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Presentation to the analysts and investors - Lafarge

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16<br />

II – Dem<strong>and</strong><br />

� Dem<strong>and</strong> anticipation is more difficult <strong>to</strong>day<br />

due <strong>to</strong> diversity of profiles<br />

� Translation of GDP growth in<strong>to</strong> construction growth<br />

� Translation of stimulus programs in<strong>to</strong> construction growth<br />

� Link between balances of payments<br />

<strong>and</strong> capacity <strong>to</strong> finance construction <strong>and</strong> infrastructure<br />

� In a great number of countries, cement dem<strong>and</strong> growth is resilient,<br />

albeit temporarily lower<br />

� O<strong>the</strong>r countries have seen markedly slowing growth<br />

but most of <strong>the</strong>m will benefit from government stimulus programs<br />

� We are preparing our Group <strong>to</strong> adjust <strong>to</strong> dem<strong>and</strong> conditions<br />

region by region in many different types of scenarios

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