Grupo Argos S.a. · BVC:GRUPOARGOS

Grupo Argos — Q3 2024 Earnings Presentation

29 slides from Grupo Argos's earnings presentation, November 2024

  1. Slide 1: Results Presentation Third Quarter 2024

    Results Presentation Third Quarter 2024 November2024 1 Noviembre 2024

  2. Slide 2: Disclaimer

    Resultados Primer Trimestre del 2019 QUARTERLY RESULTS PRESENTATION Disclaimer This presentation contains certain forward-looking representations and information related to GRUPO ARGOS and its subordinate companies based on currently known facts, expectations and forecasts, circumstances, and assump

  3. Slide 3: Grupo Argos will evolve to become 100% specialized in infrastructure assets

    GRUPO ARGOS RESULTS 3Q2024 Grupo Argos will evolve to become 100% specialized in infrastructure assets Investment Portfolio1 Investment Portfolio1 Spotlight on Infrastructure (3Q2023) (November 2024) (Future) CemArgos; $ Sura; $ 6,4 5,9 Nutresa; $ 2,2 CemArgos; $ 3,5 COP Grupo Argos Expands its COP

  4. Slide 4: Recurring structural expenses have decreased over the last decade

    GRUPO ARGOS RESULTS 3Q2024 Recurring structural expenses have decreased in terms over the last decade Structural expenses (Administrative and Sales) without D&A Structural expenses (Administrative and Sales) without D&A Holding Expenses Real Estate Business 715 Diviendos Decretados x Acción 200 Estr

  5. Slide 5: The corporate group's market cap grew by COP 14.5 tn over the last 12 months

    GRUPO ARGOS RESULTS 3Q2024 The corporate group’s market cap grew by COP 14.5 tn over the last 12 months Price per share variation (last 12 months) Px/sh 6/11/2024 19,260 13,520 8,400 3,725 Px/sh 6/11/2023 9,100 6,500 4,600 2,385 112% 108% Average = +90% 82% 56% Grupo Argos (Ord) Grupo Argos (Pf) Cem

  6. Slide 6: Consolidated EBITDA grows 39% YOY

    GRUPO ARGOS RESULTS 3Q2024 Consolidated EBITDA grows 39% YOY Net inc. controlling Revenue EBITDA Net Income interest Figures in COP tn Figures in COP tn Figures in COP bn Figures in COP bn +32% 2% +39% +14% +13% +426% +375% 7,3 4,3 4,5 11,3 11,5 3,2 1,4 0,9 Sep23 2T2023 Sep24 2T2024 Sep23 2T2023 Sep

  7. Slide 7: Separated Cumulative Net Income reaches COP 2.8 trillion

    GRUPO ARGOS RESULTS 3Q2024 Separated Cumulative Net Income reaches COP 2.8 trillion Revenue EBITDA Net Income Figures in COP tn Figures in COP tn Figures in COP tn +172% +32% +250% +14% +13% +242% 2,8 3,3 3,4 1,25 0,8 0,9 2T2023 2T2024 2T2023 2T2024 2T2023 2T2024 Sep23 Sep24 Sep23 Sep24 Sep23 Sep24

  8. Slide 8: Not all assets in our Portfolio consolidate line by line

    GRUPO ARGOS RESULTS 3Q2024 Not all assets in our Portfolio1 consolidate line by line in the Consolidated Financial Statements Cement Energy Concessions Real Estate Portfolio 31% of Real Argos Energy Asset Roadway Airport Summit Pactia Estate Grupo Sura • Others COL & CCA Services Management Concessi

  9. Slide 9: Relevant changes in Grupo Argos' Consolidated Financial Statements from 2023 to 2024

    GRUPO ARGOS RESULTS 3Q2024 Relevant changes in Grupo Argos' Consolidated Financial Statements from 2023 to 2024 *Only the Green Corridor 2023 2024 concession (Aruba) consolidates line by line Equity method Summit Materials (formerly Argos USA) Consolidation - Reclassified in the IS Argos LatAm Conso

  10. Slide 10: Operating Results – Grupo Argos Businesses

    Operating Results – Grupo Argos Businesses Cement Infra Portfolio 10 Noviembre 2024

  11. Slide 11: CemArgos: focus on profitability

    GRUPO ARGOS RESULTS 3Q2024 CemArgos: focus on profitability Cement Infra Portfolio Summit Materials integration is progressing well. • Summit is still on track to generate an expected USD 40 million in synergies for the year • The company has maintained its EBITDA guidance of between USD 970 million

  12. Slide 12: CemArgos: EBITDA Margin reaches 22% cumulative for the year

    GRUPO ARGOS RESULTS 3Q2024 CemArgos: EBIDTA Margin reaches 22% cumulative for the year Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn 3Q2024 vs 3Q2023 +1% 3Q2024 vs 3Q2023 +5% (YOY) (YOY) Cemento RMC 4.000 2.000 311 1.800 1.317 1.311 1.344 1.336 295 291 -9% 1.240 3.500 1.600 270 265

  13. Slide 13: Celsia: Recovery after the El Niño phenomenon

    GRUPO ARGOS RESULTS 3Q2024 Celsia: Recovery after the El Niño phenomenon Cement Infra Portfolio Celsia's net income to the controlling interest grew 8% year-to-date • This performance reflects the strength of the assets of our energy business, proving its ability to provide reliability to the electr

  14. Slide 14: Celsia: Platform EBITDA is stable compared to the previous period

    GRUPO ARGOS RESULTS 3Q2024 Celsia: Platform EBITDA is stable compared to the previous period Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn Generación Comercialización 2.000 2.000 3Q2024 vs 3Q2023 -5% 3Q2024 vs 3Q2023 -13%* (YOY) (YOY) Platform EBITDA* 1.800 1.800 -18% +117 +120 1.4

  15. Slide 15: Odinsa: Positive airport traffic dynamics and start of second stage of Túnel de Oriente

    GRUPO ARGOS RESULTS 3Q2024 Odinsa: Positive airport traffic dynamics and start of the second stage of Túnel de Oriente Cement Infra Portfolio Start of construction work for the second stage of Túnel de Oriente • This project will represent COP 1.2 trillion pesos in CAPEX and create over 2,000 direct

  16. Slide 16: Odinsa: ADT grew 4% YOY

    GRUPO ARGOS RESULTS 3Q2024 Odinsa: ADT grew 4% YOY Cement Infra Portfolio Quarterly Results IRR (E) 4% +15% +2% +3% 100 105 331 11% 61 63 151 154 288 22% 3Q2023 3Q2024 3Q2023 3Q2024 3Q2023 3Q2024 3Q2023 3Q2024 15% TPD (miles) Ingresos (COP k mm) EBITDA (COP k mm) Ut. Neta (COP k mm) ADT (thousands)

  17. Slide 17: Odinsa: airport traffic grows 12% YOY

    GRUPO ARGOS RESULTS 3Q2024 Odinsa: airport traffic grows 12% YOY Cement Infra Portfolio Quarterly Results (in USD) IRR (E) +7% +2% -2% +12% 173 76 78 31 30 13 161 12 18% 3Q2023 3Q2024 3Q2023 3Q2024 3Q2023 3Q2024 3Q2023 3Q2024 PAX (mm) Ingresos (USD mm) EBITDA (USD mm) Ut. Neta (USD mm) 11% EBITDA (t

  18. Slide 18: Pactia: EBITDA grows 12% with stable GLA

    GRUPO ARGOS RESULTS 3Q2024 Pactia: EBITDA grows 12% with stable GLA Cement Infra Portfolio Operational Revenue COP bn EBITDA COP bn GLA 2Q2024 vs 2Q2023 +10% 2Q2024 vs 2Q2024 +12% (YOY) (YOY) 1.400 125 121 119 113 116 67 67 1.200 65 60 60 1.000 811 GLA ('000) 800 600 400 200 0 3T 2023 4T 2023 1T 202

  19. Slide 19: Real Estate Business: Net cash flow is COP 22 billion

    GRUPO ARGOS RESULTS 3Q2024 Real Estate Business: Net cash flow is COP 22 billion Cement Infra Portfolio Real Estate Business Cash flow1 Sep-2024 Sep-2023 Var (%) Revenue 125 166 -25% Net cash flow 22 61 -65% • Payment plans with higher installments as of Sep-23 P&L1 Sep-2024 Sep-2023 Var (%) Revenue

  20. Slide 20: Consolidated and separated financial results

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES Consolidated and separated financial results 20 Mayo 2024

  21. Slide 21: EBITDA grows 39% compared to the previous year

    GRUPO ARGOS RESULTS 3Q2024 EBITDA grows 39% compared to the second quarter of the previous year Summary P&L Quarterly Results Cumulative Results YTD COP bn 3Q - 2024 3Q - 2023 Var.(%) Sep-22 Sep-23 Var.(%) Revenue 3,310 3,074 8% 11,533 11,260 2% Costs, expenses, and other 2,406 2,433 -1% 7,684 8,660

  22. Slide 22: Grupo Argos sound equity structure supported by a AAA rating

    GRUPO ARGOS RESULTS 3Q2024 Grupo Argos sound equity structure supported by a AAA rating Gross Debt Consolidated COP bn Consolidated Net Debt1 COP bn Net financial expenses COP bn 421 14.431 12.027 32 1.613 663 11.929 220 493 311 9.096 1.803 214 32 283 5.578 1.241 5 5.681 5.353 148 -17% -24% 5.160 -1

  23. Slide 23: Separated net income reaches COP 2.8 trillion year-to-date

    GRUPO ARGOS RESULTS 3Q2024 Separated net income reaches COP 2.8 trillion year-to-date Summary P&L Quarterly Results Cumulative Results YTD COP bn 3Q - 2024 3Q - 2023 Var.(%) Sep-24 Sep-23 Var.(%) Revenue Costs and other expenditures 218 26 270 57 -19% -53% 3,409 12 1,254 197 172% -94% COP 3.4 tn GA

  24. Slide 24: COP 77 billion in financial returns covers 71% of financial expenses

    GRUPO ARGOS RESULTS 3Q2021 COP 77 billion in financial returns covers 71% of financial expenses Cash flow Notes COP million COP million 1. Div. received: 475,784. Div. Paid: 396,752 Dividendos netos 79.033 1 2. 432,403 due to takeover bid compliance. Ingresos NDU 124.778 3. Financial expenditure 169

  25. Slide 25: The cost of Grupo Argos' separate debt stands at 8.7%

    GRUPO ARGOS RESULTS 3Q2024 The cost of Grupo Argos' separate debt stands at 8.7% Indebtedness1 COP bn Maturity profile (capital) COP bn Cost of debt and half-life COP bn Net Debt = 1.2 tn (+82% YOY) 0% 0% 24% 29% 9% 27% 0% 12% 14% 16,6% 36% 455 5,2 417 Bonos 15,5% 16,3% 15,7% 390 13,5% 5,0 4,5 14,7%

  26. Slide 26: S&P and Fitch confirmed Grupo Argos's AAA rating

    GRUPO ARGOS RESULTS 3Q2024 S&P and Fitch confirmed Grupo Argos’s AAA rating AAA AAA 1 1 Stable Stable May 2024 May 2024 ▪ Robustness supported by the company’s strategic transformation ▪ Grupo Argos maintains a sound business position after last into an infrastructure vehicle after the divestment of

  27. Slide 27: Sustainability: Reputation strengthened in the Corporate Reputation Business Monitor (MERCO)

    Sustainability: Reputation strengthened in the Corporate Reputation Business Monitor (MERCO) Overall ranking 8 (+2) 16 (+2) 49 (+1) 152 Sector 1 1 3 5 Business conglomerates Cement companies Energy companies Construction and infrastructure Ranking Communication teams ranking 7 (+2) - 10 - • Merco: +

  28. Slide 28: www.grupoargos.com

    PRESENTACIÓN DE RESULTADOS TRIMESTRALES CEO CFO Jorge Mario Velasquez Alejandro Piedrahita Chief Officer for Corporate and Presidential Affairs IR Director Juan Esteban Mejia Carolina Arango (574) 315 8400 (574) 315 8400 jemejia@grupoargos.com carangoz@grupoargos.com www.grupoargos.com 28 Mayo 2024

  29. Slide 29: Grupo Argos - Inversiones que transforman

    29 rN Ld GRUPO ARGOS Inversiones que transforman ry {GRUPO ARGOS Inversiones que transforman

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