Construcciones El Condor Sa · BVC:ELCONDOR

Construcciones El Condor Sa — Q1 2023 Earnings Presentation

15 slides from Construcciones El Condor Sa's earnings presentation, October 2023

  1. Slide 1: Financial Results 1T-2023

    —_ Financial Results 1T-2023

  2. Slide 2: Disclaimer

    Disclaimer This document contains statements of the future abouy intentions, expectations or forecasts of Construcciones El Condor S.A. at the date of its completion, which refer to various aspects associated with the results of the company and others related to the activity and situation of the sam

  3. Slide 3: Agenda

    AGENDA 1. Relevant facts 1T-2023 2. Construction Segment 3. Financial Analysis 1. PyL – EBITDA - Margin 2. Assets – Concessions 3. Liabilities – Solvency 4. Equity and Stock behavior 4. Backlog and new projects 5. Environmental, social and corporate governance

  4. Slide 4: 1. Relevant Facts 1T23

    1. Revelant Facts 1T23 SEGREGATION: CHANGE ON DIRECTION TEAM: - Optimize funding sources - New concesión platform for new projects - BOARD OF DIRECTORS - Ease in financial analysis from the accounting point of - New Independent members: view - Maria Cristina Albarracin - Riccardo Nicoletti - New Pat

  5. Slide 5: 2. Construction Segment

    2. Construction Segment 30.00% 20.00% 10.00% 3% Main causal variables of 0.00% I II III IV I II III IV I II III IV I -10.00% 2020p 2021 p 2022 pr 2023 pr -6% economic slowdown that -15% impact the sector: generalized -20.00% price increases in critical inputs and high interest rates -30.00% -40.00%

  6. Slide 6: P&L and EBITDA

    3. Financial Analysis 1T23 P&L and EBITDA $255,000 $8,824 $219,527 ($210,539) $63,320 $2,142 $(1,761) $205,000 $155,000 $30,259 $99,879 $105,000 +36% Increase in revenues vs 1T22 $55,000 $11,700 $12,143 ($12,295) $12,651 $9,581 $5,165 ($8,479) $5,000 $356 $3,070 ASJ P3 Mag2 RAM INVIAS (Toyo + SANTAN

  7. Slide 7: P&L and EBITDA

    3. Financial Analysis 1T23 P&L and EBITDA +147.39% 5,8% Increase in financial cost do to raise in interest rates vs 1T2022. Total EBITDA Margin 1,5% 0,2% Construction $9,581 $12,651 ($12,295) ($49,466) Operative $12,320 EBITDA margin Margin -14,4% -8,7% $3,070 Margen Neto Adj. $356 Margen Neto Incre

  8. Slide 8: Assets

    3. Financial Analysis 1T23 Assets $2,246,023* $1,027,621 $(3,323) $1,0240298 $346,641 $(7,067) $339,573 $1,221,724 $93,633 $(2,067) $91,567 $882,151 $767,967 $22,618 $790,584 CONSTRUCCIONES EL CÓNDOR S.A. *Figures doesn’t include assets associated with joint operations

  9. Slide 9: Investments

    3. Financial Analysis 1T23 - Investments Construction Progress Construction Progress: 96.6% 91.2% Mar 2023 Mar 2023 Source: Arup Source: Arup Traffic (thousand of vehicles) Traffic (thousand of vehicles) 1,400 120% 139% 97% 800 150% 1,200 91% 100% 103% 103% 1,000 75% 600 80% 100% 800 400 60% 50% 600

  10. Slide 10: Liabilities

    3. Financial Analysis 1T23 Liabilities $1,400,000 $437,459 $434,133 $1,285,669* $1,200,000 $(3,326) $1,000,000 $96,582 $5,318 $101,900 $851,536 $800,000 $295,301 $276,928 $749,635 $(18,373) $600,000 $48,370 $472,707 $424,338 $400,000 $200,000 $0 Liabilities 4Q22 Variation Liabilities 1Q23 Wk Debt 4Q

  11. Slide 11: Solvency

    3. Financial Analysis 1T23 - Solvency Liabilities Investment in Concessions: ~$1.2 Bn Machinery and Transport Equipment Associated financial Debt: Financed through Leasing $434,133 MM 13% Associated financial debt: $101,900 MM 53% Total Debt $812,961 MM Working Capital 34% Associated financial debt:

  12. Slide 12: Equity and Stock behavior

    3. Financial Analysis 1T23 Equity and Stock behavior El Cóndor Stock vs. COLCAP Natural Person, 4.3% $1,800 $1,600 Legal Entities, $1,400 15.7% $1,200 $1,000 $1.118 $800 $600 $400 $200 Equity Partners, $- 80.0% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 ELCONDOR MSCI COLCAP Share

  13. Slide 13: 4. Backlog and new projects

    4. Backlog and new projects Projected Backlog (COP MM) 3% EPC Owned Concessions 28% 1,380,545 Public civil 1,184,095 Works 2.7 Bn 178,732 80,399 70% EPC with concessions from 2023 2024 2025 2026 third parties Starting projects Projects in excecution 4G Projects Mining *Not equity contribution requir

  14. Slide 14: 5. Environmental, social and corporate governance

    5. Environmental, social and corporate governance 41% Local labor 42% of women in leadership position Accident rate: 2% 46% of total emissions compensated Reuse of 46% of construction and demolition waste 7.82% voluntary rotation CONSTRUCCIONES EL CÓNDOR S.A.

  15. Slide 15: EL CONDOR ie A.

    EL CONDOR ie A. & ue

Construcciones El Cóndor — Q1 2023 Earnings Presentation on 6ix