EX-1 2 d758345dex1.htm EX-1

EX-1

2014 Outlook

Exhibit 1

2

Forward looking information

This presentation contains certain forward-looking statements and information relating to CEMEX, S.A.B.

de C.V. and its subsidiaries (collectively, “CEMEX”) 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 CEMEX 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 CEMEX operates, CEMEX’s ability to comply with the

terms and obligations of the facilities agreement entered into with major creditors and other debt

agreements, 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, 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 CEMEX 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 FIGURES ARE PRESENTED IN DOLLARS,  

BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS

Copyright CEMEX, S.A.B. de C.V. and its subsidiaries.

We expect mid-single-digit increases in consolidated volumes for cement, ready mix and

aggregates

Cost of energy, on a per ton of cement produced basis, expected to be relatively flat from last

year’s level

Total capital expenditures expected to be about US$670 million, US$505 million in

maintenance capex and US$165 million in strategic capex

We expect working capital investment during the year to be similar to last year’s

We expect cash taxes to reach about US$600 million

We expect a marginal reduction in our cost of debt, including our perpetual and convertible

securities

3

2014 guidance

4

2014 expected outlook: Selected countries

Domestic gray cement

Ready mix

Aggregates

Volumes

Volumes

Volumes

Consolidated

mid-single-digit growth

mid-single-digit growth

mid-single-digit growth

Mexico

low-single-digit growth

mid-single-digit growth

high-single-digit growth

United States

high-single-digit growth

high-single-digit growth

mid-single-digit growth

Germany

4%

1%

0%

Poland

5%

2%

5%

France

N/A

(1%)

(5%)

UK

1%

2%

8%

Spain

(5%)

(2%)

(23%)

Egypt

(5%)

11%

29%

Colombia

12%

12%

15%

Panama

(12%)

(5%)

(5%)

Costa Rica

6%

0%

4%

Philippines

10%

N/A

N/A