Slide 1: Earnings Presentation Second Quarter 2022
Earnings Presentation Second Quarter 2022 August 2022 1
Slide 2: Agenda
Agenda 1. Introduction 2. Commercial Performance 3. Financial Results 2
Slide 3: Introduction
-Ferreycorp Introduction
Slide 4: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 20,3% 18,6% 16,7% 15,9% 14,2% 14,4% 12,9% 13,3% 12,2% 10,9% 9,9% 9,4% 9,1% 9,1% 8,0% 8,4% 8,3% 6,8% 6,7% 5,4% 7,0% 6,3% 5,8% 5,0% 5,2% 5,1% 3,6% 3,5% 3,4% 2,3% Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 ROE ROA ROIC 4
Slide 5: GDP, investment and mining and construction evolution
INTRODUCTION GDP (Var %) 13,3% PUBLIC AND PRIVATE INVESTMENT (Var %) 3,8% 3,6% 3,1% Private investment 37,6% affected in 2022 by 2020 2021 1Q22 2Q22 2022(E) business confidence 23,7% -11,0% 0,8% -0,2% 0,3% 0,0% 2,1% Mining and Construction GDP evolution (Var %) 2020 2021 1Q22 2Q22 2022(E) -13,7% 34,
Slide 6: Exchange rates: Chile CLP/USD and Peru PEN/USD
932 jun-22 824 may-22 851 abr-22 6 788 mar-22 798 feb-22 804 ene-22 845 dic-21 838 nov-21 812 811 oct-21 sep-21 775 ago-21 760 jul-21 722 728 jun-21 may-21 711 abr-21 Chile CLP / USD 720 722 mar-21 feb-21 735 ene-21 711 dic-20 772 767 nov-20 oct-20 788 sep-20 776 ago-20 757 jul-20 821 jun-20 806 may
Slide 7: Highlights
HIGHLIGHTS Dividends´ payment • On March 2022, the Shareholders´ Meeting approved a cash dividend of S/225.6 million. • This amount was defined by the upper limit of the dividend policy (60% of free disposal profits). • On October 2021 an advance cash dividend of S/100 million was paid. • The remain
Slide 8: 2. Commercial Performance
Ferreycorp 2. Commercial Performance
Slide 9: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES -70% -89% +11% -5% +40% +27% 182 190 96 91 313 57 282 274 224 285 Q3'21 Q4'21 Q1'22 Q2'21 Q2'22 Q3'21 Q4'21 Q1'22 Q2'21 Q2'22 SPARE PARTS AND SERVICES RENTAL AND USED -29% -16% -31% +6% -6% +19% 106 119 100 1
Slide 10: 3. Financial Results
-Ferreycorp 3. Financial Results 10
Slide 11: Financial Highlights
Gross Margin Adj. 2Q2021 = 26.2%, 2Q 2022 = 26.1% Operating Margin Adj. 2Q 2021 = 11.8% ; 2Q 2022 = 11.4% Ebitda Margin Adj 2Q 2021 = 15.8% ; 2Q 2022 = 15.1% FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES MARGINS 27,2% 27,6% -18% 25,6% 24,9% -15% +9% 23,5% 1.691 1.758 1.582 18,0% 1.434 1.454 17,2%
Slide 12: Net Income
NET INCOME Million Soles (S/ mm) NET INCOME 2Q2022 0 9 17 30 11 2 86 61 Positive variations 2Q'21 Δ Share of profit Δ D&A Δ Gain(loss) to Δ EBITDA Δ Financial exp Δ Income tax 2Q'22 of associated FX Negative variations 12
Slide 13: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT Million Dollars (US$ mm) CASH BALANCE 252 DEBT MATURITY AND PROFILE 199 120 Non- 105 104 100 Current 74 77 173 Current 50% 59 51 49 45 50% 135 72 60 54 29 4 2022 2023 2024 2025 2026 2027 2028 DEBT EVOLUTION 896 899 33 857 42 863 89 Local banks Foreign banks C
Slide 14: Total Assets and Cash Cycle
TOTAL ASSETS AND CASH CYCLE Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE -1% 210 203 7.000 3 198 193 198 6.053 6.046 200 189 54 76 52 169 176 6.000 163 163 161 165 2,5 153 150 157 5.000 2 150 4.000 1,07 1,5 100 76 3.000 0,88 67 63 64 62 64 69 62 1 56 57 57 52 50 2.000 45 50 0,5 53 55
Slide 15: Capex
CAPEX Million Dollars (US$ mm) CAPEX – FIXED ASSETS 43 19 4 29 38 1 4 2 12 4 25 34 6 3 12 22 46 2 17 10 28 8 4 5 18 8 11 9 23 -7 -8 -14 -14 -21 -33 2017 2018 2019 2020 2021 2022 Infrastructure Machinery and equipment Rental Fleet Vehicles, furniture and equipment Sale of fixed assets 15
Slide 16: Ferreycorp
-Ferreycorp