Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia...

32
Corporate Presentation 1

Transcript of Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia...

Page 1: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Corporate Presentation

1

Page 2: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

We are a peruvian Holding leading to

serve the Logistics Chain for Foreign

Trade for over 40 years, and provide Port

and Airport Infrastructure.

2

Page 3: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

AIH Presence through the Logistics Chain

3

Logistics Management

at Origin (Imp) or

Destination (Exp)

Multimodal Services

Storage

Multimodal Transport

Support

⁻ TPE

⁻ AAP

⁻ Neptunia

⁻ Penta Tanks ⁻ Cosmos

⁻ Neptunia

⁻ Multitainer

⁻ Almafin ⁻ Cosmos

⁻ Triton Transports

Export Flow

⁻ Cosmos

⁻ Neptunia

Import Flow

Page 4: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

AIH provides services in all peruvian

ports and at the main river ports in the

jungle to meet our customers’ needs in

Foreign Trade, Mining, Oil & Gas and

Infrastructure Sectors.

4

PAITA

ILO

BAYOVAR

CHIMBOTE

CALLAO

TALARA

PISCO

MATARANI

ZORRITOS

SALAVERRY

HUARMEY

SUPE

PAMPA MELCHORITA

SAN NICOLAS

MOLLENDO

PUCALLPA

IQUITOS

CHICLAYO

MADRE DE DIOS

AREQUIPA

AYACUCHO

YURIMAGUAS

ATALAYA

Page 5: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

5

Andino Investment Holding

5

Page 6: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

6

Cosmos Agencia

Marítima is

established.

1972

1980

Neptunia starts

operations at the

port of Callao.

1993

Triton Transport

starts operations to

support Neptunia.

1998

Neptunia starts

operations at

the port of

Paita.

2005

Andino Investment

Holding is

founded.

2006

Cosmos acquires 50%

of Nautilius.

Cosmos acquires

52.8% of Neptunia and

takes control of the

company.

2007

Operadora

Portuaria S.A. is

founded to focus

on Mineral and

Bulk Cargo.

File Service is

acquired.

2009

TPE wins the

concession to operate

the Port of Paita.

Penta Tanks is founded

under a 20 year

contract with Maple

Energy .

2011

AAP wins the concession to

operate the five southern

airports..

Minority shares at Neptunia

and Cosmos are bought out.

To consolidate 100% of both

companies.

US$ 85 mm syndicated loan

estructured by Goldman

Sachs is executed.

2012

Andino Investment Holding issues an

IPO in the Lima Stock Exchange (BVL).

TPE issued international bond of

US$110mm.

Building works start at:

• AAP1

• TPE2

• Penta Tanks

(1) AAP = Aeropuertos Andinos del Perú

(2) TPE = Terminales Portuarios Euroandinos

6

Page 7: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Corporate Governance

7

On February 2 2012, AIH issued an IPO on the

Lima Stock Exchage (BVL) of 34.8 million common

shares. These shares represent 25.88% of the

equity.

The remaining 74.12% equity is controlled by a

group of investors that have worked together since

the very beginning of the first compay at the Group,

over 40 years ago.

AIH’s Board is composed by 7 members, 3 of them are independent:

Dieter Matthies Wacker, President

Carlos del Solar Simpson, Vicepresidente (independent director)

Wolf Dieter Krefft Berthold

Enrique Vargas Loret de Mola

Luis Vargas Loret de Mola

Miguel Aramburú Alvarez Calderón (independent director)

Luis Carranza Ugarte (independent director)

25.88%

74.12%

Float

Controlling Group

Page 8: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Infrastructure

Maritime Services

Andino Investment Holding (“AIH”) is a group of peruvian companies, leading the Logistic Services and Port

Services and providing Infrastructure. Group Sales run over US$230 millions*.

Logistic Services

Company’s Description

8

Empty Container

Storage

Warehousing

Distribution

Stevedoring Services

Pilotage and Towage

Submarine works

Modal interchange

nodes

Long term

Services/solutions

(*) Includes sales at the non consolidating companies (TPE, AAP, among others).

Strategic Real Estate Portfolio

1.2 millions m2 (Lima, Callao and Paita)

Page 9: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Corporate Organization

9

10

AIH

NAUTILIUS

SVITZER ANDINO

AEROPUERTOS ANDINOS

DEL PERU

TRITON MARITIME

SERVICES

PENTA TANKS TERMINALS

COSMOS AGENCIA MARÍTIMA

ANDINO SERVICIOS

COMPARTIDOS

TERMINALES PORTUARIOS

EUROANDINOS

AUGUSTO

FARFAN OPERADORA PORTUARIA

MULTITAINER TRITON TRANSPORTS

ALMAFIN INVERSIONES

PORTUARIAS

INMOBILIARIA

TERRANO

50%

50%

50%

50% NEPTUNIA

75%

10.22%

100%

89.78%

Page 10: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Real Estate Assets

10

AIH has over 1.2 millions m2 of real Estate Assets of over US$ 600 millions commercial value, conveniently

located in Lima, Callao and Paita.

Infrastructure Area (m2) Commercial Value

AIH

share

OPORSA 578,681 249,519,246 100%

TERRANO 140,890 78,898,534 75%

Logistic Services Area (m2) Commercial Value

AIH

share

NEPTUNIA 473,851 272,807,114 100%

ALMAFIN 18,670 12,545,676 100%

Maritime Services Area (m2) Commercial Value

AIH

share

COSMOS 16,568 2,368,004 100%

NAUTILIUS 321 125,690 50%

TOTAL 1'228,981 m2 USD 616,264,264

Page 11: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Oportunity: Foreign Trade and Infrastructure Gap

11

Foreign Trade Growth

Annual Growth

18%

Trade Agreements

(TLC)

Sustained growth over the last 20

years

Strategic Location

Infrastructure Gap

Mining and Construction Investment

Peru: Investment

Grade

Public and Private

Investment

Ports and Airports

privatization

ANDINO INVESTMENT HOLDING

Page 12: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

AIH has expanded its service lines through a “concentric circles” strategy, consolidating a business unit and

then making it grow by expanding the scope of services it offers.

As an example, the presence of the Group at Paita has lead into additional businesses for AIH (sinergy):

AIH Philosophy and Value Added

12

Container storage

Warehouse

Distribution

Stevedoring

Pilotage

Towage

Underwater works

Container transport

Page 13: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Business Units Performance

EBITDA (US$ mm) / EBITDA Margin (% Sales) Sales by Business Unit (US$ mm)

Exchange Rate: S/. 2.755 in 2011 / 2.551 in 2012

Non consolidating Sums

20102011

2012

54 58 81

102

123

138 12

15

22

Maritime Services Logistic Services Infrastructure

196

240

17%

23%

168

20102011

2012

7 7 6

10

15 15

4

7 9

Maritime Services Logistic Services Infrastructure

29 30

38%

3%

21

12%15%13%

Page 14: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Business Units

14

Infrastructure

Maritime Services

Logistic Services

Page 15: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

I. Infrastructure

15

Infrastructure

Maritime Services

Logistic Services

Page 16: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Inmobiliaria Terrano S.A.:

The company owns a 14 hectares piece of land adjacent to Lima’s International Airport Jorge

Chávez and very close to the Port of Callao.

It will develope a logistic complex that will include 3 areas: corporate and commercial center,

logistics center (air cargo mainly) and two hotel tower under Accor label.

16

I. Infrastructure – Projects

300

m

220

m

Page 17: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Operadora Portuaria S.A. (OPORSA):

The Project Terminal Portuario Ventanilla (TPV) is located in the industrial zone of the

district of ventanilla, 14km. north from Callao, in an area of 60 hectares.

TPV plan is to develop a private port specialized in the storage and loading/unloading of

bulk cargo.

17

I. Infrastructure – Projects

Page 18: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Terminales Portuarios Euroandinos Paita S.A. consortium

conformed by Cosmos and Mota-Engil Group (Portugal), created

to upgrade and operate the port terminal of Paita under a 30-year

concession contract with the Peruvian Government.

Projected Investments come to USD 270 Millions, to be

executed in 4 stages.

Stage 1 started in June 2012 and includes the building of a

new container peer of 12.6 hectareas along with 1 dock

gantry crane and 2 yard gantry cranes.

18

Current Infrastructure

Projected Infrastructure

I. Infrastructure – Concessions

Page 19: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Aeropuertos Andinos del Perú S.A. is a consortium conformed by AIH and Corporación America S.A.

(Argentina). The company won in September 2010 a 25 year concession to build, modernize and expand a

group of airports in the south of Peru (Arequipa, Juliaca, Puerto Maldonado, Tacna and Ayacucho).

First stage of works commenced in March 2012 and includes US$ 57 Millions investments for a 3 year

period.

For the rest of the concession term investments will reach an amount of over US$214millions (subjected

to Government approval).

19

I. Infrastructure – Concessions

Page 20: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Penta Tanks Terminals S.A. develops & operates liquid bulk cargo terminals.

Its first terminal is located in Paita and started operations in June 2012, serving Maple Ethanol, an

ethanol producer, as its first customer under a 20 year contract.

All production will be stored at AIH’s facilities and then shipped through a pipeline to the vessels. The

first shipment of ethanol was successfully complied on August 2012.

20

I. Infrastructure

Page 21: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

II. Logistics Services

21

Infrastructure

Maritime Services

Logistic Services

Page 22: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

II. Logistics Services

22

Neptunia S.A. is the leading logistics operator in Peru with over 30 years experiences in all type of cargo

handling. It holds a key rol on the logistics chain for foreign trade and its main location is only 2 km away

from Callao Port.

Main customers at Neptunia are: (i) Shipping lines, (ii) Importers and Exporters, (iii) Cargo Forwarders

and (iv) Logistics operators and Custom Agents.

Its main Port Services are: Import & Export Services,

Empty Container Storage, Other services: Forwarder,

Reefer, among others.

Its main Logistic Services are: Customs Warehouse, Bulk

cargo terminal, Distribution Center, Neptumóvil, Mineral

concentrates deposit.

Page 23: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

23

Market Share (Callao 2012) Neptunia Operations

Elaboración: AIH

II. Logistics Services

NEPTUNIA15%

DP WORLD12%

TRAMARSA12%

CONTRANS9%ALCONSA

8%

IMUPESA7%

NO DECLARADO7%

TPP6%

ALSA5%

LICSA5%

RANSA4%

UNIMAR3%

DEPOSITOS EFE3%

OTROS2%

SAKJ DEPOT1%

APM TERMINALS1%

Callao

Matarani

Paita

Chiclayo

Pucallpa

Page 24: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Triton Transports S.A. provides freight services countrywide, offering transport solutions for all types of

cargo such as containers, general cargo, bulk cargo, oversized cargo, pipeline transport, machinery and

heavy equipment, minerals, among others. Triton Transports has a fleet of over 90 trucks.

24

II. Logistics Services

Page 25: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Multitainer S.A. started operations in 2008 transforming containers into offices and temporary housing for

construction and mining companies. To date the company has managed to expand their operations to other

similar construction services including design, building, transportation, installation and equipment modules.

Also, the company has expanded its scope to install habitability barges that serve to support the exploration

and exploitation of oil in the continental shelf.

25

II. Logistics Services

Page 26: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

Almacenes Financieros S.A. was established in 2009 as a General Warehouse officer and is supervised

by the SBS. The main objective of the company is to operate as an authorized trust to issue warrants

according to financial goods stored in it. With these warrants, customers can obtain financing from the

banking system. The main products Almafin receive are: wheat, fish meal, minerals, rice and cereals.

26

II. Logistics Services

Page 27: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

III. Maritime Services

27

Infrastructure

Maritime Services

Logistic Services

Page 28: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

III. Maritime Services

Cosmos Agencia Marítima S.A.C. was established in June 1972. Cosmos is one of the leading maritime

and stevedoring agency nationwide.

Its main services include:

Maritime Agency;

Stevedoring;

Underwater operations;

Several services at marine and riverside terminals.

Cosmos customers are Shipping Lines from all over the world, as well as mining and energy companies.

Cosmos operates the main oil and gas terminals over the country, with companies like Pluspetrol, Camisea,

Perú LNG, Petroperú, Savia, BPZ Energy among others.

28

Page 29: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

III. Maritime Services

29

Market Share (2012) Cosmos Operations in Peru

Elaboración: AIH Ilo

San Martín

Huarmey

Chimbote

Salaverry

Pucallpa

Callao

Talara

Matarani

Paita

Zorritos

Bayovar

San Nicolás

Mollendo

Iquitos

OTROS36%

RENADSA7%

MARITIMA OCEANO

3%IAN TAYLOR

4%MSC3%

COSMOS13%

TRAMARSA16%

SERPAC7%

MAERSK5%

TPP5%

Page 30: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

III. Maritime Services

Svitzer Andino S.A. is a joint venture with Svitzer Americas, the world leading towage company with 177

years experience worldwide. The main services provided by Svitzer Andino are: Los principales servicios

que brinda SA son: Towing to port, docking and undocking of ships, rescue and assistance to ships,

prevention and containment of spills, transfer operations from ship to ship, emergency.

Triton Maritime Services S.A.C. is the company that provides pilotage services. It has over 10 years

experience and operates at the main peruvian ports: Zorritos, Paita, Bayovar, Salaverry, Callao, Pisco and

also at the PERU LNG terminal. In addition, Trimser offers spill containment services.

Nautilius S.A. is a maritime agency operating in Callao for over 30 years. This a consortium with the

Romero de la Puente family (50% / 50%). Its services include: stevedoring, bulk cargo, oil & gas and towage

services.

30

Page 31: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA

31

Infraestructure

Maritime Services

Logistic Services Contacts:

José Balta Del Río

Corporate Chief Financial Officer

(511) 7144444

[email protected]

Susanne Noltenius Aurich

Investor Relations

(511) 3154200

[email protected]

www.andino.com.pe

Page 32: Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia Operations Elaboración: AIH II. Logistics Services NEPTUNIA 15% DP WORLD 12% TRAMARSA