Holcim : Integrated Annual Report 2021 Summary - English

2021 INTEGRATED ANNUAL REPORT

BECOMING THE GLOBAL LEADER IN INNOVATIVE AND SUSTAINABLE BUILDING SOLUTIONS

With our record 2021 performance we delivered what we promised under "Strategy 2022 - Building for Growth" one year in advance. With "Strategy 2025 - Accelerating Green Growth," we have begun our journey to become the global leader in innovative and sustainable building solutions and reach net zero by 2050.

Cover image: Amazon's iconic headquarters in Seattle, where ECOPlanet delivered an 80% CO₂ reduction

STRATEGIC REVIEW	GOVERNANCE	MD&A	FINANCIAL INFORMATION

BUILDING A

GREENER WORLD

34-45

Leading the way in green building solutions

DELIVERING WHAT

WE PROMISED

48-53

Strong foundations for our next era of growth

EXPANDING

POSSIBILITIES

56-71

Expanding Solutions & Products and innovation

CONTENTS

STRATEGIC REVIEW
2021 RECORD FINANCIAL PERFORMANCE	6
CHAIRMAN'S STATEMENT	8
CEO'S Q&A	10
KEY ACHIEVEMENTS IN 2021	12
MEGATRENDS AND OPPORTUNITIES	14
STRATEGY 2025	16
SUSTAINABILITY	20
OUR BUSINESS SEGMENTS	22
MEET THE LEADERSHIP TEAM	24
BUSINESS MODEL	26
MATERIAL PRIORITIES	28
OUR GLOBAL PRESENCE	30
BUILDING A GREENER WORLD
DECARBONIZING THE BUILT ENVIRONMENT	34
FOUR LEVERS TO GREEN AND CIRCULAR
CONSTRUCTION	36
UNDERSTANDING OUR CO₂ FOOTPRINT	40
NATURE	42
PEOPLE	44
DELIVERING WHAT WE PROMISED
A NEW LEVEL OF STRENGTH	48
LEADING CEMENT'S
GREEN TRANSFORMATION	50
ATTRACTIVE BUSINESS FUNDAMENTALS	51
THE GREEN CONCRETE COMPANY	52
EXPANDING POSSIBILITIES
SEIZING THE OPPORTUNITIES AHEAD	56
EXPANDING SOLUTIONS & PRODUCTS	58
THE FUTURE OF BUILDING	60
EMPOWERING OUR PEOPLE	66
HEALTH, SAFETY AND ENVIRONMENT	68
THE HOLCIM FOUNDATION	70
SUMMARY FINANCIAL INFORMATION
CAPITAL MARKET INFORMATION	74
CONSOLIDATED STATEMENTS	78

HOLCIMIntegrated Annual Report 2021

1

Strategy 2025 is off to a fast start. We're acquiring market leaders in the US, France and beyond to strengthen our footprint in the most attractive construction segments, from roofing systems to insulation and renovation.

MALARKEY ROOFING PRODUCTS

In December 2021 we agreed to acquire Malarkey Roofing Products, a leader in the US residential roofing market. With projected 2022 net sales of USD 600 million, Malarkey offers a track record of double-digit growth in the highly profitable USD 19 billion US residential roofing market.

2	HOLCIMIntegrated Annual Report 2021

STRATEGIC REVIEW	GOVERNANCE	MD&A	FINANCIAL INFORMATION

EXPANDING SOLUTIONS & PRODUCTS

PRB GROUP

In January 2022 we entered into an agreement to acquire PRB Group, France's biggest independent manufacturer of specialty building solutions with estimated 2022 net sales of EUR 340 million. PRB Group offers a broad range of high performance building solutions, from coatings and insulations to adhesives and flooring systems with advanced energy-efficiency and renovation solutions.

HOLCIMIntegrated Annual Report 2021

3