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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of December 31, 2019

  • Quiñenco's interest: 52.2%
  • Book value of investment: Ch$328,553 million
  • Investment since: 2012
  • Employees: 3,649
  • Address

  • Av. Apoquindo 4800, Tower II, 18th floor, Las Condes, Santiago - Chile
  • Telephone: (56) 22731 8240

Sociedad Matriz SAAM S.A. (SM SAAM), in which Quiñenco has a 52.2% stake as of December 31, 2019, is a multinational company based in Chile.

With presence in 12 countries in America and over 79 ports from Canada to the Patagonia, SM SAAM provides services to international trade through three main business areas: Port Terminals, Tug boats and Logistics services.

Through its subsidiary SAAM Ports, the company manages and operates five terminals in Chile (Iquique, Antofagasta, San Antonio, San Vicente and Corral); and the ports of Guayaquil (Ecuador); Caldera (Costa Rica); Mazatlan (Mexico); Port Everglades, (United States) and Cartagena de Indias (Colombia). These terminals conduct various kinds of cargo transfer operations (containers, bulk, loose and project cargo), storage, services for empty containers, and supplementary logistics services, such as: container consolidation and de-consolidation, lashing and unlashing, appraisal and inspections, both during vessel loading and unloading.

In the Tug Boat area, SAAM has consolidated its leadership in America. Services include support to docking and undocking of vessels, assistance, salvage, towage and ferries, both onshore and offshore at the main ports of Chile, Mexico, Brazil, Uruguay, Ecuador, Guatemala, Costa Rica, Canada and Panama. During 2019, it strengthened its presence after acquiring Boskalis' stakes in the joint tug boat ventures in Brazil, Mexico, Canada and Panama.

In the Logistics business, the company provides transport, storage and airport services in Chile, Colombia, and Ecuador.

Until February 2012, SAAM was a subsidiary of Compañía Sud Americana de Vapores, CSAV. The spin-off of SAAM gave rise to SM SAAM, owner of 99.99% of SAAM’s shares. SM SAAM’s shares started to be traded on the Chilean stock exchanges on March 1, 2012.


in thousands of US dollars as of December 31 of each year
2018 2019
Sales 515,987 529,793
Operating income 80,772 99,592
Net income attributable to owners of the controller 49,607 57,780
Total assets 1,425,237 1,617,989
Total liabilities 504,870 789,241
Shareholder's equity attributable to owners of the controller 772,406 786,641

Distribution of EBITDA* by Segment

US$177 million as of December 31, 2019
*Corresponds to consolidated EBITDA. Percentage calculation excludes EBITDA from the Corporate area.

Ownership Structure

as of December 31, 2019