Presented at the XXIV Nordic Concrete Research Symposium in Stockholm, August 17-19, 2022.

1. HeidelbergCement paves the way
towards carbon neutrality
Karin Comstedt Webb
SVP and Head of ESG HeidlebergCement Northern Europe
17 August 2022

2. Slite CCS | 2022
2
The building materials industry is changing in a disruptive and uncertain world
C E M E N T , C O N C R E T E A N D C O 2
Technology
New business models:
 Digitalisation & Automation
 Innovative and sustainable
building materials
 Technologies for CO2 reduction
Market dynamics
 Population growth
and urbanisation in emerging
markets
 Infrastructure incentives in
mature markets, e.g. USA, EU
Green Deal
Society
 Solutions for sustainable
construction
 Circular economy models
 Regulation through CO2 taxes /
emission caps
2
Global megatrends that will shape the building materials industry over the new years

3. 2022 Capital Markets Day – Sustainability: Strategy
3
W E D R I V E S U S T A I N A B I L I T Y T O T H E N E X T L E V E L
Now it is time to take off: We sharply accelerate decarbonisation
3
Levers to reach our 2030 targets
45%Alternative fuels rate
20%Biomass fuels rate
Process
Clinker incorporation
<68%
and drive circularity
Products
10 mt CO2
captured (cumulative)
CCUS
750
576 565
400
400
300
500
800
700
600
0
1990 2020 2021 2030
-47% CO2
kg CO2/t
CEM
Optimise
products Optimise
process
CCUS

4. HeidelbergCement | Winston Beck | May 2022
4
Lixhe – Belgium
Capacity: 12 kt CO2 p.a.
Capacity: 50 t CO2 p.a.
Brevik – Norway
Capacity: 400 kt CO2 p.a.
Slite – Sweden
Capacity: 1.8 mt CO2 p.a.
Padeswood – UK
Capacity: 800 kt CO2 p.a.
Edmonton – Alberta
Capacity: 800 kt CO2 p.a.
Devnya – Bulgaria
Capacity: 800 kt CO2 p.a.
LEILAC 1: finalised
LEILAC 2: engineering Oxyfuel demo – Germany
Two large
scale CCS
projects in
Eastern Europe
Carbobrick
Driving CCUS with extensive and most advanced project portfolio in the sector
W E D R I V E D E E P D E C A R B O N I S A T I O N
Our mature CCUS projects
CCUS
2026
CCS
2028
CC
2024
CC
2024
CCS
2024
CCS
2030
CCUS
2028
CCS
~2030
CCU
2026
CCU
2019

5. HeidelbergCement | Winston Beck | May 2022
5
 Full-scale CCS-plant with a capturing capacity of
400,000 tonnes CO2 per year = half of the
emissions from the cement plant.
 Transport and storage solutions through Northern
Lights (Equinor among other partners).
 2013: Start of project and test facility.
 2020: Norwegian government decided in
December to support the building of a plant in
Brevik, as part of their initiative Longship.
 2021: Construction start full scale plant, January.
 2024: Commissioning of full-scale CCS.
Norcem Brevik: the first CCS-
project in the global cement
industry

6. HeidelbergCement | Winston Beck | May 2022
6
 Full-scale capture at Norcem Brevik
 Conditional support to FOV
 Northern Lights responsible for:
‒ Transport
‒ Intermediate storage at Øygarden outside Bergen
 Total cost 2,5 B€ incl 10 year of operation
 Government’s part: 1,7 B€
«Langskip» - the largest climate project in Norwegian industry
«Langskip» launched 21 Sept. 2020
 Approval in Parliament 14 Dec. 2020
 Started 4 January 2021

7. HeidelbergCement | Winston Beck | May 2022
7
Longship today
 Capture of 400 kt/y Norcem
and Fortum Oslo Varme each
 Amine technology
 Includes CO2 cleaning,
liquefaction and buffer storage
(4 days)
Norcem AS, Brevik
Cement plant
Fortum Oslo Varme AS
Waste-to-energy plant
 Onshore terminal with buffer
storage, pump and heater
 110 km pipeline, 12 inches
 One injection well
Equinor, Total and Shell (“Northern Lights”)
Responsible for CO2 transport and storage
 Transport by 1 or 2 ships
 700 km distance
 Liquefied state (15 barg, -26°C)
Onshore terminal in
Øygarden, Hordaland

8. HeidelbergCement | Winston Beck | May 2022
8
Capturing 400.000 ton CO2 per year
 55 tons CO2 per hour
 50% capture rate
CO2 capture Brevik
Simultaneously building a new factory whilst maintaining full operational capacity in the current plant

9. HeidelbergCement | Winston Beck | May 2022
9
T H E D E V E L O P M E N T O F B R E V I K C C S
We have started the journey towards 2024
Estimated view July 2024
2024
Demolition phase
Started
2021
Building phase Testing phase
Current status

10.  Scaling up CCS - secured supply of climate-
positive cement for Sweden's construction in 2030.

11. Slite CCS | 2022
11
2022 2030
Annual production of
cement at the Slite plant
Annual CO2-emissions from
the Slite plant
The plant's share of Swedish
cement supply
Reaching climate-positive concrete 2030
Cement production CO2-emissions Cement supply
2022 2030
2022 2030
>2 Mt >2 Mt ~1.4
Mt
~0.2 Mt
~3/4 ~3/4
2030
A steadily increasing share of
bioenergy offers increased
potential for a carbon sink.
Slite plant crucial for Sweden's
self sufficiency in cement -
today and in the long term.

12. Slite CCS | 2022
12
C L I M A T E - P O S I T I V E C O N C R E T E C O N S T R U C T I O N 2 0 3 0
Project plan for industrial transition in Slite
Pre-feasibility
study
Feasibility study Engineering Construction
Climate-positive
cement production
in Sweden
Project dev.
Permitting
 Application
environmental
permit plant and
CCS.
 Granted 4-year
quarry permit to be
issued in 2022.
 Process for a longer
quarry permit
begins.
 Environmental
permit plant and
CCS are granted.
 Longer quarry
permit granted
Power supply
 Accelerated
processes for
power grid
investments.
 Commissioning of
upgraded
electricity grid.
 Decision on the
Gotland connection,
and electricity grid
update on Gotland.
2022-2023 2024-2026/27
 Ready 2027/28-2030 2030
Investment
decision

13. Slite CCS | 2022
13
Evaluation and identification of technical solutions
Pre-treatment of flue gases.
Electricity-based steam production.
Carbon capture.
Liquid CO2 intermediate storage.
Liquefaction of captured CO2.
Unloading, port logistics, and offshore options.
Proposed layout for the facilities.
+ Integration
with existing
plant and
production.
F O C U S P R E - F E A S I B I L I T Y S T U D Y

14. Slite CCS | 2022
14
‒ Amine-based capture technology the best option for Slite.
‒ Solutions with significant innovative elements:
 Example: heat recovery and cooling of excess heat.
 Most importantly, the large-scale system integration is
unique.
‒ Increased power demand (electricity) by 200 MW  tot. 250
MW.
‒ Investment in the range of 10 billion SEK.
Knowledge build-up:
- Learnings from Brevik are applied in the Slite project.
- The Slite project is of great importance for further
global deployment of CCS solutions.
Results from the pre-feasibility study

15. Slite CCS | 2022
15
Tillkommande infrastruktur
Lagerhallar
Bild under
utveckling inom
kort
Early modelling of additional buildings.

16. Slite CCS | 2022
16
BREVIK
SLITE
CO2-STORAGE
A Nordic value chain
under development

17. Slite CCS | 2022
17
 Reduce
energy/electricity
demand by optimizing
energy recovery.
 Innovative technologies
to cool down excess
heat - alternatives to
seawater cooling
 Optimize location of
facilities on the site.
 Integration with existing
equipment.
 Port: increased need for
capacity and possibly
also depth, to allow for
larger vessels.
 Evaluate off-shore
loading.
 Minimise local
environmental impact.
 Sea-based facilities.
 CO2 storage.
Focus: Feasibility study 2022-2023
Energy Facilities Transport Permits & agreements
 Long-term financing strategy for the implementation of the project.
 Feasibility study (124 MSEK) is partly financed (51 MSEK) by the Swedish Energy Agency/Industriklivet.
Financing

18. Delivering climate-positive cement by 2030