Unión Andina de Cementos S.A.A UNACEM S.A.A.
|
|
- Cory Leonard
- 6 years ago
- Views:
Transcription
1 Unión Andina de Cementos S.A.A UNACEM S.A.A. J.P. Morgan 6th Annual Global Emerging Markets Corporate Conference February 23rd, 2015 Atocongo Plant, Lima
2 UNACEM S.A.A. Agenda 1.Overview 2.UNACEM Peru 3.Unicon and Firth 4.Celepsa 5.Skanon / Drake 6.UNACEM Ecuador 7.Preansa 8.Consolidated Financial Highlights Appendix
3 1. Overview
4 1.Overview UNACEM at a glance Floating Pension Funds 21.34% Nuevas Inversiones S.A % Sindicato de Inversiones y Administración S.A % Minor floating participation 10.96% 24.30% Inversiones Andino S.A. Cement Concrete Energy GEA Peru Chile - Colombia Sources: Company filings as of December 31 st,
5 1.Overview Macroeconomic environment GDP Growth (annual variation %) Real GDP and Inflation (bn PEN and % ) 5.8% 4.1% 4.8% 4.7% 4.7% 3.9% % 13.0% 11.0% 9.0% 2.4% 1.7% 2.4% 2.2% 1.4% 2.2% 2.5% 0.2% % 3.4% 3.7% 2.8% 3.3% 7.0% 5.0% 3.0% 1.0% 0-1.0% Peru Chile Colombia Ecuador USA Mexico Brazil e Real GDP Inflation Construction GDP vs. cement dispatches (variation %) Granted Infrastructure Investment (USD Billion) 17.8% 17.2% 15.8% 15.2% 8.9% 9.1% % 3.9% 2.9% 1.3% e Sources: INEI, Apoyo, Latin Focus Construction GDP Peruvian Cement Dispatches Granted Projects begininng
6 1.Overview Pipeline of infrastructure auctioned projects N Project Company Location Investment (USD Millions) Construction start 1 Metro de Lima - Línea 2 Consorcio Nuevo Metro de Lima Centro 5, Vía Expresa Javier Prado Graña y Montero Lima 900 Indefinido 3 Amp. Jorge Chávez Lima Airport Partners Lima Vía Parque Rímac OAS Lima Rutas Nuevas de Lima Odebrecht Lima Longitudinal de la Sierra Tramo 2 Consierra Tramo II La Libertad, Cajamarca Aeropuerto Internacional Chinchero Consorcio Kuntur Wasi Cusco Muelle Norte - Etapas 1 y 2 APM Terminals Lima Red Vial 4 (Autopista del Norte) Autopista del Norte Lima, Ancash, La Libertad Autopista del Sol Consorcio Vial del Sol La Libertad, Lambayeque, Piura Muelle de Minerales - Puerto Matarani Tisur Arequipa Puerto de Paita Terminales Portuarios Euroandinos Piura Panamerica Sur Consorcio Concesión Vial del Sur Sur Vía Expresa Sur Graña y Montero Lima Amp. Red Vial 6 Coviperu Lima, Ica 200 Indefinido 16 Terminal Portuario General San Martín Consorcio Paracas Ica Muelle de minerales - Puerto del CallaoConsorcio Transportadora Callao Lima IIRSA Centro - Tramo II Consorcio Desarrollo Vial del Perú (Deviandes) Lima, Junín, Pasco Modernización del Aeropuerto de Pisco Aeropuertos del Perú Ica Amp. Red Vial 5 Norvial Lima Sources: Ositran, Proinversión, APOYO Consultoría Total investment 12,432 6
7 2. UNACEM Peru Condorcocha Plant, Tarma (3,950 m.a.s.l)
8 2. UNACEM Peru Overview Cement Plants On October 1 st, 2012, UNACEM absorbed Cemento Andino to consolidate the largest cement company in Peru UNACEM has subsidiaries that provide power supply, raw materials supply, distribution channels and warehouse storage of UNACEM s products The Company has two cement plants, Atocongo and Condorcocha, which operate in the central region of the country where most of the population lives Atocongo Location: Lima Clinker Capacity: 4.8 million MT Cement Capacity: 5.5 million MT Clinker Production(2014): 4.3million MT Cement Production(2014): 3.8 million MT Limestone Reserves: 36 years Condorcocha Location: Junín Clinker Capacity: 1.9 million MT Cement Capacity: 2.1 million MT Clinker Production(2014): 1.6 million MT Cement Production(2014): 1.9 million MT Limestone Reserves: 158 years The Atocongo plant has an underground conveyor belt which leads directly to the Conchan Pier (port) in the Pacific Ocean, facilitating cement exports and raw material imports Both plants have their own power generation through two hydro power plants and one thermo power plant that provides a significant source of energy Financial Snapshot 2014 (USD MM) Distribution and Services Total Assets 2,799 Revenue 630 Progre-Sol Commercialization Hardware store with over 287 points of sale Supplies more than 7,200 independent hardware stores in the country EBITDA 258 EBITDA Margin 41% Local Ratings APOYO: AA Class: AAA Hatun-Sol Financing and Advising Product financing and advising families on building techniques Advices and provides financing to families and independent builders to finance cement and other construction products Duravía Solutions for road paving New service that offers efficient road paving techniques 8 Source: Company filings.
9 2. UNACEM Peru Peruvian cement market Group: Hochschild Location: Rioja San Martín Market Share: 2% Cement Capacity: 0.3 MT Clinker Capacity: 0.2 MT Group: Rizo-Patrón Location: Lima Atocongo Plant Junín Condorcocha Plant Market Share: 50% Cement Capacity: 7.6 million MT Clinker Capacity: 6.7 million MT Location: Pacasmayo - La Libertad Market Share: 19% Cement Cap: 2.9 million MT Clinker Capacity: 1.3 million MT Group: Gloria Location: Juliaca Puno Market Share: 5% Cement Cap.: 0.3 million MT Clinker Capacity: 0.3 million MT Location : Lima Market Share: 5% Imports: 0.5 million MT Location: Yura Arequipa Market Share: 15% Cement Cap.: 3.0 million MT Clinker Capacity: 2.0 million MT *Others: 4% Source: Asocem, INEI, SUNAT 9
10 2.UNACEM Peru Separated Unaudited Financial performance Revenues (USD Millions, 2014 accumulated) EBITDA and EBITDA Margin (USD Millions and %) EBTIDA EBTIDA Margin % % % 42.0% 41.0% 40.0% 39.0% 38.0% % 37.0% 36.0% % 34.0% % 32.0% % Q14 2Q14 3Q14 4Q14 Net income (USD Millions) Net debt (USD Millions) , Source: Company filings. Exchange rate from PEN to USD: : PEN/USD and 2014:2.989 PEN/USD 10
11 3. Unicon & Firth
12 3. Unicon & Firth Concrete Segment Overview UNACEM s concrete segment consists of two companies Unión de Concreteras S.A. (UNICON) and Firth Industries S.A. (Firth), forming the largest concrete group in Peru Market Positioning UNICON and Firth have 56.0% of market share (70% in the relevant area) in the concrete segment (2014) UNICON was founded in May 1996 In 2011, UNICON acquired 100% of Firth shares UNICON & Firth provided a variety of services such as: readymixed concrete, concrete for mining, concrete for paving, pumping services, girders and concrete sleepers and aggregates Commercial strategy Specialized in megaprojects and large constructions Commercial strategy Specialized in small to medium projects and constructions Financial Snapshot 2014 (USD MM) Assets and Capacity Total Assets 300 Installed Capacity 9.2 (million m 3 per year) Revenue 351 EBITDA 50 Concrete Plants 58 Facilities in Lima 13 Facilities in the rest of Peru 22 EBITDA Margin 14% Mixer Trucks 519 Source: Unicon. 12
13 3. Unicon & Firth Financial performance Revenues (USD Millions) EBITDA and EBITDA Margin (USD Millions and %) EBTIDA EBTIDA Margin % % 15.0% % 14.5% % 14.3% 14.0% % % % Net income (USD Millions) Net debt (USD Millions) Source: Unicon. Exchange rate from PEN to USD: : PEN/USD and 2014:2.989 PEN/USD 13
14 4. Celepsa
15 4. Celepsa Company description The company s main customer is UNACEM (29% of total sales), though it has a portfolio of 13 additional customers The company s asset is the hydroelectric plant El Platanal which generates 220 MW CELEPSA s strategy is to develop a balanced, efficient and competitive portfolio of electricity generation Hydroelectric Power Plant El Platanal Location: Lima Generation Capacity: 220 MW Availability Index (Unit 1): 99.68% Availability Index (Unit 2): 99.94% 100% of the production is sold through PPAs In November 2014, Celepsa acquired Hidro Eléctrica Marañon S.R.L., a 20 MW with a 88 MW PPA. The hydroelectric power plant will start operations in 2017 Financial Snapshot 2014 (USD MM) Company structure Total Assets 378 Revenue 91 90% 10% EBITDA 36 50% 99% 99% EBITDA Margin 39% Hidro Eléctrica Marañon SRL Source: Celepsa. 15
16 4. Celepsa Financial performance Revenues (USD Millions ) EBITDA and EBITDA Margin (USD Millions and %) EBTIDA EBTIDA Margin % % 51.5% % 60.0% % 39.4% 50.0% % % % % % Net income (UDS Millions) Net debt (USD Millions) Source: Celepsa. Exchange rate from PEN to USD: : PEN/USD and 2014:2.989 PEN/USD 16
17 5. Skanon / Drake
18 5. Skanon / Drake Company Description Products and Brands Drake UNACEM s start up subsidiary located in Arizona, USA, with state-of-the-art facilities There are six main competitors in the market where Drake holds the 2 nd and 3 rd largest market share in concrete and cement respectively UNACEM took advantage of the low prices during the crisis to build Drake Cement Drake has a strong growth potential as the United States recovers from the crisis The company s mission is to be recognized as the leading and most respected provider of construction materials Various concrete products depending on specifications Grout Slurry Shotcrete ABC (Aggregate Base Course) Crushed rock Concrete and mortar sand Recycled concrete and asphalt ASTM C 150 Type II/V (LA) Clinker Type II/V Off-spec cement Financial Overview 2014 (USD MM) Business Strategic Plan Total Assets 489 Revenue 83 EBITDA -8 EBITDA Margin -9% Vertical Integration Strategic Alliances & Partnerships Vision Core Values Source: Skanon. 18
19 0.0 % -5.0% -10.0% -15.0% -20.0% -25.0% -30.0% -35.0% 5. Skanon / Drake Financial performance Revenues (USD Millions ) EBITDA and EBITDA Margin (USD Millions and %) 83 EBTIDA EBTIDA Margin % -10.5% -9.3% % Net income (UDS Millions) Net debt (USD Milliona) Source: Skanon. 19
20 6. UNACEM Ecuador
21 6. UNACEM Ecuador Company Description UNACEM Ecuador was acquired during 2014, consolidating and closing the transaction by mid November 2014 with all regulatory permits The company has the widest product portfolio in the market, tailored for the construction sector UNACEM Ecuador is a fully integrated company with high performance assets UNACEM Ecuador has a prime logistical operation with 100% bags delivered door to door Excellence in stakeholder relationship The plant is currently operating at 100% capacity Operations Otavalo 2 Lines: 1 Kiln SPH and 1 Kiln AS precalciner Location: Imbabura (100km North of Quito) Clinker Capacity: 1.0 million MT Cement Capacity: 1.5 million MT Production (2014): 1.5 million MT Financial Overview 2014 (USD MM) Ownership structure Total Assets 226 Revenue % Inversiones Imbabura S.A % EBITDA % 99.99% EBITDA Margin 43% Source: UNACEM Ecuador. Cantyvol S.A. Lafarge Servicios Generales S.A. 21
22 44. 0% 42. 0% 40. 0% 38. 0% 36. 0% 34. 0% 32. 0% 6. UNACEM Ecuador S.A. Financial performance Revenues (USD Millions ) EBITDA and EBITDA Margin (USD Millions and %) EBTIDA EBTIDA Margin Net income (USD Millions) Net debt (USD Millions) Source: UNACEM Ecuador. 22
23 7. Preansa
24 7. PREANSA Peru & Chile Company Description Production Capacity Prefabricados Andinos Perú S.A.C. (PREANSA Perú) is a subsidiary of UNACEM which mainly produces prestressed industrialized concrete structures Pillars Peru 90 m/day Pillars Chile 60 m/day The business has a strong growth potential and already has tripled sales in the past 3 years Industrial Belts 400 m/day Industrial Belts 300 m/day PREANSA Peru was founded in 2007 with UNACEM holding 50% of ownership In January 2014, UNACEM acquired 51% of ownership of Preansa Chile. An it is starting to develop a plant in Colombia that will start operations in 1Q15. Prestresse d light beams Prestresse d heavy beams 100 m/day 220 m/day Prestressed light beams Prestressed heavy beams Mezzanine Elements 120 m/day 60 m/day 300 m/day PREANSA has presence in Peru, Chile and, soon, Colombia Mezzanine Elements 140 m/day Wall panel 80 m/day Financial Overview 2014 (USD MM) Ownership structure Peru Chile Total Assets 16 Total Assets % 51.0% Revenue 8 Revenue 20 Prefabricados Andinos Perú S.A.C. Prefabricados Andinos S.A. (Chile) EBITDA 2 EBITDA 3 EBITDA Margin Source: Preansa. 30% EBITDA Margin 14% 100% Prefabricados Andinos Colombia S.A.S. 24
25 7. PREANSA Financial performance Revenues (USD Thousands ) EBITDA (USD Thousands ) Peru Chile Peru Chile 20,430 3,606 2,486 2,429 2,852 7,899 10,049 8,236 1,649 5,366 Net income (USD Thousands ) Net debt (USD Thousands ) Peru Chile Peru Chile 1,710 3,337 3,094 2,928 1, ,952 1, Source: Preansa. Exchange rate from PEN to USD: : PEN/USD and 2014:2.989 PEN/USD 25
26 8. Consolidated Financial Highlights
27 8. Consolidated Financial Highlights Consolidated debt Currency debt profile (USD Millions ) Debt profile (As of 4Q14) PEN, 290 Short term 15% USD, 1,330 Long term 85% Debt amortization profile (USD Millions) From 2020 UNACEM separeted Celepsa Unicon Skanon Preansa UNACEM Ecuador 27
28 Unión Andina de Cementos S.A.A - UNACEM S.A.A. J.P. Morgan 6th Annual Global Emerging Markets Corporate Conference February 23rd, 2015 Atocongo Plant, Lima
29 Appendix
30 1.Overview History Cemento Andino starts the construction of the Condorcocha plant Military government confiscates Cemento Andino and Cementos Lima UNICON is created from the merger of COPRESA and HORMEC Constitution of Compañía Peruana de Cemento Portland Cementos Lima S.A. is founded (predecessor of UNACEM) Cementos Lima is privatized for a second time, allowing the Rizo- Patrón group to gain control of the company Cementos Lima triples its cement production capacity (from 1.5 million MT to 4.5 million MT) UNACEM has almost 60 years of successful operations in the Peruvian market
31 1.Overview History (cont.) Atocongo Plant Conchan Pier underground conveyor belt is completed Drake Cement begins operations in the US. UNICON acquires Firth Expansion of kiln 1 from 4.5 million MT to 5.5 million MT in the Atocongo plant is concluded Cemento Andino is privatized and the Rizo-Patrón group recovers control of the company Compañía Eléctrica el Platanal S.A. ( CELEPSA ) hydro power plant begins its operations UNACEM is founded as a result of a merger between Cementos Lima and Cemento Andino. Condorcocha kiln IV expansion is concluded UNACEM acquires Lafarge in Ecuador and is now present in 5 countries: Peru, Ecuador, U.S., Chile and Colombia developing new business segments and entering new markets in the region
32 Skanon UNACEM holds 94.6% of Drake Cement through wholly owned subsidiary Skanon Investments North America In 2013, UNACEM constituted a Preansa subsidiary in Colombia which is expected to start operations in 4Q15 Arizona - USA In November 2014, UNACEM acquired 98.57% of Lafarge Cementos S.A today UNACEM Ecuador S.A. South America UNACEM has several subsidiaries in Peru, country where it leads the cement industry with 50% market share Concrete market share: 60% Colombia Ecuador Peru In January 2014, the board of directors approved the acquisition of 51% of Prefabricados Andinos S.A. (Preansa) in Chile for US$ 7.1 MM Chile
14 de febrero de 2018 Lima. Atocongo Plant, Lima
14 de febrero de 2018 Lima Atocongo Plant, Lima UNACEM S.A.A. Agenda 1.Overview 2.UNACEM Peru 3.Unicon and Concremax 4.Celepsa 5.Skanon / Drake 6.UNACEM Ecuador 7.Preansa 8.Consolidated Financial Highlights
More information2018 Emerging Markets Corporate Credit Conference
2018 Emerging Markets Corporate Credit Conference May 30th June 1st Fontainebleau Resort Miami Beach, Florida Atocongo Plant, Lima UNACEM S.A.A. Agenda 1.Overview 2.UNACEM Peru 3.Unicon and Concremax 4.Celepsa
More informationXXIII Santander Latin America Conference
XXIII Santander Latin America Conference January 16th 18th, 2019 Cancun - Mexico Atocongo Plant, Lima UNACEM S.A.A. Agenda 1.Overview 2.Recent Events 3.UNACEM Peru 4.Unicon and Concremax 5.Celepsa 6.Skanon
More informationOSITRAN s Institutional Framework
2008/SOM3/EC/SEM/009 Agenda Item: 3 OSITRAN s Institutional Framework Submitted by: Peru Seminar on Best Practices in Regulation and Promotion of Efficiency in Transport Infrastructure Facilities Lima,
More informationAcquisition of Lafarge s assets in Honduras
Mural of premixed architectonical ready-mix, Bogotá, Colombia Barco Selenna, muell de Haití Exportaciones desde el puerto Cartagena, Colombia Acquisition of Lafarge s assets in Honduras September 2013
More informationPeru: Investment Opportunities Infrastructure and public services
Peru: Investment Opportunities Infrastructure and public services 2017-2018 Carlos Ganoza Chief of Advisors Ministry of Economy and Finance April 19th 1 PERU S STRONG MACROECONOMIC CREDENTIALS ALLOW FOR
More informationTelecommunication Projects for Regions of Peru Fund for Investments in Telecommunications - FITEL
Telecommunication Projects for Regions of Peru Fund for Investments in Telecommunications - FITEL What is FITEL? FITEL is a fund for the provision of universal access, meaning such access in the country
More informationPERU: LAND OF OPPORTUNITIES
PERU: LAND OF OPPORTUNITIES PERU: POPULATION Chancay Department Area % Population Population Piura 6.12% 1,906,481 La Libertad North 5.90% 1,837,947 Lambayeque 21% 4.06% 1,264,757 Cajamarca 5.06% 1,576,273
More informationPeru: Investment Opportunities Infrastructure and public services
Peru: Investment Opportunities Infrastructure and public services 2017-2018 PERU S STRONG MACROECONOMIC CREDENTIALS Real GDP, 2004-2018* (%Variation) Real GDP Forecasts for Latin America 2017 (Annual Average
More informationINFRASTRUCTURE GAP
INFRASTRUCTURE GAP 2016-2025 GAP BY SECTORS THROUGH 2025 Other 28% Transportion 36% Strategic pillar: Telecoms 17% Energy 19% Total gap: US$ 159,6 billion Source: AFIN NATIONAL INFRASTRUCTURE PLAN STATE
More informationPrivate Investment and Public Works
Our Law Firm l Our Team l Practice Areas l Pro Bono PERU REPORT FROM THE EDITOR Welcome to the October edition of Estudio Echecopar's Newsletter. As the new administration reaches its first 100 days in
More informationSantander 22 nd Annual Latin American Conference. Cancun, January 2018
Santander 22 nd Annual Latin American Conference Cancun, January 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationInvestment Highlights
Third Quarter 2014 Investment Highlights 1 Mexican airport portfolio positioned to take full advantage of global growth. 2 Diversified business model contributing to earnings resilience. 3 Well-defined
More informationMay El Dorado International Airport. Aeropuerto Internacional El El Dorado
May 2018 El Dorado International Airport. Aeropuerto Internacional El El Dorado ABOUT ODINSA We are a Colombian concession company that belongs to Grupo Argos, dedicated to the structuring, promotion,
More informationInvestment Highlights
Second Quarter 2014 Investment Highlights 1 Mexican airport portfolio positioned to take full advantage of global growth. 2 Diversified business model contributing to earnings resilience. 3 Well-defined
More informationUpdated on November 28, 2016
Investment Opportunities in Public infrastructure and Public Service Infrastructure ProInversion (State Initiatives and Unsolicited proposals projects) 2016-2018 Updated on November 28, 2016 LONGITUDINAL
More informationEndless investment opportunities in public infrastructure and services Carlos Herrera Investors Servicing Director
Endless investment opportunities in public infrastructure and services 2014-2015 Carlos Herrera Investors Servicing Director PROINVERSION The State agency for the private investment promotion. Promotes
More information-2SD +2SD -3SD -2SD -3SD -2SD
National 1975 0. -5.99 2.2 39.7 16.1 00218 URBAN 0. -5.99 0.9 30.2 10.9 URBAN 0. -5.99 1.0 31.8 9.5 Region natural: Costa URBAN 0. -5.99 0.4 19.1 6.3 Region natural: Lima URBAN 0. -5.99 0.0 43.6 30.8 Region
More informationUBS 14 th Global Emerging Markets Conference. New York, November 2016
UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationBank of America Merrill Lynch Emerging Markets Corporate Conference. Miami, June 2016
Bank of America Merrill Lynch Emerging Markets Corporate Conference Miami, June 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial
More informationFOREIGN INVESTMENT IN LATIN AMERICA AND THE CARIBBEAN 2002 REPORT
FOREIGN INVESTMENT IN LATIN AMERICA AND THE CARIBBEAN 2002 REPORT United Nations ECLAC Structure of the 2000 Report Chapter I: Regional Overview Chapter II: Andean Community Chapter III: International
More informationInternational economic context and regional impact
Contents I. GDP growth trends in Latin America and the Caribbean in 2012 II. Regional performance in 2012: Inflation, employment and wages External sector Policies: Fiscal and Monetary III. Conclusions
More informationPerú: Economic and Political Overview
Perú: Economic and Political Overview Economy Growth GDP: Quarterly Growth - Develop vs. Emerging vs. Perú Latin-American GDP Economy Growth MM. S/. 250000 Gross Domestic Product 200000 150000 100000 50000
More informationThe Latin America & Caribbean Market!
Light up the path to The Latin America & Caribbean Market! 6-8 July, 2016 ATLAPA Convention Center, Panama www.inter-lumi.com Interlumi Panama, organized by America Expo Group, as a new member of the global
More informationCorporate Social Responsibility in the Peruvian Mining Industry Milpo s experience. Lima, September 2016 Q & A
Corporate Social Responsibility in the Peruvian Mining Industry Milpo s experience Lima, September 2016 Q & A VOTORANTIM METAIS Our key knowledge as a Peruvian mining company has been complemented since
More informationInvestment Opportunities in Public infrastructure and Public Service Infrastructure ProInversion (State Initiatives and Unsolicited proposals
Investment Opportunities in Public infrastructure and Public Service Infrastructure ProInversion (State Initiatives and Unsolicited proposals projects) THE AMAZON WATERWAY (Second call) CALLED Loreto
More informationDeutsche Bank 16 th Annual Global Emerging Markets. New York, September 2017
Deutsche Bank 16 th Annual Global Emerging Markets New York, September 2017 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and
More informationBank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference. Miami, May 2018
Bank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference Miami, May 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated
More informationSustainable Tourism Development for Inclusive Growth and Employment Creation: Peru Experiences
2017/HLPD-ST/009 Session: 2.3 Sustainable Tourism Development for Inclusive Growth and Employment Creation: Peru Experiences Submitted by: Peru High Level Policy Dialogue on Sustainable Tourism Ha Long,
More informationAlianza del Pacífico. October, Germán Ríos May 2012
Alianza del Pacífico October, 2011 Germán Ríos May 2012 Table of Contents The integration process in Latin America The future is Asia Latin America and Alianza del Pacífico The integration process in Latin
More informationResults Presentation Odinsa
Results Presentation 2015 Odinsa 1. Change in Management 2. Strategic Strengths 3. Highlights 4. Consolidated Results as of December 2015 2 Change in Management Mauricio Ossa Echeverri Odinsa s president
More informationForward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor
2017 Annual Meeting of Shareholders Presentation May 2017 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor statements"
More informationResults 2 nd Quarter 2004
Grupo Posadas, s, S.A. de C.V. & Subsidiaries July 28 th, 2004 Results 2 nd Quarter 2004 Cosolidated revenues increased 11% EBITDA increased 15% Recovery on REVPAR 3 new openings in the 2Q04, which sum
More informationInvestment Opportunities in public infrastructure and public services ProInversión (State Initiatives and Unsolicited proposals projects)
Investment Opportunities in public infrastructure and public services ProInversión (State Initiatives and Unsolicited proposals projects) 2017-2018 July 20, 2017 Longitudinal de la Sierra Road section
More informationPeru: Investment Opportunities
Peru: Investment Opportunities Luis Miguel Castilla Minister of Economy and Finance March, 214 Outline Peruvian Outlook Strong macroeconomic buffers to face external shocks Investment opportunities Challenges
More informationINVESTMENT PROJECTS IN THE PERUVIAN MINING
INVESTMENT PROJECTS IN THE PERUVIAN MINING ROMULO MUCHO Rio de Janeiro, October 21st, 2016 romulomucho1@gmail.com PERU'S GEOGRAPHIC INFORMATION COUNTRY OVERVIEW ECONOMIC GROWTH RATES Latinamerica projections:
More informationDeutsche Bank Andean Region Conference. London, May,2016
Deutsche Bank Andean Region Conference London, May,2016 1 The Company A Worldwide company present in 84 ports distributed in 15 countries in the Americas. Established in 1961. Headquarters in Chile. 2015
More informationInvestment Opportunities in public infrastructure and public services ProInversión (State Initiatives and Unsolicited proposals projects)
Investment Opportunities in public infrastructure and public services ProInversión (State Initiatives and Unsolicited proposals projects) 2017-2018 April 21,2017 Longitudinal de la Sierra Road section
More informationCopa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006
Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Panama City, Panama --- March 7, 2007. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa
More informationThe Financial Agenda: Investment Climate in South America
The Financial Agenda: Investment Climate in South America Guayaquil, Ecuador Clay B Dickinson Managing Director, Latin America Hotel and Hospitality Source: Traveltobank.com Global Hotel Investment Market
More informationResults 1 st Quarter 2005
Grupo Posadas, s, S.A. de C.V. & Subsidiaries April 28, 2005 Results 1 st Quarter 2005 Total revenues increase 13% in the quarter Higher demand in urban hotels Better results in coastal hotels 3 openings
More informationCONSTRUCTION SERVICES FOR MINING
CONSTRUCTION SERVICES FOR MINING WWW.STRACONGYM.COM 1 LEADING WORLD CLASS MINING CONTRACTOR IN LATIN AMERICA OUR VALUES ARE THE INPUT FOR OUR ETHICS CHARTER, POLICIES, PROCESSES, LEADERSHIP STYLE, AND
More informationJ.P. Morgan 9 th Annual Global Emerging Markets Corporate Conference. Miami, February 2018
J.P. Morgan 9 th Annual Global Emerging Markets Corporate Conference Miami, February 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION MARCH 214 1 DISCLAIMER THIS DOCUMENT HAS BEEN PREPARED BY PARQUE ARAUCO FOR THE PURPOSE OF PROVIDING GENERAL INFORMATION ABOUT THE COMPANY. The Company assumes no responsibility for,
More informationInvestment Opportunitiesin Public infrastructure and Public Service ProInversion Updated to April 22, 2015
Investment Opportunitiesin Public infrastructure and Public Service ProInversion 2015-2017 Updated to April 22, 2015 WHY INVEST IN PERU? 1. Internationally acknowledged macroeconomic soundness 2. Friendly
More informationNOVEMBER YEAR III LATIN AMERICA&CARIBBEAN MID-MARKETS: OPPORTUNITIES IN THE REGION
NOVEMBER 2011 - YEAR III MARKETWATCH LATIN AMERICA&CARIBBEAN MID-MARKETS: OPPORTUNITIES IN THE REGION THE REGION IN PERSPECTIVE LAC in Perspective - 2011 Facts % of the world 595 mi people 9,3 $ 5,8 tri
More informationCorporate Presentation April 2018
Corporate Presentation April 2018 1 Grupo Hotelero Santa Fe Ticker: HOTEL (BMV) Financial Highlights (LTM March 31, 2018 ) Revenue: Ps. 1,769 million (US 96 million) EBITDA: Ps. 603 million (US 33 million)
More informationLANXESS Innovation, market-focus and agility as success-factors in a fast changing chemical industry
LANXESS Innovation, market-focus and agility as success-factors in a fast changing chemical industry Matthias Zachert, CEO LANXESS AG GPCA Annual Forum, November 28 th, 2016, Dubai 2 LANXESS Innovation,
More informationABX. Holdings, Inc. BB&T Transportation Conference. February 2008
ABX Holdings, Inc. BB&T Transportation Conference February 2008 1 Safe Harbor Statement Except for historical information contained herein, the matters discussed in this presentation contain forward-looking
More informationMexico at a Glance. Toronto, December 2013
Mexico at a Glance Toronto, December 2013 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 Billion Dollars 1990 s the land of opportunity but not for the faint of heart NAFTA Dynamic growth in the industrial
More informationCS Peru Commercial Briefing Americas Business Forum
CS Peru Commercial Briefing Americas Business Forum September 12-14, 2012 Sheryl Maas Senior Commercial Officer Lima, Peru Peru Population: 29 Million Capital: Lima (Pop. 9 million) Other Major Cities:
More informationXXXIX REPICA, JULY 25-28, 2017, BELIZE CITY, BELIZE
LA IMPORTANCIA DE LAS ASOCIACIONES PUBLICO PRIVADAS EN EL DESARROLLO PORTUARIO XXXIX REPICA, JULY 25-28, 2017, BELIZE CITY, BELIZE Jorge Durán Chief of the Secretariat Inter-American Committee on Ports
More informationResults 3 rd Quarter 2003
Grupo Posadas, s, S.A. de C.V. & Subsidiaries October 28 th, 2003 Results 3 rd Quarter 2003 Total revenue and EBITDA increased by 10 and 12 % respectively Coastal hotels continue to improve, rates on urban
More informationInvestment Opportunities in Public infrastructure and Public Service Infrastructure ProInversion Updated to September 2
Investment Opportunities in Public infrastructure and Public Service Infrastructure ProInversion 2014-2015 Updated to September 2 TRANSPORT INFRASTRUCTURE THE AMAZON WATERWAY CALLED Loreto Ucayali Implementation
More informationCorporate Presentation April 2018
Corporate Presentation April 2018 1 Grupo Hotelero Santa Fe Ticker: HOTEL (BMV) Financial Highlights (LTM June 30, 2018 ) Revenue: Ps. 1,873 million (US 94 million) EBITDA: Ps. 627 million (US 32 million)
More informationINFRASTRUCTURE GAP
INFRASTRUCTURE GAP 2016-2025 GAP BY INDUSTRY THROUGH 2025 Other 28% Transport 36% Strategic pillar: Telecoms 17% Energy 19% Total gap: US$ 159,6 billion Source: AFIN NATIONAL INFRASTRUCTURE PLAN STATE
More informationJ.P. Morgan 2019 Global Emerging Markets Corporate Conference. Miami, February 2019
J.P. Morgan 2019 Global Emerging Markets Corporate Conference Miami, February 2019 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial
More informationInvestor Presentation
Investor Presentation Communication financière Publication semestrielle Octobre 2016 Company at a glance : the leading port operator in Morocco 36,3 millions of tons Traffic (2016) Mad 2 567 mn USD 254
More informationAn Introduction to the Peruvian Economy. Renzo Del Giudice ( 洛子謙 )
An Introduction to the Peruvian Economy Renzo Del Giudice ( 洛子謙 ) Introduction I would like to introduce you one of the best performing economies in Latin America: Peru. First, I will explain about the
More informationTIQ Latin America. Mining - METS
TIQ Latin America Mining - METS Latin America Overview Latin America Overview Mining Investments in Latin America Source: Latin America Mining and Energy Consensus Forecast Trade Mission October 2015 2
More informationAviAlliance The Airport Management Company
AviAlliance The Airport Management Company Q4 / 2017 Contents AviAlliance GmbH page 3 Airport portfolio page 4 14 Athens International Airport page 5 Budapest Airport page 7 Düsseldorf Airport page 9 Hamburg
More informationHeathrow (SP) Limited
Draft v2.0 10 Feb Heathrow (SP) Limited Results for year ended 31 December 2013 24 February 2014 Strong operational and financial performance in 2013 Passenger satisfaction at record high and over 72 million
More informationResults 1 st Quarter 2004
Grupo Posadas, s, S.A. de C.V. & Subsidiaries April 30 th, 2004 Results 1 st Quarter 2004 Consolidated revenue decreased 1.3%. Revenew and Conectum progress is on track in order to improve the profitability
More informationISA AND ITS BUSINESS UNITS
Directly and through its 30 affiliates and subsidiaries, ISA executes important projects in linear infrastructure systems that enhance continental development. For such purpose, its activities are focused
More informationThird Quarter 2015 Results
Third Quarter 2015 Results Investment Highlights Positioned to take full advantage of global growth Diversified business model Well-defined strategy to capitalize on favorable industry dynamic Successful
More informationLAN AIRLINES REPORTS NET INCOME OF US$4.2 MILLION FOR THE SECOND QUARTER OF 2009
FOR IMMEDIATE RELEASE LAN AIRLINES REPORTS NET INCOME OF US$4.2 MILLION FOR THE SECOND QUARTER OF 2009 Santiago, Chile, July 28, 2009 LAN Airlines S.A. (NYSE: LFL), one of Latin America s leading passenger
More informationConcession of the International Airport of Chinchero Cusco (AICC)
Concession of the International Airport of Chinchero Cusco (AICC) J U A N J O S É C Á R D E N A S R E B A Z A, A L C Á Z A R & D E L A S C A S A S A B O G A D O S S E P T E M B E R 1 9, 2 0 1 4 The problem
More informationINVESTOR PRESENTATION FOURTH QUARTER 2017 RESULTS
INVESTOR PRESENTATION FOURTH QUARTER 2017 RESULTS This presentation may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These
More informationInvestor Presentation
Investor Presentation ICR XChange January 17, 2008 Forward-Looking Statements Some of the statements in this presentation constitute forward-looking statements. Forward-looking statements relate to expectations,
More informationCopa Holdings Reports Fourth Quarter and Full Year 2007 Results
Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Panama City, Panama --- February 21, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica, today announced
More informationWhy Colombia Investment Environment & Business Opportunities
Why Colombia Investment Environment & Business Opportunities Tobias Meurer Mai 2017 Table of Content 1. Recent Macroeconomic Developments 2. Investment Environment 3. Export Platform 4. Wood processing
More informationLAN AIRLINES REPORTS NET INCOME OF US$88.3 MILLION FOR THE FIRST QUARTER OF 2010
FOR IMMEDIATE RELEASE LAN AIRLINES REPORTS NET INCOME OF US$88.3 MILLION FOR THE FIRST QUARTER OF 2010 Santiago, Chile, April 27, 2010 LAN Airlines S.A. (NYSE: LFL), one of Latin America s leading passenger
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Net Income of US$32.0 Million and EPS of US$0.72 for the Second Quarter of 2012 Excluding special items, adjusted net income came in at $58.6 million, or EPS of $1.32 per share Panama
More informationEARNINGS 2Q2016 RELEASE. August 30, 2016
EARNINGS RELEASE 2Q2016 August 30, 2016 RELEVANT CORPORATE EVENTS 2Q2016 MULTIPLAZA LA FELICIDAD BOGOTÁ - CUNDINAMARCA RELEVANT CORPORATE EVENTS New market maker with Credicorp: a value adding tool for
More informationThe Travel Experience Network (T.E.N)
The Travel Experience Network (T.E.N) Presentation by Nick Lucock Morgans Conference October 11, 2017 Business Overview: FLT Founded in 1982, IPO in 1995 Circa $4.5b market capitalisation Business Transformation
More information2nd quarter 2005: Status and outlook
2nd quarter 2005: Status and outlook Oslo, 18 Agenda Aker Group update Leif-Arne Langøy, CEO Details 2Q05 financials Bengt A Rem, CFO Aker Seafoods 2Q status and outlook Yngve Myhre, CEO Aker American
More informationSecond quarter 2013 Results Presentation. August, 2013
Second quarter 2013 Results Presentation August, 2013 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results. These
More informationCOLOMBIA AND PERU IN FOCUS WORKFORCE DEVELOPMENT IN COLOMBIA AND PERU: OPPORTUNITIES FOR AUSTRALIA S INTERNATIONAL EDUCATION AND TRAINING SECTOR
COLOMBIA AND PERU IN FOCUS WORKFORCE DEVELOPMENT IN COLOMBIA AND PERU: OPPORTUNITIES FOR AUSTRALIA S INTERNATIONAL EDUCATION AND TRAINING SECTOR AUSTRALIAN INTERNATIONAL EDUCATION CONFERENCE CANBERRA,
More informationBANYAN TREE HOLDINGS LIMITED (Company Registration Number: H)
BANYAN TREE HOLDINGS LIMITED (Company Registration Number: 200003108H) 2 ND QTR RECORDED A SMALLER LOSS OF S7.0 MILLION Highlights: 2Q11: - Revenue increased 3% to S63.6 million; Operating Profit doubled
More informationGrupo Aeroportuario del Centro Norte SAB de CV SECOND QUARTER 2018 RESULTS
Grupo Aeroportuario del Centro Norte SAB de CV SECOND QUARTER 2018 RESULTS This presentation may contain forward-looking information and statements. Forward-looking statements are statements that are not
More information8.INFRASTRUCTURE #INVESTINGUATEMALA. Industry in Guatemala
8.INFRASTRUCTURE #INVESTINGUATEMALA Industry in Guatemala General information of the country Capital City Currency Exchange Rate (2013) Official Language Population Labor Force (2013) GDP (2013) FDI inflows
More informationMARRIOTT INTERNATIONAL, INC. PRESS RELEASE SCHEDULES QUARTER 4, 2016 TABLE OF CONTENTS
PRESS RELEASE SCHEDULES QUARTER 4, 06 TABLE OF CONTENTS Consolidated Statements of Income - As Reported A- Consolidated Statements of Income - Fourth Quarter Adjusted 06 Compared to Combined 05 A-3 Consolidated
More informationPeru Economic and Trade Relations with the European Union. Jose Luis Silva Martinot Minister of Foreign Trade and Tourism June, 2012
Peru Economic and Trade Relations with the European Union Jose Luis Silva Martinot Minister of Foreign Trade and Tourism June, 2012 Peruvian Integration to the global economy through Free Trade Agreements
More informationPort Terminals Towage Logistics Hectares of Support and Warehouse Areas
SAAM AT A GLANCE 11 188 173 Port Terminals Towage Logistics Hectares of Support and Warehouse Areas We are leaders in the Towage market in America, one of the major port operators in South America and
More informationAirport Privatization
Airport Privatization Seventeenth ACI World Annual General Assembly Conference Bijan Vasigh, Ph.D. Professor College of Business Embry-Riddle Aeronautical University Daytona Brach, Fl 32114 bijan@avionconsult.com
More informationEndesa Chile 1Q14 Results
Endesa Chile 1Q14 Results May 06 th 2014 Highlights 43% decrease in Net Income attributable to Endesa Chile s shareholders, mainly explained by a higher procurement and services cost and a greater negative
More informationUSA Acquisition Summary. December 2010
USA Acquisition Summary December 2010 www.roadbearrv.com Strategic Intent 1. To leverage the existing business capabilities in a significant sized and growing tourism market with a similar customer base.
More informationTABLE OF CONTENTS. I. Introduction to Enjoy. Our Properties. Business and Management Model. V. Hospitality. Financial Highlights
December, 2014 TABLE OF CONTENTS I. Introduction to Enjoy II. III. IV. Our Properties Business and Management Model Gaming V. Hospitality VI. Financial Highlights 2 SECTION I Introduction to Enjoy 3 ENJOY
More informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Financial Results for the First Quarter of 2016 Excluding special items, adjusted net income came in at US$69.9 million, or EPS of US$1.66 per share Panama City, Panama --- May 5,
More information2009 Annual General Meeting
2009 Annual General Meeting Managing Director s Address October 2009 Steve Gostlow Agenda Contents 1 Capital Structure 2 Company Profile 3 FY09 Key Highlights 4 FY10 Operational Update 5 Gorgon Update
More informationSHIP MANAGEMENT SURVEY. July December 2017
SHIP MANAGEMENT SURVEY July December 2017 INTRODUCTION The Ship Management Survey is conducted by the Statistics Department of the Central Bank of Cyprus and concentrates primarily on transactions between
More informationMRO Market Update & Industry Trends
January 25-26, 2017 Cancun, Mexico Presented by: Jonathan M. Berger Vice President ICF jberger@icf.com MRO Market Update & Industry Trends 0 Today s Agenda Fleet & MRO Forecast 2016: What a long strange
More informationAvianca Holdings S.A. 2Q 2013 Earnings Results
Avianca Holdings S.A. 2Q 2013 Earnings Results 2 Disclaimer This presentation contains certain forward-looking statements. Such forward-looking statements involve a certain degree of risk and uncertainty
More informationCOLOMBIAN: RECENT DEVELOPMENTS
COLOMBIAN: RECENT DEVELOPMENTS Why do business in Colombia? Strategic geographic location: easy access to the North American, European, Asian and Latin American markets. Macroeconomic stability: economic
More informationCorporate Presentation February 2018 NOMBRE DE LA PRESENTACIÓN
Corporate Presentation February 2018 NOMBRE DE LA PRESENTACIÓN 1 1 Grupo Hotelero Santa Fe Ticker: HOTEL (BMV) 2017 Financial Highlights Revenue: Ps. 1,582 million (US 80 million) EBITDA: Ps. 528 million
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Net Income of US$18.6 Million and EPS of US$0.42 for the Second Quarter of 2010 Excluding special items, adjusted net income came in at $26.3 million, or $0.60 per share Panama City,
More informationProjects Portfolio
Colca Canyon, Arequipa. Photo: Gihan Tubbeh l PromPerú Projects Portfolio 2015-2018 Regional Government of Arequipa Promoting Investments Prepared by: Project Portfolio 2015-2018 / Regional Government
More informationFY2015 2nd Quarter Business Results
FY2015 2nd Quarter Business Results Project AH A MAY products Yamaha Corporation and Yamaha Motor Co., Ltd. make products by exchanging the design divisions and their design fields, and present a joint
More information1. Internationally acknowledged macroeconomic soundness
WHY INVEST IN PERU? WHY INVEST IN PERU? 1. Internationally acknowledged macroeconomic soundness 2. Friendly investment environment 3. Open trade and market access policy 4. Attractive sectors to Invest
More informationExperts in Mining. Antapaccay Concentrator Plant
Experts in Mining Antapaccay Concentrator Plant GyM Mining Contents Main Projects pages 2-5 pages 6-13 Process Plants pages 6-7 Earthworks and Tailings Dams page 8 Pads and Ponds page 9 Underground Mining
More information