Slides
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First Quarter 2022 2Q 2025 / June 30, 2025 2Q 2025 June 30, 2025
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FORWARD LOOKING STATEMENT DISCLAIMER Certain information set forth in this presentation contains “forward-looking information”. Except for statements of historical fact, information contained herein constitutes forward-looking statements and may include, but is not limited to, the projected financial performance and financial position of the Company; the expected development of the Company’s business, projects and joint ventures; the execution of the Company’s vision and growth strategy; the renewal of the Company’s current customer, supplier and other material agreements; the completion of the Company’s projects that are currently underway, in development or otherwise under consideration; and the Company’s future liquidity, working capital, and capital requirements. These statements are not guaranteeing of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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FORUS NEWS
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IN AUGUST 2025, WE EXPANDED OUR STRATEGIC ALLIANCE WITH VF CORPORATION IN ORDER TO DISTRIBUTE VANS IN COLOMBIA & PERU: o CHILE 2019 o COLOMBIA 2025 o PERU 2026
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IN MAY 2025, WE OFFICIALLY WELCOMED PARFOIS TO THE FORUS FAMILY WE inaugurated PARFOIS.PE and we opened our first PARFOIS store in a prime location in LIMA, PERu In august, we launched operations iN CHILE with our first store in viña del MAR Soon we will be opening our first store in SANTIAGO & launching PARFOIS.CL!!!
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2q 2025 Update
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CHILE MACRO ENVIRONMENT
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8 Store sales in metropolitan region (Santiago) Footwear sales decrease yoy (in real terms) throughout the quarter Source: Departamento de Estudios CNC
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FORUS CONSOLIDATED SALES (CLP million) 1.0% 2Q25 SALES GREW 1.0% YOY, considering last year’s 2q was THE BEST QUARTER IN OUR HISTORY 68.191 66.169 22.768 70.646 88.872 87.468 110.509 111.645 2Q18 2Q19 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25
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Chile (72% of total sales in 2Q25) -0.5% International Subsidiaries (28% of total sales in 2Q25) SUBSIDIARIES continued to deliver growth FORUS CONSOLIDATED SALES (CLP million) 54.485 18.380 61.155 68.075 66.965 80.749 80.317 2Q19 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 11.684 4.388 9.491 20.797 20.503 29.760 31.328 2Q19 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 5.3%
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DTC performed slightly better than wholesale DTC (85% of total sales in 2Q25) 1.4% Wholesale (15% of total sales in 2Q25) FORUS CONSOLIDATED SALES (CLP million) 58.353 19.229 59.857 67.796 72.199 93.349 94.628 2Q19 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 7.816 3.539 10.789 21.076 15.269 17.160 17.017 2Q19 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 -0.8%
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Stores (71% of total DTC sales in 2Q25) 4.9% Digital (29% of total DTC sales in 2Q25) DTC: STORE SALES GROWTH OFFSET DIGITAL FORUS CONSOLIDATED SALES (CLP million) 3.596 27.351 47.848 50.256 63.725 66.864 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 15.633 32.505 19.948 21.943 29.625 27.765 2Q20 2Q21 2Q22 2Q23 2Q24 2Q25 -8.5%
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111,645 54.4% 46,021 14,766 2Q24 2Q25 110,509 FORUS CONSOLIDATED (CLP million) 1.0% -6 bp 6.6% -13.5% EBITDA margin slightly lower yoy, but still nearly 20% Sales Gross Margin SG&A EBIT 13 22,094 -6.4%EBITDA 54.5% 43,168 17,069 23,593 19.8% -156EBITDA Margin 21.3%
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10,183 14,766 (750) 10,231 2Q24 2Q25 17,069 (1,026) 11,681 11,631 -13.5% -27% -12.4% NON OPERATING LOSS DECREASED YOY EBIT Non-Operating Gain/(Loss) Net Income before Minority Interest Net Income 14 -12.5% FORUS CONSOLIDATED (CLP million)
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AUGUST 2025: WE REMAIN ON TRACK WITH THE CONSTRUCTION OF OUR NEW DC (WITHIN BUDGET & DEADLINES) 16,200 m2 (expandible to 24,000 m2)
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Q&A