Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q1 2022 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2022
Slide 1: 1Q22 Results Conference Call
1Q22-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: 2022 has started strongly for LOMA
2022 has started strongly for LOMA Cement business continues to deliver world class margin with demand maintaining a solid momentum As reported results Net revenues -5.5% to Ps. 19.3 billion (US$ 171 million; +20.2%) Adjusted EBITDA -11.2% to Ps. 6.5 billion (US$ 60 million; +13.9%) Net Profit of Ps
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Industry's momentum remains solid
Industry´s momentum remains solid GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 17.9 ISAC 10.3 11.9 70 8.6 35 Cement Industry 2.9 3.2 2.1 2.1 2.9 28 21 23 19 21 19 16 12 10 -2.6 -2.1 7 8 6 8 7 8 2 5 4 2 -9.9 -2 -5 4 2022e 2023e 2024e 1Q21 2Q21 3Q
Slide 6: Growth in Cement volumes, Revenue down 5.5%
Growth in Cement volumes, Revenue down 5.5% Revenue Performance: Cement, masonry & lime: decreased 6.5% YoY, with volumes expanding 6.6% with a softer pricing dynamic Concrete: down 17.5% YoY. Volumes down due to the impact of an extraordinary infrastructure work in 1Q21, partially offset with solid
Slide 7: Business Performance
oS all, Business Performance LOMA oO una empresa
Slide 8: Tighter margins on 1Q22
Tighter margins on 1Q22 Consolidated gross profit declined 13.0% YoY, with gross margin contracting 288 bps to 33.4% mainly impacted by lower top line performance for the 1Q22 and higher depreciations due to the completion of L’Amalí second line Compression in cement margin partially offset by an im
Slide 9: Strong EBITDA generation for the first quarter
Strong EBITDA generation for the fist quarter Consolidated Adjusted EBITDA of US$ 60 million in the 1Q22, down 11% when measured in Ps. Consolidated Adjusted EBITDA Margin reached 33.6%, down 214 bps YoY, expanding 27 bps from 4Q21 Adjusted EBITDA & Margin AR$ Million By segments Adjusted EBITDA 35.
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit down affected by lower operating performance
Net Profit down affected by lower operating performance Net Profit breakdown: Finance Costs, net Adjusted EBITDA decreased by 11.2% YoY AR$ Million Total finance cost of Ps. 25 million in 1Q22 compared to a net gain of Ps.219 million in 1Q21 Foreign exchange loss of Ps. 153 million in 1Q22, compared
Slide 12: Robust balance sheet with positive cash position
Robust balance sheet with positive cash position Cash position and Investments of Ps. 5.1 billion and total debt at Ps. 1.0 billion as of end of 1Q22 Debt Maturity schedule Net Cash position of Ps. 4.1 billion (US$ 37 mm) with Debt reduction of US$15 million in the quarter Ps. USD US$ Million Net De
Slide 13: 2021 Outlook
2021 Outlook o™/\ oe una empresa () InterCement 12
Slide 14: 2022 Outlook
2022 Outlook After the strong volumes in 2021, the first months of 2022 are confirming our view of a sustained growth for the year Amid the outcome of geopolitical disruptions, that affected in particular the energy market, we remain focused on delivering strong results leveraged on our production c
Slide 15: Financial Tables
Financial Tables ( ~~ pty ina empresa (oe) InterCement 14
Slide 16: 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 March 31, 2022 2021 % C hg. Adjusted EBITDA reconciliation: Net profit (Loss) 3,134 3,983 -21.3% (+) Depreciation and amortizat
Slide 17: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position (amounts expressed in millions of pesos, unless otherwise noted) As of March 31, As of December 31, SHAREHOLDER'S EQUITY 2022 2021 C apital stock and other capital related accounts 23,065 23,641 Reserves 52,683 52
Slide 18: Income Statement
Income Statement Table 9: Condensed Interim Consolidated Statements of Profit or Loss and Other (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended March 31, 2022 2021 % C hange Net revenue 19,310 20,436 -5.5% C ost of sales (12,867) (13,029) -1.2% Gross Profit 6,443
Slide 19: 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 March 31, 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 3,134 3,983 Adjustments to reconcile net profit (loss
Slide 20: 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
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