Afp Habitat Sa · BCS:HABITAT
Afp Habitat Sa — Q1 2020 Earnings Presentation
19 slides from Afp Habitat Sa's earnings presentation, March 2020
Slide 1: Company Presentation Q1-2020 Results
Company Presentation Q1-2020 Results March 2020
Slide 2: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Relevant Events 2
Slide 3: Key Indicators
Key Indicators Habitat Contributors [Q] Habitat Contributors Market share [%] Average Base Salary [clp] -2,6% -0,9% +7,3% 1.177.874 1.147.694 19,7% 18,8% 955.617 1.025.395 feb.-19 feb.-20 feb.-19 feb.-20 feb.-19 feb.-20 Total AUM [MM clp] APV AUM [MM clp] CAV AUM [MM clp] +3,0% +12,5% +16,3% 39.751.
Slide 4: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Relevant Events 4
Slide 5: Income Statements
Income Statements Current Exercise Last Exercise VAR % INCOME STATEMENT [M clp] Mar 2020 Mar 2019 [Q1 20 / Q1 19] Ordinary Revenues 61.782.145 53.403.825 15,7% Employee related Expenses (less) (18.200.347) (12.172.852) 49,5% Other operating expenses (less) (12.409.173) (8.088.444) 53,4% Depreciation
Slide 6: Revenues Breakdown
Revenues Breakdown Current Exercise Mar Last Exercise VAR VAR % Ordinary Incomes [MM clp] 2020 Mar 2019 [Q1 20/ Q1 19] [Q1 20/ Q1 19] Total Fees Revenues 49.641 46.595 3.046 7% Fees form Mandatory Contributions[10] 45.184 42.879 2.305 5% Fees for APV 2.038 1.754 284 16% Fees for CAV 1.163 958 204 21
Slide 7: Operating Expenses Breakdown
Operating Expenses Breakdown Current Exercise Last Exercise VAR VAR % Employee Expenses [MM clp] Mar 2020 Mar 2019 [Q1 20/ Q1 19] [Q1 20/ Q1 19] Administrative Staff Wages and Salaries (7.855) (4.741) (3.114) 66% Sales Staff Wages and Salaries (5.594) (3.532) (2.062) 58% Short – term Employee Benefi
Slide 8: Consolidated Balance
Consolidated Balance Current VAR % Current Last VAR % Last Exercise ASSETS [M clp] Exercise Mar [Q1 20 / Q4 LIABILITIES AND EQUITY [M clp] Exercise Mar Exercise [Q1 20 / Q4 Dec 2019 2020 19] 2020 Dec 2019 19] Cash and Equivalents 50.534.169 42.255.016 19,6% 3.648.469 3.814.021 -4,3% Interest Bearing
Slide 9: Consolidated Results Evolution
Consolidated Results Evolution REVENUES [MM clp/ Year] EBITDAR [MM clp/ Year] 222.264 196.346 181.889 130.218 111.190 120.437 +15,7% -6,5% 53.404 61.782 34.628 32.376 2017 2018 2019 mar.-19 mar.-20 2017 2018 2019 mar.-19 mar.-20 EBITDA [MM clp/ Year] NET PROFIT [MM clp/ Year] 191.281 140.330 135.124
Slide 10: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Relevant Events 10
Slide 11: AFP Habitat: Real Return on Investment Chile
AFP Habitat: Real Return on Investment Chile Date 12 meses (%) 36 meses (%) 60 meses (%) 1st 2nd 3rd 4th 5th To A B C D E A B C D E A B C D E mar-20 -8,09 -6,00 -2,92 -1,85 0,95 -0,64 0,09 1,27 1,4 2,31 - - - - - dic-19 19,86 17,67 17,78 15,86 11,96 11,08 10,08 9,73 8,35 7,09 5,77 5,36 5,31 4,64 3,7
Slide 12: AFP Habitat: Return on Investment Peru and Colombia
AFP Habitat: Return on Investment Peru and Colombia 1st 2nd 3rd 4th PERU AFP HABITAT 12 Months (%) 36 Months (%) 60 Months (%) Date To TIPO 0 TIPO 1 TIPO 2 TIPO 3 TIPO 0 TIPO 1 TIPO 2 TIPO 3 TIPO 0 TIPO 1 TIPO 2 TIPO 3 mar-20 4,53 4,91 1,441 -5,48 4,57 6,484 5,169 2,667 - 7,125 6,249 4,351 dic-19 4,
Slide 13: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. AFP Habitat and Industry Overview 5. Relevant Events 13
Slide 14: Stock Performance
Stock Performance Stock Price [$ CLP] 925 910 938 910 1.000 814 800 800 670 610 600 696 500 630 400 200 365 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 03/20 Market Cap [$ USD Billions] 1,93 2,0 1,50 1,52 -34,3% 1,5 1,30 1,21 1,33 1,20 1,31 1,15 1,0 0,90 0,72 0,59 0,5 0,0 2009 2010 2011 2
Slide 15: Industry Overview: Biggest amount of total assets under management
Industry Overview: AFP Habitat managed the biggest amount of total Assets, with a market share of 28,3%. Total Assets Under Management Market share $ CLP MM CAPITAL CUPRUM 40.928.577 19,4% 17,9% 35.345.440 UNO 27.976.765 0,0% 25.851.011 24,5% 28,3% 8.646.899 PROVIDA 5.638.745 3,9% HABITAT 69.195 6,0
Slide 16: Industry Overview: Third AFP by number of contributors
Industry Overview: AFP Habitat it´s the third AFP with bigger quantity of Contributors, with a market share of 18,8%. Affiliates Contributors UNO CAPITAL UNO CAPITAL 14,8% CUPRUM PROVIDA 15,1% (1.619.863) 5,3% (925.966) PROVIDA 0,5% 24,3% 1,6% (584.931) CUPRUM 26,9% (54.858) (1.482.598) (97.243) 6,9
Slide 17: Industry Overview: Biggest increase in base salary
Industry Overview: AFP Habitat was the AFP has most increased the base salary (2,0%) since December 2019. Average Salary Base [clp] 908.911 CAPITAL +2,0% 1.528.004 CUPRUM 1.004.803 1.025.395 933.679 1.025.395 HABITAT HABITAT jun.-19 725.257 MODELO 607.684 PLANVITAL 2018 2019 mar.-20 701.241 PROVIDA
Slide 18: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. AFP Habitat and Industry Overview 5. Relevant Events 18
Slide 19: Relevant events realized during this First Quarter
Relevant events realized during this First Quarter. We are development a program for environmental protection We continues advancing with the grant fund “Piensa en Grandes” Branches Network During this first quarter of the year, we have maintained open the 80% of our branches network, despite this e