# EDGAR Filing Document

**Accession Number:** 0001711375
**File Stem:** 0001157523-23-000431
**Filing Date:** 2023-3
**Character Count:** 18809
**Document Hash:** e022d174b1fa8387ef7c6d19c049522a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001157523-23-000431.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001157523-23-000431

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 23

**CONFORMED PERIOD OF REPORT**: 20230313

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Loma Negra Compania Industrial Argentina Sociedad Anonima
- **CENTRAL INDEX KEY:** 0001711375
- **STANDARD INDUSTRIAL CLASSIFICATION:** CEMENT, HYDRAULIC [3241]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38262
- **FILM NUMBER:** 23729232

**BUSINESS ADDRESS:**
- **STREET 1:** CECILIA GRIERSON 355, 4TH FLOOR
- **CITY:** BUENOS AIRES
- **STATE:** C1
- **ZIP:** C1107CPG
- **BUSINESS PHONE:** 54 114-319-3000

**MAIL ADDRESS:**
- **STREET 1:** CECILIA GRIERSON 355, 4TH FLOOR
- **CITY:** BUENOS AIRES
- **STATE:** C1
- **ZIP:** C1107CPG

#### UNITED STATES <br> SECURITIES AND EXCHANGE COMMISSION <br> Washington, D.C. 20549
&nbsp;&nbsp;&nbsp;&nbsp;_______________

#### FORM 6-K <br> _______________

#### REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 under the<br> Securities Exchange Act of 1934

#### For the month of March, 2023

#### Commission File Number: 001-38262

#### _______________
**LOMA NEGRA COMPAÑÍA INDUSTRIAL ARGENTINA SOCIEDAD ANÓNIMA**<br> (*Exact Name of Registrant as Specified in its Charter)*

**LOMA NEGRA CORPORATION**<br> (*Translation of Registrant's name into English*)

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| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cecilia Grierson 355, 4th Floor**<br> **Zip Code C1107CPG – Capital Federal**<br> **Republic of Argentina** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (*Address of principal executive offices*) |

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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.<br> Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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#### **Table of Contents**

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| Item | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description |
| 1 | Relevant event |

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**

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Loma Negra Compañía Industrial Argentina Sociedad Anónima

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| | | |
|:---|:---|:---|
| Date: March 13, 2023 | By: /s/ | Marcos I. Gradin |
|  | Name: | Marcos I. Gradin |
|  | Title: | Chief Financial Officer |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

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4Q22-Results Conference Call

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Disclaimer and Forward-Looking Statement This presentation may contain forward-looking statements within the meaning of federal securities law that are subject to risks and uncertainties. These statements are only predictions based upon our current expectations and projections about possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," "seek," "forecast," or the negative of these terms or other similar expressions. The forward-looking statements are based on the information currently available to us. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including, among others things: changes in general economic, political, governmental and business conditions globally and in Argentina, changes in inflation rates, fluctuations in the exchange rate of the peso, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy and various other factors. You should not rely upon forward-looking statements as predictions of future events. Although we believe in good faith that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Any or all of Loma Negra's forward-looking statements in this release may turn out to be wrong. You should consider these forward-looking statements in light of other factors discussed under the heading "Risk Factors" in Company's Annual Report on Form 20-F, as well as periodic filings made on Form 6-K, which are filed with or furnished to the United States Securities and Exchange Commission. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations. The Company presented some figures converted from Argentine pesos to U.S. dollars for comparison purposes. The exchange rate used to convert Pesos to U.S. dollars was the reference exchange rate (Communication "A" 3500) reported by the Central Bank for U.S. dollars. The information presented in U.S. dollars is for the convenience of the reader only. Certain figures included in this report have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be arithmetic aggregations of the figures presented in previous quarters. Note: Loma Negra's financial information has been prepared in accordance with the Argentine Securities Commission (Comisión Nacional de Valores-CNV) and with International Financial Reporting Standards. Following the categorization of Argentina as a country with a three-year cumulative inflation rate greater than 100%, the country is considered highly inflationary in accordance with IFRS. Consequently, starting July 1, 2018, the Company is reporting results applying IFRS rule IAS 29. IAS 29 requires that results of operations in hyperinflationary economies are reported as if these economies were highly inflationary as of January 1, 2018, and thus year-to-date, together with comparable results, should be restated adjusting for the change in general purchasing power of the local currency, using official indices. For comparison purposes and a better understanding of our underlying performance, in addition to presenting 'As Reported' results, we are also disclosing selected figures as previously reported excluding rule IAS 29. Additional information in connection with the application of rule IAS 29 can be found in our earnings report. 1

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Cement business continues to deliver strong results in the quarter with demand reaching all time highs for the year. As reported results Net revenues reached Ps. 36.8 billion, down 2.0% (US$215 million; +15.1%) Adjusted EBITDA up 5.4% to Ps. 13.2 billion (US$91 million; +42.7%) Net Profit of Ps. 7.5 billion Consolidated Adjusted EBITDA margin reached 35.8%, expanding 252 bps YoY FY21 EBITDA of US$289 million and margin of 29.9% Solid balance sheet with Net Debt to LTM Adj. EBITDA ratio of 0.37x Returning value to our shareholders. Dividends distribution for Ps. 15,450 million (US$126 million) in FY22 Share repurchase for Ps. 1,263 million (US$10 million) in FY22 Note: Figures in US dollars result from the calculation of figures expressed in Argentine pesos, as previously reported (without the application of IAS29) and the average exchange rate for each reporting period. 2 SOLID QUARTER LEADS TO RECORD YEAR

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ESG - Sustaintability Report 3

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Direct GHG emissions intensity 503.49 kg CO2/tn cement (-2.3% with YoY) Clinker Factor 69% Thermal energy intensity 3,37 GJ/tn Clinker (-3% YoY) Electrical intensity 0,35 GJ/tn cement, (-3% YoY) 100% of employees trained on the Company's Integrity Program, reinforcing the commitment to ethics and transparency Compliance Week: Dissemination of good practices and ethical decision-making Impulsar Loma Program: 43 companies, customers and suppliers participated in an awareness day on ESG issues Women in Concrete Program: First 12 women in Argentina trained to operate concrete mixer trucks. 40% of new employees in 2022 were women and we increased 50% of women on the payroll vs Dec 2021 We promote an inclusive purchasing plan to contribute to social organizations that work on the labor or productive inclusion of people with disabilities. OUR COMMITMENT TO SUSTAINABILITY E S G 4 Scan to access to our Sustainability Report 2022 for more detail information on this matters

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Macro & Industry context Revenues and Volumes 5

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Source INDEC and BCRA (Argentina Central Bank) Market Expectations (REM) Source INDEC: Construction activity indicator, ISAC (Indicador Sintético de la Actividad) . Based on AFCP which reports standalone cement sales, while Loma Negra reports Cement, Masonry and lime sales Jan and Feb' 22 : As of the date of this presentation, ISAC figures were not released 6 Apr Feb Jan Mar May Jul Nov Jun Aug Dec Sep Oct 4 Oct'22 Feb'23 Feb'22 Ago'22 Mar'22 Apr'22 May'22 Jun'22 Jul'22 Jan'23 Sep'22 Nov'22 Dic'22 Cement Industry ISAC 2019 2022 2020 2021 2023 2022 - THE INDUSTRY SETS A NEW DISPATCH RECORD GDP Growth1 (YoY Growth, %) Construction Activity2 & Monthly Industry Cement Sales3 (YoY Growth, %) Monthly Industry Cement Sales3 ('000 tons) Industry Cement Sales by Type3 (%) 4

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Revenue Performance: Cement, masonry & lime: decreased 4.8% YoY, with volumes almost flat, expanding 0.9% and a softer pricing dynamic Concrete: up 29.4% YoY. Volumes up 17.5% coupled with good pricing performance Railroad: decreased 5.5% YoY. Volumes down by 3.2%, with pricing performance affected by product mix Aggregates: increased 44.5% YoY. Volume maintain positive trend, up 30.1% with positive pricing performance Sales volumes include inter-segment sales Sales revenues include inter-segment sales and Other segments 7 Sales Volumes (1) Revenues (AR$ million) (2) Total Net Revenues 36,763 37,512 -2.0%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4Q22 4Q21 % Chg.&nbsp;&nbsp;&nbsp;&nbsp; Cement, masonry & lime MM Tn 1.69 1.68 0.9% Concrete MM m3 0.15 0.13 17.5% Railroad MM Tn 1.09 1.13 -3.2% Aggregates MM Tn 0.33 0.25 30.1%&nbsp;&nbsp;&nbsp;&nbsp; 4Q22 4Q21 % Chg.&nbsp;&nbsp;&nbsp;&nbsp; 32,354 33,995 -4.8% 3,427 2,649 29.4% 2,870 3,038 -5.5% 1,039 719 44.5%&nbsp;&nbsp;&nbsp;&nbsp; 2022 2021 % Chg.&nbsp;&nbsp;&nbsp;&nbsp; 128,244 128,418 -0.1% 12,266 10,372 18.3% 11,684 11,648 0.3% 3,617 2,158 67.6%&nbsp;&nbsp;&nbsp;&nbsp; 145,133 143,501 1.1% 2022 2021 % Chg. 6.72 6.13 9.7% 0.58 0.52 11.0% 4.54 4.33 4.8% 1.24 0.84 48.1% CEMENT VOLUMES SETTING NEW RECORD FOR THE FY22 REVENUE DOWN 2% FOR THE QUARTER

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Business Performance 8

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Consolidated gross profit declines 24.9% YoY, with gross margin contracting 810 bps to 26.5% mainly affected by price dynamics, higher costs related to higher thermal energy inputs, an increase in maintenance costs and a higher inflation scenario partially compensated with a decrease in electrical energy inputs. Compression in Cement and Concrete margins partially offset by an improvement in Aggregates for the quarter. SG&A decreased by 13.8% YoY, reaching 8.7% as % of sales decreasing 119 bps YoY 9 Gross Profit & Margin Selling, General & Administrative As a % of Sales AR$ Million AR$ Million Gross Margin 26.5% 34.6% 31.6% 27.0% -24.9% -13.6% 8.6% 9.9% 8.6% 8.7% +1.5% -13.8% GROSS PROFIT DECLINES TIGHTER MARGINS ON 4Q22 AND FOR FY22

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Adjusted EBITDA & Margin AR$ Million Consolidated Adjusted EBITDA Margin for the quarter reached 35.8%, up 252 bps YoY. Property sale effect accounted for 913bps By segments Cement, masonry cement and lime segment Adjusted EBITDA margin stood at 39.1%, expanding 170 bps YoY. Excluding the property sale, margin would have stood at 28.7% primarily due to lower price performance and higher thermal energy inputs Concrete Adjusted EBITDA contracted 334 bps reaching 2.7% from 6.1% in 4Q21 Railroad Adjusted EBITDA margin expanded 1,794 bps YoY to 5.1% mainly explained by a recognition of an allowance for doubtful receivables that impacted the result in 4Q21 Aggregates Adjusted EBITDA margin surged 2,717 bps reaching 25,9% from negative 1.2% in 4Q21 US$ million Consolidated Adjusted EBITDA of US$91 million in 4Q22, up 5.4% when measured in Ps. Operational result boosted by the sale of a non-strategic property for US$19 million. For FY22, EBITDA stood at US$289 million, down 3.8% when measured in Ps. Note: Figures in US dollars result from the calculation of figures expressed in Argentine pesos, as previously reported (without the application of IAS29) and the average exchange rate for each reporting period. 10 33.3% Adjusted EBITDA Margin 29.9% 35.8% 31.4% +5.4% -3.8% 63 91 215 289 ROBUST QUARTER LEADS TO RECORD EBITDA GENERATION FOR 2022

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Bottom line Financial performance 11

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Net Profit Attributable to Owners AR$ Million Net Profit breakdown: Adjusted EBITDA increased by 5.4% YoY Total finance gain of Ps. 380 million in 4Q22 compared to a net cost of Ps. 279 million in 4Q21 Foreign exchange loss of Ps. 3,005 million in 4Q22, compared to Ps. 675 million loss in 4Q21 Gain on net monetary position was Ps. 6,119 million in 4Q22 compared to Ps. 715 million in 4Q21 Net Financial expense, stood at Ps. 2,733 million compared to Ps. 318 million YoY, primarily due to the increase of the total debt position Net Profit Attributable to Owners of the Company in 4Q22 was Ps. 7.3 billion, up from Ps. 5.7 billion in 4Q21. The full year comparison is mainly affected by the financial result generated due to the cancelation of US$ denominated debt with local funds in 3Q22 Finance Gain (Costs), net AR$ Million 49 2 Note: Figures in US dollars result from the calculation of figures expressed in Argentine pesos, as previously reported (without the application of IAS29) and the average exchange rate for each reporting period. 12 NET PROFIT UP 37% in 4Q22

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Debt by Currency Debt Maturity schedule (principal) Cash position and Investments of Ps. 4.9 billion and total debt at Ps. 20.8 billion as of end of 4Q22 Net Debt of Ps. 15.9 billion (US$90 MM) with a Debt decrease of US$44 million in the quarter Net Debt/ LTM Adj. EBITDA ratio of 0.37x in FY22 compared with -0.12x in FY21 In 4Q22, Operating cash generation reached Ps. 11.3 billion from Ps. 9.7 billion in 4Q21 where the performance of operational results was boosted by a positive effect of working capital. For FY2022, cash generation from operating activities was Ps. 31.4 billions from Ps. 29.3 in FY2021 Capital expenditures of Ps.5.7 billion in 4Q22 and Ps.10.2 billion for FY 2021 , showing a strong reduction after the completion of L'Amalí expansion Share Repurchased in 4Q21 amounted Ps. 0.8 billion and Ps. 1.9 billion for FY2022 Dividends in FY2022 amounted Ps. 23.6 billion (US$126 million) Note: Figures in US dollars result from the calculation of figures expressed in Argentine pesos, as previously reported (without the application of IAS29) and the average exchange rate for each reporting period. US$ Million 2024 Cash Position 1Q23 2Q23 3Q23 4Q23 54 Ps. USD US$117 MM 13 Cash Flow Highlights amounts expressed in millions of pesos 4Q22 4Q21 FY22 FY21 Net cash generated by operating activities 11,250 9,659 31,362 29,316 Net cash used in investing activities (2,984) (4,412) (4,717) (17,230) Net cash (used in) generated by financing activities (7,393) (4,850) (24,782) (17,063) Cash and cash equivalents at the end of the period 4,911 6,439 4,911 6,439 ROBUST BALANCE SHEET AND STRONG CASH GENERATION

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2022 Outlook 14

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2022 cement demand set a new record, with LOMA growing in volumes above the industry and also setting a record of EBITDA generation. For 2023 we foresee growth to continue, although at a smother pace following the trend of the general level of activity. Amid the political and macroeconomic turbulences of an election year, we remain focused on delivering strong results and we are well positioned to capture future growth. With the release of our second Sustainability Report, we want to highlight our commitment and share with our stakeholders our goals and aspirations. 15 2023 OUTLOOK

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Financial Tables 16

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Adjusted EBITDA Reconciliation & Margin

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Balance Sheet

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Income Statement

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Statement of Cash Flows

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