Exhibit 2

2018 FIRST QUARTER RESULTS Philippine Stock Exchange Ticker: CHP + 632 849 3600 E-Mail: chp.ir@cemex.com

2018 First Quarter Results Page 2 Operating and Financial Highlights 20182017% var20182017% varNet sales5,8915,36210%5,8915,36210%Gross profit2,4462,573 (5%)2,4462,573 (5%) as % of net sales42%48% (6pp)42%48% (6pp)Operating earnings before other expenses, net557768 (28%)557768 (28%) as % of net sales9%14% (5pp)9%14% (5pp)Controlling Interest Net Income (Loss)100350(71%)100350(71%)Operating EBITDA8861,071 (17%)8861,071 (17%) as % of net sales15%20% (5pp)15%20% (5pp)Free cash flow after maintenance capital expenditures721(239)N/A721(239)N/AFree cash flow606(313)N/A606(313)N/ANet debt113,47614,865 (9%)13,47614,865 (9%)Total debt115,32715,647 (2%)15,32715,647 (2%)Earnings per share20.020.07 (71%)0.020.07 (71%)January—MarchFirst Quarter In millions of Philippine Pesos, except percentages and earnings per share 1 U.S. dollar debt converted using end-of-period exchange rate. See Debt Information on page 4 and Exchange Rates on page 7 for more detail. 2 In Philippine Pesos Net sales grew by 10% year-over-year during the first quarter as a result of higher volumes, mitigated by lower prices. Cost of sales went up by 24%. As a percentage of sales, this resulted to an increase of 6 pp year-over-year during the first quarter. Fuel costs accounted for 26% of cost of sales, up from 19% during the same period last year. This increase was mainly driven by timing differences in the usage of our coal inventory, and higher excise taxes on coal and liquid fuels. For the rest of the year, we expect the impact of fuel costs to lessen as our coal costs, having been fully contracted for 2018, start to converge closer to 2017 levels. Power costs accounted for 22% of cost of sales versus 21% during the same period last year. Higher grid rates in both our plants resulted to this increase. Operating expenses increased by 5%. As a percentage of sales, this resulted to an increase of 2 pp year-over-year during the first quarter. Distribution expenses were 9% higher year-over-year and 6% higher sequentially due to higher sales volume. However, on a unitary basis, distribution expenses declined by 6% year-over-year and by 4% sequentially. This improved efficiency was driven by higher dispatched volumes and improved utilization of logistics assets. Selling and administrative expenses during the first quarter remained stable year-over-year and were 4% lower sequentially. As a percentage of sales, selling and administrative expenses declined by 1 pp year-over-year and by 2 pp sequentially. Operating EBITDA during the first quarter was the highest in the last four quarters or since the second quarter of 2017. On a year-over-year basis, operating EBITDA decreased by 17%. Operating EBITDA margin during the first quarter was also the highest in the last four quarters or since the second quarter of 2017. Operating EBITDA margin decreased by 5 pp compared to the same period last year. Lower cement prices year-over-year continued to put pressure on margins together with higher energy costs. Controlling interest net income declined 71% during the first quarter mainly due to lower operating earnings before other expenses and higher unrealized foreign exchange losses. These foreign exchange losses were mainly a result of intragroup borrowings between CHP and subsidiaries. Total debt at the end of March 2017 stood at PHP 15,327 million, of which PHP 13,872 million pertained to long-term debt owed to BDO Unibank, Inc.

2018 First Quarter Results Page 3 Operating Results Domestic Gray CementJanuary—MarchFirst QuarterFirst Quarter 20182018 vs. 20172018 vs. 2017vs. Fourth Quarter 2017Volume16%16%11%Price in USD (8%) (8%)0%Price in PHP (5%) (5%)2% Our domestic cement volumes increased by 16% year-over-year during the first quarter, supported by a 19% increase in our domestic cement production, as well as higher dispatched volumes due to our debottlenecking efforts. Growth across all sectors, led by improved infrastructure activity from higher government spending, favorable weather conditions, and a low base of comparison versus the same period last year were the main drivers for our performance. Our domestic cement prices in local-currency terms increased by 2% sequentially. Prices as of the end of March were 5% higher than those in December, resulting from a nationwide price increase implemented during the quarter. On a year-over-year basis, our first quarter prices are still lower by 5% reflecting the heightened competitive dynamics in the industry.

2018 First Quarter Results Page 4 Operating EBITDA, Free Cash Flow and Debt Information Operating EBITDA and Free Cash Flow 2018 2017 % var 2018 2017 % var Operating earnings before other expenses, net 557 768 (28%) 557 768 (28%) + Depreciation and operating amortization 330 303 330 303 Operating EBITDA 886 1,071 (17%) 886 1,071 (17%)—Net financial expenses 208 258 208 258—Maintenance capital expenditures 80 49 80 49—Change in working capital (223) 920 (223) 920—Taxes paid 104 102 104 102—Other cash items (net) (2) (19) (2) (19) Free cash flow after maintenance capital expenditures 721 (239) N/A 721 (239) N/A—Strategic capital expenditures 114 74 114 74 Free cash flow 606 (313) N/A 606 (313) N/A January—March First Quarter In millions of Philippine Pesos Debt Information 20181 20171 % var 20171 2018 2017 Total debt 15,327 15,647 (2%) 15,196 Currency denomination Short term 3% 0% 2% U.S. dollar2 2% 10% Long term 97% 100% 98% Philippine peso 98% 90% Cash and cash equivalents 1,851 782 137% 1,058 Interest rate Net debt 13,476 14,865 (9%) 14,138 Fixed 43% 36% Variable 57% 64% Fourth Quarter First QuarterFirst Quarter In millions of Philippine Pesos, except percentages 1 U.S. dollar debt converted using end-of-period exchange rate. See Exchange Rates on page 7 for more detail. 2 Pertains to related party loans with CEMEX Asia B.V.

Financial Results Income Statement & Balance Sheet Information CEMEX Holdings Philippines, Inc. (Thousands of Philippine Pesos in nominal terms, except per share amounts) January - March First Quarter INCOME STATEMENT 2018 2017 % var 2018 2017 % var Net sales 5,891,259 5,362,377 10% 5,891,259 5,362,377 10% Cost of sales (3,445,425) (2,789,516) (24%) (3,445,425) (2,789,516) (24%) Gross profit 2,445,834 2,572,861 (5%) 2,445,834 2,572,861 (5%) Operating expenses (1,889,136) (1,804,749) (5%) (1,889,136) (1,804,749) (5%) Operating earnings before other expenses, net 556,698 768,112 (28%) 556,698 768,112 (28%) Other income (expenses), net 2,276 19,166 (88%) 2,276 19,166 (88%) Operating earnings 558,974 787,278 (29%) 558,974 787,278 (29%) Financial expenses, net (207,744) (258,479) 20% (207,744) (258,479) 20% Foreign exchange loss, net (247,784) (88,045) (181%) (247,784) (88,045) (181%) Net income (loss) before income taxes 103,446 440,754 (77%) 103,446 440,754 (77%) Income tax (3,164) (91,217) 97% (3,164) (91,217) 97% Consolidated net income (loss) 100,282 349,537 (71%) 100,282 349,537 (71%) Non-controlling interest net income (loss) 10 9 11% 10 9 11% Controlling Interest net income (loss) 100,292 349,546 (71%) 100,292 349,546 (71%) Operating EBITDA 886,450 1,070,695 (17%) 886,450 1,070,695 (17%) Earnings per share 0.02 0.07 (71%) 0.02 0.07 (71%) as of March 31 BALANCE SHEET 2018 2017 % Var Total Assets 52,758,973 50,795,952 4% Cash and Temporary Investments 1,850,878 782,084 137% Trade Accounts Receivables 986,253 1,002,487 (2%) Other Receivables 357,001 201,490 77% Inventories 2,692,510 2,729,999 (1%) Assets held for sale 111,348 0 Other Current Assets 1,606,962 1,750,714 (8%) Current Assets 7,604,952 6,466,774 18% Fixed Assets 15,464,533 15,623,365 (1%) Other Assets 29,689,488 28,705,813 3% Total Liabilities 23,030,036 21,747,872 6% Current Liabilities 7,439,025 5,293,500 41% Long-Term Liabilities 14,681,204 15,647,027 (6%) Other Liabilities 909,807 807,345 13% Consolidated Stockholders’ Equity 29,728,937 29,048,080 2% Non-controlling Interest 211 238 (11%) Stockholders’ Equity Attributable to Controlling Interest 29,728,726 29,047,842 2% 2018 First Quarter Results Page 5

Financial Results Income Statement & Balance Sheet Information CEMEX Holdings Philippines, Inc. (Thousands of U.S. Dollars, except per share amounts) January - March First Quarter INCOME STATEMENT 2018 2017 % var 2018 2017 % var Net sales 113,618 107,148 6% 113,618 107,148 6% Cost of sales (66,448) (55,738) (19%) (66,448) (55,738) (19%) Gross profit 47,170 51,410 (8%) 47,170 51,410 (8%) Operating expenses (36,433) (36,061) (1%) (36,433) (36,061) (1%) Operating earnings before other expenses, net 10,737 15,349 (30%) 10,737 15,349 (30%) Other income (expenses), net 44 383 (89%) 44 383 (89%) Operating earnings 10,781 15,732 (31%) 10,781 15,732 (31%) Financial expenses, net (4,007) (5,165) 22% (4,007) (5,165) 22% Foreign exchange loss, net (4,779) (1,759) (172%) (4,779) (1,759) (172%) Net income (loss) before income taxes 1,995 8,808 (77%) 1,995 8,808 (77%) Income tax (61) (1,823) 97% (61) (1,823) 97% Consolidated net income (loss) 1,934 6,985 (72%) 1,934 6,985 (72%) Non-controlling interest net income (loss) 0 0 0 0 Controlling Interest net income (loss) 1,934 6,985 (72%) 1,934 6,985 (72%) Operating EBITDA 17,096 21,394 (20%) 17,096 21,394 (20%) as of March 31 BALANCE SHEET 2018 2017 % Var Total Assets 1,011,484 1,012,678 (0%) Cash and Temporary Investments 35,485 15,592 128% Trade Accounts Receivables 18,908 19,986 (5%) Other Receivables 6,844 4,017 70% Inventories 51,620 54,426 (5%) Assets held for sale 2,135 0 Other Current Assets 30,808 34,903 (12%) Current Assets 145,800 128,924 13% Fixed Assets 296,483 311,471 (5%) Other Assets 569,201 572,283 (1%) Total Liabilities 441,527 433,570 2% Current Liabilities 142,619 105,532 35% Long-Term Liabilities 281,465 311,942 (10%) Other Liabilities 17,443 16,096 8% Consolidated Stockholders’ Equity 569,957 579,108 (2%) Non-controlling Interest 4 5 (20%) Stockholders’ Equity Attributable to Controlling Interest 569,953 579,103 (2%) 2018 First Quarter Results Page 6

2018 First Quarter Results Page 7 Definitions of Terms and Disclosures Methodology for translation, consolidation, and presentation of results CEMEX Holdings Philippines, Inc. (“CHP”) reports its consolidated financial statements under Philippine Financial Reporting Standards (“PFRS”). When reference is made in 2018 and 2017 to consolidated financial statements, it means CHP financial information together with its subsidiaries. For the purpose of presenting figures in U.S. dollars, the consolidated balance sheet as of March 31, 2018 has been converted at the end of period exchange rate of 52.16 Philippine pesos per US dollar while the consolidated income statement for the three-month period ended March 31, 2018 has been converted at the January to March, 2018 average exchange rate of 51.85 Philippine pesos per US dollar. Definition of terms PHP refers to Philippine Pesos. pp equals percentage points. Prices all references to pricing initiatives, price increases or decreases, refer to our prices for our products. Operating EBITDA equals operating earnings before other expenses, net, plus depreciation and operating amortization. Free cash flow equals operating EBITDA minus net interest expense, maintenance and strategic capital expenditures, change in working capital, taxes paid, and other cash items (net other expenses less proceeds from the disposal of obsolete and/or substantially depleted operating fixed assets that are no longer in operation). Maintenance capital expenditures investments incurred for the purpose of ensuring the company’s operational continuity. These include capital expenditures on projects required to replace obsolete assets or maintain current operational levels, and mandatory capital expenditures, which are projects required to comply with governmental regulations or company policies. Strategic capital expenditures investments incurred with the purpose of increasing the company’s profitability. These include capital expenditures on projects designed to increase profitability by expanding capacity, and margin improvement capital expenditures, which are projects designed to increase profitability by reducing costs. Change in Working capital in the Free cash flow statements only include trade receivables, trade payables, receivables and payables from and to related parties, other current receivables, inventories, other current assets, and other accounts payable and accrued expense. Net debt equals total debt minus cash and cash equivalents. Exchange Rates2018 average2017 average2018 average2017 average2018 End of period2017 End of periodPhilippine peso51.8550.0551.8550.0552.1650.16January—MarchJanuary—MarchFirst Quarter Amounts provided in units of local currency per US dollar