TERPEL 3Q-15 Results1 REGIONAL PRESENCE 3 (*) Source: Terpel sep-15. Colombia's Market Share Jul-15...
Transcript of TERPEL 3Q-15 Results1 REGIONAL PRESENCE 3 (*) Source: Terpel sep-15. Colombia's Market Share Jul-15...
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November 2015
TERPEL
3Q-15 Results
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HIGHLIGHTS
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Terpel became the lubricants supplier for Carbones del Cerrejón Terpel started supplying fuel to Arroyo Barril Airport in RD
Terpel acquired 6 fuel plants from Cenit IR Recognition was renewed
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1 REGIONAL PRESENCE
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(*) Source: Terpel sep-15. Colombia's Market Share Jul-15
(***) Market Share in Mexico City is 100%
(****) 1995 liquid fuel SS (202 owned) and 292 VNG SS, (167 SS sale both liquid fuels and VNG)
(****) No. SS sep-14: Colombia-> 2072, Panama-> 103, Ecuador-> 54, Mexico-> 7, Peru-> 25
No. No. Ranking% Market
Share*
Business
Lines
7 -- 1 78%** (VNG)
-- 5 2 41%
114 -- 2 20%
40% COMB
46% VNG
78% Aviation
57 -- 5 6%
34 -- 2 10% (GNV)
12.120*** 20
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Gazel SS in Mexico
2 CONSOLIDATED RESULTS
4
El Dorado SS (Bogotá, Colombia)
Panamerican Travel Center SS in Panama Gazel SS in Peru
Aviation in Dominican Republic
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VOLUME COUNTRY BREAKDOWN
EBITDA COUNTRY BREAKDOWN
VOLUME SALES
(Million Gallons)
EBITDA*
(COP$ Billion)
CONSOLIDATED RESULTS 2
5 * Colombia neither includes royalties income nor equity tax
for COP$10,7 billion
81,11%
8,71%
6,18%
0,61%
2,37%
1,01%
1.621,34 1.674,88 60,69 16,23 3,83 2,10 0,77 2,37
sep-14 Colombia Panamá Ecuador Perú México Rep. Dom sep-15
Var: +3,3%
+4,68% -10,01% +3,84% +14,15% +8,21% +6,34%
402,80 5,30 5,89 0,19 1,44 5,11
18,50 392,02
sep-14 Colombia Panamá Ecuador Perú México Rep. Dom sep-15
Var: -2,68%
+32,68% +5,32% -14,45% -5,26% +261% +95,54% 84,98%
7,71%
1,49%
0,98%
2,08%
2,77%
3,76%
3,37%
4,16%
23,03%
6,61%
1,99%
%: EBITDA Margin %: Share in total
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COLOMBIA 3
6 Ziclos SS Autopista (Cali, Colombia)
Restrooms SS Báscula (Bogotá, Colombia)
Deuna SS La América (Medellín, Colombia)
Altoque Convenience Store SS Báscula (Bogotá, Colombia)
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VOLUME SALES BREAKDOWN YTD GROSS PROFIT BREAKDOWN YTD
VOLUME = 1.358,45 Million Gallons
(+4,68% vs. Sep.14)
GROSS PROFIT = COP$ 673,88 Billion
(0,09% vs. Sep.14)
COLOMBIA: OPERATIONAL RESULTS 3
+%: YTD growth %: Gross Margin %: Share in consolidated figure
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Fuel SS 66,02%
VNG SS 6,21%
Lubricants 0,45%
Industry 9,28%
Aviation 17,54%
Marine 0,48%
+8,92%
-6,65%
+16,96%
-24,7%
+17,26%
+28,25%
Fuel SS 53,57%
VNG SS 21,95%
Non-Oil 0,61%
Lubs 7,40%
Industry 4,70%
Aviation 7,42%
Marine 0,41% Others
3,95%
33% 42%
37%
4%
4%
6% 7%
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COLOMBIA: OPERATIONAL RESULTS 3
NET PROFIT** (COP$ Billion)
16,4% decrease in net profit because in 1T15
there was an equity tax charge for about
COP$10,7 billion.
5,3% EBITDA decrease despite the volume
growth (4,7%): VNG and lubricants had lower
gross margins compared to 2014 in addition
to lower volume in industry and VNG
business. Loss in inventories (fuel price
changes) amounted to COP$26.410 million.
EBITDA* (COP$ Billion)
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* EBITDA neither includes royalties income nor equity tax
for COP$10,7 billion
$ 352
$ 333
$ 271 $ 245
$ -
$ 50
$ 100
$ 150
$ 200
$ 250
$ 300
$ 350
$ 400
$ -
$ 50
$ 100
$ 150
$ 200
$ 250
$ 300
sep-14 sep-15
EBITDA $COP MMM EBITDA/Gln
$107
$90
$0 $11
$6
Sep-14 FinancialExpenses
Equity Tax Companygrowth
Sep-15
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4 CONSOLIDATED BALANCE SHEET
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In august 2015, Terpel’s share became part of Colcap
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4 CONSOLIDATED BALANCE SHEET
BALANCE SHEET
(COP$ Billion)
ASSETS
LIABILITIES
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$ 3.923
$ 1.495
$ 0,59
$ 2.428
Assets Laiabilities & Equity
Assets Equity Minority Interest Liabilities
Current Assets 34%
Permanent Investments
0%
PP&E 41%
Deferred & Intangibles
24%
Others 1%
Current Liabilities
30%
Short Term Debt 5%
Bonds issued 45%
Long Term Debt 9% Others
11%
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FINANCIAL DEBT*
(COP$ Billion)
DEBT MATURITY BREAKDOWN TYPE OF INTEREST RATE BREAKDOWN
CONSOLIDATED FINANCIAL DEBT
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ST 4%
LT 96%
Org. Terpel Panamá PNSA México CEM Gazel Perú ConsolidatedDebt
$ 1.140
$ 1.451 $ 223 $ 63 $ 25
Consolidated Cash balance $236.067 Million
(*) USD/COP $3.121,94 PEN/USD $3,14 MXN/USD $17,08
sep-14 debt: COP$ 1.307 Million. Debt exchange difference COP$ 90 billion
FIXED 18%
IPC 62%
LIBOR 16%
TIIE 4%
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DEBT / EBITDA=2,8x EBITDA / INTERESTS=6,9x
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DEBT MATURITY PROFILE (COP$ Billion)
CONSOLIDATED DEBT MATURITY PROFILE
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$ 115
$ 241
$ 151
$ 247 $ 249
$ 97
$ 63
$ 97 $ 126
$ 2
$ 6
$ 6
$ 6
$ 4
$ 1
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Colombia Mexico Panama Peru
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CAPEX BUSINESS LINE BREAKDOWN CAPEX COUNTRY BREAKDOWN
CAPEX COP$ 291.950 Million
4 CONSOLIDATED CAPEX
MAIN PROJECTS
Expansion and strengthening of the service
stations network.
Investments in upgrading service stations.
Development of complementary services
(non-oil business)
Plants and airports overhaul and increase in
storage capacity.
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73,55%
18,72% 0,80%
4,12%
0,12%
2,69%
52,1%
4,2%
9,4%
3,1%
3,8%
21,1%
2,3% 3,9% Service Stations
VNG Conversions
Non oil
Industry
Lubricants
Storage Plants
Aviation
Corporative&IT
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(1) 317 53 53
https://www.terpel.com/Home/Shareholders/investor-
relations/Financial-statement/
CONTACT
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