Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q3 2021 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2021
Slide 1: 3Q21 Results Conference Call
3Q21-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: 3Q 2021 Highlights
3Q 2021 Highlights Cement business continues to deliver world class margin with demand reaching all time highs As reported results Net revenues 8.5% to Ps. 17.8 billion (US$ 176 million) Adjusted EBITDA -9.1% to Ps. 4.7 billion (US$ 51 million) Net Profit of Ps. 1.5 billion Consolidated Adjusted EBI
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Cement demand near all time highs
Cement demand near all time highs GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 17,9 ISAC 321 8,3 135 Cement Industry 2,9 2,3 2,1 2,9 98 94 71 -2,6 -2,1 35 29 25 27 33 23 20 23 18 21 20 21 23 18 12 13 6 7 7 -9,9 -10,2 -9,9 -1 4 May’21 Jul’21 Ago’
Slide 6: Growth in Cement sales with expansion across all other segments
Growth in Cement sales with expansion across all other segments Revenue Performance: Cement, masonry & lime: increased 2.4% YoY, with volumes expanding 8.4% with a softer pricing dynamic Concrete: up by 116.6% YoY. Volumes keep recovering from last year´s pandemic lockdown 110.8% with a moderate inc
Slide 7: Business Performance
Business Performance LOMA oe) una empresa
Slide 8: Tighter margins mainly due the normalization of seasonal effects
Tighter margins mainly due the normalization of seasonal effects Consolidated gross profit slightly declined 0.1% YoY, with gross margin contracting 222 bps to 25.8% mainly impacted by a normalization of seasonality effects and higher energy costs Compression in cement margin partially offset by an
Slide 9: Adjusted EBITDA impacted by higher production inputs
Adjusted EBITDA impacted by higher production inputs Solid EBITDA of US$51 million in the 3Q21, compared to US$48 million in 3Q20 Consolidated Adjusted EBITDA down 9.1% YoY mainly explained by a softer cement margin compared to an abnormal last year’s quarter Adjusted EBITDA & Margin Consolidated Ad
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net income compared against an extraordinary base quarter
Net income compared against an extraordinary base quarter Net Profit breakdown: Finance Costs, net Adjusted EBITDA decreased by 9.1% YoY AR$ Million Total finance cost of Ps.322 million in 3Q21 compared to a net gain of Ps.3,051 million in 2Q20 3.051 Foreign exchange loss of Ps. 341 million in 3Q21,
Slide 12: Solid balance sheet with sound debt profile
Solid balance sheet with sound debt profile Cash position of Ps. 4.3 billion and total debt at Ps. 4.0 billion as of end of 3Q21 Debt Maturity schedule Net Cash position of Ps. 0.3 billion (US$ 3 mm) in Sep’21 with Debt reduction of US$16 million in the Ps. EUR USD quarter US$ Million Net Debt/ LTM
Slide 13: 2021 Outlook
2021 Outlook ~ ( ta gy ) una empresa () interCement 12
Slide 14: 2021 Outlook
2021 Outlook Cement demand consolidates its positive trend, exceeding our previous expectations with ten-month accumulated figures near record levels Growth path for the mid-term in Argentina remains overshadow by macroeconomic challenges L´Amalí´s new line started cement dispatch in October, with p
Slide 15: Financial Tables
Financial Tables ( o™/\ pty ina empresa (e) 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 Nine-months ended September 30, September 30, 2021 2020 % C hg. 2021 2020 % C hg. Adjusted EBITDA reconciliation: Net profit (l
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, 2021 2020 ASSETS SHAREHOLDERS' EQUITY C apital stock and other capital related accounts 19.113 20.611 Non-cur
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, 2021 2020 % C hange 2021 2020 % C hange Net revenue 1
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, 2021 2020 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Net profit (loss) 1.490 9
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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