Cementos Pacasmayo S.A.A.

2025 Earnings Conference Call. At this time, all participants are in listen-only mode. And please note that this call is being recorded. At the conclusion of our prepared remarks, we will conduct a question and answer session. I'll now like to introduce the host of today's call, Mrs. Claudia Bustamante, Investor Relations Managing Director. Mrs. Bustamante, you may now begin.

Thank you, Luis. Good morning, everyone. Joining me on the call today is Mr. Humberto Nadal, our Chief Executive Officer. and Ms. Eli Hayashi, 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. Ms. Hayashi 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 filing. With that, I'd now like to turn the call over.

Thank you, Claudia. Welcome, everyone, to today's conference call, and thank you for joining us today. I would like to begin with a brief overview of this quarter's results. We saw an extremely solid recovery in sales volume, up 7.1% year-over-year, as a result of stronger demand for cement as well as concrete, mostly for infrastructure-related projects. Consolidated EBITDA was 130.2 million this quarter, a 9% increase when compared to the same period of last year, despite the increase in expenses related to our collective bargaining negotiations. The performance this quarter reflects our disciplined execution and alignment with our strategic objectives. Turning on to the progress for our strategy, I would like to focus on the steady growth in infrastructure projects this quarter and throughout the year. It is crucial to understand that despite more than three decades of sustained economic growth, Peru still faces a significant infrastructure and housing deficit. As a leading provider of building solutions, we are deeply aware of our role in addressing this challenge by delivering high-quality products and services, but more importantly, those that improve the quality of life and applicability of our clients, we are not only supporting infrastructure development, but we are mainly driving economic growth and social inclusion. Cement is more than just a building material. It's a synonym for progress. There is no sustainable economic or social development without infrastructure, and we all know that. People need proper housing, access to markets, education, and health services. And all of that begins with solid, resilient infrastructure. The Oras por Impuestos, or Work for Taxes program, is an innovative program mechanism that enables private companies to finance public infrastructure projects in advance of their income tax payments, receiving in exchange tax certificates. This is an excellent mechanism to contribute to national development by executing those projects that have already been prioritized by local governments, but have not yet been carried out mainly due to limited execution capabilities. This has also proven to be one of the most effective platforms for showcasing the benefits of concrete and building solutions in our area of influence. The roles we built for Impuestos have already proven their resilience, with stunning severe climate events such as El Niño and Cyclone Yaku. These underlines not only the technical advantage of concrete and proper building techniques, especially in areas prone to heavy rainfall, but also, and mostly, the long-term value of building resilient infrastructure. We are very proud to be among the top five contributors to this program, and this year alone, we are committed over $100 million through it. It's an extremely powerful example of how public-private collaboration can accelerate impact. While we demonstrate the quality, durability, and efficiency of our concrete solutions, we also help improve connectivity, unlock economic opportunities, and support regional development. Of course, None, and I want to stress, none of these achievements will be possible without our people. For the seventh consecutive year, we're recognized as a top-ranked cement company in the American Talent Index and ranked 19th overall across all industries. Talent remains our greatest competitive advantage, our greatest challenge, and this recognition reflects our commitment to attracting and developing the best professionals in the market. We are confident that these positive results are just the beginning. and the development we continue to build in the coming quarters. We remain extremely optimistic about the future of our country and the future of our market. I will now turn the call over to Eli to go into more detail on our analysis.