Empresas Copec (COPEC) Corporate presentation summary

Company overview and business model

• Major industrial group in Chile and Latin America, focused on natural resources and energy, with leading positions in forestry, energy, and mining sectors.

• Third largest global producer of cellulose and principal distributor of liquid fuels and LPG in Chile and several Latin American countries.

• Diversified international presence with investments across the Americas and Europe, leveraging competitive advantages in each market.

• EBITDA adjusted for the last twelve months reached US$3.089 billion, with assets totaling US$34.58 billion as of March 2026.

• Strategic focus on core segments, active portfolio management, and sustainable value creation.

Investment highlights and strategy

• Represents 4.84% of the MSCI Chile Index, reflecting its relevance in the Chilean market.

• Ongoing international diversification, with 42% of non-current assets located abroad as of 2026.

• Emphasis on cost efficiency, especially in the forestry segment, with Arauco among the most efficient global producers.

• Strategic asset allocation and divestments have generated over US$2.5 billion in the last five years.

• Commitment to sustainability, innovation, and energy transition, including leadership in electromobility and renewable energy projects.

Financial performance and prudence

• Adjusted EBITDA for 1Q26 increased both quarter-over-quarter and year-over-year, driven by energy segment growth and stable cash flows.

• Net financial debt/EBITDA ratio targeted between 2.0 and 3.0, maintaining investment grade ratings since 1995.

• Consolidated net financial debt at US$9.575 billion as of 1Q26, with a balanced maturity profile and diversified funding sources.

• Local bond ratings of AA (Feller Rate) and AA- (Fitch Ratings), with stable outlooks.

• Financial policy emphasizes sustainable leverage, liquidity, and alignment with functional currencies.