Cementos Pacasmayo S.A.A. (NYSE:CPAC) Q2 2023 Earnings Call Transcript

Humberto Nadal: Absolutely. I mean we’re already seeing that over the last weeks, regional government is trying to get up to par with El-Nino preventive measures. So yes, I think whether El-Nino happens or not is something we don’t know. We are not clear at this moment or the strength of it, we’re not clear, but we are seeing a lot of investment in terms of preventive works.

Claudia Bustamante: Short-term debt seems high for this year. Cash in hand doesn’t seem enough. Please could you explain a little more about how are you going to overcome it?

Manuel Ferreyros: Yes. Basically, the short term that we’ve acquired has been for the Pacasmayo’s new kiln, but this is a very small amount. It’s only PEN 100-and-something million. And we will — should prepaid during the next 6 months.

Claudia Bustamante: That’s all the questions we have from the webcast. So I’ll hand it over to Humberto for closing remarks.

Humberto Nadal: Thank you, Claudia. Pacasmayo has been operating in Peru for over 65 years. And throughout this time, we have seen demand periodically fluctuate affecting our short-term financial results. However, our strategic model allows us to be ready to take on the market when conditions improve, focusing on those things that generate long-term value. We strongly believe the successful adoption of digital transformation and a culture of innovation and sustainability are those drivers that will lead us toward sustained value generation. The success of these measures is highly reliant on people’s compromise and active participation, and we are absolutely confident that we have the best talent to achieve it. I would like to thank everybody for the renewed interest in our company. And as always, Manuel, Claudia and myself will remain here should you have any further questions. Thank you very much and have a great weekend.

Operator: Thank you, everybody. This does conclude today’s conference. You may disconnect your phone lines at this time, and have a wonderful day. Thank you for your participation.