#1CEMEX Presentation February 2023 CEMEX Crédit Agricole Building, Nimes, France 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#3Global presence with strong position in the Americas by product' 2022 Sales ~$15.6 B by region² 2022 YTD EBITDA ~$2.7 B by region² ■CEMEX Mexico US US 25% 26% Cement 42% 33% Ready-mix 33% Mexico 38% Urbanization Solutions 13% 14% 32% 10% SCAC4 11% EMEA³ 3 SCAC4 23% Aggregates EMEA³ 1) Percentages before others and eliminations 3) Europe, Middle East, Africa and Asia 2) Percentages before others and intercompany eliminations 4) South, Central America and the Caribbean 3#4CEMEX Financial and Operational Results#5Key highlights in Fourth Quarter 2022 • • Top line growing double-digit CEMEX • 17% to 20% price growth . EBITDA growth in regions representing ~90% of Net Sales · Record 4th quarter EBITDA in the US • Growing evidence of margin recovery Growth investments contributed to ~$100 M of incremental EBITDA in 2022 ~$600 M of divestments during 2022 Credit rating upgrade to "BB+" from S&P Duo Towers, Paris, France Built with Vertua Concrete, part of our Vertua family of sustainable preacts Achieved SBTI's validation for our new 2030 targets and 2050 net zero goal, under their newly announced 1.5°C scenario Record reduction in CO2 emissions in 2022 Launch of Regenera, our global waste management business, contributing to a more circular society Net income, proforma for non-cash goodwill impairment, rose 36% ROCE at 12.1%², well above our cost of capital 1) Highest reported 4th quarter EBITDA since 2007 2) Trailing twelve months as of December 2022, excluding goodwill 5#64Q22: Improving EBITDA margin trend Net Sales EBITDA EBITDA Margin FCF after maint. Capex +12% l-t-l -1% l-t-l +8% -2% -1.7pp 3,869 644 18.0% 391 16.3% 630 3,573 332 4Q21 4Q22 4Q21 4Q22 4Q21 4Q22 4Q21 4Q22 Millions of U.S. dollars CEMEX Stable QoQ margin Highway I-10 Corridor, Los Angeles, United States Built with Vertua Concrete, part of our Vertua family of sustainable products 6#7FY 2022: Despite unprecedented volatility, resilient EBITDA Net Sales EBITDA EBITDA Margin FCF after maint. Capex +12% l-t-l -3% |-t-l +8% -6% -2.5pp 15,577 2,839 19.7% 1,101 17.2% 14,379 2,681 553 2021 2022 2021 2022 2021 2022 2021 2022 Millions of U.S. dollars CEMEX Voltaire College, Remoulins, France Built with Vertua Concrete, part of our Vertua family of sustainable products 7#8Volumes impacted by slowing demand USA -6% -7% -7% FY 2022: 1% 0% 3% SCAC 4Q22 YoY and FY 2022 volume variation CEMEX CONSOLIDATED VOLUMES (l-t-l) EMEA -2% EUROPE -4% -3% -3% 9% -5% -8% -6% 4% -11% 455-5% -1% -1% -0% 0% -3% -1% -4% 2% 2% MEX -5% -8% 10% 4% 5% 2% 1) Gray domestic cement -10% -7% 11% 5% FY 2022 volumes Cement¹ Ready-mix Aggregates 8#9Double-digit growth in pricing across all regions 21%22% 25% USA QoQ: 3% 4% 8% 4Q22 YoY and QoQ price variation EUROPE 19% 18% 18% MEX III 17% 12% SCAC 6% 0% 1% 1% 1% 3% 0% 35% 20% EMEA 13% 5% 4% 0% CEMEX CONSOLIDATED PRICES (l-t-l) 20% 18% 27% 17% 16% 13% 2% 1% -1% 2% 2% 2% 1) Gray domestic cement Note: For CEMEX, SCAC, Europe and EMEA, prices (I-t-l) are calculated on a volume-weighted average basis at constant foreign-exchange rates Sequential (3Q22 to 4Q22) Cement¹ Ready-mix Aggregates 6#10Effective pricing strategy more than offset increase in CEMEX costs 2,839 2022 EBITDA variation -3% -6% -1,858 1,942 -131 -53 2,740 -59 2,681 2021 Volume Price Costs Other businesses & items 2022 l-t-l FX 2022 reported EBITDA margin 2022: 19.7% Millions of U.S. dollars -2.5pp 17.2% 10#11Net contribution of pricing over cost continues to grow in // CEMEX fourth quarter -1% 4Q22 EBITDA variation -2% 644 -70 -513 580 640 -9 630 4021 Volume Price Costs Other businesses 4Q22 I-t-l FX 4Q22 reported & items EBITDA margin 4Q: 18.0% -1.7pp 16.3% Millions of U.S. dollars#12In 4th quarter, cement pricing transitioning from covering dollar cost of inflation to recovering margin Cement¹ Aggregates CEMEX Unitary Prices Unitary Costs Ready-mix $20 $19.3 $2.5 $16 $18 $16.0 $14 $16 $14.9 $2.1 $14.7 $14.4 $11.8 $15.4 $2.0 $1.8 $12 $14 $1.6 $1.8 $14.4 $11.5 $9.6 $12 $13.5 $10 $1.5 $10 $8.4 $8 $8.2 $6 $1.5 $1.4 $8 $9.3 $1.2 $6.7 $1.0 $6 $6.4 $4 $4 54 $0.5 $0.7 $2 $0 $0.0 4Q21 1Q22 2Q22 3Q22 4Q22 4Q21 1Q22 2Q22 3Q22 4Q22 1) Own produced cement U.S. dollars per ton $2 40 $0 4Q21 1Q22 2Q22 3Q22 4Q22 12#13CEMEX 2023 Outlook#142023 guidance' Operating EBITDA2 Consolidated volume growth Energy cost/ton of cement produced Capital expenditures Investment in working capital Cash taxes Cost of debt³ Low single-digit increase Low single-digit decrease for Cement Low single-digit decrease for Ready-mix Low single-digit increase for Aggregates ~10% increase ~$1,250 million total CEMEX ~$850 million Maintenance, ~$400 million Strategic ~$250 million ~$250 million Increase of ~$70 million. 1) Reflects CEMEX's expectations as of February 13th, 2023 2) Like-to-like for ongoing operations and assuming December 31, 2022 FX levels 3) Including perpetual bonds and subordinated notes with no fixed maturity and the effect of our EUR-USD cross-currency swap 14#152023 expected volume outlook': selected countries/regions Cement Ready-mix Aggregates CEMEX CEMEX Low single-digit decline. Mexico USA Europe Colombia Flat Low single-digit decline Mid to high single-digit decline Flat Low single-digit decline Mid single-digit increase Low single-digit decline Low to mid single-digit decline High single-digit increase Low single-digit increase High single-digit increase Low single-digit decline Flat to low single-digit decline N/A Panama Flat ≥25% increase N/A Dominican Republic Flat to low single-digit decline Israel N/A Mid single-digit increase Low single-digit decline N/A Low single-digit decline Philippines Flat to low single-digit decline N/A N/A 1) Reflects CEMEX's as of February 13th 2023. Volumes on a like-to-like basis 15#16CEMEX= Climate Action Strategy FUTURE ACTION#17Leading the industry with climate ambition... and executing CEMEX SBTI validation of net-zero CO2 goals under 1.5°C scenario SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION Net CO2 emissions down ~5% vs 2021 and ~9% in last two years 1) Vertua cement as a % of cement volumes Records: · Alternative fuels substitution rate of 35%, +6pp YoY Clinker factor of High levels of adoption for our Vertua products: Vertua 41% for cement', +14.8pp YoY 74.3%, -1.5pp YoY ● 33% for ready- 2) Vertua ready-mix as a % of ready-mix volumes mix², +16.1pp YoY 17#18Setting the most ambitious goals in the industry... One of 3 companies' in cement sector to achieve Scope 1 Well below 2°C scenario <475 kgs SBTI's validation under of CO2 in cement new 1.5° C scenario Scope 2 55% clean electricity Scope 3 None 2030 Goals SCIENCE BASED TARGETS ■CEMEX 1.5°C scenario <430 kgs of CO2 in cement² 65% clean electricity³ Transport -30% Goods -5% Fuels4 -40% 1) Presented during CEMEX DAY 2022, as of November 16th, 2022. 2) 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. 3) Represents a reduction of 58% kg of CO2 per ton of cementitious for 2030 vs. 2020 baseline. 4) Purchased clinker and cement, transport and distribution and purchased and traded fuels. vs. 2020 baseline. 18#19Our 2030 roadmap - a 47% CO2 reduction Net Kg of CO2 per ton of cementitious 800 1990 591 564 2021 2022 Alternative fuels Clinker factor Thermal efficiency Remaining emissions 430 2030 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. 19#20Scope 1 decarbonization levers Raw materials Clinker & cement production CCUS, Solar Calcination, Decarbonated raw materials & Electrification Gypsum Flourite Slag Flyash Preheater Cement kiln Alternative fuels & hydrogen Cement mill CEMEX Concrete production SCM's, Construction and demolition waste, & Admixtures Limestone Calcined clays Slag Flyash Pozzolan 000 Supplementary cementitious materials ("SCM's") & Admixtures 20 20#21R&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 10001 Full scale deployment of breakthrough technology Q Novel chemistry - cementitious & admixtures Vertua Next Generation products & solutions CEMEX 2050 Net Zero 21#222030 to 2050 Roadmap to Net Zero CO₂ Concrete Net kg CO2 per m³ 11 ~35 25 Electricity, Supplies & Transport Cement net direct emissions in concrete 150 86 CEMEX 28 11 24 2030 Cement levers Concrete levers Carbon Capture Recarbonation Clean Electricity Supplies & 2050 Transportation Net-Zero CO2 concrete 22#23Focused 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 USA 23#24CEMEX Urbanization Solutions IN FUTURE ACTION 24#25Urbanization 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 25#26Regenera: CX's new global waste management business CEMEX Urbanization Solutions EBITDA CAGR: +21% Fastest growing vertical 227 128 2019 2022 2022 EBITDA contribution from each Urbanization Solution's vertical Related Services 19% 37% Industrialized Construction 6% Circularity Regenera Committed to Circularity CEMEX managed 67 times¹ the waste we generated in 2022 38% Performance Materials 1) Preliminary figure for 2022 EBITDA in millions of U.S. dollars. 26#272030 target to increase managed waste by 80% 41 M tons ~27 M tons 2022 2030 Target 2030 targets by waste stream Double municipal and industrial waste managed, achieving 50% of fossil fuel substitution CEMEX 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 27#28CEMEX= Debt and Funding Frameworks#29Further strengthening our capital structure in a volatile environment . Reduced total debt during the year by $409 M. Bought back $1.2 B of bonds at a discount • Protected against rising interest rates, with 71% of our debt at fixed rates. CEMEX • Risk management strategies offsetting weaker currencies, higher interest rates and energy costs • Accounts receivables securitization programs (~$750 M) now under our sustainability-linked • financing framework. Approximately 42% of our debt now linked to sustainability KPIs Credit rating upgrades from S&P and Fitch, to one notch below investment grade No material refinancing needs until 2025 29#30Debt maturity profile as of December 31, 2022 Total debt as of December 31, 2022: $8,147 million Average life of debt: 5.0 years Main bank debt agreements Other bank debt Fixed Income Leases 579 309 1,587 1,598 1,125 Currency denomination¹ Interest rate² MXN 4% Other Euro 4% 14% Variable 29% U.S. Fixed dollar 71% 78% 786 738 1.365 60 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, as applicable CEMEX 30#31Reduced total debt by ~$410 M and net debt by ~$290 M // CEMEX during 2022 7,942 78 Net Debt as of 4Q21 Free cash flow in 2022 Millions of U.S. dollars 445 Net debt variation -289 Asset Divestments (Costa Rica, El Salvador & Neoris) 7,652 -27- 150 111 Share Buybacks Others Net FX Net Debt as of 4Q22 31#32Green Financing and Sustainability Linked Financing Frameworks Green Financing Framework¹ First Green financing framework in the industry Extends beyond our decarbonization goals Includes, but not limited, to issue Green Bonds and Green Loans Proceeds are to be exclusively allocated to eligible³ green projects in the following categories: pollution prevention and control, renewable energy, energy efficiency, clean transportation, sustainable water and wastewater management, eco-efficient and/or circular economy adapted products, production technologies and processes Aligned to our Climate Action goals CEMEX Sustainability Linked Financing Framework' Based on three Climate Action KPIs², which are core, relevant and material to our business Achievement of KPI's represent an adjustment to CEMEX's cost of debt issued under this framework As of Dec. 31, 2021, ~$4.0B of CEMEX's bank debt instruments were issued under our Sustainability-linked financing framework 1. Aligned with the International Capital Markets Association and the LMA, LSTA, and APLMA Sustainability- Linked and Green Loan Principles 2. a) Reduce net CO2 emissions to 520kg by 2025 and below 475kg by 2030 per ton of cementitious product. b) Reach power consumption from clean energy sources in cement of 40% by 2025 and 55% by 2030. c) Achieve alternative fuels rate of 43% by 2025 and 50% by 2030 3. To be eligible, projects must adhere to EU Taxonomy 32#33//CEMEX Regional Highlights#34• Mexico: 4Q22 EBITDA up mid-single digit In fourth quarter, with continued inflation pressuring retail demand, bagged cement volumes moderated, while bulk cement grew high-single digits • The formal sector benefited from nearshoring investments in border states, tourism construction, and distribution and logistic activity in the central part of the country • As our pricing strategy continued to make inroads in catching up to inflation, year over year quarterly EBITDA rose for the 1st time in 5 quarters • CEMEX Cement industry demand' I&C Informal residential 31% 35% 10% While margins declined during the quarter due to higher energy, raw materials, freight, and wages, as well as product mix, the decline moderated versus full year performance Infrastructure 24% Formal residential Announced price increases for all our products effective January 1st Alternative fuels exceeded 40% in fourth quarter, a record, representing a 12pp YoY increase For 2023, we expect cement volumes to remain flat, while ready mix and aggregates grow at mid and high single digits, respectively The industrial and commercial sector, driven by nearshoring and tourism, should remain the driving force behind 2023 volumes, while government social programs should help offset continued weakness in household demand 1) CEMEX estimates Net Sales YoY I-t-l +13% +21% 4Q21 4Q22 34#35CEMEX US: Record 4Q22 EBITDA¹ despite adverse weather conditions Despite significant weather challenges impacting most of our markets, EBITDA grew mid teen percent to a record 4th quarter result Cement industry I&C demand² Growth was fueled by price gains in excess of 20% that more than offset lower volumes during the quarter 15% Infrastructure 50% 35% • • • • YoY EBITDA margin for the quarter expanded for the first time since early 2021, while sequential margin also improved for the 2nd straight quarter, benefiting from higher prices, lower maintenance and lower imports Full year EBITDA was driven by mid-teen percentage points growth in pricing and low single digit volume growth In January, we signed an agreement to purchase Atlantic Minerals Limited in a transaction that will expand our US aggregates reserves by ~20%. We expect this deal to close shortly and to be accretive in 2024 For 2023, we expect low-single digit volume decline across all products driven by the residential sector Remain optimistic on growth in industrial and commercial and infrastructure sectors underpinned by nearshoring trends along with funding available under the CHIPS Act, the Inflation Reduction Act and the Infrastructure Investment and Jobs Act 1) Highest reported fourth quarter EBITDA since 2007 2) CEMEX estimates Millions of U.S. dollars Residential EBITDA $M +16% 4Q21 4Q22 EBITDA 15.9% 16.5% margin 35#36Europe: Continued resiliency despite macro headwinds • Strong cement pricing traction with a 5% sequential increase and 35% YoY growth in 4Q22 ⚫ EBITDA growth of 9% in 4th quarter largely reflected our pricing efforts while volumes declined due to a weakening demand • Margin declined by less than one percentage due primarily to energy costs in 4Q22 • 41% reduction³ in CO2 emissions in Europe; well positioned to reach the EU 55% goal for 2030 • For 2023, we expect cement volumes in Europe to decline mid to high- single digit, with ready mix volumes falling low to mid-single digits, and aggregate volumes relatively flattish to down Over the medium term, demand should be supported by public and private projects worth more than €2 trillion euros related to transportation, climate adaptation and energy reconfiguration, as well as onshoring investment opportunities 1) CEMEX estimates 2) Percentages before intercompany eliminations 3) Compared to our 1990 baseline Cement sector demand' I&C CEMEX Residential 29% 33% 38% Infrastructure 2022 EBITDA by country Croatia Czech Rep. 5% 10% Poland 15% 2 UK 46% 9% Germany 15% France 36#37MEAA: Robust performance in Israel and Egypt In the Philippines, quarterly cement volumes declined as the country transitions to a new government and macro challenges impact demand. 4Q22 margin was impacted primarily by higher energy costs and major maintenance For 2023, we expect volumes to perform between flat and a low single digit decline • ■CEMEX Cement segment demand' I&C Residential 31% 35% 34% Infrastructure Our operations in Egypt and Israel continued to show strong top line and EBITDA growth during the quarter 2022 • For Israel, while demand remains robust, we expect ready-mix and aggregates volumes to decline low single-digit, reflecting our capacity constraints Egypt Israel EBITDA by country 21% 34% Philippines O 45% 1) CEMEX estimates 2) Percentages before intercompany eliminations. MEAA: Middle East, Africa and Asia 37#38SCAC: Pricing driving top line growth • Pricing driving top line growth, with cement prices up 12% YoY in 4Q22 Cement volumes in the region have been pressured by the rebalancing of bagged cement post pandemic in the fourth quarter Bulk cement, ready-mix and aggregates volumes continue to grow during the quarter, supported by formal sector demand mainly in the industrial and residential sectors The decline in quarterly EBITDA and EBITDA margin reflects energy, freight, and raw materials cost headwinds • In Colombia, cement volumes rose slightly in 4Q22, driven by social housing. For 2023, we expect cement volumes to be flat, while ready-mix volumes to increase high single digit In the Dominican Republic, cement volumes declined in 4Q22 due to a drop in retail cement demand, partially offset by higher bulk cement related to tourism projects. For the year, we expect cement volumes to remain flat to slightly down. Activity should be supported by tourism and industrial investments In Panama, we continue operating as an export hub, sending record cement volumes in 4Q22 to nearby markets within the region, reducing dependency from third party suppliers CEMEX Cement industry demand' I&C 12% Residential Infrastructure 18% 2022 70% EBITDA by country² Panama Nicaragua Other 8%4% 10% 40% Dominican Republic Guatemala 10% 1) CEMEX estimates 2) Percentages before intercompany eliminations. 20% 16% Colombia TCL Group 38#39CEMEX Leading the industry in Digital Innovation IN FUTURE ACTION 39#40Delivering the best customer experience empowered by CEMEX digital CEMEX GO Commercial 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 010101 010101010 01010110 · 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 40 40#41Evolving CEMEX Go to fully automated customer experience 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 • Increased operational efficiencies and improved customer experience Process & Technology Enhancing Customer Experience Digital Automation | Data & Al COMMERCIAL CEMEX GO Supply Chain PRODUCTION SmartOps CEMEX MANAGEMENT Working Smarter People & Organization 41#42CEMEX Balanced Capital Allocation#43Balanced capital allocation between growth and deleveraging Accretive bolt-on and Climate Action investments Deleveraging to achieve Investment Return capital to shareholders Grade Dividends linked to investment grade rating ■CEMEX 43#44//CEMEX Growth Strategy#45$1.6 B Growth Pipeline under execution with expected ~$740 M in steady state EBITDA Approved projects US$ B Steady State EBITDA 1.6 10 MT Cement Expansions ~US$240 M 10 M Tons of incremental cement capacity 0.8 39% 5% 33% 5% 18% 10 M Bolt-ons/ 2022 2023 2024 2025 2026 Margin ~US$500 M enhancement 0.7 Note: Growth pipeline as presented during CEMEX DAY 2022, as of November 16th, 2022. Pending Investment ~ $80/Ton ■CEMEX 45#46$1.6 B Growth Pipeline under execution with expected ~$740 M in steady state EBITDA Approved projects US$ B Steady State EBITDA 1.6 10 MT Cement Expansions Bolt-on by Region ~US$240 M EMEA 30% 0.8 Bolt-ons/ 14% Margin ~US$500 M MEX enhancement 0.7 6% SCAC Note: Growth pipeline as presented during CEMEX DAY 2022, as of November 16th, 2022. 50% USA Bolt-on by Business ■CEMEX AGG 35% 45% CEM 13% 7% RMX URB 46#47Appendix CEME CEMEX -f College Port Marianne, Montpellier, France Built with Vertua Concrete, part of our Vertua family of sustainable products#48Relevant ESG indicators Carbon strategy 2022 2021 Customers and suppliers 4Q22 4Q21 2021 Kg of CO2 per ton of 564 591 Net Promoter Score (NPS) cementitious Alternative fuels (%) 35% 29% % of sales using CX Go 66 69 61% 60% 68 62% Clinker factor 74.3% 75.8% Low-carbon products 2022 2021 Health and safety 2022 2021 Blended cement as % of total Employee fatalities 3 1 75% 68% cement produced Employee L-T-I frequency rate 0.5 0.5 Vertua concrete as % of total 33% 17% Operations with zero fatalities 96% 95% and injuries (%) 48 48 CEMEX#49Contact Information cotiza en Bolsa Mexicana CEMEX CX LISTED NYSE ■CEMEX Lucy Rodriguez +1 (212) 317-6007 [email protected] Fabián Orta +52 (81) 8888-4139 [email protected] Scott Pollak +1 (561) 603-7797 [email protected] gea ca Global Cement and Concrete Association