Inversiones La Construccion Sa · BCS:ILC
Inversiones La Construccion Sa — Q2 2026 Earnings Presentation
36 slides from Inversiones La Construccion Sa's earnings presentation, September 2026
Slide 1: Conference Call 2Q26
Conference Call 2Q26 SEP. BE LEADERS IN THE CONSTRUCTION OF SOCIAL AND ECONOMIC VALUE /2026 THAT IMPROVES PEOPLE'S QUALITY OF LIFE 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. 2Q26 Milestones & Consolidated Results 3. Zoom-in by Division 4. ILC’s Financial Position 5. Wrap-Up and Conclusions SEP. /2026 3
Slide 4: Chapter: Context
CHAPTER Context 01 SEP. /2026 4
Slide 5: 2Q26: Macroeconomic Context
2Q26: MACROECONOMIC CONTEXT IPSA, S&P500 AND PENSION FUND C QUARTERLY MONETARY POLICY RATE (MPR) RETURNS(1) % % IPSA S&P 500 Fund C 8.25% 5,00% 4.75% 7.8% 10.6% 14.9% 4.50% 4.7% 1.9% 5.6% 2Q25 2Q26 Jan-24 Oct-24 Jul-25 Apr-26 CPI AND UF CHILE QUARTERLY VARIATION HIGHLIGHTS % CPI UF o The IPSA record
Slide 6: Chapter: 2Q26 Milestones & Consolidated Results
CHAPTER 2Q26 Milestones & 02 Consolidated Results SEP. /2026 6
Slide 7: Main Events – 2Q26 and Subsequent Periods
MAIN EVENTS – 2Q26 AND SUBSEQUENT PERIODS 1. 2. REDSALUD COMPLETES CAPITAL INCREASE ACQUISITION OF AT REDSALUD NUEVO SANATORIO ALEMÁN January 2026 April 2026 3. 4. CONFUTURO WAS PROPOSED CAPITAL AWARDED FIVE INCREASE AT PORTFOLIO REDSALUD PAYABLE FRACTIONS OF WITH THE STAKE IN CONTRACT 13 OF THE VID
Slide 8: First Six Months Results Driven by Strong Performance Across All Businesses
FIRST SIX MONTHS RESULTS DRIVEN BY STRONG PERFORMANCE ACROSS ALL BUSINESSES PROFIT AND ROAE ILC 18.3% 13.8% 12.0% 10.8% 10.6% 17.0% 19.6% 14.0% 23.4% 26.1% CLP bn. Recurrent Profit Extraordinary Profit +1.9% 331.0 280.0 23.5 12.3 182.6 146.6 148.2 105.9 90.3 91.0 86.5 88.4 74.5 75.9 2017 2018 2019 2
Slide 9: Higher Banking and Pension Fund Results Offset by Lower Confuturo Investment Result
HIGHER BANKING AND PENSION FUND RESULTS OFFSET BY LOWER INVESTMENT RESULT IN CONFUTURO ILC PROFIT BREAKDOWN PROFIT CONTRIBUTION PER DIVISION - 2Q26 VS 2Q25 CLP bn. CLP bn. 2Q26 +1.9% Banco Internacional 22.1 14.5 9.0 1.3 4.0 Confuturo 8.0 1.5 74.5 3.7 75.9 (6.4) (8.6) AFP Habitat 22.6 (17.6) AAISA 1
Slide 10: Chapter: Zoom-in by Division
CHAPTER Zoom-in by 03 Division SEP. /2026 10
Slide 11: Banking
SEP. /2026 Banking @ Banco . internacional ikKC
Slide 12: Significant Loan Growth Compared to the Industry
SIGNIFICANT LOAN GROWTH COMPARED TO THE INDUSTRY BANCO INTERNACIONAL LOANS MARKET SHARE BY SEGMENT(1) +9.6% Jun-25 Jun-26 Total Market USD bn. Share jun-26(1) Industry: +4.8%(1) 5% Commercial 2.9% 3.0% Mortgages 3% 11% Loans 5.0 Consumer 10% 4.6 1.8% 84% Commercial 87% Consumer VS Loans 1.3% 1.6% 1.
Slide 13: Establishing a Robust Funding Structure
ESTABLISHING A ROBUST FUNDING STRUCTURE FUNDING STRUCTURE JUN-25 VS JUN-26 RETAIL TIME DEPOSITS EVOLUTION 64% 68% CLP bn. 6,348 60% 1,539 43.8% 1,324 5,375 19,9% 35.1% 1,036 820 24% Other 21% 24% 10,8% 564 16% liabilities 6,0% 13% Banks 8,9% 25,7% dec-22 dec-23 dec-24 dec-25 jun-26 Bonds 29,4% Retai
Slide 14: Higher Operating Results Due to Higher Commercial and Consumer Loan Volumes
HIGHER OPERATING RESULTS DUE TO HIGHER COMMERCIAL AND CONSUMER LOAN VOLUMES GROSS OPERATING RESULT OPERATING EXPENSES EFFICIENCY RATIO(1) o Gross operating result reached CLP 65.8 CLP bn. CLP bn. bn. in 2Q26, a 22.6% increase YoY, +22,6% +4,4% % -833 bps primarily explained by higher commercial and
Slide 15: Lower Risk Expenses Associated with Commercial Loans Partially Offset by Autofin Growth
LOWER RISK EXPENSES ASSOCIATED WITH COMMERCIAL LOANS PARTIALLY OFFSET BY AUTOFIN GROWTH RISK EXPENSES CLP bn. Commercial Consumer Autofin o Credit risk provisions reached CLP 4.1 bn. in 2Q26, a -66.3% 66.3% decrease YoY, primarily driven by lower 12.1 3.0 provisions in commercial loans, partially of
Slide 16: Sustained Earnings Growth
SUSTAINED EARNINGS GROWTH BANCO INTERNACIONAL PROFIT & ROAE Profit ROAE Industry ROAE CLP bn. 20.7% o Banco Internacional reported a net 18.9% 18.2% income of CLP 28.2 bn. in 2Q26, 17.3% 15.8% 16.1% compared to CLP 9.8 bn. in 2Q25. 14.9% 15.2% 15.0% 14.9% 15.5% 13.9% Autofin accounted for 19.0% of t
Slide 17: Annuities
SEP. /2026 Annuities confuturo ikKC
Slide 18: Strong Demand for Annuities, Confuturo Maintained Double-Digit Market Share
STRONG DEMAND FOR ANNUITIES, WHILE CONFUTURO MAINTAINED A DOUBLE-DIGIT MARKET SHARE QOQ ANNUITY RATE VS PROGRAMED WITHDRAWAL RATE ANNUITY INDUSTRY PREMIUMS AND CONFUTURO'S MARKET SHARE Rate (%) UF MM 5% Jun-26: 4% 3.31% 3% 12.0% Jun-26: 11.1% 2% QoQ 1% 2.84% GROWTH - 4.5 +8% 2018 2019 2020 2021 2022
Slide 19: Confuturo Investment Income Down 12.4% YoY on Weaker Investment Funds Performance
CONFUTURO INVESTMENT INCOME DOWN 12.4% YoY ON WEAKER INVESTMENT FUNDS PERFORMANCE CONFUTURO INVESTMENT RESULT VARIATION (EXCLUDING CUI) CLP bn. -12.4% 110.2 o Investment income excl. CUI declined (0.1) (0.0) 13.0 (1.9) 12.4% YoY to CLP 96.6 bn., driven 96.6 mainly by investment funds amid weaker (7.
Slide 20: Investment Results Drive Confuturo's Profit
INVESTMENT RESULTS DRIVE CONFUTURO’S PROFIT CONFUTURO PROFIT & ROAE CLP bn. Confuturo's profit Confuturo ROAE Industry ROAE o Confuturo recorded a net income of 26.7% 26.0% CLP 13.7 bn. in 2Q26, a 52.8% decrease YoY, primarily explained by a lower 19.1% 19.0% investment result from the proprietary 2
Slide 21: Pensions
SEP. /2026 ae Ss ww Pensions HABITAT “Ate.aaisA Gos ikKC
Slide 22: 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 CONTRIBUTOR CLP bn. CLP th. Th. people +4.2% +7.9% -6.5% 64.7 67.4 950 888 1,536 1,657 o As of June 2026, the average taxable income of AFP Habitat Chile contributors was 23.0
Slide 23: Higher Revenues in AFP Habitat Peru and Andina Vida
HIGHER REVENUES IN AFP HABITAT PERU AND ANDINA VIDA, ALONGSIDE IMPROVED LEGAL RESERVE PERFORMANCE REVENUES REVENUES REVENUES CLP bn. +18.1% CLP bn. -3.9% CLP bn. 9.4x 13.6 69.2 11.5 22.8 21.9 7.4 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 LEGAL RESERVE RETURNS LEGAL RESERVE RETURNS PROFIT CLP bn. CLP bn. CLP bn.
Slide 24: Improved Operational Results in AFP Habitat Chile and AAISA
IMPROVED OPERATIONAL RESULTS IN AFP HABITAT CHILE AND AAISA AFP HABITAT PROFIT(1) BEFORE TAXES AND LEGAL RESERVE RETURN EVOLUTION o AFP Habitat’s legal reserve CLP bn. returns increased 37.3% YoY, driven by the multi-funds with +5.2% greater equity exposure. 144.7 149.6 149.0 157.6 117.2 119.4 136.2
Slide 25: Health
SEP. /2026 QD VIDACAMARA ikKC
Slide 26: 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 CONSULTATION EXAMS DENTAL REVENUES MM. MM. CLP bn. +1.0% +1.7% +7.0% 2.77 2.81 21.3 1.42 1.43 19.9 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 REDSALUD INPATIENT ACTIVITY
Slide 27: RedSalud's EBITDA Margin Declined on Higher Receivables Impairment and Personnel Expenses
REDSALUD'S EBITDA MARGIN DECLINED ON HIGHER RECEIVABLES IMPAIRMENT AND PERSONNEL EXPENSES REDSALUD’S EBITDA MARGING BREAKDOWN % 12.9% 0.3% (0.5%) 0.8% 11.6% (1.0%) o The EBITDA margin was (0.9%) mainly affected by higher receivables impairment, mainly in the Metropolitan Region, and higher personnel
Slide 28: 2Q26 EBITDA Brings LTM EBITDA to CLP 108 Billion
2Q26 EBITDA BRINGS LTM EBITDA TO CLP 108 BILLION EBITDA AND EBITDA MARGIN REDSALUD EBITDA BY CENTER TYPE DENTAL AND OUTPATIENT CENTERS CLP bn. CLP bn. 11.9 12.6 EBITDA EBITDA Margin 17.6% 17.3% 13.3% 12.9% 2Q25 2Q26 12.2% 11.8% 11.9% 11.7% 11.6% METROPOLITAN REGION HOSPITALS 10.6% 11.2% 10.8% 12.2 1
Slide 29: Isapre Industry – Beneficiaries
ISAPRE INDUSTRY – BENEFICIARIES INFLOWS AND OUTFLOWS N°. of contracts New Contributors Disenrollments 50,000 40,000 30,000 20,000 10,000 0 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 SEP. /2026 Source: Superintendencia de Salud 29
Slide 30: Stable Recurrent Profit Following Approval of the Payment Plan
STABLE RECURRENT PROFIT FOLLOWING APPROVAL OF THE PAYMENT PLAN AND REDUCED MEDICAL LEAVE COSTS CONSALUD PROFIT EVOLUTION CLP bn. 89.3% 97.3% 103.8% 97.4% 86.3% 88.1% 81.2% 81.7% 79.6% 79.1% 81.8% 15.6 7.8 9.7 10.2 11.2 7.1 6.5 6.9 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 (5.2) (6.2) (1
Slide 31: Higher Premiums and a Lower Loss Ratio During 2Q26
HIGHER PREMIUMS AND A LOWER LOSS RATIO DURING 2Q26 Dental Other VIDA CÁMARA LOSS RATIO 8% 1% % 80.1% 75.8% 76.0% Medicines Outpatient 74.5% 74.8% 23% 50% 68.2% 2Q26 2022 2023 2024 2025 2Q25 2Q26 Inpatient 18% Th. of People VIDA CÁMARA BENEFICIARIES +2.3% o Higher collections in health and life Group
Slide 32: Chapter: ILC's Financial Position
CHAPTER ILC’s Financial 04 Position SEP. /2026 32
Slide 33: Well-Managed Debt Maturity and Liquidity Position
WELL-MANAGED DEBT MATURITY AND LIQUIDITY POSITION CLP bn. ILC (STANDALONE) AMORTIZATION SCHEDULE 252 14 28 9 15 30 15 24 28 14 6 6 6 6 6 6 8 8 8 8 8 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 BEILC-C BEILC-H BEILC-I BEILC-J BEILC-K 144A bond Bank debt RISK RATING
Slide 34: Chapter: Wrap-up and Conclusions
CHAPTER Wrap-up and 05 Conclusions SEP. /2026 34
Slide 35: 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 2Q26 we reached 127 thousand clients and achieved 9.6% YoY loan growth, outperforming the indus
Slide 36: KC
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