CEMEX(US:CX)2022-02-11 13:57Financial Performance - EBITDA increased by 18%, marking the highest growth in over a decade[2] - Volumes for the company's three core products (cement, ready-mix, and aggregates) increased between 4% and 6%[2] - The company achieved its long-term leverage goal of below 3x[2] - Free cash flow after maintenance capital expenditure was more than $1.1 billion, representing approximately a 40% EBITDA to FCF conversion[2] - Net sales increased by 14% from $12.93 billion to $14.69 billion[3] - FCF after maintenance Capex increased by 15% from $958 million to $1,101 million[3] Pricing and Cost Management - Cement prices experienced the highest growth since 2016, increasing by 5%, while aggregates and ready-mix pricing grew by 3% and 2% respectively[2] - The company aims to recover cement margins with pricing strategy[8] Sustainability and Innovation - The company achieved a record reduction in CO2 emissions, reaching a 26% decline compared to 1990 levels[2] - The alternative fuel substitution rate reached 29.2%[27] - Vertua cement volumes have grown by approximately 50% since launch[25] Debt and Capital Structure - Consolidated net debt was reduced by $2.3 billion[48]