Slide 1: Earnings Presentation First Quarter 2024
Earnings Presentation First Quarter 2024 April 2024
Slide 2: Highlights: Dividends' payment
HIGHLIGHTS Dividends´ payment • On March 2024, the Shareholders´ Meeting approved a cash dividend of S/260.3 million. • This amount was defined by the upper limit of the dividend policy (60% of free disposal profits without considering the appraisal surplus related to the sale of a facility). • On O
Slide 3: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 20.3% 18.6% 18.8% 18.5% 16.7% 17.3% 17.2% 17.3% 16.8% 16.7% 15.9% 14.2% 14.0% 14.4% 14.1% 12.2% 12.8% 12.2% 12.0% 11.2% 11.3% 10.9% 10.7% 10.7% 9.9% 9.4% 9.1% 8.7% 8.3% 8.6% 8.4% 8.4% 9.4% 7.3% 7.7% 7.6% 7.6% 7.7% 5.4% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 S
Slide 4: Introduction: GDP, Investment, Mining and Construction
INTRODUCTION GDP (Var %) Public & Private Investment (Var %) 2.8% 2.8% 30.0% 1.5% -0.5% 2022 2023 1Q24 2024(E) 5.1% 4.0% 1.4% 2.0% 3.0% Mining and Construction GDP evolution (Var %) -0.5% -7.1% 2022 2023 1Q24 2024(E) Private Invest. Public Invest. 8.4% 6.2% 5.5% 4.2% 3.4% 2.1% Private investment aff
Slide 5: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES +225% +52% -40% +54% +54% 143 498 +36% 115 96 323 326 322 75 236 44 Q2'23 Q3'23 Q4'23 Q1'23 Q1'24 Q2'23 Q3'23 Q4'23 Q1'23 Q1'24 SPARE PARTS AND SERVICES RENTAL AND USED +2% +13% -34% +10% 1,071 -5% +28% 990 1
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES +12% +22% +17% MARGINS 2,003 1,785 1,830 1,645 1,560 27.3% 26.7% 26.2% 25.5% 24.5% 14.7% 15.0% 13.6% 13.6% 12.4% Q2'23 Q3'23 Q4'23 Q1'23 Q1'24 11.4% 10.2% 10.4% 10.7% 8.6% OPERATING PROFIT Q2'23 Q3'23 Q4'23 Q1'23 Q1'24 +15% Gross margin Operating Marg
Slide 7: Evolution of Exchange Rates
EVOLUTION OF EXCHANGE RATES Exchange Rate Peru - Chile
Slide 8: Financial Highlights - EBITDA
FINANCIAL HIGHLIGHTS - EBITDA Million Soles (S/ mm) EBITDA +12% +20% +34% 275 273 230 243 204 Q2'2023 Q3'2023 Q4'2023 Q1'2023 Q1'2024 8
Slide 9: Net Income
NET INCOME Million Soles (S/ mm) NET INCOME 1Q23 0 4 45 45 5 3 121 115 1Q'23 Δ Share of profit Δ D&A Δ Gain(loss) to Δ Financial exp Δ Income tax Δ EBITDA 1Q'24 of associated FX Positive variations Negative variations
Slide 10: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) Net Income Adjusted Net Income 121 125 115 111 1st Quarter 1st Quarter 2022 2023 2022 2023 10
Slide 11: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT In Millions Dollars (US$ mm) Cash Balance Debt Maturity and Profile (In Millions US$) (In Millions US$) 101 87 276 77 Non- Current 66 33% 59 59 61 58 52 160 Current 49 48 47 50 67% 44 72 32 5 8 2024 2025 2026 2027 2028 > 2028 Debt Evolution (In Millions US$)
Slide 12: Total Assets and Cash Cycle
TOTAL ASSETS AND CASH CYCLE Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE +4% 210 203 198 198 193 7,000 6,063 90 173 6,365 3 93 54 200 176 170 6,000 163 163 161 165 169 187 193 189 158 154 158 160 2.5 180 153 155 157 151 173 147 5,000 159 165 152 150 156 156 154156 2 149 155 149 150 1
Slide 13: CAPEX
CAPEX In millions US$ 95 32 3 39 1 43 2 62 50 Investment 0 49 34 12 13 12* 7 7 36 8 1 53 20 37 13 15 11 10 5 4 -11 -14 -14 -38 -20 -65 Disinvestment 2019 2020 2021 2022 2023 1Q'24 • Investment in intangible assets reached US$ 0.7 million dollars as of March 2023 * Disclaimer: Capital Expenditures on
Slide 14: Ferreycorp
Ferreycorp CAT UNIMAQ Cat Cat car car) SOLTRAK ¥ TREX ¥ MOTORED ¥ roams #| FARGO