CEMEX Third Quarter 2022 Results
Mexico: Pricing driving top line growth
Bulk cement and ready-mix continued to grow supported by the
industrial and commercial sector and infrastructure
Nearshoring activity in the border states, the construction of
distribution and logistics networks as well as tourism are driving
volumes in the formal sector.
Bagged cement volumes impacted by normalization of demand,
temporary market share loss and inflation impacting consumption
Pricing strategy contributing significantly to top line growth
Announced October price increase for bagged cement
The high level of integration of our business with our sold-out US
operations remains a unique competitive advantage
Expect high single digit volume decline for cement, while for ready-
mix and aggregates a high single digit increase, and low to mid
single digit increase, respectively, for 2022
CEMEX
Cement industry
I&C
Infrastructure
demand'
Informal
residential
33%
36%
7%
24%
Formal residential
Net Sales YoY
+9%
1) CEMEX estimates
2) Average daily sales (ADS)
3Q21
3Q22
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