Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2016

LIMA, Peru--()--Cementos Pacasmayo S.A.A. and subsidiaries (NYSE:CPAC)(BVL:CPACASC1) (“the Company” or “Cementos Pacasmayo”) a leading cement company serving the growing Peruvian construction industry, announced today its consolidated results for the second quarter (“2Q16”) and six months (6M16) ended June 30, 2016. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in nominal Peruvian Soles (S/).

Financial and Operational Highlights:

2Q16 Highlights
(All comparisons are to 2Q15, unless otherwise stated)

  • Volumes of cement, concrete and blocks rose 4.8%
  • Piura plant accounted for almost 40% of total cement and clinker production.
  • Revenues rose 9.1% to S/ 301.7 million
  • Consolidated EBITDA of S/ 93.1 million, up 15.7%, excluding S/.8.8 million non-operating income booked in 2Q15; including this income EBITDA was up 4.3%
  • Net income of S/ 31.3 million, down 18.9% excluding non-operating income booked in 2Q15, due to the stop in capitalization of borrowing costs and increased depreciation following the conclusion of the Piura plant project.
  • Compared to 1Q16, results have increased substantially: gross margin increased 5 percentage points, EBITDA margin increased 3.3 percentage points, and net income margin increased 1.5 percentage points.

6M16 Highlights
(All comparisons are to 6M15, unless otherwise stated)

  • Volumes of cement, concrete and blocks rose 6.5%
  • Revenues rose 7.8% to S/ 611.3 million
  • Consolidated EBITDA of S/ 178.6 million, up 5.2% excluding non-operating income
  • Net income of S/ 59.0 million, down 35.0% excluding non-operating income, due to lower gross profit in 1Q16 and the stop in capitalization of borrowing costs and increased depreciation following the conclusion of the Piura plant project.

For a full version of Cementos Pacasmayo’s First Quarter 2016 Earnings Release, please visit http://www.cementospacasmayo.com.pe/investors/.

CONFERENCE CALL INFORMATION:

Cementos Pacasmayo will host a conference call on Friday, July 22, 2016, to discuss these results at 11:00 a.m. New York time/10:00 a.m. Lima time.

To access the call, please dial:

+1 866 635 0172 (From within the U.S.)
+1 785 424 1629 (From outside the U.S.)

There will also be a live Audio Webcast of the event at:
http://www.investorcalendar.com/IC/CEPage.asp?ID=175130

Contacts

Investor Relations
Claudia Bustamante, Head of Investor Relations
cbustamante@cpsaa.com.pe
511-317-6000 Ext. 2165
or
New York
MBS Value Partners
hugh.collins@mbsvalue.com
212-223-4632

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