2024年第三季度成果展示 位于美国旧金山的Mission Rock,采用Vertua混凝土建造,属于我们可持续产品系列Vertua,具有可持续属性。照片由Mission Rock Partners提供
Except as the context otherwise may require, references in this presentation to “Cemex,” “we,” “us,” or “our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated entities. The information included in this presentation contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. We intend these forward-looking statements to be covered by the “safe harbor” provisions for forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements and information are necessarily subject to risks, uncertainties, and assumptions, including but not limited to statements related to Cemex’s plans, objectives, and expectations (financial or otherwise), and typically can be identified by the use of words such as “will,” “may,” “assume,” “might,” “should,” “could,” “continue,” “would,” “can,” “consider,” “anticipate,” “estimate,” “expect,” “envision,” “plan,” “believe,” “foresee,” “predict,” “potential,” “target,” “strategy,” “intend,” “aimed” or other similar forward-looking words. These forward-looking statements reflect, as of the date such forward-looking statements are made, unless otherwise indicated, our current expectations and projections about future events based on our knowledge of present facts and circumstances and assumptions about future events. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to be correct, and actual results may vary materially from historical results or those anticipated by forward-looking statements due to various factors. Among others, such risks, uncertainties, and assumptions that could cause results to differ, or that otherwise could have an impact on us, include those discussed in Cemex’s most recent annual report and those detailed from time to time in Cemex’s other filings with the Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, including, but not limited to: changes in general economic, political and social conditions, including new governments, elections, changes in inflation, interest and foreign exchange rates, employment levels, population growth, consumer confidence and the liquidity of the financial and capital markets, in Mexico or other countries in which we operate; the cyclical activity of the construction sector and reduced construction activity in our end markets; our exposure to sectors that impact our and our clients’ businesses, particularly those operating in the commercial and residential construction sectors, and the infrastructure and energy sectors; volatility in pension plan asset values and liabilities, which may require cash contributions to the pension plans; changes in spending levels for residential and commercial construction; the availability of short-term credit lines or working capital facilities, which can assist us in connection with market cycles; any impact of not maintaining investment grade debt rating on our cost of capital and on the cost of the products and services we purchase; availability of raw materials and related fluctuating prices of raw materials, as well as of goods and services in general, in particular increases in prices as a result of inflation; our ability to maintain and expand our distribution network and maintain favorable relationships with third parties who supply us with equipment and essential suppliers; competition in the markets in which we offer our products and services; the impact of environmental cleanup costs and other remedial actions, and other liabilities relating to existing and/or divested businesses; our ability to secure and permit aggregates reserves in strategically located areas; the timing and amount of federal, state, and local funding for infrastructure; changes in our effective tax rate; our ability to comply and implement technologies that aim to reduce CO2 emissions in jurisdictions with carbon regulations in place; the legal and regulatory environment, including environmental, energy, tax, antitrust, human rights and labor welfare, acquisition-related rules and regulations; the effects of currency fluctuations on our results of operations and financial conditions; our ability to satisfy our obligations under our material debt agreements, the indentures that govern our outstanding notes, and our other debt instruments and financial obligations, including our subordinated notes with no fixed maturity; adverse legal or regulatory proceedings or disputes, such as class actions or enforcement or other proceedings brought by government and regulatory agencies; our ability to protect our reputation; our ability to consummate asset sales, fully integrate newly acquired businesses, achieve cost-savings from our cost- reduction initiatives, implement our pricing initiatives for our products, and generally meet our business strategy’s goals; the increasing reliance on information technology infrastructure for our sales, invoicing, procurement, financial statements, and other processes that can adversely affect our sales and operations in the event that the infrastructure does not work as intended, experiences technical difficulties, or is subjected to invasion, disruption, or damage caused by circumstances beyond our control, including cyber-attacks, catastrophic events, power outages, natural disasters, computer system or network failures, or other security breaches; climate change, in particular reflected in weather conditions, including but not limited to excessive rain and snow, and disasters such as earthquakes and floods, that could affect our facilities or the markets in which we offer our products and services or from where we source our raw materials; trade barriers, including tariffs or import taxes and changes in existing trade policies or changes to, or withdrawals from, free trade agreements, including the United States-Mexico-Canada Agreement; availability and cost of trucks, railcars, barges, and ships, as well as their licensed operators and drivers, for transport of our materials; labor shortages and constraints; our ability to hire, effectively compensate and retain our key personnel and maintain satisfactory labor relations; our ability to detect and prevent money laundering, terrorism financing and corruption, as well as other illegal activities; terrorist and organized criminal activities, social unrest, as well as geopolitical events, such as hostilities, war, and armed conflicts, including the current war between Russia and Ukraine and conflicts in the Middle East; the impact of pandemics, epidemics, or outbreaks of infectious diseases and the response of governments and other third parties, which could adversely affect, among other matters, the ability of our operating facilities to operate at full or any capacity, supply chains, international operations, availability of liquidity, investor confidence and consumer spending, as well as the availability of, and demand for, our products and services; changes in the economy that affect demand for consumer goods, consequently affecting demand for our products and services; the depth and duration of an economic slowdown or recession, instability in the business landscape and lack of availability of credit; declarations of insolvency or bankruptcy, or becoming subject to similar proceedings; and, natural disasters and other unforeseen events (including global health hazards such as COVID-19). Many factors could cause Cemex’s expectations, expected results, and/or projections expressed in this presentation not being reached and/or not producing the expected benefits and/or results, as any such benefits or results are subject to uncertainties, costs, performance, and rate of implementation of technologies, some of which are yet not proven. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from historical results, performance, or achievements and/or results, performance or achievements expressly or implicitly anticipated by the forward-looking statements, or otherwise could have an impact on us or our consolidated entities. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. Actual results of Cemex’s operations and the development of market conditions in which Cemex operates, or other circumstances or assumptions suggested by such statements may differ materially from those described in, or suggested by, the forward-looking statements contained herein. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate and the factors identified above are not exhaustive. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. These factors may be revised or supplemented and the information contained in this presentation is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct the information contained in this presentation or revise any forward-looking statement that it may make from time to time, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Readers should review future reports filed by us with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores). Market data used in this presentation not attributed to a specific source are estimates of Cemex and have not been independently verified. Certain financial and statistical information contained in this presentation is subject to rounding adjustments. Accordingly, any discrepancies between the totals and the sums of the amounts listed are due to rounding. Unless otherwise specified, all references to records are internal records. This presentation includes certain non-IFRS financial measures that differ from financial information presented by Cemex in accordance with IFRS in its financial statements and reports containing financial information. The aforementioned non-IFRS financial measures include “Operating EBITDA (operating earnings before other expenses, net plus depreciation and amortization)” and “Operating EBITDA Margin”. The closest IFRS financial measure to Operating EBITDA is “Operating earnings before other expenses, net”, as Operating EBITDA adds depreciation and amortization to the IFRS financial measure. Our Operating EBITDA Margin is calculated by dividing our Operating EBITDA for the period by our revenues as reported in our financial statements. We believe there is no close IFRS financial measure to compare Operating EBITDA Margin. These non-IFRS financial measures are designed to complement and should not be considered superior to financial measures calculated in accordance with IFRS. Although Operating EBITDA and Operating EBITDA Margin are not measures of operating performance, an alternative to cash flows or a measure of financial position under IFRS, Operating EBITDA is the financial measure used by Cemex’s management to review operating performance and profitability, for decision-making purposes and to allocate resources. Moreover, our Operating EBITDA is a measure used by Cemex’s creditors to review our ability to internally fund capital expenditures, service or incur debt and comply with financial covenants under our financing agreements. Furthermore, Cemex’s management regularly reviews our Operating EBITDA Margin by reportable segment and on a consolidated basis as a measure of performance and profitability. These non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. Non-IFRS financial measures presented in the reports, presentations, and documents to be disclosed during Cemex’s third quarter 2024 results conference call and audio webcast presentation are being provided for informative purposes only and shall not be construed as investment, financial, or other advice. Also, this presentation includes statistical data regarding the production, distribution, marketing and sale of cement, ready-mix concrete, clinker, aggregates, and Urbanization Solutions. Cemex generated some of this data internally, and some was obtained from independent industry publications and reports that Cemex believes to be reliable sources. Cemex has not independently verified this data nor sought the consent of any organizations to refer to their reports in this presentation. Cemex acts in strict compliance of antitrust laws and as such, among other measures, maintains an independent pricing policy that has been independently developed and its core element is to price Cemex’s products and services based upon their quality and characteristics as well as their value to Cemex’s customers. Cemex does not accept any communications or agreements of any type with competitors regarding the determination of Cemex’s prices for Cemex’s products and services. Unless the context indicates otherwise, all references to pricing initiatives, price increases or decreases, refer to Cemex’s prices for Cemex’s products. Additionally, the information contained in this presentation contains references to “green,” “social,” “sustainable,” or equivalent-labelled activities, products, assets, or projects. There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a ‘green’, ‘social,’ or ‘sustainable’ or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as ‘green’, ‘social,’ or ‘sustainable’ or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as ‘green,’ ‘social,’ or ‘sustainable’ or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time. UNLESS OTHERWISE NOTED, ALL FIGURES ARE PRESENTED IN DOLLARS, BASED ON INTERNATIONAL FINANCIAL REPORTING STANDARDS, AS APPLICABLE Copyright Cemex, S.A.B. de C.V. and its subsidiaries
关键亮点 ~90%的EBITDA预计在非核心资产销售中达到 ~$22亿 在美国、欧洲产生的净利润增长,2024年第三季度同比增长超过200%,墨西哥发帖后资产剥离EBITDA环比下降9%,同比下降 由于天气导致的增长投资在2024年第三季度产生了 -3%的年初至今减少,13%的EBITDA在2024年第三季度CO排放 2 西麦斯领导的财团被选中,西麦斯荣获《财富》2024年EU创新杂志的资金用于在CX 2 Rüdersdorf工厂进行CO捕集的改变世界名单。
3Q24:业绩受天气、外汇期货和更高固定成本影响 净销售额 EBITDA EBITDA FCF 在毛利维护后 Capex -3% 同比 -9% 同比 -1.4个百分点 -6% -13% 4,364 861 19.7% 4,090 475 18.3% 747 420 114 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q24 1 调整后 12,528 12,389 2,444 2,398 19.5% 19.4% 697 154 537 9M24:-1% 同比 -2% 同比 -0.1个百分点 数百万美元 1)调整后支付3Q24的30600万和9M24的38300万,涉及西班牙的税收罚款 Loan Depot Park,美国迈阿密 4
受天气影响的成交量;欧洲恢复增长模式 3Q24 综合成交量 同比 % 成交量增长 同比 % 成交量增长(环比) 2% -1% 0% 美国 -6% 欧洲 -2% -11% -4% -3% -6% 2% 墨西哥 -4% 0% 欧洲、中东、非洲 -7% -7% -4% 1 水泥 预拌混凝土 -2% Aggregates SCAC -3% -6% 5 1) 国内灰水泥
尽管成交量背景下,价格仍然弹性良好。24年第3季度,欧洲、中东、非洲综合价格 环比价% 24年第3季度(年同比)1% 3% 3% 2% 2% 欧洲 2% 1% 0% 0% 美国 0% 1% -1% -2% -1% -1% 0% 0% -1% 5% 2% 3% 1% 墨西哥 欧洲、中东、非洲 -3% -1% 串联(24年第2季度至24年第3季度) 0% 0% -1% -3% -2% 1% 1 水泥 10% 预拌混凝土 7% 3% 骨料 SCAC -2% -1% 9% 1)国内普通 水泥 6 注意:西麦斯和所有地区的价格均按恒定外汇汇率的成交量加权平均计算。
EBITDA绩效主要由成交量解释 3Q24 EBITDA 瀑布图 -9% -13% 861 -75 72 780 -90 7 -4 8 -34 747 3Q23 成交量 价格 成本 增长 城市化 其他 3Q24 外汇期货 3Q24 投资 解决方案 l-t-l 报告的 EBITDA 19.7% 18.3% -1.4pp 毛利成本 作为 65.9% 67.2% +1.3 pp 销售额的百分比 700万美元的销售额
城市化解决方案:毛利增长由高毛利掺合剂和砂浆业务推动 EBITDA重点:数百万美元 收购了Heim的循环业务的大部分股权 l-t-l掺合剂:柏林EBITDA合并: 1 偏高 >35% 的毛利,带有两位数的EBITDA 40万吨的CDEm -3% • 重新利用骨料以促进增长 89混凝土生产86 • 德国第一家将CDEm永久储存的砂浆工厂:墨西哥增长和欧洲、中东、非洲永久质量和CO在再生矿物中的定价策略2创新产品废物 循环:美国副产品增长迅速,并在欧美CDEm活动增加 13.8%至15.5% 菌世界的空间 8 1)建筑、拆除和采掘材料
“减少后捕获”策略 西麦斯牵头的CCUS联盟 同时为净零创新,获得了来自欧盟创新基金的15700万欧元资助 范围1 范围2 -15% -15% 620 -3% -4% 54.8 540 48.6 526 46.5 24.0 430 2020 9M23 9M24 2030 2020 9M23 9M24 2030 • 德国Rüdersdorf水泥厂 目标 目标 • 西麦斯迄今为止最大CCUS项目 加速脱碳:3年内完成 • 与linde合作,过去需要15年的工作 • 目标是每年捕获130万吨二氧化碳 2 每吨水泥产生公斤二氧化碳。 范围1与净排放有关。 2 所有信息不包括菲律宾、多米尼加共和国和危地马拉。 1) 资金拨款以成功完成拨款准备过程及签署欧盟拨款协议为前提 西麦斯的Rüdersdorf水泥厂,德国
Vertua产品正在广泛获得认可 水泥混凝土 +8pp +8pp 63% 55% 55% 47% 38% 33% 总体销量的比例 2022年 2023年 截止2024年第三季度 2022年 2023年 截止2024年第三季度 巴黎大皇宫公路 任务罗克修复曼特-奥坎波-图拉 巴黎,法国 墨西哥坦皮科州 圣弗朗西斯科,美国 • 专门回收的具有可持续属性的混凝土 • 连接墨西哥北部和中部的107 公里道路 • 28英亩的混合用途设施,带有骨料,完全由可持续属性的拉丁美洲最长隧道的美洲西麦斯门户进行管理 10
资产出售所得用于重点投资增长,重点关注美国 资本平衡今年来资产出售分配框架自由现金流增长投资菲律宾(重点美国)$80000万 增长投资自由现金流多米尼加共和国$95000万 约$22亿 分红派息和危地马拉 股东回报 股份回购$20000万 资产出售资产出售 债务去杠杆还债 Neoris $20900万 资金来源资金用途 以百万美元为单位 菲律宾、多米尼加共和国和Neoris,交易完成需满足交易条件和价格调整。预计在2024年年底前或 之后不久。11
过去三年交付了14%的EBITDA复合年增长率,2020-2028年间有望实现~30亿美元的投资组合,到2028年有望实现约70000万美元的EBITDA,其中有10%来源于有机增长,2020-2023年间已完成11亿美元的增长投资,平均IRR为35%,2020-2023年的EBITDA倍数为3.4倍。所有时期都不包括Neoris、菲律宾、多米尼加共和国和危地马拉等国,单位均为美元百万。
近期投资突出我们的优先事项 水泥骨料 水泥 大西洋块体 终端 终端 矿产 美国 美国 美国 加拿大/美国 内部收益率: 44% 内部收益率: 166% 内部收益率: 13% 内部收益率: 70% 佛罗里达块体厂 洛克兰新终端,FL 特沃斯扩展 TX 骨料采石场 替代废物循环性 HEI 资产 燃料 管理 西班牙 法国 墨西哥 墨西哥 内部收益率: 58% 内部收益率: 23% 内部收益率: 126% 内部收益率: 20% 2个石灰石采石场和3个垃圾衍生燃料系统在Huichapan CDEm在Gennevilliers Broquers Ambiental收购预拌混凝土厂 水泥 骨料 城市化解决方案 1) 施工、拆除和挖掘材料 13 2) 垃圾衍生燃料
哥伦比亚麦德林的区域型亮点,具有住宅感觉 14
墨西哥:受产量和一次性电力成本影响,截至今年的结果达到了以百万美元计算的量 3Q24 3Q24 销售额 1,136 3,831 YoY百分比 (上年同期) (5%) 3% EBITDA 319 1,193 YoY百分比 (上年同期) (8%) 5% EBITDA利润率 28.1% 31.1% pp变动 (1.2pp) 0.7pp • 预期在六月政府选举后施工活动减速 • 记录降雨量进一步影响产量(同比增加50%) • EBITDA和利润率的同比增减取决于天气影响和电力成本暂时上升,预计到2025年随着业务迁移到新的 电力供应,情况将逆转 • 水泥和混凝土价格上涨了个位数,部分抵消了不利的货币波动和电力成本 • 由于临近外包和基础设施制造行业的增长,混凝土搅拌料订单簿呈强劲增长 特尔玛区,墨西哥维拉克鲁斯,墨西哥用Hidratium混凝土建造的15
美国:尽管极端天气影响,EBITDA利润率依然坚韧 百万美元 3Q24 3Q24 销售额 1,335 3,961 同比(同店)(4%) (3%) EBITDA 258 792 同比(同店)(4%) (1%) EBITDA 利润率 19.3% 20.0% RMX & pp 变化 0.0pp 0.3pp CEm Urb. Sol. 29% 35% 9M24 EBITDA • 运营受到极端天气条件的影响,包括三场主要飓风和高于平均水平的降水和洪水 • 不利天气对EBITDA的影响估计为1700万美元,解释了同比EBITDA的变化 • 尽管成交量动态,EBITDA利润率依然令人印象深刻 • 砂石现在是美国盈利能力的最大贡献者,占EBITDA的36%,毛利率超过30% • 与Couch Aggregates公司成立合资企业,以加强和扩展我们在东南部的砂石储备 普诺拉马塔架,迈阿密,美国 16
欧洲、中东、非洲:正经历转折点,欧洲在年初领先反弹 百万美元 3Q24 3Q24 销售额 1,243 3,476 同比增长(逐季增长) 1% (5%) 息税折旧及摊销前利润(EBITDA) 201 460 同比增长(逐季增长) 0% (14%) EBITDA利润率 16.2% 13.2% 中东及非洲区域增加 (0.2pp) (1.6pp) 19% 9M24 • 在连续3个季度下降后,欧洲EBITDA保持稳定 EBITDA • 欧洲报告的EBITDA利润与成交量首次在过去9个季度增长81% 欧洲 • 东欧持续增长,而西欧受益于改善的经济活动和较低的利率 • 我们在整个欧洲地区三种核心产品的价格稳定 • 在应对气候变化方面,Cemex欧洲在水泥每吨二氧化碳排放(YTD)上创下新纪录,减少了5% • 在中东及非洲,由于埃及的定价机制和以色列的施工活动的提高,EBITDA有所增加 杜塔公寓,法国巴黎,由Vertua Concrete建造,是我们Vertua系列产品的一部分,具有可持续属性 17
SCAC: 天气和更高的维护费用解释了截至今年的表现,以百万美元计算 3Q24 3Q24 销售额 311 939% 同比增长 (l-t-l) (1%) 0% EBITDA 48 177% 同比增长 (l-t-l) (27%) 2% EBITDA 利润率 15.4% 18.8% pp 变化 (5.4pp) 0.1pp 38% 其余 9M24 EBITDA 37% • 季度业绩受到两场飓风和哥伦比亚的运输罢工的影响,预计联合 EBITDA 影响为 $700万 TCL 25% COL • EBITDA 和 EBITDA 利润率的变化受到产量和更高维护费用的推动 • 我们的产品价格上涨了 3% 至 10% • 西麦斯 中标波哥大地铁 80% 的产量 • 多米尼加共和国和危地马拉业务被重新分类为已中止运营 Salvio Departments,哥伦比亚波哥大 18
克罗地亚佩列沙茨桥在Pelješac建成 使用Vertua Concrete,这是我们Vertua系列产品中具有可持续属性的一部分
在不利需求动态下表现强劲的经营,在9M24相对于9M23的自由现金流,在维护资本支出后为697 46 29 19 24 1 149 537 383 154 9M23 EBITDA 维护净财务工作税金 其他现金9M24 非维护资本支出后的自由现金流在项目 (净)调整后重复资本支出后维护的净现金流在维护资本支出后的非重复项目 出口净现金流 • 利润性平稳情况下的YTD EBITDA和边际受有利的定价/成本动态驱动 • YTD的燃料成本按每吨水泥计算减少23% • 我们的约80% 可套期燃油和运费暴露度已为2024年套期,大约60%为2025年 • 影响维护资本支出后的自由现金流的非经常性项目为38300万美元 • 墨西哥比索对冲策略通过在年初降低18500万美元的债务水平,有利于我们的杠杆率百万美元 20
2024展望 吉尔伯特·查布鲁学校,法国里昂 与Insularis共同建造, 是我们Vertua产品系列的一部分,具有可持续特性
2024年指导 2 EBITDA 低个位数%的下降 能源每吨水泥生产成本 高个位数%的下降 总资本支出约为15亿美元 维护支出约为95000万美元 在营运资本的战略投资中减少约30000万美元 包含约90000万美元的现金税款特别支付 西班牙税务罚款 3 债务成本持平 1)反映西麦斯截至2024年10月28日的预期 2)对比当前运营,假设2024年剩余时间外汇期货水平为2024年9月30日的水平 3)包括没有固定到期日的次级票据的票息和我们墨西哥比索-美元交叉货币掉期的影响 22
2025年及以后美国财政刺激和扩张性货币政策,预计将带来有利的需求驱动因素。对于2个新当选政府的政策有更明确的了解,近岸和气候行动支出,支持性制造行业和住房支出23。
普埃布拉国际巴洛克博物馆,墨西哥
城市化解决方案运营EBITDA销售增长+7% l-t-l +0% l-t-l +0% +7% 1,838 276 15% 23% 循环利用 1,834 258 14% 13% 工业化 16% 21% 施工 15% 24% 16% 49% 相关 24% 服务 49% 41% 性能 39% 22% 材料 20% 截至2023年第三季度 截至2024年第三季度 截至2023年第三季度 截至2024年第三季度 运营EBITDA 14.1% 15.0% 边际 +0.9百分点 按地域 4% 6% 47% 28% 21% 35% 30% 29% 截至2024年第三季度 墨西哥 美国 欧洲、中东、非洲 SCAC 百万美元 加尔萨加西亚城,墨西哥 25
截至2024年9月30日,主要银行贷款协议的债务到期情况 其他银行债务 2024年9月30日的总债务:$751200万 固收 租赁的平均债务期限:4.3年 1,469 1,346 1,250 1,009 946 830 517 145 2024 2025 2026 2027 2028 2029 2030 2031年之美元总额 26
合并成交量和价格 2024年第三季度与2024年第三季度与2023年第三季度 2024年第三季度与2024年第二季度 2023年第三季度 成交量 (2%) (4%) (4%) 国内水泥价格 (美元) 2% (3%) (6%) 水泥价格(同店比较) 3% 2% (2%) 成交量 (9%) (6%) 2% 预拌混凝土价格 (美元) 4% (1%) (3%) 价格(同店比较) 4% 1% (1%) 成交量 (2%) (2%) 0% 骨料价格 (美元) 3% 1% (2%) 价格(同店比较) 3% 2% (1%) 价格(同店比较)在以固定汇率按成交量加权平均基础上计算 27
关于债务的其他信息 墨西哥比索 3% 第三季度 第二 5% 2023年 2024年 % 变量 2024 欧元 1 19% 7,492 7,512 0% 7,553 总债务 3 货币 短期 4% 5% 4% 面额 美国 开多 96% 95% 96% 美元 73% 现金及现金等价物 533 422 (21%) 425 净债务 6,960 7,090 2% 7,128 2 6,982 7,191 3% 7,208 合并净债务 2 2.16 2.22 2.13 合并杠杆比率 变量 2 32% 7.62 7.28 7.72 合并覆盖比率 3 利率 固定 68% 百万美国美元。 1)包括根据国际财务报告准则的租赁, 2)根据我们的主要银行债务协议下的合同义务计算, 3)包括我们的利率和跨货币衍生品的影响,视情况而定 28
关于债务的额外信息 按工具分类的总债务第二季度 2024年第三季度2024年总数的百分比总额的百分比固收3,777占总数的50%3,750占总数的50%主要银行债务协议2,488占总数的33%2,434占总数的32%租赁占总数的16%1,160占总数的15%的32%其他115占总数的2%168占总数的2%总债务7,5537,512的百分比的15%的2%百万美元29
3Q24 成交量和价格总结:选定国家和地区 国内 灰水泥 预拌混凝土 骨料 3Q24 对比 3Q23 3Q24 对比 3Q23 3Q24 对比 3Q23 成交量 价格(美元) 价格(LC) 成交量 价格(美元) 价格(LC) 成交量 价格(美元) 价格(LC) 墨西哥(7%)(9%) 3% (4%)(8%) 5%(7%)(15%)(3%) 美国(6%)2%2%(11%)3%3%(1%)3% 3% 欧洲、中东、非洲(EMEA) 2% 1% 2% (4%)1%(1%)0% 3%1% 欧洲 2% 3%(0%)(3%) 2%(0%)(0%) 4%1% 中东非洲(MEA) 0%(18%)21%(5%)(1%)(2%)1%(1%)(3%) SCAC(中国、东南亚、澳洲、中国) (3%)1%3%(2%)7%10%(6%)5%7% 以成交量加权平均的方式计算的欧洲、中东、非洲、欧洲和SCAC的价格(LC) - 汇率恒定条件下 30
YTD 3Q24 成交量和价格总结:精选国家和地区 国内 灰水泥 预拌混凝土 骨料 YTD 3Q24 vs. YTD 3Q23 YTD 3Q24 vs. YTD 3Q23 YTD 3Q24 vs. YTD 3Q23 成交量 价格(USD) 价格(LC) 成交量 价格(USD) 价格(LC) 成交量 价格(USD) 价格(LC) 墨西哥 2% 2% 3% (0%) 6% 8% 1% 4% 6% 美国 (7%) 3% 3% (12%) 6% 6% 2% 2% 2% 欧洲、中东、非洲 (1%) (0%) 1% (11%) (0%) (1%) (8%) 2% 1% 欧洲 (2%) 2% 1% (7%) (1%) (2%) (8%) 3% 2% 中东非洲 3% (11%) 16% (16%) (2%) (1%) (8%) (3%) (3%) 南中美洲 (2%) 6% 4% (6%) 19% 12% (3%) 9% 3% 欧洲、中东、非洲、南中美洲的价格(LC)按成交量加权平均值在恒定外汇汇率的基础上计算 31
2024年成交量指导:选定国家/地区 水泥 预拌混凝土 骨料 低个位数下降 中个位数下降 低个位数下降 西麦斯 持平 低至中个位数增长 低个位数增长 墨西哥 中个位数下降 两位数下降 低个位数下降 美国 持平至低个位数增长 中个位数下降 中个位数下降 欧洲、中东、非洲 欧洲 持平 中个位数下降 中个位数下降 中东和北非 持平至低个位数增长 中个位数下降 中个位数下降 南美 劳工低个位数下降 低个位数下降 不适用 1)反映了西麦斯截至2024年10月28日的预期。按相同基础计量的成交量。所有成交量指导均以百分比形式表示与2023年相比。
相关可持续发展因子今年迄今为止 客户和供应商 2023第三季度2024第三季度 碳策略 2023 第三季度2024第三季度 净推荐得分(NPS)73 70 73 526 千克CO2每吨水泥 540 539 265% 65% 64% 销售额使用CX Go替代燃料的百分比 40.0% 38.8% 37.5% 72.8% 72.7% 71.9% 年度熟料销售占比 低碳产品 2023 健康与安全 2023 第三季度2024第三季度 第三季度2024第三季度 混凝土占总量的百分比 3 3 1 雇员死亡率80% 80% 81% 水泥生产的员工受伤率 0.6 0.6 0.6 Vertua混凝土占总量的百分比 47% 47% 55% 报告零死亡和96%的受伤的运营情况的企业百分比 Vertua水泥占总量的百分比 55% 55% 63% 33
销售与EBITDA信息调整为截至3Q24的停止运营数据 金额以千美元计算,此信息为方便读者而呈现。销售额 3Q23 4Q23 1Q24 2Q24 3Q24 墨西哥 1,360,542 1,305,016 1,314,212 1,381,218 1,135,999 美国 1,393,659 1,268,722 1,233,975 1,391,962 1,334,683 欧洲、中东和非洲 1,227,720 1,096,955 1,045,116 1,188,226 1,242,949 欧洲 934,245 848,724 808,478 970,705 969,707 中东和非洲 293,475 248,231 236,638 217,521 273,242 南美、中美和加勒比地区 319,390 308,200 304,249 323,547 311,434 其他和公司间消除 62,562 47,783 44,941 71,706 64,608 合计 4,363,873 4,026,676 3,942,493 4,356,660 4,089,673 营业EBITDA 3Q23 4Q23 1Q24 2Q24 3Q24 墨西哥 398,634 346,119 419,721 453,947 319,277 美国 268,496 238,726 237,037 297,370 257,968 欧洲、中东和非洲 201,347 129,637 83,246 175,240 201,489 欧洲 161,640 105,115 54,341 154,903 163,781 中东和非洲 39,706 24,522 28,906 20,337 37,708 南美、中美和加勒比地区 66,492 58,479 63,392 65,207 47,967 其他和公司间消除 -73,858 -67,838 -72,559 -71,338 -79,758 总计 861,111 705,122 730,837 920,426 746,943 34
注释和定义备注:本报告包含的所有信息均考虑菲律宾、多米尼加共和国和危地马拉,作为2024年和2023年已停止的控件。SCAC南美、中美洲和加勒比地区 EMEA欧洲、中东、非洲MEA中东和非洲提及水泥成交量变化时,指的是国内灰水泥操作(从2010年第二季度开始,报告的水泥成交量基础发生了变化,从包括熟料的国内水泥转变为国内灰水泥) 所在地货币LC 一致 即像这样进行货币波动的调整和进行有关投资/出售时的调整 进行的投资是为了确保公司的运营连续性。这些包括在项目上的资本支出 需要替换维修资本上过时资产或维持当前运营水平,并且强制性资本支出,即需要遵守政府支出规定或公司政策的项目 在提及 可报告部门销售额时,收入会在集团内部交易删除前呈现。在涉及综合销售销售时,这些代表公司在基本报表中报告的总收入(净销售额) EBITDA 表示营业EBITDA:除其他费用、净折旧和营业摊销之外的营业收入 EBITDA 毛利率 表示营业EBITDA毛利率:通过我们的“营业EBITDA”除以我们的销售额计算 西麦斯定义它为营业EBITDA减去净利息支出、维护和扩张资本支出、运营资本变动、税金自由现金流支付以及其他现金项目(净其他费用减少过时资产和/或明显耗竭的已停止运营的固定资产出售收益以及我们无固定期限票据的利息支付) IFRS 国际财务报告准则,由国际会计准则理事会发布 Pp 百分点 价格所有涉及定价行动、价格上涨或下降的参考,是指我们产品的价格 战略性资本支出 旨在增加公司盈利能力的投资。这些包括在项目上的资本支出,旨在通过扩大产能来增加盈利能力,并且边际改进资本支出,旨在通过减少成本来增加盈利能力 美元指数/美元 百分比 同比 前一年同期百分比变化 35
联系信息 投资者关系 股票信息 在美国: 纽交所(ADS):+1 877 7CX 纽交所 CX 在墨西哥:墨西哥证券交易所 +52 81 8888 4292(CPO):西麦斯.CPO ir@西麦斯.com CPO与ADS的比例:10比1