Q4 2024 Loma Negra Compania Industrial Argentina SA Earnings Call Transcript
Key Points
- Loma Negra Cia Industria Argentina SA (LOMA) achieved a significant expansion of its EBITDA margin by over 600 basis points in the fourth quarter of 2024.
- The company reported an EBITDA of $50 million for the quarter, with a substantial improvement in the EBITDA margin to 29% from 22.8% in the same quarter of 2023.
- Net debt declined by an additional $20 million during the quarter, reducing the net debt-to-EBITDA ratio to below 1 times.
- Loma Negra Cia Industria Argentina SA (LOMA) achieved a 3% year-over-year decrease in total greenhouse gas emission intensity, aligning with its 2030 sustainability commitments.
- The company is poised for growth in 2025, with expectations of double-digit volume increases and a more favorable economic environment.
- The construction industry downturn led to a 24% decline in cement volumes for the full year 2024.
- The fourth quarter saw a 19.5% decline in top-line performance, primarily due to weaker performance in the cement segment.
- Concrete and aggregates segments experienced margin contractions, with the Concrete segment's adjusted EBITDA margin turning negative.
- The company faced a challenging year with volumes declining 24%, impacting overall financial performance.
- Despite improvements, the Railroad segment's adjusted EBITDA margin remained in negative territory.
Good morning, and welcome to the Loma Negra fourth-quarter 2024 conference call and webcast. (Operator Instructions) Also, Mr. Sergio Faifman will be responding in Spanish immediately following an English translation. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Mr. Diego Jalon, Head of IR. Please Diego, go ahead.
Thank you. Good morning, and welcome to Loma Negra's earnings conference call. By now, everyone should have access to our earnings press release and the presentation for today's call. both of which were distributed yesterday after market close. Joining me on the call this morning will be Sergio Faifman, our CEO and Vice President of the Board of Directors; and our CFO, Marcos Gradin.
Both of them will be available for the Q&A session. Before we proceed, I would like to make the following safe Harbor statements. Today's call will contain forward-looking statements, and I
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