Cemex 1999 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 1999 Cemex annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 75

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75

136%
RETURN
Past performance does not guarantee future results.
* Includes reinvestment of dividends.
CAGR is compound annual growth rate.
the result
Value of US$1,000 invested in CEMEX shares*
29
focused strategy
CEMEX’s strategy is to:
•Leverage its core cement and ready-mix concrete
franchise
• Concentrate on developing markets
•Maintain high growth by applying free cash flow
toward selective investments that further its
geographic diversification
simple investment
criteria
Any acquisition must satisfy three investment criteria.
It must:
•Benefit from CEMEX’s management expertise and
turnaround experience
• Not adversely affect CEMEX’s current financial
structure and ability to meet stated financial targets
•Offer superior long-term financial returns that exceed
the company’s weighted-average cost of capital