Afp Habitat Sa · BCS:HABITAT
Afp Habitat Sa — Q4 2018 Earnings Presentation
20 slides from Afp Habitat Sa's earnings presentation, March 2019
Slide 1: Company Presentation Q4-2018 Results
Company Presentation Q4-2018 Results March 2019
Slide 2: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Achievements During the year 2
Slide 3: Key Indicators
Key Indicators Habitat Contributors [Q] Habitat Contributors Market share [%] Average Base Salary [clp] +1,7% -0,4% +14,8% 1.175.184 1.195.509 20,4% 20,0% 993.679 865.562 Dec 2017 Dec 2018 Dec 2017 Dec 2018 Dec 2017 Dec 2018 Total AUM1 [MM clp] APV AUM 1 [MM clp] CAV AUM1 [MM clp] +5,8% +8,6% +5,0%
Slide 4: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Achievements During the year 4
Slide 5: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED CONSOLIDATED Var % Var INCOME STATEMENTS [CLP MM] RESULTS DIC 2018 RESULTS DIC 2017 18/ 17 18/ 17 Revenues 196.346 181.889 14.457 7,9% Remuneration and Employee Related Expenses (46.809) (41.266) (5.543) 13,4% Other Operating Expenses (34.115) (34.358) 243
Slide 6: Peru Operation Pro-Forma Adjustment
Peru Operation Pro-Forma Adjustment HABITAT ANDINA ADJUSTMENTS CONSOLIDATED Var % Var INCOME STATEMENTS [CLP MM] DIC 2018 DIC 2018 DIC 2018 RESULTS DIC 2018 18/ 17 18/ 17 Revenues 176.484 19.862 0 196.346 14.457 7,9% Remuneration and Employee Related Expenses (40.480) (6.328) 0 (46.809) (5.543) 13,4
Slide 7: Revenues Breakdown
Revenues Breakdown CONSOLIDATED CONSOLIDATED Var % Var REVENUES BREAK DOWN [CLP MM] RESULTS DIC 2018 RESULTS DIC 2017 18/ 17 18/ 17 Commission for mandatory acreditations 161.565 151.760 9.805 6,5% Commission for APV 6.738 5.833 905 15,5% Commission for CAV 3.765 3.612 154 4,3% Commission for Pensio
Slide 8: Operating Expenses Breakdown
Operating Expenses Breakdown CONSOLIDATED CONSOLIDATED Var % Var EXPENSES BREAK DOWN [CLP MM] RESULTS DIC 2018 RESULTS DIC 2017 18/ 17 18/ 17 Administrative Employees Wages (19.621) (19.441) (180) 0,9% Sales Employees Wages (15.702) (12.284) (3.418) 27,8% Employee short terms benefits (6.697) (5.763
Slide 9: Consolidated Balance
Consolidated Balance CONSOLIDATED CONSOLIDATED Var % Var BALANCE [CLP MM] RESULTS DIC 2018 RESULTS DIC 2017 18/ 17 18/ 17 Cash and Equivalents 61.168 53.948 7.219 13,4% Financial Assets to reasonable value with changes on results 1.857 417 1.440 345,0% Trade Debtors and accounts receivable 3.741 3.3
Slide 10: Consolidated Results Evolution
Consolidated Results Evolution REVENUES [MM clp/ Year] EBITDAR [MM clp/ Year] +7,9% +8,3% 196.346 120.433 181.889 111.190 167.337 101.737 153.651 91.418 2015 2016 2017 2018 2015 2016 2017 2018 EBITDA [MM clp/ Year] NET PROFIT [MM clp/ Year] -9,6% -12,7% 140.330 104.076 126.855 87.657 90.865 109.078
Slide 11: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Achievements During the year 11
Slide 12: AFP Habitat: Return on Investment Chile
AFP Habitat: Return on Investment Chile 1st 2nd 3rd 4th 5th Cartola 12 meses (%) 36 meses (%) 60 meses (%) a A B C D E A B C D E A B C D E dic-18 -5,58 -3,54 -0,75 1,31 3,26 2,93 3,27 3,19 2,78 3,03 4,30 4,18 4,25 3,70 3,36 ago-18 5,01 4,02 2,89 1,77 2,16 5,41 4,88 3,66 2,48 2,40 7,20 6,29 5,55 4,39
Slide 13: AFP Habitat: Return on Investment Peru
AFP Habitat: Return on Investment Peru 1st 2nd 3rd 4th 12 Meses 36 Meses 60 Meses TIPO FONDO Habitat Integra Prima Profuturo Habitat Integra Prima Profuturo Habitat Integra Prima Profuturo TIPO 0 4,07 3,54 3,73 3,86 n/a n/a n/a n/a n/a n/a n/a n/a TIPO 1 1,76 0,62 1,50 0,90 8,12 6,37 7,36 5,95 8,68
Slide 14: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. AFP Habitat and Industry Overview 5. Achievements During the year 14
Slide 15: Stock Performance: Our Stock has being stable since 2014
Stock Performance: Our Stock has being stable since 2014, and the reason why our Market Cap has decreased versus 2017, it´s because the Chilean peso it is devalued before the US dollar. Stock Price [$ CLP] 925 910 938 910 1.000 814 800 800 610 600 696 630 400 200 365 2009 2010 2011 2012 2013 2014 20
Slide 16: Industry Overview: Second AFP by Affiliates and Contributors
Industry Overview: AFP Habitat it´s the second AFP with bigger quantity of Affiliates and Contributors, with a market share of 18% and 20%, respectively. Affiliates Contributors CAPITAL CAPITAL 15,2% PROVIDA CUPRUM 15,7% (1.629.979) 5,6% 25,4% (939.725) (599.887) PROVIDA (1.517.674) CUPRUM 28,0% 7,7
Slide 17: Industry Overview: Biggest Amount of Total Assets Managed
Industry Overview: AFP Habitat managed the biggest amount of total Assets, with a market share of 28%. Total Assets Under Management Market share $ CLP MM CAPITAL CUPRUM 37.594.407 19,2% 19,0% 33.474.127 25.727.806 25.501.919 24,9% 28,0% PROVIDA 7.489.877 HABITAT 4.556.580 3,4% 5,6% PLANVITAL MODELO
Slide 18: Industry Overview: Biggest Increase in Base Salary
Industry Overview: AFP Habitat was the AFP that has most increased the base salary (7,9%) during this 2018. Average Salary Base [clp] 840.612 CAPITAL +7,9% 1.472.863 CUPRUM 933.679 808.076 865.562 933.679 HABITAT HABITAT 2018 705.993 MODELO 543.062 PLANVITAL 2016 2017 2018 653.052 PROVIDA 793.573 SI
Slide 19: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. AFP Habitat and Industry Overview 5. Achievements During the year 19
Slide 20: Most Important Achievement during the Year
Most Important Achievement during the Year 1 For the Third Year Running, AFP Habitat is included in the Dow Jones Sustainability Index Chile. 2 AFP Habitat continues improving on the Chilean Great Place to Work Ranking, achieving this year the 39nd position (best position ever). 3 AFP Habitat raise