Fourth Quarter 2022 Growth and Climate Action
MEAA: Robust performance in Israel and Egypt
In the Philippines, quarterly cement volumes declined as the country
transitions to a new government and macro challenges impact demand.
4Q22 margin was impacted primarily by higher energy costs and major
maintenance
For 2023, we expect volumes to perform between flat and a low single digit
decline
•
■CEMEX
Cement
segment demand'
I&C
Residential
31%
35%
34%
Infrastructure
Our operations in Egypt and Israel continued to show strong top line and
EBITDA growth during the quarter
2022
•
For Israel, while demand remains robust, we expect ready-mix and
aggregates volumes to decline low single-digit, reflecting our capacity
constraints
Egypt
Israel
EBITDA
by country
21%
34% Philippines
O
45%
1) CEMEX estimates
2) Percentages before intercompany eliminations. MEAA: Middle East, Africa and Asia
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