1Q22 Earnings Report

Europe: Double-digit EBITDA growth, with strong pricing and volume performance across the region CEMEX Building a better future Europe cement industry demand¹ • EBITDA and margin growth 1Q22, with cement volumes rising 16%, led by infrastructure and residential activity, as well as milder winter weather I&C • Prices for our three core products increased between 9% and 13% sequentially, reflecting strong January price increases 26% Residential 37% • • • In April, implemented price increases in markets representing ~40% of European cement volumes, that did not have a January increase We have already announced a second round of price increases to be implemented during 2Q22, to continue compensating for input cost inflation Resilient operations relatively insulated against recent volatility ~65% alternative fuel usage and increasing; less energy intensive products accounting for ~50% of EBITDA; plant network running at high-capacity utilization, surplus of CO2 allowances expected to last until 2025 Guiding for 2022 volumes to be flat for our three core products Medium term demand supported by ~€1.4 T in infrastructure projects by 2030 and by ~€750 B in building and public spaces renovations by 2030 as part of EU Renovation Wave 1) CEMEX estimates 2) Percentages before intercompany eliminations 37% Infrastructure 2021 Europe EBITDA by country² Croatia Czech Rep. 4% 13% UK 31% Poland 16% 16% 21% Germany France 20

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