Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Q1 2016 Earnings Presentation
37 slides from Grupo Argos's earnings presentation, 2016
Slide 1: Earnings Presentation Q1 2016
Earnings Presentation Q1 2016
Slide 2: Disclaimer
DISCLAIMER This document contains forward-looking statements relating to GRUPO ARGOS and its subsidiaries based upon management projections. These projections reflect GRUPO ARGOS’ opinion on future events that may be subject to a number of risks, uncertainties and assumptions. Various factors may ca
Slide 3: Highlights Q1 2016
Highlights Q1 2016 Changes in the Grupo Argos received the Silver Class organizational structure distinction in sustainability Increase in cement volumes Zona Franca Celsia is Acquisition of additional Pactia aquired assets in during Q1 fully operational stakes in ADN and BTA Panama Rement 6% Ready
Slide 4: Consolidated Results
Consolidated Results Q1 2016 2015 Var.(%) Revenues 4,056 2,640 54 Costs & SG&A 3,453 2,296 50 Operating Profit 603 344 75 EBITDA 963 670 44 EBITDA margin (%) 23,7 25,4 COP$ billion 4
Slide 5: Consolidated Results
Consolidated Results Revenues EBITDA EBITDA margin (%) COP$ billion COP$ billion 5.000 1.000 963 4.056 4.000 800 2016 24 +54% 670 +44% 3.000 2.640 600 2.000 400 2015 25 1.000 200 0 0 2015 2016 2015 2016 0 10 20 30 5
Slide 6: Consolidated Results - Revenues
Consolidated Results - Revenues + 39 4.056 + 258 -3 + 566 + 21 -2 + 537 2.640 Revenues March Cement Energy Coal Real Estate Concessions Corporative Portfolio Revenues March 2015 2016 6
Slide 7: Consolidated Results - EBITDA
Consolidated Results - EBITDA + 27 963 + 134 - 10 + 16 + 14 + 111 -0 670 EBITDA March Cement Energy Coal Real Estate Concessions Corporative Portfolio EBITDA March 2015 2016 7
Slide 8: Business results
Business results Elim. Consolidated Operating Revenue 2.212.871 1.363.090 37.813 37.911 292.957 8.112 257.625 -154.245 (1) 4.056.133 Gross profit 505.156 227.418 35.127 15.992 292.957 3.261 158.541 -135.046 (1) 1.103.405 Gross Margin 22,8% 16,7% 92,9% 42,2% 100,0% 40,2% 61,5% 27,2% Operating profit
Slide 9: Business results
Business results Revenues EBITDA 53% Cement; 39% Cement 32% Energy 22% Energy 6% Concessions 12% Concessions; 1% Ports 1% Real Estate 1% Real Estate; Ports; 1%; 2% 7% Holding 24% Holding 9
Slide 10: Consolidated Balance Sheet– Mar 2016
Consolidated Balance Sheet– Mar 2016 March 2016 Assets COP$ Trillion 14% Short Term 19,2 Assets 25% Permanent Investments 41,6 Equity 46% PP&E 22,3 Liabilities 15% Other Long Term Assets Liab. & Equity December 2015 Liabilities COP$ Trillion 16% Financial Oblig. Short Term 22% Other Short Term 18,9
Slide 11: Cement Business
ARGOS rN - GRUPO ARGOS
Slide 12: Highlights: agreement with Bogota Mayor to burn used tires as fuel
Highlights Signed an agreement with the Mayor of Bogota to burn used tires as fuel in the Rio Claro plant Used tires, Argos´plant in Ríoclaro 12
Slide 13: Highlights: most innovative companies; COP 400 billion bond issuance
Highlights Argos named as one of the most innovative companies in Colombia Successful COP 400 billion local bond issuance 13
Slide 14: January – March volumes
January – March volumes Cement Cement sales + 300 3.447 3.238 + 162 36% Colombia - 253 37% Caribe y CA 27% USA - Sureste 2015 Colombia Caribe y CA USA - Sureste 2016 Ready mix Ready mix sales 2.805 29% Colombia + 102 + 169 4% Caribe y CA 2.538 +6 - 10 38% USA - Sureste 29% USA - Surcentro 2015 Colom
Slide 15: Financial results
Financial results Revenues EBITDA EBITDA margin (%) COP$ billion COP$ billion 2.500 500 2.213 425 2.000 400 1.653 2016 19,2 +34% 307 +38% 1.500 300 1.000 200 500 100 2015 18,6 0 0 2015 2016 2015 2016 0 5 10 15 20 25 15
Slide 16: Energy Business
Energy Business
Slide 17: Highlights: shareholders agreed to receive a stock dividend
Highlights 1.161 shareholders, representing 78% of the total shares, agreed to receive a stock dividend 2016 shareholders meeting, Medellín 17
Slide 18: Highlights: positive results in hydro generation and distribution
Highlights Hydro generation, power distribution and the operations in Central America reported positive results during the quarter 18
Slide 19: January – March volumes Gx and Dx
January – March volumes Gx and Dx Generated energy in GWh + 114 + 312 2.206 2.140 - 345 - 21 2015 Celsia Zona Franca Celsia EPSA Centroamérica 2016 Sales of electricity to end user in GWh Generation by technology + 42 543 26% Hydro 70% Termo 501 4% Wind 2015 EPSA 2016 19
Slide 20: Financial results
Financial results Revenues EBITDA EBITDA margin (%) COP$ billion COP$ billion 1.500 300 1.363 267 213 2016 19,6 1.000 +72% 200 +16% 791 500 100 2015 26,9 0 0 2015 2016 2015 2016 0 10 20 30 20
Slide 21: Concessions Business
7g | Concessions opinsA | Business rN - GRUPO ARGOS
Slide 22: Highlights: Odinsa acquires additional road concession stakes
Highlights Odinsa announced the acquisition of additional stakes in the road concessions Autopista del Norte and Boulevard Turistico del Atlantico Autopista del Nordeste, Dominican Republic. 22
Slide 23: Operational results
Operational results Average Daily Traffic (Road concessions) 3.146 3.347 1.683 404 119.029 114.794 410 2.759 1T2015 Autopistas del Café Malla Vial del Meta / Santa Marta Hatovial Auitopistas del Bulevar Turistico del 1T2016 Llanos Paraguachón Nordeste (R.D.) Atl. (R.D.) Passenger Traffic (Airports R
Slide 24: Financial results
Financial results Revenues EBITDA EBITDA margin (%) COP$ billion COP$ billion 300 150 252 131 2016 52 +44% 200 175 100 +79% 73 100 50 2015 42 0 0 2015 2016 2015 2016 0 20 40 60 24
Slide 25: Real Estate Business
Real Estate Business Land development, Barranquilla
Slide 26: Highlights: 40% stake in Dream Plaza project in Panama
Highlights Acquisition of a 40% stake in the Dream Plaza project in Panama Dream Plaza project, Panama 26
Slide 27: Highlights: two lots sold in Barranquilla
Highlights Two lots, totaling 55,000 mt2, were sold in Barranquilla during the quarter Desarrollo urbanístico, Barranquilla 27
Slide 28: Operational results
Operational results Ownership breakdown - Pactia GLA 432.643 m2 41% Retail 41% Industrial 39,8% Conconcreto 10% Offices Grupo Argos 4% Self-storage 60,2% 3% Hotels Q1 2016 Q2 2016 Q3 2016 Q4 2016 Net Operative Income** Retail 20,789 Industrial 5,130 Ownership structure will reach a 50%-50% Offices 2
Slide 29: Financial results
Financial results Revenues EBITDA EBITDA margin (%) COP$ billion COP$ billion 40 38 10 9 30 2016 26 5 10 1 20 38 2015 2016 13 -3 10 -75 2015 13 -7 -9 0 -11 -9 2015 2016 -100 -50 0 Revenues breakdown: Land development 84% Pactia 16% 29
Slide 30: Ports Business
wz Ports Business COMPAS rN - GRUPO ARGOS
Slide 31: Highlights: increase in coal volumes at Barranquilla terminal
Highlights Increase in coal volumes at the Barranquilla terminal, thanks to the addition of new clients Terminal Compas, Barranquilla 31
Slide 32: Highlights: 88% growth of liquid fuels cargo volumes
Highlights 88% growth of liquid fuels cargo volumes, as the thermal plan in Zona Franca Celsia had to operate on Diesel fuel Terminal de líquidos Compas, Barranquilla 32
Slide 33: Operational results
Operational results Containers throughput # of containers Imp & Exp Bulk – General Cargo in tons 6.000 5.562 1.200 17.180 18.000 995 4.673 938 13.574 4.000 800 12.000 6.000 2.000 400 Miles 0 0 0 2015 2016 2015 2016 2015 2016 # of ships moved + 37 127 116 +1 -1 -6 2015 Cartagena Buenaventura Barranqu
Slide 34: Financial results
Financial results Revenues EBITDA EBITDA margin (%) COP$ billion COP$ billion 39 16 40 38 15 15 2016 41 30 -3% +6% 10 20 5 10 2015 38 0 0 2015 2016 2015 2016 0 20 40 34
Slide 35: Debt profile
Debt profile COP 1,55 trillion (USD 513 million)* Deuda/EBITDA 600 2,3X 400 550 200 390 LT Credit 254 132 Ordinary Bond 108 115 0 2016 2017 2019 2020 2024 2029 Cost of debt 10,50% 10,00% 9,58% 10,07% 9,50% 9,43% 9,00% 35 * In billion COP. FX 3,022 COP/USD
Slide 36: Portfolio
Portfolio March 2015 March 2016 34% Cement 35% Cement 12% Energy 9% Energy… 17% Real Estate 18% Real Estate COP$ 17,8 2% Coal COP$ 21,4 2% Coal Billones Billones 28% Financial Services 26% Financial Services 6% Food 5% Food 1% Ports 5% Concessions *The value of each investment for the companies that
Slide 37: Thanks
Thanks