Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q1 2025 Earnings Presentation
26 slides from Grupo Argos's earnings presentation, May 2025
Slide 1: Results Presentation First Quarter 2025
Results Presentation First Quarter 2025 May 2025 1 Mayo 2025
Slide 2: Disclaimer
Resultados Primer Trimestre del 2019 QUARTERLY RESULTS PRESENTATION Disclaimer This presentation contains certain forward-looking representations and information related to GRUPO ARGOS and its subordinate companies based on currently known facts, expectations and forecasts, circumstances, and assump
Slide 3: Following steps for the Spin-Off Project: Corporate Governance Roadmap
GRUPO ARGOS RESULTS 1Q2025 Following steps for the Spin-Off Project: Corporate Governance Roadmap for the operation Spin-Off Project Publication General Shareholders' Spin-Off Project Signing Meetings 2024 2025 October 24 March 2025 2S 2025 December 24 April 2025 Signing of an MOU between Grupo SURA
Slide 4: Grupo Argos will evolve to become 100% specialized in infrastructure assets
GRUPO ARGOS RESULTS 1Q2025 Grupo Argos will evolve to become 100% specialized in infrastructure assets Investment Portfolio1 Investment Portfolio1 Focus on Infrastructure (4Q2023) (March 2025) (Future) CemArgos Sura $ 7.2 $ 7.7 COP Grupo Argos Expands its 22 Specialization in Infrastructure "The Spi
Slide 5: Non-recurring events arising from the materialization of strategic transactions
GRUPO ARGOS RESULTS 1Q2025 Non-recurring events arising from the materialization of strategic transactions for Grupo Argos 1Q 2025 1Q 2024 • The Company recorded a profit of COP 5.3 trillion as a result of the asset merger agreement between Argos USA and Summit Materials. 1. COP 2.0 trillion in prof
Slide 6: Adjusted consolidated financial statements reflect 25% EBITDA growth
GRUPO ARGOS RESULTS 1Q2025 Adjusted consolidated financial statements reflect 25% EBITDA growth Adjusted Figures - Proforma Net income controlling Revenue EBITDA Net Income interest Figures in COP tn Figures in COP tn Figures in COP bn Figures in COP bn +3% +32% +25% +14% +13% +236% 202% 0.1 0.8 0.2
Slide 7: Separated figures derived from business operations grow year-over-year
GRUPO ARGOS RESULTS 1Q2025 Separated figures derived from business operations grow year-over-year Adjusted Figures - Proforma Revenue EBITDA Net Income Figures in COP tn Figures in COP tn Figures in COP tn +127% +32% +128% +14% +13% +121% 144 271 192 119 65 85 1T2024 1T2025 1T2024 1T2025 1T2024 1T20
Slide 8: Operating Results – Grupo Argos Businesses
Operating Results – Grupo Argos Businesses Cement Infra Portfolio 8 Mayo 2025
Slide 9: CemArgos: The sale of 31% of Summit Materials was closed during the quarter
GRUPO ARGOS RESULTS 1Q2025 CemArgos: The sale of 31% of Summit Materials was closed during the quarter Cement Infra Portfolio The divestment of Summit Materials = 100% of liquidity in demand investments • Average return SOFR Investments are diversified by product type, issuer and geography, with a f
Slide 10: CemArgos: EBITDA Margin reaches 21% cumulative year-to-date
GRUPO ARGOS RESULTS 1Q2025 CemArgos: EBIDTA Margin reaches 21% cumulative year-to-date Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn Cemento RMC 1Q2025 vs 1Q2024 -6% 1Q2025 vs 1Q2024 -11% 4,000 2,000 (YOY) (YOY) 311 1,800 1,311 1,311 1,344 1,336 3,500 291 291 1,600 1,231 3,000 -6%
Slide 11: Celsia: a quarter of revenue, EBITDA and net income growth
GRUPO ARGOS RESULTS 1Q2025 Celsia: a quarter of growth revenue, EBTIDA and net income growth Cement Infra Portfolio Acquisition of a 675 MW solar and wind project portfolio • Celsia acquired this portfolio from the Irish firm Mainstream Renewable Power • It includes 3 solar parks and 2 wind farms Re
Slide 12: Celsia: EBITDA grew 45% YOY
GRUPO ARGOS RESULTS 1Q2025 Celsia: EBITDA grew 45% YOY Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn Generación Comercialización +45% 1Q2025 vs 1Q2024 -+5% 1Q2025 vs 1Q2024 2,000 2,000 (YOY) EBITDA Plataforma* +103 42% 1,800 1,800 1,600 1,433 1,600 1,925 472 1,368 +123 464 1,400 1,
Slide 13: Odinsa: El Dorado Airport recognized for excellence in operations
GRUPO ARGOS RESULTS 1Q2025 Odinsa: El Dorado Airport recognized for excellence in operations Cement Infra Portfolio El Dorado Airport receives an award for excellence in operations • El Dorado received the 2024 Platinum Award for Operational Excellence, awarded by Cirium, a British company that has
Slide 14: Odinsa: Roadway vertical
GRUPO ARGOS RESULTS 1Q2025 Odinsa: Roadway vertical Cement Infra Portfolio Quarterly Results 6% -12% -5% -11% 107 110 317 165 157 60 280 54 1Q2024 1Q2025 1Q2024 1Q2025 1Q2024 1Q2025 1Q2024 1Q2025 TPD (miles) Ingresos (COP k mm) EBITDA (COP k mm) Ut. Neta (COP k mm) ADT (thousands) Revenue (COP bn) E
Slide 15: Odinsa: Airport Vertical
GRUPO ARGOS RESULTS 4Q2024 Odinsa: Airport Vertical Cement Infra Portfolio Quarterly Results (in USD) +0% -8% -4% -3% 13 12 169 170 74 77 29 28 1Q2024 1Q2025 1Q2024 1Q2025 1Q2024 1Q2025 1Q2024 1Q2025 PAX (mm) Ingresos (USD mm) EBITDA (USD mm) Ut. Neta (USD mm) PAX (M) Revenue (millions of USD) EBITD
Slide 16: Pactia: EBITDA remains stable, even after selective divestments
GRUPO ARGOS RESULTS 4Q2024 Pactia: EBITDA remains stable, even after selective divestments Operational Revenue COP bn EBITDA COP bn GLA 1Q2025 vs 1Q2024 -4% 1Q2025 vs 1Q2024 -5% (YOY) (YOY) 1,400 121 125 119 67 67 1,200 116 65 63 1,000 95 811 GLA ('000) 800 683 600 34 400 200 0 1T 2024 2T 2024 3T 20
Slide 17: Real Estate Business: Revenue was COP 28 billion
GRUPO ARGOS RESULTS 1Q2025 Real Estate Business: Revenue was COP 28 billion for the year Cement Infra Portfolio Real Estate Business Cash flow1 Mar-2025 Mar-2024 Var (%) Revenue 28 51 -44% Net cash flow -13 23 -154% • Payment plans with higher installments as of Mar-24 • Payment for work proportiona
Slide 18: Consolidated and separated financial results
PRESENTACIÓN DE RESULTADOS TRIMESTRALES Consolidated and separated financial results 18 Mayo 2024
Slide 19: Grupo Argos' sound equity structure supported by a AAA rating ratified by S&P
GRUPO ARGOS RESULTS 1Q2025 Grupo Argos’ sound equity structure supported by a AAA rating ratified by S&P Gross Debt Consolidated COP bn Consolidated Net Debt1 COP bn Net Financial Expenses COP bn 7,611 753 133 316 11,846 1,408 11,228 116 16 4,704 5 1,628 256 263 1,814 5,737 279 31 2,021 6 167 5,272
Slide 20: Net dividends were COP 107 bn
GRUPO ARGOS RESULTS 4Q2024 Net dividends were COP 107 bn Cash flow Notes COP million COP million 1. Div. received: 240,702. Div. Paid: 133,449 1 Dividendos netos 107,253 2. Mainly corresponds to stock buyback Ingresos NDU 27,952 3. Financial expenditure 53,512, financial returns 14,628 2 Compra/vent
Slide 21: The cost of Grupo Argos' separate debt stands at 8.0%
GRUPO ARGOS RESULTS 1Q2025 The cost of Grupo Argos' separate debt stands at 8.0% Indebtedness1 COP bn Maturity profile (capital) COP bn Cost of debt and half-life COP bn Net Debt = 1.4 tn (+89% YOY) 13% 25% 25% 7% 20% 0% 9% 14% 33% Bonos Bancos Repos/Sim. 455 455 4.5 4.3 4.3 13.3% 4.0 COP 370 12.1%
Slide 22: S&P and Fitch confirmed Grupo Argos's AAA rating post Spin-Off Agreement
GRUPO ARGOS RESULTS 1Q2025 S&P and Fitch confirmed Grupo Argos’s AAA rating post Spin-Off Agreement AAA AAA 1 1 Stable Stable January 2025 May 2025 "Grupo Argos Ratings are Stable in the face of the Spin-Off Agreement We ratify the AAA rating of Grupo Argos S.A. Our assessment of GA’s with Grupo Sur
Slide 23: A sustainability milestone for the company and the country
Titulo o nombre de la presentación espacio largo GRUPO ARGOS RESULTS 1Q2025 A sustainability milestone for the company and the country El Dorado International Airport, a concession of Odinsa, our road and airport concession company, obtained the Blue Dot Network certification, an OECD and G7 initiat
Slide 24: Annexes
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Slide 25: www.grupoargos.com
PRESENTACIÓN DE RESULTADOS TRIMESTRALES CEO CFO Jorge Mario Velasquez Alejandro Piedrahita Chief Officer for Corporate and Presidential Affairs IR Director Juan Esteban Mejia Carolina Arango (574) 315 8400 (574) 315 8400 jemejia@grupoargos.com carangoz@grupoargos.com www.grupoargos.com 27 Mayo 2024
Slide 26: Mayo 2025
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