Financial Performance - Profit before income tax for 2023 was S/245,708,000, a decrease of 6.5% from S/262,420,000 in 2022[2] - Profit for the year 2023 was S/168,900,000, down from S/176,828,000 in 2022, reflecting a decrease of 4.9%[7] - Total sales for 2023 were S/(000) 1,950,075, a decrease of 7.8% compared to S/(000) 2,115,746 in 2022[42] - Gross profit increased to S/(000) 689,452 in 2023, up from S/(000) 652,031 in 2022, reflecting a gross margin improvement[42] - Operating profit for 2023 was S/(000) 337,555, a slight decrease from S/(000) 355,318 in 2022[42] - Total other comprehensive income for the year was S/170,402,000, slightly down from S/179,135,000 in 2022[7] - Basic and diluted earnings per share for 2023 were S/0.39, compared to S/0.41 in 2022[42] Cash Flow and Investments - Net cash flows from operating activities increased significantly to S/412,323,000 in 2023, compared to S/111,819,000 in 2022[2] - For the year ended December 31, 2023, the net cash flows used in investing activities amounted to S/(000) 289,444, an increase from S/(000) 176,188 in 2022[66] - The company reported a net increase in cash and cash equivalents of S/(000) 7,444 for 2023, contrasting with a decrease of S/(000) 185,845 in 2022[66] - The company’s cash and cash equivalents as of December 31, 2023, were S/(000) 90,193, up from S/(000) 81,773 in 2022[66] - The company incurred S/(000) 661,520 in payments for bank loans in 2023, compared to S/(000) 448,984 in 2022, indicating a significant increase in debt servicing[66] - The company’s purchase of property, plant, and equipment in 2023 was S/(000) 272,600, which is a substantial increase from S/(000) 162,785 in 2022[66] - The company reported cash flow proceeds from the sale of property, plant, and equipment amounting to S/(000) 1,392 in 2023, down from S/(000) 2,664 in 2022[66] Assets and Liabilities - Total current assets decreased to S/(000) 992,249 in 2023 from S/(000) 1,188,453 in 2022, a decline of 16.5%[41] - Total liabilities decreased to S/(000) 2,031,727 in 2023 from S/(000) 2,119,026 in 2022, a reduction of 4.1%[41] - Total equity as of December 31, 2023, was S/(000) 1,190,008, slightly down from S/(000) 1,195,135 in 2022[41] - Non-current liabilities increased to S/(000) 1,342,339 in 2023 from S/(000) 1,165,887 in 2022, an increase of 15.1%[41] - The company’s total liabilities increased to S/(000) 1,500,000 in 2023, reflecting a growth of approximately 10% compared to the previous year[61] - Trade and other receivables decreased slightly from S/145,034,000 in 2022 to S/143,085,000 in 2023, a decline of about 1.3%[92] - Senior notes decreased significantly from S/1,071,781,000 in 2022 to S/569,192,000 in 2023, a reduction of approximately 46.9%[92] - The total financial assets decreased from S/313,974,000 in 2022 to S/233,527,000 in 2023, a decline of approximately 25.7%[92] Corporate Structure and Governance - The company maintains a 100% interest in all its subsidiaries, which include Cementos Selva S.A.C. and others[3] - The company is listed on both the Lima and New York Stock Exchanges, with Inversiones ASPI S.A. holding 50.01% of its common shares[5] - The Group has not breached any financial covenants related to senior notes in the years presented, ensuring compliance with capital structure requirements[88] Employee and Operational Expenses - The total employee benefits expenses for 2023 were S/(000) 292,032, compared to S/(000) 284,731 in 2022, reflecting a year-over-year increase of approximately 2.3%[74] - Depreciation and amortization expenses rose to S/144,195,000 in 2023, up from S/138,539,000 in 2022[2] - Finance costs increased to S/104,045,000 in 2023, compared to S/95,105,000 in 2022, marking an increase of 9.8%[2] - The company paid dividends totaling S/(000) 175,431 in 2023, slightly down from S/(000) 179,820 in 2022[66] Financial Reporting and Compliance - The Group's financial statements are presented in Soles and all values are rounded to the nearest thousand (S/000)[145] - The Group's consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS)[147] - The carrying amount of deferred tax assets is reviewed at each reporting date and reduced if it is no longer probable that sufficient taxable profit will be available[127] Accounting Policies - Revenue from the sale of goods is recognized at the point in time when control of the asset is transferred to the customer, generally on delivery of the goods[134] - The Group recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss[160] - Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment[156] - Inventories are valued at the lower of cost or net realizable value, with costs incurred accounted for accordingly[197] - Mining concessions are stated at cost, net of accumulated amortization and impairment losses, and are amortized using the straight-line method[193] - Stripping costs incurred before production commences are capitalized as part of mine development costs and amortized over the life of the mine[195] - ECLs are recognized in two stages, with a 12-month ECL for credit exposures without significant risk increase and a lifetime ECL for those with significant risk increase[198] - Depreciation of assets is determined using the straight-line method over their estimated useful lives[192] - Borrowing costs related to general borrowings are capitalized using a weighted average of interest rates applicable during the period[191] - Differences arising on settlement or translation of monetary items are recognized in profit or loss[189]

Cementos Pacasmayo S.A.A. (NYSE:CPAC) Q3 2023 Earnings Conference Call October 26, 2023 10:30 AM ET Company Participants Humberto Nadal Del Carpio – Chief Executive Officer Ernesto Sanchez – PRIMA Humberto Nadal Del Carpio As I'm sure you're all aware of already, a new forecasting for 2024, currently with a high probability of being a moderate phenomenon. We have already experienced the effects of inclement weather earlier this year with Cyclone Yaku that among other things interrupted part of the road that ...

Pacasmayo EBITDA ■ We entered the top 10 of Merco Empresas. Pacasmayo Pa 8.2 8.1 8 - -5.00% 6.7 -8.50% 6 4.7 -11.10% 4.4 -10.00% -11.90% 4 -1490% -1590% -15.00% 2 -20.00% 0 3Q22 4Q22 1Q23 2Q23 3Q23 Sales Gross Margin 9 Quarterly Conference Call Presentation 3Q23 CONTENT 01 Quarterly Highlights 02 Our Strategic progress 03 Financial Highlights Quarterly Highlights | --- | --- | --- | |-------------------------|-----------------------|--------------------------| | SALES VOLUME REVENUES | EBITDA | EBITDA MARGI ...

During the three and nine-months periods ended September 30, 2023 and 2022, the Group carried out the following main transactions with Inversiones ASPI S.A. and its related parties: Notes to interim condensed consolidated unaudited financial statements (continued) Compensation of key management personnel of the Group – The compensation paid to key management personnel includes expenses for profit-sharing, compensation and other concepts for members of the Board of Directors and the key management. The total ...

Cementos Pacasmayo S.A.A. (NYSE:CPAC) Q2 2023 Earnings Conference Call July 21, 2023 9:30 AM ET Company Participants Claudia Bustamante - Head, IR Humberto Nadal - CEO & Director Manuel Ferreyros - VP, Administration & Finance & CFO Conference Call Participants Operator Good day, ladies and gentlemen. Welcome to Pacasmayo's Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. I would now like to introduce your host for today's call, Mrs. Claudia Bustamante, Sustainability and Investor Rela ...

Cementos Pacasmayo S.A.A. (NYSE:CPAC) Q1 2023 Results Conference Call April 27, 2023 11:00 AM ET Company Participants Claudia Bustamante - Investor Relations Humberto Nadal - Chief Executive Officer Manuel Ferreyros - Chief Financial Officer Operator Good morning, everyone, and welcome to the Cementos Pacasmayo First Quarter 2023 Earnings Conference Call [Operator Instructions]. Please note, this conference is being recorded. I will now turn the conference over to your host, Ms. Claudia Bustamante, Investo ...

Exhibit 99.1 Cementos Pacasmayo S.A.A. and Subsidiaries Unaudited interim condensed consolidated financial statements as of March 31, 2023 and for the three-month period then ended Cementos Pacasmayo S.A.A. and Subsidiaries Unaudited interim condensed consolidated financial statements as of March 31, 2023 and for the three-month period then ended Content | --- | --- | |-----------------------------------------------------------------------------------------------------|-------| | | | | Report on review of i ...

As filed with the U.S. Securities and Exchange Commission on April 27, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------|------------------------------------------------------------------------------------------------------| | | Commission file number 001-35401 | | | CEMENTOS PACASMAYO S.A.A. (Exact name of Registrant as specified in its charter) | | | PACASMAYO CEMENT CORPORATION (Translation of Registrant's name into English) | | | Re ...

Cementos Pacasmayo ADR (NYSE:CPAC) Q4 2022 Results Conference Call February 15, 2023 9:30 AM ET Company Participants Claudia Bustamante - Investor Relations Manager Humberto Nadal - Chief Executive Officer Manuel Ferreyros - Chief Financial Officer Conference Call Participants Claudia Bustamante - IR Babatunde Ojo - CFA, Portfolio Manager Francisco Suarez - Scotiabank Operator Good day, everyone, and welcome to the Cementos Pacasmayo Fourth Quarter 2022 Earnings Conference Call. At this time, all participan ...

Financial Performance - Revenues increased by 1.7% in 4Q22, reaching S/ 533.8 million, primarily due to higher average prices of bagged cement[3] - Consolidated EBITDA for 4Q22 was S/ 121.0 million, a decrease of 14.5% compared to 4Q21, mainly due to non-recurrent expenses[4] - Net income for 4Q22 was S/ 38.9 million, reflecting a 24.6% decrease, attributed to reduced operating profit and a slight increase in income tax expense[5] - The company achieved a net income of S/ 176.8 million for the full year 2022, a 15.4% increase compared to 2021[28] - Sales of goods in 4Q22 were S/533.8 million, a 1.7% increase from 4Q21, with a total of S/2,115.7 million for 2022, reflecting a 9.2% growth[79] - Gross profit increased by 1.1% in 4Q22 and by 16.6% in 2022 compared to 4Q21 and 2021 respectively, mainly due to cost optimization and increased prices[67] - Profit for the period decreased by 24.6% in 4Q22 compared to 4Q21, primarily due to decreased operating profit and increased non-recurrent expenses[67] - Gross profit for 2022 was S/ 652,031,000, up 16.6% from S/ 559,431,000 in 2021[111] - Basic and diluted earnings per share for 2022 were S/ 0.41, compared to S/ 0.36 in 2021, reflecting a 13.9% increase[111] Sales and Production - Sales volume of cement, concrete, and precast decreased by 7.7% in 4Q22, with total shipments of 836.8 thousand metric tons[24] - Cement production volume decreased by 5.1% in 4Q22, totaling 858.7 thousand metric tons[19] - In 4Q22, cement production volume at the Pacasmayo plant decreased by 8.9% compared to 4Q21, and by 10.2% in 2022 compared to 2021, primarily due to decreased demand from reconstruction projects and self-construction[54] - Total cement production volume decreased by 5.1% in 4Q22 compared to 4Q21, and by 5.4% during 2022 compared to 2021, in line with decreased demand[55] - Cement sales increased by 8.7% in 4Q22 compared to 4Q21, totaling S/446.7 million, and grew by 13.5% for the full year 2022[81] - Quicklime production volume decreased by 47.6% in 4Q22 compared to 4Q21, and by 33.3% in 2022 compared to 2021, mainly due to decreased demand and raw material shortages[58] - Quicklime sales dropped by 57.9% in 4Q22 compared to 4Q21, totaling S/6.4 million, primarily due to decreased sales volume[85] - Sales of construction supplies decreased by 24.4% in 4Q22 compared to 4Q21, amounting to S/26.9 million[86] Costs and Expenses - Total operating expenses increased by 19.8% in 4Q22 compared to 4Q21, reaching S/61.2 million, with personnel expenses rising by 30.1%[75] - Total operating expenses increased to S/ 296,713,000 in 2022 from S/ 241,181,000 in 2021, a rise of 23.1%[111] - Administrative expenses increased by 19.8% in Q4 2022 compared to Q4 2021, mainly due to higher salaries and one-time union bonuses[99] - Selling expenses increased by 55.7% in Q4 2022 compared to Q4 2021, totaling S/14.1 million, driven by higher personnel expenses from a larger salesforce[100] Debt and Assets - As of December 31, 2022, the total outstanding debt reached S/1,593.2 million (US$ 417.1 million), primarily from international and local bond issuances[104] - The net adjusted debt/EBITDA ratio as of December 31, 2022, was 2.9 times[105] - Cash balance as of December 31, 2022, was S/81.8 million (US$ 21.5 million), including S/42.5 million (US$ 11.2 million) in certificates of deposit[102] - Total current assets increased to S/1,188.5 million as of December 31, 2022, compared to S/1,009.4 million as of December 31, 2021[95] - Total liabilities increased to S/2,119.0 million as of December 31, 2022, from S/2,006.0 million as of December 31, 2021[95] - Total assets as of December 31, 2022, amounted to S/3,314.2 million, up from S/3,201.8 million as of December 31, 2021[110] Market and Industry Trends - The construction sector in Peru is estimated to grow by 3.5% in 2022, despite challenges from political instability and rising raw material costs[13] - The company signed the Peruvian Roadmap to net zero on February 2, 2023, demonstrating its commitment to sustainability[11] - The company continues to innovate with digital solutions for retail and industrial channels, enhancing user experience and project management[31] Production Efficiency - The consolidated EBITDA margin for 4Q22 was 22.7%, a decrease of 4.3 percentage points compared to the previous year[25] - Clinker production volume at the Pacasmayo plant increased by 4.9% in 4Q22 compared to 4Q21, and by 7.9% in 2022 compared to 2021, mainly due to kiln optimization in Piura[57] - The consolidated clinker production utilization rate increased by 3.9 percentage points in 4Q22 and by 5.8 percentage points in 2022 compared to 4Q21 and 2021 respectively[65] - The clinker production utilization rate exceeded 100% in 2022, marking a 10.7 percentage point increase due to optimization efforts[77] - The consolidated cement production utilization rate decreased by 3.8 percentage points in 4Q22 compared to 4Q21, reflecting a slight decline in cement demand[78] - Cement production utilization rate at the Pacasmayo plant decreased by 5.8 percentage points in 4Q22 compared to 4Q21, and by 6.9 percentage points in 2022 compared to 2021[61]