Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q3 2019 Earnings Presentation
17 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, Nov 8, 2019
Slide 1: 3Q19 Results Conference Call
3Q19 Results Conference Call November 8, 10am (ET)
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 adjusted EBITDA growth and margin expansion in 3Q19
Loma Negra continues to deliver adjusted EBITDA growth and margin expansion in 3Q19 The company kept delivering a solid set of results, despite the uncertainty raised by the political developments during the quarter As reported results Net revenues -7.6% to Ps.9.2 billion (US$172 million) Adjusted E
Slide 4: The incipient recovery faded as the macroeconomic variables worsened
The incipient recovery faded as the macroeconomic variables worsened GDP Growth1 (YoY Growth, %) Construction Activity2 (YoY Growth, %) 2,7 2,7 1,6 0,6 -3 -2 -6 -5 -6 -8 -9 -1,7 -12 -12 -2,5 -2,1 -2,5 -3,0 -16 -16 -3,7 -21 -6,1 -5,8 2019e 2020e 2021e 3Q18 4Q18 1Q19 2Q19 2014 2015 2016 2017 2018 Mont
Slide 5: Revenues down 7.6%, impacted by softer Concrete segment and Cement in Argentina
Revenues down 7.6%, impacted by softer Concrete segment and Cement in Argentina Revenue Performance: Argentine cement: down 4.0% YoY. Volumes contraction of 7.5% balanced by healthy pricing environment Concrete: dropped 37.7% YoY. Volumes down 33.9% as new projects slow down or put on hold Paraguay
Slide 6: Gross Profit up, mainly reflecting previous footprint-adequacy efforts
Gross Profit up, mainly reflecting previous footprint- adequacy efforts Consolidated gross profit up 7.3% YoY, with gross margin expansion of 368 bps to 26.6%, Excluding non-recurring costs of production footprint enhancement, gross profit would have expanded around 10% and gross profit margin would
Slide 7: Adjusted EBITDA increased by 2.7% YoY with solid margin expansion of 289 bps
Adjusted EBITDA increased by 2.7% YoY with solid margin expansion of 289 bps Consolidated Adjusted EBITDA up 2.7% YoY in 3Q19 driven by positive contribution of cement segment and Railroad. However, it was dimmed by non-recurrent costs, and negative impact of Concrete Consolidated Adjusted EBITDA Ma
Slide 8: Net profit up to Ps.60 million impacted by a improved operational result
Net profit up to Ps.60 million impacted by a improved operational result Net Profit Attributable to Owners Net Profit Attributable to Owners of the Company in 3Q19 Ps. Million increased Ps.232 million YoY, measured in US$ decreased from a gain of US$4 million to a loss of US$8 million 50 -182 Total
Slide 9: Strong balance sheet and sound debt profile
Strong balance sheet and sound debt profile Cash position of Ps.1.4 billion and total debt at Ps.10.4 billion in September ‘19 Debt by Currency Net Debt of Ps.9.1 billion (US$ 157 million) at September ´19 Euro US$ Net Debt/ LTM Adj. EBITDA ratio of 0.87x in 3Q19 compared with 0.43 in Dec.18 5% 42%
Slide 10: Looking ahead
Looking ahead Expectations around the policies to be adopted by the new administration to reestablish financial stability and economic growth We remain focused on delivering solid results, leveraging our leadership position while seeking productivity gains L’Amalí plant expansion on track. Completio
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 Nine-months ended September 30, September 30, 2019 2018 % C hg. 2019 2018 % C hg. Adjusted EBITDA reconciliation: Net profit 60
Slide 14: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position as of September 30, 2019 and December 31, 2018 (amounts expressed in millions of pesos, unless otherwise noted) As of September 30, As of December 31, 2019 2018 ASSETS Non-current assets SHAREHOLDERS' EQUITY C api
Slide 15: 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 Nine-months ended September 30, September 30, % % 2019 2018 2019 2018 C hange C hange Net revenue 9,178 9,931 -7.6% 26,744 27,
Slide 16: Statement of Cash Flows
Statement of Cash Flows Table 10: Condensed Interim Consolidated Statement of Cash Flows for the Nine-months and Three-months ended September 30, 2019 and 2018 (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Nine-months ended September 30, September 30, 2019 2018
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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