Holcim Financial Targets

Holcim Financial Targets
2009 2010 2011 Target
Operating EBITDA margin (%) for:
- Cementitious materials 28.4 26.9 24.3 33
- Aggregates 19.7 21.1 20.7 27
- Other construction materials and services 3.7 2.8 2.5 8
ROE (%)1 8.6 6.4 1.6 13-15
RONOA (%) 9.2 8.4 6.6 15-18
Gearing (%)2 62.8 53.8 58.8 80-100
Funds from operations3 / Net financial debt (%) 27.6 31.3 26.4 > 25
Net financial debt/EBITDA 2.6 2.3 2.7 < 2.8
EBITDA net interest coverage 7.3 6.1 4.2 > 5
EBIT net interest coverage 4.7 3.7 2.2 > 3
1 Excludes minority interest.
2 Net financial debt divided by total shareholders' equity.
3 Net income plus depreciation, amortization and impairment.