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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of December 31, 2021

  • Quiñenco's interest: 59.7%
  • Book value of investment: Ch$436,309 million
  • Investment since: 2012
  • Employees: 5,971
  • 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 59.7% stake as of December 31, 2021, is a multinational company based in Chile. With presence in 14 countries in America and over 80 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.

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, Panama, Colombia, El Salvador, Honduras and Peru. During 2019, it strengthened its presence after acquiring Boskalis' stakes in the joint tug boat ventures in Brazil, Mexico, Canada and Panama. In 2021, SM SAAM acquired 70% of Intertug, a towage company with operations in Colombia, Mexico and Central America.

In the Logistics business, the company provides transport and bonded warehousing in Chile, and airport services in Chile, Colombia, and Ecuador through its subsidiary Aerosan. During 2020 SM SAAM acquired an additional 50% stake in Aerosan, thus reaching 100% ownership.

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 are traded on the Chilean stock exchanges since March 1, 2012.


in thousands of US dollars as of December 31 of each year
2020 2021
Sales 584,063 748,465
Operating income 126,235 150,104
Net income attributable to owners of the controller 66,715 78,604
Total assets 1,769,662 1,839,222
Total liabilities 916,784 983,011
Shareholder's equity attributable to owners of the controller 811,581 802,686

Distribution of EBITDA* by Segment

US$268 million as of December 31, 2021
*Corresponds to consolidated EBITDA. Percentage calculation excludes EBITDA from the Corporate area.

Ownership Structure

as of December 31, 2021