Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q1 2013 Earnings Presentation
30 slides from Grupo Argos's earnings presentation, 2013
Slide 1: Grupo Argos
GRUPO ARGOS
Slide 2: Disclaimer
DISCLAIMER This document contains forward-looking statements relating to GRUPO ARGOS and its subsidiaries based upon management projections. These projections reflect GRUPO ARGOS’ opinion on future events that may be subject to a number of risks, uncertainties and assumptions. Various factors may ca
Slide 3: Consolidated Results
Consolidated Results 1Q Thousand million COP$ 2013 2012 Var. (%) Revenues 1.782 1.621 10 Costs & SG&A 1.395 1.305 7 Operating Profit 388 316 23 EBITDA 517 448 15 EBITDA Margin (%) 29,0 27,6 Million US$ Revenues 995 902 10 Costs & SG&A 779 726 7 Operating Profit 216 176 23 EBITDA 288 250 15 3
Slide 4: Consolidated Results - Revenues
Consolidated Results- Revenues 11 0 4 1.782 36 2 - 69 39 1.621 Revenues Cement Energy Divestment Dividends Coal Ports Real Estate Others Revenues March 2012 March 2013 4
Slide 5: Consolidated Results - Ebitda
Consolidated Results - Ebitda 36 3 517 2 -5 -3 38 - -2 448 EBITDA March Cement Energy Divestment Dividends Coal Ports Real Estate Others EBITDA March 2012 2013 5
Slide 6: Consolidated Results – Net Income
Consolidated Results – Net Income 223 36 115 -0 -0 -4 -2 -123 -15 -0 Utilidad neta Cemento Energía Desinversiones Dividendos Carbón Puertos Inmobiliario Otros Utilidad neta marzo 2012 marzo 2013 6
Slide 7: Business Results - Proforma
Business Results - Proforma Million COP$ Cement Var. Energy Var. Holding Var. Others* Elimination Consolidated Var. Revenues 1.094.711 5% 588.857 13% 148.741 -42% 29.898 20% (79.780) 1.782.427 10% Gross Income 246.203 16% 204.680 1% 148.741 -42% 7.558 23% (66.286) 540.896 16% Gross Margin 22,5% 34,8
Slide 8: Consolidated Balance Sheet Mar.2013
Consolidated Balance Sheet Mar.2013 Assets 30,0 Short Term 8% 11% 25,0 Permanent 4,8 Investments 31% PP&E 20,0 50% 9,1 Other Long Term COP$ Trillion 15,0 26,9 Liabilities 10,0 Financial Oblig. 13,0 Short Term 5,0 6% 12% Other Short Term 19% Bonds 27% 0,0 Assets Liab. & Equity Financial Oblig. Asstes
Slide 9: Individual Results
Individual Results 1Q Thousand million COP$ 2013 2012 Var. (%) Revenues 151 253 (40) Costs & SG&A 16 8 101 Operating Profit 135 245 (45) EBITDA 135 245 (45) EBITDA Margin (%) 89,6 97,0 Million US$ Revenues 84 142 (41) Costs & SG&A 9 5 NA Operating Profit 75 138 (46) EBITDA 75 138 (46) 9
Slide 10: Individual Balance Sheet Mar.2013
Individual Balance Sheet Mar.2013 Assets 18,0 3% Short Term 16,0 16% 1,8 14,0 Permanent Investments 12,0 81% PP&E 10,0 8,0 16,0 14,2 Liabilities COP$ Trillon 6,0 4,0 Financial Oblig. 4% Short Term 17% 24% Other Short Term 2,0 Bonds 0,0 Assets Liab. & Equity 16% Financial Oblig. Assets Equity Liabili
Slide 11: 11
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Slide 12: Ene – Mar. Volumes
Ene – Mar. Volumes Cement Sales Distribution +5 2.624 + 140 2.593 Colombia 14% Caribbean Local and 15% 45% Trading Export +7 - 107 USA - 26% Southeast -8% -1% +56% +2% +1% YTD 2012 Colombia Caribbean Local Export USA - Southeast YTD 2013 and Trading Ready - mix concrete Sales Distribution 2.078 + 13
Slide 13: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 1.600 300 +4% +19% 232 1.200 1.095 1.055 194 2013 21 200 800 100 400 2012 18 0 0 2012 2013 2012 2013 0 5 10 15 20 25 1Q 2012 2013 1Q 13
Slide 14: Celsia
W CELSIA
Slide 15: Jan. – Mar. Volumes Gx y Dx
Jan. – Mar. Volumes Gx y Dx Generated Energy in GWh + 475 1.599 + 39 1.615 - 498 +84% +187% -38% +1% YTD 2012 Celsia Zona Franca Celsia EPSA YTD 2013 Distributed Energy in GWh Generation Type Jan - Mar + 47 522 475 Hidro 47% 53% Termo +9,9% YTD 2012 EPSA YTD 2013 15
Slide 16: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ +13% 589 300 600 -1% 520 2013 36 214 211 400 200 200 100 2012 41 0 0 2012 2013 2012 2013 0 10 20 30 40 50 1Q 1Q 2012 2013 16
Slide 17: Negocio Inmobiliario
Negocio Inmobiliario 17
Slide 18: Highlights
Highlights Brand Launch Urbanism License Property Business Internal launch of the Has the purpose of granting Property lease of offices brand has already taken the license to 250 hectares and land in Barranquilla to place and has been to the north of Barranquilla Cementos Argos circulated in d
Slide 19: Financial Results
Financial Results Revenues Revenues EBITDA EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 6 3 +34% 2 4,6 0,9 -75 2013 1 4 3,4 0 2012 2013 -1 2 -2 2012 27 -3 0 -4 -3,4 -100 -50 0 50 2012 2013 1Q 2012 2013 1Q 19
Slide 20: Negocio Portuario
Negocio Portuario 20
Slide 21: Highlights
Highlights Ports Asociations Tolu Facility Buenavista Facility Operating and trade Authorization as customs Beginning trade operations agreements with the SCC warehouse and at the Buenavista Port in terminals of Cementos Argos international logistics the Cartagena harbor in Houston, United Sta
Slide 22: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 30 -3% 10 25 24 -10% 8 6,3 2013 30 5,6 20 6 4 10 2012 31 2 0 0 2012 2013 2012 2013 0 10 20 30 40 1Q 1Q 2012 2013 22
Slide 23: Cargo Vessels
Cargo Vessels Ships Moved 159 +1 141 - 16 -1 -2 -11% YTD 2012 Cartagena Buenaventura Barranquilla Tolú YTD 2013 23
Slide 24: Grupo Argos
r NG } GRUPO ARGOS
Slide 25: Highlights
Highlights The company continues the strategic exercise to define the company's future, including new business and projects that are line with Grupo Argos vision. Reestablishment of operations in Bijao mine. 25
Slide 26: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 3 20 2 17,2 1,1 -47% 1 -53 2013 15 0 2012 2013 -1 10 9,1 -2 -3 5 2012 6 -4 -5 0 -4,8 2012 2013 -6 -60 -40 -20 0 20 1Q 1Q 1Q 26
Slide 27: Grupo Argos – Debt Profile at March 2013
Grupo Argos – Debt Profile at March 2013 $COP 732 Thousand Million Conv. Bonds – Equity 2015 750 200 500 703 100 173 200 200 250 100 59 0 0 2015 apr-13 jun-13 sep-13 2016 2020 Convertible Bonds Bank Loans Commercial Papers Consolidated Cost of Debt (%) COP vs USD 10,0% 8,0% 7,5% 16% 7,8% 7,8% 7,3% 7
Slide 28: Portfolio Investment
Portfolio Investment Stake Value Value Price per Share Company Held (COP$ millon) (US$ million)*** (In COP)* Grupo Suramericana 29,2% 5.342.959 2.916 39.000 Grupo Suramericana (P) 9,7% 404.183 221 39.200 Bancolombia 2,5% 365.816 200 28.800 Grupo Nutresa 9,8% 1.176.338 642 26.000 Total 7.289.296 3.97
Slide 29: Individual Cash Flow
Individual Cash Flow Cash Flow at Dec. 2012 554.261 EBITDA +135,195 Working Capital Var. -29,121 Taxes -1,215 CAPEX -8,893 Net Dividends +10,099 Net Financial Expenses -18,702 Net Other Not - Operational -2,051 Others Operational 0 Net Op. Financial Obligations -383,066 Accounting Adjustment -144,68
Slide 30: Ricardo Sierra, Nicolás Valencia
www.grupoargos.com Ricardo Sierra Nicolás Valencia CFO Investor Relations rsierra@grupoargos.com Tel.: (574) 319.87.12 Medellín, Colombia nvalenciap@grupoargos.com Medellín, Colombia 30