Grupo Argos S.a. · BVC:GRUPOARGOS
Grupo Argos — Investor Presentation (September 2024)
35 slides from Grupo Argos's investor presentation, September 2024
Slide 1: Corporate Presentation September 2024
Corporate Presentation Corporate Presentation September 2024 1 September 2024
Slide 2: Important Note
Corporate Presentation Important Note This presentation contains certain forward-looking representations and information related to Grupo Argos and its subsidiaries based on currently known facts, expectations and forecasts, circumstances and assumptions regarding future events. Many factors could c
Slide 3: Overview of Grupo Argos
Corporate Presentation Overview of Grupo Argos Grupo Argos – Established footprint in the region with a robust portfolio focused on infrastructure Business highlights Company snapshot Cement • 7 cement plants with an installed capacity of 14 million tons in Colombia, business line 11.000 Central Ame
Slide 4: Strategy
Corporate Presentation Strategy Cement Infra Portfolio 4 September 2024
Slide 5: Key milestones (1/2)
Corporate Presentation Strategy Targeted M&A activity, coupled with deep know-how optimizing existing assets… A Cement and energy businesses consolidation B Portfolio optimization towards key business lines and strategic assets (1/2) 2006 - 2008 2009 - 2011 2012 2014 - 2015 Cement Energy Transportat
Slide 6: Key milestones (2/2)
Corporate Presentation Strategy … has proven to be a differentiated factor generating attractive returns … Cement Infra Portfolio B Portfolio optimization towards key business lines and strategic assets (2/2) C Creation of strategic partnerships and focus on capital optimization 2016 2017 - 2018 201
Slide 7: Unrivaled track record with ample asset management capabilities
Corporate Presentation Strategy … resulting in unrivaled track record with ample asset management capabilities Cement Infra Portfolio Key strengths highlighting Grupo Argos positioning 1 2 3 4 5 6 Deep sector and Unique sourcing Strong value creation Asset optimization and Brand reputation with Team
Slide 8: Operations under the Framework Agreement to divest Grupo Nutresa stake completed
Corporate Presentation Operations under the Framework Agreement to divest Grupo Argos’ stake in Grupo Nutresa were completed Compliance with the takeover bid for Grupo Argos will receive 13.7 million Grupo Nutresa shares (to carry out treasury shares and economic rights to an December the second swa
Slide 9: Framework agreement closed with the IHC and Grupo Gilinski
Corporate Presentation GRUPO ARGOS RESULTS 1Q2024 Framework agreement closed with the IHC and Grupo Gilinski Portfolio Before Closing the Framework Agreement Current Portfolio Post Liquidation of SP GA Economic GA Economic GA Economic Rights (ex. Rights (ex. Rights (ex. Subsidiaries) Subsidiaries) S
Slide 10: Evolution of Grupo Argos' Portfolio after the Grupo Nutresa Share Swap
Corporate Presentation GRUPO ARGOS RESULTS 2Q2024 Evolution of Grupo Argos’ Portfolio after the Grupo Nutresa Share Swap Investment Portfolio1 Investment Portfolio1 Spotlight on Infrastructure (2Q2023) (August 2024) SP will liquidate and distribute its shares in GS and GA SP $ 0,5 ▪ Value Disclosure
Slide 11: The corporate group's market cap grew over the last 12 months
Corporate Presentation The corporate group’s market cap grew by COP 13 tn over the last 12 months Price per share variation (last 12 months) Px/acc 12/08/2024 8.460 11.660 16.860 4.130 Px/acc 12/08/2023 3.411 6.290 9.680 2.585 148% Average= +92% 85% 74% 60% CemArgos (Ord) Grupo Argos (Pf) Grupo Argo
Slide 12: Simplification of structure in the infrastructure asset management business model
Corporate Presentation Strategy Simplification of structure in the infrastructure asset management business model 2 Cement Alternative Asset Manager → Infrastructure Portfolio 1 31% stake in Energy Argos Energy Energy Toll Road Airport Summit Transmission Real Estate ▪ Grupo Sura COL & CCA Generatio
Slide 13: Not all assets in our Portfolio consolidate line by line
Corporate Presentation Not all assets in our Portfolio1 consolidate line by line our Consolidated Financial Statements Cement Energy Concessions Real Estate Portfolio 31% of Real Argos Energy Asset Tollroads Airport • SP Summit Pactia Estate Grupo Sura COL & CCA Services Management Concessions2 Conc
Slide 14: Relevant changes in Consolidated Financial Statements from 2023 to 2024
Corporate Presentation Relevant changes in Grupo Argos' Consolidated Financial Statements from 2023 to 2024 *Only the Green Corridor 2023 2024 concession (Aruba) consolidates line by line Equity method Summit Materials (formerly Argos USA) Consolidation - Restatement of 2023 Financial Statements Arg
Slide 15: Cement Business
Corporate Presentation Cement Business 15 September 2024
Slide 16: Main Figures of the Cement Business
Corporate Presentation Cement Business Main Figures of the Cement Business Argos LATAM Operations 2023 Revenue* 2023 EBITDA* 1.23bn USD 255m USD 7.5bn USD Market Cap 921m USD 44% 42% 31% ownership Pro-forma EBITDA 2023 56% 58% 4th Largest cement player in US 6th Largest aggregates player in US Direc
Slide 17: Infrastructure Business
Corporate Presentation Infrastructure Business 17 September 2024
Slide 18: Creation of platforms by asset type
Corporate Presentation Infrastructure Business Creation of platforms by asset type Cement Infra Portfolio Professional manager with proven experience operating infrastructure platforms in the region Infrastructure Asset Management Energy Energy Transmission Energy Toll Road Airport Real Estate Gener
Slide 19: Consolidation and Operational Performance of Investment Platforms
Corporate Presentation Consolidation and Operational Performance of Investment Platforms Cement Infra Portfolio Energy Concessions Caoba C2 Energía Tesorito Laurel Roadways Airports • Thermal Gen. Platform • Solar platform < 8 MW • Partner: Macquarie Asset • Partner: Macquarie Asset • Tx and Dx Plat
Slide 20: Celsia – Two business, one Company
Corporate Presentation Energy Business Celsia – Two business, one Company Electric Utilities Asset Management 1.486 MW 1.3 M USD 138,3 M USD 734,2 M Installed Capacity Clients (Homes and Businesses) Ebitda Platforms 2023 AUM Celsia Celsia C2 Energía Laurel Tesorito Caoba Solar Farms Solar Roofs and
Slide 21: Odinsa Toll Roads
Corporate Presentation Odinsa Toll Roads Cement Infra Portfolio Odinsa Vías 59.7% 78.9% 52.6% 92% 100% Concession 1997-2027 2014-2043(1) 1997-2039(1) 2015-2045 2013-2035 Period DAT 2023 35,9k 7,2K 37,8K(2) 24K N/A Lenght 256km 136km 64km 267km 34km 2023a COP99bn COP302bn COP195bn COP16bn COP19k EBIT
Slide 22: Odinsa Airports
Corporate Presentation Odinsa Airports Cement Infra Portfolio Odinsa Airports 46,5% 65% Mariscal Sucre El Dorado 2013-2041 2007-2029(1) Concession Period ( Concession Fee 11,17%(2) 46,16%(3) 5,4 40,5 2023a PAX Millones Millones 2023a COP602bn COP556bn EBITDA [US$150m] [US$139m] Notss: US$1 = COP4,00
Slide 23: Robust Pipeline of Private Initiatives in Colombia
Corporate Presentation Robust Pipeline of Private Initiatives in Colombia with more USD 6,0 bn Cement Infra Portfolio IP Nuevo Aeropuerto de IP Bogotá El Dorado Max IP Campo de Vuelo Fase II Túnel de Oriente IP Conexión Centro IP Perimetral de la Sabana Cartagena Expansion project to maximize Projec
Slide 24: Other investments
Corporate Presentation Cemento Infra Portafolio Other investments 24 September 2024
Slide 25: Santa Marta land portfolio
Santa Marta NDU oversees a US$600 million land portfolio located throughout Colombia. Ciénaga Barranquilla, Pto. Colombia Cartagena Tubará Juan de Acosta Portfolio Composition Tamalameque The land portfolio includes different types of land such as: urban, suburban, rural, protected and port land. Al
Slide 26: Development Strategy
NDU´s main development activity is concentrated in Cartagena (Barú) and Barranquilla. Development Strategy Barranquilla, Our masterplans establish roads and public zones, allocate areas for urban facilities and zones Pto. Colombia of environmental relevance, define private lots for real estate devel
Slide 27: Corporate Governance
Corporate Presentation Board of Directors Corporate Governance Board of Directors Rosario Jorge Ana Cristina Jaime Palacio Claudia Juana Francisca Ricardo Córdoba Uribe Arango Indepenent Betancourt Llano Jaramillo Independent Independent Independent Non-independent Non-independent Non-independent (P
Slide 28: 12 years among the most sustainable companies in the world according to S&P
Inducción Sostenibilidad 12 years among the most sustainable companies in the world according to S&P "Grupo Argos and Cementos 1st 2nd 3rd Argos were recognized in the Dow Jones Sustainability Index as global leaders for their best practices in economic, social, environmental, and corporate governan
Slide 29: Project from Argos USA receives grant from the US Department of Energy
Inducción Sostenibilidad Project from Argos USA receives grant from the Department of Energy of USA • The United States Department of Energy released the list of high-impact projects aimed at reducing CO2 emissions, with initiatives totaling more than USD 20 billion, as part of its commitment to fin
Slide 30: Financial Results
Corporate Presentation Financial Results 30 September 2024
Slide 31: Consolidated EBITDA grows 41% YOY
Corporate Presentation GRUPO ARGOS RESULTS 2Q2024 Consolidated EBITDA grows 41% YOY Revenue EBITDA Net Income Net Inc. controlling interest Figures in COP tn Figures in COP tn Figures in COP bn Figures in COP bn +32% 0,5% +14% +41% +13% +566% +454% 4,0 6,8 8,2 8,2 3,4 2,4 1,0 0,7 Jun23 2T2023 Jun24
Slide 32: Separated Net Income reaches COP 2.7 trillion
Corporate Presentation GRUPO ARGOS RESULTS 2Q2024 Separated Net Income reaches COP 2.7 trillion Revenue EBITDA Net Income Figures in COP bn Figures in COP bn Figures in COP bn +224% +32% +305% +14% +13% +281% 3,2 2,7 3,1 0,98 0,8 0,7 2T2023 2T2024 2T2023 2T2024 2T2023 2T2024 Jun23 Jun24 Jun23 Jun24
Slide 33: Grupo Argos sound equity structure supported by a AAA rating
Corporate Presentation GRUPO ARGOS RESULTS 2Q2024 Grupo Argos sound equity structure supported by a AAA rating Gross Debt Consolidated COP bn Consolidated Net Debt1 COP bn Net financial expenses COP bn 14.584 445 12.147 42 392 1.725 12.248 923 15 567 42 8.680 3 0 284 5.444 5.658 1.335 215 179 174 5.
Slide 34: www.grupoargos.com
Corporate Presentation CEO CFO Jorge Mario Velasquez Alejandro Piedrahita Chief Officer for Corporate IR Director Affairs Carolina Arango Juan Esteban Mejia 315 8400 (574) 315 8400 carangoz@grupoargos.com jemejia@grupoargos.com www.grupoargos.com 34 September 2024
Slide 35: Corporate Presentation September 2024
Corporate Presentation 35 September 2024