Holcim Ltd http://www.alacrastore.com/company-snapshot/Holcim_Ltd-1019182 Saturday, August 30, 2008 9:54:52 AM 1019182 Holcim Ltd en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/742190bir/742190normHolcim Ltd.Holderbank Financiere Glarus Ltd.St. Lawrence Cement Group Inc.SwitzerlandManufacting: Suppliers of cement and aggregates (crushed stone, sand and gravel) as well as further activities such as ready-mix concrete and asphalt including services.3241327367193273103273205511129IMHCMLF8/26/2008 6:21:54 AM742190Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/cs/73512cs/73512norm Holcim H###: A Weak Second Leg, But Still the Gold Medal Favourite! In a somewhat extended European Building Materials H### earnings season Holcim today reported what we view as a decidedly mixed set of results capped by a revision...735123122YesD0Article1368corp193726133968Earnings Reports - Industrials/Consumer8/21/2008 9:05:06 PM150In a somewhat extended European Building Materials H108 earnings season Holcim today reported a lacklustre set of results capped by a revision of its earnings guidance for the 2008 financial year.73512Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/428637_pr_framefitch/428637_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AB ElectroluxAB VolvoAir Liquide S.A.Akzo Nobel N.V.Arcelik A.S.BAE Systems plcBASF SECemex Espana S.A.Ciba Holding Inc.Cognis GmbhCompagnie Financiere Michelin (CFM)Continental AGCRH plcDaimler AGEurochem Mineral And Chemical Company JscEuropean Aeronautic Defence and Space Co., (EADS)Fiat SpAFinmeccanica SpAFord Otosan A.S.GKN Holdings plcHeidelbergCement AGHolcim LtdKazanorgsintez JSCKoninklijke DSM N.V.Lafarge S.A.Lanxess AGLyondellBasell Industries AF S.C.ANizhnekamskneftekhimOAO Kontsern StirolPetkim Petrokimya Holding A.S.Pfleiderer AGPSA Peugeot Citroen S.A.Renault SARhodia S.A.Robert Bosch GmbHRolls Royce Group plcSABIC Europe BVSaint Gobain S.A.Saudi Basic Industries Corporation (SABIC)SIBUR Holding OJSCSolvay SAThales S.A.Vestel Elektronik Sanayi ve TicaretVolkswagen AG80090305803595788035994380360000803602128036051580360517803605248036070880360751803611538036126680361286803612888036133980361368804609688050441880506592806221928063842281023431819133198207994882291694823062948250791682557725828287258303273183209014832242718325412083309480834888718361246583746465837718658383786583942865839596668401726984667073847482708/7/2008 2:20:00 PM01000000010300000103060001030900010309010103110001031300010313010103130201031400010315000103170385Press Release012053131902010AIAKZAARCLKBABASCIBNCONCRHDAIDSMEADELUX BFFNCHEIHOHOLNKZOSLXSNKNCPETKMPFD4RHARRSGOSOLBSTIRUGVESTLVOLV AVOW428637_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/cs/72440cs/72440norm High Value Names In A Highly Volatile Environment As the difficult times in investment markets continue, we once again filter our coverage universe for defensive names across a breadth of sectors that offer appeal at current levels...724404094YesD0Article10127629306705808356623031206237136871420212046141741351141594442338585149046010240315821432550472871287159997199336238895545116985hystrategy2931338221413093260416515283872351789Strategy Most Read Research7/30/2008 11:05:00 PM150As the difficult times in investment markets continue, we once again filter our coverage universe for defensive names across a breadth of sectors that offer appeal at current levels72440Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/71623cs/71623norm Holcim #Q## Tearsheet Holcim is our pick of the European Building Materials producers: based on its well diversified business portfolio (of cement, aggregates and concrete assets), market leading positions, experienced management team...YesC21Tearsheet1368tearsheets/premium61723397/24/2008 11:05:47 AM1505877162371623Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/PBC_109642moodys/PBC_109642pdf...Headquartered in Jona, Switzerland, Holcim (rated Baa#/P-#/stable) is one of the world s leading producers of cement and aggregates as well as being involved in further activities such as ready-mix concrete, asphalt and a range of other services. Founded in #### in Switzerland, the company today operates in more than ## countries across all continents and employs a workforce of around ##,###. Its production capacity is ### million tonnes of cement. Turnover in the financial year #### was CHF## billion ( ##.# billion) . Holcim s largest shareholder is Thomas Schmidheiny with a share of ##.#% as at year-end ####. Market capitalisation as at ## May #### was CHF## billion. ... 6/27/2008 12:17:55 PMpdfHolcim LtdHolcim Ltd600064125300.0000AnalysisAnalysisPBC_109642Credit & Investment ResearchMoody's Global Credit ResearchSPAIN - Holcim Espana SA, a unit of Holcim Ltd, agreed to acquire the entire share capital of Tarmac Iberia SAU, a Madrid-based wholesaler of construction materials, from Anglo American PLC, for an estimated ### mil euros ($###.### mil US). The transaction was subject to regulatory approvals.6/14/2008 12:35:47 PM43411V86929J43415K03485PHolcim Espana SATarmac Iberia SAUHolcim LtdAnglo American PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Holcim_Espana_SA_acquires_Tarmac_Iberia_SAU_from_Anglo_American_PLC-1986588040sdc/19865880401986588040Copyright © 2008, Thomson Financial, All Rights ReservedWholesale Trade-Durable GoodsSpainBrick, stone, and related construction materials5032FFForeignSubsidiary3272:Concrete products, except block and brick5032:Brick, stone, and related construction materials5063:Electrical apparatus and equip2951:Asphalt paving mixtures and blocks3241:Cement, hydraulic3271:Concrete block and brick3272:Concrete products, except block and brick3275:Gypsum products5032:Brick, stone, and related construction materialsWholesale Trade-Durable GoodsSpainBrick, stone, and related construction materials5032FFForeignSubsidiary899395001Mnfr,whl cementGold,uranium,diamond miningCashCash OnlyStock1022615001Jun 14 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.00000Holcim Espana SA, located inMadrid Spain, wholesalesconstruction materials such ascement, aggregates andready-mix concrete in themetropolitan area of Madridand on the Mediterraneancoast. The company operates 6cement plants, 22 ready-mixconcrete facilities and 6 drymortar plants. The company wasfounded in 1980.Holcim Espana SA, located in Madrid Spain, wholesalesconstruction materials such as cement, aggregates andready-mix concrete in the metropolitan area of Madrid and onthe Mediterranean coast. The company operates 6 cementplants, 22 ready-mix concrete facilities and 6 dry mortarplants. The company was founded in 1980.Holcim Espana SA, located in Madrid Spain, wholesales construction materials such as cement, aggregates and ready-mix concrete in the metropolitan area of Madrid and on the Mediterranean coast. The company operates 6 cement plants, 22 ready-mix concrete facilities and 6 dry mortar plants. The company was founded in 1980.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.00000Tarmac Iberia SAU, located inMadrid, Spain, wholesalesconstruction materials such asready-mix concrete andaggregates. The companysprimary markets are located inthe Greater Madrid area, onthe Mediterranean coast and inCatalonia. The group operates43 ready-mix concrete plantsand 8 aggregates operationsand an additional quarry.Tarmac Iberia SAU, located in Madrid, Spain, wholesalesconstruction materials such as ready-mix concrete andaggregates. The companys primary markets are located in theGreater Madrid area, on the Mediterranean coast and inCatalonia. The group operates 43 ready-mix concrete plantsand 8 aggregates operations and an additional quarry.Tarmac Iberia SAU, located in Madrid, Spain, wholesales construction materials such as ready-mix concrete and aggregates. The companys primary markets are located in the Greater Madrid area, on the Mediterranean coast and in Catalonia. The group operates 43 ready-mix concrete plants and 8 aggregates operations and an additional quarry.0.000000.000000.000000.00000YEURO13 Jun 08Fri, 13 Jun 2008 00:00:00 ESTDate Announced: 06/13/2008Date Effective:MergerFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.00000148 EURO148.000000.00000148 EURO148.000000.000000.000000.000000.00000148.00000148 EURO1.54600N117.572000.000000.000000.000000.000000.00000228.78300228.783000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.00000SPAIN - Holcim Espana SA, aunit of Holcim Ltd, agreed toacquire the entire sharecapital of Tarmac Iberia SAU,a Madrid-based wholesaler ofconstruction materials, fromAnglo American PLC, for anestimated 148 mil euros($228.783 mil US). Thetransaction was subject toregulatory approvals.SPAIN - Holcim Espana SA, a unit of Holcim Ltd, agreed to acquire the entire share capital of Tarmac Iberia SAU, a Madrid-based wholesaler of construction materials, from Anglo American PLC, for an estimated 148 mil euros ($228.783 mil US). The transaction was subject to regulatory approvals.SPAIN - Holcim Espana SA, a unit of Holcim Ltd, agreed to acquire the entire share capitalof Tarmac Iberia SAU, a Madrid-based wholesaler of construction materials, from AngloAmerican PLC, for an estimated 148 mil euros ($228.783 mil US). The transaction wassubject to regulatory approvals.SPAIN - Holcim Espana SA, a unit of Holcim Ltd, agreed to acquire the entire share capital of Tarmac Iberia SAU, a Madrid-based wholesaler of construction materials, from Anglo American PLC, for anestimated 148 mil euros ($228.783 mil US). The transaction was subject to regulatory approvals.SPAIN - Holcim Espana SA, a unit of Holcim Ltd, agreed to acquire the entire share capital of Tarmac Iberia SAU, a Madrid-basedwholesaler of construction materials, from Anglo American PLC, for an estimated 148 mil euros ($228.783 mil US). The transaction wassubject to regulatory approvals.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003272:Concrete products, except block and brick5032:Brick, stone, and related construction materials5039:Construction materials, nec5063:Electrical apparatus and equip2868002Swiss ExchSwitzerland3241ForeignPublicHOLN0811:Timber tracts0831:Forest nurseries and gathering of forest products0851:Forestry services1021:Copper ores1041:Gold ores1061:Ferroalloy ores, except vanadium1094:Uranium-radium-vanadium ores1099:Miscellaneous metal ores, nec1221:Bituminous coal and lignite surface mining1222:Bituminous coal underground mining1231:Anthracite mining1499:Miscellaneous nonmetallic minerals, except fuels7389:Business services, nec13436002LondonUnited Kingdom1041ForeignPublicAAL228.78300148.00000228.78300117.57200Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PR_156922_820986892moodys/PR_156922_820986892htmlGlobal Credit Research Rating Action ## JUN #### Rating Action: Holcim Finance (Belgium) S.A. Moody's assigns a P-# short term rating to Holcim Ltd. Frankfurt, June ##, #### -- Moody's Investors Services has today assigned a P-# short...6/11/2008 12:30:15 AMhtmlHolcim Finance (Belgium) S.A.Holcim Capital (Thailand) Ltd.Holcim US Finance S.a r.l. & Cie S.C.S.Holcim Overseas Finance Ltd.Holcim GB Finance Ltd.Holcim Finance (Luxembourg) S.A.Holcim Finance (Canada) Inc.Holcim European Finance Ltd.Holcim Finance (Australia) Pty ltdHolcim Capital CorporationHolcim LtdHolcim Capital (Thailand) Ltd.; Holcim Capital Corporation; Holcim European Finance Ltd.; ...820986892820985649820973286820973284820973275820973265820973263820973243600066430600066272600064125150.0000NewsRating ActionPR_156922_820986892Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/389302_report_framefitch/389302_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Holcim Ltd823062946/10/2008 10:14:00 AM010000000103000001030900165Credit UpdateHOLN389302_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/cs/51251cs/51251norm European Building Materials #### Sector Outlook Part II - Credit and Relative Value Review In Part I if our European Building Materials Outlook ####, we discussed the fundamental economic outlook for ####, reviewed M&A activity and...512517871YesD0Article10122048196013681951101920342063corphy1934781007261583397242High Yield21Sector Outlooks5/20/2008 2:14:41 PM150In Part II of our Outlook, we discuss the Sector's overall credit profile, present a peer comparison and provide detailed credit and investment summaries for our coverage universe.51251Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/50966cs/50966norm European Building Materials #### Outlook: Part I - Sector Trends In this report, we discuss the fundamental economic outlook for ####, review M&A activity and event risk, analyse the sector's equity performance, talk about the near...1960corphy7819372461393724Asbestos42High Yield21Sector Outlooks5/19/2008 6:49:20 PM150CreditSights expects the 2006 themes to continue into 2007, but with a more muted construction outlook. We maintain our Marketweight recommendation on the European Building Materials Sector.509667149YesD0Article1368202120481012195120341961101950966Credit & Investment ResearchCreditSightsINDONESIA - Holcim Indonesia Tbk PT, a majority-owned unit of Holcim Ltd acquire the entire share capital of Bintang Polindo Perkasa PT, a cement manufacturer.5/13/2008 2:13:05 PM43417J09198R43415K09198RHolcim Indonesia Tbk PTBintang Polindo Perkasa PTHolcim LtdBintang Polindo Perkasa PThttp://www.alacrastore.com/storecontent/Thomson_M%26A/Holcim_Indonesia_Tbk_PT_acquires_Bintang_Polindo_Perkasa_PT-1976655040sdc/19766550401976655040Copyright © 2008, Thomson Financial, All Rights ReservedJakartaStone, Clay, Glass, and Concrete ProductsIndonesiaCement, hydraulic3241FFForeignPublicSMCB3241:Cement, hydraulic3241:Cement, hydraulic3271:Concrete block and brick3272:Concrete products, except block and brick3275:Gypsum products5032:Brick, stone, and related construction materialsStone, Clay, Glass, and Concrete ProductsIndonesiaCement, hydraulic3241FFForeignPrivate220240002Mnfr,whl cementMnfr cementUnspecifiedStock1010020001May 13 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.00000Holcim Indonesia Tbk PT is ahydraulic cement manufacturer,headquartered in Indonesia.Holcim Indonesia Tbk PT is a hydraulic cement manufacturer,headquartered in Indonesia.Holcim Indonesia Tbk PT is a hydraulic cement manufacturer, headquartered in Indonesia.1.000002.000003.000004.000005.000006.00000Bintang Polindo Perkasa PT isa cement manufacturer,headquartered in Indonesia.The company is primarilyengaged in grinding ofcements.Bintang Polindo Perkasa PT is a cement manufacturer,headquartered in Indonesia. The company is primarily engagedin grinding of cements.Bintang Polindo Perkasa PT is a cement manufacturer, headquartered in Indonesia. The company is primarily engaged in grinding of cements.0.000000.000000.000000.00000Y09 May 08Fri, 09 May 2008 00:00:00 ESTDate Announced: 05/09/200809 May 08Date Effective: 05/09/200809 May 08MergerFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.00000781.616000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000INDONESIA - Holcim IndonesiaTbk PT, a majority-owned unitof Holcim Ltd acquire theentire share capital ofBintang Polindo Perkasa PT, acement manufacturer.INDONESIA - Holcim Indonesia Tbk PT, a majority-owned unit of Holcim Ltd acquire the entire share capital of Bintang Polindo Perkasa PT, a cement manufacturer.INDONESIA - Holcim Indonesia Tbk PT, a majority-owned unit of Holcim Ltd acquire theentire share capital of Bintang Polindo Perkasa PT, a cement manufacturer.INDONESIA - Holcim Indonesia Tbk PT, a majority-owned unit of Holcim Ltd acquire the entire share capital of Bintang Polindo Perkasa PT, a cement manufacturer.INDONESIA - Holcim Indonesia Tbk PT, a majority-owned unit of Holcim Ltd acquire the entire share capital of Bintang Polindo Perkasa PT,a cement manufacturer.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001422:Crushed and broken limestone3241:Cement, hydraulic3559:Special industry machinery, nec2868002Swiss ExchSwitzerland3241ForeignPublicHOLN1422:Crushed and broken limestone3241:Cement, hydraulic3559:Special industry machinery, nec1010020001Indonesia3241ForeignPrivate0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/cs/69012cs/69012norm Holcim Q###: A Mixed Quarter, but Credit Ratios Remains Strong Holcim kicked off the quarterly Earnings Season for the European Building Materials Sector by reporting a fall in Operating Profit for the first time in three years, as...690123239YesD0Article1368mc/othereurope/mc/othercorp193726133968Earnings Reports - Industrials/Consumer5/8/2008 9:05:00 AM150Holcim kicked off the quarterly Earnings Season for the European Building Materials Sector by reporting a fall in Operating Profit for the first time in three years69012Credit & Investment ResearchCreditSightsMALAYSIA - Holcim Ltd was rumored to be planning to acquire all the entire share capital of Tasek Corp Bhd, a Sungai Buloh-based manufacturer and wholesaler of cement.4/25/2008 10:29:22 AM43415K87664F43415K87664FHolcim LtdTasek Corp BhdHolcim LtdTasek Corp Bhdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Holcim_Ltd_is_rumored_to_be_planning_to_acquire_Tasek_Corp_Bhd-1972275040sdc/19722750401972275040Copyright © 2008, Thomson Financial, All Rights ReservedSwiss ExchStone, Clay, Glass, and Concrete ProductsSwitzerlandCement, hydraulic3241FFForeignPublicHOLN3241:Cement, hydraulic3271:Concrete block and brick3272:Concrete products, except block and brick3275:Gypsum products5032:Brick, stone, and related construction materials3241:Cement, hydraulic3271:Concrete block and brick3272:Concrete products, except block and brick3275:Gypsum products5032:Brick, stone, and related construction materialsKuala LumpStone, Clay, Glass, and Concrete ProductsMalaysiaCement, hydraulic3241FFForeignPublicTASEK2868002Mnfr,whl cementMnfr,whl cementNot ApplicableOrdinary Share613345001Apr 25 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000Holcim Ltd, located in Zurich,manufactures and wholesalescement and concrete materialssuch as crushed stones, graveland sand. The company wasfounded in 1912.Holcim Ltd, located in Zurich, manufactures and wholesalescement and concrete materials such as crushed stones, graveland sand. The company was founded in 1912.Holcim Ltd, located in Zurich, manufactures and wholesales cement and concrete materials such as crushed stones, gravel and sand. The company was founded in 1912.1.000002.000003.000004.000005.00000Tasek Corp Bhd, located inSungai Buloh, Malaysiamanufactures and wholesalescement. The company wasfounded in 1962.Tasek Corp Bhd, located in Sungai Buloh, Malaysiamanufactures and wholesales cement. The company was foundedin 1962.Tasek Corp Bhd, located in Sungai Buloh, Malaysia manufactures and wholesales cement. The company was founded in 1962.0.000000.000000.00000184.95000Y24 Apr 08Thu, 24 Apr 2008 00:00:00 ESTDate Announced: 04/24/2008Date Effective:MergerNot Appl.0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000MALAYSIA - Holcim Ltd wasrumored to be planning toacquire all the entire sharecapital of Tasek Corp Bhd, aSungai Buloh-basedmanufacturer and wholesaler ofcement.MALAYSIA - Holcim Ltd was rumored to be planning to acquire all the entire share capital of Tasek Corp Bhd, a Sungai Buloh-based manufacturer and wholesaler of cement.MALAYSIA - Holcim Ltd was rumored to be planning to acquire all the entire share capitalof Tasek Corp Bhd, a Sungai Buloh-based manufacturer and wholesaler of cement.MALAYSIA - Holcim Ltd was rumored to be planning to acquire all the entire share capital of Tasek Corp Bhd, a Sungai Buloh-based manufacturer and wholesaler of cement.MALAYSIA - Holcim Ltd was rumored to be planning to acquire all the entire share capital of Tasek Corp Bhd, a Sungai Buloh-basedmanufacturer and wholesaler of cement.Rumor0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Rumor-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003241:Cement, hydraulic5039:Construction materials, nec2868002Swiss ExchSwitzerland3241ForeignPublicHOLN3241:Cement, hydraulic5039:Construction materials, nec613345001Kuala LumpMalaysia3241ForeignPublicTASEK0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/cs/67811cs/67811norm Holcim FY## Tearsheet Holcim maintains a geographically well diversified portfolio of cement, aggregates and concrete assets.Successful expansion through acquisitions has been funded through a mix of debt and equity.Holcim is our pick...67811570YesC21Tearsheet1368tearsheets/premium61723394/17/2008 2:07:55 PM15067811Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/59758cs/59758norm US Housing and European Building Materials - The Straw That Breaks The Camel's Back? We review the impact of the current US Housing Crisis on the credit quality of the European Building Materials sector How are the US Housing Decline...20636411347bscore/researchcorp/reportshycorp193147872100396172342High Yield21Sector Outlooks7BondScore48Transcripts4/12/2008 10:13:00 PM250Slides and transcript from our speech at the Third Annual CreditSights September Conference held last week in London. We review the impact of the current US Housing Crisis on the credit quality of the European Building Materials sector.1960BondScore1368101220481019203852202119512035597586321YesD859758Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/66393cs/66393norm Defensive Credits We Like In a Market We Don't Much has changed in the credit markets in the last eight months leaving investors understandably gun shy despite the historically wide level of spreads. We look across more than ### names...663936695YesD0Article24574427141028562913687814114911706133604602735855509971479895471603202871432322corpstrategy4726929822386114131554172889Strategy Most Read Research42High Yield54Euro Markets Issuers3/13/2008 2:05:00 AM150We offer a selection of recommended credits suited to investors with a low to moderate tolerance for risk.66393Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/619242spcred/619242normThe latest Summary from S&P12/12/2007 10:32:24 AMSummary175global619242SwitzerlandConstruction MaterialsEurope, Middle East, AfricaLatin AmericaPacificGlobal IssuersCorporationsBuilding MaterialsCapital GoodsSummaryThe ratings on Switzerland-based Holcim Ltd. are supported by its good and stable profitability, which translate into strong cash flow generation for the group. Holcim's leading business position as the world's second-largest cement producer with good geographic and product diversification are also positive rating factors. These strengths are offset by the group's strategy of growth through acquisitions, which results in an intermediate financial profile. This is illustrated by Holcim's wholly debt-financed acquisitions of U.K.-based Aggregate Industries (AI) and an investment in India in 2005, which added additional net debt of Swiss franc (CHF) 6.4 billion to Holcim's balance sheet. Further investments in India, China, the U.K., U.S., and Canada have also been debt financed. Holcim has helped offset the impactCHE43474115102010 151020 1510 15Holcim Ltd.121067EUROMIDAFRLATAMERICAPACHOLN@VXSUMMARYGLOBISSCORPBuildingCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/604777spcred/604777normThe latest Full Report from S&P9/28/2007 4:32:00 AMFull Report400global604777SwitzerlandConstruction MaterialsEurope, Middle East, AfricaLatin AmericaPacificGlobal IssuersFinancial InstitutionsCorporationsBuilding MaterialsCapital GoodsFull ReportBroad geographic diversification, especially within Latin America, where the group makes 20% of its profits Cost-efficient operations Good and stable profitability over the past five years Consistently strong free cash flow generation Cyclicality, seasonality, and high capital intensity of the cement industry High exposure to antitrust investigations and potential fines for alleged anticompetitive practices due to the highly consolidated nature of some markets The ratings on Switzerland-based Holcim Ltd. are supported by its good and stable profitability, which translate into strong cash flow generation for the group. Holcim's leading business position as the world's second-largest cement producer with good geographic and product diversification are also positive rating factors. These strengths are offset by the group's strategy of growth through acquisitions,CHE43474115102010 151020 1510 15Holcim Ltd.121067EUROMIDAFRLATAMERICAPACHOLN@VXFULLUSA43642915102010 151020 1510 15Holcim (U.S.) Inc.101166USAEUROMIDAFRGLOBISSFICORPBuildingCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/604779spcred/604779normThe latest Summary from S&P9/28/2007 4:32:00 AMSummary175global604779SwitzerlandConstruction MaterialsEurope, Middle East, AfricaLatin AmericaPacificGlobal IssuersCorporationsBuilding MaterialsCapital GoodsSummaryThe ratings on Switzerland-based Holcim Ltd. are supported by its good and stable profitability, which translate into strong cash flow generation for the group. Holcim's leading business position as the world's second-largest cement producer with good geographic and product diversification are also positive rating factors. These strengths are offset by the group's strategy of growth through acquisitions, which results in an intermediate financial profile. This is illustrated by Holcim's wholly debt-financed acquisitions of U.K.-based Aggregate Industries (AI) and an investment in India in 2005, which added additional net debt of Swiss franc (CHF) 6.4 billion to Holcim's balance sheet. Further investments in India, China, the U.K., U.S., and Canada have also been debt financed. Holcim has helped offset the impactCHE43474115102010 151020 1510 15Holcim Ltd.121067EUROMIDAFRLATAMERICAPACHOLN@VXSUMMARYGLOBISSCORPBuildingCapitalCredit & Investment ResearchS&P Credit Research