Sociedad Matriz Saam S.A. · BCS:SMSAAM

Sociedad Matriz Saam — Q3 2020 Earnings Presentation

22 slides from Sociedad Matriz Saam's earnings presentation, November 2020

  1. Slide 1: Results 3Q2020

    RESULTS 3Q2020 November 2020

  2. Slide 2: 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 be relied upon as advice to potential investors. No representation or warranties, express

  3. Slide 3: Highlights 3Q2020

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  4. Slide 4: Update on Foreign Trade – Shipping Industry

    UPDATE ON FOREIGN TRADE – SHIPPING INDUSTRY GLOBAL CONTAINER THROUGPUT INDEX 120 -3.5% 1.8% -31% 115 global container market Inactive containership Price of oil Jan-Sept 110 105 with respect to 9M19 fleet capacity as of 2020 (1) 100 (+2.8% 3Q) Sept 95 (5.1% 1H2020) 90 85 +6.4% -6.8% -30% jul-20 ene-

  5. Slide 5: Highlights 3Q2020

    HIGHLIGHTS 3Q2020 3Q2020 (MUS$) (1) • Agreement to acquire Aerosan for MUS$32 Proforma revenue • Corporate bond issuance: UF 1.4 million (MUS$50.6), 10 years, 3.37% US rate MUS$135.7 -14% • Reduced lost-time injury rate by 41% over 2019 Proforma EBITDA • Performance of container shipping market bett

  6. Slide 6: Aerosan Acquisition

    AEROSAN ACQUISITION Aerosan at a Glance International Presence • Cargo, ground handling and passenger services since 1980 • Operations at 8 airports in 3 countries in the Americas (Chile, Colombia and Ecuador) • Over 300,000 tons of cargo moved each year and more than 33,000 square meters of infrast

  7. Slide 7: 3Q2020 Results

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  8. Slide 8: Results Affected by Pandemic and Port Closures in Chile

    RESULTS AFFECTED BY PANDEMIC AND PORT CLOSURES IN CHILE CONSOLIDATED REVENUE 9M2020 Consolidated Financial Statement 3Q2019 Δ% 9M2019 Δ% 8% 3Q2020 3Q2019 9M2020 9M2019 (Ths US$) Proforma (5) Proforma Proforma (5) Proforma Revenues 135,692 158,499 131,770 -14% 426,386 456,944 385,801 -7% Cost of Sale

  9. Slide 9: Broad Network in the Americas

    BROAD NETWORK IN THE AMERICAS • Operations in 12 countries in the Americas • 80% of revenue generated in US dollars • 10 Port Terminals in 6 countries in the Americas CANADA • Towage Division operates in 9 countries PORT TERMINALS • Logistics Services in 4 countries TOWAGE USA LOGISTICS MEXICO CONSO

  10. Slide 10: Net Income ThUS$ 3Q2020 / 3Q2019

    NET INCOME ThUS$ 3Q2020 / 3Q2019 Change in Net Income SM SAAM 3Q2020 vs 3Q2019 Δ= ThUS$7,970 (-53%) 10

  11. Slide 11: Net Income ThUS$ 9M2020 / 9M2019

    NET INCOME ThUS$ 9M2020 / 9M2019 Change in Net Income SM SAAM 9M2020 vs 9M2019 Δ= ThUS$-9,651 (-20%) 11

  12. Slide 12: Liquidity and Health Financial Indicators

    LIQUIDITY AND HEALTH FINANCIAL INDICATORS DEBT MATURITY PROFILE (SEPTEMBER 2020, THUS$)(2) Rating: AA-  with Stable Outlook 192 108 79 52 78 Rating: AA-  with Stable Outlook 46 2021 2022 2023 2024 2025 >2025 LEVERAGE RATIO(1) Covenant NET FINANCIAL DEBT 1,20x (SEPTEMBER 2020, THUS$)(2) 0,42 0,39 0

  13. Slide 13: Towage Division

    TOWAGE DIVISION wa7saam. “CANADA (#) P 2 4 se MEXICO (#) fn A GUATEMALA it) -cosTaRica = . A 4 _*PANAM! 4s _* ECUADOR e BRASIL © ~uruGuay £5 — saRGentinacy &

  14. Slide 14: Towage: Stable Results in a Challenging Context

    TOWAGE: STABLE RESULTS IN A CHALLENGING CONTEXT EQUITY-METHOD EBITDA 9M2020 (4) • Effect of exchange rate and efficiencies in maintenance, subcontracting and fuel costs • Full consolidation (100%) of Brazil, Canada, Mexico and Panama as of November 2019 North America 3Q2019 9M2019 24% Consolidated T

  15. Slide 15: Port Terminals Division

    PORT TERMINALS DIVISION a7saam. “ANTOFAGASTA Chile «SAN ANTONIO Chile “SAN VICENTE Chile

  16. Slide 16: Port Terminals: Reduced Results Due to COVID-19 and Port Closures

    PORT TERMINALS: REDUCED RESULTS DUE TO EFFECTS OF COVID-19 AND PORT CLOSURES IN CHILE EQUITY-METHOD EBITDA 9M2020 (1) • Chilean port terminals saw 27% decrease in throughput in 3Q North • Foreign port terminals saw 9% decrease in throughput in 3Q America • Chilean port closures due to high waves (38

  17. Slide 17: Logistics Division

    LOGISTICS DIVISION a@saam. CHILE + Iquique + Santiago * San Antonio + San Vicente * Puerto Montt + Puerta Chacabuco * Punta Arenas + Reloncavt COLOMBIA * Cartagena de Indias + Bogotd + Medellin San Andres + Pereira * Barranquilla ECUADOR + Quito URUGUAY + Colonia

  18. Slide 18: Logistics: Reduced Business Due to COVID-19 and Port Closures

    LOGISTICS: REDUCED BUSINESS DUE TO EFFECTS OF COVID-19 AND PORT CLOSURES Logística Chile: Aerosan:  Reduced business at bonded warehouses related  -19% import volumes 9M2020 due to covid-19 to port closures  +16% export volumes 9M2020  Exchange differences CONSOLIDATED ThUS$ 3Q2020 3Q2019 Δ% 9M2

  19. Slide 19: Outlook

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  20. Slide 20: Sound Financial Position and Diversification in the Americas

    SOUND FINANCIAL POSITION AND DIVERSIFICATION IN THE AMERICAS • Container transport volumes are gradually recovering, but market conditions remain volatile • Operational continuity • Focus on liquidity • Estimated capex for 2020E US$61 million (1), -25% respect 2019 • Closing of Aerosan purchase for

  21. Slide 21: Questions

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  22. Slide 22: SAAM's Response to Pandemic

    SAAM’S RESPONSE TO PANDEMIC FOCUS ON PROTECTING WORKER CONTINUITY AND SAFETY AT FINANCIAL RESILIENCE WITH HEALTH, SAFETY AND WELLBEING OUR OPERATIONS A ROBUST CAPITAL STRUCTURE • Commitment to foreign trade and the • Stable results 9M2020 • Continued prevention efforts supply chain • Operational eff

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