Cementos Pacasmayo SAA (CPAC) CEO Humberto Nadal on Q3 2019 Results - Earnings Call Transcript

Cementos Pacasmayo SAA (NYSE:CPAC) Q3 2019 Earnings Conference Call October 24, 2019 11:30 AM ET

Company Participants

Claudia Bustamante - Head, IR
Humberto Nadal - CEO & Director
Manuel Ferreyros - CFO and VP, Administration & Finance

Conference Call Participants

Andres Soto - Santander
Ramon Obeso - Scotiabank
Juan Brosset - CrediCorp Capital
Tunde Ojo - Harding Loevner
Sebastián Montoya - Compass Group
Lucia Calvo Perez - LarrainVial

Operator

Ladies and gentlemen, good day, and welcome to Pacasmayo's Third Quarter 2019 Earnings Conference Call. [Operator Instructions].

I would now like to introduce your host for today's call, Ms. Claudia Bustamante, Investor Relations Manager. Ms. Bustamante, you may begin.

Claudia Bustamante

Thank you, Jim. Good morning, everyone. Joining me on the call today is Mr. Humberto Nadal, our Chief Executive Officer; and Mr. Manuel Ferreyros, our Chief Financial Officer. Mr. Nadal will begin our call with an overview of the quarter and our strategic outlook. Mr. Ferreyros will then follow with additional commentary on our financial results. We'll then turn the call over to your questions.

Please note that this call will include certain forward-looking statements. These statements relate to expectations, beliefs, projections, trends and other matters that are not historical facts and are therefore subject to risks and uncertainties that might affect future events or results. Descriptions of these risks are set forth in the company's regulatory filings.

With that, I'd now like to turn the call over to Mr. Humberto Nadal.

Humberto Nadal

Thank you, Claudia. Welcome, everyone, to today's conference call. Today, I will discuss our overall results and strategy, while Manuel will cover financial details, and we will then open the line for discussions. In this third quarter, we have seen an outstanding increase in sales, reaching 20% year-on-year. This growth has come from public sector spending for the construction works but also from private investment projects, such as a mall