes to have a low single digit decline and increasing in the low teens for ready-mix Cement industry demand' I&C 17% Infrastructure 21% 62% Panama Nicaragua 3Q22 YTD EBITDA by country² 10% Guatemala 10% Other 8%4% Residential Dominican 33% Republic CEMEX estimates Percentages before intercompany eliminations. 20% 16% Colombia TCL Group 21#22|Annex CEMEX Building a better future Casa Piedra, Acapulco, Mexico Built with Duramax, part of our Vertua family of sustainable products#232022 expected volume outlook': selected countries/regions Cement ■CEMEX CEMEX Low single digit decline Mexico High single digit decline Low single digit increase Europe Colombia Flat USA Panama Dominican Republic Israel Philippines Flat Low to mid single digit increase Low single digit decline N/A Mid single digit decline Ready-mix Low to mid single digit increase High single digit increase Low single digit increase Low single digit decline Mid teens increase ≥25% increase Low teens increase Flat to low single digit increase N/A Aggregates Low to mid single digit increase Low to mid single digit increase Low single digit increase Flat N/A N/A N/A Low single digit increase N/A 1) Reflects CEMEX's current expectations. Volumes on a like-to-like basis 23#24Relevant ESG indicators Carbon strategy 9M22 9M21 2021 Customers and suppliers 3Q22 3Q21 2021 Kg of CO2 per ton of cementitious Alternative fuels (%) 568 594 591 Clinker factor 34% 29% 29% 74.5% 76.0% 75.8% Net Promoter Score (NPS) % of sales using CX Go 66 70 70 56% 63% 62% Low-carbon products 9M22 9M21 2021 Health and safety 9M22 9M21 2021 Blended cement as % of total cement produced 76% 69% 68% Employee fatalities 1 0 1 Employee L-T-I frequency rate 0.5 0.4 0.5 Vertua concrete as % of total 37% 19% 20% Operations with zero fatalities 97% 97% 95% and injuries (%) ■CEMEX 24#25Scope 1 decarbonization levers Raw materials Decarbonated raw materials Clinker & cement production CCUS, Solar Calcination, & Electrification CEMEX Concrete production SCM's, Construction and demolition waste, & Admixtures Preheater Cement mill 9254 Gypsum Flourite Slag Flyash Cement kiln Limestone Calcined clays Slag Flyash Pozzolan Alternative fuels & hydrogen Supplementary cementitious materials ("SCM's")& Admixtures 25#26Evolving CEMEX Go to fully automated customer experience CEMEX • • • Commercial Full digital integration within our supply chain network to offer real-time options to our customers Automated digital confirmations to customers Agility to quickly respond to the unexpected Expecting to materially boost our adoption rate, beyond our current 60% of sales processed through CX Go Process & Technology Enhancing Customer Experience Digital Automation | Data & Al COMMERCIAL CEMEX GO Supply Chain PRODUCTION SmartOps MANAGEMENT Working Smarter People & Organization • Increased operational efficiencies and improved customer experience 26#27Further strengthening our capital structure in a volatile environment . ● • . Reduced total debt during the quarter by $540 M. Bought back $654 M of bonds at a discount, reducing debt by $91 M Closed a €500 M sustainability-linked loan in October, with similar conditions to our Credit Agreement Protected against rising interest rates, with 74% of our debt at fixed rates Risk management strategies offsetting weaker currencies, rising interest rates and energy costs Proforma' debt maturity profile as of September 30th Billions of U.S. dollars 0.5 0.3 0.3 1.5 1.5 1.1 0.8 0.8 CEMEX 1.3 0.1 22 23 24 25 26 27 28 29 30 ≥31 No refinancing needs until 2025 1) Giving effect to new €500 M bank loan used to repay the committed Revolving credit facility in October 2022 27#28Green Financing Framework: first of its kind in our industry/CEMEX Our Green Financing Framework, first in our industry, extends beyond our decarbonization goals to include air quality, clean electricity and water management P Project categories Pollution Prevention & Control Renewable Energy Energy Clean Sustainable efficiency transportation Water and Wastewater management To be eligible, projects must adhere to EU Taxonomy which includes certain thresholds such as: • Facilities are expected to result in a carbon intensity below 546 tons of CO2 per ton of cementitious product by 2025. Average carbon intensity of the electricity produced that is used for hydrogen manufacturing is at or below 100 grams of CO2 per kWh. We have identified over $500M of these projects for 2021-2025 28#29Focused on 7 CCUS projects CCUS technologies 00 k Membranes & amines ✓ • Cryogenic Direct separation Other emerging technology Technological Readiness Level 6 to 9 2 Germany 4 industrial scale pilot, <100 KT/yr of CO2 captured Rüdersdorf plant net zero by 2030 2 plants in Spain to reach large scale execution Conducting a study on CO2 storage availability for all plants More than 15 R&D initiatives aimed at CO2 utilization Breakdown of CCUS projects (by country) 3 Spain ■CEMEX 2 29 USA 29#30CEMEX Day CEMEX Building a better future Casa Piedra, Acapulco, Mexico Built with Duramax, part of our Vertua family of sustainable products#31Delivering the best customer experience empowered by 11 CEMEX digital CEMEX 38 GO Commercial 010101 010101010 01010110 • 44 to 66 NPS from 2018 to 2022 . Best digital platform in the industry • ⚫ Global, end-to-end, multi-device, all products, and omnichannel Represents 90% of volumes GO Link API connectivity with 85 large customers • . Production/Supply Chain Al to optimize production, costs, energy usage, and CO2 reduction Predictive maintenance Dynamic overbooking and real time route optimizer • Improve driver safety . Admin. & Support Services Digitalizing global administrative services Virtual service centers leveraging a remote workforce Best-in class service providers CEMEX Go Acceleration: Aiming for 100% automation and adoption CEMEX 31#32Balanced capital allocation between growth and deleveraging Accretive bolt-on and Climate Action investments ■CEMEX Deleveraging to Return capital to achieve Investment shareholders Grade Dividends linked to investment grade rating 32 32#33$1.6 B Growth Pipeline under execution with expected ~$749/ CEMEX M in steady state EBITDA Approved projects US$ B Steady State EBITDA 1.6 10 MT Cement Expansions Bolt-ons/ Margin enhancement ~US$240 M 10 M Tons of incremental cement capacity 0.8 39% 5% 33% 5% 18% 10 M 2022 2023 2024 2025 2026 ~US$500 M 0.7 Pending Investment ~$80/Ton 383 33#34$1.6 B Growth Pipeline under execution with expected ~$749/ CEMEX M in steady state EBITDA Approved projects US$ B Steady State EBITDA 1.6 10 MT Cement Expansions Bolt-ons/ Margin enhancement Bolt-on by Region ~US$240 M EMEA 30% 0.8 14% ~US$500 M MEX 0.7 6% SCAC 50% USA Bolt-on by Business AGG 35% 45% CEM 13% 7% RMX URB 34#35Includes capacity additions and Bolt Ons Cement • • 10 M tons of cement capacity additions • 4.4 M tons being rolled out between 2022-2023 in Mexico, Dominican Rep., Poland, and US Future plans to develop additional grinding capacity in US and Europe Enhancing margins while advancing on Climate Action roadmap CEMEX Kil Bolt-on/margin enhancement projects • Adding ~900 M tons of aggregates reserves', primarily in US and Europe • Expanding Urbanization Solutions business Aligned to our Climate Action goals 1) From 2020 to 2022 YTD 35#36Urbanization Solutions, our fastest growing business / CEMEX Performance Materials Building sustainable cities while focusing on 4 verticals Industrialized Construction Circularity Related Services Chemical admixtures & mortars with over 25 facilities worldwide Advanced concrete production, modular construction & others Fastest growing business, focused on waste & alternative raw materials Construction materials retail, logistics partner services & others Sales and EBITDA growing double-digits Focused on accelerating businesses with highly attractive growth rates & margins 36#372030 target to increase managed waste by 80% 23 M tons 41 M tons 2021 2030 Target CEMEX 2030 targets by waste stream Double municipal and industrial waste managed, achieving 50% of fossil fuel substitution Recycle 14 M tons per year of construction and demolition waste 100 times what CEMEX generates Increase 30% the use of alternative raw materials and byproducts eliminating 13 M tons per year of extracted materials Regenera Committed to Circularity CEMEX is leveraging its assets to offer clean and sustainable waste valorization solutions 37 37#38Contact Information Lucy Rodriguez +1 (212) 317-6007 [email protected] cotiza en Bolsa Mexicana CEMEX CX LISTED NYSE gg ca Global Cement and Concrete Association ■CEMEX Alfredo Garza +52 (81) 8888-4576 [email protected] Fabián Orta +52 (81) 8888-4139 [email protected] Scott Pollak +1 (561) 603-7797 [email protected] 38

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