Sociedad Matriz Saam S.A. · BCS:SMSAAM
Sociedad Matriz Saam — Q1 2020 Earnings Presentation
21 slides from Sociedad Matriz Saam's earnings presentation, May 2020
Slide 1: Results 1Q2020
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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
Slide 3: Highlights 1Q2020
afsaam. 01 HIGHLIGHTS 1Q2020
Slide 4: COVID-19 Update: Foreign Trade - Shipping Industry
COVID-19 UPDATE FOREIGN TRADE - SHIPPING INDUSTRY The public health crisis has resulted in declining international trade volumes, which has impacted business volumes for our main businesses -4.7% -13% -8.9% 457 -19% global container global shipping value of Chilean worldwide blank value of Chilean m
Slide 5: How We Are Dealing with the Pandemic
HOW WE ARE DEALING WITH THE PANDEMIC FOCUS ON PROTECTING FINANCIAL RESILIENCE OPERATIONAL CONTINUITY WORKER HEALTH • Commitment to foreign trade and the • New savings initiatives • Crisis committee and new protocols defined supply chain • Steps to control liquidity and ensure • Quarantine for risk g
Slide 6: SAAM's Strengths
SAAM’S STRENGTHS Successful implementation of new operating model Healthy Commitment financial ratios to sustainability and liquidity position Largest tug Track record of operator in the efficiencies at Americas (3rd port terminals worldwide) Broad geographic diversification (+67% EBITDA outside Chi
Slide 7: Highlights 1Q2020
HIGHLIGHTS 1Q2020 Revenue • Shipping industry facing difficulties stemming from COVID-19 MUS$147 • Approved a final dividend of US$ 34 million, US$ 0.0035 per share _______ • Credit rating confirmed at AA- • Sale of corporate building in Valparaíso EBITDA EBITDA margin MUS$53 _______ 36% _____ • Spe
Slide 8: 1Q2020 Results
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Slide 9: Sound Results in a Highly Challenging Context
SOUND RESULTS IN A REVENUE 1Q2020 (4) HIGHLY CHALLENGING CONTEXT 8% Consolidated Financial Statement 1Q2019 48% 1Q2020 1Q2019 Δ% (3) Δ (3) (Ths US$) Proforma (1) 44% Income 147,207 150,198 129,302 -2% -2,991 Cost of Sales -100,882 -106,366 -89,650 -5% 5,484 Administrative expenses -18,639 -19,685 -1
Slide 10: Broad Geographic Diversification
BROAD GEOGRAPHIC DIVERSIFICATION • Operations in 12 countries in the Americas CANADA PORT TERMINALS TOWAGE USA LOGISTICS CONSOLIDATED EBITDA 1Q2020 (1) EQUITY-METHOD EBITDA 1Q2020 (2) MEXICO GUATEMALA PANAMA Central Central COSTA RICA COLOMBIA Chile America America Chile 19% 19% North 12% 33% ECUADO
Slide 11: Results for the Quarter: Net Income
RESULTS FOR THE QUARTER NET INCOME THUS$ 1Q2020 / 1Q2019 Change in Net Income SM SAAM 1Q2020 vs 1Q2019 11
Slide 12: Sound Financial Position
SOUND FINACIAL POSITION Debt Maturity Profile (1) (March 2020, ThUS$) Present Value Financial Debt(3) (March 2020, ThUS$) Consolidated PV Associates PV 611 103 101 419 78 87 107 55 192 48 88 504 19 332 173 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 > 2025 FINANCIAL DEBT CASH NFD Net Financial
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 &
Slide 14: Towage: Consolidation, Special Services
TOWAGE: CONSOLIDATION, Revenue 1Q2020 (4) SPECIAL SERVICES Chile 13% • Consolidating 100% of Brazil, Canada, Mexico and Panama since November 2019 North America • Increase in special services and salvage 29% Consolidated Financial Statement 1Q2019 South America 1Q2020 1Q2019 Δ% (3) Δ (3) Central (Th
Slide 15: Port Terminals Division
PORT TERMINALS DIVISION a7saam. “ANTOFAGASTA Chile «SAN ANTONIO Chile “SAN VICENTE Chile
Slide 16: Port Terminals: Reduced Activity in Chilean Ports
INGRESOS 1Q2020 (1) PORT TERMINALS: REDUCED ACTIVITY IN Central CHILEAN PORTS America 17% Chile 35% • Chilean terminals down 22% in volumes transferred North • Foreign terminals down 12% in volumes transferred America 20% • Efficiencies of new operating model South America CONSOLIDATED (THUS$) 1Q202
Slide 17: Logistics Division
LOGISTICS DIVISION a@saam. CHILE + Iquique + Santiago * San Antonio + San Vicente * Puerto Montt + Puerta Chacabuco * Punta Arenas + Reloncavt COLOMBIA * Cartagena de Indias + Bogotd + Medellin San Andres + Pereira * Barranquilla ECUADOR + Quito URUGUAY + Colonia
Slide 18: Logistics: Lower Volumes
LOGISTICS: LOWER VOLUMES Logística Chile: Aerosan: Reduced business at bonded warehouses Exchange differences related to COVID-19 and local civil unrest Effects of COVID-19 starting in March Retail imports fall 19% in 1Q2020 Consolidated Financial Statement (Ths US$) 1Q2020 1Q2019 Δ% Δ Incom
Slide 19: Outlook: Diversification, Our Major Strength
03 OUTLOOK: DIVERSIFICATION, OUR MAJOR STRENGTH
Slide 20: Diversification and a Sound Financial Position
DIVERSIFICATION AND A SOUND FINANCIAL POSITION • Estimates are predicting a 10.6% decrease in global container movements for 2020 (1) • Effects of COVID19: Blank sailings, capacity withdrawals and reduced volumes will affect activity levels for our business divisions • Estimated Capex for 2020 MUS$7
Slide 21: Questions
a saam. 04 QUESTIONS