2012 Annual Report - Italcementi Group

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Company Registered office Share capital Direct Indirect % Interest held by Group companies Method Naga Property Co Bangkok TH BT 100,000,000.00 - 58.96 58.96 Jalaprathan Cement Public Co. Ltd. (*) Line-by-line Neuciclaje S.A. Bilbao E € 396,669.00 - 30.00 30.00 Sociedad Financiera y Minera S.A. Novhorvi S.A. Vitoria E € 180,300.00 - 25.00 25.00 Hormigones y Minas S.A. Parcib s.a.s. Puteaux F € 34,000,000.00 - 100.00 100.00 Ciments Français S.A. Line-by-line Procimar S.A. Casablanca MAR MAD 37,500,000.00 - 99.99 99.99 Ciments Français S.A. Line-by-line Riverton Corporation Winchester USA USD 859,310.00 - 100.00 100.00 Riverton Investment Corporation Line-by-line Riverton Investment Corporation Winchester USA USD 8,340.00 - 100.00 100.00 Essroc Cement Corp. Line-by-line Société Dijon Béton SA Dijon F € 184,000.00 - 15.00 15.00 GSM S.a.s. Equity Saarlandische Zementgesellschaft MBH Saarbrucken D € 52,000.00 - 80.00 80.00 Ciminter S.A. Line-by-line Sablimaris S.a.s. Lanester F € 4,094,776.00 - 100.00 66.28 Dragages Transports & Travaux Maritimes S.A. Proportionate Sable Classifie et Equipement de Wilson Ltèe 33.72 Les Sabliers de l’Odet Alcove CAN CAD 12,100.00 - 100.00 100.00 Essroc Canada Inc. Line-by-line Sas des Gresillons Paris F € 60,000.00 - 35.00 35.00 GSM S.a.s. Proportionate Sax S.a.s. Guerville F € 482,800.00 - 100.00 100.00 Ciments Français S.A. Line-by-line SCI de Balloy Avon F € 20,310.00 - 100.00 100.00 GSM S.a.s. Line-by-line SCI de Barbeau Bray sur Seine F € 8,000.00 - 49.00 49.00 GSM S.a.s. SCI des Granets Cayeux sur M. F € 4,575.00 - 33.33 33.33 GSM S.a.s. SCI du Colombier Rungis F € 2,000.00 - 63.00 63.00 GSM S.a.s. Line-by-line SCI Taponnat Cherves Richemont F € 1,500.00 - 50.00 50.00 GSM S.a.s. Scori S.A. Plaisir F € 1,092,800.00 - 13.95 13.95 Ciments Calcia S.a.s. Seas Co. Ltd. Bangkok TH BT 10,000,000.00 - 99.98 99.98 Ciments Français S.A. Line-by-line Shymkent Cement JSC Shymkent KAZ TEN 380,660,000.00 - 92.88 92.88 Codesib S.a.s. Line-by-line Singha Cement (Private) Limited Colombo SRI L. LKR 397,395,770.00 - 80.16 80.16 Ciments Français S.A. Line-by-line Sitapuram Power Limited Hyderabad IN INR 480,000,000.00 - 50.99 50.99 Zuari Cement Ltd. Line-by-line Sociedad Financiera y Minera S.A. Malaga E € 39,160,000.00 - 99.94 96.45 Ciments Français Line-by-line 3.02 Hormigones y Minas S.A. 0.47 Sociedad Financiera y Minera S.A. 99.94 (voting rights: Ciments Français) Société Calcaires Lorrains Heillecourt F € 40,000.00 - 49.92 49.92 GSM S.a.s. Proportionate Société Civile Bachant le Grand Bonval Rheims F € 1,500.00 - 80.00 80.00 GSM S.a.s. Société Civile d'Exploitation Rheims F € 3,000.00 - 90.00 50.00 Société Civile Bachant le Grand Bonval Agricôle de l'Avesnois 40.00 GSM S.a.s. Société de la Grange d'Etaule Gray F € 3,750.00 - 99.60 99.60 Ciments Calcia S.a.s. Line-by-line Société des Calcaires de Souppes sur Loing S.C.S.L. Souppes sur Loing F € 2,145,000.00 - 50.00 50.00 GSM S.a.s. Proportionate Société des Carrières Tournai B € 12,297,053.42 - 65.00 42.69 Ciments Français S.A. Proportionate du Tournaisis S.C.T. S.A. 16.31 Ciments Calcia S.a.s. 6.00 Compagnie des Ciments Belges S.A. Société Foncière de la Petite Seine S.a.s. Saint Sauveur les Bray F € 500,000.00 - 42.25 42.25 GSM S.a.s. Proportionate Société Parisienne des Sablières S.A. Pont de L’Arche F € 320,000.00 - 50.00 50.00 GSM S.a.s. Proportionate Socli S.a.s. Izaourt F € 144,960.00 - 99.99 99.99 Ciments Calcia S.a.s. Line-by-line Sodramaris S.n.c. La Rochelle F € 7,001,000.00 - 50.00 50.00 GSM S.a.s. Proportionate Soficem S.n.c. Puteaux F € 1,000.00 - 100.00 99.00 Ciments Français S.A. Line-by-line 1.00 Compagnie Financière et de Partecipations S.a.s. Srt Rouennaise de Transformation Grand Couronne F € 7,500.00 - 60.00 60.00 Ciments Calcia S.a.s. Line-by-line Ste Aquitaine de Transformation S.a.s. Saint Cloud F € 10,000,000.00 - 40.00 40.00 Ciments Calcia S.a.s. Equity Ste Extraction & Amenagement de la Plaine de Marolles S.a.s. Avon F € 40,000.00 - 56.40 56.40 GSM S.a.s. Proportionate Stinkal S.a.s. Ferques F € 1,540,000.00 - 35.00 35.00 GSM S.a.s. Equity St. Basile Transport Inc. St. Basile CAN CAD 9,910.00 - 100.00 100.00 Ciment Quebec Inc. Equity Suez Bag Company SAE Cairo EGY LE 20,250,000.00 - 57.84 53.32 Suez Cement Company SAE Line-by-line 4.52 Tourah Portland Cement Company SAE Suez Bosphorus Cimento Sanayi Ticaret Istanbul TR YTL 50,000.00 - 99.99 99.99 Suez Cement Company SAE Line-by-line 140
2012 Annual Report Presentation 4 General information 14 Annual Report Consolidated Annual Report Directors’ report 30 Sustainability disclosure Italcementi S.p.A. Annual Report Consolidated financial statements 63 Extraordinary session 351 Company Registered office Share capital Direct Indirect % Interest held by Group companies Method Suez Cement Company SAE Cairo EGY LE 909,282,535.00 - 55.07 26.05 Menaf S.a.s. Line-by-line 12.36 Ciments Français S.A. 11.66 Ciments du Maroc S.A. 5.00 Tercim S.A. Suez for Import & Export Company SAE Cairo EGY LE 3,750,000.00 - 100.00 40.00 Axim for Industrials SAE Line-by-line 40.00 Development for Industries Co. SAE 20.00 Suez for Transportation & Trade SAE Suez for Transportation & Trade SAE Cairo EGY LE 10,000,000.00 - 100.00 55.00 Helwan Cement Co. Line-by-line 35.00 Suez Cement Company SAE 10.00 Tourah Portland Cement Company SAE Suez Lime SAE Cairo EGY LE 7,390,000.00 - 50.00 49.00 Suez Cement Company SAE Proportionate 1.00 Tourah Portland Cement Company SAE Tameer Betoon for Trading Equity and Contracting LLC Doha Q QAR 200,000.00 - 49.00 49.00 Hilal Cement Company Technodes S.a.s. Guerville F € 3,200,000.00 - 100.00 100.00 Ciments Français S.A. Line-by-line Tecno Gravel Egypt SAE Cairo EGY LE 15,000,000.00 - 45.00 45.00 Suez Cement Company SAE Equity Teracem Limited Accra GH GHC 32,000,000.00 - 100.00 100.00 Tercim S.A. Tercim S.A.S. Puteaux F € 55,539,000.00 - 100.00 100.00 Ciments Français S.A. Line-by-line Tomahawk Inc. Wilmington USA USD 100.00 - 100.00 100.00 Essroc Cement Corp. Line-by-line Tourah Portland Cement Company SAE Cairo EGY LE 357,621,000.00 - 71.93 66.12 Suez Cement Company SAE Line-by-line 5.81 Menaf S.a.s. Trabel Affetement S.A. Gaurain Ramecroix B € 61,500.00 - 100.00 99.84 Tratel S.a.s. Line-by-line 0.16 Ciments Calcia S.a.s. Trabel Transports S.A. Gaurain-Ramecroix B € 750,000.00 - 100.00 89.97 Tratel S.a.s. Line-by-line 10.03 Compagnie des Ciments Belges S.A. Tragor S.a.s. Pessac F € 892,048.00 - 100.00 100.00 Tratel S.a.s. Line-by-line Tratel S.a.s. Guerville F € 6,025,580.00 - 100.00 100.00 Ciments Calcia S.a.s. Line-by-line Unibéton Luxembourg S.A. Luxembourg L € 35,000.00 - 100.00 100.00 Unibéton S.a.s. Unibéton S.a.s. Guerville F € 27,159,732.00 - 99.99 99.99 Ciments Français S.A. Line-by-line Unibéton Var S.a.s. Lambesc F € 40,000.00 - 100.00 100.00 Unibéton S.a.s. Line-by-line Universal Co. For Ready Mix Concrete Cairo Production SAE EGY LE 234,857,100.00 - 52.00 52.00 Suez Cement Company SAE Line-by-line Uniwerbéton S.a.s. Heillecourt F € 160,000.00 - 70.00 70.00 Unibéton S.a.s. Line-by-line Valoise S.a.s. Pierrelaye F € 37,570.00 - 60.00 60.00 GSM S.a.s. Proportionate Vaniyuth Co. Ltd. Bangkok TH BT 100,000.00 - 48.80 48.80 Investcim S.A. Line-by-line Vassiliko Cement Works Ltd. Nicosia CYP € 30,932,457.21 - 24.65 14.94 Italmed Cement Company Ltd. Equity 9.71 Compagnie Financière et de Participations S.A.S. Ventore S.L. Malaga E € 14,400.00 - 100.00 99.56 Sociedad Financiera y Minera S.A. Line-by-line 0.44 Hormigones y Minas S.A. Vesprapat Holding Co, Ltd. Bangkok TH BT 20,000,000.00 - 49.00 49.00 Sax S.a.s. Line-by-line Vulkan Cement S.A. Dimitrovgrad BUL LEV 452,967.00 - 98.57 70.00 Ciments Français S.A. Line-by-line 28.57 Devnya Cement A.D. Xinpro Limited Puteaux F € 37,000.00 - 100.00 100.00 Ciments Français S.A. Line-by-line Yuzhno-Kyrgyzsky Cement Batken Oblast KG KGS 528,317,200.00 - 11.00 11.00 Codesib S.a.s. Zuari Cement Ltd. Andra Pradesh IN INR 4,279,614,000.00 - 99.99 80.14 Ciments Français S.A. Line-by-line 19.85 Cie pour l’Investissement Financier en Inde (voting rights: 99.99 Ciments Français S.A.) (*) Percentage interest held by the Ciments Français Group 141 www.italcementigroup.com
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2012 Annual Report
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Contents PRESENTATION Letter to the
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Letter to the stakeholders Consolid
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Italcementi Group in the world (as
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Highlights Contribution to consolid
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Share prices and market capitalizat
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E) Share prices and market capitali
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Italcementi S.p.A. Directors, Offic
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Lorenzo Renato Guerini (Director si
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Alberto Clô (Director since May 4,
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Yves René Nanot (Director since Ju
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Board of Statutory Auditors Maria M
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Notice of Call Those who are entitl
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Appointment of the Board of Directo
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Annual Report Consolidated Annual R
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2012 Annual Report Presentation 4 G
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Financial statements Statement of f
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Statement of comprehensive income N
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Statement of cash flows Notes 2012
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21. Deferred tax assets and Deferre
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Amendments to IAS 12 “Income taxe
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1.3. Basis of consolidation The con
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Changes in equity interests in subs
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Operating lease payments are recogn
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1.15. Cash and cash equivalents Cas
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1.18. Share-based payments The Grou
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1.24. Government grants Government
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4. Operating segment disclosure The
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The table below sets out segment re
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Page 112 and 113: Bond loans f) The Italcementi Group
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Page 116 and 117: At December 31, 2012 lines of credi
Page 118 and 119: 22.3.1 Fair value of derivatives Th
Page 120 and 121: 22.4 Interest-rate risk management
Page 122 and 123: The Group companies operate chiefly
Page 124 and 125: From 2008 to 2012, the Group transa
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Page 128 and 129: 29. Non-recurring income (expense)
Page 130 and 131: The income statement and the statem
Page 132 and 133: Diluted earnings per share Diluted
Page 134 and 135: 36. Joint ventures The Group’s mo
Page 136 and 137: Net debt (in thousands of euro) amo
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Page 140 and 141: Company Registered office Share cap
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Separated financial statements 241
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Annexes 303 www.italcementigroup.co
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ITALCEMENTI S.P.A. REPORT OF THE BO
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We ascertained that the Remuneratio
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312
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Sustainability disclosure Italcemen
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In 2010, the Group reinforced its a
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2 Looking forward 2.1 Targets 2015
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3 Social responsibility 3.1 Valuing
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2012 2011 2010 2012 2011 2010 Italy
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Trainees (%) 2012 2011 2010 Manager
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3.3 Health and product responsibili
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The Social Initiatives Policy reinf
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In 2012, Energy Efficiency Certific
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Power consumption, concrete 2012 20
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4.3 Air emissions At the end of 201
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Water consumption, cement 2012 2011
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Quarry management, cement (*) Matur
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5.2 Quality The Group is committed
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5.4 Sustainable construction Italce
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6 Reporting and additional informat
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6.4 Boundaries and reporting method
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Training management system Hours of
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Extraordinary session 351 www.italc
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Summary of resolutions The Annual G
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at an extraordinary session: to ren
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April 2013 Project by LSVmultimedia
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2012 Annual Report - Italcementi Group

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