Sign in

    Wilfredo Jorel Guilloty • Goldman Sachs

    Wilfredo Jorel Guilloty's questions to Cemex SAB de CV (CX) leadership

    Wilfredo Jorel Guilloty's questions to Cemex SAB de CV (CX) leadership • Q1 2025

    Question

    Wilfredo Jorel Guilloty from Goldman Sachs asked about the near-term impact of potential U.S. cement import tariffs on import flows and CEMEX's ability to flex its Mexican supply.

    Answer

    CEO Jaime Dominguez stated that CEMEX is prepared to implement price surcharges to pass on tariff costs. He detailed a strategy to leverage the company's flexible Mexican supply network, via both rail and sea, to replace tariff-impacted imports in both the Western and Eastern U.S. He also noted that improving operational efficiency in U.S. plants will further reduce reliance on imports.

    Ask Fintool Equity Research AI

    Wilfredo Jorel Guilloty's questions to Cemex SAB de CV (CX) leadership • Q4 2024

    Question

    Wilfredo Jorel Guilloty of Goldman Sachs asked about the potential impact of rebuilding efforts in Los Angeles following recent wildfires and also sought clarification on the reason for the forecasted decline in 2025 U.S. aggregate volumes.

    Answer

    Executive Lucy Rodriguez clarified that the U.S. aggregates volume decline is due to a couple of quarries reaching their end-of-life, a supply issue. Regarding the L.A. wildfires, she stated the immediate focus is on the crisis and community aid. While the destruction of 12,000 homes will be impactful for future demand, it is too early to discuss specific rebuilding plans.

    Ask Fintool Equity Research AI

    Wilfredo Jorel Guilloty's questions to Cemex SAB de CV (CX) leadership • Q2 2024

    Question

    Wilfredo Jorel Guilloty requested a breakdown of end-market performance in Mexico, asking which sector was strongest and which is expected to outperform going forward.

    Answer

    Executive Maher Al-Haffar described record performance across all sectors in Mexico, with infrastructure being particularly positive and housing picking up. Executive Lucy Rodriguez provided a key data point, highlighting a 50% increase in industrial contracts for ready-mix. This surge, driven by companies already operating in Mexico, serves as strong evidence of nearshoring-related manufacturing activity and points to the industrial sector as a key driver of future outperformance.

    Ask Fintool Equity Research AI

    Wilfredo Jorel Guilloty's questions to Vesta Real Estate Corporation SAB de CV (VTMX) leadership

    Wilfredo Jorel Guilloty's questions to Vesta Real Estate Corporation SAB de CV (VTMX) leadership • Q1 2025

    Question

    Wilfredo Jorel Guilloty from Goldman Sachs Group Inc. inquired about Vesta's target tenant mix for its development pipeline and asked for Vesta's perspective on the overall development pipeline trends in Northern Mexico.

    Answer

    CEO Lorenzo Dominique Berho Carranza stated that Vesta aims to maintain a diversified portfolio, with the auto industry at ~25% and logistics/e-commerce having room to grow from its current ~45% level. He observed a development slowdown in the North but noted that fundamentals remain balanced with stable rents and low vacancy.

    Ask Fintool Equity Research AI

    Wilfredo Jorel Guilloty's questions to Vesta Real Estate Corporation SAB de CV (VTMX) leadership • Q4 2024

    Question

    Wilfredo Jorel Guilloty from Goldman Sachs asked for color on the occupancy and lease spread expectations embedded within Vesta's guidance. He also inquired if competitors are similarly downshifting their development pipelines in the current macro environment.

    Answer

    CEO Lorenzo Dominique Berho Carranza noted that some peers are occupied with a major merger, while others lack significant development capabilities. He described Vesta's strategy as driving carefully, using the 'gas pedal' on opportunities and the 'brake' when necessary. Regarding guidance, he stated that Vesta is in great shape on occupancy and expects to maintain current levels. For lease spreads, he anticipates continuing the recent trend of approximately 8% increases on renewals over in-place rents, which is well above inflation.

    Ask Fintool Equity Research AI