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

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2014
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 April 29, 2014, announcing first quarter 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
2.	First quarter 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 
3.	Presentation regarding first quarter 2014 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: April 29, 2014	 	 	 	By:	 	/s/ Rafael Garza	
 	 	 	 	Name:	 	Rafael Garza	
 	 	 	 	Title:	 	Chief Comptroller	

EXHIBIT INDEX

EXHIBIT
NO.	  	DESCRIPTION	
 	 	
1.	  	Press release, dated April 29, 2014, announcing first quarter 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 	 	
2.	  	First quarter 2014 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).	
 	 	
3.	  	Presentation regarding first quarter 2014 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
FIRST QUARTER 2014 RESULTS
 
 	•	 	CLH reports net sales increasing by 15% with operating EBITDA growing by 5% in 1Q14 vs. 1Q13, adjusting for foreign exchange fluctuations and additional working days this quarter	
 
 	•	 	Double-digit growth rate in consolidated cement, ready-mix and aggregates volumes in 1Q14 on a year-over-year basis	
BOGOTÁ, COLOMBIA, APRIL 29, 2014 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that consolidated net sales reached US$423 million during the first quarter of 2014, an increase of 10% versus the first quarter of 2013. Operating EBITDA remained flat during the quarter reaching US$141 million compared to the same quarter in 2013. Adjusting for foreign exchange fluctuations and the additional working days in the first quarter of 2014, consolidated net sales and operating EBITDA increased by 15% and 5%, respectively.
Carlos Jacks, CEO of CLH, said, “We are encouraged by the high levels of construction activity in several of our markets. This is reflected in the double-digit growth rates in our cement, ready-mix and aggregates consolidated volumes during the first quarter of 2014 versus the same period a year ago.”
CLH’s Financial and Operational Highlights
 
 	•	 	The increase in consolidated net sales during the first quarter resulted mainly from higher volumes in several markets, particularly in Colombia.	
 
 	•	 	Operating EBITDA margin in the first quarter of 2014 reached 33.4%, a 3.3 percentage point decline compared to the same period a year ago. This decline was driven mainly by higher maintenance costs in our main markets.	
 
 	•	 	On a consolidated basis, as of March 31, 2014, there were approximately 320 distributors in the Construrama network. We plan to continue expanding this program going forward and expect more than 500 Construramas in the region during 2015.	
 
 	•	 	Free cash flow reached US$75 million during the first quarter of 2014, an increase of 86% compared to the first quarter of 2013.	
Carlos Jacks, added, “As a supplier of comprehensive building solutions, we are increasing demand for our products as well as capturing additional EBITDA. In 2014, under our housing solutions initiatives we intend to participate in the construction of approximately 12,000 houses, mainly in Colombia. Our unique commercial offering together with a strong free-cash flow generation will continue supporting our business strategy allowing us to deliver incremental value to our stakeholders.”
Consolidated Corporate Results
During 1Q14, controlling interest net income was a gain of US$55 million.

Net debt decreased to US$1,234 million as of the end of the first quarter 2014.
Geographical Markets First Quarter 2014 Highlights
Operating EBITDA in Colombia increased by 6% to US$93 million versus US$87 million in the first quarter of 2013, with an increase of 16% in net sales reaching US$242 million.
In Panama, operating EBITDA decreased by 5% to US$32 million during the quarter. Net sales reached US$76 million in the first quarter of 2014, an increase of 5% compared to the same period in 2013.
In Costa Rica, operating EBITDA reached US$15 million during the quarter, declining by 3% compared to the same period a year ago. Net sales increased by 2% to US$35 million, compared to the first quarter of 2013.
In the Rest of CLH net sales in the quarter reached US$70 million. Operating EBITDA in the quarter decreased by 3%, versus the comparable period in 2013, reaching US$19 million.
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.
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
FIRST QUARTER RESULTS
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
CEMEX LATAM HOLDINGS

 
CEMEX LATAM HOLDINGS
OPERATING AND FINANCIAL HIGHLIGHTS
January – March First Quarter
2014 2013 % Var. 2014 2013 % Var.
Consolidated cement volume
(thousand of metric tons) 1,967 1,691 16% 1,967 1,691 16% Consolidated domestic gray cement volume (thousand of metric tons) 1,734 1,505 15% 1,734 1,505 15% Consolidated ready-mix volume (thousand of cubic meters) 819 708 16% 819 708 16% Consolidated aggregates volume (thousand of metric tons) 1,947 1,547 26% 1,947 1,547 26% Net sales 423 383 10% 423 383 10% Gross profit 208 213 (2%) 208 213 (2%) Gross profit margin 49.2% 55.6% (6.4pp) 49.2% 55.6% (6.4pp) Operating earnings before other expenses, net 118 118 0% 118 118 0% Operating earnings before other expenses, net, margin 27.9% 30.7% (2.8pp) 27.9% 30.7% (2.8pp) Controlling interest net income 55 26 108% 55 26 108% Operating EBITDA 141 141 0% 141 141 0% Operating EBITDA margin 33.4% 36.7% (3.3pp) 33.4% 36.7% (3.3pp) Free cash flow after maintenance capital expenditures 80 51 57% 80 51 57% Free cash flow 75 40 86% 75 40 86% Net debt 1,234 1,514 (18%) 1,234 1,514 (18%) Total debt 1,292 1,582 (18%) 1,292 1,582 (18%) Earnings per share 0.10 0.05 107% 0.10 0.05 107% Shares outstanding at end of period 556 556 0% 556 556 0% Employees 4,382 3,561 23% 4,382 3,561 23% 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 first quarter of 2014 increased to US$423 distribution expenses as well as by the effect of the reclassification of million, representing a 10% growth when compared to the first quarter distribution expenses related to cement and aggregates sales to our of 2013. The increase in net sales is mainly explained by higher ready-mix concrete unit, from operating expenses to cost of sales. construction activity driving volume growth in several of our markets.
Operating EBITDA during the first quarter reached US$141 million, Adjusting for additional working days and foreign exchange remaining flat compared to the first quarter of 2013. Adjusting for fluctuations in 1Q14, net sales increased by 15% compared to 1Q13. additional working days and foreign exchange fluctuations in 1Q14, Cost of sales as a percentage of net sales increased by 6.4pp during the operating EBITDA increased by 5%. first quarter of 2014 compared to the same period last year, from Operating EBITDA margin during the first quarter of 2014 declined by 44.4% to 50.8%. This increase is explained by higher maintenance costs 3.3pp, compared to the first quarter of 2013. This decline is explained in Colombia, Panama and Costa Rica. In addition, operating expenses in mainly by higher maintenance costs in Colombia, Panama and Costa 1Q13 included distribution expenses related to cement and aggregates Rica. sales to our ready-mix business, which in 1Q14 are presented as cost of sales. Controlling interest net income during the first quarter of 2014 reached US$54.6 million, increasing by 108% compared to the first Operating expenses as a percentage of net sales during the first quarter of 2013. quarter of 2014 declined by 3.6pp from 24.9% to 21.3% compared to the same period a year ago. This decline is explained by lower Total debt at the end of the first quarter of 2014 was US$1,292 million. Please refer to definition of terms and disclosure for presentation of financial and operating information.
2014 First Quarter Results Page 2

 
CEMEX LATAM HOLDINGS
OPERATING RESULTS
Colombia January – March First Quarter 2014 2013 % Var. 2014 2013 % Var.
Net sales 242 209 16% 242 209 16% Operating EBITDA 93 87 6% 93 87 6% Operating EBITDA margin 38.2% 41.7% (3.5pp) 38.2% 41.7% (3.5pp)
In millions of US dollars, except percentages.
Domestic gray cement Ready-mix Aggregates Year-over-year percentage January – March First Quarter January – March First Quarter January – March First Quarter variation 2014 2014 2014 2014 2014 2014
Volume 34% 34% 23% 23% 38% 38% Price (USD) (12%) (12%) (9%) (9%) (11%) (11%) Price (local currency) (2%) (2%) 2% 2% (1%) (1%)
In Colombia, during the first quarter our domestic gray cement, ready-mix and aggregates volumes increased by 34%, 23% and 38%, respectively, compared to the first quarter of 2013.
Construction activity in the first quarter was driven by formal housing, benefiting from the government-sponsored subsidy program for middle-income housing and the 100-thousand free-home program. Infrastructure was also an important driver for demand of our products with several ongoing projects that were awarded in past years.
Panama January – March First Quarter 2014 2013 % Var. 2014 2013 % Var.
Net sales 76 72 5% 76 72 5% Operating EBITDA 32 34 (5%) 32 34 (5%) Operating EBITDA margin 42.5% 46.8% (4.3pp) 42.5% 46.8% (4.3pp) In millions of US dollars, except percentages.
Domestic gray cement Ready-mix Aggregates Year-over-year percentage January – March First Quarter January – March First Quarter January – March First Quarter variation 2014 2014 2014 2014 2014 2014
Volume (17%) (17%) 7% 7% 6% 6% Price (USD) 16% 16% 2% 2% 0% 0% Price (local currency) 16% 16% 2% 2% 0% 0% In Panama during the first quarter our ready-mix and aggregates volumes increased by 7% and 6%, respectively, while our cement volumes declined by 17%, on a year-over-year basis.
The residential sector, along with several commercial and ongoing infrastructure projects like Corredor Norte, supported demand of our products during the quarter. Our cement volume decline was attributed to lower consumption from the Panama Canal expansion project.
Please refer to definition of terms and disclosure for presentation of financial and operating information.
2014 First Quarter Results Page 3

 
CEMEX LATAM HOLDINGS
OPERATING RESULTS
Costa Rica
January – March First Quarter 2014 2013 % Var. 2014 2013 % Var.
Net sales 35 35 2% 35 35 2% Operating EBITDA 15 15 (3%) 15 15 (3%) Operating EBITDA margin 41.6% 43.7% (2.1pp) 41.6% 43.7% (2.1pp)
In millions of US dollars, except percentages.
Domestic gray cement Ready-mix Aggregates Year-over-year percentage January –March First Quarter January – March First Quarter January – March First Quarter variation 2014 2014 2014 2014 2014 2014
Volume 14% 14% (17%) (17%) (11%) (11%) Price (USD) (2%) (2%) 2% 2% (2%) (2%) Price (local currency) 5% 5% 9% 9% 5% 5%
In Costa Rica, our cement volumes in the quarter increased by 14%, while our ready-mix and aggregates volumes decreased by 17% and 11%, respectively, on a year-over-year basis.
During the first quarter our cement volumes continued with a solid performance driven by highway infrastructure projects. Our ready-mix and aggregates volumes in the quarter were affected by the conclusion of several projects.
Rest of CLH
January – March First Quarter 2014 2013 % Var. 2014 2013 % Var.
Net sales 70 71 (2%) 70 71 (2%) Operating EBITDA 19 19 (3%) 19 19 (3%) Operating EBITDA margin 27.1% 27.3% (0.2pp) 27.1% 27.3% (0.2pp) In millions of US dollars, except percentages.
Domestic gray cement Ready-mix Aggregates Year-over-year percentage January – March First Quarter January – March First Quarter January – March First Quarter variation 2014 2014 2014 2014 2014 2014
Volume 3% 3% (2%) (2%) (2%) (2%) Price (USD) (6%) (6%) 2% 2% (1%) (1%) Price (local currency) (1%) (1%) 3% 3% 4% 4%
In the Rest of CLH region, which includes our operations in Nicaragua, Guatemala, El Salvador and Brazil, during the first quarter of 2014 our domestic gray cement volumes increased by 3%, while both our ready-mix and aggregates volumes declined by 2%, compared to the first quarter of 2013.
The positive performance in our cement volumes in Nicaragua, Guatemala and El Salvador compensated weak demand conditions in Brazil. The infrastructure and the industrial-and-commercial sectors 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 First Quarter Results Page 4

 
CEMEX LATAM HOLDINGS
.
OPERATING EBITDA, FREE CASH FLOW AND DEBT RELATED INFORMATION
Operating EBITDA and free cash flow
January – March First Quarter 2014 2013 % Var 2014 2013 % Var
Operating earnings before other expenses, net 118 118 0% 118 118 0% + Depreciation and operating amortization 23 23 23 23 Operating EBITDA 141 141 0% 141 141 0% —Net financial expense 24 29 24 29 —Capital expenditures for maintenance 9 3 9 3 —Change in working capital 7 40 7 40 —Taxes paid 21 18 21 18 —Other cash items (net) 0 (0) 0 (0) Free cash flow after maintenance capital expenditures 80 51 57% 80 51 57% —Strategic capital expenditures 5 11 5 11 Free cash flow 75 40 86% 75 40 86%
In millions of US dollars.
The free cash flow generated during the quarter was used to reduce debt.
Information on Debt
Fourth First Quarter First Quarter Quarter % 2013 2014 2013 2014 2013 Var
Total debt (1)(2) 1,292 1,582 (18%) 1,381 Currency denomination Short- term 27% 13% 19% US dollar 98% 95% Long -term 73% 87% 81% Colombian peso 2% 5%
Cash and cash equivalents 58 68 (15%) 77 Interest rate Net debt 1,234 1,514 (18%) 1,304 Fixed 80% 80% Variable 20% 20%
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 First Quarter Results Page 5

 
CEMEX LATAM HOLDINGS
OPERATING RESULTS
Income statement & balance sheet
CEMEX Latam Holdings, S.A. and Subsidiaries
(Thousands of U.S. Dollars, except per share amounts)
January – March First Quarter 2014 2013 % Var. 2014 2013 % Var.
INCOME STATEMENT Net Sales 422,753 383,342 10% 422,753 383,342 10% Cost of Sales (214,748) (170,330) (26%) (214,748) (170,330) (26%) Gross Profit 208,006 213,012 (2%) 208,006 213,012 (2%) Operating Expenses (89,939) (95,504) 6% (89,939) (95,504) 6% Operating Earnings Before Other Expenses, Net 118,067 117,508 0% 118,067 117,508 0% Other expenses, Net (224) (2,432) 91% (224) (2,432) 91%
Operating Earnings 117,843 115,076 2% 117,843 115,076 2% Financial Expenses (24,403) (29,400) 17% (24,403) (29,400) 17% Other Income (Expenses), Net 854 (2,437) NA 854 (2,437) NA
Net Income Before Income Taxes 94,294 83,239 13% 94,294 83,239 13% Income Tax (39,474) (56,724) 30% (39,474) (56,724) 30% Consolidated Net Income 54,820 26,515 107% 54,820 26,515 107%
Non-controlling Interest Net Income 200 233 (14%) 200 233 (14%) CONTROLLING INTEREST NET INCOME 54,620 26,282 108% 54,620 26,282 108% Operating EBITDA 140,999 140,736 0% 140,999 140,736 0%
Earnings per share 0.10 0.05 107% 0.10 0.05 107% As of March 31 As of March 31 BALANCE SHEET 2014 2013
Total Assets 3,812,871 3,935,352 Cash and Temporary Investments 57,906 67,880 Trade Accounts Receivables 172,965 107,883 Other Receivables 92,248 79,000 Inventories 113,215 93,398 Other Current Assets 29,553 32,001
Current Assets 465,887 380,162 Fixed Assets 1,182,463 1,209,858 Other Assets 2,164,521 2,345,332
Total Liabilities 2,454,102 2,666,545 Current Liabilities 686,128 522,469 Long-Term Liabilities 1,755,529 2,125,096 Other Liabilities 12,446 18,980 Consolidated Stockholders’ Equity 1,358,769 1,268,807 Non-controlling Interest 5,660 5,702 Stockholders’ Equity Attributable to Controlling Interest 1,353,109 1,263,105 Please refer to definition of terms and disclosure for presentation of financial information. 2014 First Quarter Results Page 6

 
CEMEX LATAM HOLDINGS
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 – March First Quarter
2014 2013 2014 2013 INCOME STATEMENT % Var. % Var. Net Sales 849,516 692,809 23% 849,516 692,809 23% Cost of Sales (431,532) (307,835) (40%) (431,532) (307,835) (40%) Gross Profit 417,984 384,974 9% 417,984 384,974 9% Operating Expenses, net (180,731) (172,603) (5%) (180,731) (172,603) (5%) Operating Earnings Before Other Expenses, Net 237,253 212,371 12% 237,253 212,371 12%
Other Expenses, Net (449) (4,395) 90% (449) (4,395) 90% Operating Earnings 236,804 207,975 14% 236,804 207,975 14% Financial Expenses (49,038) (53,134) 8% (49,038) (53,134) 8% Other Income (Expenses) Financial, net 1,716 (4,405) NA 1,716 (4,405) NA Net Income Before Income Taxes 189,482 150,437 26% 189,482 150,437 26%
Income Tax (79,322) (102,517) 23% (79,322) (102,517) 23% Consolidated Net Income 110,161 47,920 130% 110,161 47,920 130% Non-controlling Interest Net Income 402 421 (4%) 402 421 (4%) CONTROLLING INTEREST NET INCOME 109,759 47,499 131% 109,759 47,499 131% Operating EBITDA 283,335 254,350 11% 283,335 254,350 11%
Earnings per share 198.11 86.18 130% 198.11 86.18 130% As of March 31 As of March 31 BALANCE SHEET 2014 2013 Total Assets 7,493,512 7,210,352 Cash and Temporary Investments 113,805 124,369 Trade Accounts Receivables 339,931 197,664 Other Receivables 181,298 144,744 Inventories 222,503 171,124 Other Current Assets 58,081 58,631
Current Assets 915,617 696,532 Fixed Assets 2,323,918 2,216,703 Other Assets 4,253,977 4,297,117 Total Liabilities 4,823,096 4,885,643 Current Liabilities 1,348,461 957,267 Long-Term Liabilities 3,450,176 3,893,601 Other Liabilities 24,459 34,775 Consolidated Stockholders’ Equity 2,670,416 2,324,709 Non-controlling Interest 11,125 10,447 Stockholders’ Equity Attributable to Controlling Interest 2,659,292 2,314,262 Please refer to definition of terms and disclosure for presentation of financial information. 2014 First Quarter Results Page 7

 
CEMEX LATAM HOLDINGS
OPERATING RESULTS
Operating Summary per Country
In thousands of U.S. dollars. EBITDA margin as a percentage of net sales.
January – March First Quarter
2014 2013 2014 2013
NET SALES % Var. % Var.
Colombia 242,394 208,897 16% 242,394 208,897 16%
Panama 76,115 72,453 5% 76,115 72,453 5% Costa Rica 35,467 34,890 2% 35,467 34,890 2% Rest of CLH 69,830 71,129 (2%) 69,830 71,129 (2%) Others and intercompany eliminations (1,051) (4,026) (74%) (1,051) (4,026) (74%)
TOTAL 422,754 383,343 10% 422,754 383,343 10%
GROSS PROFIT
Colombia 127,598 130,897 (3%) 127,598 130,897 (3%)
Panama 35,269 37,070 (5%) 35,269 37,070 (5%) Costa Rica 18,124 18,798 (4%) 18,124 18,798 (4%) Rest of CLH 23,972 24,040 (0%) 23,972 24,040 (0%) Others and intercompany eliminations 3,043 2,207 38% 3,043 2,207 38%
TOTAL 208,006 213,012 (2%) 208,006 213,012 (2%)
OPERATING EARNINGS BEFORE OTHER EXPENSES, NET
Colombia 84,550 79,426 6% 84,550 79,426 6% Panama 28,142 29,450 (4%) 28,142 29,450 (4%) Costa Rica 13,006 13,395 (3%) 13,006 13,395 (3%) Rest of CLH 17,814 18,167 (2%) 17,814 18,167 (2%)
Others and intercompany eliminations (25,446) (22,930) (11%) (25,446) (22,930) (11%)
TOTAL 118,066 117,508 0% 118,066 117,508 0%
OPERATING EBITDA
Colombia 92,617 87,202 6% 92,617 87,202 6% Panama 32,344 33,912 (5%) 32,344 33,912 (5%) Costa Rica 14,748 15,263 (3%) 14,748 15,263 (3%) Rest of CLH 18,890 19,402 (3%) 18,890 19,402 (3%)
Others and intercompany eliminations (17,600) (15,043) (17%) (17,600) (15,043) (17%)
TOTAL 140,999 140,736 0% 140,999 140,736 0%
OPERATING EBITDA MARGIN
Colombia 38.2% 41.7% 38.2% 41.7% Panama 42.5% 46.8% 42.5% 46.8% Costa Rica 41.6% 43.7% 41.6% 43.7% Rest of CLH 27.1% 27.3% 27.1% 27.3%
TOTAL 33.4% 36.7% 33.4% 36.7%
Please refer to definition of terms and disclosure for presentation of financial information.
2014 First Quarter Results Page 8

 
CEMEX LATAM HOLDINGS
OPERATING RESULTS
Volume Summary
CLH volume summary
Cement and aggregates: Thousands of metric tons. Ready-mix: Thousands of cubic meters.
January – March First Quarter
2014 2013 % Var. 2014 2013 % Var.
1 1,967 1,691 16% 1,967 1,691 16% Total cement volume Total domestic gray cement volume 1,734 1,505 15% 1,734 1,505 15% Total ready-mix volume 819 708 16% 819 708 16% Total aggregates volume 1,947 1,547 26% 1,947 1,547 26%
Per-country volume summary
January - March First Quarter First Quarter 2014 Vs. DOMESTIC GRAY CEMENT VOLUME 2014 Vs. 2013 2014 Vs. 2013 Fourth Quarter 2013
Colombia 34% 34% 4% Panama (17%) (17%) (16%) Costa Rica 14% 14% (4%) Rest of CLH 3% 3% 7%
READY-MIX VOLUME
Colombia 23% 23% 3% Panama 7% 7% 8% Costa Rica (17%) (17%) (10%) Rest of CLH (2%) (2%) (3%)
AGGREGATES VOLUME
Colombia 38% 38% (0%) Panama 6% 6% 9% Costa Rica (11%) (11%) (3%) Rest of CLH (2%) (2%) 11%
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.
2014 First Quarter Results Page 9

 
CEMEX LATAM HOLDINGS
OPERATING RESULTS
Price Summary
Variation in U.S. Dollars
January - March First Quarter First Quarter 2014 Vs. DOMESTIC GRAY CEMENT PRICE 2014 Vs. 2013 2014 Vs. 2013 Fourth Quarter 2013
Colombia (12%) (12%) (6%) Panama 16% 16% 15% Costa Rica (2%) (2%) (0%) Rest of CLH (*) (6%) (6%) 0%
READY-MIX PRICE
Colombia (9%) (9%) (4%) Panama 2% 2% 2% Costa Rica 2% 2% (6%) Rest of CLH (*) 2% 2% 6%
AGGREGATES PRICE
Colombia (11%) (11%) 2% Panama 0% 0% 1% Costa Rica (2%) (2%) (5%) Rest of CLH (*) (1%) (1%) 14%
Variation in Local Currency
January - March First Quarter First Quarter 2014 Vs. DOMESTIC GRAY CEMENT PRICE 2014 Vs. 2013 2014 Vs. 2013 Fourth Quarter 2013
Colombia (2%) (2%) (1%) Panama 16% 16% 15% Costa Rica 5% 5% 7% Rest of CLH (*) (1%) (1%) 1%
READY-MIX PRICE
Colombia 2% 2% 1% Panama 2% 2% 2% Costa Rica 9% 9% 1% Rest of CLH (*) 3% 3% 5%
AGGREGATES PRICE
Colombia (1%) (1%) 7% Panama 0% 0% 1% Costa Rica 5% 5% 2% Rest of CLH (*) 4% 4% 16%
(*) Volume weighted-average price.
Please refer to definition of terms and disclosure for presentation of operating results.
2014 First Quarter Results Page 10

 
CEMEX LATAM HOLDINGS
OTHER ACTIVITIES AND INFORMATION
Tax Regime
In accordance with article 118 of the Royal Legislative Decree 4/2004 of March 5, which approves the consolidated text of the Corporate Income Tax Law, CEMEX Latam Holdings, S.A. (“CLH” or the “Company”) notifies its shareholders that as of March 31, 2014, the Company maintains its status as an Entity Holding Foreign Securities
(Entidad de Tenencia de Valores Extranjeros), therefore being subject to the special tax regime regulated in Chapter XIV of said Law which was adopted by the Company on November 28, 2012.
Additionally and in accordance with the provisions of paragraph 3 of the abovementioned article, if requested, the Company will provide its shareholders with any information that is necessary for them to comply with the tax obligations set out in said article.
CLH to participate in the construction of 12,000 houses
On April 7, 2014, CLH announced it expects to participate in the construction of approximately 12,000 sustainable housing units in Latin America during 2014, as part of its continuous effort to strengthen its solutions-based commercial offer.
CLH will use innovative construction systems and specialty concrete products that contribute to increase energy efficiency translating into reduced energy costs for the families living in these houses. Additionally, these specialty concrete products help to optimize the use of natural resources by reducing water consumption in the construction process. The company will also continue working on its social programs focused on sustainable self-construction like Patrimonio Hoy and Bloqueras Solidarias.
Carlos Jacks, CEO of CLH, said: “We are committed with the development of our region and are convinced that by promoting the construction of sustainable housing we are fostering well-being and creating value for all of our stakeholders”.
CLH offers sustainable building solutions with a strategy focused on addressing the demands from society. With a solid commercial offer that combines innovative construction systems with specialty concrete products and an extensive experience in the industry, CLH has participated in important infrastructure and housing projects in the region, promoting the well-being of communities.
2014 First Quarter Results Page 11

 
CEMEX LATAM HOLDINGS
DEFINITIONS OF TERMS AND DISCLOSURES
Methodology for translation and presentation of results Consolidated financial information
Under IFRS, CLH reports its consolidated results in its functional When reference is made to consolidated financial information means currency, which is the US Dollar, by translating the financial statements the financial information of CLH together with its consolidated of foreign subsidiaries using the corresponding exchange rate at the subsidiaries. reporting date for the balance sheet and the corresponding exchange rates at the end of each month for the income statement. Presentation of financial and operating information Individual information is provided for Colombia, Panama and Costa For the reader’s convenience, Colombian peso amounts for the Rica. consolidated entity are calculated by converting the US dollar amounts Countries in Rest of CLH include Nicaragua, Guatemala, El Salvador and using the closing COP/US$ exchange rate at the reporting date for Brazil. 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 March 31, 2014 and March 31, 2013 was $1,965.32 and $1,832.20 Colombian pesos per US dollar, respectively, and (ii) the consolidated results for the first quarter of 2014 and for the first quarter of 2013 were $2,009.48 and $1,807.29 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.” Exchange rates January – March January – March First quarter 2014 2013 2014 2013 2014 2013 Closing Closing Average Average Average Average Colombian peso 1,965.32 1,832.20 2,009.48 1,807.29 2,009.48 1,807.29
Panama balboa 1 1 1 1 1 1 Costa Rica colon 553.63 504.65 542.27 506.16 542.27 506.16 Euro 0.7259 0.7795 0.7310 0.7589 0.7310 0.7589 Amounts provided in units of local currency per US dollar. 2014 First Quarter Results Page 12

 
CEMEX LATAM HOLDINGS
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 First Quarter Results Page 13

Exhibit 3

1Q14 RESULTS
A p r i l 2 9 , 2 0 1 4

 	

|| 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´s 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 FIGURES ARE PRESENTED IN DOLLARS AND ARE BASED ON THE FINANCIAL STATEMENTS OF EACH COUNTRY PREPARED UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS.
Copyright CEMEX Latam Holdings, S.A. and its subsidiaries.
2

 	

|| Financial Results Summary
Net Sales Operating EBITDA Margin EBITDA
(US$M)(US$M)(%)
+10% 0% -3.3pp
423
141 141
383 7%
36.7% 33.4%
1Q13 1Q14 1Q13 1Q14 1Q13 1Q14
Double-digit growth
in net sales during 1Q14 on a year-over-year basis
Net sales and EBITDA
increased by 15% and 5% respectively, adjusting for foreign exchange fluctuations and additional working days in 1Q14 vs. 1Q13
EBITDA margin
declined by 3.3pp in 1Q14 mainly due to higher maintenance costs in Colombia, Panama and Costa Rica
3

 	

|| Consolidated Volumes and Prices
1Q14 vs. 1Q14 vs.
1Q13 4Q13
Domestic gray cement
Volume 15% 0%
Price (USD) (5%) (1%) Price (LtL1) 3% 2%
Volume 16% 3%
Ready-mix concrete Price (USD) (5%) (2%) Price (LtL1) 2% 1%
Volume 26% 1%
Aggregates Price (USD) (8%) 1%
Price (LtL1) 1% 6%
(1) Like-to-like prices adjusted for foreign-exchange fluctuations
Double-digit growth
in consolidated volumes in all 3 products in 1Q14
Record sales volumes
in cement in Colombia and Costa Rica, and ready-mix in Guatemala in 1Q14
4th consecutive quarter
with new record cement sales in Colombia
Higher prices in 1Q14
in all our 3 products in local currency terms both compared to 1Q13 and 4Q13
4

 	

|| Operating Efficiency: Comprehensive Energy Strategy
Alternative fuels substitution
24% rate during 1Q14 in CLH
Expect to reach an
alternative fuel substitution
rate of 40% by 2015
Energy program to
strengthen and increase
NEW our electricity generation
capacity in Colombia
In Colombia we are currently generating about 62% of our electricity needs; we intend to expand our self-generation capacity to 80% by 2017
5

 	

BUILDING
SOLUTIONS
1 Q 1 4 R e s u l t s

 	

|| Building Solutions— CONSTRURAMA
32 NEW
Construramas
j o i n e d i n 1 Q 1 4
320 Construramas
as of March 2014 in CLH, including more than 250 stores in the network in Colombia
Largest building materials chain
in Colombia, as measured by number of stores
6 out of every 10 cement bags
that we sell in Colombia are being sold through Construrama distributors
500 Construramas
expected in CLH during 2015, including current network in Nicaragua and Costa Rica
7

 	

More than 9,000 clients
of Construrama have joined the loyalty program with important benefits for them and the network
US$3.5 million
in micro loans granted to Construrama customers by financial institutions
New Construrama brand
was recently launched with 8 lines of building tools
More than 5,000 products
are offered through Construrama, including building materials and other items like soft drinks and snacks
8

 	

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

 	

Results Highlights Colombia

 	

|| Colombia – Results Highlights
1Q14 1Q13 % var
Net Sales 242 209 16%
Financial
Summary Op. EBITDA 93 87 6%
US$ Million as % net sales 38.2% 41.7% (3.5pp)
1Q14 vs. 1Q13 1Q14 vs. 4Q13
Cement 34% 4%
Volume Ready mix 23% 3%
Aggregates 38% 0%
1Q14 vs. 1Q13 1Q14 vs. 4Q13
Cement (2%) (1%)
Price
(Local Currency) Ready mix 2% 1%
Aggregates (1%) 7%
Strong volumes
in all 3 products in 1Q14 vs. 1Q13 driven by housing and infrastructure
Higher prices in 1Q14
in local currency terms, vs. 4Q13, in our ready-mix and aggregates
Double-digit growth
in net sales and EBITDA of 25% and 15%, respectively, in 1Q14 vs. 1Q13, adjusting for foreign exchange fluctuations and additional working days
EBITDA margin
declined by 3.5pp on a year-over-year basis, due mainly to higher maintenance costs and the effect of our new grinding facility 11

 	

|| Colombia – Residential Sector
Residential sector during 1Q14 benefited mainly from the government-sponsored subsidy program for middle-income housing as well as from the 100,000 free-home program
2014
Subsidies programs
for social and middle-income housing to continue supporting construction activity
CLH to build 12,000 houses
as part of our housing solutions initiative, mainly in Colombia under the government subsidy program
Our volumes
to formal residential sector expected to grow by a mid-single digit rate en 2014
12

 	

|| Colombia – Infrastructure Sector
Activity in the infrastructure sector is being supported by ongoing projects awarded in past years like Ruta del Sol and
Corredores de la Prosperidad
2014
New infrastructure law
is expected to continue improving execution of projects
US$ 1.2 B
has been allocated for infrastructure under the Fondo de Regalías (Fee System) over the past 14 months
Our volumes
to infrastructure sector are expected to grow by about 10% in 2014
13

 	

|| Colombia – Industrial and Commercial Sector
The industrial and commercial sector continued its positive performance during 1Q14
2014
High activity levels
in industrial buildings, and commercial space construction expected to continue
Our volumes
to this sector are expected to increase by a low-to-mid-single digit rate in 2014
14

 	

Results Highlights Panama

 	

|| Panama – Results Highlights
1Q14 1Q13 % var
Net Sales 76 72 5%
Financial
Summary Op. EBITDA 32 34 (5%)
US$ Million as % net sales 42.5% 46.8% (4.3pp)
1Q14 vs. 1Q13 1Q14 vs. 4Q13 Cement (17%) (16%) Volume Ready mix 7% 8% Aggregates 6% 9%
1Q14 vs. 1Q13 1Q14 vs. 4Q13
Cement 16% 15%
Price
(Local Currency) Ready mix 2% 2%
Aggregates 0% 1%
Volume growth
in ready-mix and aggregates in 1Q14 driven by residential and commercial sectors
Cement volumes
in 1Q14 reflect the impact of the stoppage in the Canal expansion project; adjusting for this project, our cement volumes were positive
Our cement price increase
in 1Q14 along with a mix effect, as volumes to the Canal expansion project declined, resulted in higher prices in our cement business
EBITDA margin
in 1Q14 vs. 1Q13 was affected by higher maintenance costs 16

 	

| Panama – Sector Highlights
The residential and the commercial sectors were the main drivers of demand in the quarter, with new projects like the Pacific Center and DFR Shopping Center
2014
Positive trend in housing
expected to continue; we anticipate our volumes to the sector to grow by a low-single-digit rate in 2014
Industrial & commercial
should grow slightly, with our volumes increasing by a low-single-digit rate in 2014
Ongoing & new projects
in infrastructure, like the Corredor Norte should support demand going forward 17

 	

Results Highlights Costa Rica

 	

|| Costa Rica – Results Highlights
1Q14 1Q13 % var
Net Sales 35 35 2%
Financial
Summary Op. EBITDA 15 15 (3%)
US$ Million as % net sales 41.6% 43.7% (2.1pp)
1Q14 vs. 1Q13 1Q14 vs. 4Q13 Cement 14% (4%) Volume Ready mix (17%) (10%) Aggregates (11%) (3%)
1Q14 vs. 1Q13 1Q14 vs. 4Q13
Cement 5% 7%
Price
(Local Currency) Ready mix 9% 1%
Aggregates 5% 2%
Strong volume growth
in cement in 1Q14 vs. 1Q13 is driven mainly by highway infrastructure projects
Ready-mix & aggregates
volume decline is attributed to the conclusion of large projects
Higher prices in 1Q14
in all of our 3 products, in local currency terms, reflect our price increase early in the year
EBITDA margin
declined by 2.1pp due to higher maintenance costs 19

 	

|| Costa Rica– Sector Highlights
Infrastructure remained the main driver of demand in 1Q14 with projects like the Cañas-Liberia highway
2014
Infrastructure projects
should continue driving cement demand; we anticipate our volumes to the sector to increase by 10% in 2014
Housing and commercial
projects expected for 2014 should support ready-mix and aggregates demand
20

 	

Results Highlights Rest of CLH

 	

|| Rest of CLH – Results Highlights
1Q14 1Q13 % var
Net Sales 70 71 (2%)
Financial
Summary Op. EBITDA 19 19 (3%)
US$ Million as % net sales 27.1% 27.3% (0.2pp)
1Q14 vs. 1Q13 1Q14 vs. 4Q13 Cement 3% 7% Volume Ready mix (2%) (3%) Aggregates (2%) 11%
1Q14 vs. 1Q13 1Q14 vs. 4Q13
Cement (1%) 1%
Price
(Local Currency) Ready mix 3% 5%
Aggregates 4% 16%
Cement volume growth
in 1Q14 vs. 1Q13 was driven by positive performance in Nicaragua, Guatemala and El Salvador
Record ready-mix volume
in 1Q14 in Guatemala was driven by commercial projects
Higher prices
in local currency terms in all of our 3 products in 1Q14 vs. 4Q13
22

 	

|| Rest of CLH – Sector Highlights
Cement volumes in Nicaragua were driven mainly by infrastructure In Guatemala, our volume performance was supported by commercial projects
2014
In Nicaragua
infrastructure is expected to
continue its positive trend
In Guatemala
commercial projects in
Guatemala City are expected to
support demand for our products
during 2014
In Brazil
we are supplying cement to the
government-sponsored social
housing program
23

 	

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

 	

|| Free Cash Flow
US$ Million 1Q14 1Q13 % var
Operating. EBITDA 141 141 0%
- Net Financial Expense 24 29
- Maintenance Capex 9 3
- Change in Working Cap 7 40
- Taxes Paid 21 18
- Other Cash Items (net) 0 0
Free Cash Flow
80 51 57%
After Maintenance Capex
- Strategic Capex 5 11
Free Cash Flow 75 40 86%
Strong FCF generation
in 1Q14 reaching US$75 million
Reduced net debt
by US$70 million during 1Q14 to US$1,234 million
25

 	

GUIDANCE
1 Q 1 4 R e s u l t s

 	

|| 2014 Guidance
Volume YoY%
Cement Ready—Mix Aggregates
Colombia
8% 8% 8%
Cement Ready—Mix Aggregates Panama (10%) (8%) (10%)
Cement Ready—Mix Aggregates
Costa Rica
6% 6% 6%
On a consolidated basis
we expect our cement, ready-mix and aggregates volumes to increase by 4%, 5% and 4%, respectively in 2014
Maintenance capex
is expected to reach US$44 million in 2014
27

 	

APPENDIX
1 Q 1 4 R e s u l t s

 	

|| Consolidated debt maturity profile
637
US$ Million
226
143 143 143
2014 2015 2016 2017 2018
US$1,292 million
Total debt as of March 31, 2014
29

 	

|| Additional information on debt
1Q14 1Q13 4Q13
Total debt 1,292 1,582 1,381
—Short-term 27% 13% 19%
Information Debt / Cash
—Long-term 73% 87% 81%
US$ million
Cash and cash
58 68 77 equivalents Net debt 1,234 1,514 1,304
1Q14 1Q13
U.S. Dollar 98% 95%
Currency
Denomination Colombian Peso 2% 5% 80% 80%
Interest Rate Fixed Rate
Variable Rate 20% 20%
30

 	

|| Definitions
Cement: When providing cement volume variations, refers to our domestic gray cement operations.
Operating EBITDA: Operating earnings before other expenses, net plus depreciation and operating amortization.
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.
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.
LC: Local currency.
pp: Percentage points.
Like-to-like Percentage Variation (l-t-l%var): Percentage variations adjusted for investments/divestments and currency fluctuations.
Rest of CLH: Includes Brazil, Guatemala, El Salvador and Nicaragua.
31

 	

|| Contact information
Investor Relations
Patricio Treviño Garza Phone: +57(1) 603-9823
E-mail: patricio.trevinog@cemex.com
Stock Information
Colombian Stock Exchange CLH
Calendar of Events
17 – Jul – 14
2Q14 Earnings Report and Conference Call
22 – Oct – 14
3Q14 Earnings Report and Conference Call

 	

1Q14 RESULTS
A p r i l 2 9 , 2 0 1 4
33