Equity Assets 5% 6% Chile 21% 27% Per Colombia 68% 73% - PowerPoint PPT Presentation

Equity Assets 5% 6% Chile 21% 27% Perú Colombia 68% 73%           

Source: IMF 2015 Projections

EBITDA (LTM) CLP$ 91.543 M CLP$ 75.638 M CLP$ 33.770 M CLP$ -3.003 M CLP$ -14.862 M LTM September 2014 Non Bank Net Financial Debt CLP$ 200.750 M CLP$ 104.581 M CLP$ 59.921 M CLP$ 23.171 M CLP$ 13.077 M September 2014 Chile Peru Colombia Corp Offices Ripley Corp EBITDA discounts the bank segments intercompany & third party financial expense. Non Bank Net Financial Debt considers the Net Financial Debt of all non bank segments, excluding debt that was assigned to bank segments through intercompany loans. Corp Offices’ debt that was assigned to each country through intercompany loans.

EBITDA (9M) CLP$ 53.697 M CLP$ 52.943 M CLP$ 45.883 M CLP$ 40.917 M CLP$ 23.675 M CLP$ 21.719 M CLP$ -10.098 M CLP$ -11.317 M Chile Peru Colombia Ripley Corp 9M13 9M14 EBITDA discounts the bank segments intercompany & third party financial costs.

Ripley Corp Ripley Chile Assets Net Income LTM CLP$ 2.101.600 M CLP$ 55.469 M Colombia Bank 5% CLP$ 45.101 M • Retail Real Estate • Peru CLP$ 16.777 M CLP$ 12.110 M 27% • Chile • 68% • Offices CLP$ -18.191 M • Increasing efficiencies in retail • Continue growing in loan portfolio while maintaining risk • Building a bank focused on people

Ripley Competitor 1 Competitor 2 Source : Financial statements published at SVS – September 2014

Stock Omnichannel Client Experience Include Ripley Store's full stock Store Kiosks Further decrease complaint rate • Currently 22.000 SKUs • Fully developed published Online • Even though sales have risen 37% in 9M14, the number of complaints has remained Increase sales of third party stable. stock Increase Store Pickup locations • Currently 20% of sales • Currently available at 15 Stores Increase exclusive products Clean and recognizable esthetic • Currently 13% of sales are exclusive products • Implementing new esthetic Mobile App • Fully Operational Promote private brands • Under Development

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+13,9% +3,9% -1,6% Ripley Competitor 1 Competitor 2 Sept 14- Sept 13

 10,80% 10,30%  660.088 562.044 550.511  ene-13 feb-13 mar-13 abr-13 may-13 jun-13 jul-13 ago-13 sep-13 oct-13 nov-13 dic-13 ene-14 feb-14 mar-14 abr-14 may-14 jun-14 jul-14 ago-14 sep-14 oct-14 nov-14 Loan Portfolio (CLP$ M) NPL (30 days) Ripley Competitor A Competitor B  Provisions / Portfolio 11,3% 4,0% 8,3% Net Write-Offs / Portfolio 7,8% 3,7% 7,3%  NLP (90 Days) 4,6% 2,6% 4,4%  Net Coverage Ratio (Months) 17,4 13,0 13,6 

ROE ROA 6,55 24,75 15,99 1,66 Leverage Basel Index 20,35 14,25 10,98 2,78

EBITDA 9M14 vs 9M13 CLP$5.148M CLP$4.811M CLP$4.684M CLP$3.672M CLP$3.545M CLP$2.853M Inmob. Viña del Mar S.A. Nuevos Desarrollos S.A. Mall Concepción Not Consolidated 9M13 9M14

Ripley Corp Ripley Peru Assets Net Income LTM CLP$ 2.101.600 M CLP$ 8.427 M Colombia 5% Bank CLP$ 9.739 M • Peru Real Estate • CLP$ 4.205 M Offices 27% • CLP$ 207 M Chile • 68% • Retail CLP$ -5.723 M • Adopting best practices in retail efficiency from Ripley Chile • Continue growth in m2 • Bank implementing Ripley Chile’s business model

25,9% 25,1% 9M13 9M14 EBITDA Gross Margin/Sales  

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   9M13 Net Income 9M14 nov-13 dic-13 ene-14 Net Loan Portfolio (PEN$) feb-14 mar-14 abr-14 14,9% may-14 jun-14 jul-14 ago-14 sep-14 oct-14 nov-14

EBITDA 9M14 vs 9M13 Not Consolidated Aventura Plaza S.A. 9M13 9M14

Ripley Corp Assets CLP$ 2.101.600 M Colombia 5% • Open since april 2013 • 6 stores Peru • 34.543 m2 selling space 27% • CLP$ 18.635 M in loans Chile 68% • Introducing Ripley to the Colombian market. Low penetration in department stores • Adjusting fashion proposal • Attaining scale

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• Increases in the leverage of Ripley Bank will allow for a more efficient financial business. • Excess capital may be used for financing growth, dividends or reducing debt.

EBITDA (LTM) Net Income Assets Net Financial Equity ROA ROE (LTM) Debt Chile 81.743 55.797 1.435.478 454.684 669.654 3,9% 8,3% Retail 37.848 16.777 439.257 -25.369 275.415 3,8% 6,1% Bank 52.875 45.101 777.959 441.608 207.201 5,8% 21,8% Real Estate 4.763 12.110 203.719 43.475 155.680 5,9% 7,8% Offices -13.744 -18.191 14.543 -5.029 31.358 Peru 33.770 8.428 569.560 193.234 194.378 1,5% 4,3% Retail 14.277 -5.723 219.394 69.686 51.029 -2,6% -11,2% Bank 19.519 9.739 298.069 133.313 79.766 3,3% 12,2% Real Estate 0 4.205 53.122 0 53.122 7,9% 7,9% Offices -27 207 -1.025 -9.764 10.461 Colombia -14.862 -14.738 97.044 30.340 52.486 -15,2% -28,1% Retail -13.134 -12.588 76.147 23.186 41.892 -16,5% -30,0% Bank -1.693 -1.680 22.520 7.169 10.671 -7,5% -15,7% Offices -35 -470 -1.623 -15 -76 Corp Offices -3.003 -11.316 -482 104.581 -102.327 Consolidated 97.649 38.172 2.101.600 782.840 814.191 1,8% 4,7% Amounts in CLP$ million Source: Company’s 3Q14 results

*Source: Subsidiaries Financial Statements Audited by E&Y

This presentation contains forward-looking statements, including statements regarding the intent, belief or current expectations of the Company and its management. Investors are cautioned that any such forward-looking statements are not guarantee of future performance and involve a number of risks and uncertainties including, but not limited to, the risks detailed in the company’s financial statements, and the fact that actual results could differ materially from those indicated by such forward-looking statements.