Sociedad Matriz Saam S.a. · BCS:SMSAAM
Sociedad Matriz Saam — Investor Presentation (August 2023)
37 slides from Sociedad Matriz Saam's investor presentation, August 2023
Slide 1: Investor Meeting
Investor Meeting August 2023
Slide 2: Disclaimer
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Disclaimer This presentation provides general information about Sociedad Matriz SAAM S.A. (“SMSAAM”) and related companies. It consists of summarized information and does not purpo
Slide 3: Agenda
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Agenda Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights 3
Slide 4: Progress in 1H23
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Progress in 1H23 Milestones include: • Confirmation by Feller Rate and Humphreys of AA rating with stable outlook. • Signing of agreement to acquire air cargo logistics company in
Slide 5: 1H23 Results
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights 1H23 Results 5
Slide 6: Evolution of Pro Forma Revenue and EBITDA 1H23
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Evolution of Pro Forma Revenue and EBITDA 1H23 PRO FORMA REVENUE (MMUS$) PRO FORMA EBITDA (MMUS$) -2% +10% 139 136 449 6 410 20 60 72 0% 54 +11% 170 58 68 69 231 157 207 7 1 30 33
Slide 7: Towage
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights QUARTERLY EVOLUTION YTD VALUES Towage MANEUVERS (TH) Sustained growth in activity, +13% +15% revenue and EBITDA 65 74 33 33 34 36 37 37 • Increased market activity and new 1Q22 2Q2
Slide 8: Port Terminals
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights EQUITY-METHOD REVENUE(1) CONSOLIDATED REVENUE(2) Port Terminals +2% Reduced activity at associate +8% 186 190 terminals +7% +11% 157 170 93 100 81 89 2Q22 2Q23 1H22 1H23 2Q22 2Q23
Slide 9: Other Businesses
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Other Businesses CONTAINERS AT BONDED WAREHOUSES YTD VALUES Logística Chile: -44% • Lower volumes handled by bonded 32 warehouses in Chile as a result of the -37% 18 economic slowd
Slide 10: Agenda
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Agenda Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights 10
Slide 11: Transaction: Sale of SAAM Ports, SAAM Logistics and real estate assets
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Transaction: Sale of SAAM Ports, SAAM Logistics and the real estate assets used for inland logistics in Chile Assets included: Country SAAM's Stake End of Concession SAAM Ports Chi
Slide 12: Total consideration of ~MMUS$ 995 and estimated gain of ~MMUS$ 420
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Total consideration of ~MMUS$ 995 and estimated gain of ~MMUS$ 420 ~995 ~420 Agreed price Gain1 (1) Includes shares of SAAM Ports SA, shares of SAAM Logistics SA and the real estat
Slide 13: Continuing Operations
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Continuing Operations Shareholder Compensation SM SAAM will be able to compensate its shareholders, strengthen its capital structure, have funds Appropriate Capital Structure to ac
Slide 14: Financial Indicators for Continuing Operations
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Continuing Operationsfor Continuing Operations Financial Indicators NET FINANCIAL DEBT (MMUS$) EBITDA (MMUS$) 772 157 642 151 147 130 Financial Liabilities Cash Net Financial Liabi
Slide 15: Agenda
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Agenda Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights 15
Slide 16: SAAM will begin a new phase focusing on two attractive business areas
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights SAAM will begin a new phase focusing on two attractive business areas with growth opportunities GROWTH AEROSAN SAAM Towage 16
Slide 17: With an experienced team and leadership to keep growing
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Operaciones With an experienced team and leadership to keep growing Continuadas Macario Valdés R. Chief Executive Officer José Tomás José Luis Rafael Ferrada Rodrigo Junqueras Hern
Slide 18: SAAM Towage: Solid basis for future development
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Continuing SAAM Operations Towage: Solid basis for future development BUSINESS LINES HARBOUR TOWAGE PRESENCE • Berthing and deberthing of 13 +90 • vessels at ports. Revenue depends
Slide 19: Infrastructure business backed by long-term, high-quality assets
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Infrastructure business backed by long-term, high- quality assets that provide an essential service for the development of the logistics chain. Diversified in terms of industries,
Slide 20: Revenue predominantly in US dollars. Profitable business with low volatility
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights REVENUE (THUS$) 428 2.3x 390 340 277 189 207 Profitable business with low 2018 2019 2020 2021 2022 LTM(1) volatility in volumes and results. EBITDA TOWAGE (THUS$) Revenue predomina
Slide 21: Leadership in the Americas: more than 60 years of experience
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Leadership in the Americas: we have more than 60 years of experience operating world-class tugs and are leaders in the Americas Ports Towage BRAZIL 19 68 CANADA 9 26 MEXICO 7 25 CH
Slide 22: Proven experience and organic and inorganic growth capacity
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Proven experience and organic and inorganic growth capacity Acquired 70% of Acquired Starnav Intertug fleet Acquired SMIT Bosaklis’s stake in JV 211 +19 +13 +30 148 -4 +5 98 Acquis
Slide 23: Main competitive advantages
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Main SAAM's development competitive strategy is basedadvantages on an attractive business model Strong competitive Access to position and global track record of customers acquisiti
Slide 24: Initiatives focused on the main drivers of the towage industry
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights ... in initiatives focused on the main drivers of the towage industry… Consolidation Digitalization Diversification Energy transition 24
Slide 25: Action plans that will strengthen SAAM's leadership in the industry
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights ... with action plans that will strengthen SAAM's leadership in the industry. Growth Diversification Operational Innovation & People Integrated excellence sustainability processes
Slide 26: We aspire to grow to become a Tier 1 player
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights We aspire to grow to become a Tier 1 player… Harbour Towage 10 Terminal Services 26
Slide 27: Diversified growth in markets, industries and operating formats
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights ...through diversified growth in markets, industries and operating formats… Increasing capacity of current operations or Organic growth in Harbour making efficiency improvements to
Slide 28: Robust model of operational excellence
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Continuing ... Operations with a robust model of operational excellence… Centralized fleet control enables the company to meet business requirements with adequate investment Implem
Slide 29: Leadership in innovation in the industry
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Continuing Operations ... with leadership in innovation in the industry… R&D in propulsion technologies consistent with a comprehensive and cost-effective environmental strategy Co
Slide 30: Maintaining a commitment to sustainability in our operations
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights ... and maintaining a commitment to sustainability in our operations. 2016 2021 2022 2023 Uninterrupted presence Build to Grow Adoption of UN Global Redefinition of ESG on DJSI Chi
Slide 31: With more than 40 years of experience, Aerosan provides airport logistics
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights CARGO SERVICES Capturar crecimiento • Management of general and perishable cargo, security checks, handling of fresh products in coldTercera storage.ola: 2026-2027 Profundizar capt
Slide 32: Aerosan: consolidated operations allow regional leadership to advance
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Operaciones Aerosan: consolidated operations allow regional leadership to advance Continuadas Colombia • El Dorado, Bogotá • Gustavo Rojas Pinilla, San Andrés PRESENCE • Rafael Núñ
Slide 33: Aerosan: Diversified business with a strong post-pandemic boost
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Aerosan: Diversified business with a strong post-pandemic boost REVENUE PER SERVICE 2022 (MMUS$) Aviation services AEROSAN REVENUE (MMUS$) ~20% 71 68 ~80% 1,3x Cargo services REVEN
Slide 34: Opportunities to expand operations to other markets in the Americas
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Opportunities to expand operations to other markets in the Americas Inorganic growth Strengthening processes, teams, and operational excellence model Colombia Safety and sustainabi
Slide 35: Agenda
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Agenda Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights 35
Slide 36: Continuing Operations
1H23 Results Progress and Results 1H23 Closing of Transaction with Hapag-Lloyd The Future of SAAM Investment Highlights Continuing Operations Proven growth model: Leader in the Americas and third worldwide Diversified portfolio, by industry and geographically (+80% of EBITDA is from outside Chile) I
Slide 37: ma@fisoam
ma@fisoam
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