Inversiones La Construccion Sa · BCS:ILC
Inversiones La Construccion Sa — Q3 2025 Earnings Presentation
41 slides from Inversiones La Construccion Sa's earnings presentation, November 2025
Slide 1: Conference Call 3Q25
Conference Call 3Q25 /2025NOV. NOV. /2025 1
Slide 2: Disclaimer
DISCLAIMER Forward-looking statements are based on the beliefs and assumptions of ILC’s management, and on information currently available. They involve risks and uncertainties because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investo
Slide 3: Agenda
AGENDA 1 Context 2 3Q25 Milestones & Consolidated Results 3 Zoom-in by Division 4 ILC’s Financial Position 5 Wrap-Up and Conclusions NOV. /2025 3
Slide 4: Context
Chapter Context 01 NOV. /2025 4
Slide 5: 3Q25: Macroeconomic Context
3Q25: MACROECONOMIC CONTEXT IPSA, S&P500 AND PENSION FUND C QUARTERLY MONETARY POLICY RATE (MPR) % RETURNS(1) % IPSA S&P 500 Fund C 16% 14% 11.25% 12% 8.8% 10% 8.25% 7.2% 7.8% 5.5% 6.4% 8% 5,0% 4.75% 1.2% 6% 4% 2% - 3Q24 3Q25 Jan-23 Dec-23 Nov-24 Oct-25 CPI AND UF CHILE QUARTERLY VARIATION • Both th
Slide 6: 3Q25 Milestones & Consolidated Results
Chapter 3Q25 Milestones & 02 Consolidated Results NOV. /2025 6
Slide 7: 2025 Milestones
2025 MILESTONES 1. 2. 5. 6. BANCO CONFUTURO WAS BANCO REDSALUD SIGNED A INTERNACIONAL AWARDED 50% OF INTERNACIONAL BINDING AGREEMENT ACHIEVES 100% CONTRACT 11 OF THE ISSUES ITS FIRST AT1 TO ACQUIRE THE OWNERSHIP OF DISABILITY AND BOND NUEVO SANATORIO AUTOFIN SURVIVOR ALEMÁN INSURANCE. April 2025 Jun
Slide 8: Strong Performance of ILC Stock, Outperforming IPSA in 2024 and 2025 YTD
STRONG PERFORMANCE OF ILC STOCK, OUTPERFORMING IPSA IN 2024 AND 2025 YTD ILC STOCK PRICE VS IPSA INDEX 24/03: Stock Price Return 2025 YTD Ch$ Stock Price Return 2024 ILC’s inclusion in the IPSA 15.300 ILC Stock Return: +101.0% ILC: +20.3% Dividends: +7.9% Dividend Yield: +7.1% IPSA Return: +46.6% IP
Slide 9: Our Fundamental Pillars to Achieve Consistency
OUR FUNDAMENTAL PILLARS TO ACHIEVE GROWTH CONSISTENCY SUSTAINABILITY PROFITABILITY Our Purpose: Be leaders in the construction of social and economic value that improves people's quality of life STRONG FLEXIBILITY FINANCIAL POSITION NOV. /2025 9
Slide 10: First Nine Months Results Driven by Strong Performance Across Businesses
FIRST NINE MONTHS RESULTS DRIVEN BY STRONG PERFORMANCE ACROSS BUSINESSES PROFIT AND ROAE ILC(1) 18.3% 13.8% 12.0% 10.8% 10.6% 17.0% 19.6% 14.0% 19.2% Ch$ bn. Recurring Profit Extraordinary Profit / Loss +25.2% 243.0 12.3 182.6 180.6 129.4 146.6 90.3 91.0 86.5 88.4 57.8 90.8 (31.4) (18.3) (18.3) 2017
Slide 11: 3Q25 Results Executive Summary
3Q25 RESULTS EXECUTIVE SUMMARY PROFIT CONTRIBUTION PER DIVISION 3Q25 VS 3Q24 ILC PROFIT BREAKDOWN Ch$ bn. 3Q25 Ch$ bn. Banco Internacional 7.7 Confuturo 37.1 3.4 0.4 0.6 72.4 AFP Habitat 21.8 12.2 0.6 2.9 57.8 0.6 (5.2) (1.0) AAISA 8.1 RedSalud 4.6 Quarterly Variation in Recognition of Accounting Co
Slide 12: Zoom-in by Division
Chapter Zoom-in by 03 Division NOV. /2025 12
Slide 13: Banking
NOV. /2025 Banking @ Banco . internacional LC®
Slide 14: Significant Loan Growth Compared to the Industry
SIGNIFICANT LOAN GROWTH COMPARED TO THE INDUSTRY BANCO INTERNACIONAL LOANS MARKET SHARE BY SEGMENT(1) +11.5% Total Market US$ bn. Industry: +5.5%(1) Sept-24 Sept-25 Share Sept-25(1) 4.4 4% 3.9 Commercial 2.81% 2.91% Mortgages 3% 10% Loans 1.70% Consumer 8% 86% VS 1.60% Commercial 89% Consumer 1.03%
Slide 15: Establishing a Robust Funding Structure
ESTABLISHING A ROBUST FUNDING STRUCTURE FUNDING STRUCTURE SEPTEMEBER 2024 VS 2025 Ch$ bn. 5,384 4,770 9,4% In March 2025, the bank Two capital increases during Other issued UF 400,000 in 2025 liabilities 9,1% 12,3% subordinated bonds totaling Ch$28.5 billion Banks 10,8% 30,2% In April 2025, the Bank
Slide 16: Higher Loan Volumes and Autofin Contribution Partially Offset by Higher Operating Expenses
HIGHER LOAN VOLUMES AND AUTOFIN CONTRIBUTION PARTIALLY OFFSET BY HIGHER OPERATING EXPENSES GROSS OPERATING RESULT OPERATING EXPENSES EFFICIENCY RATIO(1) • Banco Internacional’s gross operating Ch$ bn. Ch$ bn. % income Gross operating income grew 27.6% +27.6% +41.1% 570 bps QoQ to Ch$52.1 billion, su
Slide 17: Higher Risk Expenses for Commercial and Autofin Loans
HIGHER RISK EXPENSES FOR COMMERCIAL AND AUTOFIN LOANS RISK EXPENSES Ch$ bn. 8.4 0.0 • Total risk expenses increased by Ch$2.4 billion 6.0 3.4 (QoQ), mainly due to higher provisions in Autofin 2.1 0.9 0.6 for, along with provisions and write-offs in 3.5 4.3 commercial banking 3Q24 3Q25 Commercial Con
Slide 18: Improved Loan Volumes and Better Performance from Autofin Offset by Higher Risk and Operational Expenses
IMPROVED LOAN VOLUMES AND BETTER PERFORMANCE FROM AUTOFIN OFFSET BY HIGHER RISK AND OPERATIONAL EXPENSES BANCO INTERNACIONAL PROFIT & ROAE Ch$ bn. Profit ROAE 18.9% 18.2% • Banco Internacional reported a net 15.8% 14.9% income of Ch$9.9 billion in 3Q25, 13.9% 13.0% compared to Ch$10.5 million in 3Q2
Slide 19: Annuities
NOV. /2025 Annuities confuturo LCA:
Slide 20: Strong Demand for Annuities, While Confuturo Maintained a Lower Market Share
STRONG DEMAND FOR ANNUITIES, WHILE CONFUTURO MAINTAINED A LOWER MARKET SHARE DURING THE QUARTER ANNUITY INDUSTRY PREMIUMS AND ANNUITY RATE VS PROGRAMED WITHDRAWAL RATE CONFUTURO'S MARKET SHARE Rate (%) Sep. 2025: UF MM 5% 3.54% QoQ 4% GROWTH 12.5% 3% 2% Sep. 2025: -20.5% 2.89% 8.0% 1% 2.7 - 3.4 +31.
Slide 21: Focus on Direct Sales Channel and Enhancing Cost Efficiency
FOCUS ON DIRECT SALES CHANNEL AND ENHANCING COST EFFICIENCY ANNUITIES SOLD BY CHANNEL SG&A AND SG&A OVER AUM(1) 18% 15% 1.06% 1.07% 25% 1.02% 1.01% 28% 0.91% 62% 0.43% 0.45% 0.42% 0.40% 31% 47% 0.34% 56% 31% Ch$ bn. +2.6% 9.5 9.7 8.5 7.4 7.1 18% 44% 41% 38% 27% 20% 3Q21 3Q22 3Q23 3Q24 3Q25 3Q21 3Q22
Slide 22: Stronger Investment Funds Result Drive Higher Earnings
STRONGER INVESTMENT FUNDS RESULT DRIVE HIGHER EARNINGS Ch$ bn. CONFUTURO INVESTMENT RESULT VARIATION Excluding CUI +16.9% • Investment result excluding CUI 15.0 1.5 122.3 increased 16.9% QoQ to Ch$122.3 6.3 1.6 (5.7) billion, mainly driven by higher 104.7 (1.2) returns on local fixed income, togethe
Slide 23: Investment Results Drive Confuturo's Profit
INVESTMENT RESULTS DRIVE CONFUTURO’S PROFIT CONFUTURO PROFIT & ROAE Ch$ bn. 26.7% 26.0% • Confuturo’s improved 133.1 14.6% 15.1% profit was mainly driven +41.2% 122.7 12.1% 12.4% by higher investment 94.8 results. 8.4% 86.3 70.0 6.0% 51.8 38.0 40.2 28.3 28.4 2018 2019 2020 2021 2022 2023 2024 Septem
Slide 24: Pensions
NOV. /2025 ae Ss ww Pensions HABITAT “Ate.aaisA Gos iLCA8:
Slide 25: Higher Revenues Boosted by Higher Taxable Income and Improved Legal Reserve Returns
HIGHER REVENUES BOOSTED BY HIGHER TAXABLE INCOME AND IMPROVED LEGAL RESERVE RETURNS REVENUES TAXABLE INCOME PER CONTRIBUTORS(1) Ch$ bn. CONTRIBUTOR(1) Ch$ Th. #2 Th. of People #3 +5.4% +7.7% -2.7% 62.3 65.7 947.9 922.6 • As of September 2025, the 1,473.6 1,586.4 average taxable income of AFP Habitat
Slide 26: Higher Revenues in AFP Habitat Peru and Colfondos, Alongside Improved Legal Reserve Performance
HIGHER REVENUES IN AFP HABITAT PERU AND COLFONDOS, ALONGSIDE IMPROVED LEGAL RESERVE PERFORMANCE REVENUES LEGAL RESERVE RETURNS REVENUES LEGAL RESERVE RETURNS REVENUES Ch$ bn. Ch$ bn. Ch$ bn. Ch$ bn. Ch$ bn. +34.5% +693.4% +21.5% +46.2% 27.3 11.6 22.5 7.0 8.6 10.5 2.8 7.2 0.4 - 3Q24 3Q25 3Q24 3Q25 3Q
Slide 27: Operational Results Driven by Increased Taxable Income
OPERATIONAL RESULTS DRIVEN BY INCREASED TAXABLE INCOME AFP HABITAT PROFIT(1) BEFORE TAXES AND LEGAL RESERVE RETURN Ch$ bn. EVOLUTION • AFP Habitat’s and AAISA’s profits were mainly driven by higher legal reserve returns, reflecting the strong 136.2 144.7 149.6 150.6 +3.7% 117.2 119.4 118.5 132.9 per
Slide 28: Health
NOV. /2025 QD VIDACAMARA LCA:
Slide 29: More Complex Inpatient Mix with Increased Activity in Dental and Outpatient Services
MORE COMPLEX INPATIENT MIX WITH INCREASED ACTIVITY IN DENTAL AND OUTPATIENT SERVICES REDSALUD OUTPATIENT AND DENTAL ACTIVITY INDICATORS MEDICAL EXAMS DENTAL CONSULTATION REVENEUS MM. MM. Th. +4.7% +9.8% +11.7% 2.6 2.8 21.4 1.37 1.43 19.1 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 REDSALUD INPATIENT ACTIVITY INDI
Slide 30: More Complex Mix Offset by Higher Clinical Material Costs
MORE COMPLEX MIX OFFSET BY HIGHER CLINICAL MATERIAL COSTS % 0.4% 0.8% 11.2% 0.2% 11.1% -1.4% 0.0% • The higher complexity mix in the inpatient segment, together with growth in dental and outpatient services, was offset by higher clinical material expenses RedSalud Personnel Medical Clinical Impairme
Slide 31: Diversifying Sources of Income
DIVERSIFYING SOURCES OF INCOME REDSALUD’S REVENUE BREAKDOWN BY INSURER % Isapre Fonasa Out of pocket and others 15% 19% 13% 16% 17% 20% 25% 23% 23% 20% • Public insurer Fonasa continues gaining relevance in the revenue 28% 37% 45% 27% 36% 41% 48% breakdown, reaching a 49% share 49% 49% 48% LTM. • Re
Slide 32: EBITDA Grew Across All Segments of the Network
EBITDA GREW ACROSS ALL SEGMENTS OF THE NETWORK EBITDA AND EBITDA MARGIN REDSALUD EBITDA BY CENTER TYPE Ch$ bn. EBITDA EBITDA Margin DENTAL AND OUTPATIENT CENTERS 14.2% 17.6% 13.3% 12.2% 8.8 12.3 11.8% 11.7% 11.2% 11.2% 11.1% 3Q24 3Q25 10.6% 10.8% METROPOLITAN REGION HOSPITALS 7.8% 11.0% 9.5% 95.0 8.
Slide 33: Recovery of the Average Monthly Contribution in Consalud
RECOVERY OF THE AVERAGE MONTHLY CONTRIBUTION IN CONSALUD CONSALUD AVERAGE MONTHLY CONTRIBUTION Loss Ratio 89.3% 97.3% 103.8% 97.4% 86.3% 88.1% 85.7% 81.7% UF 5.7 5.7 5.7 5.6 5.4 5.2 5.1 5.0 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 AUG/23 ENE/24 MAY/24 SEP/24 OCT/24 GES Price GES Price Superintendency
Slide 34: Stable Recurrent Profit Following Approval of the Payment Plan and Reduced Medical Leave Costs
STABLE RECURRENT PROFIT FOLLOWING APPROVAL OF THE PAYMENT PLAN AND REDUCED MEDICAL LEAVE COSTS Ch$ bn. 7.8 7.1 6.5 9.7 6.9 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 (5.2) (6.2) (18.3) (13.8) Accounting Total Liability Superintendency Short Isapres approved the Law (net of (31.4) Payment Plan, Total Li
Slide 35: Higher Premiums Driven by Growth in Beneficiaries Offset by Higher Loss Ratio
HIGHER PREMIUMS DRIVEN BY GROWTH IN BENEFICIARIES OFFSET BY HIGHER LOSS RATIO Dental Other 9% 1% VIDA CÁMARA LOSS RATIO(1) % Medicines 21% Outpatient 78.2% 75.3% 77.5% 79.3% 49% 3Q25 Inpatient 20% 3Q22 3Q23 3Q24 3Q25 Th. of People • Higher collections in health and life VIDA CÁMARA BENEFICIARIES +5.
Slide 36: Financial Position
Chapter Financial Position 04 NOV. /2025 36
Slide 37: Well-Managed Debt Maturity and Liquidity Position
WELL-MANAGED DEBT MATURITY AND LIQUIDITY POSITION ILC (STANDALONE) AMORTIZATION SCHEDULE Ch$ bn. 300 100 269 75 30 50 13 9 9 27 25 15 15 15 15 24 27 13 0 5 5 5 5 5 5 5 8 8 8 8 8 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 BEILC-C BEILC-H BEILC-J BEILC-I BEILC
Slide 38: Wrap-up and Conclusions
Chapter Wrap-up and 05 Conclusions NOV. /2025 38
Slide 39: Key Advances During the Quarter Towards Our Goals
KEY ADVANCES DURING THE QUARTER TOWARDS OUR GOALS • We continue to increase our stake in this strategic sector, reinforcing our commitment to growth, retail financing expansion, and diversification. As of 3Q25 we reached 111 thousand clients and achieved 11.5% YoY loan growth, outperforming the indu
Slide 40: Investor Day 2025
INVESTOR DAY 2025 December 4, 2025 8:15 a.m. The Ritz Carlton Santiago, Chile ILC 2030: New Opportunities in the Financial Sector Pablo González – CEO Reorganize to scale: 2025–2030 Roadmap Mario Chamorro - CEO NOV. /2025 *This event will be held exclusively in person 40
Slide 41: Conference Call 3Q25
Conference Call 3Q25 /2025NOV. NOV. /2025 41
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