Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q2 2020 Earnings Presentation
17 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2020
Slide 1: 2Q20 Results Conference Call
2Q20 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: 2Q20 results fully impacted by Covid-19 and partially underpinned by Bagged Cement
2Q20 results fully impacted by Covid-19 and partially underpinned by Bagged Cement Loma Negra´s business in 2Q20 impacted by the increasing complexities of Covid-19 pandemic. Since May, strong recovery in bag segment across regions As reported results Net revenues - 30.1%YoY to Ps.7.45 billion (US$1
Slide 4: Covid-19 Pandemic on top of adverse economic momentum
Covid-19 Pandemic on top of adverse economic momentum GDP Growth1 (YoY Growth, %) Construction Activity2 (YoY Growth, %) 5,0 2,9 2,0 0,4 -1,9 -6,0 -5,2 -6,4 -8,7 -13,5 -14,8 -9,5 -22,1 -2,2 -2,1 -1,8 -1,1 -2,5 -47,1 -48,6 -5,8 -5,4 -76,2 -12,0 2020e 2021e 2022e 1Q19 2Q19 3Q19 4Q19 1Q20 2016 2017 201
Slide 5: Revenues down 30.1% reflecting the full impact of the Covid-19 pandemic
Revenues down 30.1% reflecting the full impact of the Covid- 19 pandemic Revenue Performance: Argentine cement: declined 25.8% YoY. Volumes contraction of 24.5%, particularly in the Bulk segment. Strong rebound of bag segment Paraguay cement: improved by 3.3% YoY. Sales volumes remained almost flat
Slide 6: Gross Profit down 34.2% with 151 bps margin contraction
Gross Profit down 34.2% with 151 bps margin contraction Consolidated gross profit down 34.2 YoY, with gross margin contracting 151 bps to 24.1% explained by the full impact of Covid-19 restrictions during the quarter and higher burden of D&A Argentine cement gross margin expanded, benefitting from f
Slide 7: Adjusted EBITDA down 24.6% YoY, margin expanding 204 bps
Adjusted EBITDA down 24.6% YoY, margin expanding 204 bps Consolidated Adjusted EBITDA down 24.5% YoY in 2Q20 with Covid-19 Pandemic fully impacting a deteriorated economic backdrop Consolidated Adjusted EBITDA Margin expanded 204 bps mainly explained by expansion Cement margins Adjusted EBITDA & Mar
Slide 8: Net profit at US$10MM further impacted by FX losses
Net profit at US$10MM further impacted by FX losses Net Profit breakdown: Finance Costs, net AR$ Million Adjusted EBITDA decreased 24.6% YoY 377 Total finance loss net of Ps.1,106 million in 2Q20 compared to a gain of Ps.377 million in 2Q19 -1.106 Foreign exchange loss at Ps.560 million in 2Q20, com
Slide 9: Strong Balance Sheet and adequate debt profile
Strong Balance Sheet and adequate debt profile In 2Q20, we undertook Operational and Financial actions to improve our liquidity and to strengthen our Balance Sheet Debt by Currency Cash position of Ps.3.4 billion and manageable short-term debt maturities of Ps.9.9 billion as US$ of June ’20 32% Eur
Slide 10: Looking forward
Looking forward COVID-19 pandemic: Continue to operate under strict biosafety protocols Encouraging bagged cement rebound since May Recovery pathway rather uncertain, still depending on local economy turn around and the progress of the Covid- 19 pandemic Liability and liquidity focus with controllab
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 Six-months ended June 30, June 30, 2020 2019 % C hg. 2020 2019 % C hg. Adjusted EBITDA reconciliation: Net profit 111 1,570 -93
Slide 14: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position as of June 30, 2020 and December 31, 2019 (amounts expressed in millions of pesos, unless otherwise noted) As of June 30, As of December 31, 2020 2019 ASSETS SHAREHOLDERS' EQUITY Non-current assets C apital stock
Slide 15: Income Statement
Income Statement Table 9: Condensed Interim Consolidated Statements of Profit or Loss and Table 9: Condensed Interim Consolidated Statements of Profit or Loss and (amounts expressed in millions of pesos, unless otherwise noted) Other Comprehensive Income (unaudited) (amounts expressed in millions of
Slide 16: Statement of Cash Flows
Statement of Cash Flows Table 10: Condensed Interim Consolidated Statement of Cash Flows for the Three-months and Three-months ended Six-months ended Six-months ended June 30, 2020 and 2019 June 30, June 30, (amounts expressed in millions of pesos, unless otherwise noted) 2020 2019 2020 2019 CASH FL
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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