Qualitas Controladora S.a.b. De C.v. · BMV:Q

Qualitas Controladora S.a.b. De C.v — Q4 2012 Earnings Presentation

25 slides from Qualitas Controladora S.a.b. De C.v's earnings presentation, 2013

  1. Slide 1: Earning Results 4Q12

    EARNING RESULTS 4Q12 Quálitas Controladora and Quálitas Compañía de Seguros

  2. Slide 2: Contents

    Contents Introduction - Financial Institutions Segment - Pending Trials - Dividend Policy / Share Buyback Program - Change in Accounting Policy 2011 Results - Financial Figures of the Holding – QC - Financial Figures of Quálitas - Q - Premiums Written by Segment - Insured Vehicles - Sale of New Unit

  3. Slide 3: Financial Institutions Segment Positioning and Trends

    Financial Institutions Segment Positioning and Trends Reciprocity Model Automobile Financing Source: AMDA document elaborated with JATO Dynamic’s 3 information.

  4. Slide 4: Pending Trials

    Pending Trials 2002 – VAT Trial in acquisition of salvage Impact on Financial Statements Amount -62 Provision 10 Charge to 4Q12 Income -52 4

  5. Slide 5: Dividend Policy / Share Buyback Program

    Dividend Policy / Share Buyback Program 2013 Dividend Payment and Share Buyback Program 1. The payment of a cash dividend of up to $ 315,000,000, which represents $ 0.70 per CPO, to be paid in April. 2. The creation of a share buyback program of up to $ 135,000,000. Annual Dividend Policy a) It will

  6. Slide 6: Change in Accounting Policy 2011

    Change in Accounting Policy 2011 Impact per quarter Impact Income Statement during the 1Q11 2Q11 3Q11 4Q11 Account year Acquisition Cost 195 71 52 154 472 Deferred Taxes -37 -43 -16 -46 -142 Net Income 158 28 36 108 330 Charge due to 4Q11 Reverse in charges Net effect in 4Q11 accounting change made

  7. Slide 7: Financial Figures and Results of Quálitas Controladora Holding – QC

    Financial Figures and Results of Quálitas Controladora, S.A.B. de C.V. Holding – QC Throughout the document, figures are expressed in million pesos, except when is otherwise specified. Variations expressed are regard to the same period in 2011. 7

  8. Slide 8: Quálitas Controladora Balance Sheet

    Quálitas Controladora Balance Sheet As of December 31 Assets 2012 2011 Ch % Securities 8,194 - NA Overnight 1,205 - NA Loans 16 - NA Property 767 - NA Reserve for Labor Obligations 48 - NA Cash and Cash Equivalents 61 0.08 NA Debtors 511 0.04 NA Premiums 6,008 - NA Reinsurers and Re-Bonding Companie

  9. Slide 9: Quálitas Controladora Income Statement

    Quálitas Controladora Income Statement Fourth Quarter 4Q12 4Q11 % Inc. Premiums Written $ 460 $ - NA Net Premiums Written 556 - NA Premiums Earned 386 - NA Aquisition Cost 156 - NA L&LAE Cost 207 - NA Underwriting Result 23 - NA Operating Expenses 179 0.05 NA Operating Result -156 -0.05 NA Integral

  10. Slide 10: Financial Figures and Results of Quálitas Compañía de Seguros

    Financial Figures and Results of Quálitas Compañía de Seguros, S.A.B. de C.V. 10

  11. Slide 11: Financial Figures 3Q12

    Financial Figures 3Q12 FINANCIAL FIGURES 4Q12 4Q11 Ch.% RESULTS Premiums Written 3,710 3,291 12.7% Net Premiums Written 3,707 3,252 14.0% Premiums Earned 3,238 2,756 17.5% Acquisition Cost 886 467 89.8% L&LAE Cost 2,057 1,928 6.7% Underwriting Result 295 361 -18.3% Operating Expenses 143 97 46.9% Op

  12. Slide 12: Financial Figures as of September 30, 2012

    Financial Figures as of September 30, 2012 BALANCE SHEET FIGURES Cash & Investments 9,025 7,717 16.9% Total Assets 17,790 15,063 18.1% Technical Reserves 11,300 9,547 18.4% Total Liabilities 14,654 12,490 17.3% Stockholder´s Equity 3,136 2,573 21.9% 12

  13. Slide 13: Premiums Written by Segment

    Premiums Written by Segment Segment 4Q12 4Q11 Ch. $ Ch. % Individual 1,190 1,083 251 9.9% Fleet 765 783 -161 -2.4% Sum of Traditional 1,955 1,866 90 4.8% Toll Roads 113 107 5.70 5.3% Financial Institutions 1,603 1,286 316 24.7% Subsidiaries 39 32 7.03 21.8% Total 3,710 3,291 419 12.7% -0.3 pts 0.1 p

  14. Slide 14: Insured Vehicles

    Insured Vehicles Business Line 4Q12 4Q11 Ch. % Automobiles 1,261,540 1,130,761 11.6% Trucks 482,835 422,162 14.4% Subtotal 1,744,375 1,552,923 12.3% Tourists 90,450 61,240 47.7% Motorcycles 48,582 27,390 77.4% Insured Vehicles 1,883,407 1,641,553 14.7% CAGR*: 8.2% *CAGR: Compound Annual Growth Rate

  15. Slide 15: Sale of New Vehicles

    Sale of New Vehicles ** Source: AMIA y ANPACT 15

  16. Slide 16: Acquisition Ratio

    Acquisition Ratio Per Quarter 23.9% 4208 4209 4Q10 4Qll 4Q12 Quarterly Performance Annual 93.2% vax 23.9% 19.6% 22.1% 20.8% 21.0% 22.0% 19.3% 14.4 4Q11 1Q12 2Q12 3Q12 4Q12 2008 2009 2010 2011 2012

  17. Slide 17: L&LAE Ratio

    L&LAE Ratio Per Quarter 82.8% 4208 4009 4Q10 4Q11 4Q12 Quarterly Performance Annual 77.0% 9 70.0% 68.4% 67.9% No. 4Ql1 1Q12 2Q12 3Q12 4Q12 2008 2009 2010 2011 2012

  18. Slide 18: Operating Ratio

    Operating Ratio Per Quarter 4.2% 3.9% 2.7% 3.0% 2.3% 4Q08 4Q09 4Q10 4Qi1 4Q12 Quarterly Performance Annual 3.9% 3.5% 2.8% 2.6% \Y ma - 4Qi1 2Q12 4Q12 2009 2010 2011 2012 18

  19. Slide 19: Combined Ratio

    Combined Ratio Comparativo Trimestral 104.4% 104.2% 95.4% 91.3% 7.3% 4T08 4T09 4T10 4711 4712 Quarterly Performance Annual 91.3% 98.7% 98.5% 99.4% o- oo 94.2% 89.7% 4Qi1 1Q12 2Q12 3Q12 4Q12 2008 2009 2010 2011 2012

  20. Slide 20: Integral Financing Result

    Integral Financing Result Return on Investments 4Q12 11.3% Investment Portfolio VAR 20

  21. Slide 21: Cash and Investments / CPO and Dividends

    Cash and Investments / CPO Dividends x CPO 2002 2.43 CAGR*: 24.1% 2003 3.45 2004 4.90 $0.075 2005 5.70 $0.125 2006 7.50 2007 11.30 2008 13.05 2009 13.70 $0.300 2010 13.89 $0.400 2011 17.15 9M12 2012 21.02 $0.500 Cash x CPO *CAGR: Compound Annual Growth Rate 21

  22. Slide 22: Solvency Margin

    Solvency Margin 46.8% 4,730 1,737 1,789 sep-10 dec-10 mar-11 jun-11 sep-11 dec-11 mar-12 jun-12 sep-12 dec-12 ga Minimum Equity Requirement mam Solvency Margin —e=— % Solvency Margin Ratio

  23. Slide 23: Financial Ratios

    Financial Ratios RATIOS 12M ROE 12M Proforma 47.8% ROE 12M Proforma 44.5% EBTDA Margin 12M 15.4% Net Margin 12M 10.5% Return on Investments 12M 8.9% Premiums Written Growth 12M 21.2% Insured Vehicles Growth 13.5% CPO in Circulation 450 Net Result 12M 1,384 Earnings Per Share (EPS) 12M 3.08 Leverage

  24. Slide 24: Mandatory Insurance Guidance

    Trends Mandatory Insurance Indemnification/Compensation Change, Mexico's Federal Labor Law (LFT) Guidance

  25. Slide 25: Disclaimer

    Disclaimer Information discussed on today’s webcast may include forward- looking statements regarding the company’s results and prospects, which are subject to risks and uncertainty. Actual results may differ materially from what is discussed here today, and the Company cautions you not to place und

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