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Presentation to the analysts and investors - Lafarge

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64<br />

Operation<br />

P<br />

O<br />

S<br />

T<br />

-<br />

A<br />

U<br />

D<br />

I<br />

T<br />

4<br />

Implementation<br />

C<br />

L<br />

O<br />

S<br />

I<br />

N<br />

G<br />

Start<br />

depreciation<br />

1<br />

Opportunity<br />

qualification<br />

Business case<br />

Strategy<br />

S<br />

E<br />

L<br />

E<br />

C<br />

T<br />

I<br />

O<br />

N<br />

Validation<br />

by<br />

Division<br />

2<br />

Concepts<br />

&<br />

feasibility<br />

study<br />

C<br />

L<br />

E<br />

A<br />

R<br />

A<br />

N<br />

C<br />

E<br />

Clearance<br />

At<br />

Group level<br />

3<br />

Project<br />

design<br />

A<br />

P<br />

P<br />

R<br />

O<br />

P<br />

R<br />

I<br />

A<br />

T<br />

I<br />

O<br />

N<br />

Appropriation<br />

validation<br />

Capex Projects Approval Process:<br />

Phase by Phase

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