Corporate Presentation March Asesores Financieros

Transcription

1 Corporate Presentation March 2015 Asesores Financieros

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3 1 At a Glance Company Overview Sigdo Koppers Sigdo Koppers, Chilean conglomerate founded in One of the most dynamic and important industrial groups in Chile. Our commitment is a long term investment industrial approach, aiming to be a comprehensive supplier of products and services for the mining and industrial operations worldwide. Sales (US$ millions) Consolidated EBITDA (US$ millions) Net Profit (US$ millions) 286 (1) 121 (2) Source: Company Note: The percents correspond to the ownership of Sigdo Koppers over its subsidiaries, as of September 2014, (1) Net Profit of 2011 have an extraordinary effect of US$157 millions mainly due to the sale of CTI (2) Net Profit of 2013 have an extraordinary loss of US$29.2 millions mainly due to the sale of Sigdopack 3

4 1 At a Glance Corporate Governance Board of Directors Corporate Presentation Ownership Structure Sigdo Koppers 5,31% Stock Brokers 5,39% Mutual Funds and other institutional investors 8,93% Pension Funds and Insurance companies 3,94% Others 1. Juan Eduardo Errázuriz Ossa Chairman 3. Juan Andrés Fontaine Talavera Director 5. Norman Hansen Rosés Director 7. Jaime Vargas Serrano Director 2. Naoshi Matsumoto Takahashi Vicepresident 4. Horacio Pavez García Director 6. Canio Corbo Lioi Independent Director Ownership structure as of Dec 2014 Successful US$440 millions capital increased (Issued between Dec-11 and mid Jan-12) Daily Average vol. traded (1) : US$0,6 millions Market Cap: US$1,650 millions (As of Dec 30th 2014) Source: Santiago Stock Exchange. (1) Last 12 month 4

5 1 At a Glance Corporate Presentacion Presentation Corporativa Our Industrial development history Consideraciones Sigdo Koppers de Inversión Long term investment approach Our solid 50+ years of track record have demonstrated our ability to managed and developed successful industrial greenfield investments. Our businesses have has been developed in both organic and inorganic growth. We have a long term investment industrial approach, managing and optimizing our companies operations. Foundation of Acquisition of and Foundation of our Rental business Acquisition of Acquisition of Divestment of Foundation of SK enter to the property of Acquisition of EMEC S.A. Enlargement plant Divestment of EMEC S.A. Enlargement plant was founded Acquisition of and Plastic films production initiated through Joint Venture with Bergé Group in the automotive commercialization business Acquisition of Starts its operations Foundation of Divestment of Acquired 33.3% of Source: Company 5

6 1 At a Glance Corporate Social Responsibility (CSR) Sigdo Koppers SK seeks sustainable development, with a business vision that favors respect for ethics, people, communities and environment. SK manages and measures the development of CSR under ISO certification Sigdo Koppers is part of UN Global Compact, under which it committs to respect principles of responsible behavior, in order to achieve the objectives of building a sustainable and inclusive global economy Corporate Governance: Code of Ethics Investor Relations Customers and Suppliers : ISO 9001 Studies Labor Relations: Emphasis on occupational health and risk prevention Training and labor certification (ICSK) Integration of people with disabilities(skbergé) Community: CFT Talcahuano. Improving community environment (Square SKBergé, Program Un contrato, un árbol SKC) Dialog programs(pvsa) Environment: Carbon credit (CERs) project (Enaex) ISO certification 6

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8 Strategic focus on the mining and industry Supplier of products and services for the mining Investment approach Strategic Focus: Provide products and services for the mining and industry aprox. 75% of the SK s Consolidated EBITDA comes from the exposure to the mining activities Involved in the main stages of the mining value chain MINING DEVELPOMENT MINING OPERATION ORE PROCESSING SALES & LOGISTICS Anglo American - Minera Los Bronces: Codelco Andina: BHP Billiton - Minera Escondida:

9 Strategic focus on the mining and industry Investment approach Our Clients - Mining and Industrial Blue Chips Companies 9

10 Leadership in all business areas Leadership of our subsidiaries Investment approach Market Share Leadership by area Rock blasting services - Chile Main Ammonium Nitrate producer in the region Biggest producer of Amonia Nitrate and explosives for the mining in Latin America Regional leader in rock blasting services #1 Worldwide High-crome grinding media balls producer 44% Market share in highcrome grinding media balls for the cement industry (1) #2 Worldwide grinding media balls producer 14% market share in highcrome balls for the mining industry (1) #1 worldwide provider of high-crome grinding media balls One of the main players in the cement industry Leader in the production of high value-added wear resistant consumable for the cement, mining, fluid, dredging and utilities industries 33% Market share in construction and industrial erection of large scale projects Leader in the execution of engineering, construction and industrial erection in Chile High prestige and long term partnership with Bechtel Source: ENAEX, Magotteaux, ICSK. (1) Strategic Consultants, figures as of

11 Leadership in all business areas Investment apporach Leadership of our subsidiaries Market Share Leadership by area Solid commodities loaded by port Chilean central zone (1) (As of Dec 2014) 66% of the total load transferred through the Chilean central zone (excl. containers) Puerto Ventanas leads the load and unload of commodities in the central region of Chile, specially copper and coal Fepasa is the main railroad freight company in the central zone of Chile 20% Arriendo de Maquinarias en Chile (Dic 2014) SKC Rental # 1 in Chile # 2 in Perú (15% Msh) # 3 in South America Fork Lift 17% Telescopic handler 49% Articulated Trucks 82% Motor Graders 28% Leader in distribution of industrial machinery and equipment in Chile 12% Of all the new cars sold in Chile units (3) (As of Dec 2014) 13% Market share, measured by sales in Chile (As of May 2013) 17% Of all new cars sold in Perú units (As of June 2014) SKBergé is the biggest distributor of automobiles in terms of revenues Important player in the Peruvian and Colombian market Source: (1) Puerto Ventanas (2) SKC internal research (3) Based on units sold published by ANAC Chile; 11

12 Global Network Active International Presence Investment approach Since 2011, SK became a company with Global Exposure As of today, 39% of SK s sales are outside Chile (61%) 12

13 Steady Growth & Consistent Profitability Track record Investment approach Consistent and steady growth Sigdo Koppers has maintained a consistent growth in all the businesses it manages, with an special focus on the innovation and search of new opportunities Consolidated Sales Sigdo Koppers S.A. (1) (US$ millions) Our growth is accompanied by a consistent investment policy, which is focused on return over our investments Consolidated EBITDA Sigdo Koppers S.A (1). (US$ millions) Net Profit Sigdo Koppers S.A. (1) (US$ millions) Source: Company (1) Figures of 2011 considers 4Q of Magotteaux and CTI accumulated until August CAGR: Compound annual growth rate. 13

14 Steady Growth & Consistent Profitability Concrete Growth Plan Investment approach Consolidate acquisition of Britanite in Brazil. Consolidate acquisition of Chemtrade in Peru. Growth Project in ammonium nitrate capacity (Panna 5 Mejillones expansion) New grinding media balls and castings plants in Asia and Latinamerica Consolidate the business in Chile and Peru, enhancing synergies with SK Current backlog of US$453 millions mainly in the mining sector, which will be executed during Expansion of the Rental machinery business in Brazil and Colombia focusing on the mining, industry and civil works Source: Company 14

15 Conservative Financial position Conservative Financial position Investment approach Consolidated Balance Sheet (US$ millions) Current Assets 938 1,042 1,262 1,251 1,162 Non-current Assets 1,266 2,058 2,388 2,348 2,238 Total Assets 2,204 3,100 3,650 3,599 3,401 Net Financial Leverage (Bonds Covenants) (Times) Covenant: 1,2X Current Liabilities , Non-current Liabilites ,149 1,064 Equity (Atributable to the controler) ,176 1,190 1,199 Equity (Non attributable to the controler) Total Equity 1,061 1,295 1,583 1,605 1,602 Total Equity and Liabilities 2,204 3,100 3,650 3,599 3,401 Net Financial Debt / EBITDA (Times) 2,15x Covenant: 0,5X Credit rating - Local Institution Rating Date A+ (1) July 2014 A+ (2) July 2014 Source: Company. (1) Stable Outlook (2) Outlook Stable 15

16 Corporate Presentation March 2015 Asesores Financieros