Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Grupo SURA — Q1 2020 Earnings Presentation
70 slides from Grupo De Inversiones Suramericana's earnings presentation, June 2020
Slide 1: Grupo SURA Corporate Presentation Q1 2020
Grupo SURA Corporate Presentation Q1 – 2020
Slide 2: Disclaimer
Disclaimer The forward-looking statements contained herein are based on Management’s current forecasts and outlook. For better illustration and decision-making, figures for Suramericana, SURA Asset Management and its subsidiaries are administrative rather than accounting, and therefore may differ fr
Slide 3: Crisis Management, Financial Results, Corporate Presentation
Crisis Management Financial Results Corporate Q1-2020 Presentation COVID-19 Grupo SURA Suramericana SURA Asset Management 3
Slide 4: Crisis Management - COVID 19: Focus of Action
CRISIS MANAGEMENT - COVID 19: FOCUS OF ACTION _ _ _ _ _ Employees Clients and Society Risks and Financial Businesses Opportunities 4
Slide 5: Employees
Employees Focus on their wellbeing Working Remotely ▪ Guaranteeing physical, mental and financial health Suramericana ▪ Preserving employment and wellbeing of over 30,000 employees in 10 countries 21,000 employees ▪ Protection and prevention measures for those who perform client-facing sensitive Col
Slide 6: Clients and Businesses
CLIENTS AND BUSINESSES The moment to be relevant • Facilitate customer access: strengthening remote channels and digital tools • Adjust operating models: reinvent processes from virtuality • Alliances to offer more service alternatives to clients Insurance • Empresas Sura • Workers’ Compensation Pen
Slide 7: Society
SOCIETY Working together to be part of the solution 1. Contribution to maintain economic dynamics • Preserving jobs • Support suppliers, specially SMEs Total Donations: COP 2. Constant interaction with national and local Governments to propose common interest initiatives ~13,000 MM 10 countries 3. D
Slide 8: Risks
RISKS Possible impacts • Lower economic growth • Unemployment • Exposure to capital markets: investment portfolio valuation, volatility Lower demand and policy cancellations: movility and business solutions Higher claims ratio in some insurance solutions Regulation: temporary changes have materializ
Slide 9: Opportunities
OPPORTUNITIES • Greater efficiency leveraged on digital transformation • Changes in consumer habits: greater relevance of health, savings and insurance solutions • Customer loyalty from improvements in advisory, assistance and digital channels Suramericana Accelerating the trend and risk management
Slide 10: Financial
FINANCIAL Grupo SURA and subsidiaries with good liquidity and solvency positions Holding company’s highly predictable cash flow in 2020 Grupo SURA (holding) • Estimated received dividends: USD 321 MM 2020E cash flow 321 32 • Main uses: interest payment, dividend distribution and debt 284 87 maturiti
Slide 11: Crisis Management, Financial Results, Corporate Presentation
Crisis Management Financial Results Corporate Q1-2020 Presentation COVID-19 Grupo SURA Suramericana SURA Asset Management
Slide 12: Consolidated Results
C O N S O L I D AT E D R E S U LT S MAR DEL PLATA, BUENOS AIRES, ARGENTINA 12
Slide 13: Positive Growth in Main Business Lines
POSITIVE GROWTH IN MAIN BUSINESS LINES Net income is affected by lower returns from financial market and currency devaluation CONSOLIDATED INCOME STATEMENT MAR - 20 MAR - 19 Var$ Var% Retained premiums 2,728 2,481 247 9.9% Commission income 696 654 42 6.4% Revenues from services rendered 1,163 927 2
Slide 14: Net Income Adjusted for Market Effects
NET INCOME ADJUSTED FOR MARKET EFFECTS Decreases 25.4% due to lower equity method contribution ∆SURA AM ∆Grupo SURA and other COP -358 COP -140 560 12 (12) 367 -25.4% 274 (369) (127) (115) (5) (14) (6) (76) 2019 Net 2019 Net ∆ Net Income ∆ Net Income ∆ Encaje SURA ∆ Equity Method ∆ Fx Impact** ∆ Adm
Slide 15: Consolidated Results
C O N S O L I D AT E D R E S U LT S GUATAPÉ, ANTIOQUIA, COLOMBIA 15
Slide 16: Positive Operating Dynamic and Revenue Growth
POSITIVE OPERATING DYNAMIC AND REVENUE GROWTH Contrasts with lower investment income CLAIMS + ADJ. RESERVES SERVICES RENDERED TECHNICAL RESULT* % RET. PREMIUMS COSTS / REVENUES % OPERATING REVENUES 1,357,658 93.4% 93.7% 1,204,581 606,677 643,679 1,057,299 GROSS WRITTEN PREMIUMS + 828,967 REVENUES FR
Slide 17: Net Income Decreased
NET INCOME DECREASED Due to lower returns on marked-to-market investment portfolios C O R P O R AT E A N D Var% Written Premiums +18.0% +6.1% +25.3% COP +8,340 MM Retained Claims ´19/´20 59.1% / 58.8% 51.1% / 52.9% 88.4% / 89% OTHER +6.0% 6,919 -89% 118,308 -9.8% 13,565 106,697 (24,380) (2,490) (605
Slide 18: Consolidated Results
C O N S O L I D AT E D R E S U LT S MACHU PICCHU, PERÚ 18
Slide 19: Resilient Growth in Commission Income
RESILIENT GROWTH IN COMMISSION INCOME Opacado por rentabilidad del encaje y su efecto en el método de participación COMMISSION INCOME + Var%: +6.1% -173.3% -313% +63.7% -93.1% -58.8% INSURANCE Local Currencies: +3.1% -173.7% -311% +68.3% -93.0% -59.6% MARGIN 33,032 793,362 COP 635 (117,598) billion
Slide 20: Net Income
NET INCOME Impacted by mandatory pension business Var% Commission income +4.5% +19.8% C O R P O R AT E AUM (COP tn) / Var% 417 / +7.0% 56 / +3.0% AND OTHER +37,418 MM +6.0% 225,391 +16.3% 101,368 87,133 45,804 (12,536) 4,149 (129,870) (389,003) (2,102) NET INCOME NET INCOME MANDATORY VOLUNTARY FINAN
Slide 21: Crisis Management, Financial Results, Corporate Presentation
Crisis Management Financial Results Corporate Q1-2020 Presentation COVID-19 Grupo SURA Suramericana SURA Asset Management 21
Slide 22: Leading Financial Services Group in Latam
Leading Financial Services Group in Latam with a solid and diversified portfolio 11 countries +52 million clients #1 PENSION FUND #1 INSURANCE #1 COLOMBIAN INDUSTRIAL MANAGER COMPANY BANK INVESTMENTS in Latam, with a in Colombia, with an with a leading with relevant positions growing voluntary estab
Slide 23: Diversified Investment Portfolio
Diversified Investment Portfolio and other investments Cement, energy Insurance, trends and infrastructure and risk management 35.2% S TAKE * 1% 81.1% S TAKE 12% 17% 13% Processed food 35.2% S TAKE 24% Pensions, asset and 33% wealth management 83.6% S TAKE Universal banking 46.1% S TAKE * 73% 48% No
Slide 24: History & Growth Stages
History & Growth Stages INSURANCE INTERNATIONAL LEADERSHIP EXPANSION in Colombia Multi Latin, financial services group 1 9 4 4 / 1 9 9 0 2 0 0 7 / 2 0 1 6 1 9 9 0 / 2 0 0 7 2 0 1 7 - FINANCIAL FOOTPRINT OPTIMIZATION SERVICES Divestments for USD ~500 MM - Annuities business (Ch., Pe., Mx) leader in C
Slide 25: Building a Regional Platform with a Long-Term View
Building a Regional Platform with a Long-Term View CREATING LONG BECOMING THE AND THE 4TH WITH A FOCUS ON TERM RELATIONS LARGEST PENSION FUND LARGEST LATAM FINANCIAL STRENGTH WITH OUR CLIENTS MANAGER IN LATAM INSURANCE GROUP # of clients AUM Gross Dividends from pension written premiums received fro
Slide 26: Geographic Footprint
Geographic Footprint P O P U L AT I O N CLIENTS FINANCIAL SERVICES 520MM 52MM +1.1% CAGR (2000-2018) I N 11 C O U N T R I E S P E N E T R AT I O N * INSURANCE PENSION BANKING 2.8% vs. 7.8% 31% vs. >80% ~ 4 8 % vs. >150% for advanced countries for US and UK for US and EU D R I V E R S ECONOMIC MIDDLE
Slide 27: Corporate Strategy
Corporate Strategy Purpose: Create well-being and sustainable development for people, organizations and society. Aspiration: to become a referent Latin American Group in the financial services sector, thanks to our ability to evolve and provide superior added value to shareholders and society. STRAT
Slide 28: Portfolio Management Strategy
Portfolio Management Strategy SHAREHOLDER VALUE RETURN ON CAPITAL GROW TH STRATEGIC PROACTIVE CORPORATE ADDING SYSTEMATIC CAPITAL MANAGEMENT AT ACQUISITIONS DIVESTITURES VALUE TO UNITS ALLOCATION A GRANULAR LEVEL BE IN GOOD BUSINESSES BE A BETTER OWNER • Focus on value • After an intensive • Underst
Slide 29: Grupo SURA's Financials Evolution
Grupo SURA’s Financials Evolution CONSOLIDATED REVENUES* HOLDING COMPANY RECEIVED DIVIDENDS 319 -0.3% 13.3% ~3.5x 284 296 6.2% 260 240 31.2% 2010 Dividends 6,198 230 5,487 5,473 5,169 170 Bancolombia 3,940 155 S U R A AM 126 G r u p o Ar g o s 85 Grupo Nutresa 83 Protección Suramericana Other 2015 2
Slide 30: Adjusted ROE
ADJUSTED ROE With an upward trend ADJUSTMENTS TO ROE 10.6% Net Income: 10.6% 10.3% 9.7% 9.7% • Addback of non-cash expenses related to M&A 8.9% 10.4% 10.1% 10.3% 9.1% 9.0% 6.9% Equity 8.7% • Associates and their portfolios, which are valued close to market 6.2% prices Normalized Adjusted ROE dic-17
Slide 31: Grupo SURA Individual Debt
Grupo SURA Individual Debt DEBT 550 M AT U R I T Y P R O F I L E » C R E D I T R AT I O S » 336 NET DEBT/ DIVIDENDS (FTM) 32 128 122 41 71 4.0x - 25 - 24 Max. 5x 2020 2021 2022 2023 2024 2026 . 2029 2030 . 2049 BANKS INTERNATIONAL LOCAL BONDS REPOS LIQUIDITY BONDS 1.3x » F I N A N C I A L D E B T: U
Slide 32: Suramericana
Suramericana #4 LATAM MULTICHANNEL DIVERSIFIED INSURANCE APPROACH BUSINESS MODEL GROUP developing new Geography with an established channels throughout growth platform in 9 the region 34% countries of GWP outside Colombia 21,000 #1 INSURANCE +24,000 Business lines employees COMPANY agents 47% P&C in
Slide 33: Corporate Strategy
Corporate Strategy Provide well-being, Human talent Increase current clients’ Sustainable ROE competitiveness and and Trends & Risks loyalty, to drive attraction and above cost of equity sustainability to people Management growth of new clients and businesses ENVIRONMENT EMERGING RISKS CONSUMER AND
Slide 34: Competitive Strategy
Competitive Strategy WE COMPETE IN WE MANAGE HUMAN VALUE OPERATIONAL + ALLIANCES REGULATION TECHNOLOGY CAPITAL TALENT PROPOSITION MODEL S U S TAI N AB I L I T Y OPERATING EFFICIENCY L O N G - TE RM R E L AT I O N S VAL U E C R E AT I O N 34
Slide 35: Design
Design Today´s markets Trends MANAGE Strategic UNCERTAINTY Emerging Operational Risks FROM SOLVING TO BALANCE EMPOWERING FINANCING - MANAGING Segments Products Finance Solutions Manage Competence
Slide 36: Design
Design SURA today Trends MANAGE Strategic UNCERTAINTY Emerging Operational Risks FROM SOLVING TO BALANCE EMPOWERING FINANCING - MANAGING Segments Products Finance Solutions Manage Competence
Slide 37: Design
Design SURA in the future Trends MANAGE Strategic UNCERTAINTY Emerging Operational Risks FROM SOLVING TO BALANCE EMPOWERING FINANCING - MANAGING Segments Products Finance Solutions Manage Competence
Slide 38: Common focus in all countries
Common focus in all countries • Ability to read the evironment and • Whole life solutions CONSUMER trends SOLUTIONS • UY, MX 2018 • Understand how social trends are • ARG, CH 2019 changing consumer behavior • BR 2020 • Dynamic multidimensional • Focus on SME segment segmentation (DMS) • Empresa SURA
Slide 39: Suramericana's Financials Evolution
Suramericana’s Financials Evolution OPERATING REVENUES CLAIMS AND EXPENSE RATIO 3.2% 13.5% 22.4% 4,848 93.3% 92.3% 94.6% 92.2% 93.9% 4,139 4,270 55.2% 1,095 3,380 739 886 59.4% 60.4% 59.4% 3,753 54.8% 54.9% 618 3,399 3,384 2,178 2,762 514 15.6% 16.6% 15.5% 15.6% 15.2% 1,664 2015 2016 2017 2018 2019
Slide 40: SURA Asset Management
SURA Asset Management MANDATORY SAVINGS AND ASSET PENSION INVESTMENTS MANAGEMENT Stable cash flow Underpenetrated Regional platform AUM (bn) generation business business with high connecting Latam to 35 growth potential the world 27 24 88% 6% 6% AUM AUM AUM 18 3 6 AUM AUM AUM USD 103 bn USD 8.7 bn U
Slide 41: Corporate Strategy
Corporate Strategy OUR PURPOSE Helping our clients to achieve their dreams and goals STRATEGIC GUIDELINES » Our client in the center of our strategy » Core guidelines for the development of our businesses » Capacity development through transversal enabling strategy guidelines ALIGNING OUR BUSINESSES
Slide 42: Sustainability of Mandatory Business
Sustainability of Mandatory Business Relationship with stakeholders, seeking Financial and pension Efficient and innovative New business and the improvement of education Business Models. value offer for retirees. pension systems and its understanding . KEY FIGURES 2019 COMMISSION OPERATING INVESTMEN
Slide 43: Transformation of Wealth Management Business
Transformation of Wealth Management Business Brand positioning Differentiated advice . Products, solutions Attraction of new “Inversiones SURA”. and platforms clients and cross-sell increasing value to existing clients. proposition. KEY FIGURES 2019 OPERATING AUM AUM GROWTH REVENUES +28.7% USD 41MM
Slide 44: Development of the Asset Management Business
Development of the Asset Management Business Regional platform and High standards in Relationship with business model. portfolio management institutional clients and backed by SURA’s product development reputation. in Latam. KEY FIGURES 2019 COMMISSION AUM AUM GROWTH INCOME +17% exc. Annuities Chile
Slide 45: SURA AM's Financials Evolution
SURA AM’s Financials Evolution AUM COMMISSION INCOME 591 648 116,519 557 102,972 509 534 77 99,013 59 65 83,400 41 47 569 79,883 498 526 468 487 4.9% 4.3% 6.1% 9.7% CAGR 4.4% 18.7% 4.0% 15.5% Mandatory 5.0% Voluntary 17.2% 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Mandatory pension Voluntary
Slide 46: SURA Ventures
SURA Ventures FINTECH Personal finance platform Mortgage digital market place H E ALT H T E C H Health tech operator Optimizing Access to health systems INSURETECH Digital insurance Mobile sensor data for On-demand Health ecosystem – road safety insurance preventive approach B2B VC FUND HR SAAS Targ
Slide 47: Bancolombia
Bancolombia COLOMBIA’S LEADING OVER 14 MM CLIENTS FINANCIAL INSTITUTION with access to a strong with a strong presence in distribution network Central America 6,019 ATMs, 1,005 branches and 13,731 banking kiosks LOANS FUNDING MARKET SHARE COLOMBIA SALVADOR PANAM A Loans Loans Loans 26.0% 26.4% 10.8%
Slide 48: Grupo Nutresa
Grupo Nutresa LARGEST PROCESSED PRESENCE IN 72 FOODS GROUP IN COUNTRIES, owns 30 COLOMBIA production plants in Colombia, STRONG as measured by market 16 outside of Colombia and its BRANDING share in all of the market own distribution network in 14 WITH VALUE segments it serves countries ADDED PRODUC
Slide 49: Grupo Argos
Grupo Argos STRATEGIC FOCUS SOLID TRACK RECORD HOLDING COMPANY in Cement, Energy, Road building regional platforms with a solid and articulated and Airport Concessions portfolio with USD 14.5 Cement and RMC* billion in AUM # 1 in Colombia With a balance in terms of # 2 in RMC and # 4 in regions, cur
Slide 50: Appendix
50 » APPENDIX GRUPO surda WW 7 A
Slide 51: Diversification
Diversification DIVERSIFIED DIVIDEND STREAM (2019) CONSOLIDATED FIGURES Grupo Argos 9% Country Clients Revenues Net Income Assets Grupo Nutresa 10% COLOMBIA 28 58.8% 48.9% 54.4% SURA Asset Management By 43% CHILE 4 15.2% 18.6% 21.8% Company Bancolombia MEXICO 8 10.3% 22.1% 10.9% 21% PERÚ 2 2.3% 9.3%
Slide 52: Shareholding Structure
Shareholding Structure 26.9% Gru po Argos and 33.3% subsidiarie s Total Outstanding Shares 10.5% Gru po Nutresa 13.0% 28.7% Colombian Pe nsion 581,977,548 20.8% Funds (COMM) (COMM + PREF) Outstanding Outstanding 12.6% Inte rnational Funds 13.0% Common Shares Pref. Shares 4.0% 5.0% Retail Investo rs
Slide 53: Cross Holding Structure
Cross Holding Structure FINANCIAL SERVICES 13% 34%* 35% 35% PROCESSED FOOD INFRASTRUCTURE 12% 10% 53 Stakes in common shares *Includes stake held in Grupo SURA by Cementos Argos which owns 6% of Grupo SURA’s common shares.
Slide 54: To create well-being and sustainable development
To We manage trends, We adopt responsible We contribute to We engage our We contribute to social create well-being risks and business practices enhance public Stakeholders development, beyond and sustainable opportunities institutions to make decisions business development • Materiality Education fo
Slide 55: Standards and Reports
Standards and Reports DJSI Results Other Initiatives / Standards 100 90 80 70 60 50 40 30 20 Prioritized SDG’s 10 0 Total Economic Dimension Dimensión económica Environmental DimensionDimensión Dimensión ambiental Social Dimension social Grupo SURA 2017 Grupo SURA 2018 Mejor Best Promedio World Worl
Slide 56: Mandatory Pension Fund Segment
Mandatory Pension Fund Segment Contributions to pension funds are Steadily increasing revenues driven AUM tend to be stable, mandatory and correlated to size of by contributions to funds / assets as pensions are “sticky” the formal workforce » Flows into pension funds are a fixed » Fees are retained
Slide 57: Main Characteristics per Country
Main Characteristics per Country 57
Slide 58: Main Characteristics per Country (contd.)
Main Characteristics per Country (contd.) 58
Slide 59: Our Vision
Our Vision Proposals for enhancing a multi-pillared pension system More savings and More efficient Multi-funds Enhancing Incorporating over a longer investment protect against competition alternative period of time portfolios risk investment options Increasing Adequate Extending Enhancing the Creati
Slide 60: Ranking: Insurance Companies in Latin America
Ranking: Insurance Companies in Latin America Rkg Group Country 2008 2017 2018 Mkt. Share 2018 Var% 10 yr CAGR 1 Bradesco Brazil 7,542 12,948 10,032 6.3% -22.5% 2.9% 2 Brasilprev1 Brazil 1,237 11,992 8,715 5.5% -27.3% 21.6% 3 Mapfre Spain 5,121 9,155 8,421 5.3% -8.0% 5.1% 4 Zurich Switzerland 1,584
Slide 61: Ranking: P&C Insurance Companies in Latin America
Ranking: P&C Insurance Companies in Latin America Rkg Group Country 2008 2017 2018 Mkt. Share 2018 Var% 10 yr CAGR 1 Mapfre Spain 4,117 6,730 6,023 7.2% -10.5% 3.9% 2 Zurich Switzerland 1,172 3,116 3,570 4.3% 14.6% 11.8% 3 Porto Seguro Brazil 2,120 3,687 3,497 4.2% -5.2% 5.1% 4 Suramericana Colombia
Slide 62: Ranking: Life Insurance Companies in Latin America
Ranking: Life Insurance Companies in Latin America Rkg Group Country 2008 2017 2018 Mkt. Share 2018 Var% 10 yr CAGR 1 Brasilprev1 Brazil 1,237 11,992 8,715 13.0% -27.3% 21.6% 2 Bradesco Brazil 5,576 10,851 8,225 12.2% -24.2% 4.0% 3 Itaú Brazil 4,075 7,008 5,343 8.0% -23.8% 2.7% 4 Cnp Assurances Fran
Slide 63: Market Share 2019
Market Share 2019 MÉXICO 18° 7.1% 6° 1.0% REPÚBLICA DOMINICANA 2° 20.3% EL SALVADOR PANAMÁ 22.9% 1° 4° COLOMBIA 9.7% Brazil 24° 0.3% 6° 6.4% URUGUAY CHILE 3° 5.8% ARGENTINA 11° Market share 2.2% Ranking 64
Slide 64: Insurance Market Share Evolution
Insurance Market Share Evolution SURA URUGUAY 13.3% 13.1% SURA PANAMÁ 9.7% 8.5% SURA REP.DOMINICANA 7.0% 8.0% SURA SALVADOR 18.4% 18.2% SURA MEXICO 0.8% 0.8% SURA CHILE (GENERALES) 13.9% 14.6% SURA COL (VIDA) 26.4% 29.6% SURA COL (GENERALES) 19.2% 19.1% SURA BRASIL 0.6% 0.6% SURA ARGENTINA 3.0% 2.9%
Slide 65: SURA Market Share by country - Insurance
SURA Market Share by country - Insurance 14.1% Uruguay 16.8% 10.7% Domincan Republic 10.5% 1.3% Mexico 1.5% 19.2% El Salvador 21.3% 28.9% Colombia Life 25.1% 19.7% Colombia P&C 19.8% 14.5% Chile 15.1% 0.7% Brazil 0.8% 3.3% Argentina 3.5% 2015 2018 Fundación Mapfre 2018
Slide 66: Insurance Penetration (% of GDP)
Insurance Penetration (% of GDP) País 2008 2010 2015 2016 2017 2018 Argentina 2.1% 2.0% 2.6% 2.6% 2.6% 2.4% Brazil 2.8% 2.9% 3.8% 4.0% 4.1% 3.9% Chile 3.9% 3.8% 4.6% 4.9% 4.7% 4.6% Colombia 2.2% 2.3% 2.7% 2.8% 2.8% 2.8% México 1.8% 1.9% 2.2% 2.2% 2.2% 2.2% Panamá 3.1% 3.1% 2.5% 2.3% 2.3% 2.5% Urugua
Slide 67: P&C Insurance Penetration (% of GDP)
P&C Insurance Penetration (% of GDP) País 2008 2010 2015 2016 2017 2018 Argentina 1.5% 1.7% 2.2% 2.2% 2.2% 2.0% Brazil 1.5% 1.4% 1.8% 1.8% 1.8% 1.8% Chile 1.6% 1.5% 1.8% 1.8% 1.8% 1.8% Colombia 1.4% 1.6% 1.9% 1.9% 1.9% 1.9% México 1.0% 1.1% 1.2% 1.2% 1.2% 1.2% Panamá 2.2% 2.3% 1.9% 1.8% 1.7% 1.9% Ur
Slide 68: Life Insurance Penetration (% of GDP)
Life Insurance Penetration (% of GDP) País 2008 2010 2015 2016 2017 2018 Argentina 0.5% 0.3% 0.4% 0.4% 0.4% 0.3% Brazil 1.3% 1.5% 2.1% 2.3% 2.3% 2.1% Chile 2.3% 2.3% 2.8% 3.1% 2.8% 2.8% Colombia 0.8% 0.7% 0.8% 0.9% 0.9% 0.9% México 0.8% 0.8% 1.0% 1.0% 1.0% 1.0% Panamá 0.9% 0.8% 0.6% 0.6% 0.6% 0.6% U
Slide 69: Insurance Market Penetration - Life
Insurance Market Penetration - Life CAGR 3yr Penetración P&C Penetración Life Posición SURA P&C Primas Evolución Métricas 2008 2018 2008 2018 Mkt. Share Ranking SURA Mercado Argentina 1.5% 2.0% 0.5% 0.3% 3.3% 11 36.0% 33.6% Brazil 1.5% 1.8% 1.3% 2.1% 0.9% 20 7.6% 3.5% Chile 1.6% 1.8% 2.3% 2.8% 14.9%
Slide 70: Investor Relations Contact Information
INVESTOR RELATIONS CONTACT INFORMATION IRO: JUAN CARLOS GOMEZ jcgomez@gruposura.com.co IR Specialist: ANDRES ZULUAGA azuluagaa@gruposura.com.co (574) 3197039 www.gruposura.com.co 71