UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM SD

Specialized Disclosure Report

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

(Exact name of registrant as specified in its charter)

CEMEX PUBLICLY TRADED STOCK CORPORATION WITH VARIABLE CAPITAL

(Translation of Registrant’s name into English)

Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre, San Pedro Garza García,

Nuevo León, 66265, Mexico

(Address of principal executive offices)

Roger Saldaña Madero,

+52 81 8888-8888, +52 81 8888-4399,

Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre, San Pedro Garza García,

Nuevo León, 66265, Mexico

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:

Section 1 – Conflict Minerals Disclosure

Item 1.01 Conflict Minerals Disclosure and Report

Not applicable.

Item 1.02 Exhibit

Not applicable.

Section 2—Resource Extraction Issuer Disclosure

Item 2.01 Resource Extraction Issuer Disclosure and Report

Disclosure of payments by resource extraction issuers.

(a) Required Disclosure

Section 13(q) of the Securities Exchange Act of 1934, as amended, and Rule 13q-1 and Form SD promulgated thereunder (collectively, the “Resource Extraction Payment Rules”) require resource extraction issuers to disclose payments made to the U.S. federal government or a foreign government (each, a “government” and collectively, “governments”) for the purpose of the commercial development of oil, natural gas, or minerals.

In accordance with the Resource Extraction Payment Rules, this Form SD provides a consolidated overview of payments made to governments for the commercial development of minerals by Cemex, S.A.B. de C.V. (the “Company,” “Cemex,” “we,” or “our”) and our consolidated subsidiaries for the year ended December 31, 2023. The term “Cemex” is used interchangeably within this report to indicate Cemex or any subsidiary undertaking within the scope of the report. Terms and phrases used but not defined in this Form SD have the meanings provided under the Resource Extraction Payment Rules.

The specified payment disclosure required by this Form is included in Exhibit 99.1 to this Form SD.

All payments are reported on a cash basis in U.S. dollars. Foreign currency payments are converted using the exchange rate that existed at the time the payment was made.

Because the scope and basis for preparation of this Form SD is in accordance with the Resource Extraction Payment Rules, amounts reported in this Form SD may be different from disclosures in Cemex’s other publicly available financial reports, including those found within Cemex’s periodic reports filed with the U.S. Securities and Exchange Commission.

Activities within the scope of the report:

This report discloses payments made by Cemex to governments for the commercial development of minerals, such as limestone, clay, sand and gravel, crushed stone, and other extracted materials such as gypsum, pozzolans and silica sand, which involves the exploration, extraction, processing, and export of such minerals, or the acquisition of a license for any such activity.

Our business segments:

We disclose our segment information presenting fifteen reportable operating segments under IFRS 8. We operate geographically and by line of business on a regional basis. During the fiscal year ended December 31, 2023, our operations were organized in four geographical regions, each under the supervision of a regional president, as follows: 1) Mexico, 2) United States, 3) Europe, Middle East, Africa and Asia (“EMEAA”), comprising 11 operating segments, of which four operating segments were aggregated into a single reportable operating segment, and 4) South, Central America and the Caribbean (“SCA&C”), comprising 12 operating segments, of which nine operating segments were aggregated into two reportable operating segments.

Properties:

Currently, our mining properties are classified as follows: (i) production stage, which include properties with reported proven or probable reserves where we have active mining operations; (ii) development stage, which include properties with reported proven or probable reserves where we do not have active mining operations; and (iii) exploration stage, which include properties with no reported reserves. As of December 31, 2023, we had 303 cement raw materials and aggregates properties in the production stage, 64 properties in the development stage and 18 properties in the exploration stage.

The types of mineral being commercially developed at all of our mining properties are similar (limestone, clay, sand, and gravel). Likewise, the types of mines mostly used to extract raw materials for our projects and in the production of aggregates and cement are open pit or open cut, which relate to deposits of economically useful minerals or rocks that are found near the land surface. Open-pit mines that produce raw materials for our industry are commonly referred to as quarries. As of December 31, 2023, 135 cement raw materials quarries were in the production and development stage and nine quarries were in exploration stage across our global operations, serving our facilities dedicated to cement production. Consequently, we have disclosed payments for mining properties as separate projects segregated by major subnational political jurisdiction where the commercial development of the resource is taking place. Separately, for those major subnational jurisdictions where we do not maintain any mining properties or quarries and make payments in connection with the commercial development of minerals, we have disclosed such payments at the national and subnational government level.

Payment types:

(b) Delayed Reporting

None.

Section 3 – Exhibits

Item 3.01 Exhibits

The following exhibits are included as part of this report:

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

Exhibit 99.1

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

Report on Payments to Governments

January 1^st to December 31^st 2023

Contents

Payment overview

The table below shows the payments to governments made by Cemex during the period from January 1^st to December 31^st 2023, disclosed by country and payment type.

Overview

1

Payments by country

Bahamas

2

Bosnia and Herzegovina

3

Canada

Project-level Disclosure

4

Colombia

National

Regional/Local

5

Project-level Disclosure

6

Croatia