Slide 1: Earnings Presentation Third Quarter 2024
Earnings Presentation Third Quarter 2024 October 2024
Slide 2: Highlights: Advanced Dividends' Payment
HIGHLIGHTS Advanced Dividends´ payment • The Board of Directors, in a session held on July 24, 2024, agreed an advance dividend payment of S/ 100 million, which corresponds to fiscal year 2024 results. • This is equivalent of a cash dividend of S/ 0.1064 per share. • It was paid on August 27.
Slide 3: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 20.3% 19.5% 18.6% 18.8% 18.5% 16.7% 17.3% 17.2% 17.3% 16.8% 16.7% 15.9% 16.3% 14.2% 14.0% 14.4% 14.1% 12.8% 13.4% 13.2% 12.2% 12.0% 12.2% 11.2% 11.3% 10.9% 10.7% 10.7% 9.9% 9.4% 9.1% 8.7% 9.4% 9.5% 8.3% 8.6% 8.4% 8.4% 9.4% 7.3% 7.7% 7.6% 7.6% 7.7% 5.4% Mar-21 Ju
Slide 4: Introduction: GDP and Investment
INTRODUCTION GDP (Var %) Public & Private Investment (Var %) 3.6% 3.2% 2.7% -0.6% 16.2% 2022 2023 3Q24 2024(E) 14.0% 5.1% 1.4% 3.7% 2.5% Mining and Construction GDP evolution (Var %) -0.5% -7.1% 2022 2023 3Q24 2024(E) Private Invest. Public Invest. 8.4% 4.1% 4.0% 4.8% 3.4% 2.0% -2.4% Private investm
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES +6% 6,995 +12% MARGINS 6,593 5,614 4,992 26.9% 26.0% 26.8% 25.8% 16.5% 15.1% 13.6% 13.6% 2022 2023 YTD 2023 YTD 2024 12.7% 11.6% 10.0% 9.8% OPERATING PROFIT 2022 2023 YTD 2023 YTD 2024 +6% Gross margin Operating Margin Ebitda Margin +32% 700 659 649 A
Slide 6: Financial Highlights - EBITDA
FINANCIAL HIGHLIGHTS - EBITDA Million Soles (S/ mm) EBITDA +25% 848 -2% 678 +3% 275 289 283 Q1'24 Q2'24 Q3'24 YTD 2023 YTD 2024 6
Slide 7: Evolution of Exchange Rates
EVOLUTION OF EXCHANGE RATES 7
Slide 8: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) Net Income Adjusted Net Income 396 389 327 292 As of 3rd Quarter As of 3rd Quarter 2023 2024 2023 2024 8
Slide 9: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES -27% +16% -41% -25% -22% 498 +13% 143 115 322 373 369 84 96 326 75 Q4'23 Q1'24 Q2'24 Q3'23 Q3'24 Q4'23 Q1'24 Q2'24 Q3'23 Q3'24 SPARE PARTS AND SERVICES RENTAL AND USED +0% -4% +6% +7% +27% -19% 1,072 1,075 1,
Slide 10: Financial Highlights
Adjj.Gross Margin 3Q 2023 = 26.7%, 3Q 2024 = 26.2% FINANCIAL HIGHLIGHTS Adj. Operating Margin 3Q 2023 = 10.7%; 3Q 2024 = 11.3% Million Soles (S/ mm) Adj. Ebitda Margin 3Q 2023 = 14.1% ; 3Q 2024 = 14.8% SALES MARGINS +2% 26.7% 27.5% 25.5% 26.2% 26.2% -7% +7% 2,003 1,912 1,830 1,872 1,786 15.0% 15.4%
Slide 11: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) NET INCOME 3Q24 0 37 40 101 163 0 6 65 3Q'23 Δ Share of profit Δ D&A Δ Gain(loss) to Δ Financial exp Δ Income tax Δ EBITDA 3Q'24 of associated FX Positive variations Negative variations
Slide 12: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) Net Income Adjusted Net Income 163 134 136 125 111 114 121 104 115 111 106 65 1st Quarter 2nd Quarter 3rd Quarter 1st Quarter 2nd Quarter 3rd Quarter 2023 2024 2023 2024 12
Slide 13: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT In Millions Dollars (US$ mm) Cash Balance Debt Maturity and Profile (In Millions US$) (In Millions US$) 318 103 Non-Current 86 35% 80 59 63 62 59 54 55 53 50 53 Current 49 42 65% 37 93 73 61 Mar'21 Jun'21 Sept'21 Dic'21 Mar'22 Jun'22 Sept'22 Dic'22 Mar'23 Jun
Slide 14: Total Assets and Cash Cycle
TOTAL ASSETS AND CASH CYCLE Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE +5% 210 203 198 198 193 7,000 6,223 353 150 223 6,551 3 176 98 200 170 163 163 161 165 169 187 193 189 158 154 158 160 6,000 180 153 155 157 151 151 2.5 173 147 143 159 165 152 150 156 156 154156 5,000 2 149 155
Slide 15: Capex
CAPEX In millions US$ 95 32 3 46* 39 1 1 62 43 2 50 55 Investment 0 49 34 12 13 36 17 7 7 8 53 20 37 22 15 11 10 -14 -14 -20 -38 -49 -65 Disinvestment 2019 2020 2021 2022 2023 3Q'24 • Investment in intangible assets reached US$ 0.9 million dollars as of September 2023 * Disclaimer: Capital Expenditu
Slide 16: Ferreycorp
Ferreycorp CAT UNIMAQ Cat Cat car car) SOLTRAK ¥ TREX ¥ MOTORED ¥ roams #| FARGO