Inversiones La Construccion Sa · BCS:ILC
Inversiones La Construccion Sa — Investor Presentation (October 2026)
42 slides from Inversiones La Construccion Sa's investor presentation, October 2026
Slide 1: Corporate Presentation October 2026
Corporate Presentation October 2026 OCT. 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. ILC at a Glance, Strategy and Main Advances 2. Zoom-in by Division 3. Strategic plan and 2030 goals OCT. /2026 3
Slide 4: ILC at a Glance
CHAPTER ILC at a Glance 01 OCT. /2026 4
Slide 5: ILC at a Glance
Lean structure under leading position in ILC AT A GLANCE financial and health sectors Listed at Santiago Risk Ratings Stock Exchange & IPSA Member Float International: Local: 68.4% 31.6% BBB+ AA+ FINANCIAL SECTOR HEALTH SECTOR Pension Fund Managers Life Insurance Bank Hospitals, Outpatient and Manda
Slide 6: ILC in Numbers
ILC IN NUMBERS FINANCIAL SECTOR HEALTH SECTOR +460 th pensioners USD 105.8 bn. 100 th surgeries +5.6 million 43% in regions medical consultations AUM Pensions 4.4 million and Annuities Health 536 medical- 1.2 million policyholders Pension fund surgical beds and members Bank +127 th customers 1,152 c
Slide 7: Strategy
CHAPTER Strategy 01.b OCT. /2026 7
Slide 8: Economic Value: Four Pillars
ECONOMIC VALUE: FOUR PILLARS Growth Profitability ILC Purpose: To be leaders in the construction of social and economic value, that improves people’s quality of life Solvency Flexibility OCT. /2026 Source: ILC 8
Slide 9: Consistent Growth and Diversification
CONSISTENT GROWTH AND DIVERSIFICATION Growth 2015 Jun-26 Assets (CLP bn.) 7,735 2.6x 19,763 AUM (USD bn.) 37.8 2.8x 105.8 Equity (CLP bn.) 507 3.0x 1,381 Profit (CLP bn.) 79 4.2x 331 Beneficiaries (MM) 3.9 9.8 Industries (N°) 2 4 OCT. /2026 FX: 900 CLP/USD Source: ILC 9
Slide 10: Consistent Returns Over Time and Double Digit ROAE
CONSISTENT RETURNS OVER TIME AND DOUBLE DIGIT ROAE Profitability PROFIT AND ROAE ILC 18.4% 14.3% 14.5% 49.6% 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 222.8 331.0 280.0 23.5 12.3 182.6 21.9 146.6 148.2 72.5 105.9 90.3 91.0 86.5 88.4 62.
Slide 11: Strong Performance of ILC Stock, Outperforming IPSA
STRONG PERFORMANCE OF ILC STOCK, OUTPERFORMING IPSA IN 2025 AND 2026 YTD Profitability ILC STOCK PRICE VS IPSA INDEX Stock Price Return 2025 Stock Price Return ILC: +139.1% $25,000 2026 YTD $18,201 Dividend Yield: +7.9% IPSA: +55.4% ILC: +40.3% Div. yield: +4.7% 10,429 11,381 IPSA : +8.6% $7.614 6.7
Slide 12: Consistent and Attractive Dividend Yield
CONSISTENT AND ATTRACTIVE DIVIDEND YIELD Profitability DIVIDENDS PER SHARE AND DIVIDEND YIELD ILC 2013 -2026 860 750 ILC average dividend yield 2013 – 2026 631 650 600 600 7.4% 518 19.8% 449 450 450 370 350 8.6% 330 8.3% 7.9% 7.0% 11.7% 7.1% Amount distributed since 5.6% 6.1% 5.4% 223 5.0% 4.7% 4.0%
Slide 13: Profit Diversification: New Industries and Countries
PROFIT DIVERSIFICATION: NEW INDUSTRIES AND COUNTRIES Flexibility ILC Recurring Net Income Contribution(1) by Company (IPO 2012) Pensions 3.7% 79.3% 16.2% Financial 0.7% Health Other ILC Recurring Net Income Contribution by Company (Jun-26 LTM) 19.5% 9.4% 29.5% 16.0% 12.7% 13.0% (2) Other OCT. /2026
Slide 14: Continuous Improvement in Risk Ratings
CONTINUOUS IMPROVEMENT IN RISK RATINGS AT ILC AND SUBSIDIARIES Solvency ILC’s CREDIT RATINGS ILC’s SUBSIDIARIES CREDIT RATINGS 2015 2022 2025 2015 2020 2025 AA+ AA+ AA+ AA- AA AA+ LOCAL AA+- AA+- AA+ A- AA-- AA - A- AA A- A A+ INTERN. - BBB+ BBB+ - BBB BBB+ A+ AA- AA- OCT. /2026 Fuente: ILC 14
Slide 15: Well-Managed Debt Maturity and Liquidity Position
WELL-MANAGED DEBT MATURITY AND LIQUIDITY POSITION Solvency CLP bn. ILC (STANDALONE) AMORTIZATION SCHEDULE (Jun-26) 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 Ban
Slide 16: By 2050, 3 out of 10 People in Chile Will Be Over 60
BY 2050, 3 OUT OF 10 PEOPLE IN CHILE WILL BE OVER +60Y ESTIMATE OF THE CHILEAN +60Y POPULATION MAIN PRIORITIES +60Y 32.1% 2.1x 6.9 MM HEALTH: 43% PRIORITY NO. 1 of the income of older for older people in households comes 17.2% Chile 2050 from retirement pensions 2020 3.3 MM 21% 69% of bank of the el
Slide 17: Zoom-in by Division
CHAPTER Zoom-in by 02 Division OCT. /2026 17
Slide 18: Banking
oct. /2026 Banking @ Banco . internacional ikKC
Slide 19: Banco Internacional: A Growth Story
BANCO INTERNACIONAL: A GROWTH STORY COMMERCIAL BANKING CLIENTS BANCO INTERNACIONAL LOANS EVOLUTION N° USD bn. 2,0x 5.4x CAGR: +18% Industry: 2.0X 8,974 6,884 8,082 8,805 4,351 5,605 Commercial Consumer Mortgage 5.0 Dec-16 Dec-21 Dec-23 Dec-24 Dec-25 Jun-26 4.7 5% 4.3 Sectoral expertise, Opportunitie
Slide 20: Establishing a Robust Funding Structure
ESTABLISHING A ROBUST FUNDING STRUCTURE FUNDING STRUCTURE JUN-25 VS JUN-26 RETAIL TIME DEPOSITS EVOLUTION CLP bn. 6,348 64% 68% 60% 1,539 43.8% 1,324 5,375 19,9% 35.1% 1,036 Other 820 24% 24% 10,8% 564 16% 21% liabilities 6,0% 13% Banks 8,9% 25,7% dec-22 dec-23 dec-24 dec-25 jun-26 Bonds 29,4% Retai
Slide 21: Sustained Earnings Growth
SUSTAINED EARNINGS GROWTH BANCO INTERNACIONAL PROFIT & ROAE MAIN TOPICS Profit ROAE Industry ROAE CLP bn. o Enhanced organic growth driven 20.7% by digital expansion 18.9% o Adding inorganic opportunities 18.2% 17.3% and strategic partnerships 15.8% 16.1% 14.9% 15.2% 15.0% 14.9% 15.5% o Diversified
Slide 22: Annuities
oct. /2026 Annuities confuturo ikKC
Slide 23: Strong Demand for Annuities, Confuturo Market Share
STRONG DEMAND FOR ANNUITIES, WHILE CONFUTURO MAINTAINED A DOUBLE-DIGIT MARKET SHARE QOQ ANNUITY RATE VS PROGRAMED WITHDRAWAL RATE Rate (%) Jun-26: 5% 3.31% 4% 3% Jun-26: 2% 2.84% 1% - 2018 2019 2020 2021 2022 2023 2024 2025 2026 Programed Withdrawal Rate Annuity Rate ANNUITY VS PROGRAMED WITHDRAWAL
Slide 24: Annuities: A Growing Industry
ANNUITIES: A GROWING INDUSTRY ANNUITY PREMIUMS UF MM Confuturo's Annuity Premiums Industry Annuity Premiums 148.4 133.0 104.7 108.9 86.7 74.4 131.8 117.1 89.6 92.8 79.0 39.3 40.6 67.3 36.3 36.8 7.7 7.0 15.2 16.1 15.9 16.6 2.9 3.8 2019 2020 2021 2022 2023 2024 2025 jun-26 LTM Demographic Factors High
Slide 25: Efficient Operating Model, Alternative Investment Portfolio
EFFICIENT OPERATING MODEL, IN A PORTFOLIO THAT EMPHASIZES ALTERNATIVE INVESTMENT ANNUITY SALES RATE AND CONFUTURO INVESTMENT RATE AND SG&A OVER AUM(1) INVESTMENT RATE: % Sales Rate Investment Rate SG&A / AUM 6% 1. Portfolio with emphasis on alternative investments 5% 2. Search for economic value, 17
Slide 26: Growth in Investment Portfolio: Focus on Alternative Assets
GROWTH IN INVESTMENT PORTFOLIO: FOCUS ON ALTERNATIVE ASSETS AUM BY INVESTMENT CONFUTURO TOTAL AUM(1) CLASS(1) USD bn. Leasing Real Foreign Fixed 10% 2x Income Estate 6% 17% Local and Alternative Investments (Funds + Real Estate) Foreign Funds 2% 2015 Others 6% 10.8 Local Fixed 10.4 Income 9.8 59% 8.
Slide 27: Sustained Generation of Results Over Time
SUSTAINED GENERATION OF RESULTS OVER TIME CONFUTURO PROFIT & ROAE CLP bn. MAIN TOPICS Confuturo's profit Confuturo ROAE Industry ROAE o Continue increasing portfolio 26.7% 26.0% leveraged in a growing industry o Investment portfolio focused on alternative assets 19.1% 19.0% o Operational leverage: r
Slide 28: Pensions
oct. /2026 ae Ss ww Pensions Bidasitat Agaaisa Gos ikKC
Slide 29: Regional Model for Mandatory and Voluntary Savings
REGIONAL MODEL FOR MANDATORY AND VOLUNTARY SAVINGS AFP HABITAT & AAISA AUM BUSINESS SEGMENTS 2026 4.3x USD bn. 94.9 AFP ASSET 22.3 MANAGER 2012 2013 2019 2024 2025 jun-26 LIFE INSURANCE AFFILIATES MM 2.0x HOLDING 4.4 1.0 1.0 1.0 1.0 1.9 1.9 1.7 1.6 4.4 MM 5 New Companies 0.1 Affiliates(1) Since 2019
Slide 30: Chile — Pension Reform and Key Focus Areas
CHILE — PENSION REFORM AND KEY FOCUS AREAS o Contributions: 14.5% individual savings(1), plus 1.5% solidarity contribution and 2.5% D&S insurance(2) PENSION o Institutional framework: Autonomous Pension Protection Fund for collective contributions; private pension fund managers continue REFORM manag
Slide 31: 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 MAIN TOPICS CLP bn. 144.7 149.6 149.0 157.6 117.2 119.4 136.2 118.5 132.9 o Consolidation in the Andean 74.2 82.9 Region o Focus on increasing taxable income per contribu
Slide 32: Health
oct. /2026 QD VIDACAMARA ikKC
Slide 33: Our Healthcare Model
OUR HEALTHCARE MODEL Patients ~3 MM 10 • Largest private network in Chile Hospitals • Close relationship with the public insurer • Relevant size in inpatient, 1,000 outpatient and dental Beds 665 th 460 th Beneficiaries Beneficiaries • Know-how in individual and • Know-how in group health supplement
Slide 34: RedSalud: EBITDA Grew Across All Segments
REDSALUD: EBITDA GREW ACROSS ALL SEGMENTS OF THE NETWORK REVENUE BREAKDOWN BY EBITDA AND EBITDA MARGIN REDSALUD INSURER CLP bn. EBITDA EBITDA Margin Out of pocket 13.3% Isapre and others 12.2% 20% (Private) 11.8% 11.9% 11.7% 30% 11.0% 10.6% 11.2% 10.8% 9.7% 10.0% 6M26 7.8% Fonasa 99.9 108.0 76.7 87.
Slide 35: RedSalud 2025-2030 Strategy
REDSALUD 2025-2030 STRATEGY o Complete the National Network o Comprehensive Health Model o New business models and Institutional, o Institutional Medical Model revenue diversification Growth and Comprehensive, o Strengthening of the quality and o Referral and capture within the completion of the and
Slide 36: RedSalud Geographic Coverage
REDSALUD GEOGRAPHIC COVERAGE REGIONAL REDSALUD INFRAESTRUCTURE 10 Hospitals 25 Medical 45 Dental PRESENCE Centers Centers Arica Tarapacá Antofagasta 848 251 1,136 Beds ICU/UTI Outpatient Atacama Consulting Rooms Coquimbo Valparaíso Metropolitan 119 552 Oncology O´Higgins Emergency Dental Chairs Netw
Slide 37: 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 OCT. /2026 Source: Superintendencia de Salud 37
Slide 38: Hedge Strategy in the Healthcare Sector
HEDGE STRATEGY IN THE HEALTHCARE SECTOR HEALTHCARE SECTOR EARNINGS CLP bn. Consalud (IFRS) RedSalud Vida Cámara (Health Sector) Loss due to Liability from Isapre's Short Law 47.6 46.3 37.4 17.7 3.6(1) 1.1 5.9 (1.1) ( 31.4) Isapres Short Law accounting Covid-19 liability (61.8) 2018 2019 2020 2021 20
Slide 39: Strategic Plan and 2030 Goals
CHAPTER Strategic plan and 03 2030 goals OCT. /2026 39
Slide 40: Strategic Plan and 2030 Goals
STRATEGIC PLAN AND 2030 GOALS Organic growth Strengthening Organic growth leveraging market Potential 4th market healthcare network opportunities coverage Enhancing individual Scale up retail Pursuit of higher offerings and Voluntary savings banking and products investment spreads collective insuran
Slide 41: ILC Jun-26 and 2030
ILC JUN-26 AND 2030 CAGR > 10% CAGR < 10% 13.0% 19.5% 12.7% 9.4% JUN 2026 LTM 2030 16.0% 29.5% Pensions Financial Health CAGR > 15% Others Accelerated growth in the financial sector and opportunities in healthcare OCT. /2026 Source: ILC 41
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