Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q4 2022 Earnings Presentation
22 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2023
Slide 1: 4Q22 Results Conference Call
4Q22-Results Conference Call
Slide 2: Disclaimer and Forward-Looking Statement
Disclaimer and Forward-Looking Statement This presentation may contain forward-looking statements within the meaning of federal securities law that are subject to risks and uncertainties. These statements are only predictions based upon our current expectations and projections about possible or assu
Slide 3: Solid Quarter Leads to Record Year
SOLID QUARTER LEADS TO RECORD YEAR Cement business continues to deliver strong results in the quarter with demand reaching all time highs for the year. As reported results Net revenues reached Ps. 36.8 billion, down 2.0% (US$ 215 million; +15.1%) Adjusted EBITDA up 5.4% to Ps. 13.2 billion (US$ 91 m
Slide 4: ESG - Sustainability Report
ESG - Sustaintability Report 3
Slide 5: Our Commitment to Sustainability
OUR COMMITMENT TO SUSTAINABILITY E S G Direct GHG emissions intensity Women in Concrete Program: First 12 100% of employees trained on the Company's 503.49 kg CO2/tn cement (-2.3% with YoY) women in Argentina trained to operate Integrity Program, reinforcing the commitment concrete mixer trucks. to
Slide 6: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 5
Slide 7: 2022 - The Industry Sets a New Dispatch Record
2022 - THE INDUSTRY SETS A NEW DISPATCH RECORD GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 10.4 8.9 24 ISAC 5.3 6.0 6.9 5.9 20 Cement Industry 0.5 1.4 16 14 12 7 8 9 10 7 9 7 9 9 5 5 -2.6 -2.1 2 0 -1 -1 -2 -9.9 -5 -11 -9 4 2022e 2023e 2024e 4Q2
Slide 8: Cement Volumes Setting New Record for FY22; Revenue Down 2% for the Quarter
CEMENT VOLUMES SETTING NEW RECORD FOR THE FY22 REVENUE DOWN 2% FOR THE QUARTER Revenue Performance: Cement, masonry & lime: decreased 4.8% YoY, with volumes almost flat, expanding 0.9% and a softer pricing dynamic Concrete: up 29.4% YoY. Volumes up 17.5% coupled with good pricing performance Railroa
Slide 9: Business Performance
Business Performance LOMA) cme O
Slide 10: Gross Profit Declines, Tighter Margins on 4Q22 and FY22
GROSS PROFIT DECLINES TIGHTER MARGINS ON 4Q22 AND FOR FY22 Consolidated gross profit declines 24.9% YoY, with gross margin contracting 810 bps to 26.5% mainly affected by price dynamics, higher costs related to higher thermal energy inputs, an increase in maintenance costs and a higher inflation sce
Slide 11: Robust Quarter Leads to Record EBITDA Generation for 2022
ROBUST QUARTER LEADS TO RECORD EBITDA GENERATION FOR 2022 Consolidated Adjusted EBITDA of US$ 91 million in 4Q22, up 5.4% when measured in Ps. Operational result boosted by the sale of a non-strategic property for US$ 19 million. For FY22, EBITDA stood at US$ 289 million, down 3.8% when measured in
Slide 12: Bottom line; Financial performance
• Bottom line • Financial performance 11
Slide 13: Net Profit Up 37% in 4Q22
NET PROFIT UP 37% in 4Q22 Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA increased by 5.4% YoY AR$ Million 380 -279 83 Total finance gain of Ps. 380 million in 4Q22 compared to a net cost 4Q21 4Q22 FY21 FY22 of Ps. 279 million in 4Q21 -17,609 Foreign exchange loss of Ps. 3,005 milli
Slide 14: Robust Balance Sheet and Strong Cash Generation
ROBUST BALANCE SHEET AND STRONG CASH GENERATION Cash position and Investments of Ps. 4.9 billion and total debt at Ps. 20.8 billion as of end of 4Q22 Debt Maturity schedule (principal) Net Debt of Ps. 15.9 billion (US$ 90 MM) with a Debt decrease of US$ 44 million in the quarter Ps. USD Net Debt/ LT
Slide 15: 2022 Outlook
2022 Outlook 14
Slide 16: 2023 Outlook
2023 OUTLOOK 2022 cement demand set a new record, with LOMA growing in volumes above the industry and also setting a record of EBITDA generation. For 2023 we foresee growth to continue, although at a smother pace following the trend of the general level of activity. Amid the political and macroecono
Slide 17: Financial Tables
Financial Tables aN ( LOMA ) una empresa (@) InterCement 16
Slide 18: Adjusted EBITDA Reconciliation & Margin
Adjusted EBITDA Reconciliation & Margin Table 4: Adjusted EBITDA Reconciliation & Margin (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Twelve-months ended December 31, December 31, 2022 2021 % Chg. 2022 2021 % Chg. Adjusted EBITDA reconciliation: Net profit (Los
Slide 19: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position (amounts expressed in millions of pesos, unless otherwise noted) As of December 31, SHAREHOLDER'S EQUITY 2022 2021 Capital stock and other capital related accounts 37,941 39,675 Reserves 75,873 88,414 ASSETS Retai
Slide 20: Income Statement
Income Statement Table 9: Condensed Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Twelve-months ended December 31, December 31, 2022 2021 % Change 2022 2021 % Change Net revenue 36,
Slide 21: Statement of Cash Flows
Statement of Cash Flows Table 7: Condensed Interim Consolidated Statement of Cash Flows (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Twelve-months ended Dicember 31, Dicember 31, 2022 2021 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 7,452 5
Slide 22: Thank you!
IR Contact Marcos I. Gradin Chief Financial Officer and Investor Relations Thank you! Diego M. Jalón Head of Investor Relations +54 (11 ) 4319-3050 investorrelations@lomanegra.com
Loma Negra Compañía Industrial Argentina — Q4 2022 Earnings Presentation on 6ix