6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 or 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2019

Commission File Number: 001-14946

CEMEX, S.A.B. de C.V.

(Translation of Registrant’s name into English)

Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre,

San Pedro Garza García, Nuevo León 66265, México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F    ☒    Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Contents

1. Press release issued by CEMEX Holdings Philippines in the Philippines dated April 26, 2019, announcing first quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

2. First quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

3. Presentation regarding first quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, CEMEX, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		CEMEX, S.A.B. de C.V.
		(Registrant)
Date: April 25, 2019	By:	/s/ Rafael Garza Lozano
		Name: Rafael Garza Lozano
		Title: Chief Comptroller

3

EXHIBIT INDEX

EXHIBIT NO.	DESCRIPTION
1.	Press release issued by CEMEX Holdings Philippines in the Philippines dated April 26, 2019, announcing first quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).
2.	First quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).
3.	Presentation regarding first quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).

4

EX-99.1

Exhibit 1

Media Relations	Investor Relations
Chito Maniago	Pierre Co
+632 849 3600	+632 849 3600
chito.maniago@cemex.com	pierre.co@cemex.com

CHP POSTS P6.2 B 1Q 2019 REVENUES

• 1Q 2019 volumes improved sequentially by 9 percent but behind by 1 percent year- over-year

MANILA, PHILIPPINES. APRIL 26, 2019 – CEMEX HOLDINGS PHILIPPINES, INC. (“CHP”) (PSE: CHP), announced today that it posted sales revenues and net income amounting to P6.23 billion and P172 million, respectively, during the first quarter of this year behind better operating income and lower foreign exchange losses.

Sales volume during the first quarter posted a 9% improvement from the fourth quarter of 2018 when the company’s operations were affected by the landslide in Naga City. Sales activity was still recovering at the start of the year but picked up towards February to March. As a result, quarterly cement sales volumes ended slightly lower by 1% compared to the same period last year.

Cost of goods sold during the first quarter went up by 14 percent compared to the same period last year because of the maintenance shutdown of its Solid cement plant which was not undertaken in the previous year. The company also utilized outsourced clinker inventory and cement imports that the company built up and ordered in late 2018 in response to the Naga City landslide.

For the quarter, CHP posted EBITDA amounting to P1.1 billion resulting to an EBITDA margin of 17 percent.

“At the start of the year, we set out goals for the company to grow our sales volume with the market and generate production and distribution efficiencies. There were challenges at the beginning as we were still recovering our markets that were affected by last year’s landslide in Naga City but I believe we managed to make significant progress along the way,” CHP President and CEO Ignacio Mijares said.

The company also announced recently that it will be seeking shareholder approval during its upcoming annual stockholders’ meeting on June 5, 2019, to increase its authorized capital stock for capital raising exercises that CHP may consider to undertake. CHP is potentially looking to raise up to US$250 million which would allow it to improve its capital structure, fully fund its ongoing Solid Cement plant expansion and provide balance sheet flexibility.

“The strategic location of our Solid expansion project will allow us to efficiently contribute and take part the country’s infrastructure growth,” Mr. Mijares added.

1

CHP, a listed company at the Philippine Stock Exchange, is one of the leading cement producers in the Philippines, based on annual installed capacity. CHP produces and markets cement and cement products, such as ready-mix concrete and clinker, in the Philippines through direct sales using its extensive marine and land distribution network. Moreover, CHP’s cement manufacturing subsidiaries have been operating in the Philippines with well-established brands, such as “APO,” “Island,” and “Rizal,” all having a multi-decade history in the country.

CHP is an indirect subsidiary of CEMEX, S.A.B. de C.V., one of the largest cement companies in the world based on annual installed cement production capacity. The shares of CEMEX, S.A.B. de C.V. are listed on the Mexican Stock Exchange and the New York Stock Exchange.

For more information on CHP, please visit website: www.cemexholdingsphilippines.com.

# # #

This press release may contain forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of CHP to be materially different from those expressed or implied in this release, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CHP does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, changes derived from events affecting CEMEX, S.A.B de C.V. and subsidiaries (“CEMEX”) and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CHP assumes no obligation to update or correct the information contained in this press release.

2

EX-99.2

Exhibit 2

2019 FIRST 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

2019 First Quarter Results Page 2 Operating and Financial Highlights 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 8 for more detail. 2 In Philippine Pesos Net sales increased by 6% year-over-year during the quarter due to higher prices, a result of price adjustments implemented during 2018. Cost of sales was at 63% of sales during the quarter versus 58% in the same period of 2018. The increase was mainly due to scheduled kiln maintenance in Solid Cement plant, and cement imports and outsourced clinker carried over resulting from the Naga landslide incident. Fuel costs accounted for 18% of cost of sales, a decrease of 8 pp year-over-year due to use of hedged coal inventory and Solid kiln maintenance. Power costs accounted for 18% of cost of sales, a decrease of 4 pp year-over-year resulting from more competitive contracted power rates and lower power consumption. Operating expenses, as a percentage of sales, during the quarter decreased by 5 pp compared to the same period in 2018. Distribution expenses, as a percentage of sales, decreased by 4 pp year-over-year mainly due to supply-chain-optimization initiatives, and higher sales from cement imports carried over resulting from the Naga landslide incident. Selling and administrative expenses, as a percentage of sales, decreased by 1 pp year-over-year. Operating EBITDA during the quarter increased by 7% year-over-year due to savings in distribution expenses, while increased cost of sales were mitigated by higher year-over-year prices. Operating EBITDA margin during the quarter was flat year-over-year at 17%. Controlling interest net income for the quarter was 137% higher year-over-year at PHP 172 million mainly due to lower foreign-exchange losses and higher operating earnings. Total debt at the end of March 2019 stood at PHP 19,031 million, of which PHP 13,232 million pertained to long-term debt owed to BDO Unibank, Inc. 20192018% var20192018% varNet sales6,2375,8916%6,2375,8916%Gross profit2,2972,450 (6%)2,2972,450 (6%) as % of net sales37%42% (5pp)37%42% (5pp)Operating earnings before other expenses, net6095776%6095776% as % of net sales10%10%0pp10%10%0ppControlling Interest Net Income (Loss)17273137%17273137%Operating EBITDA1,0741,0007%1,0741,0007% as % of net sales17%17%0pp17%17%0ppFree cash flow after maintenance capital expenditures826836 (1%)826836 (1%)Free cash flow7617216%7617216%Net debt115,14613,47612%15,14613,47612%Total debt119,03115,32724%19,03115,32724%Earnings per share20.030.01137%0.030.01137%January—MarchFirst Quarter

2019 First Quarter Results Page 3 Operating Results Our domestic cement volumes decreased by 1% year-over-year during the quarter as sales volumes were still recovering at the start of the year from the impact of the September 2018 landslide in Naga City, Cebu, near our APO plant. Sales volumes, however, increased throughout the quarter, reaching an all-time high in monthly sales volume during March. Industry growth was driven by a strong residential sector and sustained public infrastructure spending. Our domestic cement prices were 4% higher sequentially during the quarter, reflecting a consolidation of price adjustments implemented in December 2018 due to the impact of the landslide. Product mix effect also positively affected weighted-average prices, as well as a low base of comparison from the first two months of 4Q18. Our domestic cement prices were 7% higher year-over-year, a result of price adjustments implemented during 2018. Domestic Gray CementJanuary—MarchFirst QuarterFirst Quarter 20192019 vs. 20182019 vs. 2018vs. Fourth Quarter 2018Volume (1%) (1%)9%Price in PHP7%7%4%

2019 First Quarter Results Page 4 Operating EBITDA, Free Cash Flow and Debt Information Operating EBITDA and Free Cash Flow In millions of Philippine Pesos Debt Information In millions of Philippine Pesos, except percentages 1 U.S. dollar debt converted using end-of-period exchange rate. See Exchange Rates on page 8 for more detail. 2019 2018 % var 2019 2018 % var Operating earnings before other expenses, net 609 577 6% 609 577 6% + Depreciation and operating amortization 465 423 465 423 Operating EBITDA 1,074 1,000 7% 1,074 1,000 7%—Net financial expenses 334 228 334 228—Maintenance capital expenditures 90 80 90 80—Change in working capital (263) (245) (263) (245)—Income taxes paid 92 104 92 104—Other cash items (net) (6) (2) (6) (2) Free cash flow after maintenance capital expenditures 826 836 (1%) 826 836 (1%)—Strategic capital expenditures 65 114 65 114 Free cash flow 761 721 6% 761 721 6% January—March First Quarter 2019 2018 % var 2018 2019 2018 Total debt1 19,031 15,327 24% 17,377 Currency denomination Short term 6% 3% 7% U.S. dollar 25% 2% Long term 94% 97% 93% Philippine peso 75% 98% Cash and cash equivalents 3,885 1,851 110% 1,814 Interest rate Net debt 15,146 13,476 12% 15,563 Fixed 35% 43% Variable 65% 57% Fourth Quarter First Quarter First Quarter

2019 First Quarter Results Page 5 Financial Results Income Statement & Balance Sheet Information CEMEX Holdings Philippines, Inc. (Thousands of Philippine Pesos in nominal terms, except per share amounts) INCOME STATEMENT 2019 2018 % var 2019 2018 % var Net sales 6,237,427 5,891,259 6% 6,237,427 5,891,259 6% Cost of sales (3,940,101) (3,441,491) (14%) (3,940,101) (3,441,491) (14%) Gross profit 2,297,326 2,449,768 (6%) 2,297,326 2,449,768 (6%) Selling and Administrative expenses (735,596) (744,981) 1% (735,596) (744,981) 1% Distribution expenses (952,950) (1,128,106) 16% (952,950) (1,128,106) 16% Operating earnings before other expenses, net 608,780 576,681 6% 608,780 576,681 6% Other income (expenses), net 6,391 2,276 181% 6,391 2,276 181% Operating earnings (loss) 615,171 578,957 6% 615,171 578,957 6% Financial expenses, net (334,245) (227,656) (47%) (334,245) (227,656) (47%) Foreign exchange gain (loss), net (17,276) (287,440) 94% (17,276) (287,440) 94% Net income (loss) before income taxes 263,650 63,861 313% 263,650 63,861 313% Income tax benefit (expenses) (91,416) 8,704 N/A (91,416) 8,704 N/A Consolidated net income (loss) 172,234 72,565 137% 172,234 72,565 137% Non-controlling interest net income (loss) 7 10 (30%) 7 10 (30%) Controlling Interest net income (loss) 172,241 72,575 137% 172,241 72,575 137% Operating EBITDA 1,074,185 999,652 7% 1,074,185 999,652 7% Earnings per share 0.03 0.01 137% 0.03 0.01 137% January—March First Quarter as of December 31 BALANCE SHEET 2019 2018 % Var 2018 % Var Total Assets 58,774,813 54,205,810 8% 56,938,048 3% Cash and Temporary Investments 3,885,268 1,850,878 110% 1,813,665 114% Derivative Asset 17,020 0 12,875 32% Trade Accounts Receivables 1,082,287 986,253 10% 708,906 53% Other Receivables 90,122 357,001 (75%) 103,396 (13%) Insurance Claims and Premium Receivables 638,466 0 949,983 (33%) Inventories 3,447,227 2,692,510 28% 3,488,178 (1%) Assets Held for Sale 0 111,348 0 Other Current Assets 1,551,920 1,606,962 (3%) 1,677,671 (7%) Current Assets 10,712,310 7,604,952 41% 8,754,674 22% Fixed Assets 16,370,518 16,810,467 (3%) 16,659,868 (2%) Investments in an Associate and Other Investments 14,097 15,407 (9%) 14,097 0% Other Assets and Noncurrent Accounts Receivables 974,819 724,870 34% 818,247 19% Advances to Contractors 2,069,601 0 2,069,601 0% Deferred Income Taxes—net 773,774 1,190,420 (35%) 761,867 2% Goodwill 27,859,694 27,859,694 0% 27,859,694 0% Other Assets 31,691,985 29,790,391 6% 31,523,506 1% Total Liabilities 29,822,627 24,581,020 21% 28,168,255 6% Current Liabilities 10,205,938 7,750,461 32% 10,097,855 1% Long-Term Liabilities 17,657,643 14,681,204 20% 16,009,642 10% Deferred Tax Liability 136,383 56,279 142% 153,602 (11%) Other Liabilities 1,822,663 2,093,076 (13%) 1,907,156 (4%) Consolidated Stockholders’ Equity 28,952,186 29,624,790 (2%) 28,769,793 1% Non-controlling Interest 186 212 (12%) 193 (4%) Stockholders’ Equity Attributable to Controlling Interest 28,952,000 29,624,578 (2%) 28,769,600 1% as of March 31

2019 First Quarter Results Page 6 Financial Results Income Statement & Balance Sheet Information CEMEX Holdings Philippines, Inc. (Thousands of U.S. Dollars, except per share amounts) INCOME STATEMENT 2019 2018 % var 2019 2018 % var Net sales 119,705 113,618 5% 119,705 113,618 5% Cost of sales (75,616) (66,372) (14%) (75,616) (66,372) (14%) Gross profit 44,089 47,246 (7%) 44,089 47,246 (7%) Selling and Administrative expenses (14,117) (14,369) 2% (14,117) (14,369) 2% Distribution expenses (18,288) (21,756) 16% (18,288) (21,756) 16% Operating earnings before other expenses, net 11,684 11,121 5% 11,684 11,121 5% Other income (expenses), net 123 44 180% 123 44 180% Operating earnings (loss) 11,807 11,165 6% 11,807 11,165 6% Financial expenses, net (6,415) (4,391) (46%) (6,415) (4,391) (46%) Foreign exchange gain (loss), net (332) (5,544) 94% (332) (5,544) 94% Net income (loss) before income taxes 5,060 1,230 311% 5,060 1,230 311% Income tax benefit (expenses) (1,754) 168 N/A (1,754) 168 N/A Consolidated net income (loss) 3,306 1,398 136% 3,306 1,398 136% Non-controlling interest net income (loss) 0 0 0 0 Controlling Interest net income (loss) 3,306 1,398 136% 3,306 1,398 136% Operating EBITDA 20,615 19,279 7% 20,615 19,279 7% January—March First Quarter as of December 31 BALANCE SHEET 2019 2018 % Var 2018 % Var Total Assets 1,119,520 1,039,222 8% 1,082,884 3% Cash and Temporary Investments 74,005 35,485 109% 34,493 115% Derivative Asset 324 0 245 32% Trade Accounts Receivables 20,615 18,908 9% 13,482 53% Other Receivables 1,717 6,844 (75%) 1,966 (13%) Insurance Claims and Premium Receivables 12,161 0 18,067 (33%) Inventories 65,661 51,620 27% 66,340 (1%) Assets Held for Sale 0 2,135 0 Other Current Assets 29,560 30,808 (4%) 31,907 (7%) Current Assets 204,044 145,800 40% 166,502 23% Fixed Assets 311,819 322,287 (3%) 316,848 (2%) Investments in an Associate and Other Investments 269 295 (9%) 268 0% Other Assets and Noncurrent Accounts Receivables 18,568 13,897 34% 15,562 19% Advances to Contractors 39,421 0 39,361 0% Deferred Income Taxes—net 14,739 22,822 (35%) 14,490 2% Goodwill 530,661 534,120 (1%) 529,853 0% Other Assets 603,657 571,135 6% 599,534 1% Total Liabilities 568,050 471,262 21% 535,722 6% Current Liabilities 194,399 148,590 31% 192,047 1% Long-Term Liabilities 336,336 281,465 19% 304,482 10% Deferred Tax Liability 2,598 1,079 141% 2,921 (11%) Other Liabilities 34,717 40,128 (13%) 36,272 (4%) Consolidated Stockholders’ Equity 551,470 567,960 (3%) 547,162 1% Non-controlling Interest 4 4 (13%) 4 (3%) Stockholders’ Equity Attributable to Controlling Interest 551,467 567,956 (3%) 547,159 1% as of March 31

2019 First Quarter Results Page 7 Other Information Newly issued PFRS effective in 2019 PFRS 16, Leases (“PFRS 16”) In summary, beginning January 1, 2019, PFRS 16 introduces a single lessee accounting model and requires a lessee to recognize, for all leases, allowing exemptions in case of leases with a term of less than 12 months or when the underlying asset is of low value, assets for the right-of-use of the underlying asset against a corresponding financial liability, representing the net present value of estimated lease payments under the contract, with a single income statement model in which a lessee recognizes amortization of the right-of-use asset and interest on the lease liability. After concluding the inventory and measurement of its leases, CEMEX Holdings Philippines, Inc. and Subsidiaries adopted PFRS 16 using the full retrospective approach by means of which it determined an opening cumulative effect in its statement of financial position as of January 1, 2018 as follows: (Thousands of Philippine Pesos) As of January 1, 2018 Assets for the right-of-use 1,035,445 Deferred tax assets – net 32,756 Lease liabilities 1,144,631 Retained earnings 1 (76,430) 1 The initial effect in retained earnings refers to a temporary difference between the straight-line amortization expense of the right-of-use asset and the amortization of the financial liability under the effective interest rate method since origination of the contracts. This difference will reverse over the remaining term of the contracts. CEMEX Holdings Philippines, Inc. and Subsidiaries modified the previously reported income statement for the three-month period ended March 31, 2018 to give effect to the retrospective adoption of PFRS 16, as follows: SELECTED INFORMATION INCOME STATEMENT As originally reported As modified (Thousands of Philippine Pesos) Jan-Mar First Quarter Jan-Mar First Quarter Revenues 5,891,259 5,891,259 5,891,259 5,891,259 Cost of sales (3,445,425) (3,445,425) (3,441,490) (3,441,490) Operating expenses (1,889,136) (1,889,136) (1,873,087) (1,873,087) Other expenses, net 2,276 2,276 2,276 2,276 Financial (income) expense and others, net (455,528) (455,528) (515,096) (515,096) Earnings before income tax 103,446 103,446 63,862 63,862 Income tax (3,164) (3,164) 8,704 8,704 Earnings from continuing operations 100,282 100,282 72,566 72,566 As of March 31, 2019 and December 31, 2018, assets for the right-of-use amounted to PHP 937.2 million and PHP 1,042.5 million, respectively. In addition, financial liabilities related to lease contracts amounted to PHP 1,080.6 million as of March 31, 2019 and PHP 1,188.8 million as of December 31, 2018 and were included within “Debt and other financial liabilities.”

2019 First Quarter Results Page 8 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 2019 and 2018 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, 2019 has been converted at the end of period exchange rate of 52.50 Philippine pesos per US dollar while the consolidated income statement for the three-month period ended March 31, 2019 has been converted at the January to March 2019 average exchange rate of 52.11 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. Amounts provided in units of local currency per US dollar Exchange Rates2019 average2018 average2019 average2018 average2019 End of period2018 End of period Philippine peso52.1151.8552.1151.8552.5052.16January – March January – March First Quarter

EX-99.3

Exhibit 3

CEMEX Holdings Philippines 1Q 2019 RESULTS April 26, 2019

This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,? ?should,? ?could,? ?anticipate,? ?estimate,? ?expect,? ?plan,? ?believe,? ?predict,? ?potential? and ?intend? or other similar words. These forward-looking statements reflect current expectations and projections about future events of CEMEX Holdings Philippines, Inc. (“CHP”) based on CHP?s knowledge of present facts and circumstances and assumptions about future events. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CHP?s expectations. Some of the risks, uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on CHP or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CHP?s exposure to other sectors that impact CHP?s business, such as the energy sector; competition; general political, economic and business conditions in the markets in which CHP operates; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CHP?s ability to satisfy its debt obligations and the ability of CEMEX, S.A.B. de C.V. (?CEMEX?), the ultimate parent company of the major shareholder of CHP, to satisfy CEMEX?s obligations under its material debt agreements, the indentures that govern CEMEX?s senior secured notes and CEMEX?s other debt instruments; expected refinancing of CEMEX?s existing indebtedness; the impact of CEMEX?s below investment grade debt rating on CHP?s and CEMEX?s cost of capital; CEMEX?s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CHP?s cost-reduction initiatives and implement CHP?s pricing initiatives for CHP?s products; the increasing reliance on information technology infrastructure for CHP?s invoicing, procurement, financial statements and other processes that can adversely affect operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subjected to cyber-attacks; weather conditions; natural disasters and other unforeseen events; and the other risks and uncertainties described in CHP?s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CHP?s business. The information contained in these presentations is subject to change without notice, and CHP is not obligated to publicly update or revise forward-looking statements. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to CHP?s prices for products sold or distributed by CHP or its subsidiaries. Copyright CEMEX Holdings Philippines, Inc. and its subsidiaries 2

2019 Updates ? Major works for Solid Cement new Ceremonial groundbreaking on April 25 line expansion to start in 2019 ? Implement new supply chain Achieved 4 pp reduction year-over-year initiatives to lower distribution cost as in the first quarter a percentage to sales by 1 to 2 pp ? Further increase in cement 3 pp lower clinker utilization in the first production via lower clinker utilization quarter compared to full year 2018 Shift to new lower-grade coal mix in ? Shift in coal mix for greater cost coming quarters. Utilized hedged coal efficiency inventory during 1Q19. Successfully executed with no ? Scheduled Solid Cement kiln interruption to kiln operation following maintenance in January1 start-up 1 3 Following uninterrupted production for 25 months

Domestic Cement Volumes and Prices 1Q19 vs. 1Q19 vs. Net Sales1 1Q18 4Q18 +6% Domestic Volume (1%) 9% Cement Price (PHP) 7% 4% Domestic cement volumes decreased by 1% year-over-year during the first quarter Sales volumes were still recovering at the start of the year from the impact of the September 2018 landslide in 5,891 6,237 Naga City, Cebu, near our APO plant Sales volumes increased throughout the quarter, reaching an all-time high in monthly sales volume during March Growth was driven by a strong residential sector and sustained public infrastructure spending Sequential domestic cement prices increased by 4%, reflecting: 1Q18 1Q19 A consolidation of price adjustments implemented in December 2018 due to the impact of the landslide Product mix effect positively affecting weighted-average prices A low base of comparison from the first two months of 4Q18 Domestic cement prices were 7% higher year-over-year, a result of price adjustments implemented during 2018 Net sales during the first quarter grew 6% year-over-year 1 4 Millions of Philippine Pesos

Private Sector Strong demand growth seen during the quarter, with the Approved Building Permits residential segment growing faster than the non-residential segment. Year-over-year growth based on floor area1 Construction employment rose by 13% year-over-year 41% during the first quarter and reached its highest all-time level. 80% Residential segment growth is expected to continue, as 60% residential sites outside of NCR are developed. In addition, 40% 29% higher demand anticipated from Central Luzon and CALABARZON regions tied to upcoming transport 20% infrastructure such as the MRT7 and other South Luzon 0% projects. -20% Non-residential activity to be driven by demand for office -40% spaces from outsourcing and gaming firms, and flexible 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 working spaces. Investments in industrial projects should be supported by infrastructure projects, development of Non-Residential Residential manufacturing hubs, and growth of manufacturing sub-sectors on the back of strong consumption. 1 5 Source: Philippine Statistics Authority

Public Sector Disbursements on Infrastructure and Capital Outlays Infrastructure and Capital Outlays in the first (in PHP billion)1 two months of 2019 grew by 26% mainly due 300 to payments of infrastructure projects and contracts that have recently been completed. 250 233 Groundbreaking for several big-ticket 218 +31% +53% projects, funded with sources outside of the +49% 196 200 national budget, was seen during the first 157 quarter. These projects include the Metro +34% 150 Manila Subway (Japanese-aid funded) and +26% 118 100 the Cavite-Laguna Expressway (PPP). Disbursements for public investments should 50 rise in the second half of the year once pre-construction works and awarding of contracts 0 are concluded following the recent signing of 1Q18 2Q18 3Q18 4Q18 Jan—Feb 19 the 2019 General Appropriations Act. % Refers to year-over-year growth Source: 1 Department of Budget and Management; Department of Finance 6 2 Philippine Statistics Authority

Cost of Sales Cost of Sales Fuel and Power Cost of sales, as a percentage of (% of sales) (% of cost of sales) sales, was 5 pp higher year-over-year mainly due to scheduled kiln Fuel maintenance in Solid Cement plant, and cement imports and outsourced Power clinker carried over resulting from the Naga landslide incident. Fuel costs accounted for 18% of 63% 25% 26% cost of sales, a decrease of 8 pp 58% 12% 18% year-over-year due to use of hedged coal inventory and Solid 21% 22%17% 18% kiln maintenance. Power costs accounted for 18% of 4Q17 4Q18 cost of sales, a decrease of 4 pp 1Q18 1Q19 1Q18 1Q19 year-over-year resulting from more competitive contracted power rates and lower power consumption. 7

Operating Expenses Distribution Selling and Administrative Distribution expenses, as a (% of net sales) (% of net sales) percentage of sales, decreased by 4 pp year-over-year mainly due to supply-chain-optimization initiatives, and higher sales from cement imports carried over resulting from the Naga landslide incident. 19% 15% Selling and administrative expenses, 13% 12% as a percentage of sales, decreased by 1 pp year-over-year. 1Q18 1Q19 1Q18 1Q19 8

Operating EBITDA and Operating EBITDA Margin Operating EBITDA during the quarter increased by 7% year-over-year due to savings in distribution expenses, while Operating EBITDA Variation1 increased cost of sales were mitigated by higher year-over-year prices. 17% 17% Operating EBITDA margin was flat year-over-year at 17%. % Refers to operating EBITDA margin 1 9 Millions of Philippine Pesos

Net Income Net income for the quarter was 137% higher year-over-year at Net Income1 PHP 172 million mainly due to lower foreign-exchange losses and higher operating earnings. First Quarter (In Millions of Philippine Pesos) 2019 2018 % var Operating earnings 615 579 6% 172 Financial expenses, net (334) (228) (47%) Foreign exchange gain (loss), net (17) (287) 94% 73 Net income (loss) before income taxes 264 64 313% Income tax benefit (expenses) (91) 9 N/A Consolidated net income (loss) 172 73 137% 1Q18 1Q19 1 10 Millions of Philippine Pesos

1Q 2019 FREE CASH FLOW & GUIDANCE

Free Cash Flow First Quarter Free cash flow during the first quarter 2019 2018 reached PHP 826 million after % var maintenance CAPEX and PHP 761 Operating EBITDA 1,074 1,000 7% million after strategic CAPEX. —Net Financial Expenses 334 228 —Maintenance Capex 90 80 —Change in Working Capital (263) (245) —Income Taxes Paid 92 104 —Other Cash Items (net) (6) (2) Free Cash Flow after 826 836 (1%) Maintenance Capex —Strategic Capex 65 114 Free Cash Flow 761 721 6% Millions of Philippine Pesos 12

2019 Guidance Cement volumes 8-10% PHP 975 million Maintenance CAPEX Capital expenditures PHP 6,775 million Solid Cement Plant Expansion CAPEX PHP 7,750 million Total CAPEX 13

Solid Plant Expansion: A Strategic Investment This expansion will allow us to grow with the market, improve the logistics of our products, and continue to benefit from the long-term favorable outlook of the Philippines Expected total investment of US$235 million New line expected to start operations in the fourth quarter of 2020 Approval of Philippine Board of Investments (BOI) application, entitling the new line to tax incentives 14

Current proposal to increase Authorized Capital Stock CHP has submitted a proposal to increase Authorized Capital Stock from 5.2 B to 18.3 B shares with a par value of PHP 1.00 per common share for approval at its Annual Shareholders? Meeting to be held on June 5, 2019:—The par value is not the issue price of the shares—Any unissued shares will be kept in the form of authorized but unissued share capital—CHP currently has no plans for any further fundraising Approval would provide the ability to raise equity capital including, but not limited to, a rights offering, subject to final decision and approval of the Board of Directors Potentially looking to raise up to US$ 250 million, to:—Improve its capital structure —Fully fund the Solid Cement Plant expansion—Provide balance sheet flexibility Details of any potential capital raise have not been decided by the Board of Directors Any potential capital market transaction would be fair, transparent and equitable to all shareholders 15

Focused Strategy: Improving Profitability and Capturing Growth 1. Expand integrated cement capacity in the largest market in the Philippines 2. Continue to enhance profitability by optimizing distribution channels and plant operations 3. Ensure safe and sustainable business operations 4. Provide superior customer experience through CEMEX Go ? a proprietary end-to-end digital solution ?and agile client servicing 16

Q&A SESSION 1Q 2019 RESULTS

1Q 2019 APPENDIX

Debt Information During the first quarter of 2019, SOLID Cement Maturity Profile3 Corporation (?SOLID?) signed an Amendment Agreement to the subordinated revolving Related Party Loans4 6,406 credit facility entered into last November 2018 6,326 BDO Debt with a related company, CEMEX Asia B.V., 4,839 increasing the available principal amount from Total Debt: PHP 19,031 US$ 75 million to US$ 100 million. Avg. life of debt: 4.1 years 4,725 Net Debt to EBITDA5: 4.5x 6-year loan, prepayable1 without penalty Fixed interest rate2 ranging from 8.2% to 1,179 10.2% per annum depending on CHP?s 1,074 1,601 leverage 140 140 Subordinated 105 to BDO loan 2019 2020 2021 2022 2023 2024 Initial drawdown on this facility of about US$ 40.7 million done in November 2018 1 With any other proceeds aside from a new loan from a related company outside the CHP group 2 Pre-tax 3 Millions of Philippine Pesos 4 Pertains to loans with CEMEX Asia B.V. 5 19 Last 12 months Consolidated EBITDA

Impact of PFRS 16 on 2018 Income Statement Estimated Variation due 1 2018 2018 Pro Forma to PFRS 16 Cost of Sales (14,307) 16 (14,291) Gross Profit 9,111 16 9,127 Selling and Administrative (3,009) 10 (2,999) Expenses Distribution Expenses (4,735) 65 (4,671) Operating Earnings before Other 1,366 91 1,457 Expenses, net Financial Income (Expenses), net (952) (77) (1,029) Foreign Exchange Gain (Loss), net (331) (50) (381) Income Tax Benefit (Expenses) (971) 11 (960) Consolidated Net Income (Loss) (930) (26) (956) Depreciation (1,416) (416) (1,832) Operating EBITDA3 2,783 506 3,289 All figures in Millions of Philippine Pesos 1 20 CHP estimates

Impact of PFRS 16 on 2018 Balance Sheet Estimated Variation due 1 2018 2018 Pro Forma to PFRS 16 Fixed Assets3 15,617 1,043 16,660 Deferred Income Taxes ? net 720 41 762 Other Assets (Total) 31,482 41 31,524 Total Assets 55,854 1,084 56,938 Other Current Liabilities 10,080 17 10,098 Current Liabilities (Total) 10,080 17 10.098 Other Liabilities 892 1,169 2,061 Total Liabilities 26,982 1,186 28,168 Stockholders? Equity Attributable 28,872 (102) 28,770 to Controlling Interest Total Stockholders? Equity 28,872 (102) 28,770 All figures in Millions of Philippine Pesos 1 CHP estimates 3 21 Refers to Property, machinery and equipment, net

Definitions PHP Philippine Pesos Pp Percentage points Prices All references to pricing initiatives, price increases or decreases, refer to our prices for our products. Operating EBITDA Operating earnings before other expenses, net, plus depreciation and operating amortization. Free Cash Flow 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 Investments incurred for the purpose of ensuring the company?s operational continuity. These include capital expenditures 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 investments incurred with the purpose of increasing the company?s profitability. These include capital expenditures on expenditures 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 Only include trade receivables, trade payables, receivables and payables from and to related parties, other current the Free cash flow receivables, inventories, other current assets, and other accounts payable and accrued expense. statements Net Debt Total debt minus cash and cash equivalents. 22

Contact Information Investor Relations Stock Information In the Philippines PSE: +632 849 3600 CHP chp.ir@cemex.com
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