Nov 2018

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

2

Agenda

COLOMBIA

PERU

CHILE URUGUAY

0

250

500

2007 2009 2011 2013 2015 2017

Uruguay

Colombia

Peru

Chile

Chile83%

Uruguay8%

Perú7%

Colombia2%

21 Conceptsof retail chain of stores

Footwear68%

Apparel24%

Accesories8%

11,3%10,6%

13,1%

16,2%

ROA ROS ROE EBITDAMg

1As of September 2018, 2 Stock price and FX as of October 1st, 2018: 660,42 CLP/USD, 3Total revenues of Colombia weights 3.5% of consolidate revenues.

Forus at a glance

Revenues by Subsidiaries 9M’18 2014 RatiosRevenues per Categories2017

Brand Builder & Specialty Retailer

17,0%

# Stores per CountryRatios 2017

335

65

52

59

3

29 Brandsin our portfolio

511 Storesin 4 countries 1

US$ 380 millionin Revenues 2017 2

US$ 720 millionin Market Cap2

27 Brand Web Siteswith e -commerce

Solid Financial Position: Cash of US $146.8 million. And no debt: Leverage of 0.11. As of September 2018.

37 Int. Awardsfor Brand Building & Retail

Excellence (2011 – 2018)

CAGR sales +13%nominal 2005-2017

# Stores 9M’18

% of total Sales 9M’18

Sales 9M’18*

# Concept stores 9M’18

# of Brands 9M’18

Concept Stores

* Figures as of September 2018, in US$ converted using the October 1st, 2018 USD/CLP 660,42 exchange rate. MM = million.

Operational Snapshot

4

335

83,0%

US$ 233,7 MM

17

28

65

7,2%

US$ 20,3 MM

11

18

59

8,0%

US$ 22,5 MM

9

14

52

1.8%

US$ 5,0 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)

Head of IR----- -----

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 (1)

Corporate CFOFrancisco Del Río (0)

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

18,3%16,3%

20,7%

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

21,2%

18,3% 17,4%16,2% 16,5%

9,7%7,6%

11,2% 10,7%

7,9%

10,3%11,4%

9,4%10,5%

9,3% 9,3%

0%

5%

10%

15%

20%

25%

30%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 9M18

Ebitda Margin vs. Exchange rate

FORUS Retail Players Average

400

500

600

700

Ebitda Margin vs. Exchange rate

Eb

itd

a M

arg

in Ex

cha

ng

e R

ate

Ebitda Margin above the Industry in Chile

USD$

• Falabella, Cencosud , Ripley and Hites. 11

4.377 4.262 4.238 4.1884.620 4.622

3.125

5.5656.031

6.276 6.1676.521 6.515

4.804

2012 2013 2014 2015 2016 2017 9M18

Retail Players Avg.*

Forus Chile

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, Cencosud and Hites), considering only their Retail Business.Figures in USD/Sqm, calculated using the observed dollar exchange rate (in USD/CLP) for October 1st, 2018: 660.42. 12

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

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

Wolverine World Wide

Columbia Sportswear

AB Group

Brooks

Patagonia

VF Corporation

Burton

Skullcandy

Dakine

Vulcabras Azaleia

Church’s

Boardriders

22

Bra

nd

s

7 B

ran

ds

… sustained on Diversified, Strong Commercial Partnerships,

16

LICENSORS BRANDS FORUS OWN BRANDS

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 2018

with Remarkable & Profitable Digital Performance

4.1 million likes& followers

Actively interacting with our

social media (Chile)

27 e-commerce sitesgrowing strong and profitable

E-commercein 4 Countries in the region

20YoY Growth (%)

Revenues Conversion Rate

+174% +69%

3.1%% WEIGHT OF DTC SALES

3Q’18 CHILE

3Q 2018 Traffic

+56%

and a truly Omnichannel Operation

“Stores will operate as mini Warehouses”

Omnichannel strategy

117Stores withStock App

+439%Sales YoY.

+98%Fullfilment

of Orders

CURRENT STAGEFUTURE STAGE

(+) Stores (+) Warehouses

CHIL

E C

YBER

DAY

MAY

’ 18

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$ 3Q '18 3Q '17 V ar % 9M'18 9M'17 V ar %

Revenues 56.779 57.403 -1,1% 185.797 189.330 -1,9%

Gross Profit 30.059 29.694 1,2% 102.872 102.538 0,3%

Gross Margin 52,9% 51,7% 1,2 55,4% 54,2% 1,2

SG&A Expenses (25.122) (24.929) 0,8% (76.431) (75.367) 1,4%

SG&A / Revenues (44,2%) (43,4%) (0,8) (41,1%) (39,8%) (1,3)

Operating Income 4.936 4.765 3,6% 26.440 27.171 -2,7%

Operating Margin 8,7% 8,3% 0,4 14,2% 14,4% (0,1)

Other incomes / (Expenses) 19 255 -92,8% 67 825 -91,9%

Net Financial Income / (Cost) 469 (49) -1058,6% 979 471 107,8%

Profit / (Loss) in Associates Companies (74) (38) 93,5% (318) (129) 147,5%

Exchange Rate Differentials (79) (546) -85,6% 827 (497) -266,4%

Results of Indexation units 15 8 83,9% 12 (11) -209,6%

Others 57 79 -27,9% 66 (120) -155,1%

Non-Operating Income 407 (291) -239,6% 1.633 540 202,4%

Profit before income Tax 5.343 4.474 19,4% 28.074 27.711 1,3%

Income Tax (1.406) (1.206) (7.682) (7.450)

Minority Interest (13) (106) (123) (302)

Net Profit 3.937 3.268 20,5% 20.391 20.261 0,6%

ROS (%) 6,9% 5,7% 1,2 11,0% 10,7% 0,3

EBITDA 6.330 6.387 -0,9% 30.602 31.667 -3,4%

EBITDA Margin 11,1% 11,1% 0,0 16,5% 16,7% (0,3)

Consolidated Income Statement

24

(*)

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

MM Ch$ Se p 18 D e c 17 MM Ch$ Se p 18 D e c 17

Cash and cash equivalents 10.351 4.365 Other financial liabilities, current 1.193 2.510

Other financial assets, current 86.576 75.422 Current trade and other current accounts payable 10.723 13.758

Other non-financial assets, current 3.797 4.670 Current accounts payable to related companies 1.006 1.041

Trade and other account receivables 27.002 22.918 Other current Provisions 2.064 6.269

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

Inventories 71.108 81.108 Current Provisions for employees benefits 5.369 5.271

Tax Assets, current 2.653 4.206 Other non-financial liabilities, current 1.479 1.992

Total Current Assets 201.488 192.690 Total Current Liabilities 21.835 30.841

Other financial assets, Non-current 26 24 Other non-current financial liabilities 1.647 1.711

Other non-financial assets, Non-current 2.557 2.511 Other non-current accounts payable - -

Fees receivables, Non-current 191 184 Deferred taxes liabilities - -

Investments in Associated 1.959 2.120 Other non-financial non-current liabilities 6 8

Net intangibles assets 1.901 2.121 Total Non-Current Liabilities 1.653 1.719

Goodwill 6.026 6.026

Property, plant and equipments 29.493 29.516 TOTAL LIABILITIE S 23.488 32.560

Deferred tax Assets 1.728 1.584

Total Non-Current Assets 43.882 44.087 Total Net Equity 221.882 204.217

TOTAL ASSE TS 245.370 236.777 TOTAL NE T E Q UITY AND LIABILITIE S 245.370 236.777

Consolidated Balance Sheets

25

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%

7 11 14 18 15

2943 47

57 56 5040 40

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

13 1726

2926

38

5764

73 7565 64 61

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

Forus Consolidated Financial Figures

Figures in US$ million, using Fx Rate as of October 1st.: 660,42 CLP/USD

2005-2017 CAGR + 14.1% nominal 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%

86 96137 160 158

183 216259 293

355 353 366 380

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

Costanera63,0%Companies related to

Costanera5,1%

Investment Funds15,3%

Institutional Investors12,6%

Brokers3,3%

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%

November 2018December 2008

Ownership Structure

27

8

4 3 2

Chile Perú Colombia Uruguay

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

Capex 2019 US$ 7.5 MM17 Stores

Capex Evolution

2019 Stores Opening Plan and Capex Evolution

28

Distribution Center in Chile

Billabong & 7veinte

Acquisition

2019 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