Investor Presentaiton
Net sales
Q4 2023 RESULTS HIGHLIGHTS
Millions of dollars
Q4-23
Q4-22
Var
2023
2022
Var
339.9
288.6
17.8%
1,363.9
1,168.3
16.7%
Operating income before other expenses
98.4
68.2
44.4%
383.1
268.3
42.8%
EBITDA
118.2
90.2
31.0%
472.4
361.6
30.6%
34.8%
31.2%
34.6%
30.9%
EBITDA Margin
Consolidated net income
75.0
4.5
n.m.
295.3
140.3
110.5%
GCC
Consolidated net sales increased 17.8% year-on-year, to US$339.9 million
U.S. sales grew 19.6% as cement and concrete prices rose 8.4% and 9.6%,
respectively
U.S. cement and concrete volumes increased 5.3% and 7.8%, respectively
Mexico sales increased 13.8% reflecting an 8.2% and 12.5% increase in cement
and concrete prices, respectively
Mexico sales excluding the appreciation of the Mexican peso increased by 1.7%
EBITDA increased 31% to US$118.2 million with a 34.8% EBITDA margin
Free cash flow totaled US$107.1 million with a 90.6% free cash flow
conversion rate
Cash and equivalents totaled US$958.7 million
Net leverage (net debt/EBITDA) ratio totaled -0.99x as of December 2023
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