Qualitas Controladora S.a.b. De C.v. · BMV:Q
Qualitas Controladora S.a.b. De C.v — Investor Presentation (2023)
21 slides from Qualitas Controladora S.a.b. De C.v's investor presentation, 2023
Slide 1: Corporate presentation 1st quarter 2023
Corporate presentation 1st quarter 2023 1
Slide 2: Index
Corporate presentation 1st quarter 2023 Index 01 Leaders for more than 15 years 02 Going forward… 03 Value creation 04 Industry landscape 05 Our stock 06 Analysts 07 Appendix 2
Slide 3: Our essence
01. Our essence 29 years in the International Technological market, presence; innovation 16 years as market Operation in 5 for risks, accidents leaders countries: and fraud A unique Mexico, United We have the prevention, as Walking business model, States, Peru, Costa largest network well as to find
Slide 4: Corporate structure
01. Corporate structure GEOGRAPHIC SUBSIDIARIES: VERTICAL INTEGRATION: We seek to expand and replicate our business model, having Operational efficiencies, which allow us to reduce our costs, a greater income diversification and potentialize growth. improve service to policyholders and increase prof
Slide 5: Qualitas' DNA
01. Qualitas’ DNA QUALITAS OPERATIONAL CENTER: Technological systems used in +5.0 MILLION our call center are design in insured units house. POLICYHOLDERS Automatic assignment of claim officers using ~20,200 geolocation tools. Agents play a fundamental role in AGENTS Mexico & Latin America (National
Slide 6: Competitive advantages
02. Competitive advantages Risk prevention and fraud service • Data analysis: 28 years of experience + unique data base • Telematics, GPS devices, recovery rate above the industry • Training for drivers and operators to reduce and avoid accidents and claims Technologic and operative efficiencies • E
Slide 7: Going forward…
02. Going forward… Strengthen our Accelerate growth in Actively looking for new leadership in Mexico our subsidiaries business opportunities • Through technological and • Capitalize them to boost its growth • Expand our service to other product innovation. in profitable manner. business lines such a
Slide 8: Sustainability
02. Sustainability ENVIRONMENTAL Social Responsibility Committee reports to the BoD ▪ ~40% of our fleet is hybrid E ▪ Solar panels in specific service offices ▪ Annual reforestation campaign ▪ Above 88% of paperless processes SOCIAL ▪ Awareness program “Conducta Vial Quálitas (CVQ)” for responsible
Slide 9: Value creation
03. Value creation Written premiums Operating result Net result CAGR 9.9% CAGR (43.1%) CAGR (6.9%) 1,074 876 897 736 510 12,241 191 9,705 9,796 1Q21 1Q22 1Q23 1Q21 1Q22 1Q23 1Q21 1Q22 1Q23 Earned premiums Comprehensive financial income CAGR 4.1% CAGR 9.6% 981 1.7% 7.3% OPERATING NET 531 Margin Margi
Slide 10: Value creation: Premiums & insured units
03. Value creation Premiums & insured units Δ %/pb 16.0% Business line 1Q23 1Q22 23 vs 22 Traditional 8,100 6,174 31.2% Individual 4,887 3,536 38.2% Fleets 3,213 2,638 21.8% Financial institutions 3,313 2,579 28.5% Foreign subsidiaries 817 927 (11.8%) 84.0% Total 12,241 9,796 25.0% Annual Multiannua
Slide 11: Value creation: Ratios
03. Value creation Ratios Acquisition Loss 25.0% 74.0% 24.0% 69.4% 23.5% 24.0% 65.8% 68.0% 23.2% 61.3% 23.0% 59.3% 62.0% 22.4% 22.2% 22.0% 56.0% 52.7% 21.0% 50.0% 1Q19 1Q20 1Q21 1Q22 1Q23 1Q19 1Q20 1Q21 1Q22 1Q23 Operation Combined 5.7% 6.0% 95.7% 98.0% 93.5% 5.0% 87.5% 91.0% 86.6% 4.0% 4.1% 3.7% 4.
Slide 12: Investment portfolio
03. Value creation Investment portfolio Total portfolio Portfolio by subsidiary Cash & Equivalents 6.5% 7.2% Loans 0.7% Others 1.2% 1.6% 1.2% International bonds 12.8% 12.0% QCR 2.1% 2.2% International Financial Org. 2.2% 0.0% 11.7% Quasi-government 2.3% QIC 2.0% 10.4% Equities 16.1% 26.8% 8.9% QCin
Slide 13: Industry landscape: Market share
04. Industry landscape Market share Market share by segment 11.6% 16.6% 15.7% 15.5% 15.0% 15.6% 15.9% 25.7% Cars 18.7% 18.1% 18.0% 11.7% 12.8% 12.4% 11.8% 12.2% 16.1% 12.0% 13.7% 13.2% 12.4% 4.8% 3.6% 3.2% 3.1% 2.7% 2.6% 2.4% 45.0% Trucks 5.8% 6.5% 6.3% 6.3% 4.9% 5.8% 7.0% 6.5% 6.1% 6.3% 3.6% 4.0% 5
Slide 14: New car sales in Mexico
04. Industry landscape New car sales in Mexico apr-22 may-22 jun-22 jul-22 aug-22 sep-22 oct-22 nov-22 dec-22 jan-23 feb-23 mar-23 55.0% 44.5% 44.0% 45.0% 39.1% 34.2% 34.2% 33.2% 32.8% 29.8% 35.0% 24.1% 26.6% 28.0% 25.0% 24.8% 15.5% 15.7% 20.1% 11.0% 20.4% 17.8% 18.1% 15.0% 13.3% 5.0% 5.2% 1.9% 1.6%
Slide 15: Auto theft & recovery in Mexico
04. Industry landscape Auto theft & recovery in Mexico Qualitas* recovery 45.7%, + 2.3 pp vs the industry average 25000 22,640 22,248 20000 19,517 14,978 14,710 3.6% Robo a to Theft la industria Industry 15000 47.3% 4.4% Robo a Quálitas 41.4% 44.1% 45.7% 41.4% Theft to Qualitas 10000 6,690 5,553 4,5
Slide 16: Our stock
05. Our stock Q* stock performance Q* was listed on the Traded volumen Marketability index Mexican Stock Exchange since (daily average) 2005. Mar 23 Included in 6 indexes: Traded Volume 17 S&P/BMV IPC, Total México ESG, volume* (MM USD) S&P/BMV Rentable, FTSE BIVA Mid cap, DJS Mila Pacific 1Q23 1,21
Slide 17: Analysts
06. Analysts 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@cibanco.com T
Slide 18: IR team contacts
IR team contacts Santiago Monroy smonroy@qualitas.com.mx T: +52 (55) 1555-6056 Andrea González angonzalez@qualitas.com.mx T: +52 (55) 1555-6316 Raquel Leetoy rleetoy@qualitas.com.mx T: +52 (55) 1555-6313 18
Slide 19: Financial highlights: Income statement
07. Financial highlights < Quaterly Δ %/bp Income Statement 1Q23 1Q22 23 vs 22 Written premiums 12,241 9,796 25.0% Net written premiums 12,187 9,587 27.1% Earned premiums 11,117 9,291 19.7% Acquisition cost 2,869 2,300 24.8% Loss cost 7,721 6,118 26.2% Technical result 527 873 (39.6%) Operating expe
Slide 20: Financial highlights: Profitability and balance sheet
07. Financial highlights < Quaterly Δ %/bp Profitability ratios 1Q23 1Q22 23 vs 22 Return on investments 9.8% 3.3% 655 ROE for the period 18.0% 14.3% 371 LTM ROE 11.5% 17.0% (551) Balance Sheet Assets 77,701 72,715 6.9% Investments & Real Estate 39,070 36,903 5.9% Invested assets or float** 36,855 3
Slide 21: Financial highlights: 2023 AGM dividend and solvency
07. Financial highlights 2023 AGM 1000% 20,000 900% Cash dividend payment 800% 18,000 172% amount of 16,000 718% 700% $2,000,000,000 pesos 3,634 14,000 565% Surplus 600% equivalent 3,151 to $5.0 pesos 3,386 12,227 14,427 12,000 16,220 500% per share, payable in 14,006 400% two exhibitions: 10,000 44