Sociedad Matriz Saam S.A. · BCS:SMSAAM
Sociedad Matriz Saam — Q1 2023 Earnings Presentation
20 slides from Sociedad Matriz Saam's earnings presentation, May 2023
Slide 1: Results Presentation 1Q23
Results Presentation 1Q23 May 2023
Slide 2: Disclaimer
Resultados 1Q23 Resultados 1Q23 Resultados Divisiones 1Q23 Outlook 2023 Preguntas Disclaimer Esta presentación entrega información general sobre Sociedad Matriz SAAM S.A. (“SM SAAM”) y empresas relacionadas. Se trata de información resumida y no pretende ser completa. No está destinada a ser conside
Slide 3: Results 1Q23
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Results 1Q23 3
Slide 4: Highlights 1Q23
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Highlights 1Q23 • In October 2022, we announced the signing of a binding agreement with Hapag-Lloyd AG to sell 100% of its shares in the subsidiaries SAAM Ports and SAAM Logistics and certain real estate assets for an estimated v
Slide 5: Highlights 1Q23
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Highlights 1Q23 Milestones during the quarter include: • Confirmation by Feller Rate and Humphreys of AA rating with Stable outlook. • Signing of agreement to acquire air cargo logistics company in Ecuador. • Inauguration of mode
Slide 6: Closing of acquisition of Starnav's assets in Brazil
Results 1Q23 Results 1Q23 Division Results 1Q23 2022 Outlook Questions Closing of acquisition of Starnav’s assets in Brazil Description: • Fleet of modern, flexible, high-capacity tugs: • 19 in operation • 2 under construction SAAM Towage Brazil Business Plan: • Expand services to the entire Brazili
Slide 7: Explanation of Accounting Effects of the Transaction
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Explanation of Accounting Effects of the Transaction Pro Forma Main Accounting Adjustments (ThUS$) Reported Consolidated Data Impact of IFRS 5 and IAS 12 (1) Consolidated Data Mar-23 Mar-23 (ThUS$) Discontinued Eliminations and R
Slide 8: Explanation of Accounting Effects of the Transaction
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Explanation of Accounting Effects of the Transaction Consolidated Data Mar-23 (ThUS$) Reported Balance Sheet (ThUS$) Total Mar-23 Continuing Discontinued Mar-2023 Dec-2022 Pro Forma Operations Operations Current assets 719,542 49
Slide 9: Evolution of Revenue and EBITDA Proforma 1Q23
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Evolution of Revenue and EBITDA Proforma 1Q23 PROFORMA REVENUE (MUS$) PROFORMA EBITDA (MUS$) GEOGRAPHIC DISTRIBUTION OF PROFORMA EBITDA +8% Central America -4% 218 24% 202 71 30 68 39 12 4 South America 49% excluding Chile 81 25
Slide 10: Healthy financial ratios and robust liquidity position
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Healthy financial ratios and robust liquidity position CONSOLIDATED NET FINANCIAL DEBT (MUS$)(1.2) NFD / CONSOLIDATED EBITDA AMORTIZATION PROFILE FOR CONSOLIDATED DEBT(MUS$) (3) 376 862 2.0 1.8 454 1.5 1.3 1.5 185 409 1.3 99 104
Slide 11: Towage Division 1Q23
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Towage Division 1Q23 11
Slide 12: Towage
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Towage Growth in revenue and TOTAL MANEUVERS (THOUSANDS)(1) CONSOLIDATED REVENUE (MUS$)(1) activity levels +12% +23% 37 107 • Improved mix of services in ports, 33 87 growth in the volume of harbour maneuvers due to greater activ
Slide 13: Port Terminals Division 1Q23
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Port Terminals Division 1Q23 13
Slide 14: Port Terminals
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Port Terminals: EQUITY-METHOD REVENUE(1) CONSOLIDATED REVENUE (2) Reduced activity at associate -3% terminals 93 91 +6% 76 81 • Fall in throughput at associate terminals (-29%) due to lower activity and dynamism of trade in 1Q22
Slide 15: Other Business 1Q23
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Other Business 1Q23 15
Slide 16: Logística Chile and Aerosan
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Logística Chile: CONTAINERS AT BONDED WAREHOUSES(1) • Lower volumes handled at bonded warehouses in Chile, as a result of -49% economic slowdown and reduced 17,088 imports. 8,638 • Increase in operating costs due to the effects o
Slide 17: Continuing Operations
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions Continuing Operations REVENUE OF CONTINUING OPERATIONS (MUS$) GEOGRAPHIC DISTRIBUTION OF EBITDA OF CONTINUING OPERATIONS 2.3x Central America 482 12% 462 13 408 72 71 290 67 countries where we operate 209 13 North America 25% 2 3
Slide 18: 2023 Outlook
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions 2023 Outlook 18
Slide 19: 2023 Outlook
Results 1Q23 Results 1Q23 Division Results 1Q23 2023 Outlook Questions 2023 Outlook • Decreased dynamism persists in the global economy • Prospects for recoverying activity in Chile • The effects of inflationary pressures on costs continue, but with a tendency to stabilize • Organic capex is estimat
Slide 20: Questions
| asaam Questions