Slide 1: Earnings Presentation First Quarter 2023
Earnings Presentation First Quarter 2023 April 2023 1
Slide 2: Highlights
HIGHLIGHTS Approval of Board members for the 2023-2026 period • The shareholder´s Meeting approved the new Board members for the next 3 years: 1. Andreas von Wedemeyer Knigge. 2. Manuel Bustamante Olivares; 3. Raúl Ortiz de Zevallos Ferrand; 4. Thiago de Orlando e Albuquerque; 5. Mariela García Figa
Slide 3: Introduction: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 20.3% 18.6% 18.8% 17.3% 17.2% 16.7% 15.9% 14.2% 14.0% 14.4% 14.1% 12.8% 12.2% 11.2% 11.3% 10.9% 9.9% 9.4% 9.1% 8.7% 8.3% 8.6% 9.4% 7.3% 7.7% 7.6% 5.4% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 ROE ROA ROIC 3
Slide 4: Introduction: GDP and Investment
INTRODUCTION GDP (Var %) Public & Private investment 13.6% (Var %) Private investment 2.8% 2.6% affected in 2023 by 37.6% business confidence -0.3% 2021 2022 1Q23 2023(E) 23.7% and social conflicts. Mining and Construction GDP evolution (Var %) 5.1% 34.5% 1.0% -0.5% -1.6% -0.5% -10.0% 10.5% 7.0% 3.4
Slide 5: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES +53% +64% +92% +40% -11% 0% 400 175 285 262 274 107 243 91 57 57 Q2'22 Q3'22 Q4'22 Q1'22 Q1'23 Q2'22 Q3'22 Q4'22 Q1'22 Q1'23 SPARE PARTS AND SERVICES RENTAL AND USED -3% -16% +25% +12% -16% +4% 938 913 905 81
Slide 6: Financial Highlights
Gross Margin Adj. 1Q 2022 = 26.2%, 1Q 2023 = 28.2% Operating Margin Adj. 1Q 2022 = 9.6% ; 1Q 2023 = 11.6% Ebitda Margin Adj 1Q 20222 = 13.7% ; 1Q 2023 = 15.6% FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES MARGINS 28.8% 27.3% +11% 24.9% 25.1% 23.5% +19% +8% 1,885 1,582 1,691 16.3% 1,560 14.7% 1,43
Slide 7: Evolution on Exchange Rates
3.376 Ene-20 Feb-20 3.451 Mar-20 Abr-20 3.383 May-20 3.434 Jun-20 Jul-20 Ago-20 3.541 3.547 Set-20 Oct-20 3.615 Nov-20 Dic-20 3.624 Ene-21 Feb-21 3.651 3.758 Mar-21 3.78 Abr-21 May-21 3.827 Jun-21 3.866 Jul-21 4.086 Ago-21 Set-21 4.136 Oct-21 3.992 Nov-21 4.066 Dic-21 3.846 3.998 Ene-22 Feb-22 Excha
Slide 8: Financial Highlights - EBITDA
FINANCIAL HIGHLIGHTS - EBITDA Million Soles (S/ mm) EBITDA -15% +46% +7% 276 235 230 219 158 Q2'22 Q3'22 Q4'22 Q1'22 Q1'23 8
Slide 9: Net Income
NET INCOME Million Soles (S/ mm) NET INCOME 1Q2023 0 3 68 72 128 121 7 1 1Q'22 Δ Share of profit Δ D&A Δ Gain(loss) to Δ Financial exp Δ Income tax Δ EBITDA 1Q'23 Positive variations of associated FX Negative variations 9
Slide 10: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT Million dollar (USD mm) CASH BALANCE DEBT MATURITY AND PROFILE 258 203 225 Non- Current Current 130 51% 104 100 103 49% 74 80 105 59 54 55 53 50 63 42 81 68 29 4 2023 2024 2025 2026 2027 2028 DEBT EVOLUTION 896 899 Local banks Foreign banks CAT Capital Mkt IF
Slide 11: Total Assets and Cash Cycle
TOTAL ASSETS AND CASH CYCLE Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE +3% 210 198 203 198 193 176 170 7,000 165 169 200 3 163 163 161 158 5,890 303 106 6,063 187 193 189 153 155 157 154 58 34 180 6,000 2.5 173 165 159 156 156 5,000 149 155 149 150 152 150 149 2 4,000 76 67 63 64 6
Slide 12: Capex
CAPEX 32 In millions US$ 38 1 43 50 0 Investment 50 12 5* 34 7 36 8 7 1 3 5 12 15 21 2 11 10 4 -14 -14 -14 -38 -65 -8 Disinvestment 2019 2020 2021 2022 1Q2023 • Investment in intangible assets reached US$ 0.5 million dollars as of March 2023 * Disclaimer: Capital Expenditures on Infrastructure inclu
Slide 13: Ferreycorp
-Ferreycorp