Sociedad Matriz Saam S.a. · BCS:SMSAAM

Sociedad Matriz Saam — Investor Presentation (November 2017)

23 slides from Sociedad Matriz Saam's investor presentation, November 2017

  1. Slide 1: Company Presentation

    COMPANY PRESENTATION November 2017

  2. 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

  3. Slide 3: Agenda

    AGENDA 1. SAAM at a glance. 2. Attractive investment fundamentals. 3. Our Business Divisions. 4. Highlights and outlook 3Q2017. 5. Appendices. 3

  4. Slide 4: SAAM at a Glance (1)

    1. SAAM AT A GLANCE (1) Highlights Business Units • SAAM provides port and offshore towage services, port terminal • Major tugboat operator in the Americas and logistics services • Present in 11 countries • Present in more than 70 ports and in 13 countries in the Americas • Operates in 6 countries t

  5. Slide 5: SAAM at a Glance (2)

    1. SAAM AT A GLANCE (1) REVENUES (1) EBITDA (1) EBITDA MG (1) PROFIT (1) US$ 717 US$ 205 US$54.5 million million 29% million +5.6 % with respect to +2 pp with -4% with respect +1% with respect respecto 2015 respect to to 2015 to 2015 not considering non- 2015 recurring profit 2015 CAPEX (1) TONS TRA

  6. Slide 6: Supported by One of the Major Economic Groups in the Country

    1. SUPPORTED BY ONE OF THE MAJOR ECONOMIC GROUPS IN THE COUNTRY Ownership Structure Quiñenco’s main companies MC: MC(2): MC: MC(2): MC(3): Equity(4): MUS$ 4,900 MUS$ 2,400 MUS$ 1,043 MUS$ 12,500 MUS$ 1,200 MUS$ 860 Market Quiñenco Others Capitalization(1) 52.2% 47.8% MUS$ 1,043 Ownership: Ownership:

  7. Slide 7: Agenda

    AGENDA 1. SAAM at a glance. 2. Attractive investment fundamentals 3. Our Business Divisions. 4. Highlights and outlook 3Q2017. 5. Appendices. 7

  8. Slide 8: Attractive Investment Fundamentals

    2. ATTRACTIVE INVESTMENT FUNDAMENTALS •Towage, Ports and Logistics services Diversified Company both in geographic terms •Operations in 13 countries in América and business units •60% EBITDA ex Chile (1) •Towage: Major operator in the Americas and fourth at world level Leader in tugboats and port te

  9. Slide 9: Agenda

    AGENDA 1. SAAM at a glance. 2. Attractive investment fundamentals. 3. Our Business Divisions. 4. Highlights and outlook 3Q2017. 5. Appendices. 9

  10. Slide 10: Towage Division: Leadership with the Most Comprehensive Coverage Across the Americas

    3. TOWAGE DIVISION: LEADERSHIP WITH THE MOST COMPREHENSIVE COVERAGE ACROSS THE AMERICAS 1 1 2 3 4 2 4 3 SST Canada SST Mexico Guatemala Honduras 5 6 5 6 7 8 7 8 Costa Rica Panamá Ecuador Brazil 10 9 9 10 11 11 Uruguay Chile Austral Broom 10 10

  11. Slide 11: Leader in Tugboats and Towage with World Class Assets and Sound Strategic Alliance

    3. LEADER IN TUGBOATS AND TOWAGE WITH WORLD CLASS ASSETS AND SOUND STRATEGIC ALLIANCE Highlights Number of maneuvers carried out(2) • Major operator in the Americas and fourth at world level • Present in 11 countries in over 70 ports in the Americas 85,453 94,954 90,059 • Modern fleet of 161 tugboat

  12. Slide 12: Port Terminals: 11 Port Terminals

    3. PORT TERMINALS: 11 PORT TERMINALS INCLUDING SAN ANTONIO TERMINAL INTERNACIONAL - THE LEADING PORT OF CHILE 7 Chilean Terminals SAAM´s ownership 8 1 2 3 4 5 6 Terminal Iquique Terminal Antofagasta Terminal San Antonio Terminal San Vicente Terminal Portuaria 10 Puerto Arica S.A. Internacional S.A.

  13. Slide 13: One of the Major Port Operators in South America

    3. ONE OF THE MAJOR PORT OPERATORS IN SOUTH AMERICA, WITH WORLD CLASS ASSETS AND SOUND STRATEGIC ALLIANCE Highlights TEUs transferred (thousands)(1) • Operates in 11 port terminals in 6 countries CAGR(2): +3.4% • 4th major port operator in South America 1,587 1,605 1,607 1,618 1,627 1,382 • State of

  14. Slide 14: Logistics: Moving to a New Business Strategy

    3. LOGISTICS; MOVING TO A NEW BUSINESS STRATEGY Highlights • Strategy focused on providing supply chain services (warehousing, Supply chain and transport) • Services for airlines at main airports in Chile, Colombia and Ecuador • Potential release of expendable property assets • Alliance with : Impor

  15. Slide 15: Financial Highlights

    3.FINANCIAL HIGHLIGHTS (1)(2) EBITDA evolution (MUS$) Evolution of revenues (MUS$) 29% 27% 28% 775 750 24% 205 717 203 185 283 532 147 324 323 77 111 114 190 58 492 426 108 394 342 92 91 88 2014 2015 2016 As of Sept 2017 2014 2015 2016 As of Sept 2017 Consolidated Affiliates Consolidated Affiliates

  16. Slide 16: 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- estable AA- estable 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

  17. Slide 17: Agenda

    AGENDA 1. SAAM at a glance. 2. Attractive investment fundamentals. 3. Our Business Divisions. 4. Highlights and outlook 3Q2017. 5. Appendices. 17

  18. Slide 18: Highlights 2017

    3. HIGHLIGHTS 2017 Corporate: • Changes in corporate governance (Board changes (new chairman and new director) • Sale 35% of Tramarsa (represented recurring annual profits US$12 million for SAAM in 2016) • Corporate reorganization into three business areas; more efficient management (annex 1) • Firs

  19. Slide 19: Outlook 2017

    3. OUTLOOK 2017 Corporate: • Stable earnings, benefiting from portfolio diversification • Greater financial discipline and management of cash flows from subsidiaries and associates (US$53 million in dividends received in 2017 YTD) Towage: Logistics • Special attention to reconfiguration of oil indus

  20. Slide 20: Capex and Cash

    3. CAPEX AND CASH End of cycle of major organic investments (estimated investments for 2017 (1) ) Capex 2017 thUS$ Ongoing investments 69.022 Expansion TPG 32.000 Acq. 51% Puerto Caldera 48.500 Logistics Acq.15% ITI 11.040 Total 160.562 Sound financial position (NFD/EBITDA 1.4) (1) Towage ThUS$ ThUS

  21. Slide 21: The End

    The End www.saam.cl ir@saam.cl 21

  22. Slide 22: Annex 1: Corporate Reorganization into Three Business Areas

    ANNEX 1:CORPORATE REORGANIZATION INTO THREE BUSINESS AREAS Home SMSAAM SA SAAM REMOLCADORES (100%) SAAM PORTS SAAM LOGISTICS CHILE (100%) (100%) CHILE 100% 100% MÉXICO GUATEMALA STI CALDERA AEROSAN INMOBILIARIAS 51% 70% 50% 51% 50% 100% AEROSAN EMPRESAS CANADÁ HONDURAS SVTI TPG PERSONAL 100% 100% 50

  23. Slide 23: Annex 2: New Port: Puerto Caldera

    ANNEX 2: NEW PORT: PUERTO CALDERA SAAM ACQUIRED 51% STAKE OF THE SECOND MAJOR PORT Home IN COSTA RICA Caldera is located in a strategic location in Costa Rica, given its proximity and good connectivity with the city of San Jose. CALDERA PORT HIGHLIGHTS • Second major port in Costa Rica • Strategic l

Sociedad Matriz SAAM — Investor Presentation (November 2017) on 6ix