The following is a summary of the Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Loma Negra reported a decline in third-quarter revenue, amounting to ARS 180.7 billion, a 21.2% decrease, primarily due to lower cement dispatches.

• Adjusted EBITDA was $55 million or ARS 43 billion, down 18.5% year-over-year, with an EBITDA margin of 24%, reflecting an improvement of 78 basis points over the prior year.

• The company's net debt stood at $177 million, with a net debt-to-EBITDA ratio of 1.03x.

Business Progress:

• Loma Negra is focusing on optimizing its production strategy, including the strategic halting of some kilns and better management of thermal and electrical energy inputs.

• Significant investment and focus on the 25-kilogram bag project alongside maintenance capabilities.

Opportunities:

• The gradual recovery of real wages, the downward trend in inflation, lower interest rates, and improving economic conditions could enable a better credit environment, potentially boosting construction activities.

• Loma Negra anticipates opportunities for growth in public works and private sector construction projects.

Risks:

• Persistence of challenging macroeconomic conditions despite signs of recovery, affecting demand for construction materials.

• The mix of bulk and bag cement dispatches remains under pressure, reflecting ongoing variability in larger construction project starts and demand.

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