The Graña y Montero Group’s Net Income in 1Q2017 Reached s/. 79.1 MM

Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced that its net income in the first quarter (“1Q2017”), reached s/. 79.1 MM, which represents a 11.6% increase with respect to 1Q2016.

Backlog and recurrent businesses reached US$ 3,531 MM, equivalent to 1.95x the annual revenues.

Consolidated debt as of 1Q2017 reached US$ 979 MM, of which US$ 383 MM correspond to working capital debt, US$ 348.6 MM to project finance and US$ 247.3 MM to the debt generated by the Southern Gas Pipeline contract. The debt assumed by the guarantee issued by CHUBB for US$ 52.5 MM is added to this total.

It is important to note that with the sale of assets and the company cash, US$ 109 MM of the debt related to the Southern Gas Pipeline will have been repaid by the end of April, from its peak in December 2016.

The non-strategic assets sale amounts to US$ 108 MM to date. The assets sold are Cuartel San Martín, Red Eagle Mining Corporation (included in the results of 1Q2017) and Companía Operadora de Gas del Amazonas (COGA) and PRINSUR (which will be included in the financial statements in April).

It is important to note that the assets sale has generated significant profits for the business.

For a full version of Graña y Montero’s 1Q2017 Earnings Release please visit:

About Graña y Montero S.A.A.

Graña y Montero is the largest and most important Engineering and Infrastructure Company in Peru. It has 26 companies which operate in 5 countries in Latin America and has more than 28,000 employees. The Graña y Montero Group has always solved the needs of its clients beyond business in order to create wellbeing for society. It has been listed on the Lima Stock Exchange since 1997 and on the New York Stock Exchange since 2013.

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