Corporate Presentation

Transcription

1 Corporate Presentation March

2 Divisions of Grupo Carso at Dec-17 58% of revenues 28% of revenues 17% of revenues 0% of revenues* Retail and Consumption Department Stores Restaurants Technology and Entertainment Stores Industrial and Manufacture Construction Automotive Telecom Infrastructure Carso Energy and Construction Services for the Oil Carso Oil & Gas and Chemical Carso Electric Industries Tabasco Oil Co. Infrastructure Pipeline Installations Civil Construction Housing Other and Eliminations 3.0% 2

3 Outstanding Figures of Grupo Carso Leading Conglomerate in Mexico with diversified operations 4 business divisions: Retail and Consumption, Industrial and Manufacture, Infrastructure and Construction and Energy. Well known brands and formats such as: Sears, Sanborns, ishop/mixup, Saks Fifth Avenue Condumex, Precitubo, Sitcom, Microm, Sinergia, Equiter, Logtec CILSA, PC Construcciones, Urvitec Servicios Integrales GSM, Swecomex, Bronco Drilling México Figures (MM Ps) Net Sales $95,188 $93,593 EBITDA $14,578 $13,872 Total Assets $109,556 $118,848 Figures (MM Ps) CapEx 2016 $7,949 CapEx 2017 $5,823 Market Cap Dic 17 $148,153 Employees ,000 persons 3

4 Outstanding Figures at Dec-2016 and Dec-2017 Million Pesos (MM Ps) Var Var Sales 85,871 82,388 88,224 95, % 93, % Operating Income 17,277 9,090 10,329 13, % 12, % Op. Margin 20.1% 11.0% 11.7% 14.4% +270 bps 13.8% 60 bps EBITDA* 18,601 10,606 12,571 14, % 13, % EBITDA Mg. 21.7% 12.9% 14.2% 15.3% +110 bps 14.8% 50 bps Controlling Net Income 13,929 5,685 6,196 9, % 10, % Total Assets 90,181 91,710 94, , % 118, % Stockholders Equity 56,641 61,185 63,794 71, % 80, % *Note:2013includes$7,589MMPsasOtherIncomefromthesaleofPhilipMorrisMexicoaswellas$210MMPsfromrevaluationof investment properties in Grupo Sanborns. For the calculation of EBITDA, Other Income was not included for $226 MM Ps in 2014, Other Expenses of $398 MM Ps in 2015 and Other Income of $1,242 MM Ps in Sales in million Pesos CAGR: 6.4% $95,188 $78,678 $83,316 $85,871 $82,388 $88,224 $56,793 $64,196 $93,593 Operating and EBITDA margins Op. Mg. EBITDA Mg. 13.2% 12.8% 21.7% 12.6% 12.9% 14.2% 15.3% 10.6% 14.8% 10.8% 10.7% 8.8% 10.9% 20.1% 11.0% 11.7% 14.4% 13.8%

5 2016 and 2017 Results by Division Retail and Consumption Grupo Sanborns MM Ps Var% Sales 44,413 47,594 49, % Op. Income 4,908 6,620 5, % EBITDA 5,707 6,465 6, % Op. Mg. 11.1% 13.9% 10.4% EBITDA Mg. 12.8% 13.6% 12..7% Industrial and Manufacture Grupo Condumex MM Ps Var% Sales 26,951 29,049 28, % Op. Income 3,765 4,776 4, % EBITDA 4,053 5,127 4, % Op. Mg. 14.0% 16.4% 15.4% EBITDA Mg. 15.0% 17.7% 16.8% Infrastructure and Construction CICSA MM Ps Var% Sales 16,493 19,143 17, % Op. Income 1,941 2,370 2, % EBITDA 2,297 2,949 2, % Op. Mg. 11.8% 12.4% 12.4% EBITDA Mg. 13.9% 15.4% 15.6% 2017 Revenues by Division 0% 3% 2017 Op. Income by Division 28% 17% 58% GSanborns GCondumex CICSA Carso Energy Other & Elim. 1% 25% 13% 24% 39% GSanborns GCondumex CICSA Carso Energy Other & Elim. 5

6 Retail and Consumption Division 6

7 Retail and Consumption Grupo SANBORNS (58% of Consolidated Revenues at Dec 17) National presence including all its retail formats Revenues by Division 2017* EBITDA by Division 17% 25% 7% 51% Sears Sanborns Promusa Other 9% Sears 8% Sanborns 17% Promusa 66% EBITDA (MM Ps) and EBITDA Mg. (%) CAGR EBITDA= 6.4% $5,226 $5,500 $5,707 $6,466 $5,028 $4,457 $4,917 $6, % 13.5% 13.3% 13.6% 12.2% 12.9% 13.6% 12.7% EBITDA EBITDA Mg. Excluding Corporate Fee 7

8 Industrial and Manufacture Division 8

9 Industrial and Manufacture Grupo CONDUMEX (28% of consolidated sales at Dec 17) Industrial conglomerate focused mainly in the Telecom, Automotive and Construction and Energy divisions Revenues by Sector Markets 41% 20% 39% Telecom Automotive Construction Mobile and fixed telephone companies in Mexico and LatAm; Heavy Construction House renovations; Energy companies; Automotive Companies Revenues by Sector MM Ps Var% Telecom -8.8% Automotive Construction and Energy 10.3% 5.9% 9

10 Infrastructure and Construction Division 10

11 Infrastructure and Construction Carso Infraestructura y Construcción CICSA (17% of consolidates revenues at Dec 17) CICSA is one of the largest construction companies in Mexico, serving 5 business sectors: 1. Pipeline Installations; 2. Infrastructure Projects; 3. Civil Construction; 4. Manuf. & Services for the Oil & Chemical Industries 5. Housing 2017 Revenues by Sector 1% 1% 11% 11% 53% 23% Pipeline Installations Infrastructure Civil Construction M&S for Oil & Chemical Ind. Housing Other 2017 Op. Income by Sector 0% 15% 7% 19% 8% 51% Pipeline Installations Infrastructure Civil Construction M&S for the Oil&Chemical Ind. Housing Other Backlog Dec 2017* 1% 8% 16% 21% 54% * Includes non consolidated projects Pipeline Installations Infrastructure Civil Construction M&S for Oil&Chem. Ind. Housing Eastern Emission Tunnel; Guadalajara South, Mazatlán and Mitla Tehuantepec bypass roads, Additional services for oil drilling Natural gas and telephone pipelines 11

12 New International Airport of Mexico City 12

13 New International Airport of Mexico City In September 2016 the Mexico City Airport Group (GACM) chose the bid from the consortium formed by the subsidiary Operadora CICSA, S.A. de C.V. and other 3 participants, for the construction of Runway 3 of the New International Airport of Mexico City (NAICM). Runway 3 CICSA s participation of 25.0% (Gia+A, La Peninsular and Prodemex) Offer of $7,359 mm MXN Estimated beginning of operations: 2020 Terminal Building CICSA s participation of 14.28% (GIA+A, La Peninsular, Prodemex, Acciona, FCC Construcción and ICA) Offer of $84,828 MM MXN Estimated beginning of operations:

14 FCC Americas 50% JV On November 15, 2017 the Ministry of Public Works of the Republic of Panama granted the consortium formed by FCC and CICSA, the extension to 6 lanes at the signing of the contract for the following highway: Corredor de Playas Section 1 Chorrera Santa Cruz CICSA s participation of 49.0% (FCC Construcción) West Province of Panamá $543 mm PAB offered (USD $543 mm) Estimated beginning of operations: 2018 Other projects with FCC Americas Tunnel in Colombia Waste water Treatment Plant in Colombia 14

15 Energy Division 15

16 Carso Energy Carso ENERGY ( 0.2% of consolidated sales at Dec 17) In 2014 Grupo Carso carried out a corporate reorganization of its activities related to oil and energy, consolidating assets and expert human capital in Carso Energy, a new subsidiary with 2 divisions: Carso Oil & Gas: Leasing of oil Jack Ups, exploration and production of oil; Carso Electricity: Construction and operation of gas pipelines, electricity generation Oil & GaS Electric Alternative Energies 16

17 Gas Carso Pipelines Energy On January 2015 the Federal Electricity Commission of Mexico (CFE) chose Carso Energy S.A. de C.V. for the construction and operation of 2 gas pipelines through 25 year contracts in USD for gas transportation intexas, E.U.A. The consortim has a 51% participation with its partners Energy Transfer Partners LP and Mastec Inc. Waha Presidio NPV offered of USD $767 MM 238 kms long and 42 inches diameter Started operations in February 2017 Waha San Elizario NPV offered of USD $596 MM 313 kms long and 42 inches diameter Started operations in 2017 On September 2015 Carso Electric, a subsidiary of Carso Energy S.A. won the bid for the construction and operation of a gas pipeline between Sonora and Chihuahua. Carso Energy s participation is of 100%. Samalayuca Sásabe NPV offered of USD $471 MM 624 kms long and 36 inches diameter Estimated beginning of operations:

18 Gas Carso Pipelines Energy: New Projects On July 2017 Carso Oil and Gas, S.A. de C.V. won 2 blocks located in the Southeast of Mexico (Veracruz) for the exploration and exploitation of hydrocarbons. This was result of the CNH R02 L03 bid for the round 2.3 in land areas convened by the Mexican National Hydrocarbons Commission (CNH). Contract Area 12: First Phase: exporatory wells Light Oil and associated gas Minimum investment commitment of USD $12.9 MM Estimated date of beginning of exploration: 2018 Contract Area 13: First Phase: exploratory wells Light oil and associated gas Minimum investment commitment of USD $ 7.4 MM Estimated date of beginning of exploration: 2018 New Projects: Exploration and drilling of geotermic wells in Mexicali, B.C. and in Celaya, GTO. Estimated date of beginning of exploration:

19 Contacts: Forward Looking Statements: Certain statements in this corporate presentation may be related to expectations about future events of Grupo Carso. The phrases "will allow," "will," "estimate," "expect," "intend," "might," "should" and similar expressions generally indicate comments based on financial information, operating levels and conditions of the market to date. These statements are subject to factors such as volatility in metals prices, energy inputs and other inputs, the possibility of cyclical or seasonal business or consumer slowdown risks that are detailed in the Company's annual report and may cause actual results to differ materially from current expectations. Grupo Carso undertakes no obligation to publish a review on these forward looking statements to reflect events or circumstances occurring after the date of publication of this presentation. For more information: Arturo Spínola García Finance Director of Condumex and CICSA T. +52 (55) aspinola@gcarso.com.mx Trading Symbol: MSE: GCARSO A 1 OTC: GPOVY 2:1 Angélica Piña Investor Relations T. +52(55) napinag@gcarso.com.mx