Grupo Argos S.a. · BVC:GRUPOARGOS

Grupo Argos — Investor Presentation (January 2013)

34 slides from Grupo Argos's investor presentation, January 2013

  1. Slide 1: Grupo Argos

    GRUPO ARGOS

  2. 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

  3. Slide 3: Transition process

    Transition process 2012 Structure prior to 2006 After spin-off 61% 50% 50% 100% 70% Cementos Argos CEMENT ENERGY PORTS REAL ESTATE COAL 3

  4. Slide 4: Breakdown of Grupo Argos' Strategic Investments

    Breakdown of Grupo Argos’ Strategic Investments GRUPO ARGOS Strategic Pillars 4

  5. Slide 5: Grupo Argos

    Grupo Argos Consolidated revenues Consolidated EBITDA US$ million US$ million 4.000 1.400 36% 30% 3.500 1.200 28% 26% 3.129 18% 19% 18% 2.899 12% 3.000 2.775 1.000 876 883 2.500 800 756 721 2.020 2.125 2.000 1.837 600 1.495 368 1.500 400 340 270 1.000 730 200 87 500 - - 2005 2006 2007 2008 2009 2010

  6. Slide 6: Portfolio Investment

    Portfolio Investment Stake Value Value Price per Share Company Held (COP$ millon) (US$ million)*** (In COP)* 16% Grupo Suramericana 29,2% 4.169.335 2.316 30.440 6% Grupo Suramericana (P) 9,8% 345.827 192 33.300 6% Bancolombia 2,5% 335.332 186 26.400 Grupo Nutresa 9,8% 951.024 528 21.020 72% Total 5.

  7. Slide 7: Grupo Argos – Portfolio Investment

    Grupo Argos – Porfolio Investment Grupo Argos Portfolio Investment 100 Base: 1th January , 2012 YTD 31/01/2013 +8,4% +8,9% +1,7% -1,4% -0,2% +8,6% +1,8% LTM +36% +105% +9,0% +23% +19% +29% +8,1% After Spin-off +41% +99% +13% +23% +22% +28% +5,9% (07/06/12) 7

  8. Slide 8: Corporate Governance

    Corporate Governance Board of Directors  5 Independent Members  2 non – Independent Members  Independent Chairman of the Board Audit Committee Corporate Governance Committee Compensation Committee  2 Independent Members  2 Independent Members  2 Independent Members  1 Non – Independent Member

  9. Slide 9: Corporate Governance – Listed Companies Board of Directors

    Corporate Governance – Listed Companies Board of Directors GRUPO ARGOS BVC: INVARGOS Board of Directors David Bojanini Rosario Córdoba* Carlos Piedrahita Guillermo Heins* Ana Arango* CEMENTOS Mario Scarpetta* CELSIA ARGOS Esteban Giraldo* BVC: CELSIA BVC: CEMARGOS / ADR level 1: CMTOY.PK CEO: José V

  10. Slide 10: Cementos Argos

    Cementos Argos Colombia’s leader in Cement, Ready Mix Concrete and Aggregates since 1934 5th cement producer in LATAM 4th concrete producer in the US Revenues Sep.2012 (LTM): US$2.4 billion EBITDA Sep.2012 (LTM): : US$439 million Net debt Sep. 2012: US$1.6 billion Portfolio investments: US$ 807 mill

  11. Slide 11: Cementos Argos

    Cementos Argos Consolidated revenues Consolidated EBITDA US$ million US$ million 2,500 600 1,983 17% 18% 16% 19% 18% 19% 1,955 12% 2,000 1,824 500 1,602 1,594 369 1,454 400 1,500 329 303 304 284 300 243 1,000 200 710 83 100 500 - 2005 2006 2007 2008 2009 2010 2011 - 2005 2006 2007 2008 2009 2010 201

  12. Slide 12: Transition process

    Transition process 2006 2012 Prior to 2006 After Merge After Spin-Off 61% 70% Real Estate Assets Ports Assets Cementos Coal Assets Cementos Argos Portfolio Investment Argos Cementos Argos a pure cement player 12

  13. Slide 13: Cementos Argos – Geographic Coverage

    Cementos Argos Geographic Coverage The United States Cement  Second largest producer of the Southeast3  Installed capacity: 3.2mm TPA  Plants: 2  Grinding stations: 1  Ports: 4 Ready-mix  Fourth largest producer in the US  Installed capacity: 9.8mm m3  Plants: 224  Mixers: 1,453 Colombia Ce

  14. Slide 14: Cementos Argos

    Cementos Argos Cement Installed Capacity in LatAm Cements Installed Capacity in Southeast US** Million TPA Million TPA Cemex 43.0 Holcim 3.8 Holcim* 36.3 Votorantim 33.0 Argos 3.2 Camargo Correa 17.8 National Cement of Alabama 1.9 Argos* 12.8 Lafarge* 9.7 Cemex 1.8 Nassau 9.4 Cruz Azul 8.0 Giant Cem

  15. Slide 15: Cementos Argos vs. Benchmark

    1000 1200 1400 1600 0 200 400 600 800 03/01/2003 15 03/01/2004 Argos 03/01/2005 Cementos Argos Cemex 03/01/2006 03/01/2007 Holcim 03/01/2008 03/01/2009 Cementos Argos vs. Benchmark Lafarge 03/01/2010 03/01/2011 03/01/2012 Heidelberg 03/01/2013

  16. Slide 16: Celsia

    Celsia 4th power generator in Colombia 2nd thermal power generator 5th energy distributor in Colombia Revenues Sep.2012 (LTM): US$1,1 billion EBITDA Sep.2012 (LTM): US$386 million Net debt Sep.2012: US$572 million Market cap. Sep. 2012: US$2.0 billion 1.000 employees Zona Franca power generation pla

  17. Slide 17: Transition process

    Transition process Source: Celsia 17

  18. Slide 18: Celsia

    Celsia Consolidated revenues Consolidated EBITDA US$ million US$ million 1,200 700 1,001 600 37% 39% 1,000 916 500 32% 800 26% 386 400 343 600 300 200 400 82 265 259 100 69 200 - 2008 2009 2010 2011 - 2008 2009 2010 2011 EBITDA EBITDA Margin Annual dividend per share Market Cap. COP$ US$ million 2,5

  19. Slide 19: Celsia – Geographic Coverage

    Celsia Geographic Coverage  1,737 MW installed capacity 17 plants in operation  55% hydro, 45% thermo 610MW Power  9,645 GWh-year firm energy 32% Generation (10% of Colombia)  487MW (+28%) in ongoing and under development projects  274 km 220 kV power lines Transmission 40MW 169MW  Seven 220 k

  20. Slide 20: Celsia – Market Share

    Celsia Power generation market share Distribution market share (Demand) Hydro Thermo Other % of installed % of demand 2010 capacity 2010 Codensa 26% EPM 25% Emgesa 20% EPM 26% Isagen 15% Electricaribe 22% Celsia 12% Emcali 7% Gecelca 8% EPSA 4% AES Chivor 7% Others 15% Others 13% 0 1,000 2,000 3,000

  21. Slide 21: Celsia vs. Benchmark and Local Index

    Celsia Celsia vs. Benchmark and Local Index Base 100: Enero 1, 2012 Desempeño YTD 6,7% 2,4% 4,1% 8,3% 0,6% 10,2% 2,9% 0,1% Desempeño desde 2012 45,1% 23,1% 14,1% 10,1% 3,3% 41,1% -0,6% 14,8% Mkt. Cap. (US$ Bn.) 2,3 3,9 5,4 5,2 13,5 2,2 12,3 *As at January 15 2013 21

  22. Slide 22: Colombian Ports As Today

    Colombian Ports As Today Source: Grupo Argos. 22

  23. Slide 23: Geographic Coverage

    Geographic Coverage Compas operating port Port with commercial and operating agreements Port under development 23

  24. Slide 24: Port Facilities – Cartagena Port

    Port Facilities Cartagena Port  22 Hectares  17,000 m2 of warehouse  3.5 millions tons of capacity  Three moving Liebherr with a capacity of 104 ton  Move containers, grains and general cargo 24

  25. Slide 25: Port Facilities – Barranquilla Port

    Port Facilities Barranquilla Port  25 Hectares  Port concession until Feb. 2029  1.5 millions tons of capacity  Ongoing project to move coal, grains and building materials  Potential to move liquid bulk 25

  26. Slide 26: Port Facilities – Tolu Port

    Port Facilities Tolu Port  25 Hectares  Public port since 2011  1.5 millions tons of capacity  Ongoing project to move coal, grains, building materials and cars  31 hectares available for future expansion  Potential to move liquid bulk 26

  27. Slide 27: Port Facilities – Buenaventura Port

    Port Facilities Buenaventura Port  Port Concession until 2021  1.1 millions tons of capacity  100% Bulk 27

  28. Slide 28: Port Facilities – Panama and Houston

    Port Facilities Panama Port Houston Port  5 Hectares  11 Hectares  1.5 millions tons of capacity  1.0 million tons of capacity Source: Grupo Argos. 28

  29. Slide 29: Port Facilities – Project

    Port Facilities – Project Sociedad Puerto Industrial Aguadulce S.A  50% of the project Sociedad Puerto Industrial Aguadulce S.A to manage general cargo and grains 29

  30. Slide 30: 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  Preliminary Company estimates of 873 million tons of resources and 156 million tons of reserves, mainly thermal 30

  31. Slide 31: 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

  32. Slide 32: 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 32

  33. Slide 33: Real Estate Business

    Real Estate Business Barranquilla Barú Other  1,200 hectares  1,300 hectares  2,600 hectares  Area with the highest projected  22 Km of beach front  Located throughout Colombia growth in Barranquilla and Puerto  Beaches, swamps and cliffs  Potential for: Colombia  Near Cartagena, city decla

  34. Slide 34: Ricardo Sierra, Nicolás Valencia

    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

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