Financial Performance

In 2013, Grupo Lamosa managed its financial resources satisfactorily. Financial discipline and the generation of cash flow allowed it to satisfy working capital requirements, continue with the debt reduction process and invest in the company’s businesses, despite the complicated economic environment that prevailed during most of the year.

The company’s total debt as of yearend 2013 was $5,149 million pesos, 12% below the debt as of the close of 2012. During the year, as well as making programmed debt payments, installments amounting to $400 million pesos were paid in advance. The ratio of debt to EBITDA as of December 31, 2013 was 2.9 times.

These financial results and leverage levels allowed Grupo Lamosa to pay dividends during 2013, in accordance with current loan contracts.

In line with the company’s Vision and growth and expansion strategy, during the year it made capital expenditures of $504 million pesos. These resources were mainly used for wall and floor tile capacity expansion and projects related to information technology.

For the second consecutive year, the Grupo Lamosa share price outperformed the Mexican Stock Market Index (IPC), with an annual yield of 45%. During 2013, no operations involving the shares representing Grupo Lamosa’s capital stock were made.

Debt

Millions of pesos

  • Debt / EBITDA (times)

Debt profile (Dec.’13)

Millions of pesos

  • Pesos
  • USD

Note: More than 80% of debt maturity falls between 2016 and 2018.