HeidelbergCement : Annual Financial Statements 2020

Report on the

ANNUAL FINANCIAL STATEMENTS 2020

of HeidelbergCement AG

HeidelbergCement AG - Financial highlights

Figures in €m	2019 1)	2020
Number of employees as at 31 December	2,128	2,160
Revenue
Cement	629	680
Rent / Services	177	192
Total revenue	806	872
Operating result	5	14
Profit / Loss of the financial year	35	-86
Dividend per share in €	0.60	2.20 2)
Investments in intangible and tangible fixed assets	127	76
Amortisation and depreciation	35	48
Intangible and tangible fixed assets	674	701
Financial fixed assets	23,123	22,541
Current assets	3,094	3,253
Prepaid expenses	33	27
Net defined benefit asset	5	0
Equity	12,385	12,180
Provisions	655	800
Liabilities	13,889	13,543
Deferred income	0	0
Balance sheet total	26,929	26,522
1) Values were adjusted.

2) The Managing Board and Supervisory Board will propose to the Annual General Meeting on 6 May 2021 the distribution of a cash dividend of €2.20.

HeidelbergCement AG | Annual financial statements 2020

Annual financial statements 2020 of HeidelbergCement AG

Income statement 5

Balance sheet 6

Statement of changes in fixed assets 8

Notes 10

Notes to the income statement 10

Notes to the balance sheet 14

Other information 20

Proposal for the appropriation of the balance sheet profit 32

Independent auditor's report

Responsibility statement

33 39

3

Income statement

In accordance with section 315 (5) of the German Commercial Code (HGB), the management report of HeidelbergCement AG has been combined with that of HeidelbergCement Group, as the business trend, economic position, and future opportu-nities and risks of the parent company are closely linked with the Group on account of their common activity in the building materials business.

The combined management report of HeidelbergCement Group and HeidelbergCement AG can be found in the Group's Annual Report 2020.

The list of shareholdings in accordance with section 285 no. 11 of the German Commercial Code (HGB) can also be found in the notes of the Group's Annual Report 2020

The annual financial statements and the combined management report of HeidelbergCement AG and the Group for the 2020 financial year will be published in the Federal Gazette.

Due to rounding, numbers presented in the annual financial statements may not add up precisely to the totals provided.

4