CORPORATE PRESENTATION
September 2023
EMPRESAS COPEC AT A GLANCE
Chilean industrial group focused in natural resources and energy
Units | FORESTRY | ||
• | Second largest global market pulp producer | ||
Business | • | Second largest global wood panels producer | |
• Largest sawn timber producer in LatAm
ENERGY
- Main distributor of liquid fuels in Chile and Colombia
- Largest distributor of liquefied gas in Chile, Colombia, Peru and Ecuador
- Stake in the largest natural gas distributor in Chile
OTHERS
• | Participates in metal mining |
• | Operations in the fishing industry |
Consolidated EBITDA
Energy 50%
Total of | |
Forestry | US$ 2,416 |
million | |
48% | |
Others 3%
Pulp & Forestry; 21%
Wood Products; 26%
Liquid Fuels; 42%
LPG; 7%
Others; 3%
Consolidated Assets
Others; 8%
Energy; | Total of | |
30% | ||
US$ 28,400 | Forestry; | |
million | ||
62% | ||
Market capitalization of Chilean companies(*) |
US$ million
14.176
11.688 10.536
9.395 | 8.591 |
5.217 | 5.214 | 5.072 | 4.962 |
Americas
Member of the most relevant global indexes in sustainability
Source: Empresas Copec, Bloomberg, RISI. Figures LTM as of September 2023. * Market Cap as of November 14th, 2023. | 2 |
EMPRESAS COPEC AT A GLANCE
Flagship companies in energy and natural resources
ANGELINI GROUP | 75.15% |
24.85% OTHERS
60.82%
PENSION FUNDS | 10.10% |
FORESTRY | ENERGY | |||
99.99% | 39.83% | |||
100.00% | 99.20% |
100.00% 58.51%
40.80% 12.00%
29.08% OTHERS
FISHING | OTHER INVESTMENTS |
82.37%
39.83%
83.50% 39.79%
51.00% | 100.00% | 100.00% |
As of September 2023
3
HISTORY
Nine decades delivering value to stakeholders
1934 | 1950-1960 | 1970-1980 | 1986 | 1986-2000 | 2000-2005 | ||||
Incorporation | Expansion in energy | Diversification | Entry of Angelini | Investments and | Consolidation and | ||||
group | growth | strategic focus | |||||||
• | Abastible | • | Forestry | • | Financial restructuring | • | Alto Paraná | • Angelini assumes control of the Company | |
• | Sonacol | • | Mining | • | Strategic Development | • | Arauco II | • Divestiture of shares in non-core businesses | |
• | Lubricants | • | Power distribution | Plan | • | Licancel | • Focus in energy, forestry and fishing | ||
• | Fishing | • | Metrogas |
2003
Corporate restructuring
2005-2010
A world scale player
2010-2021
Internationalization in core segments
Creation of Empresas Copec
Arauco becomes the second largest market pulp producer in the world and the third main panel producer
- Expansion of liquid fuels to Colombia, Panama, Dominican Republic, Ecuador, Peru and the US
- Montes del Plata pulp mill in Uruguay(1)
- Growth of the panel business in Brazil, Mexico, US and Europe
- Expansion of LG business to Colombia, Peru and Ecuador
- Consolidation of the lubricant business throughout Latam
- Mina Justa world class project in copper mining in Peru
Source: Empresas Copec
(1) Arauco participates in a joint venture with Stora Enso (50% participation each)
4
COMPETITIVE ADVANTAGES
COMPETITIVE ADVANTAGES
Arauco has a well-balanced exposure to different fibers and is among the most efficient producers in the world
LOW PULP CASH COST
EXPOSURE TO DIFFERENT FIBERS
DP
BSKP | BHKP | ||||||||||||||||||||
13%BSKPDP
700
Int. West Canada |
Sweden |
Other Europe |
26%
9%
BSKP
20%
US$/ADt Cash Cost CIF mill
600
500
400
300
200
0
East Canada | US Japan |
Finland | |
US Coastal BC | China |
Japan | Bel/France |
Finland | |
Sweden | |
East Europe | Canada |
Iberia | |
East Europe | |
Chile | |
Other World | Chile/Uruguay |
Other Asia | |
Brazil | |
Indonesia |
5.000 10.000 15.000 20.000 25.000 30.000 35.000 40.000 45.000
Capacity | Post MAPA | Capacity | ||||||||
4.0 million | 5.3 million | |||||||||
EKP | ||||||||||
Adt | Adt | |||||||||
39% | UKP | EKP | ||||||||
54% | ||||||||||
13% | ||||||||||
Fluff | ||||||||||
9% | ||||||||||
SHORT HARVESTING CYCLE | ||||||||||
Softwood (years) | Hardwood (years) | |||||||||
75 | ||||||||||
45 | 11 | |||||||||
7 | ||||||||||
UKP 10%
Fluff 7%
38
Annual capacity (000s ADt)
Canada Finland | Brazil | Portugal | Finland |
Hawkins Wright, as of December 2022
Source: Empresas Copec
6
COMPETITIVE ADVANTAGES
Arauco has an integrated production system and strong logistical efficiencies
MAXIMIZING THE VALUE OF EVERY TREE | EFFICIENT LOGISTICS BETWEEN FORESTS→ MILLS→ PORTS | |
(1) Considers only export sales volumes, as of December 2021.
(2) Considers Arauco's Line 3 new capacity and Line 1 shutdown
7
COMPETITIVE ADVANTAGES
Arauco is a world scale player in pulp and panel industries
MARKET PULP INSTALLED CAPACITY**
Million tons
WORLD PANEL INSTALLED CAPACITY**
Million m3
Suzano
CMPC
International Paper
APRIL
Metsa Group
UPM-Kymmene
APP
Stora Enso
Georgia Pacific
5.2* 2nd
Kronospan
Egger
West Fraser
Kastamonu
Swiss Krono
Louisiana Pacific
Pfleiderer
Duratex
Georgia Pacific
8.6* | 2nd |
- Includes MAPA.
- December 2022
- Doesn't include plywood
- December 2022
8
COMPETITIVE ADVANTAGES
Copec's scale, efficiency and customer preference position the company as a leader for the long run
LARGE SCALE, COVERAGE AND SYNERGIES
- More than 3,372 gas stations*
- Distribution of 25.0 million m³ of liquid fuels**
- Import facilities
- Storage plants
- Industrial clients
- Convenience stores
- Lubricants
STRONG BRAND RECOGNITION
Favorite Brand | Usual Brand | |
Other | 87% | Other |
87% | ||
MARKET SHARE EVOLUTION
Copec Liquid Fuels, Chile
70%
60% 58.0%
50% 48.3%
40%
September 2023
NETWORK EFFICIENCY
MARKET SHARE EVOLUTION
Thousand m3 sold / gas station
10 |
8 |
6 |
4 |
Other players |
in Chile |
2 |
0 |
4 | Thousand m3 sold / gas station |
3 | |
2 | Other |
players in | |
Colombia | |
1 | |
0 |
Terpel Liquid Fuels, Colombia
42%
37%
December 2022
- Copec Chile + Terpel + Mapco
- Copec Chile+ Terpel+ Mapco. Figures as of December 2022 (L12M).
December 2022
9
COMPETITIVE ADVANTAGES
Leadership in different geographies allows capturing economies of scale1
FUELS DISTRIBUTION CHILE | LUBRICANTS DISTRIBUTION CHILE2 | FUELS DISTRIBUTION COLOMBIA | ||
42%
1st
58%
55%
1st
45%
41%
1st
59%
LG DISTRIBUTION CHILE | LG DISTRIBUTION COLOMBIA | LG DISTRIBUTION PERU3 | LG DISTRIBUTION ECUADOR | |||
21% | |||
38% | 35% | 41% | |
1st | 1st | 1st | 1st |
62% | 66% | 60% |
79% |
(1) | As of August 2023 | 10 |
(2) | As of July 2023 | |
(3) | As of June 2023 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
EC - Empresas Copec SA published this content on 17 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 17:44:58 UTC.