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.