Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [1] - The articles emphasize understanding the long-term earnings power of companies and the competitive dynamics within their industries [1] - The majority of recommendations will be holds, indicating a cautious approach to market conditions and a belief that only a small fraction of companies are suitable for buying at any given time [1] Group 2 - The articles aim to provide important information for future investors and introduce a healthy skepticism towards a generally bullish market [1] - There is a clear distinction made between the author's opinions and professional investment advice, highlighting the need for readers to conduct their own due diligence [2][3]

Financial Data and Key Metrics Changes - The company achieved a record consolidated EBITDA of PEN154.6 million, an increase of almost 20% year-over-year, and a net income increase of 35.9% [6][24] - Revenues increased by 0.2% compared to Q3 2023, reaching PEN517.8 million, while gross profit increased by 12.1% due to cost efficiencies [16][17] - The EBITDA margin was 29.9%, reflecting a 5 percentage point increase compared to the same period in 2023 [17] Business Line Data and Key Metrics Changes - Cement sales decreased by 2.7% in Q3 2024 and 3.6% for the first nine months of the year compared to the same periods in 2023, primarily due to decreased demand from the self-construction segment [19] - Sales of concrete, pavement, and mortar increased by 25.6% in Q3 and 57.9% in the first nine months, driven by increased sales volume for the Piura airport project [21] - Precast materials sales increased by 10.4% in Q3 and 31% in the first nine months compared to the same periods in 2023, mainly due to public sector demand [23] Market Data and Key Metrics Changes - The company noted a slight decrease in demand overall, but government spending is expected to improve market conditions in the second half of the year [5][28] - The self-construction segment is anticipated to grow due to improved employment in fishing and agriculture, which are significant drivers for cement demand [33] Company Strategy and Development Direction - The company is focusing on operational efficiencies and cost optimization, particularly in clinker production and raw material costs [6][20] - New projects include innovative solutions for riverbank protection and collaboration on a water treatment plant, showcasing the company's commitment to sustainability and client-centric solutions [7][10] - The company is adopting artificial intelligence and machine learning to enhance operational efficiency and has seen high employee engagement in these initiatives [12][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about increased cement volumes in 2025, driven by ongoing public projects and government spending [28][32] - The company expects EBITDA margins to remain around 29% for the upcoming year, supported by operational efficiencies [29][35] - Management highlighted the importance of balancing environmental sustainability with economic development, particularly in the context of carbon neutrality initiatives [39][40] Other Important Information - Administrative expenses increased by 15.4% in Q3 2024, primarily due to higher personnel costs and IT-related expenses [18] - The net debt-to-EBITDA ratio improved to 2.8x, indicating better financial health [24] Q&A Session Summary Question: What are the expectations for cement volumes in Peru for 2025? - Management anticipates an increase in volumes compared to 2024, supported by government spending and public projects [28][32] Question: Can the company sustain margins around 30%? - Management believes that operational efficiencies will help maintain margins close to 30% going forward [29] Question: How will the new Yanacocha project impact concrete dispatches? - The Yanacocha project will last approximately 18 months and is expected to have a similar volume to the Piura airport project [31] Question: What are the drivers for growth in self-construction? - Key drivers include improved employment in fishing and agriculture, which are expected to boost cement demand [33] Question: What is the guidance for margins in the upcoming year? - Management expects EBITDA margins for the whole year to be slightly over 29% [35] Question: What has driven the improvement in gross margins this quarter? - The main drivers include ongoing operational efficiencies and favorable coal prices [36] Question: What are the long-term expected margins for concrete and prefabricated products? - Long-term margins will depend on the size of projects, with larger projects expected to yield higher profitability [37]

Financial Performance - For the three-month period ended September 30, 2024, sales of goods reached S/517,754, a slight increase from S/516,664 in the same period of 2023, reflecting a growth of 0.2%[13] - Gross profit for the three-month period ended September 30, 2024, was S/195,756, compared to S/174,639 in the same period of 2023, indicating an increase of 12.1%[13] - Operating profit for the three-month period ended September 30, 2024, rose to S/116,473, up from S/91,561 in the same period of 2023, marking a significant increase of 27.2%[13] - Profit for the period for the three months ended September 30, 2024, was S/62,539, compared to S/46,115 in the same period of 2023, representing a growth of 35.7%[14] - Total comprehensive income for the period of S/62,410 for the three months ended September 30, 2024, compared to S/46,115 in the same period of 2023, an increase of 35.4%[18] - For the nine-month period ended September 30, 2024, the Group recorded total revenue from external customers of S/1,451,399,000, an increase from S/1,438,698,000 in the same period of 2023[74] - The net profit attributable to ordinary equity holders for the nine-month period ended September 30, 2024, was S/148,795,000, compared to S/133,041,000 for the same period in 2023[84] - Profit before income tax for the nine-month period ended September 30, 2024, was S/218,930,000, up from S/190,152,000 in 2023, indicating a growth of 15.1%[118] - The company reported a profit for the year of S/148,795,000 for the nine-month period ended September 30, 2024, compared to S/133,041,000 in 2023, representing an increase of 11.8%[118] Assets and Liabilities - As of September 30, 2024, total assets increased to S/3,289,380, up from S/3,221,735 as of December 31, 2023, representing a growth of 2.1%[11] - Total current liabilities increased to S/716,879 as of September 30, 2024, from S/689,388 as of December 31, 2023, reflecting a rise of 4.0%[11] - Total equity increased to S/1,338,607 as of September 30, 2024, compared to S/1,190,008 as of December 31, 2023, indicating a growth of 12.5%[11] - As of September 30, 2024, the Group's total financial assets increased to S/345,313,000 from S/233,527,000 in 2023, representing a growth of approximately 47.7%[91] - The Group's total financial liabilities decreased to S/1,756,001,000 in 2024 from S/1,804,537,000 in 2023, a reduction of about 2.7%[91] - The company’s financial obligations as of September 30, 2024, amounted to S/1,499,746,000, with a notable increase in obligations due in 3 to 12 months[132] Cash Flow and Investments - Cash flows from operating activities for the three-month period ended September 30, 2024, amounted to S/(000) 137,248, down from S/(000) 247,857 in the same period of 2023[22] - The company reported a net cash flow used in investing activities of S/(000) (44,299) for the three-month period ended September 30, 2024, compared to S/(000) (97,128) in the same period of 2023[24] - The company’s cash and cash equivalents increased to S/139,536 as of September 30, 2024, from S/90,193 as of December 31, 2023, reflecting a growth of 54.7%[11] - Cash and cash equivalents at the end of the period on September 30, 2024, were S/(000) 139,536, down from S/(000) 177,124 at the end of the same period in 2023[24] Shareholder Information - Earnings per share for the three-month period ended September 30, 2024, was S/0.15, up from S/0.11 in the same period of 2023, representing a growth of 36.4%[14] - The company paid dividends of S/(000) 141 during the three-month period ended September 30, 2024, compared to S/(000) 127 in the same period of 2023[24] - As of September 30, 2024, dividends payable amounted to S/10,193,000, slightly down from S/10,322,000 as of December 31, 2023[59] Operational Metrics - The company incurred depreciation and amortization expenses of S/(000) 38,103 for the three-month period ended September 30, 2024, slightly up from S/(000) 37,377 in the same period of 2023[22] - Additions to property, plant, and equipment for the nine-month period ended September 30, 2024, amounted to S/38,744,000, a decrease from S/241,178,000 for the same period in 2023[56] - The Group sold assets with a net book value of S/757,000 during the nine-month period ended September 30, 2024, resulting in a net gain on disposal of S/3,557,000[57] Risk Management - The company is exposed to foreign currency risk, with a potential impact on consolidated profit before tax of S/(1,376,000) for a 5% increase in the US dollar exchange rate[129] - The liquidity planning tool is utilized to monitor the risk of fund shortages, ensuring continuity of funding and flexibility[130] Taxation - The total income tax expense for the nine-month period ended September 30, 2024, was S/70,135,000, compared to S/57,111,000 for the same period in 2023[71] - The Group's income tax rate remains at 29.5% of taxable profit after deductions, consistent with the previous year[104] Employee Compensation - The company’s total short-term compensation expense for key management personnel was S/19,820,000 for the nine-month period ended September 30, 2024[80]

alvarez 2Q24 trends in place Perspectives are a little better This means Pacasmayo could eventually return to a modest volume growth level in 2H24, which is necessary to offset the reduction in concrete once the Piura airport project is finished. Pacasmayo's TTM revenues amount to close to $510 million and decreasing, plus an EBITDA margin of close to 26%. This represents an EBITDA of $132.5 million. The context cannot be considered positive, although it is not fully negative as the company's sales are push ...

Humberto Nadal Operator That concludes the call for today. Thank you and have a nice day. Humberto Nadal Sorry. Can you repeat the question? Unidentified Analyst Yes. What is this company do? Humberto Nadal What do you mean by what is this company do? I'm confused by the question. Unidentified Analyst Like what kind of business is the company in? Humberto Nadal Thank you. I'm not seeing any more questions. I'll just give it one more prompt. [Operator Instructions] Otherwise, perhaps we can move to closing r ...

Javier Durand Vice-president Legal/ General Counsel Manuel Ferreyros Chief Financial Officer Diego Reyes Supply Chain Managing Director Disclaimer This presentation contains forward-looking statements that represent our beliefs, projections and predictions about future events or our future performance. Forward-looking statements can be identified by terminology such as "may," "will," "would," "could," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continu ...

We produce and distribute quicklime, which has several industrial uses. Quicklime serves as a neutralizer, lubricant, drying and absorbing material, disinfectant, and as a raw material. Quicklime has various applications, including in the steel, food, fishing and chemical industries. It is also used in mining operations to treat water and industrial residues, in agriculture as a fertilizer enhancer and, to a lesser extent, in other industries. In Peru, quicklime is mainly used in the mining industry, as an ...

Cementos Pacasmayo S.A.A. (NYSE:CPAC) Q1 2024 Earnings Conference Call April 30, 2024 10:30 AM ET Company Participants Claudia Bustamante - Sustainability & Investor Relations Manager Humberto Nadal - Chief Executive Officer Manuel Ferreyros - Chief Financial Officer Conference Call Participants Natalia Leo - JPMorgan Marcelo Furlan - Itaú Operator Good morning, ladies and gentlemen. Welcome to Pacasmayo's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode ...

Pacasmayo Consist of 263 stores owners and 310 points of sale under the DINO brand, representing approximately 85% of our sales. CORPORATE GOVERNANCE Eduardo Hochschild (Chairman) Non – Independent Directors Master's Student at Harvard Graduate School of Education Current co-founder at Alignable, North America´s largest medium businesses network and the non-profit school Gita Krishnamurthy 5. 500 60.0% 400 47.0% 48.9% 89.8% 89.1% 88.7% 161 300 40.0% l�l 438.9 414.2 405.8 200 387.2 383.5 20.0% 100 o 0.0% 1Q2 ...

Unrealized loss on financial instruments designated at fair value Unrealized gain (loss) on cash flow hedge Retained earnings Total equity S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) S/(000) Balance as of January 1, 2023 423,868 40,279 (121,258) 432,779 168,636 (16,267) (1,520) 268,618 1,195,135 Profit for the period - - - - - - - 43,492 43,492 Other comprehensive income for the period, net of income tax - - - - - - 1,520 - 1,520 Others - - - - (5) - - (5) Total comprehensive income - - ...