Sales for the full year ended 31 December January 2010 Jean-Pierre Souchet - CFO Stéphane Bisseuil - Investors Relations

2 Disclaimer This presentation may contain forward-looking statements. Such forward- looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its website ( These statements do not reflect the future performance of the Company, which may differ significantly. The Company does not undertake to provide updates of these statements Further information about Vicat is available from its website (

3 Outstanding points Solid full-year performance, supported by the core business line of Cement Continuing strong sales growth in the main emerging markets Significant improvement in the level of operational profitability (EBITDA) expected in the second half of the year relative to the first half of 2009

4 Breakdown of consolidated sales by business Consolidated sales (% at constant scope and exchange rate) Cement: €950 million, up 1.2% Concrete & Aggregates: €696 million, down 19.0% Other Products: €250 million, down 13.2% Contribution by business: 12/31/2008 Contribution by business: 12/31/2009 Cement Concrete & Aggregates Other Products and Services

5 Geographical breakdown of sales France Since the spring, sales have picked up steadily, although still down relative to last year Cement Consolidated sales for the Cement division fell by 12.1%, affected by a decline in volumes, very slightly offset by solid selling prices Volumes trend continued to improve as the year progressed Concrete & Aggregates Consolidated sales fell by 20% This downward trend slowed down considerably over the course of the year (millions of euros)12/31/200912/31/2008 Variation (%) Reported At constant scope Consolidated sales 8441, %

6 Geographical breakdown of sales Europe (ex France) Switzerland: sales improved considerably in the second half of the year, driven by the momentum of the construction sector Cement: sales increased by nearly 9% supported by a favourable trend in selling prices and strong volumes increase during the second half of the year Concrete & Aggregates: consolidated sales rose by 1%, with solid selling prices and regular improvement in volumes Precast: sales were down; gradual rebound during the year Italy: consolidated sales fell by close to 13% Stronger decline in volumes in Q4 related to adverse weather conditions Selling prices fell only slightly thanks to Vicat’s niche market positions (millions of euros)12/31/200912/31/2008 Variation (%) Reported At constant scope and exchange rates Consolidated sales ,3%-0,5%

7 Geographical breakdown of sales United States Sales still severely affected by economic conditions Cement Consolidated sales were down 35% Sharp decline in volumes, particularly in the South East Selling prices fell considerably over the full year Continuing fierce competition in California In the Southeast, the decline was much less severe Concrete Consolidated sales were down 36% (millions of euros)12/31/200912/31/2008 Variation (%) Reported At constant scope and exchange rates Consolidated sales %-35.8%

8 Geographical breakdown of sales Turkey and Kazakhstan Cement Sales fall of 13.4% in 2009, quarterly decreases faded over the course of the year Growth in volumes throughout the second half of the year, up nearly 12% in Q4 Improvement in pricing levels in the Konya region while Ankara region continued to be affected by competitive pressure Concrete Consolidated sales rose by 8.8% Volumes rose by 15% over the full year, with a 35% increase in Q4 Pricing pressure remained strong throughout the year (millions of euros)12/31/200912/31/2008 Variation (%) Reported At constant scope and exchange rates Consolidated sales %-5.4%

9 Geographical breakdown of sales Africa and Middle-East Egypt Consolidated sales were up 66.7% on buoyant market Volumes increased significantly (+47%) over the full year, despite a less favourable comparison base effect in H2 Prices favourably oriented throughout 2009 West Africa Consolidated sales rose by close to 10% In Senegal, sales in the cement activity increased by 13% driven by new construction projects Volumes increased strongly, by 11% Prices rose slowly during 2009 (millions of euros)12/31/200912/31/2008 Variation (%) Reported At constant scope and exchange rates Consolidated sales %+31.1%

10 Quarterly evolution in year-on-year sales variation by region %

11 Elements to appreciate 2009 level of profitability In view of: the strong overall performance of the Cement division; the favourable and gradual effects of recent investments made as part of the Performance 2010 Plan in Switzerland and Senegal; the full effect of the complementary "Performance Plus" cost-cutting plan, for which the target saving of €50 million in consolidated EBITDA over the full year have been very largely achieved; the Group expects a significant improvement in the level of its operational profitability (EBITDA) in the second half of 2009 relative to the first half of the year However, given the impact of the economic crisis, very unfavourable weather conditions at the start of the year, and the effects of stimulus plans that were not felt over the past year, the Group expects full-year margins to be lower than in 2008

outlook Vicat’s vision of its markets evolution for 2010 is given in the press release reporting sales for the full year ended 31 December 2009, which can be consulted on our website at

13 Conclusion Vicat is determined to move forward cautiously with its growth strategy, capitalising on: Its solid financial structure; The effects of the "Performance 2010" investment plan, relating in particular to the reduction in production costs as a result of the modernisation of production facilities and the strengthening of the Group's industrial and commercial position; Following on from the "Performance 2010" plan, the effects of the complementary "Performance Plus" plan; And the success of its expansion in Kazakhstan and India, where projects are proceeding on schedule