SM SAAM
Sociedad Matriz SAAM S.A. (SM SAAM), in which Quiñenco has a 52.2% stake as of December 31, 2018, is a multinational company based in Chile, leader in Latin America in the delivery of comprehensive services to shipping companies, importers and exporters, throughout all stages of cargo movement.
With presence in 13 countries in America and over 70 ports from Canada to the Patagonia, SM SAAM provides ship and cargo services 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 the regional market. 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, Honduras, Canada and Panama.
In the logistics business, the company provides storage, transport and special services, and focuses on creating value for the customer supply chain, by managing the customer’s operational processes, inventory and information, with measurable benefits, in the most representative industries of the domestic GDP, such as consumption, food, mining and energy.
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.
Highlights
in thousands of US dollars as of December 31 of each year| 2017 | 2018 | |
|---|---|---|
| Sales | 467,826 | 515,987 |
| Operating income | 115,811 | 80,772 |
| Net income attributable to owners of the controller | 60,442 | 49,607 |
| Total assets | 1,479,831 | 1,425,237 |
| Total liabilities | 558,012 | 504,870 |
| Shareholder's equity attributable to owners of the controller | 769,290 | 772,406 |