Corferias S.A With a tradition of 60 years, has established itself as the main professional and international operator of fairs and events in Colombia, the Andean Community, Central America and the Caribbean, by virtue of the infrastructure modernization strategy and technological foundations, the innovation and internationalization dynamic and the social and environmental projection of its management.
Strengths The world-class infrastructure, which has the largest exhibition area in the • country, and its services platform fully satisfy clients' needs. • They hold innovative fairs to generate business contacts and networking through the proper management of announcements and promotion of exhibitors and buyers.
Sustainability/Corporate Social Responsability Policy Corferias has a corporate Social and Environmental Responsibility policy focused on the relationship with the neighboring community. The objective is to introduce sustainability principles on the company ´ s activities and to reduce the impact on the surrounding areas.
Events organization and Service provision We have an integrated service offering for the development of exhibitions, events and conventions, from its design to its implementation. We propose and execute innovative ideas consistent with client needs. Our basic and value added service platforms offer excellent state-of-the art solutions for all types of events, ensuring a unique and innovative experience.
Progress Infrastructure • Agora Bogota established the beginning of its operations for the third quarter of 2017, that was traduced in an important effort made by all the members related to this Project (Cámara de Comercio, Corferias y Gobierno Nacional) to accomplish the Schedule of all the events planned. • Corferias Hilton hotel started the main phase of its construction. This project accomplished all the execution goals made by the government. The results where over the 61% of the total execution. • In the active border during the first semester of the year the surface foundation was completed. For the second semester, the details and public space construction phase started.
Progress Quality and internal control system Corferias has a Quality Management System certified under the requirements of ISO 9001 version 2008. In • addition, the Quality department did the trainings related to the updates of the ISO 9001 version 2015. • In 2017, the Corporation received the first follow-up audit by the Bureau Veritas certifying body, and no non- conformities or observations were identified. • The Corporation has maintained the strategy of validating and certifying its different statistics through the fiscal review firm KPMG Ltda, with the purpose of having accurate, transparent and reliable information about the different indicators of the trade fair activity
Financial Information Profits 50.000 45.000 40.000 Millions of pesos 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0 2014 2015 2016 2017 Earnings before taxes 33.434 38.026 45.426 31.842 Net profit 27.747 32.087 33.920 22.767 (*) Values under IFRS
Financial Information Revenue 140.000 120.000 Millions of pesos 100.000 80.000 60.000 40.000 20.000 0 2014 2015 2016 2017 Events Revenue 89.370 97.100 103.018 131.309 Management revenue 18.257 24.402 23.068 19.167 (*) Values under IFRS
Financial Information Ratios 2017 Liquidity 0,67 Current ratio 2017 Debt 33,92% Debt level 20,66% Short term debt concentration 36,30 Interest coverage
Financial Information Ratios 2016 2017 Leverage 0,24 0,51 Total leverage 0,13 0,16 Short term leverage 2016 2017 Activity 9,37 8,84 Account receivable turnover 38,43 40,72 Average payback period 2016 2017 Performance 26,90% 15,13% Net profit margin 7,09% 4,70% Return over equity
Income statement Consolidated to Dic de 2017 2016 2017 % Var Gross margin Incomes from ordinary activities 126.085.787 150.475.721 19% 𝐻𝑠𝑝𝑡𝑡 𝑞𝑠𝑝𝑔𝑗𝑢 = 99% Cost of sales 1.786.987 1.942.336 9% 𝑂𝑓𝑢 𝑡𝑏𝑚𝑓𝑡 Gross Profit 124.298.800 148.533.385 19% Other incomes 21.519.004 2.502.872 -88% Operational margin Management expenses 45.492.778 51.322.027 13% Sales expenses 53.691.723 66.030.838 23% 𝑃𝑞𝑓𝑠𝑏𝑢𝑗𝑝𝑜𝑏𝑚 𝑞𝑠𝑝𝑔𝑗𝑢 Other expenses 1.119.951 483.620 -57% = 22 % 𝑂𝑓𝑢 𝑡𝑏𝑚𝑓𝑡 Operational Profit 45.513.352 33.199.772 -27% Financial incomes 1.561.400 1.356.309 -13% Net margin Financial expenses 1.649.120 2.714.320 65% 𝑂𝑓𝑢 𝑞𝑠𝑝𝑔𝑗𝑢 𝑂𝑓𝑢 𝑡𝑏𝑚𝑓𝑡 = 15 % Earnings before taxes 45.425.632 31.841.761 -30% Taxes 11.505.920 9.074.585 -21% Net profit 33.919.712 22.767.176 -33% (*) Values in thousands of pesos.
Statement of financial situation Consolidated to Dic de 2017 Assets Liabilities Equity 2% 4% 9% 20% 2% 484.396.540 248.646.784 17% 21% 63% Current assets Other financial assets 733.043.324 Related investments Intangible Porperty, plant and equipment Investment properties (*) Values in thousands of pesos. 20% 42% Current liabilities Financial Liabilities Other liabilities Liabilities due to deferred taxes
Razones de Deuda a Diciembre 2017 Liabilities Debt ratio 𝑈𝑝𝑢𝑏𝑚 𝑚𝑗𝑏𝑐𝑗𝑚𝑗𝑢𝑗𝑓𝑡 = 34% 𝑈𝑝𝑢𝑏𝑚 𝑏𝑡𝑡𝑓𝑢𝑡 Debt to equity 𝐺𝑗𝑜𝑏𝑜𝑑𝑗𝑏𝑚 𝑚𝑗𝑏𝑐𝑗𝑚𝑗𝑢𝑗𝑓𝑡 = 11,8 % 𝐹𝑟𝑣𝑗𝑢𝑧 Autonomy ratio 𝐹𝑟𝑣𝑗𝑢𝑧 𝑈𝑝𝑢𝑏𝑚 𝐵𝑡𝑡𝑓𝑢𝑡 = 66 % Current No current
COMITÉ DIRECTIVO Andrés López Valderrama CEO Mario Cajiao Pedraza Mauricio Paredes García Planning and Corporate affairs Vicepresident Operations and Managing Director Roberto Vergara Restrepo Martín Camargo Pérez International Business Director Technical and Infrastructure Director Natalia Riveros Castillo Patricia Sandoval General Secretary Internal Audit Marisol Suarez Laverde Alexandra Torres Asch Dairs Director Marketing and Sales Manager – Ágora Bogotá Juan Esteban Perez Elizabeth Arias Ávila Executive Director – Puerta de Oro Communications and Advertising Chief
Contact
Recommend
More recommend
