Aenza Saa · BVL:AENZAC1
Aenza Saa — Aenza — Q1 2024 Earnings Presentation
34 slides from Aenza Saa's earnings presentation, July 2024
Slide 1: 1Q2024 Corporate Presentation
July 2024 1Q2024 Corporate Presentation AENZA
Slide 2: Index
01 03 05 Transformation and Growth AENZA Overview Strategy Appendix Index 02 04 Key Highlights Remarks 2
Slide 3: AENZA Overview
AENZA AENZA Overview
Slide 4: AENZA At a Glance
AENZA At a Glance Preeminent concessions developer and operator in the infrastructure and energy space with premier E&C and leading RE businesses Company Overview Revenues and Adjusted EBITDA by Segment Revenues LTM 1Q2024 2 Consolidated Revenues Backlog 1 Consolidated Adjusted EBITDA LTM 1Q2024 1Q2
Slide 5: Consolidated Financial Results
Consolidated Financial Results Results remain strong and continue to improve, including a significant reduction in financial debt Revenues (USD MM) and Backlog/Revenues 1,2 Adjusted EBITDA (USD MM) and Adjusted EBITDA Margin (%) ² 18.8% 19.0% 2.1x 2.0x 2.0x 15.0% 15.1% 1.7x 1.8x 13.5% 12.7% 1.6x 1.6
Slide 6: Consolidated Financial Results
Consolidated Financial Results (US$ thousands) Q12023 Q22023 Q32023 2023 1Q2024 May-24 Working Capital + Leasing 35,849 36,515 33,314 31,215 34,790 31,309 Project Finance 253,584 256,862 247,206 248,985 244,722 240,920 Corporate Debt 6,938 7,970 7,985 7,980 7,614 5,863 Total banking debt 296,371 301
Slide 7: Overview of UNNA Infraestructura
Overview of UNNA Infraestructura Leading infrastructure concessions platform in Peru with 10+ years of remaining average concession life Main Companies Urban Transportation Linea 1 of Lima Metro (2041) Linea 1 Train Concessionaire (33 km) Only urban railway system in Peru, +550k daily passengers Con
Slide 8: Overview of UNNA Energia
Overview of UNNA Energia Energy concession and infrastructure company with long-term contracts, including offtake agreements with the Government and limited exploration risk Development and operation of energy projects in LatAm Gas Processing +40 years USD 186 MM USD 64 MM Plant of experience Revenu
Slide 9: Overview of Real Estate (Viva)
Overview of Real Estate (Viva) Real estate development company focused on the development of sustainable spaces and driven by a significant housing deficit Development Plan Main Characteristics ► Affordable housing (AH) projects under execution: Parques de Comas, Parques de Callao, Parques de Piura,
Slide 10: Overview of Engineering & Construction
Overview of Engineering & Construction The E&C business has anchored the development of our infrastructure and concessions businesses Geographic Presence E&C Backlog (USD MM) Permanent operations in E&C Backlog / E&C Revenues LTM 1Q2024: 0.8x Colombia, Chile and Peru 1.6 1.4 Experience in 12 countri
Slide 11: Transformation and Growth Strategy
Transformation and Growth Strategy
Slide 12: Strategic Shift Towards a More Predictable Revenue Model
Strategic Shift Towards a More Predictable Revenue Model Concession Centered Transition Period E&C Centered Projects Pipeline Strategic Plan ► Line 1 expansion Real Estate Concessions ► Norvial expansion a) Image rehabilitation & compliance: Overcome the - Infrastructure & extension past (class acti
Slide 13: Implementation Timeline of Turnaround
Implementation Timeline of Turnaround AENZA has achieved significant milestones since IG4 completed its transaction in August 2021 Key Milestones Achieved Implementation of the Restructuring Plan, Settlement of Past Legal Considerations, and Definition of the Long-Term Strategy for each Growth Phase
Slide 14: Shareholder Structure
Shareholder Structure Pre IG4 Capital Tender Offer Post IG4 Capital Tender Offer, Conversion of Bonds, & 2023 Capital Increase Shareholders – May 2021 (871,917,855 common shares) Shareholders – June 2024 (1,371,964,891 common shares) 13.5% 7.2% Reference shareholder 9.3% 28.8% 36.6% 8.7% 30.0% 4 Per
Slide 15: Key Highlights
AENZA Key Highlights
Slide 16: Diversified Portfolio Approach with Four Business Units
I Diversified Portfolio Approach with Four Business Units with Unique and Complementary Risk, Return, and Growth Profiles... Diversified EBITDA Profile Key Attributes Portfolio Role Adj. EBITDA LTM 1Q24: USD 228 MM ✓ Long-Term Concession Contracts or Fully-Owned Assets Concessions and Infrastructure
Slide 17: Leading Concessions Platform: Railway and Toll Road
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Railway - Linea 1 Adj. EBITDA for Other Adj.2 (USD MM), Adj. EBITDA for Other Adj. Mg (%) 17 16% ✓ Transportation service offering a daily solution to ~600k
Slide 18: UNNA Infraestructura – Main Highlights
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Unna Infrastructura – Main Highlights Strategy Business Highlights and Operational Metrics ✓ Long term concession contracts Overview of Linea 1 # Rolling st
Slide 19: Oil and Gas; Transport and Distribution
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Oil and Gas Adj. EBITDA for Other Adj.1 (USD MM), Adj. EBITDA for Other Adj. Mg (%) 21 21% ✓ Operation of two strategically located production blocks includ
Slide 20: UNNA Energia – Main Highlights
II ...Anchored on its Leading Concessions Platform Built Upon a Mature Portfolio of Assets with Long-Term and Predictable Cash Flow Profiles... Unna Energia – Main Highlights Strategy Business Highlights and Operational Metrics Consolidated # of Drilled Oil Wells Total # of drilled wells Block III B
Slide 21: Leading E&C Business with Unparalleled Experience
III …Supported by a Leading E&C Business with Unparalleled Experience in Complex and Large- Scale Projects… E&C – 2023 Backlog Breakdown (%) 1 Technical Expertise and Reliability Infrastructure By Country By Sector ✓ 90+ years participating in the most Others 2,000+ km constructed highways Mining em
Slide 22: Synergistic Business Model
IV ...Operating Under a Synergistic Business Model to Increase Consolidated Margins, Improved Risk Management and Drive Operational Excellence... Concessions & Infrastructure Real Estate (“RE”) Design + Build + Own + Operate + Maintain Synergy Cycle 1 Line 1 The built infrastructure requires periodi
Slide 23: World-Class Off-takers and Investment Grade Counterparties
V ...With World-Class Off-takers and a Client Portfolio With Investment Grade Counterparties... Off-Takers and Counterparties Peruvian Government EMBI Country Risk (bps)1 Solid off-taker backing cash flows: Infrastructure ✓ Peruvian Government Concessions & Infrastructure (Investment Grade) 309 ✓ Qu
Slide 24: Commitment to Market-Leading ESG Policies
VI …with a Commitment to Implementing Market-Leading ESG Policies Across our Business Units… Environmental and Social Management System (ESMS) in place to drive uniform ESG management throughout our business units, so our exceptional environmental and social performance is maintained and scales with
Slide 25: Remarks
Remarks We operate a portfolio of diversified and best-in-class assets with stable cash flow generation and limited A operating, demand, and FX risk We design, build, own, operate, and maintain our own assets through a comprehensive portfolio B approach that allows us to leverage our extensive E&C a
Slide 26: Appendix
AENZA Appendix
Slide 27: Recent Developments | Plea Agreement
Recent Developments | Plea Agreement Timeline May-21 Sep-22 Aug-23 Dec-23 AENZA entered into a Collaboration and Final CBA entered into between Peruvian Agreement was homologated Agreement entered into force with its Benefits Agreement (CBA) with Peruvian Public Prosecutor’s Office, the Attorney con
Slide 28: Organizational Structure
Organizational Structure New Organizational Chart Board Committees and Functions BOARD OF DIRECTORS ► Oversees the integrity of the financial statements Audit and Compliance ► Oversees legal compliance and regulatory requirements CEO Andre Mastrobuono Committee ► Monitors the performance of the audi
Slide 29: Strong Corporate Governance and Compliance Policy
Strong Corporate Governance and Compliance Policy Committed to Ensure Superior Results 2017 2018 2019 2020 2021 2022 2023 Focus on Governance Focus on Ethics, Values Focus on Monitoring and Focus on Regulation and Focus on Regulatory Focus on Regulatory Focus on Risks Corporate and Compliance Report
Slide 30: Board of Directors: Diversity and Expertise
Board of Directors: Diversity and Expertise Renovated team with knowledge from different industries and geographies Juan Vicente Revilla Vergara - Director - Chairman ► Mr. Revilla was appointed as a director of the company in September of 2021. ► He holds a degree as an economist from the Universid
Slide 31: Board of Directors: Diversity and Expertise
Board of Directors: Diversity and Expertise Renovated team with knowledge from different industries and geographies Carlos Rojas - Director ► Mr. Rojas was appointed as a director of the company in December of 2020. ► He holds a bachelor’s degree in business administration from the Universidad del P
Slide 32: Board of Directors: Diversity and Expertise
Board of Directors: Diversity and Expertise Renovated team with knowledge from different industries and geographies Julio Dittborn - Director ► Mr. Dittborn was appointed as director of the company in March 2022. ► He is a Commercial Engineer from the Pontificia Universidad Catolica de Chile and MBA
Slide 33: Disclaimer
Disclaimer This presentation and its contents (the “Presentation”) are property of AENZA S.A.A. (“AENZA”), are strictly private and confidential, are for the exclusive use of the person to whom it is provided by AENZA, and for the sole purpose described herein. The recipient of the Presentation agre
Slide 34: Contact Investor Relations
USO INTERNO Contact Investor Relations relacion.inversionistas@aenza.com.pe Av. Abel B Du Petit Thouars Nro. 4957 Miraflores. T +511 213 6565 www.aenza.com.pe