Asesores Financieros 2Q17 Results Presentation| August 2017 · 7 Consolidated revenues decreased mainly explained by a lower level of sales in the businesses of leasing and selling

Asesores Financieros

2Q17 Results Presentation| August 2017

Agenda

▪Results 2Q17

02Main

Consolidated

figures

03SK’s subsidiaries

Highlights

04Financial

Exhibits

01General Background

▪3

121

286

Company Overview

Source: Company

Note: The percents correspond to the ownership of Sigdo Koppers over its subsidiaries, as of March 2017

(1) Net Profit of 2011 have an extraordinary effect of US$157 millions mainly due to the sale of CTI

(2) Net Profit of 2013 have an extraordinary loss of US$29.2 millions mainly due to the sale of Sigdopack

Corporate Presentation |Sigdo Koppers .

Sales(US$ millions)

Consolidated EBITDA(US$ millions)

Net Profit (US$ millions)

Sigdo Koppers, Chilean conglomerate founded in

1960. One of the most dynamic and important

industrial groups in Chile. Our commitment is a

long term investment industrial approach, aiming to

be a comprehensive supplier of products and

services for the mining and industrial operations

worldwide.

SK ComercialIngeniería y

ConstrucciónEnaex Magotteaux

60,43% 60,72% 97,75% 87,20%

Enaex Magotteaux SK Comercial

SKBergéPuerto

VentanasCHBBSK Godelius

50,01% 58,19% 74,59% 40,00%

▪4

Corporate Governance

Ownership StructureBoard of Directors

Source: Santiago Stock Exchange. (1) Last 12 month

Corporate PresentationSigdo Koppers .

▪ Daily Average vol. traded (1): US$0.4 millions

▪ Market Cap: US$1.8 billions (As of Aug 28th 2017)

1. Juan Eduardo

Errázuriz Ossa

Chairman

2. Naoshi Matsumoto

Takahashi

Vicepresident

3. Horacio Pavez Aro

Director

4. Juan Andrés Fontaine

Talavera

Director

5. Canio Corbo Lioi

Independent Director

6. Jaime Vargas Serrano

Director

7. Norman Hansen Rosés

Director

Ownership structure as of Aug-17

5

ORE

PROCESSING

Supplier of products and services for the mining

✓ Strategic Focus: Provide products and

services for the mining and industry

✓ Involved in the main stages of the mining

value chain

✓ aprox. 75% of the SK’s Consolidated EBITDA

comes from the exposure to the mining activities

Corporate Presentation |Investment approach .

Anglo American - Minera Los Bronces:

…

MINING OPERATION SALES & LOGISTICSMINING

DEVELPOMENT

1 3 42

1 2 3 4+ + +

BHP Billiton - Minera Escondida:

1 2 3 4+ + +Codelco – Andina:

1 2 3+ +

Agenda

▪Results 2Q17

02Main

Consolidated

figures


Highlights

04Financial

Exhibits


7

▪ Consolidated revenues decreased mainly explained by alower level of sales in the businesses of leasing and selling ofmachinery (SK Comercial).

▪ Consolidated EBITDA amounted to US$122 millions, a drop of17%

✓ Higher level of EBITDA in Puerto Ventanas bygreater transfer of cargo.

▪ Net profit totaled US$30 millions (-33%), a decreaseexplained by:

✓ Lower performance of the Engineering andConstruction business due to the low level of activityand lower yields than expected in some works

✓ The negative impact of the increase in raw materials(ferrochrome and scrap) in Magotteaux

✓ Lower level of sales in the machinery distributionbusiness in Chile.

▪ Sigdo Koppers is executing plans of reorganization and costefficiency in its different subsidiaries

Highlights - June 2017▪

▪ Sigdo Koppers has a good consolidated Cash liquidity ofUS$268 millions and a conservative level of consolidated debt

▪ The net financial debt-to-EBITDA ratio is 3.1x and if we addconsortiums net profit is 2.9x

(1) EBITDA = Ganancia Bruta + Otros Ingresos por Función – Costos de Distribución - Gastos

de Administración – Otros Gastos por Función + Gastos de Depreciación y Amortización

(3) EBITDA Pro-forma: considera las utilidades de empresas relacionadas que no consolidan.

Results 2Q17

Jun-16 Jun-17 Var.

Sales 1.090.980 1.067.705 -2,1%

EBITDA (1) 147.530 122.238 -17,1%

EBITDA Margin 13,5% 11,4%

EBITDA Pro Forma (2) 169.223 140.147 -17,2%

Profi t (Loss ) 64.577 45.011 -30,3%

Sigdo Koppers Net Profit (non

recurrent)44.423 29.767 -33,0%

Dec-16 Jun-17 Var.

Total Assets 3.545.973 3.570.892 0,7%

Total Equity (3) 1.680.342 1.696.092 0,9%

Net Debt 810.854 832.057 2,6%

Net Debt / EBITDA 2,79 3,13

Net Debt / (EBITDA+Consortium) 2,55 2,94

ROE 6,70% 5,49%

ROCE 6,18% 5,40%

Consolidated Income StatementFigures in ThUS$

Agenda

▪Results 2Q17

02Main

Consolidated

figures


Highlights

04Financial

Exhibits


9

▪…

OPERACIÓNVENTA

Y LOGÍSTICA▪ DESARROLLO PROCESO

▪Resultados Sep-16

Main Subsidaries

60,43% 60,72% 87,2% 97,75%40,0% 50,01%

51,82%

53 años de experiencia en más de 300 proyectos de gran envergadura

(Presencia en Chile y Perú)

Producción de Nitrato de Amonio y Servicios de Tronadura

Venta, Arriendo y Servicio de Maquinaria de prestigiosas marcas

(Presencia en Chile, Perú Brasil y Colombia)

Comercialización de automóviles

(Presencia en Chile, Perú Argentina y Colombia)

Producción de Bolas de Molienda y Piezas de desgaste (casting)

(Presencia en 11 países)

Puerto de Carga a granel y combustible.

Dueña de 52% Fepasa (tpte. ferroviario)

Cadena de valor de la minería e industria

Results 2Q17

Ingeniería y Construcción SK


10

Results 2Q17

▪ Lower result of account of low activity level and lower than expected returns

▪ Advance in current works➢ Project of Desalinization plant for Escondida and Transmition line TEN/ECL in final phase.

➢ Works with problems of recovery of "claims“

▪ ICSK Brasil➢ Beginning of the construction of electric transmission lines in Brazil for State Grid in a consortium with

Alumini and Fujian.

▪ Backlog➢ Backlog equivalent to US$318 million (-32% compared to Mar-17). Main projects: TEN/Engie transmition

line, GEAlstom/substations assembly and Codelco/ underground Chuquicamata tunnels.

➢ Projects awarded by US$94 million (Jan-Jun 2017)

➢ Major projects awarded: Modification of tailings thickener (Minera Escondida), Talara Refinery

Modernization Project (PetroPerú) and the dismantling and assembly of transformers (Minera Escondida).

Jun-16 Jun-17 Var. 2Q16 2Q17 Var.

MM$ MM$ % MM$ MM$ %

Revenue 149.355 141.071 -5,5% 67.933 68.909 1,4%

EBITDA -2.660 -6.269 135,6% -3.856 -7.967 106,6%

EBITDA Margin -1,8% -4,4% -5,7% -11,6%

Pro-Forma EBITDA(*) 6.061 -4.138 -168,3% 2.030 -5.957 -393,5%

Pro-Forma EBITDA Margin 4,1% -2,9% 3,0% -8,6%

Control ler's net profi t 5.431 -5.577 -202,7% 2.459 -5.620 -328,6%

Horas

(Miles)

Horas

(Miles) Var.

Horas

(Miles)

Horas

(Miles) Var.

Total man-hours executed 8.318 8.175 -1,7% 4.228 4.418 4,5%

Ingeniería y Construcción Sigdo

Koppers

(*) Pro-Forma EBITDA: EBITDA + Related company profit

Puerto Ventanas

Puerto Ventanas

▪ Cargo Transfer (+16%)

➢ Higher Coal (+15%) and Cooper Concentrate transfers(+11%).

▪ Port business income reach US$32,64 million(+25%)

▪ Investments

➢ New warehouse for Cu Concentrate : started Dec-16.

➢ Upgrade Site No.3: advance 90% and expected startDec-17.

11

▪Resultados Sep-16Results 2Q17

Fepasa

▪ Mobilised load➢ Cargo movement of Cu Concentrate (+36%). New

contract with Codelco Teniente.

➢ Movement of wood pulp cargo (-32%), impactedby the collapse of the Toltén bridge on August 18,2016 (lower volumes and over costs). Thissituation will continue until the repair of thebridge by EFE. because of new contracts withArauco Forest.


ThUS$ ThUS$ % ThUS$ ThUS$ %

Revenue 63.343 67.063 5,9% 31.505 32.423 2,9%

EBITDA 16.317 19.929 22,1% 6.998 10.007 43,0%

EBITDA Margin 25,8% 29,7% 22,2% 30,9%

Control ler's net profi t 9.395 10.424 11,0% 4.504 4.966 10,3%

PVSA - Tons transferred 2.402.895 2.775.709 15,5% 1.153.279 1.305.017 13,2%

Fepasa - Th Ton-Km 609.552 477.779 -21,6% 305.968 234.183 -23,5%

Puerto Ventanas

Consolidated

12

Enaex

▪ Chemical business (Amonium Nitrate)

➢ Lower AN sales associated with lower consumption in Chile, together withlower consumption of certain deposits in the region and decreases in thePeruvian market.

➢ AN exports decreased 8%.

➢ Scheduled overhaul of Panna3 Plant: cost-based increases productionduring 1Q17.

▪ Rock Blasting Services

➢ Chile: more complex scenario with lower volumes in some clients. Miningproduction in Chile -9%.

➢ Brazil / Britanite: Slight economic recovery in Brazil and new awardedcontracts, particularly in mining, has increased sales volume.

▪ Davey Bickford:

➢ Lower revenues (-4%) explained mainly by lower sales in Chile and lessdynamism in the markets of Oceania, Europe and Africa.


Physical sales evolution (Thu Tons)

Results 2Q17



Revenue 346.556 339.871 -1,9% 170.297 185.225 8,8%

EBITDA 86.926 78.921 -9,2% 44.517 45.254 1,7%

EBITDA Margin 25,1% 23,2% 26,1% 24,4%

Control ler's net profi t 44.113 38.271 -13,2% 22.745 22.209 -2,4%

Enaex

▪ Volume➢ Grinding Balls Business: Higher volumes of HiCr, particularly in the

Cement market in Europe and mining in North America.

➢ Casting business: Casting higher volumes (+7%), particularly in aggregatesand mining.

▪ Quick increase in the price of FeCr and scrap at an international levelthat has not yet been completely transferred to customers, affectingthe margins both grinding balls and casting.

▪ Reorganization Plan➢ SG&A expenses decreased 6% compared to Jun-16 (-10% vs. Jun-15)

➢ New reorganization phase , focused in greater independence for regions.


Magotteaux

13

Results 2Q17


MUS$ MUS$ % MUS$ MUS$ %

Revenue 321.181 330.506 2,9% 151.090 162.765 7,7%

EBITDA 35.863 26.238 -26,8% 16.243 12.541 -22,8%

EBITDA Margin 11,2% 7,9% 10,8% 7,7%

Control ler's net profi t 12.363 5.236 -57,7% 5.453 1.508 -72,4%

Magotteaux Group

Jun-16 Jun-17

Mil l Bal ls 157.144 158.312 0,7%

Casting 24.193 25.887 7,0%

Total 181.336 184.200 1,6%

Magotteaux

Group

Var.

%

14

SK Comercial

▪ Machinery Distribution Business➢ Machinery sales in Chile remain depressed (-19% units vs. Jun-16).

➢ Mainly the industrial machinery market (-37% units vs. Jun-16).

▪ Machinery Rental Business➢ Fleet: US$161 million (-10% vs. Dec-16)

➢ Rental markets in Chile and Peru has been adjusted downward.

➢ SKRental continues in a fleet reduction strategy in Chile and Peru to fit the sizeof the market and lower investment cycle.

▪ Corporate reorganization➢ Continuing a project to reduce costs and synergies between different

subsidiaries of SKC, Jun-17 reports US$1,6 million higher costs for thisconcept.

➢ Synergy projects in warehouses and workshops.

➢ Rationalisation of branches and maximizing the use of offices andoperations in Lampa (headquarters).

▪Resultados Sep-16 Results 2Q17



Revenue 153.146 121.938 -20,4% 75.415 59.539 -21,1%

Distribution Business 100.621 76.970 -23,5% 49.483 38.664 -21,9%

Rental Business 54.834 47.777 -12,9% 28.142 18.130 -35,6%

Consolidation adjust -2.309 -2.809 0,0% -2.210 2.745 0,0%

EBITDA 16.395 9.923 -39,5% 8.137 4.580 -43,7%

EBITDA Margin 10,7% 8,1% 10,8% 7,7%

Control ler's net profi t -4.462 -6.062 35,9% -2.453 -3.321 35,4%

SK Comercial

SK Inversiones Automotrices

▪ SKIA had profits of MM$9,724 Chilean Pesos(US$15 millions) (+57%).

✓ Result explained by higher margins of SKBergé inChilean market (Positive effect of exchange rate)

✓ Higher sales volume in Chile, Peru and Colombia

▪ SKBergé accounted sales for 37,210 units, anincrease of 18% compared to June 2016.

✓ Higher level of sales in Chile: 20,187 units(+31%).

✓ Higher sales performance abroad: 17,023 units(+ 6%).

▪ In Chile, ANAC recorded sales of 162,663 units in2Q17 (+ 16%).

▪ High growth potential in countries such as Peruand Colombia


15

Perú

Argentina

Chile

Colombia


MM$ MM$ % MM$ MM$ %

Control ler's net profit 6.203 9.724 56,8% 2.897 4.659 60,8%

SK Inversiones

Automotrices

Agenda

▪Results 2Q17

02Main

Consolidated

figures


Highlights

04Financial

Exhibits


Sigdo Koppers Income Statement

17



Sales 1.090.980 1.067.705 -2,1% 520.592 542.041 4,1%

Sales expenses -842.057 -846.546 -0,5% -400.366 -434.232 -8,5%

Gross income 248.923 221.159 -11,2% 120.226 107.809 -10,3%

Other operating income 13.535 12.186 -10,0% 7.173 7.863 9,6%

Distribution costs -40.993 -36.191 11,7% -18.812 -17.885 4,9%

Administrative expenses -116.130 -114.925 1,0% -58.729 -58.137 1,0%

Other operating expenses -19.127 -15.965 16,5% -13.407 -9.615 28,3%

Operating income 86.208 66.264 -23,1% 36.451 30.035 -17,6%

EBITDA 147.530 122.238 -17,1% 67.586 57.419 -15,0%

% EBITDA Margin 13,5% 11,4% 13,0% 10,6%

Interest income 1.808 2.194 21,3% 846 1.073 26,8%

Interest expenses -26.242 -26.680 -1,7% -12.849 -13.482 -4,9%

Related companies income 21.693 18.029 -16,9% 12.926 10.095 -21,9%

Exchange differentials 2.772 -495 -117,9% 1.699 -1.056 -162,2%

Price - level restatement -1.444 -392 72,9% -219 -260 -18,7%

Other income (losses) -292 -1.805 -518,2% -453 -1.632 -260,3%

Gain (losses) between book value and fair

value (financial assets) - - - -

Income before taxes 84.503 57.115 -32,4% 38.401 24.773 -35,5%

Income tax -19.926 -12.104 39,3% -8.831 -4.393 50,3%

Income 64.577 45.011 -30,3% 29.570 20.380 -31,1%

Gain (losses) from uncontinnued

operations - - - -

Net income 64.577 45.011 -30,3% 29.570 20.380 -31,1%

Income attributable to Sigdo Koppers 44.423 29.767 -33,0% 20.462 13.461 -34,2%

Income attributable to non-controlling

interests20.154 15.244 -24,4% 9.108 6.919 -24,0%

Sigdo Koppers

Consolidated Income Statement

Figures in ThUS$ Cifras en MUS$

Revenue Sigdo Koppers

18


(1)Magotteaux’s figures include income of SKSabo Chile S.A. The profits attributable to the controller were adjusted in the different companies

through which Sigdo Koppers controls Magotteaux.

(2) SK Inversiones Automotrices S.A. (SKIA) does not account for the income of SKBergé because it holds 40% of its shares and, therefore,

does not consolidate its financial statements.

(3) Eliminations and adjustments as of June are mainly the result of consolidated intercompany eliminations

Area Servicios

Area Industrial

Area Comercial

y Automotriz

Results 2Q17


Services 279.871 280.930 0,4% 132.061 136.136 3,1%

Ingeniería y Construcción SK 216.528 213.867 -1,2% 100.556 103.713 3,1%

Puerto Ventanas 63.343 67.063 5,9% 31.505 32.423 2,9%

Industrial 669.345 671.818 0,4% 322.179 348.695 8,2%

Enaex 346.556 339.871 -1,9% 170.297 185.225 8,8%

Magotteaux (1) 321.181 330.506 2,9% 151.090 162.765 7,7%

SK Inv. Petroquímicas 1.608 1.441 -10,4% 792 705 -11,0%

Commercial & Automotive 153.146 121.938 -20,4% 75.415 59.539 -21,1%

SK Comercial 153.146 121.938 -20,4% 75.415 59.539 -21,1%

SKIA (2) - - - - - -

Parent company & adjustment(3) -11.382 -6.981 -38,7% -9.063 -2.329 -74,3%

Consolidated Sales 1.090.980 1.067.705 -2,1% 520.592 542.041 4,1%

Figures in ThUS$Revenue

Business Areas

Figures in ThUS$

Revenue by country (incl. SKBergé)▪D

19


▪ June 2017

▪June 2017

Results 2Q17

Chile Perú Colombia Brasil Asia Norte America Europa Otros Países

MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$

Área Servicios 86,7% 13,3% 0,0% 0,0% 0,0% 0,0% 0,0% 0,0%

Ingeniería y Construcción SK 82,9% 17,1% - - - - - -

Puerto Ventanas 100% - - - - - - -

Área Industrial 41,3% 1,2% 0,3% 10,8% 9,5% 12,5% 20,9% 3,4%

Enaex 67,6% 2,2% 0,7% 12,7% - - 14,2% 2,6%

Magotteaux 11,9% - - 8,9% 20,0% 26,4% 28,4% 4,4%

SK Inv. Petroquímicas 100% - - - - - - -

Área Comercial y Automotriz 57,4% 31,8% 6,4% 0,3% 0,0% 0,0% 0,0% 4,1%

SK Comercial 83,3% 13,3% 1,8% 1,6% - - - -

SKIA 51,6% 36,0% 7,4% - - - - 5,0%

Ventas Empresas SK 56,2% 17,3% 3,1% 4,2% 3,5% 4,7% 7,8% 3,2%

Ventas

Áreas de Negocios

Chile Perú Colombia Brasil Asia Norte America Europa Otros Países

MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$ MUS$

Área Servicios 87,2% 12,8% 0,0% 0,0% 0,0% 0,0% 0,0% 0,0%

Ingeniería y Construcción SK 83,1% 16,9% - - - - - -

Puerto Ventanas 100% - - - - - - -

Área Industrial 37,3% 4,3% 0,1% 12,3% 6,2% 16,4% 17,6% 5,8%

Enaex 62,0% 8,5% 0,2% 15,4% - - 9,5% 4,4%

Magotteaux 11,6% - - 9,2% 12,7% 33,3% 25,9% 7,2%

SK Inv. Petroquímicas 100% - - - - - - -

Área Comercial y Automotriz 59,3% 27,0% 7,3% 0,4% 0,0% 0,0% 0,0% 5,9%

SK Comercial 92,1% 2,7% 2,1% 3,2% - - - -

SKIA 54,0% 31,0% 8,2% - - - - 6,9%

Ventas Empresas SK 55,5% 16,5% 3,5% 4,8% 2,3% 6,0% 6,5% 4,9%

Ventas

Áreas de Negocios

EBITDA Sigdo Koppers

20


(1) Magotteaux’s figures through December include the EBITDA of SK Sabo Chile S.A.

(2) SK Inversiones Automotrices S.A. (SKIA) does not account for the EBITDA of SKBergé because it owns 40% of its shares and, therefore, it

does not consolidate its financial statements.

(3) Pro Forma EBITDA = EBITDA + Related Company Profits.

Area Servicios

Area Industrial

Area Comercial

y Automotriz

Results 2Q17


Services 12.184 10.425 -14,4% 1.434 -2.091 -245,9%

Ingeniería y Construcción SK -4.083 -9.504 132,8% -5.564 -12.098 117,4%

Puerto Ventanas 16.267 19.929 22,5% 6.998 10.007 43,0%

Industrial 123.402 105.918 -14,2% 61.211 58.158 -5,0%

Enaex 86.615 78.921 -8,9% 44.517 45.254 1,7%

Magotteaux (1) 35.863 26.238 -26,8% 16.243 12.541 -22,8%

SK Inv. Petroquímicas 924 759 -17,9% 451 363 -19,5%

Commercial & Automotive 16.785 9.882 -41,1% 8.102 4.558 -43,7%

SK Comercial 16.843 9.923 -41,1% 8.137 4.580 -43,7%

SKIA (3) -58 -41 -29,3% -35 -22 -37,1%

Parent company & adjustment -4.841 -3.987 -17,6% -2.708 -1.574 -41,9%

Consolidated EBITDA 147.530 122.238 -17,1% 68.039 59.051 -13,2%

EBITDA Margin 13,5% 11,4% 13,1% 10,9%

Consolidated pro-forma EBITDA 169.223 140.147 -17,2% 80.965 69.146 -14,6%

Figures in ThUS$EBITDA

Business Areas

Figures in ThUS$

169,

2

140,

1

14,8

3,7

9,66,9

5,8

0,77,7

20

40

60

80

100

120

140

160

180

Pro-Forma EBITDA

decreased a 168% in

CLP due to lower level of

activity in the mining

sector (BSK) and Works

with problems of

recovery of "claims"

Lower performance of

rental business (-29%)

and distribution (-95%)

Lower physical sales

and lower operating

margin because of

plant maintenance

Rapid increase of raw material affected

the margins in business of grinding

balls and casting.

21

EBITDA Pro-FormaBy business área: Jun-16 v/s Jun-17 ( K US$ )

▪Results 2Q17

-17.2%

Higher margins and

volumes

Higher operational

profit on PVSA

(+3.8 MUS$) and

in Fepasa

(+0.5 MMUS$)

Sigdo Koppers’ Net Profit

22


(1) Magotteaux’s figures include income of SK Sabo Chile S.A. The profits attributable to the controller were adjusted in the different companies through

which Sigdo Koppers controls Magotteaux.

(2) The profit of CHBB was adjusted in SK Inversiones Petroquímicas S.A. through which Sigdo Koppers controls CHBB.

Services

Industrial

Commercial &

Automobile

Results 2Q17

Jun-16 Jun-17 Var. Jun-17 Jun-16 Jun-17 Var.

Services 17.269 1.969 -88,6% 9.761 216 -97,8%

Ingeniería y Construcción SK 7.874 -8.455 -207,4% 60,43% 4.758 -5.140 -208,0%

Puerto Ventanas 9.395 10.424 11,0% 50,01% 5.003 5.356 7,1%

Industrial 57.064 44.033 -22,8% 37.627 26.818 -28,7%

Enaex 44.113 38.271 -13,2% 60,72% 26.786 23.239 -13,2%

Magotteaux (1) 12.363 5.236 -57,7% 95,00% 10.354 3.143 -69,6%

SK Inv. Petroquímicas (2) 588 526 -10,5% 74,59% 487 436 -10,5%

Commercial & Automotive 4.532 8.691 91,8% 5.167 9.470 83,3%

SK Comercial -4.462 -6.062 -35,9% 87,20% -3.827 -5.283 -38,0%

SKIA 8.994 14.753 64,0% 99,99% 8.994 14.753 64,0%

SK companies profit 78.865 54.693 -30,6% 52.555 36.504 -30,5%

Parent company & adjusments -8.132 -6.737

Total consolidated profit 44.423 29.767 -33,0%

Total Companies Attributable to parent companyNet profit

Business Areas

% SKFigures in ThUS$ Figures in ThUS$

Sigdo Koppers Balance sheet

23


Dec-16 Jun-17 Var.

Current Assets

Cash and cash equivalent 299.606 267.989 -10,6%

Account and sales receivables 552.061 564.750 2,3%

Inventories 272.910 307.420 12,6%

Other current assets 39.385 29.878 -24,1%

Total current assets 1.163.962 1.170.037 0,5%

Long-term assets

Property, plants & equipment 1.187.522 1.190.907 0,3%

Other long-term assets 1.194.489 1.209.948 1,3%

Total long-term assets 2.382.011 2.400.855 0,8%

Total assets 3.545.973 3.570.892 0,7%

Current liabilities

Short-term financial debt 297.552 277.299 -6,8%

Accounts payable 299.555 305.509 2,0%

Other current l iabilities 131.180 150.865 15,0%

Total current liabilities 728.287 733.673 0,7%

Long-term liabilities

Long-term financial debt 812.908 822.747 1,2%

Other long-term liabilities 324.436 318.380 -1,9%

Total long-term liabilities 1.137.344 1.141.127 0,3%

Total liabilities 1.865.631 1.874.800 0,5%

Equity

Attributable to the controller 1.268.867 1.281.588 1,0%

Attributable to non-controlling interests 411.475 414.504 0,7%

Total equity 1.680.342 1.696.092 0,9%

Total liabilities and equity 3.545.973 3.570.892 0,7%

Consolidated Balance SheetFigures in ThUS$

Indicators Dec-16 Jun-17

Net Financial Debt 810.854 832.057

Working Capital 525.416 566.661

Working Capital Days 88 95

Days of Consolidated Inventory 58 66

Accounts Receivable (Days) 92 95

Accounts Payable Days 64 65

Net Financial Debt/ EBITDAFinancial Debt

24

Services

Industrial

Commercial &

Automobile

Parent Comp.

US$ 1,100 millions – Consolidated

US$ 832 millions – Net Financial Debt

Current 25%

Non Current 75%

Cash (US$ millions) Key financial Indicators

Conservative financial profile


▪ Consolidated Leverage: 1.11x

▪ Financial Net Leverage**: 0.49x

▪ Net Financial Debt/EBITDA: 3.13x▪ ND/(EBITDA+Consortium): 2.94x

▪ Rating: ✓ A+ Fitch-Ratings✓ AA- ICR

* Including CHBB, SK Inv. Automotrices S.A. y SK Internacional S.A.

** Corporate Bonds Covenant < 1,2x

Results 2Q17

1,0

1,5

2,0

2,5

3,0

3,5

Dic-2011 Dic-2012 Dic-2013 Dic-2014 Dic-2015 Dic-2016 Jun-17

3,13x

2,94x

268

100

0

50

100

150

200

250

300

Consolidada Matriz *

Cash Flow of Sigdo Koppers

25


Jun-16 Jun-17 Var.

Operating cash flow 124.000 106.576 -14,1%

Investment cash flow -48.666 -50.354 3,5%

Capex -52.535 -48.915 -6,9%

Fixed assets sales 5.579 1.516 -72,8%

Other -1.710 -2.955 72,8%

Finance cash flow -91.082 -87.013 -4,5%

Net variation in financial l iabilities -22.797 -30.572 34%

Interest -14.903 -18.293 22,7%

Dividends -56.258 -39.761 -29,3%

Capital increased 0 131

Other 2.876 1.482 -48,5%

Total net cash flow -15.748 -30.791 -95,5%

Effect of exchange rate changes 3.360 2.748 -18,2%

Cash and cash equivalent 227.168 253.352 11,5%

Consolidated

Cash Flow

Figures in ThUS$

CAPEX

26

▪

Major investments in Fixed Assets:

▪ Puerto Ventanas:

✓ Ramp up of copper concentrate warehouse of

46,000 Tons capacity

✓ Upgrade of Site #3 (total investment US$32

million, 90% completion)

▪ Enaex:

✓ Overhaul and Upgrade in Prillex plant (Panna 3)

(US$ 2.5 million)

✓ Construction plant in Los Bronces (US$ 2.6 million)

✓ Construction of a modular emulsion plant in the

USA (US$ 1.6 million)

▪ SK Comercial: Defleeting (divestment) of fleet of SKRental.

(1) Capex Neto: El Capex de SKC incluye la venta de maquinaria usada de SK Rental

Results 2Q17

Jun-16 Jun-17

MUS$ MUS$

Área Servicios 23.814 19.046

Ingeniería y Construcción SK 2.567 1.993

Puerto Ventanas 21.247 17.053

Área Industrial 29.940 27.893

Enaex 15.226 21.330

Magotteaux 14.714 6.563

SK Inv. Petroquímicas - -

Área Comercial y Automotriz -23.737 -27.101

SK Comercial (1) -23.737 -27.101

SKIA - -

Capex Empresas SK 30.016 19.838

Capex

Áreas de Negocios

▪Asesores Financieros

Results Presentation

Documents

Asesores Financieros 2Q17 Results Presentation| August 2017 · 7 Consolidated revenues decreased mainly explained by a lower level of sales in the businesses of leasing and selling