Loma Negra Compania Industrial Argentina Sa · BCBA:LOMA
Loma Negra Compania Industrial Argentina Sa — Q3 2024 Earnings Presentation
20 slides from Loma Negra Compania Industrial Argentina Sa's earnings presentation, 2024
Slide 1: 3Q24 Results Conference Call
3Q24-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: Sequential Volumes Recovery and Resilient Margin among 3Q24 Highlights
Sequential Volumes Recovery and Resilient Margin among 3Q24 Highlights Cement business Dispatches showed a significant sequential recovery. Although still below last year's levels, the worst of the recession is behind us. Financially, LOMA continues to display strong resilience, bolstered by effecti
Slide 4: Macro & Industry context; Revenues and Volumes
• Macro & Industry context • Revenues and Volumes 3
Slide 5: Moving in the Right Direction. Significant Sequential Recovery, Still below YoY
Moving in the Right Direction. Significant Sequential Recovery, Still below YoY Monthly Industry Cement Sales3 (‘000 tons) Industry Cement Sales by Type3 (%) 2019 2020 2021 2022 2023 2024 Bulk 38% +25% 3Q vs 2Q 62% Bag May Dec Mar Apr Feb Sep Nov Aug Oct Jun Jul Jan GDP Growth1 (YoY Growth, %) Const
Slide 6: Top line Contraction Decelerates; Sequential Volume Recovery Narrows YoY Gap
Top line Contraction Decelerates Sequential Volume Recovery Narrows YoY Gap Revenue Performance: Cement, masonry & lime: decreased 21.0% YoY, with volumes contracting 17.1% coupled with a softer price performance Concrete: down 29.7% YoY. Volumes decreased 22.2% Railroad: decreased 4.7% YoY. Volumes
Slide 7: Business Performance
• Business Performance 6
Slide 8: Gross Profit Margin Showed Slight Contraction
Gross Profit Margin Showed Slight Contraction Consolidated gross profit declined 23.5% YoY, with gross margin contraction of 69 bps to 22.6%. In the Cement Segment, tight cost control partially offset the softer top line performance, primarily due to the lower sales volumes, coupled with higher depr
Slide 9: Robust EBITDA Generation for the Quarter with Cost Control
Robust EBITDA Generation for the Quarter with Cost Control and Non-Core Businesses Supporting Margins 55 Consolidated Adjusted EBITDA Million US$ 24.0 Cons. Adj. EBITDA Margin % Down 18.5% in 3Q24 when measured Up 78 bps. YoY in Ps. By segments Adjusted EBITDA & Margin Cement, masonry cement and lim
Slide 10: Bottom line / Financial performance
• Bottom line • Financial performance 9
Slide 11: Operational Resilience and Financial Gain Support Net Profit
Operational Resilience and Financial Gain Support Net Profit Net Profit breakdown: Finance Gain (Costs), net Adjusted EBITDA decreased by 18.5% YoY AR$ Million Total finance gain of Ps. 12.6 billion in 3Q24 compared to a net cost of Ps. 4.9 billion in 3Q23 12,599 -4,884 Foreign exchange loss of Ps.
Slide 12: Robust Balance Sheet With Quarterly Deleveraging
Robust Balance Sheet With Quarterly Deleveraging Cash position and Investments of Ps. 13.7 billion and total debt at Ps. 185.6 billion as of end of Debt Maturity schedule (principal) 3Q24 Ps. USD US$ Million Net Debt of Ps. 171.9 billion (US$ 177 MM; down US$ 40 MM in the quarter) 75 Net Debt/ LTM A
Slide 13: 2024 Outlook
2024 Outlook 12
Slide 14: Outlook
Outlook Significant sequential improvement. However, the recovery is still in its early stages Loma has proven its resilience, delivering results even in very challenging scenarios. Positive evolution of key economic variables make us optimistic about the near future, where credit and FDI could play
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 Nine-months ended September 30, September 30, 2024 2023 % Chg. 2024 2023 % Chg. Adjusted EBITDA reconciliation: Net profit (Los
Slide 17: Balance Sheet
Balance Sheet Table 8: Condensed Interim Consolidated Statements of Financial Position (amounts expressed in millions of pesos, unless otherwise noted) As of September 30, As of December, 31 SHAREHOLDER'S EQUITY 2024 2023 Capital stock and other capital related accounts 245,724 245,880 Reserves 347,
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 Nine-months ended September 30, September 30, 2024 2023 % Change 2024 2023 % Change Net
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) Nine-months ended Three-months ended September 30, September 30, 2024 2023 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net Profit (Loss) 21,153
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 — Q3 2024 Earnings Presentation on 6ix