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 — Q2 2021 Earnings Presentation
26 slides from Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB's earnings presentation, Jul 30, 2021
Slide 1: 2021 Second Quarter Results
2021 Second Quarter Results Exhibit 3
Slide 2: Forward-looking statements
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 other similar words. These forw
Slide 3: Second Quarter 2021 Update
Second Quarter 2021 Update In 2Q21, we saw construction activity benefit from an easing of quarantine restrictions on the construction industry and drier weather conditions. Despite a tightening of lockdown measures in 2Q21, the construction industry was allowed to operate with minimal restrictions,
Slide 4: Behaviors that Save Lives
Let's ensure our safety and that of our families and communities by following these Behaviors that Save Lives. CHOOSE TO GET VACCINATED. WEAR YOUR MASK AT ALL TIMES. IDENTIFY SYMPTOMS AND INFORM. PRACTICE GOOD PERSONAL HYGIENE. MAINTAIN TWO-METER DISTANCE. SOURCE: World Health Organization
Slide 5: Second Quarter 2021 Initiatives
Second Quarter 2021 Initiatives CHP’s digitalization efforts recognized recently during the first CEMEX Global Awards. Our Distribution and Institutional commercial teams won first place for “CEMEX Go Top Orders Adoption” in 2020 for the Larger and Smaller Markets categories, respectively. Our Elect
Slide 6: Our Path to Carbon
Meencx OUR PATH TO CARBON didi ot Gommittedto —=—“‘(<‘Cié‘éi;;!;!;!O~C~C~C~C~™~™C™COCOCCC ETRE
Slide 7: Sustainability and Climate Action
Sustainability and Climate Action Developing “greener” cement products that will soon be available to the market. Reducing clinker factor with admixtures, alternative raw materials, and by-products of other industries. Contributing to the circular economy through the co-processing of plastics and in
Slide 8: Second Half 2021 Outlook
Second Half 2021 Outlook National weather bureau, PAGASA, announced the start of the rainy season in June. Highly competitive markets should continue with the presence of imported cement in all regions of the country. The threat of COVID-19 remains, with the resurgence of outbreaks around the countr
Slide 9: Domestic Cement Volumes and Prices
Domestic cement volumes increased by 45% year-over-year during the second quarter, supported by an easing of quarantine restrictions on our industry and reflecting a low base effect. Sequentially, our domestic cement volumes increased by 7%, as favorable weather conditions aided construction activit
Slide 10: Net Sales
Net Sales As a result of higher volume, net sales increased, year over year, by 43% during the second quarter and by 13% during the first six months of 2021. Net Sales1 1 Millions of Philippine Pesos +43% +13%
Slide 11: Private Sector
Private Sector Construction sector employment remained above 4 million persons in April and May of 2021, despite tightening of quarantine measures, as restrictions on the construction industry were eased. Activity in the residential sector was higher year-over-year as a positive trend in approved re
Slide 12: Public Sector
Public Sector Infrastructure disbursements from April to June grew by 63% year-over-year to Php 232 billion. Spending during this period also surpassed the level in the comparable months two years ago. The growth reflects the government’s efforts to speed up execution in order to catch up on project
Slide 13: Cost of Sales
Cost of Sales Cost of sales was 59% of sales during the first six months of 2021, compared with 61% in the same period of 2020. Total fuel cost was 1% higher year-over-year for the first half of 2021. Using more cost-efficient fuel mix to lower dependence on coal, the market price of which has been
Slide 14: Operating Expenses
Operating Expenses Distribution expenses was 15% of sales during the first half of 2021, a decrease of 3 pp year-over-year. This was mainly driven by lower delivered volumes and initiatives to increase efficiency. Selling and administrative expenses was 13% of sales during the first half of 2021, lo
Slide 15: Operating EBITDA and Operating EBITDA Margin
Operating EBITDA and Operating EBITDA Margin Operating EBITDA for the first six months of 2021 increased by 26% year-over-year mainly due to higher volume. Operating EBITDA margin was at 21% for the first half of 2021. 1 Millions of Philippine Pesos Refers to operating EBITDA margin % Operating EBIT
Slide 16: Net Income
Net Income Net income was at PHP 804 million for the first six months of 2021 mainly due to higher operating earnings. Financial expenses were lower by 78% year-over-year during the first half, reflecting lower debt levels and declining interest rates. Foreign exchange losses were a result of the de
Slide 17: Free Cash Flow & Guidance
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Slide 18: Free Cash Flow
Free cash flow after maintenance CAPEX for the first six months of 2021 was around PHP 2.4 billion. Working capital improvement was mainly due to higher payables. Free Cash Flow
Slide 19: Solid Cement Plant New Line
Works on the different superstructures of the new line and installation of various equipment remained ongoing throughout the second quarter, following strict health and safety protocols during the current COVID-19 pandemic. Expected completion of construction now in June 2022, due to general delays.
Slide 20: 2021 Guidance
2021 Guidance Cement Volumes 12-14% Capital expenditures PHP 3,440 million PHP 1,360 million PHP 4,800 million Solid Cement Plant Expansion CAPEX Maintenance and Other CAPEX Total CAPEX
Slide 21: Q&A Session
Q&A Session 2021 Second Quarter Results
Slide 22: 2021 Second Quarter Appendix
2021 Second Quarter Appendix
Slide 23: Debt Maturity Profile
Debt Maturity Profile Total Debt: PHP 11,491 Avg. life of debt1: 4.8 years Net Debt to EBITDA2: 1.2x All amounts in millions of Philippine Pesos 1 Based on weighted average life of debt 2 Last 12 months Consolidated EBITDA 382 3,786 4,845
Slide 24: Additional Debt Information
Additional Debt Information Note: All amounts in millions of Philippine Pesos, except percentages and ratios 1 U.S. dollar debt converted using end-of-period exchange rates 2 Includes leases, in accordance with Philippine Financial Reporting Standards (PFRS) 3 Based on BDO Loan Facility financial co
Slide 25: Definitions
Definitions 6M21 / 6M20 Results for the first six months of the years 2021 and 2020, respectively PHP Philippine Pesos Pp Percentage points Prices All references to pricing initiatives, price increases or decreases, refer to our prices for our products. Operating EBITDA Operating earnings before oth
Slide 26: Contact Information
Contact Information Stock Information PSE: CHP Investor Relations In the Philippines +632 8849 3600 chp.ir@cemex.com