2018

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

2

Agenda

21 Conceptsof retail chain of stores

0

250

500

2007 2009 2011 2013 2015 2017

Uruguay

Colombia

Peru

Chile

Chile83,5%

Uruguay7,9%

Perú6,9%

Colombia1,7%

Footwear68%

Apparel24%

Accesories8%

11,3%10,6%

13,1%

16,2%

ROA ROS ROE EBITDAMg

1Company report as of December 2017, 2As of June 2018, 3Stock price and FX as of September 28th, 2018, 4Total revenues of Colombia weights 3.3% of consolidate revenues.

Forus at a glance

Revenues by Subsidiaries 1S’18 2014 RatiosRevenues per Categories2017

Brand Builder & Specialty Retailer

16,5%

# Stores per CountryRatios 2017

336

64

52

584

29 Brandsin our portfolio

510 Storesin 4 countries 2

US$ 408 Millionin Revenues 2017

US$ 713 millonin Market Cap3

23 Brand Web SitesWith e -commerce

# Stores 1S’18

% of total Sales 1S’18

Sales 1S’18*

# Concept stores 1S’18

# of Brands 1S’18

Concept Stores

* Figures as of June 2018, in US$ converted using the July 3rd, 2018 USD/CLP 651.21 exchange rate. MM = million.

Operational Snapshot

4

336

83.5%

US$ 165.7 MM

17

28

64

6.9%

US$ 13.6 MM

11

18

58

7.9%

US$ 15.7 MM

9

14

52

1.7%

US$ 3.3 MM

4

3

New Stores

New Stores

20172012

e-commerce in

Acquisitions:

New brand

New stores

New stores

2011

New stores

1982

Alfonso Swett S. start with Hush Puppies in Chile with 70% of participation. 30% was in WWW hands

1995 1996 2001

Enter in Uruguay

Alfonso Swett S. buys the remaining 30% from WWW.

New Stores

1991

Calpany acquisition

Born of name Forus S.A.

New stores

2009

Footwear’s factory in Chile Construction

1988 2003

2010

New Distribution Center in Chile

2013

New Brand&

Chain

JV with WWW in Colombia for the brands

apparel

1993

2014

Hush Puppies Peru operation acquisition

Enter in Colombia

Acquisition in Uruguay of

Forus is opened in the stock market

Enter in Peru

Azaleia and Norseg acquisition.

New stores

2006 2008

38 years of experience leading consumer & markets in LATAM

New brand in Uruguay

2016

1980 2007

Inorganic 1

1 Red i: Involves payment $. Blue i: Involves WC.

New stores

e-commerce in

Ne

w

Bra

nd

s

1990

New Stores

1992 2005

Ne

w

Bra

nd

s

2015

5

2018

New Brands

e-commerce in

Brand Building Leadership

6

37 International

Awardswon by Forus’ Brand

Building & Retail Excellence (2011 – 2018)

Brand Building Excellence in LATAM

Best Sales Growth in the region Accessories category in Peru

Distributor of the Year 2017Apparel category in Chile

Biggest Market Penetration in the world

Best International Licensee 2017In Chile

5 INTERNATIONAL AWARDS WON BY 2017 PERFORMANCE

Factory ManagerCarlos Espinoza (12)

Planning ManagerCarlos Díaz (12)

L&D ManagerPatricio Ramírez (12)

Uruguay CEOJuan Strauch (14)

Colombia CEOPablo Muxi (0)*

Peru CEOGonzalo Sotomayor (2)**

CEOSebastián Swett (29)

IR Department

Head of IRSebastián Macchiavello (2)

BoardAlfonso Swett S. (37)

President

Alfonso Swett O. (24)

Heriberto Urzúa Sanchez (23)

John Stevenson (23)

Ricardo Swett Saavedra (18)

Francisco Gutierrez Philippi (8)

Matko Koljatic Maroevic (5)

Experienced and Solid Management Team

() Number of years working in the Company. In the case of the Board, is the number of years as members. Independent directors in orange.* 3 Years in Forus Uruguay, 1 Year in Forus Colombia, 0 as Colombia’s CEO. ** 6 Years in Forus Chile, 2 as Peru’s CEO.

7

Investor RelationsRicardo San Carlos (0)

Corporate CFO

Dir

ect

ors

COOMarisol Céspedes (21)

Dir

ect

ors

’ C

om

mit

teeHeriberto Urzúa Sanchez

Ricardo Swett Saavedra

Matko Koljatic Maroevic

Commercial Manager Lifestyle/Outdoor

Juan Pablo Dussaillant (18)

Commercial Manager Outdoor/Active

Francisco Arrighi (5)

Corporate Retail Real State Manager

Claudio Cabrera (15)

HR & Legal ManagerManuel Somarriva (10)

Retail ManagerMatias Topali (12)

System ManagerSaul Palma (2)

Casual51%

Outdoor36%

Active Outdoor8%

Fashion5%

2017 Sales per Brand Concept

8% as for Consolidated figures.

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

Agenda

9

Agenda

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Ebitda Margin – Among the Most Efficient Worldwide

10* As of December of 2017

400

500

600

700

18,3%16,3%

20,7%

26,5%24,9% 24,9%

21,2%

18,3% 17,4%16,2%

18,8%

9,7%7,6%

11,2% 10,7%

7,9%

10,3%11,4%

9,4%10,5%

9,3% 9,8%

0%

5%

10%

15%

20%

25%

30%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1S18

Ebitda Margin vs. Exchange rate

FORUS Retail Players Average

Ebitda Margin vs. Exchange rate

Eb

itd

a M

arg

in Exch

an

ge

Ra

te

Ebitda Margin above the Industry in Chile

USD$

• Falabella, Cencosud , Ripley and Hites. 11

3,0%

5,3%

1,8%

14,1%

15,8%

6,4%

1,3%

12,0%

5,5%

2 0 0 6 - 2 0 0 9 2 0 1 0 - 2 0 1 3 2 0 1 4 - 2 0 1 7

Chile's Average GDP Growth

Forus Chile' Average Sales Growth

Industry Average Retail Sales Growth

Great Sales Performance of Forus Chile throughout the Years

4,7x

3,0x

3,5x

GDP information from International Monetary Fund, World Economic Outlook Database.“Industry” and “Retail Players Avg.” as companies in Chile (Falabella, Ripley and Cencosud), considering only their Retail Business.Figures in USD/Sqm, calculated using the observed dollar exchange rate (in USD/CLP) for July 3, 2018: 651.21. 12

4.439 4.322 4.298 4.2474.686 4.688

2.192

5.6446.116

6.365 6.2546.614 6.607

3.406

2012 2013 2014 2015 2016 2017 1S18

Retail Players Avg.*

Forus Chile

1.3x 1.4x 1.5x 1.5x 1.4x 1.4x 1.6x

Sales per square meterAverage Total Growth

Agenda

13

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

We are Brand Builders

Multi Brand Store Concepts

New Brands incorporated

1988

1995

2006

1993

This new Brands have their own Retail Stores

With important Growth

CAGR of Brands’ Revenues for the last 6 years (2010-2017)**

11%

CAGR of Retail’s Revenues for the last

6 years (2010-2017)

36%

2001

* Numbers represent the years between the arrival of the brand to the market until its first store opening.

**Patagonia not included.

2013

+4+4

*1980

1991

1992

+13+22

+9+10

14

We have an Iconic & Consumer Focused Portfolio of Brands

15

8 D

ev

elo

p B

ran

ds

15 N

ich

e B

ran

ds

Big

6

Inte

rna

tio

na

l Lic

en

sors

Wolverine World Wide (USA)

Columbia Sportswear (USA)

Nine West Holdings (USA)

Brooks (USA)

Patagonia (USA)

VF Corporation (USA)

Burton (USA)

Skullcandy (USA)

Dakine (USA)

Vulcabras Azaleia (Brazil)

Church’s (England)

Burleigh Point Ltd (Australia)

22

Bra

nd

s

Fo

rus

Ow

n B

ran

ds

7 B

ran

ds

… sustained on Diversified, Strong Commercial Partnerships,

16

a strong, consumer-centric Omnichannel Portfolio2

1 Sto

res

Co

nce

pts

Mono-Brand

Multi-Brand 48%**

52% **

* Stores with e-commerce web sites. **As number of Chain of Stores 2017

*

17

and a robust Digital Strategy proposition

Social Media E-commerce Technology Business Intelligence

18

19

… which is growing fast

Start of Online Strategy

19

2013 201720102008

Web Sites Social Media E-commerce Omni-Channel

2013 2017

with Remarkable & Profitable Digital Performance

2,9 millionfollowers

Actively interacting with our

brands through social media (Chile)

23 e-commerce sitesgrowing strong and profitable

E-commercein 3 Countries in the region

20YoY Growth (%)

Revenues Conversion Rate

+218% +111%

5,6%% WEIGHT OF DTC SALES

2Q’18 CHILE

2Q 2018 Traffic

+60%

and a truly Omnichannel Operation

“Stores will operate as mini Warehouses”

Omnichannel strategy

74Stores withStock App

+439%Sales YoY.

+98%Fullfilment

of Orders

CURRENT STAGECHILE CYBERDAY MAY’18

FUTURE STAGE

(+) Stores (+) Warehouses

but with a Sustainable Corporate Growth Approach

22

Educational Institutions

Children in vulnerable situations

Support of Sports Outdoor &

Environmentalactivities

Employees Professional Development

Agenda

23

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

MM Ch$ 2Q '18 2Q '17 V ar % 2018 2017 V ar %

Revenues 68.191 70.570 -3,4% 129.017 131.926 -2,2%

Gross Profit 40.080 40.027 0,1% 72.813 72.844 0,0%

Gross Margin 58,8% 56,7% 2,1 56,4% 55,2% 1,2

SG&A Expenses (26.370) (26.108) 1,0% (51.309) (50.438) 1,7%

SG&A / Revenues (38,7%) (37,0%) (1,7) (39,8%) (38,2%) (1,5)

Operating Income 13.710 13.919 -1,5% 21.504 22.406 -4,0%

Operating Margin 20,1% 19,7% 0,4 16,7% 17,0% (0,3)

Other incomes / (Expenses) 62 469 -86,7% 49 569 -91,4%

Net Financial Income / (Cost) (235) 298 -179,0% 510 520 -1,9%

Profit / (Loss) in Associates Companies (91) (92) -1,6% (244) (90) 170,4%

Exchange Rate Differentials 1.215 207 487,1% 905 50 1724,8%

Results of Indexation units 7 (12) -157,6% (3) (19) -85,1%

Others (32) (147) -78,2% 9 (199) -104,5%

Non-Operating Income 926 722 28,3% 1.227 831 47,6%

Profit before income Tax 14.636 14.641 0,0% 22.731 23.238 -2,2%

Income Tax (3.947) (3.886) (6.276) (6.244)

Minority Interest (12) (87) (111) (196)

Net Profit 10.690 10.755 -0,6% 16.454 16.994 -3,2%

ROS (%) 15,7% 15,2% 0,4 12,8% 12,9% (0,1)

EBITDA 15.086 15.404 -2,1% 24.271 25.281 -4,0%

EBITDA Margin 22,1% 21,8% 0,3 18,8% 19,2% (0,4)

Consolidated Income Statement

24

(*)

(*) For Margins, the variations are in percentage points.

MM Ch$ Jun 18 D ec 17 MM Ch$ Jun 18 D ec 17

Cash and cash equivalents 3.975 4.365 Other financial liabilities, current 1.149 2.510

Other financial assets, current 82.390 75.422 Current trade and other current accounts payable 11.661 13.758

Other non-financial assets, current 4.316 4.670 Current accounts payable to related companies 1.123 1.041

Trade and other account receivables 28.465 22.918 Other current Provisions 2.760 6.269

Accounts receivables from related companies 0 1 Current tax liabilities - -

Inventories 77.847 81.108 Current Provisions for employees benefits 5.113 5.271

Tax Assets, current 2.455 4.206 Other non-financial liabilities, current 1.647 1.992

Total Current Assets 199.448 192.690 Total Current Liabilities 23.454 30.841

Other financial assets, Non-current 26 24 Other non-current financial liabilities 1.669 1.711

Other non-financial assets, Non-current 2.585 2.511 Other non-current accounts payable - -

Fees receivables, Non-current 181 184 Deferred taxes liabilities - -

Investments in Associated 2.032 2.120 Other non-financial non-current liabilities 6 8

Net intangibles assets 2.052 2.121 Total Non-Current Liabilities 1.675 1.719

Goodwill 6.026 6.026

Property, plant and equipments 29.373 29.516 TOTAL LIABILITIE S 25.129 32.560

Deferred tax Assets 1.688 1.584

Total Non-Current Assets 43.964 44.087 Total Net Equity 218.283 204.217

TOTAL ASSE TS 243.412 236.777 TOTAL NE T E Q UITY AND LIABILITIE S 243.412 236.777

Consolidated Balance Sheets

25

4.3177.020

9.24911.695

9.827

19.393

28.42431.366

37.888 36.771

33.001

26.396 26.697

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

8.30511.152

17.17119.299

17.014

25.010

37.66342.495

48.210 49.667

42.777 42.146 40.569

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Forus Consolidated Financial Figures

Figures in million Chilean pesos.

2005-2017 CAGR + 14.1% nominal

56.504 63.480

90.568105.716 104.354

120.837142.351

170.768193.631

234.206233.396 241.709 250.962

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2005-2017 CAGR + 13.2% nominal

2005-2017 CAGR + 16.4% nominal

Revenues EBITDA

Net Income

EBITDA Margin (%)

Net Margin (%)

26

14,7%17,6%

19,0% 18,3%16,3%

20,7%

26,5% 24,9% 24,9%

21,2%18,3% 17,4% 16,2%

7,6%11,1% 10,2% 11,1% 9,4%

16,0%20,0%18,4% 19,6%

15,7% 14,1%10,9% 10,6%

Costanera63,0%Companies related to

Costanera5,1%

Investment Funds14,8%

Institutional Investors13,6%

Brokers2,8%

Others 0,7%

Free Float: 31,9%Free Float: 28,9%

Free Float28,9%

Controlling Group71,1%

Costanera64,6%

Companies related to Costanera

6,6%

Investment Funds16,1%

Institutional Investors4,6%

Brokers7,5%

Others 0,6%

Free Float31,9%

Controlling Group68,1%

September 2018December 2008

Ownership Structure

27

5 416 16

818

6 6 1015

2515

3236

48

93

74

26 28 28

0

20

40

60

80

100

120

2009 2010 2011 2012 2013 2014 2015 2016 2017

Non Current (US$ MM)

Capex (US$ MM)

# Gross Stores Opened

13

2 05

Chile Perú Colombia Uruguay

Capex 2018 US$ 10 MM20 Stores

Capex Evolution

2018 Stores Opening Plan and Capex Evolution

28

Distribution Center in Chile

Billabong & 7veinte

Acquisition

2018 Plan of Stores Openings

29

This document is only informative, and part of the information collected in it contains projections about

intentions, expectations or future predictions.

All of them, except for those based on historical facts, are forward-looking, including, among others, those

regarding the financial position, business strategy, management plans and objectives for future operations

of the Company.

And as such, they are subject and / or affected to a variety of contingencies, (among others, competition in the

sector, preferences and trends in consumer spending, economic and legal conditions in the country,

restrictions on free trade and / or political instability in the markets in which the company operates), difficult

to predict, that could cause ultimately these projections will not really occur.

Therefore, the Company does not guarantee total effectiveness of such forward-looking, they may differ

from what is reported here, not being this responsibility of the company or its management.

Disclaimer