CEMEX lay the foundation for a better future
Operation Resilience: company announces medium-term strategy that incorporates the challenges of COVID-19
CEMEX have announced the framework of ‘Operation Resilience’, their medium-term strategy that incorporates the challenges of the COVID-19 pandemic and lays out a plan to enhance EBITDA growth over the next three years.
The strategy consists of the following components:
- Enhancing EBITDA margin through operational performance and disciplined cost containment
- Optimizing the company’s portfolio for higher growth with lower risk
- Achieving investment-grade capital structure to promote future growth
- Recognizing sustainability as a competitive advantage.
Despite significant COVID-19 disruptions, CEMEX say they expect EBITDA for the full year 2020 to grow by approximately 4%, on a like-for-like basis, over the prior year, as a result of decisive management actions and better than anticipated market conditions.
‘Operation Resilience lays the foundation for our future. It allows us to optimize our portfolio for profitable growth while securing our position as a leading vertically integrated heavy building materials company with a focus on four core businesses: cement, ready-mix, aggregates, and urbanization solutions,’ said chief executive officer Fernando A. Gonzalez.
‘We will concentrate on developing sustainable urbanization solutions which meet the needs of growing metropolises while we ourselves progress towards achieving our long-term decarbonization goals.
‘I am confident that the virtuous circle of enhanced EBITDA, increased free cash flow generation and asset divestitures will allow us to achieve our long-sought investment-grade capital structure.’
