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Inversiones La Construcción (ILC) investor relations material
Inversiones La Construcción Corporate presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Portfolio scale and strategy
From 2015 to Jun-26, assets grew 2.6x to CLP 19,763bn, AUM 2.8x to USD 105.8bn, equity 3.0x to CLP 1,505bn and profit 4.2x to CLP 330bn.
Strategy is built around growth, profitability, solvency and flexibility, with a stated purpose of creating social and economic value that improves quality of life.
Jun-26 LTM recurring net income contributions: pensions 29.5%, financial 16.0%, health 19.5% and other 9.4%, alongside contributions from individual businesses.
Jun-26 standalone net financial debt was CLP 434.8bn, NFD/equity 0.31x and liquidity CLP 119.1bn; local ratings AA+ and international ratings BBB+.
Stock return was 139.1% in 2025 and 40.3% in 2026 YTD through Sep-17, versus IPSA returns of 55.4% and 8.6%; 2026 YTD dividend yield was 4.7%.
Financial sector
Banco Internacional loans reached USD 5.0bn in Jun-26, 5.4x the 2015 level; loan CAGR was 18% versus 2.0x industry growth.
Stable funding sources financed 90% of prior-year loan growth; priorities include growing retail funding, expanding large corporate relationships and digital onboarding.
Confuturo AUM doubled from Dec-15 to Jun-26; its Jun-26 portfolio included 27% alternative investments, comprising funds and real estate.
At Jun-26, the annuity rate was 3.31% versus a 2.84% programmed withdrawal rate; preference was 31.4% for annuities and 68.6% for programmed withdrawals.
Pension operations span Chile, Colombia and Peru, with 4.4m affiliates and five new companies since 2019; strategic priorities include voluntary savings, efficiency and pension-reform implementation.
Healthcare sector
The healthcare platform includes RedSalud, with 10 hospitals, 25 medical centers and 45 dental centers; its network reported 848 beds and 1,136 outpatient consulting rooms.
RedSalud EBITDA was CLP 56.0bn in 6M26, versus CLP 50.5bn in 6M25; 50% of revenue was from Fonasa and more than 60% of patients were covered by Fonasa.
RedSalud’s 2025-30 strategy targets completion of its national network, patient loyalty, preventive medicine, service diversification and financial sustainability.
Vida Cámara individual beneficiaries reached 65k in Jun-26, up 2.9x from Dec-21; individual insurance growth includes coverage for patients insured under RedSalud agreements.
- Diversification sets the stage for growth and ambitious bank and annuity profit targets.ILC
Investor Day 2023 - Q1 profit rose 44.3%, driven by financial subsidiaries despite healthcare margin pressure.ILC
Q1 2023 - FY23 profit rose 24.6%, led by stronger non-operating income and Consalud’s turnaround.ILC
Q4 2023 - Q1 profit rose 69.9%, as financial-subsidiary gains offset Consalud’s GES-related loss.ILC
Q1 2024 - Q2 adjusted profit was offset by weaker markets and Consalud’s Short Law liability.ILC
Q2 2024 - Q3 profit rose 61.6%; 9M24 profit grew 14.4% excluding Consalud’s liability.ILC
Q3 2024 - FY24 profit was Ch$180.614bn before the Short Law liability, down 1.1% YoY.ILC
Q4 2024 - Market volatility cut earnings, partly offset by stronger healthcare and banking results.ILC
Q1 2025 - 9M25 profit rose 68.1% to Ch$186,449 million despite Consalud’s liability adjustment.ILC
Q3 2025
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