Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q2 2023 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2023
Slide 1: 2Q23 Results Conference Call
2Q23-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: Robust Set of Results for the First Half of the Year
ROBUST SET OF RESULTS FOR THE FIRST HALF OF THE YEAR Cement business amid political uncertainty, continues strong and delivering solid results. As reported results Net revenues reached Ps. 50.9 billion, down 6.5% (US$ 206 million; +1.0%) Adjusted EBITDA stood at Ps. 11.7 billion, down 26.1% (US$ 63
Slide 4: Macro & Industry Context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Demand Remains Resilient Amid Political Uncertainty
AFTER RECORD VOLUMES IN 2022 DEMAND REMAINS RESILIENT AMID POLITICAL UNCERTAINTY GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 10.4 6.8 14 ISAC 5.0 5.7 12 2.6 9 9 9 Cement Industry 1.5 1.3 7 7 5 5 6 3 1 -0.6 0 -2.1 -3.0 -1 -1 -1 -1 -4 -3 -2 -2 -9
Slide 6: Cement Volumes Contraction but Still Remain Strong; Revenue Down for the Quarter
CEMENT VOLUMES CONTRACTION BUT STILL REMAIN STRONG REVENUE DOWN FOR THE QUARTER Revenue Performance: Cement, masonry & lime: decreased 12.4% YoY, with volumes contracting 3.6% and price adjustments dynamic affected by higher monthly inflation figures. Concrete: up 26.6% YoY. Volumes increased 14.8%
Slide 7: Business Performance
oS all, Business Performance LOMA oO una empresa
Slide 8: Margins Compression on 2Q23
MARGINS COMPRESSION ON 2Q23 Consolidated gross profit declines 21.1% YoY, with gross margin contracting 437 bps to 23.7% mainly affected by price dynamics and lower volumes in the Cement segment, partially compensated with better results en Concrete and a decrease in electrical energy inputs and low
Slide 9: EBITDA Generation Remains Strong
EBITDA GENERATION REMAINS STRONG Consolidated Adjusted EBITDA of US$ 63 million in 2Q23, down 26.1% when measured in Ps. Consolidated Adjusted EBITDA Margin for the quarter reached 22.9%, down 608 bps YoY. mainly due to cement margin contraction and the incidence of the increase level of activity of
Slide 10: Bottom Line; Financial Performance
• Bottom line • Financial performance 9
Slide 11: Net Profit Down in 2Q23
NET PROFIT DOWN IN 2Q23 Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 26.1% YoY AR$ Million Total finance cost of Ps. 3.0 billion in 2Q23 compared to a net cost of Ps. 0.7 billion in 2Q22 -668 2Q22 2Q23 Foreign exchange loss of Ps. 5,2 billion in 2Q23, compared to Ps.
Slide 12: Robust Balance Sheet
ROBUST BALANCE SHEET Cash position and Investments of Ps. 24.1 billion and total debt at Ps. 71.7 billion as of end of 2Q23 Debt Maturity schedule (principal) Net Debt of Ps. 47.7 billion (US$ 186 MM) with a Net Debt increase of US$ 77 million in the quarter Ps. EUR US$ Million Net Debt/ LTM Adj. EB
Slide 13: 2023 Outlook
2023 Outlook o™/\ oe una empresa () InterCement 12
Slide 14: 2023 Outlook
2023 OUTLOOK The cement industry shows resilient, maintaining shipments at historically high levels, even though the level of activity in Argentina is facing some struggles amid the political and macro economical challenging scenario. As we approach the presidential elections we expect a lower level
Slide 15: Financial Tables
Financial Tables ( ~~ pty ina empresa (oe) InterCement 14
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 Six-months ended June 30, June 30, 2023 2022 % Chg. 2023 2022 % Chg. Adjusted EBITDA reconciliation: Net profit (Loss) 2,443 5,
Slide 17: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position (amounts expressed in millions of pesos, unless otherwise noted) As of June 30, As of December 31, SHAREHOLDER'S EQUITY 2023 2022 Capital stock and other capital related accounts 58,897 57,170 Reserves 80,026 114,
Slide 18: 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 Six-months ended June 30, June 30, 2023 2022 % Change 2023 2022 % Change Net revenue 50
Slide 19: 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 Six-months ended ended June 30, June 30, 2023 2022 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 2,443 5,203 8,889
Slide 20: Thank you! IR Contact
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 — Q2 2023 Earnings Presentation on 6ix