For the exclusive use of RISK MARKET RISK MARKET of FONDO MIVIVIENDA SA

Bloomberg Company Profile: AENZA SAA

Aenza SAA Currency: PEN

Sector: Industrials Industry: Construction & Engineering Primary Exchange: Lima

Aenza S.A.A. provides engineering and construction services. The Company offers services in infrastructure and energy sectors, as
well as real estate management solutions. Aenza serves customers in Peru.

Summary

Website www.aenza.com.pe Revenue(M) 3,314.03 YTD Return -17.82

Address Paseo de la Republica Current Price 1.43 52 Week Return -10.63
4667 Oficina C-401 52 Week High 1.87 Next Earnings 08/04/21
Lima 34 Lima Peru 52 Week Low 1.06 Announcement
No of Employees 6,216 Mkt Cap(M) 1,246.84 Prior Announcement 05/18/21

Key Insights (Top 5) One Year Daily Price and Volume

Analyst consensus price target (PEN 2.07) is 44.4% above current price
14.00 2.00
Analyst consensus price target PEN 2.07 is unchanged over the past
month 11.20 1.80

Price in PEN
LTM FCF is -0.3% of revenue vs 7.5% average over past 5 years, as of 8.40 1.60

Volume
March 31, 2021 5.60 1.40
Total Debt is 4.8x LTM EBITDA, as of Mar 31, 2021
2.80 1.20
Cash Balance of PEN 799.2M is 31.2% of Enterprise Value and 44.5% of
0.00 1.00
Debt Outstanding, based on Mar 31, 2021 balance sheet 07 1 1 2 2 2 0 0 1 1 1
A U 1 S E 6 O 0 N 5 D 9 J A 5 M 9 AP 4 M 8 J U 6 J U
G P C O EC N A R A N L
2 0 2 0 T 2 0 V 2 0 2 0 2 0 R 2 0 2 0 Y2 0 2 0 2 0
20 20 20 20 20 21 21 21 21 21 21

Volume(Millions) Price

Current Capitalization (PEN Millions)

3000
Market Cap 1,246.8
2500
Cash Equivalents 799.2
2000
Preferred Equity 0.0
Minority Interest 318.9
1500 Total Debt 1,796.8
Enterprise Value 2,563.3
1000

500

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This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
 For the exclusive use of RISK MARKET RISK MARKET of FONDO MIVIVIENDA SA

Bloomberg Company Profile: AENZA SAA

Overview Key Executives (Top 10)

NAME TITLE AGE TENURE START
Executives Luis Francisco Diaz Chief Executive 51 4 02/01/2017
Number of Executives 18 Olivero Officer
Average Reported Compensation (MM) - Dennis Gray Febres Chief Financial 46 1 07/01/2020
Average Age 54.59 Officer
Average Tenure 3.18 Fernando Dyer Chief Risk & 59 4 06/01/2017
Board Members Compliance Ofcr
Number of Board Members 9 Daniel Urbina PerezChief Legal Officer 52 - -
Independent Directors 8 Mario Galvez Abad CEO:Ferrovias 49 2 03/01/2019
Members Owning Shares 0 Antonio Rodriguez CEO:Morelco 58 - -
On Boards of Peers 9.00 Canales
On Boards of Other Companies 4.00 Alejandro Palma CEO:Vial & Vives 62 2 01/01/2019
Average Age 60.44 Jara
Average Tenure (Years) 0.44 Reynaldo Llosa CEO:GMP 61 7 02/01/2014
Martinto
Luis Martin CEO:GMI 51 - -
Fukunaga Mendoza
Manuel Fernandez CEO:Information 63 2 03/01/2019
Pollan Technology

Revenue % by Business Segments for 2020

32

6.5

4.9
56.6
32
6.5
4.9

56.6

Historical Analyst Recommendation and 12M Target Price Firm Analyst Consensus

Consensus Rating 3.00

120.00 3.00
Buys 0 0.00%
100.00 Holds 3 100.00%
2.60
Sells 0 0.00%
80.00
Sell-Hold-Buy

Price in PEN

2.20
60.00
1.80
40.00

1.40
20.00

0.00 1.00 J U A U S E O N D J A F E M AP M J U J U AU SE O N D J A F E M AP M J U J U
L 2 G P C T OV EC N 2 B AR R AY N L 2 G P C T OV EC N 2 B AR R AY N L 2
01 20 20 20 20 20 0 2 2 0 20 2 0 2 0 20 0 2 2 0 20 20 20 20 0 2 20 2 0 2 0 2 0 20 0 2
9 19 1 9 1 9 1 9 19 0 20 20 20 20 2 0 0 20 20 2 0 2 0 2 0 1 2 1 2 1 21 21 2 1 1

% Buy % Hold % Sell TargetPrice Price

This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.
 For the exclusive use of RISK MARKET RISK MARKET of FONDO MIVIVIENDA SA

Bloomberg Company Profile: AENZA SAA

Fiscal Year Financial Performance and Estimates (PEN Millions)

12/17 12/18 12/19 12/20E 12/21E 12/22E 12/23E
Revenue 6,080 3,899 4,338 3,314 - - -
Growth % -6.0 -35.9 11.3 -23.6 - - -
Gross Profit 673 674 450 321 - - -
Gross Margin % 11.1 17.3 10.4 9.7 N.A. N.A. N.A.
EBITDA 784 572 82 278 - - -
EBITDA Margin % 12.9 14.7 1.9 8.4 - - -
Operating Profit 497 335 - 80 - - -
Operating Margin % 8.2 8.6 -3.17 2.4 - - -
Net Income (Adj) - - - 162 - - -
Profit Margin % 2.5 -2.13 -20.40 -3.75 - - -
Return On Assets % 1.7 - - - 1.4 1.6 -
Return On Equity % 7.3 - - - 5.5 6.2 -

Equity Comparables (Top 6 Peers)

NAME MARKET CAP EV EV/EBITDA T12M EBITDA:2021 EBITDA:2022 P/E P/E:2021 P/E:2022 EPS
AENZA SAA 1.2 (B) 2.6 (B) 8.3 0.0 0.0 0.0 0.0 0.0 85.9
CONCONCRETO SA 432.2 (B) 980.6 (B) 0.0 0.0 0.0 6.7 0.0 0.0 -11.5
BESALCO SA 170.7 (B) 436.9 (B) 6.3 0.0 0.0 10.1 0.0 0.0 -0.3
EMPRESAS ICA S.A.B 898.9 (M) 79.7 (B) 90.6 0.0 0.0 0.0 0.0 0.0 62.0
IMPULSORA DEL 108.9 (B) 155.8 (B) 18.3 0.0 0.0 49.9 0.0 0.0 0.0
DESARROLLO Y E
ALEATICA SAB DE CV 36.8 (B) 84.4 (B) 5.1 3.8 3.8 5.4 18.0 14.1 10.8

Credit Ratings Credit Ratios

AENZAC1CONCONC
BESALCOICA* IDEALB1 AENZAC1
CONCONCBESALCO ICA* IDEALB1
Fitch Rating - - - - - Secured Debt/ - - - - -
Moody's Rating - - - - - EBITDA
S&P Rating - - - NR BBB Unsecured Debt/ - - - - -
EBITDA
Subordinated Debt/ - - - - -
EBITDA
Total Debt/EBITDA - - - - -
Net Debt / EBITDA 3.2 - 3.8 77.2 4.0
EBITDA / Tot Int Exp 2.4 0.7 6.7 0.2 4.0

Ownership: Top 5 by Country Ownership: Top 14 by % of Shares Outstanding Held

Peru 31.20% GH HOLDING GROUP COR 12.84%

United States 25.50% PACIFICO CORP SAC 10.00%
Panama 24.41% FRATELLI INVESTMENTS 9.94%
Bahamas 18.89% BANK OF NEW YORK MEL 8.58%
Chile 0.01% AFP HABITAT 6.14%
BETHEL ENTERPRISES 3.87%
BLACKROCK 0.96%
Ownership: Top 4 by Institution Type AFP INTEGRA SA 0.26%
AFP PRIMA SA 0.01%
Holding Company 43.42% BICE AGF SA/CHILE 0.00%
Investment Advisor 37.03% EATON VANCE CORP 0.00%
Pension Fund 12.17% PROFUTURO AFP SA 0.00%
Other 7.39% STANDARD LIFE ABERDE 0.00%
MANULIFE FINANCIAL C 0.00%

Global Industry Classification Standard

Sector Code Sector Name Industry Group Name Industry Name Sub-Industry Name
20 Industrials Capital Goods Construction & Engineering Construction & Engineering

This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries
in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the (“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing
and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice,
and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.

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