Empresas Copec (COPEC) investor relations material

Business overview and structure

• Focuses on natural resources and energy, with major operations in forestry and energy sectors, and additional interests in mining, fishing, and food industries.

• Third largest global market pulp producer and second largest global wood panel producer.

• Main distributor of liquid fuels and liquefied gas in Chile, Colombia, Peru, and Ecuador, with the largest EV charging network in South America.

• Consolidated assets total US $33.2 billion as of December 2025.

• Operates through flagship subsidiaries with significant ownership stakes in key companies across its business lines.

Historical evolution and strategic focus

• Over nine decades, expanded from energy into forestry, mining, fishing, and international markets.

• Strategic focus on core segments, with divestments from non-core businesses to generate value and cash flow.

• Asset allocation prioritizes yield, risk, synergies, and leveraging internal know-how.

• Recent divestments in forestry and energy assets exceeded US $2.5 billion in the last five years.

Competitive advantages

• Among the most efficient global pulp producers, with low cash costs and diversified fiber exposure.

• Integrated production system and strong logistics, maximizing value from forest to port.

• Leadership in scale, efficiency, and brand recognition in fuels and lubricants distribution across multiple countries.

• Market leader in LPG distribution in Chile, Colombia, Peru, Ecuador, and Spain.