Building a Better Future
MEAA: Robust 1Q22 performance in Israel and Egypt
CEMEX
Building a better future
•
In Israel, construction activity was strong, with ready-mix and aggregates
volumes growing, while sequential pricing for our products rose between
mid to high single digit
In Egypt, we continue to see strong EBITDA growth driven by the industry
rationalization plan announced by the government since mid-year 2021
In the Philippines, cement volumes declined 6%, impacted by disruptions
caused by Typhoon Odette in December and COVID lockdown measures,
while cement prices improved 3% sequentially, marking four consecutive
quarters of growth
Expecting for 2022 mid-digit cement volumes in the Philippines, while flat
to low single-digit growth in Israel for ready-mix and aggregates
MEAA Cement industry demand'
I&C
Infrastructure
Residential
29%
41%
30%
2021 MEAA EBITDA by country²
Egypt
7%
Israel
48% Philippines
45%
1) CEMEX estimates
2) Percentages before intercompany eliminations. MEAA: Middle East, Africa and Asia
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