Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q4 2023 Earnings Presentation
22 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2024
Slide 1: 4Q23 Results Conference Call
4Q23-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 Performance: Solid Results for 2023 Despite Volume Decrease
RESILIENT PERFORMANCE SOLID RESULTS FOR 2023 DESPITE VOLUME DECREASE Cement business despite the volume decrease in the fourth quarter, the year closes with a dispatch level among the best in history, which allowed us to achieve solid results As reported results Net revenues reached Ps. 99.4 billion
Slide 4: ESG - Sustainability Report
ESG - Sustaintability Report 3
Slide 5: Building a Sustainable Future
BUILDING A SUSTAINABLE FUTURE E S G Total GHG emissions intensity We generate impact in the 100% of employees trained on the (Scope 1 and 2): communities: 81,893 persons Company’s Integrity Program, reinforcing 527.36 kg CO2/tn cementitious material directly benefited with our programs the commitmen
Slide 6: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 5
Slide 7: Construction Industry Eases Its Activity as It Awaits the Government's First Moves
CONSTRUCTION INDUSTRY EASES ITS ACTIVITY AS IT AWAITS THE GOVERNMENT’S FIRST MOVES GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 10.4 ISAC 5.0 6 Cement Industry 2.8 2.5 3 3 1.5 1.4 1 -0.8 -1 0 -1.6 -4 -3 -2 -3 -2 -3 -2 -5 -2 -3.0 -5.0 -7 -5 -6 -7
Slide 8: Resilience in Declining Volumes: Top Line Down for the Quarter
RESILIENCE IN DECLINING VOLUMES TOP LINE DOWN FOR THE QUARTER Revenue Performance: Cement, masonry & lime: decreased 16.0% YoY, with volumes contracting 10.1% and price adjustments dynamic affected by higher monthly inflation figures. Concrete: down 20.3% YoY. Volumes decreased 17.5% coupled with so
Slide 9: Business Performance
oS all, Business Performance LOMA oO una empresa
Slide 10: Gross Profit Declines: Slight Margins Contraction in 4Q23
GROSS PROFIT DECLINES SLIGHT MARGINS CONTRACTION IN 4Q23 Consolidated gross profit declined 14.3% YoY, with gross margin contraction only 36 bps to 26.2% mainly due to cost improvements in the Cement segment, coupled with lower depreciations that offset a softer top line. Slight margin expansion in
Slide 11: Tighter Margins on 4Q23 and for FY23: Solid EBITDA Generation
TIGHTER MARGINS ON 4Q23 AND FOR FY23 SOLID EBITDA GENERATION FOR THE QUARTER Consolidated Adjusted EBITDA of US$ 61 million in 4Q23, down 44.7% when measured in Ps. Excluding the non-core asset sale in 4Q22 the decrease was 25.8% Consolidated Adjusted EBITDA Margin for the quarter reached 22.8%, dow
Slide 12: Bottom line; Financial performance
• Bottom line • Financial performance 11
Slide 13: Net Profit Affected by Peso Devaluation in 4Q23
NET PROFIT AFFECTED BY PESO DEVALUATION IN 4Q23 Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 44.7% YoY AR$ Million 1,185 Total finance cost of Ps. 37.3 billion in 4Q23 compared to a net gain 4Q22 4Q23 FY22 FY23 of Ps. 1.2 billion in 4Q22 -37,325 -46,065 -54,837 Foreig
Slide 14: Robust Balance Sheet Despite Sharp Devaluation
ROBUST BALANCE SHEET DESPITE SHARP DEVALUATION Cash position and Investments of Ps. 6.7 billion and total debt at Ps. 147.4 billion as of end of 4Q23 Debt Maturity schedule (principal) Net Debt of Ps. 140.6 billion (US$ 174 MM) with a Net Debt decrease of US$ 41 million in the quarter Ps. USD US$ Mi
Slide 15: 2023 Outlook
2023 Outlook o™/\ oe una empresa () InterCement 14
Slide 16: 2024 Outlook
2024 OUTLOOK Regardless of the lower volumes in the fourth quarter, 2023 achieved a significant level of dispatches, trailing only behind the record year of 2022. The volatility generated by the electoral process and the subsequent change in administration affected the level of activity. The various
Slide 17: Financial Tables
Financial Tables ( ~~ pty ina empresa (oe) InterCement 16
Slide 18: 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, 2023 2022 % Chg. 2023 2022 % Chg. Adjusted EBITDA reconciliation: Net profit (Los
Slide 19: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position (amounts expressed in millions of pesos, unless otherwise noted) As of December 31, As of December 31, SHAREHOLDER'S EQUITY 2023 2022 Capital stock and other capital related accounts 121,976 118,151 Reserves 165,3
Slide 20: 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, 2023 2022 % Change 2023 2022 % Change Net
Slide 21: 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 Twelve-months ended December 31, December 31, 2023 2022 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) (20,188
Slide 22: 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 — Q4 2023 Earnings Presentation on 6ix