Q3 2024 Aenza SAA Earnings Call Transcript

Nov 13, 2024 / 05:00 PM GMT

Release Date Price: €6.84

Transcript

Key Points

Positve

Aenza SAA (LIM:AENZAC1) successfully approved a capital increase of up to $55 million, reinforcing its financial structure and growth strategy.
The company has executed successful initiatives since 2021, including issuing $210 million in corporate bonds and securing a $25 million loan from the IDB.
Aenza SAA's board of directors includes industry leaders with over 30 years of experience, supporting the company's expansion goals.
The company has made significant progress in ESG initiatives, doubling its S&P Global corporate sustainability assessment score from 23 to 52 points since 2021.
Aenza SAA is exploring organic and inorganic growth opportunities in Peru and abroad, including potential acquisitions and strategic alliances in countries like Chile, Colombia, and Brazil.

Negative

Consolidated revenues for the third quarter of 2024 decreased by 1.4% compared to the previous year, primarily due to lower production volumes in ongoing projects.
Gross profit decreased by 25.1% in the third quarter of 2024, mainly due to lower margins in the engineering and construction business.
Net financial expenses increased by 42.3% in the third quarter of 2024 compared to the previous year, driven by interest on corporate bonds and other financial obligations.
The company reported a consolidated net loss of $72.5 million in the third quarter of 2024, with the net margin declining from 1.1% to -2.4%.
Debt increased by 15.5% at the end of the third quarter of 2024 compared to the end of 2023, mainly due to the issuance of corporate bonds and promissory notes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AENZAC1.LM - Aenza SAA
Q3 2024 Aenza SAA Earnings Call
Nov 13, 2024 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to the third quarter of 2024 earnings conference call at this time, all participants are in listen-only mode and please note that this call is being recorded after the presentation, we will open the floor for questions at that time, instructions will be given as to the procedure to follow. If you would like to ask a question before we begin. I would like to remind all participants that today's call is for investors and analysts only therefore, questions from the media will not be taken if you need any assistance. Please contact I Nzas's investor relations team. Please be advised that I za management comments today will include forward-looking statements. It should be noted that a virtue of factors could cause the company actual

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