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The slides for the analyst presentation - Lafarge

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Higher Volumes to Drive 2011 Earnings Growth<br />

� High quality plants to capture volume growth in emerging markets<br />

� Fundamental drivers of construction remain strong<br />

� Market expansion is absorbing new capacities<br />

� <strong>Lafarge</strong>’s strategically placed 68 MT of capacity additions between<br />

2006 and 2010 will drive growth<br />

� New Brazilian assets significantly contributing to results<br />

� Lower cost base in place as volumes improve in developed markets<br />

� Large room <strong>for</strong> recovery<br />

� Significant operating leverage potential as volumes return<br />

� Taking fur<strong>the</strong>r action to offset <strong>the</strong> impact of higher inflation<br />

� Price increase announcements made / being planned<br />

� Cost cutting actions continue to be significant<br />

A return to growth<br />

5

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