Sociedad Matriz Saam S.A. · BCS:SMSAAM
Sociedad Matriz Saam — Q3 2015 Earnings Presentation
33 slides from Sociedad Matriz Saam's earnings presentation, Nov 10, 2015
Slide 1: Presentation of Results for 3rd Quarter 2015
Presentation of Results for 3rd Quarter 2015 November 10, 2015
Slide 2: Disclaimer
Disclaimer This presentation provides general information about Sociedad Matriz SAAM S.A. (“SMSAAM”) and related companies. It consists of summarized information and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representation or warrantie
Slide 3: Agenda
Agenda Executive Summary Industry Overview Results III Quarter 2015 Guidance
Slide 4: Agenda
Agenda Executive Summary Industry Overview Results III Quarter 2015 Guidance
Slide 5: Leader in Latin America
Leader in Latin America Company providing comprehensive cargo transfers for clients in the export and import business, and to shipping and airline companies, present in the most important American markets Port Terminals Towage Logistics 10 Port Terminals 190 (1) +350 ha. Tugboats Warehouses and Supp
Slide 6: SM SAAM Shareholders as of 31 October, 2015
SM SAAM Shareholders as of 31 October, 2015 Total: 3,475 Shareholders Others (retail) Market Cap (1) MUS$645 19.0% Quiñenco Total Shares (2) 9,736,791,983 Foreign (Luksic Group) 6.9% 42.4% Free Float 45.15% Dividend yield 2013 2.8% Other Institutional Dividend yield 2014 4.4% 10.9% Dividend yield 20
Slide 7: SM SAAM Stock Watch
SM SAAM Stock Watch YTD 2015 Cumulative Total Return (Gross Dividends 02-01-2015 / 06-11-2015) SMSAAM (USD) IPSA (USD) MSCI Latin America (USD) MSCI Latin America Small Cap (USD) 125 120 115 110 105 100 95 90 85 80 75 70 65 MUS$ Trade Market Cap 5 1.000 4 800 MUS$ Trade MUS$ Market Cap 3 600 2 400 1
Slide 8: Agenda
Agenda Executive Summary Industry Overview Results III Quarter 2015 Guidance
Slide 9: Industry Overview
Industry Overview As of September of 2015, total exports and imports experienced a downturn of 13.7% and 14.0%, respectively, in relation to the same period of 2014. CHILE As of September 2015, tons transferred in port terminals increased by 2% with respect to the same period of 2014 (versus 7.4% of
Slide 10: Industry Overview
Industry Overview In the SST Mexico market, the number of ships coming to port increased by 4.8% as of September MEXICO 2015 with respect to the same period of 2014. Reduction of expenses in PEMEX exploration processes. Activity between January and September of 2015 decreased by 7.3% compared to the
Slide 11: Industry Overview
Industry Overview • Reconfiguration of the shipping market : ▪ Generation of stable alliances. ▪ New request for bids to deal with services. ▪ Downward turn of financial results during 2015. • Acquisitions/mergers 2014: CSAV/Hapag-Lloyd and Hamburg Sud/CCNI: ▪ Shipping companies increase negotiation
Slide 12: Agenda
Agenda Executive Summary Industry Overview Results III Quarter 2015 Guidance
Slide 13: Relevant Milestones III Quarter 2015
Relevant Milestones III Quarter 2015 Corporate: • Launching of Shared Services Project’s second phase: Supply • Progress was achieved in reduction of accident rates. Towage: • Veracruz port (Mexico) renewed contract for 10+8 years. • CSAV/Hapag-Lloyd was awarded towage services in Chile and Peru • C
Slide 14: Relevant Milestones III Quarter 2015
Relevant Milestones III Quarter 2015 Port Terminals : • Final agreement of concession renewal Florida International Terminal, USA(FIT) with Broward County, for 10+5+5 years. • Commencement of Terminal Portuario Guayaquil, Ecuador (TPG) extension project. • Arrival of two STS cranes to San Antonio Te
Slide 15: Relevant Milestones III Quarter 2015
Relevant Milestones III Quarter 2015 Logistics : • 'Logística Chile’ ▪ Impact caused by reduction in volumes due to loss of services previously provided to Hapag - Lloyd in Container Depot and Workshop. ▪ Reduced activity in foreign trade affects volumen of services associated to exports and imports
Slide 16: SMSAAM Results III Quarter 2015 (Consolidated + PV)
SMSAAM Results III Quarter 2015 (Consolidated + PV) REVENUES US$ Millions EBITDA US$ Millions 450,0 140,0 28% 30% 400,0 25% 120,0 25% 350,0 100,0 300,0 20% 250,0 80,0 199.8 190.0 15% 200,0 -5% 60,0 49.9 53.5 7% 150,0 77.8 84.3 10% 40,0 21.3 28.5 100,0 20,0 5% 50,0 122.1 105.7 28.6 25.0 0,0 0,0 0% 3Q
Slide 17: SM SAAM Results accumulated at September 2015
SM SAAM Results accumulated at September 2015 (Consolidated + PV) REVENUES US$ Millions EBITDA US$ Millions 900,0 400,0 28% 30% 800,0 350,0 23% 25% 700,0 300,0 573.9 568.3 600,0 20% -1% 250,0 500,0 202.5 239.3 200,0 15% 400,0 156.7 150,0 132.3 300,0 26% 10% 52.5 80.8 200,0 100,0 371.4 329.0 5% 100,0
Slide 18: Distribution of Business Areas III Quarter 2015
Disrtribution of Business Areas III Quarter 2015 (Consolidated+ PV) BY REVENUES 3Q2015 BY EBITDA 3Q2015 MUS$189.9 MUS$53.4 Logistic Logistic 20% 31% Towage 37% Towage Ports 51% 29% Ports 32% BY REVENUES 3Q2014 BY EBITDA 3Q2014 MUS$199.8 MUS$49.9 Logistic 14% Logistic 30% Towage 40% Towage Ports 51%
Slide 19: Distribution of Business Areas accumulated at September 2015
Distribution of Business Areas accumulated at September 2015 (Consolidated + PV) BY REVENUES Sep-15 BY EBITDA Sep-15 MUS$568.2 MUS$156.7 Logistics Logistics 17% Towage 31% 37% Towage Ports 50% 33% Ports 32% BY REVENUES Sep-14 BY EBITDA Sep-14 MUS$573.8 MUS$132.2 Logistics 20% Logistics Towage 34% 36
Slide 20: Port Terminals
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Slide 21: Port Terminals
Port Terminals Foreign FIT TMAZ Florida International Terminal Marítimo Puerto Buenavista Terminal Portuario Terminal, USA Mazatlán, México S.A. Colombia de Guayaquil, PBV Ecuador Chile TPG TPA ITI Terminal Puerto Iquique Terminal Antofagasta ATI Arica S.A. Internacional S.A. Terminal STI Internacio
Slide 22: Port Terminals accumulated at September 2015
Port Terminals accumulated at September 2015 (Consolidated + PV) REVENUES US$ Millions EBITDA US$ Millions 250,0 120,0 40% 35% 200,0 100,0 173.1 182.3 28% 7% 26% 30% 80,0 150,0 25% 83.8 80.6 60,0 51.9 20% 45.5 14% 100,0 15% 40,0 27.8 23.8 10% 50,0 92.5 98.5 20,0 24.1 5% 21.8 0,0 0,0 0% Sep-14 Sep-15
Slide 23: Towage
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Slide 24: Towage
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Slide 25: Towage - Accumulated at September 2015
Towage - Accumulated at September 2015 (Consolidated + PV) REVENUES US$ MillIons EBITDA US$ Millions 300,0 180,0 37% 40% 160,0 35% 250,0 30% 203.8 211.9 140,0 4% 30% 200,0 120,0 40.3 25% 69.5 100,0 150,0 78.9 20% 80,0 60.5 15% 100,0 60,0 31% 30.0 10.6 163.6 10% 142.4 40,0 50,0 20,0 49.8 48.9 5% 0,0
Slide 26: Logistics
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Slide 27: Logistics
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Slide 28: Logistics Results accumulated at September 2015
Logistics Results accumuladted at September 2015 (Consolidated + PV) REVENUES US$ Millions EBITDA US$ Millions 250,0 60,0 20% 18% 197.0 200,0 50,0 174.1 14% 16% 13% -12% 14% 40,0 150,0 81.6 12% 85.9 30,0 26.3 -2% 10% 25.9 100,0 8% 20,0 18.1 6% 115.3 23.0 50,0 88.2 4% 10,0 2% 8.2 0,0 2.9 0,0 0% Sep-1
Slide 29: Indebtedness (Consolidated + PV)
Indebtedness (Consolidated + PV) NET FINANCIAL DEBT (MUS$ September 2015) Profitability Consolidated Values sep-15 sep-14 ROE (1) 8.7% 7.7% 400 ROA (2) 6.0% 5.3% 289 192 Leverage Consolidated values sep-15 sep-14 147 NFD / Equity 0.17 0.17 111 208 45 NFD/ EBITDA (3) 1.38 1.35 142 66 (1) Net Income l
Slide 30: Agenda
Agenda Executive Summary Industry Overview Results III Quarter 2015 Guidance
Slide 31: Guidance
Guidance Within a context of lower dynamism in several Latin American economies: • Benefit from economies of scale through centralized global purchases. • Improve support processes and efficiency gains through Shared Services Center. • Seek access to new markets in the three business areas. • Streng
Slide 32: Contact
Contact Paula Raventós Fernando Lyon Head of Investor Relations Investor Relations Sociedad Matriz SAAM S.A. Sociedad Matriz SAAM S.A. Hendaya 60, 9th Floor, Santiago, Chile Hendaya 60, 9th Floor, Santiago, Chile (56-2) 2731-8240 (56-2) 2731-8215 praventos@saamsa.com flyons@saamsa.com www.smsaam.com
Slide 33: Presentation of Results for 3rd Quarter 2015
Presentation of Results for 3rd Quarter 2015 November 10, 2015