Exhibit c(ii)

A P R I L    3 ,    2 0 0 6

S T R I C T L Y    P R I V A T E    A N D    C O N F I D E N T I A L

  D I S C U S S I O N   M A T E R I A L S

D I S C U S S I O N     M A T E R I A L S

This presentation was prepared exclusively for the benefit and internal use of the JPMorgan and BNP Paribas (together the “Financial Advisers”) client to whom it is directly addressed and delivered (including such client’s subsidiaries, the “Company”) in order to assist the Company in evaluating, on a preliminary basis, the feasibility of a possible transaction or transactions and does not carry any right of publication or disclosure, in whole or in part, to any other party. This presentation is for discussion purposes only and is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the Financial Advisers. Neither this presentation nor any of its contents may be disclosed or used for any other purpose without the prior written consent of the Financial Advisers.

The information in this presentation is based upon any management forecasts supplied to us and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. The Financial Advisers’ opinions and estimates constitute the Financial Advisers’ judgment and should be regarded as indicative, preliminary and for illustrative purposes only. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Company or which was otherwise reviewed by us. In addition, our analyses are not and do not purport to be appraisals of the assets, stock, or business of the Company or any other entity. The Financial Advisers make no representations as to the actual value which may be received in connection with a transaction nor the legal, tax or accounting effects of consummating a transaction. Unless expressly contemplated hereby, the information in this presentation does not take into account the effects of a possible transaction or transactions involving an actual or potential change of control, which may have significant valuation and other effects.

Notwithstanding anything herein to the contrary, the Company and each of its employees, representatives or other agents may disclose to any and all persons, without limitation of any kind, the U.S. federal and state income tax treatment and the U.S. federal and state income tax structure of the transactions contemplated hereby and all materials of any kind (including opinions or other tax analyses) that are provided to the Company relating to such tax treatment and tax structure insofar as such treatment and/or structure relates to a U.S. federal or state income tax strategy provided to the Company by the Financial Advisers.

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JPMorgan is a marketing name for investment banking businesses of JPMorgan Chase & Co. and its subsidiaries worldwide. Securities, syndicated loan arranging, financial advisory and other investment banking activities are performed by a combination of J.P. Morgan Securities Inc., J.P. Morgan plc, J.P. Morgan Securities Ltd. and the appropriately licensed subsidiaries of JPMorgan Chase & Co. in Asia-Pacific, and lending, derivatives and other commercial banking activities are performed by JPMorgan Chase Bank, N.A. JPMorgan deal team members may be employees of any of the foregoing entities.

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D I S C U S S I O N     M A T E R I A L S

Tango trading summary post-announcement of the Offer

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D I S C U S S I O N     M A T E R I A L S

Merrill Lynch provided JPMorgan with a revised
“2006 Outlook” for Tango on March 9, 2006

Comparison of 2005 actual vs. 2006 Budget vs. 2006 Outlook — as provided by Merrill Lynch

			2006 Budget					2006 Outlook
			Presented to Tango Board					Presented to Tango Special Committee
			on Jan 31, 2006					on March 1, 2006
	2005 Actual
	($mm)		($mm)		% vs. 2005			($mm)		% vs. 2005			% vs. budget
Sales		$4,309.6		$4,636.4		7.6	%		$4,744.7		10.1	%		2.3	%
EBIT		$565.2		$600.8		6.3	%		$662.6		17.2	%		10.3	%

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D I S C U S S I O N     M A T E R I A L S

Analysis of Tango trading since February 6, 2006

Analysis of shares traded since Feb 6 (% of total volume)

Price range
< $81.00
$81.00—$81.49
$81.50—$81.99
$82.00—$82.49
$82.50—$82.99
$83.00—$83.49
$83.50—$83.99
$84.00—$84.49
$84.50—$84.99
> $85.00

Total volume traded since Feb 6:	32.8mm
% of free float traded since Feb 6 2:	92.8%

Source: Bloomberg intra-day data
¹ Free float = 35.3 million shares

Tango volume-weighted average price (VWAP)

					% Total
			Volume		Volume
Date range	VWAP		Traded		traded
Feb 6, 2006		$81.40		10,559,000		32.2%
(day of announcement)
8 days		$81.92		11,501,900		35.1%
(2/7/06—2/16/06)
10 days		482.76		3,729,500		11.4%
(2/17/06—3/3/06)
10 days		$83.10		4,679,500		14.3%
(3/6/06—3/17/06)
10 days		$83.77		2,293,800		7.0%
(3/20/06—3/31/06)
Total period post-ann.		$82.15		32,763,700		100.0%
(Feb-6, 06—Mar-31, 06)

Source: Tradeline

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D I S C U S S I O N     M A T E R I A L S

Public market valuations of building materials companies

Building materials market valuations

	Price		% of 52-			Market			Firm			Historical metrics (Feb 3, 06 3)						Current metrics (Mar-31, 06)
	(local		week			cap.			Value			FV/EBITDA 1				P/E 2		FV/EBITDA 1				P/E 2
Market data as of Mar-31	currency)		high			US$mm			US$mm			2005A		2006E		2006E		2005A		2006E		2006E
U.S. companies
Vulcan Materials	$	86.65		97.2	%	$	9,032		$	9,177			11.4x		9.1x		17.9x		13.2x		9.9x		19.3x
Martin Marietta		107.03		99.3	%		5,129			5,738			11.2		9.1		17.5		13.3		10.4		20.0
Florida Rock		56.22		82.7	%		3,830			3,775			11.2		9.4		17.8		11.6		9.7		18.4
Eagle Materials		63.76		99.6	%		3,235			3,375			12.1		9.3		14.6		13.7		9.8		17.4
Texas Industries		60.49		86.4	%		1,443			1,737			12.1		9.9		18.4		13.4		11.0		21.1
Median													11.4x		9.3x		17.8x		13.3x		9.9x		19.3x
Average													11.6x		9.4x		17.2x		13.0x		10.2x		19.2x
Non-U.S. companies
Cemex	$	65.28		99.4	%	$	22,936		$	32,129			8.8x		7.7x		10.8x		9.0x		7.8x		12.3x
CRH	€	28.80		98.1	%		18,876			23,324			9.2		8.6		13.0		9.7		8.5		13.6
Holcim	SFr. 103.80			100.0	%		18,405			30,941			8.4		7.2		11.4		8.5		7.0		12.3
Heidelberg Cement	€	94.20		100.0	%		13,256			18,089			9.7		8.7		14.7		10.4		9.3		16.8
Rinker	AUD 19.85			100.0	%		12,969			13,191			10.2		8.7		15.7		11.4		9.4		16.7
Hanson	£	7.54		96.1	%		9,470			11,203			8.5		8.0		13.2		9.4		8.8		13.8
Ciments Francais	€	129.30		98.8	%		6,116			8,812			7.5		6.6		12.5		7.9		7.0		14.0
Italcementi	€	19.77		99.1	%		6,018			10,331			6.8		5.5		10.6		7.6		6.2		13.1
Cimpor	€	5.51		99.6	%		4,505			6,233			10.0		9.1		12.8		10.7		9.8		14.1
Buzzi Unicem	€	19.67		100.0	%		4,349			6,168			6.0		5.6		10.3		6.9		6.5		12.7
Cementos Portland	€	86.45		98.2	%		2,928			3,061			8.2		8.0		17.8		8.0		7.0		16.4
Cementir	€	5.95		94.4	%		1,152			1,508			6.3		5.5		12.4		6.7		5.8		13.6
Median													8.5x		7.8x		12.7x		8.8x		7.4x		13.7x
Average													8.3x		7.5x		12.9x		8.8x		7.8x		14.1x
Foxtrot	€	93.50		100.0	%	$	19,703		$	31,068			7.4x		6.8x		12.8x		7.7x		6.9x		13.1x
Tango	$	84.00		99.8	%	$	6,766	4	$	6,993	4		6.5x		6.2x		14.0x	Tango multiples non-meaningful

 
 
 
 

Note: Multiples not adjusted for pension/OPEB deficits, projections might not reflect recent improvements in earnings released over the past week. Estimates are used where actual results are not yet available

Source: Tradeline/Datastream as of March 31, 2006, I/B/E/S and equity research. Tango projections based on 2006 budget

1 Calendarized EBITDA	3 Market data as of Feb 3, 2006
2 Pre-goodwill amortization and pre-exceptionals	4 Based on fully diluted NOSH

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D I S C U S S I O N     M A T E R I A L S

Illustrative analysis at various prices

Illustrative analysis at various prices

				As of		Current offer		Illustrative price
($mm except per share)				Feb-3		$75.00		$80.00		$81.00		$82.00		$83.00		$84.00
Implied premia over pre-offer prices
Pre-Announcement:
Feb 3, 2006 close					$64.25		16.7%		24.5%		26.1%		27.6%		29.2%		30.7%
over 1-year high					69.78		7.5%		14.6%		16.1%		17.5%		18.9%		20.4%
over 1-year low					52.47		42.9%		52.5%		54.4%		56.3%		58.2%		60.1%
over 1-year average					60.67		23.6%		31.9%		33.5%		35.2%		36.8%		38.5%
over 6-month average					60.81		23.3%		31.6%		33.2%		34.8%		36.5%		38.1%
over 3-month average					57.27		31.0%		39.7%		41.4%		43.2%		44.9%		46.7%
over last 30 calendar day average					60.83		23.3%		31.5%		33.2%		34.8%		36.4%		38.1%
over 1-week average					63.64		17.9%		25.7%		27.3%		28.8%		30.4%		32.0%
Basic number of shares					75.4		75.4		75.4		75.4		75.4		75.4		75.4
Implied Tango equity value					4,844		5,654		6,031		6,106		6,182		6,257		6,332
Implied fully diluted equity value					5,102		6,008		6,429		6,513		6,598		6,682		6,766
Implied buy-out amount 1					2,526		3,001		3,222		3,266		3,310		3,354		3,398
Implied buy-out amount (€mm)2					2,105		2,501		2,685		2,721		2,758		2,795		2,832
Net debt & minority interest 3					227
Implied firm value					5,329		6,235		6,656		6,741		6,825		6,909		6,993
	Base data ($mm)
FV/EBITDA		2005A	814		6.5x		7.7x		8.2x		8.3x		8.4x		8.5x		8.6x
		2006E	861		6.2x		7.2x		7.7x		7.8x		7.9x		8.0x		8.1x
P/E4		2005A	341		15.0x		17.6x		18.8x		19.1x		19.3x		19.6x		19.8x
		2006E	365		14.0x		16.5x		17.6x		17.9x		18.1x		18.3x		18.6x

Key financials — Tango

$mm	2005A		2006E		2007E
Sales		$4,310		$4,500		$4,800
EBITDA		814		861		940
% margin		18.9%		19.1%		19.6%
Net income4		341		365		408
% margin		7.9%		8.1%		8.5%

Net debt

$mm	Dec-05
Financial debt5		919
- Cash & equivalent		(692)
= Net debt (excl. off B/S liabilities)		227

Number of shares

mm
Common shares	75.4
Options o/s (estimate)	4.5
Warrants (estimate)	4.4
Diluted shares (at $64.25/share)	79.4

Source: Foxtrot guidance

1	46.8% of basic nosh + cash cost for buyback
2	Assumes Euro-to-Dollar exchange rate of 1.200
3	Excluding pensions/OPEB deficits

4	Pre-exceptionals
5	Including redeemable preferred shares

 5