Cementos Argos S A : Cash Flow 3Q22

Consolidated cash flow (COP Bn)

		Cash flow (COP Mill)	Total
	EBITDA				1,415,056
		Net Op. Working Capital		(386,118)
		Maintenance CAPEX + Profitability	(385,212)
		Strategic CAPEX		(27,899)
		Taxes				(217,056)
		Leases operations (IFRS 16)		(131,462)
	Total Free Cash Flow				267,309
		Net Financial Expenses		(303,669)
		Net Dividends			(194,704)
		Net Other Non-Operating		79,083
		Net Financial Operations		(110,433)
		Divestments, Acquisitions and/or	360,617
		Capitalizations
	Total Financial Cash Flow		(169,106)
	Total Cash Flow for the Period		98,203
		Initial Cash Flow		483,229
		Exchange rate effect		64,854
	Final Cash Flow				646,286
	Company	% Stake	Price per Share	Value	Value
		(COP)	(COP million)	(USD million)
Investment portfolio improves Argos financial flexibility	Grupo Sura	6.08%		37,500	1,064,810	235
	Total				1,064,810	235

* FX Rate as of September 30th, 2022: COP 4,532.07 / USD