Grupo Carso Sab De Cv Class A1 · BMV:GCARSO/A1
Grupo Carso Sab De Cv Class A1 — Grupo Carso — Investor Presentation (November 2014)
17 slides from Grupo Carso Sab De Cv Class A1's investor presentation, November 2014
Slide 1: Corporate Presentation November 2014
Corporate Presentation November, 2014
Slide 2: Grupo Carso in brief
Grupo Carso in brief • Leading conglomerate in Mexico with diversified operations – 4 business sectors: Retail, Industrial, Infrastructure and Energy. • With well-known brands and formats such as: – Sears, Sanborns, Ishop/MixUp, Saks Fifth Avenue – Condumex, Promotora de Partes Electricas, Sinergia
Slide 3: Business Segments
Business Segments Industrial and Retail and Infrastructure and Carso Energy Manufacture Consumption Construction – Telecom – Restaurant – Civil Construction – Oil & Gas – Construction – Department Stores – Manuf. and Services for – Electricity – Energy – Entertainment Stores the Oil&Chemical Ind. –
Slide 4: Recent Events
Recent Events Carso Energy Grupo Carso announced a corporate reorganization on its current energy related activities through its subsidiary Carso Energy, consolidating assets of more than $8 Billion pesos and experienced human capital. Certain assets were proposed to be integrated into two divisions
Slide 5: Outstanding Figures 2013
Outstanding Figures 2013 Million Pesos 2010 2011 2012 2013* Var Sales 64,196 78,678 83,316 85,871 3.1% Operating Income 6,887 6,918 9,103 17,277 89.8% Op Mg 10.7% 8.8% 11.0% 20.1% 9.1pp EBITDA 8,204 8,310 10,535 18,601 76.6% EBITDA Mg 12.8% 10.6% 12.6% 21.7% 9.1 pp Controlling Net Income 7,092 4,321
Slide 6: Contribution to 2013-2014 results
Contribution to 2013-2014 results Infrastructure and Retail and Consumption Industrial and Manufacture Construction Grupo Sanborns Grupo Condumex CICSA Million Million Million Ps 2011 2012 2013 Var% Ps 2011 2012 2013 Var% Ps 2011 2012 2013 Var% Sales 36,416 39,411 40,514 2.8% Sales 28,793 27,415 26,
Slide 7: Financial Situation
Financial Situation EBITDA Million Pesos CapEx by Business Segment 21000 Net Debt 5,000 18,601 19000 3,877 17000 4,000 15000 2,773 3,000 2,347 2,600 13000 650 3,109 205 300 10,535 2,000 1,791 500 11000 9,328 773 467 8,989 396 9000 8,204 8,310 7,468 1,000 334 6,766 1,350 1,675 1,700 7000 5,752 5,955
Slide 8: Retail and Consumption
Retail and Consumption Grupo SANBORNS (47% of consolidated sales 2013) Has nationwide presence through its retail formats 9M14 Revenue 9M14 Ishop/ Ishop/M M Breakdown 11% EBITDA Breakdown 3.0% Other Other Sanb Sanb 23.0% 6% 31% 6.0% Sears Sears 52% 58.0% EBITDA (mm Ps) and margin ´09-´12 CAGR= 6.0%
Slide 9: Industrial and Manufacture
Industrial and Manufacture Grupo CONDUMEX (31% of consolidated sales 2013) Industrial conglomerate focused mainly in the Telecom, Energy, Construction, Mining and Automotive sectors. Revenue Breakdown by Business Markets: Sector • Mobile and Traditional telephone companies in LatAm; Var% 3Q14 Var% 9
Slide 10: Infrastructure and Construction
Infrastructure and Construction Carso Infraestructura y Construcción (22% of consolidated sales 2013) CICSA is one of the largest infrastructure and construction companies in Mexico servicing 5 main business sectors: 1. Manufacturing and Services for the CICSA Oil & Chemical Industry; Million Ps 201
Slide 11: Infrastructure and Construction: National Infrastructure Plan 2013-18
Infrastructure and Construction National Infrastructure Plan 2013-18: Ps 4Tr for transportation, telecom and energy • USD $125 Bn, or 67%: directed towards energy, Pemex and CFE included, • USD $105 Bn or 33%: USD $58Bn in telecom and USD $47Bn in transportation for the construction of 44 toll roads
Slide 12: Carso Energy
Carso Energy Investing in the Energetic Industry Carso Energy is well positioned to actively participate in new investment opportunities pursuant to the Energy Reform due to its expertise in structuring and financing projects as well as operating efficiently in the following activities: 1. Oil and G
Slide 13: CICSA's Financial Position
CICSA’s Financial Position Backlog $19340 MM Ps 9M14 Housing 167,321 Construct, Infrastr, 5,596,072 6,769,532 M&S Oil and Chemical, 5,487,536 Pipelines 1,319,516 Independencia I Oil Jack-Up Main projects for CICSA: Water sewage system (Tunel Emisor Oriente); Plaza Carso multiple use complex, sec
Slide 14: Investment Thesis
Investment Thesis • Dynamic conglomerate that adapts its business portfolio to take advantage of economic cycles, market tendencies and business opportunities; • Focus on industries where the Group holds a strong competitive position; • Retail sector with well-known formats and nationwide presence;
Slide 15: Gallery of Projects
Gallery of Projects Guadalajara By-pass road Culiacan By-pass road Central Solar Fotovoltaica built by Condumex Atotonilco Waste Water Treatment Plant Oil Drilling Sears Nuevo Veracruz
Slide 16: Gallery of Projects
Gallery of Projects Star Medica Hospital Fabrication dock for oil rigs Drilling head for the TEO Emisor Oriente Water Sewage Tunnel (TEO) Nuevo Veracruz Shopping Center
Slide 17: Forward Looking Statements
Forward Looking Statements: Certain statements in this corporate presentation may be related to expectations about future events of Grupo Carso. The phrases "will allow," "will," "estimate," "expect," "intend," "might," "should" and similar expressions generally indicate comments based on financial