Forus S A : Presentación 1T 2022

First Quarter

2022

Certain information set forth in this presentation contains "forward-looking information". Except for statements of historical fact, information contained herein constitutes forward-looking statements and may include, but is not limited to, the projected financial performance and financial position of the Company; the expected development of the Company's business, projects and joint ventures; the execution of the Company's vision and growth strategy; the renewal of the Company's current customer, supplier and other material agreements; the completion of the Company's projects that are currently underway, in development or otherwise under consideration; and the Company's future liquidity, working capital, and capital requirements. These statements are not guaranteeing of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

FORWARD-LOOKING STATEMENT DISCLAIMER

1Q22: Highest 1Q revenue in history, driven by Chile & subsidiaries

Forus Revenue, by Country & by Segment:

Revenue by Country (Million CLP)

					Local
	1Q22	1Q21	Var %		Currency
Chile	55.920	42.741	30,8%	30,8%
Colombia	4.720	1.181	299,7%	266,5%
Peru	5.213	2.936	77,6%	65,6%
Uruguay	4.018	2.535	58,5%	41,9%
Total Subsidiaries	13.951	6.652	109,7%
Total Forus	69.872	49.393

Forus - Revenue Mix, by Segment

	1Q22	% Rev.	1Q21	% Rev.	YoY
Stores	38.010	54%	21.922	44%	73,4%
Digital	10.858	16%	13.106	27%	-17,2%
DTC	48.868	70%	35.027	71%	39,5%
Wholesale	21.004	30%	14.367	29%	46,2%
Total	69.872	100%	49.393	100%	41,5%

	Forus 1Q
	(CLP billions)
$80,0		30,0%
$60,0		20,0%
$40,0
$20,0		10,0%
$0,0		0,0%
Revenues	EBITDA	EBITDA Margin (right)

3

Price management, scale & productivity drove EBITDA growth

Forus 1Q Results:

	1Q22	% Revenues	1Q21	% Revenues	YoY
	Th Ch$		Th Ch$
Revenues	69.871.530		49.393.314		41,5%
Cost of Sales	(32.314.467)	-46,2%	(23.110.262)	-46,8%	39,8%
Gross Profit	37.557.063	53,8%	26.283.052	53,2%	42,9%
Distribution Expenses	(733.373)	-1,0%	(796.463)	-1,6%	-7,9%
Administrative Expenses	(29.136.576)	-41,7%	(21.974.852)	-44,5%	32,6%
Selling, General and Administrative Expenses	(29.869.949)	-42,7%	(22.771.315)	-46,1%	31,2%
Operating Income	7.687.114	11,0%	3.511.737	7,1%	118,9%
Other income	311.872		104.240		199,2%
Other expenses	(167.404)		(71.026)		NM
Financial Income	(1.698.652)		528.517		-421,4%
Financial Expenses	(356.080)		(334.211)		6,5%
Participation in gains (losses) of joint venture businesses	-		11.083		-100,0%
accounted by using the proportional value of participation
FX Differences	(1.109.221)		618.203		-279,4%
Result of Indexation units	187.490		(57.903)		-423,8%
Other gains and losses	(110.648)		263.092		-142,1%
Non-Operating Income	(2.942.643)	-4,2%	1.061.995	2,2%	-377,1%
Profit before income tax	4.744.471	6,8%	4.573.732	9,3%	3,7%
Income Taxes	(1.281.768)		(1.246.275)		2,8%
Profit (Loss)	3.462.703	5,0%	3.327.457	6,7%	4,1%
Profit (loss) attributable to equity holders of parent	3.462.681		3.377.475		2,5%
Profit (loss) attributable to minority interest	22		(50.018)		-100,0%
Profit (loss)	3.462.703	5,0%	3.327.457	6,7%	4,1%
EBITDA	12.651.056	18,1%	7.635.622	15,5%	65,7%

4

Store optimization: higher sales and operating income per m2

Forus, all countries:

Número de Tiendas

600	529
500	419
400

300

200

100

0

20191Q22

Ventas/m2/1Q (CLP milliones)

1,0

0,8

0,8

0,6+79%

0,4

0,4

0,2

0,0

1Q211Q22

	Forus Chile:
		Número de Tiendas
	400
	346
	350
	300		284
143 closures	250
33 openings	200
	150
	100
	50
	0
	1Q19	1Q22

Operating Income/m2/1Q

(CLP milliones)

+209%

1Q191Q22

5