Slide 1: Earnings Presentation Fourth Quarter 2022
Earnings Presentation Fourth Quarter 2022 February 2023 1
Slide 2: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 17,3% 16,7% 14,4% 10,9% 9,1% 8,0% 7,6% 6,7% 5,0% Dec-20 Dec-21 Dec-22 ROE ROA ROIC 2
Slide 3: GDP and Public and Private Investment
INTRODUCTION GDP (Var %) 13,6% PUBLIC AND PRIVATE INVESTMENT (Var %) 2,8% 2,9% Private investment 37,6% affected in 2022 by 2020 2021 2022 2023(E) business confidence and less impulse of 23,7% self-construction -11,0% 5,1% 1,0% 0,0% Mining and Construction GDP evolution -0,5% (Var %) 2020 2021 2022
Slide 4: Introduction: PEN/USD and CLP/USD exchange rates
3.38 Ene-20 3.45 Feb-20 Mar-20 3.44 Abr-20 3.38 3.43 May-20 Jun-20 3.54 Jul-20 3.53 Ago-20 3.55 Set-20 3.6 3.61 Oct-20 Nov-20 Dic-20 3.61 3.62 3.64 Ene-21 Feb-21 3.65 3.75 Mar-21 Abr-21 3.78 INTRODUCTION May-21 3.82 3.84 Jun-21 Jul-21 4.06 4.09 Ago-21 Set-21 4.13 Oct-21 Nov-21 3.99 4.06 Peru PEN / U
Slide 5: Financial Highlights
Gross Margin Adj. 4Q 2021 = 24.7%, 4Q 2022 = 25.1% Operating Margin Adj. 4Q 2021 = 11.1% ; 4Q 2022 = 9.5% Ebitda Margin Adj 4Q 2021 = 14.4% ; 4Q 2022 = 12.5% FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES MARGINS 28,8% 26,9% +8% 25,6% 25,2% 25,7% 6.593 6.112 +11% 16,4% 16,5% 15,4% 13,5% +6% 12,9%
Slide 6: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES -15% +16% +64% -8% +53% 509 1221 431 +28% 1053 190 175 313 400 107 262 Q4'21 Q3'22 Q4'22 2021 2022 Q4'21 Q3'22 Q4'22 2021 2022 SPARE PARTS AND SERVICES RENTAL AND USED +12% +8% -3% -16% 3.389 +9% 3.033 464 -9
Slide 7: Financial Highlights
Gross Margin Adj. 4Q 2021 = 24.7%, 4Q 2022 = 25.1% Operating Margin Adj. 4Q 2021 = 11.1% ; 4Q 2022 = 9.5% Ebitda Margin Adj 4Q 2021 = 14.4% ; 4Q 2022 = 12.5% FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES MARGINS 28,8% 26,9% +8% 25,6% 25,2% 25,7% 6.593 6.112 +11% 16,4% 16,5% 15,4% 13,5% +6% 12,9%
Slide 8: Net Income
NET INCOME Million Soles (S/ mm) NET INCOME 4Q2022 30 34 13 1 4 16 151 139 4Q'21 Δ Share of profit Δ D&A Δ Gain(loss) to Δ EBITDA Δ Financial exp Δ Income tax 4Q'22 Positive variations of associated FX Negative variations 8
Slide 9: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT Million Dollars (US$ mm) CASH BALANCE DEBT MATURITY AND PROFILE 258 203 Non- Current Current 49% 130 104 100 103 51% 74 80 59 54 55 53 50 93 42 81 68 29 4 2023 2024 2025 2026 2027 2028 DEBT EVOLUTION 896 899 Local banks Foreign banks CAT Capital Mkt IFRS16 33
Slide 10: Total Assets and Cash Cycle
TOTAL ASSETS AND CASH CYCLE Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE +4% 210 198 203 198 193 176 170 7.000 165 169 200 5.987 6.249 3 163 163 161 193 158 278 118 187 189 153 155 157 24 126 180 6.000 2,5 173 165 155 159 156 156 149 149 150 152 150 5.000 2 4.000 76 67 63 64 64 69 1,
Slide 11: Capex
CAPEX Million Dollars (US$ mm) CAPEX – FIXED ASSETS 43 38 32 29 3 25 2 80 4 12 4 49 12 34 6 3 17 2 7 28 8 10 18 4 5 18 8 11 9 7 -7 -14 -14 -21 -38 -76 2017 2018 2019 2020 2021 2022 Infrastructure Machinery and equipment Rental Fleet Vehicles, furniture and equipment Sale of fixed assets • Investment
Slide 12: Ferreycorp
-Ferreycorp