2Q19 Financial Highlights * In PhP millions 2Q18 2Q19 Net Sales - - PDF document

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Eagle Cement Corporation

1H 2019 Analysts’ Briefing Presentation

06 August 2019

2Q19 Financial Highlights

1,849 2,229 4,208 5,123

2Q18 2Q19

* In PhP millions

Net Sales EBITDA EBIT Net Income

+22% Margins 2Q19 2Q18 Gross Profit 47% 49% EBITDA 44% 44% EBIT 39% 41% Net Income 34% 30%

1,720 2,012 1,256 1,744

+39% +17% +21%

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1H19 Financial Highlights

3,519 4,241 8,211 10,494

1H18 1H19

* In PhP millions

Net Sales EBITDA EBIT Net Income

+28% Margins 1H19 1H18 Gross Profit 45% 48% EBITDA 40% 43% EBIT 36% 39% Net Income 32% 28%

3,212 3,796 2,322 3,335

+44% +18% +21%

Income Statement

In M Php` 1H 2019 1H 2018 % change Net Sales 10,494 8,211 28% Cost of Goods Sold 5,800 4,257 36% Gross Profit 4,694 3,954 19% Operating Expense 926 790 17% Income from Operations 3,768 3,164 19% Finance Costs (253) (178) 42% Interest Income 433 229 89% Other Income/(Loss) – net 28 49 (42%) Income before Income Tax 3,976 3,264 22% Provision in Income Tax 641 942 (32%) Net Income 3,335 2,322 44%

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Financial Position

In M Php 30-June-19 31 Dec-18 % change Cash and Financial Assets 18,673 16,359 14% Trade and Other Receivables 545 483 13% Inventories 1,807 1,504 20% Other Current Assets 1,134 1,098 3% Total Current Assets 22,159 19,444 14% Total Non current Assets 26,597 26,020 2% Total Assets 48,756 45,464 7% Current Liabilities 6,610 4,658 42% Noncurrent Liabilities 7,472 7,985 (6%) Interest Bearing Loans 7,883 8,323 (5%) Total Liabilities 14,083 12,643 11% Equity 34,674 32,820 6%

Liquidity & Gearing Ratios

Liabilities 12,643 Liabilities 14,083 Equity 32,820 Equity 34,674

45,464 48,756

Total Assets

*In PhP millions

30 June 2019 31 Dec 2018 Current Ratio 3.35x 4.17x Debt to Equity 0.41x 0.39x Financial Debt to Equity 0.23x 0.25x Net Financial Debt to Equity

• 0.27x
• 0.24x

Total Liabilities & Equity

31-Dec-18 31-Dec-18 30-June-19 31-June-19

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Business Updates

Expansion Plans Location Annual Capacity (in M MT) Status Finish Mill 5 Bulacan 1.5 million On going construction Production Line 4 Malabuyoc, Cebu 2.0 million 2021 completion Overview @ Finish Mill 5 proper Overview @ Feed Bin Tank Bldg. for FM5

Key Messages

➢ First half net sales increased by 28% on the back of strong sales volume growth ➢ Margins were maintained at healthy levels, outperforming peer’s average. ➢ Net income grew by 44%.

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Thank you!

End of Presentation