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 October, 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 October 27, 2016, announcing third quarter 2016 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
2.	Third 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 third 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: October 27, 2016	 	By:	 	/s/ Rafael Garza	
 	 	 	 	Name:  Rafael Garza	
 	 	 	 	Title:    Chief Comptroller	

EXHIBIT INDEX

EXHIBIT
NO.	  	DESCRIPTION	
 	 	
1.	  	Press release, dated October 27, 2016, announcing third quarter 2016 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 	 	
2.	  	Third 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 third quarter 2016 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	

Exhibit 1

Media Relations	 	Investor Relations	
Paula Andrea Escobar	 	Jesús Ortiz	
+57 (1) 603-9079
paulaandrea.escobar@cemex.com	 	+57 (1) 603-9051
jesus.ortizd@cemex.com	

CEMEX LATAM HOLDINGS REPORTS
THIRD QUARTER 2016 RESULTS
 
 	•	 	Controlling interest net income during the third quarter of 2016 increased by 23%, reaching US$43 million compared to the third quarter of 2015	
 
 	•	 	EBITDA and free cash flow after total capex during the third quarter grew by 3% and 90%, respectively, on a year-over-year basis	
BOGOTÁ, COLOMBIA. OCTOBER 27, 2016 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that consolidated net sales reached US$1,012 million in the first nine months of 2016. Consolidated net sales decreased by 8% during the first nine months of 2016 compared to same period of 2015. This decline is mainly explained as a result of foreign exchange fluctuations and the effect of lower cement volumes from our operations in Panama and Costa Rica. Adjusting for foreign-exchange fluctuations, consolidated net sales in the first nine months of the year decreased by 1%.
During the third quarter of 2016, consolidated net sales decreased by 4% on a year-over-year basis. This decline is mainly explained by lower sales from our operations in Colombia, Panama and Costa Rica.
Operating EBITDA during the third quarter of 2016 increased by 3%, while for the first nine months of the year decreased by 2%, compared to the same periods in 2015. Adjusting for foreign-exchange fluctuations, operating EBITDA in the first nine months of the year increased by 6% versus the same period in 2015.
During the first nine months of 2016, our consolidated cement, ready-mix and aggregates volumes declined by 1%, 10% and 15%, respectively, compared to 2015.
Jaime Muguiro, CEO of CLH, said, “Despite challenging demand dynamics in markets like Colombia, Panama and Costa Rica, we have delivered strong results. Our EBITDA increased 3% despite of a decline of 4% in net sales, supported by EBITDA margin expansion in all of our operations, compared with the same period in 2015.”
CLH’s Financial and Operational Highlights
 
 	•	 	Adjusting for the effect of foreign-exchange fluctuations, net sales and EBITDA in Colombia increased by 5% and 6%, respectively, during the first nine months of the year on a year- over-year basis.	
 
 	•	 	During the first nine months of the year, cement volumes in Colombia increased by 2%, while ready-mix and aggregates volumes decreased by 9% and 15%, respectively, compared with the same period a year ago.	
 
 	•	 	In Panama, during the third quarter EBITDA and EBITDA margin increased by 8% and 5.1pp, respectively, compared to same period in 2015.	
 
1

 	•	 	Free cash flow after total capital expenditures reached US$73 million during the first nine months of 2016. Strategic capital expenditures were US$32 million in the quarter used mainly for our capacity expansion project in Colombia.	
Jaime Muguiro added, “We are encouraged by our free-cash-flow generation after total capex, which during the third quarter increased 90% year over year. Our strong cash flow generation was supported by successful working capital initiatives. Our average working capital days in the third quarter were negative for the second consecutive quarter, decreasing by 18 days compared with the third quarter 2015. We have released close to US$70 million in working capital investment in the past 12 months”
Consolidated Corporate Results
During the third quarter of 2016, controlling interest net income reached US$43 million, increasing 23% compared to the same period of 2015.
Net debt was reduced during the third quarter of 2016 to US$969 million. 
Geographical Markets Third Quarter 2016 Highlights
Operating EBITDA in Colombia decreased by 1% to US$60 million versus US$61 million in the third quarter of 2015, with a decline of 2% in net sales reaching US$173 million.
In Panama, operating EBITDA increased by 8% to US$32 million during the quarter, while EBITDA margin grew 5.1pp on a year-over-year basis. Net sales reached US$70 million in the third quarter of 2016, a decrease of 4% compared with the same period in 2015.
In Costa Rica, operating EBITDA reached US$14 million during the quarter, decreasing by 6% compared to the same period a year ago. Net sales declined by 9% to US$38 million, compared with the third quarter of 2015.
In the Rest of CLH operating EBITDA increased by 16% to US$20 million during the quarter, while EBITDA margin grew 5.6pp on a year-over-year basis. Net sales reached US$64 million in the third quarter of 2016, a decrease of 5% 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

Exhibit 2

2016
THIRD QUARTER RESULTS
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

 
OPERATING AND FINANCIAL HIGHLIGHTS
    January—SeptemberThird Quarter
2016    2015% var20162015% var
Consolidated cement volume    5,666 5,4973%1,8921,8771%
Consolidated domestic gray cement    4,976 5,035(1%)1,6701,728(3%)
Consolidated ready-mix volume    2,355 2,629(10%)795876(9%)
Consolidated aggregates volume    5,547 6,548(15%)1,8692,179(14%)
Net sales    1,012 1,102(8%)340354(4%)
Gross profit    496 521(5%)1681651%
as % of net sales    49.0% 47.3%1.7pp49.3%46.6%2.7pp
Operating earnings before other    
276    281(2%)92903%
expenses, net    
as % of net sales    27.2% 25.5%1.7pp27.1%25.3%1.8pp
Controlling interest net income (loss)    143 11722%433523%
Operating EBITDA    340 346(2%)1141103%
as % of net sales    33.6% 31.4%2.2pp33.4%31.0%2.4pp
Free cash flow after maintenance    
181    188(4%)5451N/A
capital expenditures    
Free cash flow    73 79(7%)221290%
Net debt    969 1,060(9%)9691,060(9%)
Total debt    1,016 1,118(9%)1,0161,118(9%)
Earnings per share    0.26 0.2123%0.080.0626%
Shares outstanding at end of period    556 5560%5565560%
Employees    4,724 4,947(5%)4,7244,947(5%)
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 third quarter of 2016 declined by 4% compared to the third quarter of 2015. This decline is explained mainly as a result of lower cement volumes from our operations in Colombia, Panama and Costa Rica.
For the first nine months of 2016 consolidated net sales decreased by 8%, compared to the same period in 2015.
Cost of sales as a percentage of net sales during the first nine months of the year decreased by 1.7pp from 52.7% to 51.0% on a year-over-year basis.
Operating expenses as a percentage of net sales during the first nine months of the year was 21.8%, which was the same value in the first nine months of 2015.
Operating EBITDA during the third quarter of 2016 increased by 3% compared to the third quarter of 2015. This increase is mainly explained by higher cement volumes in Rest of CLH, operational
efficiencies in Panama, Nicaragua and Guatemala, more favorable exchange rates against the US dollar, and lower maintenance works during the quarter compared with the same period in 2015.
During the first nine months of the year operating EBITDA decreased by 2%, compared to the same period last year.
Operating EBITDA margin during the third quarter of 2016 increased by 2.4pp, compared to the third quarter of 2015. During the first nine months of the year operating EBITDA margin increased by 2.2pp compared with the same period last year.
Controlling interest net income during the third quarter of 2016 increased by 23% reaching US$43 million compared to the third quarter of 2015. During the first nine months of the year we registered a Controlling interest net income of US$143 million, increasing by 22% compared to the same period a year ago.
Total debt during the third quarter reached US$1,016 million.
2016 Third Quarter Results                 Page 2

 
OPERATING RESULTS
Colombia
January—September    Third Quarter
2016    2015% var20162015% var
Net sales    512 551(7%)173177(2%)
Operating EBITDA    176 189(7%)6061(1%)
Operating EBITDA margin    34.4% 34.2%0.2pp34.9%34.4%0.5pp
In millions of US dollars, except percentages.    
Domestic gray cement    Ready-MixAggregates
January -    January -January -
    Third QuarterThird QuarterThird Quarter
September    SeptemberSeptember
Volume    2% (5%)(9%)(8%)(15%)(12%)
Price (USD)    (6%) 1%(8%)6%(1%)12%
Price (local currency)    7% (1%)5%4%13%10%
Year-over-year percentage variation.
In Colombia, during the third quarter our domestic gray cement, ready-mix and aggregates volumes decreased by 5%, 8% and 12%, respectively, compared to the third quarter of 2015. For the first nine months, our domestic gray cement volumes increased by 2%, while our ready-mix and aggregates volumes decreased by 9% and 15%, respectively, compared to the same period in 2015.
During the third quarter volumes were affected by weaker demand as well as a transportation strike. Adjusting for the effect of the strike, our quarterly cement volumes declined by around 3%. During the quarter, our cement market position improved versus the third quarter of last year and remained stable sequentially. For the first nine months of this year, our cement prices in local currency increased 7% versus the same period of 2015.
Panama
January—September    Third Quarter
2016    2015% var20162015% var
Net sales    200 224(11%)7073(4%)
Operating EBITDA    90 92(1%)32308%
Operating EBITDA margin    45.3% 40.9%4.4pp46.4%41.3%5.1pp
In millions of US dollars, except percentages.    
Domestic gray cement    Ready-MixAggregates
January -    January -January -
    Third QuarterThird QuarterThird Quarter
September    SeptemberSeptember
Volume    (16%) (5%)(8%)(2%)(9%)(9%)
Price (USD)    2% (0%)(4%)(2%)(2%)0%
Price (local currency)    2% (0%)(4%)(2%)(2%)0%
Year-over-year percentage variation.    
In Panama during the third quarter our domestic gray cement, ready-mix and aggregates volumes decreased by 5%, 2% and 9%, respectively, compared to the third quarter of 2015. For the first nine months of the year, our domestic gray cement, ready-mix and aggregates volumes decreased by 16%, 8% and 9% ,respectively, compared to the same period in 2015.    The decline during the third quarter in our cement volumes is mainly explained by sales to the Panama Canal expansion project in 3Q16 and a high comparison base in the Industrial and Commercial sector. Adjusting for the effect of the dispatches to the Canal expansion project, our quarterly cement dispatches are 1.6% lower.
2016 Third Quarter Results                 Page 3

 
OPERATING RESULTS
Costa Rica    
January—September    Third Quarter
2016    2015% var20162015% var
Net sales    120 131(9%)3841(9%)
Operating EBITDA    49 54(10%)1415(6%)
Operating EBITDA margin    40.7% 41.3%(0.6pp)36.8%35.7%1.1pp
In millions of US dollars, except percentages.    
Domestic gray cement    Ready-MixAggregates
January -    January -January -
    Third QuarterThird QuarterThird Quarter
September    SeptemberSeptember
Volume    (13%) (10%)(5%)0%13%32%
Price (USD)    (4%) (5%)4%(4%)3%11%
Price (local currency)    (3%) (2%)6%(1%)5%14%
Year-over-year percentage variation.    
In Costa Rica, during the third quarter our domestic gray cement declined by 10%, our ready-mix volumes remained flat and our aggregates volumes increased by 32%, compared to the third quarter of 2015. For the first nine months of the year, our domestic gray cement and ready-mix volumes declined by 13% and 5%, respectively, while our aggregates volumes increased by 13%, compared to 2015.
The decline in our cement volumes during the third quarter and the first nine months of the year reflects a high comparison base related to dispatches to infrastructure projects in 2015, and a lack of execution of new public works this year.
Rest of CLH    
January—September    Third Quarter
2016    2015% var20162015% var
Net sales    197 209(5%)6467(5%)
Operating EBITDA    65 5713%201816%
Operating EBITDA margin    32.8% 27.5%5.3pp31.8%26.2%5.6pp
In millions of US dollars, except percentages.    
Domestic gray cement    Ready-MixAggregates
January -    January -January -
    Third QuarterThird QuarterThird Quarter
September    SeptemberSeptember
Volume    9% 6%(38%)(48%)(66%)(75%)
Price (USD)    (3%) 0%(2%)(0%)(12%)(5%)
Price (local currency)    (0%) 0%(0%)0%(8%)(0%)
Year-over-year percentage variation.    
In the Rest of CLH region, which includes our operations in Nicaragua, Guatemala, El Salvador and Brazil, during the third quarter of 2016 our domestic gray cement volumes increased by 6%, while our ready-mix and aggregates volumes declined by 48% and 75%, respectively, compared to the third quarter of 2015. During the first nine months of the year, our domestic gray cement volumes increased by 9%, while our ready-mix and aggregates volumes decreased by 38% and 66%, respectively, compared to same period in 2015.
Cement volume growth during the third quarter reflects positive demand dynamics in the industrial and commercial sector in Guatemala, as well as the infrastructure sector in Nicaragua.
2016 Third Quarter Results                 Page 4

 
OPERATING EBITDA, FREE CASH FLOW AND DEBT RELATED INFORMATION
Operating EBITDA and free cash flow
    January—SeptemberThird Quarter
2016    2015% var20162015% var
Operating earnings before other expenses, net    276 281(2%)93902%
+ Depreciation and operating amortization    64 652120
Operating EBITDA    340 346(2%)1141103%
- Net financial expense    49 582017
- Capital expenditures for maintenance    32 261013
- Change in working Capital    (17) (24)52
- Taxes paid    85 872124
- Other cash items (Net)    10 1143
Free cash flow after maintenance capital exp    181 188(4%)54516%
- Strategic Capital expenditures    108 1093239
Free cash flow    73 79(7%)221290%
In millions of US dollars, except percentages.    
Information on Debt    
    Second
    Third QuarterThird Quarter
    Quarter
2016    2015% var201620162015
Total debt 1, 2    1,016 1,1189%1,034Currency denomination
Short term    27% 13%25%U.S. dollar97%99%
Long term    73% 87%75%Colombian peso3%1%
Cash and cash equivalents    47 58(19%)51Interest rate
Net debt    969 1,060(9%)984Fixed76%78%
    Variable24%22%
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.    
2016 Third 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—September    Third Quarter
INCOME STATEMENT    2016 2015% var20162015% var
Net sales    1,012,153 1,102,080(8%)340,077354,481(4%)
Cost of sales    (516,042) (580,765)11%(172,302)(189,130)9%
Gross profit    496,111 521,315(5%)167,775165,3511%
Operating expenses    (220,552) (239,849)8%(75,691)(75,558)(0%)
Operating earnings before other expenses, net    275,559 281,466(2%)92,08289,7933%
Other expenses, net    (2,707) (12,907)79%(2,433)(5,792)58%
Operating earnings    272,852 268,5592%89,64984,0017%
Financial expenses    (49,329) (58,272)15%(19,951)(17,708)(13%)
Other income (expenses), net    12,443 (17,922)N/A882(15,893)N/A
Net income before income taxes    235,966 192,36523%70,58050,40040%
Income tax    (92,047) (74,826)(23%)(27,531)(15,594)(77%)
Consolidated net income    143,919 117,53922%43,04934,80624%
Non-controlling Interest Net Income    (518) (415)(25%)(205)(108)(90%)
Controlling Interest Net Income    143,401 117,12422%42,84434,69823%
    00
Operating EBITDA    339,583 346,283(2%)113,532109,9353%
Earnings per share    0.26 0.2123%0.080.0626%
    as of September 30
BALANCE SHEET    2016 2015% var
Total Assets    3,376,607 3,267,7483%
Cash and Temporary Investments    46,761 58,448(20%)
Trade Accounts Receivables    115,804 105,04510%
Other Receivables    42,953 47,950(10%)
Inventories    70,867 91,687(23%)
Other Current Assets    13,563 15,248(11%)
Current Assets    289,948 318,378(9%)
Fixed Assets    1,247,216 1,053,68018%
Other Assets    1,839,443 1,895,690(3%)
Total Liabilities    1,869,004 1,924,171(3%)
Current Liabilities    575,949 404,60242%
Long-Term Liabilities    1,284,515 1,509,945(15%)
Other Liabilities    8,540 9,624(11%)
Consolidated Stockholders’ Equity    1,507,603 1,343,57712%
Non-controlling Interest    5,938 5,21414%
Stockholders’ Equity Attributable to Controlling Interest    1,501,665 1,338,36312%
2016 Third 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—September    Third Quarter
INCOME STATEMENT    2016 2015% var20162015% var
Net sales    3,075,558 2,952,3714%1,008,3851,073,967(6%)
Cost of sales    (1,568,061) (1,555,817)(1%)(510,904)(573,004)11%
Gross profit    1,507,497 1,396,5548%497,481500,963(1%)
Operating expenses    (670,175) (642,533)(4%)(224,436)(228,917)2%
Operating earnings before other expenses, net    837,322 754,02111%273,039272,0460%
Other expenses, net    (8,225) (34,577)76%(7,213)(17,549)59%
Operating earnings    829,097 719,44415%265,826254,4974%
Financial expenses    (149,892) (156,106)4%(59,158)(53,649)(10%)
Other income (expenses), net    37,809 (48,012)N/A2,615(48,150)N/A
Net income before income taxes    717,014 515,32639%209,283152,69837%
Income tax    (279,698) (200,452)(40%)(81,636)(47,245)(73%)
Consolidated net income    437,316 314,87439%127,647105,45321%
Non-controlling Interest Net Income    (1,574) (1,111)(42%)(608)(327)(86%)
Controlling Interest Net Income    435,742 313,76339%127,039105,12621%
Operating EBITDA    1,031,867 927,66011%336,641213,25658%
Earnings per share    786.01 566.1639%229.43189.6121%
    as of September 30
BALANCE SHEET     20162015% var
Total Assets     9,724,45910,201,715(5%)
Cash and Temporary Investments     134,670182,470(26%)
Trade Accounts Receivables     333,510327,9452%
Other Receivables     123,702149,697(17%)
Inventories     204,093286,241(29%)
Other Current Assets     39,06247,604(18%)
Current Assets     835,037993,957(16%)
Fixed Assets     3,591,9203,289,5269%
Other Assets     5,297,5025,918,232(10%)
Total Liabilities     5,382,6386,007,148(10%)
Current Liabilities     1,658,7051,263,14231%
Long-Term Liabilities     3,699,3374,713,959(22%)
Other Liabilities     24,59630,047(18%)
Consolidated Stockholders’ Equity     4,341,8214,194,5674%
Non-controlling Interest     17,10116,2795%
Stockholders’ Equity Attributable to Controlling Interest    4,324,720 4,178,2884%
2016 Third 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
January—September    Third Quarter
2016    2015% var20162015% var
NET SALES    
Colombia    511,785 551,323(7%)172,804177,065(2%)
Panama    199,609 223,916(11%)69,82772,973(4%)
Costa Rica    119,535 130,959(9%)37,87141,476(9%)
Rest of CLH    197,161 208,549(5%)64,09267,208(5%)
Others and intercompany eliminations    (15,937) (12,667)(26%)(4,517)(4,241)(7%)
TOTAL    1,012,153 1,102,080(8%)340,077354,481(4%)
GROSS PROFIT    
Colombia    242,872 263,103(8%)82,89583,522(1%)
Panama    100,342 102,703(2%)35,98633,9796%
Costa Rica    62,056 68,767(10%)18,94019,134(1%)
Rest of CLH    80,535 75,2747%26,22124,3528%
Others and intercompany eliminations    10,306 11,468(10%)3,7334,364(14%)
TOTAL    496,111 521,315(5%)167,775165,3511%
OPERATING EARNINGS BEFORE OTHER EXPENSES, NET    
Colombia    156,487 168,556(7%)53,42354,847(3%)
Panama    76,834 77,549(1%)27,88025,40410%
Costa Rica    43,926 49,260(11%)12,31313,232(7%)
Rest of CLH    60,570 53,56913%19,00616,44916%
Others and intercompany eliminations    (62,258) (67,468)8%(20,540)(20,139)(2%)
TOTAL    275,559 281,466(2%)92,08289,7933%
OPERATING EBITDA    
Colombia    176,054 188,502(7%)60,27760,920(1%)
Panama    90,364 91,526(1%)32,42030,1438%
Costa Rica    48,615 54,066(10%)13,94314,814(6%)
Rest of CLH    64,745 57,24713%20,35117,59016%
Others and intercompany eliminations    (40,195) (45,058)11%(13,459)(13,532)1%
TOTAL    339,583 346,283(2%)113,532109,9353%
OPERATING EBITDA MARGIN    
Colombia    34.4% 34.2%34.9%34.4%
Panama    45.3% 40.9%46.4%41.3%
Costa Rica    40.7% 41.3%36.8%35.7%
Rest of CLH    32.8% 27.5%31.8%26.2%
TOTAL    33.6% 31.4%33.4%31.0%
2016 Third 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—September    Third Quarter
2016    2015% var20162015% var
Total cement volume 1    5,666 5,4973%1,8921,8771%
Total domestic gray cement volume    4,976 5,035(1%)1,6701,728(3%)
Total ready-mix volume    2,355 2,629(10%)795876(9%)
Total aggregates volume    5,547 6,548(15%)1,8692,179(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—September    Third QuarterThird Quarter 2016
2016 vs. 2015    2016 vs. 2015vs. Second Quarter 2016
DOMESTIC GRAY CEMENT    
Colombia    2% (5%)(1%)
Panama    (16%) (5%)8%
Costa Rica    (13%) (10%)(5%)
Rest of CLH    9% 6%(8%)
READY-MIX    
Colombia    (9%) (8%)(5%)
Panama    (8%) (2%)8%
Costa Rica    (5%) 0%1%
Rest of CLH    (38%) (48%)(23%)
AGGREGATES    
Colombia    (15%) (12%)(5%)
Panama    (9%) (9%)(0%)
Costa Rica    13% 32%(1%)
Rest of CLH    (66%) (75%)(14%)
2016 Third Quarter Results     Page 9

 
OPERATING RESULTS
Price Summary
Variation in U.S. dollars
January—September    Third QuarterThird Quarter 2016
2016 vs. 2015    2016 vs. 2015vs. Second Quarter 2016
DOMESTIC GRAY CEMENT    
Colombia    (6%) 1%(4%)
Panama    2% (0%)(0%)
Costa Rica    (4%) (5%)(4%)
Rest of CLH    (3%) 0%(1%)
READY-MIX    
Colombia    (8%) 6%1%
Panama    (4%) (2%)1%
Costa Rica    4% (4%)(11%)
Rest of CLH    (2%) (0%)2%
AGGREGATES    
Colombia    (1%) 12%(2%)
Panama    (2%) 0%5%
Costa Rica    3% 11%(4%)
Rest of CLH    (12%) (5%)(0%)
For Rest of CLH, volume-weighted average prices.    
Variation in local currency    
January—September    Third QuarterThird Quarter 2016
2016 vs. 2015    2016 vs. 2015vs. Second Quarter 2016
DOMESTIC GRAY CEMENT    
Colombia    7% (1%)(4%)
Panama    2% (0%)(0%)
Costa Rica    (3%) (2%)(2%)
Rest of CLH    (0%) 0%5%
READY-MIX    
Colombia    5% 4%1%
Panama    (4%) (2%)1%
Costa Rica    6% (1%)(9%)
Rest of CLH    (0%) 0%29%
AGGREGATES    
Colombia    13% 10%(2%)
Panama    (2%) 0%5%
Costa Rica    5% 14%(2%)
Rest of CLH    (8%) (0%)13%
For Rest of CLH, volume-weighted average prices.    
2016 Third Quarter Results     Page 10

 
OTHER ACTIVITIES AND INFORMATION
CEMEX Latam Holdings has decided to postpone the commissioning of the Maceo plant
CEMEX Latam Holdings has decided to postpone the commissioning of the Maceo plant for the following reasons which have resulted from the ongoing audits: (i) there are certain pending permits required to finalize the access road to the plant in Maceo. Assuming such permits are obtained in due course, CEMEX Latam Holdings currently estimates that the access road could take until July 2017 to be finalized and ready to use. Using the only existing access to the plant today rather than the one being built would increase safety hazards and would likely limit the capacity to transport products from the plant in Maceo; (ii) CEMEX Colombia has requested to expand the trade zone, commissioning the new clinker line in Maceo without such expansion of the trade zone would put at risk our ability to consolidate tax benefits that would otherwise be available to CEMEX Colombia. It is possible a final decision regarding this request to expand the trade zone may not be made due to the eminent domain process that is ongoing. As a result, in order to protect the expected benefits from the trade zone, CEMEX Latam Holdings will not commission the clinker line until the trade zone is expanded to cover all of the Maceo cement facility; and (iii) the environmental license for the Maceo project is held by one of
CEMEX Latam Holdings’ subsidiaries, Central de Mezclas S.A., but that transfer to it of the corresponding mining title was not formalized, as the mining title has reverted back to C.I. Calizas y Minerales. As a result, the environmental license and mining right are held by different entities, which is contrary to the common practice of having the environmental license follow the mining permit. In any event, CEMEX Colombia will continue to use and
enjoy the land, mining and environmental rights under its current contracts entered into with representatives of the Government of Colombia. CEMEX Latam Holdings has also determined that the environmental license which was issued for the Maceo project is partially superposed with a District of Integrated Management (Distrito de manejo integrado). CEMEX Colombia will work with the corresponding environmental agency and address this issue and assess its overall impact. The assessment to be made will be to verify if on the basis of applicable Colombian regulations the environmental license can continue to be exercised as is and on the basis of the principle of presumption of its legality. In addition, CEMEX Colombia has also confirmed it will need to modify the environmental license as to allow it to increase the production up to the 950.000 tons per year of required mineral exploitation. It is possible this process could also be impacted by the existing eminent domain proceedings. CEMEX Colombia will continue to work to address these matters as promptly as possible.
According to CEMEX Latam Holdings’ current estimates of consumption and market growth in Colombia, taking into account its existing capacity (not including the Maceo plant), CEMEX Latam Holdings currently expects that it should not suffer any material adverse impact to its business operations for postponing the commissioning of the Maceo plant. However, CEMEX Latam Holdings will continue to work on commissioning the plant as soon as reasonably possible in order to capture the full benefits of this state of the art facility on its operating efficiencies in Colombia and to contribute to the development of the region.
2016 Third Quarter Results                 Page 11

 
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 used to convert: (i) the balance sheet as of September 30, 2016 and September 30, 2015 was $2,879.95 and $3,121.94 Colombian pesos per US dollar, respectively, and (ii) the consolidated results for the third quarter of 2016 and for the third quarter of 2015 were $2,965.17 and $3,029.69 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—September    January—SeptemberThird Quarter
2016 closing    2015 closing2016 average2015 average2016 average2015 average
Colombian peso    2,879.95 3,121.943,038.632,678.912,965.173.029,69
Panama balboa    1.00 1.001.001.001.001.00
Costa Rica colon    558.80 541.04549.45540.84557.87544.93
Euro    1.1235 1.11740.00001.10851.12000.7655
Amounts provided in units of local currency per US dollar.    
2016 Third Quarter Results     Page 12

 
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.
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 Third Quarter Results                 Page 13

Exhibit 3

RESULTS 3Q16
October 27, 2016

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,” “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

Financial Results Summary
Net Sales Operating EBITDA
(US$M)(US$M)
-8%
1,102 -4%
1,012—2%
354
340 346 340 3%
110 114
9M15 9M16 3Q15 3Q16 9M15 9M16 3Q15 3Q16
Main achievements 3Q16
- Higher EBITDA margins in all of our operations vs. 3Q15
- Highest EBITDA margin in Nicaragua
—Lowest consolidated average working capital days
EBITDA grew 3% in 3Q16
compared with 3Q15, despite a decline of 4% in net sales
EBITDA increased 6% in the first 9 months of 2016
on a like-to-like basis1 vs. same period in 2015
(1)	 	Adjusted for foreign-exchange fluctuations	
3	 	 	

Financial Results Summary
Operating EBITDA Margin (%)
9M15 31.4%
2. 2pp
9M16 33.6%
3Q15 31.0%
4pp 2.
3Q16 33.4%
EBITDA Margin increased in 3Q16 and 9M16
compared with same periods in 2015
Third consecutive quarter of EBITDA margin growth
on a year-over-year basis
Margin expansion mainly explained by:
—Value before volume strategy
—Cost management initiatives
—Lower maintenance expenses
—Higher efficiencies in our operations 4

Consolidated Volumes and Prices
9M16vs.	 	3Q16 vs. 3Q16 vs.	
9M15 3Q15 2Q16
Volume(1%)(3%)(2%)
Domestic
gray Price (USD)(4%) 0%(3%)
cement
Price (LtL1 ) 3%(1%) 7%
Volume(10%)(9%)(3%)
Ready-mix
concrete Price (USD)(6%) 3% 1%
Price (LtL1 ) 3% 2% 15%
Volume(15%)(14%)(4%)
Aggregates Price (USD) 0% 11%(1%)
Price (LtL1 ) 10% 9% 22%
(1)	 	Like-to-like prices adjusted for foreign-exchange fluctuations	
Demand of our products negatively affected in 3Q16
by transportation strike in Colombia and high comparison base in Costa Rica
Positive cement demand performance in 3Q16
in Guatemala and Nicaragua; better comparison base in Panama
Higher prices in our three main products
in the January-September period vs. 2015, as well as in 3Q16 vs. 2Q16
5	 	 	

REGIONAL HIGHLIGHTS
Results 3 Q 16
6	 	 	

Results
Highlights
Colombia
7	 	 	

Colombia – Results Highlights
9M16 9M15% var 3Q16 3Q15% var
Net Sales 512 551(7%) 173 177(2%)
Financial
Summary Op. EBITDA 176 189(7%) 60 61(1%)
US$ Million as % net
sales 34.4% 34.2% 0.2pp 34.9% 34.4% 0.5pp
9M16 vs. 9M15 3Q16 vs. 3Q15 3Q16 vs. 2Q16
Cement 2%(5%)(1%)
Volume Ready mix(9%)(8%)(5%)
Aggregates(15%)(12%)(5%)
9M16 vs. 9M15 3Q16 vs. 3Q15 3Q16 vs. 2Q16
Cement 7%(1%)(4%)
Price
(Local Currency) Ready mix 5% 4% 1%
Aggregates 13% 10%(2%)
Cement volumes affected
by the longest transportation strike in the recent history of the country
Higher prices in ready-mix and aggregates
in 3Q16 and 9M16 in local currency terms vs. same periods in 2015
EBITDA in 3Q16 was almost flat on a year-over-year basis
despite of volume decline in our three main products
EBITDA grew 6% in the first 9 months of the year,
on a like-to-like basis1 compared with 2015 8
(1)	 	Adjusted for foreign-exchange fluctuations	
8	 	 	

Colombia – Residential Sector
Social income housing affected by the current economic environment
High inflation and interest rates affected execution of subsidies
Recent growth in housing sales and starts should boost demand
of our products in the following quarters
Approved budget for housing in 2017 is 17% higher
than 2016 estimated expenditures
Over 100k subsidies from Ministry of Housing projected
for 2017, including social interest and middle income homes
9

Colombia – Infrastructure Sector
8	 	projects from 1st wave of 4G program already with	
secured disbursements
from financial institutions
Low levels of execution of public works
at local and regional levels since mayors and governors took office in January
High comparison base in 3Q16
as 3Q15 was electoral period
Demand conditions should improve in following quarters
from local and regional infrastructure projects and infrastructure concessions
Approved budget for transport in 2017 is 11% higher
than 2016 estimated expenditures
10

Results Highlights Panama
11

Panama – Results Highlights
9M16 9M15% var 3Q16 3Q15% var
Net Sales 200 224(11%) 70 73(4%)
Financial
Summary Op. EBITDA 90 92(1%) 32 30 8%
US$ Million as % net
sales 45.3% 40.9% 4.4pp 46.4% 41.3% 5.1pp
9M16 vs. 9M15 3Q16 vs. 3Q15 3Q16 vs. 2Q16
Cement(16%)(5%) 8%
Volume Ready mix(8%)(2%) 8%
Aggregates(9%)(9%) 0%
9M16 vs. 9M15 3Q16 vs. 3Q15 3Q16 vs. 2Q16
Cement 2% 0% 0%
Price
(Local Currency) Ready mix(4%)(2%) 1%
Aggregates(2%) 0% 5%
Better comparison base during 3Q16 on a year-over-year basis
given a low exposure to the Panama Canal expansion project in 3Q15
Cement and ready-mix volumes grew 8% sequentially,
while our aggregates volumes remained flat during 3Q16
EBITDA and EBITDA margin increased in 3Q16 vs. 3Q15
mostly resulting from successful cost management initiatives and mix effect
12

Panama – Sector Highlights
Execution of 2nd line of the subway and urban renovation of Colon continues.
Incremental demand of our products is expected in following quarters
Residential sector expected to remain as the main driver
of cement consumption during 2016
Infrastructure should become more relevant in 2017—2018
through projects such as:
- Arraijan-Panama highway expansion
- Pedregal-Gonzalillo road
- Amador Convention Center
- 4th bridge over the Canal
- 3rd line of the subway
Industrial and commercial should continue to underperform
given a tough comparison base in 2015
13

Results Highlights Costa Rica
14

Costa Rica – Results Highlights
9M16 9M15% var 3Q16 3Q15% var
Net Sales 120 131(9%) 38 41(9%)
Financial
Summary Op. EBITDA 49 54(10%) 14 15(6%)
US$ Million as % net
sales 40.7% 41.3% (0.6pp) 36.8% 35.7% 1.1pp
9M16 vs. 9M15 3Q16 vs. 3Q15 3Q16 vs. 2Q16
Cement(13%)(10%)(5%)
Volume Ready mix(5%) 0% 1%
Aggregates 13% 32%(1%)
9M16 vs. 9M15 3Q16 vs. 3Q15 3Q16 vs. 2Q16
Cement(3%)(2%)(2%)
Price
(Local Currency) Ready mix 6%(1%)(9%)
Aggregates 5% 14%(2%)
Volumes continue affected by tough comparison base in 2015
and a lack of execution of new infrastructure works
Efforts to strengthen our market position are being effective
cement volumes declined in 3Q16 at lower rate than 1H16
Aggregates volumes and prices increased 32% and 14%
in 3Q16 on a year-over- year basis
EBITDA margin grew by 1.1pp
in 3Q16 vs.3Q15, by means of cost management and no maintenance days
15

Costa Rica– Sector Highlights
Housing, and Industrial and Commercial expected to slightly grow in 2016,
compared with 2015
Main infrastructure projects expected in 2016 didn’t start
Sector estimated to decline over 25% this year
Demand for infrastructure sector should increase in 2017
Public spending normally grows in pre-electoral years
16

Results Highlights Rest of CLH
17

Rest of CLH cement volume grew by 6% in 3Q16
compared with same period in 2015
Third consecutive quarter of double digit growth
in cement volumes in Guatemala on a year-over-year basis
EBITDA grew by 16% and 13%
in 3Q16 and 9M16, respectively, on a year-over-year basis
EBITDA Margin increased by 5.6pp in 3Q16 vs. 3Q15
explained by higher cement volumes, mix effect, and cost efficiencies 18

Rest of CLH – Sector Highlights
Despite of positive performance, we remain cautious in Guatemala and Nicaragua due to current environment
In Guatemala industrial and commercial was the main driver
of demand of our products in 3Q16.
Demand from infrastructure in Guatemala remains weak
due to lack of Government funding
Public works drove cement demand growth in Nicaragua
in 3Q16, specially from:
- Rio Blanco-Mulukukú highway
- Chinadega-Guasaule road
- Managua baseball stadium
19

FREE CASH FLOW
3	 	Q 1 6 R e s u l t s	
20

We will continue with disciplined working capital management
Working Capital Balance
(Average Days)
2014 2015 2016
24	 	 	
22	 	21 21	
17	 	 	
-1—6
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
2Q
3Q
In the last four quarters alone, CLH has recovered close to
US$ 70 M
in working capital investment
21

Free Cash Flow
US$ Million 9M16 9M15% var 3Q16 3Q15% var
Operating. EBITDEBITDA 340 346(2%) 114 110 3%
- Net Financial Expense 49 58 20 17
—Maintenance Capex 32 26 10 13
—Change in Working Cap(17)(24) 5 2
—Taxes Paid 85 87 21 24
—Other Cash Items (net) 10 11 4 3
Free Cash Flow
Free Cash Flow 181 188(4%) 54 51 6%
After Maintenance Capex
—Strategic Capex 108 109 32 39
FreeFreeCashCash FlowFlow 73 79(7%) 22 12 90%
Free cash flow after maintenance Capex
reached US$54 million in 3Q16
Strategic Capex was US$ 32 M
in the quarter, mainly used for our expansion project in Colombia
Net debt was reduced
during 3Q16 to US$969 million
22

GUIDANCE
3 Q 16 Results
23

2016 Guidance
Volume YoY%
Cement Ready—Mix Aggregates
Colombia Low-single-digit Low-single-digit High-single-digit
growth decline decline
Cement Ready—Mix Aggregates
Panama Low-double-digit Low-single-digit
Flat
decline decline
Cement Ready—Mix Aggregates
Costa Rica Low-double-digit Low-single-digit High-single-digit
decline decline growth
Consolidated volumes in 2016 expected to:
+ Remain flat in cement
+ decline by low single digit in Ready-mix + decline by high single digit in Aggregates
Maintenance and Strategic Capex in 2016
are expected to be about US$50 M and US$135 M, respectively
Consolidated Cash taxes
are expected to range between US$100 M and US$110 M
24

Consolidated debt maturity profile
US$ Million 700
160
155
2016 2017 2018
US $1,016 Million
Total debt as of September 30, 2016
2.2x Net Debt/EBITDA (LTM)1
as of September 30, 2016
(1)	 	Last twelve months to September 2016	
25

RESULTS 3Q16
October 27, 2016
26