Sociedad Matriz Saam S.A. · BCS:SMSAAM
Sociedad Matriz Saam — Q2 2016 Earnings Presentation
29 slides from Sociedad Matriz Saam's earnings presentation, Aug 19, 2016
Slide 1: Presentation of Results for Second Quarter 2016
Presentation of Results for Second Quarter 2016 August 19, 2016 1
Slide 2: Agenda
Agenda Executive Results 2Q 2016 Capex and Debt Guidance Summary 2016 2
Slide 3: Agenda
Agenda Executive Results 2Q 2016 Capex and Debt Guidance Summary 2016 3
Slide 4: Highlights
Highlights • Net Income for 2Q2016 was US$14.4 million (+56% with respect to 2Q2015) • Accumulated Net Income at June 2016 was US$29.2 million (+26% with respect to 1H2015) • Positive results in Towage Division and Port Terminals in 2Q2016 • Investment plan for 2016 shows progress of 45% • Improveme
Slide 5: Financial Summary (ThUS$)
Financial Summary (ThUS$) Financial Summary (1) 2Q2015 2Q2016 Δ Δ% 1S-2015 1S-2016 Δ Δ% Revenues 186,012 177,819 (8.193) -4.4% 378,313 350,430 (27,883) -7.4% EBITDA 49,502 53,066 3,564 7.2% 103,239 104,784 1,545 1.5% EBITDA Margin 26.6% 29.8% --- 3.2 pp 27.3% 29.9% --- 2.6 pp Parent Company Net 9,24
Slide 6: Financial Summary: EBITDA (Consolidated + PV)
Financial Summary: EBITDA (Consolidated + PV) 2Q2015 / 2Q2016 EBITDA Distribution 2Q2016 Logistics; 5% Port Terminals; +7,2% 43% Towage; 52% 1H2015 / 1H2016 EBITDA Distribution 1H2016 Logistics; 8% Towage; 50% +1,5% Port Terminals; 43% 6
Slide 7: Agenda
Agenda Executive Results 2Q 2016 Capex and Debt Guidance Summary 2016 7
Slide 8: Towage
Towage 8
Slide 9: Towage – Relevant Milestones 2Q2016
Towage – Relevant Milestones 2Q2016 • Contracts awarded to SAAM : Puerto Cortés (Honduras) Puerto Balboa (Panamá) Puerto Cristóbal (Panamá) • Incorporation of new state-of-the-art tugboats Mirlo and Tordo • Efficiencies in Saam Smit Towage (SST) Brasil and SAAM Towage Chile • Fleet renovation
Slide 10: Chile: New Tugboats - Mirlo and Tordo
Chile: New Tugboats - Mirlo and Tordo 10
Slide 11: Panama: SAAM is awarded contracts in Balboa and Cristóbal
Panama: SAAM is awarded contracts in Balboa and Cristóbal 11
Slide 12: Towage – Results (Consolidated + PV)
Towage – Results (Consolidated + PV) Explanation 2Q2015 / 2Q2016 • Good results obtained in Brazil (mainly offshore) ThUS$ (1) 2Q2015 2Q2016 Δ Δ% • Good results obtained in Chile and Uruguay (special Revenues 70,517 70,549 32 0.0% operations) EBITDA 26,740 27,539 800 3.0% • Lower activity level in N
Slide 13: Port Terminals
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Slide 14: Port Terminals – Relevant Milestones 2Q 2016
Port Terminals – Relevant Milestones 2Q 2016 • Terminal Portuario de Guayaquil (TPG): cargo recovery (+59.4% 2Q2016 /1Q2016) • Florida International Terminal (FIT): new service with Hapag-Lloyd • San Vicente Terminal Internacional (SVTI): renewal of relevant contracts and inauguration of new dock th
Slide 15: SVTI: Inauguration of new Dock
SVTI: Inauguration of new Dock 15
Slide 16: SVTI: Inauguration of new Dock
SVTI: Inauguration of new Dock 16
Slide 17: SVTI: Inauguration of new Dock
SVTI: Inauguration of new Dock 17
Slide 18: TISUR: Inauguration of Shipping Dock F
TISUR: Inauguration of Shipping Dock F 18
Slide 19: TISUR: Inauguration Shipping Dock F
TISUR: Inauguration Shipping Dock F 19
Slide 20: Port Terminals – Results (Consolidated + PV)
Port Terminals – Results (Consolidated + PV) Explanation 2Q2015 / 2Q2016 • Incorporation of TISUR ThUS$ (1) 2Q2015 2Q2016 Δ Δ% • Greater volumen transferred ITI (+25,8% 2T2015 / 2T2016) Revenues 58,742 66,630 7,888 13.4% • Portuaria Corral greater number of ships docking EBITDA 16,401 22,727 6,327 3
Slide 21: Logistics
Logístics 21
Slide 22: Logistics – Results (Consolidated + PV)
Logistics – Results (Consolidated + PV) Explanation 2Q2015 / 2Q2016 • Lower sales due to closing of DYM and AGMA in Chile ThUS$ (1) 2Q2015 2Q2016 Δ Δ% and closing in Brazil Revenues 56,753 40,640 -16,113 -28.4% • Diminished activity in the Region EBITDA 6,362 2,800 -3,563 -56.0% • Reduced results in
Slide 23: Agenda
Agenda Executive Results 2Q 2016 Capex and Debt Guidance Summary 2016 23
Slide 24: Capex 2016 (Consolidated +PV)
Capex 2016 (Consolidated +PV) CAPEX 1H2016 Investment Plan 2016 Division % Progress Main investments (MMUS$) (MMUS$) Tugboats’ renovation Plan Towage 31.6 49.8 64% Careening and Overhaul Shipping Dock F Project at Terminal Internacional del Sur Dock extensión and purchase of equipment Terminal Portu
Slide 25: Financial Debt and Profitability Indicators
Financial Debt and Profitability Indicators Net Financial Debt MMUS$ Profitability Consolidated Values 551.7 2Q2016 1Q2016 2Q2015 ROE (1) 10.5% 9.8% 8.3% 300.3 354.3 ROA (2) 6.1% 5.7% 4.8% (1) Net Income last 4 Quarters attributable to Parent Company / Average 197.4 215.8 Equity last 4 Quarters attr
Slide 26: Agenda
Agenda Executive Results 2Q 2016 Capex and Debt Guidance Summary 2016 26
Slide 27: Guidance
Guidance • Towage: Mexico: challenges due to Oil&Gas situation and to greater competitivity Stable volumes versus 1H2016 • Port Terminals : Scant growth of cargo in Chilean port terminals Commercial challenges • Logistics: Diminished activity in services provided to importers and exporters
Slide 28: 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.saam.com w
Slide 29: Presentation of Results for Second Quarter 2016
Presentation of Results for Second Quarter 2016 August 19, 2016 29