CEMEX Institutional Presentation ENGLISH
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Transcript of CEMEX Institutional Presentation ENGLISH
www.cemex.com
2www.cemex.com
Annual sales ’10 US$14.0 billion, EBITDA ’10 US$2.3 billion
One of the leaders in each of our core businesses: cement, aggregates, and ready-mix concrete
Presence in more than 50 countries across the Americas, Europe, Africa, the Middle East and Asia
Trade relationships in more than 100 nations and one of the world’s top traders of cement and clinker
Close to 46,500 employees worldwide
A leading global building materials company
3www.cemex.com
A vertically integrated building materials company
We supply cement, ready-mix concrete, and aggregates, as well as a range of other construction products and services.
Clay
Iron ore
Limestone
Other cementitious
materials such as
pozzolan, slag, and fly ash
Clinker
Gypsum
Sand
Gravel
Water
Cement Ready-mixconcrete
Aggregates
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A global leader in each of our core businesses
(1) Weighted for consolidation and ownership (operations 100% owned or <100% owned but fully consolidated are counted at full capacity; operations <50% are weighted by % owned).
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More than a century of growth
Founded in Mexico in 1906, CEMEX has grown from a local player to one of the top global companies in our industry
»CEMEX is founded with the opening of a cement plant in the northern part of Mexico
»CEMEX becomes a market leader in Mexico
»CEMEX lists on the Mexican Stock Exchange
»CEMEX establishes a national presence in Mexico
1906 1972 1976
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»Up to 1985, CEMEX had four main businesses and was evaluating opportunities for further diversification…
… while its cement business had limited scale and was exposed to majors’ presence nearby.
Cement Ranking (1985)(million metric tons)
Company Capacity
Holcim 41Lafarge 25BCI 20 Heidelberg 16Italcementi 15Votorantim 15NIH 14MIT 14Ono 12CEMEX 11
Limited scale to compete
Holcim footprint in North America (1985)
Strong presence of global leaders nearby
1985
In 1985 CEMEX adjusted its strategyto focus on the global cement value chain
Mining
Cement
Petrochemicals
Tourism
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1985 1990
»CEMEX becomes a national producer and consolidates its position in the Mexican market with the acquisitions of Cementos Anahuac and Cementos Tolteca
»CEMEX also enters the southern US market
CEMEX redefined its strategic options and strengthened its domestic position
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1991 1995
»CEMEX initiates its international expansion in the European market with the acquisition of Valenciana and Sanson, Spain’s two largest cement companies
»CEMEX begins operations in South America with the acquisition of Vencemos, Venezuela’s largest cement company
»CEMEX establishes operations in Central America and the Caribbean by acquiring Cemento Bayano in Panama and Cementos Nacionales, the Dominican Republic’s leading cement company
»CEMEX expands its US operations with the acquisition of the Balcones cement plant in Texas
In the 90’s, CEMEX started its globalization process
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1996 2000
»CEMEX becomes the world’s third-largest cement company with the acquisition of Colombia’s Cementos Diamante and Samper
»CEMEX initiates operations in Asia with the acquisition of Rizal Cement and APO Cement in the Philippines
»CEMEX consolidates its presence in Central America and the Caribbean by acquiring Cementos del Pacífico, Costa Rica’s largest cement producer
»CEMEX begins operations in Africa with the acquisition of Assiut Cement Company, one of Egypt’s leading cement producers
In the late 90’s, CEMEX consolidated its position as a leading global cement company
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2001 2005
»CEMEX increases its presence in Central America by initiating operations in Nicaragua
»CEMEX reinforces its position in the Asian market with the acquisition of Saraburi Cement Company in Thailand
»CEMEX enhances its position in the Caribbean by acquiring Puerto Rican Cement Company
»CEMEX doubles its size with the acquisition of RMC Group, adding 20 mainly European markets to its portfolio
CEMEX doubled its size and consolidated its position as a global building materials leader
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2006 2008
»CEMEX expands its position in the US and initiates operations in Australia with the acquisition of Rinker. Two years later, we divest our Australian assets
»CEMEX exits Venezuela after the government decides to nationalize its cement industry
With the acquisition of Rinker in 2007, CEMEX strengthened its position in the US
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All 3 core businesses(cement, ready-mix, aggregates)
Worldwide Presence (2010)
In 2 businesses
In 1 business
Today, CEMEX is a global player with solid positions in the cement, aggregates, and ready-mix businesses
+ a global trading network(~100 countries)
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Sales and EBITDA growth have averaged ~17% and ~14% per year
$US Billion
SalesEBITDA
With very solid Sales and EBITDA growth over the years
0
5
10
15
20
25
85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10
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CEMEX creates value for its customers
We partner with our customers to provide them with the most efficient and comprehensive building materials.
– Focus on providing our customers with more vertically integrated building solutions and services rather than separate products
– Offer our customers more reliable, higher quality service and more consistent product quality
– Develop sustainable construction products and services for our customers through innovative research and development
– Offer an array of strong brands
24/7 self-service, Construrama, Multi-products, Ready Slump, Smart Silos, specialized applications, online customer service
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For example: Ready-Mix Concrete
– Self-compacting concrete: increases the life of the building and reduces maintenance and labor costs, energy use, and health risks during construction.
– Porous concrete: allows rainwater to filter through, reducing flooding, helping to prevent skidding on wet roads, and reducing heat concentration by up to 4°C.
– Rapid-setting concrete: a low-carbon alternative to conventional concrete.
– Concrete with high acid resistance: is robust and durable for uses such as cooling towers or for storing silage on livestock farms.
– Antibacterial concrete controls bacteria growth, helping to maintain clean environments. It is used in hospitals, laboratories and farms, for example.
CEMEX tailors its products & services to suit its customers’ specific requirements
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CEMEX is an agile, efficient and innovative company
CEMEX relentlessly searches for new ways to improve its products, services, and processes:
– We share a passion for change; we are continually improving our organization to stay ahead of global trends and developments.
– We are always looking for new opportunities to improve our performance by identifying, sharing, and implementing best practices across our global network of plants and facilities.
– Each of our laboratories works to research and develop innovative building solutions that keep our company, our customers, and our suppliers at the forefront of the industry.
Global Center for Technology and Innovation, comprehensive ready-mix platform, Web-based inventory management system, Shared Services Centers, IT platform, energy management strategy
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Our people are the main driver for our success
Our values are:
– Collaboration. Work with others in a collective pursuit of excellence
– Integrity. Act with honesty, responsibility, and respect at all times
– Leadership. Envision the future and focus our efforts on service, excellence, and competitiveness
We constantly work in order to:
– Attract and retain the best pool of talent in the industry, and to provide them with a satisfying career aligned with their professional objectives
– Strive for excellence in our performance, helping our people achieve their full potential by providing a comprehensive development offering
– Foster a collaborative, inclusive, and innovative work environment
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Sustainability at CEMEX is embedded in our business strategy
Sustainability Model at CEMEX
Our Sustainability Model is based in 3 objectives and focuses on 7 action oriented priorities:
Enhance Our Value Creation• Lead in Sustainable Construction• Low Income Housing & Infrastructure
Manage Our Footprint• Enhance our Carbon Strategy• Excellence in Environmental &
Biodiversity Management
Engage Our Stakeholders• High Priority to Health & Safety• Strengthen local communities• Partnership with Key Stakeholders
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Lost-time injury frequency rate(1)
CO2 emissions per ton reduction (vs. 1990)
Alternative fuels rate
Alternative raw materials rate(2)
Active quarries with rehabilitation plans
Delivering solid results on a global scale
Key Performance Indicator
2.6
20.5%
20.3%
11.8%
85%
0.5
25%
35%
12%
100%
2015
2015
2015
2015
2015
2010 Target Year
7.0
9%
6.6%
9.8%
N/A
2006
(1) For employees only (2) Our target for alternative raw materials rate for 2020 is 15%
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Focus on our core business of cement, aggregates and ready-mix concrete
CEMEX today enjoys an enduring business modelfor continued profitable growth
Provide customers with the best value proposition
Regain our financial flexibility
Maximize our operational efficiency
Foster our sustainable development
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This presentation contains certain forward-looking statements and information relating to CEMEX, S.A.B. de C.V. and its subsidiaries (collectively, “CEMEX”) that are based on the beliefs of its management, as well as assumptions made by and information currently available to CEMEX. Such statements reflect the current views of CEMEX with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the actual results, performance or achievements of CEMEX to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic, political, governmental, and business conditions globally and in the countries in which CEMEX does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or targeted. CEMEX does not intend, and does not assume any obligation, to update these forward-looking statements.
UNLESS OTHERWISE NOTED, ALL FIGURES ARE PRESENTED UNDER MEXICAN GAAP
Copyright CEMEX, S.A.B. de C.V. and its subsidiaries.
Forward looking information