Quinenco S.a. · BCS:QUINENCO
Quinenco — Investor Presentation (June 2026)
44 slides from Quinenco's investor presentation, June 2026
Slide 1: Investor Presentation
Investor Presentation June 2026
Slide 2: Disclaimer
DISCLAIMER This presentation includes information on Quiñenco S.A. and related companies. Said information is summarized and does not intend to be complete, nor should it be considered as advice for potential investors. No representation or warranty, express or implied, is made as to the accuracy, o
Slide 3: Agenda
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 3
Slide 4: Quiñenco at a Glance
QUIÑENCO AT A GLANCE OWNERSHIP STRUCTURE 65% 83% 17% Minority Shareholders (Chilean Stock Exchanges) Mining Listed on London Stock Exchange Holding Industrial / Financial Services 140 +74,000 US$ 112 bln Countries(1) Jobs(1) Assets under management (1) US$ 10.7 bln US$ 7.3 bln AA+/AAA Net Asset Valu
Slide 5: Diversified Portfolio of Five Main Operating Companies
QUIÑENCO: INTRODUCTION DIVERSIFIED PORTFOLIO OF FIVE MAIN OPERATING COMPANIES % Control as of March 2026 Mkt.Cap1 Mkt.Cap1 Mkt.Cap1 Mkt.Cap1 Book Value3 51.3% 65.9% 30.0%2 66.0% 100% US$ 19.0 bln US$ 2.2 bln US$22.8 bln US$1.7 bln US$1.1 bln • Leading full services bank • No.1 Chilean beer • Leading
Slide 6: Quiñenco Overview
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 6
Slide 7: One of Chile's Largest Business Conglomerates with Strong Fundamentals
QUIÑENCO OVERVIEW ONE OF CHILE’S LARGEST BUSINESS CONGLOMERATES WITH STRONG FUNDAMENTALS 1. Prestigious Controlling Shareholders 2. Proven Track Record in Value Creation 3. Dominant Market Positions 4. Controlling interest in its investments alongside world class partners 5. Diversified Chile risk w
Slide 8: First Class Board and Management
QUIÑENCO OVERVIEW Prestigious Controlling Shareholders FIRST CLASS BOARD AND MANAGEMENT BOARD OF DIRECTORS Pablo Granifo L. Andrónico Luksic L. Jean-Paul Luksic F. Paola Luksic F. Nicolás Luksic P. Juan Carlos Jobet E. Óscar Hasbún M. Ignacio Guerrero G. Chairman Vice Chairman Director Director Dire
Slide 9: Value Creation System
QUIÑENCO OVERVIEW Proven Track Record in Value Creation VALUE CREATION SYSTEM Quiñenco has developed a value creation system through the professional management of its investments, which has led to various transactions throughout its history . . . Divest/Retain • Enersis • Startel • SegChile • Endes
Slide 10: Strong Growth in NAV
QUIÑENCO OVERVIEW Proven Track Record in Value Creation STRONG GROWTH IN NAV … and an average annual compound growth rate of 9.5%(1) in the net value of Quiñenco’s assets over the past 22 years 10,654 Quiñenco-NAV(2) 10,738 (MUS$) 7,873 7,788 7,781 7,893 7,366 6,858 6,541 6,565 5,789 5,875 6,003 5,1
Slide 11: Favorable Performance of NAV, Share Price & Dividends
QUIÑENCO OVERVIEW Proven Track Record in Value Creation FAVORABLE PERFORMANCE OF NAV, SHARE PRICE & DIVIDENDS Dividends Paid NAV(1)/Share Price Trend (MCh$) as of March 31, 2026 56% 30% 30% 90% 100% 7,000 100% 1,063,492 1,060,597 $5,943 90% 6,000 600,000 680,368 80% 5,000 $4,315 70% 252,590 60% 4,00
Slide 12: Investment Criteria
QUIÑENCO OVERVIEW Proven Track Record in Value Creation INVESTMENT CRITERIA 1 Controlling stakes or significant influence 2 Access to strategic partners / commercial alliances / synergies 3 Competitive advantages and sufficient critical mass 4 Growth platform or add-on acquisition potential 5 Brand
Slide 13: Leading Market Positions
QUIÑENCO OVERVIEW Dominant Market Positions LEADING MARKET POSITIONS The company’s investment strategy allows it to maintain a leading position in all its business areas and product segments Financial Port Services #2 Loans in Chile #1 Tug boat operator in #1 Deposits in Chile America, #3 worldwide
Slide 14: Controlling Interest Along with World Class Strategic & Commercial Alliances
QUIÑENCO OVERVIEW Controlling interest in its investments alongside world class partners CONTROLLING OR INFLUENTIAL INTEREST ALONG WITH WORLD CLASS STRATEGIC & COMMERCIAL ALLIANCES Quiñenco partners with world class players to develop its markets and products to take advantage of combined know-how,
Slide 15: Diversified Investments
QUIÑENCO OVERVIEW Diversified Chile risk with increasing International Presence DIVERSIFIED INVESTMENTS Becoming one of the most diversified holding companies in Chile . . . Investments by Sector(1) Net Asset Value(2) (NAV) (as of March 31, 2026) (as of March 31, 2026) (Percentages calculated over g
Slide 16: Sound Results
QUIÑENCO OVERVIEW Sound Financial Position SOUND RESULTS . . . with sound bottom line results Net Income (MUS$) Contribution to Net Income(1) by Segment 3,812 716 734 2,041 322 319 260 2.8% 908 146 118 153 716 734 63 35 52 222 216 Energy Transport Financial Port Services Total (20) Other(2) 2021 202
Slide 17: Quiñenco Holding Conservative Financial Structure
QUIÑENCO OVERVIEW Sound Financial Position QUIÑENCO HOLDING CONSERVATIVE FINANCIAL STRUCTURE Long term investments are financed with equity and long term debt in Chilean pesos . . . Assets Liabilities and Equity US$11.9 billion as of March 2026 US$11.9 billion as of March 2026 LT Debt ST Debt Cash 1
Slide 18: Low Financial Corporate Debt
QUIÑENCO OVERVIEW Sound Financial Position LOW FINANCIAL CORPORATE DEBT . . . maintaining low levels of debt through asset disposals and strong dividend flow . . . Net Debt (MUS$) 1,500 0.25 1,000 0.2 500 0.15 - 2022 2023 2024 2025 mar-26 0.1 -500 -1,000 0.05 -1,500 0 Net Debt Debt/Capitalization(1)
Slide 19: Diversified and Healthy Dividend Cashflow
QUIÑENCO OVERVIEW Sound Financial Position DIVERSIFIED AND HEALTHY DIVIDEND CASHFLOW . . . to the parent company based on good operating company performance Dividends Composition of Dividends (YTD June 2026) (MUS$) 1,283 1,206 NEXANS Other SM SAAM 1% 0% 1,071 6% 758 653 LQIF/Banco de Chile 43% CSAV/
Slide 20: Sustainability Policy
QUIÑENCO OVERVIEW Strong Commitment to Sustainable Progress SUSTAINABILITY POLICY Quiñenco has a strong commitment to sustainable progress as a central part of its business model, based on four strategic pillars. SUSTAINABLE HUMAN DEVELOPMENT EXCELLENCE PEOPLE COMMITMENT TO THE LEADERSHIP COUNTRY We
Slide 21: Recent Events
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 21
Slide 22: Quiñenco – Changes in Corporate Governance
RECENT EVENTS QUIÑENCO – CHANGES IN CORPORATE GOVERNANCE • After 28 years as CEO at Quiñenco, and over 35 with the Luksic Quiñenco Former New Group, Francisco Pérez steps down in order to undertake his new role as Chile’s Minister of Foreign Affairs as of March 2026. CEO Francisco Pérez Macario Vald
Slide 23: Quiñenco Sells 5% Stake in Nexans
RECENT EVENTS QUIÑENCO SELLS 5% STAKE IN NEXANS • On February 24, 2026, through its subsidiary Invexans Limited, Quiñenco successfully completed the sale of 2,200,000 shares of Nexans through an accelerated book building offering to institutional investors, at a price of €120.01 per share. • Total n
Slide 24: Quiñenco Increases Stake in SM SAAM to 66% and Distributes 100% of 2025 Net Income
RECENT EVENTS QUIÑENCO INCREASES STAKE IN SM SAAM TO 66% AND DISTRIBUTES 100% OF 2025 NET INCOME • During November 2025, Quiñenco acquired an additional 3.4% stake in SM SAAM on the local market, thus reaching 66.0% ownership. • On May 15, 2026, Quiñenco paid a dividend of Ch$349.03887 per share, fo
Slide 25: Hapag-Lloyd Signs Agreement to Acquire ZIM
RECENT EVENTS HAPAG-LLOYD SIGNS AGREEMENT TO ACQUIRE ZIM • On February 16, 2026, Hapag-Lloyd announced an agreement with ZIM Integrated Shipping Services Ltd, the 10th largest container shipping liner worldwide, to acquire 100% of ZIM’s shares for US$35.00 per share in cash. • The total transaction
Slide 26: CCU Reaches 100% Ownership of Aguas CCU-Nestlé
RECENT EVENTS CCU REACHES 100% OWNERSHIP OF AGUAS CCU-NESTLÉ • On June 5, 2026, CCU announced the acquisition of the 49.9% equity interest held by Nestlé Chile in Aguas CCU-Nestlé, thus reaching 100% ownership. • The transaction amounted to approximately Ch$164,597 million, subject to certain adjust
Slide 27: SM SAAM Launches Fully Electric Zero-Emission Tug Boats
RECENT EVENTS SM SAAM LAUNCHES FULLY ELECTRIC AND ZERO-EMISSION TUG BOATS IN VANCOUVER, CANADA AND PUERTO MONTT, CHILE, AND REACHES 100% OF OWNERSHIP OF INTERTUG • SM SAAM has been awarded a contract to operate the first electric tug boat in Chile and Latin America, at the port of Chacabuco. The tug
Slide 28: Conclusions
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 28
Slide 29: Outlook
CONCLUSIONS OUTLOOK SOUND CASH POSITION • Strong cash levels • Conservative financing policy FACTORS THAT CONTRIBUTE TO QUIÑENCO’S ABILITY TO PURSUE AND UNDERTAKE NEW INVESTMENT HEALTHY FINANCIAL STRUCTURE OPPORTUNITIES • Sound financial indicators • Well structured Balance Sheet • AA+/AAA local rat
Slide 30: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION 30
Slide 31: Appendix: Main Operating Companies
APPENDIX MAIN OPERATING COMPANIES
Slide 32: Banco de Chile
MAIN OPERATING COMPANIES • Established in 1893, Banco de Chile has a highly recognized name in Chile. • One of the most profitable banks in terms of return on assets and equity. • Assets of US$60 billion. • Over 11,100 employees. • More than 2.9 million active clients. • Traded on the NYSE and Santi
Slide 33: Banco de Chile Results
Net income decreased 18.3% in 1Q 2026, mainly due to lower operating Contribution of Financial Services to Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES revenues, where a drop in non-customer income was partly offset by 88 72 higher customer income, along with higher credit loss expenses, mo
Slide 34: CCU
MAIN OPERATING COMPANIES • Founded in 1850, CCU is a multi-category branded beverage company operating in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay, with an extensive wine export business to more than 80 countries. • Assets of US$4.0 billion. • Over 10,200 employees. • 36 beverage fa
Slide 35: CCU Results
In the first quarter of 2026, favorable performance of CCU’s Chile segment was Contribution of IRSA in Other to Quiñenco´s Net Income (MUS$) MAIN OPERATING COMPANIES offset by lower results from the International Business and Wine segments, facing challenging industry contexts. 19 19 YTD Mar-25 YTD
Slide 36: Enex
MAIN OPERATING COMPANIES • Enex S.A. has a network of 454 service stations and 224 convenience stores in Chile, 55 travel centers in the USA, and 64 service stations and 28 convenience stores in Paraguay. • Main business activities: Distribution of fuels through its service stations. Distributio
Slide 37: Enex Results
Contribution of Energy to Enex’s contribution increased significantly in 1Q 2026, based on better Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES operating performance, driven by a greater favorable inventory revaluation 26 19 impact and a 9.1% volume growth, partly offset by a higher income t
Slide 38: CSAV
MAIN OPERATING COMPANIES • CSAV, founded in 1872, is one of the oldest shipping companies in the world. • Its activities include overseas transport of containerized cargo through its investment in Hapag-Lloyd. • Total assets as of December 2025 were US$7.1 billion. • In November 2015 Hapag-Lloyd car
Slide 39: CSAV Results
Contribution of Transport to CSAV’s contribution diminished mainly due to the decline in the results of Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES its main asset, Hapag-Lloyd, and to a lesser extent, due to an unfavorable 103 variation in exchange rate differences, partly compensated by l
Slide 40: Hapag-Lloyd
MAIN OPERATING COMPANIES • Hapag-Lloyd is a leading global liner shipping company, with a fleet of 301 modern ships, 13.5 million TEU transported a year and a total capacity of around 2.4 million TEU. • Founded in 1847 and headquartered in Hamburg, Germany, Hapag-Lloyd offers a global network of +13
Slide 41: Hapag-Lloyd Results
Hapag-Lloyd’s quarterly results were affected by lower average rates and Contribution of Transport to Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES operational disruptions associated with adverse weather conditions and the 103 conflict in the Middle East, which impacted operating expenses an
Slide 42: SM SAAM
MAIN OPERATING COMPANIES • SM SAAM is a multinational company, based in Chile, which provides services to international trade through two business areas: tug boats and air logistics. • SM SAAM has a presence in 12 countries across America, operating a fleet of 203 tug boats, being the largest tug bo
Slide 43: SM SAAM Results
SM SAAM’s contribution increased reflecting a higher stake in the company, up Contribution of Port Services to Quiñenco’s Net Income (MUS$) from 62.6% to 66.0% in the current quarter, which offset SM SAAM’s lower results MAIN OPERATING COMPANIES 12 12 in Chilean pesos, due to an unfavorable conversi
Slide 44: Quiñenco
QUINENCO