Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB · BMV:CEMEX/CPO
Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB — Cemex SAB DE CV — Q1 2021 Earnings Presentation
22 slides from Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB's earnings presentation, Apr 30, 2021
Slide 1: 2021 First Quarter Results
2021 First Quarter Results Exhibit 3
Slide 2: Forward-looking statements
This presentation contains forward-looking statements. In some cases, these statements can be identified by the use of forward-looking words such as “may,” “should,” “could,” “anticipate,” “estimate,” “expect,” “plan,” “believe,” “predict,” “potential” and “intend” or other similar words. These forw
Slide 3: First Quarter 2021 Update
First Quarter 2021 Update Activity starting to ramp up in 1Q21, following 4Q20 which was adversely affected by several typhoons. During the last two weeks of March, a surge in COVID-19 cases prompted the national government to tighten community quarantine regulations in the National Capital Region a
Slide 4: COVID-19 Pandemic: Initiatives
COVID-19 Pandemic: Initiatives Focused on adhering to our Behaviors that Save Lives. Adapting on-site workforce and protocols to maintain safe and continuous operations. Extended our health and safety campaigns to the families and households of our employees. Enhancing our CEMEX Go digital platform,
Slide 5: Celebrating Years of APO Cement Corporation
Celebrating 100 Years of APO Cement Corporation
Slide 6: Net Sales, Domestic Cement Volumes and Prices
Domestic cement volumes decreased by 4% year-over-year during the first quarter, amidst the ongoing COVID-19 pandemic and its impact on economic activity. On a sequential basis, our domestic cement volumes increased by 14%, as the fourth quarter of 2020 was affected by adverse weather conditions. Ou
Slide 7: Private Sector
Private Sector Activity in the residential sector was lower year-over-year in 1Q21 with the COVID-19 pandemic and its impact on the project timeline of developers. Average full-time employment was lower in the first two months of the year versus January 2020. Nonetheless, cash remittances and reside
Slide 8: Public Sector
Public Sector Infrastructure disbursements during the first two months of the year increased by 14% year-over-year to Php 107bn owing to payments for projects that were started late last year. The government expects faster spending for the second quarter given the continuation of on-going projects a
Slide 9: Total Cost of Sales, Fuel and Power
Total cost of sales was lower by 3% year-over-year during the first quarter, in line with the decrease in our sales volumes. Total fuel cost was 18% lower on a year-over-year basis mainly due to the use of a more cost-efficient fuel mix. Total power cost was 14% higher on a year-over-year basis main
Slide 10: Operating Expenses
Distribution expenses was 16% of sales during the first quarter, a decrease of 3 pp year-over-year. This was driven by lower delivered volumes and initiatives to increase efficiency. Selling and administrative expenses, as a percentage of sales, was flat year-over-year at 14% during the first quarte
Slide 11: Operating EBITDA and Operating EBITDA Margin
Operating EBITDA in the first quarter decreased by 5% year-over-year due to lower sales. Operating EBITDA margin was higher at 19.7% for the first quarter of 2021, compared with 19.2% in the same period of last year. Operating EBITDA and Operating EBITDA Margin 1 Millions of Philippine Pesos Refers
Slide 12: Net Income
Controlling interest net income was at PHP 205 million for the first quarter of 2021, 131% higher on a year-over-year basis, mainly due to a 78% decrease in financial expenses. Financial expenses for the first quarter of 2021 declined 78%, reflecting lower debt levels and interest rates. Income tax
Slide 13: Free Cash Flow & Guidance
Free Cash Flow & Guidance Ho pincs PHILIPPINES cx | E u U L1}i) Hit) LITT y
Slide 14: Free Cash Flow
Free cash flow after maintenance CAPEX for the first quarter of 2021 was around PHP 1.3 billion. Working capital improvement was mainly due to higher payables and lower inventories. Free Cash Flow
Slide 15: Solid Cement Plant Capacity Expansion
Works remained ongoing throughout the first quarter, with strict health and safety protocols, in line with government regulations. Our contractors have started to work on the different superstructures of the new line. Installation of various equipment continue. Expected completion of construction in
Slide 16: 2021 Guidance
2021 Guidance Cement Volumes 5-7% Capital expenditures PHP 5,330 million PHP 1,350 million PHP 6,680 million Solid Cement Plant Expansion CAPEX Maintenance and Other CAPEX Total CAPEX
Slide 17: Q&A Session
Q&A Session 2021 First Quarter Results
Slide 18: 2021 First Quarter Appendix
Wy) / see Hi 2021 First Quarter Appendix
Slide 19: Debt Maturity Profile
Debt Maturity Profile Total Debt: PHP 12,153 Avg. life of debt1: 4.9 years Net Debt to EBITDA2: 1.5x All amounts in millions of Philippine Pesos 1 Based on weighted average life of debt 2 Last 12 months Consolidated EBITDA 554 3,965 5,094
Slide 20: Additional Debt Information
Additional Debt Information Note: All amounts in millions of Philippine Pesos, except percentages and ratios 1 U.S. dollar debt converted using end-of-period exchange rates 2 Includes leases, in accordance with Philippine Financial Reporting Standards (PFRS) 3 Based on BDO Loan Facility financial co
Slide 21: Definitions
Definitions PHP Philippine Pesos Pp Percentage points Prices All references to pricing initiatives, price increases or decreases, refer to our prices for our products. Operating EBITDA Operating earnings before other expenses, net, plus depreciation and operating amortization. Free Cash Flow Operati
Slide 22: Contact Information
Contact Information Stock Information PSE: CHP Investor Relations In the Philippines +632 8849 3600 chp.ir@cemex.com