April 2019

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

2

Agenda

Chile

82,1%

Uruguay

8,3%

Perú

7,6%

Colombia

2,0%

Footwear66%

Apparel

26%

Accesories 8%

COLOMBIA

PERU

CHILE URUGUAY

21 Concepts of retail chain of stores

1As of December 2018, 2 Average 2018 exchange rate 640.3 CLP/USD. 3 Stock price and FX as of January 2nd 2019: 694,8 CLP/USD,

Forus at a glance

Revenue per Subsidiary 2018 2014 RatiosRevenue per Category 2018

Brand Builder & Specialty Retailer

17,9%

# Stores per CountryRatios 2018

341

65

51

60

29 Brandsin our portfolio

517 Storesin 4 countries 1

US$ 387 millionin Revenue 2018 2

US$ 707 million in Market Cap3

28 Brand Web Siteswith e -commerce

Solid Financial Position: Cash of US $127.8 million. And no debt: Leverage of 0.14. As of December 2018.

37 Int. Awardsfor Brand Building & Retail

Excellence (2011 – 2018)

CAGR sales +12%nominal 2005-2018

10,1% 10,3%11,6%

15,2%

ROA ROS ROE EBITDAMg

0

250

500

2008 2010 2012 2014 2016 2018

Uruguay

Colombia

Peru

Chile

# stores 2018

% of total Sales 2018

Sales 2018*

# store concepts 2018

# of brands 2018

StoreConcepts

* Figures as of December 2018, in US$ converted using the 2018 average exchange rate 640.3 CLP/USD. Mn = million.

Snapshot by country

4

341

82,1%

US$ 317,7 Mn

18

29

65

7,6%

US$ 29,5 Mn

12

18

60

8,3%

US$ 32,0 Mn

9

15

51

2.0%

US$ 7,7 Mn

4

4

ecommerce in Chile

Acquisitions:

Chile & Peru:

Chile:

New brand (apparel)

Peru & Uruguay:

Calpanyacquisition

The company is renamed Forus S.A.

New store concept

New store concept:

New store concept

New store concept

20172012

New store concept in Peru

New store concepts:

2011

New store concept:

1982

Alfonso Swett S. launches the company with the Hush Puppies brand in Chile. WWW has a 30% stake in the new company.

1995 1996 2001

Enters Uruguay

Alfonso Swett S. acquires WWW´s 30% stake.

New store concept:

1991

2009

The company builds a footwear factory in Chile.

1988 2003

2010

New distribution center in Chile

2013

New Brand&

Chain

JV with WWW in Colombia for the brands:

1993

2014

Acquisition of Hush Puppies Peru operation

Enters Colombia

Acquisition in Uruguay of:

Forus IPO

Enters Peru

Azaleia and Norsegacquisitions.

New stores in Chile

2006 2008

38 years growing with the Latin American consumer

New brand in Uruguay:

2016

1980 2007

Inorganic 1

1 Red i: cash payment. Blue i: WC.

New store concept in Peru

ecommerce in Uruguay

Ne

w

Bra

nd

s

1990 1992 2005

Ne

w

Bra

nd

s

2015

5

2018

New brands in Peru:

ecommerce in Peru & Colombia

New store concept:

Brand building leadership

6

37 International

Awardswon by Forus’ Brand

Building & Retail Excellence (2011 – 2018)

Brand Building Excellence in LATAM

Highest Revenue Growth in the Region Accessories Category , Peru

Distributor of the Year 2017Apparel Category, Chile

Biggest Market Penetration in the World

Best International Licensee 2017Chile

5 INTERNATIONAL AWARDS RECEIVED DURING 2018 FOR 2017’s RESULTS

Factory ManagerCarlos Espinoza (12)

CPOCarlos Díaz (12)

Forus Uruguay CEOJuan Strauch (18)

Forus Colombia CEOPablo Muxi (5)*

Forus Peru CEOGonzalo Sotomayor (8)**

CEOSebastián Swett O. (29)

Head of Investor RelationsIsabel Darrigrandi (< 1)

BoardAlfonso Swett S. (39)

President

Alfonso Swett O. (25)

Heriberto Urzúa S. (24)

Ricardo Swett S. (19)

Macarena Swett O. (< 1)

Francisco Gutierrez P. (9)

Catalina Cabello R. (< 1)

Experienced and professional management team

(x) Number of years at the Company, as of April 17, 2019. In the case of the Board of Directors, the number of years refers to the Director’s tenure as a board member. The Board of Directors reflects the election results as per the April 17, 2019 GSM. Independent directors in orange letters. * Mr. Muxi has been at Forus for a total of five years, one year as Colombia CEO. ** Mr. Sotomayor has been at Forus for eight years, three as Peru CEO.

7

CFOFrancisco Del Río (< 1)

Dir

ect

ors

COOMarisol Céspedes (22)

Committee to be

Brand Business Manager Lifestyle/Outdoor

Juan Pablo Dussaillant (19)

Brand Business Manager Outdoor/Active

Francisco Arrighi (5)

HR & Legal ManagerManuel Somarriva (11)

Retail ManagerMatias Topali (12)

IT ManagerSaul Palma (2)

Corporate Retail Real Estate ManagerClaudio Cabrera (16)

Logistics ManagerCarlos Espinoza (12)

Dir

ect

ors

’ C

om

mit

teeHeriberto Urzúa Sanchez

Ricardo Swett Saavedra

Catalina Cabella R.

2018 sales per brand concept

8% as for Consolidated figures.

Casual52%

Outdoor38%

Active Outdoor8%

Fashion2%

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

Agenda

9

Agenda

Ebitda margin – among the most profitable worldwide

10* As of December of 2018

0%

5%

10%

15%

20%

25%

30%

35%KE

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19,0% 18,3%16,3%

20,7%

26,5%24,9% 24,9%

21,2%

18,3%17,4%

16,2%15,2%

10,5% 9,7%

7,6%

11,2% 10,7%

7,9%

10,3%

11,4% 9,4%10,5% 9,3%

9,7%

0

100

200

300

400

500

600

700

800

0%

5%

10%

15%

20%

25%

30%

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Ebitda Margin vs. Exchange rate

FORUS Retail Players Average FX

Ebitda Margin vs. Exchange rate

Eb

itd

a M

arg

inE

xch

an

ge

Ra

te

Ebitda margin above the industry in Chile

• Retail Average: Falabella, Cencosud , Ripley and Hites. Exchange Rate: average annual CLP/USD. 11

3,3%

5,3%

1,9% 2,3%1,7%

1,3%

4,0%

14,1%

15,8%

14,3%

3,3%

4,2%3,6%

-1,1%

1,3%

12,0%

3,6%3,2%

6,9%

4,1%

-0,6%

2006-2009 2010-2013 2014 2015 2016 2017 2018

Var % PIB Forus Chile Sales Growth Industry Sales Growth

Forus Chile: solid revenue performance over time

4,3x

3,0x

2,5x

GDP information from International Monetary Fund, World Economic Outlook Database.“Industry” and “Retail Players Avg.” includes Chile Department Store Revenue and sales area for Falabella, Ripley, Cencosud and Hites.Figures in USD/Sqm, calculated using the observed dollar exchange rate (in USD/CLP) for December 31st, 2018: 695.7. 12

1.4x 1.5x 1.5x 1.5x 1.4x 1.4x 1.4x

Sales per square meterAverage Total Growth

4.190 4.152 4.087 4.1164.389 4.471

4.287

5.7776.124 6.303

5.9706.209 6.363

6.131

2012 2013 2014 2015 2016 2017 2018

Retail Players Avg.* Forus Chile

3,0x3,0x7,5x

3,0x1,5x 2,8x

-0,3x

GDP Growth

Agenda

13

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

Agenda

14

Our DNA

Discipline

Customer Centric

Excellence Passion

Ethics

Austerity

We aim to be leaders in specialty retail in footwear, apparel and accessories,both in Chile and abroad, by earning our customers’ preference every day.

We are brand builders

Multi brand store concepts

New brands added to portfolio

1988

1995

2006

1993

New mono- brand store concepts

With important Growth

Brand Revenue CAGR

(2010-2018)**

9.4%

2001

* Numbers represent the years between the arrival of the brand to the market until its first mono-brand store opening.

**Patagonia not included.

2013

+4+4

*1980

1991

1992

+13+22

+9+10

15

We have a portfolio of iconic & consumer-focused brands…

16

8 D

ev

elo

p B

ran

ds

15 N

ich

e B

ran

ds

Big

6

Wolverine World Wide

Columbia Sportswear

AB Group

Brooks

Patagonia

VF Corporation

Burton

Skullcandy

Dakine

Vulcabras Azaleia

Church’s

Boardriders

22

Bra

nd

s

7 B

ran

ds

… based on solid, diversified commercial partnerships.

17

LICENSORS BRANDS FORUS PROPRIETARY BRANDS

Consumer-centric, omnichannel portfolio2

2 S

tore

Co

nce

pts

Mono-Brand

Multi-Brand 45%**

55% **

18*. Store concepts with ecommerce web sites. **As a % of the total number of concept store chains in 2018.

A robust digital strategy.

Social Media E-commerce Technology Business Intelligence

19

20

… which is growing fast

Start of Online Strategy

20

2013 201720102008

Web Sites Social Media E-commerce Omni-Channel

2013 2017 2018

Digital delivering triple digit topline growth (& profitable!)

4.1 million likes & followers

Actively interacting with our

social media (Chile)

28 ecommerce sitesgrowing strong and profitable

ecommercein 4 countries in the region

21YoY growth (%)

Revenues Conversion Rate

+215% +64%

7.1%% WEIGHT OF DTC SALES

4Q’18 CHILE

4Q 2018 Traffic

+94%

and a truly omnichannel operation

“Stores operate as mini distribution centers”

Omnichannel strategy

118Stores with Stock App

+293%Sales YoY.

+99.8%Fulfillment

of orders

CURRENT STAGEFUTURE STAGE

(+) Stores (+) Distribution Centers

CHIL

E C

YBER

DAY

OCT

’ 18

A sustainable corporate growth approach

23

Educational institutions

Children in vulnerable situations

Support of sports outdoor &

environmentalactivities

Employees professional development

Agenda

24

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

Consolidated Income Statement

25

(*)

(*) For Margins, the variations are in percentage points.

MM Ch$ 4Q'18 4Q'17 Var % 2018 2017 Var %

Revenues 61.915 61.632 0,5% 247.712 250.962 -1,3%

Gross Profit 32.978 33.888 -2,7% 135.850 136.426 -0,4%

Gross Margin 53,3% 55,0% (1,7) 54,8% 54,4% 0,5

SG&A Expenses (28.174) (26.438) 6,6% (104.605) (101.805) 2,8%

SG&A / Revenues (45,5%) (42,9%) (2,6) (42,2%) (40,6%) (1,7)

Operating Income 4.804 7.450 -35,5% 31.245 34.621 -9,8%

Operating Margin 7,8% 12,1% (4,3) 12,6% 13,8% (1,2)

Other incomes / (Expenses) 261 103 152,7% 328 928 -64,7%

Net Financial Income / (Cost) (175) 299 -158,5% 804 771 4,4%

Profit / (Loss) in Associates Companies 60 (43) -239,6% (258) (172) 49,9%

Exchange Rate Differentials 903 (891) -201,3% 1.729 (1.388) -224,6%

Results of Indexation units 30 48 -37,2% 42 37 12,9%

Others 512 (216) -337,3% 578 (336) -272,3%

Non-Operating Income 1.591 (699) -327,5% 3.225 (159) -2124,2%

Profit before income Tax 6.396 6.750 -5,3% 34.469 34.461 0,0%

Income Tax (1.237) (315) (8.919) (7.765)

Minority Interest 86 4 (38) (298)

Net Profit 5.159 6.435 -19,8% 25.550 26.697 -4,3%

ROS (%) 8,3% 10,4% (2,1) 10,3% 10,6% (0,3)

EBITDA 6.940 8.902 -22,0% 37.541 40.569 -7,5%

EBITDA Margin 11,2% 14,4% (3,2) 15,2% 16,2% (1,0)

Consolidated Balance Sheet

26

MM Ch$ Dec 18 Dec 17 MM Ch$ Dec 18 Dec 17

Cash and cash equivalents 5.259 4.365 Other financial liabilities, current 2.005 2.510

Other financial assets, current 83.505 75.422 Current trade and other current accounts payable 13.599 13.758

Other non-financial assets, current 3.469 4.670 Current accounts payable to related companies 967 1.041

Trade and other account receivables 23.588 22.918 Other current Provisions 5.831 6.269

Accounts receivables from related companies 0 1 Current tax liabilities - -

Inventories 77.604 81.108 Current Provisions for employees benefits 5.886 5.271

Tax Assets, current 2.692 4.206 Other non-financial liabilities, current 1.280 1.992

Total Current Assets 196.117 192.690 Total Current Liabilities 29.567 30.841

Other financial assets, Non-current 25 24 Other non-current financial liabilities 1.625 1.711

Other non-financial assets, Non-current 2.589 2.511 Other non-current accounts payable - -

Fees receivables, Non-current 206 184 Deferred taxes liabilities - -

Investments in Associated 1.946 2.120 Other non-financial non-current liabilities 6 8

Net intangibles assets 1.791 2.121 Total Non-Current Liabilities 1.631 1.719

Goodwill 5.426 6.026

Property, plant and equipments 41.331 29.516 TOTAL LIABILITIES 31.198 32.560

Deferred tax Assets 2.540 1.584

Total Non-Current Assets 55.854 44.087 Total Net Equity 220.773 204.217

TOTAL ASSETS 251.970 236.777 TOTAL NET EQUITY AND LIABILITIES 251.970 236.777

81 91130 152 150

174 205246279

337 336348 361 357

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

6 10 13 17 14

28

41 4555 53

4738 38 37

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

7,6%11,1% 10,2% 11,1% 9,4%

16,0% 20,0%18,4% 19,6% 15,7% 14,1%10,9% 10,6% 10,3%

12 1625

2824

36

5461

69 7162 61 58 54

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Forus Consolidated Financial Figures

Figures in US$ million, as of January 2nd 2019: 694,8 CLP/USD,

2005-2018 CAGR + 12.3% nominal 2005-2018 CAGR + 12.0% nominal

2005-2018 CAGR + 14.7% nominal

Revenues EBITDA

Net Income

EBITDA Margin

(%)

Net IncomeMargin (%)

27

15%18% 19% 18%

16%21%

26% 25% 25%21%

18% 17% 16% 15%

Free Float: 31,9%Free Float: 28,9%

Free Float28,9%

Controlling Group71,1%

Costanera64,6%

Companies related to Costanera

6,6%

Investment Funds16,1%

Institutional Investors4,6%

Brokers7,5%

Others 0,6%

Free Float31,9%

Controlling Group68,1%

April 2019December 2008

Ownership Structure

28

Costanera63,0%Companies related to

Costanera5,1%

Investment Funds14,2%

AFPs (Pension Funds)12,9%

Brokers4,0%

Others0,8%

5 416 16

818

6 6 10 8

15

2516

15

3236

48

93

74

26

28 2823

0

20

40

60

80

100

120

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

One-time Capex (US$ MM)

Capex (US$ MM)

# Gross Stores Opened

8

4 3 2

Chile Perú Colombia Uruguay

Capex 2019 US$ 25 MM *17 Stores

Capex Evolution

2019 Stores Opening Plan and Capex Evolution

29

DC in ChileBillabong &

7veinteAcquisition

2019 Plan of Stores Openings

*Includes land and initial expenditures for the new distribution center.

New HQ in Chile

30

This document is only informative, and part of the information collected in it contains projections about

intentions, expectations or future predictions.

All of them, except for those based on historical facts, are forward-looking, including, among others, those

regarding the financial position, business strategy, management plans and objectives for future operations

of the Company.

And as such, they are subject and / or affected to a variety of contingencies, (among others, competition in

the sector, preferences and trends in consumer spending, economic and legal conditions in the country,

restrictions on free trade and / or political instability in the markets in which the company operates), difficult

to predict, that could cause ultimately these projections will not really occur.

Therefore, the Company does not guarantee total effectiveness of such forward-looking, they may differ

from what is reported here, not being this responsibility of the company or its management.

Disclaimer