CEMEX Third Quarter 2022 Results slide image

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 estimates
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