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July 20, 2012 10:00 am ET
Fernando A. González Olivieri - Chief Financial Officer and Executive Vice President of Planning & Finance
Esteban Polidura - Deutsche Bank AG, Research Division
Vanessa Quiroga - Crédit Suisse AG, Research Division
Nikolaj Lippmann - Morgan Stanley, Research Division
Gordon Lee - BTG Pactual S.A., Research Division
Eduardo Siffert Couto - Goldman Sachs Group Inc., Research Division
Michael Betts - Jefferies & Company, Inc., Research Division
Anne Milne - BofA Merrill Lynch, Research Division
Jacob Steinfeld - JP Morgan Chase & Co, Research Division
Good morning. Welcome to the CEMEX Second Quarter 2012 Conference Call and Video Webcast. My name is Sesenia, and I'll be your operator for today. [Operator Instructions] Our hosts for today are Fernando González, Executive Vice President of Finance and Administration; and Maher Al-Haffar, Vice President of Corporate Communications, Public Affairs and Investor Relations.
And now, I will now turn the conference over to your host, Fernando González. Please proceed.
Fernando A. González Olivieri
Thank you, operator, and good day, to everyone. Thank you for joining us for our second quarter 2012 conference call and video webcast. After Maher and I discuss the results of the quarter, we will be happy to take your questions. We are quite pleased with our 22% growth in operating EBITDA on a like-to-like basis on back of a 1% growth in consolidated net sales. This is the highest EBITDA generation since the third quarter of 2009 and the fourth consecutive quarter with a year-over-year EBITDA increase.