Quiñenco (QUINENCO) investor relations material

Ownership structure and portfolio

• Holds 65% of Antofagasta PLC and 83% of Quiñenco, with a diversified portfolio across mining, industrial, and financial services, operating in 140 countries and managing $102 billion in assets as of December 2024.

• Six main operating companies include Banco de Chile, CCU, Nexans, Hapag-Lloyd, SM SAAM, and Enex, with significant market capitalizations and global reach.

Financial performance and growth

• Net asset value (NAV) reached $9.4 billion as of September 2025, with an 8% compound annual growth rate over 21 years.

• Maintains a strong financial position with AA+/AAA credit rating, low corporate debt, and a conservative financial structure; net debt turned negative in 2025.

• Dividend yield remained robust, with 8.5% in 2024 and consistent dividend payouts supported by healthy cash flow from subsidiaries.

Strategic transactions and recent events

• Sold a 5% stake in Nexans in September 2025 for $310 million, reducing its holding to 9.2% and generating a significant after-tax gain.

• Increased stake in SM SAAM to 66% in November 2025 and distributed an interim dividend of $100 million.

• CSAV recovered €406 million in tax retentions and distributed a $200 million dividend in October 2025.

• Nexans completed major M&A deals, including divestments and acquisitions in Europe and the US, and appointed a new CEO in October 2025.

• SM SAAM launched electric tug boats in Canada and Chile and acquired full ownership of Intertug.