Financial Data and Key Metrics Changes - Sales volume increased by 7.1% year over year, driven by stronger demand for cement and concrete, particularly for infrastructure projects [4] - Consolidated EBITDA reached $130.2 million, a 9% increase compared to the same period last year, despite rising expenses from collective bargaining negotiations [4][11] - Revenues for the quarter increased by 5.9% year over year, totaling $484.1 million, with gross profit rising by 11.2% [11] - Net profit surged by 29.9% this quarter compared to the same period last year, attributed to increased revenues and reduced financing expenses [16] Business Line Data and Key Metrics Changes - Cement sales rose by 6.3% this quarter compared to the same period last year, with gross margin increasing by 3.2 percentage points [14] - Concrete, pavement, and mortar sales increased by 9.8% this quarter, driven by projects like the Piura Airport, although gross margin decreased by 3.2 percentage points due to project execution costs [15] - Precast materials sales grew by 4.1% this quarter, with a gross margin decrease of 1.5 percentage points [16] Market Data and Key Metrics Changes - The company is positioned to benefit from ongoing infrastructure projects in Peru, addressing significant infrastructure and housing deficits [5][6] - The introduction of new ports, such as Shanghai, may alter competitive dynamics, particularly affecting areas close to the port [28][29] Company Strategy and Development Direction - The company emphasizes its role in addressing infrastructure challenges in Peru, focusing on delivering high-quality products that enhance quality of life [5][6] - The strategy includes public-private partnerships to finance infrastructure projects, showcasing the benefits of concrete solutions [7][9] - The company remains optimistic about future growth, expecting to maintain a positive trend in sales volumes and profitability [10][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining a single-digit growth trend in sales volumes for the second half of the year, contingent on the timely execution of infrastructure projects [21] - The company plans to sustain its capital expenditures at around 100 million soles annually, focusing on maintenance rather than significant capacity increases [22] - Management indicated that EBITDA margins are expected to remain stable between 28-29% [25] Other Important Information - Administrative expenses increased by 13.8% in Q2 2025 compared to Q2 2024, primarily due to higher personnel costs from union bonuses [12] - The net debt to EBITDA ratio stands at 2.6 times, which management considers a comfortable level [17] Q&A Session Summary Question: Expectations for volumes in the second half - Management expects a continuation of the single high-digit growth trend for volumes, dependent on infrastructure project timelines [21] Question: CapEx expectations for the second half - Management indicated sustaining CapEx around 100 million soles annually, with no substantial increases planned [22] Question: Margin expectations for the second half - EBITDA margins are expected to remain stable between 28-29% [25] Question: Dividend distribution expectations for 2025 - Management stated that dividend decisions are made at the board level, with no anticipated changes to the consistent dividend policy [25][26] Question: Impact of CEMEX using Shanghai port on competitive dynamics - Management noted that while new ports may influence market dynamics, the primary impact would be localized to areas near the port [28][29]

Company Overview - Pacasmayo's cement shipments reached 2.9 million MT as of Jun-25 LTM[4] - The company has a combined cement production capacity of 4.9 million MT/year and a combined clinker production capacity of 3.08 million MT/year[16] Financial Performance (2Q25) - Sales of goods reached S/ 484.1 million, a 5.9% increase compared to 2Q24[6] - EBITDA was S/ 130.2 million, a 9.0% increase compared to 2Q24[6] - EBITDA margin was 26.9%, a 0.8 percentage point increase compared to 2Q24[6] Market Overview (Peruvian Cement Market) - Pacasmayo has a 22.9% share in the Peruvian Northern Region with 2.898 million MT of cement shipments as of May-25 LTM[10] - UNACEM holds the largest market share at 42.7% with 5.418 million MT of cement shipments[10] - The Central Region's total cement shipments amounted to 6.509 million MT, representing 51.3% of the total regions[10] - The Southern Region's total cement shipments were 2.627 million MT, accounting for 20.7% of the total regions[10] - Total cement shipments across all regions reached 12.682 million MT[10] Customer Profile - Retail customers represent 75% of the customer base[18, 21, 25] - Private sector customers account for 15% of the customer base[18, 21, 25] - Infrastructure customers make up 10% of the customer base[18, 21, 25]