Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q4 2020 Earnings Presentation
17 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2021
Slide 1: 4Q20 Results Conference Call
4Q20 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 Negra continues to deliver strong adjusted EBITDA with margin expansion in 4Q20
Loma Negra continues to deliver strong adjusted EBITDA with margin expansion in 4Q20 Core business continues to deliver strong results with encouraging momentum As reported results Net revenues 20.6% to Ps. 13.3 billion (US$ 160 million) Adjusted EBITDA 40.8% to Ps. 4.7 billion (US$ 58 million) Net
Slide 4: Clearer recovery momentum for the industry, yet overall economic turn around still uncertain
Clearer recovery momentum for the industry, yet overall economic turn around still uncertain GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 2.9 5.5 2.5 ISAC Cement Industry 33 25 27 23 20 13 18 11 6 -2.2 -2.5 -2.1 -1.1 -5.2 -4.4 -4 -1 -7 -13 -14 -
Slide 5: Revenues up 20.6% YoY in the back of our core business
Revenues up 20.6% YoY in the back of our core business Revenue Performance: Cement, masonry & lime: increased 26.9% YoY, with volumes expanding 26.9% with stable pricing Concrete: down by 17.0% YoY. Volumes up 12.8% but outweighed by softer pricing Railroad: decreased by 19.1% YoY. Volumes increase
Slide 6: Gross Profit up 46.1%, with margin expansion of 632 bps
Gross Profit up 46.1%, with margin expansion of 632 bps Consolidated gross profit up 46.1% YoY, with gross margin expanding 631 bps to 36.2% driven by our core Cement business Cement gross margin expanded in the back of higher sales volumes and positive input costs SG&A increased by 5.2% YoY due to
Slide 7: Adjusted EBITDA up 40.8% YoY with solid margin expansion of 513 bps
Adjusted EBITDA up 40.8% YoY with solid margin expansion of 513 bps Consolidated Adjusted EBITDA up 40.8% YoY reflecting a strong momentum in our core cement business EBITDA of US$58 million in the 4Q20, compared to US$44 million in 4Q19 Adjusted EBITDA & Margin AR$ Million Consolidated Adjusted EBI
Slide 8: Net profit surged 93.9% benefiting from EBITDA growth and net finance gain
Net profit surged 93.9% benefiting from EBITDA growth and net finance gain Net Profit breakdown: Finance Costs, net AR$ Million Adjusted EBITDA increased by 40.8% YoY 638 1,087 Total finance gain of Ps.638 million in 4Q20 compared to a net loss of Ps.189 million in 4Q19 -189 -2,068 Foreign exchange
Slide 9: Robust balance sheet and sound debt profile
Robust balance sheet and sound debt profile Cash position of Ps. 4.4 billion and total debt at Ps. 6.5 billion in December’20 Debt by Currency Net Debt of Ps. 2.0 billion (US$ 24 mm) at Dec’20 compared to Ps. 11,2 billion (US$ 187 mm) at Dec’19 Net Debt/ LTM Adj. EBITDA ratio of 0.16x in FY20 compar
Slide 10: Looking into 2021
Looking into 2021 Covid-19 continues to be a source of uncertainty, yet in a significantly lower degree than in 2020 Persistent strong momentum for Cement demand encourage us for the remainder of the year Amid an expected challenging scenario, we remain focused on delivering strong results Expansion
Slide 11: Questions & Answers
Questions & Answers
Slide 12: Exhibit: Summary Financial Statements
Exhibit: Summary Financial Statements
Slide 13: 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, 2020 2019 % C hg. 2020 2019 % C hg. Adjusted EBITDA reconciliation: Net profit 2,
Slide 14: 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, 2020 2019 ASSETS SHAREHOLDERS' EQUITY Non-current assets C apital stock and other capital related accounts 15,049 15,049 Reserves
Slide 15: Income Statement
Income Statement Table 9: Condensed Interim Consolidated Statements of Profit or Loss and Other Comprehensive (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Twelve-months ended December 31, December 31, % 2020 2019 % C hange 2020 2019 C hange Net revenue 13,263 1
Slide 16: Statement of Cash Flows
Statement of Cash Flows Twelve-months Three-months ended ended Table 10: Condensed Interim Consolidated Statement of Cash Flows December 31, December 31, 2020 2019 2020 2019 (amounts expressed in millions of pesos, unless otherwise noted) CASH FLOWS FROM OPERATING ACTIVITIES Net profit from continui
Slide 17: IR Contact
IR Contact Marcos I. Gradin Chief Financial Officer and Investor Relations Gaston Pinnel Investor Relations Manager +54-11-4319-3050 investorrelations@lomanegra.com
Loma Negra Compañía Industrial Argentina — Q4 2020 Earnings Presentation on 6ix