Aenza Saa · BVL:AENZAC1
Aenza Saa — Aenza — Investor Presentation (April 2023)
39 slides from Aenza Saa's investor presentation, April 2023
Slide 1: 2022 Corporate Presentation
April 2023 2022 Corporate Presentation AENZA
Slide 2: Index
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: At a Glance
At a Glance Leading Peruvian Conglomerate in Infrastructure, Energy, Real Estate, and Engineering & Construction Company’s Overview Strong Presence in the LatAm Region Holding Company Permanent Operations +89 years in Peru, Chile, and Colombia Experience in 12 countries Operational excellence and re
Slide 5: Business Divisions
Business Divisions AENZA is a leading concession platform in Peru with a diverse portfolio of companies and operations in the Andean region Holding Company 1 2 3 4 Leading Infrastructure Platform In Peru Oil & Gas Company with Oil Storage Capacity Leading Residential Developer in Peru Largest E&C Co
Slide 6: UNNA Infraestructura
1 UNNA Infraestructura Leading infrastructure platform in Peru with 12 years average remaining life of concessions Main Companies TRANSPORTATION ► Line 1 of the Lima Metro (2041) Concessionaire of Line 1 Railway (33 Km) Only urban railway system in Peru, ~450k daily passengers ROADS ► Norvial (2028)
Slide 7: UNNA Energia
2 UNNA Energia Energy company with 35 years of experience, long-term contracts and limited exploration risks Main Businesses UPSTREAM SERVICES Three oil block concessions: Block III (2015-2045), Block IV (2015-2045), and Block V (1993-2023) ► +4,100 barrels of oil produced per day (as of Dec-22) ► 1
Slide 8: Real Estate
3 Real Estate Real estate company focused on the development of affordable housing in Lima (capital) and provinces Subsidiaries VIVA ► Affordable housing projects under execution: Parque Comas, Parque de Huancayo, Parque Piura, among others ► 4,730 units to sell for the next 6 years in Parque Comas
Slide 9: Engineering & Construction (E&C)
4 Engineering & Construction (E&C) Leading E&C company in the Andean Region with c. 100% of its revenues from the private sector and more than 89 years of experience in the industry Subsidiaries Infrastructure 2,000+ km Constructed Highways Mining 11+ Process Plants 1,400+km Access Roads CUMBRA ► Ne
Slide 10: Consolidated Financial Results
Consolidated Financial Results Consolidated financial results considering all business units Revenues (USD MM) and Backlog/Revenues 1,2 EBITDA (USD MM) and EBITDA Margin (%) ² 2.1x 2.0x 2.0x 16.3% 15.0% 15.1% 1.7x 13.5% 13.2% 1.6x 11.7% 1.4x 197 1,232 171 1,149 147 151 1,052 981 987 868 123 116 2017
Slide 11: Consolidated Financial Results
Consolidated Financial Results Consolidated financial results considering all business units Financial Liabilities (USD MM) Q421 Q122 Q222 Q322 Q422 Working Capital + Leasing 58.7 50.7 27.1 25.8 23.4 Project Finance 256.2 270.1 260.2 250.2 255.2 Corporate Debt - - - - - Total Banking Debt 314.9 320.
Slide 12: Key Highlights
_ AENZA \\ Key Highlights
Slide 13: Key Highlights
Key Highlights I Unparalleled Experience and Undisputed Leader in Complex and Large-Scale Projects II Strong Commitment to Sustainability III Backlog and Submitted Proposals Represent a Strong Foundation for Future Revenues IV Solid Macroeconomic Fundamentals V Resilient Cash Flow Generation from Hi
Slide 14: Unparalleled Experience and Undisputed Leader in Complex and Large-Scale Projects
I Unparalleled Experience and Undisputed Leader in Complex and Large-Scale Projects 1 Technical Expertise and Reliability ► +89 years participating in the main engineering works and in the most important sectors of the economy ► During 2020-2022, 92% of projects have been delivered on or before due
Slide 15: Strong Commitment to Sustainability
II Strong Commitment to Sustainability ESG initiatives aligned with international standards ► Included in the S&P/BVL Peru General ESG Index, as one of the 17 Peruvian companies with best ESG performance ► Ranked 17 in the Top 100 companies in Corporate Governance worldwide by Refinitiv. Second best
Slide 16: Backlog and Submitted Proposals Represent a Strong Foundation for Future Revenues
III Backlog and Submitted Proposals Represent a Strong Foundation for Future Revenues Backlog1 (USD MM) Awarded Projects & Pipeline (Hit Rate: 25%) Backlog + Rec. Businesses / Revenues Q4 20222: 6.6x 2.1x 2.0x 2.0x 1.7x 1.6x ~ USD 1,185 MM 2,254 Awarded Projects since 2020 2,019 2,094 1,935 1,783 69
Slide 17: Solid Macroeconomic Fundamentals
IV Solid Macroeconomic Fundamentals Peru, Colombia and Chile demonstrated a positive environment for investors GDP Index (2018=100) Public Debt / GDP vs. Country Risk2 GDP vs. Inflation 120 Median: 1.6 A 8.0 A- Investment Grade Sovereign Credit Rating 115 114 BBB Countries 7.0 Inflation Average 23E
Slide 18: Resilient Cash Flow Generation
V Resilient Cash Flow Generation Assets have proven to be consistent, generating positive results over the years LINE 1 OF THE LIMA METRO (Tren Urbano de Lima S.A.) NORVIAL (Red Vial S.A.) Fully operating 30-year concession w/ 19 years left Fully operating 25-year concession w/ 6 years left ► Solid
Slide 19: Transformation and Growth Strategy
Transformation and Growth Strategy
Slide 20: New Shareholder Structure
New Shareholder Structure New shareholders structure evidences confidence on AENZA Pre IG4 Capital Tender Offer Post IG4 Capital Tender Offer and Conversion of Bonds Shareholders – May 2021 (871,917,855 common shares) Shareholders – 2022 (1,196,979,979 common shares) 13.5% 10.1% Reference shareholde
Slide 21: AENZA Post Acquisition of IG4 Capital
AENZA Post Acquisition of IG4 Capital IG4 Capital entry as a major shareholder in AENZA represents a turning point for the Company Foundation and Early stages Nov-20 Aug-21 Oct-21 Nov-21 Jun-22 Plea agreement: 1933: Company was founded as Granmovel Company changed name to IG4 acquires 33.9% (politic
Slide 22: Last 12 Months – Confidence Recovery in Financial Market
Last 12 Months – Confidence Recovery in Financial Market Obtained milestones shows the confidence in AENZA from the financial market ► USD 90MM Capital Increase through Convertible Bonds, representing 100% of the issuance. Peruvian Equity Increase Pension Funds were the main investors showing the co
Slide 23: Strategic Plan - Short Term Vision (2025)
Strategic Plan - Short Term Vision (2025) Transition from an E&C-centered to a concession-centered business model Concession- centered Transition E&C- centered Strategic Plan Concessions Real Estate - Infrastructure - Energy Structural 1. Adjust capital structure growth Real Estate Infrastructure 2.
Slide 24: Strategic Short-Term Objectives by Business Unit
Strategic Short-Term Objectives by Business Unit Infrastructure Energy Real Estate E&C ► Adjust organization ► Finalize turnaround and restructuring ► Attract capital (debt or equity) ► Accelerate Upstream Services ► Create sub holding of concessions ► Margins recovery ► Rebuild land bank ► Risk man
Slide 25: Remarks
_ AENZA \\ Remarks
Slide 26: Remarks
Remarks I Robust Platform for Stable Cash Flow Generation II Solid Transformation Strategy Already Endorsed by Financial Market III Proven Management & Sponsor Track Record for Turnarounds IV Attractive Geography with Investor-friendly Environment 26
Slide 27: Appendix: Corporate Governance
Appendix Corporate Governance
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: Board Committees
Board Committees Commited to ensure superior results Environmental, Social and Governance Audit and Compliance Committee Talent Committee Finance, Risk and Investment Committee Committee Main functions Main functions Main functions Main functions Approve strategic guidelines, budget and Oversee the
Slide 30: Strong Corporate Governance and Compliance Policy
Strong Corporate Governance and Compliance Policy Committed to Ensure Superior Results 2017 2018 2019 2020 2021 2022 Focus on Governance Focus on Ethics, Values and Focus on Monitoring and Focus on Regulation and Focus on Regulatory Focus on Risks Corporate Compliance Reporting Continuous Improvemen
Slide 31: 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 32: 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 33: 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 34: Appendix: Executive Officers
Appendix Executive Officers
Slide 35: Principal Executives’ Short Bios
Principal Executives’ Short Bios Andre Mastrobuono – Chief Executive Officer ►Engineering degree from the University of Sao Paulo and MBA from Chicago Booth School of Business ►+15 years of experience as CEO in companies such as Urbplan Desenvolvimiento Urbano, Telemig Celular & Amazonia Celular, Sa
Slide 36: Principal Executives’ Short Bios
Principal Executives’ Short Bios Silvana Perez Yalan – Chief Compliance Officer ►Law Degree from Pontificia Universidad Catolica del Peru (PUCP) and a LLM from Cambridge University ►+20 years of experience in Corporate governance, legal and risk and compliance. Prior to joining AENZA, she worked as
Slide 37: Principal Executives’ Short Bios
Principal Executives’ Short Bios Manuel Wu – Vice President UNNA Infraestructura ►Civil Engineering degree from Pontificia Universidad Catolica del Peru (PUCP) and an MBA from Universidad de Piura ►He joined the group in 2001 as chief technical officer for the Oil & Gas, Electricity and Infrastructu
Slide 38: 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 39: Contacts
Contacts Fernando Rodrigo VP of Corporate Finance & Business Dev. fernando.rodrigo@aenza.com.pe Paola Pastor Head of Investor Relations Av. Abel B Du Petit Thouars Nro. 4957 Miraflores. paola.pastor@aenza.com.pe T +511 213 6565 www.aenza.com.pe