Financial Data and Key Metrics Changes - The company's top-line revenue for Q2 2024 was Ps. 166.1 billion, a decrease of 28% year-on-year, with cement volume down 32.5% [5] - Consolidated adjusted EBITDA reached $51 million (Ps. 38 billion), down 11.7% year-on-year, but the EBITDA margin expanded to 28.1%, an increase of 520 basis points [5][13] - Net profit attributable to owners of the company was Ps. 29.6 billion, compared to Ps. 9.5 billion in Q2 2023, driven by operational performance and financial gains [15] Business Line Data and Key Metrics Changes - The Cement, masonry & lime segment saw a revenue decline of 26.1%, with volumes contracting 32.5% year-on-year, although strong pricing partially offset the decline [9] - Concrete revenues decreased by 47% due to a 45% drop in dispatches, while the aggregate segment revenues fell by 36% with state volumes down 25% [10] - Railroad revenues decreased by 14.5%, with transported volumes down 22.5%, but positive price dynamics helped mitigate the impact [10] Market Data and Key Metrics Changes - The construction activity indicator showed gradual improvement after a low in March, with cement dispatches reflecting a positive trend in July [7][8] - Bulk cement dispatches were down 41% year-on-year, while bagged cement saw a 24% increase, indicating a shift in demand [8] Company Strategy and Development Direction - The company is focusing on profitability and cost control initiatives, which have led to EBITDA margin expansion despite volume declines [4] - Management expressed optimism about the construction industry's recovery, citing stabilization of economic factors and increased foreign direct investment as key drivers [18] Management's Comments on Operating Environment and Future Outlook - Management noted a gradual recovery in cement volumes and expects this trend to continue, supported by improved economic conditions and increased credit availability [21] - The company anticipates maintaining current price levels while managing costs effectively, with expectations for margin stability in the upcoming quarters [22] Other Important Information - The company ended the quarter with a net debt of Ps. 119 billion, with a net debt to EBITDA ratio of 1.26 times, indicating a strong balance sheet [16] - Capital expenditures for maintaining operations and kiln projects were allocated at Ps. 16.3 billion, with a focus on addressing short-term debt maturities [17] Q&A Session Summary Question: July volumes and price trends - Management indicated that July showed a significant recovery in volumes and expects this trend to continue, driven by improved economic conditions and real wage recovery [21] Question: Sustainability of margin increases - Management believes that margins can be maintained despite potential impacts from thermal energy costs, with expectations for further improvements in Q4 [22] Question: Main drivers of recovery in the second half of the year - Management identified private works and the potential approval of the Rige program as key drivers for recovery, with expectations for increased activity in the mining sector [24] Question: Capital allocation and dividends - Management stated that they are evaluating capital allocation options, including addressing short-term debt with cash generation and bank lines, while maintaining a focus on shareholder value [26] Question: Volume mix of bag versus bulk cement - Management reported a current mix of 60% bag and 40% bulk cement, with expectations for bulk to contribute more in the future without impacting pricing [30][31]

2Q24-Results Conference Call Disclaimer and Forward-Looking Statement 1 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 assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by termin ...

The Company has presented certain financial figures, Table 1b and Table 11, in U.S. dollars and Pesos without giving effect to IAS 29. The Company has prepared all other financial information herein by applying IAS 29. Commenting on the financial and operating performance for the second quarter of 2024, Sergio Faifman, Loma Negra's Chief Executive Officer, noted: "We are glad to report another set of solid results. Despite the year-on-year volume decline our business delivered an expansion of the Adjusted E ...

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 assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," ...

Loma Negra Reports 1Q24 results Buenos Aires, May 9, 2024 - Loma Negra, (NYSE: LOMA; BYMA: LOMA), ("Loma Negra" or the "Company"), the leading cement producer in Argentina, today announced results for the three-month period ended March 31, 2024 (our "1Q24 Results"). 1Q24 Key Highlights The Company has presented certain financial figures, Table 1b and Table 11, in U.S. dollars and Pesos without giving effect to IAS 29. The Company has prepared all other financial information herein by applying IAS 29. Commen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 20-F ______________________________ o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPO ...

Loma Negra Compañía Industrial Argentina Sociedad Anónima ADS EACH REPR 5 ORD SHS SPON (USD) (NYSE:LOMA) Q4 2023 Earnings Call Transcript March 7, 2024 10:00 AM ET Company Participants Diego Jalon - Head of IR Sergio Faifman - CEO and VP of Board of Directors Marcos Gradin - CFO Conference Call Participants Daniel Rojas - Bank of America Jorge Vinas - Latin Securities Diego Jalon Thank you. Good morning and welcome to the Loma Negra's Earnings Conference Call. By now, everyone should have access to our earn ...

Loma Negra Reports 4Q23 results Buenos Aires, March 6, 2024 - Loma Negra, (NYSE: LOMA; BYMA: LOMA), ("Loma Negra" or the "Company"), the leading cement producer in Argentina, today announced results for the three-month period ended December 31, 2023 (our "4Q23. Results"). FY23 Key Highlights 4Q23 Key Highlights The Company has presented certain financial figures, Table 1b and Table 11, in U.S. dollars and Pesos without giving effect to IAS 29. The Company has prepared all other financial information herein ...

[Introduction & Disclaimers](index=2&type=section&id=1.%20Introduction%20%26%20Disclaimers) [Disclaimer and Forward-Looking Statements](index=2&type=section&id=1.1%20Disclaimer%20and%20Forward-Looking%20Statements) The report contains forward-looking statements based on current expectations that are subject to risks and uncertainties - Forward-looking statements are based on current expectations and projections, subject to risks and uncertainties, and should not be relied upon as predictions of future events[3](index=3&type=chunk)[4](index=4&type=chunk) - Important factors could cause actual results to differ materially, including changes in economic, political, governmental, and business conditions, inflation rates, exchange rates, and industry-specific factors[4](index=4&type=chunk) - The company undertakes no obligation to publicly update any forward-looking statements after the release date, except as required by law[5](index=5&type=chunk) [Accounting Standards Note (IAS 29)](index=2&type=section&id=1.2%20Accounting%20Standards%20Note%20(IAS%2029)) Financials are prepared under IFRS, applying IAS 29 for Argentina's highly inflationary economy since July 2018 - Loma Negra's financial information is prepared in accordance with IFRS, applying **IAS 29** due to Argentina's highly inflationary economy status since July 1, 2018[7](index=7&type=chunk) - Results are reported as if the economy were highly inflationary as of January 1, 2018, adjusting for changes in the general purchasing power of the local currency[7](index=7&type=chunk) - For better understanding, selected figures are also disclosed **'As Reported'** (excluding IAS 29)[7](index=7&type=chunk) [Q3 2023 Highlights & Overview](index=3&type=section&id=2.%20Q3%202023%20Highlights%20%26%20Overview) [Key Financial Highlights](index=3&type=section&id=2.1%20Key%20Financial%20Highlights) The company reported resilient volumes and effective cost control, leading to margin expansion and a solid balance sheet - The Cement business demonstrated resilience despite a moderate decrease in volumes, contributing to solid results[9](index=9&type=chunk) Q3 2023 Key Financial Highlights (As Reported) | Metric | Value (AR$ billion) | YoY Change (AR$) | Value (US$ million) | YoY Change (US$) | | :-------------------------------- | :------------------ | :--------------- | :------------------ | :--------------- | | Net Revenues | 74.2 | -8.3% | 212 | -10.1% | | Adjusted EBITDA | 17.2 | -3.9% | 66 | -3.1% | | Net Profit | 7.5 | N/A | N/A | N/A | | Consolidated Adjusted EBITDA Margin | 23.2% | +105 bps | N/A | N/A | | Net Debt to LTM Adj. EBITDA ratio | 0.97x | N/A | N/A | N/A | - The company issued Class III domestic bonds for **US$ 55.0 million** to refinance existing debt, extending maturity and reducing financial costs[11](index=11&type=chunk) [Macro & Industry Context](index=4&type=section&id=3.%20Macro%20%26%20Industry%20Context) [Construction Activity & Economic Trends](index=5&type=section&id=3.1%20Construction%20Activity%20%26%20Economic%20Trends) Argentinian construction activity and cement sales remained resilient despite economic uncertainty and GDP fluctuations GDP Growth (YoY Growth, %) | Year/Quarter | 2019 | 2020 | 2021 | 2022 | 2023e | 2024e | 2025e | | :------------- | :--- | :--- | :--- | :--- | :---- | :---- | :---- | | GDP Growth (%) | 1.4 | -9.9 | 10.4 | 5.0 | -2.8 | 1.5 | 3.0 | Monthly Industry Cement Sales ('000 tons) - 2023 vs. Previous Years | Month | 2019 | 2020 | 2021 | 2022 | 2023 | | :---- | :--- | :--- | :--- | :--- | :--- | | Jan | ~900 | ~800 | ~950 | ~1000 | ~1050 | | Feb | ~850 | ~750 | ~900 | ~950 | ~1000 | | Mar | ~950 | ~800 | ~1000 | ~1050 | ~1100 | | Apr | ~900 | ~700 | ~950 | ~1000 | ~1050 | | May | ~950 | ~850 | ~1000 | ~1050 | ~1100 | | Jun | ~900 | ~800 | ~950 | ~1000 | ~1050 | | Jul | ~900 | ~850 | ~950 | ~1000 | ~1050 | | Aug | ~900 | ~850 | ~950 | ~1000 | ~1050 | | Sep | ~900 | ~850 | ~950 | ~1000 | ~1050 | | Oct | ~900 | ~850 | ~950 | ~1000 | ~1050 | | Nov | ~900 | ~850 | ~950 | ~1000 | ~1050 | | Dec | ~900 | ~850 | ~950 | ~1000 | ~1050 | Industry Cement Sales by Type (%) | Year | Bulk | Bags | | :--- | :--- | :--- | | 2019 | 58% | 42% | | 2020 | 58% | 42% | | 2021 | 61% | 39% | | 2022 | 70% | 30% | [Revenue and Volumes Performance](index=6&type=section&id=4.%20Revenue%20and%20Volumes%20Performance) [Segmental Revenue and Volume Analysis](index=6&type=section&id=4.1%20Segmental%20Revenue%20and%20Volume%20Analysis) Q3 2023 total net revenues declined, driven by contractions in Cement and Concrete, while Aggregates revenue grew Q3 2023 Sales Volumes and Revenues by Segment | Segment | Unit | 3Q23 Volume | 3Q22 Volume | Volume % Chg. | 3Q23 Revenue (AR$ million) | 3Q22 Revenue (AR$ million) | Revenue % Chg. | | :---------------------- | :--- | :---------- | :---------- | :------------ | :------------------------- | :------------------------- | :------------- | | Cement, masonry & lime | MM Tn | 1.74 | 1.88 | -7.1% | 62,583 | 71,757 | -12.8% | | Concrete | MM m3 | 0.15 | 0.17 | -9.4% | 6,766 | 7,062 | -4.2% | | Railroad | MM Tn | 1.16 | 1.21 | -4.2% | 5,849 | 6,126 | -4.5% | | Aggregates | MM Tn | 0.34 | 0.34 | 0.2% | 2,328 | 1,982 | 17.5% | | **Total Net Revenues** | | | | | **74,182** | **80,878** | **-8.3%** | - Cement, masonry & lime revenue **decreased 12.8% YoY**, with volumes contracting 7.1%, partially offset by price adjustments due to higher monthly inflation[17](index=17&type=chunk) - Aggregates revenue **increased 17.5% YoY**, boosted by positive price performance while volume remained flat[17](index=17&type=chunk) [Business Performance & Profitability](index=7&type=section&id=5.%20Business%20Performance%20%26%20Profitability) [Gross Profit and Margin Analysis](index=8&type=section&id=5.1%20Gross%20Profit%20and%20Margin%20Analysis) Consolidated gross profit was stable while gross margin expanded due to cost improvements and lower SG&A expenses Q3 2023 Gross Profit & Margin | Metric | 3Q23 (AR$ Million) | 3Q22 (AR$ Million) | % Change | | :---------------- | :----------------- | :----------------- | :------- | | Gross Profit | 17,251 | 17,222 | 0.2% | | Gross Margin | 23.3% | 21.3% | +200 bps | | SG&A | 6,157 | 6,270 | -1.8% | | SG&A as % of Sales | 8.3% | 7.8% | +55 bps | - Gross margin expansion was primarily driven by cost improvements in the **Cement segment and Railroad operation**, despite a softer top line[21](index=21&type=chunk) - Margin expansion in Cement and Railroad segments was partially offset by contraction in Concrete[21](index=21&type=chunk) [Adjusted EBITDA Generation](index=9&type=section&id=5.2%20Adjusted%20EBITDA%20Generation) Consolidated Adjusted EBITDA margin expanded significantly, driven by strong performance in the Cement and Railroad segments Q3 2023 Consolidated Adjusted EBITDA | Metric | 3Q23 (AR$ Million) | 3Q22 (AR$ Million) | % Change (AR$) | 3Q23 (US$ Million) | % Change (US$) | | :-------------------------- | :----------------- | :----------------- | :------------- | :----------------- | :------------- | | Adjusted EBITDA | 17,189 | 17,890 | -3.9% | 66 | -3.9% | | Adjusted EBITDA Margin | 23.2% | 22.1% | +105 bps | N/A | N/A | - Cement, masonry cement and lime segment Adjusted EBITDA margin **expanded by 252 bps YoY to 26.8%**, driven by cost improvements[23](index=23&type=chunk) - Railroad Adjusted EBITDA margin **expanded by 428 bps YoY to 4.2%**, also explained by cost improvements[23](index=23&type=chunk) - Concrete Adjusted EBITDA **contracted 179 bps to 0.6%**, and Aggregates Adjusted EBITDA margin was **down 738 bps to 4.8%**[23](index=23&type=chunk) [Financial Performance: Bottom Line & Balance Sheet](index=10&type=section&id=6.%20Financial%20Performance%3A%20Bottom%20Line%20%26%20Balance%20Sheet) [Net Profit Recovery](index=11&type=section&id=6.1%20Net%20Profit%20Recovery) Net profit recovered from a prior-year loss, driven by lower financial expenses and gains on net monetary position Q3 2023 Net Profit and Finance Items | Metric | 3Q23 (AR$ Million) | 3Q22 (AR$ Million) | Change | | :------------------------------------ | :----------------- | :----------------- | :----- | | Net Profit Attributable to Owners | 7,398 | (28,936) | N/A | | Total Finance Cost (Net) | 1,600 | 36,400 | -95.6% | | Foreign Exchange Loss | 16,500 | 2,100 | +685.7% | | Gain on Net Monetary Position | 29,000 | 8,800 | +229.5% | | Net Financial Expense | 14,000 | 43,000 (loss) | -67.4% | - The significant reduction in net financial expense was primarily due to the cancellation of dollar-denominated debt with local funding in 3Q22[27](index=27&type=chunk) - Adjusted EBITDA **decreased by 3.9% YoY**, impacting the bottom line[27](index=27&type=chunk) [Balance Sheet & Cash Flow Highlights](index=12&type=section&id=6.2%20Balance%20Sheet%20%26%20Cash%20Flow%20Highlights) The company maintained a strong balance sheet with a healthy cash position and manageable debt despite lower operating cash flow Q3 2023 Balance Sheet & Debt Metrics | Metric | Value (AR$ billion) | Value (US$ million) | | :-------------------------- | :------------------ | :------------------ | | Cash position & Investments | 20.9 | N/A | | Total Debt | 96.1 | N/A | | Net Debt | 75.1 | 215 | | Net Debt/LTM Adj. EBITDA | 0.97x | N/A | Q3 2023 Cash Flow Highlights (AR$ million) | Metric | 3Q23 | 3Q22 | | :------------------------------------ | :----- | :----- | | Net cash generated by operating activities | 14,613 | 27,265 | | Net cash generated by (used in) investing activities | (4,311) | (1,845) | | Net cash used in by financing activities | (19,808) | (46,350) | | Cash and cash equivalents at period end | 20,909 | 8,257 | - Operating cash generation reached **AR$ 14.6 billion** in 3Q23, down from AR$ 27.3 billion in 3Q22, due to lower net profit adjusted for operating activities and a reduced positive effect from working capital[33](index=33&type=chunk) - Capital expenditures amounted to **AR$ 4.4 billion** in 3Q23, primarily for maintenance capex[33](index=33&type=chunk) - A dividend payment of **AR$ 13.7 billion** was made in July 2023[33](index=33&type=chunk) [2023 Outlook](index=13&type=section&id=7.%202023%20Outlook) [2023 Outlook](index=14&type=section&id=7.1%202023%20Outlook) The company expects a slight adjustment in industry volumes but remains confident in achieving its goals amid election uncertainty - Industry volumes are expected to show a slight adjustment from record highs, following a lower level of economic activity[36](index=36&type=chunk) - Increased uncertainty due to the election period is affecting economic actors, yet cement volumes continue to demonstrate resilience[36](index=36&type=chunk) - The company is confident in achieving its goals by year-end, contributing to the development of the country from its leadership position[36](index=36&type=chunk) [Financial Tables](index=15&type=section&id=8.%20Financial%20Tables) [Adjusted EBITDA Reconciliation & Margin](index=16&type=section&id=8.1%20Adjusted%20EBITDA%20Reconciliation%20%26%20Margin) This table reconciles Net Profit (Loss) to Adjusted EBITDA for the three and nine-month periods ended September 30 Adjusted EBITDA Reconciliation & Margin (AR$ million) | Metric | 3-months ended Sep 30, 2023 | 3-months ended Sep 30, 2022 | % Chg. | 9-months ended Sep 30, 2023 | 9-months ended Sep 30, 2022 | % Chg. | | :------------------------------------ | :-------------------------- | :-------------------------- | :----- | :-------------------------- | :-------------------------- | :----- | | Net profit (Loss) | 7,501 | (29,168) | n/a | 19,485 | (11,469) | n/a | | (+) Depreciation and amortization | 5,833 | 7,233 | -19.3% | 16,631 | 20,665 | -19.5% | | (+) Income tax expense | 1,480 | 2,638 | -43.9% | 6,508 | 13,371 | -51.4% | | (+) Financial interest, net | 12,852 | 6,269 | 105.0% | 28,119 | 4,637 | 506.4% | | (+) Exchange rate differences, net | 16,538 | 2,110 | 683.8% | 28,743 | 8,966 | 220.6% | | (+) Other financial expenses, net | 1,181 | 36,805 | -96.8% | 3,753 | 38,439 | -90.2% | | (+) Gain on net monetary position | (28,991) | (8,785) | 230.0% | (54,914) | (15,497) | 254.4% | | **Adjusted EBITDA** | **17,189** | **17,890** | **-3.9%** | **50,671** | **61,296** | **-17.3%** | | **Adjusted EBITDA Margin** | **23.2%** | **22.1%** | **+105 bps** | **24.1%** | **27.8%** | **-370 bps** | [Condensed Interim Consolidated Statements of Financial Position (Balance Sheet)](index=17&type=section&id=8.2%20Condensed%20Interim%20Consolidated%20Statements%20of%20Financial%20Position%20(Balance%20Sheet)) The balance sheet details assets, shareholder's equity, and liabilities as of September 30, 2023, and December 31, 2022 Condensed Interim Consolidated Statements of Financial Position (AR$ million) | Item | As of Sep 30, 2023 | As of Dec 31, 2022 | | :-------------------------------- | :----------------- | :----------------- | | **ASSETS** | | | | Non-current assets | 326,522 | 330,334 | | Current assets | 94,210 | 81,846 | | **TOTAL ASSETS** | **420,732** | **412,180** | | **SHAREHOLDER'S EQUITY** | | | | Equity attributable to owners | N/A | N/A | | Non-controlling interests | N/A | N/A | | **TOTAL SHAREHOLDER'S EQUITY** | N/A | N/A | | **LIABILITIES** | | | | Non-current liabilities | N/A | N/A | | Current liabilities | N/A | N/A | | **TOTAL LIABILITIES** | N/A | N/A | | **TOTAL SHAREHOLDER'S EQUITY AND LIABILITIES** | N/A | N/A | - Total assets increased from **AR$ 412,180 million** at December 31, 2022, to **AR$ 420,732 million** at September 30, 2023[40](index=40&type=chunk) - Current assets saw an increase from **AR$ 81,846 million** to **AR$ 94,210 million**, primarily driven by an increase in cash and banks from AR$ 1,350 million to AR$ 11,757 million[40](index=40&type=chunk) [Condensed Interim Consolidated Statements of Profit or Loss (Income Statement)](index=18&type=section&id=8.3%20Condensed%20Interim%20Consolidated%20Statements%20of%20Profit%20or%20Loss%20(Income%20Statement)) The income statement presents revenue, gross profit, and net profit for the three and nine-month periods Condensed Interim Consolidated Statements of Profit or Loss (AR$ million) | Item | 3-months ended Sep 30, 2023 | 3-months ended Sep 30, 2022 | % Change | 9-months ended Sep 30, 2023 | 9-months ended Sep 30, 2022 | % Change | | :------------------------------------ | :-------------------------- | :-------------------------- | :------- | :-------------------------- | :-------------------------- | :------- | | Net revenue | 74,182 | 80,878 | -8.3% | 210,559 | 220,154 | -4.4% | | Cost of sales | (56,931) | (63,656) | -10.6% | (158,442) | (160,349) | -1.2% | | Gross Profit | 17,251 | 17,222 | 0.2% | 52,117 | 59,805 | -12.9% | | Selling and administrative expenses | (6,157) | (6,270) | -1.8% | (18,727) | (18,915) | -1.0% | | Gain on net monetary position | 28,991 | 8,785 | 230.0% | 54,914 | 15,497 | 254.4% | | Exchange rate differences | (16,538) | (2,110) | 683.8% | (28,743) | (8,966) | 220.6% | | Financial expenses | (14,564) | (43,326) | -66.4% | (35,489) | (45,999) | -22.8% | | Profit (loss) before taxes | 8,980 | (26,530) | n/a | 25,994 | 1,903 | 1266.2% | | Net Profit (Loss) | 7,501 | (29,168) | n/a | 19,485 | (11,469) | n/a | | Earnings per share (basic and diluted) | 12.6818 | (49.4299) | n/a | 33.6374 | (18.6130) | n/a | - Net Profit (Loss) for the period attributable to Owners of the Company was **AR$ 7,398 million** in 3Q23, a significant improvement from a loss of AR$ 28,936 million in 3Q22[41](index=41&type=chunk) [Condensed Interim Consolidated Statement of Cash Flows](index=19&type=section&id=8.4%20Condensed%20Interim%20Consolidated%20Statement%20of%20Cash%20Flows) The cash flow statement details cash from operating, investing, and financing activities for the reporting periods Condensed Interim Consolidated Statement of Cash Flows (AR$ million) | Item | 3-months ended Sep 30, 2023 | 3-months ended Sep 30, 2022 | 9-months ended Sep 30, 2023 | 9-months ended Sep 30, 2022 | | :------------------------------------------ | :-------------------------- | :-------------------------- | :-------------------------- | :-------------------------- | | Net cash generated by operating activities | 14,613 | 27,265 | 38,383 | 40,857 | | Net cash (used in) investing activities | (4,311) | 1,845 | (11,431) | (3,521) | | Net cash generated by (used in) financing activities | (19,808) | (46,350) | (6,250) | (35,324) | | Net increase (decrease) in cash and cash equivalents | (9,506) | (17,240) | 20,702 | 2,012 | | Cash and cash equivalents at the end of the period | 20,909 | 8,257 | 20,909 | 8,257 | - Cash and cash equivalents at the end of the period significantly increased from **AR$ 8,257 million** in 3Q22 to **AR$ 20,909 million** in 3Q23[42](index=42&type=chunk) [Investor Relations Contact](index=20&type=section&id=9.%20Investor%20Relations%20Contact) [Investor Relations Contact Information](index=20&type=section&id=9.1%20Investor%20Relations%20Contact%20Information) This section provides contact details for the company's Investor Relations team - Marcos I. Gradin serves as the Chief Financial Officer and Investor Relations contact[43](index=43&type=chunk) - Diego M. Jalón is the Head of Investor Relations[43](index=43&type=chunk) - Contact can be made via phone at +54 (11) 4319-3050 or email at investorrelations@lomanegra.com[43](index=43&type=chunk)

Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of $66 million for Q3 2023, down 3.1% year-on-year, with a consolidated EBITDA margin of 23.2%, reflecting a year-on-year expansion of 105 basis points [11][33] - Total revenue for the quarter was ARS 74 billion, a decrease of 8.3% primarily due to volume contraction in the cement segment [27][30] - The net profit attributable to owners of the company was ARS 7.4 billion, compared to a net loss of ARS 28.9 billion in Q3 2022, mainly due to lower total financial costs [33] Business Line Data and Key Metrics Changes - The cement segment saw a revenue decline of 12.8%, with volumes contracting 7.1% year-on-year, attributed to a decrease in bagged cement sales and softer price dynamics [30] - Concrete revenues decreased by 4.2%, with volumes down 9.4%, although pricing performance was strong [30] - The aggregates segment showed a 17.5% expansion, with sales volumes remaining almost flat, driven by good price performance [10] Market Data and Key Metrics Changes - The national cement industry sales demonstrated resilience despite a 5.6% decrease, ranking Q3 2023 as the second best in history, with cumulative volume just 1.8% below the same period in 2022 [29] - The company maintained a cash position of ARS 20.9 billion and total debt of ARS 96.1 billion, resulting in a net debt-to-EBITDA ratio of 0.97 times [13] Company Strategy and Development Direction - The company is cautiously optimistic about the resolution of the electoral process, which is expected to alleviate volatility and pave the way for economic recovery [9] - The company aims to maintain its leadership position in the industry while navigating a challenging economic environment [36] Management's Comments on Operating Environment and Future Outlook - Management noted that cement volume remains solid despite economic challenges, and they expect to achieve their objectives even in a volatile environment [15][36] - The company anticipates a decrease in energy costs for 2024, with a focus on utilizing natural gas in their energy matrix [40] Other Important Information - The company issued a Class 3 domestic bond for $55 million, which will help refinance cross-border debt and reduce financial costs [34] - The company’s operating cash generation stood at ARS 14.6 billion, with capital expenditures allocated mostly for maintenance [13] Q&A Session Summary Question: Expectations for cement demand in 2024 and impact of elections - Management is working on projections for next year but does not provide specific guidance on volumes [21] Question: Pricing strategy in high inflation environment - The pricing strategy is linked to general inflation, FX, and internal cost inflation, with competitive dynamics influencing market share [46] Question: Operational capacity of L'Amali 2 - The operational capacity is above 6,000 tons per day, with expectations to reach 3 million tons annually [48] Question: Energy matrix evolution into 2024 - The company expects a decrease in energy costs and plans to utilize natural gas for thermal energy [40] Question: Renewal of Ferrosur concession - The concession was renewed for 18 months, and discussions with the government regarding the new contract are ongoing [42]