Presentación de PowerPoint · 2019-06-21 · • Quicay II • San Gabriel • Haquira •...
Transcript of Presentación de PowerPoint · 2019-06-21 · • Quicay II • San Gabriel • Haquira •...
Corporate Presentation1Q 2019
Ferreycorp and
Strategy
Guatemala
El Salvador
Belice
El Salvador, Honduras
Nicaragua
Chile, Colombia , Ecuador, Perú
BVL: FERREYC1
CORPORATE STRUCTURE
Caterpillar dealers and alliedbrands in Peru
Caterpillar dealers and other businesses in Central America
Other subsidiaries in Peru and abroad
DIVERSIFICATION STRATEGY
Sales
%of Total Sales
EBITDA
% of Total EBITDA
EBITDA Margin
#of employees
As of March 2019(S/. Million)
Caterpillar dealers and allied brands in Peru
Caterpillar dealers and other businesses in Central America
Other subsidiaries in Peru and abroad
(*) Third group of companies increasing their share in total sales: 2013(10%), 2014 (11%), 2015 (12%), 2016(15%), 2017 and 2018 (16%) – as a result of diversification strategy through complementary businesses.
990 118 233
74% 9% 17%
142 16 25
77% 9% 14%
14% 14% 11%
4,684 742 1,229
Machinery
Agriculturebusiness
Automotivebusiness
Consumables
Services
STRATEGYCOMPLETE VALUE PROPOSITION
PRESENCE IN SOUTH AND CENTRAL AMERICAREPRESENTING LEADER BRANDS
KEY CAPABILITIESCREATING VALUE
Long term strategic partnerships
Market coverage
Unmatched supply chain and logisticscapabilities
Financial strength and funding sources
In-depth market knowledge
Innovation and technology
Ethics and compliance, Corporate Governanceand Sustainability
Business
Strengths
29%
52%
11%
8%
52%33%
6%9%
51%
31%
10%
8%
SALES BY LINE OF BUSINESS
SUSTAINABLE BUSINESS MODEL
(*) Other lines include: logistic businesses, lubricants and consumables.
• Resilient business model.
• Spare parts and services support business.
• Diversification strategy through business lines,presence in different economic sectors,different countries, various represented brandsand a diversified portfolio of products.
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1Q'18 1Q'19
-
32%
52%
8%8%
Machinery
Parts and Services
Rental and usedequipment
Others
US$1.9Bn US$
1.7BnUS$
1.6BnUS$
1.4BnUS$
1.4Bn
US$1.5Bn
US$ MM
US$380MM
US$403MM
<<<<<<<<<<<<<<<
OPERATIONAL RESULTS
88 102 100 104 1020
50100150200250300350400450500
2Q'18 3Q'18 4Q'18 1Q'18 1Q'19
382 574 539 353 293
1,0741,045
704642 755
587667
564614 586
515466
359438 467
0
500
1000
1500
2000
2500
3000
2014 2015 2016 2017 2018
CAT Mining trucks and mining equipment CAT Machines for other sectors
Allied equipment Rental and used
2,752
2,166
54 27186
26 72168 210
199
168208
178 111
141
164153
100 121
113
134105
0
200
400
600
800
1000
1200
2Q'18 3Q'18 4Q'18 1Q'18 1Q'19
1,9352,203 2,247 2,372
2,716
0
500
1000
1500
2000
2500
2014 2015 2016 2017 2018
684 697 700 636 701
0
200
400
600
800
1000
1200
1400
1600
2Q'18 3Q'18 4Q'17 1Q'18 1Q'19
384 378 444 425 394
0
100
200
300
400
500
600
700
800
900
1000
2014 2015 2016 2017 2018
MACHINERY
SPARE PARTS AND SERVICES
OTHER LINES
2,558 +9%
+3%
+15%
-2%
-7%
2,047
500 469
+10%
2,101
492
639
Million soles (S/ mm)
538
3,5983,952
909 990
25.4% 25.4% 24.9% 26.7%10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
2017 2018 Q1'18 Q1'19Gross Margin
SALES BY GROUP OF COMPANIESMillion Soles (S/ mm)
OTHER SUBSIDIARIES IN PERU AND ABROAD
CAT DEALERS AND OTHER BUSINESSES IN CA
CAT DEALERS AND ALLIED BRANDS IN PERU
461424
109 118
24.4% 22.5% 23.4% 24.7%0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
2017 2018 Q1'18 Q1'19Gross Margin
- 8%
+9%
+10%
785836
213 233
17.7% 18.3% 17.2% 19.2%0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
2017 2018 Q1'18 Q1'19Gross Margin
+9%
+6%
+ 8%
SALES BY GROUP OF COMPANIES
75% 76% 78% 74% 74%
8% 8% 8% 9% 9%
17% 16% 14% 17% 17%
Q2'18 Q3'18 Q4'18 Q1'18 Q1'19
Other subsidiaries inPeru and abroad
Cat dealers and otherbusinesses in CA
Cat dealers and alliedbrands in Peru
Underground mining
Heavy construction
General construction
In unitsRolling 12 months, Mar 2019
US$ FOB Rolling 12 months, Mar 2019
US$ FOB Rolling 12 months, Mar 2019
US$ FOB Rolling 12 months, Mar 2019
CATERPILLARMARKET SHARE IN PERU
CATERPILLAR87%
SANDVIK13%
CATERPILLAR67%
KOMATSU17%
ATLAS COPCO2%
P&H4% EPIROC
10%
Minería tajo abierto
CATERPILLAR48%
JOHN DEERE15%
JCB10%
KOMATSU7%
DOOSAN3%
CASE3%
BOBCAT2%
WACKER NEUSON
2%
HYUNDAI2%NEW HOLLAND2%
VOLVO1%
OTROS5%
CATERPILLAR54%
KOMATSU21%
VOLVO5%
JOHN DEERE7%
HYUNDAI4%
HAMM2%
BOMAG1%
JCB1% DOOSAN
2%
LIUGONG0% OTROS
3%
Source: Minem y Ferreyros
US$ Million US$ Million
104 108 120 131 130 155 170 197 229 262321 324 358 351
400
498
1248 46
77 7687 82
127
178
278
353
135
180 160115
90
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
0
100
200
300
400
500
600
700
800
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Sales of spare parts and services (mining) Sales of mining equipment Mining investment
MINING INVESTMENTMINING MACHINERY, SPARE PARTS AND SERVICES
7 16 16
5798
131
165 166 173192
215234
249
281
323
360376
416
482
515
563
592617 627
$0
$2
$4
$6
$8
$10
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
0
100
200
300
400
500
600
Mining trucks and shovels population Mining InvestmentMining trucks and shovels population Mining investment
Mining Investment
US$ Billion Units
*Considers mining trucks 785 onwards + electric and hydraulic shovels former Bucyrus
MINING INVESTMENT EVOLUTIONCATERPILLAR EQUIPMENT FOR MINING
MINING PROJECTS PORTFOLIOUS$ 59 BILLION
Fuente: MINEM
• Yanacocha Sulfuros• Anubia• Los Chancas• Quicay II• San Gabriel• Haquira• Michiquillay• Antilla• AZOD• Bayovar 12• Cotabamba• Don Javier• El Galeno• Fosfato Mantaro• Hierro Apurimac• La Granja• Los Calatos• Macusani• Pukaqaqa• Racaycocha Sur• Rondoni• Trapiche
• Amp Pachapaqui• Integración Coroccohuayco• Zafranal• Fosfatos Pacífico• Magistral• Amp Bayóvar• Cañon Florida• Conga• Cañariaco• El Padrino e Hilarión• Ollachea• Quechua• Río Blanco• San Luis
• Amp Santa María• Optimización Lagunas Norte• Corani• Tia Maria• Pampa de Pongo
• Amp Toquepala• Quecher Main• Relaves B2 San Rafael• Amp Toromocho• Ariana• Mina Justa• Quellaveco
Pre Feasibility Feasibility Engineering ConstructionUS$31 BILLION US$13 BILLION US$5 BILLION US$10 BILLION
PROJECTINVESTMENT
(US$ MM)
Periódo de Ejecución
Quellaveco 5,300
Mina Justa 1,600
Amp Toromocho 1,355
Amp Toquepala 1,255
Quecher Main 300
Relaves B2 San Rafael 200
Ariana 125
10,135
2018 2019 2020 2021 2022
PROJECTS IN CONSTRUCTION
HEAVY CONSTRUCTIONINDUSTRY EVOLUTION
Units
14
55
14
52
13
90
12
67
12
09
11
45
10
47
97
09
32
84
07
99
77
68
00
82
07
71
78
9 82
68
42 9
09
98
7 10
30 10
99 1
19
3 12
64
12
85 13
45
13
79 14
29
15
57
16
02 1
68
51
70
5 18
00
18
29
18
50
18
56
18
96
19
07
19
42
19
62
19
85 20
48 21
06 21
74
21
73
22
08
21
53
21
70 22
34
22
15
22
29
22
20
21
48
21
18
20
80
20
51
19
89
19
34
19
36
19
43
18
62
18
32
17
85
17
81
17
43
17
39
16
41
15
99
15
69
15
70
15
14
13
87
13
74
13
50
12
30
11
86
11
70
10
94
10
51
10
19
96
09
41
94
59
65
96
29
06 94
59
53
93
79
25
91
78
73
87
68
26
78
77
60
71
87
20
68
16
20
56
25
41
52
15
07
51
95
21
53
85
57
54
15
27
52
8 56
95
94 62
76
39
64
16
49
64
56
66
66
56
77 7
34 76
47
50
77
1
49%
40%
0%
10%
20%
30%
40%
50%
60%
70%
0
500
1000
1500
2000
2500
No
v-0
8
Ene-
09
Mar
-09
May
-09
Jul-
09
Set-
09
No
v-0
9
Ene-
10
Mar
-10
May
-10
Jul-
10
Set-
10
No
v-1
0
Ene-
11
Mar
-11
May
-11
Jul-
11
Set-
11
No
v-1
1
Ene-
12
Mar
-12
May
-12
Jul-
12
Set-
12
No
v-1
2
Ene-
13
Mar
-13
May
-13
Jul-
13
Set-
13
No
v-1
3
Ene-
14
Mar
-14
May
-14
Jul-
14
Set-
14
No
v-1
4
Ene-
15
Mar
-15
May
-15
Jul-
15
Set-
15
No
v-1
5
Ene-
16
Mar
-16
May
-16
Jul-
16
Set-
16
No
v-1
6
Ene-
17
Mar
-17
May
-17
Jul-
17
Set-
17
No
v-1
7
Ene-
18
Mar
-18
May
-18
Jul-
18
Set-
18
No
v-1
8
Ene-
19
Mar
-19
INDUSTRIA PINS % PINS (Rolling 12) % IMPOS (Rolling 12)
MAIN INVESTMENT PROJECTSIN CONSTRUCTION
Source: Apoyo Consultoría
Financial
Performance
N
SALES AND GROSS MARGIN
OPERATING PROFIT AND OPERATING MARGIN EBITDA AND EBITDA MARGIN
FINANCIAL RESULTSMillion soles (S/ mm)
SALES AND ADM EXPENSES
4,856 4,8435,211
1,231 1,341
24.3% 24.1% 24.1% 23.5% 25.2%10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
2016 2017 2018 1Q'18 1Q'19
Sales Gross margin
+9%797 808 856
199 216
16.4% 16.7% 16.4% 16.2% 16.1%0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
2016 2017 2018 1Q'18 1Q'19
Selling and administ expenses As a % of sales
+8%
+8%
+6%
583567 619
132 183
12.0% 11.7% 11.9% 10.7%13.6%
0%
10%
20%
30%
40%
50%
60%
0
100
200
300
400
500
600
700
800
900
1000
2016 2017 2018 1Q'18 1Q'19
+43%425 421
464
94 127
8.7%8.7% 8.9% 7.7%
9.5%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
2016 2017 2018 1Q'18 1Q'19
+35%
+10%+9%
N
NET INCOME AND NET MARGIN
FINANCIAL RESULTSMillion soles (S/ mm)
Positive variations
Negative variations
NET INCOME Q1’19
230
267
225
65
92
4.7% 5.5% 4.3% 5.3%6.9%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
2016 2017 2018 1Q'18 1Q'19
-16%
65
51
917 19
310
92
5.30%
6.9%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
Q1'18 Δ EBITDA Δ Financial exp
Δ Gain(loss) to FX
Δ D&A Δ Share of profit of
associated
Δ Income tax
1Q'19
+42%%
+42%
N
EBITDAMillion soles (S/ mm)
Positive variations
Negative variations
EBITDA Q1’19
+39%
132
110
61
160.4
190.1
183
10.70%
13.6%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
0.0
50.0
100.0
150.0
200.0
250.0
Q1'18 Δ Sales Δ COGS Δ SG&A Δ Other income (expenses)
Δ D&A Δ Financial income
1Q'19
IFRS 16: S/ 13mm
INVESTMENT IN ASSETS
ACCOUNTS RECEIVABLE EVOLUTION
Million soles (S/ mm)
INVENTORY EVOLUTION
• Common practice, 30 days for collection once invoice is delivered
to customer.
• Inventories: components, factory delays in the supply of spare
parts, mining equipment.
1,080 1,0311,192 1,162 1,098
45 80
25 3228
0
200
400
600
800
1,000
1,200
2016 2017 2018 1Q'18 1Q'19
Short term Long term
-6%
1,217
661 753918 926 975
468548
767459
794
10492
87
87
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2016 2017 2018 1Q'18 1Q'19
Machinery and others Spare parts and serv in progress Consumables
1,472
1,233
1,393
1,772 1,85283
1,1941,125 1,111
+26%
1,126
CAPEX
FIXED ASSETS AND CASH CYCLEMillion dollars (US$ mm)
CASH CYCLE
Targets:
Inventory Payable Receivable120 days 45 days 45-60 days3.0x
• Intangibles: ERP SAP implementation2017: US$ 13mm2018: US$ 23mmBudget 2019: US$ 15mm, As of Mar’19 US$ 4mm
145152
145 144 148 156 160 163
70
77
7071 71 71
68 67
54 51 54 55 59 57 53 53
128 126 129 128136
143 145 149
Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19
Cash cycle Receivable days Payable days Inventory days
17
28
83
5
6
4
2
15
12
17
4
3
4
3
1
-1
-21
-7 -6
5
2016 2017 2018 As of Mar'19
Infrastructure Machinery and equipment Rental Fleet
Vehicles, furniture and equipment Sale of fixed assets Fixed assets IFRS16
39
29
25
9
307 327447 389
161 100
100100
53 75
605342
2.86 2.73 3.20 2.73
-20.00
-15.00
-10.00
-5.00
0.00
0
100
200
300
400
500
600
700
800
2016 2017 2018 As of Mar'19
Banks Bonds Caterpillar IFRS16 Net debt / EBITDA
521502
CONSOLIDATED FINANCIAL DEBTMillion dollars (US$ mm)
DIVERSIFIED FUNDING BASE
DEBT BY CURRENCY
DEBT BY RATE
607
1%
99%
Variable rate
Fixed rate
584
5.9%1.2%
0.1%
92.8%
Soles
Quetzales
Pesos Chilenos
Dolares
125
8573
1423
2.60%1.80%
1.40% 1.10%1.70%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
0
10
20
30
40
50
60
70
80
90
100
110
120
130
140
2016 2017 2018 1Q'18 1Q'19
Financial expenses As % of sales
DEBT MATURITY
FINANCIAL EXPENSES
AVG COST OF DEBT
CONSOLIDATED FINANCIAL DEBTMillion dollars (US$ mm)
Million soles (S/ mm)
4.12%
3.67%
3.43%
4.20%
2016 2017 2018 1Q'19
+66%
190 196
81
48
27
2019 2020 2021 2022 2023
Ferreycorp in the
Capital Market
SHAREHOLDERS COMPOSITION AS OF MARCH 2019 MAIN SHAREHOLDERS > 4% AS OF MAR 2019
Dividend Yield 5.4%
FERREYCORPIN THE CAPITAL MARKET
FERREYCORP AND SP/BVL PERUSTOCK PERFORMANCE 2017-2018 (S/)
Pension funds33%
Loca shareholders
33%
Foreign shareholders
31%
1.50
1.60
1.70
1.80
1.90
2.00
2.10
2.20
2.30
2.40
2.50
2.60
2.70
2/0
1/2
01
71
6/0
1/2
01
73
0/0
1/2
01
71
3/0
2/2
01
72
7/0
2/2
01
71
3/0
3/2
01
72
7/0
3/2
01
71
0/0
4/2
01
72
4/0
4/2
01
78
/05
/20
17
22
/05
/20
17
5/0
6/2
01
71
9/0
6/2
01
73
/07
/20
17
17
/07
/20
17
31
/07
/20
17
14
/08
/20
17
28
/08
/20
17
11
/09
/20
17
25
/09
/20
17
9/1
0/2
01
72
3/1
0/2
01
76
/11
/20
17
20
/11
/20
17
4/1
2/2
01
71
8/1
2/2
01
71
/01
/20
18
15
/01
/20
18
29
/01
/20
18
12
/02
/20
18
26
/02
/20
18
12
/03
/20
18
26
/03
/20
18
9/0
4/2
01
82
3/0
4/2
01
87
/05
/20
18
21
/05
/20
18
4/0
6/2
01
81
8/0
6/2
01
82
/07
/20
18
16
/07
/20
18
30
/07
/20
18
13
/08
/20
18
27
/08
/20
18
10
/09
/20
18
24
/09
/20
18
8/1
0/2
01
82
2/1
0/2
01
85
/11
/20
18
19
/11
/20
18
3/1
2/2
01
81
7/1
2/2
01
83
1/1
2/2
01
81
4/0
1/2
01
92
8/0
1/2
01
91
1/0
2/2
01
92
5/0
2/2
01
91
1/0
3/2
01
9
90
100
110
120
130
140
150
160
2/0
1/2
01
71
6/0
1/2
01
73
0/0
1/2
01
71
3/0
2/2
01
72
7/0
2/2
01
71
3/0
3/2
01
72
7/0
3/2
01
71
0/0
4/2
01
72
4/0
4/2
01
78
/05
/20
17
22
/05
/20
17
5/0
6/2
01
71
9/0
6/2
01
73
/07
/20
17
17
/07
/20
17
31
/07
/20
17
14
/08
/20
17
28
/08
/20
17
11
/09
/20
17
25
/09
/20
17
9/1
0/2
01
72
3/1
0/2
01
76
/11
/20
17
20
/11
/20
17
4/1
2/2
01
71
8/1
2/2
01
71
/01
/20
18
15
/01
/20
18
29
/01
/20
18
12
/02
/20
18
26
/02
/20
18
12
/03
/20
18
26
/03
/20
18
9/0
4/2
01
82
3/0
4/2
01
87
/05
/20
18
21
/05
/20
18
4/0
6/2
01
81
8/0
6/2
01
82
/07
/20
18
16
/07
/20
18
30
/07
/20
18
13
/08
/20
18
27
/08
/20
18
10
/09
/20
18
24
/09
/20
18
8/1
0/2
01
82
2/1
0/2
01
85
/11
/20
18
19
/11
/20
18
3/1
2/2
01
81
7/1
2/2
01
83
1/1
2/2
01
81
4/0
1/2
01
92
8/0
1/2
01
91
1/0
2/2
01
92
5/0
2/2
01
91
1/0
3/2
01
9
SP/BVL FERREYCORP
Shareholders %
RI-Fondo 2 (Prima AFP) 7.00%IN-Fondo 2 (AFP Integra) 5.70%Onyx Latin America Equity Fund LP 5.73% IN-Fondo 3 (AFP Integra) 5.09%PR-Fondo2 (Profuturo AFP) 4.84%RI-Fondo 3 (Prima AFP) 4.34%PR-Fondo2 (Profuturo AFP) 4.06%
DIVIDEND POLICY
ANNUAL COMPLIANCE✓ In 1997, the company´s Shareholders meeting approved the dividend policy.
✓A modification was approved to assign minimum and maximum ranges. Cash dividends will amount to 5% of the capital or a ceiling equal to 60% of freely available profits.
✓ The 2013 Shareholders Meeting approved to increase the upper limit from 50% to 60% of freely available profits.
✓ The 2018 Shareholders Meeting modified the policy: dividends in advance.
✓ The 2019 Shareholders Meeting modified the policy: extraordinary dividends.
Period:Cash dividend
(*)
%
Dividend / Net
Profit
Cash dividend per share
(%)
Dividend per share
(S/.)
2003 9.1 50% 4.46% 0.0446
2004 11.9 48% 5.50% 0.055
2005 13.3 49% 5.50% 0.055
2006 28.4 36% 11.00% 0.110
2007 40.2 35% 13.20% 0.132
2008 20.7 29% 5.50% 0.055
2009 28.0 31% 6.00% 0.066
2010 31.8 26% 6.00% 0.066
2011 41.9 29% 6.00% 0.060
2012 48.1 30% 6.00% 0.060
2013 55.7 60% 5.90% 0.059
2014 60.8 52% 6.00% 0.060
2015 87.3 60% 8.87% 0.0887
2016 124.4 60% 12.8457% 0.128457
2017 132.1 55% 13.5465% 0.135465
2018121.5 60% 12.4543% 0.124543
50.0 25% 5.1246% 0.051246
(*) In million(**) Upper Limit: 60%
Corporate
Governance and
Sustainability
SUSTAINABILITYSTAKEHOLDERS
✓ Ferreycorp Program for Professional Development -Ferreycorp Association
✓ Heavy Equipment Operators Club✓ Think Big Program✓ Works for taxes✓ Corporate volunteering
✓ Mutually beneficial and long-term relations.✓ Comprehensive solutions for their business.✓ Varied portfolio of high quality products and services.✓ Constant monitoring of customer satisfaction.✓ Respect for customers´privacy.✓ Training customers.
✓ Ferreycorp is a member of the United Nations GlobalCompact Network
✓ Every year, the Corporation published a Progress Reportabout actions implemented consistently with subjectsincluded in the ten principles of the UN Compact Network
✓ Hiring policy: transparency, equitable treatment.✓ Select suppliers based on: quality of product or service, price,
delivery terms, human resources policies and practices,occupational health and safety programs.
✓ Formalization and development of local suppliers
Community
Customers
Government and Society
Suppliers
Environment
Employees
Shareholders
✓ Standard Environmental Management System based onthe ISO 14001 standard
✓ Comprehensive Policy on Health, Safety and theEnvironment
✓ Environmental Management Programs: planning, trainingand awareness, operational control and verification.
✓ Health, safety and working conditions✓ Professional and personal development✓ Diversity and inclusion✓ Relations with the unions✓ Social activities
✓ Principles of Good Corporate Governance✓ Respect of Shareholders’ rights✓ Transparent and timely reporting✓ Highly qualified Board of Directors that represents all of
the shareholders
CORPORATE STANDARDSSTRONG CORPORATE GOVERNANCE
• Ferreycorp (FERREYC1) is listed in the Lima Stock Exchange since 1962.• Ferreycorp is included in the Corporate Governance Index of the Lima
Stock Exchange since its launch in 2008.
Board of Directors:• The last General Shareholders Annual Meeting agreed to reduce the
board members from 10 to 9 members.
• The Board of Directors of Ferreycorp is complemented by threecommittees: LEAD BY INDEPENDENT DIRECTORS✓ Nominations, Remuneration, Corporate Governance and
Sustainability Committee✓ Audit and Risk Committee✓ Innovation and Systems Committee
Composition of the Board:Independent Directors Dependent Directors✓ Jorge Ganoza Oscar Espinosa✓ Humberto Nadal Carlos Ferreyros✓ Gustavo Noriega Juan Manuel Peña✓ Javier Otero Andreas von Wedemeyer
Manuel Bustamante
Recognitions• Key of the Lima Stock Exchange: 2008, 2011, 2012, 2013, 2017 and 2018.• Member of the Companies Circle of the Latin America launched by OECD
and IFC• International recognitions: World Finance Award 2011 and 2012; Latin
America Investor Relations Awards 2011 (LirA’11), Ethical BoardroomCorporate Governance Awards 2015: South America, Industrial servicessector, Dow Jones Sustainability Index (2018)
Contact information:Patricia Gastelumendi: [email protected] Tamayo: [email protected]