UNACEM Corp (UNACEMC1) Corporate presentation summary

Portfolio and financial performance

• Operations span Peru, Ecuador, Chile and the U.S., across cement, ready-mix, aggregates, power generation and services.

• LTM Mar-24 consolidated revenue was USD 1.748B and EBITDA was USD 405M, with a 23.2% EBITDA margin.

• Peru cement capacity totals 8.3M tonnes; UNACEM Peru held 47.8% market share in 2023 and LTM Mar-24, with a 46.2% average from 2018 to LTM Mar-24.

• Ecuador’s 1.7M-tonne cement-capacity operation had an estimated 24.0% market share in 2023; its plant operated at ~75% capacity.

• U.S. operations added Tehachapi Cement in Oct-23; the plant has over 1M short tons of cement capacity and 34 years of permitted reserves at current production levels.

Sustainability and people

• Carbon-neutrality goal for 2050; 2030 cement-business target is an 18% reduction in CO2 emissions, with a target of 500 kg CO2e per tonne of cementitious material.

• Cement emissions intensity was 612 kg CO2 per tonne in 2022 and 607 kg in 2023; planned levers include lower clinker content, alternative fuels, efficiency, renewables and carbon capture.

• Social programs include Vida Primero safety, Talent 2grow development and VOCES UNIDAS diversity and inclusion; 2023 measures included 53 average annual training hours per employee.

• 6,140 total workers; the diversity and inclusion ranking result was 53%, up 4.0 percentage points, while female turnover fell 1.8 percentage points.

• Governance includes an 11-member board with 3 independent directors and five specialized committees; the compliance system follows FCPA requirements and best practices.

Core business units

• Peru cement plants Atocongo and Condorcocha have cement capacities of 5.5M and 2.8M tonnes, respectively; UNICON Peru operates 28 plants with 402 mixers.

• Power generation includes El Platanal hydro at 227.1 MW, Marañón hydro at 19.9 MW and Santo Domingo de los Olleros thermal at 327 MW; Termochilca was acquired in 2023.

• Celepsa sells 100% of production through PPAs, with 27% sold to UNACEM Peru; energy production and hedges reached 2,108 GWh in LTM Mar-24.

• Chilean operations include two cement grinding facilities with 600,000 tonnes of total capacity and 10 ready-mix plants; a Santiago Metro Line 7 supply project is planned for 2024–2025.

• U.S. operations include Drake Cement, Desert Ready-Mix and Tehachapi; Desert Ready-Mix has 1.0M m³ capacity, and Tehachapi acquisition asset value was USD 315M.