Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q1 2023 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2023
Slide 1: 1Q23 Results Conference Call
1Q23-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: Solid Start of the Year
SOLID START OF THE YEAR Cement business continues the positive trend and deliver robust results in the quarter. As reported results Net revenues reached Ps. 40.6 billion, up 2.9% (US$ 197 million; +15.1%) Adjusted EBITDA stood at Ps. 10.6 billion, down 19.7% (US$ 63 million; +5.8%) Net Profit of Ps.
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Resilient Demand Amid Increasing Uncertainty
RESILIENT DEMAND AMID INCREASING UNCERTAINTY GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 10.4 7.1 24 ISAC 5.2 6.0 5.9 3.0 20 Cement Industry 0.7 1.9 14 12 9 10 7 9 7 9 9 5 5 6 -2.1 -2.7 3 0 -1 -1 -2 -1 -9.9 -6 -5 -11 -9 2023e 2024e 2025e 1Q22 2
Slide 6: Cement Volumes Continue the Positive Trend, Revenue Up 3%
CEMENT VOLUMES CONTINUE THE POSITIVE TREND REVENUE UP 3% FOR THE QUARTER Revenue Performance: Cement, masonry & lime: decreased 3.5% YoY, with volumes growing 4.3% and a softer pricing dynamic Concrete: up 32.8% YoY. Volumes surged 26.2% coupled with good pricing performance Railroad: decreased 5.7%
Slide 7: Business Performance
Business Performance LOMA) cme O
Slide 8: Gross Profit Declines, Margins Compression on 1Q23
GROSS PROFIT DECLINES MARGINS COMPRESSION ON 1Q23 Consolidated gross profit declines 15.3% YoY, with gross margin contracting 591 bps to 27.5% mainly affected by price dynamics, higher costs related to higher thermal energy inputs and an increase in freights costs, partially compensated with a decre
Slide 9: Year Start with Solid Figures
YEAR START WITH SOLID FIGURES Consolidated Adjusted EBITDA of US$ 63 million in 1Q23, down 19.7% when measured in Ps. Consolidated Adjusted EBITDA Margin for the quarter reached 26.2%, down 738 bps YoY. mainly due to cement margin contraction and the incidence of the increase level of activity of ot
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit Down 19% in 1Q23
NET PROFIT DOWN 19% IN 1Q23 Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 19.7% YoY AR$ Million Total finance cost of Ps. 19 million in 1Q23 compared to a net gain of Ps. 452 million in 1Q22 Foreign exchange loss of Ps. 3,1 billion in 1Q23, compared to Ps. 0.7 billion
Slide 12: New Source of Funding While Keeping a Robust Balance Sheet
NEW SOURCE OF FUNDING WHILE KEEPING A ROBUST BALANCE SHEET Cash position and Investments of Ps. 19.4 billion and total debt at Ps. 42.3 billion as of end of 1Q23 Debt Maturity schedule (principal) Net Debt of Ps. 22.9 billion (US$ 109 MM) with a Net Debt increase of US$ 19 million in the quarter Ps.
Slide 13: 2022 Outlook
2022 Outlook 12
Slide 14: 2023 Outlook
2023 OUTLOOK We started the year with solid numbers, with volumes maintaining the positive trend. Amid the increased uncertainty regarding the macro and political scenario, and the pessimistic shift on the growth expectations, the industry remains resilient. With the recent announcement of a second
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 March 31, 2023 2022 % Chg. Adjusted EBITDA reconciliation: Net profit (Loss) 5,208 6,403 -18.7% (+) Depreciation and amortizati
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 March 31, As of December 31, SHAREHOLDER'S EQUITY 2023 2022 Capital stock and other capital related accounts 46,217 46,186 ASSETS Reserves 92,
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 March 31, 2023 2022 % Change Net revenue 40,590 39,449 2.9% Cost of sales (29,447) (26,
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 March 31, 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 5,208 6,403 Adjustments to reconcile net profit (loss
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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