CEMEX Third Quarter 2022 Results
SCAC: Sales growth mainly due to strong price contribution/CEMEX
Top line performance driven by 15% increase in cement prices
• Cement performance reflects bagged cement rebalancing as well as
operational and weather issues in the Dominican Republic
• Formal sector continues improving as evidenced by ready mix and
aggregates performance
The decline in EBITDA and EBITDA margin largely resulted from higher energy
costs, lower cement volumes, as well as geographic and product mix
• In Colombia, cement volumes declined 5% as a result of our pricing strategy
• In the Dominican Republic, with our production largely sold out and low
inventories, cement volumes declined double digit due to kiln stoppage as
well as Hurricane Fiona
• In Colombia, guiding for flat cement volumes and mid teens increase for
ready-mix
Expecting Dominican Republic cement volumes to have a low single digit
decline and increasing in the low teens for ready-mix
Cement industry
demand'
I&C
17%
Infrastructure
21%
62%
Panama
Nicaragua
3Q22 YTD
EBITDA
by country²
10%
Guatemala 10%
Other
8%4%
Residential
Dominican
33% Republic
CEMEX estimates
Percentages before intercompany eliminations.
20%
16%
Colombia
TCL Group
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