Holcim (HOLN) AGM 2026 summary

Opening remarks and agenda

• Warm welcome extended to shareholders, board members, auditors, and special guests, with organizational and safety instructions provided for the meeting.

• Introduction of board and executive committee members, outlining their roles in the meeting and reporting.

• Explanation of translation services, speaker registration, and emergency procedures to ensure smooth proceedings.

Financial performance review

• Achieved recurring EBIT growth of 10.3% in local currency, surpassing guidance, with margin up 80 basis points to 18.3%.

• Free cash flow reached CHF 2.2 billion, with a record cash conversion rate of 54%.

• EPS grew by 5% in Swiss francs, and net debt leverage closed at 0.9x, providing financial flexibility.

• Return on invested capital increased to 11.2% in 2025.

• Share price was the best performer in the SMI for 2025.

Board and executive committee updates

• Two new board members, Adolfo Orive and Sven Schneider, were welcomed, maintaining a 10-member independent board.

• All board members stood for and were re-elected for another term.

• Executive Committee expanded from 9 to 13 members, with remuneration adjusted accordingly.