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 July, 2016

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

San Pedro Garza García, Nuevo León, México 66265

(Address of principal executive offices)

 

 

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. Press release, dated July 27, 2016, announcing second quarter 2016 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

 

2. Second quarter 2016 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

 

3. Presentation regarding second quarter 2016 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: July 27, 2016   By:  

/s/ Rafael Garza

   

Name:  Rafael Garza

   

Title:    Chief Comptroller


EXHIBIT INDEX

 

EXHIBIT

NO.

  

DESCRIPTION

1.    Press release, dated July 27, 2016, announcing second quarter 2016 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).
2.    Second quarter 2016 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).
3.    Presentation regarding second quarter 2016 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   Investor Relations
Paula Andrea Escobar   Jesús Ortiz
+57 (1) 603-9079   +57 (1) 603-9051
paulaandrea.escobar@cemex.com   jesus.ortizd@cemex.com

 

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CEMEX LATAM HOLDINGS REPORTS

SECOND QUARTER 2016 RESULTS

 

    Controlling interest net income during the second quarter of 2016 increased by 43% reaching US$55 million compared to the second quarter of 2015

 

    Expansion in consolidated EBITDA margin driven by our operations in Panama, Nicaragua and Guatemala

BOGOTÁ, COLOMBIA. JULY 27, 2016 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that consolidated net sales reached US$672 million in the first six months of 2016. Consolidated net sales decreased 10% during the second quarter and during the first half of 2016 on a year-over-year basis. This decline is mainly explained by foreign-exchange fluctuations and lower sales from our operations in Panama and Costa Rica. Adjusting for foreign-exchange fluctuations, consolidated net sales in the first half of the year increased by 1%. During the second quarter, also on an adjusted basis, consolidated net sales declined by 1% on a year-over-year basis.

Operating EBITDA, adjusted for foreign-exchange fluctuations, increased by 7% during the first half of 2016, and by 8% in the second quarter compared to the same periods in 2015.

During the first six months of 2016, our consolidated cement volumes remained flat, while our ready-mix and aggregates volumes declined by 11% and 16%, respectively, compared to 2015.

Carlos Jacks, CEO of CLH, said, “Our higher cement volumes and prices in Colombia, as well as the EBITDA margin expansion we achieved during the first and second quarters this year helped us compensate almost in full the negative effect in our EBITDA of the sharp appreciation of the US dollar against the Colombian peso.”

CLH’s Financial and Operational Highlights

 

    Adjusting for the effect of foreign-exchange fluctuations, net sales and EBITDA in Colombia increased by 8% and 5%, respectively, during the second quarter on a year-over-year basis.

 

    During the first six months of the year, cement volumes in Colombia increased by 5%, while ready-mix and aggregates volumes decreased by 9% and 16%, respectively, compared with the same period a year ago.

 

    In Panama, during the second quarter EBITDA and EBITDA Margin increased by 35% and 10.1pp, respectively, compared to the first quarter of 2016.

 

    During the second quarter we achieved new historic records in Nicaragua and Guatemala in respect to EBITDA margin and cement volumes.

 

    During the second quarter our average working capital investment was negative for the first time in CLH history

 

    Free cash flow after total capital expenditures reached US$50 million during the first six months of 2016. Strategic capital expenditures were US$45 million in the quarter are mainly related to our capacity expansion project in Colombia.

 

1


Carlos Jacks added, “For the first time in CLH’s history, our management team has been able to obtain a negative average working capital figure, resulting in a recovery of close to 100 million dollars in working capital investment since the beginning of 2015 and contributing in a significant manner to CLH’s Free Cash Flow.”

Consolidated Corporate Results

During the second quarter of 2016, controlling interest net income reached US$55 million increasing 43% compared to the same period of 2015.

Net debt was reduced during the second quarter of 2016 to US$984 million

Geographical Markets Second Quarter 2016 Highlights

Operating EBITDA in Colombia decreased by 11% to US$61 million versus US$68 million in the second quarter of 2015, with a decline of 8% in net sales reaching US$182 million.

In Panama, operating EBITDA increased by 2% to US$33 million during the quarter, while EBITDA margin grew 8.1pp on a year-over-year basis. Net sales reached US$67 million in the second quarter of 2016, a decrease of 15% compared with the same period in 2015.

In Costa Rica, operating EBITDA reached US$18 million during the quarter, decreasing by 10% compared to the same period a year ago. Net sales declined by 8% to US$43 million, compared with the second quarter of 2015.

In the Rest of CLH operating EBITDA increased by 26% to US$25 million during the quarter, while EBITDA margin grew 9.1pp on a year-over-year basis. Net sales reached US$71 million in the second quarter of 2016, a decrease of 7% compared with the same period in 2015.

CLH is a regional leader in the building solutions industry that provides high-quality products and reliable services to customers and communities in Colombia, Panama, Costa Rica, Nicaragua, El Salvador, Guatemala, and Brazil. CLH’s mission is to create sustainable value by providing industry-leading products and solutions to satisfy the construction needs of our customers in the markets where we operate.

###

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.

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 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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2016

SECOND QUARTER RESULTS

CEMEX

LATAM HOLDINGS

Stock Listing Information

Colombian Stock Exchange S.A.

Ticker: CLH

Investor Relations

Jesús Ortiz de la Fuente

+57 (1) 603-9051

E-mail: jesus.ortizd@cemex.com


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OPERATING AND FINANCIAL HIGHLIGHTS

CEMEX

LATAM HOLDINGS

January - June Second Quarter

2016 2015 % var 2016 2015 % var

Consolidated cement volume 3,775 3,620 4% 1,946 1,880 3%

Consolidated domestic gray cement 3,306 3,307 (0%) 1,697 1,714 (1%)

Consolidated ready-mix volume 1,560 1,753 (11%) 823 904 (9%)

Consolidated aggregates volume 3,678 4,369 (16%) 1,943 2,257 (14%)

Net sales 672 748 (10%) 356 394 (10%)

Gross profit 328 356 (8%) 176 186 (5%)

as % of net sales 48.9% 47.6% 1.3pp 49.3% 47.2% 2.1pp

Operating earnings before other expenses, net 183 192 (4%) 101 101 (1%)

as % of net sales 27.3% 25.6% 1.7pp 28.3% 25.8% 2.5pp

Controlling interest net income (loss) 101 82 22% 55 39 43%

Operating EBITDA 226 236 (4%) 123 124 (1%)

as % of net sales 33.6% 31.6% 2.0pp 34.4% 31.5% 2.9pp

Free cash flow after maintenance capital expenditures

126 137 (8%) 70 70 N/A

Free cash flow 50 66 (24%) 25 47 (47%)

Net debt 984 1,077 (9%) 984 1,077 (9%)

Total debt 1,034 1,136 (9%) 1,034 1,136 (9%)

Earnings per share 0.18 0.15 22% 0.10 0.07 43%

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

Employees 4,737 5,093 (7%) 4,737 5,093 (7%)

Cement and aggregates volumes in thousands of metric tons. Ready-mix volumes in thousands of cubic meters. In millions of US dollars, except volumes, percentages, employees, and per-share amounts.

Shares outstanding are presented in millions.

Consolidated net sales during the second quarter of 2016 declined by 10% compared to the second quarter of 2015. For the first six months of 2016 consolidated net sales decreased by 10%, compared to the same period in 2015. This decline in net sales is explained mainly as a result of foreign exchange fluctuations and the effect of lower cement volumes from our operations in Panama and Costa Rica.

Cost of sales as a percentage of net sales during the first six months of the year decreased by 1.2pp from 52.4% to 51.1% on a year-over-year basis.

Operating expenses as a percentage of net sales during the first six months of the year decreased by 0.4pp from 22.0% to 21.6% compared to the same period in 2015.

Operating EBITDA during the second quarter of 2016 declined by 1% compared to the second quarter of 2015. During the first half of the year operating EBITDA decreased by 4%, compared to the same period in 2015. This decline is mainly explained by foreign exchange fluctuations and the effect of lower cement volumes from our operations in Panama and Costa Rica.

Operating EBITDA margin during the second quarter of 2016 increased by 2.9pp, compared to the second quarter of 2015. During the first half of the year operating EBITDA margin increased by 2.0pp compared with the same period last year.

Controlling interest net income during the second quarter of 2016 increased by 43% reaching US$55 million compared to the second quarter of 2015. During the first half of the year we registered a Controlling interest net income of US$101 million, increasing by 22% compared to the same period a year ago.

Total debt during the second quarter reached US$1,034 million.

2016 Second Quarter Results Page 2


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OPERATING RESULTS

CEMEX

LATAM HOLDINGS

Colombia

January - June Second Quarter

2016 2015 % var 2016 2015 % var

Net sales 339 374 (9%) 182 198(8%)

Operating EBITDA 116 128 (9%) 61 68(11%)

Operating EBITDA margin 34.2% 34.1% 0.1pp 33.5% 34.5%(1.0pp)

In millions of US dollars, except percentages.

Domestic gray cement Ready-Mix Aggregates

January - June Second Quarter January - June Second Quarter January - June Second Quarter

Volume 5% 2% (9%) (7%) (16%) (14%)

Price (USD) (9%) (7%) (14%) (11%) (6%) (4%)

Price (local currency) 11% 10% 5% 5% 15% 13%

Year-over-year percentage variation.

In Colombia, during the second quarter our domestic gray cement volumes increased by 2%, while our ready-mix and

aggregates volumes declined by 7% and 14%, respectively, compared to the second quarter of 2015. For the first six months, our domestic gray cement volumes increased by 5%, while our ready-mix and aggregates volumes decreased by 9% and 16%, respectively, compared to the same period in 2015.

During the quarter, our cement market position improved versus the second quarter of last year and remained stable sequentially. Local currency cement prices increased 10% on a year-over-year basis and decreased 2% sequentially.

The residential sector was the main driver of demand during the quarter supported by the middle-income segment, in which licenses increased 12% in the last twelve months as of May. In the infrastructure sector, regional and local investments slowed down in the first half of 2016 as new governors and mayors took office in January and as their new development plans are approved.

Panama

January - June Second Quarter

2016 2015 % var 2016 2015 % var

Net sales 130 151 (14%) 67 79 (15%)

Operating EBITDA 58 61 (6%) 33 33 2%

Operating EBITDA margin 44.6% 40.7% 3.9pp 49.5% 41.4% 8.1pp

In millions of US dollars, except percentages.

Domestic gray cement Ready-Mix Aggregates

January - June Second Quarter January - June Second Quarter January - June Second Quarter

Volume (21%) (21%) (11%) (8%) (9%) (6%)

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

Price (local currency) 3% 2% (5%) (3%) (3%) (5%)

Year-over-year percentage variation.

In Panama during the second quarter our domestic gray cement, ready-mix and aggregates volumes decreased by 21%, 8% and 6%, respectively, compared to the second quarter of 2015. For the first half of the year, our domestic gray cement, ready-mix and aggregates volumes decreased by 21%, 11% and 9% ,respectively, compared to the same period in 2015. During the quarter, the negative performance in our volumes is mainly explained by a high comparison base in 2015, lower sales to the Panama Canal expansion project, the completion of some large infrastructure projects, as well as a lag effect related to a slow-down in construction license approval in previous months, and in execution of new infrastructure projects.

2016 Second Quarter Results

Page 3


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OPERATING RESULTS

CEMEX

LATAM HOLDINGS

Costa Rica

January - June Second Quarter

2016 2015% var 2016 2015% var

Net sales 82 89 (9%) 43 46 (8%)

Operating EBITDA 35 39 (12%) 18 20(10%)

Operating EBITDA margin 42.5% 43.9% (1.4pp) 41.4% 42.1% (0.7pp)

In millions of US dollars, except percentages.

Domestic gray cement Ready-Mix Aggregates

January - June Second Quarter January - June Second Quarter January - June Second Quarter

Volume (15%) (14%) (8%) (18%) 6% 4%

Price (USD) (4%) (3%) 8% 5% (0%) 7%

Price (local currency) (3%) (2%) 9% 6% 1% 9%

Year-over-year percentage variation.

In Costa Rica, during the second quarter our domestic gray cement and ready-mix volumes declined by 14% and 18%, respectively, while our aggregates volumes increased by 4%, compared to the second quarter of 2015. For the first six months of the year, our domestic gray cement and ready-mix volumes declined by 15% and 8%, respectively, while our aggregates volumes increased by 6%, compared to 2015.

Private consumption both in industrial and commercial, as well as residential sector are the main drivers of demand of our products in 2016. Infrastructure sector continues to slow down due to a high comparison base in 2015 and the lack of execution of new projects

Rest of CLH

January - June Second Quarter

2016 2015% var 2016 2015% var

Net sales 133141(6%) 71 76 (7%)

Operating EBITDA 44 40 12% 25 20 26%

Operating EBITDA margin 33.4% 28.1% 5.3pp 35.2% 26.1% 9.1pp

In millions of US dollars, except percentages.

Domestic gray cement Ready-Mix Aggregates

January - June Second Quarter January - June Second Quarter January - June Second Quarter

Volume 11% 14% (33%) (27%) (59%) (60%)

Price (USD) (5%) (3%) (2%) (4%) (17%) (15%)

Price (local currency) (0%) 0% (0%) (3%) (13%) (11%)

Year-over-year percentage variation.

In the Rest of CLH region, which includes our operations in Nicaragua, Guatemala, El Salvador and Brazil, during the second quarter of 2016 our domestic gray cement volumes increased by 14%, while our ready-mix and aggregates volumes declined by 27% and 60%, respectively, compared to the second quarter of 2015. During the first half of the year, our domestic gray cement volumes increased by 11%, while our ready-mix and aggregates volumes decreased by 33% and 59%, respectively, compared to same period in 2015.

During the second quarter we reached new historic cement volume records for CLH in Nicaragua and Guatemala.

2016 Second 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 - June Second Quarter

2016 2015 % var 2016 2015 % var

Operating earnings before other expenses, net 183 192 (4%) 100 102 (1%)

+ Depreciation and operating amortization 43 45 23 23

Operating EBITDA 226 237 (5%) 123 125 (2%)

- Net financial expense 29 42 14 21

- Capital expenditures for maintenance 22 13 18 9

- Change in working Capital (22) (26) (32) (31)

- Taxes paid 64 63 51 49

- Other cash items (Net) 6 8 2 7

Free cash flow after maintenance capital exp 126 137 (8%) 70 70 1%

- Strategic Capital expenditures 76 71 45 23

Free cash flow 50 66 (24%) 25 47 (47%)

In millions of US dollars, except percentages.

Information on Debt

Second Quarter First Quarter

2016 2015 % var 2016

Total debt 1, 2 1,034 1,136 9% 1,051

Short term 25% 13% 25%

Long term 75% 87% 75%

Cash and cash equivalents 51 59 (14%) 43

Net debt 984 1,077 (9%) 1,008

In millions of US dollars, except percentages.

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

2 Represents the consolidated balances of CLH and subsidiaries.

Second Quarter

2016 2015

Currency denomination

U.S. dollar 98% 99%

Colombian peso 2% 1%

Interest rate

Fixed 76% 78%

Variable 24% 22%

2016 Second Quarter Results Page 5


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OPERATING RESULTS CEMEX LATAM HOLDINGS

Income statement & balance sheet

CEMEX Latam Holdings, S.A. and Subsidiaries

in thousands of U.S. Dollars, except per share amounts

January - June Second Quarter

INCOME STATEMENT 2016 2015 % var 2016 2015 % var

Net sales 672,076 747,600 (10%) 356,108 393,762 (10%)

Cost of sales (343,740) (391,636) 12% (180,437) (208,030) 13%

Gross profit 328,336 355,964 (8%) 175,671 185,732 (5%)

Operating expenses (144,860) (164,290) 12% (74,738) (84,245) 11%

Operating earnings before other expenses, net 183,476 191,674 (4%) 100,933 101,487 (1%)

Other expenses, net (274) (7,115) 96% (389) (5,135) 92%

Operating earnings 183,202 184,559 (1%) 100,544 96,352 4%

Financial expenses (29,378) (40,565) 28% (14,505) (19,976) 27%

Other income (expenses), net 11,561 (2,028) N/A 4,800 (6,731) N/A

Net income before income taxes 165,385 141,966 16% 90,839 69,645 30%

Income tax (64,516) (59,232) (9%) (35,436) (30,875) (15%)

Consolidated net income 100,869 82,734 22% 55,403 38,770 43%

Non-controlling Interest Net Income (313) (307) (2%) (163) (134) (22%)

Controlling Interest Net Income 100,556 82,427 22% 55,240 38,636 43%

0 0

Operating EBITDA 226,051 236,349 (4%) 122,635 123,923 (1%)

Earnings per share 0.18 0.15 22% 0.10 0.07 43%

as of June 30

BALANCE SHEET 2016 2015 % var

Total Assets 3,358,440 3,465,039 (3%)

Cash and Temporary Investments 50,541 58,683 (14%)

Trade Accounts Receivables 120,326 124,828 (4%)

Other Receivables 39,542 52,210 (24%)

Inventories 76,399 102,768 (26%)

Other Current Assets 17,987 21,843 (18%)

Current Assets 304,795 360,332 (15%)

Fixed Assets 1,217,641 1,117,256 9%

Other Assets 1,836,004 1,987,451 (8%)

Total Liabilities 1,890,535 2,034,612 (7%)

Current Liabilities 574,064 438,971 31%

Long-Term Liabilities 1,308,078 1,584,765 (17%)

Other Liabilities 8,393 10,876 (23%)

Consolidated Stockholders’ Equity 1,467,905 1,430,427 3%

Non-controlling Interest 5,757 5,685 1%

Stockholders’ Equity Attributable to Controlling Interest 1,462,148 1,424,742 3%

2016 Second Quarter Results Page 6


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OPERATING RESULTS CEMEX LATAM HOLDINGS

Income statement & balance sheet

CEMEX Latam Holdings, S.A. and Subsidiaries

in millions of Colombian Pesos in nominal terms, except per share amounts

January - June Second Quarter

INCOME STATEMENT 2016 2015 % var 2016 2015 % var

Net sales 2,066,868 1,871,629 10% 1,048,912 985,366 6%

Cost of sales (1,057,120) (980,466) (8%) (531,475) (520,584) (2%)

Gross profit 1,009,748 891,163 13% 517,437 464,782 11%

Operating expenses (445,495) (411,305) (8%) (220,140) (210,816) (4%)

Operating earnings before other expenses, net 564,253 479,858 18% 297,297 253,966 17%

Other expenses, net (842) (17,812) 95% (1,145) (12,854) 91%

Operating earnings 563,411 462,046 22% 296,152 241,112 23%

Financial expenses (90,347) (101,554) 11% (42,723) (49,983) 15%

Other income (expenses), net 35,553 (5,078) N/A 14,136 (16,858) N/A

Net income before income taxes 508,617 355,414 43% 267,565 174,271 54%

Income tax (198,409) (148,288) (34%) (104,376) (77,261) (35%)

Consolidated net income 310,208 207,126 50% 163,189 97,010 68%

Non-controlling Interest Net Income (963) (768) (25%) (480) (334) (44%)

Controlling Interest Net Income 309,245 206,358 50% 162,709 96,676 68%

Operating EBITDA 695,186 591,705 17% 361,221 310,095 16%

Earnings per share 557.76 372.43 50% 293.42 174.43 68%

as of June 30

BALANCE SHEET 2016 2015 % var

Total Assets 9,793,716 8,957,507 9%

Cash and Temporary Investments 147,386 151,702 (3%)

Trade Accounts Receivables 350,889 322,693 9%

Other Receivables 115,311 134,970 (15%)

Inventories 222,792 265,666 (16%)

Other Current Assets 52,455 56,468 (7%)

Current Assets 888,827 931,499 (5%)

Fixed Assets 3,550,825 2,888,229 23%

Other Assets 5,354,064 5,137,779 4%

Total Liabilities 5,513,084 5,259,697 5%

Current Liabilities 1,674,058 1,134,788 48%

Long-Term Liabilities 3,814,551 4,096,792 (7%)

Other Liabilities 24,475 28,117 (13%)

Consolidated Stockholders’ Equity 4,280,632 3,697,810 16%

Non-controlling Interest 16,790 14,693 14%

Stockholders’ Equity Attributable to Controlling Interest 4,263,842 3,683,117 16%

2016 Second Quarter Results Page 7


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OPERATING RESULTS CEMEX LATAM HOLDINGS

Operating Summary per Country

in thousands of U.S. dollars

Operating EBITDA margin as a percentage of net sales

January - June Second Quarter

2016 2015 % var 2016 2015 % var

NET SALES

Colombia 338,981 374,258 (9%) 182,247 198,012 (8%)

Panama 129,782 150,944 (14%) 67,273 79,029 (15%)

Costa Rica 81,664 89,483 (9%) 42,727 46,440 (8%)

Rest of CLH 133,069 141,341 (6%) 70,723 75,692 (7%)

Others and intercompany eliminations (11,420) (8,426) (36%) (6,862) (5,411) (27%)

TOTAL 672,076 747,600 (10%) 356,108 393,762 (10%)

GROSS PROFIT

Colombia 159,977 179,581 (11%) 83,209 94,088 (12%)

Panama 64,356 68,724 (6%) 36,687 37,089 (1%)

Costa Rica 43,116 49,634 (13%) 22,442 25,192 (11%)

Rest of CLH 54,314 50,922 7% 29,797 25,618 16%

Others and intercompany eliminations 6,573 7,103 (7%) 3,536 3,745 (6%)

TOTAL 328,336 355,964 (8%) 175,671 185,732 (5%)

OPERATING EARNINGS BEFORE OTHER EXPENSES, NET

Colombia 103,064 113,709 (9%) 54,279 61,079 (11%)

Panama 48,954 52,145 (6%) 28,785 28,289 2%

Costa Rica 31,613 36,029 (12%) 16,178 18,020 (10%)

Rest of CLH 41,564 37,119 12% 23,469 18,431 27%

Others and intercompany eliminations (41,720) (47,328) 12% (21,778) (24,332) 10%

TOTAL 183,476 191,674 (4%) 100,933 101,487 (1%)

OPERATING EBITDA

Colombia 115,777 127,582 (9%) 61,031 68,269 (11%)

Panama 57,944 61,382 (6%) 33,323 32,721 2%

Costa Rica 34,672 39,251 (12%) 17,688 19,572 (10%)

Rest of CLH 44,394 39,657 12% 24,898 19,733 26%

Others and intercompany eliminations (26,736) (31,523) 15% (14,305) (16,372) 13%

TOTAL 226,051 236,349 (4%) 122,635 123,923 (1%)

OPERATING EBITDA MARGIN

Colombia 34.2% 34.1% 33.5% 34.5%

Panama 44.6% 40.7% 49.5% 41.4%

Costa Rica 42.5% 43.9% 41.4% 42.1%

Rest of CLH 33.4% 28.1% 35.2% 26.1%

TOTAL 33.6% 31.6% 34.4% 31.5%

2016 Second Quarter Results Page 8


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OPERATING RESULTS CEMEX LATAM HOLDINGS

Volume Summary

Consolidated volume summary

Cement and aggregates in thousands of metric tons

Ready mix in thousands of cubic meters

January - June Second Quarter

2016 2015 % var 2016 2015 % var

Total cement volume 1 3,775 3,620 4% 1,946 1,880 3%

Total domestic gray cement volume 3,306 3,307 (0%) 1,697 1,714 (1%)

Total ready-mix volume 1,560 1,753 (11%) 823 904 (9%)

Total aggregates volume 3,678 4,369 (16%) 1,943 2,257 (14%)

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

Per-country volume summary

January - June Second Quarter Second Quarter 2016

2016 vs. 2015 2016 vs. 2015 vs. First Quarter 2016

DOMESTIC GRAY CEMENT

Colombia 5% 2% 4%

Panama (21%) (21%) 1%

Costa Rica (15%) (14%) 8%

Rest of CLH 11% 14% 11%

READY-MIX

Colombia (9%) (7%) 13%

Panama (11%) (8%) 7%

Costa Rica (8%) (18%) (5%)

Rest of CLH (33%) (27%) 20%

AGGREGATES

Colombia (16%) (14%) 12%

Panama (9%) (6%) 18%

Costa Rica 6% 4% 6%

Rest of CLH (59%) (60%) (4%)

2016 Second Quarter Results Page 9


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OPERATING RESULTS CEMEX LATAM HOLDINGS

Price Summary

Variation in U.S. dollars

January - June Second Quarter Second Quarter 2016

2016 vs. 2015 2016 vs. 2015 vs. First Quarter 2016

DOMESTIC GRAY CEMENT

Colombia (9%) (7%) 7%

Panama 3% 2% 1%

Costa Rica (4%) (3%) (1%)

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

READY-MIX

Colombia (14%) (11%) 9%

Panama (5%) (3%) 1%

Costa Rica 8% 5% (2%)

Rest of CLH (2%) (4%) (3%)

AGGREGATES

Colombia (6%) (4%) 13%

Panama (3%) (5%) (0%)

Costa Rica (0%) 7% 24%

Rest of CLH (17%) (15%) (0%)

For Rest of CLH, volume-weighted average prices.

Variation in local currency

January - June Second Quarter Second Quarter 2016

2016 vs. 2015 2016 vs. 2015 vs. First Quarter 2016

DOMESTIC GRAY CEMENT

Colombia 11% 10% (2%)

Panama 3% 2% 1%

Costa Rica (3%) (2%) (0%)

Rest of CLH (0%) 0% (4%)

READY-MIX

Colombia 5% 5% (0%)

Panama (5%) (3%) 1%

Costa Rica 9% 6% (1%)

Rest of CLH (0%) (3%) (5%)

AGGREGATES

Colombia 15% 13% 4%

Panama (3%) (5%) (0%)

Costa Rica 1% 9% 26%

Rest of CLH (13%) (11%) (4%)

For Rest of CLH, volume-weighted average prices.

2016 Second Quarter Results Page 10


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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 June 30, 2016 and June 30, 2015 was $2,916.15 and $2,585.11 Colombian pesos per US dollar, respectively, and (ii) the consolidated results for the second quarter of 2016 and for the second quarter of 2015 were $2,945.49 and $2,502.32 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 financial information

When reference is made to consolidated financial information means the financial information of CLH together with its consolidated subsidiaries.

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.

Exchange rates

January – June January - June Second Quarter

2016 closing 2015 closing 2016 average 2015 average 2016 average 2015 average

Colombian peso 2,916.15 2,585.11 3,075.35 2,503.52 2,945.49 2,502.32

Panama balboa 1.00 1.00 1.00 1.00 1.00 1.00

Costa Rica colon 554.20 540.97 545.25 540.71 547.50 554.90

Euro 1.1102 1.1145 1.1141 1.1080 1.1200 0.7297

Amounts provided in units of local currency per US dollar.

2016 Second Quarter Results Page 11


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OTHER ACTIVITIES AND INFORMATION CEMEX LATAM HOLDINGS

Repurchase of CEMEX Colombia bond

Regarding the issuance of common bonds by CEMEX Colombia in the secondary market made in July 2015, with maturity date July 2025 and with a rate of 8.3%, mentioned in note 15 and considering clause 4.10 of the common bond issuance prospectus of Cemex Colombia in the secondary market and that during the annual period comprised between July 9, 2015 and July 8, 2016 the trading volume of securities in the secondary market was less than Col$5 billion, on July 12, 2016, Cemex Colombia made an offer to purchase the securities addressed to all holders at a price equivalent to 100% of the principal amount outstanding plus interests accrued and not yet paid. This offer was accepted by all securities holders on July 13, 2016.

The acquisition of securities by CEMEX Colombia does not imply the cancellation of such securities according to the second paragraph of article 2 of Law 964/2005.

2016 Second Quarter Results Page 12


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DEFINITIONS OF TERMS AND DISCLOSURES CEMEX LATAM HOLDINGS 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 CLH’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 internal 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 CLH’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. 2016 Second Quarter Results Page 13

EX-3
     Exhibit 3
      

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CEMEX | LATAM HOLDINGS

RESULTS

2Q16

July 27, 2016


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|| Forward looking information CEMEX | LATAM HOLDINGS This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “should,” “could,” “anticipate,” “estimate,” “expect,” “plan,” “believe,” “predict,” “potential” and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s (“CLH”) current expectations and projections about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CLH’s expectations. Some of the risks, uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on CLH or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CLH’s exposure to other sectors that impact CLH’s business, such as the energy sector; competition; general political, economic and business conditions in the markets in which CLH operates; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CLH’s ability to satisfy its debt obligations and CEMEX, S.A.B. de C.V.’s (“CEMEX”) ability to satisfy CEMEX’s obligations under its material debt agreements, the indentures that govern CEMEX’s senior secured notes and CEMEX’s other debt instruments; expected refinancing of CEMEX’s existing indebtedness; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; CEMEX’s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CLH’s cost-reduction initiatives and implement CLH’s pricing initiatives for CLH’s products; the increasing reliance on information technology infrastructure for CLH’s invoicing, procurement, financial statements and other processes that can adversely affect operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subjected to cyber-attacks; weather conditions; natural disasters and other unforeseen events; and the other risks and uncertainties described in CLH’s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CLH’s business. The information contained in these presentations is subject to change without notice, and CLH is not obligated to publicly update or revise forward-looking statements. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to CLH’s prices for CLH’s products.

UNLESS OTHERWISE NOTED, ALL CONSOLIDATED FIGURES ARE PRESENTED IN DOLLARS AND ARE BASED ON THE FINANCIAL STATEMENTS OF EACH COUNTRY PREPARED UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS. Copyright CEMEX Latam Holdings, S.A. and its subsidiaries. 2


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|| Financial Results Summary

         

Net
Sales

                 

Operating
EBITDA

              
         

(US$M)

                 

(US$M)

              
    

-10%

                                       

748

                                            
         

672

       

-10%

                        
              

394

                 

- 4%

         
                        

356

            

-1%

    
                             

236

              
                                  

226

         
                                       

124

  

123

6M15

       

6M16

  

2Q15

       

2Q16

  

6M15

  

6M16

  

2Q15

  

2Q16

CEMEX | LATAM HOLDINGS Records achieved in 2Q16 - Lowest consolidated average working capital days - Highest EBITDA margin in Rest of CLH, Nicaragua and Guatemala - Highest cement volumes in Rest of CLH, Nicaragua and Guatemala EBITDA grew 14% in 2Q16 compared with 1Q16 and 8% vs. 2Q15 on a like-to-like basis1 Net sales increased in 2Q16 by 8% on a like-to-like basis1 vs. 1Q16 (1) Adjusted for foreign-exchange fluctuations 3


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|| Financial Results Summary

Operating EBITDA Margin

(%)

6M15

  

31.6%

2.0pp

  

2.9pp

6M16

  

33.6%

2Q15

  

31.5%

2Q16

  

34.4%

CEMEX | LATAM HOLDINGS

Highest EBITDA margin in the last 7 quarters

mainly driven by lower maintenance expenses in Panama, outstanding results in Nicaragua and Guatemala

Highest EBITDA margin in Panamá in the last 3 years

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|| Consolidated Volumes and Prices

         

6M16vs.

  

2Q16 vs.

  

2Q16 vs.

         

6M15

  

2Q15

  

1Q16

    

Volume

  

0%

  

(1%)

  

5%

Domestic

                   

gray

  

Price (USD)

  

(6%)

  

(5%)

  

4%

cement

                   
    

Price (LtL1 )

  

5%

  

4%

  

0%

    

Volume

  

(11%)

  

(9%)

  

12%

Ready-mix

                   

concrete

  

Price (USD)

  

(10%)

  

(8%)

  

5%

    

Price (LtL1 )

  

3%

  

3%

  

(1%)

    

Volume

  

(16%)

  

(14%)

  

12%

Aggregates

  

Price (USD)

  

(4%)

  

(2%)

  

11%

    

Price (LtL1 )

  

10%

  

10%

  

5%

(1) Like-to-like prices adjusted for foreign-exchange fluctuations CEMEX | LATAM HOLDINGS Our cement volumes remained flat during 1H16 Positive demand dynamics in Colombia, Nicaragua and Guatemala offset by a decline in Panama and Costa Rica Decline in our ready-mix and aggregates volumes reflects lower sales in Colombia, and lower execution of infrastructure projects in Panama and Costa Rica Higher prices in 2Q16 in our three main products in local-currency terms compared with 2Q15 5


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|| We continue reinforcing our Customer Centric strategy through innovative solutions CEMEX | LATAM HOLDINGS Distribution Network Help enhance our distributors’ business with first in class service and through tangible efficiencies in inventories, sales and logistics Builders Provide our clients with customized building solutions and services that meet specific cost, durability and aesthetic requirements Industrial Achieve preferred partner status of this segment by offering value added solutions that increase productivity and profitability Public Sector Work closely with local government officials to make construction projects a reality given tight budgetary constraints 6


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|| Colombia – Already translating into benefits for our customers and for CLH CEMEX | LATAM HOLDINGS Cement Aggregates Additives $ Profitability + PRO Recognition + Support = MIX3R Tailor-made mix of cement, aggregates and additives. •Backed by our in-depth expertise Focus on increasing our customers’ profitability 7


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CEMEX | LATAM HOLDINGS

REGIONAL

HIGHLIGHTS

Results 2Q16


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Results

Highlights

Colombia


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|| Colombia – Results Highlights

         

6M16

  

6M15

  

% var

  

2Q16

  

2Q15

  

% var

    

Net Sales

  

339

  

374

  

(9%)

  

182

  

198

  

(8%)

Financial

                                  

Summary

  

Op. EBITDA

  

116

  

128

  

(9%)

  

61

  

68

  

(11%)

US$ Million

  

as % net

                             
    

sales

  

34.2%

  

34.1%

  

0.1pp

  

33.5%

  

34.5%

  

(1.0pp)

         

6M16 vs. 6M15

  

2Q16 vs. 2Q15

  

2Q16 vs. 1Q16

    

Cement

  

5%

  

2%

  

4%

Volume

  

Ready mix

  

(9%)

  

(7%)

  

13%

    

Aggregates

  

(16%)

  

(14%)

  

12%

         

6M16 vs. 6M15

  

2Q16 vs. 2Q15

  

2Q16 vs. 1Q16

    

Cement

  

11%

  

10%

  

(2%)

Price

                   

(Local Currency)

  

Ready mix

  

5%

  

5%

  

0%

    

Aggregates

  

15%

  

13%

  

4%

CEMEX | LATAM HOLDINGS Net Sales and EBITDA grew 8% and 5%, respectively, in 2Q16 on a like-to-like basis1 compared with 2Q15 EBITDA margin remained flat in 1H16 vs.1H15 Cement volumes grew 5% and 2% in 1H16 and 2Q16, respectively, on a year over year basis. Higher prices in our three core products in 2Q16 in local currency terms vs. 2Q15 (1) Adjusted for foreign-exchange fluctuations 10


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|| Colombia – Residential Sector Social income housing decelerated in 1H16 as Government subsidies increasingly shift towards middle income housing CEMEX | LATAM HOLDINGS Middle income housing sales figures encouraging for 2H16 Execution of social interest housing subsidies below 50% in quotas approved for 2016 30k subsidies in free home program recently approved to be built during 2016-2018 11


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|| Colombia – Infrastructure Sector CLH already secured over a dozen contracts to supply works in functional units of the 1st wave of 4G CEMEX | LATAM HOLDINGS 4 projects of the 1st wave of 4G secured credit disbursements out of the 9 with preliminary project finance stage One project of 2nd wave, and one private initiative PPP1 secured ANI’s2 financial requirements Regional and local investment in infrastructure should pick up after Development Plans are approved and as execution of 4Gs build up (1) Public Private Partnership (2) National Infrastructure Agency 12


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Results

Highlights

Panama


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|| Panama – Results Highlights

CEMEX | LATAM HOLDINGS

Financial Summary

US$ Million

6M16 6M15 % var 2Q16 2Q15 % var

Net Sales 130 151 (14%) 67 79 (15%)

Op. EBITDA 58 61 (6%) 33 33 2%

as % net sales 44.6% 40.7% 3.9pp 49.5% 41.4% 8.1pp

Volume

6M16 vs. 6M15 2Q16 vs. 2Q15 2Q16 vs. 1Q16

Cement (21%) (21%) 1%

Ready mix (11%) (8%) 7%

Aggregates (9%) (6%) 18%

Price

(Local Currency)

6M16 vs. 6M15 2Q16 vs. 2Q15 2Q16 vs. 1Q16

Cement 3% 2% 1%

Ready mix (5%) (3%) 1%

Aggregates (3%) (5%) 0%

Tough comparison base during 2Q16 in our three core products due to Panama Canal expansion project and a temporary market slow down

Cement, ready-mix and aggregates volumes grew sequentially 1%, 7% and 18% respectively, in 2Q16

EBITDA increased 35% and EBITDA margin 10.1pp in 2Q16 compared to 1Q16

14


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|| Panama – Sector Highlights

CEMEX | LATAM HOLDINGS

Housing permits have grown at double digit rates on a year to date basis vs. 2015 , as of May

Residential sector expected to remain as the main driver of cement consumption during 2016

Commitment from Government to expedite infrastructure works

2nd line of the subway and urban renovation of Colon show execution progress of 15% and 12%, respectively

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Results

Highlights

Costa Rica


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|| Costa Rica – Results Highlights

CEMEX | LATAM HOLDINGS

Financial Summary US$ Million

6M16 6M15 % var 2Q16 2Q15 % var

Net Sales 82 89 (9%) 43 46 (8%)

Op. EBITDA1 35 39 (12%) 18 20 (10%)

as % net sales 42.5% 43.9% (1.4pp) 41.4% 42.1% (0.7pp)

Volume

6M16 vs. 6M15 2Q16 vs. 2Q15 2Q16 vs. 1Q16

Cement (15%) (14%) 8%

Ready mix (8%) (18%) (5%)

Aggregates 6% 4% 6%

Price (Local Currency)

6M16 vs. 6M15 2Q16 vs. 2Q15 2Q16 vs. 1Q16

Cement (3%) (2%) 0%

Ready mix 9% 6% (1%)

Aggregates 1% 9% 26%

(1) That by an inadvertent error in the presentation of the first quarter 2016 results, in the slide named “ Costa Rica – Results Highlights” was included that the percentage of the operating EBITDA was minus two percent (-2%) being minus fourteen percent (-14%). This error did not affect the consolidated results included in this presentation since the correct value was used for these results”.

Higher volumes in cement during the second quarter on a sequential basis

Aggregates volumes grew by 4% and 6% in 2Q16 and 1H16, respectively, vs. same periods in 2015

Prices increased by 6% and 9% in ready-mix and aggregates, 2Q16 vs. 2Q15 in local currency terms

17


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|| Costa Rica– Sector Highlights

CEMEX | LATAM HOLDINGS

Private consumption expected to drive demand of our products in 2016

Housing, and Industrial and Commercial expected to remain flat in 2016, compared with 2015 according to our

Infrastructure continues to decelerate in 2016

Moin port terminal is the only ongoing heavy infrastructure project

We expect public spending to increase in 2017 as presidential elections approach

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Results

Highlights

Rest of CLH


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|| Rest of CLH – Results Highlights

CEMEX | LATAM HOLDINGS

Financial Summary US$ Million

6M16 6M15 % var 2Q16 2Q15 % var

Net Sales 133 141 (6%) 71 76 (7%)

Op. EBITDA 44 40 12% 25 20 26%

as % net sales 33.4% 28.1% 5.3pp 35.2% 26.1% 9.1pp

Volume

6M16 vs. 6M15 2Q16 vs. 2Q15 2Q16 vs. 1Q16

Cement 11% 14% 11%

Ready mix (33%) (27%) 20%

Aggregates (59%) (60%) (4%)

Price (Local Currency)

6M16 vs. 6M15 2Q16 vs. 2Q15 2Q16 vs. 1Q16

Cement 0% 0% (4%)

Ready mix 0% (3%) (5%)

Aggregates (13%) (11%) (4%)

Rest of CLH cement volumes record; grew by 14% and 11% in 2Q16 compared with 2Q15 and 1Q16, respectively

EBITDA grew by 26% and 28% during 2Q16 compared to 2Q15 and 1Q16, respectively

EBITDA Margin record; increased by 9.1pp in 2Q16 explained by higher cement volumes, mix effect, and cost efficiencies

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|| Rest of CLH – Sector Highlights

CEMEX | LATAM HOLDINGS

The economic environment has improved significantly in Guatemala after a turbulent 2015

In Nicaragua demand from infrastructure remains strong from projects such as:

- Rio Blanco-Mulukukú highway

- Managua baseball stadium

In Guatemala industrial and commercial sector continued to drive demand of our products during 2Q16. Public investment remains weak

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CEMEX | LATAM HOLDINGS

FREE CASH FLOW

2Q16 Results


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|| We will continue with disciplined working capital management

CEMEX | LATAM HOLDINGS

Working Capital (Average Days)

2014 2015 2016

17 22 24 21 21 2 2 -1

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

Since 1Q15 CLH has recovered close to US$ 100 M in working capital investment

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|| Free Cash Flow

CEMEX | LATAM HOLDINGS

US$ Million 6M16 6M15 % var 2Q16 2Q15 % var

Operating EBITDA 226 237 (5%) 123 125 (2%)

- Net Financial Expense 29 42 14 21

- Maintenance Capex 22 13 18 9

- Change in Working Cap (22) (26) (32) (31)

- Taxes Paid 64 63 51 49

- Other Cash Items (net) 6 8 2 7

Free Cash Flow After Maintenance Capex 126 137 (8%) 70 70 1%

- Strategic Capex 76 71 45 23

Free Cash Flow 50 66 (24%) 25 47 (47%)

Free cash flow after maintenance Capex reached US$70 million in 2Q16

Strategic Capex was US$ 45 M in the quarter, mainly used for our expansion project in Colombia

Net debt was reduced during 2Q16 to US$984 million

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CEMEX | LATAM HOLDINGS

GUIDANCE

2Q16 Results


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|| 2016 Guidance

CEMEX | LATAM HOLDINGS

Volume YoY%

Cement Ready - Mix Aggregates

Colombia Low-single-digit growth Low-single-digit growth Flat

Cement Ready - Mix Aggregates

Panama Low-double-digit decline Flat Flat

Cement Ready - Mix Aggregates

Costa Rica High-single-digit decline Low-single-digit decline Low-single-digit growth

Consolidated volumes in 2016 expected to:

+ Remain flat in cement

+ Grow by low single digit in Ready-mix

+ Remain flat in Aggregates

Maintenance and Strategic Capex in 2016 are expected to be about US$57 M and US$112 M, respectively

Consolidated Cash taxes are expected to range between US$95 MM and US$105 M

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|| Consolidated debt maturity profile

CEMEX | LATAM HOLDINGS

US$ Million

191 144 696 3

2016 2017 2018 2025

US $1,034 Million

Total debt as of June 30, 2016

2.2x Net Debt/EBITDA (LTM)1

as of June 30, 2016

(1) Last twelve months to June 2016

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CEMEX | LATAM HOLDINGS

RESULTS

2Q16

July 27, 2016