Q4 2024 Unacemcorp SAA Earnings Call Transcript
Key Points
- Consolidated EBITDA for the quarter increased by 13% year over year, reaching PEN434 million.
- Revenue increased by 8.2% to PEN1.8 billion, supported by a margin improvement of 110 basis points.
- Strong performance from energy operations with volumes sold increasing by 8.1% compared to the previous year.
- High efficiency in Peruvian cement operations led to stronger EBITDA margins of 32.4% for the quarter.
- Net leverage ratio improved to 3.08 times EBITDA, down from 3.23 times in the prior quarter.
- Ready-mix segment volumes declined by 18.1% due to the completion of large infrastructure projects.
- Arizona operations experienced a slowdown with volumes declining by 11.2% compared to the previous year.
- Clinker exports decreased by 57% compared to the fourth quarter of 2023.
- Net income for the full year decreased to PEN407 million from PEN533 million in 2023.
- Financial expenses rose by 52.7% for the full year due to higher debt levels and market conditions.
Greetings, and welcome to the Grupo UNACEM fourth quarter 2024 results conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Monica Paucar, Head of Investor Relations. Thank you, Monica. You may begin.
Thank you. Good morning, everyone, and welcome to our earnings conference call. This morning, Pedro Lerner, our CEO, will discuss the latest developments that affected our operations during the fourth quarter of the year. Later, Alvaro Morales, Grupo UNACEM's Corporate CFO, will present the fourth quarter and the full-year financials in detail.
Please note that we might disclose some forward-looking statements related to Grupo UNACEM based on currently known facts, expectations and forecasts, circumstances, and assumptions regarding future events. Many factors could cause the future results, performance or achievements of Grupo UNACEM to be different from those exposed or assumed herein. So this
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