Construcciones El Condor Sa · BVC:ELCONDOR
Construcciones El Condor Sa — Q4 2022 Earnings Presentation
22 slides from Construcciones El Condor Sa's earnings presentation, 2023
Slide 1: Financial Results 4T-2022
Financial Results 4T-2022 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: Contenido
CONTENIDO 1. Relevant facts 4Q22 2. Construction Segment 3. Financial analysis 4. Stock behavior 5. Solvency 6. Backlog 7. Environmental, Social and Corporate Governance 8. Structuring of new projects 9. Post-quarterly closure events 10. Portfolio
Slide 4: 1. Hechos Relevantes 4T22
1. Hechos Relevantes 4T22 Renewal of the Strategic ally with which we share a vision of regional IR Recogizement 2022-2023 growth We continue to contribute to the capital market through the Liquidity line financing working capital implementation of good practices in Colombia for the project Túnel de
Slide 5: 2. Comportamiento del Sector Construcción
2. Comportamiento del Sector Construcción Stabilization of the sector in line with the behavior of economic Main causal variables of economic slowdown that impact the slowdown after the COVID-19 crisis and its subsequent recovery sector: generalized price increases in critical inputs and high intere
Slide 6: 3. Financial analysis: P&L and EBITDA
3. Financial analysis P&L and EBITDA $36.088 $876.741 ($790.243) $94.084 $15.962 Cumulative results for the year show recovery and greater dynamics in line with $142.048 the company's strategy +81.3% $135.752 EBITDA increase vs 4T21 $378.213 +55% Income increase vs 4T21 ($34.109) ($71.196) $128.705
Slide 7: Responsible Engineering 2022
Responsible Engineering 2022 We build country through social impact immersed in our cost of sales: We promote the Regional and National Economy $551.328 MM Revenue to suppliers %37 PYMES* We generate Well-being and Stability +4.300 +1.289 Direct Jobs Indirect jobs (contractors) We drive progress i
Slide 8: 3. Financial analysis: P&L and margins
3. Financial analysis P&L and margins 14.7% 69.9% Total EBITDA EBITDA Margin 12.3% Investment 77.44% increase in spending mainly explained by increase in interest rates EBITDA Margin Construction $128.705 ($71.196) $25.241 Margin $103.464 6.6% Operating Margin ($119.786) $10.817 $57.509 -1.62% -8.0%
Slide 9: 3. Financial analysis: Assets
3. Financial analysis Assets $1.003.257 $24.364 $1.027.621 $2.235.862* $343.073 $3.568 $346.641 $1.208.241 $91.964 $1.670 $93.633 $861.600 $24.294 $767.967 $743.673 *Figures doesn’t include assets associated with joint operations
Slide 10: 3. Financial analysis: Liabilities
3. Financial analysis Liabilities $429.387 $8.072 $437.459 $1.253.050* $88.074 $8.508 $96.582 $815.590 $51.795 $295.301 $719.008 $243.506 $418.625 $5.081 $423.707 *Figures doesn’t include liabilities associated with joint operations
Slide 11: 3. Financial analysis: Equity and shareholding composition
3. Financial analysis Equity and shareholding composition Shareholders: 377 Source: Deceval
Slide 12: 4. Stock behavior
4. Stock behavior +89% Annual share price increase $1.530 $1,330 $810 $1.213 Source: BVC
Slide 13: 5. Solvency
5. Solvency Machinery and Transport Equipment Investment in concessions: $1 Tn 53% 12% Financed through Leasing Associated financial debt: $96.582 MM Associated financial debt: $435.935 MM Total debt $829.343 Bn Increase in financial debt mainly explained by an increase in the exchange rate and grea
Slide 14: 6. Backlog 4T22
6. Backlog 4T22 Estimated Backlog (COP MM) Backlog distribution (COP MM) 4% EPC ́s owned concessions 2.9 Bn 26% 70% Public Civil EPC ́s with Works concessions from third parties Projects in beginning phase Projects in execution phase *No equity Projects in completion Permanent projects contributions
Slide 15: 7. Environmental, Social and Corporate Governance
7. Criterios Ambientales, Sociales y de Gobierno Corporativo 42% Local Labor 41% Women in tactical positions Accident rate: 7,30% $556.715 M in social investment Reuse of 78% of construction 1437 Collaborators trained in and demolition waste human rights 30.919 ton compensated 5 Relationship Plans 5
Slide 16: 8. Structuring of new projects
8. Structuring of new projects We continue working on Backlog generation through private and public initiative projects We are working on 2 projects (IP Cesar Guajira II e IP Nare II) of private initiative, which are in the pre-feasibility stage with the ANI Public work tenders: Calle 13 Bogotá Lo
Slide 17: 9. Post-quarterly closure events
9. Post-quarterly closure events New member in our senior management : Diana Patricia Benjumea Muñoz is the new CFO of the company Constitution of the Company Estudios y Diseños El Cóndor S.A.S Infrastructure activities focused especially on studies, designs and consulting Financial Statements appro
Slide 18: 10. Portfolio
10. Portfolio y, Construcciones EL CONDOR S.A. ) " o0o°o | z www.elcondor.com Pacifico 2
Slide 19: Construction progress levels in the concession
Construction progress 95.4% Dec 2022 Source: Arup Traffic (thousand of vehicles) Traffic and collection reach historic levels in the concession, reaching maximum levels of compliance Projected Real % Achievement Quarter milestones Collection (COP MM) Partial delivery of UF5. A total of 19km were d
Slide 20: Construction progress: traffic and collection all-time highs
Construction progress 87.71% Dec 2022 Source: Arup Traffic (thousand of vehicles) Traffic and collection achieve all- time highs in compliance Quarter milestones Projected Real % Achievement Tranche A prepayment for $59.000 MM Collection (COP MM) Tranche B total disbursement Termination of com
Slide 21: Contact
Contact Luz María Diana Patricia Correa Vargas Benjumea Muñoz CEO CFO luz.correa@elcondor.com diana.benjumea@elcondor.com
Slide 22: Construcciones El Cóndor S.A.
Construcciones EL CONDOR S.A. 00°0 www.elcondor.com
Construcciones El Cóndor — Q4 2022 Earnings Presentation on 6ix