Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Mar 23
Consorcio Cementero del Sur S.A., Annual General Meeting, Mar 31, 2026 Consorcio Cementero del Sur S.A., Annual General Meeting, Mar 31, 2026, at 09:00 SA Pacific Standard Time. Location: av republica de panama, 2461 urb santa catalina la victoria, lima Peru Board Change • Jan 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: S/905.7m (up 8.7% from 3Q 2024). Net income: S/125.5m (up 45% from 3Q 2024). Profit margin: 14% (up from 10% in 3Q 2024). The increase in margin was driven by higher revenue. Board Change • Nov 07
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Mar 21
Consorcio Cementero del Sur S.A., Annual General Meeting, Mar 31, 2025 Consorcio Cementero del Sur S.A., Annual General Meeting, Mar 31, 2025, at 09:00 SA Pacific Standard Time. Location: av republica de panama, 2461 urb santa catalina, la victoria, lima Peru Board Change • Mar 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 29
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk High level of debt (46% net debt to equity). Upcoming Dividend • Nov 21
Upcoming dividend of S/1.36 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 10 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Peruvian dividend payers (13%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to S/5.10, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Basic Materials industry in South America. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to S/3.41, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 8x in the Basic Materials industry in South America. Total returns to shareholders of 8.2% over the past three years. New Risk • Aug 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: S/0.30 (vs S/0.14 in 2Q 2023) Second quarter 2024 results: EPS: S/0.30 (up from S/0.14 in 2Q 2023). Revenue: S/744.2m (down 3.9% from 2Q 2023). Net income: S/82.7m (up 108% from 2Q 2023). Profit margin: 11% (up from 5.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to S/3.26, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 7x in the Basic Materials industry in South America. Total returns to shareholders of 7.0% over the past three years. Reported Earnings • May 18
First quarter 2024 earnings released First quarter 2024 results: Revenue: S/713.4m (flat on 1Q 2023). Net income: S/77.6m (up 197% from 1Q 2023). Profit margin: 11% (up from 3.7% in 1Q 2023). New Risk • May 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 2.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Mar 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 2.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: S/0.94 (vs S/0.67 in FY 2022) Full year 2023 results: EPS: S/0.94 (up from S/0.67 in FY 2022). Revenue: S/3.18b (down 5.6% from FY 2022). Net income: S/261.9m (up 39% from FY 2022). Profit margin: 8.2% (up from 5.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Nov 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 5.4% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). New Risk • Aug 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.9% Last year net profit margin: 8.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.9% net profit margin). Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: S/774.2m (down 1.2% from 2Q 2022). Net income: S/39.9m (down 58% from 2Q 2022). Profit margin: 5.1% (down from 12% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Aug 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings have declined by 4.0% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Jun 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings have declined by 4.0% per year over the past 5 years. Reported Earnings • Nov 17
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: S/917.8m (up 11% from 3Q 2021). Net income: S/75.7m (down 27% from 3Q 2021). Profit margin: 8.3% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Columbo Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board & GM Jorge Columbo Rodríguez Rodríguez was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S/0.99 (up from S/0.12 in FY 2020). Revenue: S/3.05b (up 39% from FY 2020). Net income: S/276.1m (up S/241.5m from FY 2020). Profit margin: 9.1% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 15% share price gain to S/4.09, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 13x in the Basic Materials industry in South America. Total returns to shareholders of 26% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: S/708.0m (up 155% from 2Q 2020). Net income: S/62.4m (up S/132.6m from 2Q 2020). Profit margin: 8.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 15
Upcoming dividend of S/0.50 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 03 August 2021. Trailing yield: 3.1%. Lower than top quartile of Peruvian dividend payers (15%). In line with average of industry peers (3.0%). Upcoming Dividend • Jun 17
Upcoming dividend of S/0.11 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 05 July 2021. Trailing yield: 3.4%. Lower than top quartile of Peruvian dividend payers (15%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS S/0.19 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: S/620.0m (down 14% from 3Q 2019). Net income: S/51.9m (down 7.6% from 3Q 2019). Profit margin: 8.4% (up from 7.8% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 30
New 90-day low: S/3.20 The company is down 3.0% from its price of S/3.31 on 31 July 2020. The Peruvian market is also down 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Basic Materials industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: S/3.25 The company is down 2.0% from its price of S/3.31 on 15 July 2020. The Peruvian market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Basic Materials industry, which is up 20% over the same period. 