Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2013
Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1)
(“the Company” or “Cementos Pacasmayo”) a leading Peruvian cement
company, announced today its consolidated results for the first quarter
(“1Q13”) ended March 31, 2013. These results have been prepared in
accordance with International Financial Reporting Standards (“IFRS”) and
are stated in nominal Peruvian Nuevos Soles (S/.).
Financial Highlights:
It is important to note the following highlights:
-
Cement sales volume increased 6.5% in 1Q13 compared to
1Q12.
-
Net income increased 13.0% in 1Q13 compared to 1Q12 (S/.
45.1 million vs. S/. 39.9 million).
-
Cement EBITDA increased 15.1% in 1Q13 compared to 1Q12
(S/. 84.5 million vs. S/. 73.4 million).
-
Consolidated adjusted EBITDA margin went from 25.8% in
1Q12 to 27.9% in 1Q13.
-
Private offering of US$ 300 million in Senior Notes in the
international markets – On February 1, 2013, the Company
successfully placed US$300 million in Senior Notes, with a coupon rate
of 4.50%, and a yield to maturity of 4.625%, due on 2023. Demand for
the notes exceeded US$ 2.5 billion.
For a full version of Cementos Pacasmayo’s First Quarter 2013 Earnings
Release, please visit http://www.cementospacasmayo.com.pe/investors/
CONFERENCE CALL INFORMATION:
Cementos Pacasmayo will host a conference call Tuesday, April 30, 2013,
to discuss these results at 12:00 pm New York time/11:00 am Lima time.
To participate, please dial:
+1 800 311 9401 (From within the U.S.)
+1 334 323 7224 (International participants)
Passcode: 26737
There will also be a live Audio Webcast of this event available at:
http://services.choruscall.com/links/cpac130430.html
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the
only cement manufacturer in the Northern region of Peru. In February
2012, the Company’s shares were listed on The New York Stock Exchange -
Euronext under the ticker symbol "CPAC". With more than 55 years of
operating history, the Company produces, distributes and sells cement
and cement-related materials, such as concrete blocks and ready-mix
concrete. Cementos Pacasmayo’s products are primarily used in
construction, which has been one of the fastest-growing segments of the
Peruvian economy in recent years. The Company also produces and sells
quicklime for use in mining operations.
For more information, please visit: http://www.cementospacasmayo.com.pe/investors/
Note: The Company presented some figures converted from Nuevos
Soles to U.S. Dollars for comparison purposes. The exchange rate used to
convert Nuevos Soles to U.S. dollars was S /. 2.589 per US$ 1.00, which
was the exchange rate, reported as of March 31, 2013 by the
Superintendencia de Banca, Seguros y AFP’s (SBS). The information
presented in U.S. dollars is for the convenience of the reader only.
Note on Forward-Looking Statements
This press release may contain forward-looking statements. These
statements are statements that are not historical facts, and are based
on management’s current view and estimates of future economic
circumstances, industry conditions, Company performance and financial
results. Also, certain reclassifications have been made to make figures
comparable for the periods. The words “anticipates”, “believes”,
“estimates”, “expects”, “plans” and similar expressions, as they relate
to the Company, are intended to identify forward-looking statements. Statements
regarding the declaration or payment of dividends, the implementation of
principal operating and financing strategies and capital expenditure
plans, the direction of future operations and the factors or trends
affecting financial condition, liquidity or results of operations are
examples of forward-looking statements. Such statements reflect
the current views of management and are subject to a number of risks and
uncertainties. There is no guarantee that the expected events,
trends or results will actually occur. The statements are based
on many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any
changes in such assumptions or factors could cause actual results to
differ materially from current expectations.
For more information please visit www.cementospacasmayo.com.pe/investors/.