August 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

24 Store Concepts of retail chains

1As of June 30th, 2019, 2 Converted to USD using average LTM June 30, 2019 exchange rate of 673,1 CLP/USD. 3 Stock price ($1,435) and FX (711,9 CLP/USD) as of August 20th 2019,

Forus at a glance

Revenue per Subsidiary 2018 2014 RatiosRevenue per Category 2018

Brand Builder & Specialty Retailer

17,9%

Ratios 2018

341

67

53

62

31 Brandsin our portfolio

523 Storesin 4 countries 1

US$ 365 millionin Revenue LTM 2Q19 2

US$ 521 million in Market Cap3

32 e-Commerce SitesMono-brand & multi-brand

40 Int. Awardsfor Brand Building & Retail

Excellence (2011 – 2019)

CAGR sales +12%nominal 2005-2018

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

15,2%

ROA ROS ROE EBITDAMg

0

250

500

2007 2009 2011 2013 2015 2017 2Q19

#Stores per Country

Uruguay

Colombia

Peru

Chile

Solid Balance Sheet1: US$ 151 million in cash and Net financial debt/Ebitda of -1.3x.

# stores 2019

% of total Sales 2Q’19

Sales LTM 2Q’19

# store concepts 2Q’19*

# of websites*

# of brands 2Q’19*

StoreConcepts

* Figures include stores, websites and brands added after 2Q19, Sales figures converted to USD using average LTM June 30, 2019 exchange rate of 673,1 CLP/USD. Mn = million.

Snapshot by country

4

346

82,3%

US$ 298.8 Mn

20

19

29

67

7,2%

US$ 29,0 Mn

11

4

13

62

8,9%

US$ 30.3 Mn

10

6

15

53

1.6%

US$ 7.2 Mn

4

3

3

CHILE PERU URUGUAY COLOMBIA

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:

New brand and store concept in Uruguay

New multi-brand ecommerce site in Chile

New brand and concept store in Chile, as well as large wholesale business and ecommerce (vans.cl).

2019

Brand building leadership

6

40 International

Awardswon by Forus’ Brand

Building & Retail Excellence (2011 – 2019)

Outstanding Performance in Sales Growth Accessories Category , Chile

Outstanding Performance in Sales GrowthAccessories Category , Peru

Bill Brown Achievement AwardIn recognition of Forus’ trajectory in the development and positioning of the CAT brand in Chile, Colombia and Uruguay.

3 INTERNATIONAL AWARDS RECEIVED SO FAR IN 2019

CPOCarlos Díaz (12)

Forus Uruguay CEOJuan Strauch (18)

Forus Colombia CEOPablo Muxi (5)*

Forus Peru CEOGonzalo Sotomayor (8)**

CEOSebastián Swett O. (30)

Head of Investor RelationsIsabel Darrigrandi (< 1)

BoardAlfonso Swett S. (39)

Chairman

Alfonso Swett O. (26)

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. 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 (13)

IT ManagerSaul Palma (3)

Corporate Retail Real Estate ManagerClaudio Cabrera (16)

Logistics ManagerPatricio Ramírez (12)

Dir

ect

ors

’ C

om

mit

teeCatalina Cabello R. (President)

Heriberto Urzúa Sanchez

Ricardo Swett Saavedra

2018 sales per brand concept

8% as for Consolidated figures. Vans not included in 2018 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

RIN

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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

100,0

200,0

300,0

400,0

500,0

600,0

700,0

800,0

0%

5%

10%

15%

20%

25%

30%

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

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

PassionEthics

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

16 N

ich

e B

ran

ds

Big

7

Wolverine World Wide

Columbia Sportswear

AB Group

Brooks

Patagonia

VF Corporation

Burton

Dakine

Vulcabras Azaleia

Church’s

Boardriders

24

Bra

nd

s

7 B

ran

ds

… based on solid, diversified partnerships.

17

LICENSORS BRANDS FORUS PROPRIETARY BRANDS

Aldo Group

Consumer-centric, omnichannel portfolio2

5 S

tore

Co

nce

pts

Mono-Brand

Multi-Brand 61%**

39% **

18*. Store chains with e-commerce web sites (Zapatos.cl and Zapatillas.cl are exclusively online stores). **As a % of total stores as of March 2019.

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

2019

Scale & Customer Knowledge

Digital delivering triple digit topline growth (& profitable!)

+4.1 million likes & followers

Actively interacting with our Social Media

Forus # 2 in retail category in Chile in number of

Shares, Likes & Comments, according to Comscore (March 2019)

32 e-commerce siteswith strong growth and profitable

e-commercein 4 countries in the region

21YoY growth (%)

Revenues Conversion Rate

+70% +24%

2Q 2019 Traffic

+32%

9.9%e-commerce revenues as a %

of total retail (DTC) sales2Q19 CHILE

…and a truly omnichannel operation

“Stores operate as mini distribution centers”

Omnichannel strategy

130Stores using

Forus App

+60%Sales Growth YoY.

2,1%Conversion rate

(27% higher than last year’s Cyberday)

As of June 2019:

(+) Stores (+) Distribution Centers

CHILE CYBERDAY MAY ’ 19

Sustainable corporate practices

23

Educational institutions

Children in vulnerable situations

LEED Gold Certified

Corporate Head Quarters

Employee professional development

Educational institutions

Support of sports, outdoor &

environmental activities

24

Agenda

1. Company Overview

2. Retail and Brand Leadership

3. Strategy

4. Key Financial Metrics

Consolidated Income Statement

25(*) Margin variations are in percentage points.

Ch$ million 2Q19 2Q18 Var % 6M19 6M18 Var %

Revenues 66,169 68,191 -3.0% 122,392 129,017 -5.1%

Gross Profit 37,234 40,080 -7.1% 66,758 72,813 -8.3%

Gross Margin 56.3% 58.8% (2.5) 54.5% 56.4% (1.9)

SG&A Expenses (26,841) (26,370) 1.8% (51,397) (51,309) 0.2%

SG&A / Revenues (40.6%) (38.7%) (1.9) (42.0%) (39.8%) (2.2)

Operating Income 10,393 13,710 -24.2% 15,361 21,504 -28.6%

Operating Margin 15.7% 20.1% (4.4) 12.6% 16.7% (4.1)

Other incomes / (Expenses) 26 62 -58.9% 10,991 49 22472.1%

Net Financial Income / (Cost) 1,648 (235) -801.1% 2,585 510 406.6%

Profit / (Loss) in Associates Companies (38) (91) -58.0% (121) (244) -50.3%

Exchange Rate Differentials 85 1,215 -93.0% (453) 905 -150.0%

Results of Indexation units 7 7 6.7% 3 (3) -220.6%

Others 204 (32) -734.1% 186 9 1965.0%

Non-Operating Income 1,931 926 108.5% 13,190 1,227 975.3%

Profit before income Tax 12,324 14,636 -15.8% 28,552 22,731 25.6%

Income Tax (3,339) (3,947) (8,048) (6,276)

Profit 8,985 10,690 -15.9% 20,503 16,454 24.6%

Profit Margin (%) 13.6% 15.7% (2.1) 16.8% 12.8% 4.0

Profit (loss) attributable to equity holders of parent 9,034 10,701 -15.6% 20,618 16,565 24.5%

Margin (%) 13.7% 15.7% (2.0) 16.8% 12.8% 4.0

Profit (loss) attributable to minority interest (49) (12) 314.2% (115) (111) 4.0%

EBITDA 15,129 15,086 0.3% 24,855 24,271 2.4%

EBITDA Margin 22.9% 22.1% 0.7 20.3% 18.8% 1.5

Consolidated Balance Sheet

26

Ch$ million Jun-19 Dec 18 Ch$ million Jun-19 Dec 18

Cash and cash equivalents 6,643 5,259 Other financial liabilities, current 14,291 2,005

Other financial assets, current 95,807 83,505 Current trade and other current accounts payable 9,920 13,599

Other non-financial assets, current 4,183 3,469 Current accounts payable to related companies 701 967

Trade and other account receivables 28,347 23,588 Other current Provisions 2,435 5,831

Accounts receivables from related companies 0 0 Current tax liabilities 1,718 -

Inventories 71,073 77,604 Current Provisions for employees benefits 5,568 5,886

Tax Assets, current - 2,692 Other non-financial liabilities, current 851 1,280

Total Current Assets 206,052 196,117 Total Current Liabilities 35,484 29,567

Other financial assets, Non-current - 25 Other non-current financial liabilities 38,998 1,625

Other non-financial assets, Non-current 2,375 2,589 Other non-current accounts payable - -

Fees receivables, Non-current 424 206 Deferred taxes liabilities - -

Investments in Associated 1,807 1,946 Other non-financial non-current liabilities - 6

Net intangibles assets 1,669 1,791 Total Non-Current Liabilities 38,998 1,631

Goodwill 5,426 5,426

Property, plant and equipments 91,240 41,331 TOTAL LIABILITIES 74,482 31,198

Deferred tax Assets 2,582 2,540

Total Non-Current Assets 105,524 55,854 Equity attributable to equity holders of the parent 236,351 219,906

Non-controlling interest 744 867

Total Equity 237,095 220,773

TOTAL ASSETS 311,577 251,970 TOTAL SHAREHOLDERS EQUITY AND LIABILITIES 311,577 251,970

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%

July 2019December 2008

Ownership Structure

28

Free float31,9%

Controlling Group68,1%

Free Float28,8%

Controlling Group71,2%

Costanera64,6%

Companies related to Costanera

6,6%

Investment Funds16,7%

AFPs (Pension Funds)4,0%

Brokers7,5%

Others0,7%

Costanera63,0%

Companies related to Costanera

5,1%

Investment Funds17,0%

AFPs (Pension Funds)10,5%

Brokers4,0%

Others0,3%

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

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 guarantees 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.

Disclaimer