Sociedad Matriz Saam S.A. · BCS:SMSAAM
Sociedad Matriz Saam — FY2021 Earnings Presentation
24 slides from Sociedad Matriz Saam's earnings presentation, March 2022
Slide 1: 2021 Results Presentation
2021 Results Presentation March 2022 1
Slide 2: Disclaimer
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions 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 b
Slide 3: Strategic Progress 2017-2021
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Strategic Progress 2017-2021 3
Slide 4: Highlights 2017-2021: Growth, control of operations and capacity development
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Highlights 2017-2021: Growth, control of operations and capacity development • More than tripled control of our operations 83% • Continued implementing operational efficiency project > Project UNO 73% • Changed corporate a
Slide 5: Progress 2017-2021: New Operating Model
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Progress 2017-2021: New Operating Model New Operating Model New Operating Optimize Control Culture Model costs positions change • Issued 2nd and 3rd corporate bonds • Aerosan: Purchased remaining 50% • STI: Extended until
Slide 6: Progress 2017-2021: Growth in sales and earnings
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Progress 2017-2021: Growth in sales and earnings CONSOLIDATED REVENUE (MUS$)(1) CONSOLIDATED EBITDA (MUS$) and EBITDA MARGIN(1) 748 584 128 2.3x 268 516 530 58 468 51 213 58 282 177 69 250 146 272 274 117 37% 36% 218 33% 2
Slide 7: 2021 Results
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions 2021 Results 7
Slide 8: Highlights 2021
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Highlights 2021 • Earnings recovery and growth in 2021 • Revenue +28% and EBITDA +26% • Logistics chain operating under stringent demands and operating challenges • Operational continuity at all businesses • Geographically
Slide 9: Fourth Quarter 2021 Results
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Fourth Quarter 2021 Results Consolidated Financial Statement 4Q20 Δ% 4Q21 4Q20 Δ% (Ths US$) (1) Proforma (2) Proforma Revenues 199,596 157,677 27% 172,872 15% Cost of Sales -134,388 -107,157 -25% -118,756 -13% Administrati
Slide 10: 2021 Results
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions 2021 Results Consolidated Financial Statement 2020 Δ% (1) 2021 2020 Δ% (2) (Ths US$) Proforma Proforma Revenues 748,465 584,062 28% 671,959 11% Cost of Sales -503,873 -396,001 -27% -463,528 -9% Administrativ e expenses -97
Slide 11: Growth in Revenue and EBITDA Across All Divisions
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Growth in Revenue and EBITDA Across All Divisions CONSOLIDATED REVENUE (MUS$) CONSOLIDATED EBITDA (MUS$) EQUITY-METHOD EBITDA (MUS$) (1) EQUITY-METHOD EBITDA BY GEOGRAPHICAL AREA (2) +28% Central America 11% 749 North Sout
Slide 12: Sound Financial Position
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Sound Financial Position NET FINANCIAL DEBT DECEMBER 2021(MUS$)(1,2) NFD / CONSOLIDATED EBITDA MATURITY PROFILE AS OF DECEMBER 2021 (MUS$) 185 159 1 4 144 720 2.0 1.8 128 44 1.5 1.3 396 57 150 324 0.6 2 100 21 1 0 53 57 20
Slide 13: Towage Division 2021
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Towage Division 2021 13
Slide 14: Towage Division
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Towage Division TOTAL MANEUVERS(1)(2) CONSOLIDATED REVENUE (1)(2) New operations and integration of Intertug +22% +23% 125,531 131,638 324 340 • Intertug consolidated as of February 107,486 277 2021 and successful integrat
Slide 15: Port Terminals Division 2021
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Port Terminals Division 2021 15
Slide 16: Market Trends
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Market Trends Container throughput in Guayaquil, Ecuador (1) • Recovering volumes over 2019 figures • 7% growth in imports • 5% growth in exports • Effect of transfers from Callao +22% MARKET VOLUME 2021 (Th TEU)(1) +8% 2,
Slide 17: 2021 Market Trends Recovering Volumes
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions 2021 Market Trends Recovering Volumes Container throughput, Chile • Greater imports drove recovering volumes in 2021 versus 2020 • Volumes remain below 2019 levels due to less repositioning of empty containers because of s
Slide 18: Port Terminals
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Port Terminals: EQUITY-METHOD REVENUE(2) CONSOLIDATED REVENUE (1) Recovering cargo +16% +13% volumes and rise in 291 337 250 282 additional services 2020 2021 2020 2021 • Ship delays and changes in service EQUITY-METHOD EB
Slide 19: Logistics Division 2021
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Logistics Division 2021 19
Slide 20: Logistics Division: Growth in results and volumes
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Logistics Division: Growth in results and LOGISTICS DIVISION REVENUE (MUS$)(1)(2) LOGISTICS DIVISION EBITDA (MUS$)(1)(2) volumes +118% Aerosan: 128 +221% 100 • Began consolidating in November 40 2020 58 27 • +29% volume du
Slide 21: 2022 Outlook
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions 2022 Outlook 21
Slide 22: 2022 Outlook
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions 2022 Outlook • Volumes should continue to recover during first half of year • Operating challenges in shipping industry because of COVID-19 recovery and new risks from international conflicts • Extra costs from higher infl
Slide 23: Core Sustainability Concepts
2021 Results Strategic Progress 2017-2021 2021 Results 2022 Outlook Questions Core Sustainability Concepts These pillars are aligned with the business strategy and set the course for efficient, responsible operations that strengthen the company’s long-term competitiveness and contribute to the Susta
Slide 24: Questions
Questions me) oe —. 27 S3am. | ANOS DE EXCELENCIA DESDE 1961