Qualitas Controladora S.A.B. de C.V. · BMV:Q
Qualitas Controladora S.A.B. de C.V — Q2 2012 Earnings Presentation
24 slides from Qualitas Controladora S.A.B. de C.V's earnings presentation, 2012
Slide 1: Earning Results 2Q12
EARNING RESULTS 2Q12
Slide 2: Contents
CONTENTS Introduction - Background of the Holding - Objectives of the Holding - Exchange Offer Results Results - Financial Figures of the Holding - Financial Figueres of Quálitas - Premiums Written by Segment - Insured Vehicles - Sale of New Units - Ratios - Integral Financing Result Ratios - Cash a
Slide 3: Background of the Holding QC
Background of the Holding QC 1Q 1 QC Exchange Offer Period CPO CPO from June 19th to July 16th, 2012 Specialized in auto insurance Claims service 3
Slide 4: Holding QC Objectives
Holding QC Objectives Greater efficiency in the international expansion program. 1 Greater flexibility to launch related businesses. 2 Lower cost of capital upon having access to more financing options. 3 Greater flexibility of the fondo de recompra 4 Individualized information of subsidiaries. 5 Fi
Slide 5: Exchange Offer Result
Exchange Offer Result QC CPO started trading in the Mexican Stock Exchange on July 17th. We will initiate actions to delist Q CPO 5
Slide 6: Holding QC
Holding QC Ticker: QC CPO ISIN: MX01QC000000 6
Slide 7: Holding QC Balance Sheet
Holding QC Balance Sheet As of June 30 Figures in pesos Assets 2012 2011 Ch % Cash and Banks 382,253 43,468 NA Debtors - - NA Other 249,269 863 NA Total Assets 631,522 44,331 NA Liabilities Miscellaneous Creditors 2,052,736 - NA Other liabilities 91,902 - NA Total Liabilities 2,144,638 - NA Stockhol
Slide 8: Holding QC Income Statement
Holding QC Income Statement Figures in pesos 6M12 6M11 % Ch. Premiums Written $ - $ - NA Operating Expenses 1,277,518 3,327 NA Income before taxes -1,277,518 -3,492 NA Income Taxes - - NA Net Income -1,277,518 -3,492 NA 8
Slide 9: Financial Figures and Results of Quálitas Compañía de Seguros
Financial Figures and Results of Quálitas Compañía de Seguros, S.A.B. de C.V. 9
Slide 10: Financial Figures 2Q12
Financial Figures 2Q12 FINANCIAL FIGURES 2Q12 2Q11 Ch.% RESULTS Premiums Written 3,241 2,406 34.7% Net Premiums Written 3,241 2,312 40.2% Premiums Earned 2,941 2,571 14.4% Acquisition Cost 693 540 28.3% L&LAE Cost 1,996 1,823 9.5% Underwriting Result 252 208 21.3% Operating Expenses 41 68 -39.3% Ope
Slide 11: Financial Figures as of June 30, 2012
Financial Figures as of June 30, 2012 BALANCE SHEET FIGURES Cash & Investments 8,114 6,973 16.4% Total Assets 16,367 14,188 15.4% Technical Reserves 10,383 9,318 11.4% Total Liabilities 13,361 11,930 12.0% Stockholder´s Equity 3,007 2,259 33.1% 11
Slide 12: Profitability
Profitability ROE 48.5% ROE Proforma 45.0 % Solvency Margin Ratio 37.7% 12
Slide 13: Premiums Written by Segment
Premiums Written by segment Segment 2Q12 2Q11 Ch. $ Ch. % Individual 989 873 116 13.2% Fleets 879 507 372 73.4% Sum of Traditional 1,868 1,380 487 35.3% Toll Roads 82 95 - 13 -13.9% Financial Institutions 1,246 923 323 34.9% Subsidiaries 46 8 38 495.7% Total 3,241 2,406 835 34.7% -1.4 pts +1.1 pts +
Slide 14: Insured Vehicles
Insured Vehicles Business Line 2Q12 2Q11 Ch. % Automobiles 1,161,958 1,138,218 2.1% Trucks 479,876 421,022 14.0% Subtotal 1,641,834 1,559,240 5.3% Motorcycles & Tourists 135,159 68,900 96.2% Insured Vehicles 1,776,993 1,628,140 9.1% CAGR*: 6.2% *CAGR: Compound Annual Growth Rate 14
Slide 15: Sale of New Units
Sale of New Units ** Source: AMIA y ANPACT 15
Slide 16: Acquisition Ratio
Acquisition Ratio Per Quarter 23.4% 22.0% 21.5% 21.4% 200% 2008 2aQ09 2a10 2Q11 2012 Quarterly Performance Annual 23.4% 23.2% 21.7% 21.4% 22.2% 20.9% 21.3% 22.3% 14.4% 19.4% 2Q11 3Q11 4Q11 1Q12 2Q12 2008 2009 2010 2011 6M12
Slide 17: L&LAE Ratio
L&LAE Ratio Per Quarter 76.0% 73.1% 72.9% 70.9% 67.9% 2008 2aQ09 2aQ10 2Q11 2Q12 Quarterly Performance Annual 77.0% 70.9% 70.0% ra 69.4% we 67.9% 64.9% 2Q11 3Q11 4Q11 1Q12 2Q12 2008 2009 2010 2011 6M12
Slide 18: Operating Ratio
Operating Ratio Per Quarter 5.5% 3.4% 3.0% 2.4 1.3% 2Q08 2Q09 2Q10 2Q11 2Q12 Quarterly Performance Annual 3.6% 3.7% 2.7% 2.9% 2.6% 3.0% 2.8% . 1.3% 0.1% -1.1% * 2Q11 3Q11 4Q11 Neu 2Q12 2008 2009 2010 2011 6M12 18
Slide 19: Integral Financing Result
Integral Financing Result VAR Investment Portfolio 19
Slide 20: Cash and Investments / CPO and dividends
Cash and Investments / CPO and dividends Dividends x CPO 2002 2.43 2003 3.45 2004 4.90 $0.075 2005 5.70 $0.125 2006 7.50 2007 11.30 2008 13.05 2009 13.70 $0.300 2010 13.89 $0.400 2011 17.15 6M12 18.03 $0.500 Caja CashX CPO X CPO CAGR*: 22.2% *CAGR: Compound Annual Growth Rate 20
Slide 21: Solvency Margin
Solvency Margin 2,500 37.7% 40.0% ° 31.0% 4,¢31,8% 2c320% oes [ 35.0% 2,000 - 1,806 Ze: 4.679 1,730 4,737 1,789 1,805 a ; 30.0% 24.8% 1500 | ,. + 25.0% 19.6% tases a + 20.0% J d 1,000 bees 13.3% 777 + 15.0% q er 662 582 618 AAT + 10.0% 500 + 276 340 229 238 + 5.0% - 0.0% jun-10 sep-10 dec-10 mar-11
Slide 22: Financial Ratios
Financial Ratios RATIOS 12m ROE 12m 48.5% ROE 12m Proforma 45.0% EBTDA Margin 15.3% Net Margin 10.3% Return on Investments 12m 9.20% Premiums Written Growth 12m 17.1% Insured Vehicles Growth 9.1% CPO in Circulation 450 Net Result 12M 1,277 Earnings per chare (EPS) 12M 2.84 Leverage 4.44 Book Value 6
Slide 23: Notes on figures
Throughout the document, figures are expressed in million pesos, except when is otherwise specified. Figures may vary by the effects of rounding; variations expressed are regard to the same period in 2011. 23
Slide 24: Disclaimer
Disclaimer Information discussed on today’s webcast may include forward- looking statements regarding the company’s results and prospects, which are subject to risks and uncertainty. Actual results may differ materially from what is discussed here today, and the Company cautions you not to place und
Quálitas Controladora, S.A.B. de C.V. — Q2 2012 Earnings Presentation on 6ix