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    Carlos Peyrelongue • Bank of America

    Carlos Peyrelongue's questions to Cemex SAB de CV (CX) leadership

    Carlos Peyrelongue's questions to Cemex SAB de CV (CX) leadership • Q4 2024

    Question

    Carlos Peyrelongue from Bank of America inquired about CEMEX's pricing strategy for 2025, seeking more detail on the approach in the U.S. and Europe, and asked about the market traction of the recent double-digit price increase in Mexico.

    Answer

    CFO Maher Al-Haffar and CEO Fernando Olivieri reiterated that the core pricing strategy is to exceed input cost inflation to protect or expand margins. They are cautiously optimistic about the announced U.S. (mid-single-digit) and Mexico (double-digit) price increases, believing competitors face similar cost structures. Fernando Olivieri detailed the price-cost dynamic of the last three years, emphasizing the consistent goal of maintaining margin integrity.

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    Carlos Peyrelongue's questions to Cemex SAB de CV (CX) leadership • Q2 2024

    Question

    Carlos Peyrelongue asked about the outlook for pricing in Mexico and the U.S. for the second half of the year, questioning if there is room for further increases given the market dynamics.

    Answer

    Executive Maher Al-Haffar stated that pricing strategy follows inflation. With inflation remaining high in Mexico, the company announced mid-single-digit price increases for bagged products and is seeing good traction. In the U.S., increases have been implemented across 75% of the portfolio, with additional selective increases in Texas. Al-Haffar noted that a pricing tailwind exists for the second half even without further actions.

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