Start Time: 10:00 End Time: 11:26 CEMEX, S.A.B. de C.V.(CX) Q2 2010 Earnings Call July 27, 2010; 10:00 am ET Executives Fernando Gonzalez - Executive Vice President, Planning and Finance Rodrigo Trevino - Chief Financial Officer Analyst Carlos Peyrelongue - Merrill Lynch Nick Sebrell - Morgan Stanley Robert Eason - Goodbody Ireland Gonzalo Fernandez - Santander Mike Betts - Jefferies Dan McElwee - Citigroup Gordon Lee - UBS Yaseen Turabi - Exane BNP Paribas Tim Castle - Darby Tobias Woerner - MF Global Alejandro Luciano - Credit Suisse PresentationOperator
Good day, ladies and gentlemen, and welcome to the second quarter 2010 CEMEX earnings webcast. My name is Marcella and I will be your operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes. Our speakers for today are Fernando Gonzalez, Executive Vice President, Planning and Finance; and Rodrigo Trevino, Chief Financial Officer. And I would now like to turn the conference over to your host for today, Mr. Fernando Gonzalez, Executive Vice President of Planning and Finance. Please proceed. Fernando Gonzalez Good day to everyone. Thank you for joining us for our second quarter conference call and video webcast. I would like to remind you that any forward-looking statements we make today are based on our current knowledge of the markets in which we operate and could change in the future due to a variety of factors beyond our control. Today, we will be joined by Gilberto Perez, President of our U.S. operations, for the question-and-answer session. I would like to start with three key messages: First, the leveraging continues to be the focus of our financial strategy. During the quarter, we paid down close to $650 million in debt including about $330 million under our financing agreement, ahead of schedule and plan.