Presentación Colombia Day ingles

Building the Future
Investing in the Present
Building the Future
Investing in the Present
Our Company
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Building the Future
Investing in the Present
Who we are
Experience
33 years
Developing infrastructure
projects in Colombia
Short-term Stability
Construction contracts pending
implementation
USD 819Million*
Technical Capacity
We manage one of the largest
fleets of equipment in Colombia
Long-term Stability
Infrastructure investment
portfolio Annual portfolio
revenues
USD 558 Million*
Human Resources and
Company Environment
Great Place to Work 2011.
“One of the 15 best companies to
work for in Colombia“.
“One of the 15 best companies to work
for in Latin America”.
Financial Strength
One of the 4 companies in the
infrastructure sector with the
largest volume of assets and
equity in Colombia
*Exchange rate, 1792,5 average on June 2012
Source: Banco de la República de Colombia
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Building the Future
Investing in the Present
Our History
2008
2007
Merger with GRUPO CONDOR DE INVERSIONES
2012
Merger with TUNELESA, S.A.
2005
IPO
Launch of mining operations:
La Francia Mine
2010
2004
2001
Awarded the megaproject
TRANSVERSAL DE
LAS AMERICAS
Divestment of the Investment
Portfolio to create:
GRUPO CONDOR INVERSIONES S.A.
2009
Relevo Generacional
Merger with Agregados San Javier
2006
1992
1994
Creation of ODINSA
1979
Construcciones El Cóndor
was founded
Construction, modernization,
operation and maintenance of
Eldorado Airport
Participation in the first
infrastructure concession
LOS LLANOS HIGHWAY CONCESSION
Creation of: TUNELESA S.A.
1984
First nationwide job:
Neiva-San Vicente del Caguán
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Building the Future
Investing in the Present
What we do
CONSTRUCTION
INVESTMENT
Roadways
Tunnels
Viaducts
Bridges
Dams
Oil pipelines
Works in concrete
Mining
Open pit mining
Excavation of soil and rock
Mass transport systems
Roadway concessions
Public service concessions
Port concessions
Energy generation projects
Investments in companies related
to the infrastructure sector
Mining concessions
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Building the Future
Investing in the Present
Contracts in Course
Backlog USD $819 Millones*
Antioquia
*Exchange rate, 1792,5 average on June 2012.
Paving of roadway failures in Medellin
Contractor: City of Medellin
Paving of San Jerónimo - San Pedro road
Contractor: Government of Antioquia
Construction of the Ave. 80 interchange
Contractor: Metropolitan Area of Valle de Aburrá
Cundinamarca
Construction of the Ave. 80 interchange
Contractor: Metropolitan Area of Valle de Aburrá
Adaptation of Carrera 7 to the Transmileno
(Bus rapid transit) System (Suspended)
Contractor: Instituto de Desarrollo Urbano (IDU)
Valle del Cauca
Nariño
TTransversal del Sur - Sections No. 1 and No. 2
Construction of the hydroelectric plants Tuluá
Alto and Tuluá Bajo
Contractor: EPSA
Cesar
Putumayo
La Francia mining operation
Contractor: Compañía Carbones del Cesar S.A.
Construction of the San Francisco by-pass Mocoa
Contractor: INVIAS.
Caldas
Restoration of the Tumaco - Pasto - Mocoa Roadway
Contractor: INVIAS.
Construction of Avenida Colón Manizales
Contractor: Alcaldía de Manizales.
Marginal de la Selva
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Building the Future
Investing in the Present
Background
AS BUILDERS
AS INVESTORS
Road transportation:
Through our concessions:
• 5 tunnels built (23.4 Km)
• 15 large bridges built
• 2,550 Km of roadway work
• 4 million cubic meters of
completed structures
• 150MW Direct construction
•Financing 6 Local Bank projects
totaling USD 760 million
•Financing of Multilateral Bank
projects totaling USD 400 million
•Operation of 1,450 Km of roadways
(5 concessions)**
•20.6 million passengers per year
Mining:
•600,000 tons of cargo transported
Energy:
• Coal extracted: 8,000,000 cubic
meters
Excavation:
• 50 million cubic meters excavated
• 2,550 Km of two-lane roads, equivalent to 5,100 Km/lane.
Built, restored, improved or under concession
**1,450 Km of two-lane roads equivalent to 2,900 Km/lane
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Building the Future
Investing in the Present
Investment Portfolio
Concession for the rehabilitation, expansion, improvement and conservation of the Transversal de las
Américas roadway project
Concession for the development of Aburrá Norte
Concession for the connection between Valle de Aburrá
and Valle de San Nicolás
Concession for the construction of two sections of the
mass transportation system in Bogota
Concession for the construction and operation of
Eldorado International Airport
Concession for the rehabilitation and operation of the
roadproject between Colombia and Venezuela in la
Guajira
Restoration of the roadway grid in the Department of
Cesar
Odinsa S.A. Group.
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Building the Future
Investing in the Present
Our Main Investment
15%
21.1%
50%
43.3%
35%
22.2%
2.6%
42.9%
40.3%
33.3%
66.6%
33.3%
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Building the Future
Investing in the Present
Our Figures
Operating revenues (USD)
EBITDA (Construction USD)
CAG 19%
CAG 26%
150
147
20
90
90
60
0
EBITDA Margin on
average over the past
5 years: 17 %
30
25
75
15
2006
2011
junio 2012
15
10
5
26
2001
USD Millions
USD Millions
120
30
30
0
12
4
2001
6X
2006
2011
junio 2012
10X
Backlog (USD)
1000
USD Millions
800
600
540
400
200
0
703
819
48
2001
2006
14X
2011
june 2012
Backlog USD 819 Millones
equivalent to 4 years of
current billing (2012
revenues distribuited in
the next 4 years)
CAG: Compound Average Growth
*Exchange rate, 1792,5 average on June 2012
Source: Inhouse information
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Building the Future
Investing in the Present
Our Figures
Operating Revenues (USD MM)
Per nature of the work
Operating Revenues (USD MM) 2011
Per nature of the work
150
18%
USD Millions
120
90
52%
60
2%
28%
30
0
2005
2006
2007
Concessions
2008
Private
2009
Public
2010
Others
2011
junio 2012
Concessions
Private
Public
Others
*Exchange rate, 1792,5 average on June 2012
Source: Inhouse information
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Building the Future
Investing in the Present
Our Figures
Operating Revenues (USD MM)
Per type of work
Operating Revenues (USD MM) 2011
Per type of work
150
16%
120
USD Millions
90
52%
60
30
0
18%
14%
2005
2006
Roads
2007
2008
Hydroelectric
2009
Mining
2010
Airports
2011
junio 2012
Roads
Hydroelectric
Mining
Airports
*Exchange rate, 1792,5 average on June 2012
Source: Inhouse information
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Building the Future
Investing in the Present
Backlog per type of client June 2012
Our Figures
Backlog (USD)
25%
33%
4%
350
USD Millions
300
38%
250
Concessions
200
150
Private
Public
Others
Backlog per type of work June 2012
100
50
0
19%
2012 (E)
2013 (E)
2014 (E)
2015 (E)
6%
2016 (E)
3%
42%
Backlog USD $819 Millones*
Source: Inhouse information
*Exchange rate, 1792,5 average on June 2012.
30%
Roads
Hydroelectric
Mining
Airports
Others
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Building the Future
Investing in the Present
THE SECTOR AND OUR
GROWTH PLAN
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Building the Future
Investing in the Present
The right industry,
at the right time
Development of GDP Civil Works (USD Billion)
12
10
CAC 15%
8
6
4
2
0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Source: DANE
*Exchange rate, 1827.24 on 19 January 2012.
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Building the Future
Investing in the Present
The right industry,
at the right time
...An industry that is organized and plans
Becoming a strategic sector within the NDP - The Engine driving Transportation Infrastructure
Improved project structuring by the Ministry of Transportation
Public initiatives to propel the sector (National Infrastructure Agency, PPA Act)
Plan to take on new challenges - FTA
Objective of becoming one of the top 50 countries in the world in terms of transportation infrastructure in the medium-term
Five groups of road concessions with more than 6,000 Km currently being structured.
Estimated investments in transportation
infrastructure (USD Billion)*
2011 - 2021
2011 - 2014
Roads
Railway
30.6
10.5
12.1
0.8
Inland Waterways
1.7
0.9
Ports
1.7
1.1
Airports
1.1
0.5
Urban
7.7
3.6
54.3
17.4
Government Challenge (NDP)
Cargo transported at concession ports (million tons)
Railway concessions in operation (Km)
Routine maintenance of the tertiary network (Km)
Cargo transported by railway network concession (million tons)
Dual tracks in operation (Km)
Maintenance of the national transport network (Km)
Cargo transported on the Magdalena River (million tons)
Cargo moved by air (million tons)
Airports with improved service levels
Airline passengers transported (million)
Source: NDP, DANE
*Exchange rate, 1827.24 on 19 January 2012.
417
482
906
2.000
111
144
50.000
1.050
2.000
2.000
4.000
2
6
2
2
6
10
23
30
Base
2014 Target
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Building the Future
Investing in the Present
The right industry,
at the right time
.... An industry with diverse opportunities
Energy mining sector:
One of the engines for growth defined in the National Development Plan with significant opportunities to implement
civil works and render related services (construction of dams, excavation, oil infrastructure, among others).
Investments totaling COP 96.6 trillion in the NDP 2011-2014.
Electric (Hydro MW)
Potencial
More than
93.000
Hydrocarbons (MM BPE)
More than
11.112
7.062
Mining (MM
Tons Reserves)
Electricity Generation Capacity
Annual coal production (MM tons)
Oil and gas production (BPED)
More than
7.062
2.554
13.542
16.234
73
124
990.600
1.420.000
Base
73
2014 Target
Source: NDP, DANE
2010
Basic water and sewer sector:
One of the government's goals is to improve the coverage of basic water and sewer services . To do so the NDP has identified strategic projects for Waste Water Treatment Plants (WWTP) and investments in the sector through the Water Plans for Departments
(WPD).
Estimated investment in WPD 2011-2014: USD 3,700 million
Estimated investment in WWTP 2011-2014: USD 2,300 million
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Building the Future
Investing in the Present
Our Strategic Plan
INF
RA
EXP STRU
AN CTU
SIO RE
N
DEVELOPMENT
OF HUMAN TALENT
AND INNOVATION
C
O
N
S
OL
I
D
A
A
T
N
ION
D
GR
INVE OWTH OF
ST
M
E
N
TS
AL
I
C
O
TE S T Y
A
R
O
I
CORP ONSIBIL
RESP
LE
B
ITA TH
F
O
PR ROW
G
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Building the Future
Investing in the Present
STOCK
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*Exchange rate, 1792,5 average on
June 2012
Source: Colombian Stock Exchange
500.000
14/08/2012
07/08/2012
31/07/2012
24/07/2012
17/07/2012
10/07/2012
03/07/2012
26/06/2012
19/06/2012
12/06/2012
05/06/2012
29/05/2012
22/05/2012
15/05/2012
08/05/2012
01/05/2012
24/04/2012
17/04/2012
14/08/2012
07/08/2012
31/07/2012
24/07/2012
17/07/2012
10/07/2012
03/07/2012
26/06/2012
19/06/2012
12/06/2012
05/06/2012
29/05/2012
22/05/2012
15/05/2012
08/05/2012
01/05/2012
24/04/2012
17/04/2012
10/04/2012
0
10/04/2012
Volume USD
Stock Price
Building the Future
Investing in the Present
Stock Price
1.600
1.400
1.200
1.000
800
600
400
200
Volume
4.000.000
3.500.000
3.000.000
2.500.000
2.000.000
1.500.000
1.000.000
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Building the Future
Investing in the Present
COLCAP
EL CÓNDOR
MSCI. Emerging
Markets Index
VIX - Volatility Index
Source: Colombian Stock Exchange
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Building the Future
Investing in the Present
Awards per type of investor
23%
Corporations
39%
Amount awarded: $90,727,679 USD
Amount claimed: $180,273,438 USD
Individuals
11%
27%
AFP
Foreign funds
Insurers
Collective Portfolios
Others
Fiduciaries
Mutual Funds
Funds
Brokers
Real Estate Sector
Individuals -7.843
Internationals
AFPs
10.279
2.250
216
142
75
-31
-58
Net purchases by type of investor
April 10 to August 21, 2012, COP
-138
-737
-4.154
Source: Inhouse information, Colombian Stock Exchange.
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Building the Future
Investing in the Present
Free float ownership structure June 2012
24%
33%
Corporations
Individuals
International
20%
AFPs
August 2012
Shares outstanding (Millions)
Market Cap (COP Millions)
Trading Volume (COP Millions)
574.365.820
$ 712.213.616.800
$ 174.983.485
Market Cap (USD Millions)
Trading volume (USD)
23%
$ 397.440.634
$ 97.647
Volume: Median April-August 2012
Shareholders:
1.630
*Exchange rate, 1792,5 average on June 2012
Source: In-house information, Colombian Stock Exchange.
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Building the Future
Investing in the Present
Thanks
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