Good morning and welcome to Loma Negra, Fourth 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 go ahead, Diego. Diego Jalón: Good morning and welcome to Loma Negra 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 before market opens. 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 Gradin. Both of them will be available for the Q&A session. Before I turn the call over to Sergio, I would like to make the following Safe Harbor statements. Today's call will contain forward-looking statements, and I refer you to the forward-looking statements section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances. This conference call will also include discussion on non-GAAP financial measures. The full reconciliation to the corresponding financial measures is included in the earnings press release. Now, I would like to turn the call over to Sergio.

Thank you, Diego. Hello, everyone. And thank you for showing us today. I will begin my presentation with a discussion of the highlights of the quarter. And then Marcos will take you through our market review and financial results. After that, I will provide some final remarks and then we will open the culture question. Starting with Slide 3, we are satisfied to share another solid quarter. Closing a year, we saw not only a bonus in the month from last year drop, but a year of robust activity in the construction sector, which in slightly below cement industry all-time height (ph) among challenging macroeconomic environment. In this context, our assessment EBITDA for the quarter, which is $63 million compared with $58 million in full quarter FY 20. When measured in pesos, it showed a decline of 10% year-over-year. When looking to our annual fee rates, we achieved $215 million for the fiscal year 2021 from $179 million in 2020, achieving a new record for our operation in Argentina. We are committed to continue delivering strong results a world-class EBITDA margin on the back of our competitive leadership on efficiency production standard. In the sense, they use dollar EBITDA bolt-on, which is $38 in the fourth quarter, 3% above 2020's fourth quarter. Finally, we are proved to share that this past quarter, we inaugurate the second line of L'Amali plant. Its completion represents a significant milestone for our company that would support our strategy and will allow us, to continue increasing production efficiency and profitability. I will now hand off the call to Marcos Gradin, who will walk you through our market review on finance sale stat. Please, Marcos, go ahead.

Thank you, Sergio. Good day, everyone. As you can see on Slide 4 after a drop of GDP in 2020 due to their pandemic restriction, we saw a sharp recovery starting in the second quarter that led the growth estimates for 2021 to approximately 9.7%. On the bulk of this economic rebound, construction activity measured by the ISAC increased sharply to 30.8% for fiscal year 2021. Also showing a solid performance in recent month by 32% are more moderate growth rate. Reevaluate cement, national industry sales, particularly in the second quarter of the year, show a solid demand pushing 2021 accumulated figures almost at record highs. Even though the initial boosters and recovery came from residential demand, and it's made back cement take a prominent stake of the total dispatches, bulk has weatherly recovered. Breaking down the consumption by dispatch mode, we observed figures in line with historical average. The first two months of this year, our ratio in the seventh month continues in its upward trend. For the year, we remain capture the optimistic as economic growth in Argentina is overshadow by short-term macro-economic challenges, and sometimes, we've shared the back future scenarios. Turning to Slide 5, for a review of our top line performance by segment. Top-line was down 3.8% in the fourth quarter, mainly due to a decrease in 7th revenues partially offset by railroad and aggregates. Cement measure is 7 ton, 9th segment was down 4.8% with volumes expanding 3.5% year-on-year. We have a softer pricing dynamic. Concrete revenues remain almost flat for the quarter. What is dropped due to an extraordinary infrastructure work in fourth-quarter FY 20, compensated by a good price performance? Aggregates showed sharp revenues recovery of 51.9%. Volume expanded 14% on the back of road works demand, coupled with our recovery pricing.…

Thank you, Marcos. Now, to finalize the presentation, I please ask you to turn to Slide 13. During the second half of 2021, certain demand increase and face a most reaching record highs. Looking ahead, we expect growth to continue with the base following the trend of recent months. Always subset the outcome of percentage geopolitical turbulence and local political and macroeconomic challenging scenario. In this context, we remind focus on delivering strong facade. As I mentioned before, as of December, we start the satisfaction of inaugurating the second line of L'Amali plant from forming it in one of the biggest cement plant in the . The incorporation of the new line also implies an update of the plant from the technological point of view and strong increase in its productivity, supported by the sustainability policies that's comply with the stricted internationally standards in terms of environmental guide. This is the most important strategic investments that Loma Negra has made in the last 20 years gone through in recent time. Additionally, we are gratified to relate to our first sustainability report that we allow us to share with our stakeholder all the hard work Dr. Loma Negra has been doing in the environment, social and corporate governance area. We are convinced that these are the fundamental pillars on which the growth of the company must be sustained. I would like to conclude by combining our satisfaction with the result achieving in 2021. And thank you all our people and stakeholder for the commitment to Loma's operational excellence. Without whom these results would have been impossible to achieve. We're now ready to take your questions. Operator, please open the call for question.

Thank you. We will now conduct a question and answer session. . Our first question comes from Alberto Valdez with UBS, please go ahead.

Hi. Congrats Sergio and Marcos, and Diego for the results in 2021. My question is to look ahead a little bit. About energy costs, you have seen the fuel energy's spiking due to the dispute between Russia and Ukraine, and we know that managing CIM (ph) that you had a contract with the government for the supply of natural gas. And my question is, looking ahead, two things, the first one is about the gas contract. If you see any potential change between you and the government? And the second one, also about the FX, with the IMS agreements, year agreement. If you may see a depreciation of aging finance is going growing close to balling managing China, now in the foreseeable future? Thank you.

Thank you for your question.

start with the first question.

Our contracts today of natural gas are with the companies and not with their national government.

In general, these contracts are for one year.

We have already have an increase in the cost of natural gas after the pandemic.

Current prices are slightly above what you have seen on this quarter.

Right now, we are negotiating several contracts which start from next October and they are -- in very similar terms or prices from what we're seeing today.

In conclusion, we are not seeing an increase or an increase in what we are paying today in the energy side.

In respect of the Peso and the effects.

We expect the FX movement following what's happening with inflation for the year.

We are not expecting a hike in Southern hike in the FX Pesos.

And this concludes 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 really appreciate your interest in our company. We remind you that our new sustainability report is at your disposal in our website, and we look forward to meeting you again in our next call. In the meantime, we remain available for any questions that you may have. Thank you, and have a good day.

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