Company Presentation September 14

(1)

Company Presentation

(2)



Habitat initiated operations

in Peru, after being awarded

the 1

st

_{new affiliates auction}

for 2 years

2012

June 1

st

2013



ILC sold 51% of Desarrollos

Educacionales



ILC acquired 67% of the

shares of Corp Group Vida

Chile S.A.



ILC placed the

largest IPO in Chile

(US$ 468 million)

June 18

th

2013



Vida Cámara was awarded

in the D&S insurance

auction in Peru



Vida Cámara was awarded

in the D&S insurance

auction in Chile

May 12

th

2014

November

18 th

₂₀₁₃

September

13 th

₂₀₁₃

August

19 th

₂₀₁₄



ILC subscribed a

Memorandum of

Understanding with the

controlling shareholder of

Banco Internacional.

(3)

17.8%

performance difference as of September 8th_,

2014

Ownership structure (Jun-14)

Market Cap (MMUS$)

Stock price (Ch$)

**Net Income 6M14 (US$* Th)**

1,329

7,781

70,968

P/E

8.3 P/BV

1.62 September 8

th

₂₀₁₄

‐7.6% 10.2%

Evolution of the stock price

Dividend Pay Out

60%‐80%

*Exchange rate of Ch$552.72 as of June 30th_{, 2014}

CChC 67.0% Stockbrokers 11.8% Internationals 17.0% Mutual Funds & Others 4.2% ‐30,0% ‐20,0% ‐10,0% 0,0% 10,0% 20,0% 30,0% 40,0%

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ILC IPSA

(4)

4 ILC

Page

4 June, 2014

Exchange rate: CLP 552.72 per 1USD (*) Since June 18th_{, 2013}



Pension funds administration (AFP)



Life Insurance Company (Annuities)

Retirement

Sector



Health insurance institution (ISAPRE)



Hospital healthcare services



Outpatient healthcare services



Supplemental health insurance

Healthcare

and life

Insurance

Sector



Network of nine private schools and one

subsidized private school



IT and outsourcing services

Other

Business

US$458.3 mm

Revenues

US$ 37.9 mm

US$-1.04 mm

Net Income

US$-2.5 mm

67.0%

Ownership

99.9%

US$303.8 mm

US$

183.6 mm

US$ 15.8 mm

US$ 0.7 mm

99.9%

89.9%

US$3.12 mm

US$0.34 mm

**49.0%(*)**

32.9%

Company overview

US$125.4 mm

_{US$ 94.2 mm}

_67.5%

(5)

Revenues come from…

Gross

Salary

Net

Salary

Taxes: Range 0% - 40%

$

1.27% Commission fee

Supplemental health insurance

7%

Additional health contribution

Pension Fund

Retirement

Habitat average: Ch$ 667,675

(US$ 1,208

)

Chile average: Ch$ 615,048

(US$ 1,113)

10%

Voluntary savings

Annuity

Savings

Retirement

Programmed Withdrawal

Mandatory Health Insurance

Voluntary Health Insurance

(6)

(7)

Habitat

Income Statement (Th.US$*)

Revenues Cost of sales June – 14 125,359 -EBITDAE** SG&A 85,611 (47,741) Operating Income 77,527 Gross Profit 125,359 June – 13 114,948 -76,817 (46,710) 68,077 114,948 Net Income 94,161 67,743 Var. % 9.1% -11.4% 2,2% 13.9% 9.1% 39.0%

Gain (loss) of the encaje 32,656 6,918 372.0%

• Created in 1981 under the new

provisional system

• The only AFP under the same

controller through all its history

• 67.5% owned by ILC

• One of the most efficient AFP in

terms of cost control and the

second cheapest on fees

**EBITDAE calculated as profit before tax minus depreciation, finance cost, other non operational cost and financial income due to Habitat´s encaje. * Exchange rate of Ch$552.72 as of June 30th,2014.

(8)

8 ILC

Page

8

1,705,563 1,178,823 979,610 448,348 443,311 172,679

PROVIDA HABITAT CAPITAL MODELO CUPRUM PLANVITAL

Habitat: Key considerations



Salary base increase



Voluntary savings products



Incorporation of independent workers to the system



Capture of transfers from competitors

Products offered

Mandatory individual capitalization account

 Contributions = 10% of gross salary (capped at

~US$3,000 per month)

Voluntary pension contributions

 Tax exempt, up to a certain amount

Voluntary savings account

 Allows withdrawals at any time

Programmed withdrawals

 Pension payment option in which retirees maintain

their account with the AFP

Ample growth opportunities

Total AUM = US$170.1 bn

Source: Superintendencia de Pensiones, as of June 30th, 2014

Contributors distribution (as of June 2014)

Source: Superintedencia de Pensiones

1_{Contributors / affiliates} Contribution rate1 52.8% 58.9% 56.8% 46.4% 75.7% 48.0% Habitat 26.1% Provida 27.9% Capital 20.9% Planvital 2.7% Cuprum 21.0% Modelo 1.5%

(9)

0

20

40

60

80

100

120

140

160

180 00%

30%

60%

90%

120%

150%

48,615 55,974 63,500 61,515 64,824 33,619 33,995 27,089 19,504 13,061 14,649 3,824 18,050 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2009 2010 2011 2012 2013 Jun‐13 Jun‐14

Net Income (Ch$ mm)

Fee income

(US$ million)

& Expenses % (Jun -14)

Current mandatory fee (August– 2014)

Operating expenses & % fee income (Jun-14)

Habitat: Key considerations

Based on actual figures Adjusted to Habitat’s 1.27% fee rate Habitat 1.27% Capital 1.44% Cuprum 1.48% Provida 1.54% Planvital 0.47% Modelo 0.77% Fee Incom e (US$ m illi on)

Expenses % Fee Income

Habitat 125 Capital 111 Cuprum 96 Provida 164 Planvital 21 Modelo 25 38.1% 35.6% 47.8% 37.5% 67.3% 64.6%

CAGR ex-encaje (‘09-’13) 7.5%

(1,846)

(10)

10 ILC

Page 10

30,793 36,305 37,281 41,805 42,653 44,330 2009 2010 2011 2012 2013 Jun‐14 429,034 442,013 471,108 507,869 547,553 593,180 615,048 429,414 442,068 475,543 523,877 578,907 638,923 667,675 400,000 450,000 500,000 550,000 600,000 650,000 700,000

Dec 08 Dec 09 Dec 10 Dec 11 Dec 12 Dec 13 Jun‐14 Industria Habitat

Ch$

AFP Industry as of June 2014

Evolution of Contributors

Contributor average salary

Evolution of Habitat AUM (US$ Million)

Source: Superintendencia de Pensiones, as of June, 2014

Annual growth of Gross Salary

(nominal terms) CAGR: 8.2% CAGR: 8.4% 9.9% 7.8% 7.6% 11.7% 6.7% 8.8% _8.1%

Habitat Capital Cuprum Modelo Planvital Provida Sistema

0.3% ‐1.6% 1.1% 25.5% ‐1.6% ‐0.3% 0 400,000 800,000 1,200,000 1,600,000 2,000,000

Habitat Capital Cuprum Modelo Planvital Provida jun‐13 jun‐14 var anual %

(11)

25.2%

25.4%

25.5%

_25.4%

25.4%

21.3%

21.2%

21.1%

_20.9%

34.2%

_33.6%

_32.9%

_32.7%

_32.4%

3.3%

3.9%

4.5%

5.0%

5.4%

0.7%

15.3%

15.1%

15.2%

_15.2%

ju

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13 ene

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fe

b

‐14

mar

‐14

ab

r‐

14 may

‐14

ju

n

‐14

Habitat

Capital

Cuprum

Modelo

Planvital

Provida

AFP Industry as of June 2014

Contributors Evolution: Salary < CL$500 Th.

Contributors Evolution: Salary > CL$1,400 Th.

Contributors Market Share Evolution:

Salary > CL$1,400 Th.

Contributors Market Share Evolution:

Salary < CL$500 Th.

22.5% 22.1% _21.7% _21.3% _21.0% 19.1% 18.8% 18.6% 18.4% 18.2% 3.2% 3.0% 2.9% 2.8% 2.8% 10.8% 11.9% 12.9% 14.0% 14.9% 4.4% 4.4% 4.4% _4.4% 4.3% 40.1% 39.8% 39.5% _39.1% _38.8% ju n ‐13 jul ‐13 ago ‐13 se p ‐13 oct ‐13 nov ‐13 di c‐ 13 en e ‐14 fe b ‐14 ma r‐ 14 ab r‐ 14 ma y‐ 14 ju n ‐14 Habitat Capital Cuprum Modelo Planvital Provida 0 2,000 4,000 6,000 ju n ‐13 jul ‐13 ago ‐13 se p ‐13 oct ‐13 nov ‐13 di c‐ 13 en e ‐14 fe b ‐14 ma r‐ 14 ab r‐ 14 ma y‐ 14 ju n ‐14 N° of Contributors Habitat Capital Cuprum Modelo Planvital Provida

‐30,000

0 30,000

60,000

ju

n

‐13

ju

l‐

13 ago

‐13

se

p

‐13

oc

t‐

13 nov

‐13

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13 en

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N° of

Contributors

Habitat

Capital

Cuprum

Modelo

Planvital

Provida

(12)

12 ILC

Page 12

Habitat: Peru



December 20

th

_{2012, Habitat was awarded in the first auction in}

Peru



All the new entrant into the formal sector contribute into Habitat

for two years



600,000 new beneficiaries expected in two years



As of June 1

st

_{2013, Habitat started operations in Peru.}



As of June 2014, Habitat Market Share is 4.3% in terms of

affiliates

Mandatory mix fee rate after the first auction (%)

Ample growth opportunities

Total AUM = US$38.2 bn

Source: SBS as of June 2014

Contributors distribution (as of April 2014)

Prima

1.55%

Over the contribution

Integra

Over the AUM

1.51% 1.49% Profuturo PROMEDIO 0.47% Habitat 1.26% 1.20% 1.90% 1.20% 1.25% 1.39%

Source: Superintendencia de Banca, Seguros y AFP del Perú Source: SBS as of April 2014 Habitat 0.2% Integra 40.9% Prima 31.6% Profuturo 26.2% 2,043,980 1,846,122 1,466,526 198,481

(13)

Potential synergies in the health business

7% of the

gross salary

is the

mandatory

contribution

* The GES plan cost 0.325 U.F since July 1st_{, 2013}

Full coverage of 80 diseases in an established network *

10% of the

gross salary

is the average

contribution

Average monthly contribution

per contributor: USD $137.9

Medical Bill

Monthly primus

Co-payment between the company and the employee

Average monthly contribution

per beneficiary: USD $18.7

% covered by:

% of the

Net Salary

% covered by the

person

or

USD 15.2**

(14)

14 ILC

Page 14

Consalud

Jun – 14 303,786 (247,876) (39,892) 17,269 55,910 Jun – 13 269,331 (203,896) (36,807) 3,712 38,436 15,841 5,235 Var. % 12.8% 7.4% 8.4% 365.2% 45.5% 202.6%

Income Statement (Th. US$*)

Revenues Cost of sales SG&A Operating Income Gross Margin Net Income

• Created in 1984 under the new

provisional

health

system

(Isapre)

• 99.9% owned by ILC

• The price of GES rose to UF

0.325 due to the inclusion of 11

new diseases, since July 1

st

_,

2013

22,070 7,806 182.8%

EBITDA**

**EBITDA calculated as profit before tax minus depreciation, finance cost and other non operational cost. *Exchange rate of Ch$552.72 as of June 30th, 2014.

(15)

Products offered

Consalud: Key considerations



Growing demand prospects



Leading private health insurance provider

and strong market position



Strong brand recognition



Continuous innovation and incorporation of

new technologies



First choice provider for people moving

from the public to the private health

insurance system

Medical plans

 Open network plans

 Preferred provider plans

 Closed network plans

Complementary product offerings

 Additional coverage for catastrophic

diseases

 Dental plans

 Pharmacy plans

18.6% 18.2% 13.6% 29.8% 19.7% Isapre: 3.12 mm Fonasa D: 3.0 mm Fonasa C: 2.2 mm Fonasa B: 4.9 mm Fonasa A: 3.2 mm

Source: Superintendencia de Salud, as of May 2014 Others includes Vida Tres and Ferrosalud.

Total Contributors = 1,718,053

Source: Fonasa, as of December, 2012

Consalud 21.1% Cruz Blanca 21.0% Banmédica 20.9% Colmena 16.2% Masvida 15.6% Others 5.2%

(16)

16 ILC

Page 16

Consalud: Key considerations

Source: Superintedencia de Salud and ILC 1_{Operating revenues divided by the number of contributors. E}_{xchange rate of Ch$552.72 as of June 30}th_,2014_;2_{Operating expenses divided by operating revenues}

Number of Contributors (as of May 2014)

Average monthly contribution

1

_{in US$ (June 2014 LTM)}

Loss ratio

2

_{(as of June 2014 LTM)}

Number of Beneficiaries (as of May 2014)

362,254 361,162 359,026 277,686 _267,804 75,189 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000

Consalud Cruz Blanca Banmédica Colmena Masvida Vida Tres

670,669 659,493 652,833 500,181 498,254 140,475 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000

Consalud Banmédica Cruz Blanca Colmena Masvida Vida Tres

82.7% 85.0% 87.9% 88.2% 88.3% 89.8% 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0%

Consalud Cruz Blanca Banmedica Vida Tres Masvida Colmena 137.9 149.2 158.1 169.8 195.1 235.9 0 50 100 150 200 250

(17)

Consalud: Operating data

Mandatory contributions (Ch$ million) Voluntary contributions (Ch$ million)

Jun-14 LTM

239,262 91,539 TOTAL (Ch$ million) 331,364 Others (Ch$ million) 563

Dec-12

208,126 66,793 275,380 461

Dec-13

231,374 80,426 312,320 520

Source: Superintedencia de Salud, FEFI Consalud as of March 2014.

671,571 675,665 670,669 $ 410,053 $ 462,241 $ 494,080 300,000 350,000 400,000 450,000 500,000 550,000 500,000 520,000 540,000 560,000 580,000 600,000 620,000 640,000 660,000 680,000 700,000

Dec‐12 Dec‐13 Jun‐14 LTM

Beneficiaries

N° Beneficiaries Revenues / Beneficiary (Ch$)

(18)

18 ILC

Page 18

Red Salud

Jun-14 183,569 (144,993) (27,322) 11,253 38,575 Jun-13 165,533 (130,759) (23,343) 11,431 34,775 718 5,073 Var. % 10.9% 10.9% 17.0% (1.6%) 10.9% (85.8%)

Income Statement (Th. US$*)

Revenues Cost of sales SG&A Operating Income Gross Margin Net Income

• One

of

the

main

private

healthcare

providers,

reaching

close to 18.6% of the private

beds in Chile

• 89.9% owned by ILC

• National

coverage

through

a

network of 16 hospitals and 33

medical centers

20,223 21,629 (6.5%)

EBITDA**

**EBITDA calculated as profit before tax minus depreciation, finance cost and other non operational cost. *Exchange rate of Ch$552,72 as of June 30th ,2014.

(19)

68

100

103

105

128

256

321

335

400

228

540 Iquique

Las Lilas

Avansalud

UC San Carlos

UC Lira

Tabancura

Las Condes

Indisa

Santa María

Alemana

Bicentario

Davila

Chilean private hospitals by number of beds (2013)

Red Salud: Overview

493*

Red Salud hospitals Others

ILC market share (in terms of private

hospital beds): 18,6%

Source: ILC, annual reports of the companies as filed with the SVS, except Clinica Alemana, where the information has been derived from its website; *Represents the original number of beds for this project, still not approve by the board.

(20)

20 ILC

Page 20

Evolution of revenues – Red Salud

Red Salud: Operating data

Admissions

Emergency room visits

Jun-13

25,542 61,271 Patient days 61,698

Jun-14

25,645 68,617 63,668 Tabancura Avansalud Average ocupancy rate 71.0% 64.0% Iquique 54.5% Bicentenario 71.9% Average lenght of stay (days) 3.20 1.77 2.48 3.62

June - 14

Includes Bicentenario, Avansalud, Tabancura and Iquique hospitals

Evolution of EBITDA LTM – Clínica Bicentenario

66,442 74,735 77,307 97,369 117,691 125,088 0 50,000 100,000 150,000 200,000 250,000

Dec‐12 Dec‐13 Jun‐14 LTM

Hospital revenues Outpatient revenues Ch$ million

(21)

Red Salud: Operating data

Evolution of Revenues, Net Income and EBITDA of our private

hospitals and outpatient centers

Income Statement (Jun-14) Megasalud Avansalud Tabancura Bicentenario Iquique

Ch$ millions

Revenues

44,926

16,566

16,083

19,724

2,918

Cost of sales

(35,760)

(12,582)

(12,400)

(16,538)

(1,995)

Gross Profit

9,166

3,984

3,683

3,186

923 SG&A

(5,761)

(2,149)

(2,776)

(2,958)

(761)

Operating Income

3,405

1,835

907

228

162 Net Income

2,776

781

538 (1,452)

42 EBITDA

(*)

_4,929

_3,075

_1,611

_1,306

₃₃₅

EBITDA Mg.

11.0%

18.6%

10.0%

6.6%

11.5%

(*) EBITDA calculated as Operating Income minus depreciation and amortization

Income Statement (Jun-13) Megasalud Avansalud Tabancura Bicentenario Iquique

Ch$ millions

Revenues

40,042

15,158

15,321

17,065

3,180

Cost of sales

(31,150)

(11,820)

(11,732)

(14,866)

(2,201)

Gross Profit

8,891

3,337

3,589

2,200

980 SG&A

(5,384)

(1,771)

(2,408)

(2,018)

(745)

Operating Income

3,507

1,566

1,181

181

235 Net Income

2,560

702

825 (918)

164 EBITDA

(*)

_4,983

_2,681

_1,818

_1,164

₃₃₄

EBITDA Mg.

12.4%

17.7%

11.9%

6.8%

10.5%

(*) EBITDA calculated as Operating Income minus depreciation and amortization

(22)

22 ILC

Page 22

Vida Cámara

Jun – 14 34,631 (34,106) (7,348) (3,490) 3,858 Jun – 13 22,267 (20,358) (5,275) 469 5,744 (2,525) 277 Var. % 55.5% 67.5% 39.3% (844%) (32.8%) (1012%)

Revenues from insurance activities

Cost of Sales

SG&A

Operating Income

Gross Margin

Net Income

• Created in 2009 due to the

acquisition of 99.9% of RBS

(Chile) Seguros de Vida S.A.

• 99.9% owned by ILC

• On January 2012 launch the

complementary

health

insurance

business,

adding

more than 9,000 beneficiaries

per month

• As of September 23

rd

_2013,

Vida Cámara was awarded,

with two of seven fractions, the

D&S insurance auction in Peru.

• As of May 12

th

_{2014, Vida}

Cámara was awarded, with two

of nine fractions of the male

pool, in the D&S auction in

Chile.

*Exchange rate of Ch$552,72 as of June 30tth _2014.

Income Statement (Th. US$*)

3,333 3,836 (13.1%)

(23)

Vida Cámara: Key considerations

 Since July 2012, Vida Cámara

stopped supplying the D&S

insurance

 36% premium market share in the

D&S business (July 2010-June 2012)

 Complementary health insurance

 Life and catastrophic insurance

 Entrance in Peru

In average, more

than 9,000

beneficiaries per

month

Evolution of beneficiaries for the complementary health insurance

New projects

(24)

24 ILC

Page 24

Corp Group Vida Chile

Jun – 14 (**) 277,565 (444,174) (14,145) 22 14,167 Jun – 13 307,789 (450,734) (18,829) (8,635) 10,194 (1,048) (4,203) Var. % (9.8%) (1.5%) (24.9%) 100.3% 39.0% 301%

Revenues from insurance activities

Cost of Sales SG&A Operating Income Gross Margin Net Income

• As of November 18

th

_{, 2013 ILC}

acquired 67% of the shares of

Corp Group Vida Chile S.A.

• The price paid for the shares

and social rights was CLP

$87,250 million (US$ 167.5

mm)

Key Considerations (as of June 2014)

• 15.5%

Market

share

on

annuities

• 7.9%

Market

share

on

life

insurance direct premium

• 16.4% Market share on AuM

• More

than

300,000

policy

holders in CorpVida

*Exchange rate of Ch$552,72 as of June 30tst _{2014.(**) ILC only consolidate the 1Q14 period.}

Income Statement (Th. US$*)

180,776 153,139 18.0%

Revenues from financial result

(4,485) (4,547) 1.4%

Non-Insurance Activity Profit

485 (2,788) 117.4%

(25)

Corp Group Vida Chile

Income Statement evolution of Corp Group Vida Chile

subsidiaries

Corpseguros S.A.

Income Statement 1H14 1H13 Var % 2Q14 2Q13 Var %

Premium Income 35,881 49,403 -27.4% 17,174 22,861 -24.9%

Annuity 34,439 47,820 -28.0% 16,455 22,084 -25.5%

Loans 1,442 1,583 -8.9% 719 777 -7.5%

Result of Investments 81,725 77,510 5.4% 45,330 38,959 16.4% Reserves and Claims (103,025) (118,600) -13.1% (48,323) (56,751) -14.9%

Gross Profit 14,581 8,314 75.4% 14,180 5,069 179.7%

Administrative expenses (3,429) (3,031) 13.1% (1,660) (1,331) 24.7%

Operating Income 11,152 5,283 111.1% 12,520 3,738 235.0%

Non‐Operating income 1,225 (757) 261.9% 493 (1,093) 145.1% Profit before tax 12,378 4,526 173.5% 13,013 2,645 392.0% Income tax expenses (1,305) 3,922 -133.3% (1,186) 3,073 -138.6%

Profit to Corpseguros S.A. (**) 11,072 8,448 31.1% 11,827 5,718 106.8%

US$ Th. (*) US$ Th. (*)

(*) Exchange rate of $552.72 as of June 30th 2014. (**) ILC only consolidate the 2014 d

Corpvida S.A.

Income Statement 1H14 1H13 Var % 2Q14 2Q13 Var %

Premium Income 253,686 258,558 -1.9% 123,083 130,320 -5.6%

Annuity 205,003 205,247 -0.1% 98,939 101,652 -2.7%

Individual Life Insurance 40,869 31,431 30.0% 20,070 17,158 17.0%

Corporate 6,212 20,497 -69.7% 3,261 10,801 -69.8%

Loan 1,602 1,383 15.9% 813 710 14.5%

Result of Investments 88,156 65,749 34.1% 52,620 17,694 197.4%

Reserves and Claims (340,552) (326,176) 4.4% (165,099) (164,835) 0.2%

Gross Profit 1,290 (1,870) 169.0% 10,605 (16,821) 163.0%

Administrative expenses (12,370) (10,888) 13.6% (6,716) (5,499) 22.1%

Operating Income (11,080) (12,757) 15.1% 3,889 (22,320) 117.4%

Non‐Operating income (1,254) 853 -247.0% (2,554) 2,667 -195.8% Profit before tax (12,334) (11,904) -3.5% 1,334 (19,654) 106.8% Income tax expenses 1,746 667 161.6% 956 (63) 1618.5%

Profit to Corpvida S.A. (**) (10,588) (11,237) 6.1% 2,290 (19,717) 111.6%

(*) Exchange rate of $552.72 as of June 30th 2014. (**) ILC only consolidate the 2014 period.

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Balance Sheet

Jun – 14 380,831 1,340,302 9,963,111 Dec – 13 412,412 1,287,934 9,540,934

Balance

Total current assets Total non current assets

TOTAL ASSETS 277,460 745,084 7,635,345 313,504 711,176 7,217,411 Total current liabilities

Total non current liabilities Total insurance liabilities

1,283,158 1,298,843

TOTAL EQUITY

9,963,111 9,540,934 TOTAL EQUITY &

LIABILITIES

**US$* Thousands**

Jun – 14 152,005 670,105

US$* Thousand

Short term debt Long term debt

822,111

Total financial debt

Jun – 14 334,210

1,283,158

US$* Thousand

Cash & cash equivalent

Total equity

< 1.0 X

0.38 x

COVENANT

Net Fin. Debt / Total Equity

(*)Exchange rate of Ch$552.72 as of June 30th_{, 2014}

8,241,978 7,840,589

Total insurance assets

Jun– 14

102,917

Jun – 13

Income Statement

Non insurance activity operating income

70,968 54,080

NET INCOME

130,723 113,338

Profit attributable to non-controlling interest and

income tax expense

85,820

14,980 Non insurance activity non

operating income 9,525

Insurance activity operating

income (3,468) 469

Insurance activity non

operating income 486 47

(43,947) (41,781)

Non insurance activity EBITDAE**

(**)EBITDAE calculated as profit before tax minus depreciation, finance cost, other non operational cost and financial income due to Habitat´s encaje.

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28 ILC

Page 28

Financial Data (as of June 2014)

Financial Debt

Cash Flow from our main subsidiaries (Jun-14)

EBITDA

(non insurance business)

(Jun-14)

Credit Risk

Feller Rate:

AA+

Humphreys:

AA+

Local credit rating

(*) According to Superintendency of Health regulation. (**) According to the current dividend policy of each subsidiary as of June 2014

Financial Debt

(USD million) ILC Habitat Vida Cámara Vida Chile S.A.Corp Group C. Machalí Consalud Red Salud TOTAL Short Term 0.8 0.1 2.7 117.8 0.3 0.1 30.4 152.0 Bonds 0.8 ‐ ‐ 17.8 ‐ ‐ ‐ 18.6 Bank loans ‐ ‐ 2.7 100.0 0.3 0.1 24.3 127.3 Leasing ‐ 0.1 ‐ ‐ ‐ ‐ 6.0 6.1 Long Term 266.8 0.4 ‐ 190.9 6.2 1.0 204.8 670.1 Bonds 102.6 ‐ ‐ 166.8 ‐ ‐ 82.8 352.2 Bank loans 164.3 ‐ ‐ 24.1 6.2 1.0 38.5 234.1 Leasing ‐ 0.4 ‐ ‐ ‐ ‐ 83.4 83.8 Total 267.6 0.5 2.7 308.6 6.5 1.1 235.1 822.1 Jun‐14 Distributable Net Income (US$ Th) Dividend Policy** % Ownership % Div. to ILC (US$ Th.) Habitat 57,876 90% 67.5% 35,149 Red Salud 718 100% 89.9% 646 Consalud* 15,782 100% 99.9% 15,766 Vida Cámara (2,525) 100% 99.9% ‐ CGVC (1,048) 30% 67.0% ‐ Total 70,803 51,561 76,817 85,611 7,806 22,070 21,629 20,223 7,087 2,819 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 1H13 1H14 Others Red Salud Consalud Habitat US$ Th.

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