Qualitas Controladora S.a.b. De C.v. · BMV:Q
Qualitas Controladora S.a.b. De C.v — Qualitas Controladra Sab — Q2 2023 Earnings Presentation
7 slides from Qualitas Controladora S.a.b. De C.v's earnings presentation, Jul 20, 2023
Slide 1: Earnings results webcast 2nd quarter 2023
Earnings results webcast 2nd quarter 2023 July 21st, 2023
Slide 2: Driving through the cycle
Driving through the cycle New car sales 2Q23 vs… 6M23 vs… 40.0% 35.4% 40.0% 36.6% 30.0% 30.0% 20.0% 22.1% 20.0% 20.0% 10.0% 10.0% 6.7% 3.4% 0.0% 0.0% 2Q19 2Q22 -1.2% 6M19 6M22 -10.0% -7.5% -10.0% Source: AMDA as of June 2023 Combined ratio Q* vs Top 5 110.0% 105.0% 100.0% 95.0% 90.0% 85.0% 80.0% 75.
Slide 3: Strong growth pace
Strong growth pace Written premiums Earned premiums +24.2% +24.6% +18.1% +18.9% 24,289 19,497 22,806 19,187 12,048 11,689 9,701 9,895 2Q22 2Q23 6M22 6M23 2Q22 2Q23 6M22 6M23 % ∆ growth vs previous period Premiums in million pesos MXN 6,000 5,195,382 insured units CAGR: 6.0% 5,195 5,000 +4,000 4,000
Slide 4: Right actions in place
Right actions in place ➢ Tariff’ increases +12% 6M23; new increases going foward ➢ Vertical integration: new competitive advantage ➢ Closeness with workshops and agencies to control and reduce costs ➢ Express adjustment tool: 3 to 1 productivity ➢ Claims handling options centered on service ➢ Techno
Slide 5: Profitable operation, solid portfolio
Profitable operation, solid portfolio 2Q23 6M23 22.6% 23.1% Acquisition ratio Acquisition ratio 97.7% 3.3% 96.8% 3.0% Combined Operating ratio Combined Operating ratio ratio ratio 71.9% 70.7% Loss ratio Loss ratio Comprehensive financial income Net income +270.7% +219.2% +13.8% +18.1% 1,841 1,643 1,
Slide 6: Development strategy under execution
Development strategy under execution 1 2 3 Strengthen our leadership Accelerate profitable New business opportunities in Mexico growth in subsidiaries within insurance ecosystem INSURANCE COMPANIES VERTICAL SUBSIDIARIES AUTO INSURANCE HEALTH AND MEDICAL Strengthening Technology (GEOGRAPHIC SUBSIDIAR
Slide 7: Analysts & IR contacts
Analysts & IR contacts Analyst: Analyst: Analyst: Analyst: Analyst: Gilberto García Rodrigo Ortega Thiago Paura Ernesto Gabilondo Jorge Gordillo E-mail: E-mail: E-mail: E-mail: E-mail: gilberto.garcia@barclays.com r.ortega@bbva.com thiago.paura@btgpactual.com ernesto.gabilondo@bofa.com jgordillo@cib
Qualitas Controladra Sab — Q2 2023 Earnings Presentation on 6ix