Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Q2 2023 Earnings Conference Call August 10, 2023 10:00 AM ET

Company Participants

Diego Jalon - Head of Investor Relations

Sergio Faifman - Chief Executive Officer & Vice President of the Board of Directors

Marcos Gradin - Chief Financial Officer

Conference Call Participants

Daniel Rojas - Bank of America

Operator

Good morning, and welcome to the Loma Negra Second Quarter 2023 Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask question. Also Mr. Sergio Faifman will be responding in Spanish immediately following an English translation. [Operator Instructions] Please note that, this event is being recorded.

I would like now to turn the conference over to Mr. Diego Jalon, Head of IR. Please Diego, go ahead.

Diego Jalon

Thank you. Good morning, and welcome to Loma Negra's earnings conference call. By now everyone, should have access to our earnings press release and the presentation for today's call, both of which were distributed yesterday after market close.

Joining me on the call this morning will be Sergio Faifman our CEO and Vice President of the Board of Directors; and our CFO, Marcos Gradin. Both of them will be available for the Q&A session.

Before we proceed, I would like to make the following safe harbor statements. Today's call will contain forward-looking statements, and I refer you to the forward-looking statements section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements, to reflect new or changed events or circumstances. This conference call will also include discussion on non-GAAP financial measures. The full reconciliation of the corresponding financial measures is included in the earnings press release.

Now, I would like to turn the call over to Sergio.

Sergio Faifman

Thank you, Diego. Hello, everyone, and thank you for joining us this morning. I would like to begin my presentation, with a discussion of the highlights of the quarter, and then Marcos will take you through our market review and financial results. After that, I will provide some final remarks and then we will open the call to the questions.

Starting with slide 2, I'm very pleased to present you the second quarter as we are highly satisfied, with the results achieving during this period. The macroeconomic struggle and the increase in political uncertainty as we approach the presidential election has started to affect the level of economic activity. In this context, the contraction activity at the cement industry remain resilient, with sale volume tracking second for the second quarter in historical terms despite showing a decrease year-on-year.