Slide 1: Earnings Presentation Fourth Quarter 2023
Earnings Presentation Fourth Quarter 2023 February 2024
Slide 2: Highlights: Advanced Dividend Payment
HIGHLIGHTS Advanced Dividend Payment • The Board of Directors, in a session held on September 27, 2023, agreed an advance dividend payment of S/ 100 million, which corresponds to fiscal year 2023 results. • This is equivalent to a cash dividend of S/ 0.1068 per share. • It was paid on October 26th 2
Slide 3: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 20.3% 18.6% 18.8% 18.5% 16.7% 17.3% 17.2% 17.3% 16.8% 15.9% 14.2% 14.0% 14.4% 14.1% 12.2% 12.8% 12.0% 11.2% 11.3% 10.9% 10.7% 10.7% 9.9% 9.4% 9.1% 8.7% 8.3% 8.6% 8.4% 9.4% 7.3% 7.7% 7.6% 7.6% 7.7% 5.4% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-
Slide 4: Introduction: GDP, Investment, Mining and Construction
INTRODUCTION GDP (Var %) 13.6% Public & Private Investment (Var %) 37.6% 2.8% 2.8% 23.7% -0.5% 2021 2022 2023 2024(E) 5.1% 4.0% 1.4% 2.5% Mining and Construction GDP evolution -0.5% (Var %) -7.1% 34.5% 2021 2022 2023 2024(E) 10.5% 8.4% Private Invest. Public Invest. 4.2% 3.4% 2.1% -2.4% Private inve
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES +6% 6,995 +12% 6,593 MARGINS +6% 25.2% 26.2% 25.5% 25.7% 25.8% 1,885 1,785 2,003 13.6% 13.6% 13.5% 13.6% 12.5% Q4'22 Q3'23 Q4'23 2022 2023 10.4% 10.0% 9.5% 10.2% 10.0% OPERATING PROFIT Q4'22 Q3'23 Q4'23 2022 2023 +6% Gross margin Operating Margin Ebit
Slide 6: Evolution of Exchange Rates
EVOLUTION OF EXCHANGE RATES Exchange Rate Peru - Chile Pesos ==——=Soles 5 1000 900 932 905 960 936 as > ase a5 en sg 877 00 804 798 788 B28 aoa 83° 14 03 812 802 700 4 600 3.838 3828 3.847 sae 3.854 3.851 3.842 500 3.83 3.82 381 3.797 3.759 3.765 . B 3.707 3.719 3.739 3.713 35 3.701 3.682 3.633 3.61
Slide 7: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) Net Income Adjusted Net Income +4% +6% 419 434 416 443 450 400 350 300 250 200 150 100 50 0 2022 2023 2022 2023 7
Slide 8: Financial Highlights - EBITDA
FINANCIAL HIGHLIGHTS - EBITDA Million Soles (S/ mm) EBITDA +7% 951 888 +12% +16% 235 273 243 Q4'2022 Q3'2023 Q4'2023 2022 2023 8
Slide 9: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES -33% +18% +49% 536 +51% 1,378 1,168 -40% 359 +39% 239 143 490 96 353 326 Q4'22 Q3'23 Q4'23 2022 2023 Q4'22 Q3'23 Q4'23 2022 2023 SPARE PARTS AND SERVICES RENTAL AND USED +13% +2% 3,817 3,386 420 429 +2% -30%
Slide 10: Financial Highlights
Gross Margin Adj. 4Q 2022 = 25.1%, 4Q 2023 = 24.9% FINANCIAL HIGHLIGHTS Operating Margin Adj. 4Q 2022 = 9.5% ; 4Q 2023 = 9.9% Million Soles (S/ mm) Ebitda Margin Adj 4Q 2022 = 12.5% ; 4Q 2023 = 13.1% SALES MARGINS +6% 6,995 26.2% 25.5% 25.7% 25.8% +12% 6,593 25.2% +6% 13.6% 13.6% 13.5% 13.6% 12.5% 1
Slide 11: Net Income
NET INCOME Million Soles (S/ mm) NET INCOME 4Q23 0 10 38 35 17 7 139 142 4Q'22 Δ Share of profit Δ D&A Δ Gain(loss) to Δ Financial exp Δ Income tax Δ EBITDA 4Q'23 of associated FX Positive variations Negative variations
Slide 12: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) Net Income Adjusted Net Income 139 142 128 121 115 119 115 114 106 111 103 91 95 87 62 65 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2022 2023 2022 2023 12
Slide 13: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT In Millions Dollars (US$ mm) Cash Balance Debt Maturity and Profile (In Millions US$) (In Millions US$) 422 103 Non- Current 80 74 32% 59 63 62 59 54 55 53 50 53 Current 42 68% 85 72 32 5 8 2024 2025 2026 2027 2028 > 2028 605 Debt Evolution 636 (In Millions U
Slide 14: 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 7,000 6,248 49 150 6,525 3 27 51 169 200 176 170 163 163 161 165 187 193 189 158 154 158 160 6,000 2.5 180 153 155 157 151 173 165 159 156 5,000 2 149 155 149 150 152 150 156 149 145 154
Slide 15: Capex
CAPEX In millions US$ 32 95* 3 39 1 43 2 62 50 Investment 0 12 49 34 13 7 7 36 8 53 20 37 15 11 10 -14 -14 -38 -20 -65 Disinvestment 2019 2020 2021 2022 2023 • Investment in intangible assets reached US$ 2.8 million dollars as of December 2023 * Disclaimer: Capital Expenditures on Infrastructure inc
Slide 16: Ferreycorp
Ferreycorp CAT UNIMAQ Cat Cat car car) SOLTRAK ¥ TREX ¥ MOTORED ¥ roams #| FARGO