Inversiones La Construccion Sa · BCS:ILC

Inversiones La Construccion Sa — Q1 2026 Earnings Presentation

37 slides from Inversiones La Construccion Sa's earnings presentation, May 2026

  1. Slide 1: Conference Call 1Q26

    Conference Call 1Q26 MAY. BE LEADERS IN THE CONSTRUCTION OF SOCIAL AND ECONOMIC VALUE /2026 THAT IMPROVES PEOPLE'S QUALITY OF LIFE 1

  2. 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

  3. Slide 3: Agenda

    AGENDA 1. Context 2. 1Q26 Milestones & Consolidated Results 3. Zoom-in by Division 4. ILC’s Financial Position 5. Wrap-Up and Conclusions MAY. /2026 3

  4. Slide 4: Context

    CHAPTER Context 01 MAY. /2026 4

  5. Slide 5: 1Q26: Macroeconomic Context

    1Q26: 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% 4.50% 14.0% 2.3% 1.5% 0.2% (4.6%) (5.3%) Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 1T25 1T26 CPI AND UF CHILE QUARTERLY VARIATION HIGHLIGHTS % CPI UF o The I

  6. Slide 6: 1Q26 Milestones & Consolidated Results

    CHAPTER 1Q26 Milestones & 02 Consolidated Results MAY. /2026 6

  7. Slide 7: Main Events – 1Q26 and Subsequent Periods

    MAIN EVENTS – 1Q26 AND SUBSEQUENT PERIODS 1. 2. REDSALUD COMPLETES CAPITAL INCREASE ACQUISITION OF AT REDSALUD NUEVO SANATORIO ALEMÁN January 2026 April 2026 3. ANNUAL ORDINARY SHAREHOLDERS' MEETING 2026 MAY. April 2026 /2026 7

  8. Slide 8: Strong Performance of ILC Stock, Outperforming IPSA in 2025 and 2026 YTD

    STRONG PERFORMANCE OF ILC STOCK, OUTPERFORMING IPSA IN 2025 AND 2026 YTD ILC STOCK PRICE VS IPSA INDEX Stock Price Return 2025 Stock Price Return ILC: +139.1% $18.201 $21.503 2026 YTD Dividend Yield: +7.9% IPSA: +55.4% ILC: +18.1% Div. yield: +4.7% 10.429 10.748 IPSA : +2.5% $7.614 6.710 Jan-25 Mar-

  9. Slide 9: First Three Months Results Driven by Strong Performance Across All Businesses

    FIRST THREE 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% CLP bn. Recurrent Profit Extraordinary Profit +125% 280.0 23.5 12.3 182.6 146.6 148.2 105.9 90.3 91.0 86.5 88.4 89.1 39.6 2017 2018 2019 2020 2021 2

  10. Slide 10: 1Q26 Results Driven by Strong Performance Across All Businesses

    1Q26 RESULTS DRIVEN BY STRONG PERFORMANCE ACROSS ALL BUSINESSES ILC PROFIT BREAKDOWN PROFIT CONTRIBUTION PER DIVISION - 1Q26 VS 1Q25 CLP bn. CLP bn. 1Q26 +125% Banco Internacional 13.0 8.7 2.5 89.1 Confuturo 23.0 9.2 0.3 3.1 AFP Habitat 12.9 5.8 17.6 AAISA 8.1 (0.5) RedSalud 7.1 39.6 3.0 Consalud 15

  11. Slide 11: Zoom-in by Division

    CHAPTER Zoom-in by 03 Division MAY. /2026 11

  12. Slide 12: Banking

    MAY. /2026 Banking @ Banco . internacional iKC

  13. Slide 13: Significant Loan Growth Compared to the Industry

    SIGNIFICANT LOAN GROWTH COMPARED TO THE INDUSTRY BANCO INTERNACIONAL LOANS MARKET SHARE BY SEGMENT(1) .7 mar-26 mar-25 Total Market % USD bn. Industry: +4.0%(1) Share mar-26(1) 4.4 4.8 4% Commercia 2.9% 2.8% Mortgages 3% 11% l Loans 1.74% Consumer 10% 84% Commercial 87% Consumer VS 4 4 1.5% 1.3% 1.6

  14. Slide 14: Establishing a Robust Funding Structure

    ESTABLISHING A ROBUST FUNDING STRUCTURE FUNDING STRUCTURE MAR-25 VS MAR-26 REAL TIME DEPOSITS EVOLUTION CLP bn. 64% 66% 60% 5,894 43.8% 35.1% 1,324 1,475 5,068 16,2% 1,036 Other 820 liabilities 11,1% 6,4% 564 21% 24% 25% 13% 16% Banks 11,4% 26,2% dec-22 dec-23 dec-24 dec-25 mar-26 Bonds Retail Time

  15. Slide 15: Higher Operating Results Due to Autofin's Contribution

    HIGHER OPERATING RESULTS DUE TO AUTOFIN'S CONTRIBUTION, PARTIALLY OFFSET BY HIGHER OPERATING EXPENSES GROSS OPERATING RESULT OPERATING EXPENSES EFFICIENCY RATIO(1) o Gross operating income grew 3.6% QoQ CLP bn. CLP bn. to CLP 59.2 bn., mainly driven by Autofin, % +3,6% +6,8% +162 bps which contribut

  16. Slide 16: Lower Risk Expenses Associated with Commercial Loans Offset by Autofin Growth

    LOWER RISK EXPENSES ASSOCIATED WITH COMMERCIAL LOANS OFFSET BY AUTOFIN GROWTH RISK EXPENSES Commercial Consumer Autofin CLP bn. o Credit risk provisions fell 21.7% QoQ to CLP 9.3 bn., -21,7% mainly due to lower provisions in commercial loans, 11,9 3.4 9,3 partially offset by higher provisions at Aut

  17. Slide 17: Sustained Earnings Growth

    SUSTAINED EARNINGS GROWTH BANCO INTERNACIONAL PROFIT & ROAE Profit ROAE Industry ROAE CLP bn. 20.7% 18.9% 18.2% o Banco Internacional reported a net 16.1% 15.0% 14.5% income of CLP 16.6 bn. in 1Q26, 15.8% 15.2% 14.9% 14.9% compared to CLP 12.8 bn. in 1Q25. 13.9% 13.4% 12.2% 13.0% 12.7% 12.2% Autofin

  18. Slide 18: Annuities

    MAY. /2026 Annuities confuturo iKC

  19. Slide 19: Strong Demand for Annuities, While Confuturo Maintained Double-Digit Market Share

    STRONG DEMAND FOR ANNUITIES, WHILE CONFUTURO MAINTAINED A DOUBLE-DIGIT MARKET SHARE QOQ ANNUITY INDUSTRY PREMIUMS AND ANNUITY RATE VS PROGRAMED WITHDRAWAL RATE CONFUTURO'S MARKET SHARE Rate (%) 5% UF MM QoQ mar-26: 4% 3.31% GROWTH 3% 2% mar-26: 14.2% +9% 1% 2.82% 11.7% - +35% 2018 2019 2020 2021 202

  20. Slide 20: 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) CLP bn. 0.77% 24% 28% 28% 28% 0.57% 31% 0.42% 0.43% 0.38% 0.38% 0.39% 40% 41.2 37.7 38.0 39.5 42% 42% 44% 33.0 36.2 35.9 41% 36% 30% 30% 28% 28% 2018 2019 2022 2023 2024 2025 Mar-26 1Q22 1

  21. Slide 21: Stronger Investment Result Drive Higher Earnings

    STRONGER INVESTMENT RESULT DRIVE HIGHER EARNINGS CONFUTURO INVESTMENT RESULT VARIATION (EXCLUDING CUI) CLP bn. +25,9% 120.0 3.6 110.6 o Investment result excluding CUI 17.9 1.9 10.2 increased 25.9% QoQ to CLP 110.6 bn., 100.0 87.9 mainly driven by higher returns of ( 6.4) 80.0 ( 4.6) investment fund

  22. Slide 22: Investment Results Drive Confuturo's Profit

    INVESTMENT RESULTS DRIVE CONFUTURO’S PROFIT CONFUTURO PROFIT & ROAE CLP bn. Confuturo's profit Confuturo ROAE Industry ROAE 26.7% 26.0% o Confuturo’s improved profit was mainly driven by higher investment 21.5% results. 19.1% 21.8% 21.5% 14.6% 17.6% 12.1% 12.4% 13.4% 14.8% 14.2% 14.5% 8.4% 133.1 121

  23. Slide 23: Pensions

    MAY. /2026 ae Ss ww Pensions HABITAT “Ate.aaisA Gos iKC

  24. Slide 24: 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) CONTRIBUTOR(1) CLP th. Th. people CLP bn. +3.0% +6.9% -3.6% 66.2 68.2 940 907 1,540 1,645 o As of March 2026, the average taxable income of AFP Habitat Chile contributors w

  25. Slide 25: 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. CLP bn. CLP bn. +17.6% -5.2% 10.8x 10.1 11.8 21.9 20.7 57.5 5.3 3M25 3M26 3M25 3M26 3M25 3M26 LEGAL RESERVE RETURNS LEGAL RESERVE RETURNS PROFIT CLP bn. CLP bn. CLP bn

  26. Slide 26: 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 decrease by 84.2%, +18.5% reflecting the global volatility. 136.2 132.9 144.7 149.6 149.0 155.6 117.2 119.4 118.5 o Excludin

  27. Slide 27: Health

    MAY. /2026 QD VIDACAMARA iKC

  28. Slide 28: 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 EXAMS DENTAL MEDICAL CONSULTATION REVENUES MM. MM. CLP bn. +2.4% +4.6% +7.0% 1.3 1.3 21.3 2.8 2.9 19.9 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 REDSALUD INPATIENT ACTIVITY IND

  29. Slide 29: EBITDA Margin in RedSalud Grew Due to a More Complex Inpatient Mix

    EBITDA MARGIN IN REDSALUD GREW MAINLY DUE TO A MORE COMPLEX INPATIENT MIX REDSALUD’S EBITDA MARGING BREAKDOWN % 0.7% 12.1% 0.2% 0.7% 12.2% 0.2% o The increase in EBITDA (1.7%) margin was primarily driven by greater complexity in the services provided by the Network, reflected in higher demand for Op

  30. Slide 30: 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 CLP bn. DENTAL AND OUTPATIENT CENTERS EBITDA EBITDA Margin CLP bn. 11.3 12.4 17.7% 17.6% 13.3% 12.2% 11.8% 11.9% 12.0% 12.1% 12.2% 3M25 3M26 10.6% 11.2% 10.8% METROPOLITAN REGION HOSPITALS 7.8% 10.

  31. Slide 31: 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% 85.7% 81.7% 79.6% 79.1% 15.6 7.8 7.1 9.7 6.9 10.2 6.5 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 (5.2) (6.2) (18.3) (13.8) Supe

  32. Slide 32: Higher Premiums Driven by Growth in Beneficiaries Partially Offset by Higher Loss Ratio

    HIGHER PREMIUMS DRIVEN BY GROWTH IN BENEFICIARIES PARTIALLY OFFSET BY HIGHER LOSS RATIO Dental Other 8% 1% VIDA CÁMARA LOSS RATIO(1) % Medicines 81.1% 81.0% 21% 74.0% Outpatient 72.9% 50% 71.1% 1Q26 1Q22 1Q23 1Q24 1Q25 1Q26 Inpatient 20% Th. of People VIDA CÁMARA BENEFICIARIES +3.9% o Higher collect

  33. Slide 33: ILC's Financial Position

    CHAPTER ILC’s Financial 04 Position MAY. /2026 33

  34. Slide 34: Well-Managed Debt Maturity and Liquidity Position

    WELL-MANAGED DEBT MATURITY AND LIQUIDITY POSITION CLP bn. ILC (STANDALONE) AMORTIZATION SCHEDULE 252 30 14 9 9 27 15 15 15 15 24 27 14 5 5 5 5 5 5 5 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 R

  35. Slide 35: Wrap-up and Conclusions

    CHAPTER Wrap-up and 05 Conclusions MAY. /2026 35

  36. Slide 36: 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 1Q26 we reached 124 thousand clients and achieved 8.7% YoY loan growth, outperforming the indus

  37. Slide 37: KC

    KC

Inversiones La Construcción S.A. (ILC) — Q1 2026 Earnings Presentation on 6ix