Sociedad Matriz Saam S.a. · BCS:SMSAAM
Sociedad Matriz Saam — Investor Presentation (March 2016)
30 slides from Sociedad Matriz Saam's investor presentation, Mar 15, 2016
Slide 1: Corporate Presentation
CORPORATE PRESENTATION March 15, 2016 San Antonio Terminal Internacional, Chile
Slide 2: Agenda
Agenda Company Description Milestones 2015 Business Divisions Financial Highlights SAAM SMIT Towage, Canada
Slide 3: Agenda
Agenda Company Description Milestones 2015 Business Divisions Financial Highlights SAAM SMIT Towage, Canada
Slide 4: The Company
The Company Established in 1961 Headquarters in Chile Wide Coverage across the Americas, presence in 15 countries. 2015 FY revenues USD748 million, EBITDA USD203 million. Market Cap of 615(1) million dollars More than 10,000 employees Local Long Term Credit Ratings of AA- from Humphreys and Feller (
Slide 5: Wide coverage across the Americas, presence in 15 countries
Wide coverage across the Americas, presence in 15 countries Port Terminals Towages Logistics Port Terminals Towages Logistics 11 188 (1) +350(2) ha. Port Terminals Towages Support Areas and Warehouses • A Worlwide company present in 84 ports distributed in 15 countries in the Americas • Fourth globa
Slide 6: Ownership Structure
Ownership Structure SAAM Shareholders Luksic Group SMSAAM is Controlled by Luksic Group, one of Chile’s leading economic groups. Others (retail) 20,9% Quiñenco 65% 81% (Luksic Group) Foreign 49,8% 6,8% Other Institutional 10,6% Industrial / AFPs Mining Transoceánica Financial Services 6,7% (Schiess
Slide 7: Quiñenco: Main Operating Companies
Quiñenco: Main Operating Companies % Control as of October 2015 51.2% 60.0% 28.6%(2) 100% 49.8% 56.0% 65.9% Mkt. Cap (1): Mkt. Cap (1): Mkt. Cap (1): Mkt. Cap (1): Book Value (4): Mkt. Cap (1): Mkt. Cap (1): CSAV US$0.6 B US$ 9.1 B US$ 3.5 B US$ 1.5 B US$ 0.8 B US$0.6 B US$ 0.1 B HL(3): US$5.2 B • 1
Slide 8: Stock Watch
Stock Watch YTD 2015 Cumulative Total Return (Gross Dividends 02-01-2015 / 30-12-2015) CLP US$ SM-SAAM -0,6% -14,1% IPSA -4,4% -17,4% 122,0 MSCI Latin America --- -29,0% 117,0 MSCI Latin America S C --- -29,7% 112,0 107,0 102,0 97,0 92,0 87,0 -14.1% 82,0 -17.4% 77,0 -29.0% 72,0 -29.7% 67,0 Dividend
Slide 9: SAAM by Business and Regions
SAAM by Business and Regions (Consolidated + Affiliates at Proporcional Value) Business Diversification 2015 Revenues (*) EBITDA (*) EBITDA Mg (*) US$ Million US$ Million SMSAAM 748 202 27% Port Terminals 244 71 29% Towage 279 102 37% Logistics 223 28 13% Wide Geographic Diversification 2015 Revenue
Slide 10: Results SAAM 2015
Results SAAM 2015 REVENUES MUS$ 726 775 -3.3% 748 694 +6.7% +4.6% 247 283 322 246 448 479 492 426 2012 2013 2014 2015 Consolidated Affiliates Note: Affiliates at proportional value (weighted by ownership). EBITDA MUS$ 300 27% 23% 24% 25% 250 22% 203 185 +9.7% 20% 200 165 +12.1% 154 +7.1% 15% 150 77
Slide 11: Results SAAM 2015
Results SAAM 2015 EARNINGS US$ Millions +23.3% 74 -17.5% +13.1% 69 60 61 2012 2013 2014 2015 Earnings, attributable to owners of Parent Company GEOGRAPHIC DIVERSIFICATION of EBITDA 2015 South America Chile 39% 33% Central America North America 6% 22% Note: Based on consolidated EBITDA and affiliates
Slide 12: Agenda
Agenda Company Description Milestones 2015 Business Divisions Financial Highlights San Antonio Terminal Internacional, Chile
Slide 13: Milestones 2015
Milestones 2015 Corporate: • Launch of Corporate Procurement Area: optimize advantages of scale. • Substantial reduction in accident rates. • Reduction of ownership in Tramarsa 49% to 35% Towage: • Completion of one year of joint operations with Boskalis. Capture of synergies in ‘SST Brasil’: over U
Slide 14: Milestones 2015
Milestones 2015 Port Terminals : • Newly added Port in Perú: Terminal Internacional del Sur (TISUR). • Concession Renewal for Florida International Terminal, USA(FIT) with Broward County, for 10+5+5 years. • Start of Terminal Portuario Guayaquil, Ecuador (TPG) extension project. • Arrival of two STS
Slide 15: Milestones 2015
Milestones 2015 Logistics : Chile: • Radical change in economics of services provided to Shipping Lines (Agency Services and Empty Container Depots). • Loss of ex-CSAV Empty Container Depot business after merger with Hapag Lloyd. • Reduced activity in foreign trade affects volume of services associa
Slide 16: Agenda
Agenda Company Description Milestones 2015 Business Divisions Financial Highlights SAAM SMIT Towage, Brazil
Slide 17: Port Terminals Division
Port Terminals Division • One of the leading Port Operators in South America • 11 Port Terminals (including the newly added TISUR terminal) • 31.6 (1) Million Tons and 2.6 (1) Million TEUs Transferred in 2015 • Presence in 6 Countries • 2015 FY revenues USD244 (1) million, EBITDA (1) USD74 million T
Slide 18: Port Terminals Division
Port Terminals Division Chile (26.4 Million Tons Transferred ) Foreign (5.2 Million Tons Transferred (1)) FIT TMAZ Terminal Puerto Iquique Terminal Florida Terminal Marítimo Arica S.A. Internacional S.A. International Mazatlán, México Terminal, USA PBV TPG TISUR TPA Antofagasta San Antonio Terminal
Slide 19: Port Terminals Division
Port Terminals Division Country Terminal Share Tons 2015 Dock Dock Area End of Extension Holding Thousands Length (m) Draft (m) (ha) Concession Option Chile STI 50% 12,909 800 13.5 30.5 2024 Extended .+ 5 Years Chile SVTI 50% 5,515 600 12.2 40.9 2029 Extended Perú TISUR 35% 3,816 848 15.0 34.8 2029
Slide 20: Second Port Operator in South America
Second Port Operator in South America. Ranking Company 2014 Total TEUs Main Terminal Operations Transferred (thousands) 1 DP World 2,486 Callao, Buenos Aires, Suriname, Santos 2 SAAM 2,426 (*) San Antonio, San Vicente, Iquique, Antofagasta 3 Grupo Ultramar 2,280 Arica, Valparaíso, Mejillones, Corone
Slide 21: Port Terminals Division
Port Terminals Division REVENUES MUS$ +5.4% +4.7% 244 +7.2% 222 234 207 107 119 112 114 108 127 125 95 2012 2013 2014 2015 Consolidated Affiliates Note: Affiliates at proportional value (weighted by ownership). EBITDA MUS$ 120,0 35% 27% 29% 100,0 27% 27% 30% 25% 80,0 71 60 63 +12.6% 20% 55 +5.0% 60,
Slide 22: Towage Division
Towage Division • Fourth Global Tugboat Operator • 188(*) Tugboats, 70% are ASD tugboats • 115,456 Maneuvers in 2015 • Presence in 12 Countries, in over 76 Ports • 2015 FY revenues USD279 million, EBITDA USD102 million. (*) includes 8 tugboats under construction Presence in 12 Countries North Americ
Slide 23: Towage Division
Towage Division SAAM Fleet • SAAM Market Share 191 -2% 188(*) Chile N⁰ 2 Ecuador N⁰ 1 132 +45% 128 134 75 • SAAM SMIT TOWAGE Market Share 57 63 56 Mexico N⁰ 1 Panama N⁰ 1 2013 2014 2015 Brazil N⁰ 2 Canada N⁰ 1 Conventional Azimutal (*) 8 tugboats under construction, included SST Maneuvers Revenues D
Slide 24: Towage Division
Towage Division REVENUES MUS$ 284 -1.4% 280 +20.0% +12.3% 236 210 66 32 91 30 204 218 189 180 2012 2013 2014 2015 Consolidated Affiliates Note: Affiliates at proportional value (weighted by ownership). EBITDA MUS$ 180,0 40% 37% 160,0 35% 140,0 31% 29% 28% 30% 120,0 +17.2% 102 100,0 87 25% 80,0 +10.0
Slide 25: Logistics Division
Logistics Division • 173 ha Support Areas and Warehouses, 63% owned • Presence in 6 Countries, in more than 25 Ports • Strategic Locations • Strong Partners: Romero group and American Airlines • 2015 FY revenues USD223 million, EBITDA USD28 million Logistics Business by Countries Revenues Distributi
Slide 26: Logistics Division
Logistics Division REVENUES MUS$ 277 -3.2% 268 -4.1% 257 -12.8% 224 104 101 109 112 173 167 148 112 2012 2013 2014 2015 Consolidated Affiliates Note: Affiliates at proportional value (weighted by ownership). EBITDA MUS$ 150,0 14% 14% 14% 14% 130,0 13% 110,0 90,0 70,0 50,0 39 -2.5% -7.8% 38 35 -17.1%
Slide 27: Agenda
Agenda Company Description Milestones 2015 Business Divisions Financial Highlights
Slide 28: A Strong Financial Framework
A Strong Financial Framework NET FINANCIAL DEBT US$ (Thousands) CONSOLIDATED FINANCIAL DEBT 414,352 Short Term: 202,551 23% 247,515 166,838 149,094 53,458 211,801 113,380 98,421 Long Term: Financial Debt Cash Net Financial Debt 77% Consolidated Affiliates CONSOLIDATED NET FINANCIAL DEBT / EBITDA CON
Slide 29: Contact
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.com www.smsaam.com
Slide 30: San Vicente Terminal Internacional, Chile
San Vicente Terminal Internacional, Chile 30
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