CEMEX SAB de CV (NYSE:CX) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET

Company Participants

Lucy Rodriguez - EVP, IR, Corporate Communications & Public Affairs

Fernando Gonzalez - CEO

Maher Al-Haffar - CFO and EVP, Finance & Administration

Conference Call Participants

Francisco Suarez - Scotiabank

Alejandro Azar - GBM

Benjamin Theurer - Barclays

Adrian Huerta - JPMorgan

Anne Milne - BofA Securities

Yassine Touahri - On Field Investment

Vanessa Quiroga - Credit Suisse

Operator

Good morning. Welcome to the CEMEX First Quarter 2022 Conference Call and Webcast. My name is Hannah, and I'll be your operator for today's call. My name is Hannah, and I'll be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session [Operator Instructions].

And now I would turn the conference over to Lucy Rodriguez, Chief Communications Officer. Please proceed.

Lucy Rodriguez

Good morning. Thank you for joining us today for our first quarter 2022 conference call and webcast. I hope this call finds you and your families in good health.

I'm joined today by Fernando Gonzalez, our CEO; and Maher Al-Haffar, our CFO. As always, we will spend a few minutes reviewing the business, and then we will be happy to take your questions.

I will now hand it over to Fernando. Fernando?

Fernando Gonzalez

Thanks, Lucy, and good day to everyone. Before we begin, I will like to convey that our thoughts are very much with the people affected by the war in Ukraine as we witnessed the humanitarian crisis unfolding there. Our corporate purpose is all about building a better future: homes, infrastructure, school, hospital. And we are saddened to see this destruction and the refugee crisis it had sparked.

We are supporting the UN refugee program and coordinating with local authorities in the communities in which we operate across Europe. We will continue to look for additional opportunities to support the people most affected by this crisis.

Now moving on to our key achievements. I'm quite pleased with our first quarter results. We achieved a double-digit growth in sales with all regions contributing. In a supply chain constrained world, we have tried very hard to meet customer needs.

Our EBITDA was higher than last year, led primarily by EMEA. These results were achieved despite a challenging macroenvironment to which our management team had to adjust in real-time.