Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q4 2012 Earnings Presentation
26 slides from Grupo Argos's earnings presentation, Feb 28, 2013
Slide 1: 4Q2012 Results
4Q2012 Results February 28th 2013
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: Grupo Argos Investment
Grupo Argos Investment Estratigic Investment* Portfolio Investments Grupo Argos Investments* 16% 5% 6% 73% Grupo Sura Grupo Sura Bancolombia Grupo Nutresa $13.1 Billions $7.1 Billions $20.2 Billions *The value of each investment for the companies that are on the exchange markets are calculated base
Slide 4: Consolidated Results
Consolidated Results 4Q Jan. - Dec. Thousand million COP$ 2012 2011 Var. (%) 2012 2011 Var. (%) Revenues 1.703 1.654 3 6.681 5.786 15 Costs & SG&A 1.521 1.380 10 5.593 4.624 21 Operating Profit 182 274 (34) 1.088 1.163 (6) EBITDA 323 401 (19) 1.616 1.629 (1) EBITDA Margin (%) 19,0 24,2 24,2 28,2 Mil
Slide 5: Business Results
Business Results Million COP$ Cement Var. Energy Var. Holding Var. Others* Elimination Consolidated Var. Revenues 4.380.393 23% 2.023.672 9% 568.300 39% 165.378 -3% (456.588) (1) 6.681.155 15% Gross Income 911.936 28% 712.300 4% 516.511 37% 33.687 -40% (393.790) (1) 1.780.644 3% Gross Margin 20,8% 3
Slide 6: Consolidated Balance Sheet Dec. 2012
Consolidated Balance Sheet Dec.2012 Assets 30,0 COP$ billion Short Term 8% 12% 25,0 4,9 Permanent Investments* 30% PP&E* 20,0 50% 9,1 Other Long Term 15,0 26,8 Liabilities 10,0 Financial Oblig. Short Term 6% 12,8 15% Other Short Term 5,0 19% Bonds 24% 0,0 Financial Oblig. 36% Long Term Assets Liab.
Slide 7: Individual Results
Individual Results 3Q Jan. - Dec. Thousand million COP$ 2012 2011 Var. (%) 2012 2011 Var. (%) Revenues 44 26 67 602 373 62 Costs & SG&A 85 -10 NA 168 173 (3) Operating Profit -41 36 NA 434 200 117 EBITDA -40 37 NA 436 202 116 EBITDA Margin (%) -92,0 140,2 72,5 54,2 Million US$ Revenues 24 14 75 337
Slide 8: Individual Balance Sheet Dec. 2012
Individual Balance Sheet Dec.2012 18,0 Assets 16,0 1% Short Term 2,1 COP$ billion 4% 14,0 16% Permanent Investments* 12,0 PP&E* 10,0 79% Other Long Term 8,0 16,1 14,1 6,0 Liabilities 4,0 Financial Oblig. 2,0 4% Short Term 14% Other Short Term 29% 0,0 Bonds Assets Liab. & Equity Assets Equity Liabili
Slide 9: Cementos Argos
Cementos Argos 9
Slide 10: Cementos Argos – Jan.–Dec. Volumes
Cementos Argos – Ene. – Dec. Volumes Cement Ton 000 + 88 + 10 + 185 10.822 10.208 - 145 +2% +21% -10% +13% + 6% 2011 Colombia Caribbean Local and Export USA - Southeast 2012 Trading Ready-mix concrete m3 000 + 378 + 87 + 240 8.542 7.844 -7 +15% -1% +4% +9% +9% 2011 Colombia Caribbean USA - Southeast
Slide 11: Cementos Argos – Financial
Cementos Argos – Financial Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 4.800 792 4.380 800 +16% +19% 17 4.000 -1% 682 187 -5% 3.668 1.101 20 2012 600 197 17 3.200 1.111 +23% 225 +19% 18 1.132 2.400 400 189 921 18 +29% 186 +18% 1.600 1.092 21 849 200 157 2011 800 18
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Slide 13: Celsia – Jan.–Dec. Volumes Gx y Dx
Celsia – Ene. – Dec. Volumes Gx y Dx Generated Energy in GWh 5.961 + 76 + 119 5.041 -1.115 +30% +8% -26% -15% 2011 Celsia Zona Franca Celsia EPSA 2012 Distributed Energy in GWh 1.920 + 63 1.983 +3,3% 2011 EPSA 2012 13
Slide 14: Celsia – Financial
Celsia – Financial Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 2.400 800 714 2% 731 +9% 2.024 30 700 2.000 1.850 160 -14% 35 +2% 187 2012 531 600 38 1.600 520 500 41 184 +16% 159 1.200 522 +13% 400 461 300 173 +0% 36 800 173 451 +13% 401 34 200 2011 43 400 100 195 2
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Slide 16: Geographic Coverage
Geographic Coverage Compas operating port Port with commercial and operating agreements Port under development 16
Slide 17: Compas – Volumes Jan.–Dec.
Compas- Volumes Ene. – Dec. Tons moved 4.000 Ton 000 3.729 3.631 3.500 3.234 3.000 2.500 2.000 1.760 1.611 1.500 1.000 500 +9% +84% +15% -3% - 2008 2009 2010 2011 2012 * Tons moved by type of cargo 4.500 Ton 000 3.700 2.900 2.100 1.300 500 -300 2008 2009 2010 2011 2012 * Export Import Import (Grains
Slide 18: Compas – Financial proforma
Compas – Financial proforma Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 114 -10% 103 39 2012 23 -38% 22 2011 34 2011 2012 2011 2012 18
Slide 19: Real Estate Business
REAL ESTATE BUSINESS Real Estate Business 19
Slide 20: Real Estate Business
Real Estate Business Property Leaseback Land Development Industrial properties and distribution centers Urbanisms Office assets and corporate buildings Residential and Commercial Development Land development with international Retail malls and shopping centers standards Projects under development To
Slide 21: Real Estate Business - Financial
Real Estate Business - Financial $ 90.000 $ 45.000 $ 80.000 $ 40.000 18,4 Ha $ 70.000 $ 35.000 EBITDA (COP Thousand Millions) 16,8 Ha Ingresos (COP Thousand Millions) $ 60.000 $ 30.000 $ 50.000 $ 25.000 $ 40.000 9,2 Ha $ 20.000 18,7 Ha $ 30.000 $ 15.000 $ 20.000 $ 10.000 $ 10.000 $ 5.000 $0 $0 2008
Slide 22: Viva Villavicencio Mall
Viva Villavicencio Mall Gross Leasable Area 49,799 mt2 Total Investment COP 213,000 MM 215, brands: Exito, Ripley Stores Beginning of Construction September 2012 y Flamingo Annual Revenue Year 3 ~COP 24,000 MM Opening June 2014 22
Slide 23: Negocio Carbón
NEGOCIO CARBÓN 23
Slide 24: Coal Business
Coal Business 9 mining titles located mainly in departments of Córdoba and Antioquia, Colombia SGS GEOSTAT was retained to evaluate the mine’s resources under JORC code standards 24
Slide 25: Grupo Argos - Debt Profile at December 2012
Grupo Argos - Debt Profile at December 2012 Short Term: $COP 800 Thousand Million COP Thousand Million 300 150 241 166 200 137 56 0 jan-13 feb-13 mar-13 apr-13 sep-13 Bank Loans Commercial Papers LT: $COP 300 Thousand Million Covertible Bonds Consolidated Cost of Debt (%) 300 8,5% 750 8,0% 8,0% 200
Slide 26: Contact
www.grupoargos.com Ricardo Sierra Nicolás Valencia CFO Investor Relations rsierra@argos.com.co Tel.: (574) 319.87.12 Medellín, Colombia nvalenciap@argos.com.co Medellín, Colombia