Sociedad Matriz Saam S.a. · BCS:SMSAAM
Sociedad Matriz Saam — Investor Presentation (December 2019)
25 slides from Sociedad Matriz Saam's investor presentation, December 2019
Slide 1: Company Presentation December 2019
COMPANY DECEMBER 2019 PRESENTATION
Slide 2: SAAM at a Glance
asadam. O1 SAAM AT A GLANCE OOo)
Slide 3: SAAM at a Glance
SAAM AT A GLANCE SAAM AT A GLANCE BUSINESS UNITS • SAAM provides port and offshore towage services, port terminal and logistics services • Present in more than 70 ports and in 12 countries in the Americas • Quoted on the Santiago Stock Exchange Major tugboat operator Operates in 6 Warehousing, in the
Slide 4: Ownership Structure
SAAM AT A GLANCE OWNERSHIP STRUCTURE 83% 17% A Quiñenco company, one of Chile’s largest LUKSIC MINORITY business conglomerates GROUP SHAREHOLDERS INDUSTRIAL/ FINANCIAL SERVICES (CHILEAN STOCK 8% 65% EXCHANGES) 6% Quiñenco (Luksic Group) Other Institutions 52% 34% Pension Funds MINING MARKET Foreign
Slide 5: SAAM Summarized Structure 2019
SAAM AT A GLANCE SAAM SAAM SUMMARIZED INVERSIONES SPA (100%) STRUCTURE 2019 SM SAAM ACTIVOS SA MUS$1.480.919 SAAM SAAM SAAM TOWAGE PORTS LOGISTICS (100%) (100%) (100%) México Guatemala STI Puerto Aerosan Inmobiliarias Caldera 100% 70% 50% 51% 50% 100% Canadá Honduras SVTI TPG Aerosan Empresas Person
Slide 6: SAAM Overview
asadam. O2 SAAM OVERVIEW OOo)
Slide 7: Attractive Investment Fundamentals
SAAM OVERVIEW ATTRACTIVE INVESTMENT FUNDAMENTALS Prestigious Controlling shareholders Commitment to Broad sustainability geographic principles diversification (Social, Ethical (+80% EBITDA and Economic out of Chile (1)) Largest Towage operator in the Sound financial Americas position (3rd at world (
Slide 8: Experienced Board and Management
SAAM OVERVIEW EXPERIENCED BOARD AND MANAGEMENT BOARD OF DIRECTORS SENIOR MANAGEMENT NAME POST PROFESSION Chief Executive Officer Chief Financial Officer Chief Development Officer Macario Valdés Juan Carlos Riedel Javier Olivos Oscar Hasbún Chairman Commercial Engineer Jean-Paul Luksic Vice- Chairman
Slide 9: Broad Geographic Diversification
SAAM OVERVIEW BROAD GEOGRAPHIC DIVERSIFICATION • Operations in 12 countries in the Americas • +80% EBITDA from outside Chile (+65% EBITDA Equity ownership (2)) CANADA EBITDA PROFORMA EBITDA LTM USA LTM (1) EQUITY OWNERSHIP (2) MEXICO GUATEMALA Chile South COSTA RICA PANAMA America ex Chile COLOMBIA
Slide 10: Stable Returns
SAAM OVERVIEW STABLE RETURNS(1) REVENUES (MUS$) EBITDA AND EBITDA MG (MUS$) Towage Ports Logistics EBITDA Ebitda Mg 515 468 58 426 394 387 69 386 112 45 36 32% 94 271 218 125 115 200 207 28% 28% 22% 23% 25% 189 185 182 187 141 144 118 146 128 92 91 107 2015 2016 2017 2018 9M2018 9M2019 2015 2016 201
Slide 11: Commitment to Sustainability Principles
SAAM OVERVIEW COMMITMENT TO SUSTAINABILITY PRINCIPLES Building mutually Our business values and Our motivation is to create value for cooperative relationships ethics guide our behavior. the company and society. with our employees is a corporate priority. A continual challenge is contribute to makin
Slide 12: Towage Division
SAAM OVERVIEW TOWAGE DIVISION Main tug operator in the Americas
Slide 13: Major Operator in the Americas
TOWAGE DIVISION MAJOR OPERATOR IN THE AMERICAS • Leader in the provision of safe, reliable and CANADA efficient towage services • Main services: • Harbour towage • Oil & gas MEXICO GUATEMALA • Salvage COSTA RICA PANAMA • Special services ECUADOR • Single model: SAAM Towage BRAZIL • State of the art
Slide 14: Acquisition of Boskalis's Stake for MUS$194
TOWAGE DIVISION ACQUISITION OF BOSKALIS’S STAKE FOR MUS$194 • Acquisition of 49% of Canada, Mexico and CANADA Panama and 50% of Brazil (No. 1 West Coast) • Enterprise value at closing(@100%) MUS$528 No. Tugs 23 • Purchase Price MUS$194 • Financing: app. 50% cash – 50% debt MEXICO (No. 1) No. Tugs 18
Slide 15: Unmatched Harbour Towage Operations
TOWAGE DIVISION UNMATCHED HARBOUR TOWAGE OPERATIONS 1 CHILE Arica Iquique Patillos Mejillones Antofagasta Chañaral 6 Huasco +60 PORTS WITH Coquimbo +1,3OO TOWAGE Quintero EMPLOYEES OPERATIONS Valparaíso 4 ECUADOR San Antonio Guayaquil San Vicente Manta Lirquén Esmeralda 9 Talcahuano Puerto Bolívar 6
Slide 16: Slide 16
Slide 17: Port Terminals
PORT TERMINALS PORT TERMINALS 10 PORT TERMINALS Including San Antonio Terminal Internacional The leading container port of Chile
Slide 18: Diversified Terminal Portfolio
PORT TERMINALS DIVERSIFIED TERMINAL PORTFOLIO HIGHLIGHTS TEUS TRANSFERRED (THOUSANDS)(1) Subsidiaries Affiliates 3,402 3,014 • Operates in 10 port terminals in 6 countries 2,675 2,743 2,510 2,640 1.640 1.706 • 5th major port operator in South America 1.930 2.030 1.255 1,313 1.374 1.696 1.255 1.327 7
Slide 19: 5th Major Port Operator in South America
PORT TERMINALS 5TH MAJOR PORT OPERATOR IN SOUTH AMERICA (1) TOTAL SHARE OF EQUITY TEU IN EQUITY THROUGHPUT RANK OWNER/OPERATOR THROUGHPUT (’000 REGIONAL THROUGHPUT LOCATION OF MAIN TERMINAL OPERATIONS (’000 TEU) TEU) (%) Contecar (SPRC) 2,594 2,594 9.2% Cartagena (Colombia) Buenos Aires, Itajai, Pec
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Slide 21: Logistics Division
LOGISTICS DIVISION LOGISTICS DIVISION
Slide 22: Logistics Chile
COMPANY PRESENTATION LOGISTICS CHILE HIGHLIGHTS SERVICES • Operates 3 bonded warehouses (Iquique, Santiago and Valparaiso – Chile) • Logistic integral services for importers and exporters • Warehousing & CrossDocking services Warehouse Transport Airport • Cold Warehousing 6.000 tons capability Manag
Slide 23: Logistics; Aerosan – Airport Operations
COMPANY PRESENTATION LOGISTICS; AEROSAN – AIRPORT OPERATIONS HIGHLIGHTS • Providing airports and ground handling services since 1980 • Presence in 8 airports in 3 countries in the Americas (Chile, Colombia and Ecuador) • Cargo handling, ground handling and passenger services +300.000 + 1 MILLION +1,
Slide 24: Visit Our Annual Report
VISIT OUR ANNUAL REPORT
Slide 25: Questions?
http://www.saam.com ir@saam.cl QUESTIONS? PAULA RAVENTÓS IRO praventos@saam.cl +56 2 27318213
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