Aenza Saa · BVL:AENZAC1
Aenza Saa — Aenza — Q4 2024 Earnings Presentation
34 slides from Aenza Saa's earnings presentation, April 2025
Slide 1: 4Q2024 Corporate Presentation
Abril 2025 4Q2024 Corporate Presentation AENZA
Slide 2: Index
03 01 05 01 03 05 Transformation and Growth AENZA Overview Strategy Appendix Index 02 04 02 04 Key Highlights Remarks 2
Slide 3: AENZA Overview
AENZA \\ AENZA Overview
Slide 4: AENZA At a Glance
AENZA At a Glance Preeminent concessions developer and operator in the infrastructure and energy space with premier E&C and leading RE businesses Company Overview Revenues and Adjusted EBITDA by Segment Revenues 2024 2 Consolidated Revenues Backlog 1 Consolidated Adjusted EBITDA 2024 2024 2024 22% 2
Slide 5: Consolidated Financial Results
Consolidated Financial Results Results remain strong and continue to improve, including a significant reduction in financial debt Revenues (USD MM) and Backlog/Revenues 1,2 Adjusted EBITDA (USD MM) and Adjusted EBITDA Margin (%) ² 18.8% 2.1x 2.0x 2.0x 15.0% 15.1% 1.7x 1.8x 13.5% 12.7% 1.6x 11.7% 11.
Slide 6: Consolidated Financial Results
Consolidated Financial Results (US$ thousands) 2023 1Q2024 2Q2024 3Q2024 2024 Working Capital + Leasing 31,215 34,790 32,845 41,245 47,405 Project Finance 248,985 244,722 232,842 235,774 229,455 Corporate Debt 7,980 7,614 - - - Total banking debt 288,179 287,126 265,687 277,019 276,860 Bridge Loan 1
Slide 7: Overview of UNNA Infraestructura
Overview of UNNA Infraestructura Leading infrastructure concessions platform in Peru with 8+ years of remaining average concession life Main Companies Urban Transportation Linea 1 of Lima Metro (2041) Linea 1 Train Concessionaire (33 km) Only urban railway system in Peru, +500k daily passengers Conc
Slide 8: Overview of UNNA Energía
Overview of UNNA Energía Energy concession and infrastructure company with long-term contracts, including offtake agreements with the Government and limited exploration risk Development and operation of energy projects in LatAm Gas Processing +40 years USD 192 MM USD 57 MM Plant of experience Revenu
Slide 9: Overview of Real Estate (Viva)
Overview of Real Estate (Viva) Real estate development company focused on the development of sustainable spaces and driven by a significant housing deficit Development Plan Main Characteristics ► Affordable housing (AH) projects under execution: Parques de Comas, Parques de Callao, Parques de Piura,
Slide 10: Overview of Engineering & Construction
Overview of Engineering & Construction The E&C business has anchored the development of our infrastructure and concessions businesses Geographic Presence E&C Backlog (USD MM) Permanent operations in E&C Backlog / E&C Revenues 2024: 0.13x Colombia, Chile and Peru 2.0 Experience in 12 countries 1.4 1.
Slide 11: Transformation and Growth Strategy
Transformation and Growth Strategy
Slide 12: Strategic Shift Towards a More Predictable Revenue Model
Strategic Shift Towards a More Predictable Revenue Model Concession Centered Transition Period (FCF continues to define strategy) E&C Centered Strategic Plan Projects Pipeline ► Line 1 expansion Real Estate a) Image rehabilitation & compliance: Overcome the Concessions ► Norvial expansion past (clas
Slide 13: Implementation Timeline of Turnaround
Implementation Timeline of Turnaround AENZA has achieved significant milestones since IG4 completed its transaction in August 2021 Key Milestones Achieved Implementation of the Restructuring Plan, Settlement of Past Legal Considerations, and Definition of the Growth Phase Long-Term Strategy for each
Slide 14: Shareholder Structure
Shareholder Structure Pre IG4 Capital Tender Offer Post IG4 Capital Tender Offer, Conversion of Bonds, & 2023-2024 Capital Increase Shareholders – May 2021 (871,917,855 common shares) Shareholders as of March 2025 – (1,786,624,577 common shares) 13.5% 10.5% Reference shareholder 28.2% 36.6% 8.7% 8.7
Slide 15: Key Highlights
AENZA \\ Key Highlights
Slide 16: Diversified Portfolio Approach with Four Business Units
I Diversified Portfolio Approach with Four Business Units with Unique and Complementary Risk, Return, and Growth Profiles... Diversified EBITDA Profile Key Attributes Portfolio Role Adj. EBITDA LTM 2024: USD 116 MM ✓ Long-Term Concession Contracts or Fully-Owned Assets Concessions and Infrastructure
Slide 17: Anchored on its Leading Concessions Platform
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Railway - Linea 1 Adj. EBITDA for Other Adj.2 (USD MM), Adj. EBITDA for Other Adj. Mg (%) 16 45% ✓ Transportation service offering a daily solution to ~600k
Slide 18: Unna Infraestructura – Main Highlights
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Unna Infraestructura – Main Highlights Strategy Business Highlights and Operational Metrics ✓ Long term concession contracts Overview of Linea 1 # Rolling s
Slide 19: Anchored on its Leading Concessions Platform: Oil and Gas
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Oil and Gas Adj. EBITDA for Other Adj.1 (USD MM), Adj. EBITDA for Other Adj. Mg (%) 20 30% ✓ Operation of two strategically located production blocks includ
Slide 20: Unna Energia – Main Highlights
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Unna Energia – Main Highlights Strategy Business Highlights and Operational Metrics Consolidated # of Drilled Oil Wells Total # of drilled wells Block III B
Slide 21: Supported by a Leading E&C Business
III …Supported by a Leading E&C Business with Unparalleled Experience in Complex and Large- Scale Projects… 2024 E&C Backlog Breakdown (%) 1 Technical Expertise and Reliability Infrastructure By Country By Sector ✓ 90+ years participating in the most 2,000+ km constructed highways 5% Others emblemat
Slide 22: Operating Under a Synergistic Business Model
IV ...Operating Under a Synergistic Business Model to Increase Consolidated Margins, Improved Risk Management and Drive Operational Excellence... Concessions & Infrastructure Real Estate (“RE”) Design + Build + Own + Operate + Maintain Synergy Cycle 1 Line 1 The built infrastructure requires periodi
Slide 23: World-Class Off-takers and Investment Grade Counterparties
V ...With World-Class Off-takers and a Client Portfolio With Investment Grade Counterparties... Off-Takers and Counterparties Peruvian Government EMBI Country Risk (bps)1 Solid off-taker backing cash flows: Infrastructure ✓ Peruvian Government Concessions & Infrastructure (Investment Grade) 309 ✓ Qu
Slide 24: Commitment to Implementing Market-Leading ESG Policies
VI …with a Commitment to Implementing Market-Leading ESG Policies Across our Business Units… Environmental and Social Management System (ESMS) in place to drive uniform ESG management throughout our business units, so our exceptional environmental and social performance is maintained and scales with
Slide 25: Remarks
Remarks We operate a portfolio of diversified and best-in-class assets with stable cash flow generation and limited A operating, demand, and FX risk We design, build, own, operate, and maintain our own assets through a comprehensive portfolio B approach that allows us to leverage our extensive E&C a
Slide 26: Appendix
AENZA \\ Appendix
Slide 27: Recent Developments | Plea Agreement
Recent Developments | Plea Agreement Timeline May-21 Sep-22 Aug-23 Dec-23 AENZA entered into a Collaboration and Final CBA entered into between Peruvian Agreement was homologated Agreement entered into force with its Benefits Agreement (CBA) with Peruvian Public Prosecutor’s Office, the Attorney con
Slide 28: Organizational Structure
Organizational Structure New Organizational Chart Board Committees and Functions BOARD OF DIRECTORS ► Oversees the integrity of the financial statements ► Monitors the performance of the auditing firm CEO Audit Committee Andre Mastrobuono ► Evaluates internal and external audit processes ► Ensures t
Slide 29: Strong Corporate Governance and Compliance Policy
Strong Corporate Governance and Compliance Policy Committed to Ensure Superior Results 2017 2018 2019 2020 2021 2022 2023 2024 2025 Focus on the Focus on Ethics, Focus on Regulation Focus on Governance Focus on Monitoring Focus on Regulatory Focus on Regulatory Focus on Compliance Anticorruption and
Slide 30: Board of Directors: Diversity and Expertise
Board of Directors: Diversity and Expertise Renovated team with knowledge from different industries and geographies Francisco García Calderón - Director - Chairman ► Mr. García was appointed as a director of the company in August of 2024. ► He holds a degree of business administration from the Unive
Slide 31: Board of Directors: Diversity and Expertise
Board of Directors: Diversity and Expertise Renovated team with knowledge from different industries and geographies Diego Peschiera Mifflin - Director ► Mr. Peschiera was appointed as a director of the company in August of 2024. ► He is a lawyer from the Universidad de Lima with a Master´s degree in
Slide 32: Board of Directors: Diversity and Expertise
Board of Directors: Diversity and Expertise Renovated team with knowledge from different industries and geographies Juan Vicente Revilla Vergara - Director ► Mr. Revilla was appointed as a director of the company in September of 2021. ► He holds a degree as an economist from the Universidad del Paci
Slide 33: Disclaimer
Disclaimer This presentation and its contents (the “Presentation”) are property of AENZA S.A.A. (“AENZA”), are strictly private and confidential, are for the exclusive use of the person to whom it is provided by AENZA, and for the sole purpose described herein. The recipient of the Presentation agre
Slide 34: Contact Investor Relations
USO INTERNO Contact Investor Relations relacion.inversionistas@aenza.com.pe Av. Abel B Du Petit Thouars Nro. 4957 Miraflores. T +511 213 6565 www.aenza.com.pe