Quinenco S.a. · BCS:QUINENCO
Quinenco — Investor Presentation (October 2026)
46 slides from Quinenco's investor presentation, October 2026
Slide 1: Investor Presentation
Investor Presentation October 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$ 10.6 bln US$ 8.2 bln AA+/AAA Net Asset Valu
Slide 5: Diversified Portfolio of Five Main Operating Companies
QUIÑENCO AT A GLANCE DIVERSIFIED PORTFOLIO OF FIVE MAIN OPERATING COMPANIES % Control as of June 2026 Mkt.Cap1 Mkt.Cap1 Mkt.Cap1 Mkt.Cap1 Book Value3 51.3% 65.9% 30.0%2 66.0% 100% US$ 20.2 bln US$ 1.9 bln US$27.7 bln US$1.3 bln US$1.2 bln • Leading full services bank • No.1 Chilean beer • Leading gl
Slide 6: Quiñenco Overview
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 6
Slide 7: One of Chile's Largest Business Conglomerates with Strong Fundamentals
QUIÑENCO OVERVIEW ONE OF CHILE’S LARGEST BUSINESS CONGLOMERATES WITH STRONG FUNDAMENTALS Prestigious Controlling Shareholders Proven Track Record in Value Creation Dominant Market Positions Controlling interest in its investments alongside world class partners Diversified Chile risk with increasing
Slide 8: First Class Board and Management
QUIÑENCO OVERVIEW Prestigious Controlling Shareholders FIRST CLASS BOARD AND MANAGEMENT BOARD OF DIRECTORS Pablo Granifo L. Andrónico Luksic L. Jean-Paul Luksic F. Paola Luksic F. Nicolás Luksic P. Juan Carlos Jobet E. Óscar Hasbún M. Ignacio Guerrero G. Chairman Vice Chairman Director Director Dire
Slide 9: Agile and Flexible Organization
QUIÑENCO OVERVIEW Proven Track Record in Value Creation AGILE AND FLEXIBLE ORGANIZATION Agile and flexible to quickly adapt to changing contexts and capture new opportunities
Slide 10: Value Creation System
QUIÑENCO OVERVIEW Proven Track Record in Value Creation VALUE CREATION SYSTEM Quiñenco has developed a value creation system through the professional management of its investments, which has led to various transactions throughout its history . . . Divest/Retain • Enersis • Startel • SegChile • Endes
Slide 11: Consistent Long Term Value Creation
QUIÑENCO OVERVIEW Proven Track Record in Value Creation CONSISTENT LONG TERM VALUE CREATION … and an average annual compound growth rate of 8.8% in the net value of Quiñenco’s assets over the past 20 years 10,600 10,738 Quiñenco-NAV(1) (MUS$) 7,873 7,788 7,781 7,893 7,366 6,858 6,541 6,565 5,789 5,8
Slide 12: Favorable Performance of NAV, Share Price & Dividends
QUIÑENCO OVERVIEW Proven Track Record in Value Creation FAVORABLE PERFORMANCE OF NAV, SHARE PRICE & DIVIDENDS Dividends Paid / Dividend Yield(2) (MCh$) NAV(1)/Share Price Trend 56% 30% 30% 90% 100% as of June 30, 2026 1,200,000 1,063,492 1,060,597 25% 1,000,000 22.2% 20% 7,000 100% 800,000 16.2% 680
Slide 13: Investment Criteria
QUIÑENCO OVERVIEW Proven Track Record in Value Creation INVESTMENT CRITERIA Competitive advantages and sufficient critical mass Controlling stakes or significant influence Access to strategic partners / commercial alliances / synergies Growth platform or add-on acquisition potential Brand & consumer
Slide 14: Leading Market Positions
QUIÑENCO OVERVIEW Dominant Market Positions LEADING MARKET POSITIONS The company’s investment strategy allows it to maintain a leading position in all its business areas and product segments Financial Port Services #2 Loans in Chile #1 Tug boat operator in #1 Deposits in Chile America, #3 worldwide
Slide 15: Controlling Interest along with World Class Strategic Alliances
QUIÑENCO OVERVIEW Controlling interest in its investments alongside world class partners CONTROLLING OR INFLUENTIAL INTEREST ALONG WITH WORLD CLASS STRATEGIC & COMMERCIAL ALLIANCES Quiñenco partners with world class players to develop its markets and products to take advantage of combined know-how,
Slide 16: Diversified Investments
QUIÑENCO OVERVIEW Diversified Chile risk with increasing International Presence DIVERSIFIED INVESTMENTS Diversification has allowed us to build a resilient portfolio
Slide 17: Diversified Investments: Net Asset Value
QUIÑENCO OVERVIEW Diversified Chile risk with increasing International Presence DIVERSIFIED INVESTMENTS One of the most diversified holding companies in Chile Net Asset Value(1) (NAV) (Percentages calculated over gross assets) December 31, 2006 June 30, 2026 Cash Other Port Services Other 2% 8% 3% C
Slide 18: Sound Results
QUIÑENCO OVERVIEW Sound Financial Position SOUND RESULTS . . . with sound bottom line results Contribution to Net Income by Segment(1) (MUS$) Net Income 365 359 (MUS$) 171 177 160 84 90 52 26 26 24 Financial Services Energy Transport Total Port Services 3,834 Other(2) 2,053 (85) YTD Jun-25 YTD Jun-2
Slide 19: 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$11.3 billion as of June 2026 US$11.3 billion as of June 2026 LT Debt ST Debt Cash 13%
Slide 20: Low Financial Corporate Debt
QUIÑENCO OVERVIEW Sound Financial Position LOW FINANCIAL CORPORATE DEBT . . . maintaining low levels of debt through asset disposals and strong dividend flow . . . Net Debt (MUS$) 1,200 0.25 1,000 800 0.2 600 400 0.15 200 - (200) 0.1 (400) (600) 0.05 (800) (1,000) 0 2022 2023 2024 2025 June 2026 Net
Slide 21: 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 (MUS$) (YTD August 2026) 1,223 1,150 NEXANS Other SM SAAM 1% 0% 1,021 6% 722 LQIF/Banco de Chile 623 43% CSA
Slide 22: 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. GROWTH AND PEOPLE AND VALUE CREATION DEVELOPMENT SUSTAINABILITY POLICY CORPORATE GOVERN
Slide 23: Recent Events
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 23
Slide 24: Quiñenco – Changes in Corporate Governance
RECENT EVENTS QUIÑENCO – CHANGES IN CORPORATE GOVERNANCE • Macario Valdés, former CEO of SM SAAM, was appointed as Quiñenco Former New Quiñenco’s new CEO, effective February 1, as former CEO Francisco Pérez stepped down after 28 years with the company to CEO Francisco Pérez Macario Valdés take on ne
Slide 25: 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 26: Quiñenco Distributes 100% of 2025 Net Income
RECENT EVENTS QUIÑENCO DISTRIBUTES 100% OF 2025 NET INCOME • On May 15, 2026, Quiñenco paid a dividend of Ch$349.03887 per share, for a total of Ch$580 billion. • During December 2025, Quiñenco paid an interim dividend of Ch$60.141 per share, for a total of Ch$100 billion. • Thus, the total dividend
Slide 27: 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 28: 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 29: SM SAAM Reaches 100% of Ownership of Intertug
RECENT EVENTS SM SAAM REACHES 100% OF OWNERSHIP OF INTERTUG • On May 28, 2026, SM SAAM announced the materialization of the agreement signed in October 2025 to acquire the remaining 30% of Intertug (and related companies) that operates tug boats in Colombia and Mexico. The transaction involved an in
Slide 30: Conclusions
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 30
Slide 31: Conclusions: Context and Outlook
CONCLUSIONS CONTEXT OUTLOOK Uncertain and volatile times globally – Quiñenco will continue its pursuit of long- Changes in Chile term value creation Geopolitical tension worldwide Actively seeking new investments and New technologies and AI disruptions portfolio optimization. New political c
Slide 32: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION 32
Slide 33: Appendix: Main Operating Companies
APPENDIX MAIN OPERATING COMPANIES
Slide 34: Banco de Chile: Ownership Structure
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$60 billion. • Over 11,100 employees. • More than 2.9 million active clients. • Traded on the NYSE and Santi
Slide 35: Banco de Chile Financial Results
1H 2026 Net income boosted mainly by growth in non-customer income, Contribution of Financial Services to Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES partly offset by higher credit loss expenses, largely due to the 171 177 establishment of additional provisions for Ch$50 billion. YTD Jun-2
Slide 36: CCU: Ownership Structure
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$4.0 billion. • Over 10,200 employees. • 36 beverage fa
Slide 37: CCU Financial Results
In the first half of 2026, favorable operating performance of CCU’s Chile segment Contribution of IRSA in Other to Quiñenco´s Net Income (MUS$) MAIN OPERATING COMPANIES was offset by lower operating results from the International Business and Wine 14 10 segments, facing challenging industry contexts
Slide 38: Enex: Ownership Structure
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 39: Enex Financial Results
Contribution of Energy to Enex’s contribution increased significantly in 1H 2026, based on better Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES operating performance, driven by favorable inventory revaluation. Volumes 26 84 sold increased by 2.4%. YTD Jun-25 YTD Jun-26 Sales EBITDA (MUS$) (M
Slide 40: CSAV: Ownership Structure
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$7.1 billion. • In November 2015 Hapag-Lloyd car
Slide 41: CSAV Financial Results
Contribution of Transport to CSAV’s contribution diminished mainly reflecting its share in the lower Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES results of its main asset, Hapag-Lloyd, and to a lesser extent, due to a 90 lower result of exchange rate differences, partly compensated by a lo
Slide 42: Hapag-Lloyd: Ownership Structure
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 43: Hapag-Lloyd Financial Results
Hapag-Lloyd’s quarterly results were affected by operational disruptions Contribution of Transport to Quiñenco’s Net Income (MUS$) MAIN OPERATING COMPANIES mostly associated with the conflict in the Middle East, which impacted 90 operating expenses. Transport volumes increased 1.5%,while average fre
Slide 44: SM SAAM: Ownership Structure
MAIN OPERATING COMPANIES • SM SAAM is a multinational company, based in Chile, which provides services to international trade through two business areas: tug boats and air logistics. • SM SAAM has a presence in 12 countries across America, operating a fleet of 203 tug boats, being the largest tug bo
Slide 45: SM SAAM Financial Results
SM SAAM’s contribution decreased mainly reflecting lower results in the period, Contribution of Port Services to Quiñenco’s Net Income (MUS$) partly compensated by Quiñenco’s higher stake in the company, up from 62.6% MAIN OPERATING COMPANIES 26 24 to 66.0% in the current semester. Better operating
Slide 46: Quiñenco
QUINENCO