Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q1 2024 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2024
Slide 1: 1Q24 Results Conference Call
1Q24-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: First Quarter Highlights Amid Challenging Scenario
First Quarter Highlights Amid Challenging Scenario Cement business The quarter was marked by a decrease in activity levels. Focused on LOMA's strengths: our leadership position and operational efficiency As reported results Net revenues reached Ps. 114.9 billion, down 27.0% (US$ 123 million) Adjuste
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: The Stabilization Plan took a toll on the activity level
The Stabilization Plan took a toll on the activity level Monthly Industry Cement Sales3 (‘000 tons) Industry Cement Sales by Type3 (%) 2019 2020 2021 2022 2023 2024 Bulk 41% 59% Bag May Dec Mar Apr Feb Sep Nov Aug Oct Jun Jul Jan GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry
Slide 6: Top line contraction across all segments
Top line contraction across all segments Revenue Performance: Cement, masonry & lime: decreased 25.4% YoY, with volumes contracting 31.3% partially compensated by a strong price performance Concrete: down 41.0% YoY. Volumes decreased 41.7% Railroad: decreased 19.7% YoY. Volumes down 28.1%, while the
Slide 7: Business Performance
• Business Performance 6
Slide 8: Gross Profit & Margin
Gross Profit & Margin Consolidated gross profit declined 32.8% YoY, with gross margin contraction of 217 bps to 25.3% mainly due to lower sales volumes partially offset by positive price dynamics and lower depreciations. The margin contraction was more pronounced in the non-core segments. SG&A decre
Slide 9: Tighter EBITDA Margin Stable on Sequential Basis Despite Volume Contraction
Tighter EBITDA Margin Stable on Sequential Basis Despite Volume Contraction 42 Consolidated Adjusted EBITDA Million US$ 22.6 Cons. Adj. EBITDA Margin % Down 37.1% in 1Q24 when measured Down 360 bps. YoY in Ps. Stable on sequential basis Adjusted EBITDA & Margin By segments AR$ Million Adjusted Cemen
Slide 10: Bottom line; Financial performance
• Bottom line • Financial performance 9
Slide 11: Net Profit Boosted by Financial Gain
Net Profit Boosted by Financial Gain Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 37.1% YoY AR$ Million Total finance gain of Ps. 66.2 billion in 1Q24 compared to a net cost of Ps. 74 million in 1Q23 66,196 Foreign exchange loss of Ps. 8.3 billion in 1Q24, compared to
Slide 12: Solid Balance Sheet
Solid Balance Sheet Cash position and Investments of Ps. 5.8 billion and total debt at Ps. 183.1 billion as of end of 1Q24 Debt Maturity schedule (principal) Ps. USD US$ Million Net Debt of Ps. 177.2 billion (US$ 207 MM) Net Debt/ LTM Adj. EBITDA ratio down to 1.30x in 1Q24 compared with 1.40x in FY
Slide 13: 2024 Outlook
2024 Outlook 12
Slide 14: Outlook 2024
2024 Outlook The year started in a very challenging environment, marked by a significant drop in activity levels. Relying on our strengths and efficiencies, we reaffirm our conviction to bet on future development. The country has a huge growth potential to unlock and a significant infrastructure gap
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 March 31, 2024 2023 % Chg. Adjusted EBITDA reconciliation: Net profit (Loss) 50,703 20,200 151.0% (+) Depreciation and amortiza
Slide 17: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position (amounts expressed in millions of pesos, unless otherwise noted) SHAREHOLDER'S EQUITY As of March 31, As of December, 31 Capital stock and other capital related accounts 184,629 184,942 2024 2023 Reserves 250,764
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 March 31, 2024 2023 % Change Net revenue 114,851 157,435 -27.0% Cost of sales (85,814)
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 March 31, 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 50,703 20,200 Adjustments to reconcile net profit (lo
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 — Q1 2024 Earnings Presentation on 6ix