WITHOUT LIMITS. Corporate Presentation, May 2015 Results

Transcription

1 WITHOUT LIMITS Corporate Presentation, May 2015 Results

2 ANDINO INVESTMENT HOLDING Group of leading companies operating port and airport infrastructure and offering logistic and maritime services. AIH strategy creates value to the Peruvian foreign trade through comprehensive services based on infrastructure, with an experience of over 40 years.

3 Highlights 3 Concessions with the Government: Paita s Port ( ) 5 Airports of South ( ) Chinchero Cusco Airport ( ) More than 2,900 employees CAGR Sales 11.16% EBITDA 17.6% + US$ 616 millions of Real Estate Portfolio 25% of the shares of AIH listed on the Lima Stock Exchange (AIHC1). 75% of the remaining capital is controlled by an investor group working together for over 40 years.

4 Ownership Aproximately 25% of the shares float in the Lima Stock Exchange (BVL). Main shareholders at the free float are Mediterraneo Fondo de Inversión Privada (Chile) (6.78%), Banco de Credito del Perú (2.79%), El Pacífico Vida Compañía de Seguros (1.44%). 75% 25% Float Controlling Group The remaining 75% of the capital is controlled by a group of investors who have been working together since the very beginning, more than 40 years ago. Vargas Loret de Mola Family 37.44% Matthies / Krefft / Krumdiek 37.22% TOTAL 74.67%

5 2013 History of growth for more than 4 decades File Service s sale AAP adjudicates de concession of the South Airports AIH issues an international Bond for US$115MM AIH is created 2005 TPE adjudicates the Concession of Paita s Port. Kuntur Wasi adjudicates de concession of the Chinchero Airport Creating Neptunia Triton Transports starts operations File Service is purchased A loan of US $ 85MM in acquired and is used to purchase the minority interests of Neptunia and Cosmos IPO of AIH. TPE issues an international Bond for US$110MM Cosmos Agencia Marítima starts operations Maritime Logistic Infrastructure

6 AIH Business Units

7 ZORRITOS IQUITOS With strategically located ports, airports and logistic hubs, AIH s provides a full range of services nationwide TALARA YURIMAGUAS PAITA BAYOVAR CHICLAYO SALAVERRY PUCALLPA CHIMBOTE HUARMEY SUPE ATALAYA CALLAO PAMPA MELCHORITA CHINCHERO PISCO AYACUCHO SAN NICOLAS AREQUIPA MADRE DE DIOS MATARANI MOLLENDO ILO

8 Opportunity: Foreign Trade and Infrastructure Gap Integration with the World Economy Mining and Construction Investment Strategic Location Foreign Trade Growth Trade Agreements (TLC) Ports and Airports privatization Infrastructure Gap Peru: Investment Grade Sustained growth over the last 20 years Public and Private Investment

9 Leaders in our Industry Market Share by TEUs (2013) Portuary Capabilities Relationship with major shipping lines Logistics Services 44% 9% 15% 8% 13% 12% DP World Neptunia Tramarsa Alconsa Contrans Otros Logistics Economies of scale Distribution and storage capabilities Maritime Services 74% 26% Cosmos Otros Experience Solid backing Technology Platform Human Capital Infrastructure Terminales Portuarios Euroandinos (Paita) The 2nd main container port in the north Aeropuertos Andinos del Peru 5 airports for 25 years (Southern Peru) Chinchero International Airport in Cusco for 40 years Connectivity Availability of large areas for the development of logistics platforms

10 Consolidated Results Balance Sheet In thousands of S/. mar-14 mar-15 Current Assets 257, ,086 Non Current Assets 1,886,531 1,975,488 Total Assets 2,144,097 2,174,574 Current Liabilities 128, ,361 Non Current Liabilities 794, ,847 Total Liabilities 923, ,208 Net Equity 1,220,700 1,269,366 Total Liabilities and Net Equity 2,144,097 2,174,574 Profit and Loss In thousands of S/. mar-14 % mar-15 % Variation Sales 154, % 150, % -2.92% Operating Costs and Expenses -138, % -138, % 0.11% Monetary Restatement % -13, % % EBITDA* 20, % 17, % % Net Profit (Loss) 6, % -9, % %

11 Consolidated Income EBITDA Historical Results Real estate portfolio of more than 1.2 million m S/. Millones Market Value % AIH Net Value Infraestructure Oporsa % Terrano % 59.2 Logistics Services Neptunia % Almafin % 12.5 Maritime Services Cosmos % 2.4 Total US$ Millions.

12 Proforma Financial Summary unconsolidated partial sum) A mar-12 A mar-13 A mar-14 A mar-15 Sales Performance (S/. Millions) % EBITDA Sales 6% 12% 15% 14% EBITDA Performance (S/. Millions) A mar-12 A mar-13 A mar-14 A mar-15

13 Company Revenues EBITDA Mar 2014 Mar 2015 shift % Mar 2014 Mar 2015 shift % % Share Results of the main Co. (In thousands of S/.) 84,389 81,606-3% 10,059 9,155-9% 100% 62,604 61,772-1% 8,604 7,117-17% 100% 9,419 8,941-5% 1,623 1,773 9% 100% 12,014 12,390 3% 7,060 7,101 1% 50%

14 Debt Structure DEBT STRUCTURE 7% 7% Current financial liabilities Current portion of LT debt 86% Long term debt (In millons USD)

15 Funding Culminated First Stage concluded through an issue of international bonds for $ 110MM + $ 53MM contributed by the partners. The other stages are financed through trust fund flows that are regularly deposited. The second stage comprises a gantry crane and two RTG cranes for $ 13MM. Culminating in Paita Port Terminal Concession The National Port Authority (APN) approved the investments by TPE in Paita port terminal (Construction of new container dock with dredging within 13m, 300m berth, container yard of 12 hectares and installation of gantry cranes and other equipment low). Begin of the Investment (2012) Completion of the Investment (2014)

16 Concession Co Financed by the Government. First stage culminated Concession South Regional Airports (Aeropuertos Andinos del Perú) Concession financed with the Government. Investments made since the start of the concession to date amount to approximately US $ 65 MM including Compulsory Works, Equipment, Corrective maintenance.

17 Concession Co Financed by the Government Chinchero International Airport Concession Concession financed through Pay Per Work (PPO), Advance Payment Work - Certificate of completion (PAO-CAO). Currently in the implementation phase of engineering studies. It has signed a term sheet with an investment bank frontline to make a full underwriting of the operation and finance the construction and working capital as well as the necessary guarantees ($ 550MM). Financial close is expected in June ,000 m2 13 gates 550 Millions US$ Investment IATA Service Level B 1,000 direct jobs and many more indirect 9 million m3 earthmoving

18 Ongoing projects Inmobiliaria Terrano - Limahub Work began during the first quarter of Lima Airport Partners signed a contract for 17 years to allow a direct road of entry and exit to the Jorge Chavez International Airport for receiving and storing cargo. Will allow the Group to access (via a logistics platform for air cargo) in to a market of approximately USD 100 million. Servicios Aeroportuarios Andinos (SAASA) LAP contract was signed in May 2014 for five years to provide service to aircraft ramp. It is concluding negotiations with two major airlines to manage their cargo.

19 WITHOUT LIMITS