Qualitas Controladora S.a.b. De C.v. · BMV:Q
Qualitas Controladora S.a.b. De C.v — Q3 2019 Earnings Presentation
14 slides from Qualitas Controladora S.a.b. De C.v's earnings presentation, 2019
Slide 1: Earnings results Webcast 3rd quarter 2019
Earnings results Webcast 3rd quarter 2019
Slide 2: Quálitas Controladora
Quálitas Controladora Information discussed on today’s webcast may include forward-looking statements regarding the company’s results and prospects, which are subject to risks and uncertainty. Actual results may differ materially from what is discussed here today, and the Company cautions you not to
Slide 3: Earnings results Webcast Agenda
Earnings results Webcast 3rd quarter Agenda 2019 Financial 01 highlights 02 Landscape 03 Underwriting 04 Costs 05 Subsidiaries Q* Solvency 06 performance 07 margin 08 Social responsibility & closing remarks 09 Q&A 02
Slide 4: Financial highlights 3Q & YTD
01 Financial highlights 3Q & YTD Written premiums Earned premiums Underwriting result 2.3% s s s Comprehensive financial income Net income $9 Cumulative income per share 15.4% Net margin 3Q s s 43.5% ROE 03 CAGR: Compound Annual Growth Rate
Slide 5: Landscape
02 Landscape New car sales in Mexico YTD Monthly growth 2019 (%) Cumulative growth 2019 Auto theft & recovery in Mexico Theft to industry Meteorological events Theft to Quálitas 2019 vs 2018 -9.5% Industry's recovery Quálitas' recovery -6.5% +3.4% Banxico’s reference rate Aug Sep 8.25% 7.75% 04
Slide 6: Underwriting
03 Underwriting BUSINESS LINE 3Q19 3Q18 ∆$ ∆% 9M19 9M18 ∆$ ∆% Traditional 5,015 4,442 573 12.9% 15,468 13,775 1,694 12.3% Individual 2,716 2,181 536 24.6% 7,845 6,536 1,310 20.0% Fleets 2,298 2,261 37 1.6% 7,623 7,239 384 5.3% Financial institutions 3,121 2,911 210 7.2% 8,378 9,592 (1,214) (12.7%) F
Slide 7: Cost ratios
04 Cost ratios Acquisition Loss 2019 2018 ∆bps 2019 2018 ∆bps 3Q 21.8% 21.1% 72 3Q 59.5% 72.0% (1,245) YTD 21.9% 22.2% (36) YTD 59.9% 67.6% (771) Operating Combined 2019 2018 ∆bps 2019 2018 ∆bps 3Q 6.4% 4.0% 244 3Q 87.8% 97.1% (929) 3Qexc * 4.3% 3.1% 120 YTD 87.6% 94.5% (689) YTD 5.9% 4.7% 118 Adjus
Slide 8: Geographical & vertical subsidiaries
05 Geographical & vertical subsidiaries Mexico United States Costa Rica El Salvador Peru QMX: 94.4% QIC: 3.7% QCR: 1.1% QES: 0.5% QP:0.1% 9M written Bottom line premiums AUTOS Y $46.8 million +13.8% EASY CAR GLASS SALVAMENTOS +867.5% CRISTAFÁCIL OUTLET DE REFACCIONES 07
Slide 9: Q* performance
06 Q* performance Q* performance Marketability index Key value metrics Q* Mexbol 3Q 19 31.5% (0.3%) P/E YTD 71.4% 3.3% 6.7 Traded volume (daily average) EPS Traded Volume Volume* (MM USD) $3.1 1 Q19 383.5 0.9 2 Q19 628,623 1.6 3 Q19 975,749 3.0 12 m 591,245 1.6 08 *Thousand of shares
Slide 10: Solvency margin
07 Solvency margin 09 Figures in million pesos (MXN)
Slide 11: Social responsibility & closing remarks
08 Social responsibility & closing remarks EXPANDING OUR NETWORK TECHNOLOGICAL During 3rd quarter we opened 12 new locations INNOVATION, AND across the country: HIGH PERFORMANCE ORGANIZATION 179 Service offices 243 ODQ´s 25 YEARS Continue promoting technological STRENGTHEN OUR development for risk S
Slide 12: Social responsibility & closing remarks
08 Social responsibility & closing remarks Sustainable CONSISTENTLY Unique business & socially responsible GENERATING VALUE for our model agents, policyholders, investors & employees Quálitas beyond results; social responsibility campaign Service expansion Solid team work, High performance An intern
Slide 13: Analysts
Analysts Analyst: Analyst: Analyst: Analyst: Analyst: Enrique Mendoza Gilberto García Martín Hernández Martín Lara Ernesto Gabilondo E-mail: E-mail: E-mail: E-mail: E-mail: emendoza@actinver.com.mx gilberto.garcia@barclays.com martin.hernandez.omelas@bbva.com martín.lara@miranda-gr.com ernesto.gabil
Slide 14: IR team contacts
IR team contacts Santiago Monroy smonroy@qualitas.com.mx T: +52 (55) 1555-6056 Andreina Incandela aincandela@qualitas.com.mx T: +52 (55) 1555-6104 José Antonio Mundo jamundo@qualitas.com.mx T: +52 (55) 1555-6313 13
Quálitas Controladora — Q3 2019 Earnings Presentation on 6ix