Alfa S.A.B. de C.V. (OTCPK:ALFFF) Q2 2024 Earnings Conference Call July 25, 2024 1:30 PM ET
Company Participants
Hernan Lozano - Vice President of Investor Relations, ALFA
Eduardo Escalante - Chief Financial Officer, ALFA
Roberto Olivares - Chief Financial Officer, Sigma
Conference Call Participants
Juan Ponce - Bradesco
Lucas Mussi - Morgan Stanley
Alex Azar - GBM
Operator
Good day and welcome to ALFA's First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded.
Now, I would like to turn the call over to Mr. Hernan Lozano, Vice President of Investor Relations. Mr. Lozano, you may begin.
Hernan Lozano
Good day, everyone, and welcome to ALFA's second quarter earnings conference call. Further details about our financial results can be found in our press release which was distributed yesterday afternoon together with a summarized presentation. Both are available on our website in the Investor Relations section.
Let me remind you that during this call we will share forward-looking information and statements, which are based on variables and assumptions that are uncertain at this time. It is my pleasure to participate in today’s call together with Eduardo Escalante, ALFA’s CFO; and Roberto Olivares, Sigma’s CFO.
I will now turn the call over to Eduardo.
Eduardo Escalante
Thank you, Hernán and good day everyone. We greatly appreciate your participation. We are pleased to report better-than-expected results once again. Our two business units are benefitting from solid execution to boost operating efficiencies, maximize cash flow and capitalize on specific dynamics in their respective markets.
On a consolidated level, this led to double-digit EBITDA growth in the second quarter and
first half of the year, driven mainly by an outstanding performance at Sigma.
For Alpek, it was encouraging to see a slight sequential improvement in Asian reference polyester margins as