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):
Contents
| 1. |
Presentation regarding 2014 outlook for CEMEX, S.A.B. de C.V. (addendum to presentation regarding fourth quarter and year end 2013 results for 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. |
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| (Registrant) |
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| Date: February 6, 2014 |
By: /s/ Rafael Garza |
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| Name: Rafael Garza |
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| Title: Chief Comptroller |
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EXHIBIT INDEX
| EXHIBIT NO. |
DESCRIPTION | |
| 1. |
Presentation regarding 2014 outlook for CEMEX, S.A.B. de C.V. (addendum to presentation regarding fourth quarter and year end 2013 results for CEMEX, S.A.B. de C.V.) (NYSE:CX). | |
Exhibit 1
2014 Outlook
Forward looking information
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 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 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 operates, CEMEX’s ability to comply with the terms and obligations of the facilities agreement entered into with major creditors and other debt agreements, 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, 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 CEMEX 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 FIGURES ARE PRESENTED IN DOLLARS, BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS
Copyright CEMEX, S.A.B. de C.V. and its subsidiaries.
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2014 guidance
?We expect mid-single-digit increases in consolidated volumes for cement, ready mix and aggregates
Cost of energy, on a per ton of cement produced basis, expected to be relatively flat from last year’s level
?Total capital expenditures expected to be about US$645 million, US$505 million in maintenance capex and US$140 million in strategic capex
?We expect working capital investment during the year to be similar to last year’s
?We expect cash taxes to reach US$600-700 million
We expect a marginal reduction in our cost of debt, including our perpetual and convertible securities
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2014 expected outlook: Selected countries
Domestic gray cement Ready mix Aggregates
Volumes Volumes Volumes
Consolidated mid-single-digit growth mid-single-digit growth mid-single-digit growth
mid to high-single-digit mid to high-single-digit Mexico mid-single-digit growth growth growth
United States high-single-digit growth high-single-digit growth mid-single-digit growth
Germany 3% 2% 1% Poland 3% 4% 4% France N/A 2% 4% UK 1% 2% 3% Spain (14%) (19%) (24%) Egypt (8%) 16% 43%
Colombia 6% 8% 6% Panama (10%) (8%) (10%) Costa Rica 6% 6% 6%
Philippines 6% N/A N/A
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