Inversiones La Construccion SA · BCS:ILC

Inversiones La Construccion SA — Investor Presentation (March 2016)

26 slides from Inversiones La Construccion SA's investor presentation, March 2016

  1. Slide 1: Company Presentation

    Estrictamente Privado y Confidencial Company Presentation March 2016 Privado1y Confidencial 1

  2. Slide 2: Company Overview L12M (Sept. '15)

    Estrictamente Privado y Confidencial Company Overview L12M (Sept. ‘15) Insurance Sector Revenues Net Income % Ownership  Supplemental health insurance US$173.9 M US$-8.5 M 99.9%  Life Insurance Company (Annuities) US$883.7 M US$20.1 M 72.4%* Non-Insurance Sector Revenues Net Income % Ownership  P

  3. Slide 3: ILC's Highlights

    Estrictamente Privado y Confidencial ILC’s Highlights 2012 2013 Largest IPO in Awarded in ILC sold 51% D&S in Peru ILC acquired Chile Peru (~US$ 13 million) (1st auction) 67% (US$468 million) (1st auction) (~US$167 million) Jul-12 Dec-12 Jun-13 Sep-13 Nov-13 CGVC acquired ILC acquired Capital ILC Co

  4. Slide 4: Ownership and stock price

    Estrictamente Privado y Confidencial Ownership and stock price Ownership structure as of December 2015 Dividend (CLP) Ot hers Dividends/ Dividend yield at 4. 9% Year St ockbrokers share $7,061 (IPO’s price) 11. 9% 2012 $548 7.76% 2013 $450 6.37% Int ernationals 16. 2% 2014 $449 6.36% CChC TOTAL $1,4

  5. Slide 5: Revenues come from…

    Estrictamente Privado y Confidencial Revenues come from… $ Pension Fund Retirement Insurance Healthcare 1.27% Commission fee 10% Voluntary savings Mandatory Health Insurance 7% Additional health contribution Gross Salary Taxes: Range 0% - 40% Voluntary Health Insurance Supplemental health insurance

  6. Slide 6: Our subsidiaries

    Estrictamente Privado y Confidencial Our Business Our subsidiaries Privado6y Confidencial 6

  7. Slide 7: Habitat

    Estrictamente Privado y Confidencial Habitat Income Statement (Th. US$) September '15 September '14 Var % • Created in 1981 under the new provisional Revenues 163,391 149,753 9.1% system Cost of Sales 0 0 - Gross Profit 163,391 149,753 9.1% • The only AFP under the same controller SG&A (73,934) (63,

  8. Slide 8: Habitat

    Estrictamente Privado y Confidencial Habitat Evolution of Habitat AuM (US$ Million*) • Mandatory individual capitalization account 45.0 Contributions = 10% of gross salary (capped at 39.5 40.0 CAGR: 10.9% 37.2 ~US$2,700 per month) 35.0 28.7 32.0 • Voluntary pension contributions 30.0 24.9 25.6 25.0

  9. Slide 9: Habitat Peru

    Estrictamente Privado y Confidencial Habitat Peru Affiliates v/s Market Share Evolution • As of June 1st 2013, Habitat started operations in 70 0,000 12 % Peru 10% 60 0,000 9% 10 % • All new entrants into the formal sector contribute 50 0,000 7% 8% 8% into Habitat for two years 40 0,000 6% 6% • June

  10. Slide 10: Inversiones Confuturo

    Estrictamente Privado y Confidencial Inversiones Confuturo Inc ome S t at ement S ept ember 2015 S ept ember 2014 V ar. % (Th. US $*) • 16.0% Market share on N o n -i n su ra n ce a cti vi ty p ro fi t (9 ,6 2 2 ) (5 ,4 4 3 ) 7 6 .8 % annuities Revenues from insurance activity 462,292 312,594 47.9%

  11. Slide 11: Inversiones Confuturo – Subsidiaries results

    Estrictamente Privado y Confidencial Inversiones Confuturo – Subsidiaries results In co m e Sta te m e n t Se p te m b e r 2 0 1 5 Se p te m b e r 2 0 1 4 Va r. % (Th . U S$ * ) Net Premiums Income 346,932 272,596 27.3% Net Investments Income 127,447 127,741 -0.2% Cost of Sales (453,299) (388,283) 1

  12. Slide 12: Banco Internacional

    Estrictamente Privado y Confidencial Banco Internacional Banco Internacional Loans (US$ Million) • ILC acquired 50.9% of Baninter S.A. in October 2015 1 ,103 1 ,050 • The transaction included Banco Internacional, an 999 989 insurance stockbroker and a factoring operation 841 • The Bank has a small s

  13. Slide 13: Banco Internacional

    Estrictamente Privado y Confidencial Banco Internacional Inc ome S t at ement S ept ember 2015 S ept ember 2014 V ar. % (Th. US $*) Interest income 73,035 77,818 -6.1% Interest expense (42,425) (49,459) -14.2% N e t In te re st In co m e 3 0 ,6 1 0 2 8 ,3 5 9 7 .9 % Fee and commission income 4,052 3

  14. Slide 14: Our companies in the health business

    Estrictamente Privado y Confidencial Our companies in the health business Average monthly Average monthly Medical Bill contribution per contribution per contributor: USD $129 beneficiary: USD $18.7 % covered by: the person Monthly 10% of the premiums gross salary is % of the Net Co-payment the avera

  15. Slide 15: Consalud

    Estrictamente Privado y Confidencial Consalud Income Statement (Th. US$*) September 2015 September 2014 Var. % • Created in 1984 under the new Revenues 386,843 360,810 7.2% provisional health system (Isapre) Cost of Sales (339,487) (302,138) 12.4% Gross Margin 47,356 58,672 -19.3% • 99.9% owned by I

  16. Slide 16: Consalud

    Estrictamente Privado y Confidencial Consalud Loss ratio (as of Sept. 2015) Products offered 91.3% 86.4% 86.9% 88.1% 88.9% 88.0% Medical plans 85.0% 1. 8% 0. 7% 0. 8% 0. 9% 0. 7% 0. 5% • Open network plans 1. 1% 17. 9% • Preferred provider plans 10. 8% 14. 6% 17. 7% 23. 2% 18. 1% 21. 1% • Closed net

  17. Slide 17: Red Salud

    Estrictamente Privado y Confidencial Red Salud Income Statement (Th. US$*) September 2015 September 2014 Var. % • Second largest private healthcare Revenues 289,296 225,313 28.4% provider with approximately 12% of the Cost of Sales (226,974) (176,476) 28.6% private beds in Chile Gross Margin 62,322

  18. Slide 18: Red Salud: Main subsidiaries P&L (Sept-15)

    Estrictamente Privado y Confidencial Red Salud: Main subsidiaries P&L (Sept-15) Inc ome St at ement (Th. US$* - Sept . 2015) Megas alud Bic ent enario Tabanc ura Av ans alud Iquique ACR6*** Revenues 101,508 54,394 37,956 42,169 8,009 40,528 Cost of Sales (82,375) (44,368) (29,311) (31,850) (5,428) (

  19. Slide 19: Vida Cámara

    Estrictamente Privado y Confidencial Vida Cámara Inc ome S t at ement (Th. US $*) S ept ember 2015 S ept ember 2014 V ar. % • On January 2012 it was launched the complementary health insurance D&S Chile - Gross Profit** (7,989) (3,376) 137% business, adding more than 9,000 D&S Peru - Gross Profit**

  20. Slide 20: Vida Cámara

    Estrictamente Privado y Confidencial Vida Cámara Evolution of beneficiaries for the complementary health insurance 223,061 227,385 226,343 232,946 233,922 235,455 240,186 In average, more than 221,058 220,535 222,555 222,149 186,118 9,000 130,115 beneficiaries per month 71,400 15,801 1,376 Recent pr

  21. Slide 21: Financial Summary

    Estrictamente Privado y Confidencial Financial Summary Financial Summary Privado 21y Confidencial 21

  22. Slide 22: Financial Data (Th. US$)

    Estrictamente Privado y Confidencial Financial Data (Th. US$) Ba l a n ce Sh e e t In co m e Sta te m e n t Se p te m b e r 2 0 1 5 D e ce m b e r 2 0 1 4 Va r. % Se p te m b e r 2 0 1 5 Se p te m b e r 2 0 1 4 Va r. % (Th . U S$ * ) (Th . U S$ * ) N o n In su ra n ce Acti vi ty Current Assets 355,3

  23. Slide 23: Financial Data by Subsidiary (Th. US$)

    Estrictamente Privado y Confidencial Financial Data by Subsidiary (Th. US$) M$ USD L12M Inv . Banc o AFP Habit at Red Salud Cons alud Vida Camara Sept . 2015 Conf ut uro Int ernac ional Indus t ry Pens ion Lif e Bank Healt hc are Mandat ory Volunt ary Fund Ins uranc e prov ider healt h healt h ins u

  24. Slide 24: Financial Data (as of Sept 15)

    Estrictamente Privado y Confidencial Financial Data (as of Sept 15) Corp Financ ial Debt Vida ILC Habit at Group Vida C. Mac halí Cons alud Red Salud TOTAL (Th. US$*) Cámara Chile S. A. Short Term 75, 489 70 5, 384 361, 512 1, 324 2, 430 99, 705 545, 915 Bonds 32,893 - - 16,234 - - 31,988 81,115 Ban

  25. Slide 25: For more information, please contact with

    Estrictamente Privado y Confidencial For more information, please contact with: Ignacio González R. Trinidad Valdés M. CFO Head of Investor Relations Phone: (56 2) 2477 4606 Phone: (56 2) 2477 4673 igonzalez@ilcinversiones.cl tvaldes@ilcinversiones.cl www.ilcinversiones.cl Privado y Confidencial 25

  26. Slide 26: Appendix N°1: ILC - Prudential Transaction Result

    Estrictamente Privado y Confidencial Appendix N°1: ILC - Prudential Transaction Result • Prudential is a 140 years old financial services company, with assets for approx. US$40 billion and 47 thousand employees serving customers in more than 40 countries • With this transaction ILC aims to strengthe

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