Ferreycorp Saa · BVL:FERREYC1
Ferreycorp Saa — Ferreycorp — Q3 2023 Earnings Presentation
16 slides from Ferreycorp Saa's earnings presentation, October 2023
Slide 1: Earnings Presentation Third Quarter 2023
Earnings Presentation Third Quarter 2023 October 2023
Slide 2: Highlights: Advanced Dividends' payment
HIGHLIGHTS Advanced Dividends´ payment • The Board of Directors, in a session held on September 27 2023, agreed an advance dividend payment of S/ 100 million, which corresponds to fiscal year 2023 results. • This is equivalent of a cash dividend of S/ 0.1068 per share. • It was paid yesterday, Octob
Slide 3: Ferreycorp Profit Ratios
INTRODUCTION Ferreycorp Profit Ratios 20.3% 18.6% 18.8% 18.5% 16.7% 17.3% 17.2% 17.3% 15.9% 14.2% 14.0% 14.4% 14.1% 12.2% 12.8% 12.0% 11.2% 11.3% 10.9% 10.7% 9.9% 9.4% 9.1% 8.7% 8.3% 8.6% 8.4% 9.4% 7.3% 7.7% 7.6% 7.6% 5.4% Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Slide 4: Introduction: GDP, investment, mining and construction
INTRODUCTION GDP (Var %) 13.6% Public & Private Investment (Var %) 37.6% 2.8% 23.7% -0.9% -0.5% 2021 2022 3Q23 2023(E) 5.1% Mining and Construction GDP evolution -0.5% -1.5% (Var %) -3.2% -6.8% -6.6% 34.5% 2021 2022 3Q23 2023(E) 10.5% 8.4% 8.3% Private Invest. Public Invest. 3.4% -2.4% Private inves
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS Million Soles (S/ mm) SALES +6% 4,992 +8% 4,707 MARGINS +6% 28.8% 26.2% 25.9% 26.0% 24.5% 1,691 1,646 1,786 16.3% 13.6% 13.9% 13.6% 12.4% Q3'22 Q2'23 Q3'23 YTD 2022 YTD 2023 12.9% 10.2% 9.8% 10.2% 8.6% OPERATING PROFIT Q3'22 Q2'22 Q3'23 YTD 2022 YTD 2023 +2% Gross margin Operati
Slide 6: Evolution of Exchange Rates
EVOLUTION OF EXCHANGE RATES Soles Pesos Exchange rate Peru - Chile 5 1000 960 900 932 936 905 898 895 896 4.5 851 856 841 854 800 824 830 804 798 804 803 812 802 788 790 700 4 600 3.984 3.993 3.925 500 3.846 3.838 3.83 3.847 3.854 3.82 3.851 3.81 3.759 3.765 3.797 3.701 3.707 3.719 3.682 3.699 3.5 3
Slide 7: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) Net Income Adjusted Net Income +2% +4% 322 329 292 280 YTD 2022 YTD 2023 YTD 2022 YTD 2023 7
Slide 8: Financial Highlights - EBITDA
FINANCIAL HIGHLIGHTS - EBITDA Million Soles (S/ mm) EBITDA +4% 678 652 +19% -12% 276 243 204 Q3'2022 Q2'2023 Q3'2023 YTD 2022 YTD 2023 8
Slide 9: Sales by Business Lines
SALES BY BUSINESS LINES Million Soles (S/ mm) CAT MINING EQUIPMENT CAT MACHINES AND ENGINES -27% +9% +118% 297 215 +1% -23% +25% 124 814 885 96 44 260 323 326 Q3'22 Q2'23 Q3'23 YTD 2022 YTD 2023 Q3'22 Q2'23 Q3'23 YTD 2022 YTD 2023 SPARE PARTS AND SERVICES RENTAL AND USED +14% +1% +8% +44% +6% 2,810
Slide 10: Financial Highlights
Gross Margin Adj. 3Q 2022 = 27.1%, 3Q 2023 = 26.7% FINANCIAL HIGHLIGHTS Operating Margin Adj. 3Q 2022 = 11.3% ; 3Q 2023 = 10.7% Million Soles (S/ mm) Ebitda Margin Adj 3Q 20222 = 14.7% ; 3Q 2023 = 14.1% SALES MARGINS +6% 28.8% 4,992 26.2% 25.9% 26.0% 4,707 24.5% +6% 16.3% 13.6% 13.9% 13.6% 12.4% 1,6
Slide 11: Net Income
NET INCOME Million Soles (S/ mm) NET INCOME 3Q23 0 10 7 7 5 32 91 65 3Q'22 Δ Share of profit Δ D&A Δ Gain(loss) to Δ Financial exp Δ Income tax Δ EBITDA 3Q'23 of associated FX Positive variations Negative variations
Slide 12: Financial Highlights – Net Income
FINANCIAL HIGHLIGHTS – NET INCOME Million Soles (S/ mm) Net Income Adjusted Net Income 1… 121 115 119 115 106 111 103 91 87 62 65 1st Quarter 2nd Quarter 3rd Quarter 1st Quarter 2nd Quarter 3rd Quarter 2022 2023 2022 2023 12
Slide 13: Cash Generation and Liability Management
CASH GENERATION AND LIABILITY MANAGEMENT In Millions Dollars (US$ mm) Cash Balance Debt Maturity and Profile (In Millions US$) (In Millions US$) 258 233 203 Non- Current 41% Current 59% 130 104 103 97 100 84 80 71 74 59 63 62 54 55 53 50 53 32 42 5 8 2023 2024 2025 2026 2027 2028 > 2028 Mar'20 April
Slide 14: Total Assets and Cash Cycle
TOTAL ASSETS AND CASH CYCLE Million Soles (S/ mm) STATE OF FINANCIAL POSITION CASH CYCLE -1% 210 198 203 198 193 7,000 6,298 25 79 6,223 3 67 88 200 176 170 163 163 161 165 169 187 193 189 158 154 6,000 2.5 180 153 155 157 151 158 173 159 165 5,000 2 149 155 149 150 152 150 156 156 149 145 154 4,000
Slide 15: Capex
CAPEX In millions US$ 32 39 1 43 2 46* 50 2 0 Investment 49 30 34 12 36 7 7 7 8 53 20 25 15 11 10 -14 -14 -18 -38 -65 Disinvestment 2019 2020 2021 2022 3Q2023 • Investment in intangible assets reached US$ 1.7 million dollars as of September 2023 * Disclaimer: Capital Expenditures on Infrastructure i
Slide 16: Ferreycorp
Ferreycorp CAT UNIMAQ Cat Cat car car) SOLTRAK ¥ TREX ¥ MOTORED ¥ roams #| FARGO