Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q4 2018 Earnings Presentation
17 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2019
Slide 1: 4Q18 Results Conference Call
4Q18 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: Loma Negra continues to deliver strong adjusted EBITDA growth and margin expansion in 4Q18
Loma Negra continues to deliver strong adjusted EBITDA growth and margin expansion in 4Q18 Argentina Cement volumes remain impacted by macro contraction, Paraguay recovered and Concrete reached record high; favorable pricing dynamics As reported results reflect the application of IAS 29 (Hyperinflat
Slide 4: Industry demand weakens further due to more challenging macro dynamics
… even as industry demand weakens further due to more challenging macro dynamics GDP Growth1 (YoY Growth, %) Construction Activity2 (YoY Growth, %) 3.9 3.9 19.5 19.3 2.9 14.4 2.3 2.4 2.5 8.4 7.0 0.7 0.1 -0.1 -4.2 -6.4 -4.2 -3.5 -1.3 -15.9 -2.2 -20.5 -2.6 -2.4 2018e 2019e 2020e 4Q17 1Q18 2Q18 3Q18 20
Slide 5: Revenues up 2.8% and 7.9% for the full year, despite softer Cement sales volumes
Revenues up 2.8% and 7.9% for the full year, despite softer Cement sales volumes Revenue Performance: Argentine cement: decreased 5,9% YoY. Volumes contraction of 18.4% partially offset by healthy pricing environment Concrete: rose 24.6% YoY. Volumes up 13.6% reaching a new record high driven by inf
Slide 6: Gross Profit up 13.2% with margin expansion while SG&A continues to improve
Gross Profit up 13.2% with 270 bps margin expansion while SG&A continues to improve on a relative basis Consolidated gross profit up 13.2% YoY, with gross margin expanding 270 bps to 29.5% mainly driven by Cement in Argentine and Paraguay. Partially offset by weaker performance in Railroad, and fast
Slide 7: Adjusted EBITDA up 20.6% YoY with strong margin expansion of 459 bps
Adjusted EBITDA up 20.6% YoY with strong margin expansion of 459 bps Consolidated Adjusted EBITDA up 20.6% YoY in 4Q18 driven by strong growth in core cement in Argentina and Paraguay, and coupled by improvements in Concrete, Railroad, and Aggregates segments Consolidated Adjusted EBITDA Margin expa
Slide 8: Profit before taxes up 85.0% YoY while Net profit was down
Profit before taxes up 85.0% YoY while Net profit was down 26.0% affected by last year tax provisions Positive contributors to Net Profit: Finance Costs, net Adjusted EBITDA increased 20.6% YoY AR$ Million Total finance gain net of Ps.228 million in 4Q18 compared 228 to a loss of Ps.327 million in 4
Slide 9: Robust balance sheet and sound debt profile
Robust balance sheet and sound debt profile Cash position of Ps.2.9 billion and total debt at Ps.6.0 billion in December’18 Debt by Currency Net Debt of Ps.3.1 billion (US$ 81 million) at December’18 US$ Net Debt/ LTM Adj. EBITDA ratio of 0.43x in FY18 compared with 0.28x in FY17 41% Ps. Operating c
Slide 10: Looking into 2019
Looking into 2019 Amid a expected challenging scenario, we remain focused on delivering strong results Cement demand expected to turnaround by mid-year on the back of overall economic recovery L’Amalí plant expansion on track for completion in early 2020 Healthy cash flow generation and solid balanc
Slide 11: Questions & Answers
Questions & Answers
Slide 12: Exhibit: Summary Financial Statements
Exhibit: Summary Financial Statements
Slide 13: Income Statement
Income Statement Table 9: Condensed Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income (unaudited) (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Twelve-months ended December 31, December 31, 2018 2017 % Change 2018 2017 % Change Net
Slide 14: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position as of December 31, 2017 (unaudited) (amounts expressed in millions of pesos, unless otherwise noted) As of December 31, 2018 2017 ASSETS LIABILITIES Non-Current assets Non-current liabilities Property, plant and e
Slide 15: Statement of Cash Flows
Statement of Cash Flows Condensed Interim Consolidated Statement of Cash Flows for the Nine-months and Three-months Twelve-months ended Ended December 31, 2018 and 2017 December 31, 2018 2017 (amounts expressed in millions of pesos, unless otherwise noted) CASH FLOWS FROM OPERATING ACTIVITIES Net pr
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 Twelve-months ended December 31, December 31, 2018 2017 % C hg. 2018 2017 % C hg. Adjusted EBITDA reconciliation: Net profit 1,
Slide 17: IR Contact
IR Contact Marcos I. Gradin Chief Financial Officer and Investor Relations Gaston Pinnel Investor Relations Manager +54-11-4319-3050 investorrelations@lomanegra.com
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