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Orbia Advance Corp Sab
7/24/2025
Good day and welcome to ORBIA's second quarter 2025 earnings conference call. As we turn to slide one, all participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I will now turn the conference over to Diego Echave, Orbea's Vice President of Investor Relations. Please go ahead.
Thank you, operator. Good morning and welcome to Orbea's second quarter 2025 earnings call. We appreciate your time and participation. Joining me today are Samir Baradouache, CEO, and Jim Kelly, CFO. Before we continue, a friendly reminder that some of our comments today will contain forward-looking statements based on our current view of our business, and actual future results may differ materially. Today's call should be considered in conjunction with cautionary statements contained in our earnings release and in our most recent Bolsa Mexicana de Valores report. the company disclaims any obligation to update or revise any such forward-looking statements. Now, I would like to turn the call over to Samir.
Thank you, Diego, and good morning, everyone. Before we begin discussing this quarter's results, I would like to thank our global employees for their continued commitment to improving business performance and solving our customers' challenges in difficult market conditions. Turning to slide three, I will share a high level overview of our second quarter 2025 performance. Revenues of two billion were flat year over year and EBITDA of 300 million decreased 10% compared to the prior year period. Our performance this quarter reflects the ongoing headwinds from challenging global markets in nearly all of our businesses. However, most of our markets seem to have stabilized at current levels and in some cases are showing early signs of improvement with pockets of growth emerging in certain areas. As a result, we are reaffirming our 2025 EBITDA guidance adjusted for non-operating items of between $1.1 billion and $1.2 billion. As communicated in prior quarters, our strategic focus remains on executing initiatives that fortify the balance sheet and position Orbia for long-term value creation. In today's environment, we are concentrating on the factors within our control, addressing customer needs, sharpening our market positioning, and driving robust free cash flow generation to reinforce financial strength. During the quarter, we successfully extended all material debt maturities to 2030 and beyond, raising approximately $1.4 billion to refinance existing obligations. This proactive capital structure management enhances the financial flexibility and reduces near-term refinancing risk. Our disciplined cost management combined with the ramp-up of recently completed growth investments is expected to significantly expand our EBITDA generation capacity. Concurrently, we are advancing the divestiture of non-core assets to sharpen our strategic focus and unlock additional value. In parallel, we have made changes at the board level and continue to make changes at the management level to sharpen focus on performance and strengthen accountability throughout the organization. We remain confident in the compelling growth opportunities across all our business segments and are committed to delivering sustainable returns for our shareholders. I will now turn the call over to Jim to go over our financial performance in further detail.
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