Slide 1: Earnings Presentation Third Quarter 2022
Earnings Presentation Third Quarter 2022 October 2022 1
Slide 2: Agenda
Agenda 1. Introduction 2. Commercial Performance 3. Financial Results 2
Slide 3: 1. Introduction
-Ferreycorp Introduction
Slide 4: Introduction: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 20,3% 18,6% 18,8% 16,7% 15,9% 14,2% 14,4% 12,9% 13,3% 12,2% 11,6% 10,9% 9,9% 9,4% 9,1% 9,1% 8,0% 8,4% 8,3% 7,7% 6,8% 6,7% 5,4% 7,0% 6,3% 5,8% 5,0% 5,2% 5,1% 3,6% 3,5% 3,4% 2,3% Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Set-22 ROE ROA
Slide 5: Introduction: GDP, Investment, Mining and Construction
INTRODUCTION GDP (Var %) 13,6% PUBLIC AND PRIVATE INVESTMENT (Var %) 3,0% 2,2% 1,5% Private investment 37,6% affected in 2022 by 2019 2020 2021 3Q22 2022(E) business confidence 23,7% -11,0% 14,0% 4,0% 2,1% 0,0% Mining and Construction GDP evolution (Var %) 2019 2020 2021 3Q22 2022(E) -1,4% -1,3% 34,
Slide 6: Introduction: Peru PEN/USD and Chile CLP/USD
Ene-20 3.38 3.45 Feb-20 Mar-20 3.44 Abr-20 3.38 May-20 3.43 Jun-20 Jul-20 3.54 3.53 Ago-20 3.55 Set-20 3.60 Oct-20 3.61 Nov-20 3.61 Dic-20 3.62 Ene-21 3.64 Feb-21 3.65 INTRODUCTION Mar-21 3.75 Abr-21 3.78 May-21 3.82 Jun-21 3.86 Jul-21 4.06 Ago-21 4.09 Set-21 4.13 Peru PEN / USD Oct-21 3.99 Nov-21 4
Slide 7: Highlights: Advanced cash dividend payment
HIGHLIGHTS Advanced cash dividend payment • The Board of Directors, on its meeting held on August 31 and in exercise of what’s stated in the Dividend Policy, approved to pay an advance cash dividend of S/ 120 million soles, which corresponds to fiscal year 2022 results. • This amount is equivalent t
Slide 8: 2. Commercial Performance
Ferreycorp 2. Commercial Performance
Slide 9: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES -19% +18% +11% -41% -8% 319 256 -7% 821 182 740 91 107 282 285 262 Q3'21 Q2'22 Q3'22 YTD 2021 YTD 2022 Q3'21 Q2'22 Q3'22 YTD 2021 YTD 2022 SPARE PARTS AND SERVICES RENTAL AND USED +13% +15% +14% -1% +11% 2.47
Slide 10: 3. Financial Results
-Ferreycorp 3. Financial Results 10
Slide 11: Financial Highlights
Gross Margin Adj. 3Q2021 = 24.5%, 3Q 2022 = 27.1% Operating Margin Adj. 3Q 2021 = 11.4% ; 3Q 2022 = 11.3% Ebitda Margin Adj 3Q 2021 = 15.2% ; 3Q 2022 = 14.7% FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES MARGINS 27,2% 28,8% 27,4% +8% 25,9% 24,9% 4.707 +7% 4.354 18,0% 16,3% 16,9% +0.5% 13,8% 13,9%
Slide 12: Net Income
NET INCOME Million Soles (S/ mm) NET INCOME 3Q2022 18 27 8 9 1 2 86 91 3Q'21 Δ Share of profit Δ D&A Δ Gain(loss) to Δ EBITDA Δ Financial exp Δ Income tax 3Q'22 Positive variations of associated FX Negative variations 12
Slide 13: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT Million Dollars (US$ mm) CASH BALANCE 252 DEBT MATURITY AND PROFILE 199 120 Non- 105 104 100 Current 74 77 Current 59 172 48% 52% 45 51 49 48 118 92 80 67 29 4 2022 2023 2024 2025 2026 2027 2028 DEBT EVOLUTION 896 899 33 42 857 731 863 89 Local banks Foreign
Slide 14: Total Assets and Cash Cycle
TOTAL ASSETS AND CASH CYCLE Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE -1% 210 203 198 198 193 200 176 7.000 6.319 0 6.298 3 163 163 161 165 169 165 33 9 3 153 150 157 6.000 2,5 150 5.000 2 4.000 100 76 1,5 67 63 64 62 64 69 62 1,02 56 57 57 52 50 56 3.000 0,96 45 1 50 2.000 55 58
Slide 15: Capex
CAPEX Million Dollars (US$ mm) CAPEX – FIXED ASSETS 43 38 29 29 2 2 4 4 25 49 12 12 65 34 6 3 2 7 17 10 28 8 5 4 18 8 11 9 3 4 -7 -14 -14 -21 -38 -45 2017 2018 2019 2020 2021 2022 Infrastructure Machinery and equipment Rental Fleet Vehicles, furniture and equipment Sale of fixed assets 15
Slide 16: -Ferreycorp
-Ferreycorp