SM SAAM
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
- www.smsaam.cl
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.
Highlights
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 |