Sociedad Matriz Saam S.A. · BCS:SMSAAM
Sociedad Matriz Saam — Q4 2016 Earnings Presentation
26 slides from Sociedad Matriz Saam's earnings presentation, Mar 10, 2017
Slide 1: Conference Call Presentation Fourth Quarter 2016 Results
Conference Call Presentation Fourth Quarter 2016 Results 1 March 10th, 2017
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
Slide 3: Agenda
Agenda SAAM at Results Capex Outlook a glance 2016 2016 2017 3
Slide 4: Agenda
Agenda SAAM at Results Capex Outlook a glance 2016 2016 2017 4
Slide 5: SAAM at a glance
SAAM at a glance Overview Investment Higlights SAAM provides Port, Towage and Logistics services Leader in tugboats and port terminals Quoted on the Santiago Stock Exchange, with a market capitalization of USD824 million (1) World class assets with state-of-the-art Controlled by Quiñenco with
Slide 6: Agenda
Agenda SAAM at Results Capex Outlook a glance 2016 2016 2017 6
Slide 7: Highlights 2016
Highlights 2016 Net Income for full year 2016 of US$54.5 million (+5.6 % compared to full year 2015 without extraordinary effects) Acquisition of 51% of Puerto Caldera in Costa Rica (SPC S.A. / SPGC S.A.) Infrastructure extensions in SVTI and TISUR completed and underway in TPG Fleet renewal plan 20
Slide 8: Financial Summary
Financial Summary Financial Summary 2015 2016 4Q2015 4Q2016 Δ Δ% Δ Δ% ThUS$ (1) Accumulated Accumulated Revenues 180,621 185,601 +4,980 +2.8% 749,848 717,097 -32,751 -4.4% EBITDA 46,182 49,770 +3,588 +7.8% 202,915 204,922 +2,007 +1.0% EBITDA Margin 25,6% 26.9% --- +1.3pp 27.1% 28.6% --- +1.5pp Profi
Slide 9: Financial Summary: EBITDA (Consolidated + PV)
Financial Summary: EBITDA (Consolidated + PV) EBITDA ThUS$ 2015 / 2016 EBITDA Distribution by Division 2016 18,449 1,563 14,879 Logistics 6.9% Towage 49.3% + 1.0% 202,915 204.922 Port Terminals 43.9% dic-15 Remolcadores Terminales Logística dic-16 Portuarios EBITDA Geographic Distribution 2016 • SAA
Slide 10: Towage
Towage 10
Slide 11: Towage – Relevant Milestones 2016
Towage – Relevant Milestones 2016 • SST Panama: Was awarded concessions’ contracts in Puerto Balboa (Pacific) and Puerto Cristobal (Atlantic) • SST Mexico: Renewal of concessions’ contracts in Altamira port • SAAM Honduras: Was awarded contracts in Puerto Cortes • Fleet renewal plan 2013-2017 comple
Slide 12: Towage – Results (Consolidated + PV)
Towage – Results (Consolidated + PV) Explanation 2015 / 2016 ThUS$ 2015 2016 Δ Δ% • Strong and stable results achieved in 2016 • Lower activity in SST North was offset by better Revenues 279,946 273,995 -5,951 -2.1% results obtained by South American companies EBITDA 102,495 100,931 -1,563 -1.5% • H
Slide 13: Port Terminals
ma Sdoim. aT ial : - ° a a ne Port Terminals
Slide 14: Port Terminals – Relevant Milestones 2016
Port Terminals – Relevant Milestones 2016 • Puerto Caldera (Costa Rica): Acquisition of 51% stake (SPC S.A. / SPGC S.A.) • Terminal Portuario de Guayaquil, TPG (Ecuador): 25% extra capacity through dock extension and cranes to cater for larger ships and improve productivity • Terminal Internacional
Slide 15: New Port: SAAM acquired 51% stake of the second major port in Costa Rica
New Port: SAAM acquired 51% stake of the second major port in Costa Rica Caldera Port description Puerto Caldera (SPC / SPGC) ownership (1) Caldera is located in a strategic location in Costa Rica, given its proximity and good connectivity with the city of San Jose. 51% SAAM Saret 9% Caldera Port Hi
Slide 16: Port Terminals - Results (Consolidated + PV)
Port Terminals - Results (Consolidated + PV) Explanation 2015 / 2016 • Our Ports Division improved results supported in ThUS$ 2015 2016 Δ Δ% TISUR (added in 2015) and the resilience of its other Revenues 245,945 275,616 +29,671 +12.1% operations, in spite of the lower results coming EBITDA 71,469 89
Slide 17: Logistics
Logistics 17
Slide 18: Logistics – Relevant Milestones 2016
Logistics – Relevant Milestones 2016 • New business strategy focused on providing Supply Chain services (warehousing, transport and shipping services) • New management and organizational structure adequate to the new strategy • Balance sheet optimization (real estate and none core assets, closing Co
Slide 19: Logistics – Results (Consolidated + PV)
Logistics – Results (Consolidated + PV) Explanation 2015 / 2016 ThUS$ 2015 2016 Δ Δ% • Lower result in foreign affiliated companies Revenues 223,957 167,486 -56,471 -25.2% • Reduction in ownership stake of Tramarsa EBITDA 28,952 14,073 -14,879 -51.4% • Stable results in Aerosan EBITDA Margin 12.9% 8
Slide 20: Agenda
Agenda SAAM at Results Capex Outlook a glance 2016 2016 2017 20
Slide 21: Capex 2016 (Consolidated + PV)
Capex 2016 (Consolidated + PV) Division CAPEX -2016 (US$ millions) Main Investments 2016 Fleet renewal Plan 2013-2017 (8 new tugboats in 2016) Towage US$46.8 Maintenance plan TPG: Dock extension and two new STS cranes purchase STI: Dock extension Port Terminals US$55.9 SVTI: Dock extension TISUR: ne
Slide 22: Agenda
Agenda SAAM at Executive Results Outlook a glance Summary 2016 2017 22
Slide 23: Outlook 2017
Outlook 2017 • SAAM successfully completed its first bond issuence • Dividend proposal of Ch$2 per share, to maintain strong and stable cash compensation to shareholders • CAPEX 2017 estimated in US$ 83 million • Towage Division: Strengthen leadership and presence in the region • Port Division: Succ
Slide 24: Contact
Contact Paula Raventós Fernando Lyon Head of Investor Relations Investor Relations Sociedad Matriz SAAM S.A. Sociedad Matriz SAAM S.A. Hendaya 60, 9th Floor, Santiago, Chile Hendaya 60, 9th Floor, Santiago, Chile (56-2) 2731-8240 (56-2) 2731-8215 praventos@saamsa.com flyons@saamsa.com www.saam.com w
Slide 25: Q&A To ask a question send through the webcast platform
Q&A To ask a question send through the webcast platform 25 March 10th, 2017
Slide 26: Conference Call Presentation Fourth Quarter 2016 Results
Conference Call Presentation Fourth Quarter 2016 Results 26 March 10th, 2017