SM SAAM
Relevant Information
As at December 31, 2017
- Quiñenco's interest: 52.2%
- Book value of investment: Ch$264,911 million
- Investment since: 2012
- Employees: 4,478
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, 2017, 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 Logistic services.
Through its subsidiary SAAM Ports, the company provides services in the main terminals in Chile and in the ports of Guayaquil (Ecuador), Caldera (Costa Rica), Mazatlan (Mexico), Port Everglades (USA) and Cartagena de Indias (Colombia), offering multi-profile cargo transfer management (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 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, Panama and Argentina.
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 dollars as at December 31 of each year| 2016 | 2017 | |
|---|---|---|
| Sales | 393,932 | 467,826 |
| Operating income | 39,587 | 115,811 |
| Net income attributable to owners of the controller | 54,545 | 60,442 |
| Total assets | 1,267,479 | 1,479,831 |
| Total liabilities | 402,948 | 558,012 |
| Shareholder's equity attributable to owners of the controller | 748,208 | 769,290 |