Sociedad Matriz Saam S.A. · BCS:SMSAAM
Sociedad Matriz Saam — Q1 2016 Earnings Presentation
31 slides from Sociedad Matriz Saam's earnings presentation, May 2016
Slide 1: Presentation of Results for First Quarter 2016
Presentation of Results for First Quarter 2016 May, 2016 www.saam.com 1
Slide 2: Agenda
Agenda 1. SAAM: Worldwide Company 2. Executive Summary 3. Results First Quarter 2016 4. Capex 2016 www.saam.com 2
Slide 3: Agenda
Agenda 1. SAAM; Worldwide Company 2. Executive Summary 3. Results First Quarter 2016 4. Capex 2016 www.saam.com 3
Slide 4: Worldwide Company present in 15 countries
Worldwide Company present in 15 countries Port Towage Logistics Terminals Port Terminals Towage 11 Logistics 188 (1) +173 ha. Terminals Tugboats Warehouses and Support Areas Incorporation of New Tugboats New Intermodal Terminal Internacional Canada, Panama, Brazil, Terminal in Iquique, del SUR (TISU
Slide 5: Ownership structure
Ownership structure Shareholders • New Board of Directors o Felipe Joannon V. Chairman SMSAAM is controlled by Quiñenco o Jean Paul Luksic F. Vice Chairman. o Francisco Gutiérrez Ph. - Other (retail) 21.31% o Óscar Hasbún M. - Quiñenco (Luksic Group) o Francisco Pérez M. - Foreign 5.71% 50.75% o Jor
Slide 6: Agenda
Agenda 1. SAAM; Worldwide Company 2. Executive Summary 3. Results First Quarter 2016 4. Capex 2016 www.saam.com 6
Slide 7: Executive Summary
Executive Summary • Despite the difficult context of the economy, SAAM generated stable positive results in EBITDA and Earnings thanks to its diversification and business portfolio. • Controlling Entity Quiñenco evidenced its commitment to SAAM by increasing its ownership from 42.44% to 50.75% in th
Slide 8: Agenda
Agenda 1. SAAM; Worldwide Company 2. Executive Summary 3. Results First Quarter 2016 4. Capex 2016 www.saam.com 8
Slide 9: Profitability during 2016
Profitability during 2016 YTD 2016 Cumulative Total Return (Gross Dividends 30-12-2015 / 06-05-2016) US$ 130 125 120 115 110 105 CLP US$ 100 SM-SAAM 13.7% 21.4% 95 IPSA 8.8% 16.1% MSCI Latin America --- 19.9% 90 MSCI Latin America S C --- 14.9% 85 Dividend Yield 4.7% 4.6% • Quoted in Santiago Stock
Slide 10: Our strategic Pillars
Our strategic Pillars In a more complex scenario, we focus on: • Imprinting a seal of operational excellence • Strengthening our current businesses • Capitalizing growth opportunities in new businesses and markets www.saam.com 10
Slide 11: Relevant Milestones in First Quarter 2016
Relevant Milestones in First Quarter 2016 Imprint a seal of operational excellence • Progress in implementing Operational Excellence Project (Infrastructure, Maintenance, Operations). • Costs Optimization in Corporate Procurement • Strengthening of labor relations in port terminals. • Reduction in a
Slide 12: Relevant Milestones in First Quarter 2016
Relevant Milestones in First Quarter 2016 Strengthening our current businesses: • Efficiencies in Saam Smit Towage (SST) Brasil, joint operation with Boskalis as from July 2014. • Renewal of long-term towage contract in Altamira, Mexico. • Provision of new service in Terminal Portuario de Guayaquil
Slide 13: Relevant Milestones in First Quarter 2016
Relevant Milestones in First Quarter 2016 Capitalization of growth opportunities in new businesses and markets: • Focus in materializing organic and inorganic growth opportunities. • Incorporation on the new Development Management. • Terminal Internacional del Sur (TISUR), integrated to business por
Slide 14: Results SMSAAM 1Q2015 / 1Q2016 (Consolidated + PV)
Results SMSAAM 1Q2015 / 1Q2016 (Consolidated + PV) REVENUES US$ Millions EBITDA US$ Millions 400,0 140,0 40% 350,0 120,0 35% 30% 300,0 28% 30% 100,0 250,0 -10.2% 25% 192.3 80,0 -3.8% 200,0 172.6 20% 60,0 53.7 51.7 150,0 75.7 15% 76.9 40,0 25.9 29.2 100,0 10% 50,0 116.6 95.7 20,0 5% 27.8 22.5 0,0 0,0
Slide 15: Results SMSAAM 4Q2015 / 1Q2016 (Consolidated + PV)
Results SMSAAM 4Q2015 / 1Q2016 (Consolidated + PV) REVENUES US$ Millions EBITDA US$ Millions 400,0 140,0 40% 350,0 120,0 35% 30% 300,0 30% 100,0 26% 250,0 -4.2% 25% 80,0 200,0 180.3 172,6 +12.0% 20% 60,0 51,7 150,0 83.0 46.2 15% 76.9 100,0 40,0 29.2 10% 30.3 50,0 97.2 95.7 20,0 5% 15.9 22.5 0,0 0,0
Slide 16: EBITDA Evolution (Consolidated + PV)
EBITDA Evolution (Consolidated + PV) EBITDA Evolution (US$ Millions) 120,0 40% 35% 100,0 30% 28% 27% 28% 30% 26% 80,0 25% 60,0 53.7 -7.9% 49.5 +8.1% 53.5 -13.7.% +12% 51.7 20% 46.2 15% 40,0 25.9 26.4 28.5 29.2 30.3 10% 20,0 27.8 23.1 25.0 22.5 5% 15.9 0,0 0% 1T2015 1Q2015 2T2015 2Q2015 3T2015 3Q2015
Slide 17: Towage
TOWAGE www.saam.com
Slide 18: Milestones First Quarter 2016
Milestones First Quarter 2016 • Renewal of towage long-term contract in Altamira, Mexico. • Efficiencies in SAAM SMIT Towage Brasil • Arrival of new tugboats to: o Canada: “Capilano” o Chile: “Yunco” and “Huairavo” o Panama: Tugboat en route to destination • Construction order of new tugboats for: o
Slide 19: Tugboats Results (Consolidated + PV)
Tugboats Results (Consolidated + PV) REVENUES US$ Millions (1Q2015/1Q2016) EBITDA US$ Millions (1Q2015 / 1Q2016) 140,0 70,0 60% 120,0 60,0 50% 100,0 50,0 37% 35% 40% 80,0 71.1 -7.8% 65.6 40,0 -2.2% 30% 60,0 22.4 30,0 25-0 20.2 24.5 20% 40,0 20,0 9.1 9.7 20,0 48.7 45.4 10% 10,0 15.9 14.8 0,0 0,0 0% 1
Slide 20: Port Terminals
PORT TERMINALS www.saam.com
Slide 21: Port Terminals Division
Port Terminals Division Chile Foreign Terminal Puerto Iquique Terminal Antofagasta Terminal Florida International Terminal Marítimo Arica S.A. Internacional S.A. Internacional S.A. Terminal (70% SAAM) Mazatlán, México (15% SAAM) (85% SAAM) (35% SAAM) (100% SAAM) ( Terminal Portuario de Puerto Buenav
Slide 22: Milestones First Quarter 2016
Milestones First Quarter 2016 • Shipping Dock “F” begins operations in Terminal Internacional del Sur (TISUR) • New service at Terminal Portuario de Guayaquil (TPG) with MSC shipping Company • Progress made in extensión of San Antonio Terminal Internacional and San Vicente Terminal Internacional • R
Slide 23: Port Terminals Results (Consolidated + PV)
Port Terminals Results (Consolidated + PV) REVENUES US$ Milliopns (1Q2015 / 1Q2016) EBITDA US$ Millions (1Q2015 / 1Q2016) 120,0 60,0 40% 34% 32% 35% 100,0 50,0 30% 80,0 +2.5% 40,0 63.9 25% 62.3 60,0 30,0 +10.7% 20% 28.8 21.9 38.5 19.8 15% 40,0 20,0 10.8 16.2 10% 20,0 33.5 10,0 25.4 5% 9.0 5.7 0,0 0,
Slide 24: Logistics
LOGISTICS www.saam.com
Slide 25: Milestones First Quarter 2016
Milestones First Quarter 2016 • New Intermodal Terminal in Iquique, 20 thousand square meters’ facility, set up as Customs Primary Zone. • Initiation of Cold Storage facilities’ construction in Puerto Montt, which will double storage capacity. • Progress made in development of Contract Logistics, ne
Slide 26: Logistics Results (Consolidated + PV)
Logistics Results (Consolidated + PV) REVENUES US$ Millions (1Q2015 / 1Q2016) EBITDA US$ Millions (1Q2015 / 1Q2016) 90,0 20,0 18% 80,0 18,0 15% 15% 70,0 16,0 58.9 14,0 60,0 -26.6% 12% 12% 12,0 50,0 43.2 24.6 10,0 8.9 9% -40.0% 40,0 18.2 8,0 30,0 5.4 6% 6,0 6.1 20,0 4,0 34.3 3.3 3% 10,0 25.0 2,0 2.9
Slide 27: Financial Debt and Profitability Indicators
Financial Debt and Profitability Indicators Net Financial Debt US$ Millions Profitability Consolidated Values 414.4 Profitability Consolidated Values mar-16 dic-15 186.4 ROE (1) 9.8% 9.7% 245.1 166.8 ROA (2) 5.7% 5.7% 134.5 51.9 222.0 (1) Net Income last 4 Quarters attributable to Parent Company / A
Slide 28: Agenda
Agenda 1. SAAM; Worldwide Company 2. Executive Summary 3. Results First Quarter 2016 4. Capex 2016 www.saam.com 28
Slide 29: Capex 2016
Capex 2016 2016 Investments Business Division (Consolidated + PV) Major Investments US$ millions •Shipping Dock F - Terminal Internacional del Sur •Dock extension and equipment purchase - Terminal Portuario Guayaquil Port Terminals 85.1 •Dock extension - San Antonio Terminal Internacional •Extension
Slide 30: Investor Relations Contact
Investor Relations Contact Paula Raventós Fernando Lyon Head of Investor Relations Investor Relations Sociedad Matriz SAAM S.A. Sociedad Matriz SAAM S.A. Hendaya 60, 9th Floor, Santiago, Chile Hendaya 60, 9th Floor, Santiago, Chile (56-2) 2731-8240 (56-2) 2731-8215 praventos@saamsa.com flyons@saamsa
Slide 31: Presentation of Results For First Quarter 2016
Presentation of Results For First Quarter 2016 May, 2016 www.saam.com 31