THE STRENGTH OF HOLCIM: 

Why invest in us?

 

Holcim’s industry-leading earnings profile and record results position it to capitalize on growing demand and create stakeholder value.

ATTRACTIVE MARKETS 

Accelerating growth in mature markets with our range of advanced building solutions.

78 %

Holcim’s net sales in mature markets1

HIGH-VALUE SOLUTIONS 

Our portfolio of innovative and sustainable building solutions is driving profitable growth.

21 %

Group net sales from Solutions & Products in 2023

SHAREHOLDER VALUE

We deliver above-market returns and shareholder value with profitable growth.

61 %

Average dividend payout ratio over the past six years

SUPERIOR EARNINGS PROFILE

We have the strongest earnings profile in our sector with industry-leading margins and Free Cash Flow generation.

3.7 BN

CHF generated in Free Cash Flow after leases in 2023

LEADER IN SUSTAINABILITY

With sustainability at the core of our strategy, we offer advanced low-carbon, circular and energy-efficient solutions for a net-zero future.

20 %

Reduction in CO2/net sales2

EMPOWERED LEADERSHIP 

Holcim’s superior performance is driven by empowered leadership with a strong performance culture.

500 +

P&L leaders empowered to deliver our targets

1 Mature markets comprise North America, Europe and Oceania (Australia & New Zealand)

2 2023 Scope 1 + Scope 2 CO2 emissions per million of net sales compared to 2022

ATTRACTIVE MARKETS

Accelerating growth in mature markets with our range of advanced building solutions.

  • 39 percent of Group net sales in North America. With leading positions in all business lines, we are capitalizing on strong construction spend and infrastructure investments. 
     
  • 34 percent of net sales in Europe, with leadership in decarbonization and circularity driving profitable growth. Shifting from volume to value with our strong brands.
     
  • 11 percent of net sales in Latin America, an emerging market with high margins and strong cash generation, with strong performance led by Mexico. 
     
  • 16 percent of net sales in Asia, Middle East & Africa. A focus on value, performance and margins for profitable growth; strong results led by Australia.
NET SALES BY MARKET

78 %

Holcim’s net sales in mature markets3

3 Mature markets comprise North America, Europe and Oceania (Australia & New Zealand)

HIGH-VALUE SOLUTIONS

Our portfolio of innovative and sustainable building solutions is driving profitable growth.

  • Shifting from volume to value, we offer our customers innovative and sustainable building solutions, with multi-billion CHF brands from ECOPact and ECOPlanet, to Elevate and ECOCycle®.
     
  • Solutions & Products is a leader in advanced roofing systems in North America, and has expanded its European footprint in precast, mortars and adhesives – with recent acquisitions including PRB Group. In Latin America, the segment is advancing its ambition with key acquisitions in roofing and waterproofing.
     
  • Using Holcim’s R&D engine we drive cutting-edge innovation for customers, from 3D printing to ultra-high strength concrete.
NET SALES BY PRODUCT PORTFOLIO

21 %

Group net sales from Solutions & Products in 2023

SHAREHOLDER VALUE

We deliver above-market returns and shareholder value with profitable growth, industry-leading margins and strong cash flow.

  • Strong Return on Invested Capital (ROIC) of 10.6 percent with 4.1 percentage points improvement since 2018.
     
  • Sharpened geographic footprint in most attractive mature markets, led by superior returns, growth and leading technology and sustainability.
     
  • Strong shareholder returns: CHF 8.8 billion cash returned to shareholders since 2018.

61 %

Average dividend payout ratio over the past six years

SUPERIOR EARNINGS PROFILE

We have the strongest earnings profile in our sector with industry-leading margins and Free Cash Flow generation.

  • This is driven by our value over volume strategy, Holcim’s innovative sustainable solutions and our leadership in advanced roofing systems. 
     
  • Average growth of +0.8pp per annum in Group Recurring EBIT margin since 2018, with overproportional growth in organic Recurring EBIT as part of our Strategy 2025. 
     
  • For the fifth consecutive year, Holcim generated more than CHF 3 billion of Free Cash Flow (FCF) after leases4, reaching an industry-leading FCF margin of >12 percent. 
     
  • Record FCF after leases of CHF 3.7 billion in 2023.

4 Before resolution with U.S. Department of Justice (DOJ)

FREE CASH FLOW AFTER LEASES AND CASH CONVERSION

3.7 BN

CHF generated in Free Cash Flow after leases in 2023

LEADER IN SUSTAINABILITY

With sustainability at the core of our strategy, we offer advanced low-carbon, circular and energy-efficient solutions for a net-zero future.

  • Holcim’s net-zero targets are validated by the Science Based Targets initiative (SBTi) for all scopes. In Europe, we have the industry’s most ambitious CO2 reduction targets. 
     
  • Our innovative, sustainable solutions are now multi-billion brands delivering premium margins. 
     
  • We are decarbonizing our operations. With six full-scale CCUS projects across Europe selected for grants from the EU Innovation Fund, we aim to capture five million tons of CO2 each year by 2030 and offer eight million tons of fully decarbonized cement per annum.
CO2/NET SALES

20 %

Reduction in CO2/net sales5

 5 2023 Scope 1 + Scope 2 CO2 emissions per million of net sales compared to 2022

EMPOWERED LEADERSHIP

Holcim’s superior performance is driven by empowered leadership with a strong performance culture.

  • Deeply embedded performance culture with more than 500 profit and loss (P&L) leaders empowered for customer-centric decision-making. 
     
  • Transparent and accountable performance management with a focus on Group targets. 
     
  • Embedded disciplined and value-focused acquisition framework, from valuation and due diligence to transaction closing, integration and synergies delivery. 
     
  • World-class Gallup employee survey results with 90 percent participation rate. 
     
  • Well-established Business School, from early career to leadership development, with 85 percent internal promotion rate.

500 +

P&L leaders empowered to deliver our targets