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 July, 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, dated July 25, 2019, announcing second quarter 2019 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).
2.	Second quarter 2019 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).
3.	Presentation regarding second quarter 2019 results for CEMEX Latam Holdings, S.A., 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:	July 25, 2019	By:	/s/ Rafael Garza Lozano
			Name: Rafael Garza Lozano
			Title: Chief Comptroller

3

EXHIBIT INDEX

EXHIBIT NO.	DESCRIPTION
1.	Press release, dated July 25, 2019, announcing second quarter 2019 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).
2.	Second quarter 2019 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).
3.	Presentation regarding second quarter 2019 results for CEMEX Latam Holdings, S.A., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE: CX).

4

EX-99.1

Exhibit 1

Media Relations Andrea Castro Velez	Investor Relations Pablo Gutierrez
+57 (1) 603-9134 andrea.castro@cemex.com	+57 (1) 603-9051 pabloantonio.gutierrez@cemex.com

CLH’S CONSOLIDATED GRAY CEMENT VOLUMES

IMPROVED DURING THE SECOND QUARTER

• Consolidated gray cement volumes reached 1.5 million tons during the second quarter, an improvement of 1% or of 2% on a daily-sales basis, compared to those of the same period of last year, driven by improved volumes mainly in Colombia

• In Colombia, net sales improved by 7% during the quarter in local-currency terms, driven by increased cement volumes as well as higher cement and aggregates prices, compared to those of the same period of 2018

• Free cash flow reached US$40 million during the first half of the year, an improvement of US$24 million on a year-over-year basis

• Net debt was reduced by US$45 million during the first six months of the year, from US$827 million as of December, to US$782 million as of June

BOGOTA, COLOMBIA. JULY 25, 2019 – CEMEX Latam Holdings, S.A. (“CLH”) (BVC: CLH), announced today that its consolidated net sales reached US$249 million during the second quarter of 2019, a decline of 11% in U.S.-dollar terms or of 4% in local-currency terms, compared to those of the same period of 2018. Operating EBITDA reached US$46 million during the second quarter, a decline of 28% in U.S.-dollar terms or of 23% in local-currency terms, on a year-over-year basis.

During the second quarter of 2019, consolidated domestic gray cement volumes increased by 1%, while consolidated ready-mix and aggregates volumes declined by 5% and 6%, respectively, compared to those of the second quarter of 2018. Consolidated prices in local-currency terms for domestic gray cement and ready-mix declined by 1%, while for aggregates increased by 2%, during the quarter on a year over year basis.

Jaime Muguiro, CEO of CLH, said, “We are encouraged by the positive trends in Colombian industry-cement demand and by our cement volume and price performance in this country during the first half of the year. Nevertheless, this positive trend in sales was not strong enough to offset the increases in coal, electricity and distribution costs in Colombia, and the much weaker markets across Central America. To respond to this challenge, as part of our A Stronger CEMEX plan, we have saved so far US$6.5 million, out of the 2019 target of US$11 million of recurring savings”.

Jaime Muguiro added, “Despite this challenging environment, we are pleased with our free cash flow generation and debt reduction during the first semester. Our free cash flow reached US$40 million dollars in this period, an improvement of US$24 million on a year-over-year basis. We reduced our net debt by US$45 million dollars, from US$827 million as of December to US$782 million as of June.”

Consolidated Corporate Results

During the second quarter, controlling interest net income was negative US$4 million, compared to US$4 million during the same quarter of 2018.

Geographical Markets Second Quarter 2019 Highlights

Operating EBITDA in Colombia reached US$17 million, 22% lower in U.S.-dollar terms or 14% lower in local-currency terms, compared to that of the second quarter of 2018. Net sales on a year-over-year basis declined by 6% in U.S.-dollar terms or increased by 7% in local-currency terms, to US$122 million, during the quarter.

1

In Panama, operating EBITDA declined by 29% to US$11 million during the quarter. Net sales reached US$48 million during the second quarter of 2019, a 5% decline compared to those of the same period of 2018.

In Costa Rica, operating EBITDA reached US$9 million during the quarter, 44% lower in U.S.-dollar terms, or 42% lower in local-currency terms, on a year-over-year basis. Net sales reached US$27 million, a decline of 37% in U.S.-dollar terms or of 34% in local-currency terms, compared to those of the second quarter of 2018.

In the Rest of CLH operating EBITDA declined by 23% in U.S.-dollar terms or by 20% in local-currency terms, to US$15 million during the quarter. Quarterly net sales reached US$57 million, 7% lower in U.S.-dollar terms or 4% lower in local-currency terms, compared to those of the same period of 2018.

In accordance with its vision, CLH will continue constantly evolving to become more flexible in our operations, more creative in our commercial offerings, more sustainable in our use of resources, more innovative in conducting our business, and more efficient in our capital allocation. CLH is a regional leader in the building solutions industry that provides high-quality products and reliable services to customers and communities in Colombia, Panama, Costa Rica, Nicaragua, El Salvador, and Guatemala.

###

This press release contains 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 CLH 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 CLH 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. CLH assumes no obligation to update or correct the information contained in this press release.

Operating EBITDA is defined as operating earnings before other expenses, net plus depreciation and operating amortization. Free Cash Flow is defined as operating EBITDA minus net interest expense, maintenance and expansion 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). All of the above items are prepared under International Financial Reporting Standards as issued by the International Accounting Standards Board. Operating EBITDA and Free Cash Flow (as defined above) are presented herein because CLH believes that they are widely accepted as financial indicators of CLH’s ability to internally fund capital expenditures and service or incur debt. Operating EBITDA and Free Cash Flow should not be considered as indicators of CLH’s financial performance, as alternatives to cash flow, as measures of liquidity or as being comparable to other similarly titled measures of other companies.

2

EX-99.2

Exhibit 2

2019

SECOND QUARTER RESULTS

∎ Stock Listing Information

Colombian Stock Exchange S.A. Ticker: CLH

∎ Investor Relations

Pablo Gutiérrez +57 (1) 603-9051

E-mail: pabloantonio.gutierrez@cemex.com

OPERATING AND FINANCIAL HIGHLIGHTS January—June Second Quarter l-t-l l-t-l 2019 2018 % var 2019 2018 % var % var % var Consolidated cement volume 3,245 3,331 (3%) 1,620 1,638 (1%) Consolidated domestic gray cement volume 2,912 2,905 0% 1,459 1,442 1% Consolidated ready-mix volume 1,230 1,287 (4%) 588 616 (5%) Consolidated aggregates volume 2,951 3,235 (9%) 1,462 1,558 (6%) Net sales 507 572 (11%) (5%) 249 280 (11%) (4%) Gross profit 194 233 (17%) (10%) 91 109 (16%) (10%) as % of net sales 38.3% 40.8% (2.5pp) 36.4% 38.8% (2.4pp) Operating earnings before other expenses, net 60 89 (33%) (27%) 26 42 (39%) (34%) as % of net sales 11.8% 15.6% (3.8pp) 10.3% 15.1% (4.8pp) Controlling interest net income (loss) 11 33 (67%) -4 4 N/A Operating EBITDA 100 131 (23%) (18%) 46 63 (28%) (23%) as % of net sales 19.8% 22.9% (3.1pp) 18.3% 22.6% (4.3pp) Free cash flow after maintenance capital 41 17 134% 23 45 (49%) expenditures Free cash flow 40 16 143% 21 45 (54%) Net debt 782 879 (11%) 782 879 (11%) Total debt 811 918 (12%) 811 918 (12%) Earnings of continuing operations per share 0.02 0.06 (67%) (0.01) 0.01 N/A Shares outstanding at end of period 557 557 0% 557 557 0% Employees 4,128 4,298 (4%) 4,128 4,298 (4%) Cement and aggregates volumes in thousands of metric tons. Ready-mix volumes in thousands of cubic meters. In millions of US dollars, except volumes, percentages, employees, and per-share amounts. Shares outstanding are presented in millions. Consolidated net sales during the second quarter of 2019 declined by 11% in U.S.-dollar terms, or by 4% in local-currency terms, compared to those of the second quarter of 2018. Increased sales in Colombia and El Salvador were more than offset by lower sales in the other countries, in local-currency terms. Cost of sales as a percentage of net sales during the second quarter increased by 2.4pp from 61.2% to 63.6%, on a year-over-year basis. Operating expenses as a percentage of net sales during the quarter increased by 2.4pp from 23.7% to 26.1%, compared to those of 2018. Operating EBITDA during the second quarter of 2019 declined in U.S.-dollar and local-currency terms by 28% and 23%, respectively, compared to that of the second quarter of 2018. The decline in local-currency terms is mainly due to lower prices, partially offset by the SG&A savings related to our A Stronger CEMEX plan. Operating EBITDA margin during the second quarter of 2019 declined by 4.3pp, compared to that of the second quarter of 2018. Controlling interest net income during the second quarter was negative US$4 million, compared to US$4 million during the same quarter of 2018. Total debt declined US$24 million during the quarter, reaching US$811 million.

OPERATING RESULTS Colombia January—June Second Quarter l-t-l l-t-l 2019 2018 % var 2019 2018 % var % var % var Net sales 250 265 (6%) 6% 122 129 (6%) 7% Operating EBITDA 39 47 (17%) (9%) 17 22 (22%) (14%) Operating EBITDA margin 15.7% 17.9% (2.2pp) 14.1% 17.2% (3.1pp) In millions of US dollars, except percentages. Domestic gray cement Ready-Mix Aggregates January—June Second Quarter January—June Second Quarter January—June Second Quarter Volume 10% 12% 6% 4% 1% 7% Price (USD) (9%) (10%) (12%) (13%) (7%) (10%) Price (local currency) 2% 3% (1%) (1%) 5% 2% Year-over-year percentage variation. In Colombia, during the second quarter our domestic gray cement, ready-mix and aggregates volumes increased by 12%, 4%, and 7%, respectively, compared to those of the second quarter of 2018. For the first six months of the year, our domestic gray cement, ready-mix and aggregates volumes increased by 10%, 6%, and 1%, respectively, on a year-over-year basis. We are encouraged by the positive cement-demand trend in Colombia driven by the infrastructure and the informal-residential sectors. We estimate that industry-cement demand increased by 2% during the quarter and by 3% year-to-date June. Our cement prices from December 2018 to June 2019 increased by 6% in local-currency terms. Panama January—June Second Quarter l-t-l l-t-l 2019 2018 % var 2019 2018 % var % var % var Net sales 98 111 (12%) (12%) 48 50 (5%) (5%) Operating EBITDA 24 35 (31%) (31%) 11 15 (29%) (29%) Operating EBITDA margin 24.9% 31.8% (6.9pp) 22.1% 29.5% (7.4pp) In millions of US dollars, except percentages. Domestic gray cement Ready-Mix Aggregates January—June Second Quarter January—June Second Quarter January—June Second Quarter Volume (10%) (6%) (20%) (7%) (30%) (28%) Price (USD) (6%) (6%) (3%) (2%) (5%) (7%) Price (local currency) (6%) (6%) (3%) (2%) (5%) (7%) Year-over-year percentage variation. In Panama during the second quarter our domestic gray cement, ready-mix and aggregates volumes decreased by 6%, 7%, and 28%, respectively, compared to those of the second quarter of 2018. For the first half of 2019, our domestic gray cement, ready-mix and aggregates volumes declined by 10%, 20%, and 30%, respectively, on a year-over-year basis. We estimate that industry-cement demand during the quarter improved by 2%. However, volumes remained very weak considering that during the same quarter of last year the industry suffered a construction-workers strike, which paralyzed the formal-construction activity for 30 days. Cement demand continued to be affected by high levels of inventory in apartments and offices, as well as by project delays in the infrastructure sector. However, we are optimistic on the infrastructure sector going forward as relevant projects are expected to ramp-up volumes in coming months.

OPERATING RESULTS Costa Rica January—June Second Quarter l-t-l l-t-l 2019 2018 % var 2019 2018 % var % var % var Net sales 55 79 (30%) (26%) 27 43 (37%) (34%) Operating EBITDA 19 25 (26%) (22%) 9 16 (44%) (42%) Operating EBITDA margin 34.1% 32.2% 1.9pp 32.5% 36.7% (4.2pp) In millions of US dollars, except percentages. Domestic gray cement Ready-Mix Aggregates January—June Second Quarter January—June Second Quarter January—June Second Quarter Volume (26%) (31%) (17%) (25%) 8% (2%) Price (USD) (5%) (6%) 2% 3% (10%) (11%) Price (local currency) (0%) (2%) 8% 7% (5%) (7%) Year-over-year percentage variation. In Costa Rica, during the second quarter our domestic gray cement, ready-mix and aggregates volumes decreased by 31%, 25%, and 2%, respectively. For the first six months of the year our domestic gray cement and ready-mix volumes declined by 26% and 17%, respectively, while our aggregates volumes increased by 8%, compared to those of the same period of 2018.    Industry-cement demand was very weak during the quarter. We estimate that it declined by 18%, or by 15% on a daily-sales basis. Uncertainty related to the implementation of the fiscal reform affected consumer and business confidence. Additionally, we observed some delays in infrastructure projects. Rest of CLH January—June Second Quarter l-t-l l-t-l 2019 2018 % var 2019 2018 % var % var % var Net sales 113 124 (9%) (5%) 57 61 (7%) (4%) Operating EBITDA 33 42 (23%) (19%) 15 20 (23%) (20%) Operating EBITDA margin 28.8% 33.9% (5.1pp) 27.3% 32.7% (5.4pp) In millions of US dollars, except percentages. Domestic gray cement Ready-Mix Aggregates January—June Second Quarter January—June Second Quarter January—June Second Quarter Volume (4%) (2%) (45%) (53%) (58%) (55%) Price (USD) (2%) (2%) 1% 3% 8% 15% Price (local currency) 1% 1% 5% 6% 13% 21% Year-over-year percentage variation. In the Rest of CLH region, which includes our operations in Nicaragua, Guatemala and El Salvador, our domestic gray cement, ready-mix and aggregates volumes declined by 2%, 53%, and 55%, respectively, during the second quarter on a year-over-year basis. During the first half of the year, our domestic gray cement, ready-mix and aggregates volumes declined by 4%, 45%, and 58%, respectively, compared to those of the first half of 2018. In Nicaragua, the socio-political crisis remains unresolved and continues to take a toll in economic activity, including cement demand. Most of the highway projects sponsored by the government are in late construction stages and are not being replaced by new projects. Going forward, the self-construction sector should continue supporting cement consumption in the country. In Guatemala, our quarterly cement volumes in the country declined by 2% or increased by 1% adjusting for 2 fewer working days. Ready-mix volumes declined due to unusual heavy rains, as well as a high base of comparison in the same period of last year, when some relevant projects were under construction.

OPERATING EBITDA, FREE CASH FLOW AND DEBT RELATED INFORMATION Operating EBITDA and free cash flow January—June Second Quarter 2019 2018 % var 2019 2018 % var Operating earnings before other expenses, net 60 89 (33%) 26 42 (39%) + Depreciation and operating amortization 41 42 20 21 Operating EBITDA 100 131 (23%) 46 63 (28%) - Net financial expense 27 30 13 15 - Capital expenditures for maintenance 17 18 12 11 - Change in working Capital (4) 10 (10) (24) - Taxes paid 24 25 10 13 - Other cash items (Net) (3) 28 (3) 2 - Free cash flow discontinued operations 0 3 0 1 Free cash flow after maintenance capital exp 41 17 134% 23 45 (49%) - Strategic Capital expenditures 1 1 1 0 Free cash flow 40 16 143% 21 45 (54%) In millions of US dollars, except percentages. Information on Debt Second Quarter First Quarter 2019 2018 % var 2019 Total debt 1, 2 811 918 835 Short term 17% 23% 1% Long term 83% 77% 99% Cash and cash equivalents 28 39 (27%) 38 Net debt 782 879 (11%) 797 Net debt / EBITDA 3.6x 3.2x 3.4x Second Quarter 2019 2018 Currency denomination U.S. dollar 99% 98% Colombian peso 1% 2% Interest rate Fixed 58% 62% Variable 42% 38% In millions of US dollars, except percentages. 1 Includes leases, in accordance with International Financial Reporting Standards (IFRS). 2 Represents the consolidated balances of CLH and subsidiaries.

OPERATING RESULTS Income statement & balance sheet CEMEX Latam Holdings, S.A. and Subsidiaries in thousands of U.S. Dollars, except per share amounts January—June Second Quarter l-t-l l-t-l INCOME STATEMENT 2019 2018 % var 2019 2018 % var % var % var Net sales 507,182 571,903 (11%) (5%) 248,958 280,018 (11%) (4%) Cost of sales (312,906) (338,635) 8% (158,243) (171,382) 8% Gross profit 194,276 233,268 (17%) (10%) 90,715 108,636 (16%) (10%) Operating expenses (134,608) (144,116) 7% (65,011) (66,451) 2% Operating earnings before other expenses, net 59,668 89,152 (33%) (27%) 25,704 42,185 (39%) (34%) Other expenses, net (8,093) (6,016) (35%) (8,156) (4,654) (75%) Operating earnings 51,575 83,137 (38%) 17,548 37,531 (53%) Financial expenses (27,007) (29,994) 10% (13,151) (14,834) 11% Other income (expenses), net (5,887) 4,646 n/a (8,659) (13,975) 38% Net income before income taxes 18,681 57,789 (68%) (4,262) 8,722 n/a Income tax (7,538) (23,534) 68% (235) (5,336) 96% Profit of continuing operations 11,143 34,255 (67%) (4,497) 3,386 n/a Discontinued operations 0 (724) 100% 0 134 n/a Consolidated net income 11,143 33,531 (67%) (4,497) 3,520 n/a Non-controlling Interest Net Income (9) (79) 88% 30 (11) n/a Controlling Interest Net Income 11,134 33,452 (67%) (4,467) 3,509 n/a Operating EBITDA 100,176 130,828 (23%) (18%) 45,537 63,157 (28%) (23%) Earnings of continued operations per share 0.02 0.06 (67%) (0.01) 0.01 n/a Earnings of discontinued operations per share 0.00 (0.00) 100% 0.00 0.00 (100%) as of June 30 BALANCE SHEET 2019 2018 % var Total Assets 3,033,689 3,266,315 (7%) Cash and Temporary Investments 28,300 39,222 (28%) Trade Accounts Receivables 82,911 112,400 (26%) Other Receivables 54,190 54,224 (0%) Inventories 80,023 84,454 (5%) Assets held for sale 0 54,519 (100%) Other Current Assets 27,566 30,372 (9%) Current Assets 272,990 375,191 (27%) Fixed Assets 1,170,711 1,251,158 (6%) Other Assets 1,589,988 1,639,966 (3%) Total Liabilities 1,479,606 1,705,968 (13%) Liabilities available for sale 0 20,584 (100%) Other Current Liabilities 403,749 518,632 (22%) Current Liabilities 403,749 539,216 (25%) Long-Term Liabilities 1,057,916 1,153,680 (8%) Other Liabilities 17,941 13,072 37% Consolidated Stockholders’ Equity 1,554,083 1,560,347 (0%) Non-controlling Interest 5,274 6,358 (17%) Stockholders’ Equity Attributable to Controlling Interest 1,548,809 1,553,989 (0%)

OPERATING RESULTS Income statement & balance sheet CEMEX Latam Holdings, S.A. and Subsidiaries in millions of Colombian Pesos in nominal terms, except per share amounts January—June Second Quarter INCOME STATEMENT 2019 2018 % var 2019 2018 % var Net sales 1,624,798 1,629,632 (0%) 814,191 804,247 1% Cost of sales (1,002,418) (964,937) (4%) (517,518) (492,230) (5%) Gross profit 622,380 664,695 (6%) 296,673 312,017 (5%) Operating expenses (431,229) (410,657) (5%) (212,610) (190,857) (11%) Operating earnings before other expenses, net 191,151 254,038 (25%) 84,063 121,160 (31%) Other expenses, net (25,926) (17,143) (51%) (26,671) (13,367) (100%) Operating earnings 165,225 236,897 (30%) 57,392 107,793 (47%) Financial expenses (86,519) (85,468) (1%) (43,009) (42,605) (1%) Other income (expenses), net (18,860) 13,240 n/a (28,321) (40,138) 29% Net income before income taxes 59,846 164,669 (64%) (13,938) 25,050 n/a Income tax (24,149) (67,060) 64% (771) (15,325) 95% Profit of continuing operations 35,697 97,609 (63%) (14,709) 9,725 n/a Discontinued operations 0 (2,061) 100% 0 384 (100%) Consolidated net income 35,697 95,548 (63%) (14,709) 10,109 n/a Non-controlling Interest Net Income (30) (226) 87% 100 (32) n/a Controlling Interest Net Income 35,667 95,322 (63%) (14,609) 10,077 n/a Operating EBITDA 320,921 372,793 (14%) 148,926 181,396 (18%) Earnings of continued operations per share 64 175 (63%) (26) 17 n/a Earnings of discontinued operations per share 0 (4) (100%) 0 1 (100%) as of June 30 BALANCE SHEET 2019 2018 % var Total Assets 9,725,005 9,572,916 2% Cash and Temporary Investments 90,720 114,952 (21%) Trade Accounts Receivables 265,785 329,423 (19%) Other Receivables 173,715 158,920 9% Inventories 256,526 247,518 4% Assets held for sale 0 159,784 (100%) Other Current Assets 88,372 89,014 (1%) Current Assets 875,118 1,099,611 (20%) Fixed Assets 3,752,912 3,666,894 2% Other Assets 5,096,975 4,806,411 6% Total Liabilities 4,743,128 4,999,850 (5%) Liabilities available for sale 0 60,328 (100%) Other Current Liabilities 1,294,285 1,520,005 (15%) Current Liabilities 1,294,285 1,580,333 (18%) Long-Term Liabilities 3,391,329 3,381,204 0% Other Liabilities 57,514 38,313 50% Consolidated Stockholders’ Equity 4,981,877 4,573,066 9% Non-controlling Interest 16,908 18,634 (9%) Stockholders’ Equity Attributable to Controlling Interest 4,964,969 4,554,432 9%

OPERATING RESULTS Operating Summary per Country in thousands of U.S. dollars Operating EBITDA margin as a percentage of net sales January—June Second Quarter l-t-l l-t-l 2019 2018 % var 2019 2018 % var % var % var NET SALES Colombia 249,651 264,975 (6%) 6% 121,585 128,832 (6%) 7% Panama 97,856 111,480 (12%) (12%) 47,832 50,184 (5%) (5%) Costa Rica 55,208 78,931 (30%) (26%) 27,451 43,232 (37%) (34%) Rest of CLH 113,174 124,002 (9%) (5%) 56,603 61,138 (7%) (4%) Others and intercompany eliminations (8,707) (7,485) (16%) (16%) (4,513) (3,368) (34%) (34%) TOTAL 507,182 571,903 (11%) (5%) 248,958 280,018 (11%) (4%) GROSS PROFIT Colombia 91,959 99,276 (7%) 4% 43,474 47,092 (8%) 5% Panama 31,963 45,048 (29%) (29%) 14,154 19,719 (28%) (28%) Costa Rica 27,643 35,006 (21%) (17%) 13,472 20,863 (35%) (33%) Rest of CLH 43,855 52,912 (17%) (14%) 20,914 25,087 (17%) (14%) Others and intercompany eliminations (1,144) 1,026 N/A N/A (1,299) (4,123) 68% 69% TOTAL 194,276 233,268 (17%) (10%) 90,715 108,636 (16%) (10%) OPERATING EARNINGS BEFORE OTHER EXPENSES, NET Colombia 25,434 32,572 (22%) (14%) 10,545 14,581 (28%) (22%) Panama 15,693 27,312 (43%) (43%) 6,526 10,713 (39%) (39%) Costa Rica 16,474 22,940 (28%) (24%) 7,808 14,615 (47%) (44%) Rest of CLH 28,638 37,901 (24%) (21%) 13,373 17,859 (25%) (22%) Others and intercompany eliminations (26,571) (31,573) 16% 17% (12,548) (15,583) 19% 23% TOTAL 59,668 89,152 (33%) (27%) 25,704 42,185 (39%) (34%) OPERATING EBITDA Colombia 39,073 47,359 (17%) (9%) 17,188 22,115 (22%) (14%) Panama 24,412 35,409 (31%) (31%) 10,570 14,789 (29%) (29%) Costa Rica 18,811 25,427 (26%) (22%) 8,931 15,864 (44%) (42%) Rest of CLH 32,581 42,040 (23%) (19%) 15,471 19,980 (23%) (20%) Others and intercompany eliminations (14,701) (19,407) 24% 27% (6,622) (9,591) 31% 36% TOTAL 100,176 130,828 (23%) (18%) 45,538 63,157 (28%) (23%) OPERATING EBITDA MARGIN Colombia 15.7% 17.9% (2.2pp) 14.1% 17.2% (3.1pp) Panama 24.9% 31.8% (6.9pp) 22.1% 29.5% (7.4pp) Costa Rica 34.1% 32.2% 1.9pp 32.5% 36.7% (4.2pp) Rest of CLH 28.8% 33.9% (5.1pp) 27.3% 32.7% (5.4pp) TOTAL 19.8% 22.9% (3.1pp) 18.3% 22.6% (4.3pp)

OPERATING RESULTS Volume Summary Consolidated volume summary Cement and aggregates in thousands of metric tons Ready mix in thousands of cubic meters January—June Second Quarter 2019 2018 % var 2019 2018 % var Total cement volume 1 3,245 3,331 (3%) 1,620 1,638 (1%) Total domestic gray cement volume 2,912 2,905 0% 1,459 1,442 1% Total ready-mix volume 1,230 1,287 (4%) 588 616 (5%) Total aggregates volume 2,951 3,235 (9%) 1,462 1,558 (6%) 1 Consolidated cement volume includes domestic and export volume of gray cement, white cement, special cement, mortar and clinker. Per-country volume summary January—June Second Quarter Second Quarter 2019 2019 vs. 2018 2019 vs. 2018 vs. First Quarter 2019 DOMESTIC GRAY CEMENT Colombia 10% 12% 1% Panama (10%) (6%) 0% Costa Rica (26%) (31%) (1%) Rest of CLH (4%) (2%) 0% READY-MIX Colombia 6% 4% (7%) Panama (20%) (7%) (8%) Costa Rica (17%) (25%) (2%) Rest of CLH (45%) (53%) (29%) AGGREGATES Colombia 1% 7% 1% Panama (30%) (28%) (13%) Costa Rica 8% (2%) (3%) Rest of CLH (58%) (55%) 23%

OPERATING RESULTS Price Summary Variation in U.S. dollars January—June Second Quarter Second Quarter 2019 2019 vs. 2018 2019 vs. 2018 vs. First Quarter 2019 DOMESTIC GRAY CEMENT Colombia (9%) (10%) (3%) Panama (6%) (6%) (2%) Costa Rica (5%) (6%) 1% Rest of CLH (2%) (2%) (0%) READY-MIX Colombia (12%) (13%) (5%) Panama (3%) (2%) (4%) Costa Rica 2% 3% 4% Rest of CLH 1% 3% 4% AGGREGATES Colombia (7%) (10%) (5%) Panama (5%) (7%) (4%) Costa Rica (10%) (11%) 3% Rest of CLH 8% 15% 8% For Rest of CLH, volume-weighted average prices. Variation in local currency January—June Second Quarter Second Quarter 2019 2019 vs. 2018 2019 vs. 2018 vs. First Quarter 2019 DOMESTIC GRAY CEMENT Colombia 2% 3% 2% Panama (6%) (6%) (2%) Costa Rica (0%) (2%) (2%) Rest of CLH 1% 1% (0%) READY-MIX Colombia (1%) (1%) (1%) Panama (3%) (2%) (4%) Costa Rica 8% 7% 1% Rest of CLH 5% 6% 3% AGGREGATES Colombia 5% 2% (1%) Panama (5%) (7%) (4%) Costa Rica (5%) (7%) 0% Rest of CLH 13% 21% 10% For Rest of CLH, volume-weighted average prices.

DEFINITIONS OF TERMS AND DISCLOSURES IFRS 16, Leases (“IFRS 16”) Beginning January 1, 2019, IFRS 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 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 Latam adopted IFRS 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: (Millions of dollars) January 1st, 2018 Assets for the Right-of-use $ 15.7 Deferred tax assets $ 2.8 Lease financial liabilities $ (23.0) Deferred tax liabilities $ (0.7) Retained earnings1 $ (5.2) 1 The initial effect in retained earnings refers to a temporary difference between the straight-line amortization expense of the right-of-use asset against 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 Latam modified the previously reported income statement for the six-month period ended June 30, 2018 to give effect to the retrospective adoption of IFRS 16, as follows: Selected information Income Statement Original Reported Modified (Millions of dollars) Jan-Jun 2Q Jan-Jun 2Q Revenues 571.9 280.0 571.9 280.0 Cost of sales (339.3) (171.6) (338.6) (171.4) Operating expenses (144.3) (66.5) (144.1) (66.4) Other expenses, net (6.0) (4.6) (6.0) (4.6) Financial (expense) income and others (24.2) (28.2) (25.3) (28.8) Earnings before income tax 58.0 8.9 57.8 8.7 Income tax (23.6) (5.4) (23.5) (5.3) Earnings from continuing operations 34.4 3.5 34.3 3.4 As of June 30, 2019, and December 31, 2018, assets for the right-of-use amounted to $17.0 million and $14.9 million, respectively. In addition, financial liabilities related to lease contracts amounted to $23.8 million as of June 30, 2019 and $22.3 million as of December 31, 2018 and were included within “Debt and other financial liabilities”.

DEFINITIONS OF TERMS AND DISCLOSURES Methodology for translation and presentation of results Under IFRS, CLH reports its consolidated results in its functional currency, which is the US Dollar, by translating the financial statements of foreign subsidiaries using the corresponding exchange rate at the reporting date for the balance sheet and the corresponding exchange rates at the end of each month for the income statement.

For the reader’s convenience, Colombian peso amounts for the consolidated entity are calculated by converting the US dollar amounts using the closing COP/US$ exchange rate at the reporting date for balance sheet purposes, and the average COP/US$ exchange rate for the corresponding period for income statement purposes. The exchange rates are provided below. Per-country/region selected financial information of the income statement is presented before corporate charges and royalties which are included under “other and intercompany eliminations.” Discontinued operations and assets held for sale On September 27, 2018, after receiving the corresponding authorizations by local authorities, CEMEX Latam concluded the disposal of its construction materials operations in Brazil to Votorantim Cimentos N/NE S.A., comprised of a fluvial cement distribution terminal located in Manaus, Amazonas state and its operating license. The selling price was approximately US$31 million including working capital adjustments. CEMEX Latam’s operations in Brazil for the six-month period ended June 30, 2018 were reclassified and reported net of tax in the single line item “Discontinued Operations”. The following table presents condensed combined information of the income statements of CEMEX Latam discontinued operations in its operating segment in Brazil for the six-month period ended June 30, 2018: INCOME STATEMENT (Millions of dollars) Jan—Jun 2019 2018 Second Quarter 2019 2018 Sales —   17.7 —   8.6 Cost of sales and operating —   (18.5) —   (8.4) Other expenses, net —   (0.1) —   (0.0) Interest expense, net and others —   (0.1) —   (0.1) Income (loss) before income tax —   (0.9) —   (0.0) Income tax —   0.2 —   0.1 Loss of discontinued operations —   (0.7) —   0.1 Result in sale, withholding and Fx reclassification —   —   —   —   Net loss of discontinued operations —   (0.7) —   0.1 Consolidated financial information When reference is made to consolidated financial information means the financial information of CLH together with its consolidated subsidiaries. Presentation of financial and operating information Individual information is provided for Colombia, Panama and Costa Rica. Countries in Rest of CLH include Nicaragua, Guatemala and El Salvador. Exchange rates January—June 2019 EoP 2018 EoP January—June 2019 average 2018 average Second Quarter 2019 average 2018 average Colombian peso 3,205.67 2,930.80 3,203.58 2,849.49 3,270.40 2,872.13 Panama balboa 1.00 1.00 1.00 1.00 1.00 1.00 Costa Rica colon 583.64 570.08 600.09 570.26 591.09 569.05 Euro 0.88 0.86 0.89 0.83 0.89 0.85 Amounts provided in units of local currency per US dollar.

DEFINITIONS OF TERMS AND DISCLOSURES Definition of terms 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 CLH’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 internal policies. Net debt equals total debt minus cash and cash equivalents. Operating EBITDA equals operating earnings before other expenses, net, plus depreciation and operating amortization. pp equals percentage points. EoP equals End of Period. Strategic capital expenditures investments incurred with the purpose of increasing CLH’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. Working capital equals operating accounts receivable (including other current assets received as payment in kind) plus historical inventories

minus operating payables.

EX-99.3

Exhibit 3

RESULTS 2Q19

July 25 , 2019

Forward looking information

This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “assume,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “plan,” “believe,” “foresee,” “predict,” “potential” “target,” “strategy,” and “intend” or other similar words. These forward-looking statements reflect CEMEX Latam Holdings, S.A.’s (“CLH”) current expectations and projection s about future events based on CLH’s knowledge of present facts and circumstances and assumptions about future events, as well as CLH´s current plants based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CLH’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 CLH or its subsidiaries, include, but are not limited to, the cyclical activity of the construction sector; CLH’s exposure to other sectors that impact CLH’s business, such as, but not limited to, the energy sector; competition; availability of raw materials and related fluctuating prices; general political, social, economic and business conditions in the markets in which CLH operates or that affects its operations and any significant economic, political or social developments in those markets, including any nationalization or privatization of any assets or operations; the regulatory environment, including environmental, tax, antitrust and acquisition-related rules and regulations; CLH’s ability to satisfy its debt obligations and CEMEX, S.A.B. de C.V.’s (“CEMEX”) ability 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; availability of short-term credit lines, which can assist us in connection with market cycles; the impact of CEMEX’s below investment grade debt rating on CLH’s and CEMEX’s cost of capital; lost of reputation of our brands; CEMEX’s ability to consummate asset sales and fully integrate newly acquired businesses; achieve cost-savings from CLH’s cost-reduction initiatives and implement CLH’s pricing initiatives for CLH’s products; the increasing reliance on information technology infrastructure for CLH’s operations, sales in general, sales 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 subject to cyber-attacks; weather conditions; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products; weather conditions; trade barriers; including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from free trade agreements; terrorist and organized criminal activities as well as geopolitical events; declarations of insolvency or bankruptcy or becoming subject to similar proceedings; natural disasters and other unforeseen events; and the other risks and uncertainties described in CLH’s public filings. Readers are urged to read these presentations and carefully consider the risks, uncertainties and other factors that affect CLH’s business. The information contained in these presentations is subject to change without notice, and CLH 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 CLH’s prices for CLH’s products.

UNLESS OTHERWISE NOTED, ALL CONSOLIDATED FIGURES ARE PRESENTED IN DOLLARS AND ARE BASED ON THE FINANCIAL STATEMENTS OF EACH COUNTRY PREPARED UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS.

Copyright CEMEX Latam Holdings, S.A. and its subsidiaries.

2

Financial Results Summary Net Sales (US$M) -11%     572     507 -11% 280 249 6M18     6M192Q182Q19 Operating EBITDA     (US$M)     -23%     -28% 131     100    63 46 6M18    6M19 2Q182Q19 Margin EBITDA     (%) -3.1pp     -4.3pp

. 9%     6%

22     22 .

. 8%     3%

19     18 .

6M18    6M19 2Q182Q19

3

Consolidated Volumes and Prices

6M19 vs. 2Q19 vs.2Q19 vs.

6M18 2Q181Q19

Volume    0% 1%0%

Domestic    

gray    Price (USD) -8%-9%-2%

cement    

Price (LtL1)    -1% -1%0%

Volume    -4% -5%-8%

Ready-mix    

concrete    Price (USD) -9%-10%-4%

Price (LtL1)    -1% -1%-1%

Volume    -9% -6%-2%

Aggregates    Price (USD) -6%-8%-4%

Price (LtL1)    2% 2%-1%

Domestic gray cement volumes during the quarter improved by 1%

or by 2% on a daily-sales basis, compared to those of the same period of 2018, driven by increased volumes in Colombia and El Salvador

Improved cement prices during the quarter in Colombia and the Rest of CLH region

were offset by lower prices in Panama and Costa Rica, on a year-over-year basis

During the quarter, the U.S.-dollar appreciated versus the currencies of Colombia, Costa Rica, Nicaragua and Guatemala

by 14%, 4%, 5% and 3%, respectively, on a year-over-year basis

(1) Like-to-like prices adjusted for foreign-exchange fluctuations

4

EBITDA Variation 6M19

-23%

131    

-11    3 -14-54-7

100

EBITDA    Vol PriceO. CostsDistSG&AFXEBITDA

6M18     6M19

22.9%     19.8%

-3.1pp

EBITDA     EBITDA

Margin 6M18     Margin 6M19

5

REGIONAL HIGHLIGHTS

2Q19 Results

Results Highlights Colombia

Colombia –Results Highlights

6M19 6M18% var2Q192Q18% var

Net Sales    250 265-6%122129-6%

Financial    

Summary    Op. EBITDA 3947-17%1722-22%

US$ Million    as % net

sales    15.7% 17.9% (2.2pp)14.1%17.2%(3.1pp)

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     10%12%1%

Volume    Ready mix 6%4%-7%

Aggregates     1%7%1%

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     2%3%2%

Price    

(Local Currency)    Ready mix -1%-1%-1%

Aggregates     5%2%-1%

We are very pleased with our cement volume and price performance during 2Q19,

our volumes increased by 12% YoY while our prices improved by 3% YoY; our cement prices from December to June increased by 6% in local-currency terms

Net sales increased by 7% in local-currency terms during 2Q19

due to higher volumes as well as higher cement and aggregates prices; in U.S.-dollar terms, net sales declined by 6%.

EBITDA margin during 2Q19 declined to 14.1%,

increased sales and lower SG&A, which in total accounted for an improvement of 3.2pp, were more than offset by increased coal, electricity and distribution costs, which in total accounted for 6.5pp of margin erosion.

8

Colombia –Residencial Sector

For the full year 2019, we expect cement-industry volumes to the residential sector to increase in the low-single digits, supported by the self-construction and social-housing segments

We estimate that industry-cement dispatches to the residential sector remained stable during the quarter,

improved demand to the self-construction segment was offset by lower volumes to the formal mid-to-high-income segment

Increased volumes to the self-construction segment

during 2Q19 were driven by the economic recovery, increased remittances and potentially, by the effect of immigration from Venezuela to the country

We are a bit more optimistic on social housing going forward

due to the low levels of inventory and the recently announced government measures to support subsidy programs. Among the most relevant are the guarantee of funds for the “Mi Casa Ya” subsidy program until 2024, and the increase in the maximum home price allowed to receive a subsidy from around US$35,000 to close to US$40,000.

9

Colombia –Infrastructure Sector

During 2019, we expect industry cement volumes to the infrastructure sector to increase in the mid-to-high-single digits

The infrastructure sector continued its positive performance during 2Q19,

we estimate that industry-cement volumes to this sector increased in the high-single digits during this period

Our volumes to this sector were supported by 4G highways,

projects in Bogota, the school-construction program sponsored by the government, as well as other relevant projects across the country

4G projects continue advancing at good pace,

we are currently supplying to projects such as “Autopista Mar 1”, “Neiva-Girardot” and “Pasto-Rumichaca”, among others; we estimate that industry total ready-mix volumes for these projects will reach around 610,000 m3 in 2019, 38% more compared to those of the previous year

10

Results Highlights Panama

Panama –Results Highlights

6M19 6M18% var2Q192Q18% var

Net Sales    98 111-12%4850-5%

Financial    

Summary    Op. EBITDA 2435-31%1115-29%

US$ Million    as % net

sales    24.9% 31.8% (6.9pp)22.1%29.5%(7.4pp)

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     -10%-6%0%

Volume    Ready mix -20%-7%-8%

Aggregates     -30%-28%-13%

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     -6%-6%-2%

Price    

(Local Currency)    Ready mix -3%-2%-4%

Aggregates     -5%-7%-4%

Cement demand remained weak during 2Q19,

we estimate that industry-cement demand improved by 2% in this period, as a result of the construction-workers strike that took place during 2Q18; cement imports reached an estimated 6% participation during the quarter

High levels of inventory in apartments and offices,

as well as project delays in the infrastructure sector, affected cement demand during the quarter. We are optimistic in the infrastructure sector going forward as relevant projects should ram-up cement consumption soon

During 2Q19 our EBITDA margin declined by 7.4 pp,

major maintenance works performed during the quarter, and not done during 2Q18, accounted for 6.6pp of the margin decline, while lower sales resulted in a 6.2pp drop. On the other hand, the optimization of our ready-mix business and SG&A reductions impacted favorably by 5.4pp

12

Panama –Sector Highlights

We now expect our cement volumes in Panama to decline from 6% to 8% during 2019

For the rest of 2019, we expect the infrastructure sector to be the main driver of demand,

the “Corredor de las Playas” highway and the Fourth Bridge over the canal recently started construction and should ramp-up volumes soon

For the full year 2019, we expect industry-cement demand to bottom out and decline in the mid-single digits.

Next year, additional projects worth US$4 billion should start, among the most relevant are the US$2.6 billion third line of the metro, the US$500 million water-discharge structure for the canal, a US$300 million transmission line, and a US$150 million wind farm

13

Results Highlights Costa Rica

Costa Rica –Results Highlights

6M19 6M18% var2Q192Q18% var

Net Sales    55 79-30%2743-37%

Financial    

Summary    Op. EBITDA 1925-26%916-44%

US$ Million    as % net

sales    34.1% 32.2%1.9pp32.5%36.7%(4.2pp)

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     -26%-31%-1%

Volume    Ready mix -17%-25%-2%

Aggregates     8%-2%-3%

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     0%-2%-2%

Price    

(Local Currency)    Ready mix 8%7%1%

Aggregates     -5%-7%0%

Industry-cement demand was very weak during 2Q19,

we estimate that it declined by 18%; uncertainty related to the implementation of the fiscal reform affected consumer and business confidence

Our quarterly cement volume performance reflects a high base of comparison in 2Q18,

as the new competitor commissioned its cement grinding mill in July 2018. Additionally, relevant projects ramped-up volumes during 1H18

The EBITDA margin during the quarter declined by 4.2pp

mainly due to lower volumes

15

Costa Rica –Sector Highlights

Considering lower industry-cement demand as well as the presence of the new competitor for the full year, we now expect our volumes to decline from 19% to 25% during 2019

During the quarter, our volumes were supported by infrastructure projects

such as “Circunvalación Norte”, “Ruta 32: Rio Frio–Limon” and the “Garantías Sociales” bridge

For the full year 2019, we now estimate that industry-cement demand will decline in the mid-teens during 2019,

mainly due to a larger than expected impact related to the fiscal reform, and to infrastructure project delays

We expect cement-industry volumes to bottom-out this year.

Demand is expected to grow in 2020 driven by the infrastructure project pipeline, which execution has been delayed this year

16

Results Highlights Rest of CLH

Rest of CLH –Results Highlights

6M19 6M18% var2Q192Q18% var

Net Sales    113 124-9%5761-7%

Financial    

Summary    Op. EBITDA 3342-23%1520-23%

US$ Million    as % net

sales    28.8% 33.9% (5.1pp)27.3%32.7%(5.4pp)

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     -4%-2%0%

Volume    Ready mix -45%-53%-29%

Aggregates     -58%-55%23%

6M19 vs. 6M18 2Q19 vs. 2Q182Q19 vs. 1Q19

Cement     1%1%0%

Price    

(Local Currency)    Ready mix 5%6%3%

Aggregates     13%21%10%

Higher cement volumes during the quarter in El Salvador,

were offset by lower volumes in Nicaragua and Guatemala; cement and ready-mix volumes in Guatemala were impacted by heavy rains in this period

Quarterly cement prices in local-currency terms increased

by 1% YoY and remained flat QoQ

Our EBITDA margin declined by 5.4pp

mainly due to higher purchased-clinker costs in Guatemala; in Nicaragua the margin remained relatively stable as the unfavorable volume impact was offset by lower operating costs

18

Nicaragua –Sector Highlights

We expect our volumes in Nicaragua to decline around 20% during 2019

The socio-political crisis remains unresolved,

and continues to take a toll in economic activity, including cement demand

Our cement volumes during the quarter declined by 6% YoY and by

5% QoQ,

most of the highway projects sponsored by the government are in late construction stages and are not being replaced by new projects; going forward the self-construction sector should continue supporting cement consumption in the country

19

Guatemala –Sector Highlights

We expect our full year cement volumes in Guatemala to increase in the low-single digits during 2019, relatively in line with the growth for the industry

The first round of presidential elections was in mid-June and the second round will take place on August 11th,

we don’t expect the result of the elections to have a material impact in cement demand because of the relatively low participation of public investment in the construction industry.

Our quarterly cement volumes declined by 2% or increased by 1% on a daily-sales basis.

Our ready-mix volumes declined by 44% due to unusual heavy rains, as well as a high base of comparison in the same period of last year when relevant projects were under construction

20

OTHER INFORMATION

2Q19 Results

Free Cash Flow

US$ Million    6M19 6M18% var2Q192Q18% var

Operating. EBITEBITDA    100 131-23%4663-28%

- Net financial expense    27 301315

- Maintenance Capex    17 181211

- Change in working cap    -4 10-10-24

- Taxes paid    24 251013

- Other cash items (net)    -3 28-32

- Free cash flow    0 301

discontinued operations    

Free Cash Flow    41 17134%2345-49%

After Maintenance Capex    

- Strategic Capex    1 110

Free Cash Flow    40 16143%2145-54%

Our free cash flow improved to US$40 million during 1H19,

mainly due to a positive effect in working capital, the impact of the US$25-million-fine paid in Colombia during 1Q18, and lower financial expenses. Additionally, we received US$6.5 million in proceeds from idle-land sales in Colombia during 1H19

Financial expenses during 2Q19 were US$1.7 million lower than those of 2Q18,

this interest expense reduction was achieved due to the reduction in debt

We are pleased with our working capital management

our average working capital days during the quarter were reduced to negative 17, from negative 14 during the same period of last year

22

Income Statement Items

Our controlling interest net income was negative US$4 million during the quarter, compared to US$4 million during 2Q18

the lower net income was due to lower operating earnings before other expenses, net, and higher other expenses, net, partially offset by lower financial expenses and income taxes, as well as a positive effect in financial other income and expenses

Other expenses net, during 2Q19, includes a US$5 million provision,

related to the potential impact from the early termination of an aggregates-supply contract in Panama

Other income and expenses, net, was negative US$9 million during the quarter, compared to negative US$14 million during 2Q18

in both cases, the negative effect was due to a foreign-exchange effect on the debt balance, mainly from the U.S.-dollar appreciation versus the Colombian peso from March to June in both periods

23

Consolidated debt as of June 30, 2019

US$    Million

458

329    

2020    2021 20222023

Type    Currency CostUS$ M

Banks    COP 9.21%7

Intercompany    USD 6ML + 250 bps130

Intercompany    USD 6ML + 255 bps192

Intercompany    USD Fixed 5.65%458

Other debt (Leases)     24

Average Cost / Total    USD 5.27%1811

(1) Average Cost of USD denominated debt

The term “Intercompany” refers to debt with subsidiaries of CEMEX, S.A.B. de C.V.

US$811 M total debt

Our total debt was reduced by US$24 million during the quarter, from US$835 million as of March, to US$811 million as of June

3.6x Net Debt / EBITDA

Interest Rate    

Variable    

42%    Fixed

58%    

24

2019 Guidance

Volume YoY%    

Cement    Ready—Mix Aggregates

Colombia    

4% to 6%    1% to 3% 1% to 3%

Cement    Ready—Mix Aggregates

Panama    

-8% to -6%    -20% to -17% -23% to -20%

Cement    Ready—Mix Aggregates

Costa Rica    

-25% to -19%    -10% to -8% 5% to 7%

Consolidated volumes:

- Cement: -3% to 0%

- Ready-mix: -8% to -5%

- Aggregates: -6% to 0%

Total Capex US$50M

Maintenance US$42 M Strategic US$8 M

These figures now include an additional US$8 million non-cash effect related to IFRS16

Consolidated Cash taxes

US$60 M

25

RESULTS 2Q19

July 25 , 2019