Italcementi Group Title 14 maggio 2012

Our world

As at 31.12.2015

www.italcementigroup.com

www.i-nova.net

Italcementi Group

Edited by

Group Communication and Image Department

Italcementi Group

Italcementi Group at a glance

One of the world’s leading cement producers

A worldwide presence in 21 countries

An overall staff of about 17,500 people

A consolidated production capacity of

approximately 60 million tons

2015 annual sales exceeding 4.3 billion Euro

The first cement company to be listed

on the Italian Stock Exchange since 1925

Over 150 years-old successful business strategy

implemented by a family-driven company at its fifth

generation

Italcementi Group

Italcementi S.p.A. Holding company also operating

Italian cement activities

Italgen S.p.A.

BravoSolution S.p.A.

E-business initiatives

Power production

75%

100%Italcementi Finance S.A.

Société Internationale Italcementi (Luxembourg)

S.A.

CTG S.p.A.

R&D, engineering and technical support

Captive reinsurance

Trading Co

Group financing

50%

85%

50%

15%

100%

100%

Medcem S.r.l.

Shipping

Interbulk Trading S.A.

50%

Support activities

Diversified activities

Ciments Français S.a.s.

Bulgaria

Egypt

Thailand

100%

International cement, ready-mix and

aggregates activities

France

Belgium

Canada

Spain

Greece

U.S.

Others(*)

Morocco

India

Kazakhstan

Affiliates

Affiliates

Calcestruzzi S.p.A.100%

Ready-Mix and Aggregates in Italy

Italcementi Group structure

(*) Italcementi is also present in Kuwait (terminals and Ready-Mix) and Mauritania (grinding centre and Ready-Mix); Albania, Gambia, Sri Lanka (terminals); Saudi Arabia

(Ready-Mix); Syria and Cyprus (minority stakes)

Italcementi Group

103 Quarries

6 Terminals

About 17,500 employees

4.3 billion Euro annual sales in 2015

21 Countries

42 Cement plants

15 Grinding centres

415 Concrete plants

FRANCE

BELGIUM

ITALY

EGYPT

GREECE

BULGARIA

KAZAKHSTAN

INDIA

THAILAND

SRI LANKA

U.S.A. and CANADA

6 25

3

MOROCCO

3

2

25

3

SPAIN

3 5

4

9

1

175

70

1 10

27

103

8

5

1 1

1

CYPRUS *

1

1

2

3

1

GAMBIA

MAURITANIA

2

1

TOTAL GROUP as at 31 December 2014

20 2

2

SAUDI ARABIA

ALBANIA

9

35

3

1 2

2

KUWAIT

SYRIA *

* Countries where the Group qualified minority interests

Italcementi Group industrial network

1

1

1

19

Italcementi Group

SRI LANKA

SINGHA CEMENT

ICC

SAUDI ARABIA

THAILAND

ASIA CEMENT

JALAPRATHAN CEMENT

JALAPRATHAN CONCRETE

CYPRUS

BULGARIA

DEVNYA CEMENT

INDIA

ZUARI CEMENT

KAZAKHSTAN

SHYMKENTCEMENT

BETONATA

MOROCCO

CIMENTS DU MAROC

ITALGEN MAROC

SPAIN

FYM

FRANCE

CIMENTS CALCIA

GSM

UNIBETON

BELGIUM

CCB

ITALY

ITALCEMENTI

CALCESTRUZZI

CTG

ITALGEN

GREECE

HALYPS CEMENT

VASSILIKO CEMENT *

Italcementi Group in the world

KUWAIT

HILAL CEMENT

AL MAHALIYA

NORTH AMERICA

(U.S.A./CANADA)

ESSROC

ESSROC CANADA

CIMENT QUEBEC (JV 50%) *

ESSROC READY MIX

EGYPT

SUEZ CEMENT GROUP OF COMPANIES

RMB

ITALGEN MISR

ALBANIA

EUROTECH CEMENT

GAMBIA

GACEM

MAURITANIA

MAFCI

SYRIA

AL BADIA CEMENT *

* JV or qualified non-controlling interests

Italcementi Group

Business, financial and sustainability highlights

(in millions of euro) 2015 2014 2013 2012 2011

Revenue 4,302 4,156 4,232 4,479 4,657

Recurring EBITDA 636 656 629 643 701

EBITDA 584 651 616 625 742

EBIT 148 234 159 (140) 139

Profit (loss) for the year (69) (49) (88) (362) 91

Profit (loss) attributable to owners of

the parent (120) (107) (165) (395) (3)

Capital expenditure 363 523 339 370 398

Total equity 3,800 3,891 3,783 4,165 4,895

Equity attributable to owners of the

parent 3,009 3,083 2,604 2,903 3,495

Net debt 2,170 2,157 1,934 1,998 2,093

Number of employees at Dec. 31 17,525 17,779 18,484 18,886 19,462

Innovation rate (% revenue) 7.9 6.6 5.3 2.6 4.5

Carbon emissions (kg carbon/t cement products) 691 692 694 712 708

Injury frequency rate (injuries per million hours worked) 2.8 3.7 4.1 6.2 6.2

Women in managerial positions (%) 10 10 9 10 12

Italcementi Group

Our core industryItalcementi Group is focused on three main product lines: cement, aggregates and concrete.

The Group aims to optimize production across all of our markets, providing a complete solution for

customers needs at the lowest possible cost, strategically integrating its activities.

Cement is made from a mixture of 80% limestone and 20% clay. These are

crushed and ground to provide the "raw meal”, a pale, flour-like powder. Heated

to around 1450° C (2642° F) in rotating kilns, the “meal” undergoes complex

chemical changes and is transformed into clinker. Fine-grinding the clinker

together with a small quantity of gypsum produces cement. Adding other

constituents at this stage produces cements for specialized uses.

Concrete is a mixture of cement, aggregates, water, admixtures and additions

based on formulas that conform to predetermined strict technical specifications.

Concrete is either mixed on the building site or delivered "ready-mixed" by

specialized suppliers.

Aggregates are made from sand and gravel extracted from

quarries. Around 60% of aggregates are used in road

construction. The remainder is used to produce concrete.

Italcementi Group

What is cement used for?

Safe, comfortable, environmentally friendly, cheap and efficient buildings

from the energy point of view.

Cement meets construction requirements to satisfy the life needs of the entire

community: houses, schools, hospitals, offices, cinemas, shops and sports centers.

Cement is the most widely used construction material in the world.

Large infrastructural projects.

Roads and highways, dams, ports and airports that require high performance and

technological cements able to keep their properties over time and also resist natural

phenomena.

Valuable architectural works.

Italcementi’s innovative products have enabled famous architects to build works that are

globally recognized such as the Church Dives in Misericordia in Rome and the Italian

Pavilion at the Shanghai Expo.

Italcementi Group

Mission

To develop energy business in respect of the environment and the territory by favoring sustainable energy

production from renewables, adopting the Best Available Technologies, in line with Italcementi Group’s

sustainable development policy.

Italgen, part of Italcementi Group, operates in the international market of the renewable energy sector.

Project under construction

1 wind farm in Egypt – 320 MW

1 hydro power plant in Italy (Palazzolo S/O)

Plants in operation:

14 hydro power plants in Italy - 56 MW (all certified by )

400 km of power transmission lines in Italy

1 photovoltaic power plant in Italy (Guiglia) - 6 MW

2 wind farms in Bulgaria (Kavarna) - 18 MW

1 wind farm in Morocco (Lâayoune) - 5 MW

1 concentrated solar power plant in Morocco (Aït Baha)

Figures

358 GWh of renewable energy globally generated in 2015

Projects under development:

1 wind farm project in Morocco – 10 MW

1 wind farm project in Greece – 10 MW

1 wind farm project in Kazakhstan – 10 MW

The energy business

Italcementi Group

Kavarna I (9 MW)

Kavarna II (9 MW) Greece

Egypt

Morocco

Lâayounec) (5 MW)

Bulgariab)

Italy

56 MW

Guigliaa) (6 MW)

Hydro

Solar

Wind

Aït Baha (3 MW Th.)

Safi (10 MW)

New

pipelineMauritania

TBD

Kazakhstan

Lâayounec)

(expansion)

Mandra (10+10 MW)

CSP

Vetra (0.5 MW)Tolebi (10 MW)

Under

construction

Gulf El Zeit (320 MW)

The energy reference scenario

a) Italgen holds a 30% stake in the company developing the photovoltaic power plant

b) Italgen holds a 49% stake in the company operating Kavarna plants c) Owned by Ciments du Maroc

Italcementi Group

The trading businessInterbulk Trading is the international subsidiary of Italcementi Group engaged in trading of clinker,

ordinary and special cements, mineral products and solid fuels worldwide.

Interbulk Tradings's core activities include:

Hydraulic binders trading

Solid Fuels trading

Shipping & Maritime Logistics

Supervision of International Terminals

Italcementi Group

International terminals

Albania: Eurotech Cement commenced its activities at Durres in 1998. A second terminal has been

activated at Vlora in February 2008 to cover the Southern Albanian market;

Italcementi Group is always eager to pick up on development opportunities in emerging countries as they

arise, also by coordinating and managing international trading terminals located in key geographical areas.

Interbulk Trading supervises the activities of three terminals:

Mauritania: Mafci started its operations with a

cement terminal in 1997 that was converted in a

grinding centre in 2001. Mafci is ISO 2001 certified

and has recently started the ready mixed business

through the company MBR (Mauritanienne des

Bâtiments et Routes).

The Gambia: Gacem is part of Italcementi Group since 1993.

Located in Banjul, Gacem is the sole Gambian cement importer;

New project are actually under examination and implementation concerning new terminals and

grinding centers in Africa sub-saharan, with first steps foreseen in Ghana, Guinee and

Mozambique.

Mauritania1 Grinding center

sales 170K t

3 Batching plants

sales ready mix

concrete 20K m3

The Gambia1 Terminal

sales 160K t

Albania2 Terminals

sales 140K t

Mozambique

Ghana

Guinee

Under development

Italcementi Group

The Società Bergamasca per la Fabbricazione del Cemento e della Calce idraulica is established.

1925.

Over 150 years-old successful business strategy

Italcementi: a company with roots in the 19th century

150° anniversary of Italcementi. Plan to strenghten streamilining the Group structure.

1864

1925

1964

1992

1997

1998

2001

2005

2006

2007

2011

2014

Further acquisition in the concrete business in the USA and Kuwait.

The company is listed on the Milan Stock Exchange.

13th biggest turnover in Italy, 28 cement plants and 8 associate companies.

Ciments Français, a company twice bigger than Italcementi, is purchased. The new Group amongst the world leaders in the sector. Biggest acquisition ever made abroad by an Italian company.

Calcestruzzi is purchased in Italy to complete the downstream integration of the core business with ready-mixed concrete.The new brand and corporate identity is defined.

Internationalization towards emerging countries: Morocco, Bulgaria, Kazakhstan and Thailand.

Joint-venture with Zuari Industries in India.

Italcementi becomes the reference shareholder in Suez Cement, one of the leading Egyptian cement producers.

Acquisition of Zuari Cement in India.

Acquisition of Hilal Cement in Kuwait. Entering the concrete sector in Saudi Arabia through ICC.

2008

.

The Turkish subsidiary Set Group is sold. Sika acquires Axim with a long-term partnership with Italcementi Group.

2015 Supply of i.active BIODYNAMIC cement for Palazzo Italia at Expo 2015.

Italcementi Group

Building our vision

To be a world class local business

building a better and sustainable future

for all our stakeholders.

Vision and Mission

Building our mission

To create value in the building materials

sector through the innovative and

sustainable use of natural resources for

the benefit of our communities and clients.

Five values lie at the heart of our Group.

These values not only define us, but

act as a guide for our daily activities:

Responsibility

Integrity

Efficiency

Innovation

Diversity

Building our values

Italcementi Group

Corporate GovernanceItalcementi Group considers the adoption of good rules of Governance as the real lever to achieve

efficiency, transparency, appropriate management and control efficacy.

The Group’s business growth is therefore accompanied by an ever greater focus on Corporate

Governance, which, in its organisation, stands for business ethics together with the creation of

value in a context of sustainable development.

The Group succeeded in establishing a well defined decision making structure, together with all

relevant bodies, leading to the listing of a series of ethical as well as more typically managerial rules,

principles and behaviours that must be applied in all Group companies.

Also the adoption of a consistent system of policies, organized procedures

and behaviours complying with local legislations and best practices, was

an action successfully conducted with the aim of establishing transparency

and efficiency in decisional and operational activities.

Our progress in this area reached an important milestone in 2006

with the presentation of the Italcementi Group Charter of Values,

a document that sets out the fundamental principles of the Italcementi

engagements in Corporate Governance and the goals of the

Group’s Sustainable Development strategy, presenting them

as a cohesive whole.

Italcementi Group

Sustainability as the basis of the Group

strategic development

Sustainability

Industry Innovation Development

Italcementi Group

For more than ten years Italcementi Group has followed a corporate strategy based on its commitment

to Sustainable Development and has promoted a socially responsible behaviour among all its

employees and subsidiaries.

The Group believes that Sustainable Development, as a combination of economic prosperity,

environmental protection and social responsibility, is the basis of its own future.

2000: Italcementi Group is the founder member of the Cement Sustainability Initiative, the focus

group of the World Business Council for Sustainable Development (WBCSD) on cement. The

WBCSD is a coalition of some 200 international groups sharing the same principles concerning

Sustainable Development.

2002: the Group signed the Agenda for Action, the first formal commitment that binds the cement

industry to Sustainable Development policies. The agreement was signed by ten major cement

producers and sets out a five-year action plan aimed at ensuring an industrial development that

preserves the needs of future generations.

From 2003: the Sustainable Development Report is published every year. It is voluntarily written on

the basis of a series of indicators provided by the Global Reporting Initiative. Il contains the detailed

reporting of the Group improvement objectives, certified by an indipendent advisor, and the trend of

the sustainability performance throughout the years.

2007: the Group Sustainable Development Department has been created. Local functions are

present in each country.

The strategic commitment to Sustainability

Italcementi Group

2009: Italcementi signed the Environmental Protection Pact with the Presidency of the Council of

Ministers and the Italian Minister of the Environment. This voluntary agreement provides for a

programmatic investment initiative by Italcementi entailing actions aimed at reducing greenhouse gases

and boosting the production of energy from renewable sources.

2010: Italcementi Group has adhered to the Global Compact, the United Nations initiative set up to

safeguard the social and environmental sustainability of economic growth processes. It is based on 10

universal principles in terms of human rights, work, environmental protection, corruption fighting.

From 2010: a new set of policies has been disseminated, from the “mother” policy dedicated to

Sustainability to the 7 policies focusing on Safety, Human Rights, Environment, Energy, Social

Initiatives, Health and Quality

2013: Italcementi Group has been confirmed the “Sustainability Yearbook”, the most comprehensive

publication on corporate sustainability released yearly by RobecoSAM Sustainability Investing.

The strategic commitment to Sustainability

Italcementi Group

Research and InnovationItalcementi Group’s commitment to research and innovation is one of its pillars and

underlines its contribution to a better quality of life.

The Group addresses its innovation towards:

more efficient production processes aimed at improving environmental performance

high-performance and technologically advanced materials for new building models.

Innovation develops products and solutions to build in a more efficient way and at a lower

price. In this way constructions are:

Sustainable: reduced energy consumption, better thermal and sound insulation

Safe: anti-seismic, fire resistant, radiations resistant, resistant to unpredictable events

Comfortable and highly aesthetic: strong attention to the surrounding areas, reduced

raw materials consumption and environment preservation.

Italcementi Group

Innovation: technologies and materials

Low energy clinkerization

Use of recyclable raw

materials

Low CO2 emission products

and processes

Reduced water consumption

Technology

improvements

Green product portfolio

improvements

Innovation dedicated to sustainable solutions is our means to build competitive advantage

Italcementi Group

i.lab, the heart of innovation

Designed by Richard Meier

Photovoltaic panels

Solar panels (provide 65% of

annual energy requirements)

Geothermal energy system

• It houses 70 researchers - engineers, chemists, physicists, geologists

• 7500 m2 dedicated to laboratories

• Over 100 patent families filed since1992

• About 337 million Euro annual sales

thanks to innovative products

• In 2015 the innovation rate rose to 7.9%, an increase of approximately 20% from

the previous year.

Italcementi Group

Market innovation

An interface representing the innovative approach of Italcementi and transferring it to all

markets worldwide in all sectors of activity.

The customer is the centre of a strategy focused on the capacity of offering solutions

meeting specific needs.

A codified system, universal and intuitive organized around the concept of

Italcementi Group

All products grouped into 11 Performance

Families

Classic

productsProfessional

products

Ultra-

resistant

products

Quick

products

Fluid

products

Thermal

productsAcoustic

products

Special products

to design with

water

Aesthetic

productsPhotocatalytic

productsTransparent

products

Italcementi Group

Economic performance

Italcementi Group

2015 Highlights

- 1.6

3.5

14.8

17,525

- 120

- 69

148

636

4,302

- 1.417,779Employees

- 107Group net profit

- 1.2% on revenue

- 41.7- 49Net profit

5.8% on revenue

- 36.6227EBIT

15.6% on revenue

- 3.1649EBITDA - recurring

3.54,156Revenue

Var. % 2014M Euro

- 12

2015

Italcementi Group

Revenues by business

Cement and clinker 66.5%

2,860 M EuroOther activities 6.3%

271 M Euro

Concrete and aggregates 27.2%

1,171 M Euro

Sales volumes

32.7 MtAggregates

11.5 Mm3Ready mixed concrete

43.4 MtCement + clinker

Italcementi Group

Revenues by country

Trading 3%

31.12.15 (in M Euro) %Change ‘15/‘14

584 28.5North America

Asia 14%

Europe 44.3%

North America 13.6%

North Africa and

Middle East23.1%

2%Others

345 11.7Morocco

101 - 6.1Spain

581 -1.4Egypt

25 -13.2Greece

4,302 3.5Total

168 -16.8Trading cement & clinker

336 2.5Others

276 20.8India

304 12.0Thailand

69 20.2Bulgaria

37 -4.6Kazakhstan

571 - 4.9Italy

1,272 - 6.7France/Belgium

73 23.4Kuwait

- 428 -Eliminations

9 17.8Saudi Arabia

Italcementi Group

Recurring EBITDA by country

31.12.15 (in M Euro) % Change ‘15/‘14

636 - 3Total

16 55Trading cement & clinker

5 n.s.Others

45 > 100India

68 6Thailand

- 5 n.s.Kazakhstan

0 - 98

151 10Morocco

176 -24

Spain

44 - 59Egypt

- 1 n.s.Greece

71 40North America

27 >100Bulgaria

34 74Italy

France/Belgium

5 82Kuwait

37%Europe17%Asia

11,2%North America

31,4%North Africa and

Middle East

3,4%Others

Italcementi Group

Financial Ratios and Ratings

(*) June ‘14 ratios calculated on 2,076M€ Pro-forma NFD after completion of equity transactions

Dec. 15 ratios calculated on 2,170M€ NFP

(**) GCF and RCF based on reported figures

Moody’s

S&P’s

(Ba3)

BB

LT Rating Outlook Last Action

(Positive)

Positive

29/07/2015 (Review for upgrade)

8/10/15 (Revised Outlook)

Ratings

LTM(**) GCF and RCF / Net Debt(*)

20.5%

18.2%17.7%

17.1%16.0%17.3%

14.9%14.4%

16.1%

14.2% 14.4%

13.3%

13.3%

12.5%

12.9%

10.8%

9.4%

Dec-13

Mar-14

Jun-14 Sep-14

Dec-14

Mar-15

Jun-15 Sep-15

Dec-15

GCF / ND RCF / ND

-2.7pt

Net Debt(*) / LTM Recurring EBITDA

3.07

3.26 3.26

3.47

3.32

3.61

3.333.46

3.41

3.75x

Covenant measurement dates

+0.09pt

+0.25pt

Italcementi Group

Italcementi dividend

Share dividend

Ordinary Saving

Year Total Dividends(in Million Euro)

2008 53.3

2009 33.4

2010 33.4

2011 40.4

2012 16.7

2013

2014*

2015

* After operation

on share capital

16.7

31.1

0 *

Euro

2010 2011 2012 2013 2014 2015

0

0.05

0.1

0.15

0.2

Italcementi Group

Environmental protection

and Social Responsibility

Italcementi Group

Italcementi Group Environmental Policy

promotes the use of new and alternative resources;

makes efforts to reduce water consumption and greenhouse

gas emissions;

minimizes the generation of waste and fosters the recycle

of materials;

constantly monitors emissions;

develops rehabilitation plans for its quarries;

conducts regular environmental audit sessions;

uses the best available techniques in existing or

new facilities;

takes actions to prevent risks.

The Environmental Policy is one of the key elements of Italcementi Group corporate mission, whose

aim is to achieve a correct balance between the use of natural resources and long-term economic

growth, ensuring, at the same time, a better quality of life for present and future generations.

To achieve these objectives, the Group:

The Group is committed to preventing or limiting the environmental impact of its activities, promoting

sustainable construction and environmentally-friendly products, alongside developing eco-efficient

technologies and management systems.

Italcementi Group

Italcementi Energy PolicyOur Energy Policy endorses the need to move toward a low-carbon economy and to play an active role in

finding feasible solutions in the field of energy efficiency and climate protection.

Italcementi Group promotes actions to provide fast and effective responses to climate change, as follows:

setting public targets for reducing carbon footprint of operations

and products, in line with the commitments made within the

building material sector;

investing in projects aimed at increasing the use of carbon

neutral alternative fuels and raw materials;

moving toward renewable sources of electricity;

putting a strong accent on raising employees’ awareness to

reduce their energy and carbon footprint;

working on identifying technologies to reduce the CO2 intensity

of cement production.

Italcementi Group

Italcementi Safety PolicySafety has always been an issue of utmost importance within Italcementi Group.

Adding more substance to the Policy, the Group adopted an enhanced

Safety Management Handbook (SMH). It is structured around five key

areas: leadership of management in the creation of safety culture,

elements to foster motivation in safety, safety structures and the

organizational framework, operational tools, and contractors’ safety.

Making «Safety: a way of living», the Group is implementing Operational

Safety Standards at all its sites. The issued operational standards cover

Personal Protective Equipment, Works At Height, Control of Hazardous

Energy (Lockout/Tagout), Hot Works and Confined Spaces Entry.

Confirming this approach, the Group has recently approved its Safety

Policy under the motto: «Safety: a way of living».

Italcementi Group

Italcementi Human Rights PolicyItalcementi Group has recently issued the Human Rights Policy, stating that the Group supports

internationally proclaimed human rights as inalienable rights of all individuals, based on the recognition of

inherent dignity, freedom and equality of human beings, including those rights set out in the Universal

Declaration of Human Rights, its associated Covenants and the ensuing international agreements, and in

the International Labour Organization standards.

The Group applies the same approach towards employees,

contractors, subcontractors and suppliers.

Collective bargaining agreements, including also sections related to

health and safety, cover almost 100% of employees in all Group

subsidiaries.

The Group is also committed to making sure that it is not complicit in

human rights abuses in any of the businesses and countries in which

it operates and that it respects indigenous rights.

Italcementi Group

Italcementi Health PolicyItalcementi Group has recently issued its Health Policy, enhancing the well-being of all its workers as vital

as protecting their safety.

The Group is committed to eliminating occupational illnesses by minimizing any exposure to risks and by

training its workers to behave in the healthiest way.

In particular, the activities promoted are as follows:

1. regular workplace assessments and occupational medical

surveillance;

2. adoption of best available techniques when installing new

facilities or revamping already existing plants;

3. provision of site medical and first aid treatment, in order to

guarantee prompt assistance in case of accident;

4. ban on purchase, supply or use of materials with health

concern;

5. communication of relevant health information to customers,

retailers and end-users for marketed products.

Italcementi Group

Italcementi Social Initiatives PolicyItalcementi Group has launched its new Social Initiatives Policy, confirming its commitment to building

relationships with all its stakeholders based on trust, openness and long-term cooperation.

The Group addresses its effort towards all the involved stakeholders by

promoting active partnerships at:

Internal level: the Group considers employees as the priority, as a major

Group asset and ambassadors in the community.

Local level: the Group aims at involving local governments, local media,

suppliers and customers.

National level: the Group aims to maintain active relationships with

national governments, national media, industrial customers, academics and

research institutes, national cement associations and investors.

International level: Italcementi Group actively promotes engagement with

other international stakeholders, such as the International Emission Trading

Association – an independent business organization related to climate

change - the socially responsible investment community and the public-

private Carbon Funds of the World Bank.

Italcementi Group considers support to communities as an opportunity to promote sustainable

principles in all the countries where the Group operates.

Italcementi Group

2015 Group Targets

2015

Target

2015

Status

Environmental protection

Gross CO2 emissions 640 691

Cement plants certified to ISO 50001 or equivalent 50% 2%

Cement plants and grinding centers certified to ISO

14001

100% 96%

Continuous monitoring according to Group standard

(dust, SO2, NOx, CO, VOC)

100% 97%

Kilns with emissions below Group standard levels 100% 92%

Alternative fuels, cement 10% 13%

Quarries with rehabilitation plans 100% 92%

Italcementi Group

2015 Group Targets

2015

Target

2015

Status

Group Vision

Anti-corruption and Bribery Compliance Programme 100% 70%

Anti-trust Compliance Programme 100% 100%

Enterprise Risk and Compliance Programme 100% 100%

Social Responsibility

Training hours per employee / year 20 18

Number of Fatalities 0 4

Lost Time Injuries Frequency Rate < 3 2.8

Employees monitored according to Group standard for

occupational hygiene

100% 78%

Italcementi Group

2015 Group Targets

2015

Target

2015

Status

Responsible Production

Corporate suppliers screened also on social and

environmental performance

100% 100%

Customer satisfaction, average of absolute and relative

indexes

800 809

Innovation rate 4-5% 7.9%

Italcementi Group

Research & Innovation

Italcementi Group

i.active: photocatalytic solutionsi.active is the new performance family that comprises

products containing the TX Active® technology, thus

featuring depolluting, self-cleaning, bacteriostatic and

odour-eliminating properties.

Coating an area of 1000 m2 with TX Active-based

products is equivalent to:

Designed by Richard Meier, the Dives

in Misericordia Church was built with

TX Active® white cement.

Italcementi Group

i.active BIODYNAMIC: cement for creativity

Photo Mario and Pietro Carrieri by Italcementi

i.active BIODYNAMIC is a high performance, highly

flowable cement mortar for manufacturing

non-structural architectural precast elements featuring

thin sections and complex shapes.

It is this cement’s outstanding workability that

made it possible to build the inventive structures of

Palazzo Italia at EXPO 2015.

Italcementi Group

i.light : the transparent cement

i.light was especially developed

to build the Italian Pavilion at the

2010 World Expo in Shanghai.

i.light is a precast concrete panel that can transmit

light.

i.light not only lets natural and artificial light in,

but also allows seeing images or objects placed behind

the panel while creating a surprisingly transparent effect.

It combines the strength of cementitious materials and

the transparency effect typical of glassy materials.

Italcementi Group

i.tech CARGO: ultra-strong pavementsi.tech CARGO is an innovative self-percolating

cementitious slurry ideal for making semi-flexible

pavements designed for heavy loads.

Asphalt

pavement

i.tech CARGO

pavement

Less maintenance

More sustainability

Greater safety

Higher heat resistance

Easy and rapid to install

Italcementi Group

i.design EFFIX: cement for creativity

Strength and durability

Workability and flexibility of a plastic material

Perfect finish of a mineral material

Minimum thickness

Ease of use

Ease of customization

High quality production

i.design EFFIX is a mortar with very

high mechanical and aesthetic performance

that combines the durability typical of a cementitious

material and the workability of a plastic material.

Developed for non-structural concrete elements of

refined aesthetic value, i.design EFFIX is a real

source of inspiration for architects and designers.

Italcementi Group

i.idro DRAIN: the draining solutioni.idro DRAIN is an innovative ready-to-use concrete

formulation for pavement application that is capable

of draining water.

Thanks to this specially formulated blend,

i.idro DRAIN combines the strength of a

concrete pavement with a drainage capacity

being 100 times greater than that of natural soil.

Traditional

pavement

i.idro DRAIN

pavement

i.idro DRAIN obtained the EPD

Environmental Product Declaration.

It also contributes to earning LEED points.

Italcementi Group

ALI range: high-tech green productsALI is Italcementi Group product line based on calcium

sulfoaluminate technology.

ALI products are based on a

low environmental impact production process

It allows to satisfy a wide range of needs like:

Highly adjustable setting time

Rapid early strength development

Progressive strength increase

Low shrinkage values

Low alkali content

Highly recyclables

Highly performings and sustainables