2010 Capitalization Program
Online 2009 Annual Report
Download 10-year financial information in spreadsheet format

Worldwide presence (as of December 31, 2009)

  • Presence in more than 50 countries worldwide
  • Annual production capacity of close to 97 million metric tons of cement
  • Annual production levels of approximately 54 million cubic meters of ready-mix concrete and close to 168 million metric tons of aggregates
  • 63 cement plants, over 2,000 ready-mix concrete facilities, and a minority participation in 12 cement plants
  • 391 aggregate quarries, 223 land-distribution centers, and 72 marine terminals

Financial highlights
in millions of US dollars1, except per-ADS data

  2009 2008 %
Net sales2 14,544 20,131 (28)
Operating income2 1,165 2,327 (50)
EBITDA2 2,657 4,080 (35)
Controlling interest net income 104 203 (49)
Earnings per ADS3 0.13 0.27 (51)
Free cash flow after maintenance
capital expenditures
1,215 2,600 (53)
Total assets 44,483 45,387 (2)
Net debt2,4 15,053 17,958 (16)
Total controlling stockholders’ equity 16,339 13,879 17
1 For your convenience, nominal Mexican peso results for 2009 and 2008 were translated to US dollars using the average exchange rate of the year of 13.60 MXN/US$ and 11.21 MXN/US$, respectively. For balance sheet accounts, US dollar amounts were calculated by converting the peso amounts at the end of each year using the end-of-year exchange rate of 13.09 MXN/US$ and 13.74 MXN/US$, respectively.
2 Amounts have been adjusted to reflect the effect of the divestment of our Australian operations.
3 Based on an average of 854.8 and 766.1 million American depositary shares (ADSs) for 2009 and 2008, respectively.
4 As of December 31, 2008, net debt includes the fair value of cross currency swaps associated with debt for US$114 million.









2009 Sales distribution by product (percentage)

2009 EBITDA distribution by product (percentage)

2009 Sales geographic distribution (percentage)

2009 EBITDA geographic distribution (percentage)







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