EX-99.3 4 d949699dex993.htm EXHIBIT 3 - 2Q2020 RESULTS PRESENTATION

Exhibit 3 RESULTS 2Q20 J u l y 2 7 , 2 0 2 0Exhibit 3 RESULTS 2Q20 J u l y 2 7 , 2 0 2 0

||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CLH’s expectations. Some of the risks, uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on CLH or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CLH’s exposure to other sectors that impact CLH’s business, such as, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CLH’s ability to satisfy its debt obligations and CEMEX, S.A.B. de C.V.’s (“CEMEX”) ability to satisfy CEMEX’s obligations under its material debt agreements, the indentures that govern CEMEX’s senior secured notes and CEMEX’s other debt instruments; expected refinancing of CEMEX’s existing indebtedness; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; CEMEX’s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CLH’s cost-reduction initiatives and implement CLH’s pricing initiatives for CLH’s products; the increasing reliance on information technology infrastructure for CLH’s operations, sales in general, sales invoicing, procurement, financial statements and other processes that can adversely affect operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); and the other risks and uncertainties described in CLH’s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CLH’s business. The information contained in these presentations is subject to change without notice, and CLH is not obligated to publicly update or revise forward-looking statements. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to CLH’s prices for CLH’s 2 products.||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CLH’s expectations. Some of the risks, uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on CLH or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CLH’s exposure to other sectors that impact CLH’s business, such as, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CLH’s ability to satisfy its debt obligations and CEMEX, S.A.B. de C.V.’s (“CEMEX”) ability to satisfy CEMEX’s obligations under its material debt agreements, the indentures that govern CEMEX’s senior secured notes and CEMEX’s other debt instruments; expected refinancing of CEMEX’s existing indebtedness; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; CEMEX’s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CLH’s cost-reduction initiatives and implement CLH’s pricing initiatives for CLH’s products; the increasing reliance on information technology infrastructure for CLH’s operations, sales in general, sales invoicing, procurement, financial statements and other processes that can adversely affect operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); and the other risks and uncertainties described in CLH’s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CLH’s business. The information contained in these presentations is subject to change without notice, and CLH is not obligated to publicly update or revise forward-looking statements. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to CLH’s prices for CLH’s 2 products.

||Key messages 2Q20 ✓ New COVID-19 safety protocols designed to allow us to continue operating safely and effectively ✓ Volumes significantly impacted during the quarter by COVID-19. Despite the declining sales environment during 2Q20: ➢ Improved EBITDA margin by 1.4pp YoY ➢ Increased cement volumes in Guatemala and Nicaragua on a year-over-year and sequential basis ➢ Observed significant volume recovery in Colombia during June vs. April and May, after restrictions eased ➢ Maintained consolidated cement prices stable 2Q vs. 1Q, despite lower volumes ➢ Implemented price increases in Colombia and Costa Rica ➢ Generated US$25 M in FCF & US$11 M in net income, reduced net debt by US$28 M from March to June ➢ Obtained the highest ever Net Promoter Score (NPS) 3||Key messages 2Q20 ✓ New COVID-19 safety protocols designed to allow us to continue operating safely and effectively ✓ Volumes significantly impacted during the quarter by COVID-19. Despite the declining sales environment during 2Q20: ➢ Improved EBITDA margin by 1.4pp YoY ➢ Increased cement volumes in Guatemala and Nicaragua on a year-over-year and sequential basis ➢ Observed significant volume recovery in Colombia during June vs. April and May, after restrictions eased ➢ Maintained consolidated cement prices stable 2Q vs. 1Q, despite lower volumes ➢ Implemented price increases in Colombia and Costa Rica ➢ Generated US$25 M in FCF & US$11 M in net income, reduced net debt by US$28 M from March to June ➢ Obtained the highest ever Net Promoter Score (NPS) 3

||Update on our three main priorities during these challenging times Strengthen our Health & Safety Customer Experience Financial Position 4||Update on our three main priorities during these challenging times Strengthen our Health & Safety Customer Experience Financial Position 4

||Health and safetyis our number onepriority ✓ Implemented >50 protocols to reduce contagion risks; deploying family playbook ✓ Developed “Health Check” app to track employees health; conducted ~870 tests to detect asymptomatic employees ✓ Appointed a COVID-19 coordinator in all our sites, 132 in total ✓ Delivered 12,000 food kits and 26,000 medical supplies to vulnerable families ✓ Sanitized more than 1.8 million square meters of public areas, using our ready- mix trucks in coordination with authorities 5||Health and safetyis our number onepriority ✓ Implemented >50 protocols to reduce contagion risks; deploying family playbook ✓ Developed “Health Check” app to track employees health; conducted ~870 tests to detect asymptomatic employees ✓ Appointed a COVID-19 coordinator in all our sites, 132 in total ✓ Delivered 12,000 food kits and 26,000 medical supplies to vulnerable families ✓ Sanitized more than 1.8 million square meters of public areas, using our ready- mix trucks in coordination with authorities 5

||Committed to enhance our customer experience ✓ Launched the “CEMEX te acompaña” program for our customers ➢ Providing trainings on our protocols ➢ Offering webinars on topics of interest: >80,000 people watched ➢ Providing high technology products that improve construction efficiency ➢ Offering support in financial, tax and labor issues ➢ Launched “Construrama a la mano”, a new sales channel via WhatsApp ➢ Received ~80% of cement purchase orders through CEMEX Go ✓ Obtained the highest Net Promoter Score ever during 2Q20 6||Committed to enhance our customer experience ✓ Launched the “CEMEX te acompaña” program for our customers ➢ Providing trainings on our protocols ➢ Offering webinars on topics of interest: >80,000 people watched ➢ Providing high technology products that improve construction efficiency ➢ Offering support in financial, tax and labor issues ➢ Launched “Construrama a la mano”, a new sales channel via WhatsApp ➢ Received ~80% of cement purchase orders through CEMEX Go ✓ Obtained the highest Net Promoter Score ever during 2Q20 6

||Strengthen ourfinancial position ✓ Hard stop of fees and expenses, hiring and salary freezes, maintenance adjustments, headcount optimization, among others. These measures are in addition to our pre-COVID savings plan which included initiatives related to our low- cost-sourcing program, supply chain efficiencies and other operational improvements ➢ Achieved ~US$19 million dollars savings YTD June ➢ Expect total savings of ~US$37 for the full year 2020 ✓ Reducing our full year CAPEX by US$25 million, compared with the guidance provided in February ✓ Obtained short term financings that significantly increased our cash position. We will use our cash to pay down debt as visibility increases 7||Strengthen ourfinancial position ✓ Hard stop of fees and expenses, hiring and salary freezes, maintenance adjustments, headcount optimization, among others. These measures are in addition to our pre-COVID savings plan which included initiatives related to our low- cost-sourcing program, supply chain efficiencies and other operational improvements ➢ Achieved ~US$19 million dollars savings YTD June ➢ Expect total savings of ~US$37 for the full year 2020 ✓ Reducing our full year CAPEX by US$25 million, compared with the guidance provided in February ✓ Obtained short term financings that significantly increased our cash position. We will use our cash to pay down debt as visibility increases 7

||Financial Results Summary Net Sales Operating EBITDA Margin EBITDA (US$M) (US$M) (%) -29% -25% 0.9pp -41% -36% 1.4pp 6M19 6M20 2Q19 2Q20 6M19 6M20 6M19 6M20 2Q19 2Q20 2Q19 2Q20 8 507 362 249 148 100 75 46 29 19.8% 20.7% 18.3% 19.7%||Financial Results Summary Net Sales Operating EBITDA Margin EBITDA (US$M) (US$M) (%) -29% -25% 0.9pp -41% -36% 1.4pp 6M19 6M20 2Q19 2Q20 6M19 6M20 6M19 6M20 2Q19 2Q20 2Q19 2Q20 8 507 362 249 148 100 75 46 29 19.8% 20.7% 18.3% 19.7%

||Consolidated Volumes andPrices 6M20 vs. 2Q20 vs. 2Q20 vs. 6M19 2Q19 1Q20 Volumes were impacted during 2Q20 by the COVID-19 restrictions in most of our markets Volume -22% -33% -24% Domestic gray Price (USD) -3% -3% 0% cement Price (LtL ) 3% 4% 0% 1 Strong pickup in activity in the back half of the quarter as Volume -42% -60% -51% restrictions eased; June volumes Ready-mix doubled those of April Price (USD) -10% -12% -6% concrete -1% -2% -8% Price (LtL ) 1 Our cement prices remained stable Volume -49% -66% -51% during the quarter on a sequential Aggregates Price (USD) -2% -8% -13% basis, despite a 24% decline in Price (LtL ) 9% 2% -14% 1 volumes (1) Like-to-like prices adjusted for foreign-exchange fluctuations 9||Consolidated Volumes andPrices 6M20 vs. 2Q20 vs. 2Q20 vs. 6M19 2Q19 1Q20 Volumes were impacted during 2Q20 by the COVID-19 restrictions in most of our markets Volume -22% -33% -24% Domestic gray Price (USD) -3% -3% 0% cement Price (LtL ) 3% 4% 0% 1 Strong pickup in activity in the back half of the quarter as Volume -42% -60% -51% restrictions eased; June volumes Ready-mix doubled those of April Price (USD) -10% -12% -6% concrete -1% -2% -8% Price (LtL ) 1 Our cement prices remained stable Volume -49% -66% -51% during the quarter on a sequential Aggregates Price (USD) -2% -8% -13% basis, despite a 24% decline in Price (LtL ) 9% 2% -14% 1 volumes (1) Like-to-like prices adjusted for foreign-exchange fluctuations 9

||EBITDA Variation 6M20 -25% 100 -60 9 16 -5 18 -4 75 EBITDA Vol Price Operating Dist SG&A FX EBITDA 6M19 Costs 6M20 19.8% 20.7% +0.9pp EBITDA EBITDA Margin 6M19 Margin 6M20 10||EBITDA Variation 6M20 -25% 100 -60 9 16 -5 18 -4 75 EBITDA Vol Price Operating Dist SG&A FX EBITDA 6M19 Costs 6M20 19.8% 20.7% +0.9pp EBITDA EBITDA Margin 6M19 Margin 6M20 10

REGIONAL HIGHLIGHTS 2 Q 2 0 R e s u l t sREGIONAL HIGHLIGHTS 2 Q 2 0 R e s u l t s

Results Highlights ColombiaResults Highlights Colombia

||Colombia –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 40% in 2Q20, however, volumes 169 250 -32% 67 122 -45% Net Sales recovered during June, declining a Financial Op. EBITDA 28 39 -28% 12 17 -32% high-single digit YoY and Summary US$ Million significantly improving vs. May as % net 16.7% 15.7% 1.0pp 17.4% 14.1% 3.3pp sales Our cement prices improved 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 during 2Q20 both YoY and QoQ; Cement -27% -40% -29% additionally, we implemented a Volume Ready-mix -40% -57% -47% ~4.5% price increase for bagged -42% -62% -51% cement effective on July 1 Aggregates 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin improved by 3.3pp despite lower Cement 9% 9% 1% Price volumes, driven by increased Ready-mix 3% 3% 0% (Local Currency) prices, as well as lower fixed costs Aggregates 3% 4% 1% and SG&A 13||Colombia –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 40% in 2Q20, however, volumes 169 250 -32% 67 122 -45% Net Sales recovered during June, declining a Financial Op. EBITDA 28 39 -28% 12 17 -32% high-single digit YoY and Summary US$ Million significantly improving vs. May as % net 16.7% 15.7% 1.0pp 17.4% 14.1% 3.3pp sales Our cement prices improved 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 during 2Q20 both YoY and QoQ; Cement -27% -40% -29% additionally, we implemented a Volume Ready-mix -40% -57% -47% ~4.5% price increase for bagged -42% -62% -51% cement effective on July 1 Aggregates 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin improved by 3.3pp despite lower Cement 9% 9% 1% Price volumes, driven by increased Ready-mix 3% 3% 0% (Local Currency) prices, as well as lower fixed costs Aggregates 3% 4% 1% and SG&A 13

|| Colombia –Infrastructure Sector 4G projects restarted first; expect industry ready-mix demand to 3 reach 1.2 million m during 2020, 50% higher vs. 2019 In Bogota, projects already awarded should start soon, such as 3 hospitals, “Transmilenio” extensions and a water-treatment plant. The Metro and “Regiotram” train should start cement consumption next year For 2021, the government is proposing a budget with a 10% YoY increase in physical investments, including road infrastructure, water plants, housing, among others 14|| Colombia –Infrastructure Sector 4G projects restarted first; expect industry ready-mix demand to 3 reach 1.2 million m during 2020, 50% higher vs. 2019 In Bogota, projects already awarded should start soon, such as 3 hospitals, “Transmilenio” extensions and a water-treatment plant. The Metro and “Regiotram” train should start cement consumption next year For 2021, the government is proposing a budget with a 10% YoY increase in physical investments, including road infrastructure, water plants, housing, among others 14

|| Colombia –Housing and Industrial & Commercial Sectors Cement demand from the self- construction sector recovered significantly during June Regarding formal housing, we are encouraged by the government announcement of 200,000 subsidies for low- and mid-income new housing in next 2 years In the industrial-and-commercial sector, recent trends such as telework, restricted travel and increased online shopping, could reduce demand for offices, hotels and commercial spaces 15|| Colombia –Housing and Industrial & Commercial Sectors Cement demand from the self- construction sector recovered significantly during June Regarding formal housing, we are encouraged by the government announcement of 200,000 subsidies for low- and mid-income new housing in next 2 years In the industrial-and-commercial sector, recent trends such as telework, restricted travel and increased online shopping, could reduce demand for offices, hotels and commercial spaces 15

Results Highlights PanamaResults Highlights Panama

||Panama –Results Highlights Country with the most severe 6M20 6M19 % var 2Q20 2Q19 % var COVID-19 restrictions; 41 98 -58% 7 48 -86% Net Sales construction industry fully stopped Financial Op. EBITDA 7 24 -72% -3 11 n/a during April and May Summary US$ Million as % net 16.8% 24.9% (8.1pp) -51.4% 22.1% n/a sales Despite that the government allowed certain infrastructure 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 projects to restart in June, we Cement -59% -88% -83% observed low levels of activity in Volume this sector Ready-mix -68% -99% -99% -63% -96% -95% Aggregates We implemented initiatives such 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 as hard stop of expenses, reduced working hours, among many Cement -6% -5% 0% others. However, our quarterly Price Ready-mix -6% 22% 28% (Local Currency) EBITDA was negative due to the Aggregates -5% -6% -3% extraordinary low level of sales 17||Panama –Results Highlights Country with the most severe 6M20 6M19 % var 2Q20 2Q19 % var COVID-19 restrictions; 41 98 -58% 7 48 -86% Net Sales construction industry fully stopped Financial Op. EBITDA 7 24 -72% -3 11 n/a during April and May Summary US$ Million as % net 16.8% 24.9% (8.1pp) -51.4% 22.1% n/a sales Despite that the government allowed certain infrastructure 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 projects to restart in June, we Cement -59% -88% -83% observed low levels of activity in Volume this sector Ready-mix -68% -99% -99% -63% -96% -95% Aggregates We implemented initiatives such 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 as hard stop of expenses, reduced working hours, among many Cement -6% -5% 0% others. However, our quarterly Price Ready-mix -6% 22% 28% (Local Currency) EBITDA was negative due to the Aggregates -5% -6% -3% extraordinary low level of sales 17

|| Panama – Highlights We partially resumed activities in early June for the supply of certain infrastructure projects and hardware stores Limited cement demand visibility due to COVID-19, however, government stated that infrastructure projects will drive economic reactivation th Landmark projects such as the 4 rd Bridge and 3 line of the Metro pushed for 2021. Other projects such as the “Panamamericana” highway, the Metro line 2 extension, among others, should restart construction soon 18|| Panama – Highlights We partially resumed activities in early June for the supply of certain infrastructure projects and hardware stores Limited cement demand visibility due to COVID-19, however, government stated that infrastructure projects will drive economic reactivation th Landmark projects such as the 4 rd Bridge and 3 line of the Metro pushed for 2021. Other projects such as the “Panamamericana” highway, the Metro line 2 extension, among others, should restart construction soon 18

Results Highlights Costa RicaResults Highlights Costa Rica

||Costa Rica –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 15% during 2Q20, in line with the 46 55 -17% 20 27 -26% Net Sales industry; COVID-19 restrictions Financial Op. EBITDA 14 19 -24% 7 9 -27% had a relatively mild impact during Summary US$ Million as % net this period 31.4% 34.1% (2.7pp) 32.1% 32.5% (0.4pp) sales 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Our quarterly prices in local- currency terms improved by 1% Cement -10% -15% -12% QoQ; we implemented a ~4% price Volume Ready-mix -23% -35% -29% increase for bagged cement -66% -60% 42% Aggregates effective on June 22 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin relatively Cement -8% -7% 1% stable YoY; lower fixed and Price Ready-mix -11% -11% -1% (Local Currency) variable costs offset the negative impact of the decline in volumes Aggregates 82% 35% -46% 20||Costa Rica –Results Highlights Our cement volumes declined by 6M20 6M19 % var 2Q20 2Q19 % var 15% during 2Q20, in line with the 46 55 -17% 20 27 -26% Net Sales industry; COVID-19 restrictions Financial Op. EBITDA 14 19 -24% 7 9 -27% had a relatively mild impact during Summary US$ Million as % net this period 31.4% 34.1% (2.7pp) 32.1% 32.5% (0.4pp) sales 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Our quarterly prices in local- currency terms improved by 1% Cement -10% -15% -12% QoQ; we implemented a ~4% price Volume Ready-mix -23% -35% -29% increase for bagged cement -66% -60% 42% Aggregates effective on June 22 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Quarterly EBITDA margin relatively Cement -8% -7% 1% stable YoY; lower fixed and Price Ready-mix -11% -11% -1% (Local Currency) variable costs offset the negative impact of the decline in volumes Aggregates 82% 35% -46% 20

|| Costa Rica –Highlights Stricter COVID-19 containment measures implemented in July; construction activity was restricted for 9 days in districts marked in “orange alert” In the infrastructure sector, ongoing projects should continue supporting cement volumes. Additionally, the “Taras-La Lima” overpass, as well as projects from the road network program financed by the Inter-American Development Bank, should start soon 21|| Costa Rica –Highlights Stricter COVID-19 containment measures implemented in July; construction activity was restricted for 9 days in districts marked in “orange alert” In the infrastructure sector, ongoing projects should continue supporting cement volumes. Additionally, the “Taras-La Lima” overpass, as well as projects from the road network program financed by the Inter-American Development Bank, should start soon 21

Results Highlights Rest of CLHResults Highlights Rest of CLH

||Rest of CLH –Results Highlights Cement volumes improved by 5% 6M20 6M19 % var 2Q20 2Q19 % var during 2Q20; volumes increased in 114 113 0% 56 57 0% Net Sales Guatemala and Nicaragua Financial Op. EBITDA 37 33 15% 20 15 29% Summary US$ Million as % net 33.0% 28.8% 4.2pp 35.5% 27.3% 8.2pp sales Our quarterly prices on a sequential basis remained stable for cement, and increased by 2% 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 for ready-mix, in local-currency Cement 5% 5% 1% terms Volume Ready-mix -10% -3% -19% -26% -38% -13% Aggregates EBITDA margin improved by 8.2pp during 2Q20; benefited in 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Guatemala by lower purchased- clinker costs, increased volumes, Cement -2% -2% 0% Price and lower corporate expenses; in Ready-mix 3% 2% 2% (Local Currency) Nicaragua by increased volumes, Aggregates 18% 8% -8% as well as lower costs and SG&A 23||Rest of CLH –Results Highlights Cement volumes improved by 5% 6M20 6M19 % var 2Q20 2Q19 % var during 2Q20; volumes increased in 114 113 0% 56 57 0% Net Sales Guatemala and Nicaragua Financial Op. EBITDA 37 33 15% 20 15 29% Summary US$ Million as % net 33.0% 28.8% 4.2pp 35.5% 27.3% 8.2pp sales Our quarterly prices on a sequential basis remained stable for cement, and increased by 2% 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 for ready-mix, in local-currency Cement 5% 5% 1% terms Volume Ready-mix -10% -3% -19% -26% -38% -13% Aggregates EBITDA margin improved by 8.2pp during 2Q20; benefited in 6M20 vs. 6M19 2Q20 vs. 2Q19 2Q20 vs. 1Q20 Guatemala by lower purchased- clinker costs, increased volumes, Cement -2% -2% 0% Price and lower corporate expenses; in Ready-mix 3% 2% 2% (Local Currency) Nicaragua by increased volumes, Aggregates 18% 8% -8% as well as lower costs and SG&A 23

|| Guatemala – Highlights We estimate that industry volumes declined a low- to mid-single digit during 2Q20, affected by lower formal construction activity in Guatemala City However, our cement volumes improved during this period due to our relatively low exposure to the formal sector and to increased activity in our main markets We are cautiously optimistic in Guatemala’s economy and cement consumption 24|| Guatemala – Highlights We estimate that industry volumes declined a low- to mid-single digit during 2Q20, affected by lower formal construction activity in Guatemala City However, our cement volumes improved during this period due to our relatively low exposure to the formal sector and to increased activity in our main markets We are cautiously optimistic in Guatemala’s economy and cement consumption 24

|| Nicaragua –Highlights Our cement volumes improved by 9% during 2Q20 YoY Cement volumes driven by a reactivation of the self construction sector and government-sponsored projects Economic and social activity remains relatively normal as schools, shops and sporting events remain open; we are seeking to protect our employees, customers and suppliers with our Health & Safety protocols 25|| Nicaragua –Highlights Our cement volumes improved by 9% during 2Q20 YoY Cement volumes driven by a reactivation of the self construction sector and government-sponsored projects Economic and social activity remains relatively normal as schools, shops and sporting events remain open; we are seeking to protect our employees, customers and suppliers with our Health & Safety protocols 25

OTHER INFORMATION 2 Q 2 0 R e s u l t sOTHER INFORMATION 2 Q 2 0 R e s u l t s

||Free Cash Flow generation US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Free cash flow during the quarter improved YoY, mainly due to lower Op. EBITDA 75 100 29 46 Operating EBITDA -25% -36% CAPEX and a positive effect in - Net financial expense 26 27 13 13 taxes paid, despite the EBITDA decline - Maintenance Capex 4 17 2 12 - Change in working cap 19 -4 -2 -10 - Taxes paid -4 24 -11 10 CAPEX expenses were reduced to a minimum - Other cash items (net) 2 -3 1 -3 Free Cash Flow 28 41 -32% 25 23 8% After Maintenance Capex - Strategic Capex 1 1 0 1 Received tax refunds in Colombia for ~US$16 million, benefiting the 27 40 -34% 25 21 19% Free Cash Flow taxes paid line during 2Q20 27||Free Cash Flow generation US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Free cash flow during the quarter improved YoY, mainly due to lower Op. EBITDA 75 100 29 46 Operating EBITDA -25% -36% CAPEX and a positive effect in - Net financial expense 26 27 13 13 taxes paid, despite the EBITDA decline - Maintenance Capex 4 17 2 12 - Change in working cap 19 -4 -2 -10 - Taxes paid -4 24 -11 10 CAPEX expenses were reduced to a minimum - Other cash items (net) 2 -3 1 -3 Free Cash Flow 28 41 -32% 25 23 8% After Maintenance Capex - Strategic Capex 1 1 0 1 Received tax refunds in Colombia for ~US$16 million, benefiting the 27 40 -34% 25 21 19% Free Cash Flow taxes paid line during 2Q20 27

||Income Statement US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Net income reached US$11 million Net sales 362 507 -29% 148 249 -41% during 2Q20, compared with a - Cost of sales 221 313 94 158 US$4 million loss during 2Q19; net Gross profit 141 194 -27% 54 91 -40% income improved mainly due to a - Operating expenses 104 135 43 65 positive FX effect, despite lower Operating earnings (loss) before 37 60 -37% 11 26 -58% operating earnings other expenses, net - Other expenses, net 5 8 3 8 Operating earnings (loss) 33 52 -37% 8 18 -55% Positive impact in the Other - Financial expenses 26 27 13 13 income and expenses net line due - Other income (expenses), net 22 6 -17 9 to a FX effect on the financial Net income (loss) before income -15 19 12 -4 taxes balances, mainly from an 8% - Income tax 4 8 -1 0 depreciation of the U.S.-dollar Consolidated net income (loss) -20 11 11 -4 versus the Colombian peso, from - Non-controlling interest net 0 0 0 0 March 2020 to June 2020 income Controlling Interest Net Income (loss) -20 11 n/a 11 -4 n/a 28||Income Statement US$ Million 6M20 6M19 % var 2Q20 2Q19 % var Net income reached US$11 million Net sales 362 507 -29% 148 249 -41% during 2Q20, compared with a - Cost of sales 221 313 94 158 US$4 million loss during 2Q19; net Gross profit 141 194 -27% 54 91 -40% income improved mainly due to a - Operating expenses 104 135 43 65 positive FX effect, despite lower Operating earnings (loss) before 37 60 -37% 11 26 -58% operating earnings other expenses, net - Other expenses, net 5 8 3 8 Operating earnings (loss) 33 52 -37% 8 18 -55% Positive impact in the Other - Financial expenses 26 27 13 13 income and expenses net line due - Other income (expenses), net 22 6 -17 9 to a FX effect on the financial Net income (loss) before income -15 19 12 -4 taxes balances, mainly from an 8% - Income tax 4 8 -1 0 depreciation of the U.S.-dollar Consolidated net income (loss) -20 11 11 -4 versus the Colombian peso, from - Non-controlling interest net 0 0 0 0 March 2020 to June 2020 income Controlling Interest Net Income (loss) -20 11 n/a 11 -4 n/a 28

||Consolidated debt as of June 30, 2020 US$ Million US$785 M total debt, US$78 M cash 465 US$707 M net debt 4.1x Net Debt / LTM EBITDA 166 90 42 Net debt reduced by US$28 M, from US$734 M as of March to 2023 2024 2020 2021 2022 US$707 M as of June, however, our Borrower Lender Currency Cost US$ M Maturity leverage ratio increased by 0.2x Cementos Bayano S.A. Local Banks USD 5.25% 8 2020 1 4 due to lower EBITDA CEMEX Colombia S.A. Local Banks COP 7.71% 34 2020 1 4 Cementos Bayano S.A. Lomez International B.V USD 6ML + 360 bps 90 Dec - 2022 3 1 CCL Lomez International B.V USD Fixed 5.65% 465 Feb-2023 3 2 As a precautionary measure, we CEMEX Colombia S.A. CEMEX España S.A. USD 6ML + 277 bps 166 Dec-2024 3 1 obtained short term financings that Other debt (Leases) 22 increased our cash by US$40 M. Average Cost / Total USD 4.86% 785 5 As the visibility on our markets improve, we expect to deploy our (1) Subsidiary company of CEMEX Latam Holdings S.A. (2) Refers to “Corporación Cementera Latinoamericana”. Subsidiary company of CEMEX Latam Holdings S.A. cash to pay down debt (3) Subsidiary company of CEMEX, S.A.B. de C.V. (4) Weighted Average Cost 29 (5) Weighted Average Cost of U.S. dollar denominated debt ||Consolidated debt as of June 30, 2020 US$ Million US$785 M total debt, US$78 M cash 465 US$707 M net debt 4.1x Net Debt / LTM EBITDA 166 90 42 Net debt reduced by US$28 M, from US$734 M as of March to 2023 2024 2020 2021 2022 US$707 M as of June, however, our Borrower Lender Currency Cost US$ M Maturity leverage ratio increased by 0.2x Cementos Bayano S.A. Local Banks USD 5.25% 8 2020 1 4 due to lower EBITDA CEMEX Colombia S.A. Local Banks COP 7.71% 34 2020 1 4 Cementos Bayano S.A. Lomez International B.V USD 6ML + 360 bps 90 Dec - 2022 3 1 CCL Lomez International B.V USD Fixed 5.65% 465 Feb-2023 3 2 As a precautionary measure, we CEMEX Colombia S.A. CEMEX España S.A. USD 6ML + 277 bps 166 Dec-2024 3 1 obtained short term financings that Other debt (Leases) 22 increased our cash by US$40 M. Average Cost / Total USD 4.86% 785 5 As the visibility on our markets improve, we expect to deploy our (1) Subsidiary company of CEMEX Latam Holdings S.A. (2) Refers to “Corporación Cementera Latinoamericana”. Subsidiary company of CEMEX Latam Holdings S.A. cash to pay down debt (3) Subsidiary company of CEMEX, S.A.B. de C.V. (4) Weighted Average Cost 29 (5) Weighted Average Cost of U.S. dollar denominated debt

|| 2020 Guidance Total CAPEX US$25 M Maintenance US$20 M Strategic US$5 M Cash Taxes US$35 M 30|| 2020 Guidance Total CAPEX US$25 M Maintenance US$20 M Strategic US$5 M Cash Taxes US$35 M 30

||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CLH’s expectations. Some of the risks, uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on CLH or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CLH’s exposure to other sectors that impact CLH’s business, such as, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CLH’s ability to satisfy its debt obligations and CEMEX, S.A.B. de C.V.’s (“CEMEX”) ability to satisfy CEMEX’s obligations under its material debt agreements, the indentures that govern CEMEX’s senior secured notes and CEMEX’s other debt instruments; expected refinancing of CEMEX’s existing indebtedness; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; CEMEX’s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CLH’s cost-reduction initiatives and implement CLH’s pricing initiatives for CLH’s products; the increasing reliance on information technology infrastructure for CLH’s operations, sales in general, sales invoicing, procurement, financial statements and other processes that can adversely affect operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); and the other risks and uncertainties described in CLH’s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CLH’s business. The information contained in these presentations is subject to change without notice, and CLH is not obligated to publicly update or revise forward-looking statements. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to CLH’s prices for CLH’s 31 products.||Forward looking information This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy, and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s ( CLH ) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CLH’s expectations. Some of the risks, uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on CLH or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CLH’s exposure to other sectors that impact CLH’s business, such as, but not limited to, the energy sector; competition in the markets in which we offer our products and services;; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, health, political or social developments in those markets, including any nationalization or privatization of any assets or operations; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CLH’s ability to satisfy its debt obligations and CEMEX, S.A.B. de C.V.’s (“CEMEX”) ability to satisfy CEMEX’s obligations under its material debt agreements, the indentures that govern CEMEX’s senior secured notes and CEMEX’s other debt instruments; expected refinancing of CEMEX’s existing indebtedness; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; CEMEX’s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CLH’s cost-reduction initiatives and implement CLH’s pricing initiatives for CLH’s products; the increasing reliance on information technology infrastructure for CLH’s operations, sales in general, sales invoicing, procurement, financial statements and other processes that can adversely affect operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subject to cyber- attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the impact of pandemics, epidemics or outbreaks of infectious diseases and the response of governments and other third parties, including with respect to COVID-19, which have affected and may continue to adversely affect, among other matters, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as availability of, and demand for, our products and services; weather conditions, including but not limited to, excessive rain and snow, and disasters such as earthquakes and floods; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); and the other risks and uncertainties described in CLH’s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CLH’s business. The information contained in these presentations is subject to change without notice, and CLH is not obligated to publicly update or revise forward-looking statements. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to CLH’s prices for CLH’s 31 products.

RESULTS 2Q20 J u l y 2 7 , 2 0 2 0RESULTS 2Q20 J u l y 2 7 , 2 0 2 0

||Contact Information Investor Relations Stock Information Pablo Gutiérrez, CFA Colombian Stock Exchange Phone: +57(1) 603-9051 CLH E-mail: pabloantonio.gutierrez@cemex.com Juan Camilo Álvarez Phone: +57(1) 603-9909 E-mail: juancamilo.alvarez@cemex.com 33||Contact Information Investor Relations Stock Information Pablo Gutiérrez, CFA Colombian Stock Exchange Phone: +57(1) 603-9051 CLH E-mail: pabloantonio.gutierrez@cemex.com Juan Camilo Álvarez Phone: +57(1) 603-9909 E-mail: juancamilo.alvarez@cemex.com 33