INVESTOR PRESENTATION SEPTEMBER 2015 DISCLAIMER THIS DOCUMENT HAS - PowerPoint PPT Presentation

INVESTOR PRESENTATION SEPTEMBER 2015

DISCLAIMER THIS DOCUMENT HAS BEEN PREPARED BY PARQUE ARAUCO FOR THE PURPOSE OF PROVIDING GENERAL INFORMATION ABOUT THE COMPANY. The Company assumes no responsibility for, or makes any representation or warranty, express or implied, with respect to, the accuracy, adequacy or completeness of the information contained herein. The Company expressly disclaims any liability based on such information, errors therein or omissions therefrom. This presentation includes certain statements, estimates and forecasts provided by the Company with respect to it’s anticipated future performance and involves signifjcant elements or subjective judgment and analysis that may or may not prove to be accurate or correct. There can be no assurance that these statements, estimates and forecasts will be attained and actual outcomes and results may difger materially from what is estimated or forecast herein. The information contained herein has been prepared to assist interested parties in making their own evaluation of the company and does not purport to be all - inclusive or to contain all the information that a potential counterparty may desire. In all cases, interested parties should conduct their own independent investigation and analysis of the Company. Interested parties can only rely on the result of their own investigation and the representations and warranties made in any defjnitive agreement that may be executed.

INTRODUCTION TO PARQUE ARAUCO OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPMENTS

INTRODUCTION PARQUE ARAUCO AT A GLANCE KEY FIGURES OPERATIONAL METRICS BY COUNTRY Parque Arauco is one of the main shopping center developers TOTAL GLA 1 TOTAL REVENUES 2 and operators in Chile, Peru, and Colombia. 28.8% Indicator / Country CHILE PERU COLOMBIA 7.6% 8.8% 41.2% PERU COLOMBIA COLOMBIA Total GLA (m 2 ) 1 408,000 336,500 71,500 PERU Owned GLA 373,325 224,515 31,174 Occupancy 95.3% 94.1% 89.7% 50.0% 63.6% CHILE CHILE Revenues LTM (US$MM) 2 139 63 17 # of Operations 20 15 2 816,000 219 TOTAL M 2 TOTAL US$MM (1) Marina Arauco not included (1) Marina Arauco not included (2) Revenues from July 2014 - June 2015. Exchange Rate: US$ 1 =CLP 621.4; (2) Revenues from Juky 2014 - June 2015. Exchange Rate: US$ 1 =CLP 621.4; SHAREHOLDER STRUCTURE (JUNE 2015) OPERATIONAL METRICS BY FORMAT 1.8% TOTAL GLA 1 TOTAL REVENUES 2 Mutual Funds 6.0% Others 83.6% 90.4% 29.2% REGIONAL REGIONAL Investment Funds 26.0% MARKET CAP US$MM 1,599 Controlling Group 18.4% 3.6% 8.7% 7.7% 6.0% NEIGHBORHOOD Brokers NEIGHBORHOOD OTHERS OTHERS 6.1% 9.9% 816,000 219 Said Yarur Pension Family TOTAL M 2 TOTAL US$MM Funds 2.6% Abumohor Family (1) Marina Arauco not included (2) Revenues from July 2014 - June 2015. Exchange Rate: US$ 1 =CLP 621.4; Others includes strip centers and outlet malls.

INTRODUCTION SUCCESSFUL GROWTH STORY GLA M 2 1982 Parque Arauco Kennedy opens as first shopping center in Chile 1995 Parque Arauco S.A. IPO 2006 Parque Arauco expands into Peru with the purchase of a 45% stake in MegaPlaza 2.0x Norte in Lima 2009 Opening of Parque Arauco´s first neighborhood center, MegaPlaza Express Villa Chorrillos in Peru 728,500 691,100 2010 Parque Arauco opens first mall in Colombia, Parque Arboleda in Pereira 559,700 CAGR 2011 Capital increase for US$145 mm 478,200 15.1% 440,500 2012 Acquisition of Arauco Premium Outlet 358,700 Buenaventura, Parque Arauco´s first outlet mall in Chile 2012 Formation of Arauco Express, subsidiary charged with developing strip centers in Chile and SCP, subsidiary charged with developing strip centers and outlet malls in Peru 2009 2014 2010 2011 2012 2013 2013 Acquisition of InOutlet Faucett, Parque Arauco´s first outlet mall in Peru 2014 Capital increase for US$182 mm REVENUES US$MM EBITDA US$MM 2.0x 1.9x 203 138 173 120 150 129 105 90 110 77 100 72 2013 2009 2010 2011 2012 2014 2010 2013 2009 2011 2012 2014 Source: Parque Arauco. Exchange Rate: US$ 1 = CLP 621.4. 2004-2008 in Chilean GAAP, 2009-2013 in IFRS. Marina Arauco not included. - 5 -

INTRODUCTION REVENUE TYPE AND CONTRACT DURATION FIXED VS VARIABLE RENTAL REVENUES 1 CONTRACT LENGTH (BASED ON % OF GLA) 1 MOST OF OUR REVENUES ARE PROTECTED AGAINST INFLATION 15% Variable Revenues 100% 60% 5% 5% 85% 30% Fixed Revenues ‹2 years 2-3 years 3-4 years ›4 years Total OUR RENTAL REVENUES ARE DERIVED AND 60% OF OUR CONTRACTS HAVE A PRIMARILY FROM FIXED CONTRACTS DURATION OF MORE THAN 4 YEARS 1. As of June 2015. - 6 -

INTRODUCTION TO PARQUE ARAUCO OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPMENTS

OUR OPERATIONS PARQUE ARAUCO HAS A HIGH QUALITY PORTFOLIO LARCOMAR - PERU PARQUE ARAUCO KENNEDY - CHILE ARAUCO MAIPÚ - CHILE ONLY MALL IN LIMA WITH OCEANVIEWS, CLOSE TO LOCATED IN THE HEART OF ONE OF THE MAIN LOCATED IN THE HIGHEST GROWING MIDDLE ONE OF THE MAIN HOTEL AND OFFICE DISTRICTS HOTEL AND OFFICE DISTRICTS IN SANTIAGO CLASS NEIGHBORHOOD IN SANTIAGO MEGAPLAZA NORTE - PERU ARAUCO ESTACIÓN - CHILE PARQUE ARBOLEDA - COLOMBIA LOCATED INSIDE SANTIAGO´S MAIN TRAIN AND LOCATED IN NORTHERN LIMA THIS IS THE MOST PREFERRED SHOPPING CENTER IN THE CITY BUS STATION VISITED MALL IN PERU OF PERIERA - 8 -

OUR OPERATIONS PARQUE ARAUCO HAS 6 REGIONAL SHOPPING CENTERS, 3 OUTLET MALLS AND 11 STRIP CENTERS IN CHILE AND THE AVERAGE AGE OF THE PORTFOLIO IS 16 YEARS Owned Year of Buenaventura Occupancy GLA (m 2 ) % Ownership Outlet GLA (m 2 ) Incorporation Quilicura Parque Arauco Kennedy 115,000 100% 115,000 97.6% 1982 Kennedy Arauco Maipú 75,000 100% 75,000 96.9% 1993 Estación Maipú Central Curauma Arauco Chillán 31,500 100% 31,500 92.6% 2007 Santiago San Antonio Arauco Estación 68,500 83% 56,855 97.8% 2008 Chillán Arauco San Antonio 28,500 51% 14,535 93.7% 2009 Concepción Arauco Express (Stripcenters Chile) 1 18,500 51% 9,435 89.1% 2012 Arauco Premium Outlets 1 39,000 100% 39,000 84.1% 2012 Arauco Quilicura 32,000 100% 32,000 99.4% 2013 TOTAL CHILE 408,000 92% 373,325 95.3% 1. Arauco Express includes nine strip centers in Santiago, one in Viña del Mar and one in Calama. Arauco Premium Outlets includes three premium outlets located in Santiago, Concepción and Curauma. - 9 -

OUR OPERATIONS IN PERU, THE COMPANY HAS 6 REGIONAL AND 6 NEIGHBORHOOD SHOPPING CENTERS, 1 OUTLET MALL AND 2 STRIP CENTER; THE AVERAGE AGE OF THE PORTFOLIO IS 5 YEARS S Owned Year of Occupancy GLA (m 2 ) %Ownership 1 GLA (m 2 ) Incorporation 2006 MegaPlaza Norte 50% 93.7% 110,500 55,250 2009 MegaPlaza Express Villa 50% 98.3% 7,000 3,500 2010 Larcomar 100% 93.7% 26,000 26,000 Cajamarca 2010 Parque Lambramani 100% 92.5% 28,500 30,000 2012 MegaPlaza Chimbote 34% 98.9% 28,000 9,380 Chimbote 2012 MegaPlaza Express Villa El Salvador 50% 98.4% 9,000 4,500 Barranca 2013 MegaPlaza Express Chincha 50% 98.0% 7,000 3,500 2013 SCP Properties 2 51% 82.7% 13,500 6,885 Cañete Chincha Pisco 2013 MegaPlaza Cañete 50% 98.9% 16,500 8,250 MegaPlaza Norte Ica Arequipa 2013 MegaPlaza Express Barranca 50% 98.0% 9,500 4,750 InOutlet Faucett 2015 MegaPlaza Pisco 50% 95.8% 14,000 7,000 Larcomar Villa Chorrillo and Viamix Chorrillos 2015 El Quinde Cajamarca 100% 92.9% 30,500 30,500 Villa El Salvador 2015 El Quinde Ica 100% 90.8% 36,500 36,500 TOTAL PERU 67% 94.1% 336,500 224,515 1. Main Parnters in Peru include Grupo Wiese, in all MegaPlaza formats (50%), Los Portales in Víamix and InOutlet Formats (49%) and Inversiones Centenario in Parque El Golf Project. (50%). 2. - 10 - SCP Properties includes one premium outlet mall in Lima and two strip centers in Lima.

OUR OPERATIONS PARQUE ARAUCO HAS TWO REGIONAL SHOPPING MALLS IN COLOMBIA AND THE AVERAGE AGE OF THE PORTFOLIO IS 3 YEARS Owned Year of Occupancy GLA (m 2 ) % Ownership 1 GLA (m 2 ) Incorporation Parque Arboleda 30.3% 9,999 33,000 2010 93.0% Parque Caracolí 55% 21,175 38,500 2013 86.9% Bucaramanga 44% 31,174 TOTAL COLOMBIA 71,500 89.7% Pereira 1. Main Partner in Colombia is Grupo Bancolombia (45%) - 11 -

INTRODUCTION TO PARQUE ARAUCO OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPMENTS

INVESTMENT HIGHLIGHTS INVESTMENT HIGHLIGHTS 6. 1. Strong results Important growth in a challenging opportunities macroeconomic environment Conservative 5. 2. Country, debt structure format and and oustanding socio-economic financial diversification performance Strong Solid management commercial team and policies relationships 4. 3. - 13 -

INVESTMENT HIGHLIGHTS THE ANDEAN REGION HAS BEEN GROWING AT A SLOWER, YET STABLE PACE PERU AND COLOMBIA ARE EXPECTED TO GROW AT RELATIVELY HIGH RATES COMPARED TO THE REST OF LATIN AMERICA RELATIVELY STRONG REAL GDP GROWTH …WITH A STILL RELATIVELY LOW GDP PER PROJECTIONS… CAPITA 2015E (US$) -1.2 Brazil 2015e (%) GDP per U.S.A. 56,421 1.0 2016e (%) capita 2015e 1.6 Canada Canada 45,029 2.2 2.2 U.S.A. Chile 13,910 2.8 2.7 Mexico Mexico 10,174 3.2 2.8 Chile Brazil 9,312 3.5 Colombia 3.3 Colombia 6,894 3.5 Peru 3.5 5,962 Peru 4.5 Source: Bloomberg Concensus as of June 2015 Source: IMF as of April 2015. Nominal gross domestic product per capita, current prices. - 14 -