Cementos Pacasmayo S.A.A.

Today, ladies and gentlemen, welcome to Pacasmaia First Quarter 2026 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 would now like to introduce your host for today's call, Mrs. Claudia Bustamante, Investor Relations Managing Director. Mrs. Bustamante, you may begin.

Thank you, Rafael. 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. Nihayashi 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, protections, 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 this risk are set forth in the company's regulatory file. With that, I'd now like to turn the call over to Mr. Humberto.

Thank you, Gloria. Welcome, everyone, to today's conference call, and thank you for joining us today. As we discussed last quarter, our company has entered a transcendental new chapter in its almost 70-year history. On March 30, 2026, a significant milestone was finalized with the completion of the acquisition of the Inversiones ASPEE, by Holcim Limited, which now holds a 50.01% controlling interest in Cementos Pacasmayo. This change of control marks a powerful new stage in evolution, opening global opportunities for our teams, and promoting responsible, sustainable construction on a much wider scale. While we look forward to collaborating with a global leader like Holcim, I want to express my deepest and sincere gratitude to the Hoxha Group for a decade of vision and leadership that build the strong foundations upon which we stand today. Our essence, values, and commitment to the development of Peru remain absolutely intact. I would like now to move on to an overview of our results for the first quarter of 2026. In this period, We achieved significant growth and demonstrated remarkable resilience. We saw strong momentum in sales volume with an 11.7% increase year over year, driven primarily by higher demand for cement and concrete. Our solid operational performance was further reflected in our profitability. Consolidated EBITDA reached $177.9 million, an outstanding 32.1% increase compared to the first quarter of 2025. We achieved a significant expansion in our EBITDA margin, which reached 32% up from 27% in the first quarter of 2025. This was driven by discipline, cost control, and gross margin expansion in our core businesses due to operational efficiency. Driven by our commitment to leading the industry responsibly, we reached historic achievements in sustainability this quarter. For the sixth consecutive year, we secured a position in the S&P Global Sustainability Yearbook 2026. Most notably, we have now entered the global top 10% of the construction materials industry, validating the continuous evolution of our ESG management. In terms of social impact, we recently formalized a strategic partnership with the Inter-American Segmental Federation, ISEM, and Habitat for Humanity. This alliance integrates our local Sueños en Concreto program into the 100,000 Floors to Play On initiative, aiming to replace dirt floors with concrete to improve the health and quality of life for thousands of families in northern Peru. As you mentioned, we are very happy with the beginning of this year, and we hope the year will continue in a similar manner. I will now turn the call over to Ellie to go into a more detailed financial analysis.