building a better future - Cemex

our products and services
2011 performance summary
(in millions of US dollars 1 , except per-ADS data)
Cement
The main ingredient in ready-mix concrete.
CEMEX offers a portfolio of high-quality branded
cement products, including Gray Ordinary
Portland Cement, White Portland Cement, Masonry
or Mortar, Oil-well Cement, and Blended
Cement.
Aggregates
Materials such as stone, sand, and gravel are
the primary ingredients in ready-mix concrete,
asphalt, and mortar.
Ready -mix concrete
Made from a mixture of cement, aggregates,
water, and admixtures, concrete is an extremely
durable building material that can be casted
into many different shapes.
Services
We are increasingly positioning our company as
a provider of value-added services to assist our
customers in identifying and addressing trends
that affect their industry and in maximizing the
sustainability attributes of our products. Among
these services are bioclimatic architecture and
engineering, modeling of energy performance
of buildings, LEED certification, and development
of customized sustainable building
solutions.
For more information about our company, brands, and
financial performance, please visit our corporate website
at www.cemex.com
Financial highlights 2010 2011 %
Net sales 14,069 15,139 8
Operating income 856 960 12
Operating EBITDA 2,314 2,332 1
Controlling interest net income (loss) (1,304) (1,533) (18)
Earnings (loss) per ADS 2 (1.30) (1.47) (13)
Free cash flow after maintenance
capital expenditures 512 386 (25)
Total assets 41,675 39,276 (6)
Total debt plus perpetual notes 17,729 18,067 2
Total controlling stockholders’ equity 15,710 13,683 (13)
1 For the reader´s convenience figures are presented in US dollars. For statements of operations accounts, these
figures result from translating the local currency amounts into US dollars at the average exchange rate for the year,
which approximates a convenience translation of the Mexican peso results for 2011 and 2010 using the average
exchange rates of the year of 12.48 MXN/US$ and 12.67 MXN/US$, respectively. For balance sheet accounts, US
dollar figures result from translating the local currency amounts into US dollars at the closing exchange rate for the
year, which approximates a convenience translation of the Mexican peso amounts at the end of each year using the
end-of-year exchange rate of 13.96 MXN/US$ and 12.36 MXN/US$, respectively.
2 Based on an average of 1,042.2 and 999.2 million American Depositary Shares (ADSs) for 2011 and 2010, respectively.
Direct economic impacts 2009 2010 2011
Customers: Net sales 1 14,544 14,069 15,139
Suppliers: Cost of sales and operating expenses 2 9,309 9,240 10,283
Employees and their families: Wages and benefits 3 2,605 2,516 2,524
Investments: CAPEX 4 plus working capital 862 601 485
Creditors: Net financial expense 914 1,118 1,278
Governments: Taxes 291 335 287
Communities: Donations 5 19 29 11
Communities donations as % of pre-tax income (5.57%) (3.02%) (0.85%)
Shareholders: Dividends 6 0 0 0
Others (261) (156) 34
Free cash flow 805 387 237
Net income (loss) before taxes (341) (946) (1,271)
1 Excludes sale of assets. 2 Excludes depreciation and amortization. 3 Wages reported in 2009 were non-operational
and operational employees. 4 Capital Expenditure for Maintenance and Expansion. 5 5.57% of loss before taxes. 6
Dividends paid in cash.
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