CEMEX Third Quarter 2022 Results
US: Strong pricing momentum, with sequential EBITDA CEME>
margin improvement
·
Cement industry
I&C
demand'
•
•
Sales and EBITDA grew by double digits, supported by growth in all products
Despite impact from hurricane, sequential EBITDA margins improved 2.4
percentage points, reflecting recovery from 2Q22 maintenance and supply
chain disruptions
15%
Infrastructure
50%
35%
Cement and aggregate volumes rose low single digits while ready-mix was
flat
Residential
•
•
Prices for cement, ready-mix and aggregates growing between 16% and 19%
Announced additional price increases for the remainder of the year and
January
Demand largely driven by the Industrial and Commercial sector, which we
expect to remain an important source of future growth
Nearshoring, the recently passed Inflation Reduction Act, and the
Infrastructure Investment and Jobs Act should act as a catalyst for future
demand
Guiding for low single-digit increase volume growth in all core products for
2022
EBITDA
$M
+10%
3Q21
3Q22
EBITDA
16.1%
14.9%
margin
18
1) CEMEX estimatesView entire presentation