Quiñenco (QUINENCO) Investor presentation summary

Ownership and portfolio structure

• Holds 65% of Antofagasta PLC and is controlled by the Luksic Group, with a diversified portfolio across mining, industrial, and financial services in 140 countries.

• Net asset value stands at US $7.9 billion, with a market cap of US $6.9 billion and assets under management totaling US $102 billion.

• Operates six main companies: Banco de Chile, CCU, Nexans, Hapag-Lloyd, SAAM, and Enex, with significant market positions in their sectors.

Financial performance and growth

• Achieved an average annual compound NAV growth rate of 8% over the past 21 years, reaching US $7.9 billion in 2024.

• Maintains a conservative financial structure with 86% equity and low corporate debt, reporting net debt of -US $247 million in 2024.

• Distributed Ch $600 billion in dividends in 2024, equivalent to 90.3% of net income.

• Consolidated revenues reached US $8.5 billion in 2024, with transport and manufacturing as leading contributors.

• Net income for 2024 was US $667 million, with strong contributions from financial and transport segments.

Strategic investments and recent events

• Sold a 5% stake in Nexans for US $234 million, reducing its holding to 14.2% and generating Ch $57 billion in net income.

• Nexans acquired La Triveneta Cavi and sold AmerCable, advancing its electrification strategy.

• CCU formed a partnership with Vierci Group in Paraguay, expanding its PepsiCo license presence.

• SAAM launched fully electric tug boats in Vancouver and secured a contract for the first electric tug in Chile.

• Enex expanded its US travel center network to 53 locations and received US $105 million in capital increases.