Sociedad Matriz Saam S.a. · BCS:SMSAAM
Sociedad Matriz Saam — Q3 2017 Earnings Presentation
23 slides from Sociedad Matriz Saam's earnings presentation, Nov 9, 2017
Slide 1: Results Presentation 3Q2017
RESULTS Presentation 3Q2017 November 9th, 2017
Slide 2: Disclaimer
DISCLAIMER This presentation provides general information about Sociedad Matriz SAAM S.A. (“SMSAAM”) and related companies. It consists of summarized information and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representation or warrantie
Slide 3: Agenda
AGENDA Logística 1. Highlights 3Q2017 2. Industry Overview 3. Results 3Q2017 4. Outlook 2017 3 3
Slide 4: Agenda
AGENDA Logística 1. Highlights 3Q2017 2. Industry Overview 3. Results 3Q2017 4. Outlook 2017 4 4
Slide 5: 1. Highlights 3Q2017
1. HIGHLIGHTS 3Q2017 Corporate: • First Sustainability Report released (2nd year on DJSI Chile) • Progress in managing safety-related risks (see annex one page 23) • Board changes (new chairman and new director) • New corporate offices • Greater financial discipline and management of cash flows from
Slide 6: 1. Highlights 3Q2017
1. HIGHLIGHTS 3Q2017 Towage Services: • Two new Pemex contracts in Mexico (6 in 3Q2017 vs 4 in 2Q2017) • New contracts took effect at private terminals in Chile and Panama • New tug began operating in Brazil Logistics: • New warehousing and transportation contracts awarded for retail and food and be
Slide 7: Agenda
AGENDA Logística 1. Highlights 3Q2017 2. Industry Overview 3. Results 3Q2017 4. Outlook 2017 7 7
Slide 8: 2. Industry Overview
2. INDUSTRY OVERVIEW • Shipping companies posted improved results for first half of • Moderate growth in container shipping 2017 rates over 2016 Operating Results (MUS$) (1) CCFI INDEX (2) 1400 800 1H-2016 1H-2017 1200 600 400 1000 200 + 800 0 600 +21% YoY -200 -400 - 400 200 -600 0 (1)Cosco Shippin
Slide 9: Agenda
AGENDA Logística 1. Highlights 3Q2017 2. Industry Overview 3. Results 3Q2017 4. Outlook 2017 9 9
Slide 10: 3. Results 2017: Financial Summary
3. RESULTS 2017 Financial Summary 3Q2017 3Q2016 Δ Δ% YTD 2017 YTD 2016 Δ Δ% Th US$ (1) Revenues Proforma (2) 175,199 156,648 18,550 11.8% 502,854 462,769 40,085 8.7% EBITDA Proforma(2) 47,996 42,431 5,565 13.1% 135,134 130,513 4,620 3.5% EBITDA Mg 27.4% 27.1% --- 31 bsp 26.8% 28.2% --- -133 bsp Net
Slide 11: 3. Results: Trends in Net Income
3. RESULTS: TRENDS IN NET INCOME ThUS$ (1) 7.4% 7.3% 6.5% 5.4% 468 4.3% Net Mg. 4.1% 1,115 Puerto Caldera 11,061 11,480 10,213 2.8% Net Income Proforma 229 9,066 6,449 6,162 4,256 1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 (1) Net income proforma does not include net income from Tramarsa in 20
Slide 12: 3. Results 3Q2017: Net Income
3. RESULTS 3Q2017: NET INCOME ThUS$ 15,014 4,801 610 Tramarsa 2,920 2,070 330 1,249 10,213 9,534 3Q2016 Towage Port TPG + Port Terminals Logistics Chile Others 3Q2017 Caldera Chile » Stable earnings in towage division » Tighter competition at Chilean port terminals » Addition of Puerto Caldera and i
Slide 13: 3. Indebtedness: Sound Financial Position
3.INDEBTEDNESS: SOUND FINANCIAL POSITION Financial Debt Maturity Profile(1,2) (Sept.2017, MUS$) Net Financial Debt (1)(2)(Sept.2017, MUS$) AA- Stable AA- Stable SAAM Subsidiaries 98 330 73 236 49 48 210 44 181 37 24 192 166 120 1 year 1-2 years 2-3 years 3-4 years 4-5 years > 5 years -72 Financial D
Slide 14: Towage
TOWAGE • Leader in towage services in the Americas • Operations in 10 countries • Fleet of 160 tugs 14
Slide 15: 3. Towage: Stable Results
3. TOWAGE: STABLE RESULTS Explanation 3Q2016 / 3Q2017 3Q2017 3Q2016 Δ Δ% YTD 2017 YTD 2016 Δ Δ% » Increased activity in Canada and Ecuador Th US$ (1) Revenues (2) 66,085 64,915 1,169 1.8% 187,780 192,287 -4,507 -2.3% » Fewer special maneuvers in Mexico (Pemex), Uruguay and Chile EBITDA (2) 23,327 24
Slide 16: Port Terminals
PORT TERMINALS • 11 port terminals in six countries in the Americas • Fourth largest port operator in South America • Entered Central American market in 2017 16
Slide 17: 3. Port Terminals: Earnings Growth at International Ports
3. PORT TERMINALS: EARNINGS GROWTH AT INTERNATIONAL PORTS Explanation 3Q2016 / 3Q2017 3Q2017 3Q2016 Δ Δ% YTD 2017 YTD 2016 Δ Δ% Th US$ (1) » Earnings growth at Terminal Portuario Guayaquil (TPG) +3.4 Revenues (2) 84,978 60,050 24,927 41.5% 235,820 173,033 62,786 36.3% times rise in tons transferred
Slide 18: Logistics
LOGISTICS • Supply chain services (storage and transport) • Services for airlines at main airports in Chile, Colombia and Ecuador 18
Slide 19: 3. Logistics: Cost Structure Adjustment and Selling Assets No Longer Used
3. LOGISTICS: COST STRUCTURE ADJUSTMENT AND SELLING ASSETS NO LONGER USED 3Q2017 3Q2016 Δ Δ% YTD 2017 YTD 2016 Δ Δ% Explanation 3Q2016 / 3Q2017 Th US$ (1) » Drop in sales at Logística Chile due to closure of maritime agency Revenues (2) 24,136 31,682 -7,546 -23.8% 79,255 97,446 -18,191 -18.6% and co
Slide 20: Agenda
AGENDA Logística 1. Highlights 3Q2017 2. Industry Overview 3. Results 3Q2017 4. Outlook 2017 20 20
Slide 21: 4. Outlook 2017
4. OUTLOOK 2017 1. Towage Services: • Special attention to reconfiguration of oil & gas industry • Tighter competition in Brazil • Increase activity in private terminal operations in Chile due to new contracts 2. Port Terminals: • Special attention to alliances and reorganizations of shipping lines
Slide 22: Questions
Questions www.saam.com ir@saam.cl 22
Slide 23: Annex 1: Committed to Safety
ANNEX 1: COMMITTED TO SAFETY Safety Leadership Training BACK TO PAGE 5 30 managers have participated 40 Frequency Index 35 Supervisors Academy 30 Safety Leaders 25 -67% 170 supervisors have 20 participated 15 10 Equipment Instructors Academy 5 18 instructors have 0 participated 2007 2008 2009 2010 2