Qualitas Controladora S.a.b. De C.v. · BMV:Q
Qualitas Controladora S.a.b. De C.v — Q1 2012 Earnings Presentation
19 slides from Qualitas Controladora S.a.b. De C.v's earnings presentation, 2012
Slide 1: Earning Results 1Q12
Se EARNING RESULTS 1Q12
Slide 2: Contents
CONTENTS Introduction -Strategy -Profitability -Financial Figures 1Q12 Results -Premiums Written by segment -Insured Vehicles -Sale of New Units -Acquisition Ratio -L&LAE Ratio -Effect of accounting policy in policies’ fees -Operating Ratio -Integral Financing Result Ratios -Cash and Investments /CP
Slide 3: Financial Figures 1Q12
Financial Figures 1Q12 FINANCIAL FIGURES 1Q12 1Q11 Ch.% RESULTS Premiums Written 3,250 2,975 9.2% Net Premiums Written 3,151 2,956 6.6% Premiums Earned 2,852 2,648 7.7% Acquisition Cost 730 766 NC L&LAE Cost 1,850 1,919 -3.6% Underwriting Result 272 -36 NA Operating Expenses -35 30 NC Operating Resu
Slide 4: Strategy
Strategy Payments to The Offices Brokers and High Risk Vehicles Agents Selection Strategic Measures Improve profitabilty and Strengthen Capital Structure Grace Period Zip Code 30 to 14 days Restriction of products No deductible and other changes in Package 2000 and pricing Premium 4
Slide 5: Profitability
Profitability ROE 50.0% ROE Proforma 46.1 % Solvency Margin Ratio 32.8% 5
Slide 6: Premiums Written by segment
Premiums Written by segment Segment 1Q12 1Q11 Ch. $ Ch. % Individual 1,038 1,149 -111 -9.7% Fleets 885 756 129 17.1% Sum of Traditional 1,923 1,905 18 0.9% Toll Roads 93 94 -1 -0.6% Financial Institutions 1,197 967 230 23.8% Subsidiaries 36 9 28 321.2% Total 3,250 2,975 275 9.2% 6
Slide 7: Insured Vehicles
Insured Vehicles Business Line 1Q12 1Q11 Ch. % Automobiles 1,138,986 1,153,077 -1.2% Trucks 444,688 438,139 1.5% Subtotal 1,583,674 1,591,216 -0.5% Motorcycles & Tourists 108,878 66,779 63.0% Insured Vehicles 1,692,552 1,657,995 2.1% CAGR*: 5.3% *CAGR: Compound Annual Growth Rate 7
Slide 8: Sale of New Units
Sale of New Units ** ** 1Q12 includes from january to march 2012 Source: AMIA y ANPACT 8
Slide 9: Acquisition Ratio
Acquisition Ratio ** 1Q12 includes from january to march 2012 9
Slide 10: L&LAE Ratio
L&LAE Ratio ** 1Q12 includes from january to march 2012 10
Slide 11: Effect of accounting policy in policies' fees
Effect of accounting policy in policies’ fees 2012 2011 Actual Effect Proforma Administrative and Operating Expenses -103,303,526 93,892,355 -9,411,171 -12,923,543 Employees' compensation and benefits 39,921,021 39,921,021 18,480,785 Depreciation and Amortization 28,730,222 28,730,222 24,902,148 -34
Slide 12: Operating Ratio
Operating Ratio ** 1Q12 includes from january to march 2012 12
Slide 13: Integral Financing Result
Integral Financing Result ** 1Q12 includes from january to march 2012 VAR Investment Portfolio Limit 13
Slide 14: Cash and Investments / CPO
Cash and Investments / CPO CAGR*: 22.0% *CAGR: Compound Annual Growth Rate 14
Slide 15: Financial Ratios
Financial Ratios RATIOS ROE 12m 50.0% ROE 12m Proforma 46.1% EBTDA Margin 15.7% Net Margin 10.1% CPO in Circulation 450 Net Result 12M 1,181 Earnings per chare (EPS) 12M 2.62 ** 1Q12 includes from january to march 2012 Leverage 4.8 Insured Vehicles 1,692,552 Net Collection 3,206 Book Value 5.9 Solve
Slide 16: Solvency Margin
Solvency Margin 2,500 35.0% 30.0% 2,000 25.0% 1,500 20.0% 1,000 15.0% 10.0% 500 5.0% - 0.0% jun-10 sep-10 dic-10 mar-11 jun-11 sep-11 dic-11 mar-12 ga Minimum Equity Requirement mmm Solvency Margin —e— % Solvency Margin Ratio ee 16 —
Slide 17: Dividend
Dividend $0.50 per CPO March 2012 Div. x Year Ch. % CPO Dividend 2004 $0.075 NA Dividend 2005 $0.125 2.9% Dividend 2009 $0.30 6.4% Dividend 2010 $0.40 4.6% 17
Slide 18: Note on figures and rounding
Throughout the document, figures are expressed in million pesos, except when is otherwise specified. Figures may vary by the effects of rounding; variations expressed are regard to the same period in 2011. 18
Slide 19: Disclaimer
Disclaimer Information discussed on today’s call 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 place undue r
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