Good morning, and welcome to Loma Negra Third Quarter 2021 Conference Call and Webcast. All participants will be in listen-only mode. After today’s presentation, there will be an opportunity to ask questions. Also, Mr. Sergio Faifman will be responding in Spanish immediately following an English translation. Please note that this event is being recorded. I would now like to turn the conference over to Mr. Diego Jalón, Head of IR. Please Diego, go ahead. Diego Jalón: Thank you. Good morning, and welcome to Loma Negra’s third quarter earnings conference call. By now everyone should have access to our earnings press release and the presentation for today’s call, both of which were distributed yesterday after market close. Joining me on the call this morning will be Sergio Faifman, our CEO and Vice President of the Board of Directors; and our CFO, Marcos will lead you through our market review and financial results. After that I'll provide some final remarks and then we'll open the call to your questions. As you can see from our release issued yesterday, we're pleased to share our third quarter results where we observed solid demand in higher historic as we keep our core business margin at world-class level. start the strong momentum experienced in cement sales since the start of the recovery in mid 2020 has reached level of most equivalent of the two seen in record industry years. Our high efficient production has enabled us to deliver another robust quarter, despite the impact of the normalization of operation and the subsequent effect of regularly seasonality maintains cost and the higher energy input in our assessment EBITDA margins. Despite these effects, when measured in US dollar, our segment EBITDA increased to $51 million from $48 million in third quarter 2020, even improving the result from last quarter, keeping the use dollar per ton above $30. Finally, regarding the expansion project of L’Amalí, we are delivering cement to the market and not really seeing promising result from the first production budget. We expect to show its benefits in the coming quarters. I will now hand off the call to Marcos Gradin who will walk you through our market review, our financial results. Please Marcos, go ahead.

Thank you, Sergio. Good day, everyone. As you can see on Slide four, leaving behind the steep drops of GDP in 2020, we saw a sharp recovery in the second quarter and an improvement in 2021 GDP estimated growth reaching 8.3%. Construction activity measured by the ISAC also had a strong performance in recent months, started to present more and more growth us third quarter 2020 showed the start of the both pandemic recovery. Regarding seventh national industry sales, they had kept on growing strongly, even above our previous expectation. Consolidated in high figures with 10 months accumulated volumes, almost reaching industry's year record less than 1% down from the same period of 2017. Although we do not see large private infrastructure project recovered mostly on the back of smaller projects. So when breaking down the consumption by dispatch mode, we observed figures in line with historical pre-pandemic coverage. Certainly the economy as a whole still faces different challenges, particularly on the macro-economic outlook that may impact our future growth expectations. Turning on to Slide five for our review of our top line performance by segment, consolidated revenues increase year on year by 8.5% mainly reflecting the continued recovery of the other segments, more effected by the pandemic restriction and the growth of our core seventh business. Segment measure on Lime segment was up 2.4% with volumes expanding 8.4% with softer pricing dynamic. Concrete and aggregates showed sharp revenues recovery of 117% up 47% year on year respectively. As we mentioned before, these segments suffer more deeply defects of the pandemic restrictions. In the case of concrete volume expansion of 111% was underpinned by a positive pricing recovering performance. Regarding aggregates, the segment volume was up 7.2% boosted by a recovery pricing and a positive pricing mix. Finally, railroad revenues…

Thank you, Marcos. Now to finalize the presentation, I please ask you to turn to Slide 13. To wrap up, I would like to highlight the strong evolution of the cement demand with accumulate volume until October almost reaching industry record. Even through, we expect this trend to continue in the fourth coming quarter. We'll remain cautious for the medium term as time phase macroeconomic and political changes that could affect the evolution of the economic activity. Regarding our new line at L’Amalí, we're glad about the advance in the project as we are already delivering cement to the market. We are into segment with the preliminary results and expect to start seeing the better efficient and economic benefit in future quarters. Other, this additionally capacity, will allow us to minimize production in winter, avoiding the sustainability higher energy inputs, and also reducing the need of solitude that will lead to a more environmental friendly energy metrics. will remain our main source of thermal energy, giving us flexibility and avoiding the hike in petcoke international price. We continue to work analyzing alternatives for the near future to support a suitable growth for Loma Negra and by our highly efficient operation is standard and solid capital structure. Last but not least, I would like to thank all our people and stakeholder for the commitment to Loma Negra operational excellence, without whom the set of solid result would have been much harder to achieve. We're now ready to take your question. Operator, please open the call for question.

Thank you. We will now conduct a question-and-answer session. The first question today comes from Alejandra Obregon with Morgan Stanley. Please go ahead.

Hi, good morning Loma Negra team. Thank you for taking my question. Congratulations on the results. I have two questions. I'll ask the first. I was just wondering if you can comment please on the different trends that you're seeing across the different verticals, residential, infrastructure, formal and informal housing. If you can help us understand how that's developing as we go into 2022. Thank you.

Hi, Alejandra, thank you for the question. So regarding the trends for next year, we're serving a similar levels with a moderate growth In the last few months we had observed some announces regarding infrastructure projects, which did not started yet. So for the he next month, we are optimistic regarding the housing demand, residential demand to start some infrastructure projects, which has been approved to start the ramping up in the next future.

Thank you. That was very clear. I have another question if I may, and this one is regarding the , I was just wondering if you can comment on whether the , is supplying limestone normally to Loma Negra, and if you have seen any stop ups supply over materials in the area or whether this is just operating at normal capacity, thank you.

So the conflict in Loma Negra was through supplier of us. It was regarding a small difference of criteria, which has been solved already. So it's not illogical to foresee similar conflicts, but the company is prepared to deal with these kind of conflicts. So we've decided to stop our production for around three days. We did not have any other impact in the L´Amalí plant.

Thank you very much. This was very clear,

Ladies and gentlemen, at this time, there are no further questions. So this will conclude our question and answer session. I would like to turn the conference back over to Diego Jalón for closing remarks. Diego Jalón: Thank you for joining us today. We appreciate your participation and interest in our company. We look forward to meeting you again on our next call, the coming quarter. In the meantime, the team remains available to any questions that you may have. Thank you.

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.