Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q3 2013 Earnings Presentation
31 slides from Grupo Argos's earnings presentation, 2013
Slide 1: Grupo Argos
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Slide 2: Disclaimer
DISCLAIMER This document contains forward-looking statements relating to GRUPO ARGOS and its subsidiaries based upon management projections. These projections reflect GRUPO ARGOS’ opinion on future events that may be subject to a number of risks, uncertainties and assumptions. Various factors may ca
Slide 3: Sustainability Commitment
Sustainability Commitment Grupo Argos is now Grupo Argos was Grupo Argos was included in both, the selected as one of the selected to be the global index and the companies with greater chairman of the emerging markets adherence to the Global Companies Circle. index. Compact principles. We continue o
Slide 4: Consolidated Results
Consolidated Results 3Q Jan. - Sep. Thousand million COP$ 2013 2012 Var. (%) 2013 2012 Var. (%) Revenues 1.981 1.739 14 5.645 4.979 13 Costs & SG&A 1.615 1.422 14 4.561 4.072 12 Operating Profit 366 317 15 1.084 907 20 EBITDA 498 443 12 1.479 1.292 14 EBITDA Margin (%) 25,1 25,5 26,2 26,0 Million US
Slide 5: Consolidated Results - Revenues
Consolidated Results- Revenues 4 5.645 262 26 36 7 -2 - 47 382 4.979 Revenues Cement Energy Coal Ports Real Estate Corporative Divestment Dividends Revenues September 2012 September 2013 5
Slide 6: Consolidated Results - EBITDA
Consolidated Results - Ebitda 18 82 8 1.479 -8 - 17 7 - 143 - 47 1.292 EBITDA Cement Energy Coal Ports Real Estate Corporative Divestment Dividends EBITDA September September 2012 2013 6
Slide 7: Consolidated Results - Net Income
Consolidated Results – Net Income Comparable net income 410 15% 33 225 Net Income 195 192 - - 168 - 47 410 Net Income Argos Grupo Argos Recurring Net Net Income Exchage Net income with September 2012 Extraordinary Extraordinary Income 2012 2013 Difference Exchange effect profit profit Effect 14 0 14
Slide 8: Business Results - Proforma
Business Results - Proforma Million COP$ Cement Var. Energy Var. Others* Var. Holding Var. Elimination Consolidated Var. Revenues 3.661.063 12% 1.754.194 18% 136.170 78% 337.644 -40% (243.768) 5.645.303 13% Gross Income 825.677 24% 638.611 16% 43.182 295% 288.511 -43% (199.094) 1.596.887 17% Gross M
Slide 9: Consolidated Balance Sheet Sep. 2013
Consolidated Balance Sheet Sep. 2013 September Assets 30,0 Short Term 25,0 6,2 20,0 8% COP$ Billion 16% 8,9 Permanent 15,0 28,3 Investments 10,0 5,0 13,2 28% PP&E 48% 0,0 Assets Liab. & Equity Other Long Term Asstes Equity Liabilities Minority Interest June Liabilities 30,0 Financial Oblig. Short Te
Slide 10: Individual Results
Individual Results 3Q Jan. - Jun. Jan. - Jun. Normalized Thousand million COP$ 2013 2012 Var. (%) 2013 2012 Var. (%) 2013 2012 Var. (%) Revenues 135 153 (12) 380 558 (32) 413 343 20 Costs & SG&A 53 46 15 124 83 49 124 83 49 Operating Profit 82 107 (24) 256 475 (46) 289 260 11 EBITDA 82 107 (23) 257
Slide 11: Individual Balance Sheet Sep. 2013
Individual Balance Sheet Sep. 2013 September Assets 18,0 16,0 1,8 Short Term 14,0 3% 16% COP$ Billion 12,0 10,0 8,0 16,2 Permanent 14,5 Investments 6,0 4,0 2,0 81% PP&E 0,0 Assets Liab. & Equity Assets Equity Liabilities June Liabilities 18,0 16,0 Financial Oblig. 1,8 14,0 Short Term 4% 12,0 18% COP
Slide 12: Grupo Argos (Cement)
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Slide 13: Jan–Sep Volumes
Ene – Sep. Volumes Cement Sales Distribution + 99 8.482 Colombia 15% + 141 Caribbean 13% 45% + 132 8.155 Export USA - - 45 27% Southeast -1% +6% +15% +8% +4% YTD 2012 Colombia Caribbean Export USA - YTD 2013 Southeast Ready - mix concrete Sales Distribution + 122 7.037 + 141 Colombia + 79 25% + 269
Slide 14: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 4.200 +12% 900 +23% 3.661 20 745 3.500 3.279 750 2013 20 1.325 +17% 605 +20% 600 269 21 2.800 1.132 225 2.100 450 1.241 +14% +32% 1.092 244 20 1.400 300 185 2012 17 700 150 +19% +4% 232 18 1.055 1.095 194
Slide 15: Celsia
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Slide 16: Jan–Sep Volumes Gx y Dx
Jan. – Sep. Volumes Gx y Dx Generated Energy in GWh + 848 4.550 3.797 + 135 - 230 +61% +82% -9% +20% YTD 2012 Celsia Zona Franca Celsia EPSA YTD 2013 Distributed Energy in GWh Generation Type Jan - Jun + 124 1.604 1.480 44% Hidro 56% Termo +8% YTD 2012 EPSA YTD 2013 16
Slide 17: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 2.000 750 +18% 1.754 +14% 651 37 1.600 1.492 600 571 577 +11% 2013 39 212 +15% 522 184 36 1.200 450 +30% 589 228 +32% 800 300 173 451 35 2012 38 400 +13% 150 589 -1% 520 214 211 41 0 0 2012 2013 2012 2013
Slide 18: Real Estate
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Slide 19: Highlights
Highlights Palmas del Rio Project Property Business The project is located Buenavista area in Analysis of shopping centers and Barranquilla, with total area of 12 corporate offices hectares. Potential construction of 1236 residential units 19
Slide 20: Financial Results
Financial Results Revenues* Revenues EBITDA* EBITDA EBITDA Margin (%)* Thousand Million COP$ Thousand Million COP$ 47 23,5 18,6 48,0 +215% +775% +71% 55 2013 41 40,0 -75 32,0 +820%14,0 33 18 +3347% 24,0 -289 16,0 -65 2012 4,5 5,4 +820% +34% 27 9,4 3,9 8,0 0,9 1 -0,7 1,0 +34% 3,4 4,6 2012 2013 -400 -
Slide 21: Negocio Portuario
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Slide 22: Highlights
Highlights Tolú Port Facility Aguadulce Project Solid bulk facility under construction in Dredging and road construction Tolú. beginning in Aguadulce project Works in Barranquilla to adapt the facility for import and export operations of oil 22
Slide 23: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 90 -7% 32 80 74 27 -29% 23 27 24 2013 24 26 -5% 9 60 19 30 16 6 -36% 29 -12% 25 10 33 30 6 -40% 8 2012 35 -3% 25 24 8 -6% 31 7 0 0 2012 2013 2012 2013 0 10 20 30 40 1Q 2Q 3Q 1Q 2Q 3Q 3Q 2Q 1Q 23
Slide 24: Cargo Vessels
Cargo Vessels # Containers Moved # Containers Imp and Exp. Bulk –General Cargo # Tons -9% 20.000 3.000 +16% 100.000 -21% 17.435 82.475 2.423 75.353 2.400 75.000 15.000 13.858 2.097 6.106 26.373 732 -4% 24.219 -8% -26% 4.489 1.800 759 50.000 10.000 27.814 -24% 5.475 21.042 -15% 1.200 986 4.674 +37% 7
Slide 25: Coal
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Slide 26: Highlights
Highlights Sator continues the exploration in the different coal areas. In the main in Puerto Libertador (Córdoba) planned drilling were completed. The company has recorded a positive performance in the sales of coal from underground mining. 26
Slide 27: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 60 2 53,6 1 -8 50 -25% -1 2012 2013 -38 2013 17 40,4 -5 40 -4 -53 -4 17 +5% 30 20 -3,7 -7 -24 20 -5 14 -30% 2012-4 10 -10 6 -1 -47% 0 -11,5 -13 -60 -40 -20 0 20 2012 2013 1Q 2Q 3Q 3Q 2Q 1Q 1Q 2Q 3Q 27
Slide 28: Grupo Argos – Debt Profile at September 2013
Grupo Argos – Debt Profile at September 2013 $COP 799 Thousand Million Conv. Bonds – Equity 2015 750 200 500 191 100 200 695 145 250 100 47 61 20 17 18 0 0 oct-13 nov-13 dic-13 feb-14 mar-14 sep-14 2015 2016 2020 2015 Bank Loans Convertible Bonds Consolidated Cost of Debt (%) COP vs USD 10,0% 8,0% 7
Slide 29: Portfolio Investment
Portfolio Investment Stake Value Value Price per Share Company Held (COP$ millon) (US$ million)*** (In COP)* Grupo Suramericana 29,2% 5.222.400 2.728 38.120 Grupo Suramericana (P) 8,3% 340.901 178 38.560 Bancolombia 2,5% 341.683 178 26.900 Grupo Nutresa 9,8% 1.231.536 643 27.220 Total 7.136.519 3.72
Slide 30: Individual Cash Flow
Individual Cash Flow Cash Flow at Dec. 2012 554.261 EBITDA 257.397 Working Capital Var. - 37.844 Taxes - 4.079 CAPEX - 49.343 Net Dividends 59.210 Net Financial Expenses - 49.315 Net Other Not - Operational - 11.783 Others Operational 26.483 Net Op. Financial Obligations - 337.299 Accounting Adjustm
Slide 31: Contact
www.grupoargos.com Ricardo Sierra Nicolás Valencia CFO Investor Relations rsierra@grupoargos.com Tel.: (574) 319.87.12 Medellín, Colombia nvalenciap@grupoargos.com Medellín, Colombia 31