Grupo Argos, the holding company of the listed companies Argos (cement) and Celsia
(energy) and with investments in ports, real estate and other sectors of the economy, in
2013 obtained satisfactory results in the economic, social and environmental subjects. Grupo Argos generates more than 10 thousand jobs across its businesses and will commemorates its 80 year next February 27th
Revenues up to 7.6 trillion pesos, an increase of 14%.
Operating profit close to 1,3 trillion pesos an increase of 24%
Consolidated EBITDA totalized 1,9 billion pesos an increase of 18%.
Net income up to 295 billion pesos, an increase of 95% in comparison to 2012, excluding the non-recurring income and comparing the net recurring income of both years.
Assets up to 27.4 trillion pesos.
More than 10,000 employees at year-end between the parent company and all of its subsidiaries.
Grupo Argos and its subsidiaries invested in sustainably strategies and programs more than 76 billion pesos during 2013.
Sustainable results 2013: In 2013 Grupo Argos joined the Dow Jones Sustainability Index-World (DJSI).
The company was included in the GC 100, a new world stock market index that selects the companies with more adhesion to the ten principles of the Global Compact
For its sustainability management in the previous year, Grupo Argos received the award Silver Class in Sustainability Yearbook 2014 from RobecoSAM firm, this award recognizes good practice in sustainability of companies listed on market. RobecoSAM is a private entity that evaluates independently companies participating in the Dow Jones
Sustainability Index.
Argos reported positive results in 2013´s accumulated results. This was attributed to the increasingly evident recovery of the US economy, as well as positive market dynamics in the Colombia, Caribbean and Central America Region s, and operational efficiency goals accomplished during the year.
Energy Business
Celsia closed out a year of outstanding results thanks to the power-generation mix of technologies (thermo and hidro), reaching historical records in generated energy with
10% of the Colombian market's total demand. Another important point to highlight is that in the fourth quarter the company reorganized its capital structure with the
ordinary bond issuance in the local securities market .
Compas continued the investment plan in its facilities, highlighting the completion of the construction of three warehouses for specialized solid bulk handling in the Compas facility in Tolú, the beginning of the construction of the 21-kilometer road
that connects to the main Cali - Buenaventura road, the work concluded in Aguadulce facility (dredging to increase the depth of the access channel and maneuvering
areas) and the beginning of the operations to ship crude oil began in the terminal of
Barranquilla.
Situm continued the growth in the urbanism line, where it is highlighted the project Portal del Genovés - Stage II project in the municipality of Puerto Colombia, near to Barranquilla city and also the project Portal Empresarial Norte is ready to start. In the property line, progress continued at the Viva Villavicencio project, closing the year at
53% execution. Similarly, the company signed a promissory contract for sale and purchase at the end of last year to acquire an important package of retail establishments and offices in the Mayorca Shopping Mall's future phase for 65 million dollars.
GRUPO ARGOS S.A.
NON-CONSOLIDATED P&L STATEMENT YTD at December
In millions of Colombian pesos or US dollars
dec-13
Operating revenues
US$ dollars
Dividends and participations Revenues via equity method Revenue from sales of investments Real Estate Business Revenues
Cost of selling off investments Cost of selling off investments Real Estate Business Costs
Gross profit
Gross margin
Operating expense Expense via equity method Administrative ex pense Provisions for investments Depreciation and amortization
Operating profit
Operating margin
EBITDA
US$ dollars
EBITDA margin
Non-operating revenues
Other income
Non-operating expense
Financial
Retirement pensions
Other ex pense
(loss) profit exchange rate
Pre-tax earnings
Provision for income tax
Net income US$ dollars Net margin
517.303
2n
82.659
318.718
57.603
58.323
69.517
49.133
20.384
447.786
86,6%
90.241
18.537
63.286
6.260
2.158
357.545
69, 1%
359.703
193
69,5"/o
43.588
43.588
81.560
65.037
959
15.564 (8.317)
311.256
16.306
294.950
158
57,0%
GRUPO ARGOS S.A
NON-CONSOLIDATED BALANCE SHEET In millions of Colombian pesos or US dollars
dec-12
Cash and equivalents Accounts receivable Inventories
Diferidos
CURRENT ASSETS Permanent investments
Deudores
Inventories
lntangibles and deferred items Property, plant and equipment, net Appraisals
Other assets
NON-CURRENT ASSETS TOTAL ASSETS
US$ dollars
Financial obligations
Commerciai Papers
Suppliers and accounts payable
Dividends payable Taxes and rates Labor liabilities Other liabilities
CURRENT LIABILITIES
Financial obligations Convertible bonds Taxes and rates Labor liabilities
Other liabilities
NON-CURRENT LIABILITIES TOTAL LIABILITIES
US$ dollars
SHAREHOLDERS' EQUITY US$ dollars
TOTAL LIABILITIES + SHAREHOLDERS' EQUITY
92.302
203.010
57.744
89
353.145
8.189.320
35.732
o
90.623
90.149
6.708.915
1.500
15.116.239
15.469.384
8.028
373.158
o
71.408
48.549
12.057
1.712
48.618
555.502
445.109
694.448
o
2.191
53.595
1.195.343
1.750.845
909
13.718.539
7.120
15.469.384
GRUPO ARGOS S.A CONSOLIDATED P&L STATEMENT YTD at Oecem ber
In millions of Colombian pesos or US dollars
Operatlng revenues
US$ dollars
Variable costs
Cost of goods sold
Depreciation and amortization
Gross Profit
Gross margin
Overheads Administrative expense Selling expense
Depreciation and amortization
Operating Profit
Operating margin
EBITDA
US$ dollars
EBITDA margin
Non-ope rating revenues
Dividends and stakes
Profits from sales of investments other income
Non-ope rating expe nse Net financial expense other expense
Exchange difference
Pre-tax earnings
Provision for taxes
M inority interest
Net lncome US$ dollars Net margin
dec-13
7.629.359
4.082
5.536.545
5.059.721
476.824
2.092.814
27,4%
745.297
484.923
177.694
82.680
1.347.517
17,7%
1.907.021
1.023
25,0%
357.174
36.439
58
320.677
603.418
327.025
276.393
12.156
1.113.429
425.404
393.075
294.950
158
3,9%
GRUPO ARGOS S.A. CONSOLIDATEC BALANCE SHEET
In millions of Colombian pesos or US dollars
dec-13
Cash and equivalenls Trade receivables Accounls receivable, nel ln .enlories
Prepaid expenses
CURRENT ASSETS
Permanenlinveslmenls
Accounls receivable ln .enlories
Deferred ilems and inlangibles Property, planiand equipmen,l nel Appraisals
Olher assels
NON-CURRENT ASSETS
TOTAL ASSETS US$ dollars
Financial obligalions Bonds oulslanding Commerciai Paper
Suppliers and accounls payable
DiAdends payable Taxes and rales Labor liabililies Sundry credilors Olher liabililies
CURRENT LIABILITIES
Financial obligalions Taxes and rales Labor liabililies Deferred ilems
Bonds oulslanding
Bond placemenlpremium
Sundry credilors
NON-CURRENT LIABILITlES TOTAL LIABILITIES
US$ dollars
Mlnorlty lnterest
US$ dollars
SHAREHOLDERS' EQUITY US$ dollars
TOTAL LIABILITIES + SHAREHOLDERS' EQUITV
1.526.948
811.657
471.676
497.973
35.940
3.344.194
1.001.182
10.518
85.247
2.732.394
7.566.366
12.656.081
19.353
24.071.141
27.415.335
14.228
720.914
204.182
o
742.605
103.212
304.355
87.119
27.554
668.750
2.858.691
1.063.692
o
326.510
94.927
3.840.671
-6.568
55.107
5.374.339
8.233.030
4.273
6.741.142
3.499
12.441.163
6.457
27.415.335
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