Grupo Argos S.a. · BVC:GRUPOARGOS

Grupo Argos — Q1 2024 Earnings Presentation

34 slides from Grupo Argos's earnings presentation, May 2024

  1. Slide 1: Results Presentation First Quarter 2024

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES Results Presentation First Quarter 2024 May 2024 1 Mayo 2024

  2. Slide 2: Disclaimer

    PRESENTACIÓN Resultados DE RESULTADOS Primer Trimestre TRIMESTRALES del 2019 QUARTERLY RESULTS PRESENTATION Disclaimer This presentation contains certain forward-looking representations and information related to GRUPO ARGOS and its subsidiaries based on currently known facts, expectations and forec

  3. Slide 3: The organization closed 2 transformational transactions in the first 4 months of the year

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 The organization closed 2 transformational transactions in the first 4 months of the year Successful closing of the Compliance with the takeover bid for combination of Argos USA with Grupo Nutresa shares (to carry out December Summit

  4. Slide 4: Successful closing of the combination of Argos USA with Summit Materials

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Successful closing of the combination of Argos USA with Summit Materials Combination with Summit Materials 1. Market capitalization +COP 7.0 tn since the announcement 2. Profit of COP 5.3 trillion upon transaction closing (Summit Mat

  5. Slide 5: Framework agreement closed with the IHC and Grupo Gilinski

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Framework agreement closed with the IHC and Grupo Gilinski Portfolio Before Closing the Framework Agreement Current Portfolio Post Liquidation of SP GA Economic GA Economic GA Economic Rights (ex. Rights (ex. Rights (ex. Subsidiaries

  6. Slide 6: Evolution of Grupo Argos's Portfolio after the Grupo Nutresa Share Swap

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Evolution of Grupo Argos’s Portfolio after the Grupo Nutresa Share Swap Investment Portfolio1 Investment Portfolio1 Spotlight on Infrastructure (1Q2023) (April 2024) SP will liquidate and distribute its shares in GS and GA SP; $ 0,6

  7. Slide 7: The market cap of the corporate group's companies has increased by COP 15 tn

    GRUPO ARGOS RESULTS 1Q2024 The market cap of the corporate group’s companies has increased by COP 15 tn over the last 12 months 350% Price per share variation (last 12 months) Px/sh 300% 9/05/2024 7,110 8,420 11.920 16.240 4.205 Px/sh 9/05/2023 2,240 3,050 5.305 8.700 2.700 250% +217% 200% +176% 150

  8. Slide 8: Revenue & EBITDA grow 21% and 90% respectively

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Revenue & EBITDA grow 21% and 90% respectively Inc. Net income Revenue EBITDA Net Income controlling interest Figures in COP tn Figures in COP tn Figures in COP bn Figures in COP bn +32% +21% +90% +14% +13% +1,042% +834% 3.791 6.509

  9. Slide 9: Separated net income reaches COP 2.6 trillion

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Separated net income reaches COP 2.6 trillion Revenue EBITDA Net Income Figures in COP bn Figures in COP bn Figures in COP bn +593% +32% +730% +14% +13% +644% 2.973 2.575 2.937 429 354 346 4T2022 Mar23 4T2023 Mar24 4T2022 4T2023 4T20

  10. Slide 10: Not all assets in our Portfolio are consolidated line by line

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES Not all assets in our Portfolio1 are consolidated line by line in the Consolidated Financial Statements Cement Energy Concessions Real Estate Portfolio 31% of Real Argos Energy Asset Roadway Airport • SP Summit Pactia Estate Grupo Sura COL & CCA Services Manag

  11. Slide 11: Main assets: relevant changes in consolidated financial statements

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES Relevant changes in Grupo Argos' Consolidated Financial Statements from 2023 to 2024 *Only the Green Corridor 2023 2024 concession (Aruba) consolidates line by line Equity method Summit Materials (formerly Argos USA) Consolidation - Restatement of 2023 Financi

  12. Slide 12: Financial Position by Business - Revenue

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Financial Position by Business - Revenue Revenue 1Q 2024 1Q 2023 Variation Non-recurring considerations and impacts COP bn COP bn % $ Grupo Argos Consolidated 4,538 3,765 21% 774 Restated 2023 results excludes line by line consolidat

  13. Slide 13: Financial Position by Business - EBITDA

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Financial Position by Business - EBITDA EBITDA 1Q 2024 1Q 2023 Variation Non-recurring considerations and impacts COP bn COP bn % $ Grupo Argos Consolidated 2,370 1,246 90% 1,124 Restated 2023 results excludes line by line consolidat

  14. Slide 14: Financial Position by Business - Net Income

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Financial Position by Business - Net Income Net Income 1Q 2024 1Q 2023 Variation Non-recurring considerations and impacts COP bn COP bn % $ Grupo Argos Consolidated 6,509 570 1042% 5,939 COP 5.3 tn in income from closing of SUMMIT tr

  15. Slide 15: Operating Results – Grupo Argos Businesses

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES Operating Results – Grupo Argos Businesses Cement Infra Portfolio 15 Mayo 2024

  16. Slide 16: CemArgos: deleveraging and focus on profitability

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 CemArgos: deleveraging and focus on profitability Cement Infra Portfolio EBITDA margin improves by 200 bps • Despite an economic slowdown in several markets, the EBITDA margin for the quarter stood at 22%. Conversion of preferred sto

  17. Slide 17: CemArgos: EBITDA Margin reaches 22%

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 CemArgos: EBIDTA Margin reaches 22% Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn 1Q2024 vs 1Q2023 -6% 1Q2024 vs 1Q2023 +2% 4.000 Cemento RMC 2.000 (YOY) (YOY) 1.800 EBITDA grows +24% (YOY) 3.500 1.402 1.360 measure

  18. Slide 18: Celsia: Reliability for the Colombian electrical system under adverse weather conditions

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Celsia: Reliability for the Colombian electrical system under adverse weather conditions Cement Infra Portfolio Capacity for reliability during the El Niño phenomenon • Financial results for the quarter show a significant drop in EBI

  19. Slide 19: Celsia: Platform EBITDA decreases 20%, adjusted for divestments

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Celsia: Platform EBITDA decreases 20%, adjusted for divestments in Central America Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn 1Q2024 vs 1Q2023 -3%* 1Q2024 vs 1Q2023 -20%* Generación Comercialización (YOY) (YOY) P

  20. Slide 20: Odinsa: good airport traffic dynamics continue

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Odinsa: good airport traffic dynamics continue Cement Infra Portfolio 48 million passengers moved by the airports platform over the last 12 months • Airport traffic continues to grow at double-digit rates, with 20% year-on-year growt

  21. Slide 21: Odinsa: TPD and EBITDA remain stable year-over-year

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Odinsa: TPD and EBITDA remain stable year-over-year Cement Infra Portfolio Quarterly Results IRR (E) -1% +23% +3% +52% 108 107 317 160 165 60 11% 257 40 22% 1Q2023 1Q2024 1Q2023 1Q2024 1Q2023 1Q2024 1Q2023 1Q2024 TPD (miles) Ingresos

  22. Slide 22: Odinsa: airport traffic grows 20% YOY

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Odinsa: airport traffic grows 20% YOY Cement Infra Portfolio Quarterly Results (in USD) IRR (E) +20% +22% +11% +26% 13 74 167 66 29 10 137 23 17% 1Q2023 1Q2024 1Q2023 1Q2024 1Q2023 1Q2024 1Q2023 1Q2024 PAX (mm) Ingresos (USD mm) EBIT

  23. Slide 23: Pactia: EBITDA grows 10% with stable GLA

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Pactia: EBITDA grows 10% with stable GLA Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn GLA 1.400 1Q2024 vs 1Q2023 +10% 1Q2024 vs 1Q2023 +10% (YOY) (YOY) 1.200 121 113 116 67 110 111 1.000 61 59 60 60 812 GLA ('000)

  24. Slide 24: Real Estate Business: Net cash flow reduced by 10%

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Real Estate Business: Net cash flow reduced by 10% as part of the market’s deceleration Cement Infra Portfolio Real Estate Business Cash flow Mar-2024 Mar-2023 Var (%) Revenue 51 62 -18% Net cash flow 23 26 -10% • Ends the quarter wi

  25. Slide 25: Consolidated and separated financial results

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES Consolidated and separated financial results 25 Mayo 2024

  26. Slide 26: Revenues up 21% and EBITDA up 90% year-to-date

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Revenues up 21% and EBITDA up 90% year-to-date Summary P&L Quarterly Results Cumulative Results YTD COP bn Revenue Costs, expenses, and other revenue 1Q - 2024 4,538 2,371 1Q - 2023 3,765 2,717 Var.(%) 21% -13% Mar-24 4,538 2,371 Mar

  27. Slide 27: Grupo Argos sound equity structure supported by a AAA rating

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Grupo Argos sound equity structure supported by a AAA rating Gross Debt Consolidated COP bn Consolidated Net Debt1 COP bn Net financial expenses COP bn 13.129 395 1.194 15.326 1.653 316 11.846 5.436 7.646 222 1.628 5.696 789 167 -23%

  28. Slide 28: Separated net income reaches COP 3.0 trillion

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 1Q2024 Separated net income reaches COP 3.0 trillion Summary P&L COP bn 1Q - 2024 Quarterly Results 1Q - 2023 Var.(%) Mar-24 Cumulative Results YTD Mar-23 Var.(%) COP 3.0 tn Revenue 2,973 429 593% 2,973 429 593% Revenue grows 593% Costs and

  29. Slide 29: COP 33 billion in financial returns covers 50% of financial expenses

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES COP 33 billion in financial returns covers 50% of financial expenses Cash flow Notes COP million COP million 1 Dividendos netos 16,520 1. Div. received: 107,429 Div. Paid: 123,948 (54 k received from cement in Dec. 2023) Ingresos NDU 50,643 2. 120,781 from sal

  30. Slide 30: The cost of Grupo Argos' separate debt stands at 8.7%

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES GRUPO ARGOS RESULTS 4Q2023 The cost of Grupo Argos' separate debt stands at 8.7% Indebtedness1 COP bn Maturity profile (capital) COP bn Cost of debt and half-life Net Debt = 0.789 tn (-34% YOY) 0% 0% 21% 32% 0% 33% 0% 14% 5,5 16,6% 16,3% 5,3 5,2 5,0 15,7% 15,5

  31. Slide 31: S&P maintained Grupo Argos AAA rating

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES S&P maintained Grupo Argos AAA rating AAA AAA 1 1 Stable Stable November 2023 May 2024 ▪ Removal of Observation on Evolution on progress with corporate ▪ Grupo Argos maintains a solid business position after last year's and regulatory approvals for Nutresa tra

  32. Slide 32: Sustainability – Calcined Clay Project in the United States

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES Sustainability – Calcined Clay Project in the United States ✓ We are committed to the industry’s decarbonization through concrete actions Sustainability – Calcined Clay Project Scale • An initiative from Argos North America, now part of Summit Materials, was s

  33. Slide 33: Contact

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES CEO CFO Jorge Mario Velasquez Alejandro Piedrahita Chief Officerfor Corporate and Presidential Affairs IR Director Juan Esteban Mejia Carolina Arango (574) 315 8400 315 8400 jemejia@grupoargos.com carangoz@grupoargos.com wwwˌgrupoargosˌcom 33 Mayo 2024

  34. Slide 34: PRESENTACIÓN DE RESULTADOS TRIMESTRALES Mayo 2024

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES 34 Mayo 2024

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