Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q1 2019 Earnings Presentation
17 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2019
Slide 1: 1Q19 Results Conference Call
1Q19 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 continues to deliver adjusted EBITDA growth and margin expansion in 1Q19
Loma Negra continues to deliver adjusted EBITDA growth and margin expansion in 1Q19 Argentina Cement volumes still impacted by economic slowdown, Paraguay and Concrete continues to present growing volumes; favorable pricing dynamics As reported results reflect the application of IAS 29 (Hyperinflati
Slide 4: Industry demand weakens further due to more challenging macro dynamics
… even as industry demand weakens further due to more challenging macro dynamics GDP Growth1 (YoY Growth, %) Construction Activity2 (YoY Growth, %) 4.1 14.4 2.9 2.5 2.4 2.2 7.0 0.7 0.0 -0.1 -3.8 -6.4 -5.3 -15.7 -12.3 -15.9 -1.3 -20.6 -2.2 -3.8 -3.7 -6.2 -2.6 -2.5 1Q18 2Q18 3Q18 4Q18 2019e 2020e 2021
Slide 5: Revenues up 3.6%, despite softer Cement sales volumes
Revenues up 3.6%, despite softer Cement sales volumes Revenue Performance: Argentine cement: declined 0.9% YoY. Volumes contraction of 13.4% partially offset by healthy pricing environment Concrete: rose 10.6% YoY. Volumes up 1.8% mainly sustained by infrastructure works execution Paraguay cement: u
Slide 6: Gross Profit up 28.6% with 560 bps margin expansion
Gross Profit up 28.6% with 560 bps margin expansion Consolidated gross profit up 28.6% YoY, with gross margin expanding 560 bps to 28.8% mainly driven by Cement in Argentine and Paraguay Argentine cement gross margin expanded, benefitting from favorable price environment and cost control SG&A as a %
Slide 7: Adjusted EBITDA up 17.9% YoY with strong margin expansion of 347 bps
Adjusted EBITDA up 17.9% YoY with strong margin expansion of 347 bps Consolidated Adjusted EBITDA up 17.9% YoY in 1Q19 driven by strong growth in core cement in Argentina and Paraguay, and coupled by improvements in Concrete and Railroad segments Consolidated Adjusted EBITDA Margin expanded 347 bps
Slide 8: Profit before taxes up 34.2% YoY and Net profit up 47.7%
Profit before taxes up 34.2% YoY and Net profit up 47.7% Net Profit was affected by: Finance Costs, net Adjusted EBITDA increased 17.9% YoY AR$ Million Total finance loss net of Ps.134 million in 1Q19 compared to a loss of Ps.73 million in 1Q18 -73 -134 Foreign exchange loss of Ps.161 million in 1Q1
Slide 9: Robust balance sheet and sound debt profile
Robust balance sheet and sound debt profile Cash position of Ps.1.5 billion and total debt at Ps.6.4 billion in March ‘19 Debt by Currency Net Debt of Ps.4.9 billion (US$ 113 million) at March ´19 US$ Net Debt/ LTM Adj. EBITDA ratio of 0.59x in 1Q19 compared with 0.43 in Dec.18 46% Ps. Operating cas
Slide 10: Looking into 2019
Looking into 2019 We remain focused on delivering strong results, leveraging our leadership position while seeking productivity gains Cement demand expected to recover by mid-year on the back of overall economic turn around L’Amalí plant expansion on track. Completion update for 2Q20. Healthy cash f
Slide 11: Questions & Answers
Questions & Answers
Slide 12: Exhibit: Summary Financial Statements
Exhibit: Summary Financial Statements
Slide 13: Adjusted EBITDA Reconciliation & Margin
Adjusted EBITDA Reconciliation & Margin Table 4: Adjusted EBITDA Reconciliation & Margin (amo unts expressed in millio ns o f peso s, unless o therwise no ted) Three-months ended March 31, 2019 2018 % C hg. Adjusted EBITDA reconciliation: Net profit 1,067 723 47.7% (+) Depreciation and amortization
Slide 14: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position as of March 31, 2019 (unaudited) (amounts expressed in millions of pesos, unless otherwise noted) As of March 31, As of December 31, 2019 2018 ASSETS SHAREHOLDERS' EQUITY C apital stock and other capital related a
Slide 15: 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, 2019 2018 % Change Net revenue 7,438 7,176 3.6% Cost of sales (5,293) (5,509)
Slide 16: Statement of Cash Flows
Statement of Cash Flows Table 10: Condensed Interim Consolidated Statement of Cash Flows for the Three-months Ended March 31, 2019 and 2018 (unaudited) (amounts expressed in millions of pesos, unless otherwise noted) Three-months ended March 31, 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES Net pro
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
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