presentación de powerpoint - enaexsep 02, 2019  · 762 692 705 783 804 384 363 2015 2016 20172018...

2Q2019

With 98 years of history in the Chilean market, Enaex S.A. is

THE MAIN AMMONIUM NITRATE PRODUCERand supplier of comprehensive rock fragmentation servicesfor the mining industry in Latin America

Enaex has a global presence, a solid financial position, low debt levels and is controled by Sigdo Koppers Group.

70 77 79 91 94 99 10585 80 79 80

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LTM2019

92 111134 152 150 154

181 165 164 166 169

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LTM2019

312 409575 641 648 646

762 692 705 783 804

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LTM2019

Sales(MM USD)

EBITDA(MM USD)

Net Profit(MM USD)CAGR

6,2%CAGR

1,4%

CAGR

9,9%

Source: The Company, CMF.

Board Directors December 2018 Ownership Structure

201720162015201420122010 2018

Enaex acquires70% of

Cachimayo.

Enaex launch new technological

developments: RoboMinerand Mine-iTruck.

2018201720162015201420132012

2016

2017

2018

TechnologicalInnovation

in the Mining Industry

23,7% 23,9% 23,3%21,2% 21,0% 21,0% 21,6%

13,7%12,3% 11,4%

10,1% 10,0% 9,8% 9,9%

2015 2016 2017 2018 LTM 2019 2Q19 2Q18

EBITDA Margin andNet Profit Margin

EBITDA Margin

Net Profit Margin

762 692 705 783 804

384 363

2015 2016 2017 2018 LTM2019

2Q19 2Q18

Sales(Million USD)

10585 80 79 80

38 36

2015 2016 2017 2018 LTM2019

2Q19 2Q18

Net Profit(Million USD)

181 165 164 166 169

81 78

2015 2016 2017 2018 LTM2019

2Q19 2Q18

EBITDA(Million USD)

Source: The Company, CMF.

60%N H 3of Costs

102

6

8 202

205

1 year 2 years 3 years 4 years 5+ years

Maturity Profile as of June 2019(Million USD)

Working Capital

Other

362 308 282 297 323

2015 2016 2017 2018 2Q19

Financial Debt(Million USD)

32%

68%

Short

Term

Long

Term

Long and 1

1 Short Term 1

1Debt

Source: The Company, CMF.

Financial Debt includes hedging instruments.

651 602 563 591 607

267245 271

312362

918846 834

903968

2015 2016 2017 2018 LTM 2019

Volume Sales Evolution(Thousand Tons) Chile

Others

285

43 56 8 9 12 - 9

423

301

60 67

12 9 12 19 8

488

Chile Perú Brasil México Argentina Bolivia Australia Others Total

Sales by Country(Thousand Tons)

2Q182Q19

Source: The Company, CMF.

18,76x

11,44x 11,48x12,95x 13,00x

2015 2016 2017 2018 2Q19

Financial Expense Coverage(Times)

2,01x1,86x

1,71x 1,79x1,91x

2,00x

2015 2016 2017 2018 2Q19

Financial Debt / EBITDA(Times)

Financial Debt/ EBITDA

Covenant

15.360 15.401 14.827 16.291 15.885

8.000

2015 2016 2017 2018 2Q19

Total Equity(Thousand UF)

Total Equity UF

Covenant

0,65x0,51x 0,44x 0,46x 0,49x

1,20x

2015 2016 2017 2018 2Q19

Financial Debt(Times)

Financial Debt / EquityCovenant

Financial Debt includes hedging instruments

Financial Debt includes hedging instruments

Source: The Company, CMF.

0,98x0,84x 0,81x 0,84x 0,85x

2015 2016 2017 2018 2Q19

Liabilites / Equity(Times)

1,37x1,18x

0,99x1,19x 1,24x

2015 2016 2017 2018 2Q19

Net Financial Debt / EBITDA(Times)

Net Financial Debt includes hedging instruments and Cash

AA (stable)

AA- (stable) (July 2019)

(December 2018)

Source: The Company, CMF.

2Q2019