WITHOUT LIMITS. Corporate Presentation, June 2015 Results

(1)

WITHOUT LIMITS

Corporate Presentation, June 2015 Results

(2)

ANDINO INVESTMENT HOLDING

Group of leading companies operating port

and airport infrastructure and offering logistic and maritime services.

AIH strategy creates value to the Peruvian

foreign trade through comprehensive services based on infrastructure, with an

experience of over 40 years.

(3)

 3 Concessions with the Government:

Paita’s Port (2009 – 2039)

5 Airports of South (2011 – 2036)

Chinchero–Cusco Airport (2014 – 2054)

 More than 2,900 employees

 CAGR 2010 – 2014

Sales 11.16%

EBITDA 17.6%

 + US$ 616 millions of Real Estate Portfolio

 25% of the shares of AIH listed on the Lima Stock Exchange (AIHC1).

 75% of the remaining capital is controlled by an investor group working together for over 40 years.

Highlights

(4)

 Aproximately 25% of the shares float in the Lima Stock Exchange (BVL). Main shareholders at the free float are Mediterraneo Fondo de Inversión Privada (Chile) (6.78%), Banco de Credito del Perú (2.79%), El Pacífico Vida Compañía de Seguros (1.44%).

 The remaining 75% of the capital is controlled by a group of investors who have been working together since the very beginning, more than 40 years ago.

Ownership

25%

75%

Float

Controlling Group

TOTAL ^74.67%

Vargas Loret de Mola Family 37.44%

Matthies / Krefft / Krumdiek 37.22%

(5)

5

2014

.

FileService’s sale.

AIH issues an international Bond for US$115MM.

5 Cosmos Agencia

Marítima starts operations

1972

1980

Creating Neptunia

1993

Triton Transports starts operations

2005

AIH is created

2009

2011

File Service is

purchased

2011

TPE

adjudicates the Concession of Paita’s Port.

2012

AAP adjudicates de

concession of the South Airports

2013

IPO of AIH.

TPE issues an international

Bond for

US$110MM.

(1) AAP = Aeropuertos Andinos del Perú (2) TPE = Terminales Portuarios Euroandinos A loan of US $

85MM in acquired and is used to purchase the minority interests of Neptunia and Cosmos

2007

Kuntur Wasi adjudicates de concession of the Chinchero Airport

History of growth for more than 4 decades

Maritime Logistic Infrastructure

(6)

AREQUIPA MATARANI SAN NICOLAS

AYACUCHO PAMPA MELCHORITA

PISCO CALLAO

SUPE BAYOVAR

PAITA TALARA

CHICLAYO

MOLLENDO ILO ATALAYA

PUCALLPA YURIMAGUAS

YURIMAGUAS

HUARMEY CHIMBOTE SALAVERRY

IQUITOS

MADRE DE DIOS ZORRITOS

 Operations in most private and public ports concession of Peru (ports, terminals, offshore platforms) and in the main rivers of the jungle

 Operations en Callao, Paita, Chiclayo, Matarani and Pucallpa

 30-year concession to operate the Port Terminal of Paita

 25-year concession to operate 5 airports located in southern Peru: Arequipa, Ayacucho, Juliaca, Puerto Maldonado, Tacna

40-year concession to build and operate the new international airport of Chinchero

 14 hectares adjacent to the Jorge Chavez International Airport, where Inmobiliaria Terrano will develop a logistic, commercial and hotel center (LimaHub Project).

Fleet of over 130 trucks to transport containers and project cargo.

Strategic Geographic Coverage

Concesión para construir y operar el aeropuerto de Chinchero por 40 años.

Operador Logístico líder en Perú con más de 33 años de

experiencia.

Fundada en 1972, Cosmos es el líder peruano en agenciamiento marítimo y estiba.

50%

100% 100%

50%

100% 100%

50%

100% 100%

100%

100% 100%

75%

Oporsa desarrolla el proyecto Terminal

Portuario Ventanilla para

manejo de carga a granel.

Brinda servicios de manipuleo de carga, asistencia en Plataforma (Rampa) y Servicio de Embalaje y Custodia de Equipaje.

Agencia marítima que provee servicios de estiba y manipuleo de carga suelta y contenerizada.

100% 100% 50%

Infraestructura Servicios Logísticos Servicios Marítimos

Incluye: Proyecta &

Construye y Kubo Ads.

Inició operaciones en 2008 para implementar soluciones de habitabilidad.

Compañía especializada en servicios de practicaje, con más de 14 años de experiencia.

Penta Tanks se constituyó en 2010 para desarrollar y operar terminales de

almacenamiento de carga Supervisado por la SBS, Almafin

emite certificados de depósito para financiamiento de

mercadería (Warrants).

Brinda servicios de remolcaje, atraque y rescate de naves, así como control de derrames.

Terrano desarrolla el proyecto inmobiliario y de facilidades logísticas Lima Hub .

KUNTUR WASI

Contrato de Concesión para operar el Puerto de

Paita por 30 años. Flota de más de 130 camiones

para transporte de contenedores y carga de proyectos.

ASA es un agente de carga internacional para carga suelta, proyectos, contenedores y commodities.

Contrato de Concesión para operar por 25 años cinco aeropuertos del sur.

CUSCO

(7)

Integrated business model

with an added value strategy

Supplier of the whole logistic chain

Multimodal Services

Storage Multimodal

Transport

Support Operations

Import Flow Export Flow

Concesión para construir y operar el aeropuerto de Chinchero por 40 años.

Operador Logístico líder en Perú con más de 33 años de experiencia.

Fundada en 1972, Cosmos es el líder peruano en agenciamiento marítimo y estiba.

50%

100% 100%

50%

100% 100%

50%

100% 100%

100%

100% 100%

75%

Oporsa desarrolla el proyecto Terminal Portuario Ventanilla para manejo de carga a granel.

Brinda servicios de manipuleo de carga, asistencia en Plataforma (Rampa) y Servicio de Embalaje y Custodia de Equipaje.

Agencia marítima que provee servicios de estiba y manipuleo de carga suelta y contenerizada.

100% 100% 50%

Infraestructura Servicios Logísticos Servicios Marítimos

Incluye: Proyecta &

Inició operaciones en 2008 para implementar soluciones de habitabilidad.

Compañía especializada en servicios de practicaje, con más de 14 años de experiencia.

Penta Tanks se constituyó en 2010 para desarrollar y operar terminales de

almacenamiento de carga Supervisado por la SBS, Almafin

emite certificados de depósito para financiamiento de mercadería (Warrants).

Brinda servicios de remolcaje, atraque y rescate de naves, así como control de derrames.

Terrano desarrolla el proyecto inmobiliario y de facilidades logísticas Lima Hub .

KUNTUR WASI

Contrato de Concesión para operar el Puerto de

Paita por 30 años. Flota de más de 130 camiones

para transporte de contenedores y carga de proyectos.

ASA es un agente de carga internacional para carga suelta, proyectos, contenedores y commodities.

50%

100% 100%

50%

100% 100%

50%

100% 100%

100%

100% 100%

75%

100% 100% 50%

Infraestructura Servicios Logísticos Servicios Marítimos

KUNTUR WASI

50%

100% 100%

50%

100% 100%

50%

100% 100%

100%

100% 100%

75%

100% 100% 50%

Infraestructura Servicios Logísticos Servicios Marítimos

KUNTUR WASI

50%

100% 100%

50%

100% 100%

50%

100% 100%

100%

100% 100%

75%

100% 100% 50%

Infraestructura Servicios Logísticos Servicios Marítimos

KUNTUR WASI

(8)

Infrastructure Maritime Services Logistics Services

Leaders in our Industry

Capabilities

15%

13%

12%

9% 8%

44%

DP World Neptunia Tramarsa Alconsa Contrans Otros

Portuary

 Relationship with major shipping lines Logistics

 Economies of scale

 Distribution and storage capabilities

 Experience

 Solid backing

 Technology Platform

 Human Capital

 Connectivity

 Availability of large areas for the development of logistics platforms Terminales Portuarios Euroandinos (Paita)

The 2nd main container port in the north Aeropuertos Andinos del Peru 5 airports for 25 years (Southern Peru)

Chinchero International Airport in Cusco for 40 years Market Share by TEUs

(2013)

26%

74%

Cosmos

Otros

(9)

Consolidated Statements

Balance Sheet

In thousands of S/. jun-14 jun-15

Current Assets 214,031 222,262

Non Current Assets 1,921,265 1,982,208

Total Assets 2,135,296 2,204,470

Current Liabilities 137,122 189,818

Non Current Liabilities 776,278 756,705

Total Liabilities 913,400 946,523

Net Equity 1,221,896 1,257,947

Total Liabilities and Net Equity 2,135,296 2,204,470

Profit and Loss

In thousands of S/. jun-14 % jun-15 %

Revenue 296,640 100.00% 309,979 100.00%

Operating Costs and Expenses -273,279 -92.12% -283,985 -91.61%

Monetary Restatement 589 0.20% -23,290 -7.51%

EBITDA 34,590 11.66% 39,247 12.66%

Net Profit (Loss) 7,193 2.42% -20,645 -6.66%

(10)

Historical Results

Real estate portfolio of more than 1.2 million m2

Consolidated Revenue EBITDA

S/. Millions

US$ Millions.

410 466 517

614 626

0 100 200 300 400 500 600 700

2010 2011 2012 2013 2014

37 42

54 70 71

- 10 20 30 40 50 60 70 80

2010 2011 2012 2013 2014

Market Value % AIH Net Value Infraestructure

Oporsa 249.5 100% 249.5

Terrano 78.9 75% 59.2

Logistics Services

Neptunia 272.8 100% 272.8

Almafin 12.5 100% 12.5

Maritime Services

Cosmos 2.4 100% 2.4

Total 613.7 594.0

(11)

AIH Business Units

Logistic Services Maritime Services Infrastructure

50%

100% 100%

50%

100%

50%

100%

100% 50%

100%

100% 50% 75%

Penta Tanks was incorporated in 2010 to develop and operate liquid cargo terminals.

Incorporated in 2006 to develop the project called

Ventanilla Port Terminal.

14 hectares next to JCh International Airport for developing logistic projects.

Provider of tugboat services, berth services, vessel rescue and assistance and spill prevention and control.

Provider of maritime and stevedoring services and loading/unloading of containers and bulk cargo.

Founded in 1972, Cosmos is the peruvian leader in maritime brokerage and stowage.

ASA is an international cargo forwarder for bulk, project cargo, containers and commodities.

Company focused on pilotage services, with over 14 years experience in the business.

Concession Agreement to build and operated the new International Airport in Cusco for 40 years.

Concession Agreement with the Peruvian Government to operated the Port of Paita for 30 years.

Concession Agreement to operate the five southern airports. Includes: Proyecta &

Construye and Kubo Ads

Custom bonded warehouse

capable of issuing negotiable certificates of deposit.

Started operations in 2008 to provide temporary facilities such as camps, housing, warehousing.

SAASA provides cargo handling services at the airports, ramp assistance and baggage packing and custody.

Peru leading Logistics Operator with over 33 years experience. It holds a key rol on the logistics chain for foreign trade.

Fleet of over 130 trucks and

specialized equipment to

transport containers and

project cargo.

(12)

Revenue

(S/. Millions)

EBITDA

(S/. Millions)

Consolidated Summary (as of June)

(13)

Consolidated results of the main lines of business (millions of S/.)

jun-14 jun-15 Var jun-14 jun-15 Var jun-14 jun-15 Var jun-14 jun-15 Var

Revenue 179.5 178.4 -0.6% 114.9 128.9 12.1% 2.5 2.0 -22.9% 296.9 309.2 4.1%

Gross Margin 43.0 36.9 -14.1% 28.57 36.1 26.2% 1.1 2.0 91.7% 72.6 75.0 3.3%

% 23.9% 20.7% 24.9% 28.0% 41.9% 104.2% 24.4% 24.2%

EBITDA 23.3 17.6 -24.4% 11.9 19.6 64.6% -0.6 2.1 -459.2% 34.6 39.2 13.5%

% 13.0% 9.9% 10.4% 15.2% -22.6% 105.1% 11.6% 12.7%

Maritime Infrastructure Consolidated

Logistic

(14)

Proforma Financial Summary (as of June)

Revenue

(S/. Millions)

EBITDA

(S/. Millions)

(15)

Proforma Financial Results of the main lines of business (millions of S/.)

jun-14 jun-15 Var jun-14 jun-15 Var jun-14 jun-15 Var jun-14 jun-15 Var

Revenue 179.2 175.7 -1.9% 118.1 130.6 10.6% 66.1 51.4 -22.3% 363.4 357.7 -1.6%

Gross Margin 43.0 36.9 -14.1% 29.82 36.6 22.6% 17.6 25.3 43.3% 90.4 98.7 9.2%

% 24.0% 21.0% 25.3% 28.0% 26.7% 49.2% 24.9% 27.6%

EBITDA 23.3 17.6 -24.4% 12.6 19.5 55.7% 14.2 18.0 27.1% 50.0 55.2 10.3%

% 13.0% 10.0% 10.6% 15.0% 21.5% 35.1% 13.8% 15.4%

Logistic Maritime Infrastructure Consolidated

(16)

Debt Structure

(USD millions)

(17)

Funding Culminated

 First Stage concluded through an issue of international bonds for

$ 110MM + $ 53MM contributed by the partners.

 The other stages are financed through trust fund flows that are regularly deposited.

The second stage comprises a gantry crane and two RTG cranes for $ 13MM.

Culminating in 2016.

Paita Port Terminal Concession

The National Port Authority (APN) approved the investments by TPE in Paita port terminal (Construction of new container dock with dredging within 13m, 300m berth, container yard of 12 hectares and installation of gantry cranes and other equipment low).

Begin of the Investment (2012) Completion of the Investment (2014)

(18)

Concession South Regional Airports (Aeropuertos Andinos del Perú)

 Concession financed with the Government.

 Investments made since the start of the concession to date amount to approximately US $ 65 MM including Compulsory Works, Equipment, Corrective maintenance.

Concession Co Financed by the

Government.

First stage

culminated

(19)

Concession Co Financed by the

Government

Chinchero International Airport Concession

Concession financed through Pay Per Work (PPO), Advance Payment Work - Certificate of completion (PAO-CAO).

 Currently in the implementation phase of engineering studies.

 It has signed a term sheet with an investment bank frontline to make a full underwriting of the operation and finance the construction and working capital as well as the necessary guarantees ($ 550MM).

 Financial close is expected in September 2015

40,000 m2 13 gates

IATA Service Level B 550

Millions US$

Investmen t

1,000 direct jobs

and many more indirect

9 million m3 earthmovi

ng

(20)

Inmobiliaria Terrano

 Work began during the second half of 2014

 Lima Airport Partners signed a contract for 17 years to allow a direct road of entry and exit to the Jorge Chavez International Airport for receiving and storing cargo.

WITHOUT LIMITS. Corporate Presentation, June 2015 Results

WITHOUT LIMITS

Corporate Presentation, June 2015 Results

ANDINO INVESTMENT HOLDING

Group of leading companies operating port

and airport infrastructure and offering logistic and maritime services.

AIH strategy creates value to the Peruvian

foreign trade through comprehensive services based on infrastructure, with an

experience of over 40 years.

 3 Concessions with the Government:

Paita’s Port (2009 – 2039)

5 Airports of South (2011 – 2036)

Chinchero–Cusco Airport (2014 – 2054)

 More than 2,900 employees

 CAGR 2010 – 2014

Sales 11.16%

EBITDA 17.6%

 + US$ 616 millions of Real Estate Portfolio

 25% of the shares of AIH listed on the Lima Stock Exchange (AIHC1).

 75% of the remaining capital is controlled by an investor group working together for over 40 years.

Highlights

 Aproximately 25% of the shares float in the Lima Stock Exchange (BVL). Main shareholders at the free float are Mediterraneo Fondo de Inversión Privada (Chile) (6.78%), Banco de Credito del Perú (2.79%), El Pacífico Vida Compañía de Seguros (1.44%).

 The remaining 75% of the capital is controlled by a group of investors who have been working together since the very beginning, more than 40 years ago.

Ownership

25%

75%

Float

Controlling Group

TOTAL 74.67%

Vargas Loret de Mola Family 37.44%

Matthies / Krefft / Krumdiek 37.22%

2014

1972

1980

1993

2005

2009

2011

2011

2012

2013

2007

History of growth for more than 4 decades

Maritime Logistic Infrastructure

 Operations in most private and public ports concession of Peru (ports, terminals, offshore platforms) and in the main rivers of the jungle

 Operations en Callao, Paita, Chiclayo, Matarani and Pucallpa

 30-year concession to operate the Port Terminal of Paita

 25-year concession to operate 5 airports located in southern Peru: Arequipa, Ayacucho, Juliaca, Puerto Maldonado, Tacna

40-year concession to build and operate the new international airport of Chinchero

 14 hectares adjacent to the Jorge Chavez International Airport, where Inmobiliaria Terrano will develop a logistic, commercial and hotel center (LimaHub Project).

Fleet of over 130 trucks to transport containers and project cargo.

Strategic Geographic Coverage

Concesión para construir y operar el aeropuerto de Chinchero por 40 años.

Operador Logístico líder en Perú con más de 33 años de

experiencia.

Fundada en 1972, Cosmos es el líder peruano en agenciamiento marítimo y estiba.

Oporsa desarrolla el proyecto Terminal

manejo de carga a granel.

Brinda servicios de manipuleo de carga, asistencia en Plataforma (Rampa) y Servicio de Embalaje y Custodia de Equipaje.

Agencia marítima que provee servicios de estiba y manipuleo de carga suelta y contenerizada.

Infraestructura Servicios Logísticos Servicios Marítimos

Incluye: Proyecta &

Inició operaciones en 2008 para implementar soluciones de habitabilidad.

Compañía especializada en servicios de practicaje, con más de 14 años de experiencia.

Penta Tanks se constituyó en 2010 para desarrollar y operar terminales de

almacenamiento de carga Supervisado por la SBS, Almafin

emite certificados de depósito para financiamiento de

mercadería (Warrants).

Brinda servicios de remolcaje, atraque y rescate de naves, así como control de derrames.

Terrano desarrolla el proyecto inmobiliario y de facilidades logísticas Lima Hub .

KUNTUR WASI

Contrato de Concesión para operar el Puerto de

Paita por 30 años. Flota de más de 130 camiones

para transporte de contenedores y carga de proyectos.

ASA es un agente de carga internacional para carga suelta, proyectos, contenedores y commodities.

Integrated business model

with an added value strategy

Supplier of the whole logistic chain

Multimodal Services

Storage Multimodal

TOTAL ^74.67%