Construcciones El Condor Sa · BVC:ELCONDOR
Construcciones El Condor Sa — Q3 2022 Earnings Presentation
21 slides from Construcciones El Condor Sa's earnings presentation, 2022
Slide 1: Financial Results 3Q22
Financial Results 3Q22 Construcciones EL CONDOR S.A. Ingenieria de Infraestructura e Inversiones 75 ooo Wwww.elcondor.com: Ruta Al Mar Pacifico 2
Slide 2: Disclaimer
Disclaimer This document contains statements of the future about intentions, expectations or forecasts of Construcciones El Cóndor 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
Slide 3: Agenda
AGENDA 1. Relevant facts 3Q22 2. Construction Segment 3. Financial analysis 4. Backlog 5. Portfolio 6. Environmental, Social and Corporate Governance 7. Shareholder composition and floating evolution 8. Stock behavior 9. Structuring of new projects 10. Post-quarterly closure events
Slide 4: 1. Relevant Facts 3Q22
1. Relevant Facts 3Q22 Vinus: $1.34 Tn $75.031 Bn Refinancing contract Construcciones El Cóndor to July 2030 Results recognition according to IFRIC 12: Given that in the current stage of the concessions the financial expenses added to the amortization of the investment made exceed the accounting i
Slide 5: 2. Construction Segment
2. Construction Segment Construction segment with recovery tailwinds during 2022: Price index of critical inputs evolution: Construction GDP and Civil Works vs GDP GDP in constant prices and seasonally adjusted series -8% Apr 22 – Sep 22 +27% Steel Sep 21-Apr 22 Cement Steel Asphalt Concrete pavemen
Slide 6: 3. Financial analysis: P&L and EBITDA
3. Financial analysis P&L and EBITDA $28.209 $638.419 ($564.338) $14.104 $85.241 The company exceeded 2021 income and EBITDA: $82.314 $566.393 MM Total income 4Q21 $105.582 $70.977 MM EBITDA 4Q21 $261.545 $46,371 $102.140 $21.190 ($25.293) $80.950 $47.900 $6.981 $55.769 $13.524 *Cumulative figures a
Slide 7: 3. Financial analysis: P&L and margins
3. Financial analysis P&L and margins 16% EBITDA margin 3.5% higher 75.12% Total EBITDA than the accumulated of 2021 $56.667 MM EBITDA Margin 13.27% Investment Interest expense 3Q22 56.71% increase vs. 3Q21 EBITDA Margin Construction Margin $21.190 $102.140 ($46.371) 8.74% $80.950 Operating Margin $
Slide 8: 3. Financial analysis: Assets
3. Financial analysis Assets Decrease in investments explained by: Cashout of Vinus ~($75.000 Bn) Sale of Llanos ~($24.000 Bn) Changes in equity method ~($8.000 Bn) $1.110.362 ($107.105) $1.003.257 $2.406.379* $337.382 $5.690 $343.073 $1.171.121 $736.085 $79.220 $12.743 $91.964 $828.048 $711.4
Slide 9: 3. Financial analysis: Liabilities
3. Financial analysis Liabilities Changes in liabilities mainly explained by : $420.439 $429.387 $1.179.593* Increase accounts payable to suppliers ($8.948)1 Payment of working capital credits with resources from the Cashout of Vinus Payment of leasing obligations 1Increase in the credit wit
Slide 10: 3. Financial analysis: Solvency
3. Financial analysis Solvency Machinery and Transport Equipment 12% Financed through Leasing Associated financial debt: $88.074 Bn Investment in concessions: $1 Tn Associated financial debt: $429.387 MM 61% Total debt $760.967 Bn 27% Working capital Financed by local Banks Associated financial debt
Slide 11: 4. Backlog 3Q22
4. Backlog 3Q22 Backlog distribution (COP MM) Backlog evolution (COP Tn) Public civil works 27% EPC ́s owned concessions 8% $3 Bn* EPC ́s with concessions from third parties 65% No equity contributions required *Adjusted backlog does not include projections from Agregados San Javier or Cóndor USA *N
Slide 12: 5. Portfolio
5. Portfolio y, Construcciones EL CONDOR S.A. ) " o0o°o | z www.elcondor.com Pacifico 2
Slide 13: Construction progress: 94.7% Sept 2022
Construction progress: 94.7% Sept 2022 Source: Arup Traffic 2022 (thousand of vehicles) Traffic evolution 2022 (thousand of vehicles) 1Q22 2Q22 3Q22 Projected Real % Achievement Projected Real % Achievement * Cumulative figures as of 3Q22 FU5: Voting of funders: In the process of verification 27,5
Slide 14: Construction progress: 85.6% Sept 2022
Construction progress: 85.6% Sept 2022 Source: Arup Traffic 2022 (thousand of vehicles) Traffic evolution 2022 (thousand of vehicles) 1Q22 2Q22 3Q22 Projected Real % Achievement Projected Real % Achievement * Cumulative figures as of 3Q22 Remuneration: 84,13% 3Q22 collection increased 13% Vs. 3Q
Slide 15: 6. Environmental, Social, and Governance
6. Environmental, Social, and Governance ESG 39% of women in leadership 43% Local labor positions 400 Millions of social 40 thousand tons of CO2 investment emitted 25.367 ton CO2 EQ offset from ACPM
Slide 16: 7. Shareholder Composition and Floating Evolution
7. Shareholder Composition and Floating Evolution Shareholders: 468 Source: Deceval (Securities Administrator of the Colombian Stock Exchange Market)
Slide 17: 8. Stock behavior
8. Stock behavior +86% El Condor stock price exceeds pre-pandemic levels 2Q22 vs. 3Q22 Increase in stock price $1.200 $1,260 $940 $919 Source: BVC
Slide 18: 9. Structuring of new projects
9. Structuring of new projects We continue working on Backlog generation through private and public initiative projects: We are working on 2 projects of private initiative, which are in the pre-feasibility stage with the ANI Public work tenders: Circuit Huila Obando-Isnos ; Isnos – Bordones – La l
Slide 19: 10. Post-quarterly closure events
10. Post-quarterly closure events We continue to contribute to the capital market through the implementation of good practices in Colombia Renewal of the IR Recogizement 2022-2023 “Only those companies that demonstrate their commitment to connecting and transforming the market through their disclosu
Slide 20: Contacts
Contacts Luz María Alejandro Correa Correa Vargas Restrepo CEO Concessions Manager luz.correa@elcondor.com alejandro.correa@elcondor.com
Slide 21: Construcciones El Cóndor S.A.
Construcciones EL CONDOR S.A. 00°0 www.elcondor.com
Construcciones El Cóndor — Q3 2022 Earnings Presentation on 6ix