Slide 1: Investor´s Presentation - 2Q24
Investor´s Presentation - 2Q24
Slide 2: 102 years creating development
102 years creating development
Slide 3: Vision & Mission
Vision & Mission VISION MISSION To be recognized as a leading economic group in We operate, through our subsidiaries with a focus Peru, with a presence in the Latin American and high degree of specialization, businesses that region and an excellent provider of capital goods, distribute capital goods
Slide 4: Operational Model of the Company
Operational Model of the Company - Business Vision - Strategic Planning and Definition of Engaged Parent Strategic Businesses Coherence - Positioning and Brands Company - Financial Resources - Control and Supervision - Customer Proximity and Market Coverage - Business Execution with Operational Oper
Slide 5: Organizational Structure
Organizational Structure Parent Company Caterpillar Dealears and Allied Caterpillar Dealers and Allied Complementary Businesses in Brands in Peru Brands in Central America Peru and Abroad Operational Companies
Slide 6: Distribution of results by business group – 2Q2024
Distribution of results by business group – 2Q2024 Caterpillar Dealers and Complementary Caterpillar Dealers and Allied Brands in Central Businesses in Peru and Total Allied Brands in Peru America abroad S/ millions Sales 1,567 152 153 1,872 % of Total Sales 83.7% 8.1% 8.2% 100% EBITDA 266 19 20 305
Slide 7: Partnership with global brands
Partnership with global brands
Slide 8: Ferreycorp’s Strategy
Ferreycorp’s Strategy BUSINESS PILARS It seeks to add efficiencies in the business model, the organization, Optimize the use of assets, the composition of the portfolio of products and Business services. Ensure business sustainability; expand your value offer; and provide Protect and comprehensive s
Slide 9: Evolution of Total Sales
Evolution of Total Sales Sales by Business Groups (S/ millions) CAGR: 8% 6,995 6,593 614 6,206 5,858 814 757 947 5,211 941 677 4,483 4,857 572 836 436 785 877 424 461 436 3,701 3,203 298 325 5,624 388 5,102 308 4,481 4,688 3,598 3,952 3,544 3,078 2,507 2017 2018 2019 2020 2021 2022 2023 1S23 1S24
Slide 10: Sales by Business Line – 2Q2024
Sales by Business Line – 2Q2024 2Q2024 6.3% 6.2% Business Line 2020 2021 2022 2023 2Q2023 2Q2024 Spare Parts & Services 46.2% 49.7% 51.4% 54.6% 55.7% 57.4% Prime product 38.1% 34.0% 32.3% 32.6% 31.1% 30.1% 30.1% 57.4% Rental & Used 7.2% 6.9% 7.0% 6.1% 5.9% 6.2% Others 8.6% 9.3% 9.3% 6.7% 7.3% 6.3% S
Slide 11: Sales by Economic Sector – 2Q2024
Sales by Economic Sector – 2Q2024 2Q2024 4.7% 0.6% 0.6% 1.7% Sector 2021 2022 2023 2Q2023 2Q2024 2.3% 3.2% Mining 54.9% 56.0% 56.7% 57.9% 55.5% Construction 17.8% 19.4% 19.6% 20.6% 24.0% 7.3% Industry, Commerce and 12.8% 13.1% 9.9% 11.8% 7.3% Services Agriculture and 2.6% 2.9% 2.6% 2.5% 3.2% 55.5% F
Slide 12: Main Clients – Open Pit and Underground Mining
Main Clients – Open Pit and Underground Mining Large Open Pit Mining Medium-Size and Underground Mining LINCUNA ATACOCHA EL PORVENIR CONTONGA CARAHUACRA CHUNGAR Cajamarca Yanacocha SAN CRISTOBAL ISCAYCRUZ Huaraz ANDAYCHAGUA Cerro de Antamina BROCAL Pasco Toromocho RAURA MOROCOCHA AMERICANA Junín Las
Slide 13: Caterpillar open-pit mining trucks and shovels population over the years as of June 2024
Caterpillar open-pit mining trucks and shovels population over the years as of June 2024 Sales of Caterpillar mining trucks and shovels – As of 1S24 (# of units) Mining Investment Units US$ Bn $12 762 773 775 800 746 725 702 660 700 $10 642 619 592 600 543 $8 517 500 453 404 $6 366 400 323 281 300 $
Slide 14: Sales evolution in Open pit mining
Sales evolution in Open pit mining Open Pit Mining Sales as of June 2024 (USD millions) 900 800 95 700 139 600 150 161 87 500 343 119 143 179 160 47 314 400 136 697 300 572 500 528 490 200 407 401 416 361 354 325 325 268 100 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1S24 Spare Pa
Slide 15: Resilient Business Model
Resilient Business Model Sales by Business Line (USD millions) 1,931 1,865 1,755 1,719 1,673 1,755 1,717 1,585 1,582 • Spare Parts & Services 1,439 1,434 1,389 1,389 support the business. 982 853 • Diversification strategy through business lines, presence in diferent 2011 2012 2013 2014 2015 2016 20
Slide 16: Pipeline of mining projects
Pipeline of mining projects NEW MINES AND EXPANSIONS - MAIN PROJECTS (USD millions)¹ Exp. Tía María – SPCC (1 400) Toromocho Phase II (300) Zafranal – Teck (1 260) San Gabriel – Amp Cuajone – SPCC (700) Buenaventura (470) Pampa de Pongo – ZXG2 (900) Yanacocha Sulfuros – Newmont (2 500) Corani – Bear
Slide 17: Strong Financial Results
Strong Financial Results Adj. Gross margin 2Q23 = 26.5% / 2Q24 = 27.2% Adj. EBITDA margin 2Q23 = 14.4% / 2Q24 = 15.2% (S/ millions) Adj. Operating margin 2Q23 = 10.5% / 2Q24 = 11.7% Sales Margins -9% +3% +14% 27.5% 26.2% 26.7% 25.5% 2,003 24.5% 1,786 1,829 1,872 1,646 15.0% 15.4% 13.6% 13.6% 12.4% 1
Slide 18: Net Profit impacted by FX Gain/Loss
Net Profit impacted by FX Gain/Loss Net Profit, Margin and FX Effect (S/ millions) 6.2% 6.4% 6.2% 6.1% 570 5.5% 4.3% 4.2% 5.0% 3.0% 470 433 419 376 370 267 245 270 225 226 Net Profit FX Gain/Loss 170 144 Net Margin 70 29 25 -1 34 -30 -59 -55 -15.0% 2017 2018 2019 2020 -106 2021 2022 2023 1S24 -125 2
Slide 19: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT Cash Balance Debt Maturity and Profile (USD millions) (USD millions) 103 205 Long term 86 189 33% 80 Short term 74 67% 59 63 62 59 54 55 53 50 53 49 42 73 33 6 9 Dec'20 Mar'21 Jun'21 Sept'21 Dic'21 Mar'22 Jun'22 Sept'22 Dic'22 Mar'23 Jun'23 Sep'23 Dic'23 Mar'
Slide 20: Financial expense & Average debt expenditure
Financial expense & Average debt expenditure Financial expense (S/ millions) Average debt expenditure 140 125 3.80% 5.14% 120 3.30% 4.66% 100 95 95 2.60% 85 4.12% 4.19% 73 78 2.80% 80 72 3.67% 3.67% 1.96% 52 2.30% 3.43% 3.53% 60 1.80% 44 3.13% 1.62% 34 1.80% 40 1.40% 2.77% 1.20% 1.18% 1.10% 1.30% 20
Slide 21: Assets & Cash Conversion Cycle
Assets & Cash Conversion Cycle Account Receivables (S/ millions) +3% 1,382 1,330 37 1,190 1,223 1,036 1,055 38 36 36 Cash Conversion Cycle 61 40 1,292 1,345 1,187 1,015 1,154 210 975 203 198 198 193 176 169 200 170 163 163 161 165 193 158 160 187 180 189 153 155 157 158 154 151 2020 2021 2022 2023 A
Slide 22: CAPEX
CAPEX USD millions 95 32 3 39 1 43 2 62 50 26* Investment 0 1 49 34 12 13 36 7 7 36 8 53 20 37 9 15 11 10 8 -14 -14 -20 -28 -38 -65 Disinvestment 2019 2020 2021 2022 2023 1S24 • Investment in intangible assets reached US$ 0.9 million dollars as of June 2024 * Disclaimer: Capital Expenditures on Infr
Slide 23: Sustainable Programm at Ferreycorp
Sustainable Programm at Ferreycorp
Slide 24: Ferreycorp's Sustainable Management seeks to positively impact its stakeholders
Ferreycorp's Sustainable Management seeks to positively impact its stakeholders and is aligned with the United Nations Sustainable Development Goals • Ferreycorp Association • Respect for Shareholders' Rights • Ferreyros Heavy Equipment Operators Club • Transparent and Timely Presentation of • Works
Slide 25: Results of Ferreycorp's commitment to the Dow Jones Sustainability Index ESG criteria
Results of Ferreycorp's commitment to the Dow Jones Sustainability Index ESG criteria
Slide 26: Ferreycorp
Ferreycorp CAT UNIMAQ Cat Cat) Car car, SOLTRAK ¥ TREX ¥ MOTORED fonsis © FARG® @viona