Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q4 2019 Earnings Presentation
17 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2020
Slide 1: 4Q19 Results Conference Call
4Q19 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 4Q19
Loma Negra continues to deliver strong adjusted EBITDA with margin expansion in 4Q19 Argentina business impacted by persistent macro instability amid the political transition; As reported results Net revenues -15.0% to Ps.9.1 billion (US$147 million) Adjusted EBITDA -13.1% to Ps.2.9 billion (US$49 m
Slide 4: Political and macroeconomic uncertainty worsened during the quarter
Political and macroeconomic uncertainty worsened during the quarter GDP Growth1 (YoY Growth, %) Construction Activity2 (YoY Growth, %) 2,6 2,9 1,7 2,0 0,0 -2 -3 -5 -6 -5 -6 -8 -9 -10 -1,5 -1,7 -2,2 -2,5 -2,1 -12 -12 -16 -6,1 -5,8 4Q18 1Q19 2Q19 3Q19 2019e 2020e 2021e 2022e 2015 2016 2017 2018 Monthl
Slide 5: Revenues down 15.0% and 5.5% for the full year, impacted by persistent low activity
Revenues down 15.0% and 5.5% for the full year, impacted by persistent low activity level amid political transition Revenue Performance: Argentine cement: decreased 9,1% YoY. Volumes contraction of 11.1% partially offset by positive pricing Concrete: plunged 55.5% YoY. Volumes down 51.5% as public a
Slide 6: Gross Profit down 13%, mainly affected by lower demand
Gross Profit down 13%, mainly affected by lower demand Consolidated gross profit down 13.0% YoY, with gross margin expanding 68 bps to 30.0% mainly driven by Cement in Argentine and Paraguay Argentine cement gross margin expanded, benefitting from positive pricing environment and cost control SG&A a
Slide 7: Adjusted EBITDA down 13.1% YoY with mild margin expansion of 69 bps
Adjusted EBITDA down 13.1% YoY with mild margin expansion of 69 bps Consolidated Adjusted EBITDA down 13.1% YoY in 4Q19 mainly affected by Business in Argentina Consolidated Adjusted EBITDA Margin expanded 69 bps Adjusted EBITDA & Margin to 31.8% from 31.1% in 4Q18 AR$ Million Adjusted EBITDA 31.1%
Slide 8: Profit before taxes down 39.6% YoY while Net profit was down 42.3%
Profit before taxes down 39.6% YoY while Net profit was down 42.3% affected by higher interest burden Net Profit breakdown: Finance Costs, net Adjusted EBITDA decreased 13.1% YoY AR$ Million 351 Total finance loss of Ps.205 million in 4Q19 compared to a net gain of Ps.351 million in 4Q18 -205 -1.809
Slide 9: Robust balance sheet and sound debt profile
Robust balance sheet and sound debt profile Cash position of Ps.2.6 billion and total debt at Ps.12.2 billion in December’19 Debt by Currency Net Debt of Ps.9.7 billion (US$ 161 million) at December’19 US$ Net Debt/ LTM Adj. EBITDA ratio of 0.86x in FY19 compared with 0.43x in FY18 Eur 43% 6% Operat
Slide 10: Looking into 2020: L'Amalí plant expansion on track for completion in mid 2020
Looking into 2020 Amid a expected challenging scenario, we remain focused on delivering strong results Cement demand expected to turnaround by mid-year on the back of overall economic recovery L’Amalí plant expansion on track for completion in mid 2020 Healthy cash flow generation and solid balance
Slide 11: Questions & Answers
Questions & Answers
Slide 12: Exhibit: Summary Financial Statements
Exhibit: Summary Financial Statements
Slide 13: Income Statement
Income Statement Table 9: Condensed Interim Consolidated Statements of Profit or Loss and (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Twelve-months ended December 31, December 31, % % 2019 2018 2019 2018 C hange C hange Net revenue 9,074 10,669 -15.0% 38,952 4
Slide 14: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position as of December 30, 2019 and 2018 (amounts expressed in millions of pesos, unless otherwise noted) As of December 31, 2019 2018 ASSETS SHAREHOLDERS' EQUITY C apital stock and other capital related accounts 11,054 1
Slide 15: Statement of Cash Flows
Statement of Cash Flows Table 10: Condensed Interim Consolidated Statement of Cash Flows for the Twelve-months and Three-months ended December 31, 2019 and 2018 (amounts expressed in millions of pesos, unless otherwise noted) Table 10: Condensed Interim Consolidated Statement of Cash Flows for the T
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 Twelve-months ended December 31, December 31, 2019 2018 % C hg. 2019 2018 % C hg. Adjusted EBITDA reconciliation: Net profit 1,
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
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