Inversiones La Construccion SA · BCS:ILC

Inversiones La Construccion SA — Investor Presentation (September 2015)

22 slides from Inversiones La Construccion SA's investor presentation, September 2015

  1. Slide 1: Company Presentation

    Estrictamente Privado y Confidencial Company Presentation September-15 Privado1y Confidencial 1

  2. Slide 2: Company Overview 1H15

    Estrictamente Privado y Confidencial Company Overview 1H15 Insurance Sector Revenues Net Income % Ownership  Supplemental health insurance US$91.3 M US$-7.2 M 99.9%  Life Insurance Company (Annuities) US$524.1 M US$18.6 M 72.4% Non-Insurance Sector Revenues Net Income % Ownership  Pension funds a

  3. Slide 3: ILC’s Highlights

    Estrictamente Privado y Confidencial ILC’s Highlights 2012 2013 Largest IPO in Awarded in ILC sold 51% D&S in Peru ILC acquired Peru (US$ 200 million) (1st auction) 67% Chile (US$ 468 million) (1st auction) (US$ 167 million) Jul-12 Dec-12 Jun-13 Sep-13 Nov-13 CGVC acquired MoU signed for MoU to shar

  4. Slide 4: Ownership and stock price

    Estrictamente Privado y Confidencial Ownership and stock price Ownership structure as of June 2015 Dividend (CLP) Ot hers Dividends/ Dividend yield at Year S t ockbrokers 5. 0% share $7,061 (IPO’s price) 11. 4% 2012 $548 7.76% 2013 $450 6.37% Int ernationals 2014 $449 6.36% 16. 6% TOTAL $1,447 20.5%

  5. Slide 5: Revenues come from…

    Estrictamente Privado y Confidencial Revenues come from… $ Pension Fund Retirement Insurance Healthcare 1.27% Commission fee 10% Voluntary savings Mandatory Health Insurance 7% Additional health contribution Gross Salary Taxes: Range 0% - 40% Voluntary Health Insurance Supplemental health insurance

  6. Slide 6: Our subsidiaries

    Estrictamente Privado y Confidencial Our Business Our subsidiaries Privado6y Confidencial 6

  7. Slide 7: Habitat

    Estrictamente Privado y Confidencial Habitat Inc ome Statement (Th. US$) J une 15 J une 14 Var % • Created in 1981 under the new provisional Revenues 119,650 109,188 9.6% system Cost of Sales 0 0 - Gros s Profit 119,650 109,188 9.6% • The only AFP under the same controller through all its history SG

  8. Slide 8: Habitat

    Estrictamente Privado y Confidencial Habitat Evolution of Habitat AUM (US$ Million) • Mandatory individual capitalization account 45,000 CAGR: 6.3% Contributions = 10% of gross salary (capped 42,653 42,820 43,102 43,000 41,805 at ~US$3,000 per month) 41,000 39,000 • Voluntary pension contributions 3

  9. Slide 9: Habitat Peru

    Estrictamente Privado y Confidencial Habitat Peru Affiliates v/s Market Share Evolution • As of June 1st 2013, Habitat started operations in Peru 600,000 9.2% 10.0% 8.2% 9.0% • All new entrants into the formal sector contribute 500,000 7.0% 8.0% into Habitat for two years 400,000 6.0% 7.0% 6.0% • De

  10. Slide 10: Our companies in the health business

    Estrictamente Privado y Confidencial Our companies in the health business Average monthly Average monthly Medical Bill contribution per contribution per contributor: USD $125.6 beneficiary: USD $18.7 % covered by: the person Monthly 10% of the premiums gross salary is % of the Net Co-payment the ave

  11. Slide 11: Consalud

    Estrictamente Privado y Confidencial Consalud Inc ome Statement (Th. US$*) J une 2015 J une 2014 Var. % • Created in 1984 under the new Revenues 281,225 264,598 6.3% provisional health system (Isapre) Cost of Sales (239,163) (215,900) 10.8% Gros s Margin 42,062 48,698 -13.6% • 99.9% owned by ILC SG&

  12. Slide 12: Consalud

    Estrictamente Privado y Confidencial Consalud Loss ratio (as of March 2015) Products offered 90.0% 86.1% 87.3% 84.3% 84.2% 85.0% 1.0% 83.4% 83.3% 1.8% 1.8% 2.9% Medical plans 2.2% 4.4% 80.0% • Open network plans 75.0% 18.7% 16.1% 9.6% 13.1% 16.2% 20.6% • Preferred provider plans 70.0% • Closed netwo

  13. Slide 13: Red Salud

    Estrictamente Privado y Confidencial Red Salud Income Statement (Th. US$*) June 2015 June 2014 Var. % Revenues 194,134 159,888 21.4% • One of the main private healthcare Cost of Sales (153,578) (126,289) 21.6% providers, reaching close to 18.6% of the private beds in Chile Gross Margin 40,556 33,599

  14. Slide 14: Red Salud: Main subsidiaries P&L (June-15)

    Estrictamente Privado y Confidencial Red Salud: Main subsidiaries P&L (June-15) Inc ome St at ement (Th. US$* - J une 2015) Megas alud Bic ent enario Tabanc ura Av ans alud Iquique ACR6*** Revenues 72,854 38,690 26,660 29,725 5,783 17,014 Cost of Sales (59,501) (31,676) (20,830) (22,610) (3,960) (12

  15. Slide 15: Vida Cámara

    Estrictamente Privado y Confidencial Vida Cámara Inc ome S t at ement • On January 2012 it was launched the (Th. US $*) J une 2015 J une 2014 V ar. % complementary health insurance business, adding more than 9,000 D&S Chile - Gross Profit** (9,331) (2,530) 269% D&S Peru - Gross Profit** (0,402) (3,8

  16. Slide 16: Vida Cámara

    Estrictamente Privado y Confidencial Vida Cámara Evolution of beneficiaries for the complementary health insurance 2 3 5 ,45 5 250,000 232,946 233,922 226,343 223,061 221,058 227,385 220,535 222,555 222,149 200,000 186,118 150,000 130,115 In average, more than 9,000 beneficiaries per month 100,000 7

  17. Slide 17: Corp Group Vida Chile

    Estrictamente Privado y Confidencial Corp Group Vida Chile In co m e Sta te m e n t Ju n e 1 5 Ju n e 1 4 Va r. % (Th . U S$ * ) • 14.3% Market share on Non- ins ur anc e ac tiv ity pr ofit (6 ,5 0 8 ) (3 ,9 0 6 ) 6 6 .6 % annuities Revenues from insurance activity 320,190 241,760 32.4% Revenues fro

  18. Slide 18: Corp Group Vida Chile – Subsidiaries results

    Estrictamente Privado y Confidencial Corp Group Vida Chile – Subsidiaries results In co m e Sta te m e n t Ju n e 1 5 Ju n e 1 4 Va r. % (Th . U S$ * ) Net Premiums Income 64,712 15,664 313.1% Net Investments Income 100,569 33,862 197.0% Cost of Sales (130,891) (49,138) 166.4% Operation Expenses (1,

  19. Slide 19: Financial Summary

    Estrictamente Privado y Confidencial Financial Summary Financial Summary Privado 19y Confidencial 19

  20. Slide 20: Financial Data (Th. US$)

    Estrictamente Privado y Confidencial Financial Data (Th. US$) Ba l a n ce Sh e e t In co m e Sta te m e n t Ju n e 1 5 Dec 14 Va r. % Ju n e 1 5 Ju n e 1 4 Va r. % (Th . U S$ * ) (Th . U S$ * ) N o n In su ra n ce Acti vi ty Current Assets 224,665 220,764 1.8% Operating Income 80,910 89,641 -9.7% No

  21. Slide 21: Financial Data (as of June 15)

    Estrictamente Privado y Confidencial Financial Data (as of June 15) Corp Group Vida Financial Debt ILC Habit at Vida Chile C. Mac halí Cons alud Red Salud TOTAL Cámara (Th. US$*) S. A. Short Term 79,872 79 - 302,164 1,363 102 98,356 481,936 Bonds 35,277 - - 15,976 - - 34,226 85,479 Bank Loans 44,595

  22. Slide 22: For more information, please contact

    Estrictamente Privado y Confidencial For more information, please contact with: Ignacio González R. Trinidad Valdés M. CFO Head of Investor Relations Phone: (56 2) 2477 4606 Phone: (56 2) 2477 4673 igonzalez@ilcinversiones.cl tvaldes@ilcinversiones.cl www.ilcinversiones.cl Privado y Confidencial 22

Inversiones La Construcción S.A. (ILC) — Investor Presentation (September 2015) on 6ix