Debt investor slide package Q4 2014

Debt investor slide package Q4 2014 Corporate Finance & Treasury Capital Markets Bank Relationship

Š 2015 Holcim Ltd

Financial debt, maturities and liquidity as of December 31, 2014 Maturity profile1 (mCHF)

Liquidity summary

3'000

• Cash + marketable securities: CHF 2,150 million Loans

Capital markets

• Cash + marketable securities + unused committed credit lines: CHF 5,970 million

2'000 Debt summary • Current financial liabilities1: CHF 1,947 million • Fixed to floating ratio: 58% to 42%

1'000

• Capital markets 75%; Loans 25% • Corporate vs. subsidiary debt: 77% to 23% • Ø total maturity: 5.2 years

0 <1y 1-2y 2-3y 3-4y 4-5y 5-6y 6-7y 7-8y 8-9y 9-10y >10y 1

After risk-related adjustments of CHF 555 million from current financial liabilities to long-term financial liabilities

• CP borrowings: CHF 272 million • No financial covenants in Corporate credit lines • Average cost of financing: 4.7% ST/LT ratings summary as of February 23, 2015 • S&P Credit Rating:

A-2 / BBB, outlook stable

• Fitch Credit Rating:

F2 / BBB, outlook stable

• Moody’s Credit Rating: P-2 / Baa2, outlook negative

© 2015 Holcim Ltd

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Overall debt reduced by CHF 6.9 billion since 2008 Share of capital market financing at 75% Financial liabilities CHF million

Share of capital market financing

20'000

100%

16'000

80%

12'000

60%

8'000

40%

4'000

20% 0%

0 2008

2009

2010

2011

2012

2013

2014

Loans Capital markets Share of capital market financing (r.h. scale)

Š 2015 Holcim Ltd

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Access to a wide range of capital markets – only CHF 0.8 bn of capital markets instruments maturing in 2015 Capital markets funding distribution as per Q4 2014

Date

THB Bond EUR CPs CRC Bonds* USD IRBs CAD PP MAD Bond CAD Bond USD PPs CHF Bonds

MXN Bonds USD CPs

CHF m

Currency

Mar-15 Apr-15 Jul-15 Nov-15 Dec-15

303 250 18 37 164

AUD 250 m, MXN 1.5 bn CHF 250 m CRC 10 bn* THB 1.2 bn MAD 1.5 bn

Apr-16 May-16 Jun-16 Aug-16

15 251 529 124

CRC 8 bn GBP 163 m CHF 475 m, MXN 800 m USD 125 m

28%

AUD Bonds

GBP Bonds

Capital market maturities 2015 – 2016

6% 7% 16%

23%

EUR Bonds USD Bonds

Corporate Holdings Operating Company * early repaid on January 5, 2015

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Average maturity increased to 5.2 years with long-term bond and project financings Major transactions since January 1, 2014

RUB 4.0 bn and USD 100 m project financing in Russia (7 years)

Amendment and extension EUR 2.0 bn Syndicated Revolving Committed Credit Facility

MXN 2.0 bn bond (4 years)

EUR 500 m bond (10 years)

Average maturity of financial liabilities (in years) 5.5 5.0 4.5

USD 125 m project financing in Ecuador (6 years)

4.0

Minimum target

3.5 3.0 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 05 06 07 08 09 10 11 12 13 14 Š 2015 Holcim Ltd

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Disclaimer Cautionary statement regarding forward-looking statements This presentation may contain certain forward-looking statements relating to the Groupâ&#x20AC;&#x2122;s future business, development and economic performance.

Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to (1) competitive pressures; (2) legislative and regulatory developments; (3) global, macroeconomic and political trends; (4) fluctuations in currency exchange rates and general financial market conditions; (5) delay or inability in obtaining approvals from authorities; (6) technical developments; (7) litigation; (8) adverse publicity and news coverage, which could cause actual development and results to differ materially from the statements made in this presentation. Holcim assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise.

Š 2015 Holcim Ltd

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