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 [5] - Consolidated EBITDA reached $130.2 million, a 9% increase compared to the same period last year, despite rising expenses related to collective bargaining negotiations [5][12] - Revenues for the quarter increased by 5.9% compared to Q2 2024, reaching $484.1 million, with gross profit rising by 11.2% [12] - Net profit increased by 29.9% this quarter compared to the same period last year, attributed to higher revenues and reduced financing expenses [18] Business Line Data and Key Metrics Changes - Cement sales increased by 6.3% this quarter compared to the same period last year, with gross margin improving by 3.2 percentage points [15] - Concrete, pavement, and mortar sales rose 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 [16] - Precast materials sales increased by 4.1% this quarter, with a gross margin decrease of 1.5 percentage points [17] Market Data and Key Metrics Changes - The company is optimistic about the infrastructure development in Peru, which is crucial for economic growth and social inclusion [6][11] - The company is a significant contributor to public-private collaboration programs aimed at enhancing infrastructure, committing over $100 million this year [9] Company Strategy and Development Direction - The company focuses on addressing Peru's infrastructure and housing deficit, emphasizing the importance of high-quality building solutions [6][11] - The strategy includes maintaining a sustainable CapEx around 100 million soles annually, with no substantial capacity increases planned [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining a positive trend in sales volumes, expecting single high-digit growth for the second half of the year [24] - The company anticipates EBITDA margins to remain stable between 28-29% [28] - Management remains optimistic about the future, expecting to post record results for the year [38] 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 [14] - The net debt to EBITDA ratio is at 2.6 times, which the company considers comfortable [19] Q&A Session Summary Question: Expectations for volumes in the second half - Management expects volumes to continue with a trend of single high-digit increases, dependent on the timing of infrastructure projects [24] Question: CapEx expectations for the second half - The company plans to maintain sustaining CapEx around 100 million soles annually, with no substantial increases in capacity planned [25] Question: Expected margin improvements - EBITDA margins are expected to remain stable between 28-29% [28] Question: Dividend distribution expectations - The company has been consistent with dividends and sees no reason to change this policy, expecting to maintain the same level as previous years [28]

Financial Data and Key Metrics Changes - Revenues increased by 4.8% year over year, reaching $499.2 million, driven by stronger demand for bagged cement and concrete [3][10] - Consolidated EBITDA rose to $134.7 million, a 1.4% increase compared to the same period last year [3][10] - Net profit increased by 6.5% year over year, attributed to higher revenues and gross profit, along with a slight reduction in financing expenses [14] Business Line Data and Key Metrics Changes - Sales of concrete, pavement, and mortar surged by 22.3% year over year, primarily due to major infrastructure projects [4][12] - Cement sales increased by 3.9% compared to the same period last year, with gross margin rising by 2.6% due to lower raw material costs [12] - Precast material sales grew by 6.8%, although gross margin decreased by 1.8 percentage points due to lower fixed cost dilution [13] Market Data and Key Metrics Changes - The company is positioned as a preferred choice for infrastructure development in Northern Peru, with ongoing projects like the Motupe riverbank defenses and the Tarata Bridge [4][6] - The demand for concrete is expected to increase in the coming quarters due to the initiation of new projects [25] Company Strategy and Development Direction - The company is focused on a long-term strategy to expand the use of concrete and building solutions, which is seen as essential for future growth [5][38] - A decarbonization strategy is being implemented, with a focus on reducing coal usage and exploring cleaner alternatives like biomass [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining positive momentum for the rest of the year, despite challenges faced in the first quarter [3][14] - The company anticipates stable EBITDA margins moving forward, with a one-time expense related to labor union bonuses not expected to recur [21][22] Other Important Information - Administrative expenses increased by 22.4% due to personnel expenses related to union bonuses [11] - The net debt to EBITDA ratio improved to 2.6x, indicating ongoing deleveraging efforts [14] Q&A Session Summary Question: Is it worth continuing the sales of concrete pavements, precast, and construction supplies when you barely make any money on it? - Management emphasized that the overall company strategy focuses on building solutions, which is crucial for maintaining market presence despite lower margins in some projects [17][18] Question: Should we expect a similar year-over-year increase in SG&A in the coming quarters? - Management clarified that the recent increase in SG&A was a one-time expense and that EBITDA margins should remain stable for the rest of the year [21][22] Question: Do you expect to maintain this level of concrete volumes for the whole of 2025? - Management indicated that concrete volumes are expected to increase for the remainder of the year due to new projects starting [25] Question: Will dividends be considered as a capital allocation avenue going forward? - Management confirmed a solid dividend policy will be maintained while also focusing on reducing debt [28][29] Question: Will the production and sale of lime continue to be reported? - Management stated that lime production will continue, although it may not be reported due to its materiality [30] Question: Do you expect the trend of recovery in dispatches to continue? - Management affirmed that they expect to see continued growth in dispatches and concrete volumes throughout the year [35]