Sociedad Matriz Saam S.a. · BCS:SMSAAM
Sociedad Matriz Saam — Deutsche Bank Andean Region Conference 2016
28 slides from Sociedad Matriz Saam's conference presentation, May 2016
Slide 1: Deutsche Bank Andean Region Conference
Deutsche Bank Andean Region Conference London, May,2016 www.saam.com 1
Slide 2: The Company
The Company • A Worldwide company present in 84 ports distributed in 15 countries in the Americas. • Established in 1961. • Headquarters in Chile. • 2015 FY revenues USD748 million, EBITDA USD203 million. • Market Cap of US$726(1) million. • More than 10,000 employees. • Local Long Term Credit Ratin
Slide 3: Wide coverage across the Americas, presence in 15 countries
Wide coverage across the Americas, presence in 15 countries Port Towages Logistics Port Terminals Terminals Towages Logistics 11 188 (1) +173 ha. Port Terminals Towages Support Areas and Warehouses Second port Fourth global operator in towages South America. operator. (1) 8 tugboats under constructi
Slide 4: Ownership Structure
Ownership Structure SAAM Shareholders Luksic Group SMSAAM is Controlled by Luksic Group, one of Chile’s leading economic groups. Others 65% 81% (retail) 21,3% Quiñenco (Luksic Group) Foreign 50,9% 5,7% Other Institutional Mining Industrial / 10,7% Financial Services Pension Market Capitalization Tra
Slide 5: Quiñenco: Main Operating Companies
Quiñenco: Main Operating Companies % Control as of October 2015 51.2% 60.0% 28.6% (2) 100% 50,9% (5) 56.0% 65.9% Mkt. Cap (1): Mkt. Cap (1): Mkt. Cap (1): Mkt. Cap (1): Book Value (4): Mkt. Cap (1): Mkt. Cap (1): CSAV US$0.6 B US$ 9.1 B US$ 3.5 B US$ 1.5 B US$ 0.8 B US$0.6 B US$ 0.1 B HL(3): US$5.2
Slide 6: Stock Watch
Stock Watch YTD 2015 Cumulative Total Return (Gross Dividends 02-01-2015 / 30-12-2015) 122 CLP US$ 117 SM-SAAM -0,6% -14,1% 112 IPSA -4,4% -17,4% 107 MSCI Latin America --- -29,0% 102 MSCI Latin America S C --- -29,7% 97 92 87 -14.1% 82 -17.4% 77 -29.0% 72 -29.7% 67 Dividend Yield 4.5% 5% 4.2% • Lis
Slide 7: Business Diversification 2015
Business Diversification 2015 Business Diversification 2015 Revenues (*) EBITDA (*) EBITDA Mg (*) US$ Million US$ Million SMSAAM 748 203 27% Port Terminals 244 71 29% Towage 280 102 37% Logistics 224 29 13% Wide Geographic Diversification 2015 Revenues (*) EBITDA (*) Chile 45% 33% North America 18%
Slide 8: Results SAAM 2015
Results SAAM 2015 Business Diversification 2015 726 775 748 694 +6.7% -3.3% +4.6% 247 283 322 246 Affiliates Consolidated 448 479 492 426 2012 2013 2014 2015 Wide Geographic Diversification 2015 27% 300 24% 22% 23% 25% 250 +9.7% 203 20% 200 +12.1% 185 154 +7.1% 165 150 15% Affiliates 77 111 65 71 10
Slide 9: Results SAAM 2015
Results SAAM 2015 Earnings US$ Millions +23.3% 74 -17.5% +13.1% 69 60 61 2012 2013 2014 2015 Geographic Diversification of EBITDA 2015 South America 39% Chile 33% Central North America America 22% 6% www.saam.com 9
Slide 10: Port Terminals Division
Port Terminals Division www.saam.com
Slide 11: Port Terminals Division
Port Terminals Division • One of the leading Port Operators in South America • 11 Port Terminals (including the newly added TISUR terminal) • 31.6 (1) Million Tons and 2.6 (1) Million TEUs Transferred in 2015 • Presence in 6 Countries • 2015 FY revenues USD244 (1) million, EBITDA (1) USD71 million T
Slide 12: Second Port Operator in South America
Second Port Operator in South America 2014 Total TEUs Ranking Company Transferred Main Terminal Operations (thousands) 1 DP World 2,486 Callao, Buenos Aires, Suriname, Santos 2 SAAM 2,426 (*) San Antonio, San Vicente, Iquique, Antofagasta 3 Grupo Ultramar 2,280 Arica, Valparaíso, Mejillones, Coronel
Slide 13: Port Terminals Division: Chile
Port Terminals Division Chile (26.4 Million Tons Transferred) Terminal Puerto Iquique Terminal Arica S.A. Internacional S.A. Antofagasta Portuaria Corral Terminal S.A. Internacional S.A. San Vicente San Antonio Terminal Terminal Internacional S.A. Internacional S.A. www.saam.com
Slide 14: Port Terminals Division: Foreign
Port Terminals Division Foreign (5.2 Million Tons Transferred (1)) Terminal Puerto Terminal Marítimo Arica S.A. Mazatlán, México Terminal Portuario Terminal de Guayaquil, Internacional del Ecuador Sur S.A. Perú (1) Consider tons trasferred by TISUR (Perú) only november and december. Puerto Buenavist
Slide 15: Port Terminals Division
Port Terminals Division Country Terminal Share Tons 2015 Dock Dock Area End of Extension Holding Thousands Length (m) Draft (m) (ha) Concession Option Chile STI 50% 12,909 800 13.5 30.5 2024 Extended .+ 5 Years Chile SVTI 50% 5,515 600 12.2 40.9 2029 Extended Perú TISUR 35% 3,816 848 15.0 34.8 2029
Slide 16: Port Terminals Division
Port Terminals Division Revenues MUS$ +5.4% 234 +4.7% 244 +7.2% 222 207 107 119 112 114 Affiliates Consolidated 108 127 125 95 2012 2013 2014 2015 EBITDA MUS$ 120 35% 27% 29% 27% 27% 30% 100 80 71 25% 63 +12.6% +9.0% 60 +5.0% 20% 60 55 42 15% Affiliates 32 40 31 37 Consolidated 10% 20 31 5% Ebitda M
Slide 17: Milestones 2015
Milestones 2015 • Newly added Port in Perú: Terminal Internacional del Sur (TISUR). • Concession Renewal for Florida International Terminal, USA(FIT) with Broward County, for 10+5+5 years. • Start of Terminal Portuario Guayaquil, Ecuador (TPG) extension project. • Arrival of two STS cranes to San An
Slide 18: Towage Division
Towage Division www.saam.com
Slide 19: Towage Division
Towage Division • Fourth Global Tugboat Operator • 188(*) Tugboats, 70% are ASD tugboats • 115,456 Maneuvers in 2015 • Presence in 12 Countries, in over 76 Ports • 2015 FY revenues USD279 million, EBITDA USD102 million. (*) includes 8 tugboats under construction North America South America www.saam.
Slide 20: Towage Division
Towage Division SAAM Fleet • SAAM Market Share 191 -2% 188 Chile N⁰ 2 Ecuador N⁰ 1 +45% 132 128 130 • SAAM SMIT TOWAGE Market Share 75 Mexico N⁰ 1 Panama N⁰ 1 57 63 58 Brazil N⁰ 2 Canada N⁰ 1 2013 2014 2015 Conventional Azimutal Series3 Maneuvers Revenues Distribution 2015 Central South +17% America
Slide 21: Towage Division
Towage Division Revenues MUS$ 284 -1.4% 280 +20.0% 236 210 +12.3% 66 32 91 30 Affiliates 204 218 189 Consolidated 180 2012 2013 2014 2015 EBITDA MUS$ 180 37% 40% 160 35% 31% 140 29% 28% 30% 120 102 87 +17.2% 25% 100 +31.8% Affiliates 60 +10.0% 66 40 80 20 20% Consolidated 60 9 10 Ebitda Mg 15% 40 56
Slide 22: Milestones 2015
Milestones 2015 • Completion of one year of joint operations with Boskalis. Capture of synergies in ‘SST Brasil’: over US$15 million. • Renewal of Tugboat concessions in three of the main Mexican ports: Lázaro Cárdenas, Veracruz and Altamira for 8 and 10 years. • Won Tugboat operations contract for
Slide 23: Logistics Division
Logistics Division www.saam.com
Slide 24: Logistics Division
Logistics Division 173 ha Support Areas Presence in 6 Strategic Locations Strong Partners: and Warehouses, 63% Countries, in more Romero group and owned than 25 Ports American Airlines 2015 FY revenues USD224 million, EBITDA USD29 million Logistics Business by Countries Revenues Distribution 2015 Sp
Slide 25: Logistics Division
Logistics Division Revenues MUS$ 277 -3.2% 268 -4.1% 257 -12.8% 224 104 101 109 112 Affiliates 173 167 Consolidated 148 112 2012 2013 2014 2015 EBITDA MUS$ 150 14% 14% 14% 14% 130 13% 110 90 Affiliates 70 Consolidated 50 39 -2.5% 38 -7.8% 35 -17.1% 29 Ebitda Mg 30 25 24 25 10 29 14 14 9 (10) 2012 20
Slide 26: Milestones 2015
Milestones 2015 Chile • Radical change in economics of services provided to Shipping Lines (Agency Services and Empty Container Depots). • Loss of ex-CSAV Empty Container Depot business after merger with Hapag Lloyd. • Reduced activity in foreign trade affects volume of services associated to export
Slide 27: Contact
Contact Paula Raventós Fernando Lyon Head of Investor Relations Investor Relations Sociedad Matriz SAAM S.A. Sociedad Matriz SAAM S.A. Hendaya 60, 9th Floor, Santiago, Chile Hendaya 60, 9th Floor, Santiago, Chile (56-2) 2731-8240 (56-2) 2731-8215 praventos@saamsa.com flyons@saamsa.com www.saam.com w
Slide 28: Corporate Presentation April, 2016
Corporate Presentation April, 2016 www.saam.com 28
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