Unacem A : OTROS HECHOS DE IMPORTANCIA

UNACEM Corp

1Q2024 Conference Call

May 20th, 2024

Firmado Digitalmente por:

MONICA PAUCAR TORANZO Fecha: 20/05/2024 06:46:56 p.m.

Presenting today

Pedro Lerner

Alvaro Morales

Corporate CEO

Corporate CFO

Disclaimer…

Please note that this presentation might disclose some forward-looking statements related to Grupo UNACEM based on currently known facts, expectations and forecasts, circumstances and assumptions regarding future events. Many factors could cause the future results, performance or achievements of Grupo UNACEM to be different from those expressed or

assumed herein, so this should be considered for reference only

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1Q2024

HIGHLIGHTS

1. Revenues increased +13.9%

1. EBITDA growth +7.2%

1. Leverage ratio: 3.4x, temporaly above our target

1. First quarter consolidating full results of Tehachapi and Termochilca

Macro Dynamics

Our Latin American operations continue to face a challenging environment …

Peru GDP

Ecuador GDP

% YoY
16.0%
2.8%	1.4%	3.0%
	-0.6%

▪ Recovery in the economy

driven by the private and

public consumption

▪ GDP expected for 2024 its

3.0% higher than last report

(2.6%)

% YoY

4.2%

2.9% 2.3%

0.0%

0.7%

• Recovery in the construction sector mainly from the private side given that public construction remains flat

-10.9%
2020	2021	2022	2023	1Q24	2024E

-7.8%

2019

2020

2021

2022

2023

2024E

Chile GDP

USA GDP

% YoY
11.7%
2.4%	2.3%
0.7%	0.2%

-6.2%

2019 2020 2021 2022 2023 2024E

• The household consumption shows negative results (- 5.2%) for 2023
• The manufacture, energy and transport sector is driven economy for a positive outlook

% YoY

	5.9%										▪	Favorable business
			2.5%							environment in the US
		1.9%	1.6%	2.4%		▪	Expectations of lower
												inflation and a rate cut
											▪ The Infrastructure bill would
												have an important impact in
-2.8%												our operations
2020	2021	2022	2023	1Q24	2024E

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Our brand in the

US

We have completed the first stage of the integration process with our California operationson schedule …

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Forward looking expectations for 2024…

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1Q24 Revenue

We recorded an increase in revenues with a full quarter consolidating Termochilca and Tehachapi operations…

1Q24 Revenue contribution by country

PEN Million, %

1%

7%

20%

54%

8%

10%

Energy

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1Q24 Volumes

With solid volumes in 1Q24, except for cement in Peru and Ecuador

Volume 1Q24

-8.2% +14% +78.3%

1

1.3 M mt 717k m3 953 GWh

-2.6%-4.4%

2

266k mt

28k m3

+66.4% +12.2% +1.2%

3

243k mt 254k m3

421k mt

+11.4% +5.3%

4

3

2

1

4

Total group's capacity

12.5 M mt

5.5 M m3

9.7 M mt

271 MW

381 MW

131k mt 201k m3

1Q24 COGS and SG&A

COGS increased due to lower economies scale and SG&A maintained stable and we recorded non recurring income…

1Q24 COGS & gross margin	1Q24 Administrative expenses	1Q24 Selling expenses	1Q24 (Other income) and expenses, net
PEN Million, %	PEN Million, %	PEN Million, %	PEN Million

1,0061,198

28.6%25.4%

1Q231Q24

COGS	Gross Margin

	+32.3%
	134
102
1Q23	1Q24

+4.2%	6

2627

-26

1Q231Q24

1Q231Q24

19.1% COGS increase & lower gross		32.3% Administrative expenses increase:		4.2% Selling expenses increase:		Other income / expenses net decrease:
margin:		▪	Higher personnel expenses due to the		▪ Selling Expense/Revenue ratio in line		▪ Sale of land in USA with PEN 27.3mm
▪ Incorporation of Termochilca and			incorporation of Termochilca and		with revenues		profit
Tehachapi to the portfolio			Tehachapi
▪ Lower economies of scale in the		▪	Higher donations
cement operations in Peru and		▪	Consultancies
Ecuador		▪	Higher taxes
▪ Higher raw materials cost in Chile

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