Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q2 2022 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2022
Slide 1: 2Q22 Results Conference Call
2Q22-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 delivers another strong quarter
LOMA delivers another strong quarter Cement business achieving record level in terms of EBITDA generation for a second quarter on the back of solid demand momentum As reported results Net revenues increased 8.0% to Ps. 25.3 billion (US$ 204 million; +38.7%) Adjusted EBITDA up 2.6% to Ps. 7.3 billion
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Solid demand. Industry in record figures
Solid demand. Industry in record figures GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 10.4 18.1 11.8 ISAC 8.9 3.4 6.0 Cement Industry 1.5 2.0 28 24 21 1921 2319 20 16 14 12 9 10 9 -2.6 -2.1 7 8 6 8 7 8 7 2 5 4 2 -9.9 -2 -5 2022e 2023e 2024e 2Q21
Slide 6: Cement volumes in positive momentum, revenue up 8.0%
Cement volumes in positive momentum Revenue up 8.0% Revenue Performance: Cement, masonry & lime: increased 6.2% YoY, with volumes expanding 19.3% with a softer pricing dynamic Concrete: up 27.5% YoY. Volumes up 26.3% coupled with good pricing performance Railroad: increased by 5.6% YoY. Volumes expa
Slide 7: Business Performance
Business Performance LOMA) cme O
Slide 8: Gross profit stable with tighter margins on 2Q22
Gross profit stable with tighter margins on 2Q22 Consolidated gross profit slightly improved 0.6% YoY, with gross margin contracting 205 bps to 28.1% mainly impacted by lower price performance and higher depreciations due to the completion of L’Amalí second line, partially offset by proper cost mana
Slide 9: EBITDA generation remains strong
EBITDA generation remains strong Up 31.7% in US$ Consolidated Adjusted EBITDA of US$ 63 million in the 2Q22, up 2.6% when measured in Ps. Consolidated Adjusted EBITDA Margin reached 29.0%, down 151 bps YoY, mainly due to cement margin contraction Adjusted EBITDA & Margin AR$ Million By segments Adju
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit improvement supported by better operating performance
Net Profit improvement supported by better operating performance Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA increased by 2.6% YoY AR$ Million Total finance cost of Ps. 310 million in 2Q22 compared to a net gain of Ps. 479 million in 2Q21 479 Foreign exchange loss of Ps. 398 mill
Slide 12: Robust balance sheet & strong dividend distribution
Robust balance sheet & strong dividend distribution Cash position and Investments of Ps. 13.3 billion and total debt at Ps. 13.6 billion as of end of 2Q22 Debt Maturity schedule Net Debt of Ps. 0.3 billion (US$ 2 MM) with a Debt increased of US$100 million in the quarter Ps. USD US$ Million Net Debt
Slide 13: 2022 Outlook
2022 Outlook 12
Slide 14: 2022 Outlook
2022 Outlook The first seven months of 2022 are showing an outstanding momentum for the construction market, surpassing our initial expectations for the year. Even though the global energy crisis remains in place and affecting the sector, we are showing LOMA’s unique capabilities to avoid this impac
Slide 15: Financial Tables
Financial Tables aN ( LOMA ) una empresa (@) 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 Six-months ended June 30, June 30, 2022 2021 % Chg. 2022 2021 % Chg. Adjusted EBITDA reconciliation: Net profit (Loss) 2,413 (2
Slide 17: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position (amounts expressed in millions of pesos, unless otherwise noted) SHAREHOLDER'S EQUITY As of June 30, As of December 31, Capital stock and other capital related accounts 27,050 27,731 2022 2021 Reserves 65,068 61,7
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 Six-months ended June 30, June 30, 2022 2021 % Change 2022 2021 % Change Net revenue 25,268 23,399
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 Six-months ended June 30, June 30, 2022 2021 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 2,413 (2,075) 6,09
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 — Q2 2022 Earnings Presentation on 6ix