Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q3 2016 Earnings Presentation
38 slides from Grupo Argos's earnings presentation, 2016
Slide 1: Presentation of Results 3Q2016
Presentation of Results 3Q2016
Slide 2: Important Note
IMPORTANT NOTE This presentation contains certain forward-looking information and statements related to GRUPO ARGOS and its subsidiaries that are based on knowledge of current events, expectations and forecasts, circumstances, and assumptions of future events. Many factors could cause the future res
Slide 3: Progress in the Consolidation of Grupo Argos as an Infrastructure Holding Company
Progress in the Consolidation of Grupo Argos as an Infrastructure Holding Company in Latin America Positioning as an important player in road and airport concessions in Colombia and the region. TOB Process up to 100% Efficient allocation of capital: Use of the investment portfolio to redirect
Slide 4: Grupo Argos as a Strategic Architect
Grupo Argos as a Strategic Architect Cementos Argos strengthens its position in Acceleration of the land the USA with the acquisition of the divestment strategy capturing Martinsburg Plant and diversifies its basis of the maximum value of each revenue. property. Operational efficiency program, BEST,
Slide 5: Grupo Argos and Argos Now on the Dow Jones Sustainability World Index
Grupo Argos and its Affiliated Company, Argos, Are Now on the Dow Jones Sustainability World Index Fourth consecutive year In our general score, we went from Recognition of good practices in economic, environmental and social sustainability of companies listed on stock markets Reflection of ou
Slide 6: Consolidated Results
Consolidated Results 3Q 2016 January - September Billions of COP 2016 2015 Var. (%) 2016 2015 Var. (%) Revenue 3,362 3,212 5 10,814 8,702 24 Costs and Expenses 2,708 2,740 -1 8,753 7,225 21 Operating Profit 622 454 37 1,868 1,361 37 EBITDA 883 683 29 2,737 2,118 29 EBITDA Margin (%) 26.25 21.25 25.3
Slide 7: Consolidated Results
Consolidated Results Revenue EBITDA EBITDA Margin (%) Billions of COP Billions of COP 10.814 2.737 8.702 3.362 26,2 2.118 883 2016 26,3 +5% +29% 3.212 683 23,7 3.396 892 +19% 2.850 765 +17% 4.056 21,3 2.640 963 670 2015 26,9 +54% +44% 2015 2016 25,4 2015 2016 1Q 2Q 3Q 7
Slide 8: Consolidated Results - Revenue
Consolidated Results - Revenue 670 0 52 10.814 644 8 752 - 15 8.702 +24% Ingresos sep 2015 Cemento Energía Carbón Inmobiliario Concesiones Corporativos Portafolio Ingresos junio 2016 Positive contribution of the cement business with 13% growth, leveraged by the revenue in the USA. Contribution o
Slide 9: Consolidated Results – EBITDA
Consolidated Results – EBITDA 339 2.737 -1 - 28 170 5 7 133 2.113 +30% EBITDA sep 2015 Cemento Energía Carbón Inmobiliario Concesiones Corporativos Portafolio EBITDA junio 2016 Positive contribution from the cement business. The United States Regional Division showed a 30.8% increase in the EBITDA
Slide 10: Consolidated Results – Net Profit
Consolidated Results – Net Profit + 137 +7 - 254 + 17 + 134 880 + 115 +3 + 86 635 +39% Utilidad Neta sep Cemento Energía Carbón Inmobiliario Concesiones Compas Portafolio Eliminaciones EBITDA junio 2015 2016 10
Slide 11: Consolidated Balance Sheet - Sept 2016
Consolidated Balance Sheet - Sept 2016 September 2016 Assets Trillions of COP Short-term Corto Plazo (ST) 20% 15% 19,8 Activos Assets Long-term (LT) Investments Inversiones Permanentes 42,5 Patrimonio Equity 25% PP&E PP&E 22,8 Pasivo Liabilities 40% Activos Pasivo & Patrimonio Other,LPLT Otros Decem
Slide 12: Separate Results
Separate Results 3Q 2016 January - September Billions of COP 2016 2015 Var. (%) 2016 2015 Var. (%) Revenue 193 695 -72 475 992 -52 Costs and Expenses 101 350 -71 171 452 -62 Operating Profit 89 332 -73 291 521 -44 EBITDA 90 333 -73 304 533 -43 EBITDA Margin (%) 46.8 47.8 63.9 53.8 Difference in re
Slide 13: Separate Balance Sheet - Sept 2016
Separate Balance Sheet - Sept 2016 September 2016 Assets Trillions of COP 4% Corto Plazo 1% 1,8 11% Activos Inversiones Permanentes 15,9 Patrimonio 14,1 PP&E Pasivo 85% Activos Pasivo & Patrimonio Otros LP December 2015 Liabilities Trillions of COP Otros CP 8% 20% 2,0 Bonos LP Activos 30% 16,2 14,1
Slide 14: Debt Profile
Debt Profile 550 3Q15 3Q16 COP 1.44 390 COP 254 Short-term Corto Plazo (ST) Long-term Largo Plazo (LT) 1.68 TRILLION TRILLION 132 115 Straight Bonos Bonds Ordinarios (USD 513 million)* 2017 2019 2020 2024 2029 4.1x 3.6x * Figures in billions of Colombian pesos. Cost of Individual Debt Gross Debt Net
Slide 15: Investment Portfolio
Investment Portfolio September 2015 September 2015 Cemento Cement Cemento Cement Energía Energy Energy Energía Concesiones Concessions Concessions Concesiones COP 18.3 Inmobiliario Real Estate + 13.6% COP 20.8 Inmobiliario Real Estate Trillion Financial Servicios Trillion Services Financieros Financ
Slide 16: Cement Business
ARGOS rN - GRUPO ARGOS
Slide 17: Strengthening of the U.S. Regional Division after Acquisition of the Martinsburg Plant
Strengthening of the U.S. Regional Division after Acquisition of the Martinsburg Plant Acquisition of the Martinsburg Plant A 10% increase in the Company’s total installed capacity. Assets with a positive EBITDA in the market with great growth potential. FTC approval received. The transaction
Slide 18: Third Quarter Volumes
Third Quarter Volumes Cement Cement Sales 3.843 -370 +34 +55 3.562 Colombia 28% 37% Caribe y CA 35% USA - Sureste 2015 Colombia Caribe y CA USA - Sureste 2016 Concrete Concrete Sales 3.224 -254 -3 +21 -148 Colombia 2.840 28% 28% Caribe y CA 4% USA - Sureste USA - Surcentro 40% 2015 Colombia Caribe y
Slide 19: Financial Results
Financial Results Revenue EBITDA EBITDA Margin (%) Billions of COP Billions of COP 1.256 6.513 1.111 5.763 395 18,7 2.111 -9% -8% 2016 19,9 433 2.284 19,2 2.189 436 +20% +24% 1.829 351 19,0 2.213 425 2015 20,3 1.647 +34% 320 +33% 18,6 2015 2016 2015 2016 1Q 2Q 3Q Growth of 13% in the year-to-date
Slide 20: Energy Business
Energy Business
Slide 21: Outstanding Results due to Consolidation of Trend
Outstanding Results due to Consolidation of Trend Colombia: REVENUE Water levels with trend close to the historical average for the third COP 777 quarter of 2016 = 94%. Rainy season in the central and eastern areas of the country. Investments of COP 88 billion were made: EBITDA COP 20 billio
Slide 22: GX and DX Energy Volumes - Third Quarter
GX and DX Energy Volumes - Third Quarter Generation in GWh Power Generated in GWh 8.129 7.754 1.446 -165 6.170 +1 5.541 +101 -38 1.345 5.039 1.616 1.729 2.195 2012 2013 2014 2015 3Q16 2015 Celsia Zona Franca EPSA Centroamérica 2016 Celsia Energy Sales in GWh Energy Traded (Reg. + Non-reg.) 2.097 10.
Slide 23: Financial Results
Financial Results Revenue EBITDA EBITDA Margin (%) Billions of COP Billions of COP 3.001 775 31,7 777 2.353 2016 30,5 -3% 246 566 +61% 19,6 797 862 152 263 +13% +31% 765 201 19,1 2015 26,3 1.363 267 26,9 213 791 +25% +72% 2015 2016 2015 2016 1Q 2Q 3Q Greater power generation, up 13% with normaliza
Slide 24: Concessions Business
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Slide 25: Simplification of Structure, Positioning as Main Company in Colombia's Infrastructure Sector
Simplification of Structure, Positioning Itself as One of the Main Companies in Colombia's Infrastructure Sector Simplification of the strategy and focusing of the portfolio. From minority shareholder to a controlling shareholder in Pacifico 2. Exchange for: Hatovial (22%) Vías del Nus (22%)
Slide 26: Operating Figures
Operating Figures Average Daily Traffic (Road Concessions) 81.520 + 997 - 4.719 78.481 - 442 + 170 + 926 + 29 2T2015 Autopistas del Café Malla Vial del Meta / Santa Marta Hatovial Auitopistas del Bulevar Turistico del 2T2016 Llanos Paraguachón Nordeste (R.D.) Atl. (R.D.) Airport Traffic Revenue 26.3
Slide 27: Financial Results
Financial Results Revenue EBITDA EBITDA Margin (%) Billions of COP Billions of COP 372 735 118 45 541 261 249 2016 56 +21% +19% 52 216 99 123 221 +47% +61% 150 76 46 252 131 2015 51 175 +44% 73 +79% 42 2015 2016 2015 2016 1Q 2Q 3Q Considerable increase in revenue due to good performance of concess
Slide 28: Real Estate Business
Real Estate Business Urban Development, Barranquilla
Slide 29: Acceleration of the Development Strategy of the Land and Real Estate Business
Acceleration of the Development Strategy of the Land and Real Estate Business Resolution 0330 / November 1, 2016, was issued, which Creation of the Pactia Private Capital Fund. approves the subdivision license for the Cala Blanca Partnership with Protección to develop the real estate fund. pro
Slide 30: Operating Figures – Real Estate Portfolio
Operating Figures – Real Estate Portfolio Year-to-Date Shareholding in PA Pactia (%)* GLA 470,916 m2 3% 4% 39,0% 40,0% 40,0% 40,1% 11% Industry Industria Commerce Comercio Grupo Argos 42% Offices Oficinas Conconcreto 61,0% 60,0% 60,0% 59,9% Personal Storage Autoalmacenamiento 39% Hotels Hoteles 2015
Slide 31: Consolidated Financial Results of the Real Estate Business
Consolidated Financial Results of the Real Estate Business Revenue* EBITDA EBITDA Margin (%) Billions of COP Billions of COP -1% 34 77 76 76 29 13 2016 26 -39% +74% 22 47 13 24 8 -80% 2 -57% 10 10 27 18 40 2015 56 -9 -204% 13 +219% -75 2015 2016 2015 2016 1Q 2Q 3Q The year-to-date revenue as of Se
Slide 32: Port Business
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Slide 33: Operating Figures
Operating Figures Mobilized Containers Import and Export Containers 54.151 17.743 14.982 20.260 6.340 -18% -50% 37.430 5.199 10.135 16.711 -18% 5.841 -13% 13.721 5.110 17.180 -21% 13.574 5.562 -16% 4.673 2015 2016 2015 2016 Tons of Bulk and General Mobilized Motor Vessels Cargo +0% 127 2.689.024 2.7
Slide 34: Financial Results
Financial Results* Revenue Billions of COP EBITDA Billions of COP EBITDA Margin (%) 116 100 43 38 27 35 2016 -22% 29 15 -45% 35 8 41 39 33 14 -15% -17% 11 39 2015 35 39 38 15 16 -3% +6% 38 2015 2016 2015 2016 1Q 2Q 3Q Decrease in revenue explained by the fact that the Cartagena operations are now
Slide 35: Appendices
Appendices rN - GRUPO ARGOS
Slide 36: Grupo Argos – Contribution by Business
Grupo Argos – Contribution by Business (1) Elimination using the equity method of the Holding Company, intercompany revenue, exclusion of Compas. (2) Elimination using the equity method of the Holding Company, intercompany revenue, exclusion of Compas, Celsia and Cementos Argos retailers, recovery o
Slide 37: Grupo Argos – Contribution by Business
Grupo Argos – Contribution by Business Revenue EBITDA 0% 1% 1% Cement Cemento Cement Cemento 7% 6% 22% Energy Energía Energy Energía 0% Concessions Concesiones 41% Concessions Concesiones 1% Real Estate Inmobiliario Real Estate Inmobiliario 1% 27% 58% 11% Port Puertos Port Puertos Coal Carbón Coal C
Slide 38: Thank You
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