Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia...
Transcript of Corporate Presentation - Andino Investment Holding€¦ · Market Share (Callao 2012) Neptunia...
Corporate Presentation
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We are a peruvian Holding leading to
serve the Logistics Chain for Foreign
Trade for over 40 years, and provide Port
and Airport Infrastructure.
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AIH Presence through the Logistics Chain
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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
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.
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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
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Andino Investment Holding
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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
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Corporate Governance
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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
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$230 millions*.
Logistic Services
Company’s Description
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Empty Container
Storage
Warehousing
Distribution
Stevedoring Services
Pilotage and Towage
Submarine works
Modal interchange
nodes
Long term
Services/solutions
(*) Includes sales at the non consolidating companies (TPE, AAP, among others).
Strategic Real Estate Portfolio
1.2 millions m2 (Lima, Callao and Paita)
Corporate Organization
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AIH
NAUTILIUS
SVITZER ANDINO
AEROPUERTOS ANDINOS
DEL PERU
TRITON MARITIME
SERVICES
PENTA TANKS TERMINALS
COSMOS AGENCIA MARÍTIMA
ANDINO SERVICIOS
COMPARTIDOS
TERMINALES PORTUARIOS
EUROANDINOS
AUGUSTO
FARFAN OPERADORA PORTUARIA
MULTITAINER TRITON TRANSPORTS
ALMAFIN INVERSIONES
PORTUARIAS
INMOBILIARIA
TERRANO
50%
50%
50%
50% NEPTUNIA
75%
10.22%
100%
89.78%
Real Estate Assets
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AIH has over 1.2 millions m2 of real Estate Assets of over US$ 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
Oportunity: Foreign Trade and Infrastructure Gap
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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
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
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Container storage
Warehouse
Distribution
Stevedoring
Pilotage
Towage
Underwater works
Container transport
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
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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%
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12%15%13%
Business Units
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Infrastructure
Maritime Services
Logistic Services
I. Infrastructure
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Infrastructure
Maritime Services
Logistic Services
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.
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I. Infrastructure – Projects
300
m
220
m
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.
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I. Infrastructure – Projects
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.
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Current Infrastructure
Projected Infrastructure
I. Infrastructure – Concessions
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).
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I. Infrastructure – Concessions
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.
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I. Infrastructure
II. Logistics Services
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Infrastructure
Maritime Services
Logistic Services
II. Logistics Services
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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.
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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
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.
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II. Logistics Services
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.
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II. Logistics Services
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.
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II. Logistics Services
III. Maritime Services
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Infrastructure
Maritime Services
Logistic Services
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.
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III. Maritime Services
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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%
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.
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Infraestructure
Maritime Services
Logistic Services Contacts:
José Balta Del Río
Corporate Chief Financial Officer
(511) 7144444
Susanne Noltenius Aurich
Investor Relations
(511) 3154200
www.andino.com.pe