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building a STRONGER foundation - Cemex

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Year Ended December 31, 2010 Compared to Year Ended December 31, 2009<br />

Summarized in the table below are the percentage (%) increases (+) and decreases (-) for the year ended December 31, 2010<br />

compared to the year ended December 31, 2009 in our domestic cement and ready-mix concrete sales volumes as well as export sales<br />

volumes of cement and domestic cement and ready-mix concrete average prices for each of our geographic segments.<br />

The financial information in the table below does not include volume and price data of our operations in Australia which were<br />

sold on October 1, 2009.<br />

Geographic Segment Cement<br />

87<br />

Domestic Sales<br />

Volumes<br />

Export Sales<br />

Volumes<br />

Ready-Mix<br />

Concrete Cement Cement<br />

Average Domestic Prices in<br />

Local Currency(1)<br />

Ready-Mix<br />

Concrete<br />

North America<br />

Mexico .......................................................................................... -4% -4% +6% Flat +3%<br />

United States(2)(3) ........................................................................ Flat -7% — -8% -11%<br />

Europe ...........................................................................................<br />

Spain.............................................................................................. -22% -20% +80% -7% -9%<br />

United Kingdom............................................................................ +1% -3% — -4% -3%<br />

Germany........................................................................................ -2% -10% — -1% -1%<br />

France............................................................................................ N/A +1% — N/A -1%<br />

Rest of Europe(4) .......................................................................... -3% -7% — -1% -2%<br />

South/Central America and the Caribbean<br />

Colombia....................................................................................... +5% +1% 100% -6% -8%<br />

Rest of South/Central America and the Caribbean(5) ................... -8% -5% — +3% -5%<br />

Africa and the Middle East<br />

Egypt ............................................................................................. +2% +11% — +5% -3%<br />

Rest of Africa and the Middle East(6)........................................... -35% -6% — -29% -7%<br />

Asia<br />

Philippines..................................................................................... +8% — -55% +2% —<br />

Rest of Asia(7) .............................................................................. +13% -2% — +1% +7%<br />

N/A = Not Applicable<br />

(1) Represents the average change in domestic cement and ready-mix concrete prices in local currency terms. For purposes of a<br />

geographic segment consisting of a region, the average prices in local currency terms for each individual country within the<br />

region are first translated into Dollar terms (except for the Rest of Europe region, which is translated first into Euros) at the<br />

exchange rates in effect as of the end of the reporting period. Variations for a region represent the weighted average change of<br />

prices in Dollar terms (except for the Rest of Europe region, which represent the weighted average change of prices in Euros)<br />

based on total sales volumes in the region.<br />

(2) On June 15, 2009, we sold three quarries (located in Nebraska, Wyoming and Utah) and our 49% joint venture interest in the<br />

operations of a quarry located in Granite Canyon, Wyoming.<br />

(3) On August 27, 2010, we sold seven aggregates quarries, three resale aggregate distribution centers and one concrete block<br />

manufacturing facility all located in Kentucky.<br />

(4) Our Rest of Europe segment includes our operations in Croatia, Poland, Latvia, the Czech Republic, Ireland, Austria, Hungary,<br />

Finland, Norway and Sweden, as well as our other European assets.<br />

(5) Our Rest of South/Central America and the Caribbean segment includes our operations in Costa Rica, Panama, the Dominican<br />

Republic, Nicaragua, Puerto Rico, Jamaica and Argentina and our trading activities in the Caribbean.<br />

(6) Our Rest of Africa and the Middle East segment includes our operations in the UAE and Israel.<br />

(7) Our Rest of Asia segment includes our operations in Malaysia, Thailand, Bangladesh, China and other assets in the Asia region.<br />

On a consolidated basis, our cement sales volumes increased approximately 1%, from 65.1 million tons in 2009 to 65.6 million<br />

tons in 2010, and our ready-mix concrete sales volumes decreased approximately 5%, from 54 million cubic meters in 2009 to<br />

51 million cubic meters in 2010. Our net sales decreased approximately 10%, from Ps197.8 billion in 2009 to Ps178.2 billion in 2010,<br />

and our operating income decreased approximately 32%, from Ps15.8 billion in 2009 to Ps10.8 billion in 2010.

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