Ferreycorp Saa · BVL:FERREYC1
Ferreycorp Saa — Ferreycorp — Investor Presentation (September 2022)
26 slides from Ferreycorp Saa's investor presentation, September 2022
Slide 1: Corporate Presentation Ferreycorp
Corporate Presentation Ferreycorp September 2022 hacemos posible el años, desarrollo de los lugares en los que estamos.
Slide 2: Overview of the Company
Overview of the Company • Ferreycorp was established in 1922 focusing in commercialization of consumption products. • In 1942 , the company assumes the representation and strategic alliance with Caterpillar Tractor (almost 80 years ago) in Peru and entered the capital goods field. • In the same deca
Slide 3: Portfolio Diversification
Portfolio Diversification Thanks to the experience and knowledge acquired with Caterpillar, the corporation and its subsidiaries have established strong long-term relationships with a number of global brands. Ferreycorp has consolidated as a prestigious portfolio of represented brands, becoming the
Slide 4: Ferreycorp Strategy and Capabilities
Ferreycorp Strategy and Capabilities
Slide 5: Corporation´s Operating Model
Corporation´s Operating Model Role of Parent Role of subsidiary Shared services center Company companies STRATEGIC COHERENCE STANDARDIZATION AND OPERATIONAL AUTONOMY EFFICIENCIES Business vision Customer proximity and Strategic planning Standardization of market coverage and definition of th
Slide 6: Corporate Structure
Corporate Structure BVL: FERREYC1 Caterpillar Dealers and Allied Caterpillar Dealers and Other Other Subsidiaries in Peru and Brands in Peru Businesses in Central America Abroad Chile, Colombia , Ecuador, Perú Guatemala, Belice El Salvador ... Nicaragua El Salvador, Honduras
Slide 7: Allows achieve diversification
Allows achieve diversification YTD 2022 Caterpillar Dealers and Allied Caterpillar Dealers and other Other Subsidiaries in Peru (S/. Million) brands in Peru businesses in Central America and Abroad Sales 2,288 305 423 % of Total Sales 76% 10% 14% EBITDA 281 42 58 % of Total EBITDA 74% 11% 15% EBITDA
Slide 8: Sales by Group of Subsidiaries
Sales by Group of Subsidiaries Sales by Group of Subsidiaries (In million S/) 1,778 1,653 1,708 1,601 1,552 1,582 1,477 240 243 1,439 262 1,434 1,302 1,341 1,372 232 274 165 215 1,236 1,207 1,231 1,272 1,269 201 102 1,179 1,220 130 1,243 237 143 209 209 145 1,099 206 202 116 233 113 124 198 191 213
Slide 9: Ferreycorp Strategy
Ferreycorp Strategy BUSINESS PILLARS Optimize Seeks to add efficiencies in the business model, the organization, the business use of assets, and the composition of products and services portfolio. Ensure business sustainability, expand it´s value offer, and provide Protect & comprehensive solutions
Slide 10: Key Capabilities developed over the years
Key Capabilities developed over the years Long-term strategic alliances. Access to best practices, Xcellence programs. Market coverage Unmatched supply chain and logistics capabilities Excellence in after market with experienced technicians and accumulated data Financial strength and funding sources
Slide 11: With a strong market share in order to take all the market opportunities
With a strong market share in order to take all the market opportunities Open pit mining Heavy construction HITACHI SANY EPIROC 2% 1% 5% XCMG P&H 2% OTROS 1% DOOSAN 8% 2% HYUNDAI 4% JOHN DEERE KOMATSU 6% 35% VOLVO CATERPILLAR CATERPILLAR 53% 59% 9% In units US$ FOB Rolling 12 mo, Jun 2022 Rolling 12
Slide 12: Supported by current Mining customers: 50% of sales
Supported by current Mining customers: 50% of sales Large Open Pit Medium Size and Underground Cerro Corona Iscaycruz La Zanja Shahuindo El Porvenir Raura (UG) Yanacocha (UG) Atacocha Islay (UG) (UG) San Cristobal Animon (UG) (UG) Uchucchacua Carahuacra Antamina Morococha (UG) Iscaycruz Toromocho Ya
Slide 13: Increasing Caterpillar mining trucks and shovels population over the years
Increasing Caterpillar mining trucks and shovels population over the years Mining Investment Caterpillar Mining Trucks and Shovels Population Units US$ Bn $12 800 742 727 $10 670 700 651 617 627 592 $8 563 600 515 $6 482 500 416 $4 376 400 360 323 $2 281 300 249 234 215 192 $0 165 166 173 200 131 98
Slide 14: Leverage our sales
Leverage our sales Open Pit Mining Sales Mining Investment US$ Million Machines, Spare parts and Services US$ Bn 800 12000 700 10000 600 150 161 87 8000 500 343 119 143 179 314 160 400 136 6000 205 300 137 46 4000 500 528 490 200 407 401 361 354 325 325 268 258 2000 229 100 198 0 0 2010 2011 2012 20
Slide 15: Resilient Business Model
Resilient Business Model Sales by Business Line • Spare parts and services support business. US$ MM US$ 2,000 1.9Bn US$ US$ US$ US$ 1.8 Bn US$ • Diversification strategy through business 1.7Bn 1.6Bn US$ US$ 1.6 Bn 1.6 Bn 1,500 1.4Bn 1.4Bn US$ lines, presence in different economic sectors, 1.4 Bn US$
Slide 16: Reflected in strong financial results
Gross Margin Adj. 2Q21 = 26.2% / 2Q22 = 26.1% Operating Margin Adj. 2Q21 = 11.8% / 2Q22 = 11.4% Ebitda Margin Adj 2Q21 = 15.8% / 2Q22 = 15.1% Reflected in strong financial results Million soles (S/ mm) Sales Margins 27.2% 27.6% - 18% 25.6% 24.9% - 15% +9% 23.5% 1,691 1,758 1,582 18.0% 1,434 1,454 17
Slide 17: NET INCOME
NET INCOME Million Soles (S/ mm) NET INCOME 1Q2022 0 9 17 30 11 2 86 61 2Q'21 Δ Share of profit Δ D&A Δ Gain(loss) to Δ EBITDA Δ Financial exp Δ Income tax 2Q'22 Positive variations of associated FX Negative variations 17
Slide 18: Net Profit impacted by FX Loss
Net Profit impacted by FX Loss Net Profit, Margin and FX Loss (In million S/) 377 40.00% 267 270 245 35.00% 225 220 30.00% 189 170 25.00% 144 20.00% 120 15.00% 70 10.00% 5.50% 6.10% 4.30% 4.20% 3.80% 20 2.96% 39 25 5.00% -1 -30 -59 0.00% Net Profit -106 2017 2018 2019 2020 2021 -128 Jun-22 FX gain/
Slide 19: Liquidity and working capital trends
Liquidity and working capital trends Cash Balance Target: 50% - 50% 252 199 (In million US$) Debt Maturity (In million US$) 173 Non- 120 Current 135 Current 105 104 100 50% 50% 74 77 59 51 49 72 45 60 54 29 4 Mar'20 Apr'20 May'20 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21 Sep'21 Dic'21 Mar'22 Jun'22 2022 20
Slide 20: Financial expenses and controlled average cost of debt
Financial expenses and controlled average cost of debt Financial Expenses Average cost of debt (In million S/) 140 8.0 0% 130 7.0 0% 120 110 100 95 95 6.0 0% 90 3.67% 73 5.0 0% 3.53% 80 70 3.43% 70 4.0 0% 60 2.77% 3.0 0% 50 2.70% 24.8 40 2.0 0% 30 21.3 20 2.0% 1.6% 1.0 0% 10 1.4% 1.3% 0 1.2% 0.9% 0.
Slide 21: Controlling main assets and CAPEX
Controlling main assets and CAPEX Account Receivables (In million S/) 1,221 1,147 + 8% Capex 26 1,036 1,054 1,012 1,088 (In million US$) 32 40 38 61 45 43 38 19 1,195 1,115 1,050 29 975 1,015 967 2 25 4 1 4 49 12 2018 2019 2020 2021 2Q2021 2Q2022 12 34 Short Term Long Term 6 3 46 2 7 17 10 28 8 5 4
Slide 22: Important Investment in Assets
Important Investment in Assets Total Assets Cash Cycle (In million S/) (Days) -1% 210 6,053 6,046 3 198 193 195 192 189 54 76 52 6,000 172 163 163 161 165 169 2.5 149 149 157 5,000 2 4,000 1.5 3,000 1.07 76 0.88 67 63 64 62 64 69 56 60 56 56 2,000 1 51 45 50 1,000 0.5 53 55 52 52 58 55 57 52 51 50 4
Slide 23: Sustainability Program
ULL Sustainability Program ‘Ferreycorp
Slide 24: SUSTAINABILITY
SUSTAINABILITY Positive Relations with all Stakeholders • Good Corporate Governance Principles • Ferreycorp Association. • Respect for the rights of shareholders • Ferreyros’ Heavy Equipment Operators Club • Transparent and timely delivery of information • Think Big Program • Effective representatio
Slide 25: Dow Jones Results 2017-2021 by Dimension
Dow Jones Results 2017-2021 by Dimension 80 72 70 61 60 56 57 56 49 51 50 44 44 46 41 40 38 36 30 30 20 10 7 0 1. Governance & Economic 2. Environmental Dimension 3 Social Dimension Dimension 2017 2018 2019 2020 2021
Slide 26: Ferreycorp
-Ferreycorp