Qualitas Controladora S.a.b. De C.v. · BMV:Q
Qualitas Controladora S.a.b. De C.v — Q3 2024 Earnings Presentation
20 slides from Qualitas Controladora S.a.b. De C.v's earnings presentation, 2024
Slide 1: Corporate presentation 3rd Quarter 2024
Corporate presentation 3rd Quarter 2024
Slide 2: Index
Index 1. Leaders for more tan 18 years 2. Going forward 3. Value creation 4. Industry landscape 5. Our stock 6. Appendix
Slide 3: Our Essence
Our Essence 30 years of experience in the 578 industry and 19 as Offices leaders 5 Countries +22,400 USA, Mexico, El Agents Salvador, Perú and Costa Rica Leaders of ASG Risk, fraud, and criterion accidents prevention as well as improving incorporation efficiencies in the operation
Slide 4: 1. Corporate structure
1. Corporate structure GEOGRAPHIC SUBSIDIARIES: VERTICAL INTEGRATION: We seek to expand and replicate our business model, having a Operational efficiencies, which allow us to reduce our costs, greater income diversification and potentialize growth. improve service to policyholders and increase profi
Slide 5: 1. Qualitas´ DNA
1. Qualitas´ DNA QUALITAS OPERATING CENTER Technological systems +5.7 MILLION used in our call center Insured units are design in house. POLICYHOLDERS Automatic assignment of claim officers using geolocation tools.. ~22,900 AGENTS Agents play a fundamental role in (National) average Mexico and Latin
Slide 6: 2. Competitive Advantages
2. Competitive Advantages ▪ Data analysis: 30 years of experience + unique data base ACCIDENT AND ▪ Telematics, GPS devices. Best recovery rate in the FRAUD industry ▪ Training of drivers and operators to reduce and avoid PREVENTION accidents and claims ▪ Exclusive Call center with in-house systems
Slide 7: 2. Going forward…
2. Going forward… Strengthen our Accelerate growth in Actively looking for new leadership in Mexico our subsidiaries business opportunities • Through technological and • Capitalize them to boost its growth • Expand our service to other product innovation. in profitable manner. business lines such as
Slide 8: 2. Sustainability
2. Sustainability E ENVIRONMENTAL ▪ ~27% of our fleet is hybrid ▪ Solar paneles in specific service offices ▪ Annual reforestation campaign ▪ ~90% of paperless processes S SOCIAL ▪ Awareness program “Conducta Vial Quálitas (CVQ)” for responsable driving behavior http://conductavialqualitas.com.mx ▪
Slide 9: 3. Value creation
3. Value creation Written premiums Operating result Net result 48,379 3,767 2,226 16,151 451 1,145 37,324 13,036 317 1,023 2,666 693 3Q23 3Q24 9M23 9M24 3Q23 3Q24 9M23 9M24 3Q23 3Q24 9M23 9M24 Earned premiums Comprehensive financial income 5.0% 7.1% 15,321 44,683 1,183 3,377 OPERATING NET Margin 3Q2
Slide 10: 3. Value creation
3. Value creation Premiums & insured units Δ %/bp Δ %/bp Business line 3Q24 3Q23 24 vs 23 9M24 9M23 24 vs 23 19.1% 9 9 M 23 Traditional 10,455 8,471 23.4% 32,363 24,266 33.4% 17.6% 24 M Individual 6,231 5,109 21.9% 18,824 14,657 28.4% Fleets 4,224 3,361 25.7% 13,539 9,610 40.9% Financial institution
Slide 11: 3. Value creation
3. Value creation Ratios Acquisition Loss 25.0% 80.0% 71.4% 71.6% 23.8% 69.2% 24.0% 66.1% 70.0% 22.8% 22.8% 22.7% 23.0% 60.0% 52.9% 21.9% 22.0% 50.0% 21.0% 40.0% 20.0% 30.0% 3Q20 3Q21 3Q22 3Q23 3Q24 3Q20 3Q21 3Q22 3Q23 3Q24 Operating Combined 12.0% 100.0% 98.4% 97.0% 94.7% 95.6% 90.0% 9.0% 6.8% 4.8%
Slide 12: 3. Value creation
3. Value creation Investment portfolio Total portfolio Portfolio by subsidiary Cash & Equivalents 8.2% 5.3% Others 1.3% 1.7% Loans 2.0% 1.4% 2.1% QCR International bonds 12.4% 1.8% 14.8% 3Q23 International QIC 10.6% 0.0% 3Q23 Financial Org. 0.0% 12.2% 3Q24 3Q24 Quasi-government 1.0% 16.0% 0.5% QCind
Slide 13: 4. Industry landscape
4. Industry landscape Market share Market share by segment 16.6% 15.7% 15.5% 15.0% 15.6% 15.9% 16.1% 16.2% 16.2% 26.6% Cars 18.0% 12.2% 12.6% 12.0% 11.7% 13.7% 12.8% 12.4% 11.8% 2.7% 12.2% 11.6% 45.2% Trucks 3.2% 3.1% 2.6% 2.4% 2.0% 1.8% 4.8% 3.6% 6.3% 5.2% 6.1% 6.3% 6.1% 7.0% 6.5% 6.3% 4.9% 5.8% 5.
Slide 14: 4. Industry landscape
4. Industry landscape New car sales in Mexico 33 450 28 400 350 21 16 300 14 16 250 200 369 343 315 150 263 228 237 100 50 0 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 Light vehicles Heavy equipement • The quarterly sales of new units increased by +8.4% vs 3Q23 and +21.6% vs 3Q19. • AMDA's year-end estimate is a
Slide 15: 4. Industry landscape
4. Industry landscape Auto theft & recovery in Mexico 50,000 53.2% 55.0% 45,000 50.4% 50.1% 40,000 50.0% 47.1% 35,000 42.8% 30,000 45.0% 45.3% 41.4% 25,000 44.6% 41.8% 20,000 41.9% 39.9% 40.0% 38.9% 19,012 15,000 16,247 16,733 15,271 14,448 14,062 10,000 35.0% 5,000 45,698 37,325 31,573 29,663 30,35
Slide 16: 5. Our stock
5. Our stock Q* stock performance Q* was listed on the Traded volume Marketability index Mexican Stock Exchange in (promedios diarios) Mexican Stock 2005 Exchange Traded Volume Included in 6 indexes: Volume* (MM USD) S&P/BMV IPC, Total Mexico ESG, S&P/BMV Rentable, 3M24 1,372,081 $14.9 Sep’ 24 FTSE
Slide 17: IR contact information
IR contact information Andrea González angonzalez@qualitas.com.mx T: +52 (55) 1555-6316 Raquel Leetoy rleetoy@qualitas.com.mx T: +52 (55) 1555-6313
Slide 18: 6. Financial highlights
6. Financial highlights Δ %/bp Δ %/bp Income Statement 3Q24 3Q23 9M24 9M23 24 vs 23 24 vs 23 Written premiums 16,151 13,036 23.9% 48,379 37,324 29.6% Net written premiums 16,135 13,021 23.9% 48,318 37,195 29.9% Earned premiums 15,321 12,756 20.1% 44,683 35,562 25.6% Acquisition cost 3,661 2,857 28.1
Slide 19: 6. Financial highlights
6. Financial highlights Δ %/pb Δ %/pb Profitability ratios 3Q24 3Q23 9M24 9M23 24 vs 23 24 vs 23 Return on investments 8.7% 9.7% (102) 8.9% 9.0% (5) ROE for the period 20.5% 20.9% (36) 25.1% 15.1% 1,001 LTM ROE 22.4% 16.8% 558 22.4% 16.8% 558 Δ %/bp Balance Sheet 2024 2023 24 vs 23 Assets 100,723 81
Slide 20: 6. Solvency margin
6. Solvency margin 2024 AGM Cash 172% dividend payment amount of $3.2 billion pesos 3,151 equivalent 3,386 to $8.0 3,634 pesos per share, payable in two exhibitions: $4.0 pesos on May 8th, 2024 and $4.0 on November 8th, 2024. Regulatory Capital % of Solvency Margin Solvency Margin Requirement Figure
Quálitas Controladora — Q3 2024 Earnings Presentation on 6ix