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Building a Better Future

MEAA: Robust 1Q22 performance in Israel and Egypt CEMEX Building a better future • In Israel, construction activity was strong, with ready-mix and aggregates volumes growing, while sequential pricing for our products rose between mid to high single digit In Egypt, we continue to see strong EBITDA growth driven by the industry rationalization plan announced by the government since mid-year 2021 In the Philippines, cement volumes declined 6%, impacted by disruptions caused by Typhoon Odette in December and COVID lockdown measures, while cement prices improved 3% sequentially, marking four consecutive quarters of growth Expecting for 2022 mid-digit cement volumes in the Philippines, while flat to low single-digit growth in Israel for ready-mix and aggregates MEAA Cement industry demand' I&C Infrastructure Residential 29% 41% 30% 2021 MEAA EBITDA by country² Egypt 7% Israel 48% Philippines 45% 1) CEMEX estimates 2) Percentages before intercompany eliminations. MEAA: Middle East, Africa and Asia 21
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