Corporate Presentation

4Q17
Disclaimer
This presentation contains forward-looking statements that represent our beliefs, projections and predictions about
future events or our future performance. Forward-looking statements can be identified by terminology such as “may,”
“will,” “would,” “could,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,”
“continue” or the negative of these terms or other similar expressions or phrases. These forward-looking statements are
necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause
our actual results, performance or achievements or industry results to differ materially from any future results,
performance or achievement described in or implied by such statements.

The forward-looking statements contained herein include statements about the Company’s business prospects, its ability
to attract customers, its affordable platform, its expectation for revenue generation and its outlook. These statements are
subject to the general risks inherent in Pacasmayo’s business. These expectations may or may not be realized. Some of
these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Pacasmayo’s
business and operations involve numerous risks and uncertainties, many of which are beyond the control of Pacasmayo,
which could result in Pacasmayo' expectations not being realized or otherwise materially affect the financial condition,
results of operations and cash flows of Pacasmayo. Additional information relating to the uncertainties affecting
Pacasmayo' business is contained in its filings with the Securities and Exchange Commission. The forward-looking
statements are made only as of the date hereof, and Pacasmayo does not undertake any obligation to (and expressly
disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such
statements were made, or to reflect the occurrence of unanticipated events.

For a description of some of the risks and uncertainties that could cause actual events, trends or results to differ from
those expected, please refer to “Risk Factors” on page 8 of the Company’s Annual Report 20-f filed with the Sec on April
30, 2016

2
1. Company Overview
 About Cementos Pacasmayo

 Cementos Pacasmayo (“Pacasmayo” or the

“Company), is a leading Peruvian cement company,
with over 60 years of operating history
 In 2017, Pacasmayo’s cement shipments reached
~2.2 million MT, capturing a ~21% share of total
cement shipments in Peru
 Listed on the Lima Stock Exchange (BVL: CPACASC1-
PE) since 1995 and on the New York Stock
Exchange (NYSE: CPAC) since 2012

Shareholder Structure Financial Highlights

(S/. mm)

Revenue Evolution EBITDA Evolution

Others
16%

S/.1,243 S/.1,231 S/.1,240 S/.1,226

S/.407 S/.384
ADR S/.377 S/.375
ASPI (1)
Program
50%
16% 32.6%
30.3% 31.0% 30.6%

Peruvian
Pension
Funds
(AFP´s)
2014 2015 2016 2017 2014 2015 2016 2017
18%
Cement EBITDA Cement EBITDA Margin
4
Source: Company filings. This includes only the common shares which have voting rights
(1) Controlled by Eduardo Hochschild.
2. Investment Highlights
Investment Highlights

Leading player in a growing market with high barriers to entry 1

High quality product portfolio targeting a diverse customer base 2

Market-leading margins and cost control initiatives 3

Highly Efficient Facilities 4

Experienced leadership with strong corporate governance

5
standards

6
1
Leading Player in a Geographically Segmented Market with High Barriers
of Entry

Unparalleled Leadership in One of The Fastest Growing Regions of Peru

Leader in the Attractive Northern Peruvian Cement Market – Cement Shipments (‘000 MT)
Region of Peru
 Peruvian Cement Market is divided in three regions, where Pacasmayo is the undisputed leader in northern Peru
 23.0% of Peru’s population
Nov
Plant 2013 2014 2015 2016 2017 % Share
 13.2% of National GDP
Pacasmayo 2,110 2,051 2,022 2,044 1,947 18.5%

Northern C. Selva 240 296 288 281 264 2.7%

Main regional economic
 activities include agriculture, Region Imports 34 40 12 0 38 0.4%

fishmeal and commerce Total 2,384 2,387 2,322 2,285 2,289 21.6%

UNACEM 5,612 5,701 5,546 5,110 5,015 47.1%

Central Caliza Inca 288 383 357 347 380 3.6%

High barriers of entry Region Imports 465 461 507 490 313 2.9%

Total 6,365 6,545 6,410 5,947 5,708 53.6%

Hard to replicate distribution
1
networks Southern
Grupo Yura 2,509 2,600 2,480 2,645 2,601 24.4%
Region
Imports - - 3 18 43 0.4%
2 High cost of transportation Total 2,509 2,600 2,483 2,663 2,644 24.8%

Total Regions 11,258 11,532 11,215 10,895 10,641 100%

Geographically fragmented
3
market
Leading Player in the Peruvian Northern
4 High capex requirements #1 Region

7
Source: Company filings, Apoyo & Asociados.
 1 Peruvian Cement Industry: Favorable Demand Trends and Room for
Growth

Industry in a Country with Acute Infrastructure Needs…Leaving Ample Room for Growth

 90% of roads outside of the large national network  Railroads are almost nonexistent. The World Economic
are still unpaved Forum gives Peru a score of 1.9 out of 7 in this area

 Only 15 hospital beds for every 10 thousand people  Only 40% of schools have access to basic services
(WHO recommends 27) (water, electricity, sewage)

 81% of households have access to drinking water

(only 54% in rural areas), well below regional peers

Peru has a very low infrastructure level relative to its level of development

Infrastructure Gap for the 2016-2025 period: US$ 160 billion Ample Room for Growth
Infrastructure Score from Global Competitiveness Report1

Health
12% Energy
19%
Sewage
8% 4.66 4.52 4.26 3.98
Education 3.67 3.57
3%
Irrigation
5%
Telco
17%
Transportation
36%
Chile Uruguay Mexico Brazil Colombia Peru

8
Source: Asociación para el Fomento de la Infraestructura Nacional (AFIN)
(1) Global Competitiveness Report 2016-2017.
 Robust Pipeline of Government-Funded Programs Should Drive
1
Company’s Near-Term Growth
Over US$24 billion (1) are expected to be invested within the next 5 years in the Northern Region of Peru, from which
~US$7 billion are already in execution or in public bid

Sanchez Cerro
Talara Refinery Alto Piura Shahuindo Mine Cañariaco
Avenue
US$5,000 MM US$ 150 MM US$ 132 MM US$ 1,600 MM
US$ 24 MM

San Martín Water Veracruz Hydro.

Treatment Plant Plant
US$ 43 MM US$ 1,000 MM

Airports (2)
US$107 MM Cumba 4 Hydro
Plant
US$ 970 MM
Longitudinal De La
Sierra Highway
US$552 MM
Iquitos Hospital
US$58 MM
City of Olmos
US$160 MM

Huacrachuco- Galeno Nanay Bridge

Sausacocha Road US$ 2,500 MM US$58 MM
US$100 MM

Horizonte
US$113 MM
Michiquillay
US$ 700 MM
In Execution
Salaverry Port Las Balsas
Chimbote By-Pass Chavimochic
Public Bid Terminal Hydro Plant
US$ 286 MM US$700 MM
US$ 215 MM US$ 1,200 MM
Planning

9 Source: Proinversion, MINEM.

(1) Including US$7.5 billion of projects in stand-by.
1 Reconstruction with changes will bring significant infrastructure investment

Ministerial level Regional Government Local Government

1 4,477 677 1,123
S/10,653 MM S/3,362 MM S/ 711 MM

Country level S/ 25,655 MM

North S/ 18,956 MM
75% 25%
Infraestructure 14,726 (2018) (2021) (2025)
Prevention 4,230

Sectors S/ MM
Highways and roads 7,143
Bridges 616
2
Housing 939
Healthcare 981
Education 2,265
Agriculture 1,114
Sewage 1,668
 High-Quality Product Portfolio Distributed Through an Extensive
2 Proprietary Retail Network…

Pacasmayo has developed one of the largest independent retail distribution networks for construction materials in Peru –
Distribuidora Norte Pacasmayo S.R.L. (“DINO”)
Portfolio of products DINO’s Highlights
 Exclusively distributes and sells cement and
cement-related construction materials from
Pacasmayo and third parties
 Consist of 218 individual retailers with 367
hardware stores under the DINO brand which
Type I Extradurable Type V Extraforte Fortimax 3 Mochica account for +70% of sales
General Used in Used in concrete Widely used New formula
Purposes concrete exposed to severe in the market
New value brand  Pacasmayo supplies the majority of products
used to protect for specific
cement exposed to sulfate action due to its against moderate customer segments offered in DINO stores
severe where effectiveness and sulfate action
sulfate action soil or ground low hydration for humid areas  Development of loyalty and incentive programs
water has a heat
high sulfate
exposed to sulfates  Partnership with leading local banks to
and sea water
content help finance product purchases
 Loyalty program: members can redeem
Pacasmayo places significant emphasis on research and development to ensure points for prizes
products meet consumer needs and improve operational efficiency

Geographic Footprint (Stores) Peru’s northern region is a highly

Tumbes fragmented market
29

Departments Population ('000)1

Piura
43
Jaen Piura 1,814
Chiclayo 26 19 La Libertad2 1,814
48 Rioja-Moyobamba
29 Cajamarca3 1,520
28 Tarapoto-
28 Yurimaguas Lambayeque4 1,240
Pacasmayo Cajamarca
69 Ancash5 1,136
Trujillo
48
Tumbes 231
Chimbote
San Martin6 819

11 1 Projected population for 2013, INEI 5 Include the city of Chimbote

2 Includes the city of Trujillo and Pacasmayo 6 Includes the city of Tarapoto, Rioja and
3 Includes the city of Cajamarca and Jaen Moyobamba
Source: Company filings, INEI, Ipsos Apoyo Survey 2014. 4 Includes the city of Chiclayo
2 …To a Diverse Customer Base Enabling a Stable Demand

Diversified Revenue Base Provides Certainty and Presents Opportunities

Profile of Retail Customer Profile of Infrastructure Customer

 Socioecononic level CDE, 25-55 years old
 Buys close to home because of savings on transporttion cost
 Chooses brand recommended by “maestro de obra”, who is
the specialist
 Brand recognition: Top of Mind: 97%, Recommendation 97%
 Characteristics associated with the brand: Innovation,
Strength, Prestige, Trust
 Large infrastruture projects, financed through private public
partnerships
 Public spending by local and regional governemnts (roads,
hospitals, schools)
 Large commercial and residential developments (shopping
centers, supermarkets, housing complexes)

Public Sector

Self Construction
17%

21%
62%

Private Sector

12
Source: Company filings.
3 Solid Margins and Cost Control Initiatives

A Vertically Integrated Business Model Enables Higher Cost Controls and Superior Profitability

Cost Efficient Operations Reflected in Solid Margins Integrated Business Model

2017 Gross Margin 2017 EBITDA Margin
1 Quarries:
Extraction of Limestone is extracted
“Acumulacion from Pacasmayo quarries
Raw Materials Tembladera”, “Calizas
40.2% and loaded into trucks and
Pacasma Tioyacu” “Virrila” and hauled to the Pacasmayo or
yo 30.6% “Bayovar 4” Rioja facilities

34.3% Cement
Cemex Production
2
Cement Plants:
18.8% (Grinding, “Pacasmayo”, Cement manufacturing
Homogenization “Piura” and “Rioja” business
and
40.7% Clinkerization)
unacem
30.0%

3 Independent retail
18.3% Retail distribution network to
Argos Sales and Distribution distribute Pacasmayo’s
17.3% Distribution cement products as well as
Network: Dino construction materials
manufactured by third
 Competitive cost structure mainly given by: parties

 Vertically integrated operations, participating in the entire chain of production from the quarries to the related products and the extensive
distribution network
 Quarries strategically located in close proximity to plants, enabling to minimize transportation costs
 Replaced a high proportion of imported bituminous coal consumption, which is generally more expensive, with anthracite coal produced locally
 Long term electricity supply contracts
13
Source: Company filings.
3 Highly Efficient Facilities

The Company's plants have combined cement production capacity of 4.9 MM MT/year and clinker capacity of 2.8MM MT/year

Cement Plants Highlights

Pacasmayo Plant Snapshot Piura Plant Snapshot

 Location: Pacasmayo 667km north of Lima  Location: Piura 300km north of Pacasmayo
 Cement production capacity: 2.9MM  Cement production capacity: 1.6MM
MT/year MT/year

 Clinker production capacity: 1.5MM  Clinker production capacity: 1.0MM

MT/year MT/year

 2017 Cement production:1,141k MT  2017 Cement production: 858k MT

Related Operations

Selva Plant Snapshot

Ready-Mix and Precast Quicklime
 Location: Rioja 468 km east of the  Cementos Pacasmayo serves
Panamericana Norte Highway all major northern cities in  Produces high quality quicklime due to
Peru: high grade calcium carbonate resources
 Cement production capacity: 440k MT/year  18 concrete plants and homogeneous production process
 120 mixers  Quicklime sold primarily for mining
 Clinker production capacity: 280k MT/year  30 boom pumps operations
 9 ready-mix dispensers
 2017 Cement production: 287k MT  1 slipform paver unit  Production capacity: 240k MT/year
 4 production units for
precast (pavement,
bricks, curbs, fences)

14
Source: Company filings.
3 Highly Efficient Facilities (cont’nd)

Pacasmayo’s cement plants have a combined cement production capacity of 4.9 MM MT/year, and a combined
clinker capacity of 2.8MM MT/year.

Overview

 Working on a multi-plant schedule

enables us to ship every ton of cement
Selva Cement
Plant from the most efficient location
Piura

 Strategically located plants, combined

with an extensive distribution network
Pacasmayo
(360+ franchise stores), provide an
unbeatable presence within North of
Peru

Capacity Utilization per Plant

Utilization Rate 2017
Cement Clinker
Pacasmayo 39.4% 45.8%
Piura 53.6% 74.6%
Rioja 65.2% 74.6%
15 Total 46.7% 59.0%
Source: Company filings.
5 Highly Reputed Board of Directors
Board of Directors with Highly Reputable Representatives
Marco Antonio Zaldivar
(Independent Director)
President of the Lima Stock
Exchange
Eduardo Hochschild
(Chairman)
Current Chairman of the Board of
Cementos Pacasmayo and
President of Hochschild Mining
Felipe Ortiz de Zevallos
(Independent Director)
Founder and President of Grupo
Apoyo
16
Source: Company filings.
Independent Directors Non - Independent Directors
Humberto Nadal Hilda
Carlos Heeren Ochoa-Brillembourg
(Director)
(Director) (Independent Director)
Executive Director of UTEC Former Chairman of Fondo
President and Executive
and TECSUP Mi Vivienda and Current CEO
of Cementos Pacasmayo Director of Strategic
Investment Group
Manuel Ferreyros
(Alternate Director)
Current CFO of Cementos
Pacasmayo and former CEO of La
Positiva Seguros y Reaseguros
Patrick Bredthauer Roberto Dañino
Raimundo Morales (Director)
(Independent Alternate Director)
(Vice-Chairman)
Former Vice President of Finance Former Prime Minister of Peru
Former Chief Executive Officer of and Ambassador of Peru to the
and Executive Vice President of
Banco de Credito del Peru United States
Cemento Nacional C.A.
5 Experienced Management Team

Top Notch Management Team Behind the Successful History of Pacasmayo

Management Team With Over 14 Years of Average Experience

 Mr. Nadal joined Pacasmayo as Corporate Development Manager in June 2007 and
Humberto Nadal has served as Chief Executive Officer since 2011. He has a Bachelor’s Degree in
Chief Executive Officer Economics from the Universidad del Pacífico and an MBA from Georgetown
University

 Mr. Ferreyros is the Company’s Chief Financial Officer since January 2008. He has a
Manuel Ferreyros Bachelor’s Degree in Business Administration from Universidad de Lima, a
Chief Financial Officer Multinational MBA at the Adolfo Ibañez School of Management, Miami

 Mr. Pomarino has been Vice President of the Cement Business since 2009. Holds a
Carlos Julio Pomarino degree in Economic Engineering from the Universidad Nacional de Ingeniería and
Vice President of the an MBA from the Adolfo Ibañez School of Management and ESAN
Cement Business

 Mr. Durand has been the Company’s Legal Vice President since 2008. Holds a law
Javier Durand degree from Universidad de Lima and a Master's in Business Administration (MBA)
Legal Vice President from Universidad del Pacífico

17
Source: Company filings.
5 Strong Corporate Governance Standards

Good Corporate Governance Index – For the eighth consecutive year, Cementos Pacasmayo
Good was selected as part of the Good Corporate Government Index (IGBC). The BVL IBGC Index is
Corporate designed to track the performance of those companies committed to good corporate
Governance governance, with only six Peruvian listed companies included as part of the index in 2017.

Top Social Responsibility Award – Cementos Pacasmayo was one of the Peruvian companies
Top Social receiving the Top Social Responsibility Award (Distintivo de Empresa Socialmente
Responsibility Responsable). The award credits companies that voluntarily conduct all aspects of their
Award business in a socially responsible manner and whose corporate culture and strategy
incorporate this concept

Board Committees

1 Executive Committee 2 Antitrust Best Practices Committee

 Composed of three to five members of the board  Composed of three members
 Mainly responsible for supervising and supporting  Responsible for informing employees about competitions best
management , executing company’s strategy and meeting practices and monitoring compliance with such practices
short and mid-term goals including antitrust regulations

3 Audit Committee 3 Corporate Governance Committee

 Composed of three directors  Composed of four directors
 Responsible for reviewing financial statements, assessing  Responsible for assisting the board on the oversight of
internal controls and procedures and identifying deficiencies director nomination and committee assignments as well as
among others board and CEO successions
18
Source: Company filings.
3. Financial Overview
Track Record of Strong Financial Performance

Management focus on supply mix and operational efficiencies increased EBITDA and EBITDA margin despite flat volumes.

Cement Shipments Evolution Revenue Evolution

('000 mt) (S/ mm)

2,347 2,322 2,286 2,267 S/.1,243 S/.1,231 S/.1,240 S/.1,226

2014 2015 2016 2017 2014 2015 2016 2017

Revenue Breakdown Evolution Cement EBITDA and Margin % Evolution

(S/. mm)
2017
Construction
supplies
Quicklime 5.4%
6.6% S/.407 S/.384
S/.377 S/.375

30.3% 32.6% 31.0% 30.6%

S/.1,226

Cement,
concrete and
blocks 2014 2015 2016 2017
87.8%
Cement EBITDA Cement EBITDA Margin
20
Source: Company filings.
 Track Record of Strong Financial Performance (Cont’d)

Expected increase in EBITDA and cash generation now that the Piura plant is complete will allow for deleveraging in the upcoming years

Cash and Short-Term Deposits

(S/ mm)

581

158
80 49

2014 2015 2016 2017

Total Adjusted Debt¹ Gross and Net Leverage

(S/ mm)
913 913 913 2.4x 2.3x 2.4x 2.4x 2.3x
2.2x
1.9x

0.8x

884

2014 2015 2016 2017

Adjusted Debt/EBITDA Net Adjusted Debt/EBITDA
2014 2015 2016 2017
21
Source: Company filings.
1 –Debt has been adjusted for hedge
22

22