1. Financial analyses
Tars Van Der Vaerent
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2.  Company profile
 Financial analysis.
◦ Overview Net sales
◦ Comparing Q2 & Q3
◦ Financial results
 Conclusions
 Sources
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3.  Leader in cement industry
◦ Cement
◦ Concrete
◦ Asphalt
◦ Aggragates
 Europe
 U.S.
 Asia
 Pacific
 Africa
 Middle-East
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4.  85.000 employees
 70 countries
 Switzerland
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5. Overview Net Sales
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8
7
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Net sales
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(in mln)
4
3
2
1
0
Europe North America Latin America Africa Middle East Asia Pacific
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6. ±% ±%
Group 2011 2010 Like-for-Like
Q3 Q2 Q3 Q2 Q3 Q2 Q3 Q2
Sales of cement in million t 37.2 37.7 35.0 36.8 +6.2 +2.6 +6.1 +2.7
Sales of aggregates in million t 48.2 47.0 45.6 43.7 +8.0 +7.5 +3.3 +1.9
Sales of ready-mix concrete in millin m3 13.0 12.7 12.5 12.4 +3.8 +2.5 +0.4 -1.2
3.3 2.7 3.4 2.8 -3.5 -4.1 -3.5 -4.1
Sales of asphalt in million
Net sales in million 5,318 5,486 5,666 6,161 -6.1 -11.0 +8.2 +2.9
Operating EBITDA in million 1,074 1,144 1,234 1,434 -13.0 -20.2 +1.1 -6.1
Net income in million 418 464 612 545 -31.6 -14.9 -21.0 -0.3
Net income (loss) - shareholders of Holcim Ltd in 356 347 544 399 -34.5 -13.0 -25.0 +0.7
million
Cash flow from operating activities in million 858 609 1,147 1,163 -25.2 -47.6 -14.5 -40.3
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7.  Brisk construction activity
◦ Above-average inflation
 Negative impact EBITDA
 Strong Swiss Franc
 CO2 certificates
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8.  Net sales: -6.7%
◦ Like-for-like: +5.8%
 EBITDA: -16.9%
◦ Like-for-like: -4.4%
 Organic growth: +1.1%
 EBITDA margin: 19.2%
 Net income: -17.9%
 Net income shareholders: -18.5%
 Financial debt: -4.7%
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9.  Healthy
 Economic developments
 Rising costs
 Cost management system
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10. Tars Van Der Vaerent
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11.  http://bcc.nbb.be/BCCIA0101/WEB/actions/SendB2B?&mfref
=201117700188&cdref=20110622009
 http://bcc.nbb.be/BCCIA0101/WEB/actions/Frames?LangInde
x=N
 http://www.holcim.be/nl/pers-ennieuws.html
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