Marcelo Furlan Palhares's questions to CEMENTOS PACASMAYO SAA (CPAC) leadership • Q2 2025
Question
Marcelo Furlan Palhares of Itau BBA inquired about Cementos Pacasmayo's outlook for the second half of the year, specifically regarding sales volume trends, Capital Expenditure (CapEx) expectations, potential EBITDA margin improvements, and the company's dividend policy.
Answer
Humberto Nadal Del Caprio, CEO, stated that high single-digit volume growth is expected to continue, driven by infrastructure projects. He clarified that sustaining CapEx is around 100 million soles annually with no major growth projects planned. Mr. Nadal anticipates the EBITDA margin will remain stable at 28-29% and noted that the company's dividend policy is consistent, with a higher probability of dividends increasing rather than decreasing.