Report 2010 - Italcementi Group

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Emilio Zanetti Born in Bergamo, October 26, 1931 Honorary degree in economics & commerce Currently Chairman of the Management Committee of UBI BANCA - Unione di Banche Italiane since April 2007; Chairman of Banca Popolare di Bergamo S.p.A. (formerly Banca Popolare di Bergamo - Credito Varesino) since July 1985; Deputy Chairman S.A.C.B.O. S.p.A. Board of Statutory Auditors Maria Martellini Born in Rome, July 8, 1940 Degree in economics & commerce - Bocconi University, Milan Specialization in economics of industry, London School of Economics. Full professor of economics & corporate management. Certified accountant and account auditor. Director of a number of listed and unlisted companies. Mario Comana Born in Bergamo, January 22, 1957 Degree in economics & commerce - Bergamo University Specialization at Harvard University, Cambridge. Since 2000, full professor of financial intermediary economics at LUISS Guido Carli, Rome. Certified accountant and author of numerous banking publications; works as a consultant to financial intermediaries and as an independent and court-appointed consultant on financial questions and assessments. Luciana Gattinoni Born in Bergamo, November 29, 1950 Degree in economics & commerce - Bocconi University, Milan Has worked as a certified accountant since 1976, primarily on corporate and tax questions, and as a consultant to the Bergamo Law Court on insolvency procedures (receiver, courtappointed coordinator, court-appointed liquidator). She is also an auditor of a number of non-profit foundations and associations in the arts, welfare and science. 12
2010 Annual Report Presentation General information Italcementi S.p.A. Directors, Officers and Auditors 6 Consolidated Annual Report Professional profiles of the members of the Board Corporate Governance of Directors and Board of Statutory Auditors 7 Notice of Call 14 Italcementi Group in the world 18 Highlights 20 Italcementi S.p.A. on the Stock Exchange 21 Leonardo Cossu Born in Verona, May 23, 1958 Degree in economics & commerce - University of Brescia Registered on the roll of certified accountants and accountants and on the register of account auditors. Specific professional expertise in the corporate field; for more than twelve years has been a director and independent director of a company listed on the Milan Stock Exchange, where he oversaw the operational aspects of the application for admission to trading and relations with shareholders. Chairman of the board of statutory auditors, acting auditor, director and chief executive officer of a number of companies active in finance, banking and industry. Fabio Bombardieri Born in Alzano Lombardo (Bergamo), August 14, 1959 Registered on the roll of certified accountants and accountants and on the register of account auditors. Holds a number of positions in the area of voluntary jurisdiction and insolvency procedures. Provides professional services mainly for medium-size companies. Director/auditor of companies in the credit and publishing fields and of a number of foundations and non-commercial entities. Carlo Luigi Rossi Born in Alzano Lombardo (Bergamo), October 11, 1947 Degree in economics & commerce - Catholic University of Milan June 1975, established the eponymous consultancy studio providing accounting, administrative, corporate and fiscal services. Holds a number of positions in the area of insolvency procedures. In the area of civil judicial proceedings, he works as a court-appointed technical consultant; for penal proceedings he works as a consultant to the state prosecutor. 13 www.italcementigroup.com
Page 1 and 2: 2010 Annual Report
Page 3 and 4: 2010 Annual Report Italcementi S.p.
Page 5 and 6: In the past three financial years w
Page 7 and 8: 2010 Annual Report Presentation Gen
Page 11: 2010 Annual Report Presentation Gen
Page 25: 2010 Annual Report Presentation Gen
Page 28 and 29: Directors’ report Following the a
Page 30 and 31: Significant events for the year Sig
Page 32 and 33: Business and financial performance
Page 34 and 35: Fourth-quarter sales volumes and in
Page 36 and 37: Revenues and operating results Cont
Page 38 and 39: Total comprehensive income In 2010,
Page 40 and 41: Net debt breakdown (in millions of
Page 42 and 43: 2010 to the Internal Control Commit
Page 44 and 45: Conformity risks The Group is subje
Page 46 and 47: constraints imposed by the stringen
Page 48 and 49: The construction sector reported a
Page 50 and 51: ASIA Thailand India Others (1) Tota
Page 52 and 53: The reduction arose essentially as
Page 54 and 55: Turkey Work continued in 2010 to ob
Page 56 and 57: variable amount. The fixed amount i
Page 58 and 59: Information systems The three-year
Page 60 and 61: Raw materials and alternative fuels
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Engineering, technical assistance,
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serves public companies and institu
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Set Group Holding represents a sign
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Financial statements Balance sheet
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Statement of comprehensive income (
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Consolidated cash flow statement No
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21. Deferred tax 22. Net debt 23. O
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no longer generate goodwill, nor ga
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Subsidiaries Subsidiaries are compa
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1.5. Translation of foreign currenc
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1.10. Intangible assets Intangible
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deferred tax assets are reviewed at
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Pending publication of a standard/i
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2. Exchange rates used to translate
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4. Operating segment disclosure The
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Operating segments The table below
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The table below sets out other segm
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Assets 5 Property, plant and equipm
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6.2 Goodwill testing Goodwill acqui
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“Concessions” are amortized ove
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9. Other equity investments This no
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12. Trade receivables (in thousands
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17. Dividends paid Dividends declar
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The movements in defined benefit li
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20. Provisions Non-current and curr
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22.1 Loans and borrowings Loans and
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) in the third quarter of 2010, Ita
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v) in the third quarter of 2010, Ci
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Fair value - hierarchy In determini
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In 2009 and 2010, in view of the su
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22.4 Interest-rate risk Notional va
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22.6 Exposure to exchange-rate risk
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22.8 Hedge Accounting The effects a
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At December 31, 2010, the average m
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25. Goods and utilities expenses Go
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The following table sets out the de
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The reconciliation between the theo
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34. Transactions with related parti
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36. Cash flow statement 36.1. Cash
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38. Considerations to the Independe
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Annex 1 The following table has bee
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Company Registered office Share cap
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Representation form pursuant to art
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Financial statements Balance sheet
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Statement of comprehensive income (
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Cash flow statement 2010 2009 (euro
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Transactions with related parties o
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Summary of resolutions The Annual G
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Extraordinary session: 1) to amend
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Report on Corporate Governance and
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c) Significant shareholders as disc
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In the event of presentation of mor
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By resolution of June 20 th , 2007,
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d) Analysis of controls at process
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8) the various company functions, w
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knowledge of the company and its dy
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Emilio Zanetti * Unione di Banche I
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at their request, the Chief Executi
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The lists must be presented at the
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- for the simultaneous replacement
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Within the Board of Directors, the
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their level of agreement has been m
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The Board of Directors, with the as
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TABLE 2 BOARD OF STATUTORY AUDITORS
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Code of ethics The Code, approved f
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only if the unrelated shareholders
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EQUITY INVESTMENTS OF DIRECTORS, ST
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parent company, on a regular basis,
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Stock option plan for directors - 2
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Based on the opinion of the Committ
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g) Share capital increase; disposal
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Italcementi S.p.A. will have a pre-
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iii) approving for each assignee th
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216
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Annex 1 Highlights from the most re
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(in thousands of euro) Full name Po
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STOCK OPTIONS GRANTED TO DIRECTORS
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CIMENTS FRANÇAIS S.A. Options held
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Corporate bodies resulting from the
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italcementi S.p.A. Via G. Camozzi,
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Report 2010 - Italcementi Group

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