presentación de powerpoint - sigdo koppers€¦ · heat resistant castings, grinding circuit...

[ Corporate Presentation 2018 ]Extended Version

1

[ ]2[ ]

[ At a Glance ]01

[ ]

At a Glance

[ Company Overview ]Ingeniería y

Construcción

Puerto

Ventanas

Enaex Magotteaux

SK Comercial SKBergéSK Godelius

50,01%

60,72% 98,07%60,62%

58,19%87,48% 40,00%

We are a 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 worldwide

comprehensive supplier of products and services

for the mining and industrial operations.

✓ Sales US$ 2,2 billion

✓ EBITDA US$ 286 million

✓ Net Profit US$ 83 million

▪ +19.000 employees

▪ 29 specialized production units in 15 countries

▪ Commercial operation in more than 30 countries

At a glance

3

[ ]

Controlling Group

73,99%

Others

26,01%

[ Corporate Governance ]

1. Juan Eduardo Errázuriz Ossa

Chairman

2. Naoshi Matsumoto Takahashi

Vice president

3. Silvio Rostagno Hayes

Independent Director

4. Norman Hansen Fernandez

Director

5. Jaime Vargas Serrano

Director

6. Horacio Pávez Aro

Director

7. Luis Felipe Cerón Cerón

Director

Boards of Directors

Ownership Structure

US$0,5million daily avg.Vol. traded

US$2.0billionsMarket Cap

(May 31, 2018)

At a Glance

Others

3,31%

Pension funds

& Insurance

companies

10,31%

Stock Brokers

7,52%

Mutual funds

and other

institutional

investors

4,87%Others

26,01%

4

[ ]Divestment

[ Successful Industrial History ]‣ Our solid 50+ years of track record have demonstrated our ability to managed and developed successful industrial greenfield investments.

‣ We have a long term investment industrial approach, managing and optimizing our companies operations.

ENAEX

Enlargement

plant

was founded

Foundation

of SKC

Acquisition

of

FRIMETAL

and ENAEX

Joint Venture with

BERGÉ GROUP

in the automotive

commercialization

businessAcquisition of

CTI

SOMELA

Plastic films

production initiated

through SIGDOPACK

Foundation of

our Rental

business

SK RENTAL

Acquisition

Of PUERTO

VENTANAS

Acquisition

of FEPASA

Starts its

operations CHBB

Foundation

of SKSI

Divestment of

CTI, SOMELA

and FRIMETAL

Acquisition of

MAGOTTEAUX

PROACER

ENAEX

Enlargement plant

ENAEX

Acquired 33.3%

of BRITANITE

Divestment of

SIGDOPACK

ENAEX

Acquired 66.7%

of BRITANITE

ENAEX Acquired

100% of DAVEY

BICKFORD

1960

1975

1987 1997

2006

2005

2015

2015

2013

2012

2011

2011

1998

1997

2003

2010

2001

20011990

5Greenfield

Acquisition

At a Glance

ENAEX Acquired

70% of

CACHIMAYO

2018

2018

MAGOTTEAUX

Acquired control

and commercial

operation of

GRINDING

MEDIA SOUTH

AFRICA (Scaw

Metal)

[ ]

Sigdo Koppers is part of DJSI Chile index and the UN Global

Compact, under which it commits to respect principles of

responsible behavior, in order to achieve the objectives of

building a sustainable and inclusive global economy

SK corporate governance seeks sustainable

development, with a business vision that

favors respect for ethics, people, communities

and environment.

Sustainable

development

ENVIROMENTAL

SOCIAL ECONOMIC

6

[ Sustainability]

Investment Approach

02

7

[Investment Approach ]

[ ]8

SUPPLIERS

OF MINING

SERVICE

LEADERSHIP

OF OUR

COMPANY

GLOBAL

REACH

CONSERVATIVE

FINANCIAL

PROFILE

[ ]

[ Investment Approach ]

Investment Approach

[ ]

[ 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

‣ 75% of the SK’s Consolidated EBITDA comes from the exposure to the mining activities

9

Investment Approach

DEVELOPMENT OPERATIONORE

PROCESSING LOGISTICS

[ ]

[ Sigdo Koppers Business Areas ]03

10[ ]

[ ]

Sigdo Koppers Business Areas

[ ICSK ] Industrial Construction Services

INDUSTRIAL SERVICES INDUSTRIAL COMMERCIAL & AUTOMOTIVE

Ingeniería y Construcción Sigdo Koppers (ICSK)

‣ Leading company in the execution of engineering,

construction and industrial erection projects with a solid

reputation both in Chile and abroad

o +60 years of experience in construction and

industrial erection

o 33% Market share of large scale projects in Chile

‣ Presence in Chile, Perú, Colombia and Brasil

‣ Services provided

• Construction & Erection

• EPC project

• Transportation & Logistics

• Cranes Services Center

• Maintenance Works & Brownfields

• Maritime & Port Facilities Works

HV Transmission Lines & Substations

Power Generation

+6,000 kilometers of transmission lines built

in the region.

+10,000 MW of installed power built in Chile

Present in mining projects that represent 83%

of the chilean copper production

Mining Operation

11

[ ]

[ Puerto Ventanas ] Logistic and Transport

‣ Leading private port in the central region of Chile, it has

ample stockpiling yards and modern facilities that offer

significant comparative advantages

‣ Puerto Ventanas owns 51,82% of Ferrocaril del Pacífico S.A.

(Fepasa), leading multimodal freight transport solutions

‣ Puerto Ventanas engages in three lines of business:

o Loading and unloading solid and liquid bulk

o Storage of the cargo if necessary

o Train cargo transport solutions for large mining, forestry,

agricultural and industrial companies

‣ Main cargo associated to mining and energy clients: mineral

concentrates, coal, fuel


The port has four docking sites available to receive

ships of up to 70,000 tons and 14.3 meters draft

Cargo transfer

Two bulk cargo warehouse to receive up to 90,000

tons and has +170 hectares of land surface available

Cargo warehouse

Fepasa has 73 locomotives and over 1,900 wagons,

mobilizing more than 7 million tons per year

Cargo transport

12


[ ]

IT in process solution[ SK Godelius ]

‣ SK Godelius is a system integrator which provides services,

develops projects and implements technological

solutions in the mining and the natural resources industries.

‣ Sigdo Koppers S.A. owns 100% of the shares in SK

Inversiones Tecnológicas (SKIT), which holds 58,19% of the

shares in SK Godelius.

‣ SK Godelius has focused in providing technological solutions

for the mining industry.

Business Areas

‣ Godelius Interaction System (SIG)

‣ Robotics

‣ Technological Transformation

‣ Development of teleoperation projects

‣ Project management

13



[ ]

[ Enaex ] Rock Fragmentation Services

‣ Founded in 1920, Enaex is the most important producer of

ammonium nitrate, mining explosives and provider of

comprehensive rock fragmentation services in Chile and Latin

America

‣ The company is vertically integrated in its most important raw

materials and conducts virtually all activities in the value chain of

rock-blasting

‣ Enaex Britanite (Brazil): Leader in Brazil with +40% market

share in explosives manufacturing and rock blasting services

‣ Enaex Davey Bickford (France): +20 years of experience as

manufacturer and distributor of electronic initiation systems for

the explosives industry


Business Units

AMONIUM NITRATE ProductionPrillex® is the world largest AN complex (+800ktons/year)

Logistic hub for +40 countries and production

EXPLOSIVES ProductionMain production plants in France, Brazil and Chile

High explosive production (Dynamites, Boosters,

Catridge emulsions, non-electric detonators

EIS ProductionElectronic Initiation Systems (EIS) Production:

Daveytronics® +3,500,000 units/year

BLASTING ServicesOperations in 8 countries, wide range of products

14


[ ]

Brazil

ArgentinaAustralia

Chile

France

Peru

Colombia

Mexico

USA

15[ ]


[ ]

[ Magotteaux ]

‣ Magotteaux, based on Belgium, is the world-leading

supplier of process optimization products &

services for high-abrasion extracting industries

‣ Leader in the production of high

value-added wear resistant consumable for the

cement, mining, fluid, dredging and utilities industries

High performance wear resistant consumables


Business Units

GRINDING MEDIA Production

Installed capacity (tons/year)

o High chrome GM: 327.000

o Low chrome GM: 50.000

o Forged steel GM: 50.000

o JV with Scaw Metals: 100.000 (high chrome GM)

o JV with XingCheng: 105.000 (Forged steel GM)

CASTING Production

Installed capacity 67.000 (tons/year)

Main uses: Crushing parts, Crushers, Dredging parts,

Heat resistant castings, Grinding circuit optimization

tools, Tube mills and Vertical mill internals.

16


Worldwide High-crome grinding media balls producer

Market share in high-crome grinding media balls for the cement

industry

Worldwide grinding media balls producer

Market share in high-crome balls for the mining industry 14%

44%

2nd

1st

[ ](1) GM: Grinding Media

Castings

Scaw Metals

High chrome GM (1)

Low chrome GM

Forged steel GM

XingCheng

Productive Plant

17[ ]


Brazil

Chile

France

Mexico

USA

Canada

Spain

Belgium

South

Africa

India Thailand

China

[ ]

[ SK Comercial ]Sale, Rental and Service of Machinery

‣ Founded in 1975, SK Comercial S.A. (SKC), through its

Business Areas, conducts the businesses of the sale, rental

of machinery, distribution of inputs and technical services

‣ SKC and SK Rental carry out their commercial activities in

sectors such as mining, construction, agriculture, forestry and

land transportation

‣ SK Rental is leader in machinery rental, with presence in

Chile, Peru, Colombia and Brazil


SK Rental is the leading company in the Rental industry in Chile. It has a machinery fleet of US$150 millions

SK Rental

Workshop and Spare Parts

SKC has highly trained technicians and the latest technology in tools and instruments to perform accurate assessments and diagnoses

18


SKC Machinery Sales

SKC is Leader in distribution of industrial machinery and equipment in Chile, representing over 18 brands in machinery rental in Chile (20% Msh)1st

in South America3rd

market share in Peru (#5)9%

https://www.google.com/url?sa=i&source=images&cd=&ved=2ahUKEwiGiY2u1P7aAhVIgJAKHeG5ATIQjRx6BAgBEAU&url=https://thenounproject.com/term/backhoe/6907/&psig=AOvVaw3c3C_mQakY8bUlroazIahl&ust=1526162457823930

[ ]

Services and Parts Machinery RentalMachinery Distribution


19


[ ]

[ SKBergé ]Automotive Sale

‣ SKBergé S.A. was formed by SK and the Bergé Group (Spain)

to develop the business of the representation, sale and

distribution of light vehicles in Chile, Peru, Colombia and

Argentina

‣ In 2008 began the operations of Santander Consumer Finance,

a subsidiary of SKBergé that specialize in automotive finance

‣ SKBergé is a leading automotive retail group in Chile and Peru,

with representation of XX brands


Dealership network

Large stock of original spare parts and

accessories

SKBergé has a dealership network comprised of 106

dealers, 227 points of sale and 218 service branches

SKBergé provide comprehensive solutions regarding the supply and transfer of a wide range of spare parts and consumables of the represented brands

20


Msh of all new cars sold in Perú (units) 13%

Msh of all new cars sold in Chile (units) 11%

https://www.google.com/url?sa=i&source=images&cd=&ved=2ahUKEwiPv8bm2P7aAhWGh5AKHY7rDuYQjRx6BAgBEAU&url=http://chittagongit.com/icon/jeep-icon-22.html&psig=AOvVaw0Ny6ZOsYbgVa8ayoh4ouBR&ust=1526162546206872

[ ]

[ SKBergé – Represented Brand]

Chile

Perú

Argentina

Colombia

21


[ ]

[ Investment Attractiveness ]04

22[ ]

[ ]

Investment Attractiveness

‣ Since 2011, SK became a company with Global Exposure

‣ As of today, 44% of SK’s sales are outside Chile (56%)

[ Active International Presence ]

23

‣ Specialized service and production units in 15 countries

‣ Sales office and commercial operation in over 30 countries

[ ]

‣ Special focus on Robotics & Teleoperation

‣ + 85 people dedicated to innovation programs

‣ + US$ 95 million in sale of new products during 2017

‣ Improvement and modernization of processes and production plants

‣ Over 50 patents worldwide

Mine iTruck

Teleoperated driving

Teleoperated

manufacturing

Teleoperated

operation

Laser mapping

survey

Evaluation of air

quality

Mobile mixing unit

Largest Heavy

ANFO truck

+ productivity and

efficiency

24

[ Innovation ]


Metal/ceramic

composite material

in the nature of an

alloy intended for

the manufacture of

reinforced foundry

parts

Mobile devices for

continuous

measurement and

monitoring of the

pulp chemistry in a

mineral plant

Use to design

control strategies

for improving the

plant performance

It consists of fusing

different expertise:

pulp & surface

chemistry +

grinding efficiency

+ wear

mechanisms.

Robominer Milodon Truck

[ ]


[ Our clients – Mining and Industrial Blue Chip companies ]

25

[ ]

Net Profit Sigdo Koppers S.A.(US$ million)

1.246 1.225

1.426

1.834

2.128

2.7862.953

2.500 2.4152.191 2.205

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Consolidated Sales Sigdo Koppers S.A.(US$ million)

SK growth is accompanied by a

conservative approach and a consistent

policy, which is focused on return over

investments, with an special focus on the

innovation and search of new opportunities

Consolidated EBITDA Sigdo Koppers S.A.(US$ million)

300315

382409

366 379

291 286

16,4%14,8% 13,7%

13,9% 14,6%

15,7%

13,3%13,0%

0,0%

2,0%

4,0%

6,0%

8,0%

10,0%

12,0%

14,0%

16,0%

18,0%

0

50

100

150

200

250

300

350

400

450

2010 2011 2012 2013 2014 2015 2016 2017

113129

141150

135 135

85 83

6,2% 6,0%

5,1% 5,1%

5,4% 5,6%

3,9% 3,8%

0,0%

1,0%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

0

20

40

60

80

100

120

140

160

2010 2011 2012 2013 2014 2015 2016 2017

26


[ Conservative financial profile ]

Credit Rating 2018:

[ ]

Services

16%

Industrial

51%

Commercial

10%

SK Holding

23%

27


[ Conservative financial profile ]

1,59

2,48

2,24

2,072,15

2,31

2,78 2,62

2010 2011 2012 2013 2014 2015 2016 2017

Net Financial Debt / EBITDA(Times)

✓ Consolidated Leverage 1,07x

✓ Financial Net Leverage* 0,41x

✓ Net Financial Debt/EBITDA 2,56x

✓ NFD/EBITDA+Consortium 2,35x

✓ Coverage Financial Expenses 5,38x

0,44

0,60

0,54 0,53 0,49

0,56

0,480,41

2010 2011 2012 2013 2014 2015 2016 2017

Net Leverage*(Net Liabilities / Equity)

(*) Covenant: 1,2X

Financial Debt(US$ million)

➢ Consolidated Financial Debt

US$1.089 millon

➢ Financial Net Debt

US$ 738 millon

ShortTerm →

24%

LongTerm →

76%

[ ]


[ Long Term Growth Plan ]

• Strengthen position in

Peruvian and Brazilian

market of rock fragmentation

services

• Development of new markets

through Davey Bickford

• Regional approach seeking

greater optimization of

productive capacities and

shorter response time

• Current backlog of

US$580 millions mainly

in the mining and

electric sector, which will

be executed during

2018-2020.

• New warehouse of

Copper Concentrate

• Shiploader Overhaul

28

[ ]

ConservativeFinancial position

SuccessfulIndustrial History

Consistent

ProfitabilityLeadershipin all business

areas

Strategic FocusOn the mining and industry

GlobalNetwork


29[ ]

presentación de powerpoint - sigdo koppers€¦ · heat resistant castings, grinding circuit...

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