Ternium S.A. (NYSE:TX) Q2 2022 Earnings Conference Call August 3, 2022 9:30 AM ET

Company Participants

Sebastian Marti - Global Investor Relations & Compliance Senior Director

Maximo Vedoya - Chief Executive Officer

Pablo Brizzio - Chief Financial Officer

Conference Call Participants

Timna Tanners - Wolfe Research

Andreas Bokkenheuser - UBS

Alfonso Salazar - Scotiabank

Caio Greiner - BTG Pactual

Thiago Lofiego - Bradesco BBI

Caio Ribeiro - Bank of America

Operator

Thank you for standing by, and welcome to the Ternium Second Quarter Conference Call.

I will now hand today's call over to Sebastian Marti. Please, go ahead.

Sebastian Marti

Good morning and thank you for joining us today. My name is Sebastian Marti and I'm Ternium's Global Investor Relations and Compliance Senior Director. Ternium released yesterday its financial results for the second quarter and first half of 2022. This call is complementary to that presentation.

Joining me today are Ternium's Chief Executive Officer, Maximo Vedoya; and the company's Chief Financial Officer, Pablo Brizzio, who will discuss Ternium's business environment and performance. At the conclusion of our prepared remarks, there will be a Q&A session.

Before we begin, I would like to remind you that this conference call contains forward-looking information and that actual results may vary from those expressed or implied. Factors that could affect results are contained in our filings with the Securities and Exchange Commission and on page two in today's webcast presentation. You will also find any reference to non-IFRS financial measures reconciled to the most directly comparable IFRS measures in the press release issued yesterday.

With that, I'll turn the call over to Mr. Vedoya.

Maximo Vedoya

Thank you, Sebastian. Good morning, everyone, and thank you very much for your participation today in our conference call. Ternium reported strong results for the second quarter with $1.2 billion adjusted EBITDA and a margin of more than $400 per ton.

Hello? I do know if everybody is hearing? Sorry, I will continue. [indiscernible] with a margin of more than $400 per ton. These results were similar to those obtained in the first quarter of the year, representing a solid start for 2022.

Okay. Over the past 12 months, Ternium's solid competitive position and the outstanding effort of its people enable it to take advantage of our very attractive business conditions. In this period, we generated $5.8 billion of adjusted EBITDA, $1.9 billion of free cash flow and returned to shareholders over $500 million in dividend payments.