Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q3 2023 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation
Slide 1: 3Q23 Results Conference Call
3Q23-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: Resilient Volumes and Cost Control Drive a Robust Quarter
RESILIENT VOLUMES AND COST CONTROL DRIVE A ROBUST QUARTER Cement business despite moderate decrease in volumes, the level of activity remains resilient, driving a solid set of results for the quarter. As reported results Net revenues reached Ps. 74.2 billion, down 8.3% (US$ 212 million; -10.1%) Adju
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Construction Activity Remains at Solid Levels While Going Through the Election Period
CONSTRUCTION ACTIVITY REMAINS AT SOLID LEVELS WHILE GOING THROUGH THE ELECTION PERIOD GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 10.4 9 ISAC 5.0 5.7 3.0 1.5 6 Cement Industry 1.4 3 1 0 -2.1 -1.2 0 -2.8 -4.9 -1 -1 -1 -1 -4 -3 -2 -3 -2 -3 -2 -5
Slide 6: Cement Volumes Contraction but Still Remain Strong, Revenue Down for the Quarter
CEMENT VOLUMES CONTRACTION BUT STILL REMAIN STRONG REVENUE DOWN FOR THE QUARTER Revenue Performance: Cement, masonry & lime: decreased 12.8% YoY, with volumes contracting 7.1% and price adjustments dynamic affected by higher monthly inflation figures. Concrete: down 4.2% YoY. Volumes decreased 9.4%
Slide 7: Business Performance
oS all, Business Performance LOMA oO una empresa
Slide 8: Stable Gross Profit with Margins Expansion on 3Q23
STABLE GROSS PROFIT WITH MARGINS EXPANSION ON 3Q23 Consolidated gross profit remained almost flat, improving 0.2% YoY, with gross margin expansion of 196 bps to 23.3% mainly due to cost improvements in the Cement segment and in the Railroad operation, coupled with lower depreciations that offset a s
Slide 9: Improvement in Margin, Robust EBITDA Generation for 3Q
IMPROVEMENT IN MARGIN ROBUST EBITDA GENERATION FOR 3Q Consolidated Adjusted EBITDA of US$ 66 million in 3Q23, down 3.9% when measured in Ps. Consolidated Adjusted EBITDA Margin for the quarter reached 23.2%, up 105 bps YoY. mainly due to expansion in the Cement and Railroad margins. By segments Adju
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit Recovers in 3Q23
NET PROFIT RECOVERS IN 3Q23 Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 3.9% YoY AR$ Million -1,581 Total finance cost of Ps. 1.6 billion in 3Q23 compared to a net cost of 3Q22 3Q23 Ps. 36.4 billion in 3Q22 -36,400 Foreign exchange loss of Ps. 16.5 billion in 3Q23, c
Slide 12: Robust Balance Sheet
ROBUST BALANCE SHEET Cash position and Investments of Ps. 20.9 billion and total debt at Ps. 96.1 billion as of end of 3Q23 Debt Maturity schedule (principal) Net Debt of Ps. 75.1 billion (US$ 215 MM) with a Net Debt increase of US$ 29 million in the quarter Ps. USD US$ Million Net Debt/ LTM Adj. EB
Slide 13: 2023 Outlook
2023 Outlook o™/\ oe una empresa () InterCement 12
Slide 14: 2023 Outlook
2023 OUTLOOK Continuing the tendency of the previous quarter, industry volumes show a slight adjustment from last year record highs, following the lower level of activity showed by the economy. As we are in the midst of the election period, with the final election just a few days away, the level of
Slide 15: Financial Tables
Financial Tables ( ~~ pty ina empresa (oe) 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, 2023 2022 % Chg. 2023 2022 % 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 Capital stock and other capital related accounts 79,421 77,077 2023 2022 Reserves 107,89
Slide 18: 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 Nine-months ended September 30, September 30, 2023 2022 % Change 2023 2022 % Change Net
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 Nine-months ended ended September 30, September 30, 2023 2022 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 7,501 (
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 2023 Earnings Presentation on 6ix