Grupo Argos S.a. · BVC:GRUPOARGOS

Grupo Argos — Q2 2014 Earnings Presentation

30 slides from Grupo Argos's earnings presentation, 2014

  1. Slide 1: 2Q2014 Results Presentation

    2Q2014 RESULTS PRESENTATION

  2. 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

  3. Slide 3: Highlight

    Highlight Revenues Ebitda Net Income 22% growth 22% growth 126% Growth 9% cement and 18% ready mix Excellent operating results, Increase its revenues 25% and Sarmiento Angulo concrete volumes increase. Ebitda increased by 29%. its Ebitda 44% in comparison Tower 3 investment with first semester 2013.

  4. Slide 4: Consolidated Results

    Consolidated Results 2Q Jan. - Jun. Jan. - Jun. Normalized Thousand million COP$ 2014 2013 Var. (%) 2014 2013 Var. (%) 2014 2013 Var. (%) Revenues 2.441 1.882 30 4.483 3.665 22 4.318 3.634 19 Costs & SG&A 1.957 1.551 26 3.559 2.946 21 3.408 2.920 17 Operating Profit 484 331 46 924 719 29 910 715 27

  5. Slide 5: Consolidated Results - Revenues

    Consolidated Results -Revenues + 135 +6 4.483 +6 +1 + 204 +5 + 35 + 426 3.665 Revenues Cement Energy Coal Ports Real Estate Corporative Divestment Dividends Revenues June 2013 June 2014 5

  6. Slide 6: Consolidated Results - Ebitda

    Consolidated Results - Ebitda +8 +3 + 13 +9 +6 1.201 + 128 -4 + 56 981 EBITDA June Cement Energy Coal Ports Real Estate Corporative Divestment Dividends EBITDA June 2013 2014 6

  7. Slide 7: Consolidated Results - Net Income

    Consolidated Results – Net Income + 96 +9 +6 306 - 11 + 32 +3 +3 + 31 135 Net Income June Cement Energy Coal Ports Real Estate Corporative Divestment Dividends Net Income June 2013 2014 7

  8. Slide 8: Business Results

    Business Results Million COP$ Cement Var. Energy Var. Others* Var. Holding Var. Elimination Consolidated Var. Revenues 2.763.123 18% 1.381.435 17% 120.116 72% 443.220 88% (224.672) 4.483.222 22% Gross Income 670.737 28% 562.513 31% 46.963 121% 291.732 39% (192.726) 1.379.219 30% Gross Margin 24,3% 4

  9. Slide 9: Consolidated Balance Sheet Jun. 2014

    Consolidated Balance Sheet Jun. 2014 June 2014 Assets 35,0 Short Term COP$ billones 30,0 25,0 6,7 8% 13% Permanent 20,0 10,2 Investments 15,0 30,4 29% PP&E 10,0 13,5 50% 5,0 0,0 Other Long Term Assets Liab. & Equity Asstes Equity Liabilities Minority Interest December 2013 Liabilities 30,0 Financial

  10. Slide 10: Non-Consolidated Results

    Non-Consolidated Results 2Q Jan. - Jun. Jan. - Jun. Normalized Thousand million COP$ 2014 2013 Var. (%) 2014 2013 Var. (%) 2014 2013 Var. (%) Revenues 261 94 177 487 245 99 322 215 50 Costs & SG&A 145 55 164 222 71 212 70 45 56 Operating Profit 116 39 196 265 174 52 252 170 48 EBITDA 118 40 195 267

  11. Slide 11: Non-consolidated Balance Sheet Jun. 2014

    Non-consolidated Balance Sheet Jun. 2014 June 2014 Assets 18,0 COP$ billones 16,0 1,8 14,0 3% Short Term 14% 12,0 10,0 8,0 16,5 Permanent 14,8 Investments 6,0 4,0 2,0 83% PP&E 0,0 Assets Liab. & Equity Assets Equity Liabilities December 2013 Liabilities 18,0 16,0 Financial Oblig. 14,0 1,8 Short Term

  12. Slide 12: Cement Business

    cb Cement Business ARGOS r \ GRUPO ARGOS 2 a |

  13. Slide 13: Jan – Jun. Volumes

    Jan – Jun. Volumes Ready Mix Concrete Sales Cement + 468 6.018 Colombia 21% + 228 Caribbean & 42% CA 8% Export + 64 5.504 USA - - 246 29% Southeast +3% +15% -34% +59% +9% YTD 2013 Colombia Caribbean & CA Export USA - YTD 2014 Southeast Ready mix concrete Cement Sales + 109 5.268 Colombia + 592 30% 3

  14. Slide 14: Financial Results

    Financial Results Revenues EBITDA EBITDA Margin (%) COP$ Billion COP$ Billion 2.763 600 2.800 +18% 533 +12% 2.400 2.336 500 476 19 +18% 2014 2.000 1.468 400 272 20 1.241 244 +12% 1.600 300 1.200 200 20 800 +18% 1.295 2013 261 1.095 232 100 +11% 21 400 0 0 2013 2014 2013 2014 0 10 20 30 1Q 2Q 1Q 2Q 2

  15. Slide 15: Energy Business

    Calima Dam, Valle del Cauca Energy Business 15

  16. Slide 16: Jan. – Jun. Volumes Gx y Dx

    Jan. – Jun. Volumes Gx y Dx Generated Energy in GWh + 328 3.432 + 97 3.120 - 151 +44% -9% +20% +10% YTD 2013 Celsia Zona Franca Celsia EPSA YTD 2014 Distributed Energy in GWh Generation Technology Type + 54 941 40% Hydro 887 60% Termo +6% YTD 2013 EPSA YTD 2014 16

  17. Slide 17: Financial Results

    Financial Results Revenues EBITDA EBITDA Margin (%) COP$ Billion COP$ Billion 1.381 600 567 1.400 +29% +24% 1.200 1.117 500 439 +47% 42 1.000 2014 804 400 336 +52% 40 529 800 228 300 600 200 +10% 400 43 589 577 -2% 2013 211 231 200 100 36 0 0 2013 2014 2013 2014 0 20 40 60 1Q 2Q 1Q 2Q 2Q 1Q 17

  18. Slide 18: Real Estate Business

    Situm urbanism development - Barranquilla Real Estate Business 18

  19. Slide 19: Highlights

    Highlights Project sales Property Business Barranquilla – Land development  Significant advances in the process of  Acquisition Sarmiento Angulo Offices - entitlement and sales of the projects. Tower 3 19

  20. Slide 20: Financial Results*

    Financial Results* Revenues EBITDA Margen EBITDA (%) COP$ billion COP$ billion 48 13,8 44,2 14 40 11 64 15 +3136% 2014 32 +64% 10 8 14 +216% 24 5 0,4 16 14,0 29 2 4 4 41 +528% 2013 9 8 -75 -1 2013 2014 -3 5 0 2013 2014 -4 -100 -50 0 50 100 1Q 2Q 1Q 2Q 2Q 1Q 20 *This information includes all the Real

  21. Slide 21: Ports Business

    Ports Business rN A 4, GRUPO ARGOS

  22. Slide 22: Highlights

    Highlights Barranquilla Port Facility Cartagena Port Facility  Compas received the first shipment of Diesel  Investments in ports facilities for US$150 for Zona Franca Celsia million. 22

  23. Slide 23: Financial Results

    Financial Results Revenues EBITDA EBITDA Margin (%) COP$ Billion COP$ Billion 61 20 19,1 60 +31% +81% 49 +18% 30 15 30 +19% 13,2 9 2014 45 32 25 10 30 8 +81% 30 +31% 5 10 15 31 2013 24 23 6 0 0 2013 2014 2013 2014 0 10 20 30 40 1Q 2Q 1Q 2Q 2Q 1Q 23

  24. Slide 24: Operational Figures

    Operational Figures # Containers Moved # Containers Imp and Exp. Bulk –General Cargo # Tons -4% +7% 51.134 10.000 9.369 -9% 2.000 49.040 1.807 50.000 8.539 1.691 8.000 40.000 21.042 1.500 23.732 4.674 885 -10% +13% 4.202 6.000 986 30.000 -10% 1.000 20.000 4.000 30.092 +31% 25.308 -16% 4.695 500 923

  25. Slide 25: Coal Business

    rN be A 4, GRUPO ARGOS

  26. Slide 26: Highlights

    Highlights  Sator maintains a line of growth, where positive Ebitda stands out in the last two months of the quarter. 26

  27. Slide 27: Financial Results

    Financial Results Revenues EBITDA EBITDA Margin (%) COP$ billion COP$ billion 35 2013 2014 32,2 0 -1 30 0 -1 +40% -0,7 0 -2 2014 25 23,0 -5 16 -3 -4 +15% 20 -4 -5 14 15 -6 -7 -38 10 16 +78% -5 2013 -8 5 -53 9 -9 0 -10 2013 2014 -11 -10,1 -60 -40 -20 0 1Q 2Q 1Q 2Q 2Q 1Q 27

  28. Slide 28: Grupo Argos – Debt Profile at June 2014

    Grupo Argos – Debt Profile at June 2014 $COP 813 billion Convertible bonds 750 200 500 100 178 200 581 250 130 128 100 60 0 0 18 2015 jul-14 agu-14 sep-14 mar-15 2015 2018 2020 Convertible Bonds Bank Loans Cost of Grupo Argos’ Debt (%) 6,0% 5,9% 5,9% 5,8% 5,6% 5,6% 5,7% 5,6% 5,7% 5,5% 5,5% 5,4% 5,2%

  29. Slide 29: Portfolio Investment

    Portfolio Investment June 2013 June 2014 Food Ports Food Ports 6% 2% 6% 2% Fi nancial Servi ces Cement 32% 30% Fi nancial Servi ces Cement 27% 38% COP$18.7 COP$22 Billion Billion Coa l Energy Coa l 2% 12% 2% Rea l Estate 16% Rea l Estate Energy 13% 12% +18% *The value of each investment for the comp

  30. Slide 30: www.grupoargos.com

    www.grupoargos.com Ricardo Sierra Nicolás Valencia CFO Investor Relations nvalenciap@grupoargos.com 30

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