Slide 1: Earnings Presentation First Quarter 2022
Earnings Presentation First Quarter 2022 April 2022 1
Slide 2: Agenda
Agenda 1. Introduction 2. 1Q2022 Financial Highlights 3. Commercial Performance 4. Financial Results 2
Slide 3: 1. Introduction
-Ferreycorp Introduction
Slide 4: Introduction: Ferreycorp Profit Ratios
INTRODUCTION y 20.0% 15.0% 10.0% 5.0% 0.0% Mar-20 2.3% Jun-20 Sep-20 Ferreycorp Profit Ratios Dec-20 Mar-21 Jun-21 ROE ROA = ROIC Sep-21 Dic-21 13.3% 9.1% Mar-22
Slide 5: Introduction: GDP and Investment
INTRODUCTION GDP (Var %) 13,3% PUBLIC AND PRIVATE INVESTMENT (Var %) 4,2% 3,4% Private investment 37,6% affected in 2022 by 2020 2021 1Q22 2022(E) business confidence 23,7% -11,0% 4,0% 0,5% 0,0% Mining and Construction GDP evolution (Var %) 2020 2021 1Q22 2022(E) -13,2% 35,0% -16,5% -15,5% Private I
Slide 6: Introduction: Exchange Rates
INTRODUCTION Peru PEN / USD Chile CLP / USD 4,132 4,081 4,057 852,0 852,0 4,036 3,99 3,998 827,4 3,849 3,84 821,2 3,783 3,808 813,5 3,754 3,753 803,6 800,8 3,695 799,2 3,6183,6363,647 788,2 787,2 3,595 780,0 3,534 3,433 760,2 748,7 3,311 734,6 727,8 719,9721,8 722,1 711,1 711,0 dic-19 mar-20 jun-20
Slide 7: Highlights: Dividends Payment and Treasury Shares
HIGHLIGHTS Dividends´ payment • On March 2022, the Shareholders´ Meeting approved a cash dividend of S/225.6 million. • This amount was defined by the upper limit of the dividend policy (60% of free disposal profits) • On October 2021 an advance cash dividend of S/100 million was paid. • The remaini
Slide 8: 2. 1Q2022 Financial Highlights
2. 1Q2022 Financial Highlights 8
Slide 9: Financial Highlights
Gross Margin Adj. 1Q 2022 = 25.5% ; 1Q2021 = 26.3% Operating Margin Adj. 1Q 2022 = 9.4% ; 1Q 2021 = 9.6% Ebitda Margin Adj 1Q 2022 = 13.3% ; 1Q 2021 = 14.1% FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES MARGINS 27,4% 27,1% 27,0% +4% 25,5% +21% +19% 23,5% 1.691 1.758 1.454 1.434 16,7% 17,5% 1.210
Slide 10: Financial Highlights: Net Income 1Q2022
FINANCIAL HIGHLIGHTS Million Soles (S/ mm) NET INCOME 1Q2022 26 2 29 128 128 3 3 53 Positive variations 1Q'21 Δ Share of profit Δ D&A Δ Gain(loss) to Δ EBITDA Δ Financial exp Δ Income tax 1Q'22 of associated FX Negative variations 10
Slide 11: 3. Commercial Performance
3. Commercial Performance 11
Slide 12: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES +4% +98% +11% +40% +17% +40% 182 190 96 313 57 224 282 234 274 41 Q2'21 Q3'21 Q4'21 Q1'21 Q1'22 Q2'21 Q3'21 Q4'21 Q1'21 Q1'22 SPARE PARTS AND SERVICES RENTAL AND USED -3% +12% +4% +23% +10% +2% 859 108 106 11
Slide 13: 4. Financial Results
Ferreycorp 4. Financial Results 13
Slide 14: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT Million Dollars (US$ mm) 252 CASH BALANCE 199 DEBT MATURITY AND PROFILE 120 105 104 100 Current Non- 74 77 41% Current 59 51 59% 45 159 98 March'20 April'20 May'20 June'20 Sept'20 Dec'20 Mar'21 Jun'21 Sep'21 Dic'21 Mar'22 73 61 55 29 4 2022 2023 2024 2025 202
Slide 15: Financial Results
FINANCIAL RESULTS Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE 4% 210 5.890 3 198 193 195 192 5.642 148 50 14 200 6.000 136 165 169 172 2,5 163 163 161 5.000 149 149 2 150 4.000 3.000 1,1 1,5 100 76 67 63 64 62 64 69 0,76 56 60 56 56 2.000 1 51 45 50 1.000 0,5 53 55 52 52 58 55 57 52
Slide 16: Capex
CAPEX Million Dollars (US$ mm) CAPEX – FIXED ASSETS 43 29 4 38 4 2 12 4 25 34 12 10 6 3 22 2 17 1 10 28 8 4 5 20 18 8 11 9 02 -7 -8 -14 -14 -13 -21 2017 2018 2019 2020 2021 2022 Infrastructure Machinery and equipment Rental Fleet Vehicles, furniture and equipment Sale of fixed assets • Investment in
Slide 17: Ferreycorp
-Ferreycorp