1Q22 Earnings Report

Mexico: Successful pricing strategy driving 5% top-line growth . • 1Q22 net sales increased 5% driven by a successful pricing strategy January cement price announcement saw record traction with cement prices up 9% sequentially Cement volumes declined 8% reflecting the rebalancing of demand between informal and formal construction while ready-mix volumes grew 9% Formal sector activity driven by industrial and commercial and formal residential supported by the buildout of manufacturing facilities, nearshoring opportunities, reactivation of tourism and low level of housing inventories We expect our pricing strategy and cost containment initiatives to compensate for inflation challenges. Announced a second price increase in bagged cement effective April 1st Sequential EBITDA margin increased 3.5pp on the back of strong pricing ■CEMEX Building a better future Cement industry demand' Infrastructure I&C 30% Informal residential 37% 9% 24% Formal residential EBITDA US$ M -4% 299 286 1Q21 1Q22 We expect 2022 cement volumes to be flat or decline low-single-digit while ready mix and aggregates increase low-to-mid-single digits EBITDA 36.4% 32.5% margin 19 1) CEMEX estimates

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