Quinenco S.A. · BCS:QUINENCO
Quinenco — Investor Presentation (May 2025)
31 slides from Quinenco's investor presentation, May 2025
Slide 1: Investor Presentation
Investor Presentation May 2025
Slide 2: Disclaimer
DISCLAIMER This presentation includes information on Quiñenco S.A. and related companies. Said information is summarized and does not intend to be complete, nor should it be considered as advice for potential investors. No representation or warranty, express or implied, is made as to the accuracy, o
Slide 3: Quiñenco at a Glance
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 3
Slide 4: At a Glance
QUIÑENCO AT A GLANCE OWNERSHIP STRUCTURE 65% 83% 17% Minority Shareholders (Chilean Stock Exchanges) Mining Listed on London Stock Exchange Holding Industrial / Financial Services 140 +76,500 US$ 102 bln Countries(1) Jobs(1) Assets under management (1) US$ 7.9 bln US$ 6.9 bln AA+/AAA Net Asset Value
Slide 5: Diversified Portfolio of Six Main Operating Companies
QUIÑENCO: INTRODUCTION DIVERSIFIED PORTFOLIO OF SIX MAIN OPERATING COMPANIES % Control as of December 2024 Mkt.Cap1 Mkt.Cap1 Mkt.Cap1 Mkt.Cap1 Mkt.Cap1 Book Value3 51.3% 65.9% 14.2% 30.0%2 62.6% 100% US$ 14.7 bln US$ 2.8 bln US$4.8bln US$27.5 bln US$1.2 bln US$1.0 bln • Leading full services bank •
Slide 6: Quiñenco Overview
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 6
Slide 7: One of Chile's Largest Business Conglomerates with Strong Fundamentals
QUIÑENCO OVERVIEW ONE OF CHILE’S LARGEST BUSINESS CONGLOMERATES WITH STRONG FUNDAMENTALS Strong Commitment to Prestigious Controlling Sustainable Progress Shareholders Sound Financial Proven Track Record in Position Value Creation Diversified Chile risk with Dominant Market increasing International
Slide 8: First Class Board and Management
QUIÑENCO OVERVIEW FIRST CLASS BOARD AND MANAGEMENT BOARD OF DIRECTORS Pablo Granifo L. Jean-Paul Luksic F. Paola Luksic F. Andrónico Luksic L. Nicolás Luksic P. Hernán Büchi B. Juan Carlos Jobet E. Ignacio Guerrero G. Chairman Vice Chairman Director Director Director Director Director Independent Di
Slide 9: Value Creation System
QUIÑENCO OVERVIEW VALUE CREATION SYSTEM Quiñenco has developed a value creation system through the professional management of its investments, which has led to various transactions throughout its history, generating US$1.9 billion in profits over the last 27 years from divestments of US$4.5 billion
Slide 10: Strong Growth in NAV
QUIÑENCO OVERVIEW STRONG GROWTH IN NAV … and an average annual compound growth rate of 8% in the net value of Quiñenco’s assets over the past 21 years(1) 7,893 Quiñenco-NAV(2) (3) 7,873 7,366 7,788 7,781 (MUS$) 6,858 6,541 6,565 5,789 5,875 6,003 5,351 5,364 5,137 4,660 3,275 3,071 2,721 1,989 2,028
Slide 11: Favorable Performance of NAV, Share Price & Dividends
QUIÑENCO OVERVIEW FAVORABLE PERFORMANCE OF NAV, SHARE PRICE & DIVIDENDS Dividends Paid NAV(1)/Share Price Trend (MCh$) as of December 31, 2024 50% 56% 30% 30% 90% 1,063,492 1,060,597 6,000 NAV: US$7.9 bln 600,000 $4,730 5,000 252,590 123,624 4,000 $3,277 2021 2022 2023 2024 YTD May 2025 3,000 Percen
Slide 12: Investment Criteria
QUIÑENCO OVERVIEW INVESTMENT CRITERIA Brand & consumer Competitive franchise development advantages and potential sufficient critical mass Controlling stakes or Prior operating significant influence or industry experience Access to strategic Growth platform or partners / commercial add-on acquisitio
Slide 13: Leading Market Positions
QUIÑENCO OVERVIEW LEADING MARKET POSITIONS The company’s investment strategy allows it to maintain a leading position in all its business areas and product segments Beverage Leading beverage company in Chile Financial #2 Beer in Argentina #2 Loans in Chile #1 Deposits in Chile Energy Transport #2 Fu
Slide 14: Controlling or Influential Interest with World Class Strategic & Commercial Alliances
QUIÑENCO OVERVIEW CONTROLLING OR INFLUENTIAL INTEREST ALONG WITH WORLD CLASS STRATEGIC & COMMERCIAL ALLIANCES Quiñenco partners with world class players to develop its markets and products to take advantage of combined know- how, experience and financial capacity Beverage Financial Energy Transport
Slide 15: Diversified Investments
QUIÑENCO OVERVIEW DIVERSIFIED INVESTMENTS Becoming one of the most diversified holding companies in Chile . . . Investments by Sector(1) Net Asset Value(2) (NAV) (as of December 31, 2024) (as of December 31, 2024) (Percentages calculated over gross assets) Cash Port Services Other 15% Financial 7% C
Slide 16: Growing and Diversified Revenues
QUIÑENCO OVERVIEW GROWING AND DIVERSIFIED REVENUES . . . achieving diversified and growing revenues . . . Consolidated Revenues(1) Aggregate Revenues by Sector(2) (MUS$) (YTD December 2024) 2.3% Port Services Financial 8,286 8,474 8,037 1% Services 8% Beverage 7% 5,438 4,534 Manufacturing 22% Transp
Slide 17: Sound Results
QUIÑENCO OVERVIEW SOUND RESULTS . . . and sound bottom line results Net Income(1) (MUS$) 3,548 Contribution to Net Income by Segment 845 667 1,900 307 300 845 242 229 667 138 136 211 248 35 33 110 2019 2020 2021 2022 2023 2024 Financial Energy Transport Total Port Services (19) Other(2) 287 273 2023
Slide 18: Holding Conservative Financial Structure
QUIÑENCO OVERVIEW QUIÑENCO HOLDING CONSERVATIVE FINANCIAL STRUCTURE Long term investments are financed with equity and long term debt in Chilean pesos . . . Assets Liabilities and Equity US$10.9 billion as of December 2024 US$10.9 billion as of December 2024 ST Debt Cash LT Debt 1% 15% 12% Other Lia
Slide 19: Low Financial Corporate Debt
QUIÑENCO OVERVIEW LOW FINANCIAL CORPORATE DEBT . . . maintaining low levels of debt through asset disposals and strong dividend flow . . . Net Debt (MUS$) 1,000 0.4 800 0.35 600 0.3 0.25 400 0.2 200 0.15 - 0.1 2020 2021 2022 2023 2024 (200) 0.05 (400) 0 Net Debt Debt/Capitalization(1) MUS$ 2020 2021
Slide 20: Diversified and Healthy Dividend Cashflow
QUIÑENCO OVERVIEW DIVERSIFIED AND HEALTHY DIVIDEND CASHFLOW . . . to the parent company based on good operating company performance Dividends Composition of Dividends (MUS$) (2024) 1,146 1,077 NEXANS Other 956 2% 0% SM SAAM LQIF/Banco de Chile 15% 18% IRSA/CCU 483 1% 120 2020 2021 2022 2023 2024 SM
Slide 21: Sustainability Policy
QUIÑENCO OVERVIEW SUSTAINABILITY POLICY Quiñenco has a strong commitment to sustainable progress as a central part of its business model, based on four strategic pillars. SUSTAINABLE HUMAN DEVELOPMENT EXCELLENCE PEOPLE COMMITMENT TO THE LEADERSHIP COUNTRY We work for progress, open to the world to c
Slide 22: Recent Events
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 22
Slide 23: Quiñenco Distributes Total Dividend of Ch$600 Billion
RECENT EVENTS QUIÑENCO DISTRIBUTES TOTAL DIVIDEND OF Ch$600 BILLION, EQUIVALENT TO 90% OF 2024 NET INCOME • As approved by the Annual Shareholders’ Meeting held during April 2025, as of May 16, 2025, Quiñenco paid a dividend of Ch$240.564 per share, payable to shareholders registered as of May 10, 2
Slide 24: Quiñenco Sells 5% Stake in Nexans
RECENT EVENTS QUIÑENCO SELLS 5% STAKE IN NEXANS • On November 22, 2024, Quiñenco successfully completed the sale of 2,200,00 shares of Nexans, through an accelerated book-building offering, at a price of €102 per share. • Thus, total net proceeds amounted to US$234 million, and Quiñenco reduced its
Slide 25: Nexans Acquires La Triveneta Cavi and Sells AmerCable
RECENT EVENTS NEXANS ACQUIRES ITALIAN COMPANY LA TRIVENETA CAVI AND SELLS AMERCABLE • On January 2, 2025, Nexans completed the sale of AmerCable, a leading manufacturer of electrical power, control and instrumentation cables for harsh environments based in the USA, to global technology company Mattr
Slide 26: CCU Signs Agreement with Vierci Group in Paraguay
RECENT EVENTS CCU SIGNS AGREEMENT WITH VIERCI GROUP IN PARAGUAY • On October 15, 2024, CCU announced binding association agreements with the Vierci Group, which holds the PepsiCo license for the distribution of beverages and snacks in Paraguay. • Through the agreements, the Vierci Group to acquire 4
Slide 27: SM SAAM Launches Fully Electric Zero-Emission Tug Botas in Vancouver
RECENT EVENTS SM SAAM LAUNCHES FULLY ELECTRIC AND ZERO- EMISSION TUG BOTAS IN VANCOUVER, CANADA • On April 10, 2024, SAAM Towage Canada, together with strategic partners Teck Resources and Neptune terminals, launched the first two fully electric zero-emission tug boats at the port of Vancouver, whic
Slide 28: Enex Opens New Road Ranger Travel Centers in the USA
RECENT EVENTS ENEX OPENS NEW ROAD RANGER TRAVEL CENTERS EXPANDING ITS PRESENCE IN THE USA TO OVER 50 LOCATIONS • During 2024, Road Ranger, Enex’s network of highway travel centers in the USA, inaugurated four new stations, three in Texas and one in Illinois, thus increasing its network to a total of
Slide 29: Conclusions
• QUIÑENCO AT A GLANCE • QUIÑENCO OVERVIEW • RECENT EVENTS • CONCLUSIONS 29
Slide 30: Outlook
CONCLUSIONS OUTLOOK SOUND CASH POSITION • Strong cash levels • Conservative financing policy FACTORS THAT CONTRIBUTE TO QUIÑENCO’S ABILITY TO PURSUE AND UNDERTAKE NEW INVESTMENT HEALTHY FINANCIAL STRUCTURE OPPORTUNITIES • Sound financial indicators • Well structured Balance Sheet • AA+/AAA local rat
Slide 31: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION 31