Asesores Financieros 1Q17 Results Presentation| June 2017 · Tronadura Venta, Arriendo y Servicio...

Asesores Financieros

1Q17 Results Presentation| June 2017

Agenda

▪Results 1Q17

02Main

Consolidated

figures

03SK’s subsidiaries

Highlights

04Financial

Exhibits

01General Background

▪3

121

286

Company Overview

Source: Company

Note: The percents correspond to the ownership of Sigdo Koppers over its subsidiaries, as of March 2017

(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

Corporate Presentation |Sigdo Koppers .

Sales(US$ millions)

Consolidated EBITDA(US$ millions)

Net Profit (US$ millions)

Sigdo Koppers, Chilean conglomerate founded in

1960. 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.

SK ComercialIngeniería y

ConstrucciónEnaex Magotteaux

60,43% 60,72% 97,75% 87,20%

Enaex Magotteaux SK Comercial

SKBergéPuerto

VentanasCHBBSK Godelius

50,01% 58,19% 74,59% 40,00%

▪4

Others; 3,76%

Pension funds & Insurance companies; 8,43%

Stock Brokers; 8,02%

Mutual funds and other institutional investors; 4,37%

Corporate Governance

Ownership StructureBoard of Directors

Source: Santiago Stock Exchange. (1) Last 12 month

Corporate PresentationSigdo Koppers .

▪ Daily Average vol. traded (1): US$0.3 millions

▪ Market Cap: US$1.5 billions (As of May 31st 2017)

1. Juan Eduardo

Errázuriz Ossa

Chairman

2. Naoshi Matsumoto

Takahashi

Vicepresident

3. Horacio Pavez Aro

Director

4. Juan Andrés Fontaine

Talavera

Director

5. Canio Corbo Lioi

Independent Director

6. Jaime Vargas Serrano

Director

7. Norman Hansen Rosés

Director

Ownership structure as of Mar-17

5

ORE

PROCESSING

Supplier of products and services for the mining

✓ Strategic Focus: Provide products and

services for the mining and industry

✓ Involved in the main stages of the mining

value chain

✓ aprox. 75% of the SK’s Consolidated EBITDA

comes from the exposure to the mining activities

Corporate Presentation |Investment approach .

Anglo American - Minera Los Bronces:

…

MINING OPERATION SALES & LOGISTICSMINING

DEVELPOMENT

1 3 42

1 2 3 4+ + +

BHP Billiton - Minera Escondida:

1 2 3 4+ + +Codelco – Andina:

1 2 3+ +

Agenda

▪Results 1Q17

02Main

Consolidated

figures


Highlights

04Financial

Exhibits


Mar-16 Mar-17 Var.

Sales 570.388 525.664 -7,8%

EBITDA (1) 79.944 64.819 -18,9%

EBITDA Margin 14,0% 12,3%

EBITDA Pro Forma (2) 88.711 72.633 -18,1%

Profi t (Loss ) 35.007 24.631 -29,6%

Sigdo Koppers Net Profit (non

recurrent)23.961 16.306 -31,9%

Dec-16 Mar-17 Var.

Total Assets 3.545.973 3.584.584 1,1%

Total Equity (3) 1.680.342 1.705.529 1,5%

Net Debt 810.854 789.193 -2,7%

Net Debt / EBITDA 2,79 2,86

ROE 255,26% 264,23%

ROCE 6,70% 6,03%

Consolidated Income StatementFigures in ThUS$

7

▪ Consolidated revenues decreased mainly explained by alower level of sales in Enaex, mainly affected by a strike inMinera Escondida and a tighter scenario with less activity inthe businesses of leasing and selling of machinery (SKComercial).

▪ Consolidated EBITDA amounted to US$65 millions, a drop of19%

✓ Escondida strike affect both performance andMagotteaux Enaex.

✓ Lower level of activity in the machinery leasingbusiness in Latin America.

✓ Higher level of EBITDA in Puerto Ventanas bygreater transfer of cargo.

▪ Net profit totaled US$16 millions (-32%), a decreaseexplained by:

✓ More complex business scenario, particularly inmining and industry affects the volumes and resultsof the business areas of the company.

✓ Sigdo Koppers is executing plans of reorganizationand cost efficiency in its different subsidiaries

Highlights - March 2017▪

▪ Sigdo Koppers has a good consolidated Cash liquidity ofUS$308 millions and a conservative level of consolidated debt

▪ The net financial debt-to-EBITDA ratio is 2.8x and if we addconsortiums net profit is 2.6x

(1) EBITDA = Ganancia Bruta + Otros Ingresos por Función – Costos de Distribución - Gastos

de Administración – Otros Gastos por Función + Gastos de Depreciación y Amortización

(3) EBITDA Pro-forma: considera las utilidades de empresas relacionadas que no consolidan.

Results 1Q17

Agenda

▪Results 1Q17

02Main

Consolidated

figures


Highlights

04Financial

Exhibits


9

▪…

OPERACIÓNVENTA

Y LOGÍSTICA▪ DESARROLLO PROCESO

▪Resultados Sep-16

Main Subsidaries

60,43% 60,72% 87,2% 97,75%40,0% 50,01%

51,82%

53 años de experiencia en más de 300 proyectos de gran envergadura

(Presencia en Chile y Perú)

Producción de Nitrato de Amonio y Servicios de Tronadura

Venta, Arriendo y Servicio de Maquinaria de prestigiosas marcas

(Presencia en Chile, Perú Brasil y Colombia)

Comercialización de automóviles

(Presencia en Chile, Perú Argentina y Colombia)

Producción de Bolas de Molienda y Piezas de desgaste (casting)

(Presencia en 11 países)

Puerto de Carga a granel y combustible.

Dueña de 52% Fepasa (tpte. ferroviario)

Cadena de valor de la minería e industria

Results 1Q17

Ingeniería y Construcción SK


10

Results 1Q17

▪ Advance in current works➢ Transmition line TEN/ECL reaches 90% advance and scheduled for completion 3T17.

➢ Project of Desalinization plant for Escondida in final phase.

▪ ICSK Brasil➢ Beginning of the construction of electric transmission lines in Brazil for State Grid in a

consortium with Alumini and Fujian.

▪ Backlog➢ Backlog equivalent to US$470 million (-11% compared to Mar-16). Main projects:

TEN/Engie transmition line, GEAlstom/substations assembly and Codelco/ underground

Chuquicamata tunnels.

➢ Projects awarded by US$69 million (Jan-Mar 2017)

➢ Major projects awarded: Modification of tailings thickener (Minera Escondida), Talara

Refinery Modernization Project (PetroPerú) and the dismantling and assembly of

transformers (Minera Escondida).

Mar-16 Mar-17 Var.

MM$ MM$ %

Revenue 81.422 72.161 -11,4%

EBITDA 1.211 1.947 60,8%


Pro-Forma EBITDA(*) 4.046 2.068 -48,9%

Pro-Forma EBITDA Margin 5,0% 2,9%

Control ler's net profi t 2.972 43 -98,5%

Horas

(Miles)

Horas

(Miles) Var.

Tota l man-hours executed 4.090 3.757 -8,1%

Ingeniería y Construcción Sigdo

Koppers

(*) Pro-Forma EBITDA: EBITDA + Related company profit

Puerto Ventanas

Puerto Ventanas

▪ Cargo Transfer (+18%)

➢ Higher Coal transfers (+39%).

➢ Cu Concentrate transfer decreased (-10%) due to productionproblems at Codelco’s Teniente (-21%)

▪ Investments

➢ New warehouse for Cu Concentrate : started Dec-16.

➢ Upgrade Site No.3: advance 60% and expected start Dec-17.

11

▪Resultados Sep-16Results 1Q17

Fepasa

▪ Mobilised load➢ Cargo movement of Cu Concentrate (+26%). New

contract with Codelco Teniente.

➢ Movement of wood pulp cargo (-30%), impacted by thecollapse of the Toltén bridge on August 18, 2016 (lowervolumes and over costs). This situation will continueuntil the repair of the bridge by EFE. because of newcontracts with Arauco Forest.

➢ During 2017, Fepasa plans the start to carry copperconcentrate via railroad from the Las Tortolas Plant toPuerto Ventanas (Anglo American carga).

Mar-16 Mar-17 Var.

ThUS$ ThUS$ %

Revenue 31.838 34.640 8,8%

EBITDA 9.253 10.136 9,5%


Control ler's net profi t 4.891 5.458 11,6%

PVSA - Tons transferred 1.249.616 1.470.692 17,7%

Fepasa - Th Ton-Km 303.584 243.596 -19,8%

Puerto Ventanas

Consolidated

12

Enaex

▪ Chemical business (Amonium Nitrate)

➢ Lower AN sales associated with lower consumption in Chile (strike atMinera Escondida), together with lower consumption of certain depositsin the region and decreases in the Peruvian market.

➢ AN exports decreased 13%.

➢ Scheduled overhaul of Panna3 Plant: cost-based increases productionduring 1Q17.

▪ Rock Blasting Services

➢ Chile: more complex scenario with lower volumes in some clients(Escondida´s strike). Mining production in Chile -15%.

➢ Brazil / Britanite: Slight economic recovery in Brazil, particularly in mining,has increased sales volume.

▪ Davey Bickford:

➢ Lower revenues (-13%) explained mainly by the Minera Escondida strikeand less dynamism in the markets of Oceania, Europe and Africa.


Physical sales evolution (Thu Tons)

Results 1Q17

Mar-16 Mar-17 Var.

ThUS$ ThUS$ %

Revenue 176.259 154.646 -12,3%

EBITDA 42.283 33.751 -20,2%


Control ler's net profi t 21.368 16.062 -24,8%

Enaex

▪ Grinding Balls Business➢ Higher volumes of HiCr, particularly in the Cement market in Europe and

mining in North America.

➢ Decreased sales of forged steel balls, affected by strike at MineraEscondida (-3.8kTons).

▪ Casting business➢ Casting higher volumes (+8%), particularly in aggregates and mining.

➢ Quick increase in the price of FeCr and scrap at an international level thathas not yet been completely transferred to customers, affecting themargins both grinding balls and casting.

▪ Reorganization Plan➢ SG&A expenses decreased 3% compared to Mar-16 (-10% vs. Mar-15)

➢ New reorganization phase , focused in greater independence for regions.


Magotteaux

13

Results 1Q17

Bolas de Mol ienda 83.385 80.407 -3,6%

Casting 12.428 13.464 8,3%

Total 95.813 93.871 -2,0%

Magotteaux Group

Ventas físicas (tons)Mar-16 Mar-17

Var.

%

Mar-16 Mar-17 Var.

MUS$ MUS$ %

Revenue 170.091 167.741 -1,4%

EBITDA 19.620 13.697 -30,2%


Control ler's net profi t 6.910 3.728 -46,0%

Magotteaux Group

14

SK Comercial

▪ Machinery Distribution Business

➢ Machinery sales in Chile remain depressed (-24% units vs. Mar-16).

➢ Mainly the industrial machinery market (-54% units vs. Mar-16).

▪ Machinery Rental Business

➢ Fleet: US$171 million (-5% vs. Dec-16)

➢ Rental markets in Chile and Peru has been adjusted downward.

➢ SKRental continues in a fleet reduction strategy in Chile and Peru to fit thesize of the market and lower investment cycle.

▪ Corporate reorganization

➢ Continuing a project to reduce costs and synergies between differentsubsidiaries of SKC, Mar-17 reports US$1 million higher costs for thisconcept.

➢ Synergy projects in warehouses and workshops.

➢ Rationalisation of branches and maximizing the use of offices andoperations in Lampa (headquarters).

▪Resultados Sep-16 Results 1Q17

Mar-16 Mar-17 Var.

ThUS$ ThUS$ %

Revenue 77.731 62.399 -19,7%

Distribution Business 51.138 38.306 -25,1%

Rental Business 26.692 29.647 11,1%

Consolidation adjust -99 -5.554 5506,5%

EBITDA 8.545 5.428 -36,5%


Control ler's net profi t -2.009 -2.741 36,4%

SK Comercial

SK Inversiones Automotrices

▪ SKIA had profits of MM$5,065 Chilean Pesos(US$8 millions) (+53%).

✓ Result explained by higher margins of SKBergé inChilean market (Positive effect of exchange rate)

✓ Higher sales volume in Chile, Peru and Colombia

▪ SKBergé accounted sales for 17,970 units, anincrease of 18% compared to march 2016.

✓ Higher level of sales in Chile: 10,133 units(+25%).

✓ Higher sales performance abroad: 7,837 units (+10%).

▪ In Chile, ANAC recorded sales of 80,752 units in1Q17 (+ 15%).

▪ High growth potential in countries such as Peruand Colombia


15

Perú

Argentina

Chile

Colombia

Mar-16 Mar-17 Var.

MM$ MM$ %

Uti l idad Neta Controladora 3.306 5.065 53,2%

SK Invers iones

Automotrices

Agenda

▪Results 1Q17

02Main

Consolidated

figures


Highlights

04Financial

Exhibits


Sigdo Koppers Income Statement

17


Mar-16 Mar-17 Var.

Sales 570.388 525.664 -7,8%

Sales expenses -441.691 -412.314 6,7%

Gross income 128.697 113.350 -11,9%

Other operating income 6.362 4.323 -32,0%

Distribution costs -22.181 -18.306 17,5%

Administrative expenses -57.401 -56.788 1,1%

Other operating expenses -5.720 -6.350 -11,0%

Operating income 49.757 36.229 -27,2%

EBITDA 79.944 64.819 -18,9%

% EBITDA Margin 14,0% 12,3%

Interest income 962 1.121 16,5%

Interest expenses -13.393 -13.198 1,5%

Related companies income 8.767 7.934 -9,5%

Exchange differentials 1.073 561 -47,7%

Price - level restatement -1.225 -132 89,2%

Other income (losses) 161 -173 -207,5%

Gain (losses) between book value and fair

value (financial assets) - -

Income before taxes 46.102 32.342 -29,8%

Income tax -11.095 -7.711 30,5%

Income 35.007 24.631 -29,6%

Gain (losses) from uncontinnued

operations - -

Net income 35.007 24.631 -29,6%

Income attributable to Sigdo Koppers 23.961 16.306 -31,9%

Income attributable to non-controlling

interests11.046 8.325 -24,6%

Sigdo Koppers

Consolidated Income Statement

Figures in ThUS$

Revenue Sigdo Koppers

18


(1)Magotteaux’s figures include income of SKSabo Chile S.A. The profits attributable to the controller were adjusted in the different companies

through which Sigdo Koppers controls Magotteaux.

(2) SK Inversiones Automotrices S.A. (SKIA) does not account for the income of SKBergé because it holds 40% of its shares and, therefore,

does not consolidate its financial statements.

(3) Eliminations and adjustments as of June are mainly the result of consolidated intercompany eliminations

Area Servicios

Area Industrial

Area Comercial

y Automotriz

Results 1Q17

Mar-16 Mar-17 Var.

Services 147.810 144.793 -2,0%

Ingeniería y Construcción SK 115.972 110.153 -5,0%

Puerto Ventanas 31.838 34.640 8,8%

Industrial 347.166 323.123 -6,9%

Enaex 176.259 154.646 -12,3%

Magotteaux (1) 170.091 167.741 -1,4%

SK Inv. Petroquímicas 816 736 -9,8%

Commercial & Automotive 77.731 62.399 -19,7%

SK Comercial 77.731 62.399 -19,7%

SKIA (2) - - -

Parent company & adjustment(3) -2.319 -4.651 100,6%

Consolidated Sales 570.388 525.664 -7,8%

Revenue

Business Areas

Figures in ThUS$

Revenue by country (incl. SKBergé)▪D

19


▪March 2017

▪March 2017

Results 1Q17

Chile Perú Colombia Brasil Asia Norte America Europa Otros Países

MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$

Área Servicios 86,7% 13,3% 0,0% 0,0% 0,0% 0,0% 0,0% 0,0%

Ingeniería y Construcción SK 82,9% 17,1% - - - - - -

Puerto Ventanas 100% - - - - - - -

Área Industrial 41,3% 1,2% 0,3% 10,8% 9,5% 12,5% 20,9% 3,4%

Enaex 67,6% 2,2% 0,7% 12,7% - - 14,2% 2,6%

Magotteaux 11,9% - - 8,9% 20,0% 26,4% 28,4% 4,4%

SK Inv. Petroquímicas 100% - - - - - - -

Área Comercial y Automotriz 57,4% 31,8% 6,4% 0,3% 0,0% 0,0% 0,0% 4,1%

SK Comercial 83,3% 13,3% 1,8% 1,6% - - - -

SKIA 51,6% 36,0% 7,4% - - - - 5,0%

Ventas Empresas SK 56,2% 17,3% 3,1% 4,2% 3,5% 4,7% 7,8% 3,2%

Ventas

Áreas de Negocios

Chile Perú Colombia Brasil Asia Norte America Europa Otros Países

MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$

Área Servicios 86,8% 13,2% 0,0% 0,0% 0,0% 0,0% 0,0% 0,0%

Ingeniería y Construcción SK 82,7% 17,3% - - - - - -

Puerto Ventanas 100% - - - - - - -

Área Industrial 32,6% 3,6% 0,1% 13,0% 6,0% 17,6% 21,1% 6,0%

Enaex 58,1% 7,4% 0,2% 15,7% - - 14,1% 4,4%

Magotteaux 8,8% - - 10,5% 11,6% 33,9% 27,6% 7,6%

SK Inv. Petroquímicas 100% - - - - - - -

Área Comercial y Automotriz 60,4% 26,9% 6,8% 0,4% 0,0% 0,0% 0,0% 5,5%

SK Comercial 81,1% 12,9% 3,2% 2,7% - - - -

SKIA 56,9% 29,3% 7,4% - - - - 6,4%

Ventas Empresas SK 54,7% 16,3% 3,3% 4,8% 2,2% 6,3% 7,6% 4,8%

Ventas

Áreas de Negocios

EBITDA Sigdo Koppers

20


(1) Magotteaux’s figures through December include the EBITDA of SK Sabo Chile S.A.

(2) SK Inversiones Automotrices S.A. (SKIA) does not account for the EBITDA of SKBergé because it owns 40% of its shares and, therefore, it

does not consolidate its financial statements.

(3) Pro Forma EBITDA = EBITDA + Related Company Profits.

Area Servicios

Area Industrial

Area Comercial

y Automotriz

Results 1Q17

Mar-16 Mar-17 Var.

Services 10.750 13.108 21,9%

Ingeniería y Construcción SK 1.481 2.972 100,7%

Puerto Ventanas 9.269 10.136 9,4%

Industrial 62.191 47.844 -23,1%

Enaex 42.098 33.751 -19,8%

Magotteaux (1) 19.620 13.697 -30,2%

SK Inv. Petroquímicas 473 396 -16,3%

Commercial & Automotive 8.683 5.409 -37,7%

SK Comercial 8.706 5.428 -37,7%

SKIA (3) -23 -19 -17,4%

Parent company & adjustment -1.680 -1.542 -8,2%

Consolidated EBITDA 79.944 64.819 -18,9%


Consolidated pro-forma EBITDA 88.711 72.633 -18,1%

EBITDA

Business Areas

Figures in ThUS$

Pro-Forma EBITDA

decreased a 49% in

CLP due to lower

level of activity in

the mining sector

(BSK)

Decrease in Rental

Business

Lower physical

sales and lower

operating margin

because of plant

maintenance

Smaller volumes and

margins in Grinding balls

business (HiCr)

EBITDA Pro-Forma

por área de Negocios

21

EBITDA Pro-FormaPor áreas de negocio: Sep-16 v/s Sep-15 (US$ miles)

▪Results 1Q17

-18,1%

Servicios

Industrial

Comercial y

Automotriz

Higher margins and

volumes

Higher operational

profit on PVSA

(+1,3 MUS$) and

lower in Fepasa

(-0,4 MMUS$)

Mar-16 Mar-17 Var. Mar-17 Mar-16 Mar-17 Var.

Services 9.125 5.524 -39,5% 5.618 2.896 -48,5%

Ingeniería y Construcción SK 4.234 66 -98,4% 60,43% 2.559 41 -98,4%

Puerto Ventanas 4.891 5.458 11,6% 50,01% 3.059 2.855 -6,7%

Industrial 28.573 20.060 -29,8% 19.740 12.801 -35,2%

Enaex 21.368 16.062 -24,8% 60,72% 12.975 9.753 -24,8%

Magotteaux (1) 6.910 3.728 -46,0% 95,00% 6.521 2.824 -56,7%

SK Inv. Petroquímicas (2) 294 270 -8,2% 74,59% 244 224 -8,2%

Commercial & Automotive 2.700 4.989 84,8% 2.986 5.344 79,0%

SK Comercial -2.009 -2.741 -36,4% 87,20% -1.723 -2.386 -38,5%

SKIA 4.709 7.730 64,2% 99,99% 4.709 7.730 64,2%

SK companies profit 40.397 30.573 -24,3% 28.344 21.041 -25,8%

Parent company & adjusments -4.383 -4.735

Total consolidated profit 23.961 16.306 -31,9%

Total Companies Attributable to parent companyNet profit

Business Areas

% SKFigures in ThUS$ Figures in ThUS$

Sigdo Koppers’ Net Profit

22


(1) Magotteaux’s figures include income of SK Sabo Chile S.A. The profits attributable to the controller were adjusted in the different companies through

which Sigdo Koppers controls Magotteaux.

(2) The profit of CHBB was adjusted in SK Inversiones Petroquímicas S.A. through which Sigdo Koppers controls CHBB.

Services

Industrial

Commercial &

Automobile

Results 1Q17

Indicators

Net Financial Debt 810.854 789.193

Working Capital 525.416 551.824

Working Capital Days 88 94

Days of Consolidated Inventory 58 65

Accounts Receivable (Days) 92 94

Accounts Payable Days 64 65

Dec-16 Mar-17 Var.

Current Assets

Cash and cash equivalent 299.606 307.931 2,8%

Account and sales receivables 552.061 551.657 -0,1%

Inventories 272.910 297.609 9,1%

Other current assets 39.385 38.562 -2,1%

Total current assets 1.163.962 1.195.759 2,7%

Long-term assets

Property, plants & equipment 1.187.522 1.199.942 1,0%

Other long-term assets 1.194.489 1.188.883 -0,5%

Total long-term assets 2.382.011 2.388.825 0,3%

Total assets 3.545.973 3.584.584 1,1%

Current liabilities

Short-term financial debt 297.552 294.540 -1,0%

Accounts payable 299.555 297.442 -0,7%

Other current l iabilities 131.180 166.092 26,6%

Total current liabilities 728.287 758.074 4,1%

Long-term liabilities

Long-term financial debt 812.908 802.584 -1,3%

Other long-term liabilities 324.436 318.397 -1,9%

Total long-term liabilities 1.137.344 1.120.981 -1,4%

Total liabilities 1.865.631 1.879.055 0,7%

Equity

Attributable to the controller 1.268.867 1.282.447 1,1%

Attributable to non-controlling interests 411.475 423.082 2,8%

Total equity 1.680.342 1.705.529 1,5%

Total liabilities and equity 3.545.973 3.584.584 1,1%

Consolidated Balance SheetFigures in ThUS$

Sigdo Koppers Balance sheet

23


Net Financial Debt/ EBITDAFinancial Debt

24

Services

Industrial

Commercial &

Automobile

Parent Comp.

US$ 1,097 millions – Consolidated

US$ 789 millions – Net Financial Debt

Current 27%

Non Current 73%

Cash (US$ millions) Key financial Indicators

Conservative financial profile


▪ Consolidated Leverage: 1.10x

▪ Financial Net Leverage**: 0.46x

▪ Net Financial Debt/EBITDA: 2.86x▪ ND/(EBITDA+Consortium): 2.64x

▪ Rating: ✓ A+ Fitch-Ratings✓ AA- ICR

* Including CHBB, SK Inv. Automotrices S.A. y SK Internacional S.A.

** Corporate Bonds Covenant < 1,2x

Results 1Q17

2,86x

2,64x

Mar-16 Mar-17 Var.

Operating cash flow 21.221 45.739 115,5%

Investment cash flow -24.007 -18.373 -23,5%

Capex -21.699 -32.920 51,7%

Fixed assets sales 547 7.787 1323,6%

Other -2.855 6.760 -336,8%

Finance cash flow -24.477 -19.211 -21,5%

Net variation in financial l iabilities -10.454 -5.934 -43%

Interest -12.087 -11.092 -8,2%

Dividends 0 0

Capital increased 0 132

Other -1.936 -2.317 19,7%

Total net cash flow -27.263 8.155 129,9%

Effect of exchange rate changes 3.441 380 -89,0%

Cash and cash equivalent 215.734 289.930 34,4%

Consolidated

Cash Flow

Figures in ThUS$

Cash Flow of Sigdo Koppers

25


CAPEX

26

▪

Major investments in Fixed Assets:

▪ Puerto Ventanas:

✓ Ramp up of copper concentrate warehouse of

46,000 Tons capacity

✓ Upgrade of Site #3 (total investment US$32

million, 60% advance)

▪ Enaex:

✓ Overhaul and Upgrade in Prillex plant (Panna 3)

(US$ 2.5 million)

✓ Construction plant in Los Bronces (US$ 2.6 million)

✓ Construction of a modular emulsion plant in the

USA (US$ 1.6 million)

▪ SK Comercial: Defleeting (divestment) of fleet of SKRental.

(1) Capex Neto: El Capex de SKC incluye la venta de maquinaria usada de SK Rental

Results 1Q17

Mar-16 Mar-17

MUS$ MUS$

Área Servicios 7.794 14.106

Ingeniería y Construcción SK 1.292 702

Puerto Ventanas 6.502 13.404

Área Industrial 13.494 18.528

Enaex 7.441 15.904

Magotteaux 6.053 2.624

SK Inv. Petroquímicas - -

Área Comercial y Automotriz -7.784 -15.881

SK Comercial (1) -7.784 -15.881

SKIA - -

Capex Empresas SK 13.504 16.753

Capex

Áreas de Negocios

▪Asesores Financieros

Results Presentation

Asesores Financieros 1Q17 Results Presentation| June 2017 · Tronadura Venta, Arriendo y Servicio...

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Transcript of Asesores Financieros 1Q17 Results Presentation| June 2017 · Tronadura Venta, Arriendo y Servicio...