quarter results 1 - conconcreto...extension length 1.5 km third rail extension - left side third...
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12019
Quarter Results
May 8, 2019
Corporate relevant events 4Q2018
Gran Plaza El Ensueñoshopping centre
Bogotá, Cundinamarca
Extension length 1.5 km
Third Rail Extension - Left Side
Third Rail Extension - Right Side
Cycle Router
Platform
Access Sibaté
2019 1Q
Vía40 expressInvestments
On March 20, the time to hand over the First Functional Unit (FU1) of the Soacha – Sibaté Project was fulfilled according to the schedule. The nine-kilometer transche enters the verification process by Supervision and the Client (ANI) so that, in 60 days, the Certificate of Completion of the Functional Unit will be signed.
Advance of work
2019 1Q
Construction
On March 30, a 410-room hotel in the city of Bogotá was handed over for operation, which is part of the project that seeks to consolidate the city as the “First Event and Convention District in Latin America.”
This 51,652-m2 hotel has a gym, spa and indoor pool, as well as 7,500 m2 for meetings and events. The work was constructed in 31 months and was handed over for its inauguration on April 9.
Noteworthy in its construction was the standardization of processes and the use of the Orchestra Wheel methodology to increase productivity, which allowed preserving a tax benefit granted by the Government in 2017 and achieving a cost efficiency of 1.9%.
Located in Palmira, Valle, this 30,000-m2 project was constructed in 15 months and handed over at the end of March 2019.
In its execution, the 57% increase in the productivity of the roof structure, the 33% reduction in man-hours in the structure and the 33% reduction in the Accident Frequency Index stand out, compared to projects with similar characteristics.
Delivery of the Hotel Hilton Corferias:
Delivery of the Colgate Distribution Center:
On March 22, the construction of this Social Interest Housing project began in Soledad, Atlántico.
The total area of the project is 3,198 m2 and includes three (3) towers and 140 apartments. It is expected to be delivered in December 2019.
Initiation of the Construction of the Portal del Sol Housing Complex:
The Company obtained the adjudication of Wayabero Lodge, a 7,000-m2 project, which includes 36 rooms and a spa; it was designed to be the most luxurious expedition hotel in Colombia. This hotel will be built under the best sustainability standards in the natural environment of the Sierra de la Macarena on the banks of the Guayabero River, in a period of 12 months.
Adjudication of the Wayabero Lodge Project:
2019 1Q
Housing
Contree, a Conconcreto brand, offers an innovative product that adapts to the current needs of home buyers.
It has a regional-expansion plan for the coming years that will give life and strength to the Brand.
Factors – such as the personalization of spaces, sustainability, digitalization, among others, make Contree a disruptive Project in the Colombian and global real-estate offer.
The Launch of Contree:
A Replicable, Innovative Business ModelThe product design is from the Conconcreto Engineering and Design Workshop, with a young, creative commitmentBrand conceptualizationVirtual salesroom. There will be no physical space for salesDigitalization of the purchasing process and virtual realityHigh-profile host or seller to accompany the sales processDifferential design Sustainability Solar panels Native and adaptive plant species Collection of rainwater Electric-car chargers
( http://www.contree.co/ )
2019 1Q
Constructora Conconcreto Advances with its Divestment Plan, Generating Resources for COP 249,000 million to date
COP 249,000 million
Financial
The stake in Concesiones CCFC S. A. S. was sold in order to self-generate the liquidity required to attend to (i) the execution of the Company’s Investment Plan; (II) financial obligations; and (III) the Company’s long-term financial solidity.
Divestments made in previous periods
COP 210,000 million
Concesiones CCFC
The sale of Conconcreto’s stake in the company Concesiones CCFC S. A. S. was perfected. The value includes the sale price and the dividends received from Concesiones CCFC S. A. S. during 2019
COP 39,000 million
Restitution of Pactia contributions
Cash Out Devimed
Sale of shares in Soletanche-Bachy Summits and Geofundaciones
Other Disinvestments
Return in toll the Corzo, Facatativá, Cundinamarca.
Total:
Reliability
Assistance
Constancy
ConsistencyAdherence
GreaterProductivity
EasyImplementation
8 robots construidos que realizan tareas como:
Download orders, invoices, data bases and ERP system information.
Creation of users in platforms and applications.
Automatic response of emails.
2019 1Q
Innovation
The use of digital automation processes permits users with no knowledge in programming to create their own robots for automation.
We have enabled a virtual training field to train our team of employees in an activity that generates frequent accidents, which allows us to develop jobs without injuries and then arrive at the work field with training in the use of tools and awareness of self-care.
RDA Robotic Process Automation
benefits
*Robotic Desktop Automation
Main
Virtual reality for entertainment
Virtual field
Real field; project under construction
Concesión Vía 40 Express Bogotá- Girardot, Cundinamarca
THE FUTURE
CONCESSIONS,a route to
2019 1Q
VÍA 40 EXPRESS (Bogotá - Girardot)
Variante fusa, Cundinamarca.
On March 20, the time to hand over the First Functional Unit (FU1) of the Soacha – Sibaté Project was fulfilled according to the schedule. The nine-kilometer tranche enters the verification process by Supervision and the Client (ANI) so that, in 60 days, the Certificate of Completion of the Functional Unit will be signed.
MELGAR
FUSAGASUGÁ
GRANADA
BOGOTÁ
SOACHA
SIBATÉ
GIRARDOT
RICAURTE
Participation: 50%Start of operation: dec 2016 Time of concession: 30 years
Vía Bogotá- Girardot, Cundinamarca
2019 1Q
Medellín – Caño Alegre and the Oriente Road Network
June, 1996
InitiationDate:
Ending Date:
Dicember, 2026
% of Conconcreto’s Stake:
25%Average Daily Traffic (ADT)
Toll Station
Cocorná
Puerto Triunfo
Guarne
Palmas
Total
1Q2018 2Q2018 3Q2018
1Q2018 2Q2018 3Q2018
Accumulated Financial Results
OperatingIncome
EBITDA*
1 The Corcorná and Puerto Triunfo Toll Stations were phased out from the concession beginning on September 1, 2018.
5.235 4.860 4.474
4.379 4.039 3.721
20.740 20.395 20.797
9.772 9.916 10.085
40.126 39.210 39.077
39.908 80.330 97.712
21.922 31.074 49.699
4Q2018¹
0
0
21.054
10.134
31.189
1Q2019
0
0
21.346
9.893
31.239
4Q2018
151.579
75.345
1Q2019
32.803
17.239Reference photo concession Devimed
2019 1Q
Vía Loboguerrero-Mediacanoa, sector la Balastera, carretera que estuvo cerrada por derrumbes de roca y tierra.
VÍA PACÍFICO (Buga - Buenaventura)
On March 28, the reversal of the concessioned infrastructure and reversible assets was made to the ANI. This process
terminated the reversal stage and the Project entered the liquidation stage of the concession contract.
2019 1Q
The Project is still in the approval phase by the Ministry of the Treasury, so there have been several rounds of observations and responses to the comments from the Entity. This process is customary in this type of projects.
Once the corresponding approvals have been provided, the Office of the Governor will begin the bidding process thereof.
DCO (Doble Calzada Oriente)
Foto de referencia concesión Devimed
Participation: 60%
COP 911.000 million
Length of 13.8 km (Including viaducts)of two lane road.
Approximated Investment:
Tablazo
Sancho Paisa
Medellín
Rionegro
Palmas
VarianteAeropuerto
Nuevo Peaje
Llanogrande
Proposed route - PPP
Roads belonging to the Devimed concession today.
2019 1Q
Relevant Events:Real-Estate Portfolio
The most relevant events
1. The distribution of yields was carried out for COP 27,000MM2. Operations began in the Colgate Distribution Center in Palmira, Valle del Cauca3. Construction began on the tailor-made warehouse for HomeCenter, located in the Logika Madrid
Logistics Park4. The remaining state (50%) was acquired in the assets Buró 26, located in Bogotá; and Buró 51,
located in Barranquilla5. Construction was completed on the Hilton Corferias Hotel, located in Bogotá. In March, it
initiated soft-opening operations. The Hotel’s opening event was held in April
NOI 1Q2019
$35.517 mill
Hotels
4%Offices
20%
Industry
26%Self-Storage
4%
Commerce
44%
International
2%
GLA 1Q2019
774.683 m2 in Operation
Commerce
28%
Industry
48%
Offices
18% Hotels
3%Self-Storage
3%
88% 88%76%
53%69%
85%*
Occupation at the Close of 1Q2019
* The weighted total occupation does not include the Hotel line
Commerce Offices Hotels TOTAL*Industry SelfStorage
Equity Adjusted to the Stake (40.3%)
829.917 840.933
40,3%40,4%
2018 1Q2019
* Calculated based on administrative information provided by PACTIA
ParticipationConconcreto
ParticipationConconcreto
2019 1Q
COP Miles de millonesBacklog
Backlog at the close of the year Distribution of the Backlog
2013 2014 2015 2016 1Q2019 April-Dec2019
2020 2021 202220182017
$2.000 $1.900
$2.551
$3.133 $2.395
$1.896
$1.512
$582 $230 $178 $174
2023
$174
2024
$174
Infraestructure%82
%18 Construction (including Housing)
CO
P Th
ousa
nds
of M
illio
ns
$1.418.679
$1.234.091
-$92.856
-$91.733
2018 Contracted Changeof scope
Executed 1Q2019
InfrastructureCOP Millions
$477.155
$278.079
-$118.254-$80.823
2018 Contracted Changeof scope
Executed 1Q2019
Construction (Including Housing)COP Millions
$29.933 $3.432
$22.184 -$3.026 -$8.155
2018 Contracted Changeof scope
Executed 1Q2019
Engineering and Design COP Millions
*Unification of theEngineering and Design Backlog methodology with that of Construction and Infrastructure.
Bogotá, CundinamarcaHotel Hilton Corferias
Consolidated financialResults 4Q2018
2019 1Q
Consolidated Ordinary Income
-2%
Corporate
$2.838 Housing
$12.368Construction
$137.236 Eliminations
$(4.698)
Corporate
$1.985 Housing
$20.445
Eliminations
$(1.540)
1Q2019$192.772 mill
1Q2018$195.888 mill
Investment
$45.027
Construction
$152.214
Investment
$22.785
$137.236 millIncome from Construction
$ 152.214 millIncome from Construction
-10% $2.210 Equipment
$39.669Building
$1.580Engineering & Design
$93.777Infrastructure
$3.558 Engineering & Design
$120.691 Infrastructure
$4.212 Equipment
$23.752 Building
Income from Investments
$45.027 mill98%
Industrial CC
19.995
14.743Other Real-Estate Assets
9.825Concessions
Housing Fund
465
Income from Investments
$22.785 mill
Industrial CC
15.9741.744Other Real-Estate Assets
4.612Concessions
Stakes
1.514
Stakes
49Housing Fund
454
2019 1Q
Consolidated EBITDA
Corporate
$(4.444)Corporate
$(6.445)
Housing
$89Housing
$(621)
1Q2019$53.007 mill
1Q2018$33.372 mill
Construction
$11.947Construction
$21.060
Investment
$45.416Investment
$19.379 59%
Construction EBITDA $11.947 mill
Construction EBITDA$21.060 mill
10.364 Infrastructure
(203)CommercialVice Presidency
(1.539) Ingeniería & Diseño
2.276Equipment
1.049 Building
13.687Infrastructure
(565)Engineering & Design�
2.664Equipment
5.274Building
-43%
Investment EBITDA
$45.416 mill134%Industrial CC
Industrial CC
2.857
10.929Pactia
Pactia32.305Concessions
(589)Stakes
(337)Corporate Finances (2.976)
Stakes
(63)CorporateFinances
Housing Fund
249
Investment EBITDA
$19.379 mill
Housing Fund
227
11.949 7.039Concessions
470
2019 1Q
CONSTRUCTORA CONCONCRETO S.A. CONSOLIDATED STATEMENT OF RESULTS(COP Million)
Real Mar. 2019 Real Mar. 2018 Var COP Var %Income from Ordinary Activities 192,772 195,888 (3,116) -2%Sales Costs (157,277) (169,183) 11,906 -7%Gross Profit 35,495 26,705 8,790 33%Gross Margin 18.4% 13.6%Other Income 21,978 2,127 19,851 933%
Administration and Sales Expenses (7,801) (7,546) (255) 3%Employee-Benefit Expenses (10,735) (11,511) 776 -7%Other Expenses (1,152) (1,905) 753 -40%
Other Profits (Losses) (188) 6,403 (6,591) -103%Equity Method (Association & Joint Ventures) 5,385 8,085 (2,700) -33%Operating Profit 42,983 22,358 20,624 92%Operating Margin 22.3% 11.4%Exchange Difference Profits (Losses) (22) (8,746) 8,724 -100%Financial Income 10,970 5,910 5,059 86%
Financial Costs (18,905) (17,975) (930) 5%Before-Tax Profit 35,025 1,547 33,477 2,164%Before-Tax Margin 18.2% 0.8%Tax Expense (4,543) (0) (4,543) 11,190,512%
Minority Interest (24) 487 (511) -105%Net Profit 30,457 2,034 28,423 1,397%Net Margin 15.8% 1.0%
EBITDA 53,007 33.372 19,635 59%EBITDA Margin 27.5% 17,0%
2019 1Q
Consolidated Financial Obligations
Dec - 2018
CorporateHousing
Construction
Investment
$172.820
$78.597
$535.986
$54.473
COP 841.875 millDec - 2017
Corporate
Housing
Construction
Investment
$213.744
$116.894
$561.654
$40.976
COP 933.269 millCorporate
Housing
Construction
Investment
4%
-12%
-7%
-14%
-8,2%COP 773.181 mill
CorporateHousing
Construction
Investment
$147.802
$69.000
$499.618
$56.761
Mar - 2019-9,8%
Corporate
Housing
Construction
Investment
33%
-33%
-5%
-19%
STATEMENTS OF THE CONSOLIDATED FINANCIAL SITUATION (COP Millions) Mar. 2019 Dec. 2018
Variation
COP %Current Assets 1,418,049 1,518,097 (100,048) -6.6%
Long-Term Assets 1,649,733 1,610,891 38,842 2.4%
Total Assets 3,067,782 3,128,988 (61,206) -2.0%Current Liabilities 657,946 731,032 (73,087) -10.0%
Long-Term Liabilities 903,558 923,920 (20,363) -2.2%
Total Liabilities 1,561,503 1,654,953 (93,449) -5.6%Total Equity 1,506,278 1,474,036 32,242 2.2%
Centro Empresarial Buró 25,Bogotá, Cundinamarca.
Question-and-Answer Session