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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, 2020

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 66265, México

(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 ☒ 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, 2020, announcing second quarter 2020 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).

2.		Second quarter 2020 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 2020 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, 2020	By:	/s/ Rafael Garza Lozano
	Name:	Rafael Garza Lozano
	Title:	Chief Comptroller

EXHIBIT INDEX


EXHIBIT NO.		DESCRIPTION

1.		Press release, dated July 27, 2020, announcing second quarter 2020 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).

2.		Second quarter 2020 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 2020 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).

Exhibit 1 - Press Release

Exhibit 1

Media Relations

Andrea Castro Velez

+57 (1) 603-9134

andrea.castro@cemex.com

Investor Relations

Pablo Gutierrez

+57 (1) 603-9051

pabloantonio.gutierrez@cemex.com

LOGO

CLH REPORTS SECOND QUARTER 2020 RESULTS: COST CONTAINMENT EFFORTS TRANSLATE INTO HIGHER MARGINS

BOGOTA, COLOMBIA. JULY 27, 2020 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36%, while EBITDA fell by 32%, in local-currency terms, on a year-over-year basis. EBITDA margin, however, was higher by 1.4 percentage points due to a proactive cost containment plan across our businesses and geographies.

CLH’s Consolidated Second Quarter 2020 Financial and Operational Highlights

•

EBITDA margin improved by 1.4pp during the quarter on a year-over-year basis, to 19.7%, despite the decline in sales. The improvement was mainly due to a proactive cost control plan.

•

Our consolidated cement volumes declined by 33% during the second quarter on a year-over-year basis. However, volumes recovered significantly in June, doubling the volumes sold during April.

•

Quarterly consolidated prices for cement improved by 4% on a year-over-year basis and remained stable sequentially, in local-currency terms. Cement pricing resilience in all our markets despite lower volumes.

•

Generated US$25 million in free cash flow during the quarter and reduced our net debt by 28 million dollars from March to June.

•

Generated US$11 million in net income during the quarter, compared with a US$4 million loss during the same period of last year.

•

Obtained the highest Net Promoter Score ever, reaching 70 points during the quarter, a 12-points improvement on a year-over-year basis.

Jesus Gonzalez, CEO of CLH, said: “Supported by our Health and Safety culture, as well as our more than 50 biosecurity protocols, we are running our operations safely and effectively in a COVID-19 world. Despite that our volumes were significantly impacted by the COVID-19 containment measures, we reacted quickly and obtained significant achievements during the second quarter. We improved our EBITDA margin by 1.4pp on a year-over-year basis; improved our consolidated cement prices by 4% on a year-over-year basis; generated US$25 million and US$11 million in free cash flow and net income, respectively, and reduced our net debt by US$28 million from March to June.”

Jesus Gonzalez added: “With respect to our efforts to improve our customers experience, during the quarter we obtained the highest Net Promoter Score ever. This achievement was driven by our digital capabilities and our new program “CEMEX Te Acompaña”, launched to support our customers on some of the challenges they are facing due to COVID-19.”

Consolidated Corporate Results

During the second quarter, controlling interest net income was US$11 million, compared to a loss of US$4 million during the same quarter of 2019.

Geographical Markets Second Quarter 2020 Highlights

Operating EBITDA in Colombia reached US$12 million, 32% lower in U.S.-dollar terms or 23% lower in local-currency terms, compared with that of the second quarter of 2019. Net sales decreased by 45% in U.S.-dollar terms or by 36% in local-currency terms, on a year-over-year basis, to US$67 million.

In Panama, operating EBITDA was negative US$3 million during the quarter. Net sales reached US$7 million during the second quarter; 86% lower compared with those of the same period of 2019.

In Costa Rica, operating EBITDA reached US$7 million during the quarter, 27% lower in U.S.-dollar terms or 29% lower in local-currency terms, on a year-over-year basis. Net sales reached US$20 million, a decline of 26% in U.S.-dollar terms or of 28% in local-currency terms, compared with those of the second quarter of 2019.

In the Rest of CLH operating EBITDA increased by 29% in U.S.-dollar terms or by 31% in local-currency terms, to US$20 million during the quarter. Quarterly net sales reached US$56 million, 1% higher in local currency terms or remained flat in U.S.-dollar terms, compared with those of the same period of 2019.

In accordance with its vision, CLH continues to constantly evolve aiming to become more flexible in our operations, more creative in our commercial offerings, more sustainable in our use of resources, more innovative in conducting our business, and more efficient in our capital allocation. 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, and Guatemala.

###

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.

Exhibit 2 - 2Q2020 Results

Exhibit 2

LOGO

2020 SECOND QUARTER RESULTS Stock Listing Information Colombian Stock Exchange S.A. Ticker: CLH Investor Relations Pablo Gutierrez +57 (1) 603-9051 E-mail: pabloantonio.gutierrez@cemex.com


OPERATING AND FINANCIAL HIGHLIGHTS


	January – June															Second Quarter
	2020			2019			% var			l-t-l % var			2020			2019			% var			l-t-l % var
Consolidated cement volume		2,444			3,245			(25	%)					1,019			1,620			(37	%)
Consolidated domestic gray cement volume		2,261			2,912			(22	%)					974			1,459			(33	%)
Consolidated ready-mix volume		715			1,230			(42	%)					235			588			(60	%)
Consolidated aggregates volume		1,496			2,951			(49	%)					494			1,462			(66	%)
Net sales		362			507			(29	%)		(23	%)		148			249			(41	%)		(36	%)
Gross profit		141			194			(27	%)		(22	%)		54			91			(40	%)		(36	%)
as % of net sales		39.0	%		38.3	%		0.7pp						36.6	%		36.4	%		0.2pp
Operating earnings (loss) before other expenses, net		37			60			(37	%)		(34	%)		11			26			(58	%)		(54	%)
as % of net sales		10.3	%		11.8	%		(1.5pp	)					7.3	%		10.3	%		(3.0pp	)
Controlling interest net income (loss)		-20			11			N/A						11			-4			N/A
Operating EBITDA		75			100			(25	%)		(21	%)		29			46			(36	%)		(32	%)
as % of net sales		20.7	%		19.8	%		0.9pp						19.7	%		18.3	%		1.4pp
Free cash flow after maintenance capital expenditures		28			41			(32	%)					25			23			8	%
Free cash flow		27			40			(34	%)					25			21			19	%
Net debt		707			805			(12	%)					707			805			(12	%)
Total debt		785			834			(6	%)					785			834			(6	%)
Earnings (loss) of continued operations per share		(0.04	)		0.02			N/A						0.02			(0.01	)		N/A
Shares outstanding at end of period		557			557			0	%					557			557			0	%
Employees		4,156			4,128			1	%					4,156			4,128			1	%

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 2020 declined by 41% in U.S.-dollar terms, or by 36% in local-currency terms, compared with those of the second quarter of 2019.

Cost of sales as a percentage of net sales during the second quarter decreased by 0.2pp from 63.6% to 63.4%, on a year-over-year basis.

Operating expenses as a percentage of net sales during the quarter increased by 3.2pp from 26.1% to 29.3%, compared with those of 2019.

Operating EBITDA during the second quarter of 2020 declined in U.S.- dollar and local-currency terms by 36% and 32%, respectively, compared with that of the second quarter of 2019.

Operating EBITDA margin during the second quarter of 2020 increased by 1.4pp, compared with that of the second quarter of 2019.

Controlling interest net income during the second quarter was US$11 million, compared with a loss of US$4 million during the same quarter of 2019.

Total debt declined by 6% during the quarter on a year-over-year basis, reaching US$785 million.


2020 Second Quarter Results		Page 2


OPERATING RESULTS

Colombia


	January – June															Second Quarter
	2020			2019			% var			l-t-l % var			2020			2019			% var			l-t-l % var
Net sales		169			250			(32	%)		(22	%)		67			122			(45	%)		(36	%)
Operating EBITDA		28			39			(28	%)		(18	%)		12			17			(32	%)		(23	%)
Operating EBITDA margin		16.7	%		15.7	%		1.0pp						17.4	%		14.1	%		3.3pp

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		(27	%)		(40	%)		(40	%)		(57	%)		(42	%)		(62	%)
Price (USD)		(5	%)		(6	%)		(10	%)		(10	%)		(10	%)		(10	%)
Price (local currency)		9	%		9	%		3	%		3	%		3	%		4	%

Year-over-year percentage variation.

In Colombia, construction activity during the quarter was impacted by the COVID-19 containment measures. During this period, our cement volumes declined by 40%. However, our volumes recovered during June as restrictions eased, declining a high-single digit on a year-over-year basis and improving significantly versus May. During June, we observed increased activity in 4G projects and in the self-construction sector.

Despite the volume decline, our cement prices during June reached the highest levels since September 2016. During the quarter, our cement prices improved by 9% year-over-year and by 1% sequentially, in local-currency terms.

Panama


	January – June															Second Quarter
	2020			2019			% var			l-t-l % var			2020			2019			% var			l-t-l % var
Net sales		41			98			(58	%)		(58	%)		7			48			(86	%)		(86	%)
Operating EBITDA		7			24			(72	%)		(72	%)		-3			11			N/A			N/A
Operating EBITDA margin		16.8	%		24.9	%		(8.1pp	)					-51.4	%		22.1	%		(73.5pp	)

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		(59	%)		(88	%)		(68	%)		(99	%)		(63	%)		(96	%)
Price (USD)		(6	%)		(5	%)		(6	%)		22	%		(5	%)		(6	%)
Price (local currency)		(6	%)		(5	%)		(6	%)		22	%		(5	%)		(6	%)

Year-over-year percentage variation.

Panama is the country in the region with the most severe restrictions imposed to fight the COVID-19 crisis. Following government regulations, the construction industry and its supply chain were fully closed during April and May. Then, in early June, certain infrastructure projects and hardware stores could resume activities although with restrictions.


2020 Second Quarter Results		Page 3


OPERATING RESULTS

Costa Rica


	January – June												Second Quarter
	2020			2019			% var			l-t-l % var			2020			2019			% var			l-t-l % var
Net sales		46			55			(17	%)		(20	%)		20			27			(26	%)		(28	%)
Operating EBITDA		14			19			(24	%)		(26	%)		7			9			(27	%)		(29	%)
Operating EBITDA margin		31.4	%		34.1	%		(2.7pp	)					32.1	%		32.5	%		(0.4pp	)

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		(10	%)		(15	%)		(23	%)		(35	%)		(66	%)		(60	%)
Price (USD)		(4	%)		(4	%)		(7	%)		(9	%)		90	%		39	%
Price (local currency)		(8	%)		(7	%)		(11	%)		(11	%)		82	%		35	%

Year-over-year percentage variation.

In Costa Rica, our cement volumes during the second quarter declined by 15%, in line with the industry. Our volumes declined by 22% during April, then recovered during May and June. During the quarter, the impact of COVID-19 containment measures had a relatively mild impact on industry cement volumes, supported by the resilience of the self-construction sector.

Regarding cement pricing, our quarterly prices in local-currency terms improved by 1% sequentially. The increased price on a sequential basis partially reflects our price increase of around 4% for bagged cement, that we made effective on June 22.

Rest of CLH


	January – June												Second Quarter
	2020			2019			% var			l-t-l % var			2020			2019			% var			l-t-l % var
Net sales		114			113			0	%		2	%		56			57			(0	%)		1	%
Operating EBITDA		37			33			15	%		17	%		20			15			29	%		31	%
Operating EBITDA margin		33.0	%		28.8	%		4.2pp						35.5	%		27.3	%		8.2pp

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	%		5	%		(10	%)		(3	%)		(26	%)		(38	%)
Price (USD)		(4	%)		(4	%)		2	%		0	%		13	%		4	%
Price (local currency)		(2	%)		(2	%)		3	%		2	%		18	%		8	%

Year-over-year percentage variation.

In Guatemala, we estimate that industry volumes declined a low- to mid-single digit during 2Q20, affected by lower formal construction activity in Guatemala City. However, our cement volumes improved during the second quarter due to our relatively low exposure to the formal sector, and to increased activity in our main markets.

In Nicaragua, we are encouraged by the improvement in construction activity observed during the quarter and the first half of the year. Our cement volumes increased by 9% during the quarter, driven by a mild reactivation of the self-construction sector, as well as by government-sponsored projects, such as a hospital, highways, and a social-housing complex.


2020 Second Quarter Results		Page 4


OPERATING EBITDA, FREE CASH FLOW AND DEBT RELATED INFORMATION

Operating EBITDA and free cash flow


	January - June									Second Quarter
	2020			2019			% var			2020			2019			% var
Operating earnings before other expenses, net		37			60			(37	%)		11			26			(58	%)
+ Depreciation and operating amortization		38			41						18			20

Operating EBITDA		75			100			(25	%)		29			46			(36	%)
- Net financial expense		26			27						13			13
- Capital expenditures for maintenance		4			17						2			12
- Change in working Capital		19			(4	)					(2	)		(10	)
- Taxes paid		(4	)		24						(11	)		10
- Other cash items (Net)		2			(3	)					1			(3	)

Free cash flow after maintenance capital exp		28			41			(32	%)		25			23			8	%
- Strategic Capital expenditures		1			1						0			1

Free cash flow		27			40			(34	%)		25			21			19	%

In millions of US dollars, except percentages.

Information on Debt


				Second Quarter						First Quarter
	2020			2019			% var			2020
Total debt¹^,²		785			834						766
Short term		6	%		17	%					1	%
Long term		94	%		83	%					99	%

Cash and cash equivalents		78			28			180	%		32

Net debt		707			805			(12	%)		734

Net debt / EBITDA		4.1x			3.6x						3.9x


	Second Quarter
	2020			2019
Currency denomination
U.S. dollar		96	%		99	%
Colombian peso		4	%		1	%

Interest rate
Fixed		61	%		58	%
Variable		39	%		42	%

In millions of US dollars, except percentages.

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

²	Represents the consolidated balances of CLH and subsidiaries.


2020 Second Quarter Results		Page 5


OPERATING RESULTS

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	2020			2019			% var			l-t-l % var			2020			2019			% var			l-t-l % var
Net sales		362,353			507,182			(29	%)		(23	%)		148,128			248,958			(41	%)		(36	%)
Cost of sales		(221,013	)		(312,906	)		29	%					(93,847	)		(158,243	)		41	%

Gross profit		141,340			194,276			(27	%)		(22	%)		54,281			90,715			(40	%)		(36	%)
Operating expenses		(103,946	)		(134,608	)		23	%					(43,418	)		(65,011	)		33	%

Operating earnings (loss) before other expenses, net		37,394			59,668			(37	%)		(34	%)		10,863			25,704			(58	%)		(54	%)
Other expenses, net		(4,745	)		(8,093	)		41	%					(3,034	)		(8,156	)		63	%

Operating earnings (loss)		32,649			51,575			(37	%)					7,829			17,548			(55	%)
Financial expenses		(26,474	)		(27,007	)		2	%					(13,194	)		(13,151	)		(0	%)
Other income (expenses), net		(21,558	)		(5,887	)		(266	%)					17,160			(8,659	)		n/a

Net income (loss) before income taxes		(15,383	)		18,681			n/a						11,795			(4,262	)		n/a
Income tax		(4,493	)		(7,538	)		40	%					(1,184	)		(235	)		(405	%)

Consolidated net income (loss)		(19,876	)		11,143			n/a						10,611			(4,497	)		n/a
Non-controlling interest net income		86			(9	)		n/a						17			30			(43	%)

Controlling Interest Net Income (loss)		(19,790	)		11,134			n/a						10,628			(4,467	)		n/a

Operating EBITDA		75,054			100,176			(25	%)		(21	%)		29,252			45,538			(36	%)		(32	%)
Earnings (loss) of continued operations per share		(0.04	)		0.02			n/a						0.02			(0.01	)		n/a


	as of June 30
BALANCE SHEET	2020		2019		% var
Total Assets		2,861,981		3,033,689		(6	%)
Cash and Temporary Investments		78,360		28,300		177	%
Trade Accounts Receivables		61,748		82,911		(26	%)
Other Receivables		56,850		54,190		5	%
Inventories		74,793		80,023		(7	%)
Other Current Assets		24,510		27,566		(11	%)
Current Assets		296,261		272,990		9	%
Fixed Assets		1,024,614		1,170,711		(12	%)
Other Assets		1,541,106		1,589,988		(3	%)

Total Liabilities		1,390,363		1,479,606		(6	%)
Current Liabilities		254,823		403,749		(37	%)
Long-Term Liabilities		1,071,086		1,057,916		1	%
Other Liabilities		64,454		17,941		259	%

Consolidated Stockholders’ Equity		1,471,618		1,554,083		(5	%)
Non-controlling Interest		4,924		5,274		(7	%)
Stockholders’ Equity Attributable to Controlling Interest		1,466,694		1,548,809		(5	%)


2020 Second Quarter Results		Page 6


OPERATING RESULTS

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	2020			2019			% var			2020			2019			% var
Net sales		1,357,444			1,624,798			(16	%)		565,900			814,191			(30	%)
Cost of sales		(827,958	)		(1,002,418	)		17	%		(358,527	)		(517,518	)		31	%

Gross profit		529,486			622,380			(15	%)		207,373			296,673			(30	%)
Operating expenses		(389,400	)		(431,229	)		10	%		(165,874	)		(212,610	)		22	%

Operating earnings (loss) before other expenses, net		140,086			191,151			(27	%)		41,499			84,063			(51	%)
Other expenses, net		(17,775	)		(25,926	)		31	%		(11,590	)		(26,671	)		57	%

Operating earnings (loss)		122,311			165,225			(26	%)		29,909			57,392			(48	%)
Financial expenses		(99,177	)		(86,519	)		(15	%)		(50,405	)		(43,009	)		(17	%)
Other income (expenses), net		(80,761	)		(18,860	)		(328	%)		65,557			(28,321	)		n/a

Net income (loss) before income taxes		(57,627	)		59,846			n/a			45,061			(13,938	)		n/a
Income tax		(16,831	)		(24,149	)		30	%		(4,523	)		(771	)		(487	%)

Consolidated net income (loss)		(74,458	)		35,697			n/a			40,538			(14,709	)		n/a
Non-controlling interest net income		321			(30	)		n/a			66			100			(34	%)

Controlling Interest Net Income (loss)		(74,137	)		35,667			n/a			40,604			(14,609	)		n/a

Operating EBITDA		281,165			320,921			(12	%)		111,751			148,926			(25	%)
Earnings (loss) of continued operations per share		(134	)		64			n/a			73			(26	)		n/a


	as of June 30
BALANCE SHEET	2020		2019		% var
Total Assets		10,757,927		9,725,005		11	%
Cash and Temporary Investments		294,547		90,720		225	%
Trade Accounts Receivables		232,107		265,785		(13	%)
Other Receivables		213,694		173,715		23	%
Inventories		281,139		256,526		10	%
Other Current Assets		92,132		88,372		4	%
Current Assets		1,113,619		875,118		27	%
Fixed Assets		3,851,433		3,752,912		3	%
Other Assets		5,792,875		5,096,975		14	%

Total Liabilities		5,226,248		4,743,128		10	%
Current Liabilities		957,858		1,294,285		(26	%)
Long-Term Liabilities		4,026,117		3,391,329		19	%
Other Liabilities		242,273		57,514		321	%

Consolidated Stockholders’ Equity		5,531,679		4,981,877		11	%
Non-controlling Interest		18,506		16,908		9	%
Stockholders’ Equity Attributable to Controlling Interest		5,513,173		4,964,969		11	%


2020 Second Quarter Results		Page 7


OPERATING RESULTS

Operating Summary per Country

in thousands of U.S. dollars

Operating EBITDA margin as a percentage of net sales


NET SALES	January - June												Second Quarter
	2020			2019			% var			l-t-l % var			2020			2019			% var			l-t-l % var

Colombia		168,640			249,651			(32	%)		(22	%)		66,905			121,585			(45	%)		(36	%)
Panama		41,184			97,856			(58	%)		(58	%)		6,668			47,832			(86	%)		(86	%)
Costa Rica		45,672			55,208			(17	%)		(20	%)		20,322			27,451			(26	%)		(28	%)
Rest of CLH		113,614			113,174			0	%		2	%		56,355			56,603			(0	%)		1	%

Others and intercompany eliminations		(6,757	)		(8,707	)		22	%		22	%		(2,122	)		(4,513	)		53	%		53	%

TOTAL		362,353			507,182			(29	%)		(23	%)		148,128			248,958			(41	%)		(36	%)


GROSS PROFIT
Colombia		63,647			91,959			(31	%)		(20	%)		23,672			43,474			(46	%)		(38	%)
Panama		10,009			31,963			(69	%)		(69	%)		(3,487	)		14,154			N/A			N/A
Costa Rica		22,379			27,643			(19	%)		(22	%)		10,218			13,472			(24	%)		(26	%)
Rest of CLH		46,919			43,855			7	%		9	%		24,782			20,914			18	%		20	%

Others and intercompany eliminations		(1,614	)		(1,144	)		(41	%)		N/A			(904	)		(1,299	)		30	%		30	%

TOTAL		141,340			194,276			(27	%)		(22	%)		54,281			90,715			(40	%)		(36	%)


OPERATING EARNINGS BEFORE OTHER EXPENSES, NET
Colombia		16,270			25,434			(36	%)		(29	%)		6,100			10,545			(42	%)		(33	%)
Panama		(1,080	)		15,693			N/A			N/A			(7,574	)		6,526			N/A			N/A
Costa Rica		11,946			16,474			(27	%)		(30	%)		5,228			7,808			(33	%)		(34	%)
Rest of CLH		33,580			28,638			17	%		19	%		18,234			13,373			36	%		38	%

Others and intercompany eliminations		(23,322	)		(26,571	)		12	%		12	%		(11,126	)		(12,548	)		11	%		11	%

TOTAL		37,394			59,668			(37	%)		(34	%)		10,863			25,704			(58	%)		(54	%)


OPERATING EBITDA
Colombia		28,242			39,073			(28	%)		(18	%)		11,654			17,188			(32	%)		(23	%)
Panama		6,917			24,412			(72	%)		(72	%)		(3,429	)		10,570			N/A			N/A
Costa Rica		14,361			18,811			(24	%)		(26	%)		6,516			8,931			(27	%)		(29	%)
Rest of CLH		37,448			32,581			15	%		17	%		20,002			15,471			29	%		31	%

Others and intercompany eliminations		(11,914	)		(14,701	)		19	%		19	%		(5,491	)		(6,622	)		17	%		17	%

TOTAL		75,054			100,176			(25	%)		(21	%)		29,252			45,538			(36	%)		(32	%)


OPERATING EBITDA MARGIN
Colombia		16.7	%		15.7	%		l.0pp						17.4	%		14.1	%		3.3pp
Panama		16.8	%		24.9	%		(8.1pp	)					-51.4	%		22.1	%		(73.5pp	)
Costa Rica		31.4	%		34.1	%		(2.7pp	)					32.1	%		32.5	%		(0.4pp	)
Rest of CLH		33.0	%		28.8	%		4.2pp						35.5	%		27.3	%		8.2pp

TOTAL		20.7	%		19.8	%		0.9pp						19.7	%		18.3	%		1.4pp


2020 Second Quarter Results		Page 8


OPERATING RESULTS

Volume Summary

Consolidated volume summary

Cement and aggregates in thousands of metric tons

Ready mix in thousands of cubic meters


	January - June							Second Quarter
	2020		2019		% var			2020		2019		% var
Total cement volume ¹		2,444		3,245		(25	%)		1,019		1,620		(37	%)
Total domestic gray cement volume		2,261		2,912		(22	%)		974		1,459		(33	%)
Total ready-mix volume		715		1,230		(42	%)		235		588		(60	%)
Total aggregates volume		1,496		2,951		(49	%)		494		1,462		(66	%)

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

Per-country volume summary


DOMESTIC GRAY CEMENT	January - June			Second Quarter			Second Quarter 2020
	2020 vs. 2019			2020 vs. 2019			vs. First Quarter 2020
Colombia		(27	%)		(40	%)		(29	%)
Panama		(59	%)		(88	%)		(83	%)
Costa Rica		(10	%)		(15	%)		(12	%)
Rest of CLH		5	%		5	%		1	%

READY-MIX
Colombia		(40	%)		(57	%)		(47	%)
Panama		(68	%)		(99	%)		(99	%)
Costa Rica		(23	%)		(35	%)		(29	%)
Rest of CLH		(10	%)		(3	%)		(19	%)

AGGREGATES
Colombia		(42	%)		(62	%)		(51	%)
Panama		(63	%)		(96	%)		(95	%)
Costa Rica		(66	%)		(60	%)		42	%
Rest of CLH		(26	%)		(38	%)		(13	%)


2020 Second Quarter Results		Page 9


OPERATING RESULTS

Price Summary

Variation in U.S. dollars


DOMESTIC GRAY CEMENT	January - June			Second Quarter			Second Quarter 2020
	2020 vs. 2019			2020 vs. 2019			vs. First Quarter 2020
Colombia		(5	%)		(6	%)		(3	%)
Panama		(6	%)		(5	%)		0	%
Costa Rica		(4	%)		(4	%)		1	%
Rest of CLH		(4	%)		(4	%)		(0	%)

READY-MIX
Colombia		(10	%)		(10	%)		(4	%)
Panama		(6	%)		22	%		28	%
Costa Rica		(7	%)		(9	%)		(1	%)
Rest of CLH		2	%		0	%		2	%

AGGREGATES
Colombia		(10	%)		(10	%)		(2	%)
Panama		(5	%)		(6	%)		(3	%)
Costa Rica		90	%		39	%		(46	%)
Rest of CLH		13	%		4	%		(8	%)

For Rest of CLH, volume-weighted average prices.

Variation in local currency


DOMESTIC GRAY CEMENT	January - June			Second Quarter			Second Quarter 2020
	2020 vs. 2019			2020 vs. 2019			vs. First Quarter 2020
Colombia		9	%		9	%		1	%
Panama		(6	%)		(5	%)		0	%
Costa Rica		(8	%)		(7	%)		1	%
Rest of CLH		(2	%)		(2	%)		0	%

READY-MIX
Colombia		3	%		3	%		(0	%)
Panama		(6	%)		22	%		28	%
Costa Rica		(11	%)		(11	%)		(1	%)
Rest of CLH		3	%		2	%		2	%

AGGREGATES
Colombia		3	%		4	%		1	%
Panama		(5	%)		(6	%)		(3	%)
Costa Rica		82	%		35	%		(46	%)
Rest of CLH		18	%		8	%		(8	%)

For Rest of CLH. volume-weighted average prices.


2020 Second Quarter Results		Page 10


DEFINITIONS OF TERMS AND DISCLOSURES

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 are provided below.

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 and El Salvador.


Exchange rates	January - June				January - June				Second Quarter
	2020 EoP		2019 EoP		2020 average		2019 average		2020 average		2019 average
Colombian peso		3,758.91		3,205.67		3,746.19		3,203.58		3,820.34		3,270.40
Panama balboa		1.00		1.00		1.00		1.00		1.00		1.00
Costa Rica colon		583.49		583.64		577.49		600.09		577.29		591.09
Euro		0.91		0.86		0.91		0.83		0.91		0.85

Amounts provided in units of local currency per US dollar.


2020 Second Quarter Results		Page 11


DEFINITIONS OF TERMS AND DISCLOSURES

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.

EoP equals End of Period.

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.


2020 Second Quarter Results		Page 12

Exhibit 3 - 2Q2020 Results Presentation

Exhibit 3 RESULTS 2Q20 J u l y 2 7 , 2 0 2 0Exhibit 3 RESULTS 2Q20 J u l y 2 7 , 2 0 2 0

||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. 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, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; 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; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; 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 operations, sales in general, sales 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 subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); 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 2 products.||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. 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, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; 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; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; 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 operations, sales in general, sales 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 subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); 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 2 products.

||Key messages 2Q20 ✓ New COVID-19 safety protocols designed to allow us to continue operating safely and effectively ✓ Volumes significantly impacted during the quarter by COVID-19. Despite the declining sales environment during 2Q20: ➢ Improved EBITDA margin by 1.4pp YoY ➢ Increased cement volumes in Guatemala and Nicaragua on a year-over-year and sequential basis ➢ Observed significant volume recovery in Colombia during June vs. April and May, after restrictions eased ➢ Maintained consolidated cement prices stable 2Q vs. 1Q, despite lower volumes ➢ Implemented price increases in Colombia and Costa Rica ➢ Generated US$25 M in FCF & US$11 M in net income, reduced net debt by US$28 M from March to June ➢ Obtained the highest ever Net Promoter Score (NPS) 3||Key messages 2Q20 ✓ New COVID-19 safety protocols designed to allow us to continue operating safely and effectively ✓ Volumes significantly impacted during the quarter by COVID-19. Despite the declining sales environment during 2Q20: ➢ Improved EBITDA margin by 1.4pp YoY ➢ Increased cement volumes in Guatemala and Nicaragua on a year-over-year and sequential basis ➢ Observed significant volume recovery in Colombia during June vs. April and May, after restrictions eased ➢ Maintained consolidated cement prices stable 2Q vs. 1Q, despite lower volumes ➢ Implemented price increases in Colombia and Costa Rica ➢ Generated US$25 M in FCF & US$11 M in net income, reduced net debt by US$28 M from March to June ➢ Obtained the highest ever Net Promoter Score (NPS) 3

||Update on our three main priorities during these challenging times Strengthen our Health & Safety Customer Experience Financial Position 4||Update on our three main priorities during these challenging times Strengthen our Health & Safety Customer Experience Financial Position 4

||Health and safetyis our number onepriority ✓ Implemented >50 protocols to reduce contagion risks; deploying family playbook ✓ Developed “Health Check” app to track employees health; conducted ~870 tests to detect asymptomatic employees ✓ Appointed a COVID-19 coordinator in all our sites, 132 in total ✓ Delivered 12,000 food kits and 26,000 medical supplies to vulnerable families ✓ Sanitized more than 1.8 million square meters of public areas, using our ready- mix trucks in coordination with authorities 5||Health and safetyis our number onepriority ✓ Implemented >50 protocols to reduce contagion risks; deploying family playbook ✓ Developed “Health Check” app to track employees health; conducted ~870 tests to detect asymptomatic employees ✓ Appointed a COVID-19 coordinator in all our sites, 132 in total ✓ Delivered 12,000 food kits and 26,000 medical supplies to vulnerable families ✓ Sanitized more than 1.8 million square meters of public areas, using our ready- mix trucks in coordination with authorities 5

||Committed to enhance our customer experience ✓ Launched the “CEMEX te acompaña” program for our customers ➢ Providing trainings on our protocols ➢ Offering webinars on topics of interest: >80,000 people watched ➢ Providing high technology products that improve construction efficiency ➢ Offering support in financial, tax and labor issues ➢ Launched “Construrama a la mano”, a new sales channel via WhatsApp ➢ Received ~80% of cement purchase orders through CEMEX Go ✓ Obtained the highest Net Promoter Score ever during 2Q20 6||Committed to enhance our customer experience ✓ Launched the “CEMEX te acompaña” program for our customers ➢ Providing trainings on our protocols ➢ Offering webinars on topics of interest: >80,000 people watched ➢ Providing high technology products that improve construction efficiency ➢ Offering support in financial, tax and labor issues ➢ Launched “Construrama a la mano”, a new sales channel via WhatsApp ➢ Received ~80% of cement purchase orders through CEMEX Go ✓ Obtained the highest Net Promoter Score ever during 2Q20 6

||Strengthen ourfinancial position ✓ Hard stop of fees and expenses, hiring and salary freezes, maintenance adjustments, headcount optimization, among others. These measures are in addition to our pre-COVID savings plan which included initiatives related to our low- cost-sourcing program, supply chain efficiencies and other operational improvements ➢ Achieved ~US$19 million dollars savings YTD June ➢ Expect total savings of ~US$37 for the full year 2020 ✓ Reducing our full year CAPEX by US$25 million, compared with the guidance provided in February ✓ Obtained short term financings that significantly increased our cash position. We will use our cash to pay down debt as visibility increases 7||Strengthen ourfinancial position ✓ Hard stop of fees and expenses, hiring and salary freezes, maintenance adjustments, headcount optimization, among others. These measures are in addition to our pre-COVID savings plan which included initiatives related to our low- cost-sourcing program, supply chain efficiencies and other operational improvements ➢ Achieved ~US$19 million dollars savings YTD June ➢ Expect total savings of ~US$37 for the full year 2020 ✓ Reducing our full year CAPEX by US$25 million, compared with the guidance provided in February ✓ Obtained short term financings that significantly increased our cash position. We will use our cash to pay down debt as visibility increases 7

||Financial Results Summary Net Sales Operating EBITDA Margin EBITDA (US$M) (US$M) (%) -29% -25% 0.9pp -41% -36% 1.4pp 6M19 6M20 2Q19 2Q20 6M19 6M20 6M19 6M20 2Q19 2Q20 2Q19 2Q20 8 507 362 249 148 100 75 46 29 19.8% 20.7% 18.3% 19.7%||Financial Results Summary Net Sales Operating EBITDA Margin EBITDA (US$M) (US$M) (%) -29% -25% 0.9pp -41% -36% 1.4pp 6M19 6M20 2Q19 2Q20 6M19 6M20 6M19 6M20 2Q19 2Q20 2Q19 2Q20 8 507 362 249 148 100 75 46 29 19.8% 20.7% 18.3% 19.7%

||Consolidated Volumes andPrices 6M20 vs. 2Q20 vs. 2Q20 vs. 6M19 2Q19 1Q20 Volumes were impacted during 2Q20 by the COVID-19 restrictions in most of our markets Volume -22% -33% -24% Domestic gray Price (USD) -3% -3% 0% cement Price (LtL ) 3% 4% 0% 1 Strong pickup in activity in the back half of the quarter as Volume -42% -60% -51% restrictions eased; June volumes Ready-mix doubled those of April Price (USD) -10% -12% -6% concrete -1% -2% -8% Price (LtL ) 1 Our cement prices remained stable Volume -49% -66% -51% during the quarter on a sequential Aggregates Price (USD) -2% -8% -13% basis, despite a 24% decline in Price (LtL ) 9% 2% -14% 1 volumes (1) Like-to-like prices adjusted for foreign-exchange fluctuations 9||Consolidated Volumes andPrices 6M20 vs. 2Q20 vs. 2Q20 vs. 6M19 2Q19 1Q20 Volumes were impacted during 2Q20 by the COVID-19 restrictions in most of our markets Volume -22% -33% -24% Domestic gray Price (USD) -3% -3% 0% cement Price (LtL ) 3% 4% 0% 1 Strong pickup in activity in the back half of the quarter as Volume -42% -60% -51% restrictions eased; June volumes Ready-mix doubled those of April Price (USD) -10% -12% -6% concrete -1% -2% -8% Price (LtL ) 1 Our cement prices remained stable Volume -49% -66% -51% during the quarter on a sequential Aggregates Price (USD) -2% -8% -13% basis, despite a 24% decline in Price (LtL ) 9% 2% -14% 1 volumes (1) Like-to-like prices adjusted for foreign-exchange fluctuations 9

||EBITDA Variation 6M20 -25% 100 -60 9 16 -5 18 -4 75 EBITDA Vol Price Operating Dist SG&A FX EBITDA 6M19 Costs 6M20 19.8% 20.7% +0.9pp EBITDA EBITDA Margin 6M19 Margin 6M20 10||EBITDA Variation 6M20 -25% 100 -60 9 16 -5 18 -4 75 EBITDA Vol Price Operating Dist SG&A FX EBITDA 6M19 Costs 6M20 19.8% 20.7% +0.9pp EBITDA EBITDA Margin 6M19 Margin 6M20 10

REGIONAL HIGHLIGHTS 2 Q 2 0 R e s u l t sREGIONAL HIGHLIGHTS 2 Q 2 0 R e s u l t s

Results Highlights ColombiaResults Highlights Colombia

||Colombia –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 40% in 2Q20, however, volumes 169 250 -32% 67 122 -45% Net Sales recovered during June, declining a Financial Op. EBITDA 28 39 -28% 12 17 -32% high-single digit YoY and Summary US$ Million significantly improving vs. May as % net 16.7% 15.7% 1.0pp 17.4% 14.1% 3.3pp sales Our cement prices improved 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 during 2Q20 both YoY and QoQ; Cement -27% -40% -29% additionally, we implemented a Volume Ready-mix -40% -57% -47% ~4.5% price increase for bagged -42% -62% -51% cement effective on July 1 Aggregates 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin improved by 3.3pp despite lower Cement 9% 9% 1% Price volumes, driven by increased Ready-mix 3% 3% 0% (Local Currency) prices, as well as lower fixed costs Aggregates 3% 4% 1% and SG&A 13||Colombia –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 40% in 2Q20, however, volumes 169 250 -32% 67 122 -45% Net Sales recovered during June, declining a Financial Op. EBITDA 28 39 -28% 12 17 -32% high-single digit YoY and Summary US$ Million significantly improving vs. May as % net 16.7% 15.7% 1.0pp 17.4% 14.1% 3.3pp sales Our cement prices improved 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 during 2Q20 both YoY and QoQ; Cement -27% -40% -29% additionally, we implemented a Volume Ready-mix -40% -57% -47% ~4.5% price increase for bagged -42% -62% -51% cement effective on July 1 Aggregates 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin improved by 3.3pp despite lower Cement 9% 9% 1% Price volumes, driven by increased Ready-mix 3% 3% 0% (Local Currency) prices, as well as lower fixed costs Aggregates 3% 4% 1% and SG&A 13

|| Colombia –Infrastructure Sector 4G projects restarted first; expect industry ready-mix demand to 3 reach 1.2 million m during 2020, 50% higher vs. 2019 In Bogota, projects already awarded should start soon, such as 3 hospitals, “Transmilenio” extensions and a water-treatment plant. The Metro and “Regiotram” train should start cement consumption next year For 2021, the government is proposing a budget with a 10% YoY increase in physical investments, including road infrastructure, water plants, housing, among others 14|| Colombia –Infrastructure Sector 4G projects restarted first; expect industry ready-mix demand to 3 reach 1.2 million m during 2020, 50% higher vs. 2019 In Bogota, projects already awarded should start soon, such as 3 hospitals, “Transmilenio” extensions and a water-treatment plant. The Metro and “Regiotram” train should start cement consumption next year For 2021, the government is proposing a budget with a 10% YoY increase in physical investments, including road infrastructure, water plants, housing, among others 14

|| Colombia –Housing and Industrial & Commercial Sectors Cement demand from the self- construction sector recovered significantly during June Regarding formal housing, we are encouraged by the government announcement of 200,000 subsidies for low- and mid-income new housing in next 2 years In the industrial-and-commercial sector, recent trends such as telework, restricted travel and increased online shopping, could reduce demand for offices, hotels and commercial spaces 15|| Colombia –Housing and Industrial & Commercial Sectors Cement demand from the self- construction sector recovered significantly during June Regarding formal housing, we are encouraged by the government announcement of 200,000 subsidies for low- and mid-income new housing in next 2 years In the industrial-and-commercial sector, recent trends such as telework, restricted travel and increased online shopping, could reduce demand for offices, hotels and commercial spaces 15

Results Highlights PanamaResults Highlights Panama

||Panama –Results Highlights Country with the most severe 6M20 6M19 % var 2Q20 2Q19 % var COVID-19 restrictions; 41 98 -58% 7 48 -86% Net Sales construction industry fully stopped Financial Op. EBITDA 7 24 -72% -3 11 n/a during April and May Summary US$ Million as % net 16.8% 24.9% (8.1pp) -51.4% 22.1% n/a sales Despite that the government allowed certain infrastructure 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 projects to restart in June, we Cement -59% -88% -83% observed low levels of activity in Volume this sector Ready-mix -68% -99% -99% -63% -96% -95% Aggregates We implemented initiatives such 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 as hard stop of expenses, reduced working hours, among many Cement -6% -5% 0% others. However, our quarterly Price Ready-mix -6% 22% 28% (Local Currency) EBITDA was negative due to the Aggregates -5% -6% -3% extraordinary low level of sales 17||Panama –Results Highlights Country with the most severe 6M20 6M19 % var 2Q20 2Q19 % var COVID-19 restrictions; 41 98 -58% 7 48 -86% Net Sales construction industry fully stopped Financial Op. EBITDA 7 24 -72% -3 11 n/a during April and May Summary US$ Million as % net 16.8% 24.9% (8.1pp) -51.4% 22.1% n/a sales Despite that the government allowed certain infrastructure 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 projects to restart in June, we Cement -59% -88% -83% observed low levels of activity in Volume this sector Ready-mix -68% -99% -99% -63% -96% -95% Aggregates We implemented initiatives such 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 as hard stop of expenses, reduced working hours, among many Cement -6% -5% 0% others. However, our quarterly Price Ready-mix -6% 22% 28% (Local Currency) EBITDA was negative due to the Aggregates -5% -6% -3% extraordinary low level of sales 17

|| Panama – Highlights We partially resumed activities in early June for the supply of certain infrastructure projects and hardware stores Limited cement demand visibility due to COVID-19, however, government stated that infrastructure projects will drive economic reactivation th Landmark projects such as the 4 rd Bridge and 3 line of the Metro pushed for 2021. Other projects such as the “Panamamericana” highway, the Metro line 2 extension, among others, should restart construction soon 18|| Panama – Highlights We partially resumed activities in early June for the supply of certain infrastructure projects and hardware stores Limited cement demand visibility due to COVID-19, however, government stated that infrastructure projects will drive economic reactivation th Landmark projects such as the 4 rd Bridge and 3 line of the Metro pushed for 2021. Other projects such as the “Panamamericana” highway, the Metro line 2 extension, among others, should restart construction soon 18

Results Highlights Costa RicaResults Highlights Costa Rica

||Costa Rica –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 15% during 2Q20, in line with the 46 55 -17% 20 27 -26% Net Sales industry; COVID-19 restrictions Financial Op. EBITDA 14 19 -24% 7 9 -27% had a relatively mild impact during Summary US$ Million as % net this period 31.4% 34.1% (2.7pp) 32.1% 32.5% (0.4pp) sales 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Our quarterly prices in local- currency terms improved by 1% Cement -10% -15% -12% QoQ; we implemented a ~4% price Volume Ready-mix -23% -35% -29% increase for bagged cement -66% -60% 42% Aggregates effective on June 22 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin relatively Cement -8% -7% 1% stable YoY; lower fixed and Price Ready-mix -11% -11% -1% (Local Currency) variable costs offset the negative impact of the decline in volumes Aggregates 82% 35% -46% 20||Costa Rica –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 15% during 2Q20, in line with the 46 55 -17% 20 27 -26% Net Sales industry; COVID-19 restrictions Financial Op. EBITDA 14 19 -24% 7 9 -27% had a relatively mild impact during Summary US$ Million as % net this period 31.4% 34.1% (2.7pp) 32.1% 32.5% (0.4pp) sales 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Our quarterly prices in local- currency terms improved by 1% Cement -10% -15% -12% QoQ; we implemented a ~4% price Volume Ready-mix -23% -35% -29% increase for bagged cement -66% -60% 42% Aggregates effective on June 22 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin relatively Cement -8% -7% 1% stable YoY; lower fixed and Price Ready-mix -11% -11% -1% (Local Currency) variable costs offset the negative impact of the decline in volumes Aggregates 82% 35% -46% 20

|| Costa Rica –Highlights Stricter COVID-19 containment measures implemented in July; construction activity was restricted for 9 days in districts marked in “orange alert” In the infrastructure sector, ongoing projects should continue supporting cement volumes. Additionally, the “Taras-La Lima” overpass, as well as projects from the road network program financed by the Inter-American Development Bank, should start soon 21|| Costa Rica –Highlights Stricter COVID-19 containment measures implemented in July; construction activity was restricted for 9 days in districts marked in “orange alert” In the infrastructure sector, ongoing projects should continue supporting cement volumes. Additionally, the “Taras-La Lima” overpass, as well as projects from the road network program financed by the Inter-American Development Bank, should start soon 21

Results Highlights Rest of CLHResults Highlights Rest of CLH

||Rest of CLH –Results Highlights Cement volumes improved by 5% 6M20 6M19 % var 2Q20 2Q19 % var during 2Q20; volumes increased in 114 113 0% 56 57 0% Net Sales Guatemala and Nicaragua Financial Op. EBITDA 37 33 15% 20 15 29% Summary US$ Million as % net 33.0% 28.8% 4.2pp 35.5% 27.3% 8.2pp sales Our quarterly prices on a sequential basis remained stable for cement, and increased by 2% 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 for ready-mix, in local-currency Cement 5% 5% 1% terms Volume Ready-mix -10% -3% -19% -26% -38% -13% Aggregates EBITDA margin improved by 8.2pp during 2Q20; benefited in 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Guatemala by lower purchased- clinker costs, increased volumes, Cement -2% -2% 0% Price and lower corporate expenses; in Ready-mix 3% 2% 2% (Local Currency) Nicaragua by increased volumes, Aggregates 18% 8% -8% as well as lower costs and SG&A 23||Rest of CLH –Results Highlights Cement volumes improved by 5% 6M20 6M19 % var 2Q20 2Q19 % var during 2Q20; volumes increased in 114 113 0% 56 57 0% Net Sales Guatemala and Nicaragua Financial Op. EBITDA 37 33 15% 20 15 29% Summary US$ Million as % net 33.0% 28.8% 4.2pp 35.5% 27.3% 8.2pp sales Our quarterly prices on a sequential basis remained stable for cement, and increased by 2% 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 for ready-mix, in local-currency Cement 5% 5% 1% terms Volume Ready-mix -10% -3% -19% -26% -38% -13% Aggregates EBITDA margin improved by 8.2pp during 2Q20; benefited in 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Guatemala by lower purchased- clinker costs, increased volumes, Cement -2% -2% 0% Price and lower corporate expenses; in Ready-mix 3% 2% 2% (Local Currency) Nicaragua by increased volumes, Aggregates 18% 8% -8% as well as lower costs and SG&A 23

|| Guatemala – Highlights We estimate that industry volumes declined a low- to mid-single digit during 2Q20, affected by lower formal construction activity in Guatemala City However, our cement volumes improved during this period due to our relatively low exposure to the formal sector and to increased activity in our main markets We are cautiously optimistic in Guatemala’s economy and cement consumption 24|| Guatemala – Highlights We estimate that industry volumes declined a low- to mid-single digit during 2Q20, affected by lower formal construction activity in Guatemala City However, our cement volumes improved during this period due to our relatively low exposure to the formal sector and to increased activity in our main markets We are cautiously optimistic in Guatemala’s economy and cement consumption 24

|| Nicaragua –Highlights Our cement volumes improved by 9% during 2Q20 YoY Cement volumes driven by a reactivation of the self construction sector and government-sponsored projects Economic and social activity remains relatively normal as schools, shops and sporting events remain open; we are seeking to protect our employees, customers and suppliers with our Health & Safety protocols 25|| Nicaragua –Highlights Our cement volumes improved by 9% during 2Q20 YoY Cement volumes driven by a reactivation of the self construction sector and government-sponsored projects Economic and social activity remains relatively normal as schools, shops and sporting events remain open; we are seeking to protect our employees, customers and suppliers with our Health & Safety protocols 25

OTHER INFORMATION 2 Q 2 0 R e s u l t sOTHER INFORMATION 2 Q 2 0 R e s u l t s

||Free Cash Flow generation US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Free cash flow during the quarter improved YoY, mainly due to lower Op. EBITDA 75 100 29 46 Operating EBITDA -25% -36% CAPEX and a positive effect in - Net financial expense 26 27 13 13 taxes paid, despite the EBITDA decline - Maintenance Capex 4 17 2 12 - Change in working cap 19 -4 -2 -10 - Taxes paid -4 24 -11 10 CAPEX expenses were reduced to a minimum - Other cash items (net) 2 -3 1 -3 Free Cash Flow 28 41 -32% 25 23 8% After Maintenance Capex - Strategic Capex 1 1 0 1 Received tax refunds in Colombia for ~US$16 million, benefiting the 27 40 -34% 25 21 19% Free Cash Flow taxes paid line during 2Q20 27||Free Cash Flow generation US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Free cash flow during the quarter improved YoY, mainly due to lower Op. EBITDA 75 100 29 46 Operating EBITDA -25% -36% CAPEX and a positive effect in - Net financial expense 26 27 13 13 taxes paid, despite the EBITDA decline - Maintenance Capex 4 17 2 12 - Change in working cap 19 -4 -2 -10 - Taxes paid -4 24 -11 10 CAPEX expenses were reduced to a minimum - Other cash items (net) 2 -3 1 -3 Free Cash Flow 28 41 -32% 25 23 8% After Maintenance Capex - Strategic Capex 1 1 0 1 Received tax refunds in Colombia for ~US$16 million, benefiting the 27 40 -34% 25 21 19% Free Cash Flow taxes paid line during 2Q20 27

||Income Statement US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Net income reached US$11 million Net sales 362 507 -29% 148 249 -41% during 2Q20, compared with a - Cost of sales 221 313 94 158 US$4 million loss during 2Q19; net Gross profit 141 194 -27% 54 91 -40% income improved mainly due to a - Operating expenses 104 135 43 65 positive FX effect, despite lower Operating earnings (loss) before 37 60 -37% 11 26 -58% operating earnings other expenses, net - Other expenses, net 5 8 3 8 Operating earnings (loss) 33 52 -37% 8 18 -55% Positive impact in the Other - Financial expenses 26 27 13 13 income and expenses net line due - Other income (expenses), net 22 6 -17 9 to a FX effect on the financial Net income (loss) before income -15 19 12 -4 taxes balances, mainly from an 8% - Income tax 4 8 -1 0 depreciation of the U.S.-dollar Consolidated net income (loss) -20 11 11 -4 versus the Colombian peso, from - Non-controlling interest net 0 0 0 0 March 2020 to June 2020 income Controlling Interest Net Income (loss) -20 11 n/a 11 -4 n/a 28||Income Statement US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Net income reached US$11 million Net sales 362 507 -29% 148 249 -41% during 2Q20, compared with a - Cost of sales 221 313 94 158 US$4 million loss during 2Q19; net Gross profit 141 194 -27% 54 91 -40% income improved mainly due to a - Operating expenses 104 135 43 65 positive FX effect, despite lower Operating earnings (loss) before 37 60 -37% 11 26 -58% operating earnings other expenses, net - Other expenses, net 5 8 3 8 Operating earnings (loss) 33 52 -37% 8 18 -55% Positive impact in the Other - Financial expenses 26 27 13 13 income and expenses net line due - Other income (expenses), net 22 6 -17 9 to a FX effect on the financial Net income (loss) before income -15 19 12 -4 taxes balances, mainly from an 8% - Income tax 4 8 -1 0 depreciation of the U.S.-dollar Consolidated net income (loss) -20 11 11 -4 versus the Colombian peso, from - Non-controlling interest net 0 0 0 0 March 2020 to June 2020 income Controlling Interest Net Income (loss) -20 11 n/a 11 -4 n/a 28

||Consolidated debt as of June 30, 2020 US$ Million US$785 M total debt, US$78 M cash 465 US$707 M net debt 4.1x Net Debt / LTM EBITDA 166 90 42 Net debt reduced by US$28 M, from US$734 M as of March to 2023 2024 2020 2021 2022 US$707 M as of June, however, our Borrower Lender Currency Cost US$ M Maturity leverage ratio increased by 0.2x Cementos Bayano S.A. Local Banks USD 5.25% 8 2020 1 4 due to lower EBITDA CEMEX Colombia S.A. Local Banks COP 7.71% 34 2020 1 4 Cementos Bayano S.A. Lomez International B.V USD 6ML + 360 bps 90 Dec - 2022 3 1 CCL Lomez International B.V USD Fixed 5.65% 465 Feb-2023 3 2 As a precautionary measure, we CEMEX Colombia S.A. CEMEX España S.A. USD 6ML + 277 bps 166 Dec-2024 3 1 obtained short term financings that Other debt (Leases) 22 increased our cash by US$40 M. Average Cost / Total USD 4.86% 785 5 As the visibility on our markets improve, we expect to deploy our (1) Subsidiary company of CEMEX Latam Holdings S.A. (2) Refers to “Corporación Cementera Latinoamericana”. Subsidiary company of CEMEX Latam Holdings S.A. cash to pay down debt (3) Subsidiary company of CEMEX, S.A.B. de C.V. (4) Weighted Average Cost 29 (5) Weighted Average Cost of U.S. dollar denominated debt ||Consolidated debt as of June 30, 2020 US$ Million US$785 M total debt, US$78 M cash 465 US$707 M net debt 4.1x Net Debt / LTM EBITDA 166 90 42 Net debt reduced by US$28 M, from US$734 M as of March to 2023 2024 2020 2021 2022 US$707 M as of June, however, our Borrower Lender Currency Cost US$ M Maturity leverage ratio increased by 0.2x Cementos Bayano S.A. Local Banks USD 5.25% 8 2020 1 4 due to lower EBITDA CEMEX Colombia S.A. Local Banks COP 7.71% 34 2020 1 4 Cementos Bayano S.A. Lomez International B.V USD 6ML + 360 bps 90 Dec - 2022 3 1 CCL Lomez International B.V USD Fixed 5.65% 465 Feb-2023 3 2 As a precautionary measure, we CEMEX Colombia S.A. CEMEX España S.A. USD 6ML + 277 bps 166 Dec-2024 3 1 obtained short term financings that Other debt (Leases) 22 increased our cash by US$40 M. Average Cost / Total USD 4.86% 785 5 As the visibility on our markets improve, we expect to deploy our (1) Subsidiary company of CEMEX Latam Holdings S.A. (2) Refers to “Corporación Cementera Latinoamericana”. Subsidiary company of CEMEX Latam Holdings S.A. cash to pay down debt (3) Subsidiary company of CEMEX, S.A.B. de C.V. (4) Weighted Average Cost 29 (5) Weighted Average Cost of U.S. dollar denominated debt

|| 2020 Guidance Total CAPEX US$25 M Maintenance US$20 M Strategic US$5 M Cash Taxes US$35 M 30|| 2020 Guidance Total CAPEX US$25 M Maintenance US$20 M Strategic US$5 M Cash Taxes US$35 M 30

||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. 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, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; 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; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; 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 operations, sales in general, sales 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 subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); 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 31 products.||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. 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, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; 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; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; 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 operations, sales in general, sales 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 subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); 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 31 products.

RESULTS 2Q20 J u l y 2 7 , 2 0 2 0RESULTS 2Q20 J u l y 2 7 , 2 0 2 0

||Contact Information Investor Relations Stock Information Pablo Gutiérrez, CFA Colombian Stock Exchange Phone: +57(1) 603-9051 CLH E-mail: pabloantonio.gutierrez@cemex.com Juan Camilo Álvarez Phone: +57(1) 603-9909 E-mail: juancamilo.alvarez@cemex.com 33||Contact Information Investor Relations Stock Information Pablo Gutiérrez, CFA Colombian Stock Exchange Phone: +57(1) 603-9051 CLH E-mail: pabloantonio.gutierrez@cemex.com Juan Camilo Álvarez Phone: +57(1) 603-9909 E-mail: juancamilo.alvarez@cemex.com 33