Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB · BMV:CEMEX/CPO
Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB — Cemex SAB DE CV — Q1 2018 Earnings Presentation
26 slides from Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB's earnings presentation, Apr 26, 2018
Slide 1: Results 1Q18
Meemex | ton ae RESULTS 1Q18 April 26, 2048
Slide 2: Forward looking information
||Forward looking information 2 This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “should,” “could,” “anticipate,” “estimate,” “expect,” “plan,” “believe,” “predict,” “potential” and “intend” or
Slide 3: Financial Results Summary
||Financial Results Summary 3 -8% Operating EBITDA(US$M) Net Sales (US$M) -29% 93 1Q17 66 1Q18 1Q18 301 1Q17 329 28.2% 1Q17 21.9% 1Q18 Margin EBITDA (%) -6.3pp Net sales declined by 8%mainly due to lower volumes and a difficult comparison base for cement prices in Colombia; fewer business days on a
Slide 4: Consolidated Volumes and Prices
||Consolidated Volumes andPrices 4 (1)Like-to-like prices adjusted for foreign-exchange fluctuations 1Q18 vs.1Q17 1Q18 vs.4Q17 Volume -9%-2% Price (USD)0%6% Price (LtL1)-1%4% Volume-11%-6% Price (USD)0%7% Price (LtL1)-2%3% Volume-5%-4% Price (USD)-6%4% Price (LtL1)-8%1%
Slide 5: EBITDA Variation
||EBITDA Variation 5 28.2% 21.9% EBITDAMargin 1Q17 EBITDA Margin 1Q18 -6.3pp -29% EBITDA1Q17 Fx EBITDA1Q18 Vol Price O. Costs SG&A Dist 93 66 -8 0 0 -3 0 -17
Slide 6: Regional Highlights
REGIONALHIGHLIGHTS Results 1Q18 LATAM HOLDINGS CEMEX
Slide 7: Results Highlights Colombia
Results Highlights Colombia
Slide 8: Colombia – Results Highlights
||Colombia –Results Highlights 81Q18 vs. 1Q17 1Q18 vs. 4Q17 Cement -5%3% Ready-mix-1%3% Aggregates-4%-3%
Slide 9: Colombia – Residential Sector
9 Despite low-income housing sales reaching historic highs year-to-date February,housing starts decreased by about 12% in this period In the middle-and high-income segment, housing sales and starts continued declining year-to-date February, however, housing starts in this segment increased double-di
Slide 10: Colombia – Infrastructure Sector
10 Low levels of public investment during 1Q18 due to the Ley de Garantíaswhich ends its enforcement in coming months after the elections Volumes to this sector supported by two relevant projects in Bogotá:the PTAR Salitrewater plant and the CETIC Hospital 4G projects advancing slowly, estimated tot
Slide 11: Results Highlights Panama
Results Highlights Panama
Slide 12: Panama – Results Highlights
||Panama –Results Highlights 121Q18 vs. 1Q17 1Q18 vs. 4Q17 Cement 0%0% Ready-mix-6%-2% Aggregates-5%4%
Slide 13: Panama – Sector Highlights
||Panama –Sector Highlights 13 We expect improved demand conditions in 2H18as projects such as the Panama northern corridor, the ITSE college, the TransísmicaRoad rehabilitation, as well as the Chorrera-San Carlosroad expansion, intensify cement consumption Increased activity in public works should
Slide 14: Results Highlights Costa Rica
Results Highlights Costa Rica
Slide 15: Costa Rica – Results Highlights
||Costa Rica –Results Highlights 151Q18 vs. 1Q17 1Q18 vs. 4Q17 Cement 1%2% Ready-mix-2%2% Aggregates-28%-3%
Slide 16: Costa Rica – Sector Highlights
||Costa Rica–Sector Highlights 16 For the rest of 2018 demand for our products should be supported by already contracted projects like a wholesale market in the North Pacific part of the country and the new building for the Parliament Our cement volumes expected to increase from 2% to 4% during 2018
Slide 17: Results Highlights Rest of CLH
Results Highlights Rest of CLH
Slide 18: Rest of CLH – Results Highlights
||Rest of CLH –Results Highlights 181Q18 vs. 1Q17 1Q18 vs. 4Q17 Cement 4%2% Ready-mix1%1% Aggregates-3%0%
Slide 19: Rest of CLH – Nicaragua highlights
||Rest of CLH –Nicaragua highlights 19 The recent social unrest in the country is hampering construction activity Cement volumes declined by 11% mainly due to delays in the execution of already contracted concrete roads In the infrastructure sector, concrete roads such as Bluefields-United Nations,
Slide 20: Rest of CLH – Guatemala highlights
20 ||Rest of CLH –Guatemala highlights Our cement volumes in Guatemala declined by 7%,or by 2% adjusting for fewer working days, while our ready-mix business reached record-high volumes Increased cement volumes to retailers and to our ready-mix operations partially compensated lost volumes to two mi
Slide 21: Free Cash Flow 1Q18 Results
FREE CASH FLOW 1Q18 Results
Slide 22: Free Cash Flow
||Free Cash Flow 22US$ Million 1Q18 1Q17 % var Op. EBITDA6693(29%) -Net Financial Expense1517 -Maintenance Capex 710 -Change in Working Cap3623 -Taxes Paid1222 -Other Cash Items (net)264 Free Cash Flow -3017N/A -Strategic Capex 116 Free Cash Flow -311N/A
Slide 23: Guidance 1Q18 Results
GUIDANCE 1Q18 Results
Slide 24: 2018 Guidance
||2018 Guidance 24 Volume YoY% Consolidated Cash taxes US$75 M Total Capex US$55M Maintenance Capex US$50 M Strategic Capex US$5 MCement Ready -Mix Aggregates 2% to 4%-2% to 0%5% to 7%
Slide 25: Consolidated debt maturity profile
||Consolidateddebt maturity profile 25 2018 339 2023 596 US$ Million US $935 M Total debt as of March 31, 2018 3.2x Net Debt/EBITDAas of March 31, 2018
Slide 26: Results 1Q18
Mecmex | ton rife RESULTS 1Q18 April 26, 2048