Afp Habitat Sa · BCS:HABITAT
Afp Habitat Sa — Q2 2019 Earnings Presentation
19 slides from Afp Habitat Sa's earnings presentation, June 2019
Slide 1: Company Presentation Q2-2019 Results
Company Presentation Q2-2019 Results June 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] +0,1% -0,6% +8,7% 1.196.387 1.197.012 20,5% 19,9% 973.770 896.053 may.-18 may.-19 may.-18 may.-19 may.-18 may.-19 Total AUM [MM clp] APV AUM [MM clp] CAV AUM [MM clp] +14,9% +13,3% +8,0% 41.953.56
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 Current Exercise Last Exercise VAR % INCOME STATEMENT [M clp] Jun 2019 Jun 2018 [Q2 19 / Q2 18] Ordinary Revenues 107.892.983 97.107.984 11,1% Employee related Expenses (less) (24.540.927) (23.496.123) 4,4% Other operating expenses (less) (16.391.640) (15.861.881) 3,3% Depreciation
Slide 6: Revenues Breakdown
Revenues Breakdown Current Exercise Last Exercise VAR VAR % Ordinary Incomes [MM clp] Jun 2019 Jun 2018 [Q2 19/ Q2 18] [Q2 19/ Q2 18] Total Fees Revenues 93.767 87.497 6.270 7,2% Fees form Mandatory Contributions[10] 86.160 80.443 5.717 7,1% Fees for APV 3.607 3.299 308 9,3% Fees for CAV 1.955 1.841
Slide 7: Operating Expenses Breakdown
Operating Expenses Breakdown Current Exercise Last Exercise VAR VAR % Employee Expenses [MM clp] Jun 2019 Jun 2018 [Q2 19/ Q2 18] [Q2 19/ Q2 18] Administrative Staff Wages and Salaries (10.011) (9.663) 348 3,6% Sales Staff Wages and Salaries (8.289) (7.205) 1.085 15,1% Short – term Employee Benefits
Slide 8: Consolidated Balance
Consolidated Balance Current VAR % Current VAR % Last Exercise Last Exercise ASSETS [M clp] Exercise Jun [Q2 19 / Q4 LIABILITIES AND EQUITY [M clp] Exercise Jun [Q2 19 / Q4 Dic 2018 Dic 2018 2019 18] 2019 18] Cash and Equivalents 44.635.709 61.167.868 -27,0% Interest Bearing Loans Payable 3.085.781
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 +11,1% 101.737 +15,7% 107.893 69.732 97.108 60.249 2016 2017 2018 jun.-18 jun.-19 2016 2017 2018 jun.-18 jun.-19 EBITDA [MM clp/ Year] NET PROFIT [MM clp/ Year] 140.330 +67,2% 104.07
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 AFP HABITAT Cartola 12 meses (%) 36 meses (%) 60 meses (%) a A B C D E A B C D E A B C D E jun-19 3,96 5,19 8,39 10,27 9,01 7 6,57 6,26 5,59 4,77 NA NA NA NA NA 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 -
Slide 12: AFP Habitat: Return on Investment Peru
AFP Habitat: Return on Investment Peru 1st 2nd 3rd 4th 12 Meses 36 Meses 60 Meses TIPO FONDO Habitat Integra Prima Profuturo Habitat Integra Prima Profuturo Habitat Integra Prima Profuturo TIPO 0 4,24 3,87 4,08 4,13 4,59 4,24 4,21 4,37 n/a n/a n/a n/a TIPO 1 12,64 9,80 11,33 10,02 8,95 7,10 7,98 7,2
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: 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] 925 910 938 910 910 1.000 814 800 800 610 600 696 630 400 200 365 2009 2010 2011 2012 20
Slide 15: Industry Overview: Second AFP by number of contributors
Industry Overview: AFP Habitat it´s the second AFP with bigger quantity of Contributors, with a market share of 19,9%. Affiliates Contributors APITAL APITAL 14,9% PROVIDA CUPRUM 15,5% (1.623.043) 5,5% 24,9% (931.333) PROVIDA (593.599) (1.493.069) 27,3% CUPRUM 7,5% (2.970.097) (452.621) 18,1% HABITAT
Slide 16: Industry Overview: Largest total assets under management
Industry Overview: AFP Habitat managed the biggest amount of total Assets, with a market share of 28,2%. Total Assets Under Management Market share $ CLP MM CAPITAL CUPRUM 41.953.560 19,2% 18,5% 36.631.419 28.604.386 27.516.668 24,6% 28,2% PROVIDA 8.662.830 HABITAT 5.320.697 3,6% 5,8% PLANVITAL MODE
Slide 17: Industry Overview: Increase in base salary
Industry Overview: AFP Habitat was the second AFP that has most increased the base salary (4,0%) since December 2018. Average Salary Base [clp] 863.882 CAPITAL +4,0% 1.477.879 CUPRUM 933.679 970.673 865.562 970.673 HABITAT jun.-19 HABITAT 699.347 MODELO 579.255 PLANVITAL 2017 2018 jun.-19 672.950 PR
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 second Quarter
Relevant events realized during this second Quarter. We made our annual shareholders meeting We have remodeled two more branches: Viña del Mar and Calama. We have launched a grant fund “Piensa en Grandes” 19