Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB · BMV:CEMEX/CPO
Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB — Cemex SAB DE CV — Q2 2019 Earnings Presentation
26 slides from Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB's earnings presentation, Jul 25, 2019
Slide 1: 2Q19 Results
Exhibit 3 RESULTS July 25 , 2019 2Q19
Slide 2: Forward-looking statements
Forward This “would,” reflect as expectations. cyclical fluctuating in secured impact acquired for experiences conditions; geopolitical CLH’s is increases UNLESS UNDER 2Copyright subject those well CLH’s presentation CEMEX ability public of as notes activity markets, looking businesses; INTERNATIONA
Slide 3: Financial Results Summary
Financial Margin .22 19 36M18 9% 18 8% 223% 6% EBITDA 6M19 . Results 2Q182Q19 Summary (%) -3.1pp Net Sales -4.3pp (US$M) -11% 572 507 -11% 280 249 6M18 6M192Q182Q19 Operating EBITDA (US$M) -23% -28% 131 100 63 46 6M18 6M19 2Q182Q19
Slide 4: Consolidated volumes and prices
Consolidated 6M19 6M18 gray cement concrete Ready-mix Volume Aggregates Price Domestic or Improved were During by 4(1)by 14%, Like-to-like offset (LtL1) 2% vs. 2Q181Q19 Price the 4%, on 2Q19 gray 0% -4% -9% cement Price quarter, by (USD) a5% Volumes Price 1%0% daily-sales lower -1% 2% -5%-8% -6%-2%
Slide 5: Operating EBITDA variation 6M18 to 6M19
-11 3 -14-54-7 131 -23% 100 6M18 22.9% EBITDA -3.1pp 5Margin 6M18 6M19 19.8% Variation Vol EBITDA PriceO. Margin 6M19CostsDistSG&AFXEBITDA 6M19
Slide 6: Regional 2Q19 Results Highlights
REGIONAL 2Q19 ResultsHIGHLIGHTS
Slide 7: Results Highlights Colombia
Results Highlights Colombia
Slide 8: Colombia Summary Financial Results
Colombia Summary Financial US$ sales Volume 6M19 Cement (Local Price Aggregates We our Net due EBITDA increased 8margin are volumes Sales sales toMillion 6M18% vs. higher Currency) 15.7% very erosion. margin increased sales 6M18 Ready –Results 10%12%1% 2%3%2% 250 Op. pleased increased volumes 17.9%
Slide 9: Colombia Residential Sector Highlights
Colombia For improved Increased during We due 9until estimate are the to2024, the 2Q19 afull bit volumes demand low –Residencial and year more that were levels the 2019, industry-cement optimistic to driven to increase the of the we inventory Sector self-construction self-construction by expect inth
Slide 10: Colombia Infrastructure Sector Highlights
Colombia During The Our projects 4G we around 10 estimate are projects infrastructure volumes currently 610,000 2019, in–Infrastructure Bogota, continue that to wethis m3 supplying industry-cement expect sector the in sector advancing 2019, school-construction industry continued Sector were to38% pr
Slide 11: Results Highlights Panama
Results Highlights Panama
Slide 12: Panama Summary Financial Results
Panama Net Summary Financial US$ sales Volume 6M19 (Local Price Aggregates Cement we during High as consumption During major of 12 our well estimate Sales Million levels maintenance 6M18% vs. ready-mix Currency) the 24.9% as 2Q19 demand –Results 6M18 Ready project quarter -10%-6%0% -6%-6%-2% 98 of O
Slide 13: Panama Sector Highlights
Panama We the For Next US$300 13 “Corredor now the year, rest full –Sector million expect additional year of de 2019, our transmission 2019, Highlights lascement Playas” we projects weexpect expect volumes highway line, worth theindustry-cement and infrastructure US$4 inand aPanama US$150 the billio
Slide 14: Results Highlights Costa Rica
Results Highlights Costa Rica
Slide 15: Costa Rica Summary Financial Results
Costa Net Summary Financial US$ sales Volume 6M19 Cement (Local Price Aggregates Industry-cement we Our as The mainly 15 the estimate Sales EBITDA quarterly Million Rica new 6M18% vs. Currency) 34.1% due6M18 Ready -26%-31%-1% 0%-2%-2% competitor –Results to 55 Op. that cement margin lower 32.2%1.9pp
Slide 16: Costa Rica Sector Highlights
Costa Considering During such For mainly We Demand 16 expect the asRica due the full “Circunvalación is cement-industry quarter, expected –Sector to year lower a larger 2019, industry-cement our Highlights tothan we grow volumes Norte”, now expected volumes in estimate 2020 were “Ruta demand impact
Slide 17: Results Highlights Rest of CLH
Results Highlights Rest of CLH
Slide 18: Rest of CLH Summary Financial Results
Rest Net Summary Financial US$ sales Volume 6M19 Cement (Local Price Aggregates Higher were Quarterly by Our mainly 18 1% Sales EBITDA of Million offset 6M18% vs. YoY Currency) 28.8% cement due CLH 6M18 cement Ready -4%-2%0% 1%1%0% by to 113 and Op. –Results margin higher 33.9% -58%-55%23% 13%21%10%
Slide 19: Nicaragua Sector Highlights
Nicaragua We The and Our 5% most cement 19 expect QoQ, continues socio-political cement of consumption the–Sector our highway volumes to volumes take Highlights crisis projects in during a toll the inremains Nicaragua in country the sponsored economic quarter unresolved, to declined decline activity
Slide 20: Guatemala Sector Highlights
Guatemala We The we Our 20 don’t expect first quarterly ready-mix round expect our –Sector cement full volumes ofthe presidential year Highlights result volumes cement declined of the elections declined volumes elections by 44%was by indue to2% Guatemala in have tomid-June orunusual increased a mate
Slide 21: Other 2Q19 Results Information
OTHER 2Q19 Results INFORMATION
Slide 22: Operating EBITDA to Free Cash Flow
US$ Operating. discontinued -After Free Our mainly from Financial this We our 22Taxes Netare Maintenance Change Other Free Strategic average interest free Cash Million idle-land financial Maintenance cash due pleased cash paid cash in expenses Flow Capex EBITEBITDA flow to expense working items oper
Slide 23: Income Statement Items
Income Our the related Other in 23 financial both lower controlling expenses income to cases, Statement the netother potential income the and net, interest income negative expenses, Items during was impact net and due effect 2Q19, income net, expenses to from lower was includes was the negative due
Slide 24: Consolidated Debt Information
Consolidated US$ 2020 329 458 Type Banks Intercompany Other Average (1) The US$811 Our 3.6x Interest 42% Variable 24 58% Average term total Net debt Million Fixed Currency 2021 Rate M COP Cost Debt debt “Intercompany” (Leases) total Cost 20222023 debt /9.21%7 was /Total EBITDA USD debt CostUS$ ofas
Slide 25: 2019 Guidance
2019 Volume 4% Colombia -8% Panama Cement Costa --25% Total Maintenance These Consolidated US$60 25 Aggregates: Cement: Ready-mix: totoGuidance Capex to Rica 6% figures -6% MYoY% -19% Ready—Mix -3% 1% US$50M US$42 volumes: Cash -8% -6% -20% now toto -10% 0% to 3% include taxes toM -5% 0% to -17% 1%
Slide 26: Results 2Q19
| Meamex\ 4 risteel RESULTS 2Q19