EX-99.3 4 d73293dex993.htm PRESENTATION REGARDING THIRD QUARTER 2020 RESULTS FOR CEMEX LATAM HOLDINGS, S.A.

Exhibit 3 RESULTS 3Q20 O c t o b e r 2 8 , 2 0 2 0Exhibit 3 RESULTS 3Q20 O c t o b e r 2 8 , 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 3Q20 ✓ Relatively normal operations during the quarter in Colombia, Guatemala, Nicaragua and El Salvador, while restrictions impacted in Panama and to a lesser degree in Costa Rica ✓ Quarterly EBITDA up 19% on a like-to-like basis; EBITDA margin up 5.5pp reaching the highest level since 4Q17 ✓ Our cost savings program reached US$39 million YTD September, expect to reach a total of US$46 million during 2020 ✓ Our alternative fuel substitution rate reached 23% vs. 14% in 3Q19 ✓ Reduced net debt by US$48 million and our leverage ratio by 0.4x to 3.7x, from June to September ✓ Net loss of US$109 million during the quarter, due to a non-cash impairment of goodwill and idle assets ✓ The programs to support our customers, such as our safety protocols, CEMEX Go and “CEMEX Te Acompaña”, continue to pay off as our Net-Promoter-Score reached 66 points during the quarter, 9 points higher on a year-over-year basis 3||Key messages 3Q20 ✓ Relatively normal operations during the quarter in Colombia, Guatemala, Nicaragua and El Salvador, while restrictions impacted in Panama and to a lesser degree in Costa Rica ✓ Quarterly EBITDA up 19% on a like-to-like basis; EBITDA margin up 5.5pp reaching the highest level since 4Q17 ✓ Our cost savings program reached US$39 million YTD September, expect to reach a total of US$46 million during 2020 ✓ Our alternative fuel substitution rate reached 23% vs. 14% in 3Q19 ✓ Reduced net debt by US$48 million and our leverage ratio by 0.4x to 3.7x, from June to September ✓ Net loss of US$109 million during the quarter, due to a non-cash impairment of goodwill and idle assets ✓ The programs to support our customers, such as our safety protocols, CEMEX Go and “CEMEX Te Acompaña”, continue to pay off as our Net-Promoter-Score reached 66 points during the quarter, 9 points higher on a year-over-year basis 3

||Financial Results Summary Net Sales Operating EBITDA Margin EBITDA (US$M) (US$M) (%) -18% LtL -9% LtL -24% -14% 2.6pp -8% LtL 19% LtL -15% 10% 5.5pp 9M19 9M20 3Q19 3Q20 9M19 9M20 9M19 9M20 3Q19 3Q20 3Q19 3Q20 4 752 571 245 209 146 126 46 51 19.4% 22.0% 18.7% 24.2%||Financial Results Summary Net Sales Operating EBITDA Margin EBITDA (US$M) (US$M) (%) -18% LtL -9% LtL -24% -14% 2.6pp -8% LtL 19% LtL -15% 10% 5.5pp 9M19 9M20 3Q19 3Q20 9M19 9M20 9M19 9M20 3Q19 3Q20 3Q19 3Q20 4 752 571 245 209 146 126 46 51 19.4% 22.0% 18.7% 24.2%

||Consolidated Volumes andPrices 9M20 vs. 3Q20 vs. 3Q20 vs. 9M19 3Q19 2Q20 Our cement volumes during 3Q20 declined by 7% YoY and improved by Volume -17% -7% 41% 41% QoQ; the improvement QoQ Domestic gray Price (USD) -4% -4% -5% was mainly driven by Colombia cement Price (LtL ) 3% 3% -4% 1 Volume -36% -23% 97% Quarterly cement prices up 3% YoY, Ready-mix while down 4% QoQ, on a like-to-like Price (USD) -12% -13% -4% concrete basis. Although QoQ prices improved -2% -5% -5% Price (LtL ) 1 in Colombia, Costa Rica and Nicaragua, the decline is due to a Volume -45% -35% 88% higher share of volumes from Aggregates Price (USD) -4% -8% 3% Colombia, which has the lowest cement prices in the portfolio Price (LtL ) 6% 2% 2% 1 5 (1) Like-to-like adjusted for foreign-exchange fluctuations||Consolidated Volumes andPrices 9M20 vs. 3Q20 vs. 3Q20 vs. 9M19 3Q19 2Q20 Our cement volumes during 3Q20 declined by 7% YoY and improved by Volume -17% -7% 41% 41% QoQ; the improvement QoQ Domestic gray Price (USD) -4% -4% -5% was mainly driven by Colombia cement Price (LtL ) 3% 3% -4% 1 Volume -36% -23% 97% Quarterly cement prices up 3% YoY, Ready-mix while down 4% QoQ, on a like-to-like Price (USD) -12% -13% -4% concrete basis. Although QoQ prices improved -2% -5% -5% Price (LtL ) 1 in Colombia, Costa Rica and Nicaragua, the decline is due to a Volume -45% -35% 88% higher share of volumes from Aggregates Price (USD) -4% -8% 3% Colombia, which has the lowest cement prices in the portfolio Price (LtL ) 6% 2% 2% 1 5 (1) Like-to-like adjusted for foreign-exchange fluctuations

||EBITDA Variation 9M20 -9% -14% 146 -70 7 25 30 -5 133 -8 126 EBITDA Vol Price Operating Dist SG&A EBITDA FX EBITDA 9M19 Costs 9M20 9M20 LtL 1 19.4% 22.0% +2.6pp EBITDA EBITDA Margin 9M19 Margin 9M20 6 (1) Like-to-like adjusted for foreign-exchange fluctuations||EBITDA Variation 9M20 -9% -14% 146 -70 7 25 30 -5 133 -8 126 EBITDA Vol Price Operating Dist SG&A EBITDA FX EBITDA 9M19 Costs 9M20 9M20 LtL 1 19.4% 22.0% +2.6pp EBITDA EBITDA Margin 9M19 Margin 9M20 6 (1) Like-to-like adjusted for foreign-exchange fluctuations

REGIONAL HIGHLIGHTS 3 Q 2 0 R e s u l t sREGIONAL HIGHLIGHTS 3 Q 2 0 R e s u l t s

Results Highlights ColombiaResults Highlights Colombia

||Colombia –Results Highlights Var % Var % Industry cement volumes reached 9M20 Var % 3Q20 Var % LtL LtL 1 1 nearly 2019 levels in 3Q20. Our 284 -25% -14% 115 -9% 1% Net Sales cement volumes up 66% QoQ and Financial down 6% YoY, reflecting a new Op. EBITDA 57 -4% 8% 28 42% 59% Summary US$ Million competitor and an impact from our as % net 19.9% 4.2pp 24.6% 8.9pp sales price increase 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 Our quarterly cement prices were the -20% -6% 66% Cement highest since 2016; up 2% QoQ and Volume 8% YoY. Implemented a price -30% -12% 118% Ready-mix increase in July. Industry prices are at Aggregates -33% -13% 128% historically low levels in U.S. dollars 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 EBITDA during the quarter improved 9% 8% 2% Cement 59% on a like-to-like basis, driven by Price (Local Currency) Ready-mix 3% 2% -1% increased prices, our cost management efforts and lower 0% -5% -4% Aggregates maintenance costs 9 (1) Like-to-like adjusted for foreign-exchange fluctuations||Colombia –Results Highlights Var % Var % Industry cement volumes reached 9M20 Var % 3Q20 Var % LtL LtL 1 1 nearly 2019 levels in 3Q20. Our 284 -25% -14% 115 -9% 1% Net Sales cement volumes up 66% QoQ and Financial down 6% YoY, reflecting a new Op. EBITDA 57 -4% 8% 28 42% 59% Summary US$ Million competitor and an impact from our as % net 19.9% 4.2pp 24.6% 8.9pp sales price increase 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 Our quarterly cement prices were the -20% -6% 66% Cement highest since 2016; up 2% QoQ and Volume 8% YoY. Implemented a price -30% -12% 118% Ready-mix increase in July. Industry prices are at Aggregates -33% -13% 128% historically low levels in U.S. dollars 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 EBITDA during the quarter improved 9% 8% 2% Cement 59% on a like-to-like basis, driven by Price (Local Currency) Ready-mix 3% 2% -1% increased prices, our cost management efforts and lower 0% -5% -4% Aggregates maintenance costs 9 (1) Like-to-like adjusted for foreign-exchange fluctuations

|| Colombia –Infrastructure Sector 4G projects continued at good pace. YTD September, we have delivered— in cement and/or ready-mix—the equivalent of more than 420,000 3 ready-mix m In Bogotá, already awarded projects should start soon, such as 3 hospitals, extensions of the “Transmilenio” BRT system and a water-treatment plant. The Metro and “Regiotram” should start cement consumption in 4Q21 For 2021, the investment budget for transportation is 36% higher YoY. Also, cement consumption from 4G projects should peak and some projects of the 5G program could start 10|| Colombia –Infrastructure Sector 4G projects continued at good pace. YTD September, we have delivered— in cement and/or ready-mix—the equivalent of more than 420,000 3 ready-mix m In Bogotá, already awarded projects should start soon, such as 3 hospitals, extensions of the “Transmilenio” BRT system and a water-treatment plant. The Metro and “Regiotram” should start cement consumption in 4Q21 For 2021, the investment budget for transportation is 36% higher YoY. Also, cement consumption from 4G projects should peak and some projects of the 5G program could start 10

|| Colombia –Housing and Industrial & Commercial Sectors Cement demand from the self- construction sector recovered in June and this trend continued during 3Q20 Housing sales recovered in 3Q20 increasing 2.8% YoY, according to CAMACOL, however, housing starts were down in the mid-teens In the industrial-and-commercial sector, trends such as telework, restricted travel and online shopping could reduce cement demand. However, it is encouraging that the industrial and commercial confidence indexes reached near pre-pandemic levels in September 11|| Colombia –Housing and Industrial & Commercial Sectors Cement demand from the self- construction sector recovered in June and this trend continued during 3Q20 Housing sales recovered in 3Q20 increasing 2.8% YoY, according to CAMACOL, however, housing starts were down in the mid-teens In the industrial-and-commercial sector, trends such as telework, restricted travel and online shopping could reduce cement demand. However, it is encouraging that the industrial and commercial confidence indexes reached near pre-pandemic levels in September 11

Results Highlights PanamaResults Highlights Panama

||Panama –Results Highlights Var % Var % COVID-19 restrictions on formal 9M20 Var % 3Q20 Var % LtL LtL 1 1 construction activity eased in mid- 58 -60% -60% 16 -64% -64% Net Sales September; our cement volumes Financial Op. EBITDA were impacted by these measures 8 -78% -78% 1 -89% -89% Summary US$ Million and a new competitor as % net 14.6% (12.2pp) 9.0% (21.7pp) sales Despite the government permitting 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 certain infrastructure projects to restart -60% -63% 187% Cement in June, we observed low levels of Volume -74% -87% 1702% Ready-mix activity in this sector during 3Q20 Aggregates -69% -82% 373% Our EBITDA was positive US$1 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 million during the quarter supported -6% -5% -1% Cement by strict cost-containment measures, Price despite the extraordinary low level of Ready-mix -6% -1% -15% sales and a US$1.3 million kiln -8% -19% -6% Aggregates maintenance expense 13 (1) Like-to-like adjusted for foreign-exchange fluctuations||Panama –Results Highlights Var % Var % COVID-19 restrictions on formal 9M20 Var % 3Q20 Var % LtL LtL 1 1 construction activity eased in mid- 58 -60% -60% 16 -64% -64% Net Sales September; our cement volumes Financial Op. EBITDA were impacted by these measures 8 -78% -78% 1 -89% -89% Summary US$ Million and a new competitor as % net 14.6% (12.2pp) 9.0% (21.7pp) sales Despite the government permitting 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 certain infrastructure projects to restart -60% -63% 187% Cement in June, we observed low levels of Volume -74% -87% 1702% Ready-mix activity in this sector during 3Q20 Aggregates -69% -82% 373% Our EBITDA was positive US$1 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 million during the quarter supported -6% -5% -1% Cement by strict cost-containment measures, Price despite the extraordinary low level of Ready-mix -6% -1% -15% sales and a US$1.3 million kiln -8% -19% -6% Aggregates maintenance expense 13 (1) Like-to-like adjusted for foreign-exchange fluctuations

|| Panama – Highlights Going forward, the lifting of COVID-19 restrictions should support cement consumption compared with the low levels of 2Q20 and 3Q20; however, visibility remains low Among the projects that should provide volume support in coming months are: City Gardens residential project, the “Panamamericana” highway extension, the Metro line 2 extension, the “Gamboa” water treatment plant and the “Via Transistmica” highway 14|| Panama – Highlights Going forward, the lifting of COVID-19 restrictions should support cement consumption compared with the low levels of 2Q20 and 3Q20; however, visibility remains low Among the projects that should provide volume support in coming months are: City Gardens residential project, the “Panamamericana” highway extension, the Metro line 2 extension, the “Gamboa” water treatment plant and the “Via Transistmica” highway 14

Results Highlights Costa RicaResults Highlights Costa Rica

||Costa Rica –Results Highlights Var % Var % Our cement volumes declined 21% 9M20 Var % 3Q20 Var % LtL LtL 1 1 during the quarter; COVID-19 67 -17% -18% 21 -15% -12% Net Sales restrictions in July for 9 days impacted Financial industry cement volumes mainly in Op. EBITDA 22 -9% -10% 7 49% 54% Summary US$ Million the metro area as % net 32.4% 2.8pp 34.3% 14.7pp sales Our quarterly prices in local-currency 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 terms improved 2% QoQ; we -13% -21% -7% Cement implemented a ~4% price increase for Volume -21% -17% -8% Ready-mix bagged cement effective on June Aggregates -70% -79% -57% EBITDA margin during the quarter up 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 14.7pp YoY; significant improvement -6% -1% 2% Cement driven by lower fixed and variable Price costs, despite lower sales. No kiln (Local Currency) Ready-mix -9% -5% -1% maintenances during 3Q20, while 102% 179% 72% Aggregates US$2.9M spent during 3Q19 16 (1) Like-to-like adjusted for foreign-exchange fluctuations||Costa Rica –Results Highlights Var % Var % Our cement volumes declined 21% 9M20 Var % 3Q20 Var % LtL LtL 1 1 during the quarter; COVID-19 67 -17% -18% 21 -15% -12% Net Sales restrictions in July for 9 days impacted Financial industry cement volumes mainly in Op. EBITDA 22 -9% -10% 7 49% 54% Summary US$ Million the metro area as % net 32.4% 2.8pp 34.3% 14.7pp sales Our quarterly prices in local-currency 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 terms improved 2% QoQ; we -13% -21% -7% Cement implemented a ~4% price increase for Volume -21% -17% -8% Ready-mix bagged cement effective on June Aggregates -70% -79% -57% EBITDA margin during the quarter up 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 14.7pp YoY; significant improvement -6% -1% 2% Cement driven by lower fixed and variable Price costs, despite lower sales. No kiln (Local Currency) Ready-mix -9% -5% -1% maintenances during 3Q20, while 102% 179% 72% Aggregates US$2.9M spent during 3Q19 16 (1) Like-to-like adjusted for foreign-exchange fluctuations

|| Costa Rica –Highlights Visibility for cement demand remains limited because of the COVID-19 impact in the economy, as well as the social unrest triggered by potential government policies directed to weather the economic crisis In the infrastructure sector, ongoing projects as well as upcoming projects such as the “Taras-La Lima” overpass and the Limonal-Barranca highway, should support industry cement volumes in coming months 17|| Costa Rica –Highlights Visibility for cement demand remains limited because of the COVID-19 impact in the economy, as well as the social unrest triggered by potential government policies directed to weather the economic crisis In the infrastructure sector, ongoing projects as well as upcoming projects such as the “Taras-La Lima” overpass and the Limonal-Barranca highway, should support industry cement volumes in coming months 17

Results Highlights Rest of CLHResults Highlights Rest of CLH

||Rest of CLH –Results Highlights Var % Var % Cement volumes improved by 25% 9M20 Var % 3Q20 Var % LtL LtL 1 1 during the quarter reaching the 174 6% 7% 60 18% 19% Net Sales highest level since 3Q16; volumes up Financial in all countries of Rest of CLH Op. EBITDA 58 25% 27% 21 50% 52% Summary US$ Million as % net 33.5% 5.2pp 34.5% 7.4pp sales Our quarterly cement prices on a sequential basis declined by 1%, 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 mainly due to an unfavorable product 11% 25% 8% Cement and customer mix in Guatemala Volume -17% -30% -15% Ready-mix Aggregates -38% -54% -3% EBITDA margin up 7.4pp during quarter driven by: lower clinker costs, 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 increased volumes and lower corporate expenses in Guatemala; -2% -2% -1% Cement Price and, increased volumes and lower (LtL ) Ready-mix 2% 1% 1% 1 SG&A in Nicaragua, despite a 5% -12% -6% Aggregates US$1.4 million maintenance in 3Q20 19 (1) Like-to-like adjusted for foreign-exchange fluctuations||Rest of CLH –Results Highlights Var % Var % Cement volumes improved by 25% 9M20 Var % 3Q20 Var % LtL LtL 1 1 during the quarter reaching the 174 6% 7% 60 18% 19% Net Sales highest level since 3Q16; volumes up Financial in all countries of Rest of CLH Op. EBITDA 58 25% 27% 21 50% 52% Summary US$ Million as % net 33.5% 5.2pp 34.5% 7.4pp sales Our quarterly cement prices on a sequential basis declined by 1%, 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 mainly due to an unfavorable product 11% 25% 8% Cement and customer mix in Guatemala Volume -17% -30% -15% Ready-mix Aggregates -38% -54% -3% EBITDA margin up 7.4pp during quarter driven by: lower clinker costs, 9M20 vs. 9M19 3Q20 vs. 3Q19 3Q20 vs. 2Q20 increased volumes and lower corporate expenses in Guatemala; -2% -2% -1% Cement Price and, increased volumes and lower (LtL ) Ready-mix 2% 1% 1% 1 SG&A in Nicaragua, despite a 5% -12% -6% Aggregates US$1.4 million maintenance in 3Q20 19 (1) Like-to-like adjusted for foreign-exchange fluctuations

|| Guatemala – Highlights Our cement volumes improved during the quarter driven by the self- construction sector—a segment in which we have a higher relative presence—and by tighter controls in the northern border which restrained flows of illegal cement imports Remittances increased 10% from June to August YoY. We are cautiously optimistic in Guatemala’s economy and cement consumption 20|| Guatemala – Highlights Our cement volumes improved during the quarter driven by the self- construction sector—a segment in which we have a higher relative presence—and by tighter controls in the northern border which restrained flows of illegal cement imports Remittances increased 10% from June to August YoY. We are cautiously optimistic in Guatemala’s economy and cement consumption 20

|| Nicaragua –Highlights Our cement volumes increased during the quarter, driven by the self- construction sector, as well as by government-sponsored projects such as a hospital, highways, and a social- housing complex We are cautiously optimistic on Nicaragua’s cement consumption for coming months. However, social and political risk might increase as we get near the presidential elections in November 2021 21|| Nicaragua –Highlights Our cement volumes increased during the quarter, driven by the self- construction sector, as well as by government-sponsored projects such as a hospital, highways, and a social- housing complex We are cautiously optimistic on Nicaragua’s cement consumption for coming months. However, social and political risk might increase as we get near the presidential elections in November 2021 21

OTHER INFORMATION 3 Q 2 0 R e s u l t sOTHER INFORMATION 3 Q 2 0 R e s u l t s

||Free Cash Flow generation US$ Million Free cash flow reached US$39 million 9M20 9M19 % var 3Q20 3Q19 % var during the quarter vs. US$12 million Op. EBITDA 126 146 -14% 51 46 10% Operating EBITDA during 3Q19; higher EBITDA, lower CAPEX and taxes, as well as a - Net financial expense 39 40 13 13 positive effect in working capital - Maintenance Capex 10 30 6 13 - Change in working cap 6 -9 -13 -4 CAPEX reduced to a minimum YTD; - Taxes paid -2 35 2 12 Working capital days during the quarter were negative 14 days - Other cash items (net) 5 -1 3 2 Free Cash Flow 68 52 31% 40 12 238% After Maintenance Capex - Strategic Capex 2 1 1 0 Received tax refunds in Colombia for ~US$3.7 million, benefiting the taxes 66 50 32% 39 12 228% Free Cash Flow paid line during the quarter 23||Free Cash Flow generation US$ Million Free cash flow reached US$39 million 9M20 9M19 % var 3Q20 3Q19 % var during the quarter vs. US$12 million Op. EBITDA 126 146 -14% 51 46 10% Operating EBITDA during 3Q19; higher EBITDA, lower CAPEX and taxes, as well as a - Net financial expense 39 40 13 13 positive effect in working capital - Maintenance Capex 10 30 6 13 - Change in working cap 6 -9 -13 -4 CAPEX reduced to a minimum YTD; - Taxes paid -2 35 2 12 Working capital days during the quarter were negative 14 days - Other cash items (net) 5 -1 3 2 Free Cash Flow 68 52 31% 40 12 238% After Maintenance Capex - Strategic Capex 2 1 1 0 Received tax refunds in Colombia for ~US$3.7 million, benefiting the taxes 66 50 32% 39 12 228% Free Cash Flow paid line during the quarter 23

||Income Statement US$ Million 9M20 9M19 % var 3Q20 3Q19 % var Net sales 571 752 -24% 209 245 -15% Net loss of US$109 million during the - Cost of sales 343 462 122 149 quarter mainly due to a negative Gross profit 229 290 -21% 87 96 -9% impact in Other expenses net, despite 160 203 56 68 higher Operating earnings before - Operating expenses other expenses Operating earnings (loss) before 69 87 -21% 32 27 15% other expenses, net - Other expenses, net 130 12 126 4 Operating earnings (loss) -61 75 n/a -94 23 n/a - Financial expenses 39 40 12 13 The Other expenses, net, line reflects 18 23 -3 17 - Other income (expenses), net the impairment of goodwill and idle Net income (loss) before income -118 13 -103 -6 taxes assets for a total of US$121 million - Income tax 11 5 7 -3 Consolidated net income (loss) -130 8 -110 -4 - Non-controlling interest net -1 0 -1 0 income -129 8 -109 -4 Controlling Interest Net Income (loss) n/a n/a 24||Income Statement US$ Million 9M20 9M19 % var 3Q20 3Q19 % var Net sales 571 752 -24% 209 245 -15% Net loss of US$109 million during the - Cost of sales 343 462 122 149 quarter mainly due to a negative Gross profit 229 290 -21% 87 96 -9% impact in Other expenses net, despite 160 203 56 68 higher Operating earnings before - Operating expenses other expenses Operating earnings (loss) before 69 87 -21% 32 27 15% other expenses, net - Other expenses, net 130 12 126 4 Operating earnings (loss) -61 75 n/a -94 23 n/a - Financial expenses 39 40 12 13 The Other expenses, net, line reflects 18 23 -3 17 - Other income (expenses), net the impairment of goodwill and idle Net income (loss) before income -118 13 -103 -6 taxes assets for a total of US$121 million - Income tax 11 5 7 -3 Consolidated net income (loss) -130 8 -110 -4 - Non-controlling interest net -1 0 -1 0 income -129 8 -109 -4 Controlling Interest Net Income (loss) n/a n/a 24

||Consolidated debt as of September 30, 2020 US$ Million 447 US$688 M total debt, US$30 M cash US$659 M net debt 3.7x Net Debt / LTM EBITDA 114 93 12 Reduced net debt by US$48 million 2020 2021 2022 2023 2024 and leverage ratio by 0.4x, from June Borrower Lender Currency Cost US$ M Maturity to September Local Banks COP CEMEX Colombia S.A. 8.12% 12 2020 1 4 Lomez International B.V USD Cementos Bayano S.A. 6ML + 360 bps 93 Dec -2022 3 1 Lomez International B.V USD CCL Fixed 5.65% 235 Feb-2023 3 2 Lomez International B.V USD CEMEX Latam Holdings S.A. Fixed 5.65% 212 Feb-2023 3 During the quarter we paid US$30 M CEMEX España S.A. USD CEMEX Colombia S.A. 6ML + 277 bps 114 Dec-2024 3 1 of the US$40 M of short-term bank Other debt (Leases) 22 financings obtained as a USD Average Cost / Total 4.97% 688 5 precautionary measure during April and May; paid the remaining US$10 (1) Subsidiary company of CEMEX Latam Holdings S.A. M in October (2) Refers to “Corporación Cementera Latinoamericana”. Subsidiary company of CEMEX Latam Holdings S.A. (3) Subsidiary company of CEMEX, S.A.B. de C.V. (4) Weighted Average Cost 25 (5) Weighted Average Cost of U.S. dollar denominated debt ||Consolidated debt as of September 30, 2020 US$ Million 447 US$688 M total debt, US$30 M cash US$659 M net debt 3.7x Net Debt / LTM EBITDA 114 93 12 Reduced net debt by US$48 million 2020 2021 2022 2023 2024 and leverage ratio by 0.4x, from June Borrower Lender Currency Cost US$ M Maturity to September Local Banks COP CEMEX Colombia S.A. 8.12% 12 2020 1 4 Lomez International B.V USD Cementos Bayano S.A. 6ML + 360 bps 93 Dec -2022 3 1 Lomez International B.V USD CCL Fixed 5.65% 235 Feb-2023 3 2 Lomez International B.V USD CEMEX Latam Holdings S.A. Fixed 5.65% 212 Feb-2023 3 During the quarter we paid US$30 M CEMEX España S.A. USD CEMEX Colombia S.A. 6ML + 277 bps 114 Dec-2024 3 1 of the US$40 M of short-term bank Other debt (Leases) 22 financings obtained as a USD Average Cost / Total 4.97% 688 5 precautionary measure during April and May; paid the remaining US$10 (1) Subsidiary company of CEMEX Latam Holdings S.A. M in October (2) Refers to “Corporación Cementera Latinoamericana”. Subsidiary company of CEMEX Latam Holdings S.A. (3) Subsidiary company of CEMEX, S.A.B. de C.V. (4) Weighted Average Cost 25 (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$30 M 26|| 2020 Guidance Total CAPEX US$25 M Maintenance US$20 M Strategic US$5 M Cash Taxes US$30 M 26

||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 27 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 27 products.

RESULTS 3Q20 O c t o b e r 2 8 , 2 0 2 0RESULTS 3Q20 O c t o b e r 2 8 , 2 0 2 0

||Contact Information Investor Relations Stock Information Pablo Gutiérrez, CFA Colombian Stock Exchange Phone: +57(1) 603-9051 Ticker: CLH E-mail: pabloantonio.gutierrez@cemex.com Juan Camilo Álvarez Phone: +57(1) 603-9909 E-mail: juancamilo.alvarez@cemex.com 29||Contact Information Investor Relations Stock Information Pablo Gutiérrez, CFA Colombian Stock Exchange Phone: +57(1) 603-9051 Ticker: CLH E-mail: pabloantonio.gutierrez@cemex.com Juan Camilo Álvarez Phone: +57(1) 603-9909 E-mail: juancamilo.alvarez@cemex.com 29