Ownership

Investor Date

BlackRock Institutional Trust Company, N.A. 12/31/2023

Impulsora del Fondo México, S.C. 9/30/2024
The Vanguard Group, Inc. 9/30/2024
Norges Bank Investment Management (NBIM) 6/30/2024
APG Asset Management N.V. 12/31/2023
BlackRock Mexico Operadora SA de CV SOFI 9/30/2024
BlackRock Advisors (UK) Limited 9/30/2024
Geode Capital Management, L.L.C. 8/31/2024
CPP Investment Board 3/31/2024
Charles Schwab Investment Management, Inc. 9/30/2024
Research Affiliates, LLC 3/31/2024
Dimensional Fund Advisors, L.P. 9/30/2024
DWS Investment GmbH 9/30/2024
State Street Global Advisors (US) 9/30/2024
Nuveen LLC 9/30/2024
California Public Employees' Retirement System 6/30/2023
Aviva Investors Global Services Limited 9/30/2024
Sura Investment Management México, S.A. de C.V. 9/30/2024
Z¿rcher Kantonalbank (Asset Management) 9/30/2024
State Street Global Advisors (UK) Ltd. 9/30/2024
Royal London Asset Management Ltd. 6/30/2024
UBS Fund Management (Switzerland) AG 9/30/2024
Caisse de Depot et Placement du Quebec 12/31/2023
Gestión Santander Mexico S.A. de C.V. 9/30/2024
Actinver S.A. de C.V. 9/30/2024
Operadora de Fondos Banorte Ixe S.A. de C.V. 9/30/2024
Northern Trust Global Investments Limited 8/31/2024
Operadora Inbursa de Sociedades de Inversión, S.A. de C.V. 9/30/2024
Goldman Sachs Asset Management, L.P. 9/30/2024
HSBC Global Asset Management (México), S. A. de C. V. 9/30/2024
BlackRock Investment Management (UK) Ltd. 8/31/2024
BlackRock Investment Management, LLC 6/30/2024
JP Morgan Asset Management 9/30/2024
DWS Investments UK Limited 9/30/2024
UBS Asset Management (Switzerland) 8/31/2024
Pictet Asset Management Ltd. 7/31/2024
GBM Administradora de Activos, SA de CV, Sociedad Operad 8/31/2024
British Columbia Investment Management Corp. 3/31/2023
Amundi Asset Management, SAS 9/30/2024
Amundi Japan Ltd. 8/31/2024
BTG Pactual Asset Management 1/31/2023
UBS Asset Management (UK) Ltd. 9/30/2024
Mercer Global Investments Management Ltd 3/31/2024
Legal & General Investment Management Ltd. 9/30/2024
SEB Investment Management AB 9/30/2024
M&G Investment Management Ltd. 7/31/2024
Skandia Operadora de Fondos, S.A. de C.V. 9/30/2024
Pichardo Asset Management, S.A. de C.V. 6/30/2024
Schroder Investment Management Ltd. (SIM) 6/30/2024
AllianceBernstein L.P. 9/30/2024
Franklin Templeton Institutional, LLC 9/30/2024
Operadora de Fondos GBM S.A.B. de C.V. 9/30/2024
HSBC Global Asset Management (UK) Limited 9/30/2024
BBVA Asset Management México, SA de CV 8/31/2024
Principal Global Investors (Equity) 9/30/2024
MFS Investment Management 9/30/2024
Mellon Investments Corporation 9/30/2024
Scotia Fondos, S.A. de C.V. 9/30/2024
Dimensional Fund Advisors, Ltd. 9/30/2024
Invesco Capital Management LLC 9/30/2024
Lazard Asset Management, L.L.C. 9/30/2024
Operadora de Fondos Finamex S.A. de C.V. 9/30/2024
BTG Pactual Asset Management US, LLC 12/31/2023
KLP Fondsforvaltning AS 9/30/2024
Más Fondos, S. A. de C. V., SOD de Acciones de Sociedades 8/31/2024
Franklin Advisers, Inc. 6/30/2024
ITAU USA Asset Management Inc. 8/31/2024
JPMorgan Asset Management U.K. Limited 9/30/2024
First Trust Advisors L.P. 8/31/2024
Vanguard Investments Australia Ltd. 8/31/2024
Ardevora Asset Management LLP 1/31/2024
Cardano Asset Management NV 8/31/2024
Principal Fondos de Inversión, S.A. de C.V. 9/30/2024
Northern Trust Investments, Inc. 9/30/2024
California State Teachers Retirement System 6/30/2023
UBS Asset Management Switzerland AG 8/31/2024
BTG Pactual WM Gestão de Recursos Ltda. 9/30/2024
Union Investment Privatfonds GmbH 6/30/2024
State Street Global Advisors Ireland Limited 9/30/2024
Fideuram Asset Management (Ireland) dac 9/30/2024
Finaccess México, S.A. de C.V. 9/30/2024
BNP Paribas Investment Partners SGR SpA 9/30/2024
Degroof Petercam Asset Management 6/30/2024
Eurizon Capital S.A. 9/30/2024
Anima SGR S.p.A. 3/31/2024
Vident Investment Advisory, LLC 9/30/2024
Parametric Portfolio Associates LLC 7/31/2024
Compass Investments de México, S.A. - Sociedad Operadora 9/30/2024
Artisan Partners Limited Partnership 9/30/2024
Vanguard Global Advisers LLC 9/30/2024
Handelsbanken Kapitalfrvaltning AB 9/30/2024
Operadora Valmex de Fondos de Inversión, S.A. de C.V. 9/30/2024
BI Asset Management Fondsmglerselskab A/S 12/31/2023
Credicorp Capital Asset Management S.A. Administradora Ge 6/30/2023
Wellington Management Company, LLP 8/31/2024
Fidelity International 8/31/2024
BNP Paribas Asset Management France SAS 8/31/2024
Desjardins Global Asset Management 12/31/2023
DWS International GmbH 6/30/2024
DFA Australia Ltd. 8/31/2024
No. of Shares Change

1,331,556,388 -148,600,284
580,154,117 114,558,021
450,032,022 1,312,300
211,923,552 -116,733,904
154,259,798 -17,163,778
123,522,350 6,175,206
110,189,847 2,816,742
104,827,608 1,737,913
53,121,000 24,706,000
52,657,587 3,105,362
43,495,192 -8,177,900
36,859,249 0
33,392,241 -17,940,174
31,926,944 28,031
30,247,456 0
27,399,307 -1,056,600
26,536,843 314,348
25,619,892 3,280,725
25,511,118 -2,615,847
25,350,885 2,965,202
22,504,246 0
21,907,807 -153,243
21,662,409 -2,289,274
21,280,000 2,137,000
19,751,854 150,000
19,559,860 -3,621,100
18,332,415 -149,300
17,731,617 540,676
15,823,805 0
15,192,047 3,400,000
13,151,420 0
12,949,758 6,223,986
12,921,921 58,933
12,726,410 471,827
12,453,835 0
12,377,398 0
12,167,592 -1,440,000
11,319,097 5,111,064
11,270,282 0
10,981,337 0
10,383,690 -23,045
9,926,304 0
9,890,066 525,600
9,646,421 200,800
8,434,371 -6,100,700
8,150,000 0
8,022,226 664,060
7,898,915 738,200
7,654,407 -1,284,883
7,401,777 -174,600
7,175,402 598,306
7,170,960 -929,000
7,048,926 -163,328
6,815,787 -72,858
6,731,228 0
6,532,763 22,203
6,001,045 -24,500
5,686,768 1,225,000
5,548,046 0
5,546,130 16,500
5,270,600 -701,800
5,175,804 0
5,162,456 1,075,191
4,892,338 277,800
4,760,318 -140,956
4,740,500 -152,000
4,556,604 0
4,448,866 0
4,361,336 3,094
4,273,018 0
4,246,299 0
4,139,352 228,358
3,887,095 0
3,841,440 463,600
3,807,645 1,005,407
3,757,300 27,800
3,699,060 -798,230
3,600,000 -2,000,000
3,334,770 154,605
3,014,946 -65,316
2,849,644 200,000
2,818,238 0
2,655,561 0
2,622,696 86,844
2,476,359 -71,100
2,444,360 437,200
2,390,657 0
2,343,004 -1,648
2,333,718 79,500
2,042,300 27,200
2,039,857 0
1,872,183 309,488
1,866,746 0
1,610,400 1,610,400
1,606,423 0
1,587,291 118,689
1,571,509 124,539
1,423,626 162,645
1,405,390 0
1,321,798 118,482
 Executives
Officer Position

Mr. Rogelio Zambrano Lozano Chairman of the Board

Mr. Fernando Angel Gonzalez Olivieri Chief Executive Officer, Director
Mr. Maher Al-Haffar Chief Financial Officer, Executive Vice Preside...
Mr. Ricardo Barba President - CEMEX Mexico
Mr. Jesus Vicente Gonzalez Herrera President - CEMEX in South, Central America and...
Mr. Sergio Mauricio Menendez Medina President - CEMEX Europe, Middle East, Africa a...
Mr. Jaime Muguiro Dominguez President - CEMEX, USA
Ms. Louisa P. Rodriguez Executive Vice President - Investor Relations, ...
Mr. Jose Antonio Gonzalez Flores Executive Vice President - Strategic Planning a...
Mr. Mauricio Doehner Cobian Executive Vice President - Corporate Affairs, E...
Mr. Luis Hernandez Echavez Executive Vice President - Digital and Organiza...
Mr. Juan Romero Torres Executive Vice President - Sustainability, Comm...
Mr. Roger Saldana Madero Non-Member Secretary of the Board of Directors
Mr. Marcelo Zambrano Lozano Director
Ms. Isabel Maria Aguilera Navarro Independent Director
Ms. Maria De Lourdes Melgar Palacios Independent Director
Mr. Everardo Elizondo Almaguer Independent Director
Mr. Francisco Javier Fernandez Carbajal Independent Director
Mr. Rodolfo M. Garcia Muriel Independent Director
Mr. Armando J. Garcia Segovia Independent Director
Mr. Armando Garza Sada Independent Director
Mr. Gabriel Jaramillo Sanint Independent Director
Mr. David Martinez Guzman Independent Director
Mr. Ramiro Gerardo Villarreal Morales Independent Director
 Total
Since Age Sex
Compensation
1987 66 Male
68 Male
64 Male
2019 50 Male
57 Male
52 Male
54 Male
63 Female
52 Male
48 Male
59 Male
65 Male
54 Male
67 Male
62 Female
60 Female
79 Male
68 Male
77 Male
1983 70 Male
65 Male
73 Male
65 Male
1987 76 Male
 Return CEMEXCPO.MX Sector Quick Look
Market Cap
1 day 1.20% 0.20%
(mil)

6 month -5.60% 4.40% Beta

Outstanding
1 year -12.70% 23.90%
shares (mil)

5 year 46.80% 319.20% EV (mil)

Description

CEMEX SAB de CV operates as a global construction materials company. The company is hea
currently employs 44,779 full-time employees. The construction-related services supply custo
the world. The firm operates in various locations, including Mexico, the United States, Europ
the Middle East and Africa. The cement production facilities are located in Mexico, the
Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Puerto Rico, Thail
primarily the crushed stone, sand and gravel, used in various forms of construction.

Financial Position
 CEMEXCPO.MX Sector

171,508 P/E 11.7x 1197x

1.4 EV/EBITDA N/A 12.5x

15,138 ROA 2.5x 3.3x

318,880 ROE 5.8x 7.2x

iption

he company is headquartered in San Pedro Garza Garcia, Nuevo Leon and

rvices supply customers and communities in over 50 countries throughout
ited States, Europe, South America, Central America, the Caribbean, Asia,
d in Mexico, the United States, Spain, Egypt, Germany, Colombia, the
Puerto Rico, Thailand and Nicaragua. The firm is a supplier of aggregates,
struction.

Position
 CEMEX SAB de CV
(USD in millions) Dec-2007 Dec-2006

Cash and cash equivalents $ 796.00 $ 1,579.00

Trade accounts receivable $ 1,902.00 $ 1,411.00

Short-term investments - -

Inventories $ 1,802.00 $ 1,193.00

Prepaid expenses - -

Other current assets $ 1,122.00 $ 979.00

Current assets $ 5,622.00 $ 5,162.00

Property Plant And Equipment $ 24,067.00 $ 17,201.00

Long-term investments $ 973.00 $ 709.00

Goodwill $ 13,815.00 -

Other intangible assets - -

Other long-term assets $ 5,304.00 $ 6,908.00

Non-current assets $ 44,159.00 $ 24,818.00

Total assets $ 49,781.00 $ 29,980.00

Trade accounts payable $ 2,172.00 $ 1,717.00

Short-term loans & liabilities - -

Accrued expenses - -
Current Portion of LT Debt $ 3,328.00 $ 784.00

Other current liabilities $ 2,155.00 $ 1,936.00

Current liabilities $ 7,655.00 $ 4,437.00

Long-term debts $ 16,583.00 $ 6,291.00

Other liabilities $ 10,565.00 $ 6,390.00

Total liabilities $ 34,803.00 $ 17,118.00

Charter capital $ 378.00 $ 366.00

Additional paid in capital $ 5,818.00 $ 5,076.00

Retained earnings $ 18,381.00 $ 15,437.00

Treasury stock - -

Other equity adjustment -$ 9,599.00 -$ 8,016.00

Common equity $ 14,978.00 $ 12,863.00

Minority interest $ 3,762.00 $ 1,920.00

Total equity $ 18,740.00 $ 14,783.00

 Dec-2005 Dec-2004

$ 601.00 $ 343.00
Liquidez
$ 1,592.00 $ 428.00

- -
Endeudamiento
$ 1,037.00 $ 633.00

- -

$ 935.00 $ 550.00

$ 4,165.00 $ 1,954.00
Rentabilidad
$ 15,536.00 $ 9,622.00

$ 840.00 $ 1,496.00

- -

- -

$ 6,213.00 $ 4,324.00

$ 22,589.00 $ 15,442.00

$ 26,754.00 $ 17,396.00

$ 1,362.00 $ 536.00

- -

- -
$ 570.00 $ 862.00

$ 2,181.00 $ 1,017.00

$ 4,113.00 $ 2,415.00

$ 8,284.00 $ 4,891.00

$ 4,535.00 $ 2,253.00

$ 16,932.00 $ 9,559.00

$ 358.00 $ 331.00

$ 4,436.00 $ 3,714.00

$ 12,669.00 $ 10,964.00

- -

-$ 7,641.00 -$ 7,171.00

$ 9,822.00 $ 7,838.00

$ 528.00 $ 389.00

$ 10,350.00 $ 8,227.00
 2007 2006 2005

Current Ratio 0.98 0.73 1.16 1.01

Quick Ratio 0.73 0.50 0.89 0.76

Debt/Equity 0.62 0.41 0.30 0.40

LTDebt/Equity 0.58 0.88 0.43 0.80

Gross Margin 32.65% 33% 36% 39%

Oper Margin 11.54% 13.41% 15.72% 15.76%

Profit Margin 2.65% 11.03% 13.11% 13.78%

ROA 0.99% 4.80% 7.91% 7.70%

ROE 2.26% 12.75% 16.04% 19.90%

ROI 2.35% -14.05% -116.9% -52.8%

 ANALISIS VERTICAL

2004 2007 2006

0.81 1.60% 5.27%

0.55 3.82% 4.71%

0.29 0.00% 0.00%

0.59 3.62% 3.98%

44% 0.00% 0.00%

18.41% 2.25% 3.27%

16.40% 11.29% 17.22%

7.59% 48.35% 57.37%

16.04% 1.95% 2.36%

-89.4% 27.75% 0.00%

0.00% 0.00%

10.65% 23.04%

88.71% 82.78%

100.00% 100.00%

4.36% 5.73%

0.00% 0.00%

0.00% 0.00%
 6.69% 2.62%

4.33% 6.46%

15.38% 14.80%

33.31% 20.98%

21.22% 21.31%

69.91% 57.10%

0.76% 1.22%

11.69% 16.93%

36.92% 51.49%

0.00% 0.00%

-19.28% -26.74%

30.09% 42.91%

7.56% 6.40%

37.64% 49.31%
TICAL ANALISIS HORIZONTAL

2005 2007-2006 2006-2005

2.25% -49.59% 162.73%

5.95% 34.80% -11.37%

0.00% 0.00% 0.00%

3.88% 51.05% 15.04%

0.00% 0.00% 0.00%

3.49% 14.61% 4.71%

15.57% 8.91% 23.94%

58.07% 39.92% 10.72%

3.14% 37.24% -15.60%

0.00% 0.00% 0.00%

0.00% 0.00% 0.00%

23.22% -23.22% 11.19%

84.43% 77.93% 9.87%

100.00% 66.05% 12.06%

5.09% 26.50% 26.06%

0.00% 0.00% 0.00%

0.00% 0.00% 0.00%

 2.13% 324.49% 37.54%

8.15% 11.31% -11.23%

15.37% 72.53% 7.88%

30.96% 163.60% -24.06%

16.95% 65.34% 40.90%

63.29% 103.31% 1.10%

1.34% 3.28% 2.23%

16.58% 14.62% 14.43%

47.35% 19.07% 21.85%

0.00% 0.00% 0.00%

-28.56% 19.75% 4.91%

36.71% 16.44% 30.96%

1.97% 95.94% 263.64%

38.69% 26.77% 42.83%

 CEMEX SAB de CV
(USD in millions) Dec-2007 Dec-2006 Dec-2005 Dec-2004
Revenue $ 21,665.00 $ 18,082.00 $ 14,945.00 $ 8,048.00
Cost of goods sold $ 14,435.00 $ 11,541.00 $ 9,044.00 $ 4,529.00
Gross profits $ 7,230.00 $ 6,541.00 $ 5,901.00 $ 3,519.00
Selling, G&A expenses $ 4,259.00 $ 3,621.00 $ 3,476.00 $ 1,690.00
Research & Development $ - $ - $ - $ -
Net other income/(expense) $ 140.00 $ 97.00 $ 309.00 $ 479.00
Net financial income/(expense) $ 75.00 $ 19.00 $ 239.00 $ 132.00
Profit before tax $ 2,906.00 $ 2,842.00 $ 2,355.00 $ 1,482.00
Corporate income tax $ 439.00 $ 482.00 $ 327.00 $ 181.00
Net profit after tax $ 2,467.00 $ 2,360.00 $ 2,028.00 $ 1,301.00
Minority interest $ 77.00 $ 11.00 $ 32.00 $ 19.00
Net profit $ 2,390.00 $ 2,371.00 $ 2,060.00 $ 1,320.00
0.66628202169
1.56676197903
 CEMEX SAB de CV
(USD in millions) Dec-2008 Dec-2007

Net Income/Starting Line $ 204.00 $ 2,467.00

Depreciation/Depletion $ 1,871.00 $ 1,617.00
Amortization - -
Deferred Taxes - -
Non-Cash Items $ 1,372.00 -$ 64.00
Cash Taxes Paid $ 325.00 -
Cash Interest Paid - -
Cash Payments - -
Cash Receipts - -
Changes in Working Capital -$ 643.00 $ 157.00
Cash from Operating Activities $ 2,804.00 $ 4,177.00

Capital Expenditures -$ 1,905.00 -$ 1,994.00

Other Investing Cash Flow Items $ 850.00 -$ 15,014.00
Cash from Investing Activities -$ 1,056.00 -$ 17,008.00

Financing Cash Flow Items -$ 162.00 $ 3,213.00

Total Cash Dividends Paid -$ 628.00 -$ 607.00
Issuance (Retirement) of Stock $ 609.00 $ -
Issuance (Retirement) of Debt -$ 1,307.00 $ 9,326.00
Cash from Financing Activities -$ 1,488.00 $ 11,932.00

Foreign Exchange Effects $ 182.00 -

Net Change in Cash $ 442.00 -$ 899.00
 Dec-2006 Dec-2005 Dec-2004

$ 2,465.00 $ 2,114.00 $ 1,312.00

$ 1,181.00 $ 1,044.00 $ 678.00
- - -
- - -
$ 123.00 $ 209.00 $ 422.00
- - -
- - -
- - -
- - -
$ 278.00 -$ 33.00 -$ 210.00
$ 4,047.00 $ 3,334.00 $ 2,201.00

-$ 1,502.00 -$ 766.00 -$ 429.00

-$ 526.00 -$ 3,138.00 -$ 1,048.00
-$ 2,028.00 -$ 3,904.00 -$ 1,477.00

$ 1,783.00 $ 462.00 -$ 954.00

-$ 527.00 -$ 447.00 -$ 383.00
$ - $ - $ 374.00
-$ 2,350.00 $ 805.00 $ 268.00
-$ 1,093.00 $ 821.00 -$ 694.00

- - -
$ 925.00 $ 251.00 $ 30.00
Capital Expenditure Plan
(USD in millions) Projections

Dec-24 Dec-25 Dec-26 Dec-27 Dec-28

Capex 1,013 1,037 1,105 1,172 1,263

% of Revenue 6% 6% 6% 6% 6%

Historical

Dec-19 Dec-20 Dec-21 Dec-22 Dec-23

Capex 651 589 978 1,072 1,175

% of Revenue 5% 5% 7% 7% 7%
Projections

Dec-29 Dec-30 Dec-31 Dec-32 Dec-33

1,347 1,454 1,544 1,602 1,707

6% 6% 6% 6% 6%

5y Avg

893
6.00%