Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q1 2014 Earnings Presentation
30 slides from Grupo Argos's earnings presentation, 2014
Slide 1: 1Q2014 Results Presentation
1Q2014 RESULTS PRESENTATION
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
Slide 3: Highlight
Highlight Revenues Ebitda Net Income 15% growth 11% growth 6% Growth 4% cement and 14% ready Energy generation – 11% of Increase its revenues 5x and Aventura shooping mix volumes increase. the colombian market. Ebitda 81% in comparison center investment with 1Q2013 3
Slide 4: Consolidated Results
Consolidated Results 1Q Thousand million COP$ 2014 2013 Var. (%) Revenues 2.042 1.782 15 Costs & SG&A 1.602 1.395 15 Operating Profit 440 388 13 EBITDA 575 517 11 EBITDA Margin (%) 28,2 29,0 Million US$ Revenues 1.016 995 2 Costs & SG&A 797 779 2 Operating Profit 219 216 1 EBITDA 287 288 (0) 4
Slide 5: Consolidated Results - Revenues
Consolidated Results -Revenues + 31 +4 2.042 + 28 + 200 +4 +4 -1 - 12 1.782 Revenues Cement Energy Coal Ports Real Estate Corporative Divestment Dividends Revenues March 2013 March 2014 5
Slide 6: Consolidated Results - Ebitda
Consolidated Results - Ebitda +7 +4 575 +4 +2 + 20 -6 -2 + 28 517 EBITDA March Cement Energy Coal Ports Real Estate Corporative Divestment Dividends EBITDA March 2013 2014 6
Slide 7: Consolidated Results - Net Income
Consolidated Results – Net Income +1 +3 +0 +9 -3 121 +4 -6 115 -2 Net Income Cement Energy Coal Ports Real Estate Corporative Divestment Dividends Net Income March 2013 March 2014 7
Slide 8: Business Results
Business Results Million COP$ Cement Var. Energy Var. Others* Var. Holding Var. Elimination Consolidated Var. Revenues 1.295.431 18% 577.332 -2% 65.311 118% 197.280 33% (92.963) 2.042.391 15% Gross Income 330.025 34% 225.007 10% 24.163 220% 164.385 11% (79.583) 663.998 23% Gross Margin 25,5% 39,0% 3
Slide 9: Consolidated Balance Sheet Mar. 2014
Consolidated Balance Sheet Mar. 2014 March 2014 Assets 35,0 COP$ billones 30,0 Short Term 25,0 6,6 11% 13% 20,0 Permanent 10,4 Investments 15,0 30,0 10,0 26% PP&E 5,0 13,0 50% 0,0 Assets Liab. & Equity Other Long Term Asstes Equity Liabilities Minority Interest December 2013 Liabilities 30,0 Financi
Slide 10: Non-Consolidated Results
Non-Consolidated Results 1Q Thousand million COP$ 2014 2013 Var. (%) Revenues 226 151 50 Costs & SG&A 77 16 374 Operating Profit 149 135 11 EBITDA 150 135 11 EBITDA Margin (%) 66,2 89,6 Million US$ Revenues 111 84 33 Costs & SG&A 38 9 NA Operating Profit 73 75 (1) EBITDA 74 75 (2) 10
Slide 11: Non-consolidated Balance Sheet Mar. 2014
Non-consolidated Balance Sheet Mar. 2014 March 2014 Assets 18,0 16,0 COP$ billones 2,0 14,0 4% Short Term 15% 12,0 10,0 8,0 16,2 Permanent 14,3 Investments 6,0 4,0 2,0 PP&E 81% 0,0 Assets Liab. & Equity Assets Equity Liabilities December 2013 Liabilities 18,0 16,0 1,8 Financial Oblig. 14,0 COP$ bill
Slide 12: Argos (Cement)
ARGOS NG 12
Slide 13: Jan – Mar. Volumes
Jan – Mar. Volumes Sales Distribution Cement + 145 Colombia 17% + 96 2.740 Caribbean & 7% CA 46% + 44 Export 2.639 30% USA - - 184 Southeast +4% +21% -47% +27% +4% YTD 2013 Colombia Caribbean & CA Export USA - YTD 2014 Southeast Ready mix concrete Sales Distribution Colombia + 71 2.376 + 115 33% 36%
Slide 14: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) COP$ Billion COP$ Billion 1.600 300 +12% +18% 261 1.295 232 1.200 2014 1.095 20 200 800 100 400 2013 21 0 0 2013 2014 2013 2014 0 10 20 30 2013 2014 1Q 1Q 14
Slide 15: Merielectrica (termo) - Santander
Merielectrica (termo)- Santander 15
Slide 16: Jan. – Mar. Volumes Gx y Dx
Jan. – Mar. Volumes Gx y Dx Generated Energy in GWh + 238 1.739 1.615 + 37 - 151 +44% -21% +30% +8% YTD 2013 Celsia Zona Franca Celsia EPSA YTD 2014 Distributed Energy in GWh Generation Tecnology Type + 24 535 36% 511 Hydro Termo 64% +5% YTD 2013 EPSA YTD 2014 16
Slide 17: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) COP$ Billion COP$ Billion -2% 600 589 577 300 +10% 231 2014 40 211 400 200 200 100 2013 36 0 0 2013 2014 2013 2014 0 20 40 60 1Q 1Q 2013 2014 17
Slide 18: Situm urbanism development - Barranquilla
Situm urbanism development - Barranquilla 18
Slide 19: Highlights
Highlights Project Lago Alto Property Business Proyecto Miramar- Barranquilla The stage 16 has a total area of 9,5 hectares. Acquisition of commercial stores in Aventura shopping center in Medellin Potential construction of 1.127 residential Colombia. units. 19
Slide 20: Financial Results*
Financial Results* Revenues EBITDA Margen EBITDA (%) COP$ billion COP$ billion 5 32 28,7 3,9 4 3 24 2014 14 +214% 2 +528% 1 16 0 2013 2014 -1 8 -75 2013 4,6 -2 -3 0 2013 2014 -4 -3,4 -100 -50 0 50 1Q 1Q 2013 2014 20 *This information includes all the Real Estate operations (Situm and Grupo Argos)
Slide 21: Ports
rN A 4, GRUPO ARGOS
Slide 22: Highlights
Highlights Barranquilla Port Facility Aguadulce Project Progress continues on the construction of Construction of the first 14 km of road are the storage project of 240,000 barrels of completed, 7km to complete the road and diesel. begin the construction of the port. 22
Slide 23: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) COP$ Billion COP$ Billion 31 10,1 10 30 +31% 2014 32 24 8 +81% 20 6 5,6 4 10 2013 23 2 0 0 2013 2014 2013 2014 0 10 20 30 40 2013 2014 1Q 1Q 23
Slide 24: Operational Figures
Operational Figures # Containers Moved # Containers Imp and Exp. Bulk –General Cargo # Tons -16% +31% 6.000 -8% 923 30.092 30.000 900 25.308 4.695 4.337 705 4.000 20.000 600 30.092 923 25.308 4.695 2.000 4.337 10.000 705 300 Miles 0 0 0 2013 2014 2013 2014 1Q 2013 2014 1Q 1Q 141 + 11 126 +2 -1 - 27
Slide 25: Coal
rN Lo GRUPO ARGOS
Slide 26: Highlights
Highlights Sator sales volumes increased 79% to 132,000 tons in the first quarter of 2014 compared to 74 thousand tons in the first quarter of 2013. 26
Slide 27: Financial Results
Financial Results Revenues EBITDA EBITDA Margin (%) COP$ billion COP$ billion 3 20 2 16,2 1 2014 -4 15 0 +78% 2013 2014 -1 -0,7 10 9,1 -2 -3 5 -53 2013 -4 -5 0 -4,8 2013 2014 -6 -60 -40 -20 0 1Q 1Q 1Q 27
Slide 28: Grupo Argos – Debt Profile at March 2014
Grupo Argos – Debt Profile at March 2014 $COP 943 billion Convertible bonds 750 200 500 100 186 200 584 250 135 128 96 100 63 0 0 6 12 18 2015 apr-14 may-14 jun-14 jul-14 agu-14 sep-14 mar-15 2015 2018 2020 Convertible Bonds Bank Loans Cost of Grupo Argos’ Debt (%) 6,1% 6,0% 6,0% 5,9% 5,8% 5,8% 5,7%
Slide 29: Portfolio Investment
Portfolio Investment Strategic Investment * Portfolio Investments Grupo Argos Investments* Food Ports Coal Ports 6% 2% 3% 3% Grupo Nutresa 18% Financial Cement Real Estate Bancolombia Services 35% 22% 5% Cement Grupo Sura (P) 28% 53% 4% Grupo Sura Energy 73% Coal 19% 2% Energy Real Estate 13% 15% $1
Slide 30: www.grupoargos.com
www.grupoargos.com Ricardo Sierra Nicolás Valencia CFO Investor Relations nvalenciap@grupoargos.com 30