Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q2 2013 Earnings Presentation
30 slides from Grupo Argos's earnings presentation, 2013
Slide 1: Grupo Argos
GRUPO ARGOS
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: Consolidated Results
Consolidated Results 2Q Jan. - Jun. Thousand million COP$ 2013 2012 Var. (%) 2013 2012 Var. (%) Revenues 1.882 1.619 16 3.665 3.240 13 Costs & SG&A 1.551 1.345 15 2.946 2.650 11 Operating Profit 331 274 21 719 590 22 EBITDA 464 402 15 981 850 15 EBITDA Margin (%) 24,7 24,8 26,8 26,2 Million US$ Reve
Slide 4: Consolidated Results - Revenues
Consolidated Results- Revenues 17 5 2 4 8 3.665 207 -7 189 3.240 Revenues June Cement Energy Coal Ports Real Estate Corporative Divestment Dividends Revenues June 2012 2013 4
Slide 5: Consolidated Results - EBITDA
Consolidated Results - Ebitda 54 5 8 981 - 10 -2 - 14 -5 95 850 EBITDA June Cement Energy Coal Ports Real Estate Corporative Divestment Dividends EBITDA June 2012 2013 5
Slide 6: Consolidated Results – Net Income
Consolidated Results – Net Income 334 Comparable net income 1% 164 + 31 166 Net Income - 170 135 334 Net Income June Argos Recurring Net Net Income 2013 Exchage Net income with 2012 Extraordinary Income 2012 Difference Exchange effect profit Effect 3 0 135 8 - 177 -2 -5 - 22 -4 Net Income June Cemen
Slide 7: Business Results - Proforma
Business Results - Proforma Million COP$ Cement Var. Energy Var. Others* Var. Holding Var. Elimination Consolidated Var. Revenues 2.336.198 9% 1.177.400 21% 69.888 31% 235.187 -42% (153.891) 3.664.782 13% Gross Income 522.035 22% 429.575 16% 21.297 93% 209.145 -46% (123.325) 1.058.727 19% Gross Marg
Slide 8: Consolidated Balance Sheet Jun. 2013
Consolidated Balance Sheet Jun. 2013 June Assets 30,0 25,0 6,2 Short Term COP$ Billion 20,0 8% 16% 8,8 Permanent 15,0 27,9 COP$ Billion Investments 10,0 5,0 12,9 28% PP&E 48% 0,0 Assets Liab. & Equity Other Long Term Asstes Equity Liabilities Minority Interest March Liabilities 30,0 Financial Oblig.
Slide 9: Individual Results
Individual Results 2Q Jan. - Jun. Jan. - Jun. Normalized Thousand million COP$ 2013 2012 Var. (%) 2013 2012 Var. (%) 2013 2012 Var. (%) Revenues 94 152 (38) 245 405 (40) 276 235 17 Costs & SG&A 55 28 93 71 36 95 71 36 95 Operating Profit 39 124 (68) 174 369 (53) 205 199 3 EBITDA 40 124 (68) 175 370
Slide 10: Individual Balance Sheet Jun. 2013
Individual Balance Sheet Jun. 2013 June Assets 18,0 16,0 1,8 3% Short Term 14,0 16% COP$ Billion 12,0 10,0 8,0 16,0 Permanent 14,2 Investments 6,0 4,0 2,0 PP&E 81% 0,0 Assets Liab. & Equity Assets Equity Liabilities March Liabilities 18,0 16,0 Financial Oblig. 1,8 14,0 Short Term 4% 12,0 16% 27% Oth
Slide 11: Grupo Argos (Cement)
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Slide 12: Jan–Jun Volumes
Ene – Jun. Volumes Cement Sales Distribution + 157 + 10 5.453 5.373 Colombia 15% Caribbean 13% 45% + 26 Export - 107 USA - 27% Southeast -4% +2% +27% +1% +1% YTD 2012 Colombia Caribbean Export USA - YTD 2013 Southeast Ready - mix concrete Sales Distribution + 48 + 32 4.467 Colombia + 46 + 156 25% 36
Slide 13: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ +9% +25% 2.400 2.336 500 476 2.147 20 2.000 380 400 2013 1.241 +14% 244 21 +19% 1.600 1.092 300 185 1.200 200 800 17 +4% 2012 1.095 +32% 1.055 232 100 194 18 400 0 0 2012 2013 2012 2013 0 10 20 30 1Q 2Q 1
Slide 14: Celsia
CELSIA a sak” r NG } GRUPO ARGOS
Slide 15: Jan–Jun Volumes Gx y Dx
Jan. – Jun. Volumes Gx y Dx Generated Energy in GWh + 750 + 108 3.120 2.705 - 443 +95% +138% -22% +15% YTD 2012 Celsia Zona Franca Celsia EPSA YTD 2013 Distributed Energy in GWh Generation Type Jan - Jun + 79 1.045 967 44% Hidro 56% Termo +8% YTD 2012 EPSA YTD 2013 15
Slide 16: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 1.400 +21% 1.200 1.177 500 +14% 439 39 1.000 971 387 2013 400 36 589 +30% +32% 800 228 451 300 173 600 200 400 38 2012 +13% 100 -1% 200 41 0 0 2012 2013 2012 2013 0 20 40 60 1Q 2Q 1Q 2Q 2Q 1Q 16
Slide 17: UU AL 2298
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Slide 18: Highlights
Highlights Urbanism License Property Business Approval for Lago Alto, development project Several investment under analysis for 23 stages in 251 hectares. Viva Villavicencio in progress 38% done. The first stage will develop 6.8 hectares. 18
Slide 19: Financial Results
Financial Results Revenues* Revenues EBITDA* EBITDA EBITDA Margin (%)* Thousand Million COP$ Thousand Million COP$ 14 +215% 4,0 +71% 0,4 41 12,0 2013 2,0 3,9 -75 9,4 +820% 0,2 8,0 0,9 0,0 2012 2013 4,4 -0,7 -65 4,0 1,0 -3,4 2012 +34% -2,0 4,6 27 3,4 0,0 2012 2013 -4,0 -100 -50 0 50 1Q 2Q 1Q 2Q 2Q 1Q
Slide 20: Negocio Portuario
Negocio Portuario 20
Slide 21: Highlights
Highlights Tolú Port Facility Aguadulce Project Compas, Tolú terminal was launched to The project continues with the the market. With all the environmental acquisition of the 100% of Boscoal, an and the customs authorizations, is allowed exclusive port operator for food, coal and to start operat
Slide 22: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 60 -8% -25% 18 53 49 16 24 2013 13 -12% 30 40 29 10 12 25 -6% 6 8 20 35 -3% 2012 25 24 4 8 7 31 -40% 0 0 2012 2013 2012 2013 0 10 20 30 40 1Q 2Q 1Q 2Q 2Q 1Q 22
Slide 23: Cargo Vessels
Cargo Vessels # Containers Moved # Containers Imp and Exp. Bulk –General Cargo # Tons -9% -17% +26% 60.000 56.102 12.344 1.800.000 1.691.499 51.134 12.000 10.192 -24% -10% 1.337.635 +37% 40.000 27.814 21.042 6.090 1.200.000 986.394 8.000 5.497 718.311 20.000 600.000 4.000 28.288 30.092 6.254 +6% -25
Slide 24: Grupo Argos (Coal)
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Slide 25: Highlights
Highlights Sator continues to progress in defining its strategy 8,097 meters have been drilled during the year in an an area of approximately 1,600 hectares in the Bijao mine. 25
Slide 26: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) Thousand Million COP$ Thousand Million COP$ 40 37,1 0,2 1 -38 -38% 2013 30 2012 2013 -1 -53 20 -2 23,0 20 -5 14 -4 10 -5 2012 -8 6 0 -10,1 -11 2012 2013 -60 -40 -20 0 20 1Q 2Q 2Q 1Q 1Q 2Q 26
Slide 27: Grupo Argos – Debt Profile at June 2013
Grupo Argos – Debt Profile at June 2013 $COP 792 Thousand Million Conv. Bonds – Equity 2015 300 750 200 500 200 701 100 200 250 182 100 62 48 0 0 2015 sep13 oct-13 nov-13 2016 2020 Convertible Bonds Bank Loans Commercial Papers Consolidated Cost of Debt (%) COP vs USD 10,0% 8,0% 8,0% 7,8% 7,7% 6,0%
Slide 28: Portfolio Investment
Portfolio Investment Stake Value Value Price per Share Company Held (COP$ millon) (US$ million)*** (In COP)* Grupo Suramericana 29,2% 5.123.760 2.656 37.400 Grupo Suramericana (P) 9,0% 361.977 188 37.940 Bancolombia 2,5% 335.332 174 26.400 Grupo Nutresa 9,8% 1.084.946 562 23.980 Total 6.906.015 3.58
Slide 29: Individual Cash Flow
Individual Cash Flow Cash Flow at Dec. 2012 554.261 EBITDA +175,040 Working Capital Var. -27,849 Taxes -2,538 CAPEX -35,279 Net Dividends +32,784 Net Financial Expenses -37,448 Net Other Not - Operational -3,927 Others Operational 0 Net Op. Financial Obligations -333,907 Accounting Adjustment -160,8
Slide 30: Contact
www.grupoargos.com Ricardo Sierra Nicolás Valencia CFO Investor Relations rsierra@grupoargos.com Tel.: (574) 319.87.12 Medellín, Colombia nvalenciap@grupoargos.com Medellín, Colombia 30