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

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

3. Presentation regarding second 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: July 25, 2019	By:	/s/ Rafael Garza Lozano
		Name: Rafael Garza Lozano
		Title: Chief Comptroller

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EXHIBIT INDEX

EXHIBIT NO.	DESCRIPTION
1.	Press release issued by CEMEX Holdings Philippines in the Philippines dated July 26, 2019, announcing second quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).
2.	Second quarter 2019 results for CEMEX Holdings Philippines, Inc., an indirect subsidiary of CEMEX, S.A.B. de C.V. (NYSE:CX).
3.	Presentation regarding second 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 SALES GROWS 4% DURING THE FIRST SIX MONTHS OF 2019

• Sales increased by 4% year-over-year during the first half of the year, amounting to PHP 12.4 billion.

MANILA, PHILIPPINES. JULY 26, 2019 – CEMEX HOLDINGS PHILIPPINES, INC. (“CHP”) (PSE: CHP), announced today that sales increased by 4% during the first six months of 2019, to PHP 12.4 billion, versus the comparable period in 2018. Sales increased by 2% year-over-year in the second quarter, reaching PHP 6.1 billion.

Domestic cement volumes for the second quarter was 2% lower year-over-year, and 3% lower than the previous quarter. The result reflects a slowdown in construction related to the delayed approval of the national budget and restrictions on building activity surrounding the mid-term elections. Volumes were also affected by Holy Week and election holidays. Adjusting for this impact, average daily sales volumes increased by 3% year-over-year during the quarter.

The company remains positive on industry outlook, as it expects cement demand to increase by 8-12% for the rest of 2019. CHP expects its domestic cement volumes to grow in line with demand for the same period.

Cost of sales during the first six months of 2019 increased by 6% year-over-year, slightly above the growth in sales during the first half. As a percentage of sales, cost of sales was at 59%.

Operating expenses, as a percentage of sales, were lower by 4 percentage points year-over-year during the first half, with the reduction coming from the distribution side. For full year 2019, the company is targeting to lower distribution expenses, as a percentage of sales, by 1 to 2 percentage points.

CHP posted an operating EBITDA of PHP 2.37 billion during the first six months of the year.

Ignacio Mijares, CHP President and CEO, said: “During the first six months of 2019, we faced challenging operational and market circumstances. Nevertheless, we concentrated our efforts on the variables within our control, and we are proud of the progress we have achieved during the first half of 2019. We believe that this moderation in construction activity is temporary as solid macroeconomic fundamentals and the government’s drive to build infrastructure will support growth in the second half of the year.”

Regarding the company’s plans to raise equity capital, CHP’s management continues to believe that an increase in the authorized capital stock, followed by a potential equity raising transaction, is the best option for CHP to improve its capital structure, provide balance sheet flexibility, and fund the ongoing Solid Cement Plant expansion.

1

“As private and public construction activity is expected to pick up, I look forward to the second half of the year as we continue to focus on delivering on our commitments and providing value for all our stakeholders,” Mr. Mijares added.

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

Operating and Financial Highlights January—June Second Quarter 2019 2018 % var 2019 2018 % var Net sales 12,356 11,879 4% 6,119 5,988 2% Gross profit 5,081 4,996 2% 2,768 2,531 9% as % of net sales 41% 42% (1pp) 45% 42% 3pp Operating earnings before other expenses, net 1,457 1,094 33% 832 501 66% as % of net sales 12% 9% 3pp 14% 8% 5pp Controlling Interest Net Income (Loss) 802 (585) N/A 634 (654) N/A Operating EBITDA 2,372 2,010 18% 1,276 989 29% as % of net sales 19% 17% 2pp 21% 17% 4pp Free cash flow after maintenance capital expenditures 1,687 1,639 3% 839 782 7% Free cash flow 1,288 1,455 (11%) 505 712 (29%) 1 14,775 12,836 15% 14,775 12,836 15% Net debt 1 19,050 15,300 25% 19,050 15,300 25% Total debt 2 0.15 (0.11) N/A 0.12 (0.13) N/A Earnings per share In millions of Philippine Pesos, except percentages and earnings per share 1 U.S. dollar debt converted using end-of-period exchange rate. See Debt Information on page 4 and Exchange Rates on page 7 for more detail. 2 In Philippine Pesos Net sales increased by 2% year-over-year during the quarter due to higher prices, a result of price adjustments implemented during 2018. Cost of sales was at 55% of sales during the quarter versus 58% in the same period of 2018. The decline was due to timing differences in the charging of APO Cement Plant’s scheduled kiln maintenance expenses. Operating expenses, as a percentage of sales, during the quarter decreased by 2 pp compared to the same period in 2018. Distribution expenses, as a percentage of sales, decreased by 3 pp year-over-year during the quarter, 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, increased by 1 pp year-over-year during the quarter, but stayed flat during the first six months of the year. Operating EBITDA during the quarter increased by 29% year-over-year. Operating EBITDA margin during the quarter was at 21%. Controlling interest net income for the quarter was at PHP 634 million, benefitting mainly from foreign-exchange gains, and lower income tax expenses. Total debt at the end of June 2019 stood at PHP 19,050 million, of which PHP 13,196 million pertained to long-term debt owed to BDO Unibank, Inc. 2019 Second Quarter Results Page 2

Operating Results Domestic Gray Cement January—June Second Quarter Second Quarter 2019 2019 vs. 2018 2019 vs. 2018 vs. First Quarter 2019 Volume (2%) (2%) (3%) Price in PHP 6% 5% 1% Our domestic cement volumes decreased by 2% year-over-year during the quarter, reflecting a slowdown in construction activity related to the delayed approval of the national budget and mid-term elections held in May. Sales were also affected by Holy Week and election holidays. Adjusting for holidays, average daily sales volumes increased by 3% year-over-year during the quarter. Demand was mainly supported by growth in the non-residential sector driven by continued activity from business-process-outsourcing firms and offshore-gaming operations. Our domestic cement prices were 5% higher year-over-year during the quarter, a result of price adjustments implemented in 2018. Sequentially, domestic cement prices were 1% higher, reflecting changes in regional and product mix. 2019 Second Quarter Results Page 3

Operating EBITDA, Free Cash Flow and Debt Information Operating EBITDA and Free Cash Flow January—June Second Quarter 2019 2018 % var 2019 2018 % var Operating earnings before other expenses, net 1,457 1,094 33% 832 501 66% + Depreciation and operating amortization 915 917 443 488 Operating EBITDA 2,372 2,010 18% 1,276 989 29% - Net financial expenses 715 527 360 278 - Maintenance capital expenditures 358 362 268 283 - Change in working capital (558) (747) (274) (481) - Income taxes paid 180 243 88 139 - Other cash items (net) (10) (14) (4) (12) Free cash flow after maintenance capital expenditures 1,687 1,639 3% 839 782 7% - Strategic capital expenditures 399 184 334 70 Free cash flow 1,288 1,455 (11%) 505 712 (29%) In millions of Philippine Pesos Debt Information Second Quarter First Quarter Second Quarter 2019 2018 % var 2019 2019 2018 1 19,050 15,300 25% 19,038 Currency denomination Total debt Short term 6% 3% 6% U.S. dollar 25% 3% Long term 94% 97% 94% Philippine peso 75% 97% Cash and cash equivalents 4,275 2,464 73% 3,885 Interest rate Net debt 14,775 12,836 15% 15,153 Fixed 34% 43% Variable 66% 57% In millions of Philippine Pesos, except percentages 1 U.S. dollar debt converted using end-of-period exchange rate. See Exchange Rates on page 7 for more detail. 2019 Second Quarter Results Page 4

Financial Results Income Statement & Balance Sheet Information CEMEX Holdings Philippines, Inc. (Thousands of Philippine Pesos in nominal terms, except per share amounts) January—June Second Quarter INCOME STATEMENT 2019 2018 % var 2019 2018 % var Net sales 12,355,927 11,879,333 4% 6,118,500 5,988,074 2% Cost of sales (7,274,695) (6,882,862) (6%) (3,350,450) (3,457,227) 3% Gross profit 5,081,232 4,996,471 2% 2,768,050 2,530,847 9% Selling and Administrative expenses (1,546,207) (1,478,898) (5%) (810,612) (733,917) (10%) Distribution expenses (2,078,096) (2,423,879) 14% (1,125,146) (1,295,773) 13% Operating earnings before other expenses, net 1,456,929 1,093,694 33% 832,292 501,157 66% Other income (expenses), net 10,478 14,321 (27%) 4,086 12,045 (66%) Operating earnings (loss) 1,467,407 1,108,015 32% 836,378 513,202 63% Financial expenses, net (714,803) (527,107) (36%) (359,567) (278,408) (29%) Foreign exchange gain (loss), net 274,401 (474,134) N/A 291,678 (186,694) N/A Net income (loss) before income taxes 1,027,005 106,774 862% 768,489 48,100 1498% Income tax benefit (expenses) (224,694) (691,502) 68% (134,818) (701,762) 81% Consolidated net income (loss) 802,311 (584,728) N/A 633,671 (653,662) N/A Non-controlling interest net income (loss) 12 17 (29%) 6 7 (14%) Controlling Interest net income (loss) 802,323 (584,711) N/A 633,677 (653,655) N/A Operating EBITDA 2,371,702 2,010,354 18% 1,275,767 988,953 29% Earnings per share 0.15 (0.11) N/A 0.12 (0.13) N/A as of June 30 as of December 31 BALANCE SHEET 2019 2018 % Var 2018 % Var Total Assets 59,446,204 54,786,591 9% 58,058,770 2% Cash and Temporary Investments 4,275,083 2,463,598 74% 1,813,665 136% Derivative Asset 10,946 0 12,875 (15%) Trade Accounts Receivables 1,080,257 910,784 19% 708,906 52% Other Receivables 85,330 145,669 (41%) 103,396 (17%) Insurance Claims and Premium Receivables 512 0 949,983 (100%) Inventories 3,452,902 2,688,193 28% 3,488,178 (1%) Assets Held for Sale 0 111,348 0 Other Current Assets 1,353,796 1,280,548 6% 1,677,671 (19%) Current Assets 10,258,826 7,600,140 35% 8,754,674 17% Fixed Assets 17,615,197 17,825,413 (1%) 17,768,023 (1%) Investments in an Associate and Other Investments 14,097 16,197 (13%) 14,097 0% Other Assets and Noncurrent Accounts Receivables 985,872 767,264 28% 818,247 20% Advances to Contractors 1,988,045 0 2,069,601 (4%) Deferred Income Taxes—net 724,473 717,883 1% 774,434 (6%) Goodwill 27,859,694 27,859,694 0% 27,859,694 0% Other Assets 31,572,181 29,361,038 8% 31,536,073 0% Total Liabilities 30,188,770 25,748,030 17% 29,332,804 3% Current Liabilities 9,887,544 7,737,439 28% 10,534,046 (6%) Long-Term Liabilities 17,684,969 14,618,237 21% 16,009,642 10% Deferred Tax Liability 13,954 71,185 (80%) 147,387 (91%) Other Liabilities 2,602,303 3,321,169 (22%) 2,641,729 (1%) Consolidated Stockholders’ Equity 29,257,434 29,038,561 1% 28,725,966 2% Non-controlling Interest 181 205 (12%) 193 (6%) Stockholders’ Equity Attributable to Controlling Interest 29,257,253 29,038,356 1% 28,725,773 2% 2019 Second Quarter Results Page 5

Financial Results Income Statement & Balance Sheet Information CEMEX Holdings Philippines, Inc. (Thousands of U.S. Dollars, except per share amounts) January—June Second Quarter INCOME STATEMENT 2019 2018 % var 2019 2018 % var Net sales 237,747 227,606 4% 118,038 113,986 4% Cost of sales (139,976) (131,875) (6%) (64,637) (65,810) 2% Gross profit 97,771 95,731 2% 53,401 48,176 11% Selling and Administrative expenses (29,751) (28,336) (5%) (15,638) (13,972) (12%) Distribution expenses (39,986) (46,441) 14% (21,706) (24,666) 12% Operating earnings before other expenses, net 28,034 20,954 34% 16,057 9,538 68% Other income (expenses), net 202 274 (26%) 79 229 (66%) Operating earnings (loss) 28,236 21,228 33% 16,136 9,767 65% Financial expenses, net (13,754) (10,099) (36%) (6,937) (5,300) (31%) Foreign exchange gain (loss), net 5,280 (9,084) N/A 5,627 (3,554) N/A Net income (loss) before income taxes 19,762 2,045 866% 14,826 913 1524% Income tax benefit (expenses) (4,323) (13,249) 67% (2,601) (13,358) 81% Consolidated net income (loss) 15,439 (11,204) N/A 12,225 (12,445) N/A Non-controlling interest net income (loss) 0 0 0 0 Controlling Interest net income (loss) 15,439 (11,204) N/A 12,225 (12,445) N/A Operating EBITDA 45,635 38,518 18% 24,612 18,825 31% as of June 30 as of December 31 BALANCE SHEET 2019 2018 % Var 2018 % Var Total Assets 1,160,152 1,027,120 13% 1,104,199 5% Cash and Temporary Investments 83,433 46,187 81% 34,493 142% Derivative Asset 214 0 245 (13%) Trade Accounts Receivables 21,082 17,075 23% 13,482 56% Other Receivables 1,665 2,731 (39%) 1,966 (15%) Insurance Claims and Premium Receivables 10 0 18,067 (100%) Inventories 67,387 50,397 34% 66,340 2% Assets Held for Sale 0 2,088 0 Other Current Assets 26,421 24,007 10% 31,907 (17%) Current Assets 200,211 142,485 41% 166,502 20% Fixed Assets 343,778 334,185 3% 337,924 2% Investments in an Associate and Other Investments 275 304 (9%) 268 3% Other Assets and Noncurrent Accounts Receivables 19,240 14,384 34% 15,562 24% Advances to Contractors 38,799 0 39,361 (1%) Deferred Income Taxes—net 14,139 13,459 5% 14,729 (4%) Goodwill 543,710 522,304 4% 529,853 3% Other Assets 616,163 550,451 12% 599,773 3% Total Liabilities 589,164 482,715 22% 557,870 6% Current Liabilities 192,965 145,059 33% 200,343 (4%) Long-Term Liabilities 345,140 274,058 26% 304,482 13% Deferred Tax Liability 272 1,335 (80%) 2,803 (90%) Other Liabilities 50,787 62,264 (18%) 50,242 1% Consolidated Stockholders’ Equity 570,988 544,405 5% 546,329 5% Non-controlling Interest 4 4 (8%) 4 (4%) Stockholders’ Equity Attributable to Controlling Interest 570,985 544,401 5% 546,325 5% 2019 Second Quarter Results Page 6

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 June 30, 2019 has been converted at the end of period exchange rate of 51.24 Philippine pesos per US dollar while the consolidated income statement for the six-month period ended June 30, 2019 has been converted at the January to June 2019 average exchange rate of 51.97 Philippine pesos per US dollar. On the other hand, the consolidated income statement for the three-month period ended June 30, 2019 has been converted at the April to June, 2019 average exchange rate of 51.84 Philippine pesos per US dollar. Definition of terms PHP refers to Philippine Pesos. pp equals percentage points. Prices all references to pricing initiatives, price increases or decreases, refer to our prices for our products. Operating EBITDA equals operating earnings before other expenses, net, plus depreciation and operating amortization. Free cash flow equals operating EBITDA minus net interest expense, maintenance and strategic capital expenditures, change in working capital, taxes paid, and other cash items (net other expenses less proceeds from the disposal of obsolete and/or substantially depleted operating fixed assets that are no longer in operation). Maintenance capital expenditures investments incurred for the purpose of ensuring the company’s operational continuity. These include capital expenditures on projects required to replace obsolete assets or maintain current operational levels, and mandatory capital expenditures, which are projects required to comply with governmental regulations or company policies. Strategic capital expenditures investments incurred with the purpose of increasing the company’s profitability. These include capital expenditures on projects designed to increase profitability by expanding capacity, and margin improvement capital expenditures, which are projects designed to increase profitability by reducing costs. Change in Working capital in the Free cash flow statements only include trade receivables, trade payables, receivables and payables from and to related parties, other current receivables, inventories, other current assets, and other accounts payable and accrued expense. Net debt equals total debt minus cash and cash equivalents. Exchange Rates January—June Second Quarter January—June 2019 2018 2019 2018 2019 2018 average average average average End of period End of period Philippine peso 51.97 52.19 51.84 52.53 51.24 53.34 Amounts provided in units of local currency per US dollar 2019 Second Quarter Results Page 7

EX-99.3

Exhibit 3

2Q 2019 RESULTS July 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

2019 Updates ✓ Major works for Solid Cement new Various civil works already being line expansion to start in 2019 undertaken by main project contractor ✓ Implement new supply chain Achieved 4 pp reduction year-over-year initiatives to lower distribution cost as in the first six months of the year 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 half compared to full year 2018 Full shift to new lower-grade coal mix ✓ Shift in coal mix for greater cost in the second half. Utilized remaining efficiency hedged coal inventory during 2Q19. 3

Domestic Cement Volumes and Prices 6M19 vs. 2Q19 vs. 2Q19 vs. 6M18 2Q18 1Q19 Domestic Volume (2%) (2%) (3%) Cement Price (PHP) 6% 5% 1% Domestic cement volumes decreased by 2% year-over-year during the second quarter. Performance reflects a slowdown in construction activity related to the delayed approval of the national budget and mid-term elections held in May. Sales also affected by Holy Week and election holidays. • Adjusting for holidays, average daily sales volumes increased by 3% year-over-year during the quarter. • Demand mainly supported by growth in the non-residential sector driven by continued activity from business-process-outsourcing firms and offshore-gaming operations. On a year-to-date basis, domestic cement volumes also decreased by 2% compared with the same period last year. Domestic cement prices were 5% higher year-over-year during the second quarter, a result of price adjustments implemented in 2018. Sequentially, domestic cement prices were 1% higher, reflecting changes in regional and product mix. 4

Net Sales Net sales increased year-over-year by 2% during the second Net Sales1 quarter and by 4% during the first six months of the year. +4% +2% 11,879 12,356 5,988 6,119 2Q18 2Q19 6M18 6M19 1 5 Millions of Philippine Pesos

Private Sector Construction employment increased by 5% year-over-year in 2Q19, slower than the 13% growth in 1Q19 but Total Approved Building Permits marking an all-time high at 4.2 million persons. Year-over-year % growth based on floor area1 The residential sector was stable during the quarter, 40 but is expected to grow during the rest of the year given 35 favorable macroeconomic conditions such as easing 30 inflation, lower borrowing rates, and higher remittances. 25 20 The non-residential sector continues to be driven by 15 activity from the outsourcing industry, requirements for 10 11 flexible office spaces, and operations by offshore 5 gaming firms. 0 -5 More activity is expected in the second half of the year -10 as the government rolls out infrastructure projects that -15 target to improve linkages creating an attractive -20 environment for private investment. -251Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 1 6 Source: Philippine Statistics Authority

Public Sector Disbursements on Infrastructure and Capital Outlays (in PHP billion)1 Disbursements on Infrastructure and Capital Outlays slowed down from February to April and gently picked up in May, growing mid single-digits, to +31% 240 net a year-to-date decrease in infrastructure +53% 220 spending by 5% year-over-year. +49% 200 Disbursements are showing signs of improvement 180 +34% with the government trying to catch up on its 160 spending targets, as moderate spending in the first few months of the year was a result of delays in the 140 budget approval and temporary ban in construction 120 activity related to the mid-term elections held in May. 100 Public spending is expected to stabilize in the second 80 +57% -6% +6% half of the year as the government takes actions to 60 -0.4% expedite the execution of projects related to the 40 -57% “Build, Build, Build” program, including the implementation of a 24/7 work schedule and 20 1Q18 2Q18 3Q18 4Q18 Jan Feb Mar Apr May accelerating administrative processes. 19 19 19 19 19 % Refers to year-over-year growth 1 7 Source: Department of Budget and Management

Cost of Sales Cost of sales during 6M19 increased by 6% Cost of Sales Fuel and Power year-over-year, slightly above the growth in (% of net sales) (% of cost of sales) sales during the first half. As a percentage of sales, cost of sales was at 59%. Fuel On a unitary basis, fuel costs and power costs grew mid-single-digits as the use of Power remaining carry-over hedged coal inventory and more competitive contracted power rates helped mitigate cost increases. 25% 26% Cost of sales, as a percentage of sales, was 58% 55% 58% 59% 21% 19% 3 pp lower year-over-year in 2Q19 due to timing differences in the charging of APO Cement Plant’s scheduled kiln maintenance 24% 20% 23% 19% expenses. 2Q18 2Q19 6M18 6M19 2Q18 2Q19 6M18 6M19 8

Operating Expenses Distribution Selling and Administrative Distribution expenses, as a percentage of (% of net sales) (% of net sales) sales, decreased by 4* pp year-over-year for the first six months of the year mainly due to higher sales from cement imports, and supply-chain-optimization initiatives. Selling and administrative expenses, as a percentage of sales, were flat* year-over-year for the first six months of the year. 22% 18% 20% 17% 13% 12% 12% 13% 2Q18 2Q19 6M18 6M19 2Q18 2Q19 6M18 6M19 * 9 Difference due to rounding

Operating EBITDA and Operating EBITDA Margin Operating EBITDA Variation1 21% Second quarter operating EBITDA increased by 29% year-over-year with 17% an operating EBITDA margin of 21%. Year-to-date, operating EBITDA increased by 18% year-over-year with an operating EBITDA margin of 19%. 19% 17% % Refers to operating EBITDA margin 1 10 Millions of Philippine Pesos

Net Income Net income for first six months of the year benefited mainly from foreign Net Income1 exchange gains and lower income tax expenses. Higher financial expenses due to increases in benchmark rates and debt level. Foreign exchange gains were realized due to the appreciation of the Philippine Peso2 during the first six months of the year. 802 634 Second Quarter January—June (In Millions of Philippine Pesos) 2019 2018 % var 2019 2018 % var Operating earnings 836 513 63% 1,467 1,108 32% Financial expenses, net (360) (278) (29%) (715) (527) (36%) 585 Foreign exchange gain (loss), net 292 (187) N/A 274 (474) N/A—654 - Net income (loss) before income taxes 768 48 1498% 1,027 107 862% Income tax benefit (expenses) (135) (702) 81% (225) (692) 68% Consolidated net income (loss) 634 (654) N/A 802 (585) N/A 2Q18 2Q19 6M18 6M19 1 Millions of Philippine Pesos 11 2 PHP/US$ 51.97 in 6M19 vs PHP/US$ 52.19 in 6M18

2Q 2019 FREE CASH FLOW & GUIDANCE

Free Cash Flow January—June Second Quarter Free cash flow during the first six 2019 2018 % var 2019 2018 % var months reached PHP 1.7 billion after Operating EBITDA 2,372 2,010 18% 1,276 989 29% maintenance CAPEX and PHP 1.3 —Net Financial Expenses 715 527 360 278 billion after strategic CAPEX. —Maintenance Capex 358 362 268 283 —Change in Working Capital (558) (747) (274) (481) —Income Taxes Paid 180 243 88 139 —Other Cash Items (net) (10) (14) (4) (12) Free Cash Flow after 1,687 1,639 3% 839 782 7% Maintenance Capex —Strategic Capex 399 184 334 70 Free Cash Flow 1,288 1,455 (11%) 505 712 (29%) Millions of Philippine Pesos 13

Solid Plant Capacity Expansion Various civil works already being undertaken by main project contractor, CBMI Construction Co., Ltd of China, including site preparation, main platform cutting & levelling, excavations, and construction of ancillary services. Preparatory activities underway, in connection with the construction of a new power line to support existing power infrastructure servicing Solid Plant. New line expected to start operations in the second quarter of 2021. 14

2019 Guidance Cement volumes 3-5% PHP 975 million Maintenance CAPEX Capital expenditures PHP 6,000 million Solid Cement Plant Expansion CAPEX PHP 6,975 million Total CAPEX    15

Update regarding increase in Authorized Capital Stock • CHP’s management continues to believe that an equity capital increase of up to US$ 250 million is the best option for CHP to improve its capital structure, provide balance sheet flexibility, and fund the ongoing Solid Cement Plant expansion. CHP continues to undertake activities with the objective of completing this capital increase. • CHP also highlights that any transaction would be fair, transparent and equitable to all shareholders. • All relevant approvals will be sought and appropriate disclosures would be made to the Securities and Exchange Commission, Philippine Stock Exchange and the public in accordance with regulatory requirements.    16

Q&A SESSION 2Q 2019 RESULTS

2Q 2019 APPENDIX

Debt-related Information In the second quarter of 2019, CHP reached an agreement with BDO Unibank, Inc. (“BDO”) to amend the BDO Facility Agreement dated February 1, 2017, as from time to time amended and/or supplemented (the “Facility Agreement”), mainly to: (i) conform the Facility Agreement with certain changes required due to PFRS16 entering into effect, (ii) exclude from certain financial covenants in the Facility Agreement any principal and interest from certain subordinated loans and advances incurred in relation with the new cement line being built by Solid Cement Corp. that have been made or are to be made to CHP and its subsidiaries by any subsidiary of CEMEX, S.A.B. de C.V. (“CEMEX”), and (iii) allow for certain loans taken by CHP and its subsidiaries with any CEMEX subsidiary to be paid with proceeds from any equity fundraising activity of CHP without having to pay a prepayment fee to BDO under the Facility Agreement. The amendment agreement does not increase the debt level, maturity date or interest cost under the Facility Agreement. 19

Debt Information Maturity Profile1 Related Party Loans2 6,406 6,380 BDO Debt 4,839 Total Debt: PHP 19,049 Avg. life of debt: 3.9 years 4,779 Net Debt to EBITDA3: 4.0x 1,144 1,074 1,601 70 140 140 2019 2020 2021 2022 2023 2024 1 Millions of Philippine Pesos 2 Pertains to loans with CEMEX Asia B.V. 3 Last 12 months Consolidated EBITDA    20

Definitions 6M19 / 6M18 Results for the first six months of the years 2019 and 2018, respectively 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. 21

Contact Information Investor Relations Stock Information In the Philippines PSE: +632 849 3600 CHP chp.ir@cemex.com    22