Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q3 2022 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2022
Slide 1: 3Q22 Results Conference Call
3Q22-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 while construction remains strong
Solid quarter while construction remains strong Cement business achieving record quarter level in terms of volume and EBITDA generation in US$ on the back of solid demand momentum As reported results Net revenues increased 4.2% to Ps. 33.9 billion (US$ 236 million; +33.7%) Adjusted EBITDA down 12.7%
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Industry on track for its strongest year
Industry on track for its strongest year GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 10.4 11.8 8.9 ISAC 24 6.0 6.9 4.1 Cement Industry 20 1.0 2.0 16 14 12 8 6 8 7 8 9 10 7 9 7 9 -2.6 -2.1 5 4 5 2 2 -9.9 -2 -1 -5 4 4 2018 2019 2020 2021 2022e 20
Slide 6: Cement volumes setting new record, revenue up 4%
Cement volumes setting new record Revenue up 4% Revenue Performance: Cement, masonry & lime: increased 4.8% YoY, with volumes expanding 12.9% with a softer pricing dynamic Concrete: up 40.7% YoY. Volumes up 35.6% coupled with good pricing performance Railroad: decreased by 7.0% YoY. Volumes expandin
Slide 7: Business Performance
_ LOMA NEGRA Business Performance
Slide 8: Gross profit declines, margin tightens in 3Q
Gross profit declines Margin tightens in 3Q Consolidated gross profit declines 13.9% YoY, with gross margin contracting 448 bps to 21.3% mainly affected by price dynamics, higher costs related to the winter period that mainly impact energy inputs, the high inflation scenario and higher depreciation
Slide 9: EBITDA generation remains strong
EBITDA generation remains strong Record quarter reaching US$ 68 million Consolidated Adjusted EBITDA of US$ 68 million in the 3Q22, down 12.7% when measured in Ps. Consolidated Adjusted EBITDA Margin reached 22.1%, down 426 bps YoY, mainly due to cement margin contraction Adjusted EBITDA & Margin AR
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit affected by extraordinary financial cost
Net Profit affected by extraordinary financial cost Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 12.7% YoY AR$ Million 3Q21 3Q22 Total finance cost of Ps. 15,276 million in 3Q22 compared to a net -589 cost of Ps. 589 million in 3Q21 -15,276 Foreign exchange loss of Ps
Slide 12: Mild leverage increase maintaining a robust balance sheet
Mild leverage increase maintaining a robust balance sheet Strong dividend distribution Cash position and Investments of Ps. 3.5 billion and total debt at Ps. 23.2 billion as of end of 3Q22 Debt Maturity schedule Net Debt of Ps. 19.7 billion (US$ 134 MM) with a Debt increased of US$ 48 million in the
Slide 13: 2022 Outlook
2022 Outlook za ra una empress €) InterCement 12
Slide 14: 2022 Outlook
2022 Outlook The robustness shown by the cement demand in the first ten month of the year is leading the industry to the best year in our history, and LOMA, given the recent investments in capacity, is supporting this momentum consolidating our leadership. Even though we face challenging times y ter
Slide 15: Financial Tables
14 Financial Tables (ex) LOMA NEGRA a empresa
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 Nine-months ended September 30, September 30, 2022 2021 % Chg. 2022 2021 % Chg. Adjusted EBITDA reconciliation: Net profit (Los
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 September 30, As of December 31, SHAREHOLDER'S EQUITY 2022 2021 Capital stock and other capital related accounts 33,003 33,825 Reserves 67,670
Slide 18: 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 Nine-months ended September 30, September 30, 2022 2021 % Change 2022 2021 % Change Net revenue 33,
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 Nine-months ended September 30, September 30, 2022 2021 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) (12,241
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
Loma Negra Compañía Industrial Argentina — Q3 2022 Earnings Presentation on 6ix