CORPORATE PRESENTATION - Odinsa¬n...CORPORATE PRESENTATION ABOUT ODINSA Long term vision of the...
Transcript of CORPORATE PRESENTATION - Odinsa¬n...CORPORATE PRESENTATION ABOUT ODINSA Long term vision of the...
CORPORATE
PRESENTATION
ABOUT ODINSA
Long term vision
of the future
We create connections that
boost competitiveness and
generate opportunities
Backing by
Grupo ArgosSustainability
WE ARE THE CONCESSIONS
COMPANY OF GRUPO ARGOS
We promote, structure, develop and manage road and airport infrastructure projects.
We generate strategic connections to contribute to the regions’ competitiveness and bring people closer.
This is possible by keeping the following
attributes in mind:
Financial strength
Participation in high
impact projects in
Latin America
Adequate mix of
assets in different
stages
Origination of
infrastructure
projects
Strategic position,
financial strength and
in-depth knowledge of
the business as well as
the region, which makes
us a competitive
organization in the market
Generation of shared
value for society and the
company with projects
which have been
developed
conscientiously and in
balance with the
environment and
communities as to leave
a positive footprint
High Corporate
Governance
standards in line with
the Business Group.
Backing by a business
group with over 80 years
of history.
Solid and
diversified
portfolio
Financial
strengthSustainability
Backing by
Grupo Argos
SUSTAINABILITYWe advance our projects in balance with the environment and people’s rights.
We leave our footprint as allies to the local and regional development.
We always seize opportunities to learn.
Solid investment.
High Corporate
Governance and
Sustainability
standards
CODES
Corporate Governance Code
Code of Business
Conduct
POLICIES
Policy for the management of
fraud, bribery and corruption
Policy for auto-control and risk
management of money
laundering and financing of
terrorism
Relationship policy between
related companies
Data protection policy
Policy for gifts and
favors
CHANNELS OF
COMMUNICATION
Transparency line
Annual declaration of
potential sources with
conflict of interest
We generate
shared value and
manage our
business
responsibly,
following good
practices in
Corporate
Governance and
Sustainability
Green Corridor, Aruba
Autopistas del Nordeste, República Dominicana
Boulevard Turístico del Atlántico, República Dominicana
Malla Vial del Meta, Colombia Conexión Pacífco 2, Colombia
Túnel Aburrá Oriente, Colombia
Autopistas del Café, Colombia
Our portfolio
ROAD CONCESSIONS
AIRPORT
CONCESSIONS
ROAD
CONCESSIONS
AIRPORT
CONCESSIONS2 7
1CONSTRUCTION
1PRE-
CONSTRUCTION
5OPERATION AND
MAINTENANCE
Not controlled participation in the Mariscal Sucre (Quito) neither El Dorado (Bogota) airports.
El Dorado, Colombia Mariscal Sucre, Ecuador
AIRPORT CONCESSIONS
DOMINICAN
REPUBLIC
ROAD CONCESSIONS
1. Highways of the Northeast
2. Touristic Boulevard of the
Atlántico
ROAD
CONCESSIONS
60%
35%
30%
47%
79% 53% 51% 100%
68% 68%
ECUADOR
AIRPORT
CONCESSIONS
International Airport Mariscal
Sucre
ARUBA
ROAD CONCESSIONS
Green CorridorAKF
Odinsa
Grupo Argos
Others
ADN BTA
Pacífco 2 Green CorridorAburrá Oriente tunnel
Opain Quiport
COLOMBIA
ROAD CONCESSIONS
1. Highways del Café
2. Connection Pacífco 2
3. Road network of the Meta
4. Concession Aburrá Oriente tunnel
AIRPORT CONCESSIONS
5. International Airport El Dorado
IP6. IP New airport in Cartagena
7. IP Perimeter of the Sabana
8. IP Bogota airport system
9. IP Airfield
1
6
4
7
5 8 9
3
1
2
2
We are present in 4 countries
Road Network of the Meta
A talented team
Teamwork as a main source for
the consolidation of
knowledge.
Innovation as a differentiator
to leave our footprint where
we have operations.
Leadership that inspires and
motivates the achievement
of big entrepreneurial
challenges and the
experience of values.
4.349
1.946
TOTAL CO-WORKERS
6.295
Direct Indirect
Odinsa: Airports: Roads:
91 2.976 3.552
CO-WORKERS
1.561
COLOMBIA
797 kmin operation
1.991
Direct
Indirect
3.552
Featured figures
4 countriesin operation
ANNUAL TRAFFIC
OF VEHICLES
37,7million
103,231per day
ANNUAL PASSENGER
TRAFFIC
40million passengers in 2019
965.000tons of cargo
AIRPORT
CONCESSIONS
CO-WORKERS
ROAD
CONCESSIONS7 2
2.130
846
2.976
Direct
Indirect
I am a student.
I assume responsibility.
We are humble
We are curious
We are punctual
We are respectful We are autonomous
We are efficient
I work impeccably.
I am competent and profitable.
We are adaptable
We are digital
We are ethical
I take care of my physical,
mental and emotional balance.
I generate trust.
I am always service minded.
I work today facing the future.
We always learn
We are the best option
We advance in balance
We leave a footprint
Our values and behaviors
ODINSA CULTUR
Beh
avio
rs
We are committed
Odinsa and concessions in 2019
CONFIDENCESuccessful placement of bonds in the international market:
Mariscal Sucre issued USD 400 million
El Dorado placed USD 415 million and has a BBB qualification by Fitch
Ratings.
Highways del Café optimized its capital structure through a debt of COP 250k mm
WORKSWork on the expansion of the passenger terminal of the Mariscal Sucre Airport
has begun with an investment of USD 60 million.
COMPLIANCEThe concessionaire Opain closes the expansion and modernization stage of the El
Dorado airport, according to the work schedule and contract specifications, with an
investment of COP 2,6 billion
SUSTAINABILITYOdinsa’s first voluntary participation in the Dow Jones Sustainability Index in
which it ranks 10th out of 33 companies.
ADVANCESThe works of the Otrosí 20 in Highways del Café proceed, and the Otrosí 22 has
been signed, which will count with an investment of COP 22.000 million to continue
promoting connectivity in the Coffee Region.
EFFICIENCYPositive advance of the Pacífco 2 works ahead of schedule, with construction
milestones such as the Mulatos tunnel breakthrough and the reception of the
UF1 by the National Infrastructure Agency (ANI as per its Spanish acronym).
COMMITMENT The Mariscal Sucre airport has become the first international airport in Latin
America with a Carbon neutral footprint, and El Dorado has been granted with
the Level 2 Reduction certification by the Airport Carbon Accreditation program
(ACA).
COMPETITIVENESSFour private initiatives in feasibility stage: new airport in Cartagena, Bogotá Airpot́ s
Airfield System and Perimeter of the Sabana.
GROWTHAcquisition of a 53% stake in the Aburrá Oriente tunnel concession, which
strengthens the company’s portfolio and its presence in Colombia.
CURRENT PROJECTSCHARACTERISTICS
RELEVANT FIGURES
Location: Bogota, Colombia
Operated by: Opain 2027CONCESSION END
DATE
Total passengers per year
Millions of passengers
EBITDA
Millions in COP
2015 2016 2017 2018 2019
217.693
265.121
281.108
370.480
344.467
2012 2013 2014 2015 2016 2017 2018 2019
15,8 17,4 19,1 20,8 21,3 20,6 21,6 23,8
25,022,5
27,430,930,0 31,0
32,7 35
6,77,6
8,49,2 9,8
10,411,1 11,4
EL DORADOAIRPORT
International
Domestic
IN GENERAL
On the first quarter of
2017 30%
In December of
2017the extension of approximately 50.000 additional
square meters of terminal was inaugurated, of which
22.000 are restaurants and VIP lounges.
223.700m2 of constructed terminal area.
In 2019connected approximately
35 million passengers.
In 2019 placed successfully
USD415 million in bonds in the international market
AIRLINES
24 6 21
DESTINATIONS
46 42
LOCATION
Bogota / Colombia
international domestic cargo
international domestic
USD 415million placed as bonds with a BBB
qualification by Fitch Ratings
El DoradoAirport
Grupo Argos completed
the purchase of Directly 35%
El Dorado Airport in the last year
HIGHLIGHTS
In 2019, the official
closure of the
expansion and
modernization stage
was carried out with an
investment equivalent
to COP 2,6 billion.
Opened seven new
routes:
Munich (Germany),
Santa Cruz de la Sierra
(Bolivia), Barcelona
(Venezuela), Maracaibo
(Venezuela), Valencia
(Venezuela), Porlamar /
Isla Margarita
(Venezuela) and
Asunción (Paraguay).
Ranks first in cargo
volume in Latin
America and 3rd in
passenger traffic.
Closed the year with
269 commercial
premises and some
165 brands.
Started a technical
transformation
program: installation of
self check-in kiosks;
biometric gates at
emigration (iris
identification);
information screens;
automatic pre-security
doors; Airport
Collaborative Decision-
Making system is
ongoing, that provides
information for decision
making and processes,
as well as users’ times
optimization.
Counts with a 10.369
solar panel energy
system that generation
approximately 12% of
the terminal’s power.
Received recognition
for: Zero Waste Gold
Certification and
Level 2 Airport
Carbon
Accreditation.
1
2
3
4
5
6
7
RELEVANT FIGURES
Location: Quito, Ecuador
Operated by: Corporación
Quiport S.A.
2041 CONCESSION END
DATE
Total passengers per year
Millions of passengers
EBITDA
Millions in USD
2015 2016 2017 2018 2019
116 107 106111
120
2012 2013 2014 2015 2016 2017 2018 2019
3,5 3,4 3,3 3,0 2,7 2,6 2,8 2,7
5,45,3
5,6
4,95,4
4,9 5,2 5,1
1,8 2,1 2,32,4
2,1 2,2 2,4 2,4
MARISCAL SUCREAIRPORT
International
Domestic
IN GENERAL Mariscal SucreAirport
In December of
2015Odinsa acquired 46,5% of the company owning 93% of
the shares of the Mariscal Sucre de Quito (UIO), Ecuador
concessionaire.
In 2019placed successfully
USD 400 million in bonds in the international market
LOCATION
Quito / Ecuador
AIRLINES
14 2 243.700passengers cargo tons of cargo per year
USD 400
DESTINATIONS
11 16international domestic
million issued as bonds with a BBB
qualification by Fitch Ratings
Strong domestic origin-destination travel
market.
Mariscal Sucre Airport in the last year
Rewards: Skytrax Best
Regional Airport in South
America and Best Airport
Staff in South America.
Has started the
expansion works of the
passenger terminal,
which will count with a
usable area of 16.000
square meters, with an
investment of USD 60
million. Once the work is
completed, the terminal
will increase by 35% in
areas such as departure
lounges, public arrivals
and departures halls, a
migration area, as well as
customs and baggage
claim halls.
Incorporated one
domestic and four
new international
airlines in addition to
expanding the offer of
routes to 4 international
and 5 domestic
destinations.
1
2
3
4
HIGHLIGHTS
Has become the first
international airport to
achieve a carbon
neutral footprint in
Latin America.
RELEVANT FIGURES
Total traffic
Thousands of vehicles
EBITDA
Millions in COP
2015 2016 2017 2018 2019
46.788
62.491
80.351
35.228
63.997
2012 2013 2014 2015 2016 2017 2018 2019
10.5809.777
11.328
12.89112.147 12.544
12.08012.330
HIGHWAYSDEL CAFÉ
270 KMLENTGH
Location: Coffee Region, Colombia
Operated by: Autopistas del Café 2027YEAR OF
COMPLETION
VEHICLES
33.801 *in 2019
Average per day
IN GENERAL
Highways
del Café
Capital structure optimized in 2019 with a long-
term credit of COP 250k million.
First generation concession with Guaranteed Minimum Income (GMI).
In the last years, the yield of the concession has
exceeded the IMG. exceeded the GMI.
toll
stations7 4 customer service centers
operational
control center1 1 weighing station
THE PROJECT
256 5
LOCATION
Risaralda, Quindío,
Caldas, Cauca Valley
/ Colombia
Kilometers of roadways Pedestrian bridges
63.7
4Overpasses at critical points of the
trajectory
COP 250.000
BridgeKilometers of two-lane roadways
Helical + tunnel
million in support by the investment bankNew debt to optimize capital structure
The concession
advanced the work on
the Otrosí number 20,
such as the El Jazmín
intersection between
Risaralda and Caldas,
the pedestrian bridge El
Rosario and the
Postobón bridge in
Dosquebradas. Highways del Café provide tourists and residents
of the region an experience of closeness through
the customer service centers called Tambos.
Highways del Café, UTP and the Risaralda
Governance created together with local artists the
biggest bird mural in the region.
It counts with a mobile app that provides real time
information on the state of roads, services and
maintenance.
Prepares the
construction of a
wastewater treatment
plant in Pereira, as
well as 250 individual
septic systems in
Manizales, Pereira,
Santa Rosa, Circasia,
Salento and Filandia.
2
45
Highways del Café in the last year
Reforested 25 hectares
by planting 27.500 trees
and so protect the Río
Quindío source1
Signed the Otrosí 22,
with the aim to
develop new works
and an investment of
COP 22.000 million,
and thus enhancing
connectivity and
mobility in the Coffee
Region.
HIGHLIGHTS
3
RELEVANT FIGURES
Total traffic
Thousands of vehicles
EBITDA
Millions in COP
2015 2016 2017 2018 2019
307
9.677
23.472
120.765
177.997
2.2762.222
2.4982.617
2.591
CONNECTIONPACÍFICO 2
96,5 KMLENGTH
Location: Antioquia, Colombia
Operated by : Concession La Pintada 2043YEAR OF
COMPLETION
VEHICLES
7.150 *in 2019
average per day
2015 2016 2017 2018 2019
IN GENERAL
(with futures in pesos and dollars and different
collection modes) with mitigated traffic risk
i) Adjudicated on 22 May 2014; ii) Initiation act: 11 November 2014;iii) delivery of the UF1 on 9 April 2019
The construction stage is expected to be completed by the end of
4G Public
Initiative
APP
2020
Connection
Pacífico 2
Construction stretch:
Some contractual milestones:
Operation and maintenance stretch:
THE PROJECT
1
LOCATION
Antioquia, Coffee Region,
Cauca Valley and the
Pacífico / Colombia
Double tube tunnel of 2,5 kilometers
44
40,2Bridges
Kilometers of new roadways:
3.1 km single lane
+ 37.1 km double lane
54Kilometers of
restored roads
La Pintada – Bolombolo La Pintada - Primavera
(44 km) (54 km)
100% of the environmental licenses were approved.
Implementation phase of the Wildlife Crossings,
installation of cameras traps for the
identification of species.
In alliance with Celsia and the Grupo Argos
Foundation, more than 240.000 trees have been
planted for the protection of the Cartama river.
Planting of 1.000 trees in tourist eco park Los
Farallones de La Pintada.
The financial closing was carried out in
September 2016 with an amount of 250 million
dollars and an amount of 510.000 million pesos.
In 2017, the first disbursement of
the financing was achieved.
In 2018, the project was given the Best Loan
award by LatinFinance for its successful
financing process.
Connection Pacífico
Work progress has
been faster than
planned by the ANI. It
concluded in 2019
with an 81,15%
advance.
On 26 March 2019, the
breakthrough of the
Mulatos tunnel was
achieved.
2
45
Successful delivery of
the Functional Unit 5 on
16 January 2017 and the
UF1 in April 2019.
First 4G project to
deliver a functional
unit.
HIGHLIGHTS
1
3
RELEVANT FIGURES
GREEN CORRIDOR
34 KMLENGTH
Location: San Nicolás, Aruba Operated by: CaribbeanInfrastructure Company (CIC)
2035YEAR OF COMPLETION
INCOME EBITDA
-0,1
2.0
-0,7
-1,8
1.4
2018 2019
NET PROFIT
0.5
2018 2019 2018 2019
IN GENERALGREEN CORRIDOR
Payment by the Government of Aruba
DBFM Contract(Design, Build, Finance and Maintain) of an urban road
in Aruba.
Project inmaintenance stage
subject to compliance with road availability indicators. So
far, all availability payments have been received without
penalty.
THE PROJECT
34
1two-lane bridge
1four-lane bridge
3roundabouts
6.1kilometers of bike paths
LOCATION
Aruba
Financial closing of USD58,7million and
Equity of USD20,03 million
kilometers
GREEN CORRIDOR
Participated in the Beach Clean Up where more than two tons of waste were removed from the seabed, as well as an important campaign on road awareness.
It is currently in the maintenance phase after being granted the Availability Certificate in the second quarter of 2018.
Held the ISO 9000-2015 certification for maintenance activities.
The main milestone of the project’s management has been the consolidation of the maintenance activities which comply with the DBFM requirements (Design, Build, Finance, Maintain) in terms of the availability requirements.
HIGHLIGHTS
RELEVANT FIGURES
HIGHWAYS OF THE
NORTHEAST
107kmLENGTH
Location: Samaná, Dominican RepublicOperated by: Autopistas del Nordeste
2038YEAR OF COMPLETION
TOTAL TRAFFIC
Thousands of vehicles
EBITDA
Millions in USD 5046
52,2
26 25
2.754 2.959
3.906
3.5153.754
2013 2014 2015 2016 2017 2018 2019
4.348
VEHICLES
average per day
13.638 *in 2019
4.971
2015 2016 2017 2018 2019
THE PROJECT
107kilometers of roadways that cross the
country in a south-north direction and
connect with the Touristic Boulevard
del Atlántico
44kilometers of roadways
with re-leveling berms
LOCATION
Dominican RepublicContributes to social development and growth of the northeast of the
country.
In 2019, obtained the recertification of its ISO 9001 management
program by Bureau Veritas, which guarantees the quality of its
processes.
Reconditioned 35 kilometers of roads with asphalt binder and 65
kilometers of micro pavement, a new technology introduced to the
country by the concessionaire.
Started the construction of the new bridge Nagua 1, as well as the
rehabilitation of the Nagua 2 and Matancitas bridges.
Generated 480 jobs after substantial maintenance.
HIGHLIGHTS
IN GENERALUnion Contract approved by the
Legislative Chambers and ratified by the President
Guaranteed minimum income.
30
USD162 million,
USD13 million.
Financed throughbond issues over under US Regulation 144-A.
year operation contract, 107 km, 3 toll stations.
First payment of dividends idem for
TOURISTICBOULEVARDDEL ATLÁNTICO
123,5 kmLENGTH
Location: Samaná,
Dominican Republic
Operated by: Boulevard
Turístico del Atlántico
2038YEAR OF COMPLETION
TOTAL TRAFFIC Thousands of vehicles
EBITDA
VEHICLES
average per day5.600 *in 2019
2015 2016 2017 2018 2019
1.1131.272
1.3491.355 1.375
1.718
2.671
2924
29 27 27,8
2015 2016 2017 2018 2019
Millions in USD
RELEVANT FIGURES
2013 2014
IN GENERAL
Launched in 2009
and completed in 2011.
The project had an investment of
USD 180million.
Has a guaranteed minimum income
THE PROJECT
123,5kilometers of roadways
LOCATION
Dominican Republic
TOURISTIC BOULEVARDDEL ATLÁNTICO
RELEVANT FIGURES
ROAD NETWORK OF THE META
Location: Meta, Colombia Operated by: Concesión Vialde Los Llanos
2045YEAR OF
COMPLETION
INCOMEEBITDA
39.824
41.997
6,64
6,84
-1.695 -1.920
2018 2019
-1.577 -2.782
NET PROFIT
VEHICLES
average per day
Variation: -8%
18.740 *in 2019
TRAFFICMillions of vehicles/year
2018 20192018 2019 2018 2019
THE PROJECT
19upgraded bridges
18.763reflective studs installed
LOCATION
Meta / Colombia
362.018meters of lines painted
IN GENERALIn February 2019, the Arbitration Court resolved through award and
decided on the controversy between the Concesión Vial de los
Llanos (Los Llanos Road Concession) and the National
Infrastructure Agency (Agencia Nacional de Infraestructura, ANI),
which was involved with the execution of the concession contract
of the Road Network of the Meta project, and invited both parties to
renegotiate the fundamentals of the contract.
HIGHLIGHTS
In November 2019, the Otrosí 7 was signed with the goal to make contractual adjustments that would allow the parties to advance in the discussions towards a potential agreement.
Meanwhile, the concession has complied with the service levels and indicators required by the contract in operational activities and the pre-construction maintenance phase.
RELEVANT FIGURES
ABURRÁ ORIENTETUNNEL
Location: Antioquia, Colombia
Operated by: Concesión Túnel
Aburrá Oriente2039
YEAR OF COMPLETION
INCOME
EBITDA
226.182.056
2018 2019
4.160.226
7,6
8,9
NET PROFIT
VEHICLES average per day*in 2018
20.818 24.410average per day*in 2019
TRAFFICMillions of vehicles/year
60 kmLENGTH
Variation: 17%
25.360.624
2018 2019 2018 2019 2018 2019
453.471.471
40.605.814
1.889.848
THE PROJECT
LOCATION
0,78kilometersSeminario tunnel
8,2kilometers Santa Elena tunnel
12viaducts equivalent to
2,5 kilometers
3,4Kilometers of open-air
roadways
IN GENERAL
It includes works such as tunnels, viaducts, road interchanges,
and is the main access to the International Airport José María
Córdova.
HIGHLIGHTS
In October 2019, we acquired the controlling interest of the
Aburrá Oriente tunnel concession, in other words, 53% of the
shares.
The longest operating tunnel in Latin America.
Aburrá Oriente / Colombia
Contact
Pablo Arroyave FernándezFinancial VP
Nicolás Valencia Posada Financial planning and treasury manager
Autopistas del Nordeste