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 2019 Earnings Presentation
27 slides from Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB's earnings presentation, Apr 25, 2019
Slide 1: Results 1Q19, April 25, 2019
Exhibit 3 RESULTS1Q19 April 25, 2019
Slide 2: Forward-looking statements
Forward “could,” forward-looking assumptions materially but materials social and CEMEX’s market integrate technology does for criminal uncertainties contained pricing BASED its subsidiaries. our are regulations; not developments not products; cycles; initiatives, ON activities “continue,” work looki
Slide 3: Financial Results Summary 1Q19
Financial Results Colombia, respectively, Nicaragua and Guatemala during Guatemala Summary 1Q19 and YoY Our ElNet Salvador, EBITDA The Sales U.S.-dollar (US$M) were during more Operating appreciated thethan quarter offset EBITDA declined during by lower 1Q19 (US$M) by US$13 sales YoYMargin inversus
Slide 4: Consolidated volumes and prices
Consolidated (USD) volumes Colombia, in U.S.-dollar -9% inCosta Colombia, 1% Volumes terms Price Rica and (LtL1 and Guatemala andPrices 4%Rest )higher -2% ofDomestic and -1% CLH, in local-currency El Volume were Salvador, gray more -11% cement were than terms, 1%Ready-mix more offset Price reflectin
Slide 5: EBITDA Variation 3M19
EBITDA Variation 3M19 -19% 68 -9 4 -4 -2 1 -4 55 EBITDA Vol Price O. Costs Dist SG&A FX EBITDA 3M18 3M19 23.2% EBITDA Margin 3M18 -2.0pp 21.2% EBITDA Margin 3M19 5
Slide 6: Regional Highlights
REGIONAL HIGHLIGHTS 1Q 1 9 R e s u l t s
Slide 7: Results Highlights Colombia
Results Highlights Colombia
Slide 8: Colombia Results Highlights
Colombia vs. volume declined margin accounted 1Q18 declined and in 1Q19 –Results for U.S. price 4.5pp vs. dollar by performance 4Q18 Highlights 1.4pp, of and margin Cement higher local-currency Financial erosion during volumes 8% -3% 1Q19 8 Summary terms Ready-mix and ourprices, volumes byUS$ 13%as
Slide 9: Colombia Sector Highlights: Residential
Colombia segments segment, of 2% March and year-to-date was returned We –Residencial estimate offsettoby February positive that lower Sector cement volumes after by For6%, dispatches 6theconsecutive the full to the continuation year mid-to-high-income to2019, the months residential we of in expect t
Slide 10: Colombia Infrastructure Sector
Colombia during continue US$500 the million advancing –Infrastructure first quarter were at recently good of 2019, Sector pace, awarded our During forvolumes 2019, in2019, Bogotá wetowe estimate thisand expect sector should total industry were ready-mix begin supported cement construction volumes vo
Slide 11: Colombia Maceo Project Update
Colombia that everything access areroad subject –Maceo under to the toour plant domain Project control Operating extinction Update to getMaceo As these process already permits willfor disclosed, allow atand least usareto21 we optimistic optimize years recently This our that reached agreement costs w
Slide 12: Results Highlights Panama
Highlights Panama 2 = =| D i) oO SADE EEL E EEE EE EET ECEESE! Sess Ss MESRRRERERLEREEERE SEED
Slide 13: Panama Results Highlights
Panama 1Q18 weak cement relevant shutdown during 1Q19 demand –Results projects ofvs. 1Q19, kiln4Q18 was should 1Highlights done we due Cement estimate start during to high Financial soon -14% the that levels During 1Q18, 0% industry Summary ofReady-mix inventory the notdemand quarter, performed US$i
Slide 14: Panama Sector Highlights
Panama already the digits, urban the awarded –Sector renovation secondHighlights projects quarter of Colon worth hasWe an City, now more easier as expect than well baseUS$2 as our of the comparison Panama billion connection should cement because ofstart volumes the of metro’s construction thetoconst
Slide 15: Results Highlights Costa Rica
Results Highlights Costa Rica
Slide 16: Costa Rica Results Highlights
Costa 1Q19 1Q18 demand 2018, EBITDA prices, and Rica a declined bad-debt margin relevant –Results vs. 4Q18 improved by provision projects 9% Highlights Cement during 8.8pp, ramped-up made -20% 1Q19; Financial mainly last 1% year, our volumes Ready-mix Summary due cement and to lower during the volum
Slide 17: Costa Rica Sector Highlights
Costa during during Cañas-Limonal offset digits the Rica 2019 weakness –Sector For 2019 and the17 Highlights in Limonal-San rest theofresidential 2019, Considering we Gerardo, expect and the should the that industrial-and-commercial lower theprovide main industry driver volume demand of support; dem
Slide 18: Results Highlights Rest of CLH
Results Highlights Rest of CLH
Slide 19: Rest of CLH Results Highlights
Rest ofvs. 1Q19 decreased currency 4.9pp, mainly CLHterms 1Q18 by –Results 5% due declined 1Q19 during to higher vs. Highlights by the 4Q18 10% purchased-clinker quarter, Cement and Financial improved 6%,-5% respectively, Summary -4% costs cement Ready-mix inUS$ volumes improved Guatemala. Million -
Slide 20: Nicaragua Sector Highlights
Nicaragua projects unresolved sponsored 20 –Sector one yearHighlights funded after its byinitiation, multilateral Due to theand effect banks continues ofshould the to political continue take a toll unrest during in economic on 2Q19, the construction but activity thereand issector, no cement visibili
Slide 21: Guatemala Sector Highlights
Guatemala 21%, cement volumes during demand to –Sector the theresidential increased quarter, Highlights the sector in decline theWe mid- 21expect intoready-mix high- our cement single volumes digits volumeswas during indue Guatemala the to quarter, a high to base supported increase of comparison in
Slide 22: Other Information
OTHER INFORMATION 1Q 1 9 R e s u l t s
Slide 23: Free Cash Flow
Freefrom cash US$45 fine achieved 15, paid Cash items million, negative in due Flow (net) Colombia to to the -1 US$ 10 US$17 26 reduction during Million -during Free million the cash 1Q18, 1Q19 in same debt flow during 1Q18 both made period discontinued this of %during which var of quarter last Oper
Slide 24: Income Statement
Income Statement earnings compared 24 before to positive other Items US$19 expenses, Our million controlling net, and during lower interest 1Q18. other netInincome income, both cases, reached net, the partially positive US$16 offset million effect by is lower during due to financial the thequarter,
Slide 25: Consolidated Debt
Consolidateddebt + subsidiaries Interest 255 bpsRate 194 ofVariable Intercompany CEMEX, as ofFixed March S.A.B. 59% USD 31, de41% 2019 Fixed C.V.25 US$ US$835 5.65% Million 480 M total Other 480 debt 324 debt 7Our 2019 (Leases) total 2020 debt 242021 Average reflects 2022US$24 Cost 2023/ Total Type
Slide 26: 2019 Guidance
2019 Guidance Ready US$35 -M Mix Strategic Aggregates Volume Capex YoY% -12% US$7 to Colombia M -8% Consolidated -6%Panama to -4%Cash Costa 5% totaxes Rica 7% Consolidated US$66 CementMReady 26 volumes: - Mix Aggregates - Cement: -4% 0% toto1% -2%1% - Ready-mix: to 3% 1% to-2% 3%toCement 0% - Aggreg
Slide 27: Results 1Q19, April 25, 2019
RESULTS 1Q19 A p r i l 2 5 , 2 0 1 9