Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q4 2021 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2022
Slide 1: 4Q21 Results Conference Call
4Q21-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 continues to deliver strong results
LOMA continues to deliver strong results Cement business continues to deliver world class margin with demand almost reaching all time highs As reported results Net revenues -3.8% to Ps. 19.3 billion (US$ 187 million; +16.6%) Adjusted EBITDA -10.0% to Ps. 6.4 billion (US$ 63 million; +9.1%) Net Profi
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Cement demand almost reached all time highs in 2021
Cement demand almost reached all time highs in 2021 GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 17.9 11.9 ISAC 322 9.7 Cement Industry 135 2.9 3.0 2.2 2.2 2.9 98 94 70 -2.6 -2.1 35 28 -4.3 27 33 23 20 23 18 21 19 21 23 19 12 7 8 6 8 2 16 -9.9 5
Slide 6: Revenue down 3.8% in 4Q21; sound expansion across all segments for the full year
Revenue down 3.8% in 4Q21 Sound expansion across all segments for the full year Revenue Performance: Cement, masonry & lime: decreased 4.8% YoY, with volumes expanding 3.5% with a softer pricing dynamic Concrete: down by 0.4% YoY. Volumes down due to the impact of an extraordinary infrastructure wor
Slide 7: Business Performance
oS all, Business Performance LOMA oO una empresa
Slide 8: Tighter margins on 4Q21 and expansion for FY21
Tighter margins on 4Q21 and expansion for FY21 Consolidated gross profit declined 7.9% YoY, with gross margin contracting 152 bps to 34.6% mainly impacted by lower top line performance for the 4Q21. Sound recovery of 22.5% for the FY21. Compression in cement margin partially offset by an improvement
Slide 9: Record performance for the FY 2021
Record performance for the FY 2021 Consolidated Adjusted EBITDA of US$63 million in the 4Q21, down 10% when measured in Ps. For FY21, EBITDA stood at US$215 million, up 15.4% when measured in Ps. Consolidated Adjusted EBITDA Margin reached 33.3%, down Adjusted EBITDA & Margin AR$ Million 231 bps YoY
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit down 37% affected by lower operating performance and higher financial cost
Net Profit down 37% affected by lower operating performance and higher financial cost Net Profit breakdown: Finance Costs, net Adjusted EBITDA decreased by 10.0% YoY AR$ Million Total finance cost of Ps.143 million in 4Q21 compared to a net gain of Ps.935 million in 4Q20 1,612 Foreign exchange gain
Slide 12: Robust balance sheet with positive cash position
Robust balance sheet with positive cash position Cash position and Investments of Ps. 5.3 billion and total debt at Ps. 2.5 billion as of end of 4Q21 Debt Maturity schedule Net Cash position of Ps. 2.8 billion (US$ 27 mm) at Dic’21 with Debt reduction of US$16 million in the Ps. USD quarter US$ Mill
Slide 13: 2021 Outlook
2021 Outlook o™/\ oe una empresa () InterCement 12
Slide 14: Looking into 2022
Looking into 2022 2021 cement demand almost reached record highs For 2022 we expect growth to continue, following a similar trend of recent months Amid the outcome of political and macroeconomic challenges, we remain focused on delivering strong results L´Amalí´s new line in full production, meeting
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 Twelve-months ended December 31, December 31, 2021 2020 % C hg. 2021 2020 % C hg. Adjusted EBITDA reconciliation: Net profit (L
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 December 31, SHAREHOLDER'S EQUITY 2021 2020 C apital stock and other capital related accounts 20,368 22,715 Reserves 45,389 28,255 ASSETS Reta
Slide 18: Income Statement
Income Statement Table 9: Condensed Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Twelve-months ended December 31, December 31, 2021 2020 % C hange 2021 2020 % C hange Net revenue 1
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 Twelve-months ended ended December 31, December 31, 2021 2020 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 2,795 4
Slide 20: Thank you!
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
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