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 April, 2017

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   ☒     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

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.

EXHIBIT INDEX

Exhibit 1

CEMEX HOLDINGS PHILIPPINES REPORTS

2017 FIRST QUARTER RESULTS

MANILA, PHILIPPINES. APRIL 28, 2017 – CEMEX Holdings Philippines, Inc. (“CHP”) (PSE: CHP), announced today that consolidated net income for the first quarter of 2017 declined by 24%, to PhP 350 million, against pro forma net income from the same period last year. Lower volume and price were partially mitigated by better cost of sales and lower financial expenses.

Cement volumes were lower by 9% in the first quarter versus same period last year due to adverse weather conditions that persisted from last year into January and February and a high base of comparison which was marked by strong construction activity prior to the 2016 elections. In the first quarter, CHP’s prices declined by 7% on a year-on-year basis.

Pedro Jose Palomino, President and CEO of CHP said that “The first quarter sales performance has been challenging, but we are encouraged by improvements in cement volumes versus the prior quarter and a strong sales performance in March which was the highest in the last 17 months. As a result, our revenues also increased by 2% versus the prior quarter.”

Cost of sales declined by 14% in absolute terms and 6% on a unitary basis compared with the same period last year, mainly due to better energy costs despite inflationary pressure and higher efficiency at the plants.

As of March 31, 2017, CHP has refinanced and fully paid its U.S. dollar-denominated related party loan with New Sunward Holding B.V. with proceeds from a Senior Secured Peso Term Loan Facility with BDO Unibank, Inc.

Vincent Paul Piedad, Treasurer of CHP said, “This refinancing has slashed our financial expense and drastically reduced our foreign exchange exposure. Our consolidated financial expense decreased by PhP 187 million this quarter versus same period 2016 pro-forma. ”

Palomino added, “Despite the challenging demand situation, our company remains motivated by the prospects of Philippine construction, especially in light of government’s pronouncements on infrastructure investments. In the meantime, we remain focused on managing variables under our control and our plans for growth in the country remain intact.”

1

CHP is one of the leading cement producers in the Philippines, based on installed annual capacity. CHP produces and markets cement and cement products, such as ready-mix concrete and clinker, in the Philippines through direct sales using its extensive marine and land distribution network. Moreover, CHP’s cement manufacturing subsidiaries have been operating in the Philippines with well-established brands, such as “APO,” “Island,” and “Rizal,” each of which has a multi-decade history in the country.

CHP is an indirect subsidiary of CEMEX, S.A.B. de C.V., one of the largest cement companies in the world based on annual installed cement production capacity. The shares of CEMEX, S.A.B. de C.V. are listed on the Mexican Stock Exchange and the New York Stock Exchange.

For more information on CHP, please visit website: www.cemexholdingsphilippines.com.

# # #

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 CHP 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 CHP 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. CHP 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 Philippine Financial Reporting Standards (“PFRSs”) which are issued by the Philippine Financial Reporting Standards Council. PFRSs are based on

International Financial Reporting Standards issued by the International Accounting Standards Board. Operating EBITDA and Free Cash Flow (as defined above) are presented herein because CHP believes that they are widely accepted as financial indicators of CHP’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 CHP’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

2017
FIRST QUARTER RESULTS
? Stock Listing Information
Philippine Stock Exchange Ticker: CHP
? Investor Relations
+ 632 849 3600 E-Mail: chp.ir@cemex.com

Operating and Financial Highlights January—March First Quarter 2017 2016 % var 2016 2017 2016 % var 2016 Pro Forma1 Actual Pro Forma1 Actual Cement volume2 1.2 1.3 (9%) 1.3 1.2 1.3 (9%) 1.3 Net sales 5,362 6,328 (15%) 6,328 5,362 6,328 (15%) 6,328 Gross profit 2,573 3,097 (17%) 3,097 2,573 3,097 (17%) 3,097 as % of net sales 48.0% 48.9% (0.9pp) 48.9% 48.0% 48.9% (0.9pp) 48.9% Operating earnings before other expenses, net 768 1,336 (43%) 533 768 1,336 (43%) 533 as % of net sales 14.3% 21.1% (6.8pp) 8.4% 14.3% 21.1% (6.8pp) 8.4% Controlling Interest Net Income 350 460 (24%) 214 350 460 (24%) 214 Operating EBITDA 1,071 1,640 (35%) 837 1,071 1,640 (35%) 837 as % of net sales 20.0% 25.9% (5.9pp) 13.2% 20.0% 25.9% (5.9pp) 13.2% Free cash flow after maintenance capital expenditures (239) (239) Free cash flow (313) (313) Net debt 14,865 14,865 Total debt 15,647 15,647 Earnings per share3 0.07 0.07 In millions of Philippine Pesos, except volumes 1 Refer to page 7 for information on pro forma adjustments 2 Cement volume is in millions of metric tons. It includes domestic and export volume of gray cement, white cement,special cement, mortar and clinker. 3 In Philippine Pesos Net sales for the first quarter of 2017 was PhP 5,362 million, a decrease Operating EBITDA, at PhP 1,071 million pesos during the first quarter of of 15% compared to the first quarter of 2016, reflecting lower cement 2017, decreased by 35% year-on-year, reflecting lower sales as well as volumes and prices. an unfavorable operating leverage effect. Cost of sales as a percentage of net sales increased by 0.9pp during the Operating EBITDA margin decreased by 5.9pp during the first quarter of first quarter of 2017 compared with the same period last year, from 2017 versus the same period in 2016, from 25.9% to 20.0%. 51.1% to 52.0%. As a percentage of cost of sales, power and fuel accounted for 20% and 19%, respectively. Controlling interest net income (loss) was an income of PhP 350 million in the first quarter of 2017 versus a pro forma income of PhP 460 Operating expenses as a percentage of net sales increased by 5.9pp million in the same quarter of 2016. Other income and expenses, during the first quarter of 2017 compared with the same period last financial expenses, and income tax expenses provided positive gains to year, from 27.8% to 33.7%. Distribution expenses increased 4.0 pp, mitigate lower operating earnings before other expenses, net. driven by lower transport efficiencies and higher diesel prices. Selling and administrative expenses increased 1.9 pp due to intensified Total debt at the end of March 2017 stood at PhP 15,647 million. In promotions, andother overhead expenses. particular, PhP 14,012 million pertained to long-term debt owed to BDO Unibank, Inc., having concluded the refinancing of debt owed to related party New Sunward Holding B.V. 2017 First Quarter Results Page 2

Operating Results
Domestic Gray Cement January—March First Quarter First Quarter 2017
2017 vs. 2016 2017 vs. 2016 vs. Fourth Quarter 2016
Volume (9%) (9%) 4% Price in USD (13%) (13%) (4%)
Price in PHP (7%) (7%) (2%)
Domestic gray cement volume decreased 9% during the first quarter of 2017 versus the same period last year. Adverse weather conditions, especially in January and February, led to 24 additional downtime days compared with the same quarter last year, due to rough sea conditions and mandatory sheltering of our vessels. Strong construction activity before elections during the first quarter of 2016 also resulted in a high base of comparison versus the first quarter of 2017.
Nevertheless, cement sales increased throughout the quarter as weather improved. Sales volumes in March were the highest in the last 17 months. Sequentially, cement volumes increased by 4% in the first quarter of 2017 versus the prior quarter. We estimate that our market position remained unchanged compared with the fourth quarter of 2016.
On a year-over-year and quarter-on-quarter basis, our domestic gray cement price in this period decreased 7% and 2%, respectively. The price decline during the quarter on a year-over-year basis was mainly due to intensified competition from higher import volumes and weaker demand relative to the same quarter last year. However, the price decline on a sequential basis was mainly due to product and geographical mix.
2017 First Quarter Results Page 3

Operating EBITDA, Free Cash Flow and Debt Information
Operating EBITDA and Free Cash Flow
January—March First Quarter
2017 2016 % var 2017 2016 % var Pro Forma1 Pro Forma1 Operating earnings before other expenses, net 768 1,336 (43%) 768 1,336 (43%)
+ Depreciation and operating 303 304 (0%) 303 304 (0%)
Operating EBITDA 1,071 1,640 (35%) 1,071 1,640 (35%)
- Net financial expenses 258 258—Capital expenditures for maintenance 49 49—Change in working Capital 920 920—Taxes paid 102 102—Other cash items (Net) (19) (19)
Free cash flow after maintenance capital (239) (239)
- Strategic Capital expenditures 74 74
Free cash flow (313) (313)
In millions of Philippine Pesos, except volumes and percentages

Debt Information
First Quarter First Quarter
2017 2017 Total debt 15,647 Currency denomination
Short term 0% U.S. dollar 10% Long term 100% Philippine peso 90% Cash and cash equivalents 782 Interest rate Net debt 14,865 Fixed 36%
Variable 64%
In millions of Philippine Pesos, except percentages
U.S. dollar-denominated debt converted using end March 2017 exchange rate of PHP 50.16
2017 First Quarter Results Page 4

Financial Results
Income Statement & Balance Sheet Information
CEMEX Holdings Philippines, Inc.
(Thousands of Philippine Pesos in nominal terms, except per share amounts)
January—March First Quarter
INCOME STATEMENT 2017 2016 % var 2016 2017 2016 % var 2016 Pro Forma1 Actual Pro Forma1 Actual
Net sales 5,362,377 6,328,209 (15%) 6,328,209 5,362,377 6,328,209 (15%) 6,328,209 Cost of sales (2,789,516) (3,231,475) (14%) (3,231,475) (2,789,516) (3,231,475) (14%) (3,231,475)
Gross profit 2,572,861 3,096,734 (17%) 3,096,734 2,572,861 3,096,734 (17%) 3,096,734
Operating expenses (1,804,749) (1,760,869) 2% (2,563,659) (1,804,749) (1,760,869) 2% (2,563,659)
Operating earnings before other
768,112 1,335,865 (43%) 533,075 768,112 1,335,865 (43%) 533,075 expenses, net
Other expenses, net 19,166 8,116 136% 8,116 19,166 8,116 136% 8,116
Operating earnings 787,278 1,343,981 (41%) 541,191 787,278 1,343,981 (41%) 541,191
Financial expenses (249,183) (334,474) (26%) (17,942) (249,183) (334,474) (26%) (17,942) Other financial income (expenses), net (97,341) (199,304) (51%) (199,304) (97,341) (199,304) (51%) (199,304)
Net income before income taxes 440,754 810,203 (46%) 323,945 440,754 810,203 (46%) 323,945
Income tax (91,217) (350,480) (74%) (109,643) (91,217) (350,480) (74%) (109,643)
Consolidated net income 349,537 459,723 (24%) 214,302 349,537 459,723 (24%) 214,302
Non-controlling Interest Net Income 9 6 52% 6 9 6 52% 6
Controlling Interest Net Income 349,546 459,729 (24%) 214,308 349,546 459,729 (24%) 214,308
Operating EBITDA 1,070,695 1,639,701 (35%) 836,910 1,070,695 1,639,701 (35%) 836,910 Earnings per share 0.07 0.07

as of March 31
BALANCE SHEET 2017 Total Assets 50,795,952
Cash and Temporary Investments 782,084 Trade Accounts Receivables 1,002,487 Other Receivables 201,490 Inventories 2,729,999 Other Current Assets 1,750,714 Current Assets 6,466,774 Fixed Assets 15,623,365 Other Assets 28,705,813
Total Liabilities (21,747,872)
Current Liabilities (5,293,500) Long-Term Liabilities (1,634,746) Other Liabilities (14,819,626)
Consolidated Stockholders’ Equity (29,048,080)
Non-controlling Interest (238) Stockholders’ Equity Attributable to Controlling Interest (29,047,842)
2017 First Quarter Results Page 5

Financial Results
Income Statement & Balance Sheet Information
CEMEX Holdings Philippines, Inc.
(Thousands of U.S. Dollars, except per share amounts)
January—March First Quarter
INCOME STATEMENT 2017 2016 % var 2016 2017 2016 % var 2016 Pro Forma1 Actual Pro Forma1 Actual
Net sales 107,148 134,390 (20%) 134,390 107,148 134,390 (20%) 134,390 Cost of sales (55,738) (68,626) (19%) (68,626) (55,738) (68,626) (19%) (68,626)
Gross profit 51,410 65,764 (22%) 65,764 51,410 65,764 (22%) 65,764
Operating expenses (36,061) (37,395) (4%) (54,444) (36,061) (37,395) (4%) (54,444)
Operating earnings before other
15,349 28,369 (46%) 11,320 15,349 28,369 (46%) 11,320 expenses, net
Other expenses, net 383 172 123% 172 383 172 123% 172
Operating earnings 15,732 28,541 (45%) 11,492 15,732 28,541 (45%) 11,492
Financial expenses (4,979) (7,103) (30%) (381) (4,979) (7,103) (30%) (381) Other financial income (expenses), net (1,945) (4,232) (54%) (4,232) (1,945) (4,232) (54%) (4,232)
Net income before income taxes 8,808 17,206 (49%) 6,879 8,808 17,206 (49%) 6,879
Income tax (1,823) (7,443) (76%) (2,328) (1,823) (7,443) (76%) (2,328)
Consolidated net income 6,985 9,763 (28%) 4,551 6,985 9,763 (28%) 4,551
Non-controlling Interest Net Income 0 0 0 0 0 0
Controlling Interest Net Income 6,985 9,763 (28%) 4,551 6,985 9,763 (28%) 4,551
Operating EBITDA 21,394 34,822 (39%) 17,773 21,394 34,822 (39%) 17,773 Earnings per share 0.00 0.00

as of March 31
BALANCE SHEET 2017 Total Assets 1,012,680
Cash and Temporary Investments 15,592 Trade Accounts Receivables 19,986 Other Receivables 4,017 Inventories 54,426 Other Current Assets 34,903 Current Assets 128,924 Fixed Assets 311,471 Other Assets 572,285
Total Liabilities (433,570)
Current Liabilities (105,532) Long-Term Liabilities (32,591) Other Liabilities (295,447)
Consolidated Stockholders’ Equity (579,108)
Non-controlling Interest (5) Stockholders’ Equity Attributable to Controlling Interest (579,104)
2017 First Quarter Results Page 6

Definitions of Terms and Disclosures
Methodology for translation, consolidation, and presentation of Nevertheless and for the convenience of the reader, and in order to results present a comprehensive comparative operating information for the three?month period ended March 31, 2017, CHP continued to use pro CEMEX Holdings Philippines, Inc. (“CHP”) reports its interim financial forma selected consolidated income statement information for the statements under Philippine Financial Reporting Standards (“PFRS”). three?month period ended March 31, 2016, intended in all cases and to
When reference is made in 2017 and 2016 to consolidated interim the extent possible, to present the operating performance of CHP on a financial statements, it means CHP financial information together with like?to?like basis under a “normalized” expected ongoing operation; its subsidiaries. therefore, as if the new royalty scheme and insurance agreements would have been effective from the beginning of 2016.
For the purpose of presenting figures in U.S. dollars, the consolidated balance sheet as of March 31, 2017 has been converted at the end of CHP Pro forma consolidated income statement for the three-month period exchange rate of 50.16 Philippine pesos per US dollar while the period ended March 31, 2016 appearing in this report represent consolidated income statement for the three-month period ended combined historical selected income statement information of CHP March 31, 2017 has been converted at the January to March, 2017 subsidiaries, adjusted to reflect the 5% corporate service charges and average exchange rate of 50.05 Philippine pesos per US dollar. On the royalties, and reinsurance agreements (on a like?to?like basis) for the other hand, the consolidated income statement for the three-month three?month period ended March 31, 2016. period ended March 31, 2016 has been converted at the January to March, 2016 average exchange rate of 47.09 Philippine pesos per US In addition: dollar.
(1) beginning fiscal year of 2017, a change in accounting treatment of Pro forma financial information included in the report the effects from the new reinsurance agreements will be adopted recognizing the same as a reduction in operating expenses instead of an
For the purpose of the below clarification, the term “Company” refers increase of revenue (which was the accounting treatment utilized in to CEMEX Holdings Philippines, Inc., “CHP”” refers to the Company and 2016). its subsidiaries, and “CEMEX” refers CEMEX, S.A.B. de C.V. and its subsidiaries excluding CHP. This change in accounting treatment is presented in this report’s Pro Forma consolidated income statement information for the three-month CEMEX Holdings Philippines, Inc. was incorporated on September 17, period ended March 31, 2016 This difference in presentation does not 2015 for purposes of the initial equity offering concluded on July 18, have an effect on the reported Pro Forma operating income, reported
2016 (the “IPO”). For accounting purposes, the group reorganization by Pro Forma Operating EBITDA or reported Pro Forma net income for the means of which the Company acquired its consolidated subsidiaries was three months ended March 31, 2016. effective January 1, 2016. Several strategies discussed in the CHP primary offer prospectus (“the Prospectus”) were implemented upon (2) the Pro Forma selected consolidated income statement information conclusion of the initial equity offering: a) the new royalty scheme was for the three-month period ended March 31, 2016 appearing in this implemented in July 2016 with retroactive effects as of January 1, 2016, report was prepared by (a) removing IPO-related operating expenses, and b) the new reinsurance scheme was incorporated prospectively (b) removing interest payments on short-term debt, and (c) annualizing effective August 1, 2016. These strategies are already in full effect in long-term debt.
2017.
2017 First Quarter Results Page 7

Definition of Terms and Disclosures
Definition of terms
PHP refers to Philippine Pesos.
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 the company’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 company 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.
Prices all references to pricing initiatives, price increases or decreases, refer to our prices for our products.
Strategic capital expenditures investments incurred with the purpose of increasing the company’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. Change in Working capital in the Free cash flow statements only include trade receivables, trade payables, receivables and payables from and to related parties, other current receivables, inventories, other current assets, and other accounts payable and accrued expense.
January—March First Quarter January—March
2017 2016 2017 2016 2017 2016 average average average average End of period End of period
Philippine peso 50.05 47.09 50.05 47.09 50.16 46.07
Amounts provided in units of local currency per US dollar
2017 First Quarter Results Page 8

Exhibit 3

Exhibit 3

CEMEX HOLDINGS PHILIPPINES

1Q 2017 RESULTS MAY 2, 2017

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 current expectations and projections about future events of CEMEX Holdings Philippines, Inc. (“CHP”) based on CHP’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 CHP’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 CHP or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CHP’s exposure to other sectors that impact CHP’s business, such as the energy sector; competition; general political, economic and business conditions in the markets in which CHP operates; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CHP’s ability to satisfy its debt obligations and the ability of CEMEX, S.A.B. de C.V. (“CEMEX”), the ultimate parent company of the major shareholder of CHP, 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 CHP’s and CEMEX’s cost of capital; CEMEX’s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CHP’s cost-reduction initiatives and implement CHP’s pricing initiatives for CHP’s products; the increasing reliance on information technology infrastructure for CHP’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 CHP’s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CHP’s business. The information contained in these presentations is subject to change without notice, and CHP 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 CHP’s prices for products sold or distributed by CHP or its subsidiaries.

Copyright CEMEX Holdings Philippines, Inc. and its subsidiaries

2

First Quarter 2017 Highlights Cost of sales relatively flat, as a percentage to sales, despite higher spot energy prices.    Signed contract for new waste-heat-to-electricity facility for our APO cement plant; new facility expected to provide greater electricity sourcing flexibility.    Fully paid the long-term US$ debt with New Sunward Holding B.V., by way of refinancing a majority of the outstanding US$ loan balance into a Philippine Peso loan at lower interest rate. March cement volumes highest achieved in the last 17 months. 3

Net Sales Net sales during 1Q17 declined by 15% on a year-over- Net Sales1 year basis reflecting lower cement volumes and prices during the quarter, mainly due to low demand and -15% adverse weather conditions. 6,328 5,362 1Q16 1Q172 1 Millions of Philippine Pesos 4 2 1Q17 net sales breakdown: 99% cement, 1% others

Domestic Cement Volumes 1Q17 vs.    1Q16 1Q17 vs.    4Q16 Domestic Gray Volume (9%) 4% Cement Monthly Distribution of First Quarter Volume 39% 33% 33% 34% 29% 32% Jan Feb Mar 2016 2017    Domestic gray cement volumes declined by 9% during 1Q17 versus same period last year mainly due to:    Adverse weather conditions, especially during January and February, resulted in 24 additional downtime days compared with 1Q16 due to rough sea conditions and mandatory sheltering of our vessels    High base of comparison in 1Q16, with strong construction activity prior to elections Cement sales increased throughout the quarter as weather improved.    March cement volumes were the highest monthly volumes in the last 17 months. Sequentially, cement volumes increased by 4% versus 4Q16. We estimate our market position remained unchanged compared with 4Q16. 5

Domestic Cement Price 1Q17 vs.    1Q16 1Q17 vs.    4Q16 Domestic Gray Price (PHP) (7%) (2%) Cement CHP Domestic Cement Price Index (Oct ’16 = 100) 102 100 98 96 94 92 Oct Nov Dec Jan Feb Mar ’16 ’16 ’16 ’17 ’17 ’17    Domestic gray cement prices during 1Q17 declined by 7% year-over-year and by 2% sequentially. Heightened competition due to growth in import volumes relative to the same quarter last year and weaker demand resulted in the price decline. The sequential decline in prices reflects a product and geography mix effect. Monthly cement prices improved within the quarter. 6

Situation affecting imports by traders in 2016 shifted as the year progressed    Estimated Imported Cement Sales by Traders1 8% 200% 7% 150% 6% 5% 100% 4% 3% 50% 2% 1% 0% 0% -50% 1Q16 2Q16 3Q16 4Q16 1Q17 Left Axis: Percentage of Total Domestic Cement Demand Right Axis: Quarter-on-Quarter Growth Cement sales from traders, as a percentage of total domestic cement demand, leveled in the last three quarters 1 CHP internal estimates based on publicly available information    In the first three quarters…    Less expensive energy input costs to production and freights to import    Low prices at origin, principally Vietnam    Grants of Philippine Standard (PS) licenses to import: 37 licenses in 12 months Since the second half, situation shifted…    Rising costs of energy globally affecting production and transportation costs    Impositions of taxes at source; for example, Vietnam has re-imposed a 10% VAT and imposed a 5% export tariff    China pollution clampdown    Additional import regulations by the Philippine Department of Trade to ensure public safety 7

Low cement consumption during 1Q17, due to a high base of comparison in the pre-election period Philippines Quarterly GDP and Cement Demand Growth (%) +15 +15 +10 +6 +7 +7 +7 +5 +7 +6 -4 -5 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 20171 GDP Growth Cement Demand Growth Source: Philippine Statistics Authority, Cement Manufacturers Association of the Philippines 8 1 CHP internal estimates based on publicly available information

Residential Sector Growth in residential sector permits decelerated sharply in 4Q16, and presumed to have affected construction activity during 1Q17. Dollar remittances still growing in the high single digits. Low interest rate environment prevailing. Large developers expected to launch new residential projects following a reduction in inventories during 2015 and 2016. Persistent strong demand in affordable and socialized housing segments. Opportunity for growth with tax reform program. 1 Source: Philippine Statistics Authority    Approved Residential Building Permits 20% based on floor area1 15% 10% 5% 0% -5% -10% 4Q15 1Q16 2Q16 3Q16 4Q16 Year-on-Year Growth 9

Industrial-and-Commercial Sector Growth in industrial and commercial sector permits decelerated sharply starting 3Q16, with an expected decline in activity reflected in succeeding quarters. Business Process Outsourcing (“BPO”) activity is estimated to account for 46% of office space demand in Metro Manila in 20161. Expected resumption of BPO expansion as PH remains fundamentally attractive. 1 Source: Jones Lang LaSalle 2 Source: Philippine Statistics Authority    Approved Non-Residential Building Permits 40% based on floor area2 30% 20% 10% 0% -10% 4Q15 1Q16 2Q16 3Q16 4Q16 Year-on-Year Growth 10

Infrastructure Sector Public Infrastructure vs. Disbursement (PHP billion) 860 829 Budget Actual 506 493 465 345 297 276 242 252 251 262 159 2011 2012 2013 2014 2015 2016 2017 66% 99% 88% 59% 68% 59% % of Budget Disbursed Source: Department of Budget and Management    Department of Budget Management: Infrastructure and other capital outlays missed target in 2016 “owing to procurement difficulties such as failure of biddings, non-compliance of bidders with bid requirements or difficulty in complying with product or service specifications”. “The growth of disbursements for the first few months this 2017 will be moderate partly due to base effect considering the high disbursements recorded for the same period in 2016 and since most line agencies are still in the process of obligating their allotments at the earlier part of the year.” “Spending is expected to rack up in the succeeding months towards the summer season.” 11

Cost of Sales Millions of Percentage Philippine Pesos of Net Sales +0.9pp -14% 1% . 0% 3,231 2,790 51 . 52 1Q16 1Q17 1Q16 1Q17 Pro Forma Pro Forma NOTE: Refer to slides 29 and 30 for information on pro forma adjustments    Cost of sales remained relatively flat. As a percentage of cost of sales, power and fuel accounted for 20% and 19% respectively. Operating efficiency for the quarter was above 93% for both plants. 12

Operating Expenses Distribution1 Selling and Administrative1 +6% -2% 990 1,049 771 756 1Q16 1Q17 1Q16 1Q17 Pro Forma Pro Forma % of Net Sales 15.6% 19.6% 12.2% 14.1% 1 Millions of Philippine Pesos NOTE: Refer to slides 29 and 30 for information on pro forma adjustments    As a percentage of net sales, Distribution expenses increased 4.0 pp, driven by lower transport efficiencies and higher diesel prices. As a percentage of net sales, S&A Expenses increased 1.9 pp due to intensified promotions, and other overhead expenses. 13

Operating EBITDA Operating EBITDA Variation1 -35% 1,640 -305 246 15 1,071 -59 -453 -13 EBITDA Domestic Domestic Other COS Selling Distribution EBITDA 1Q16 Cement Cement Sales2 and 1Q17 Pro Volume Price Administrative Forma % of Net Sales 25.9% 20.0% 1 Millions of Philippine Pesos 2 Other sales includes sales from export cement, readymix, and other businesses NOTE: Refer to slides 29 and 30 for information on pro forma adjustments    The decline in operating EBITDA resulted from lower volumes and prices, and an unfavorable operating leverage. Operating EBITDA margin declined by 5.9pp during the quarter. 14

Net Income Net Income Variation1 460 259 350 102 85 1 11 -569 Net Income EBITDA Depreciation Other income Financial Other Income Tax Net Income 1Q16 (expenses), Expenses Financial 1Q17 net Income Pro Forma (Expenses), net 1 Millions of Philippine Pesos NOTE: Refer to slides 29 and 30 for information on pro forma adjustments 15

1Q 2017 FREE CASH FLOW, GUIDANCE & DEBT 16

Free Cash Flow January—March First Quarter 2016 2016 2017 % var 2017 % var Pro Forma Pro Forma Operating EBITDA 1,071 1,640 (35%) 1,071 1,640 (35%)    —Net Financial Expenses 258 258    —Maintenance Capex 49 49—Change in Working Capital 920 920    —Taxes Paid 102 102    —Other Cash Items (net) (19) (19) Free Cash Flow after (239) (239) Maintenance Capex    —Strategic Capex 74 74 Free Cash Flow (313) (313) Millions of Philippine Pesos NOTE: Refer to slides 29 and 30 for information on pro forma adjustments    Free cash flow during the first quarter of 2017 was negative PHP 313 million, mainly due to working capital variation. The change in working capital was driven by: Higher clinker inventories of PHP 213.3 million Timing effect of coal payments of PHP 288.4 million Timing effect of advanced payments, specifically real property taxes and customs duties, of PHP 261.7 million Higher trade accounts receivables of PHP 155.1 million 17

Debt-related information As of March 31, 2017, CHP refinanced and fully paid its related party loan with New Sunward Holding B.V. with proceeds from a Senior Secured Peso Term Loan Facility with BDO Unibank, Inc. (“BDO Debt”) BDO Debt stood at PHP 14,012 million (USD 279 million2), down from USD 291 million at the end of 2016 with a blended rate of 4.7% (fixed rate tranche priced at 5.6%) 1 Millions of U.S. Dollars 2 Converted using end March 2017 exchange rate of PHP 50.16 3 Revolving facility with CEMEX Asia B.V.    Debt Evolution1 374 21 312 Revolving 33 3 Facility New Sunward 353 Holding B.V. 279 BDO Debt2 End 2Q16 End 1Q17 18

Solid Plant Capacity Expansion    New line estimated to start operations fourth quarter of 2019. Engineering contract finalized CBMI Construction Co., Ltd. (SINOMA). Expected total investment: US$ 225 million 19

2017 Guidance Cement volumes 3% PHP 918 million Maintenance CAPEX PHP 889 million Solid Plant Expansion CAPEX Capital expenditures PHP 277 million Other Strategic CAPEX PHP 2,084 million Total CAPEX 20

Upcoming Initiatives for 2017 Ramp up domestic production capability to lessen imported cement requirements.    Additional 0.3 M tons capacity Forthcoming New Terminal in operation in Bacolod to extend our distribution network. 21

1Q 2017 RESULTS MAY 2, 2017 22

1Q 2017 APPENDIX

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Income Statement Information (Thousands of Philippine Pesos in nominal terms, except per share amounts) January—March First Quarter INCOME STATEMENT 2017 2016 % var 2016 2017 2016 % var 2016 Pro Forma1 Actual Pro Forma1 Actual Net sales 5,362,377 6,328,209 (15%) 6,328,209 5,362,377 6,328,209 (15%) 6,328,209 Cost of sales (2,789,516) (3,231,475) (14%) (3,231,475) (2,789,516) (3,231,475) (14%) (3,231,475) Gross profit 2,572,861 3,096,734 (17%) 3,096,734 2,572,861 3,096,734 (17%) 3,096,734 Operating expenses (1,804,749) (1,760,869) 2% (2,563,659) (1,804,749) (1,760,869) 2% (2,563,659) Operating earnings before other 768,112 1,335,865 (43%) 533,075 768,112 1,335,865 (43%) 533,075 expenses, net Other expenses, net 19,166 8,116 136% 8,116 19,166 8,116 136% 8,116 Operating earnings 787,278 1,343,981 (41%) 541,191 787,278 1,343,981 (41%) 541,191                Financial expenses (249,183) (334,474) (26%) (17,942) (249,183) (334,474) (26%) (17,942)                Other financial income                (expenses), net (97,341) (199,304) (51%) (199,304) (97,341) (199,304) (51%) (199,304) Net income before income taxes 440,754 810,203 (46%) 323,945 440,754 810,203 (46%) 323,945                Income tax (91,217) (350,480) (74%) (109,643) (91,217) (350,480) (74%) (109,643) Consolidated net income 349,537 459,723 (24%) 214,302 349,537 459,723 (24%) 214,302 Non-controlling Interest Net Income 9 6 52% 6 9 6 52% 6 Controlling Interest Net Income 349,546 459,729 (24%) 214,308 349,546 459,729 (24%) 214,308 Operating EBITDA 1,070,695 1,639,701 (35%) 836,910 1,070,695 1,639,701 (35%) 836,910 Earnings per share 0.07 0.07 1 Refer to slides 29 and 30 for information on pro forma adjustments 24

Income Statement Information (Thousands of U.S. Dollars, except per share amounts) January—March First Quarter INCOME STATEMENT 2017 2016 % var 2016 2017 2016 % var 2016 Pro Forma1 Actual Pro Forma1 Actual Net sales 107,148 134,390 (20%) 134,390 107,148 134,390 (20%) 134,390 Cost of sales (55,738) (68,626) (19%) (68,626) (55,738) (68,626) (19%) (68,626) Gross profit 51,410 65,764 (22%) 65,764 51,410 65,764 (22%) 65,764 Operating expenses (36,061) (37,395) (4%) (54,444) (36,061) (37,395) (4%) (54,444) Operating earnings before other 15,349 28,369 (46%) 11,320 15,349 28,369 (46%) 11,320 expenses, net Other expenses, net 383 172 123% 172 383 172 123% 172 Operating earnings 15,732 28,541 (45%) 11,492 15,732 28,541 (45%) 11,492                Financial expenses (4,979) (7,103) (30%) (381) (4,979) (7,103) (30%) (381)                Other financial income                (expenses), net (1,945) (4,232) (54%) (4,232) (1,945) (4,232) (54%) (4,232) Net income before income taxes 8,808 17,206 (49%) 6,879 8,808 17,206 (49%) 6,879                Income tax (1,823) (7,443) (76%) (2,328) (1,823) (7,443) (76%) (2,328) Consolidated net income 6,985 9,763 (28%) 4,551 6,985 9,763 (28%) 4,551 Non-controlling Interest Net Income 0 0 0 0 0 0 Controlling Interest Net Income 6,985 9,763 (28%) 4,551 6,985 9,763 (28%) 4,551 Operating EBITDA 21,394 34,822 (39%) 17,773 21,394 34,822 (39%) 17,773 Earnings per share 0.00 0.00 1 Refer to slides 29 and 30 for information on pro forma adjustments 25

Debt Information Maturity Profile1 Revolving Facility2 BDO Debt 46,591 Avg. life of debt: 6.2 years 30,161 Net Debt to EBITDA3: 2.4x 13,312 4,630 2,027 560 701 105 20174 2018 2019 2020 2021 2022 2023 2024 1 Millions of Philippine Pesos; U.S. dollar debt converted using end March 2017 exchange rate of PHP 50.16 2 Pertains to U.S. dollar-denominated revolving facility with CEMEX Asia B.V. 3 Last 12 months pro forma EBITDA 4 Maturity amount pertains only to BDO Debt 26

Historical Pro Forma Financial and Operating Highlights 2Q16 3Q16 4Q16 2016 Full Year Pro Forma Pro Forma Pro Forma Pro Forma Net sales 6,390 6,290 5,278 24,287 Gross Profit 2,981 3,453 2,870 12,401 Operating earnings 1,378 1,659 1,133 5,506 before other expenses, Operating EBITDA 1,701 1,970 1,417 6,727 as % net sales 26.6% 31.3% 26.8% 27.7% Millions of Philippine Pesos Refer to slides 29 and 30 for information on pro forma adjustments 27

Definitions PHP Philippine Pesos Free Cash Flow 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 Investments incurred for the purpose of ensuring the company’s operational continuity. These include capital expenditures 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 company policies, Net Debt Total debt minus cash and cash equivalents. Operating EBITDA Operating earnings before other expenses, net, plus depreciation and operating amortization. pp Percentage points Prices All references to pricing initiatives, price increases or decreases, refer to our prices for our products. Strategic capital investments incurred with the purpose of increasing the company’s profitability. These include capital expenditures on expenditures projects designed to increase profitability by expanding capacity, and margin improvement capital expenditures, which are projects designed to increase profitability by reducing costs. Change in Working capital in Only include trade receivables, trade payables, receivables and payables from and to related parties, other current the Free cash flow receivables, inventories, other current assets, and other accounts payable and accrued expense. statements 28

Presentation of Pro Forma Financial Information (For the purpose of the below clarification, the term “Company” refers to CEMEX Holdings Philippines, Inc., “CHP”” refers to the Company and its subsidiaries, and “CEMEX” refers CEMEX, S.A.B. de C.V. and its subsidiaries excluding CHP.) CEMEX Holdings Philippines, Inc. was incorporated on September 17, 2015 for purposes of the initial equity offering concluded on July 18, 2016 (the “IPO”). For accounting purposes, the group reorganization by means of which the Company acquired its consolidated subsidiaries was effective January 1, 2016. Several strategies discussed in the CHP primary offer prospectus (“the Prospectus”) were implemented upon conclusion of the initial equity offering: a) the new royalty scheme was implemented in July 2016 with retroactive effects as of January 1, 2016, and b) the new reinsurance scheme was incorporated prospectively effective August 1, 2016. These strategies are already in full effect in 2017. Nevertheless and for the convenience of the reader, and in order to present a comprehensive comparative operating information for the three-month period ended March 31, 2017, CHP continued to use pro forma selected consolidated income statement information for the three-month period ended March 31, 2016, intended in all cases and to the extent possible, to present the operating performance of CHP on a like-to-like basis under a “normalized” expected ongoing operation; therefore, as if the new royalty scheme and insurance agreements would have been effective from the beginning of 2016. CHP Pro forma consolidated income statement for the three-month period ended March 31, 2016 appearing in this report represent combined historical selected income statement information of CHP subsidiaries, adjusted to reflect the 5% corporate service charges and royalties, and reinsurance agreements (on a like-to-like basis) for the three-month period ended March 31, 2016. (Continued in slide 30) 29

Presentation of Pro Forma Financial Information (Continued from slide 29) In addition: (1) beginning fiscal year of 2017, a change in accounting treatment of the effects from the new reinsurance agreements will be adopted recognizing the same as a reduction in operating expenses instead of an increase of revenue (which was the accounting treatment utilized in 2016). This change in accounting treatment is presented in this report’s Pro Forma consolidated income statement information for the three-month period ended March 31, 2016 This difference in presentation does not have an effect on the reported Pro Forma operating income, reported Pro Forma Operating EBITDA or reported Pro Forma net income for the three months ended March 31, 2016. (2) the Pro Forma selected consolidated income statement information for the three-month period ended March 31, 2016 appearing in this report was prepared by (a) removing IPO-related operating expenses, (b) removing interest payments on short-term debt, and (c) annualizing long-term debt. 30

Contact Information Investor Relations Stock Information In the Philippines PSE: +632 849 3600 CHP chp.ir@cemex.com 31