Grupo Argos S.A. · BVC:GRUPOARGOS
Grupo Argos — Merger or Acquisition (September 2023)
11 slides from Grupo Argos's merger presentation, September 2023
Slide 1: Announcement Presentation
Announcement Presentation September 2023
Slide 2: Grupo Argos supported transaction combining CemArgos US operations with Summit Materials
Investors Presentation Grupo Argos supported transaction in which CemArgos will combine its operations in the US with Summit Materials The transaction was supported by Grupo Argos to accelerate Cementos Argos' growth platform in the United States Investment in a sector with attractive business funda
Slide 3: Bolstering Cementos Argos by combining US operations with Summit Materials
Investors Presentation We have bolstered Cementos Argos by combining the U.S. operations with Summit Materials, elevating their strenght, footprint, and capabilities By leveraging on the regional footprint and robust U.S. Platform… …We have managed to unlock additional value for Cementos Argos throu
Slide 4: Agreement delivers on strategic pillar of value realization in US business
Investors Presentation This agreement delivers on the strategic pillar of value realization in the U.S. business Cementos Argos will become the largest and most relevant shareholder in a leading building materials player in the U.S. Cementos Argos will receive shares in a liquid US publicly-listed e
Slide 5: Highly complementary platform across geographies and products
Investors Presentation Through this combination we have established a highly complementary platform across geographies and products… 9.6 mm / 4 2.2mm / 2 Tons per annum of cement Tons per annum of cement grinding capacity / cement grinding capacity / cement plants plants CEMENTOS ARGOS TODAY SUMMIT
Slide 6: Catalyzing our strategic vision through a vertically integrated business
Investors Presentation …which is expected to catalyze our strategic vision by leveraging on our vertically integrated business… Diversified presence and strong positions across aggregates, cement, and 1 ready-mix segments Aggregates Cement RMX Robust logistics network with access to imports, rail-ca
Slide 7: Strengthening industry leadership, scale, profitability and capital structure
Investors Presentation …while strengthening our leadership across the industry by scaling Cementos Argos’ operations and enhancing profitability and capital structure + MAIN PEERS BY REVENUE (2Q23 LTM IN US$MM) US$4.2bn US$1.0bn 1 7,582 Proforma 23E EBITDA Proforma 23E Including synergies1 Revenue 2
Slide 8: Significant value unlocking with relevant stake and net cash received
Investors Presentation Significant value unlocking in the U.S. business with a relevant stake in the combined entity and net cash received… STOCK CONSIDERATION BASE CASH CONSIDERATION1 US$36.0 54.7mm US$1,200mm Closing Share price1 CemArgos-owned shares Subject to closing adjustments US$1,970mm US$1
Slide 9: Ancillary agreements strengthening Cementos Argos' non-US operations
Investors Presentation …complemented by thoroughly assessed ancillary agreements that will allow us to strengthen Cementos Argos’ non-U.S. operations U.S. Operations Ancillary Agreements Argos Cement Logistics Supply Agreement Service Agreement Summa Support IP Service Agreement License Agreement •
Slide 10: Combination marks a step towards enhanced possibilities and synergies
Investors Presentation This combination marks a significant step towards a future of enhanced possibilities and strategic synergies STRATEGICALLY ALIGNED WITH OUR …POSITIONING THE COMPANY TO …CRYSTALIZED ON A TRANSFORMATIONAL TRANSACTION… INVESTMENT THESIS… UNLOCK SIGNIFICANT VALUE Delivering on pre
Slide 11: Grupo Argos strategic role has significant upside potential per share
Investors Presentation Grupo Argos strategic role has a significant upside potential for value delivering on its price per share… Market Cap @ 100% COP$4.0bn COP$2.5bn COP$15.8bn COP$23.0bn1 COP$3.1bn2 … with strong underlying assets coupled with strategic vision management Implied price per share o