Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q1 2015 Earnings Presentation
28 slides from Grupo Argos's earnings presentation, 2015
Slide 1: 1Q2015 Results Presentation
1Q2015 Results Presentation 1
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: Highlights
Highlights IFRS New members in the Preferred Shares Board of Directors offering canceled implementation 8% cement and 18% Incorporation of the Bulk plant in the Tolú Confirmatory due ready mix concrete operational results in Central terminal is now fully dilligence for the JV increase in volumes Ame
Slide 4: Consolidated Results
Consolidated Results Q1 Q1 Normalized Billion COP$ 2015 2014 Var. (%) 2015 2014 Var. (%) Revenues 2.621 2.251 16 2.621 2.196 19 Costs & SG&A 2.191 1.617 36 2.191 1.617 36 Operating Profit 429 634 -32 429 579 -26 EBITDA 651 780 -17 650 724 -10 EBITDA Margin (%) 24,8 34,7 24,8 33,0 Million US$ Revenue
Slide 5: Consolidated Results
Consolidated Results Revenues EBITDA EBITDA margin (%) COP$ Billion COP$ Billion 3.000 1.000 +16% 2.621 780 -17% 2.251 800 651 2015 25 2.000 600 2.621 400 780 2.251 1.000 651 2014 35 200 0 0 2014 2015 2014 2015 0 10 20 30 40 1Q 1Q 1Q 5
Slide 6: Consolidated Results - Revenues
Consolidated Results- Revenues +207 +4 +1 +333 2.621 -18 -30 -47 -80 2.251 Revenues Mar. Cement Energy Coal Real Estate Corporative Divestments Dividents Equity Method Revenues Mar. 2014 2015 6
Slide 7: Consolidated Results - EBITDA
Consolidated Results - EBITDA +28 +2 +3 780 -11 -3 -21 -47 651 -80 EBITDA Mar. Cement Energy Coal Real Estate Corporative Divestments Dividents Equity Method EBITDA Mar. 2014 2015 7
Slide 8: Consolidated Results – Net Income
Consolidated Results – Net Income +3 +102 158 -47 -38 +2 -45 -3 52 -80 Utilidad neta Mar. Cement Energy Coal Real Estate Corporative Divestments Dividents Equity Method Utilidad neta Mar. 2014 2015 8
Slide 9: Business Results
Business Results Cement Var. Energy Var. Real Estate Var. Port Var. Other Var. Portfolio Var. Coal Var. Elim. Consolidated Var. Operating Revenues 1.653 27% 791 37% 13 -56% 39 25% 5 34% 117 -44% 11 -35% -7 2.621 16% Gross Profit 343 6% 177 -18% 12 -36% 15 105% 0 109% 117 -34% 3 481% 21 688 -20% Gros
Slide 10: Consolidated Balance Sheet Mar. 2015
Consolidated Balance Sheet Mar.2015 March 2015 Assets Short Term COP$ billion 20% 13% 15,2 Permanent Investments 34,1 24% 18,9 PP&E 43% Assets Liab. & Equity Other Long Term Assets Equity Liabilities December 2014 Liabilities Financial Oblig. Short Term COP$ billion 14,1 18% 16% Other Short Term 34,
Slide 11: Cement Business
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Slide 12: Highlights
Highlights USA regional reported increased Works to install a new mill at the volumes of cement and ready mix, Harleyville plant were finished 39% and 18% respectively 14
Slide 13: Jan – Mar Volumes
Jan – Mar Volumes Cement Cement sales + 179 3.238 + 125 Colombia 20% + 233 - 39 Caribbean & 5% CA 46% 2.740 Export 29% USA - +19% +15% -19% +39% Southeast 2014 Colombia Caribbean & CA Export USA - 2015 Southeast Ready mix concrete Concrete sales Colombia + 310 2.538 28% 31% + 61 Caribbean & CA 2.376
Slide 14: Financial Results
Financial Results Revenues EBITDA EBITDA margin (%) COP$ Billion COP$ Billion 2.000 400 +27% 1.653 +18% 307 1.305 261 2015 19 1.000 200 1.653 307 1.305 261 2014 20 0 0 2014 2015 2014 2015 0 10 20 1Q 1Q 1Q 16
Slide 15: Energy Business
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Slide 16: Highlights
Highlights Intergration of the Panamá and Costa Rica operations allowed Celsia to generate 2,139 GWh 18
Slide 17: Jan. – Dec. Volumes Gx and Dx
Jan. – Dec.Volumes Gx and Dx Generated Energy in GWh + 205 + 427 2.148 + 245 1.739 - 58 -25% +13% +4% +33% 2014 Celsia Zona Franca EPSA Central America 2015 Celsia Energy end-user sales in GWh Generation by technology type + 40 501 4% Hydro 45% Termo 51% Wind 461 +9% 2014 EPSA 2015 19
Slide 18: Financial Results
Financial Results Revenues EBITDA EBITDA margin (%) COP$ Billion COP$ Billion 300 791 800 +37% -8% 231 213 2015 27 577 200 400 791 231 100 213 577 2014 40 0 0 2014 2015 2014 2015 0 20 40 1Q 1Q 1Q 20
Slide 19: Real Estate Business
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Slide 20: Highlights
Highlights Significant advances in the rental properties projects Mayorca shopping mall TATA building Aventura shopping mall Completion % 85% Completion % 85% Completion % 95% Start date Jan. 2012 Start date Mar. 2014 Start date 2013 Completion date* Sep. 2015 Completion date* Aug. 2015 Completion d
Slide 21: Financial Results
Financial Results Revenues EBITDA EBITDA margin (%) COP$ Billion COP$ Billion 30 28,7 2 -56% 2014 2015 -1 -75 2015 20 29 12,5 -4 -7 -9 10 13 -25 2014 -7 -33% 0 2014 2015 -10 -80 -60 -40 -20 0 1Q 1Q 1Q 24
Slide 22: Ports Business
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Slide 23: Highlights
Highlights Construction works at the new Aguadulce terminal in Buenaventura advance as planned 26
Slide 24: Financial Results
Financial Results Revenues EBITDA EBITDA margin (%) COP$ Billion COP$ Billion 50 20 +25% 40 39 15 15 2015 38 +50% 31 30 10 10 20 39 15 31 5 10 2014 31 10 0 0 2014 2015 2014 2015 0 10 20 30 40 1Q 1Q 1Q 27
Slide 25: Operational Results
Operational Results Containers throughput # of containers Imp & Exp Bulk – General cargo in tons 30.000 5.000 1.200 -7% +2% 25.308 4.337 -38% 4.036 923 938 4.000 900 20.000 15.654 3.000 600 25.308 4.337 2.000 4.036 923 938 10.000 15.654 300 1.000 Miles 0 0 0 2014 2015 2014 2015 2014 2015 1Q 1Q 1Q #
Slide 26: Debt Profile
Debt Profile COP 1,000 Billion (USD 420 million) Convertible bonds* 750 500 250 538 0 2015 Cost of debt (%)** *In billion COP, equivalent to USD 226 million **Excludes BOCEAS 32
Slide 27: Portfolio
Portfolio March 2014 March 2015 Food Ports Food Ports 6% 2% 6% 2% Cement Cement Financial Services Fi nancial Servi ces 35% 33% 28% 28% COP$20,3 COP$18,0 Billion Billion Coal Coa l 2% 2% Energy Energy Real Estate Rea l Estate 12% 13% 15% 16% -11% *The value of each investment for the companies that
Slide 28: Thanks
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