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 February, 2015
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 offices)

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

 

Contents
 
1.	Press release, dated February 4, 2015, announcing fourth quarter and full year 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
2.	Fourth quarter and full year 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
3.	Presentation regarding fourth quarter and full year 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
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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: February 4, 2015	 	 	 	By:	 	/s/ Rafael Garza	
 	 	 	 	Name:	 	Rafael Garza	
 	 	 	 	Title:	 	Chief Comptroller	
 
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EXHIBIT INDEX

EXHIBIT
NO.	 	DESCRIPTION	
 	 	
1.	 	Press release, dated February 4, 2015, announcing fourth quarter and full year 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 	 	
2.	 	Fourth quarter and full year 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 	 	
3.	 	Presentation regarding fourth quarter and full year 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
4

Exhibit 1

Media Relations
Paula Andrea Escobar
+57 (1) 603-9079
paulaandrea.escobar@cemex.com	 	Investor Relations
Patricio Treviño
+57 (1) 603-9823
patricio.trevinog@cemex.com	

CEMEX LATAM HOLDINGS REPORTS
FOURTH QUARTER 2014 RESULTS
 
 	•	 	Consolidated cement, ready-mix and aggregates volumes during 2014 increased by 5%, 8% and 18%, respectively, compared to 2013	
BOGOTÁ, COLOMBIA, FEBRUARY 4, 2015 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that consolidated net sales reached US$1,725 million during 2014, declining by 1% compared to 2013. During the fourth quarter of 2014, net sales declined by 13% versus the fourth quarter of 2013, explained by foreign exchange fluctuations as well as lower revenue from the housing solutions projects in Colombia in 2014. Adjusting for these two effects, consolidated net sales increased by 9% during 2014 and by 8% during the fourth quarter of 2014, on a year-over-year basis.
Operating EBITDA, also adjusting for foreign exchange fluctuations and the effect of a lower contribution from the housing solutions projects in Colombia, declined by 1% during the fourth quarter of 2014 and by 2% during 2014, compared to the same periods in 2013.
Consolidated cement, ready-mix and aggregates volumes during 2014 increased by 5%, 8% and 18%, respectively, compared to 2013, driven mainly by positive volume dynamics in Colombia.
Carlos Jacks, CEO of CLH, said, “We are pleased with the volume performance in some of our markets like Colombia. In fact, 2014 is the fifth consecutive year with cement and ready-mix volume growth in our operations in Colombia. We also reached new volume records in other markets such as Nicaragua and Guatemala.”
CLH’s Financial and Operational Highlights
 
 	•	 	During 2014, cement, ready-mix and aggregates volumes in Colombia increased by 16%, 14% and 20%, respectively, compared to 2013.	
 
 	•	 	Adjusting for foreign exchange fluctuations and the effect of lower revenue in the housing solutions projects, net sales in Colombia increased by 14% during 2014, and by 10% during the fourth quarter of 2014, on a year-over-year basis.	
 
 	•	 	In Panama, ready-mix and aggregates volumes in the fourth quarter increased by 6% and 21%, respectively, compared to the same period in 2013. During 2014 CLH’s operations in Panama reached a new sales and operating EBITDA record.	
 
 	•	 	Free cash flow after maintenance capital expenditures reached US$252 million during 2014. Strategic capital expenditures of US$80 million in 2014 are mainly related to our capacity expansion project in Colombia and our new grinding facility in Nicaragua.	
 
1

Carlos Jacks, added, “We remain encouraged by the industry fundamentals in our markets. We expect the infrastructure and housing sectors in the region to remain important drivers for demand of our products over the following years.”
Consolidated Corporate Results
During the fourth quarter of 2014, controlling interest net income was a gain of US$64 million.
Net debt during 2014 declined by US$164 million to US$1,140 million as of the end of the year.
Geographical Markets Fourth Quarter 2014 Highlights
Operating EBITDA in Colombia decreased by 31% to US$82 million in the fourth quarter of 2014 versus US$119 million in the fourth quarter of 2013, with a decline of 23% in net sales reaching US$225 million.
In Panama, operating EBITDA increased by 25% to US$31 million during the fourth quarter of 2014. Net sales reached US$74 million in the fourth quarter of 2014, an increase of 2% compared to the same period in 2013.
In Costa Rica, operating EBITDA reached US$18 million during the fourth quarter, increasing by 6% compared to the same period in 2013. Net sales increased by 3% to US$39 million, compared to the fourth quarter of 2013.
In the Rest of CLH region net sales during the fourth quarter reached US$67 million increasing by 3% compared to the fourth quarter of 2013. Operating EBITDA in the fourth quarter increased by 3%, versus the comparable period in 2013, reaching US$18 million.
CLH 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. CLH’s 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.
Operating EBITDA is defined as operating earnings before other expenses, net plus depreciation and operating amortization. Free Cash Flow is defined as operating EBITDA minus net interest expense, maintenance and expansion capital expenditures, change in working capital, taxes paid, and other cash items (net other expenses less proceeds from the disposal of obsolete and/or substantially depleted operating fixed assets that are no longer in operation). All of the above items are prepared under International Financial Reporting Standards as issued by the International Accounting Standards Board. Operating EBITDA and Free Cash Flow (as defined above) are presented herein because CLH believes that they are widely accepted as financial indicators of CLH’s ability to internally fund capital expenditures and service or incur debt. Operating EBITDA and Free Cash Flow should not be considered as indicators of CLH’s financial performance, as alternatives to cash flow, as measures of liquidity or as being comparable to other similarly titled measures of other companies.
 
2

Exhibit 2

 
2014 FOURTH QUARTER RESULTS n Stock Listing Information Colombian Stock Exchange S.A. Ticker: CLH n Investor Relations Patricio Treviño Garza +57 (1) 603-9823 E-mail: patricio.trevinog@cemex.com

 
OPERATING AND FINANCIAL HIGHLIGHTS January _ December Fourth Quarter 2014 2013 % Var. 2014 2013 % Var. Consolidated cement volume 7,910 7,357 1,924 1,821 6% (thousand of metric tons) 8% Consolidated domestic gray cement 7,074 6,721 1,747 1,727 1% volume (thousand of metric tons) 5% Consolidated ready-mix volume 3,497 3,237 872 795 10% (thousand of cubic meters) 8% Consolidated aggregates volume 8,671 7,376 2,172 1,920 13% (thousand of metric tons) 18% Net sales 1,725 1,750 (1%) 400 462 (13%) Gross profit 855 898 (5%) 199 230 (13%) Gross profit margin 49.6% 51.3% (1.7pp) 49.8% 49.8% 0.0pp Operating earnings before other 481 535 (10%) 109 130 (16%) expenses, net Operating earnings before other 27.9% 30.6% (2.7pp) 27.3% 28.1% (0.8pp) expenses, net, margin Controlling interest net income 273 264 4% 64 26 144% Operating EBITDA 577 633 (9%) 134 158 (15%) Operating EBITDA margin 33.5% 36.2% (2.7pp) 33.5% 34.2% (0.7pp) Free cash flow after maintenance 252 299 (16%) (1) 66 N/A capital expenditures Free cash flow 172 256 (33%) (40) 54 N/A Net debt 1,140 1,304 (13%) 1,140 1,304 (13%) Total debt 1,191 1,381 (14%) 1,191 1,381 (14%) Earnings per share 0.49 0.47 4% 0.12 0.05 144% Shares outstanding at end of period 556 556 0% 556 556 0% Employees 4,915 4,383 12% 4,915 4,383 12% 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 during the fourth quarter of 2014 declined by 13% compared to the fourth quarter of 2013, mainly as a result of foreign exchange fluctuations and the effect of lower revenue from our housing initiatives in Colombia. Cost of sales as a percentage of net sales during the fourth quarter of 2014 remained stable at 50.2%, compared to the same period in 2013. Operating expenses as a percentage of net sales during the fourth quarter increased by 0.8pp from 21.7% to 22.5% compared to the same period in 2013. Operating EBITDA during the fourth quarter reached US$134 million, declining by 15% compared to the fourth quarter of 2013. This decline is mainly explained by foreign exchange fluctuations and the effect of lower EBITDA contribution from our housing initiatives in Colombia. Operating EBITDA margin during the fourth quarter of 2014 declined by 0.7pp, compared to the fourth quarter of 2013. Controlling interest net income during the fourth quarter of 2014 reached US$64 million, increasing by 144% compared to the fourth quarter of 2013. Total debt at the end of the fourth quarter of 2014 reached US$1,191 million. Please refer to definition of terms and disclosure for presentation of financial and operating information. 2014 Fourth Quarter Results

 
Colombia January _ December Fourth Quarter 2014 2013 % Var. 2014 2013 % Var. Net sales 993 1,025 (3%) 225 291 (23%) Operating EBITDA 363 424 (14%) 82 119 (31%) Operating EBITDA margin 36.5% 41.3% (4.8pp) 36.6% 40.9% (4.3pp) In millions of US dollars, except percentages. Domestic gray cement Ready-mix Aggregates Year-over-year percentage January _ December Fourth Quarter January _ December Fourth Quarter January _ December Fourth Quarter variation 2014 2014 2014 2014 2014 2014 Volume 16% 10% 14% 12% 20% 9% Price (USD) (10%) (18%) (5%) (13%) (5%) (7%) Price (local currency) (4%) (6%) 1% 1% 1% 7% In Colombia, during the fourth quarter our domestic gray cement, ready-mix and aggregates volumes increased by 10%, 12% and 9%, respectively, compared to the fourth quarter of 2013. For the full year, our domestic gray cement, ready-mix and aggregates volumes increased by 16%, 14% and 20%, respectively, compared to 2013. Construction activity in the fourth quarter was supported by a positive performance in all demand segments. The residential sector, including self-construction and formal housing, continued its positive trend. Infrastructure remained also an important driver for demand of our products with the execution of several ongoing highway projects. The industrial and commercial sectors continued with a strong performance driven by office and commercial buildings. OPERATING RESULTS Panama January _ December Fourth Quarter 2014 2013 % Var. 2014 2013 % Var. Net sales 315 310 2% 74 72 2% Operating EBITDA 140 139 0% 31 25 25% Operating EBITDA margin 44.3% 44.9% (0.6pp) 42.5% 34.8% 7.7pp In millions of US dollars, except percentages. Domestic gray cement Ready-mix Aggregates Year-over-year percentage January _ December Fourth Quarter January _ December Fourth Quarter January _ December Fourth Quarter variation 2014 2014 2014 2014 2014 2014 Volume (15%) (16%) (1%) 6% 4% 21% Price (USD) 12% 11% 0% 1% (1%) 1% Price (local currency) 12% 11% 0% 1% (1%) 1% In Panama during the fourth quarter our domestic gray cement declined by 16% while our ready-mix and aggregates volumes increased by 6% and 21%, respectively, compared to the fourth quarter of 2013. During 2014, our domestic gray cement and ready-mix volumes declined by 15% and 1%, respectively, while our aggregates volumes increased by 4% compared to 2013. The decline in our cement volumes during the quarter, on a year-over-year basis, was attributed to lower consumption from the Panama Canal expansion project and the conclusion of infrastructure projects like Cinta Costera 3. The residential sector remained the main driver for demand of our products. Please refer to definition of terms and disclosure for presentation of financial and operating information. 2014 Fourth Quarter Results Page 3

 
OPERATING RESULTS Costa Rica January _ December Fourth Quarter 2014 2013 % Var. 2014 2013 % Var. Net sales 153 155 (1%) 39 38 3% Operating EBITDA 69 69 0% 18 17 6% Operating EBITDA margin 45.4% 44.6% 0.8pp 46.9% 45.7% 1.2pp In millions of US dollars, except percentages. Domestic gray cement Ready-mix Aggregates Year-over-year percentage January _December Fourth Quarter January _ December Fourth Quarter January _ December Fourth Quarter variation 2014 2014 2014 2014 2014 2014 Volume (2%) (12%) (22%) (14%) 5% 24% Price (USD) (2%) 3% (5%) (10%) (11%) (10%) Price (local currency) 6% 11% 3% (3%) (4%) (4%) In Costa Rica, during the fourth quarter our domestic gray cement and ready-mix volumes declined by 12% and 14%, respectively, while our aggregates volumes increased by 24%, compared to the fourth quarter of 2013. For the full year 2014, our domestic gray cement and ready-mix volumes decreased by 2% and by 22%, respectively, while our aggregates volumes increased by 5%, compared to 2013. Construction activity in Costa Rica during the quarter was affected by delays in the start of new projects. Infrastructure was the main driver of cement demand during the fourth quarter. Rest of CLH January _ December Fourth Quarter 2014 2013 % Var. 2014 2013 % Var. Net sales 277 275 1% 67 64 3% Operating EBITDA 78 77 2% 18 18 3% Operating EBITDA margin 28.3% 28.0% 0.3pp 27.5% 27.6% (0.1pp) In millions of US dollars, except percentages. Domestic gray cement Ready-mix Aggregates Year-over-year percentage January _ December Fourth Quarter January _ December Fourth Quarter January _ December Fourth Quarter variation 2014 2014 2014 2014 2014 2014 Volume (1%) (3%) 2% 8% 56% 50% Price (USD) (1%) 1% 6% 8% (6%) 9% Price (local currency) 2% 4% 7% 8% (1%) 14% In the Rest of CLH region, which includes our operations in Nicaragua, Guatemala, El Salvador and Brazil, during the fourth quarter of 2014 our domestic gray cement decreased by 3%, while our ready-mix and aggregates volumes increased by 8% and 50%, respectively, compared to the fourth quarter of 2013. During 2014, our domestic gray cement volume declined by 1%, while our ready-mix and aggregates volumes increased by 2% and 56%, respectively, compared to 2013. Ongoing infrastructure projects like the Izapa-Nejapa highway in Nicaragua, along with the commercial sector in Guatemala, remained the main drivers for demand of our products. Please refer to definition of terms and disclosure for presentation of financial and operating information. 2014 Fourth Quarter Results Page 4

 
OPERATING EBITDA, FREE CASH FLOW AND DEBT RELATED INFORMATION Operating EBITDA and free cash flow January _ December Fourth Quarter 2014 2013 % Var 2014 2013 % Var Operating earnings before other expenses, net 481 535 (10%) 109 130 (16%) + Depreciation and operating amortization 96 98 25 28 Operating EBITDA 577 633 (9%) 134 158 (15%)—Net financial expense 90 114 15 27—Capital expenditures for maintenance 63 51 25 29—Change in working capital 64 35 68 (8)—Taxes paid 110 118 29 33—Other cash items (net) (2) 16 (2) 11 Free cash flow after maintenance capital expenditures 252 299 (16%) (1) 66 N/A—Strategic capital expenditures 80 43 40 12 Free cash flow 172 256 (33%) (40) 54 N/A In millions of US dollars. Free cash flow generated during 2014 was mainly used to reduce debt. Information on Debt Third Fourth Quarter Fourth Quarter Quarter 2014 2013 % Var 2014 2014 2013 Total debt (1)(2) 1,191 1,381 (14%) 1,142 Currency denomination Short- term 12% 19% 22% US dollar 99% 98% Long -term 88% 81% 78% Colombian peso 1% 2% Cash and cash equivalents 52 77 (33%) 54 Interest rate Net debt 1,140 1,304 (13%) 1,088 Fixed 79% 81% Variable 21%19% In millions of US dollars, except percentages. (1)Includes capital leases, in accordance with International Financial Reporting Standards (IFRS). (2)Represents the consolidated balances of CLH and subsidiaries. Please refer to definition of terms and disclosure for presentation of financial information. 2014 Fourth 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 _ December Fourth Quarter 2014 2013 % Var. 2014 2013 % Var. INCOME STATEMENT Net Sales 1,724,711 1,750,116 (1%) 400,413 462,351 (13%) Cost of Sales (869,388) (852,161) (2%) (201,091) (231,931) 13% Gross Profit 855,323 897,955 (5%) 199,321 230,420 (13%) Operating Expenses (374,191) (362,659) (3%) (90,109) (100,549) 10% Operating Earnings Before Other Expenses, Net 481,132 535,296 (10%) 109,212 129,871 (16%) Other expenses, Net (2,758) (15,742) 82% 1,104 (11,068) N/A Operating Earnings 478,374 519,554 (8%) 110,317 118,803 (7%) Financial Expenses (90,448) (113,763) 20% (15,226) (26,977) 44% Other Income (Expenses), Net 31,152 (3,228) N/A 25,587 1,681 1422% Net Income Before Income Taxes 419,078 402,563 4% 120,678 93,507 29% Income Tax (144,706) (137,837) (5%) (56,115) (67,350) 17% Consolidated Net Income 274,371 264,726 4% 64,563 26,157 147% Non-controlling Interest Net Income (974) (624) (56%) (124) 263 N/A CONTROLLING INTEREST NET INCOME 273,397 264,102 4% 64,439 26,420 144% Operating EBITDA 576,942 632,681 (9%) 134,100 158,268 (15%) Earnings per share 0.49 0.47 4% 0.12 0.05 144% As of December As of December 31 31 BALANCE SHEET 2014 2013 Total Assets 3,491,283 3,836,312 Cash and Temporary Investments 51,772 76,691 Trade Accounts Receivables 122,003 164,195 Other Receivables 33,753 86,022 Inventories 102,821 103,683 Other Current Assets 18,347 19,227 Current Assets 328,695 449,818 Fixed Assets 1,114,921 1,205,574 Other Assets 2,047,666 2,180,920 Total Liabilities 2,090,348 2,478,332 Current Liabilities 406,913 641,873 Long-Term Liabilities 1,672,060 1,824,316 Other Liabilities 11,375 12,143 Consolidated Stockholders’ Equity 1,400,934 1,357,980 Non-controlling Interest 5,762 14,989 Stockholders’ Equity Attributable to Controlling Interest 1,395,172 1,342,991 Please refer to definition of terms and disclosure for presentation of financial information. 2014 Fourth 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 _ December Fourth Quarter 2014 2013 2014 INCOME STATEMENT % Var. 2013 % Var. Net Sales 3,480,196 3,289,388 6% 887,470 885,060 0% Cost of Sales (1,754,289) (1,601,659) (10%) (445,697) (443,976) (0%) Gross Profit 1,725,907 1,687,729 2% 441,774 441,084 0% Operating Expenses, net (755,058) (681,627) (11%) (199,717) (192,477) (4%) Operating Earnings Before Other Expenses, Net 970,849 1,006,102 (4%) 242,057 248,607 (3%) Other Expenses, Net (5,565) (29,587) 81% 2,448 (21,187) N/A Operating Earnings 965,284 976,515 (1%) 244,505 227,420 8% Financial Expenses (182,510) (213,820) 15% (33,746) (51,641) 35% Other Income (Expenses) Financial, net 62,859 (6,067) N/A 56,710 3,218 1662% Net Income Before Income Taxes 845,633 756,628 12% 267,469 178,997 49% Income Tax (291,995) (259,068) (13%) (124,372) (128,925) 4% Consolidated Net Income 553,638 497,560 11% 143,097 50,072 186% Non-controlling Interest Net Income (1,966) (1,173) (68%) (275) 503 N/A CONTROLLING INTEREST NET INCOME 551,672 496,387 11% 142,822 50,575 182% Operating EBITDA 1,164,178 1,189,140 (2%) 297,217 302,966 (2%) Earnings per share 995.51 892.69 12% 257.34 91.00 183% As of As of December 31 December 31 BALANCE SHEET 2014 2013 Total Assets 8,352,754 7,391,922 Cash and Temporary Investments 123,862 147,771 Trade Accounts Receivables 291,887 316,376 Other Receivables 80,752 165,750 Inventories 245,996 199,780 Other Current Assets 43,893 37,047 Current Assets 786,391 866,724 Fixed Assets 2,667,404 2,322,936 Other Assets 4,898,960 4,202,262 Total Liabilities 5,001,074 4,775,325 Current Liabilities 973,524 1,236,780 Long-Term Liabilities 4,000,337 3,515,147 Other Liabilities 27,214 23,398 Consolidated Stockholders’ Equity 3,351,680 2,616,597 Non-controlling Interest 13,786 28,882 Stockholders’ Equity Attributable to Controlling Interest 3,337,893 2,587,715 Please refer to definition of terms and disclosure for presentation of financial information. 2014 Fourth 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 _ December Fourth Quarter 2014 2013 2014 2013 NET SALES % Var. % Var. Colombia 993,322 1,025,201 (3%) 224,693 290,532 (23%) Panama 315,244 310,116 2% 73,983 72,462 2% Costa Rica 152,503 154,819 (1%) 38,774 37,578 3% Rest of CLH 276,729 275,062 1% 66,573 64,474 3% Others and intercompany eliminations (13,088) (15,082) 13% (3,610) (2,695) (34%) TOTAL 1,724,711 1,750,116 (1%) 400,413 462,351 (13%) GROSS PROFIT Colombia 499,268 550,730 (9%) 113,277 151,365 (25%) Panama 153,431 154,911 (1%) 35,078 30,193 16% Costa Rica 83,587 84,335 (1%) 22,027 20,801 6% Rest of CLH 99,990 96,886 3% 24,220 23,087 5% Others and intercompany eliminations 19,047 11,093 72% 4,719 4,974 (5%) TOTAL 855,323 897,955 (5%) 199,321 230,420 (13%) OPERATING EARNINGS BEFORE OTHER EXPENSES, NET Colombia 327,049 385,983 (15%) 73,184 104,921 (30%) Panama 122,196 121,574 1% 26,725 20,925 28% Costa Rica 62,345 61,447 1% 16,488 15,230 8% Rest of CLH 73,354 71,989 2% 17,147 16,548 4% Others and intercompany eliminations (103,812) (105,697) 2% (24,332) (27,753) 12% TOTAL 481,132 535,296 (10%) 109,213 129,871 (16%) OPERATING EBITDA Colombia 362,922 423,525 (14%) 82,244 118,842 (31%) Panama 139,785 139,182 0% 31,442 25,252 25% Costa Rica 69,297 69,054 0% 18,176 17,155 6% Rest of CLH 78,328 76,903 2% 18,319 17,779 3% Others and intercompany eliminations (73,390) (75,983) 3% (16,081) (20,760) 23% TOTAL 576,942 632,681 (9%) 134,100 158,268 (15%) OPERATING EBITDA MARGIN Colombia 36.5% 41.3% 36.6% 40.9% Panama 44.3% 44.9% 42.5% 34.8% Costa Rica 45.4% 44.6% 46.9% 45.7% Rest of CLH 28.3% 28.0% 27.5% 27.6% TOTAL 33.5% 36.2% 33.5% 34.2% Please refer to definition of terms and disclosure for presentation of financial information. 2014 Fourth 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 _ December Fourth Quarter 2014 2013 % Var. 2014 2013 % Var. Total cement volume 1 7,910 7,357 8% 1,924 1,821 6% Total domestic gray cement volume 7,074 6,721 5% 1,747 1,727 1% Total ready-mix volume 3,497 3,237 8% 872 795 10% Total aggregates volume 8,671 7,376 18% 2,172 1,920 13% Per-country volume summary January—Fourth Quarter Fourth Quarter 2014 Vs. December DOMESTIC GRAY CEMENT VOLUME 2014 Vs. 2013 2014 Vs. 2013 Third Quarter 2014 Colombia 16% 10% (1%) Panama (15%) (16%) (22%) Costa Rica (2%) (12%) 1% Rest of CLH (1%) (3%) (1%) READY-MIX VOLUME Colombia 14% 12% (8%) Panama (1%) 6% (14%) Costa Rica (22%) (14%) (3%) Rest of CLH 2% 8% 3% AGGREGATES VOLUME Colombia 20% 9% (7%) Panama 4% 21% (3%) Costa Rica 5% 24% (6%) Rest of CLH 56% 50% (28%)

 
OPERATING RESULTS Price Summary Variation in U.S. Dollars January—December Fourth Quarter Fourth Quarter 2014 Vs. DOMESTIC GRAY CEMENT PRICE 2014 Vs. 2013 2014 Vs. 2013 Third Quarter 2014 Colombia (10%) (18%) (12%) Panama 12% 11% 1% Costa Rica (2%) 3% 2% Rest of CLH (*) (1%) 1% (2%) READY-MIX PRICE Colombia (5%) (13%) (12%) Panama 0% 1% (2%) Costa Rica (5%) (10%) (2%) Rest of CLH (*) 6% 8% (2%) AGGREGATES PRICE Colombia (5%) (7%) (12%) Panama (1%) 1% 4% Costa Rica (11%) (10%) (2%) Rest of CLH (*) (6%) 9% 10% Variation in Local Currency January—December Fourth Quarter Fourth Quarter 2014 Vs. DOMESTIC GRAY CEMENT PRICE 2014 Vs. 2013 2014 Vs. 2013 Third Quarter 2014 Colombia (4%) (6%) 0% Panama 12% 11% 1% Costa Rica 6% 11% 1% Rest of CLH (*) 2% 4% (0%) READY-MIX PRICE Colombia 1% 1% 0% Panama 0% 1% (2%) Costa Rica 3% (3%) (3%) Rest of CLH (*) 7% 8% (4%) AGGREGATES PRICE Colombia 1% 7% 1% Panama (1%) 1% 4% Costa Rica (4%) (4%) (2%) Rest of CLH (*) (1%) 14% 10% (*) Volume weighted-average price. Please refer to definition of terms and disclosure for presentation of operating results. 2014 Fourth Quarter Results Page 10

 
OTHER ACTIVITIES AND INFORMATION CLH to increase cement production capacity in Costa Rica CLH announced it is starting a project to increase cement production capacity in its plant located in Colorado, Costa Rica by approximately 25%, reaching an annual capacity of 1.1 million tons by 2017. The total investment is expected to be approximately US$35 million in a 3 year period and will include the construction of a new grinding mill, as well as several capacity enhancing projects in the clinker production line. _With this increased capacity we will strengthen our position in Costa Rica, reiterating our commitment to support the development of the country. We are confident that infrastructure projects will continue driving demand for building materials over the medium-term_, said Alejandro Ramirez, Director of CLH in Costa Rica. The Minister of Foreign Trade of Costa Rica, Alexander Mora, said that the CLH investment is a sign of the company_s commitment with the country and also an example of the good performance that foreign companies may experience in Costa Rica. The CLH investment project was presented by company representatives during a bilateral meeting with the President of the Republic of Costa Rica, Luis Guillermo Solís; the Minister of Foreign Trade of Costa Rica, Alexander Mora, and the General Director of CINDE, Jorge Sequeira; during a promotional visit to attract investment, made in Mexico City on December 10. Additionally, the expansion is expected to generate approximately 90 jobs during the construction phase and about 50 jobs once operations begin. Employee stock-ownership plan To better align our executives_ interests with those of our stockholders, on January 16, 2013, the CEMEX Latam Holdings_ Board of Directors, considering the positive report of the Board_s Nominating and Compensation Commission, approved, effective January 1, 2013, a long-term incentives plan to certain executives of CEMEX Latam Holdings, which consists of an annual compensation plan based on the CEMEX Latam Holdings_ shares. The underlying shares in this long-term incentives plan, which are held in the company_s treasury, are delivered fully vested under each annual program over a service period of four years. During 2014, the company delivered 79,316 shares to eligible executives under this long-term incentives plan. 2014 Fourth Quarter Results Page 11

 
DEFINITIONS OF TERMS AND DISCLOSURES Methodology for translation and presentation of results Under IFRS, CLH reports its consolidated results in its functional currency, which is the US Dollar, by translating the financial statements of foreign subsidiaries using the corresponding exchange rate at the reporting date for the balance sheet and the corresponding exchange rates at the end of each month for the income statement. For the reader_s convenience, Colombian peso amounts for the consolidated entity are calculated by converting the US dollar amounts using the closing COP/US$ exchange rate at the reporting date for balance sheet purposes, and the average COP/US$ exchange rate for the corresponding period for income statement purposes. The exchange rates used to convert: (i) the balance sheet as of December 31, 2014 and December 31, 2013 was $2,392.46 and $1,926.83 Colombian pesos per US dollar, respectively, and (ii) the consolidated results for the Fourth quarter of 2014 and for the Fourth quarter of 2013 were $2,216.39 and $1,914.26 Colombian pesos per US dollar, respectively. Per-country/region selected financial information of the income statement is presented before corporate charges and royalties which are included under _other and intercompany eliminations._ Consolidated financial information When reference is made to consolidated financial information means the financial information of CLH together with its consolidated subsidiaries. Presentation of financial and operating information Individual information is provided for Colombia, Panama and Costa Rica. Countries in Rest of CLH include Nicaragua, Guatemala, El Salvador and Brazil. Exchange rates January _ December January _ December Fourth quarter 2014 2013 2014 2013 2014 2013 Closing Closing Average Average Average Average Colombian peso 2,392.46 1,926.83 2,017.84 1,879.53 2,216.39 1,914.26 Panama balboa 1.00 1.00 1.00 1.00 1.00 1.00 Costa Rica colon 545.53 507.80 546.48 505.89 543.81 506.32 Euro 0.8263 0.7268 0.7583 0.7511 0.8071 0.7300 Amounts provided in units of local currency per US dollar. 2014 Fourth Quarter Results Page 12

 
DEFINITIONS OF TERMS AND DISCLOSURES Definition of terms Free cash flow equals operating EBITDA minus net interest expense, maintenance and strategic capital expenditures, change in working capital, taxes paid, and other cash items (net other expenses less proceeds from the disposal of obsolete and/or substantially depleted operating fixed assets that are no longer in operation). Maintenance capital expenditures investments incurred for the purpose of ensuring CLH_s operational continuity. These include capital expenditures on projects required to replace obsolete assets or maintain current operational levels, and mandatory capital expenditures, which are projects required to comply with governmental regulations or internal policies. Net debt equals total debt minus cash and cash equivalents. Operating EBITDA equals operating earnings before other expenses, net, plus depreciation and operating amortization. pp equals percentage points. Strategic capital expenditures investments incurred with the purpose of increasing CLH_s profitability. These include capital expenditures on projects designed to increase profitability by expanding capacity, and margin improvement capital expenditures, which are projects designed to increase profitability by reducing costs. Working capital equals operating accounts receivable (including other current assets received as payment in kind) plus historical inventories minus operating payables. 2014 Fourth Quarter Results Page 13

 	  	Exhibit 3	

 
RESULTS 4Q14F e b r u a r y 4 , 2 0 1 5

 	 	 	

||Forward looking informationThis 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´s ability to comply with the framework agreement signed with CEMEX, CEMEX_s ability to satisfy its obligations under its debt agreements as well as under the indentures that govern its high yield notes, 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 the context otherwise requires it, all references to prices in this document means our prices for our products.UNLESS OTHERWISE NOTED, ALL CONSOLIDATED FIGURES ARE PRESENTED IN DOLLARS AND ARE BASED ON THE FINANCIAL STATEMENTS OF EACH COUNTRY PREPARED UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS.Copyright CEMEX Latam Holdings, S.A. and its subsidiaries.2

 	 	 	

||Financial Results SummaryNet Sales Operating EBITDA (US$M) (US$M)Net sales in 2014 & 4Q14grew by 9% and 8%, respectively, on an adjusted basis1, compared to the same periods in 2013Positive dynamics in salesin 2014 and 4Q14, on an adjusted basis1, was driven by higher revenue in most of our marketsOperating EBITDAdeclined by 1% during 4Q14 and by 2% during 2014, compared to the same periods in 2013, also on an adjusted basis1(1) Adjusting for foreign-exchange fluctuations and the effect of our housing solutions projects in 3 Colombia -1% -13% -9% -15%1,750 1,725 462633 158 400 5771342013 2014 4Q13 4Q14 2013 2014 4Q13 4Q14

 	 	 	

||Financial Results SummaryOperating EBITDA Margin (%) -2.7pp -0.7pp36.2% 34.2% 33.5% 33.5%2013 2014 4Q13 4Q14EBITDA margin in 2014declined mainly as a result of higher scheduled maintenance worksEBITDA margin in 4Q14declined by 0.7pp vs. 4Q13, explained by lower margins in our operations in Colombia, offsetting higher margins in Panama and Costa Rica Maintenance worksin our kilns are carried out every 12 to 18 months; during 2014 we carried out scheduled maintenance works in most of our kilns 4

 	 	 	

||Consolidated Volumes and Prices2014 vs. 4Q14 vs. 4Q14 vs.2013 4Q13 3Q14Domestic Volume 5% 1% (4%)gray Price (USD) (4%) (9%) (7%)cementPrice (LtL1) 1% 0% 0%Volume 8% 10% (9%)Ready-mix concrete Price (USD) (4%) (9%) (9%)Price (LtL1) 1% 1% (1%)Volume 18% 13% (8%)Aggregates Price (USD) (5%) (6%) (8%)Price (LtL1) 0% 5% 2%Continued growth trendin consolidated volumes in all of our three products5th consecutive yearwith cement and ready-mix volume growth in our operations in ColombiaNew sales volume recordsin 2014 in our aggregates operations in Panama, in cement and aggregates in Nicaragua and in ready-mix in GuatemalaStable prices in 4Q14in our cement operations, in local currency terms compared to 3Q145

 	 	 	

REGIONAL HIGHLIGHTS4 Q 1 4 R e s u l t s

 	 	 	

Results Highlights Colombia

 	 	 	

||Colombia _Results Highlights2014 2013 % var 4Q14 4Q13 % varNet Sales 993 1,025 (3%) 225 291 (23%)Financial Summary Op. EBITDA 363 424 (14%) 82 119 (31%)US$ Million as % net sales 36.5% 41.3% (4.8pp) 36.6% 40.9% (4.3pp)2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14 Cement 16% 10% (1%) Volume Ready mix 14% 12% (8%) Aggregates 20% 9% (7%)2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14Cement (4%) (6%) 0%Price (Local Currency) Ready mix 1% 1% 0% Aggregates 1% 7% 1%Double-digit growthin volumes in our three core products in 2014 compared to 2013Prices in local currencyremained stable in our cement and ready-mix operations in 4Q14, compared to 3Q14Net sales in 2014 and 4Q14grew by 14% and 10%, respectively, year-over-year, on an adjusted basis1EBITDA in 2014 and 4Q14also on an adjusted basis1, declined by 6% and 12%, respectively, compared to the same periods in 2013(1) Adjusting for foreign-exchange fluctuations and the effect of our housing solutions projects in 8 Colombia

 	 	 	

||Colombia _Residential SectorPositive trend in residential sector in 2014 driven by government-sponsored initiatives and a favorable performance in self-constructionFormal housing to benefitfrom government-sponsored initiatives in 2015Projects in subsidy programexperienced delays in 2014, but most are expected to start construction works in 2015New free-home program including 100,000 low-income houses is currently in the planning phase and should start construction in the short termOur volumes in 2015to the residential sector are expected to grow at a mid-single digit rate 9

 	 	 	

||Colombia _Infrastructure SectorActivity in the infrastructure sector in 2014 was supported by ongoing highway projectsIn the January to September 2014 period, civil works GDP increased by 18% vs. 2013US$ 1.85 B allocatedfor infrastructure under the Royalty Fund10 highway projects of 4Ghave been awarded; government expects to start awarding projects under 2nd phase in May 2015Sector to continue benefiting in 2015 from ongoing highway projects like Ruta del Sol and Corredores de la ProsperidadOur volumes in 2015to infrastructure sector are expected to grow at a high single digit rate, compared to 2014 10

 	 	 	

||Colombia _Industrial and Commercial SectorBuilding permits in this sector have increased by about 13% in the January to November period, compared to 2013Strong performance in 2014with our volumes to the industrial and commercial sectors growing at a double-digit rate, compared to 2013High activity supportedby office and commercial buildingsOur volumes in 2015to this sector are expected to grow at a mid-single digit rate vs. 201411

 	 	 	

Results Highlights Panama

 	 	 	

||Panama _Results Highlights2014 2013 % var 4Q14 4Q13 % varNet Sales 315 310 2% 74 72 2%Financial Summary Op. EBITDA 140 139 0% 31 25 25%US$ Million as % net sales 44.3% 44.9% (0.6pp) 42.5% 34.8% 7.7pp2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14 Cement (15%) (16%) (22%) Volume Ready mix (1%) 6% (14%) Aggregates 4% 21% (3%)2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14Cement 12% 11% 1%Price (Local Currency) Ready mix 0% 1% (2%) Aggregates (1%) 1% 4%Positive volume dynamicsin our ready-mix and aggregates operations during 4Q14 vs. 4Q13 Lower cement volumes in 4Q14 vs. 4Q13, explained by lower consumption from the Canal expansion project and the conclusion of Cinta Costera 3, a project that in 4Q13 was still in execution New sales and EBITDA recordduring 2014EBITDA margin in 4Q14increased by 7.7pp driven by higher prices of our products and the effect of scheduled maintenance works in our 4Q13 margins 13

 	 	 	

||Panama _Sector HighlightsThe residential sector was the main driver for demand of our products during 2014Infrastructure in 2015to benefit from ongoing projects, like the wind farm in the central region, and new projects, like the second line of the subway which is expected to start in the short termIndustrial & commercialhad a positive volume performance during 4Q14 vs. 4Q13Our volumes in 2015to the residential and industrial and commercial sectors are expected to grow at a low to mid-single digit rate

 	 	 	

Results Highlights Costa Rica

 	 	 	

||Costa Rica _Results Highlights2014 2013 % var 4Q14 4Q13 % varNet Sales 153 155 (1%) 39 38 3%Financial Summary Op. EBITDA 69 69 0% 18 17 6%US$ Millionas % net sales 45.4% 44.6% 0.8pp 46.9% 45.7% 1.2pp2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14Cement (2%) (12%) 1%Volume Ready mix (22%) (14%) (3%)Aggregates 5% 24% (6%)2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14Cement 6% 11% 1%Price (Local Currency) Ready mix 3% (3%) (3%)Aggregates (4%) (4%) (2%)Cement and ready-mix vols.in 4Q14 continued to be affected by the slowdown in construction activity and delays in new projectsIncluding exported cementour total daily cement volumes in 4Q14 increased by 2% vs. 4Q13Higher sales and EBITDAin 4Q14 vs. 4Q13EBITDA margin expansionof 0.8pp in 2014 year-over-year16

 	 	 	

|| Costa Rica_ Sector HighlightsInfrastructure remained the main driver for cement demand in 2014Government is committedto continue supporting investment in infrastructureInfrastructure to benefitgoing forward from the start of new projects like the APM container port terminal, which has already been approved, and the Capulín damOther ongoing projectsinclude the Guacamaya overpass and the Circunvalación Norte in San JoséWe remain confident on medium-term outlook and are expanding our capacity by 25%; the project is expected to be completed in a 3-year period 17

 	 	 	

Results Highlights Rest of CLH

 	 	 	

||Rest of CLH _Results Highlights2014 2013 % var 4Q14 4Q13 % varNet Sales 277 275 1% 67 64 3%Financial Summary Op. EBITDA 78 77 2% 18 18 3%US$ Millionas % net sales 28.3% 28.0% 0.3pp 27.5% 27.6% (0.1pp)2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14Cement (1%) (3%) (1%)Volume Ready mix 2% 8% 3%Aggregates 56% 50% (28%)2014 vs. 2013 4Q14 vs. 4Q13 4Q14 vs. 3Q14Cement 2% 4% (0%)Price (Local Currency) Ready mix 7% 8% (4%)Aggregates (1%) 14% 10%Positive volume performancein all of our products in Nicaragua and Guatemala in 4Q14 vs. 4Q13Aggregates volumes in 2014 increased by 56%, driven by several highway projects in NicaraguaHigher prices in 4Q14in local currency terms in our three core products compared to 4Q1319

 	 	 	

|| Rest of CLH _Sector HighlightsInfrastructure was the main driver for cement demand in Nicaragua in 2014In Guatemala, during 4Q14 we participated in the construction of the first wind farm in the countryIn NicaraguaInfrastructure is expected to continue its positive trend with new projects like the Tumarín hydroelectric damWe also expect to continue with our participation in the housing projects for the population affected by the earthquake in April 2014In Guatemalawe expect the positive activity in the commercial sector to continue into 201520

 	 	 	

FREE CASH FLOW4 Q 1 4 R e s u l t s

 	 	 	

||Free Cash FlowUS$ Million 2014 2013 % var 4Q14 4Q13 % varOperating EBITDA . EBITD 577 633 (9%) 134 158 (15%)- Net Financial Expense 90 114 15 27—Maintenance Capex 63 51 25 29—Change in Working Cap 64 35 68 (8)- Taxes Paid 110 118 29 33—Other Cash Items (net) (2) 16 (2) 11 Free Cash FlowFree Cash Flow 252 299 (16%) (1) 66 n/a After Maintenance Capex- Strategic Capex 80 43 40 12 Free Free Cash Cash Flow Flow 172 256 (33%) (40) 54 n/a FCF generation in 2014reached US$172 million and was used to reduce debtInvestment in working capitalin 4Q14 increased due to the payment of fees and royalties to CEMEX, that had been previously accruedStrategic capexin 2014 reached US$80 million and is mainly related to our expansion project in Colombia, and our new grinding facility in NicaraguaNet debt was reduced byabout US$164 million during 2014 to US$1,140 million22

 	 	 	

APPENDIX4 Q 1 4 R e s u l t s

 	 	 	

||Consolidated debt maturity profile US$ Million652254142 1422015 2016 2017 2018US$1,191 millionTotal debt as of December 31, 2014

 	 	 	

||DefinitionsCement:OperatingEBITDA:Maintenancecapital expenditures:Strategiccapital expenditures:LC: pp: Like-to-like Percentage Variation (l-t-l%var): Rest of CLH:When providing cement volume variations, refers to our domestic gray cement operations.Operating earnings before other expenses, net plus depreciation and operating amortization.Investments incurred for the purpose of ensuring CLH_s operational continuity. These include capital expenditures on projects required to replace obsolete assets or maintain current operational levels, and mandatory capital expenditures, which are projects required to comply with governmental regulations or internal policies.Investments incurred with the purpose of increasing CLH_s profitability. These include capital expenditures on projects designed to increase profitability by expanding capacity, and margin improvement capital expenditures, which are projects designed to increase profitability by reducing costs. Local currency.Percentage points.Percentage variations adjusted for investments/divestments and currency fluctuations.Includes Brazil, Guatemala, El Salvador and Nicaragua.27

 	 	 	

||Contact informationInvestor RelationsPatricio Treviño Garza Phone: +57(1) 603-9823E-mail: patricio.trevinog@cemex.comStock InformationColombian Stock Exchange CLHCalendar of Events22 _ Apr _ 20151Q15 Earnings Report and Conference Call16 _ Jul _ 20152Q15 Earnings Report and Conference Call21 _ Oct _ 20153Q15 Earnings Report and Conference Call

 	 	 	

RESULTS 4Q14F e b r u a r y 4 , 2 0 1 5