Q1 2022 & FY 2021 Results
U.S. INFRASTRUCTURE
PLAN WILL BOOST THE
CEMENT INDUSTRY
BIDEN INFRASTRUCTURE PLAN
GCC
The Infrastructure Investment and Jobs Act is a $1.2 trillion infrastructure package. Included in the package is roughly $550
billion in new surface transportation spending. The plan will take 5-years and combines transformational efforts in roads,
bridges, railroads, and domestic building, among others. All requiring cement
83% of GCCs EBITDA is driven by cement
MARKET
Cement consumption is surpasing 2019 levels with expected growth in 2021
Upcoming high cement demand will be boosted by the U.S. infrastructure plan
LIMITED AVAILABILITY
Decrease of cement availability due to high demand and limited supply
GCC is well positioned to meet U.S. demand with Mexico cement plants and a recently expanded U.S. plant
PRICE INCREASES
In 2021, we increased cement prices twice, which represented an average of 8% increase
2021 cement price increase is greater than the cumulative inflation as of the end of September
Market dynamic could potentially drive the increase in cement prices
Sources: PCA Fall 2021 Forecast. PCA Market Intelligence "Infrastructure Investment and Jobs Act Impact on Cement Consumption" October 2021
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