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CEMEX, S.A.B. De C.V. Management Discusses Q2 2012 Results - Earnings Call Transcript

CEMEX, S.A.B. de C.V. (CX)

Q2 2012 Earnings Call

July 20, 2012 10:00 am ET


Fernando A. González Olivieri - Chief Financial Officer and Executive Vice President of Planning & Finance

Maher Al-Haffar


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.

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