Afp Habitat Sa · BCS:HABITAT
Afp Habitat Sa — Q1 2019 Earnings Presentation
19 slides from Afp Habitat Sa's earnings presentation, April 2019
Slide 1: Company Presentation Q1-2019 Results
Company Presentation Q1-2019 Results March 2019
Slide 2: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Relevant Events 2
Slide 3: Key Indicators
Key Indicators Habitat Contributors [Q] Habitat Contributors Market share [%] Average Base Salary [clp] +1,3% -0,5% +8,3% 1.163.115 1.177.874 20,1% 19,7% 955.617 882.457 feb.-18 feb.-19 feb.-18 feb.-19 feb.-18 feb.-19 Total AUM1 [MM clp] APV AUM 1 [MM clp] CAV AUM1 [MM clp] +10,8% +11,0% +5,8% 39.75
Slide 4: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Relevant Events 4
Slide 5: Income Statements
Income Statements CONSOLIDATED CONSOLIDATED Var % Var INCOME STATEMENTS [CLP MM] HABITAT ANDINA ADJUSTMENTS RESULTS MAR 19 RESULTS MAR 18 Q1-19/ Q1-18 Q1-19/ Q1-18 Ordinary Revenues 46.690 6.713 0 53.404 47.950 5.454 11,4% Employee Related Expenses (10.506) (1.667) 0 (12.173) (11.093) (1.079) 9,7% O
Slide 6: Revenues Breakdown
Revenues Breakdown CONSOLIDATED CONSOLIDATED Var % Var REVENUES BREAK DOWN [CLP MM] RESULTS MAR 19 RESULTS MAR 18 Q1-19/ Q1-18 Q1-19/ Q1-18 Commission for mandatory acreditations 42.879 39.834 3.046 7,6% Commission for APV 1.754 1.606 148 9,2% Commission for CAV 958 937 21 2,3% Commission for Pensio
Slide 7: Operating Expenses Breakdown
Operating Expenses Breakdown CONSOLIDATED CONSOLIDATED Var % Var EXPENSES BREAK DOWN [CLP MM] RESULTS MAR 19 RESULTS MAR 18 Q1-19/ Q1-18 Q1-19/ Q1-18 Administrative Employees Wages (4.741) (4.695) (47) 1,0% Sales Employees Wages (3.532) (3.251) (281) 8,6% Employee short terms benefits (2.383) (1.779
Slide 8: Consolidated Balance
Consolidated Balance CONSOLIDATED CONSOLIDATED Var % Var BALANCE [CLP MM] RESULTS MAR 19 RESULTS MAR 18 Q1-19/ Q1-18 Q1-19/ Q1-18 Cash and Equivalents 69.996 61.168 8.828 14,4% Financial Assets at fair value (with changes in net results) 881 1.857 (976) -52,5% Commercial Debtors and Accounts Receiva
Slide 9: Consolidated Results Evolution
Consolidated Results Evolution REVENUES [MM clp/ Year] EBITDAR [MM clp/ Year] 196.346 120.433 181.889 111.190 167.337 101.737 +7,6% +13,9% 46.690 30.396 34.625 43.404 2016 2017 2018 mar.-18 mar.-19 2016 2017 2018 mar.-18 mar.-19 EBITDA [MM clp/ Year] NET PROFIT [MM clp/ Year] 140.330 104.076 126.855
Slide 10: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. Industry Overview 5. Relevant Events 10
Slide 11: AFP Habitat: Return on Investment Chile
AFP Habitat: Return on Investment Chile 1st 2nd 3rd 4th 5th Period 12 months (%) 36 months (%) 60 months (%) A B C D E A B C D E A B C D E mar-19 2,32 2,9 4,56 5,52 5,83 6,03 5,62 4,99 4,08 3,55 NA NA NA NA NA dic-18 -5,58 -3,54 -0,75 1,31 3,26 2,93 3,27 3,19 2,78 3,03 4,30 4,18 4,25 3,70 3,36 ago-1
Slide 12: AFP Habitat: Return on Investment Peru
AFP Habitat: Return on Investment Peru 1st 2nd 3rd 4th 12 Months 36 Months 60 Months TYPE OF FUND Habitat Integra Prima Profuturo Habitat Integra Prima Profuturo Habitat Integra Prima Profuturo TIPO 0 4,04 3,58 3,78 3,90 n/a n/a n/a n/a n/a n/a n/a n/a TIPO 1 2,57 1,60 2,55 1,70 8,07 6,52 7,18 6,14
Slide 13: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. AFP Habitat and Industry Overview 5. Relevant Events 13
Slide 14: Stock Performance: Our Stock has being stable since 2014
Stock Performance: Our Stock has being stable since 2014, and the reason why our Market Cap has decreased versus 2017, it´s because the Chilean peso it has been devalued before the US dollar. Stock Price [$ CLP] 925 910 938 910 929 1.000 814 800 800 610 600 696 630 400 200 365 2009 2010 2011 2012 20
Slide 15: Industry Overview: Second AFP by Affiliates and Contributors
Industry Overview: AFP Habitat it´s the second AFP with bigger quantity of Affiliates and Contributors, with a market share of 18,3% and 19,7%, respectively. Affiliates Contributors CAPITAL CAPITAL 15,1% PROVIDA CUPRUM 15,4% (1.625.096) 5,5% 25,1% (925.523) PROVIDA (597.531) (1.504.268) CUPRUM 27,7%
Slide 16: Industry Overview: Biggest Amount of Total Assets
Industry Overview: AFP Habitat managed the biggest amount of total Assets, with a market share of 28,1%. Total Assets Under Management Market share $ CLP MM CAPITAL CUPRUM 39.751.206 19,2% 18,8% 35.097.898 27.164.513 26.610.416 24,8% 28,1% PROVIDA 8.135.916 HABITAT 4.927.475 3,5% 5,7% PLANVITAL MODE
Slide 17: Industry Overview: Largest Increase in Base Salary
Industry Overview: AFP Habitat was the AFP that has most increased the base salary (2,3%) since December 2018. Average Salary Base [clp] 851.090 CAPITAL +2,3% 1.482.101 CUPRUM 933.679 955.617 865.562 955.617 HABITAT feb.-19 HABITAT 689.871 MODELO 545.755 PLANVITAL 2017 2018 feb.-19 662.126 PROVIDA +
Slide 18: Agenda
AGENDA 1. Key Indicators 2. Principal Financial Results 3. Return on Investments Overview 4. AFP Habitat and Industry Overview 5. Relevant Events 18
Slide 19: Relevant events realized during this first Quarter
Relevant events realized during this first Quarter. We made our third public account The new Habitat APP We inaugurated the was launched new branch Temuco 19