Cementos Pacasmayo S.A.A.

Good morning, ladies and gentlemen, and welcome to the Cementos Pacas Mayo third quarter 2022 earnings conference call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Claudia Bustamante. Ma'am, the floor is yours.

Thank you, Matthew. Good morning, everyone. Joining me on the call today is Mr. Humberto Nadal, our Chief Executive Officer, and Mr. Manuel Ferreiros, our Chief Financial Officer. Mr. Nadal will begin our call with an overview of the quarter, focusing primarily on our strategic outlook for the short and medium term. Mr. Ferreiros will then follow with additional commentary on our financial results. We'll then turn the call over to your questions. Please note that this call will include certain forward-looking statements. These statements relate to expectations, beliefs, projections, trends, and other matters that are not historical facts and are therefore subject to risks and uncertainties that might affect future events or results. Descriptions of these risks are set forth in the company's regulatory filings. With that, I'd now like to turn it over to Mr. Humberto Nadal.

Thank you, Claudia. Welcome, everyone, to today's conference call, and thank you for joining us today. This quarter's results show our ability to sustain profitability even in the light of a slowdown in demand. Even when there has been a slight deceleration in terms of volumes, consolidated EBITDA was 124.9 million, a 6.5% increase when compared to the same period of last year, achieving a margin of almost 23%. This is especially relevant considering that during the quarter, we performed preventive maintenance of our killing pura and also our making in Pacasmayo. We were able to shorten the scale of maintenance time in Piura from 30 to 20 days, therefore performing it with our own clinker instead of using imported clinker. We are certain that this approach and our sustained focus on efficiency will continue to reap benefits. As you have mentioned many times before, we are absolutely convinced that operating with sustainability at our core is the only way to ensure a profitable and successful future. without sacrificing the well-being of our planet for future generations. In order to continue aligning our efforts in this front with our overall company strategy and to foster a culture of sustainability for the organization, we have decided to appoint a dedicated management team for this purpose. Along those same lines, and considering the relevance of climate change in our line of business, we have also appointed a dedicated management team for climate change matters. That is the case, so we have both managers appointed by now. This team will focus primarily on achieving our net zero ambitions, considering that one of the biggest challenges we face now is the decarbonization of our operations. Having specific management in climate change will allow us to separate the necessary resources and streamline decision-making process to achieve our emissions reductions objectives. Likewise, we want to consolidate ourselves as a benchmark leader in the construction materials industry for its good climate action practices, actively contributing to benefit our country and protect our planet. We believe that we have always tried to compare ourselves to leaders in both industry and globally. This is why we actively participate in organizations such as FISEM, the Inter-American Cement Federation, that represents the cement producing companies, institutes, and associations all across Latin America, the Caribbean, Spain and Portugal. VISEM also leads the efforts of the regional cement industry in terms of adaptation to climate change and mitigation of emissions. This year, we are taking an even more active role in VISEM. That is why I am part of the 2022-2024 Board of Directors and other members of our company have presented significant initiatives such as our experience in the use of green cement in the north of Peru and our success in the action rate reduction to save the action plan. We will actively continue to take a role in international platforms that allow us both to both share our own experience and to learn from others, as well as to work as an industry to achieve the best possible solutions, creating an enabling environment for innovation, progress and sustainability. Finally, I would like to say that we are extremely proud to call ourselves leaders in the Peruvian cement industry once again, as we have achieved the 15th place in the Merco Company and Leaders 2022 ranking, an outstanding benchmark in Spain and Latin America for the performance of company reputations. The ranking evaluates the policies and initiatives of the main companies in the country through a survey of opinion leaders, journalists, and executives. In particular, the ranking highlights the perception of companies' reputation, being in the top 15 for us, also very special relevant for a company like ours that operates in only one region of the country, unlike most companies that operate at the national or even international level. This achievement is a result of a combined and sustained effort of years by every member of our company, and we strive to continue improving. I will now turn the call to Manuel to go into a more detailed financial analysis. Manuel.