======================================================================================================	 	 	
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July, 2013
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	
 	  	Garza García, Nuevo León, México 66265	 	 	
(Address of principal executive office)

 	 	 	 	 	
 	 	Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F   X      Form 40-F       
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):       
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):       

 	 	=======================================================================================================	  	 	

Contents
 
1.	Press release, dated July 24, 2013, announcing second quarter 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
2.	Second quarter 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
3.	Presentation regarding second quarter 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	

SIGNATURE
    Pursuant to the requirements of the Securities Exchange Act of 1934, CEMEX, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 	 	 	 	 	 	 	 	 	
 	  	 	 	 	 	                 CEMEX, S.A.B. de C.V.                                           	
 	  	 	 	 	 	                 (Registrant)	
 	 	 	 	
Date:	  	    July 24, 2013	 	 	 	By:           /s/ Rafael Garza                                                          	
 	  	 	 	 	 	                Name:  Rafael Garza	
 	  	 	 	 	 	                Title: Chief Comptroller	

EXHIBIT INDEX

 	 	 	
EXHIBIT NO.	 	DESCRIPTION	
 	 	
1.	 	Press release, dated July 24, 2013, announcing second quarter 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 	 	
2.	 	Second quarter 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 	 	
3.	 	Presentation regarding second quarter 2013 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	

Exhibit 1

Media Relations
Daniel Suárez
+57 (1) 603-9079
daniel.suarezm@cemex.com	 	 	 	Investor Relations
Patricio Treviño
+57 (1) 603-9823
patricio.trevinog@cemex.com	

CEMEX LATAM HOLDINGS REPORTS
SECOND-QUARTER 2013 RESULTS
 
 	•	 	CLH reports an operating EBITDA year-over-year growth of 16% during the second quarter with an operating EBITDA margin expansion of 2.8 percentage points, reaching a record level of 38.5%	
BOGOTÁ, COLOMBIA, JULY 24, 2013 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that consolidated net sales reached US$431 million during the second quarter of 2013, an increase of 8% versus the pro forma second quarter of 2012. Operating EBITDA increased by 16% during the quarter to US$166 million versus the pro forma second quarter in 2012. Adjusting for the additional business days and foreign exchange fluctuations during the quarter, net sales and operating EBITDA increased by 9% and 16%, respectively, compared with the pro forma second quarter of 2012.
CLH’s Financial and Operational Highlights
 
 	•	 	The increase in consolidated net sales was mainly due to higher volumes, driven by improved construction activity, and higher prices.	
 
 	•	 	Operating EBITDA, adjusting for the additional business days and foreign exchange fluctuations during the quarter, increased by 16% versus the pro forma second quarter in 2012.	
 
 	•	 	Free cash flow after maintenance capital expenditures during the quarter reached US$90 million.	
Carlos Jacks, CEO of CLH, said, “We are very pleased with the favorable results in the second quarter, as evidenced by the record level of operating EBITDA margin that reached 38.5%. We are also very encouraged with the results seen so far in connection with our new strategy based on commercial solutions that are allowing us to capture incremental value. Our solid operating performance has resulted in a strong free cash flow generation that, going forward, should contribute to strengthen our business strategy, finance our expansion projects and reduce our indebtedness.”
Consolidated Corporate Results
During the second quarter of 2013, controlling interest net income was a gain of US$115 million.
Net debt was US$1.4 billion at the end of the quarter.
Geographical Markets Second Quarter 2013 Highlights
Operating EBITDA in Colombia increased 12% to US$103 million versus US$92 million in the second quarter of 2012, with an increase of 6% in net sales reaching US$238 million.

In CLH’s operations in Panama, operating EBITDA increased 14% reaching US$40 million during the quarter. Net sales reached US$81 million in the second quarter of 2013, an increase of 8% compared with the same period in 2012.
In Costa Rica, operating EBITDA reached US$19 million for the quarter, 37% higher than the same period last year. Net sales increased 28% to US$42 million, compared with US$33 million in the second quarter of 2012.
In the Rest of CLH net sales in the second quarter of 2013 reached US$74 million. Operating EBITDA increased by 7% to US$21 million for the quarter versus the comparable period in 2012.
CEMEX Latam Holdings is a regional leader in the building solutions industry that provides high-quality products and reliable service to customers and communities in Colombia, Panama, Costa Rica, Nicaragua, El Salvador, Guatemala, and Brazil. CEMEX Latam Holdings’ mission is to encourage the development of the countries where it operates through innovative building solutions that foster well-being.
###
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.
For convenience of the reader the 2012 pro forma consolidated financial information was adjusted to reflect the additional results of the operating subsidiaries for three and six months periods ended June 30, 2012 and reflect the 5% corporate charges and royalties agreement entered into by CLH with CEMEX. 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 presented on a consolidated basis in 2012 based on the financial statements of CLH’s subsidiaries 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

 
Stock Listing Information
Colombian Stock Exchange S.A. Ticker: CLH
Investor Relations
Patricio Treviño Garza +57 (1) 603-9823
E-mail: patricio.trevinog@cemex.com

 
OPERATING AND FINANCIAL HIGHLIGHTS
—January – June—Second Quarter
-2013-2012—2013-2012-
—pro forma-% Var.—pro forma-% Var.
Consolidated cement volume (thousand———
of metric tons)-3,620-3,682-(2%)-1,929-1,836-5%
Consolidated domestic gray cement———
volume (thousand of metric tons)-3,258-3,335-(2%)-1,752-1,677-5%
Consolidated ready-mix volume———
(thousand of cubic meters)-1,534-1,530-0%-827-795-4%
Consolidated aggregates volume———
(thousand of metric tons)-3,377-3,347-1%-1,830-1,738-5%
Net sales-814-792-3%-431-399-8%
Gross profit-430-404-6%-217-191-14%
Gross profit margin-52.8%-51.0%-1.8p.p-50.3%-47.8%-2.5p.p
Operating earnings before other———
expenses, net-260-243-7%-143-127-12%
Operating earnings before other———
expenses, net, margin-32.0%-30.6%-1.4p.p-33.2%-31.9%-1.3p.p
Controlling interest net income-141—-115—
Operating EBITDA-306-273-12%-166-143-16%
Operating EBITDA margin-37.6%-34.5%-3.1p.p-38.5%-35.7%-2.8p.p
Free cash flow after maintenance———
capital expenditures-141—-90—
Free cash flow-125—-85—
Net debt-1,411-572-147%-1,411-572-147%
Total debt-1,479-666-122%-1,479-666-122%
Earnings per share-0.25-N/A-N/A-0.21-N/A-N/A
Shares outstanding at end of period-556-N/A-N/A-556-N/A-N/A
Employees-3,719-3,401-9%-3,719-3,401-9%
In millions of US dollars, except percentages, employees, and per-share amounts. Shares outstanding at the end of period are presented in millions.
Consolidated net sales in the second quarter of 2013 increased to US$431 million, representing an 8% growth when compared to the pro forma second quarter of 2012. Adjusting for additional working days and foreign exchange fluctuations during the second quarter, net sales increased by 9% compared to the same period last year. The increase in net sales is mainly explained by increased construction activity resulting in higher volumes during the second quarter.
Cost of sales as a percentage of net sales decreased by 2.5pp during the second quarter of 2013 compared with the same period last year, from 52.2% to 49.7%. This resulted from a decline in fuel costs driven by higher alternative fuel substitution, as well as the effect of higher prices on net sales.
Operating expenses as a percentage of net sales increased by 1.3pp during the second quarter from 15.9% to 17.2%, compared with the same period a year ago, on a pro forma basis. Excluding depreciation and amortization, operating expenses, also as a percentage of net sales, remained stable during the quarter, and declined by 1.1pp
during the first six months of 2013, as a result of lower distribution and corporate expenses, as well as the effect of higher prices on net sales.
Operating EBITDA increased by 16% to US$166 million during the second quarter of 2013 compared to the pro forma second quarter of 2012. Operating EBITDA adjusting for additional working days and foreign exchange fluctuation during the quarter also increased by 16% on a year-over-year basis. This improvement was driven by a positive contribution from all of our markets.
Operating EBITDA margin during the quarter increased 2.8pp to 38.5% from 35.7% compared to the second quarter of 2012, on a pro forma basis, mainly as a result of our continuous improvement in the efficiency of our operations due to a higher alternative fuels utilization, lower distribution expenses, and higher prices and volumes.
Controlling interest net income during the second quarter of 2013 was US$115 million.
Total debt at the end of the second quarter of 2013 was US$1,479 million.
Please refer to definition of terms and disclosure for presentation of financial and operating information.-
2013 Second Quarter Results-Page 2

 
OPERATING RESULTS
Colombia
—January – June—Second Quarter
-2013-2012—2013-2012-
—-% Var.—-% Var.
—pro forma—-pro forma-
Net sales-447-442-1%-238-226-6%
Operating EBITDA-190-176-8%-103-92-12%
Operating EBITDA margin-42.4%-39.8%-2.6p.p-43.1%-40.8%-2.3p.p
In millions of US dollars, except percentages.———
-Domestic gray cement-Ready-mix-Aggregates
Year-over-year percentage———
-January – June-Second Quarter-January – June-Second Quarter-January – June-Second Quarter
variation———
Volume-(6%)-3%-5%-8%-(1%)-3%
Price (USD)-4%-1%-6%-3%-(1%)-(1%)
Price (local currency)-8%-6%-10%-9%-2%-4%
In Colombia, during the second quarter our domestic gray cement and aggregates volumes increased by 3%, while our ready-mix volumes increased by 8% compared to the same period of last year. For the first six months of the year, our cement and aggregates volumes declined by 6% and by 1%, respectively, while our ready-mix volumes increased by 5%. During the quarter, the residential sector was an important driver of demand, mainly supported by the 100-thousand free-home program. The industrial-and-commercial sector continued its favorable performance primarily in terms of warehouse and office buildings construction on the back of the trade agreements that Colombia has recently signed.
Panama
—January – June—-Second Quarter
-2013-2012—2013-2012-
—-% Var.—-% Var.
—pro forma—-pro forma-
Net sales-154-152-1%-81-75-8%
Operating EBITDA-74-68-9%-40-36-14%
Operating EBITDA margin-48.4%-45.0%-3.4p.p-49.8%-47.4%-2.4p.p
In millions of US dollars, except percentages.———
-Domestic gray cement-Ready-mix-Aggregates
Year-over-year percentage———
-January – June-Second Quarter-January – June-Second Quarter-January – June-Second Quarter
variation———
Volume-3%-6%-(9%)-(1%)-2%-10%
Price (USD)-0%-1%-7%-9%-11%-9%
Price (local currency)-0%-1%-7%-9%-11%-9%
In Panama, our domestic cement and aggregates volumes in the second quarter increased by 6% and 10%, respectively, while our ready-mix volumes declined by 1%, compared to the same period a year ago. For the first six months of the year our cement and aggregates volumes increased by 3% and by 2% respectively while our ready-mix volumes declined by 9% on a year-over-year basis. This decline in our ready-mix volumes is explained by the conclusion of a large hydroelectric project. Activity on the infrastructure sector during the quarter was driven by the Canal expansion project as well as other ongoing projects like Cinta Costera 3 and the Corredor Norte highway. The residential sector in Panama continued its favorable trend, mainly driven by middle-to-high level housing construction.
Please refer to definition of terms and disclosure for presentation of financial and operating information.-
2013 Second Quarter Results-Page 3

 
OPERATING RESULTS
Costa Rica
—January – June—Second Quarter
-2013-2012—2013-2012-
—-% Var.—-% Var.
—pro forma—-pro forma-
Net sales-77-66-17%-42-33-28%
Operating EBITDA-35-27-28%-19-14-37%
Operating EBITDA margin-44.9%-41.0%-3.9p.p-45.8%-42.7%-3.1p.p
In millions of US dollars, except percentages.———
-Domestic gray cement-Ready-mix-Aggregates
Year-over-year percentage———
-January – June-Second Quarter-January – June-Second Quarter-January – June-Second Quarter
variation———
Volume-1%-11%-(12%)-(6%)-(8%)-(7%)
Price (USD)-14%-12%-16%-17%-(3%)-3%
Price (local currency)-13%-12%-14%-16%-(4%)-2%
In our operations in Costa Rica, our cement volumes in the quarter increased by 11%, while our ready-mix and aggregates volumes declined by 6% and 7% respectively, on a year-over-year basis. For the first half of this year, our cement volumes increased by 1%, while our ready-mix and aggregates volumes declined by 12% and 8%, respectively, compared to the same period a year ago. The decline in our ready-mix and aggregates volumes is explained by the conclusion of several large commercial projects.
Construction activity during the quarter was driven by the infrastructure sector with several ongoing hydroelectric and road projects, as well as by a favorable trend in the housing sector. In terms of the industrial-and-commercial sector, during the quarter some projects related to tourism started construction works.
Rest of CLH
—January – June—Second Quarter
-2013-2012—2013-2012-
—-% Var.—-% Var.
—pro forma—-pro forma-
Net sales-145-140-3%-74-69-7%
Operating EBITDA-41-40-2%-21-20-7%
Operating EBITDA margin-28.1%-28.4%-(0.3p.p)-28.9%-28.6%-0.3p.p
In millions of US dollars, except percentages.——-
-Domestic gray cement-Ready-mix-Aggregates
Year-over-year percentage———
-January – June-Second Quarter-January – June-Second Quarter-January – June-Second Quarter
variation———
Volume-1%-4%-(2%)-(6%)-52%-45%
Price (USD)-2%-3%-7%-9%-15%-11%
Price (local currency)-7%-6%-10%-13%-20%-16%
In the Rest of CLH region, which includes our operations in Nicaragua, Guatemala, El Salvador and Brazil, our domestic gray cement and aggregates volumes during the quarter increased by 4% and 45%, respectively, while our ready-mix volumes declined by 6%, compared to the same period last year. For the first six months of the year, our cement and aggregates volumes increased by 1% and 52%, respectively, while our ready-mix volumes declined by 2%, on a year-over-year basis. Nicaragua continued to show a strong performance, mainly driven by the infrastructure sector.
Please refer to definition of terms and disclosure for presentation of financial and operating information.-
2013 Second Quarter Results-Page 4

 
OPERATING EBITDA, FREE CASH FLOW AND DEBT RELATED INFORMATION
Operating EBITDA and free cash flow———
—January – June—-Second Quarter-
-2013-2012—2013-2012-
—-% Var—-% Var
—pro forma—-pro forma-
Operating earnings before other expenses, net-260-243-7%-143-127-12%
+ Depreciation and operating amortization-46-30—23-15-
Operating EBITDA-306-273-12%-166-143-16%
- Net financial expense-59—-30—
- Capital expenditures for maintenance-8—-5—
- Change in working capital-30——10—
- Taxes paid-65—-47—
- Other cash items (net)-3—-3—
Free cash flow after maintenance capital expenditures-141—-90—
- Strategic capital expenditures-16—-5—
Free cash flow-125—-85—
In millions of US dollars.———
The free cash flow generated during the quarter was used to reduce debt.
Information on Debt————
——First—-Second-
—Second Quarter—Quarter—-Quarter-
-2013-2012-% Var-2013—2013—2012
Total debt (1)(2)-1,479-666-122%-1,582-Currency denomination—-
Short-term-12%-7%—13%-US dollar-98%—100%
Long-term-88%-93%—87%-Colombian peso-2%—0%
Cash and cash equivalents-68-94-(28%)-68-Interest rate—-
Net debt-1,411-572-147%-1,514-Fixed-82%—0%
——-Variable-18%—100%
In millions of US dollars, except percentages.
(1) Includes capital leases, in accordance with International Financial Reporting Standards (IFRS).
(2) In 2013 represents the consolidated balances of CLH and subsidiaries. In 2012 represents the consolidated balances of the operating subsidiaries.
Please refer to definition of terms and disclosure for presentation of financial information.-
2013 Second Quarter Results-Page 5

 
OPERATING RESULTS
Income statement & balance sheet
CEMEX Latam Holdings S.A. and Subsidiaries
(Thousands of U.S. Dollars, except per share amounts)
—January – June—-Second Quarter-
-2013-2012—2012-2013-2012—2012
INCOME STATEMENT—-% Var.——% Var.-
—pro forma—reported—pro forma—reported
Net Sales-813,991-792,045-3%-792,045-430,649-399,444-8%-399,444
Cost of Sales-(384,320)-(388,116)-(1%)-(388,116)-(213,990)-(208,589)-2.59%-(208,589)
Gross Profit-429,671-403,929-6%-403,929-216,659-190,855-14%-190,855
Operating Expenses-(169,361)-(161,229)-5%-(202,159)-(73,857)-(63,528)-16%-(92,452)
Operating Earnings Before Other Expenses, Net-260,310-242,700-7%-201,770-142,802-127,327-12%-98,403
Other expenses, Net-(3,315)——(883)—-
Operating Earnings-256,995——141,919—-
Financial Expenses-(58,790)——(29,390)—-
Other Income (Expenses), Net-(4,762)——(2,326)—-
Net Income Before Income Taxes-193,443——110,203—-
Income Tax-(51,592)——5,132—-
Consolidated Net Income-141,851——115,335—-
Non-controlling Interest Net Income-(468)——(235)—-
CONTROLLING INTEREST NET INCOME-141,383——115,100—-
Operating EBITDA-306,393-273,017-12%—165,657-142,766-16%-
Earnings per share-0.25-N/A-N/A—0.21-N/A-N/A-
-As of June 30
BALANCE SHEET-2013
Total Assets-3,918,453
Cash and Temporary Investments-67,551
Trade Accounts Receivables-119,685
Other Receivables-90,445
Inventories-88,731
Other Current Assets-28,542
Current Assets-394,954
Fixed Assets-1,169,529
Other Assets-2,353,970
Total Liabilities-2,560,614
Current Liabilities-498,306
Long-Term Liabilities-2,048,203
Other Liabilities-14,105
Consolidated Stockholders’ Equity-1,357,839
Non-controlling Interest-5,894
Stockholders’ Equity Attributable to Controlling Interest-1,351,945
Please refer to definition of terms and disclosure for presentation of financial information.-
2013 Second Quarter Results-Page 6

 
OPERATING RESULTS
Income statement & balance sheet
CEMEX Latam Holdings S.A. and Subsidiaries
(Millions of Colombian Pesos in nominal terms, except per share amounts)
—January – June—-Second Quarter-
-2013-2012—2012-2013-2012—2012
INCOME STATEMENT—-% Var.——% Var.-
—pro forma—reported—pro forma—reported
Net Sales-1,501,967-1,418,897-6%-1,418,897-810,951-715,488-13%-715,488
Cost of Sales-(709,143)-(695,285)-2%-(695,285)-(402,962)-(373,627)-8%-(373,627)
Gross Profit-792,824-723,612-10%-723,612-407,989-341,861-19%-341,861
Operating Expenses, net-(312,503)-(288,831)-8%-(362,155)-(139,079)-(113,792)-22%-(165,602)
Operating Earnings Before Other Expenses, Net-480,321-434,781-10%-361,457-268,910-228,069-18%-176,259
Other Expenses, Net-(6,117)——(1,663)—-
Operating Earnings-474,204——267,247—-
Financial Expenses-(108,479)——(55,344)—-
Other Income (Expenses) Financial, net-(8,787)——(4,380)—-
Net Income Before Income Taxes-356,938——207,523—-
Income Tax-(95,197)——9,664—-
Consolidated Net Income-261,741——217,187—-
Non-controlling Interest Net Income-(864)——(443)—-
CONTROLLING INTEREST NET INCOME-260,877——216,744—-
Operating EBITDA-565,352-489,091-9%—311,947-255,755-9%-
Earnings per share-469.16-N/A-N/A—389.79-N/A-N/A-
-As of June 30
BALANCE SHEET-2013
Total Assets-7,558,696
Cash and Temporary Investments-130,306
Trade Accounts Receivables-230,872
Other Receivables-174,468
Inventories-171,162
Other Current Assets-55,058
Current Assets-761,866
Fixed Assets-2,256,022
Other Assets-4,540,808
Total Liabilities-4,939,425
Current Liabilities-961,232
Long-Term Liabilities-3,950,984
Other Liabilities-27,209
Consolidated Stockholders’ Equity-2,619,271
Non-controlling Interest-11,369
Stockholders’ Equity Attributable to Controlling Interest-2,607,902
Please refer to definition of terms and disclosure for presentation of financial information.-
2013 Second Quarter Results-Page 7

 
OPERATING RESULTS
Operating Summary per Country
In thousands of U.S. dollars. EBITDA margin as a percentage of net sales.
—January – June—Second Quarter
-2013-2012—2013-2012-
NET SALES—-% Var.—-% Var.
—pro forma—-pro forma-
Colombia-447,343-442,153-1%-238,446-225,870-6%
Panama-153,559-151,769-1%-81,106-75,040-8%
Costa Rica-77,048-65,736-17%-42,158-32,987-28%
Rest of CLH-145,097-140,230-3%-73,968-69,410-7%
Others and intercompany eliminations-(9,056)-(7,843)-15%-(5,029)-(3,863)-30%
TOTAL-813,991-792,045-3%-430,649-399,444-8%
GROSS PROFIT———
Colombia-250,816-246,749-2%-119,919-109,737-9%
Panama-81,020-76,635-6%-43,950-39,573-11%
Costa Rica-42,072-34,934-20%-23,274-18,280-27%
Rest of CLH-50,329-46,509-8%-26,289-23,982-10%
Others and intercompany eliminations-5,434-(898)-(705%)-3,227-(717)-(550%)
TOTAL-429,671-403,929-6%-216,659-190,855-14%
OPERATING EARNINGS BEFORE OTHER EXPENSES, NET——-
Colombia-174,138-162,865-7%-94,712-85,188-11%
Panama-65,443-59,828-9%-35,993-31,192-15%
Costa Rica-30,794-22,955-34%-17,399-11,769-48%
Rest of CLH-38,291-36,049-6%-20,124-18,397-9%
Others and intercompany eliminations-(48,356)-(38,997)-24%-(25,426)-(19,219)-32%
TOTAL-260,310-242,700-7%-142,802-127,327-12%
OPERATING EBITDA———
Colombia-189,871-176,145-8%-102,669-92,073-12%
Panama-74,315-68,333-9%-40,403-35,571-14%
Costa Rica-34,571-26,941-28%-19,308-14,071-37%
Rest of CLH-40,760-39,796-2%-21,358-19,883-7%
Others and intercompany eliminations-(33,124)-(38,198)-(13%)-(18,081)-(18,832)-(4%)
TOTAL-306,393-273,017-12%-165,657-142,766-16%
OPERATING EBITDA MARGIN———
Colombia-42.4%-39.8%—43.1%-40.8%-
Panama-48.4%-45.0%—49.8%-47.4%-
Costa Rica-44.9%-41.0%—45.8%-42.7%-
Rest of CLH-28.1%-28.4%—28.9%-28.6%-
TOTAL-37.6%-34.5%—38.5%-35.7%-
Please refer to definition of terms and disclosure for presentation of financial information.-
2013 Second Quarter Results-Page 8

 
OPERATING RESULTS
Volume Summary
CLH volume summary
Cement and aggregates: Thousands of metric tons.
Ready-mix: Thousands of cubic meters.
January – June Second Quarter
2013 2012 % Var. 2013 2012 % Var.
Total cement volume 1 3,620 3,682 (2%) 1,929 1,836 5%
Total domestic gray cement volume 3,258 3,335 (2%) 1,752 1,677 5%
Total ready-mix volume 1,534 1,530 0% 827 795 4%
Total aggregates volume 3,377 3,347 1% 1,830 1,738 5%
Per-country volume summary
January—June Second Quarter Second Quarter 2013 Vs.
DOMESTIC GRAY CEMENT VOLUME 2013 Vs. 2012 2013 Vs. 2012 First Quarter 2013
Colombia (6%) 3% 24%
Panama 3% 6% 11%
Costa Rica 1% 11% 13%
Rest of CLH 1% 4% 7%
READY-MIX VOLUME
Colombia 5% 8% 19%
Panama (9%) (1%) 14%
Costa Rica (12%) (6%) 17%
Rest of CLH (2%) (6%) 3%
AGGREGATES VOLUME
Colombia (1%) 3% 21%
Panama 2% 10% 15%
Costa Rica (8%) (7%) 6%
Rest of CLH 52% 45% 13%
1 Consolidated cement volume includes domestic and export volume of gray cement, white cement, special cement, mortar and clinker.
Please refer to definition of terms and disclosure for presentation of operating results.
2013 Second Quarter Results Page 9

 
OPERATING RESULTS
Price Summary
Variation in U.S. Dollars
January—June Second Quarter Second Quarter 2013 Vs.
DOMESTIC GRAY CEMENT PRICE 2013 Vs. 2012 2013 Vs. 2012 First Quarter 2013
Colombia 4% 1% (6%)
Panama 0% 1% 1%
Costa Rica 14% 12% 3%
Rest of CLH (*) 2% 3% (2%)
READY-MIX PRICE
Colombia 6% 3% (4%)
Panama 7% 9% 3%
Costa Rica 16% 17% 4%
Rest of CLH (*) 7% 9% 1%
AGGREGATES PRICE
Colombia (1%) (1%) (4%)
Panama 11% 9% (1%)
Costa Rica (3%) 3% 16%
Rest of CLH (*) 15% 11% (3%)
Variation in Local Currency
January—June Second Quarter Second Quarter 2013 Vs.
DOMESTIC GRAY CEMENT PRICE 2013 Vs. 2012 2013 Vs. 2012 First Quarter 2013
Colombia 8% 6% (2%)
Panama 0% 1% 1%
Costa Rica 13% 12% 3%
Rest of CLH (*) 7% 6% (5%)
READY-MIX PRICE
Colombia 10% 9% 0%
Panama 7% 9% 3%
Costa Rica 14% 16% 4%
Rest of CLH (*) 10% 13% 1%
AGGREGATES PRICE
Colombia 2% 4% 0%
Panama 11% 9% (1%)
Costa Rica (4%) 2% 15%
Rest of CLH (*) 20% 16% (2%)
(*) Volume weighted-average price.
Please refer to definition of terms and disclosure for presentation of operating results.
2013 Second Quarter Results Page 10

 
OTHER ACTIVITIES AND INFORMATION
CLH Annual General Shareholders’ Meeting held on May 15, 2013
The General Shareholders’ Meeting of CEMEX LATAM HOLDINGS, S.A.,
in accordance with the Call to the 2013 meeting published on April 12,
2013, was held, on first call, on May 15, 2013 with the attendance of a
total of 486,717,885 shares (all of them present, none represented),
reaching a quorum of 84.1667% of the share capital (present).
The General Shareholders’ Meeting approved, by absolute majority, all
of the proposed resolutions on the agenda. The full text of the
resolutions proposed has been available in our website
(www.cemexlatam.com) since April 12, 2013.
Tax Matters in Colombia
CEMEX Colombia, S.A. has reached a settlement with the Colombian
Tax Authority (Dirección de Impuestos) regarding its 2007 and 2008
year-end tax return The amount paid in connection with the
settlement corresponding to the 2007 and 2008 was 47,111,330,000
Colombian pesos (about U.S.$24.4 million based on an exchange rate
of 1,929 COP per USD). We are currently waiting for the resolution
regarding the settlement to be fully signed.
CLH provides building solutions for low-income housing project in
Colombia
On May 20, in Cúcuta, Colombia, former Housing Minister Germán
Vargas Lleras and CEMEX Latam Holdings (CLH) presented 71 lowincome
housing units. These are the first of 1,500 homes the company
will build in the city during the following ten months. Present at the
event was CLH CEO Carlos Jacks alongside local authorities and
government representatives.
This is the initial phase of a 100,000 unit low-income housing initiative
from the government of President Juan Manuel Santos, who seeks to
generate employment and reduce poverty levels. During this phase
around 570 people have been benefitted by the program.
To reduce construction costs and ensure that the homes were
completed on time and with the highest quality, CLH used an
industrialized building system using concrete walls and plaques with
metal frameworks. By using this modern system the company was able
to guarantee efficiency in worksite controls, precise dimensions of all
homes, and perfect finishes. During the event Minister Vargas Lleras
highlighted CLH’s speed, efficiency, and quality in facing the challenge
to participate in the 100,000 homes project.
2013 Second Quarter Results Page 11

 
DEFINITIONS OF TERMS AND DISCLOSURES
Methodology for translation and presentation of results
Under IFRS, CEMEX Latam Holdings, S.A. (“CLH”) reports its
consolidated results in its functional currency, which is the US Dollar,
by translating the financial statements of foreign subsidiaries using the
corresponding exchange rate at the reporting date for the balance
sheet and the corresponding exchange rates at the end of each month
for the income statement.
For the reader’s convenience, Colombian peso amounts for the
consolidated entity are calculated by converting the US dollar amounts
using the closing COP/US$ exchange rate at the reporting date for
balance sheet purposes, and the average COP/US$ exchange rate for
the corresponding period for income statement purposes. The
exchange rates used to convert: (i) the balance sheet as of June 30,
2013 was $1,929.00 Colombian pesos per US dollar, and (ii) the
consolidated results for the second quarter of 2013 and pro forma
combined result for the second quarter of 2012 were $1,883.09 and
$1,791.21 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 and combined financial information
When reference is made to consolidated financial information means
the financial information of CLH together with its consolidated
subsidiaries. When reference is made to combined financial
information means the financial information of CLH’s subsidiaries on a
combined basis.
Presentation of financial and operating information
Individual information is provided for Colombia, Panama and Costa
Rica.
Countries in Rest of CLH include Brazil, Guatemala, El Salvador and
Nicaragua.
Pro forma financial information included in the report
CLH was incorporated during the second quarter of 2012 for purposes
of the initial equity offering concluded on November 15, 2012. For
accounting purposes, the group reorganization pursuant to which CLH
acquired its consolidated subsidiaries was effective July 1, 2012. As a
result, CLH has no historical consolidated financial information for the
second quarter of 2012.
For convenience of the reader, and in order to present comprehensive
comparative operating information for the six and three month
periods ended June 30, 2013, CLH prepared pro forma selected
consolidated income statement information for the six and threemonth
periods ended June 30, 2012, intended in all cases and to the extent possible, to present the operating performance of CLH on a liketo-
like basis.
Pro forma year-to-date and second quarter 2012: CLH selected
consolidated income statement information for the six and threemonth
period ended June 30, 2012, was determined by reflecting the
original results of the operating subsidiaries for the six and threemonth
period ended June 30, 2012. In addition, in connection with the
5% corporate charges and royalties agreement entered into by CLH
with CEMEX and that was executed during the last quarter of 2012
with retroactive effects for full year 2012, the consolidated pro forma
condensed income statement information of CLH for the six and threemonth
period ended June 30, 2012 was adjusted to reflect the 5%
consolidated corporate charges and royalties.
CLH will continue to present pro forma amounts during 2013 in
connection with the quarterly comparative information of 2012, in
order to reflect the effect of the 5% royalty agreement allocated to
each quarter.
Exchange rates January – June January – June Second quarter
2013 2012 2013 2012 2013 2012
Closing Closing Average Average Average Average
Colombian peso 1,929.00 1,784.60 1,845.19 1,791.44 1,883.09 1,791.21
Panama balboa 1 1 1 1 1 1
Costa Rica colon 504.53 503.85 505.28 511.03 504.40 506.91
Euro 0.7685 0.7897 0.7625 0.7677 0.7661 0.7842
Amounts provided in units of local currency per US dollar.
2013 Second Quarter Results Page 12

 
DEFINITIONS OF TERMS AND DISCLOSURES
Pro forma Earnings per Share (“Pro forma EPS”)
CLH was incorporated in April 2012 and its relevant share capital was
contributed by CEMEX España on July 31, 2012 and by third-party
investors on November 6, 2012. Therefore, there are no regular
quarterly periods for 2012 in order to determine the average
number of shares outstanding as indicated under IFRS for purposes
of presenting Earnings per Share amounts.
Considering this limitation CLH does not includes Pro Forma EPS for
the pro forma six and three-month periods ended June 30, 2012.
Volumes and prices
Considering the limitations of historical information described above,
CLH changes in volumes and prices, presented for convenience of the
reader, consider volumes and average prices on a pro forma basis for
the six and three-month periods ended June 30, 2012.
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 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.
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.
Working capital equals operating accounts receivable (including other
current assets received as payment in kind) plus historical inventories
minus operating payables.
2013 Second Quarter Results Page 13

Exhibit 3

2Q13 Results

 	

Forward looking information
This presentation contains certain forward-looking statements and information relating to CEMEX Latam Holdings, S.A. and its subsidiaries (collectively, “CLH”) that are based on its knowledge of present facts, expectations and projections, circumstances and assumptions about future events. Many factors could cause the actual results, performance or achievements of CLH to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic, political, governmental, and business conditions globally and in the countries in which CLH and CEMEX, S.A.B. de C.V. and its subsidiaries (“CEMEX”) operate, CLH ability to comply with the framework agreement signed with CEMEX, CEMEX’s ability to comply with the terms and obligations of the facilities agreement entered into with major creditors and other debt agreements, CLH and CEMEX’s ability to achieve anticipated cost savings, changes in interest rates, changes in inflation rates, changes in exchange rates, the cyclical activity of the construction sector generally, changes in cement demand and prices, CLH and CEMEX’s ability to benefit from government economic stimulus plans, changes in raw material and energy prices, changes in business strategy, changes in the prevailing regulatory framework, natural disasters and other unforeseen events 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 as anticipated, believed, estimated, expected or targeted. Forward-looking statements are made as of the date hereof, and CLH does not intend, nor is it obligated, to update these forward-looking statements, whether as a result of new information, future events or otherwise.
UNLESS OTHERWISE NOTED, ALL CONSOLIDATED AND COMBINED FIGURES ARE PRESENTED IN DOLLARS AND ARE BASED ON THE FINANCIAL STATEMENTS OF EACH COUNTRY PREPARED UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS. FOR CONVENIENCE OF THE READER, SELECTED CONSOLIDATED AND
COMBINED FINANCIAL INFORMATION FOR THE YEAR 2012 AND THE SECOND QUARTER OF 2012 HAS BEEN PREPARED ON A PRO FORMA BASIS.
Copyright CEMEX Latam Holdings, S.A. and its subsidiaries.
2

 	

2Q13 results highlights
January – June Second Quarter
2012 2012
Millions of US dollars 2013% var 2013% var
Proforma Proforma
Net sales 814 792 3% 431 399 8%
Gross profit 430 404 6% 217 191 14%
Operating earnings before
other expenses, net 260 243 7% 143 127 12%
Operating EBITDA 306 273 12% 166 143 16%
Free cash flow after 141 90
maintenance capex
Operating EBITDA during the second quarter increased by 16%, with an 8% growth in net sales, compared to the pro forma 2Q12 Adjusting for foreign exchange fluctuations and additional working days in the second quarter, our operating EBITDA increased also by 16%
Operating EBITDA margin expansion was driven by our ongoing cost reduction efforts, benefits from our commercial strategies, and higher volumes and prices for our products
3

 	

CLH: volumes and prices
6M13 vs. 6M12 2Q13 vs. 2Q12 2Q13 vs. 1Q13
Volume(2%) 5% 16%
Domestic gray
cement Price (USD) 4% 2%(3%)
Price (l-t-l1) 6% 5%(1%)
Volume 0% 4% 17%
Ready mix Price (USD) 7% 6%(2%)
Price (l-t-l1) 9% 10% 1%
Volume 1% 5% 18%
Aggregates Price (USD) 1% 0%(2%)
Price (l-t-l1) 3% 4% 1%
Significant sequential improvement in demand dynamics in our main markets
Higher levels of construction activity in the quarter supports our full year expectations In local currency terms, prices for our products in the second quarter increased by 1% in both ready-mix and aggregates and declined by 1% in cement when compared to the first quarter
1 Like-to-like prices adjusted for foreign-exchange fluctuations
4

 	

2Q13 achievements
Continued our efforts to increase the use of alternative fuels
On a consolidated basis, alternative fuels consumption reached 26% during 2Q13
In our operations in Colombia, the use of alternative fuels increased to 43% in 2Q13
Improvements in our fleet and route optimization during 2012 have resulted in lower distribution expenses in our main markets
In Colombia, we are participating as contractor in several housing projects
About 5,400 homes under the 100-thousand government-sponsored free-home program
372 units with local governments in Tolima and Risaralda
Recently signed a contract for an additional 1,000 homes
In Colombia, as of the second quarter, 66 Construramas had been opened and 141 had signed up to join the network
New 500K ton cement grinding capacity project in the Colombian Atlantic Coast on track to become operational during the fourth quarter of 2013
5

 	

Second Quarter 2013
Regional Highlights

 	

Colombia
Millions of 6M12 2Q12
6M13% var 2Q13% var
US dollars Proforma Proforma
Net Sales 447 442 1% 238 226 6%
Op. EBITDA 190 176 8% 103 92 12%
as % net sales 42.4% 39.8% 2.6pp 43.1% 40.8% 2.3pp
6M13 vs. 2Q13 vs. 2Q13 vs.
Volume 6M12 2Q12 1Q13
Cement(6%) 3% 24%
Ready mix 5% 8% 19%
Aggregates(1%) 3% 21%
Price (LC) 6M13 vs. 2Q13 vs. 2Q13 vs.
6M12 2Q12 1Q13
Cement 8% 6%(2%)
Ready mix 10% 9% 0%
Aggregates 2% 4% 0%
Significant operating EBITDA margin expansion during the quarter Improvement in demand in second quarter driven by the residential and industrial-and-commercial sectors Cement, ready-mix and aggregates volumes increased by 20%, 16% and 18%, respectively, versus first quarter, adjusting for working days Stimulus package announced by the government to boost economic growth is expected to have a positive impact on infrastructure and housing
7

 	

Panama
Millions of 6M12 2Q12
6M13% var 2Q13% var
US dollars Proforma Proforma
Net Sales 154 152 1% 81 75 8%
Op. EBITDA 74 68 9% 40 36 14%
as % net sales 48.4% 45.0% 3.4pp 49.8% 47.4% 2.4pp
6M13 vs. 2Q13 vs. 2Q13 vs.
Volume 6M12 2Q12 1Q13
Cement 3% 6% 11%
Ready mix(9%)(1%) 14%
Aggregates 2% 10% 15%
Price (LC) 6M13 vs. 2Q13 vs. 2Q13 vs.
6M12 2Q12 1Q13
Cement 0% 1% 1%
Ready mix 7% 9% 3%
Aggregates 11% 9%(1%)
Operating EBITDA margin expansion of 2.4pp during 2Q13 Activity on infrastructure was driven by the Canal expansion as well as other ongoing projects like Cinta Costera 3 and the Corredor Norte highway
Residential sector in Panama continued its favorable trend The decline in ready-mix volumes during the quarter mainly resulted from the termination of a large hydroelectric project
8

 	

Costa Rica
Millions of 6M12 2Q12
6M13% var 2Q13% var
US dollars Proforma Proforma
Net Sales 77 66 17% 42 33 28%
Op. EBITDA 35 27 28% 19 14 37%
as % net sales 44.9% 41.0% 3.9pp 45.8% 42.7% 3.1pp
6M13 vs. 2Q13 vs. 2Q13 vs.
Volume 6M12 2Q12 1Q13
Cement 1% 11% 13%
Ready mix(12%)(6%) 17%
Aggregates(8%)(7%) 6%
Price (LC) 6M13 vs. 2Q13 vs. 2Q13 vs.
6M12 2Q12 1Q13
Cement 13% 12% 3%
Ready mix 14% 16% 4%
Aggregates(4%) 2% 15%
During 2Q13, significant improvement in operating EBITDA margin Residential sector continued to show a positive performance, with permits year-to-date May growing by 7% Expect favorable trend in infrastructure to continue driven by new projects like the Northern Interamerican Highway Decline in ready-mix and aggregates volumes reflected completion of large commercial projects; however, with the initiation of new tourism projects our volume trend started to improve in June
9

 	

Rest of CLH
Millions of 6M12 2Q12
6M13% var 2Q13% var
US dollars Proforma Proforma
Net Sales 145 140 3% 74 69 7%
Op. EBITDA 41 40 2% 21 20 7%
as % net sales 28.1% 28.4%(0.3pp) 28.9% 28.6% 0.3pp
6M13 vs. 2Q13 vs. 2Q13 vs.
Volume 6M12 2Q12 1Q13
Cement 1% 4% 7%
Ready mix(2%)(6%) 3%
Aggregates 52% 45% 13%
Price (LC)1 6M13 vs. 2Q13 vs. 2Q13 vs.
6M12 2Q12 1Q13
Cement 7% 6%(5%)
Ready mix 10% 13% 1%
Aggregates 20% 16%(2%)
In the region, Nicaragua continues to show a strong performance, mainly driven by the infrastructure sector We expect activity in the sector to increase going forward driven by new projects like the 253-megawatt Tumarín hydroelectric dam In Nicaragua, we continue with our paving solutions, participating in the road network improvement project “Calles para el Pueblo”
1 Volume-weighted, local-currency average prices
10

 	

Second quarter 2013
2Q13 Results

 	

Operating EBITDA, cost of sales and operating expenses
January – June Second Quarter
2012 2012
Millions of US dollars 2013% var 2013% var
Proforma Proforma
Net sales 814 792 3% 431 399 8%
Operating EBITDA 306 273 12% 166 143 16%
as % net sales 37.6% 34.5% 3.1pp 38.5% 35.7% 2.8pp
Cost of sales 384 388(1%) 214 209 3%
as % net sales 47.2% 49.0%(1.8pp) 49.7% 52.2%(2.5pp)
Operating expenses 169 161 5% 74 64 16%
as % net sales 20.8% 20.4% 0.4pp 17.2% 15.9% 1.3pp
Higher operating EBITDA and operating EBITDA margin in the quarter resulted from higher volumes, better pricing levels for our products and our efficiency improvement initiatives Cost of sales as a percentage of net sales decreased by 2.5pp during the second quarter mainly due to lower fuel costs and the effect of higher prices on sales
Kiln-fuel and electricity bill on a per-ton-of-cement-produced basis declined by 3% during the first six months of the year, compared to the same period a year ago
12

 	

Free cash flow
January – June Second Quarter
2012 2012
Millions of US dollars 2013% var 2013% var
Proforma Proforma
Operating EBITDA 306 273 12% 166 143 16%
- Net Financial Expense 59 30
- Maintenance Capex 8 5
- Change in Working Cap 30(10)
- Taxes Paid 65 47
- Other Cash Items (net) 3 3
Free Cash Flow after Maint.Capex 141 90
- Strategic Capex 16 5
Free Cash Flow 125 85
During the quarter, we recovered part of the investment made in working capital in the first quarter Free cash flow generated during the second quarter was used to reduce debt
13

 	

Consolidated debt maturity profile
Total debt as of June 30, 2013 US$ 1,479 million
679.9
Millions of
US dollars
256.0
143.0 143.0 143.0
114.7
2013 2014 2015 2016 2017 2018
Includes CEMEX Colombia short-term leases
14

 	

Second Quarter 2013
2013 Outlook

 	

2013 guidance
We expect consolidated volumes for cement to increase by 4%, ready-mix volumes to grow by 6% and aggregates volumes to increase by 9% during 2013 For 2013, total capital expenditures are expected to be US$92 million, US$38 million in maintenance capex and US$54 million in strategic capex
16

 	

Second Quarter 2013
Appendix

 	

Additional information on debt
Second Quarter Second Quarter First Quarter
Millions of US dollars 2013 2012 2013
Total debt 1,479 666 1,582
Short-term 12% 7% Variable 13%
Long-term U.S. 88% 93% 41% 87%
Cash and cash equivalents dollar 68 94 68
82%
Net debt 1,411 572 1,514
Second Quarter Second Quarter
Currency Denomination 2013 2012
US Dollar 98% 100%
Colombian Peso 2% 0%
Interest rate
Fixed 82% 0%
Variable 18% 100%
18

 	

6M13 volume and price summary: Selected countries
Domestic gray cement Ready mix Aggregates
6M13 vs. 6M12 6M13 vs. 6M12 6M13 vs. 6M12
Prices Prices Prices Prices Prices Prices
Volumes Volumes Volumes
(USD)(LC)(USD)(LC)(USD)(LC)
Colombia(6%) 4% 8% 5% 6% 10%(1%)(1%) 2%
Panama 3% 0% 0%(9%) 7% 7% 2% 11% 11%
Costa Rica 1% 14% 13%(12%) 16% 14%(8%)(3%)(4%)
Rest of CLH 1% 2% 7%(2%) 7% 10% 52% 15% 20%
19

 	

2Q13 volume and price summary: Selected countries
Domestic gray cement Ready mix Aggregates
2Q13 vs. 2Q12 2Q13 vs. 2Q12 2Q13 vs. 2Q12
Prices Prices Prices Prices Prices Prices
Volumes Volumes Volumes
(USD)(LC)(USD)(LC)(USD)(LC)
Colombia 3% 1% 6% 8% 3% 9% 3%(1%) 4%
Panama 6% 1% 1%(1%) 9% 9% 10% 9% 9%
Costa Rica 11% 12% 12%(6%) 17% 16%(7%) 3% 2%
Rest of CLH 4% 3% 6%(6%) 9% 13% 45% 11% 16%
20

 	

2013 Expected Outlook: Selected countries
Domestic gray cement Ready mix Aggregates
Volumes Volumes Volumes
Consolidated 4% 6% 9%
Colombia 3% 6% 10%
Panama 4% 7% 5%
Costa Rica 5% 2% 6%
21

 	

Definitions
6M13 / 6M12: results for the six months of the years 2013 and 2012, respectively.
Cement: When providing cement volume variations, refers to domestic gray cement operations.
LC: Local currency.
Like-to-like percentage variation (l-t-l % var): Percentage variations adjusted for investments/divestments and currency fluctuations.
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.
Operating EBITDA: Operating earnings before other expenses, net plus depreciation and operating amortization. pp: percentage points.
Rest of CLH: includes Brazil, Guatemala, El Salvador and Nicaragua.
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.
22

 	

Presentation of pro forma financial information
For convenience of the reader, and in order to present comprehensive comparative operating information for the three and six-month periods ended June 30, 2013, CLH prepared pro forma selected consolidated income statement information for the three and six-month periods ended June 30, 2012, intended in all cases and to the extent possible, to present the operating performance of CLH on a like-to-like basis.
Pro forma year-to-date and second quarter 2012: CLH selected consolidated income statement information for the three and six-month periods ended June 30, 2012, was determined by reflecting the original results of the operating subsidiaries for the three and six-month periods ended June 30, 2012. In addition, in connection with the 5% corporate charges and royalties agreement entered into by CLH with CEMEX and that was executed during the last quarter of 2012 with retroactive effects for full year 2012, the consolidated pro forma condensed income statement information of CLH for the three and six-month periods ended June 30, 2012 was adjusted to reflect the 5% consolidated corporate charges and royalties.
Volumes and prices
CLH changes in volumes and prices, presented for convenience of the reader, consider volumes and average prices on a pro forma basis for the three and six-month periods ended June 30, 2012.
23

 	

Contact information
Investor Relations Stock Information
Patricio Treviño Garza Colombian Stock Exchange:
Phone: +57(1) 603-9823 CLH
E-mail: patricio.trevinog@cemex.com
Calendar of Events
October 23, 2013 Third quarter 2013 financial results conference call
24