Holcim Ltd: Annual Report 2011 - Key figures Group Holcim

2011
Annual cement production capacity
Sales of cement
Sales of mineral components
Sales of aggregates
Sales of ready-mix concrete
Sales of asphalt
Net sales
Operating EBITDA
Operating EBITDA margin
EBITDA
Operating profit
Operating profit margin
Net income
Net income margin
Net income - shareholders of Holcim Ltd
Cash flow from operating activities
Cash flow margin
Net financial debt
Funds from operations1/ net financial debt
Total shareholders' equity
Gearing2
Personnel
Earnings per share3
Fully diluted earnings per share3
Payout
Payout per share
Principal key figures in USD (illustrative) 5
Net sales
Operating EBITDA
Operating profit
Net income - shareholders of Holcim Ltd
Cash flow from operating activities
Net financial debt
Total shareholders' equity
Earnings per share3
Principal key figures in EUR (illustrative) 5
Net sales
Operating EBITDA
Operating profit
Net income - shareholders of Holcim Ltd
Cash flow from operating activities
Net financial debt
Total shareholders' equity
Earnings per share3

million t
million t
million t
million t
million m3
million t
million CHF
million CHF
%
million CHF
million CHF
%
million CHF
%
million CHF
million CHF
%
million CHF
%
million CHF
%
31.12.
CHF
CHF
million CHF
CHF

216.0
144.3
5.1
173.0
48.4
10.3
20,744
3,958
19.1
4,264
1,933
9.3
682
3.3
275
2,753
13.3
11,549
26.4
19,656
58.8
80,967
0.86
0.86
327
###
1.00
###

211.5
136.7
4.1
157.9
45.9
10.6
21,653
4,513
20.8
4,988
2,619
12.1
1,621
7.5
1,182
3,659
16.9
11,363
31.3
21,121
53.8
80,310
3.69
3.69
480
1.50

+2.1
+5.6
+23.9
+9.6
+5.4
-2.8
-4.2
-12.3

+/-%
like-for-like
+1.7
+5.5
+23.9
+5.6
+2.2
-2.8
+7.5
-0.2

-14.5
-26.2

-14.7

-57.9

-52.3

-76.7
-24.8

-74.9
-14.0

+1.6

+0.7

million USD
million USD
million USD
million USD
million USD
million USD
million USD
USD

23,306
4,447
2,172
309
3,092
12,273
20,889
0.97

20,820
4,339
2,518
1,137
3,518
12,088
22,469
3.55

+11.9
+2.5
-13.7
-72.8
-12.1
+1.5
-7.0
-72.7

million EUR
million EUR
million EUR
million EUR
million EUR
million EUR
million EUR

16,790
3,203
1,565
222
2,228
9,484
16,142

15,691
3,270
1,898
857
2,651
9,090
16,897

+7.0
-2.0
-17.5
-74.1
-16.0
+4.3
-4.5

0.70

2.67

-73.8

EUR

2010

+/-%

-6.9
+0.8
-76.7
-76.7
-31.9
-33.3

-0.7

Net income plus depreciation, amortization and impairment.

Net financial debt divided by total shareholders' equity.
3
EPS calculation based on net income attributable to shareholders of Holcim Ltd weighted by the average number of shares.
4
Proposed by the Board of Directors for a payout from capital contribution reserves.
5
Statement of income figures translated at average rate; statement of financial position figures at closing rate.
1
2

2011 Results / Key figures

Holcim Ltd: Annual Report 2011 - Consolidated statement of income of Group Holcim

Million CHF
Net sales
Production cost of goods sold
Gross profit
Distribution and selling expenses
Administration expenses
Operating profit
Other income
Share of profit of associates
Financial income
Financial expenses
Net income before taxes
Income taxes
Net income

2011
20,744
-12,216
8,528
-5,226
-1,369
1,933
69
149
191
-1,210
1,131
-449
682

2010
21,653
-12,379
9,274
-5,278
-1,377
2,619
7
245
262
-897
2,236
-615
1,621

Attributable to:
Shareholders of Holcim Ltd
Non-controlling interest

275
408

1,182
439

Earnings per share in CHF

Earnings per share1
Fully diluted earnings per share1

0.86
0.86

3.69
3.69

3,958
4,264

4,513
4,988

Million CHF
Operating EBITDA
EBITDA
1

EPS calculation based on net income attributable to shareholders of Holcim Ltd weighted by the average number of shares.

2011 Results / Statement of income

Holcim Ltd: Annual Report 2011 - Consolidated statement of financial position of Group Holcim

Million CHF
Cash and cash equivalents
Marketable securities
Accounts receivable
Inventories
Prepaid expenses and other current assets
Assets classified as held for sale
Total current assets

12/31/2011
2,946
4
2,719
2,086
382
16
8,154

12/31/2010
3,386
30
2,590
2,072
416
18
8,512

Long-term financial assets

Investments in associates
Property, plant and equipment
Intangible assets
Deferred tax assets
Other long-term assets
Total long-term assets

561
1,425
22,933
8,453
490
539
34,400

921
1,432
23,343
9,061
385
605
35,747

Total assets

42,554

44,259

Trade accounts payable

Current financial liabilities
Current income tax liabilities
Other current liabilites
Short-term provisions
Total current liabilities

2,547
2,820
418
1,667
242
7,695

2,303
2,468
555
1,632
256
7,214

Long-term financial liabilities

Defined benefit obligations
Deferred tax liabilities
Long-term provisions
Total long-term liabilities

11,675
285
2,061
1,181
15,202

12,281
317
2,203
1,123
15,924

Total liabilities

22,897

23,138

Share capital
Capital surplus
Treasury shares
Reserves
Total equity attributable to shareholders of Holcim Ltd
Non-controlling interest
Total shareholders' equity

654
8,894
-486
7,768
16,830
2,827
19,656

654
9,371
-476
8,552
18,101
3,020
21,121

Total liabilities and shareholders' equity

42,554

44,259

2011 Results / Balance sheet

Holcim Ltd: Annual Report 2011 - Consolidated statement of cash flows of Group Holcim

Million CHF
Net income before taxes
Other income
Share of profit of associates
Financial expenses net
Operating profit
Depreciation, amortization and impairment of operating assets
Other non-cash items
Change in net working capital
Cash generated from operations
Dividends received
Interest received
Interest paid
Income taxes paid
Other expenses
Cash flow from operating activities (A)

2011
1,131
-69
-149
1,020
1,933
2,025
242
-259
3,941
137
132
-701
-705
-52
2,753

2010
2,236
-7
-245
635
2,619
1,894
238
-43
4,708
183
122
-829
-471
-54
3,659

Purchase of property, plant and equipment

Disposal of property, plant and equipment
Acquisition of participation in Group companies
Disposal of participation in Group companies
Purchase of financial assets, intangible and other assets
Disposal of financial assets, intangible and other assets
Cash flow used in investing activities (B)

-1,776
138
-137
5
-242
221
-1,791

-1,821
229
-60
0
-446
736
-1,362

Payout on ordinary shares

Dividends paid to non-controlling interest
Capital paid-in by non-controlling interest
Movements of treasury shares
Proceeds from current financial liabilities
Repayment of current financial liabilities
Proceeds from long-term financial liabilities
Repayment of long-term financial liabilities
Increase in participation in existing Group companies
Decrease in participation in existing Group companies
Cash flow used in financing activities (C)

-480
-234
32
-21
6,232
-6,301
4,067
-4,298
-390
27
-1,366

-480
-239
29
-29
6,097
-7,713
2,544
-3,325
-154
30
-3,240

-405

-943

3,069
-405
-168
2,497

4,261
-943
-249
3,069

Decrease in cash and cash equivalents (A+B+C)

Cash and cash equivalents as at January 1 (net)
Decrease in cash and cash equivalents
Currency translation effects
Cash and cash equivalents as at December 31 (net)

2011 Results / Cash flow statement

Holcim Ltd: Annual Report 2011 - Information by reportable segment

Information by product line

Million CHF
Statement of income, statement of financial position and
statement of cash flows

Cement1

Aggregates

Other construction
materials and services

2011

2010

2011

2010

2011

2010

Net sales to external customers

Net sales to other segments
Total net sales
Operating EBITDA
Operating EBITDA margin in %
Operating profit (loss)
Net operating assets
Acquisition cost segment assets2
Cash flow used in investing activities3

12,050
1,329
13,379
3,245
24.3
1,969
19,060
1,309
-1,440

12,572
1,376
13,948
3,755
26.9
2,551
19,907
1,495
-1,529

1,632
891
2,523
522
20.7
122
5,672
258
-234

1,571
924
2,495
530
21.2
198
5,822
168
-76

7,062
617
7,680
191
2.5
-158
4,058
223
-198

7,510
597
8,107
228
2.8
-130
4,088
188
-154

Personnel
Number of personnel

51,492

51,133

6,898

6,478

22,469

22,577

Corporate / Eliminations

2011

2010

-2,837
-2,837

-2,897
-2,897

2
82

108

Total Group

2011

2010

20,744

21,653

3
397

20,744
3,958
19.1
1,933
28,790
1,792
-1,791

21,653
4,513
20.8
2,619
29,817
1,854
-1,362

122

80,967

80,310

Cement, clinker and other cementitious materials.

Property, plant and equipment and intangible assets.
3
Net investments in property, plant and equipment, Group companies, financial assets, intangible and other assets.
1
2

2011 Results / Segment information