Exhibit 2

2018 THIRD QUARTER RESULTS â–ª Stock Listing Information Philippine Stock Exchange Ticker: CHP â–ª Investor Relations + 632 849 3600 E-Mail: chp.ir@cemex.com

Operating and Financial Highlights January—September Third Quarter 2018 2017 % var 2018 2017 % var Net sales 17,905 16,561 8% 6,026 5,572 8% Gross profit 7,213 7,215 (0%) 2,256 2,323 (3%)as % of net sales 40.3% 43.6% (3pp) 37.4% 41.7% (4pp) Operating earnings before other expenses, net 1,324 1,671 (21%) 304 468 (35%)as % of net sales 7% 10% (3pp) 5% 8% (3pp) Controlling Interest Net Income (Loss) (605) 688 N/A (70) 202 N/A Operating EBITDA 2,410 2,627 (8%) 686 803 (15%)as % of net sales 14% 16% (2pp) 11% 14% (3pp) Free cash flow after maintenance capital expenditures 1,607 1,502 7% 171 675 (75%) Free cash flow 1,373 1,061 29% 122 470 (74%) Net debt1 12,753 13,430 (5%) 12,753 13,430 (5%) Total debt1 15,270 15,016 2% 15,270 15,016 2% Earnings per share2 (0.12) 0.13 N/A (0.01) 0.04 N/A 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 increased by 8% year-over-year during the quarter resulting Sequentially, distribution expenses, as a percentage of sales, decreased from higher volumes and prices. The first nine months of the year also by 2 pp during the quarter, from 22% to 20%. reflected this same increase compared with the same period last year. Selling and administrative expenses, as a percentage of sales, declined Cost of sales, as a percentage of sales, increased to 60% during the first by 2 pp during the first nine months and by 1 pp during the third nine months of the year due to increased fuel and power costs, quarter, on a year-over-year basis. resulting from higher global fuel prices, depreciation of the Philippine Peso, and the impact of tax reform in the country. Operating EBITDA decreased by 15% during the quarter. Year-to-date, operating EBITDA decreased by 8% compared to the same period last Cost of sales, as a percentage of sales, was 4 pp higher in the third year. quarter on a year-over-year basis as annual maintenance shutdown expenses were mostly reflected during this period. In 2017, shutdown Operating EBITDA margin during the quarter was 11%, 3 pp lower than related expenses were booked mainly in the second quarter. in the same period last year. Expenses grew at a higher rate than revenues given annual maintenance shutdown expenses in the third Fuel costs accounted for 22% of cost of sales during the quarter, a quarter of this year which were not present same period last year. decrease of 2 pp year-over-year. Operating EBITDA margin for the first nine months of the year was 14%. Power costs accounted for 22% of cost of sales during the quarter, flat Controlling interest net income for the quarter was at a loss of PHP 70 versus the same period last year, as lower power requirements due to million due to lower operating EBITDA, higher financial expenses and mill maintenance mitigated higher grid rates. foreign exchange losses. For first nine months of the year, the company incurred a loss of PHP 605 million due to higher income tax expenses Operating expenses, as a percentage of sales, during the first nine recorded in the second quarter. months of the year remained at a similar level compared with those of last year. Total debt at the end of September 2018 stood at PHP 15,270 million, of which PHP 13,802 million pertained to long-term debt owed to BDO Distribution expenses, as a percentage of sales, increased by 1 pp year- Unibank, Inc. over-year during the first nine months of the year. Initiatives to increase operational efficiency mitigated higher fuel costs and other inputs.

Operating Results Domestic Gray Cement January—September Third Quarter Third Quarter 2018 2018 vs. 2017 2018 vs. 2017 vs. Second Quarter 2018 Volume 10% 5% 2% Price in PHP (1%) 4% (1%) Our domestic cement volumes increased by 5% year-over-year during the quarter, driven by sustained infrastructure activity and growth in the residential sector. We achieved our all-time highest quarterly sales volume during this period. In addition, our institutional cement sales volumes hit record levels in August and September. On a year-to-date basis, domestic cement volumes grew 10% versus the same period of the prior year. This performance reflects increased construction activity from both public and private sectors, and progress from our debottlenecking efforts. Our domestic cement prices were 4% higher during the quarter versus the same period last year. Prices for the month of September were 4% higher than in the month of December last year. Sequentially, domestic cement prices were 1% lower compared to previous quarter, reflecting a higher percentage of picked-up versus delivered cement, in line with our efforts to bring down distribution costs.

Operating EBITDA, Free Cash Flow and Debt Information Operating EBITDA and Free Cash Flow January—September Third Quarter 2018 2017 % var 2018 2017 % var Operating earnings before other expenses, net 1,324 1,671 (21%) 304 468 (35%) + Depreciation and operating amortization 1,087 956 382 335 Operating EBITDA 2,410 2,627 (8%) 686 803 (15%) - Net financial expenses 677 667 232 208—Maintenance capital expenditures 493 413 131 218—Change in working capital (778) (348) (30) (406)—Income taxes paid 420 424 177 118—Other cash items (net) (8) (31) 6 (9) Free cash flow after maintenance capital expenditures 1,607 1,502 7% 171 675 (75%) - Strategic capital expenditures 233 441 49 204 Free cash flow 1,373 1,061 29% 122 470 (74%) In millions of Philippine Pesos Debt Information Second Third Quarter Quarter Third Quarter 2018 2017 % var 2018 2018 2017 Total debt1 15,270 15,016 2% 15,300 Currency denomination Short term 4% 0% 3% U.S. dollar2 3% 0% Long term 96% 100% 97% Philippine peso 97% 100% Cash and cash equivalents 2,517 1,586 59% 2,464 Interest rate Net debt 12,753 13,430 (5%) 12,836 Fixed 46% 44% Variable 54% 56% 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. 2018 Second Quarter Results

Financial Results Income Statement & Balance Sheet Information CEMEX Holdings Philippines, Inc. (Thousands of Philippine Pesos in nominal terms, except per share amounts) January—September Third Quarter INCOME STATEMENT 2018 2017 % var 2018 2017 % var Net sales 17,905,121 16,561,253 8% 6,025,788 5,571,912 8% Cost of sales (10,692,260) (9,346,142) (14%) (3,769,657) (3,249,257) (16%) Gross profit 7,212,861 7,215,111 (0%) 2,256,131 2,322,655 (3%) Selling and Administrative expenses (2,201,944) (2,301,036) 4% (718,163) (729,060) 1% Distribution expenses (3,687,345) (3,242,962) (14%) (1,233,884) (1,125,219) (10%) Operating earnings before other expenses, net 1,323,572 1,671,113 (21%) 304,084 468,376 (35%) Other income (expenses), net 8,238 31,100 (74%) (6,080) 9,320 N/A Operating earnings 1,331,810 1,702,213 (22%) 298,004 477,696 (38%) Financial expenses, net (676,545) (667,103) (1%) (231,882) (208,491) (11%) Foreign exchange loss, net (470,473) (157,208) (199%) (59,331) (27,881) (113%) Net income (loss) before income taxes 184,792 877,902 (79%) 6,791 241,324 (97%) Income tax expenses (789,517) (189,941) (316%) (76,676) (39,416) (95%) Consolidated net income (loss) (604,725) 687,961 N/A (69,885) 201,908 N/A Non-controlling interest net income (loss) 22 21 5% 5 6 (17%) Controlling Interest net income (loss) (604,703) 687,982 N/A (69,880) 201,914 N/A Operating EBITDA 2,410,383 2,627,458 (8%) 686,157 803,331 (15%) Earnings per share (0.12) 0.13 N/A (0.01) 0.04 N/A as of September 30 as of December 31 BALANCE SHEET 2018 2017 % Var 2017 % Var Total Assets 52,225,700 51,162,429 2% 51,751,676 1% Cash and Temporary Investments 2,517,344 1,586,345 59% 1,058,267 138% Trade Accounts Receivables 981,613 999,675 (2%) 833,259 18% Other Receivables 93,202 76,556 22% 101,002 (8%) Inventories 3,123,916 3,046,854 3% 3,258,252 (4%) Assets held for sale 22,653 0 90,629 (75%) Other Current Assets 973,857 756,107 29% 1,310,504 (26%) Current Assets 7,712,585 6,465,537 19% 6,651,913 16% Fixed Assets 15,269,140 15,690,808 (3%) 15,582,732 (2%) Investments in an associate and other investments 14,097 15,273 (8%) 15,407 (9%) Other assets and noncurrent accounts receivables 748,991 376,922 99% 716,700 5% Deferred income taxes—net 621,193 754,195 (18%) 925,230 (33%) Goodwill 27,859,694 27,859,694 0% 27,859,694 0% Other Assets 29,243,975 29,006,084 1% 29,517,031 (1%) Total Liabilities 23,033,400 21,721,917 6% 22,329,280 3% Current Liabilities 7,529,617 6,030,449 25% 6,873,552 10% Long-Term Liabilities 14,590,300 14,842,169 (2%) 14,674,110 (1%) Other Liabilities 913,483 849,299 8% 781,618 17% Consolidated Stockholders’ Equity 29,192,300 29,440,512 (1%) 29,422,396 (1%) Non-controlling Interest 200 225 (11%) 221 (10%) Stockholders’ Equity Attributable to Controlling Interest 29,192,100 29,440,287 (1%) 29,422,175 (1%) 2018 Second 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—September Third Quarter INCOME STATEMENT 2018 2017 % var 2018 2017 % var Net sales 340,154 329,199 3% 112,568 109,651 3% Cost of sales (203,127) (185,779) (9%) (70,421) (63,943) (10%) Gross profit 137,027 143,420 (4%) 42,147 45,708 (8%) Selling and Administrative expenses (41,832) (45,740) 9% (13,416) (14,348) 6% Distribution expenses (70,051) (64,462) (9%) (23,050) (22,143) (4%) Operating earnings before other expenses, net 25,144 33,218 (24%) 5,681 9,217 (38%) Other income (expenses), net 157 618 (75%) (114) 183 N/A Operating earnings 25,301 33,836 (25%) 5,567 9,400 (41%) Financial expenses, net (12,853) (13,260) 3% (4,332) (4,103) (6%) Foreign exchange loss, net (8,938) (3,125) (186%) (1,108) (549) (102%) Net income (loss) before income taxes 3,510 17,451 (80%) 127 4,748 (97%) Income tax expenses (14,999) (3,776) (297%) (1,432) (776) (85%) Consolidated net income (loss) (11,489) 13,675 N/A (1,305) 3,972 N/A Non-controlling interest net income (loss) 0 0 0 0 Controlling Interest net income (loss) (11,489) 13,675 N/A (1,305) 3,972 N/A Operating EBITDA 45,791 52,228 (12%) 12,818 15,809 (19%) as of September 30 as of December 31 BALANCE SHEET 2018 2017 % Var 2017 % Var Total Assets 966,784 1,006,838 (4%) 1,036,485 (7%) Cash and Temporary Investments 46,600 31,218 49% 21,195 120% Trade Accounts Receivables 18,171 19,673 (8%) 16,689 9% Other Receivables 1,725 1,507 14% 2,023 (15%) Inventories 57,829 59,960 (4%) 65,256 (11%) Assets held for sale 419 0 1,815 (77%) Other Current Assets 18,029 14,880 21% 26,247 (31%) Current Assets 142,773 127,238 12% 133,225 7% Fixed Assets 282,657 308,783 (8%) 312,092 (9%) Investments in an associate and other investments 261 301 (13%) 309 (15%) Other assets and noncurrent accounts receivables 13,865 7,417 87% 14,354 (3%) Deferred income taxes—net 11,499 14,842 (23%) 18,531 (38%) Goodwill 515,729 548,257 (6%) 557,975 (8%) Other Assets 541,354 570,817 (5%) 591,168 (8%) Total Liabilities 426,387 427,471 (0%) 447,212 (5%) Current Liabilities 139,386 118,674 17% 137,664 1% Long-Term Liabilities 270,091 292,082 (8%) 293,894 (8%) Other Liabilities 16,910 16,715 1% 15,654 8% Consolidated Stockholders’ Equity 540,397 579,367 (7%) 589,273 (8%) Non-controlling Interest 4 4 0% 4 (10%) Stockholders’ Equity Attributable to Controlling Interest 540,393 579,363 (7%) 589,268 (8%) 2018 Second Quarter Results Page 6

Definitions of Terms and Disclosures Methodology for translation, consolidation, and presentation of Definition of terms results PHP refers to Philippine Pesos. CEMEX Holdings Philippines, Inc. (“CHP”) reports its consolidated financial statements under Philippine Financial Reporting Standards pp equals percentage points. (“PFRS”). When reference is made in 2018 and 2017 to consolidated Prices all references to pricing initiatives, price increases or decreases, financial statements, it means CHP financial information together with refer to our prices for our products. its subsidiaries. For the purpose of presenting figures in U.S. dollars, the consolidated Operating EBITDA equals operating earnings before other expenses, balance sheet as of September 30, 2018 has been converted at the end net, plus depreciation and operating amortization. of period exchange rate of 54.02 Philippine pesos per US dollar while the consolidated income statement for the nine-month period ended Free cash flow equals operating EBITDA minus net interest expense, September 30, 2018 has been converted at the January to September, maintenance and strategic capital expenditures, change in working 2018 average exchange rate of 52.64 Philippine pesos per US dollar. On capital, taxes paid, and other cash items (net other expenses less the other hand, the consolidated income statement for the three- proceeds from the disposal of obsolete and/or substantially depleted month period ended September 30, 2018 has been converted at the operating fixed assets that are no longer in operation). July to September, 2018 average exchange rate of 53.53 Philippine pesos per US dollar. 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 Rates January - September Third Quarter January - September 2018 2017 2018 2017 2018 2017 average average average average End of period End of period Philippine peso 52.64 50.31 53.53 50.82 54.02 50.82 Amounts provided in units of local currency per US dollar 2018 Second Quarter Results Page 7