Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Loma Negra — Q1 2018 Earnings Presentation
17 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2018
Slide 1: 1Q18 Results Conference Call
1Q18 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 Negra reports a solid start to the year delivering strong top and bottom line growth
Loma Negra reports a solid start to the year delivering strong top and bottom line growth… Attractive market dynamics with healthy volume growth and a positive pricing environment in Argentina Balancing growth and profitability Net revenues + 41.6% to Ps.4.5 billion (US$230 million) Adjusted EBITDA
Slide 4: Continued momentum in private construction and public infrastructure in Argentina
…driven by continued momentum in private construction and public infrastructure in Argentina GDP Growth1 (%) Construction Activity2 (YoY Growth, %) 25.4 3.80 3.90 21.6 2.90 3.00 20.3 19.0 2.30 2.40 2.50 17.0 16.6 10.5 13.0 13.4 14.5 0.60 10.8 10.3 8.3 -2.60 -2.20 -2.4 -3.4 2013 2014 2015 2016 2017 2
Slide 5: Solid volume and healthy pricing environment support revenue growth across products and markets
Solid volume and healthy pricing environment support revenue growth across our products and markets Argentine cement revenues up 41.1% YoY driven by 9.5% increase in volumes supported by healthy pricing environment Paraguay cement revenues up 23.1% YoY with prices and the Guarani appreciation more t
Slide 6: Gross Profit up 38% while SG&A as a % of revenues declined 118 bps
Gross Profit up 38% while SG&A as a % of revenues declined 118 bps Gross profit up 38% YoY, with gross margin down 74 bps to 28.7% mainly reflecting growth in the concrete segment Gross margin in Cement segment in Argentina up 221 bps mostly due to ongoing growth in volumes and prices SG&A as a % of
Slide 7: Robust revenue growth drove increase of 41% in Adjusted EBITDA
Robust revenue growth drove increase of 41% in Adjusted EBITDA… Adjusted EBITDA up 40.6% YoY to Ps.1,166 million in 1Q18, driven by continued growth in volumes and prices, along with ongoing cost controls, while Adjusted EBITDA Margin remained almost unchanged Argentine Cement segment Adjusted EBITD
Slide 8: With Net Majority Income up 49%
…with Net Majority Income up 49% On top of strong Adjusted EBITDA growth, bottom line Net Profit attributable to Owners profitability also benefitted from a decline in the effective tax AR$ Million rate to 28% in 1Q18 from 32% in 1Q17, as a result of the Income tax rate reduction in Argentina from t
Slide 9: Strong balance sheet and debt profile; healthy cash flow
Strong balance sheet and debt profile; healthy cash flow Cash position of Ps.2.3 billion and total debt at Ps.4.6 billion in March’18 Debt by Currency Net Debt up by Ps.1.1 billion to Ps.2.3 billion (US$ 112 million) at March’18 US$ 43% Net Debt/Adj. EBITDA ratio up to 0.5x in 1Q18 from 0.3x in FY17
Slide 10: Looking into 2018
Looking into 2018 Continued sound market dynamics driving profitable growth, but slowing down from recent high recovery levels Well positioned to continue balancing growth and profitability through leading market position and strategically located facilities with nationwide distribution Advancing on
Slide 11: Questions & Answers
Questions & Answers
Slide 12: Exhibit: Summary Financial Statements
Exhibit: Summary Financial Statements
Slide 13: Income Statement
Income Statement Condensed Interim Consolidated Statements of Profit or Loss (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended Three-months ended March 31, March 31, 2018 2017 % Change 2018 2017 % Change Net revenue 4,534 3,202 41.6% 4,534 3,202 41.6% Cost of sales
Slide 14: Balance Sheet
Balance Sheet Condensed Interim Consolidated Statements of Financial Position as of March 31, 2018 and December 31, 2017 (Unaudited) (amounts expressed in millions of pesos, unless otherwise noted) As of December SHAREHOLDERS' EQUITY As of March 31, 31, Capital stock and other capital related accoun
Slide 15: Statement of Cash Flows
Statement of Cash Flows Condensed Interim Consolidated Statements of Cash Flow for the three months ended March 31, 2018 and 2017 (Unaudited) (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended March 31, 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Net profit for th
Slide 16: Adjusted EBITDA Reconciliation & Margin
Adjusted EBITDA Reconciliation & Margin Adjusted EBITDA Reconciliation & Margin (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended March 31, 2018 2017 % Chg. Adjusted EBITDA reconciliation: Net profit 549 399 37.4% (+) Financial interest, net 15 114 -86.8% (+) Income
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