Q1 2025 Unacemcorp SAA Earnings Call Transcript
Key Points
- Unacem Corp SAA (LIM:UNACEMC1) reported a 4.1% increase in consolidated revenues year over year for the first quarter of 2025.
- The energy business, TLIPSA, experienced strong top-line growth of 16.2%, supported by new long-term clients.
- Operations in California posted a 49% increase in volumes year over year, reflecting strong demand and successful commercial efforts.
- The company completed the refinancing structure of its debt in local currency, improving its debt profile with 85% of debt now long-term.
- Unacem Corp SAA (LIM:UNACEMC1) signed an agreement to acquire an additional 88 acres in Arizona, with estimated reserves of 25 million tons, indicating future growth potential.
- Consolidated EBITDA for the quarter decreased by 7% year over year, with margins declining from 26.1% to 23.3%.
- Peruvian cement and ready-mix markets saw a decline in volumes, although this was partially offset by better pricing.
- The ready-mix business in Peru recorded an 18% decrease in volumes due to the completion of major infrastructure projects.
- Consolidated cost of sales increased by 4.6% due to higher production costs in UNACEM Peru and higher marginal costs in the energy platform.
- Administrative expenses rose by 8% compared to the first quarter of 2024, driven by new operations, insurance expenses, and higher depreciation in the US.
Greetings, and welcome to the Grupo UNACEM first quarter 2025 results conference call. (Operator Instructions)
As a reminder, this conference is being recorded. It's now my pleasure to introduce your host, Monica Paucar, Head of Investor Relations. Thank you. You may begin.
Thank you, Melissa. 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 first quarter of the year. Later, Alvaro Morales, Grupo UNACEM's corporate CFO will present the first quarter financials in detail.
Please note that we might disclose some forward-looking statements related to Grupo UNACEM based on currently known fact, 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 expressed or assumed hearing. So this should be considered for
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