7/21/2026

speaker
Danielle
Conference Operator

Good day, ladies and gentlemen. Welcome to Pacasmayo's second quarter 2026 earnings conference call. At this time, all participants are in a 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.

speaker
Claudia Bustamante
Investor Relations Managing Director

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

speaker
Humberto Nadal
Chief Executive Officer

Thank you, Claudia. Welcome, everyone, to today's conference call, and thank you for joining us today. In the second quarter of 2026, we demonstrated outstanding operational execution and financial discipline. We experienced a strong 15.5% increase in our sales volume for cement, concrete, and precast. It was primarily driven by a robust performance in the self-construction segment and higher demand for back cement. Consequently, our revenues grew by 15.4% reaching 558.9 million soles. Even more impressive is the profitability achieved from this top-line growth. Our consolidated EBITDA reached 174.8 million, an impressive 34.3% increase compared to the second quarter of last year. This resulted in our EBITDA margin expanding by 4.4 percentage points to 31.3%. Furthermore, our net income surged by 61% to $77 million. This peak in profitability is a direct result of operational efficiencies, our extremely solid commercial strategy, and a shift towards higher-margin concrete solutions. In honor of financial metrics, which are always important, we continue to lead the industry through sustainability, innovation, and specialized solutions. We recently received the official verification for our 2025 organizational carbon footprint from EconTech Peru, which validates the real emission reductions we are achieving across our operations. On the innovation front, we successfully secured a tax benefit from Concitec following the approval of our technological innovation project, reinforcing our commitment to long-term competitors and R&D. Our technical expertise is also shaping high-impact infrastructure across the country. To give you a couple of examples, We successfully prefabricated foundations at over 5,000 meters above sea level for the Anacorta-Sucuros project. We also secured the specification of an additional 4.4 kilometers of concrete sheet piles for the Riverbank Defense Project in Ciudad, a crucial endeavor as we prepare for a new phenomenon. None of this could be possible without our absolutely exceptional team. We are deeply honored to have entered the top 15 of the MERCO Talent 2026 Index nationwide, maintaining our position as the number one company to attract and retain talent in the cement sector for the 11th consecutive year. We also recently concluded a new edition of our ALAS, Mujeres que Inspiran, Women that Inspire program, empowering 25 women with Pacasmayo to drive our inclusive culture forward. Recently, Semana Economica published its ranking of the most profitable CEOs in Peru, placing us in the top six. And let me stress the word us, because there's no me in CEO. I receive this recognition with deep humility, humility knowing full well that profitability is never driven by a leader behind a desk. This is a record start of a daily effort, resilience, and unwavering commitment on every single person at the Mentos Pacasmayo. This achievement belongs truly, entirely to our team. I will now turn the call over to Ely to go into more detail financial analysis.

Disclaimer

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Investor presentation