Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q2 2024 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2024
Slide 1: 2Q24 Results Conference Call
2Q24-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 Quarterly Results: 2Q24 Highlights
Solid Quarterly Results 2Q24 Highlights Cement business Although shipments showed a significant drop YoY, the sequential trend shows a recovery that became more pronounced towards the end of the period. In this context, LOMA is presenting excellent results with a significant improvement in margin. A
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Steady Recovery Signs Since March Bottom
Steady Recovery Signs Since March Bottom Monthly Industry Cement Sales3 (‘000 tons) Industry Cement Sales by Type3 (%) 2019 2020 2021 2022 2023 2024 Bulk 39% 61% Bag May Dec Mar Apr Feb Sep Nov Aug Oct Jun Jul Jan GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (Y
Slide 6: Top line contraction: Volume decline in 2Q with signs of recovery
Top line contraction Volume decline in 2Q with signs of recovery Revenue Performance: Cement, masonry & lime: decreased 26.1% YoY, with volumes contracting 32.5% partially compensated by a strong price performance Concrete: down 47.1% YoY. Volumes decreased 45.2% Railroad: decreased 14.5% YoY. Volum
Slide 7: Business Performance
• Business Performance 6
Slide 8: Margin expansion amid Gross Profit decrease
Margin expansion amid Gross Profit decrease Consolidated gross profit declined 18.1% YoY, with gross margin expansion of 329 bps to 27.0%. In the Cement Segment, the positive price dynamic and tight cost control, coupled with lower depreciation, partially offset the lower sales volumes. The margin a
Slide 9: EBITDA Margin Increase Despite Volume Contraction
EBITDA Margin Increase Despite Volume Contraction 51 Consolidated Adjusted EBITDA Million US$ 28.1 Cons. Adj. EBITDA Margin % Down 11.7% in 2Q24 when measured Up 520 bps. YoY in Ps. Adjusted EBITDA & Margin By segments AR$ Million Adjusted Cement, masonry cement and lime segment Adjusted EBITDA EBIT
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit Boosted by Operational Performance & Financial Gain
Net Profit Boosted by Operational Performance & Financial Gain Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 11.7% YoY AR$ Million 2Q23 2Q24 Total finance gain of Ps. 24.0 billion in 2Q24 compared to a net cost of Ps. 11.3 billion in 2Q23 24,000 Foreign exchange loss o
Slide 12: Solid Balance Sheet With Low Level of Indebtedness
Solid Balance Sheet With Low Level of Indebtedness Cash position and Investments of Ps. 3.1 billion and total debt at Ps. 201.0 billion as of end of 2Q24 Debt Maturity schedule (principal) Ps. USD US$ Million Net Debt of Ps. 197.9 billion (US$ 217 MM) Net Debt/ LTM Adj. EBITDA ratio down to 1.26x in
Slide 13: 2024 Outlook
2024 Outlook 12
Slide 14: Outlook
Outlook After a rough start of the year, where the macro environment severely affected cement dispatches, in the second quarter we started to see clear sign of recovery, consolidating in the resent months. Focus on our expertise and operational efficiencies, LOMA managed to deliver another strong qu
Slide 15: Financial Tables
Financial Tables 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, 2024 2023 % Chg. 2024 2023 % Chg. Adjusted EBITDA reconciliation: Net profit (Loss) 29,584 9
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 March 31, As of December, 31 SHAREHOLDER'S EQUITY Capital stock and other capital related accounts 219,001 219,279 2024 2023 Reserves 309,683
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, 2024 2023 % Change 2024 2023 % Change Net revenue 13
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) Six-months ended Three-months ended June 30, March 31, 2024 2023 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 29,584 9,076 89,7
Slide 20: Thank you!
Thank you! IR Contact Marcos I. Gradin Chief Financial Officer and Investor Relations Diego M. Jalón Head of Investor Relations investorrelations@lomanegra.com
Loma Negra Compañía Industrial Argentina — Q2 2024 Earnings Presentation on 6ix