Form 6-K
  ======================================================================================================   

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

For the month of February, 2014

Commission File Number: 001-14946

CEMEX, S.A.B. de C.V.

(Translation of Registrant’s name into English)

 

Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre
  

Garza García, Nuevo León, México 66265

 

(Address of principal executive office)

 

 

  

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F   X      Form 40-F       

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):       

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):       

 

 

  
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Contents

 

1. Press release, dated February 5, 2014, announcing fourth quarter and full year 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

 

2. Fourth quarter and full year 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

 

3. Presentation regarding fourth quarter and full year 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, CEMEX, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

                        CEMEX, S.A.B. de C.V.                                           
                        (Registrant)
Date:   

    February 5, 2014

    By:           /s/ Rafael Garza                                                          
                       Name:  Rafael Garza
                       Title: Chief Comptroller


EXHIBIT INDEX

 

 

EXHIBIT NO.   DESCRIPTION

1.

  Press release, dated February 5, 2014, announcing fourth quarter and full year 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

2.

  Fourth quarter and full year 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

3.

  Presentation regarding fourth quarter and full year 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).
EX-1

Exhibit 1

 

Media Relations

Daniel Suárez

+57 (1) 603-9079

daniel.suarezm@cemex.com

   

Investor Relations

Patricio Treviño

+57 (1) 603-9823

patricio.trevinog@cemex.com

 

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CEMEX LATAM HOLDINGS REPORTS

FOURTH-QUARTER 2013 RESULTS

 

   

CLH reports operating EBITDA year-over-year growth of 12% and 16% during fourth quarter and full year 2013, respectively

 

   

Third consecutive year with double-digit growth in operating EBITDA and net sales on a pro forma basis

BOGOTÁ, COLOMBIA, FEBRUARY 5, 2014 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that consolidated net sales reached US$462 million during the fourth quarter of 2013, an increase of 14% versus the fourth quarter of 2012. Operating EBITDA increased by 12% during the quarter to US$158 million versus the same quarter in 2012.

For the full year 2013 operating EBITDA increased by 16% with a 10% growth in net sales compared to the pro forma 2012. During 2013 operating EBITDA margins increased by 1.8 percentage points reaching 36.2%, compared to 2012.

Carlos Jacks, CEO of CLH, said, “We are pleased with our results in 2013. In just 3 years, on a pro forma basis, we essentially doubled our operating EBITDA generation with an important increase in profitability. Since 2010 we have improved our asset base, reshaped our commercial offer and optimized our cost structure, resulting in sustained value creation for our stakeholders.”

CLH’s Financial and Operational Highlights

 

   

The increase in consolidated net sales during the fourth quarter resulted mainly from higher volumes in most of our markets, along with the effect from our new solutions businesses in Colombia.

 

   

Operating EBITDA growth during 2013 was driven by higher volumes, along with lower maintenance and fuel costs and lower distribution expenses, compared to pro forma 2012. On a year-over-year basis, operating EBITDA margin expansion during 2013 was driven by higher profitability in most of our markets.

 

   

On a consolidated basis, as of the end of 2013, there were close to 290 distributors in the Construrama network. We plan to continue expanding this program going forward and expect more than 500 Construramas in the region during 2015.

 

   

Free cash flow after maintenance capital expenditures reached US$299 million during 2013.

Carlos Jacks, added, “During 2013, CLH consolidated as a supplier of building solutions for the different construction segments and we are encouraged by the results achieved so far. We expect 2014 to be another positive year and are confident that our unique commercial strategy along with our enhanced footprint in our markets will help us reach our full year estimates.”


Consolidated Corporate Results

During 2013, controlling interest net income was a gain of US$264 million.

Net debt decreased to US$1,304 million at the end of 2013.

Geographical Markets Fourth Quarter 2013 Highlights

Operating EBITDA in Colombia increased by 12% to US$119 million versus US$106 million in the fourth quarter of 2012, with an increase of 24% in net sales reaching US$291 million.

In Panama, operating EBITDA decreased 9% to US$25 million during the quarter. Net sales reached US$72 million in the fourth quarter of 2013, an increase of 6% compared with the same period in 2012.

In Costa Rica, operating EBITDA reached US$17 million during the quarter, 40% higher than the same period in 2012. Net sales increased 12% to US$38 million, compared with US$33 million in the fourth quarter of 2012.

In the Rest of CLH net sales in the quarter reached US$64 million. Operating EBITDA in the quarter increased by 5%, versus the comparable period in 2012, reaching US$18 million.

CEMEX Latam Holdings is a regional leader in the building solutions industry that provides high-quality products and reliable service to customers and communities in Colombia, Panama, Costa Rica, Nicaragua, El Salvador, Guatemala, and Brazil. CEMEX Latam Holdings’ mission is to encourage the development of the countries where it operates through innovative building solutions that foster well-being.

###

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of CLH to be materially different from those expressed or implied in this release, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CLH 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, changes derived from events affecting CEMEX, S.A.B de C.V. and subsidiaries (“CEMEX”) 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. CLH assumes no obligation to update or correct the information contained in this press release.

For convenience of the reader the 2012 pro forma consolidated financial information was adjusted to reflect the additional results of the operating subsidiaries for three and twelve month-period ended December 31, 2012 and reflect the 5% corporate charges and royalties agreement entered into by CLH with CEMEX. Operating EBITDA is defined as operating earnings before other expenses, net plus depreciation and operating amortization. Free Cash Flow is defined as operating EBITDA minus net interest expense, maintenance and expansion capital expenditures, change in working capital, taxes paid, and other cash items (net other expenses less proceeds from the disposal of obsolete and/or substantially depleted operating fixed assets that are no longer in operation). All of the above items are presented on a consolidated basis in 2012 based on the financial statements of CLH’s subsidiaries prepared under International Financial Reporting Standards as issued by the International Accounting Standards Board. Operating EBITDA and Free Cash Flow (as defined above) are presented herein because CLH believes that they are widely accepted as financial indicators of CLH’s ability to internally fund capital expenditures and service or incur debt. Operating EBITDA and Free Cash Flow should not be considered as indicators of CLH’s financial performance, as alternatives to cash flow, as measures of liquidity or as being comparable to other similarly titled measures of other companies.

 

2

EX-2

Exhibit 2

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2013

FOURTH QUARTER RESULTS

CEMEX | LATAM HOLDINGS

Stock Listing Information

Colombian Stock Exchange S.A.

Ticker: CLH

Investor Relations

Patricio Treviño Garza

+57 (1) 603-9823

E-mail: patricio.trevinog@cemex.com


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OPERATING AND FINANCIAL HIGHLIGHTS

CEMEX | LATAM HOLDINGS

January – December Fourth Quarter

2013 2012 pro forma % Var. 2013 2012 pro forma % Var.

Consolidated cement volume (thousand of metric tons) 7,357 7,191 2% 1,821 1,758 4%

Consolidated domestic gray cement volume (thousand of metric tons) 6,721 6,612 2% 1,727 1,644 5%

Consolidated ready-mix volume (thousand of cubic meters) 3,237 3,084 5% 795 763 4%

Consolidated aggregates volume (thousand of metric tons) 7,376 6,828 8% 1,920 1,671 15%

Net sales 1,750 1,592 10% 462 404 14%

Gross profit 898 804 12% 230 203 14%

Gross profit margin 51.3% 50.5% 0.8pp 49.8% 50.2% (0.4pp)

Operating earnings before other expenses, net 535 480 12% 130 119 9%

Operating earnings before other expenses, net, margin 30.6% 30.2% 0.4pp 28.1% 29.5% (1.4pp)

Controlling interest net income 264 265 0% 26 88 (70%)

Operating EBITDA 633 548 16% 158 141 12%

Operating EBITDA margin 36.2% 34.4% 1.8pp 34.2% 35.0% (0.8pp)

Free cash flow after maintenance capital expenditures 299 307 (3%) 66 104 (36%)

Free cash flow 256 246 4% 54 77 (29%)

Net debt 1,304 1,557 (16%) 1,304 1,557 (16%)

Total debt 1,381 1,633 (15%) 1,381 1,633 (15%)

Earnings per share 0.47 0.48 0% 0.05 0.16 (70%)

Shares outstanding at end of period 556 556 0% 556 556 0%

Employees 4,383 3,491 26% 4,383 3,491 26%

In millions of US dollars, except percentages, employees, and per-share amounts. Shares outstanding at the end of period are presented in millions.

Consolidated net sales in the fourth quarter of 2013 increased to US$462 million, representing a 14% growth when compared to the fourth quarter of 2012. The increase in net sales during the quarter is mainly explained by higher construction activity driving volume growth in our three products, along with the contribution from our housing solutions projects in Colombia.

Cost of sales as a percentage of net sales increased by 0.4pp during the fourth quarter of 2013 compared with the same period in 2012, from 49.8% to 50.2%. During 2013, cost of sales as a percentage of net sales declined by 0.8pp from 49.5% to 48.7% compared with the pro forma 2012 driven by lower maintenance and fuel costs.

Operating expenses as a percentage of net sales during the fourth quarter of 2013 increased by 0.9pp from 20.8% to 21.7% compared to the same period in 2012, on a pro forma basis. During 2013, operating expenses as a percentage of net sales increased by 0.4pp compared to 2012.

Operating EBITDA during the fourth quarter reached US$158 million, increasing by 12% compared to the pro forma fourth quarter of 2012. This improvement was driven by a positive performance in most of our markets.

Operating EBITDA margin during the fourth quarter declined by 0.8pp, compared to the fourth quarter of 2012 on a pro forma basis. On a year-over-year basis, adjusting for our housing business in Colombia, operating EBITDA margin increased by 0.7pp and by 3.0pp during the fourth quarter and full year 2013, respectively, on a pro forma basis.

Controlling interest net income during the fourth quarter of 2013 reached US$26.4 million.

Total debt at the end of 2013 was US$1,381 million.

Please refer to definition of terms and disclosure for presentation of financial and operating information.

2013 Fourth Quarter Results Page 2


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OPERATING RESULTS

CEMEX | LATAM HOLDINGS

Colombia

January – December Fourth Quarter

2013 2012 pro forma % Var. 2013 2012 pro forma % Var.

Net sales 1,025 907 13% 291 235 24%

Operating EBITDA 424 376 13% 119 106 12%

Operating EBITDA margin 41.3% 41.5% (0.2pp) 40.9% 45.1% (4.2pp)

In millions of US dollars, except percentages.

Domestic gray cement Ready-mix Aggregates

Year-over-year percentage variation January – December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013

Volume 1% 9% 8% 6% 9% 23%

Price (USD) 0% (4%) 3% 0% (6%) (16%)

Price (local currency) 5% 2% 8% 6% (2%) (11%)

In Colombia, during the fourth quarter our domestic gray cement, ready-mix and aggregates volumes increased by 9%, 6% and 23% respectively, compared to the same period in 2012. For the full year, our cement, ready-mix and aggregates volumes increased by 1%, 8% and 9%, respectively compared to 2012.

During the quarter, the residential sector continued to be an important driver of demand, supported by the 100-thousand government-sponsored free-home program. The industrial-and-commercial sector also continued its strong performance during the fourth quarter driven by the positive economic outlook, and the trade agreements signed by Colombia.

Panama

January – December Fourth Quarter

2013 2012 pro forma % Var. 2013 2012 pro forma % Var.

Net sales 310 290 7% 72 68 6%

Operating EBITDA 139 126 10% 25 28 (9%)

Operating EBITDA margin 44.9% 43.5% 1.4pp 34.8% 40.7% (5.9pp)

In millions of US dollars, except percentages.

Domestic gray cement Ready-mix Aggregates

Year-over-year percentage variation January – December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013

Volume 3% (1%) 0% 2% 4% (2%)

Price (USD) 2% 5% 10% 11% 8% 5%

Price (local currency) 2% 5% 10% 11% 8% 5%

In Panama, during the fourth quarter our ready-mix volumes increased by 2%, while our cement and aggregates volumes declined by 1% and by 2% respectively, compared to the same period in 2012. During 2013, our cement and aggregates volumes increased by 3% and 4%, respectively, while our ready-mix volumes remained stable compared to 2012.

The residential sector, along with infrastructure led by the Canal expansion project remained the main drivers for cement demand during the year.

Please refer to definition of terms and disclosure for presentation of financial and operating information.

2013 Fourth Quarter Results Page 3


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OPERATING RESULTS CEMEX | LATAM HOLDINGS

Costa Rica

January – December Fourth Quarter

2013 2012 pro forma % Var. 2013 2012 pro forma % Var.

Net sales 155 133 16% 38 33 12%

Operating EBITDA 69 53 31% 17 12 40%

Operating EBITDA margin 44.6% 39.6% 5.0pp 45.7% 36.8% 8.9pp

In millions of US dollars, except percentages.

Domestic gray cement Ready-mix Aggregates

Year-over-year percentage variation January –December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013

Volume 8% 20% (8%) (9%) (4%) (8%)

Price (USD) 11% 5% 16% 13% (2%) 2%

Price (local currency) 10% 5% 15% 13% (3%) 2%

In Costa Rica, our cement volumes in the fourth quarter increased by 20%, while our ready-mix and aggregates volumes decreased by 9% and 8%, respectively, on a year-over-year basis. For the full year, our cement volumes increased by 8%, while our ready-mix and aggregates volumes declined by 8% and 4%, respectively, compared to 2012.

During the fourth quarter we continued to see a strong performance in our cement volumes driven by the infrastructure sector. Our ready-mix and aggregates volumes during 2013 were affected by the conclusion of several projects.

Rest of CLH

January – December Fourth Quarter

2013 2012 pro forma % Var. 2013 2012 pro forma % Var.

Net sales 275 277 (1%) 64 71 (9%)

Operating EBITDA 77 73 6% 18 17 5%

Operating EBITDA margin 28.0% 26.3% 1.7pp 27.6% 23.9% 3.7pp

In millions of US dollars, except percentages.

Domestic gray cement Ready-mix Aggregates

Year-over-year percentage variation January – December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013 January – December 2013 Fourth Quarter 2013

Volume (1%) (6%) 1% (1%) 29% (7%)

Price (USD) 1% (2%) 5% 3% 10% 3%

Price (local currency) 5% 2% 8% 5% 15% 9%

In the Rest of CLH region, which includes our operations in Nicaragua, Guatemala, El Salvador and Brazil, our domestic gray cement, ready-mix and aggregates volumes during the fourth quarter declined by 6%, 1% and 7%, respectively, compared to the same period in 2012. For the full year, ready-mix and aggregates volumes increased by 1% and 23% respectively, while our cement volumes declined by 1%, compared to 2012.

During the fourth quarter, the positive performance in our cement volumes in Nicaragua and El Salvador, was offset by weak demand conditions in our operations in Brazil and Guatemala.

Please refer to definition of terms and disclosure for presentation of financial and operating information.

2013 Fourth Quarter Results Page 4


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OPERATING EBITDA, FREE CASH FLOW AND DEBT RELATED INFORMATION CEMEX | LATAM HOLDINGS

Operating EBITDA and free cash flow

January – December Fourth Quarter

2013 2012 pro forma % Var 2013 2012 pro forma % Var

Operating earnings before other expenses, net 535 480 12% 130 119 9%

+ Depreciation and operating amortization 98 68 28 22

Operating EBITDA 633 548 16% 158 141 12%

- Net financial expense 114 117 27 35

- Capital expenditures for maintenance 51 41 29 24

- Change in working capital 35 21 (8) (35)

- Taxes paid 118 70 33 27

- Other cash items (net) 16 (8) 11 (14)

Free cash flow after maintenance capital expenditures 299 307 (3%) 66 104 (36%)

- Strategic capital expenditures 43 62 12 27

Free cash flow 256 246 4% 54 77 (29%)

In millions of US dollars.

The free cash flow generated during the quarter was mainly used to reduce debt.

Information on Debt

Fourth Quarter Third Quarter Fourth Quarter

2013 2012 % Var 2013 2013 2012

Total debt (1) 1,381 1,633 (15%) 1,424 Currency denomination

Short-term 19% 8% 12% US dollar 98% 98%

Long – Term 81% 92% 88% Colombian peso 2% 2%

Cash and cash equivalents 77 76 1% 79 Interest rate

Net debt 1,304 1,557 (16%) 1,345 Fixed 81% 85%

Variable 19% 15%

In millions of US dollars, except percentages.

(1)Includes capital leases, in accordance with International Financial Reporting Standards (IFRS).

Please refer to definition of terms and disclosure for presentation of financial information.

2013 Fourth Quarter Results Page 5


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OPERATING RESULTS

CEMEX | LATAM HOLDINGS

Income statement & balance sheet

CEMEX Latam Holdings, S.A. and Subsidiaries

(Thousands of U.S. Dollars, except per share amounts)

January – December Fourth Quarter

2013 2012 pro forma % Var.

2013 2012 pro forma % Var.

Net Sales 1,750,116 1,591,748 10% 462,351 403,803 14%

Cost of Sales (852,161) (787,930) (8%) (231,931) (200,907) (15%)

Gross Profit 897,955 803,818 12% 230,420 202,896 14%

Operating Expenses (362,659) (323,804) (12%) (100,549) (83,872) (20%)

Operating Earnings Before Other Expenses, Net 535,296 480,014 12% 129,871 119,024 9%

Other expenses, Net (15,742) (2,885) (446%) (11,068) (1,012) (994%)

Operating Earnings 519,554 477,129 9% 118,803 118,012 1%

Financial Expenses (113,763) (117,262) 3% (26,977) (38,016) 29%

Other Income (Expenses), Net (3,228) 50,314 N/A 1,681 28,261 (94%)

Net Income Before Income Taxes 402,563 410,181 (2%) 93,507 108,257 (14%)

Income Tax (137,837) (144,535) 5% (67,350) (19,775) (241%)

Consolidated Net Income 264,726 265,646 (0%) 26,157 88,482 (70%)

Non-controlling Interest Net Income (624) (847) (26%) 263 (683) N/A

CONTROLLING INTEREST NET INCOME 264,102 264,799 (0%) 26,420 87,799 (70%)

Operating EBITDA 632,681 547,621 16% 158,268 141,202 12%

Earnings per share 0.47 0.48 (0%) 0.05 0.16 (70%)

As of Dec 31 As of Dec 31

2013 2012

Total Assets 3,836,312 3,937,989

Cash and Temporary Investments 76,691 75,902

Trade Accounts Receivables 164,195 97,128

Other Receivables 86,022 63,506

Inventories 103,683 93,147

Other Current Assets 19,227 21,209

Current Assets 449,818 350,893

Fixed Assets 1,205,574 1,229,803

Other Assets 2,180,920 2,357,293

Total Liabilities 2,478,332 2,712,371

Current Liabilities 641,873 463,042

Long-Term Liabilities 1,824,316 2,230,085

Other Liabilities 12,143 19,245

Consolidated Stockholders’ Equity 1,357,980 1,225,618

Non-controlling Interest 14,989 6,334

Stockholders’ Equity Attributable to Controlling Interest 1,342,991 1,219,285

Please refer to definition of terms and disclosure for presentation of financial information.

2013 Fourth Quarter Results

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OPERATING RESULTS

CEMEX | LATAM HOLDINGS

Income statement & balance sheet

CEMEX Latam Holdings, S.A. and Subsidiaries

(Millions of Colombian Pesos in nominal terms, except per share amounts)

January – December Fourth Quarter

2013 2012 pro forma % Var. 2013 2012 pro forma % Var.

Net Sales 3,289,388 2,863,117 15% 885,060 729,006 21%

Cost of Sales (1,601,659) (1,417,269) (13%) (443,976) (362,708) 22%

Gross Profit 1,687,729 1,445,848 17% 441,084 366,298 20%

Operating Expenses, net (681,627) (582,434) (17%) (192,477) (151,417) (27%)

Operating Earnings Before Other Expenses, Net 1,006,102 863,414 17% 248,607 214,881 16%

Other Expenses, Net (29,587) (5,189) (470%) (21,187) (1,827) (1,060%)

Operating Earnings 976,515 858,225 14% 227,420 213,054 7%

Financial Expenses (213,820) (210,922) (1%) (51,641) (68,632) 25%

Other Income (Expenses) Financial, net (6,067) 90,501 107% 3,218 51,021 94%

Net Income Before Income Taxes 756,628 737,804 3% 178,997 195,443 (8%)

Income Tax (259,068) (259,979) 0% (128,925) (35,701) (261%)

Consolidated Net Income 497,560 477,825 4% 50,072 159,742 (69%)

Non-controlling Interest Net Income (1,173) (1,524) (23%) 503 (1,233) (141%)

CONTROLLING INTEREST NET INCOME 496,387 476,301 4% 50,575 158,509 (68%)

Operating EBITDA 1,189,140 985,020 21% 302,966 254,919 19%

Earnings per share 892.69 856.57 4% 91 285 (68%)

As of Dec 31 As of Dec 31 2013 2012

Total Assets 7,391,922 6,963,269

Cash and Temporary Investments 147,771 134,212

Trade Accounts Receivables 316,376 171,745

Other Receivables 165,750 112,293

Inventories 199,780 164,705

Other Current Assets 37,047 37,503

Current Assets 866,724 620,458

Fixed Assets 2,322,936 2,174,575

Other Assets 4,202,262 4,168,236

Total Liabilities 4,775,325 4,796,098

Current Liabilities 1,236,780 818,765

Long-Term Liabilities 3,515,147 3,943,303

Other Liabilities 23,398 34,030

Consolidated Stockholders’ Equity 2,616,597 2,167,171

Non-controlling Interest 28,882 11,199

Stockholders’ Equity Attributable to Controlling Interest 2,587,715 2,155,972

Please refer to definition of terms and disclosure for presentation of financial information.

2013 Fourth Quarter Results

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OPERATING RESULTS

CEMEX LATAM HOLDINGS

Operating Summary per Country

In thousands of U.S. dollars. EBITDA margin as a percentage of net sales.

January – December Fourth Quarter

NET SALES 2013 2012 pro forma % Var. 2013 2012 pro forma % Var.

Colombia 1,025,201 907,477 13% 290,532 234,551 24%

Panama 310,116 289,795 7% 72,462 68,425 6%

Costa Rica 154,819 132,893 16% 37,578 33,405 12%

Rest of CLH 275,062 276,588 (1%) 64,474 70,914 (9%)

Others and intercompany eliminations (15,082) (15,005) 1% (2,695) (3,492) (23%)

TOTAL 1,750,116 1,591,748 10% 462,351 403,803 14%

GROSS PROFIT

Colombia 550,730 506,343 9% 151,365 134,287 13%

Panama 154,911 138,907 12% 30,193 28,893 4%

Costa Rica 84,335 69,879 21% 20,801 16,917 23%

Rest of CLH 96,886 89,219 9% 23,087 21,941 5%

Others and intercompany eliminations 11,093 (530) N/A 4,974 858 480%

TOTAL 897,955 803,818 12% 230,420 202,896 14%

OPERATING EARNINGS BEFORE OTHER EXPENSES, NET

Colombia 385,983 346,722 11% 104,921 96,531 9%

Panama 121,574 108,552 12% 20,925 23,353 (10%)

Costa Rica 61,447 44,895 37% 15,230 10,541 44%

Rest of CLH 71,989 66,360 8% 16,548 15,625 6%

Others and intercompany eliminations (105,697) (86,515) 22% (27,753) (27,026) 3%

TOTAL 535,296 480,014 12% 129,871 119,024 9%

OPERATING EBITDA

Colombia 423,525 376,317 13% 118,842 105,731 12%

Panama 139,182 125,994 10% 25,252 27,838 (9%)

Costa Rica 69,054 52,681 31% 17,155 12,278 40%

Rest of CLH 76,903 72,708 6% 17,779 16,959 5%

Others and intercompany eliminations (75,983) (80,079) (5%) (20,760) (21,604) (4%)

TOTAL 632,681 547,621 16% 158,268 141,202 12%

OPERATING EBITDA MARGIN

Colombia 41.3% 41.5% 40.9% 45.1%

Panama 44.9% 43.5% 34.8% 40.7%

Costa Rica 44.6% 39.6% 45.7% 36.8%

Rest of CLH 28.0% 26.3% 27.6% 23.9%

TOTAL 36.2% 34.4% 34.2% 35.0%

Please refer to definition of terms and disclosure for presentation of financial information.

2013 Fourth Quarter Results

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OPERATING RESULTS

CEMEX LATAM HOLDINGS

Volume Summary

CLH volume summary

Cement and aggregates: Thousands of metric tons.

Ready-mix: Thousands of cubic meters.

January – December Fourth Quarter

2013 2012 % Var. 2013 2012 % Var.

Total cement volume 1 7,357 7,191 2% 1,821 1,758 4%

Total domestic gray cement volume 6,721 6,612 2% 1,727 1,644 5%

Total ready-mix volume 3,237 3,084 5% 795 763 4%

Total aggregates volume 7,376 6,828 8% 1,920 1,671 15%

Per-country volume summary

January - December Fourth Quarter Fourth Quarter 2013 Vs.

DOMESTIC GRAY CEMENT VOLUME 2013 Vs. 2012 2013 Vs. 2012 Third Quarter 2013

Colombia 1% 9% 3%

Panama 3% (1%) (12%)

Costa Rica 8% 20% 3%

Rest of CLH (1%) (6%) (0%)

READY-MIX VOLUME

Colombia 8% 6% (12%)

Panama (0%) 2% (16%)

Costa Rica (8%) (9%) (24%)

Rest of CLH 1% (1%) 1%

AGGREGATES VOLUME

Colombia 9% 23% (5%)

Panama 4% (2%) (14%)

Costa Rica (4%) (8%) (19%)

Rest of CLH 29% (7%) (13%)

1 Consolidated cement volume includes domestic and export volume of gray cement, white cement, special cement, mortar and clinker.

Please refer to definition of terms and disclosure for presentation of operating results.

2013 Fourth Quarter Results

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OPERATING RESULTS

CEMEX LATAM HOLDINGS

Price Summary

Variation in U.S. Dollars

January - December Fourth Quarter Fourth Quarter 2013 Vs.

DOMESTIC GRAY CEMENT PRICE 2013 Vs. 2012 2013 Vs. 2012 Third Quarter 2013

Colombia 0% (4%) (0%)

Panama 2% 5% 1%

Costa Rica 11% 5% (3%)

Rest of CLH (*) 1% (2%) (1%)

READY-MIX PRICE

Colombia 3% (0%) (0%)

Panama 10% 11% (3%)

Costa Rica 16% 13% 1%

Rest of CLH (*) 5% 3% (2%)

AGGREGATES PRICE

Colombia (6%) (16%) (8%)

Panama 8% 5% 0%

Costa Rica (2%) 2% (2%)

Rest of CLH (*) 10% 3% (2%)

Variation in Local Currency

January - December Fourth Quarter Fourth Quarter 2013 Vs.

DOMESTIC GRAY CEMENT PRICE 2013 Vs. 2012 2013 Vs. 2012 Third Quarter 2013

Colombia 5% 2% (0%)

Panama 2% 5% 1%

Costa Rica 10% 5% (3%)

Rest of CLH (*) 5% 2% (2%)

READY-MIX PRICE

Colombia 8% 6% (0%)

Panama 10% 11% (3%)

Costa Rica 15% 13% 1%

Rest of CLH (*) 8% 5% (2%)

AGGREGATES PRICE

Colombia (2%) (11%) (8%)

Panama 8% 5% 0%

Costa Rica (3%) 2% (2%)

Rest of CLH (*) 15% 9% (1%)

(*) Volume weighted-average price.

Please refer to definition of terms and disclosure for presentation of operating results.

2013 Fourth Quarter Results

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OTHER ACTIVITIES AND INFORMATION

CEMEX LATAM HOLDINGS

CEMEX Latam Holdings opens new cement grinding plant in Colombia

On November 25, 2013, CLH announced that it opened a new cement grinding plant, located in the municipality of Clemencia in the Caribbean coast in Colombia. This grinding facility represented an investment of approximately U.S.$50 million and has an annual production capacity of 450,000 metric tons of cement.

The plant, which during its construction phase generated 500 indirect jobs, operates using modern and efficient technology with high quality and environmental standards. This facility supplies cement to the markets on the Caribbean coast in Colombia.

Carlos Jacks, CEO of CLH said: “This investment reflects our commitment to participate in the development of Colombia creating new job opportunities and increasing well-being in our communities. With the construction of this grinding facility we are enhancing our position in a region with attractive growth prospects supported by high levels of construction activity.”

The municipality of Clemencia and neighboring communities will also benefit from several social initiatives like Bloqueras Solidarias, a program intended to reduce poverty levels by offering a social solution for families to improve or build their house with concrete blocks manufactured by them; the program for the improvement of infrastructure in the community; the program Sembrando Futuro, focused on environmental restoration; the construction of a community center; community training and education programs, among others.

2013 Fourth Quarter Results

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DEFINITIONS OF TERMS AND DISCLOSURES

CEMEX LATAM HOLDINGS

Methodology for translation and presentation of results

Under IFRS, CLH reports its consolidated results in its functional currency, which is the US Dollar, by translating the financial statements of foreign subsidiaries using the corresponding exchange rate at the reporting date for the balance sheet and the corresponding exchange rates at the end of each month for the income statement.

For the reader’s convenience, Colombian peso amounts for the consolidated entity are calculated by converting the US dollar amounts using the closing COP/US$ exchange rate at the reporting date for balance sheet purposes, and the average COP/US$ exchange rate for the corresponding period for income statement purposes. The exchange rates used to convert: (i) the balance sheet as of December 31, 2013 was $1,926.83 Colombian pesos per US dollar, and (ii) the consolidated results for the fourth quarter of 2013 and pro forma result for the fourth quarter of 2012 were $1,914.26 and $1,805.35 Colombian pesos per US dollar, respectively.

Per-country/region selected financial information of the income statement is presented before corporate charges and royalties which are included under “other and intercompany eliminations.”

Consolidated and combined financial information

When reference is made to consolidated financial information means the financial information of CLH together with its consolidated subsidiaries. When reference is made to combined financial information means the financial information of CLH’s subsidiaries on a combined basis.

Presentation of financial and operating information

Individual information is provided for Colombia, Panama and Costa Rica.

Countries in Rest of CLH include Nicaragua, Guatemala, El Salvador and Brazil.

Pro forma financial information included in the report

CLH was incorporated during the second quarter of 2012 for purposes of the initial equity offering concluded on November 15, 2012. For accounting purposes, the group reorganization pursuant to which CLH acquired its consolidated subsidiaries was effective July 1, 2012. As a result, CLH has no historical consolidated financial information for the first and second quarter of 2012.

For convenience of the reader, and in order to present comprehensive comparative operating information for the three and twelve-month periods ended December 31, 2013, CLH prepared pro forma selected consolidated income statement information for the three and twelve-month periods ended December 31, 2012, intended in all cases and to the extent possible, to present the operating performance of CLH on a like-to-like basis.

Pro forma 2012 and fourth quarter 2012: CLH selected consolidated income statement information for the three and twelve-months periods ended December 31, 2012, was determined by reflecting the original results of the operating subsidiaries for three and twelve-month periods ended December 31, 2012. In addition, in connection with the 5% corporate charges and royalties agreements entered into by CLH with CEMEX and that was executed during the last quarter of 2012 with retroactive effects for full year 2012, the consolidated pro forma condensed income statement information of CLH for the three and twelve-month periods ended December 31, 2012 was adjusted to reflect the 5% consolidated corporate charges and royalties.

Exchange rates January – December January – December Fourth quarter

2013 2012 2013 2012 2013 2012

Closing Closing Average Average Average Average

Colombian peso 1,926.83 1,768.23 1,879.53 1,798.73 1,914.26 1,805.35

Panama balboa 1 1 1 1 1 1

Costa Rica colon 507.80 514.32 505.89 508.28 506.32 506.91

Euro 0.7268 0.7576 0.7511 0.7750 0.7300 0.7665

Amounts provided in units of local currency per US dollar.

2013 Fourth Quarter Results

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DEFINITIONS OF TERMS AND DISCLOSURES

CEMEX LATAM HOLDINGS

Pro forma Earnings per Share (“Pro forma EPS”)

CLH was incorporated in April 2012 and its relevant share capital was contributed by CEMEX España on July 31, 2012 and by third-party investors on November 6, 2012. Therefore, there are no regular quarterly periods for 2012 in order to determine the average number of shares outstanding as indicated under IFRS for purposes of presenting Earnings per Share amounts.

Volumes and prices

Considering the limitations of historical information described above, CLH changes in volumes and prices, presented for convenience of the reader, consider volumes and average prices on a pro forma basis for the year ended December 31, 2012.

Definition of terms

Free cash flow equals operating EBITDA minus net interest expense, maintenance and strategic capital expenditures, change in working capital, taxes paid, and other cash items (net other expenses less proceeds from the disposal of obsolete and/or substantially depleted operating fixed assets that are no longer in operation).

Maintenance capital expenditures investments incurred for the purpose of ensuring the company’s operational continuity. These include capital expenditures on projects required to replace obsolete assets or maintain current operational levels, and mandatory capital expenditures, which are projects required to comply with governmental regulations or company policies.

Net debt equals total debt minus cash and cash equivalents.

Operating EBITDA equals operating earnings before other expenses, net, plus depreciation and operating amortization.

pp equals percentage points.

Strategic capital expenditures investments incurred with the purpose of increasing the company’s profitability. These include capital expenditures on projects designed to increase profitability by expanding capacity, and margin improvement capital expenditures, which are projects designed to increase profitability by reducing costs.

Working capital equals operating accounts receivable (including other current assets received as payment in kind) plus historical inventories minus operating payables.

2013 Fourth Quarter Results

Page 13

EX-3

Exhibit 3

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4Q13 RESULTS

February 5, 2013


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Forward looking information

This presentation contains certain forward-looking statements and information relating to CEMEX Latam Holdings, S.A. and its subsidiaries (collectively,

“CLH”) that are based on its knowledge of present facts, expectations and projections, circumstances and assumptions about future events. Many factors could cause the actual results, performance or achievements of CLH 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 CLH and CEMEX, S.A.B. de C.V. and its subsidiaries (“CEMEX”) operate, CLH´s ability to comply with the framework agreement signed with CEMEX, CEMEX’s ability to comply with the terms and obligations of the facilities agreement entered into with major creditors and other debt agreements, CLH and CEMEX’s ability to achieve anticipated cost savings, changes in interest rates, changes in inflation rates, changes in exchange rates, the cyclical activity of the construction sector generally, changes in cement demand and prices, CLH and CEMEX’s ability to benefit from government economic stimulus plans, changes in raw material and energy prices, changes in business strategy, changes in the prevailing regulatory framework, natural disasters and other unforeseen events 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. Forward-looking statements are made as of the date hereof, and CLH does not intend, nor is it obligated, to update these forward-looking statements, whether as a result of new information, future events or otherwise.

UNLESS OTHERWISE NOTED, ALL CONSOLIDATED AND COMBINED FIGURES ARE PRESENTED IN DOLLARS AND ARE BASED ON THE FINANCIAL STATEMENTS OF EACH COUNTRY PREPARED UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS. FOR CONVENIENCE OF THE READER, SELECTED CONSOLIDATED AND COMBINED FINANCIAL INFORMATION FOR THE YEAR 2012 AND THE

FOURTH QUARTER OF 2012 HAS BEEN PREPARED ON A PRO FORMA BASIS.

Copyright CEMEX Latam Holdings, S.A. and its subsidiaries.


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RESULTS

HIGHLIGHTS

4Q13 RESULTS


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Financial results summary

Net Sales Operating EBITDA (US$M) (US$M)

1,750

1,592 ƒ Double-digit growth in net sales and 633 EBITDA during 4Q13 and 2013

548 on a year-over-year 462 basis

404

158 141

2012 2013 4Q12 4Q13 2012 2013 4Q12 4Q13


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Financial results summary

Operating EBITDA Margin %

+1.8pp

-0.8pp

36.2%

35.0%

34.4% 34.2%

2012 2013 4Q12 4Q13

EBITDA margin expansion of 1.8pp during 2013 vs. 2012

Adjusting for our housing solutions projects in Colombia, EBITDA margin increased by 3.0pp during 2013 vs. 2012


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Financial results summary

Operating EBITDA* (US$M)

633

548 In 3 years operating EBITDA has almost doubled, on a pro-forma basis

379 EBITDA margin expansion of +6.7pp since 2010

320

(Adjusting for Housing Business in Colombia)

2010 2011 2012 2013

*EBITDA for 2010, 2011 and 2012 is shown on a pro forma basis adjusted to reflect corporate & royalties charges equivalent to 5% of net sales for the corresponding period.


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CLH: volumes and prices

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

Volume 2% 5% (1%) Domestic Price (USD) 1% (2%) 0% gray cement Price (LtL1) 5% 3% 0%

Volume 5% 4% (12%) Ready-mix Price (USD) 5% 3% (1%) concrete Price (LtL1) 9% 7% (1%)

Volume 8% 15% (8%)

Aggregates Price (USD) (4%) (11%) (6%)

Price (LtL1) 0% (7%) (6%)

(1)

 

Like-to-like prices adjusted for foreign-exchange fluctuations

We reached several volume records in our operations during 2013

Colombia in all three products

Cement and aggregates in Panama and Nicaragua

Cement in Costa Rica, in the past 5 years


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CLH: volumes and prices

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

Volume 2% 5% (1%) Domestic Price (USD) 1% (2%) 0% gray cement Price (LtL1) 5% 3% 0%

Volume 5% 4% (12%) Ready-mix Price (USD) 5% 3% (1%) concrete Price (LtL1) 9% 7% (1%)

Volume 8% 15% (8%)

Aggregates Price (USD) (4%) (11%) (6%)

Price (LtL1) 0% (7%) (6%)

(1)

 

Like-to-like prices adjusted for foreign-exchange fluctuations

Our positive pricing dynamics during 2013 vs. 2012 were supported by

Our commercial strategies

Our value-before-volume initiative


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CLH: volumes and prices

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

Volume 2% 5% (1%) Domestic Price (USD) 1% (2%) 0% gray cement Price (LtL1) 5% 3% 0%

Volume 5% 4% (12%) Ready-mix Price (USD) 5% 3% (1%) concrete Price (LtL1) 9% 7% (1%)

Volume 8% 15% (8%)

Aggregates Price (USD) (4%) (11%) (6%)

Price (LtL1) 0% (7%) (6%)

(1)

 

Like-to-like prices adjusted for foreign-exchange fluctuations

Our positive volume performance during 4Q13 vs. 4Q12 was driven by:

ƒ Strong construction activity in Colombia

ƒ Infrastructure projects in Costa Rica

ƒ Continued positive trend in ready mix in Guatemala


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CLH: volumes and prices

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

Volume 2% 5% (1%) Domestic Price (USD) 1% (2%) 0% gray cement Price (LtL1) 5% 3% 0%

Volume 5% 4% (12%) Ready-mix Price (USD) 5% 3% (1%) concrete Price (LtL1) 9% 7% (1%)

Volume 8% 15% (8%)

Aggregates Price (USD) (4%) (11%) (6%)

Price (LtL1) 0% (7%) (6%)

(1)

 

Like-to-like prices adjusted for foreign-exchange fluctuations

Cement prices remained stable in 4Q13 compared to 3Q13

Decline in our aggregates price in 4Q13 compared to 3Q13 resulted mainly from a product mix effect in Colombia


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2013 Achievements

Lower variable costs in our cement operations mainly attributed to lower fuel costs and lower maintenance

Reduction in distribution expenses is driven by our initiatives to optimize our network

4Q13 vs. 4Q12

Reduction in variable cost of more than US$3 per ton of cement

2013 vs. 2012

Fuel bill declined by 10% on a per-ton-of-cement basis


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2013 Achievements

2013 2010

Cement plants Ready mix plants Distribution centers

In Colombia since 2010…

We more than doubled our number of ready mix plants

We also doubled our ready mix fleet and increased by 84% the number of our cement trucks

We increased the number of our distribution centers from 4 to 8

New grinding mill on Caribbean Coast started operations late 2013


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BUILDING SOLUTIONS

4Q13 RESULTS


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Building Solutions—Housing

354

In Colombia

159

1,203 In 2013 we participated in the 3,000 construction of about 6,000 houses

1,430

85% of construction of these projects 616 347 completed in 2013

306

In Costa Rica and Panama

We contracted close to 1,400 houses in past years with close to 650 units already built


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Building Solutions-Infrastructure

Nicaragua-“Empalme-Nejapa-Puerto-Sandino” Highway

CLH to supply 56,000 cubic meters of ready mix

This volume is equivalent to 50% of our annual volume in the country

Costa Rica – Canas to Liberia Highway

CLH to supply 150,000 tons of cement for largest road infrastructure project in the country

Colombia

5 PPP projects have been filed and are currently under review


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Building Solutions: CONSTRURAMA

As of 2013, close to 290 Construramas in CLH

On a consolidated basis, more than 500 Construramas are expected by 2015

In Colombia 60% of our cement bags are being sold through the Construrama network


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REGIONAL

HIGHLIGHTS

4Q13 RESULTS


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Result Highlights Colombia


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Colombia – Results Highlights

2012

US$ M 2013 % var 4Q13 Proforma

Net Sales 1,025 907 13% 291 Op. EBITDA 424 376 13% 119 as % net sales 41.3% 41.5% (0.2pp) 40.9%

VOLUME 2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

Cement 1% 9% 3% Ready mix 8% 6% (12%) Aggregates 9% 23% (5%)

PRICE (LC) 2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

Cement 5% 2% 0% Ready mix 8% 6% 0% Aggregates (2%) (11%) (8%)

4Q12

% var Proforma

235 24%

106 12%

45.1% (4.2pp)

Volume growth in all three products during 4Q13, compared to 4Q12 was driven by

Residential Sector

Industrial & Commercial Sectors

Adjusting for our housing business, EBITDA margin reached 44.1% during 2013


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Colombia – Residential Sector

Residential sector during 2H13 benefited from the 100,000 free-home government-sponsored program

2014

Announced subsidies program to continue supporting construction activity

Our volumes to formal residential sector expected to grow by a mid-single digit rate


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Colombia – Industrial & Commercial Sectors

I & C Building permits* 2014

+87% Warehouses ƒ Our volumes to I&C expected to grow

+74% Offices by high-single digit rate

+40% Industrial

2014

Our volumes to I&C expected to grow by high-single digit rate

*Growth Jan-Oct 2013 vs Jan -Oct 2012


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Colombia-Infrastructure Sector

New Infrastructure Law approved in 2013

Goal of 300 km of

double-lane highway 2014 construction during Our volumes to infrastructure sector expected to 2014 increase by high-single digit rate

Potential use of funds under “Fondo de Regalías” by local governments


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RESULTS HIGHLIGHTS PANAMA


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Panama – Results Highlights

2012 4Q12

US$ M 2013 % var 4Q13 % var Proforma Proforma

Net Sales 310 290 7% 72 68 6% Op. EBITDA 139 126 10% 25 28 (9%) as % net sales 44.9% 43.5% 1.4pp 34.8% 40.7% (5.9pp)

VOLUME 2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

Positive volume & price dynamics during Cement 3% (1%) (12%) 2013 in all of our products, compared to 2012

Ready mix 0% 2% (16%)

Aggregates 4% (2%) (14%) EBITDA margin contraction in 4Q13 vs.

PRICE (LC) 2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13 4Q12 explained by higher maintenance expenses

Cement 2% 5% 1%

Expect margins to recover going forward

Ready mix 10% 11% (3%)

Aggregates 8% 5% 0%


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Panama – Results Highlights

Middle-income 2014 residential

Expect positive performance in residential and and infrastructure main industrial & commercial sectors drivers of demand in 4Q13


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Results Highlights Costa Rica


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Costa Rica – Results Highlights

US$ M

Net Sales Op. EBITDA as % net sales

VOLUME

Cement Ready mix Aggregates

PRICE (LC)

Cement Ready mix Aggregates

2012

2013 % var 4Q13 Proforma

155 133 16% 38

69 53 31% 17

44.6% 39.6% 5.0pp 45.7%

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

8% 20% 3% (8%) (9%) (24%) (4%) (8%) (19%)

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

10% 5% (3%) 15% 13% 1% (3%) 2% (2%)

4Q12

% var Proforma

33 12%

12 40%

36.8% 8.9pp

Strong cement volume growth 4Q13 vs. 4Q12 supported by infrastructure Lower ready-mix and aggregates volumes 4Q13 vs. 4Q12 explained by:

Delays in projects like Guanacaste province

Completion of hydroelectric project

EBITDA margin expansion of 8.9pp in 4Q13 vs. 4Q12 is driven by

Higher prices in all of our three products

Lower corporate expenses

Product mix effect


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Costa Rica—Summary

2014 2014

Our cement volumes to be driven by infrastructure

Our ready-mix and aggregates

volumes to benefit from:

Hotel projects in Guanacaste

Industrial & commercial and housing projects in San Jose


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Results Highlights Rest of CLH


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Rest of CLH—Summary

US$ M

Net Sales Op. EBITDA as % net sales

VOLUME

Cement Ready mix Aggregates

PRICE (LC)

Cement Ready mix Aggregates

2012 4Q12

2013 % var 4Q13 % var Proforma Proforma

275 277 (1%) 64 71 (9%)

77 73 6% 18 17 5%

28.0% 26.3% 1.7pp 27.6% 23.9% 3.7pp

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

(1%) (6%) 0%

1% (1%) 1% 29% (7%) (13%)

2013 vs. 2012 4Q13 vs. 4Q12 4Q13 vs. 3Q13

5% 2% (2%)

8% 5% (2%) 15% 9% (1%)

Positive pricing dynamics in 2013 vs. 2012 in all of our 3 products

EBITDA margin expansion of 3.7pp in 4Q13 vs. 4Q12 driven by improved profitability in most markets


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Rest of CLH—Summary

Promising construction sector outlook:

Continuation of refinery “Supremo Sueño de Bolivar” in Nicaragua

New projects like the 253-MW Tumarin hydroelectric dam in Nicaragua

Commercial projects in Guatemala City


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FREE CASH FLOW

4Q13 RESULTS


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Free cash flow

January – December Fourth Quarter 2012 2012

Millions of US dollars 2013 2013

Proforma Proforma

Operating EBITDA 633 548 158 141

- Net Financial Expense 114 117 27 35

- Maintenance Capex 51 41 29 24

- Change in Working Cap 35 21 (8) (35)

- Taxes Paid 118 70 33 27

- Other Cash Items (net) 16 (8) 11 (14) Free Cash Flow after 299 307 66 104 Maint.Capex

- Strategic Capex 43 62 12 27 Free Cash Flow 256 246 54 77

During 2013 net debt was reduced by than US $250 million


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2014

Guidance

4Q13 RESULTS


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2014 Guidance

Volume Cement Ready-Mix Aggregates

YoY %

On a consolidated basis, we expect our

Colombia 6% 8% 6%

cement, ready-mix and aggregates volumes to increase by 3%, 5% and 2%, respectively

Panama (10%) (8%) (10%)

Maintenance capital expenditures are expected to be US$44 million

Costa Rica 6% 6% 6%


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Appendix

4Q13 RESULTS


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Consolidated debt maturity profile

694

Total debt as of December 31, 2013 US$ 1,381 million

US$ million

256

143 143 143

2014

2015

2016

2017

2018


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Additional information on debt

Fourth Quarter Fourth Quarter Third Quarter

Millions of US dollars 2013 2012 2013

Total debt 1,381 1,633 1,424 Short-term 19% 8% 12% Long-term 81% 92% 88% Cash and cash

77 76 79 equivalents Net debt 1,304 1,557 1,345

Fourth Quarter Fourth Quarter

Currency

2013 2012

Denomination

US Dollar 98% 98% Colombian Peso 2% 2% Interest rate Fixed 81% 85% Variable 19% 15%


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Definitions

Cement: When providing cement volume variations, refers to domestic gray cement operations.

LC: Local currency.

Like-to-like percentage variation (l-t-l % var): Percentage variations adjusted for investments/divestments and currency fluctuations.

Maintenance capital expenditures: investments incurred for the purpose of ensuring the company’s operational continuity. These include capital expenditures on projects required to replace obsolete assets or maintain current operational levels, and mandatory capital expenditures, which are projects required to comply with governmental regulations or company policies.

Operating EBITDA: Operating earnings before other expenses, net plus depreciation and operating amortization.

pp: percentage points.

Rest of CLH: includes Brazil, Guatemala, El Salvador and Nicaragua.

Strategic capital expenditures: investments incurred with the purpose of increasing the company’s profitability. These include capital expenditures on projects designed to increase profitability by expanding capacity, and margin improvement capital expenditures, which are projects designed to increase profitability by reducing costs.


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Presentation of pro forma financial information

For convenience of the reader, and in order to present comprehensive comparative operating information for the three and twelve-month periods ended December 31, 2013, CLH prepared pro forma selected consolidated income statement information for the three and twelve-month periods ended December 31, 2012, intended in all cases and to the extent possible, to present the operating performance of CLH on a like-to-like basis.

Pro forma 2012 and fourth quarter 2012: CLH selected consolidated income statement information for the three and twelve-month periods ended December 31, 2012, was determined by reflecting the original results of the operating subsidiaries for the three and twelve-month periods ended December 31, 2012. In addition, in connection with the 5% corporate charges and royalties agreement entered into by CLH with CEMEX and that was executed during the last quarter of 2012 with retroactive effects for full year 2012, the consolidated pro forma condensed income statement information of CLH for the three and twelve-month periods ended December 31, 2012 was adjusted to reflect the 5% consolidated corporate charges and royalties.

Volumes and prices

CLH changes in volumes and prices, presented for convenience of the reader, consider volumes and average prices on a pro forma basis for the twelve-month period ended December 31, 2012.


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Contact information

Calendar of Events

29-Apr-14

Investor Stock 1Q14 Earnings Report and Conference Call

Relations Information 17-Jul-14

Colombian Stock 2Q14 Earnings Report and Conference Call Patricio Treviño Garza Exchange: Phone: CLH 22-Oct-14 +57(1) 603-9823 3Q14 Earnings Report and Conference Call E-mail: patricio.trevinog@cemex.com


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4Q13 RESULTS

February 5, 2013