Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q2 2021 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2021
Slide 1: 2Q21 Results Conference Call
2Q21-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: Solid business performance, EBITDA recovery of 74.1% YoY
Solid business performance, EBITDA recovery of 74.1% YoY Core business continues to deliver strong results with demand exceeding pre-pandemic levels As reported results Net revenues 46.6% to Ps. 14.3 billion (US$ 147 million) Adjusted EBITDA 74.1% to Ps. 4.3 billion (US$ 48 million) Net majority los
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Cement demand begins to exceed pre-pandemic levels
Cement demand begins to exceed pre-pandemic levels GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) 2.9 6.8 2.4 2.5 2.5 ISAC Cement Industry 135 98 94 -2.1 71 -2.6 27 33 35 29 21 -9.9 -10.2 -9.9 25 23 20 23 18 21 11 13 6 -19.0 -4 -1 -18-13 nov-20 ab
Slide 6: Revenue's recovery across all segments
Revenue's recovery across all segments Core business driving revenue expansion of 46.6% YoY Revenue Performance: Cement, masonry & lime: increased 43.4% YoY, with volumes expanding 39.5% and positive pricing Concrete: up by 491.7% YoY. Volumes recovery from last year´s pandemic lockdown 583.6% parti
Slide 7: Business Performance
Business Performance LOMA) cme O
Slide 8: Gross profit up 88.0%, with 664 bps of margin expansion
Gross profit up 88.0%, with 664 bps of margin expansion Consolidated gross profit up 88.0% YoY, with gross margin expanding 664 bps to 30.1% driven by our Cement business Cement gross margin expanded in the back of higher operational leverage and positive pricing SG&A increased by 33.7% YoY due to h
Slide 9: Adjusted EBITDA +74.1% YoY with margin expanding 483 bps
Adjusted EBITDA +74.1% YoY with margin expanding 483 bps Consolidated Adjusted EBITDA up 74.1% YoY reflecting a persistent momentum in our core cement business EBITDA of US$48 million in the 2Q21, compared to US$26 million in 2Q20 Adjusted EBITDA & Margin AR$ Million Consolidated Adjusted EBITDA Mar
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net income strongly impacted by income tax reform
Net income strongly impacted by income tax reform Net Profit breakdown: Finance Costs, net Adjusted EBITDA increased by 74.1% YoY AR$ Million 292 Total finance gain of Ps.292 million in 2Q21 compared to a net loss of Ps.1,597 million in 2Q20 Foreign exchange gain of Ps. 193 million in 2Q21, compared
Slide 12: Solid balance sheet with sound debt profile
Solid balance sheet with sound debt profile Cash position of Ps. 2.9 billion and total debt at Ps. 5.4 billion as of end of 2Q21 Debt Maturity schedule Net Debt of Ps. 2.5 billion (US$ 26 mm) in Jun’21 with Debt reduction of US$21 million in the quarter. Ps. EUR USD US$ Million Net Debt/ LTM Adj. EB
Slide 13: 2021 Outlook
2021 Outlook 12
Slide 14: 2021 Outlook
2021 Outlook With Cement demand continuing the recovery trend, with bulk segment starting to improve, moderate growth versus pre-pandemic levels is expected by year by the year end L´Amalí new clinker line started up in June, and full second line moves towards completion in next month Confirmed rail
Slide 15: Financial Tables
Financial Tables aN ( LOMA ) una empresa (@) 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, 2021 2020 % C hg. 2021 2020 % C hg. Adjusted EBITDA reconciliation: Net profit (loss) (1,265
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, 2021 2020 ASSETS SHAREHOLDERS' EQUITY C apital stock and other capital related accounts 18,066 18,860 Non-current
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 Six-months ended June 30, June 30, 2021 2020 % C hange 2021 2020 % C hange Net revenue 14,269 9,735
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 ended Six-months ended June 30, June 30, 2021 2020 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Net profit (loss) (1,265) 166 1,583
Slide 20: Thank you!
IR Contact Marcos I. Gradin Chief Financial Officer and Investor Relations Thank you! Gastón Pinnel Head of Investor Relations +54 (11 ) 4319-3050 investorrelations@lomanegra.com
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