BANCO SANTANDER-CHILE Banco Santander Chile
Results and Strategy Update
May 2021
Important information
Banco Santander Chile caution that this presentation contains forward looking statementswithin the meaning of the US Private Securities Litigation Reform Act of 1995. These forward looking statements are found in various places throughout this presentation and include, without limitation, statements concerning our future business development and economic performance. While these forward looking statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: (1) general market, macro-economic, governmental and regulatory trends; (2) movements in local and international securities markets, currency exchange rates, and interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the financial position or credit worthiness of our customers, obligors and counterparties. The risk factors and other key factors that we have indicated in our past and future filings and reports, including those with the Securities and Exchange Commission of the United States of America, could adversely affect our business and financial performance.
Note: the information contained in this presentation is not audited and is presented in Chilean Bank GAAP which is similar to IFRS, but there are some differences. Please refer to our 2020 20-F filed with the SEC for an explanation of the differences between Chilean Bank GAAP and IFRS. Nevertheless, the consolidated accounts are prepared on the basis of generally accepted accounting principles. All figures presented are in nominal terms. Historical figures are not adjusted by inflation. Please note that this information is provided for comparative purposes only and that this restatement may undergo further changes during the year and, therefore, historical figures, including financial ratios, presented in this report may not be entirely comparable to future figures presented by the Bank.
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AGENDA
MACRO & COVID-19 UPDATE
SAN CHILE: LEADING BANK
SAN CHILE: BALANCE SHEET
SAN CHILE: STRATEGIC INITIATIVES UPDATE & RESULTS
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Macroeconomic environment
Despite recent surge in contagions, successful vaccination strategy reduces downside risks
New contagions and population under | People vaccinated |
lockdown | (% of target population) | |||||||||
60% | ||||||||||
8000 | Population uder full or partial | 100 | Two jabs | One jab | ||||||
40% | ||||||||||
lockdown (%) - rhs | ||||||||||
7000 | New cases (weekly average) | |||||||||
80 | 20% | |||||||||
6000 | ||||||||||
5000 | 60 | 0% | ||||||||
01-02-2021 | 01-03-2021 | 01-04-2021 | ||||||||
4000 | People vaccinated | |||||||||
(Every 100 inhabitants, April 25th) | ||||||||||
3000 | 40 | Israel | 62.2 | |||||||
Reino Unido | 49.6 | |||||||||
Estados Unidos | 41.9 | |||||||||
Chile | 41.6 | |||||||||
Canadá | 23.3 | 29.2 | ||||||||
2000 | Singapur | |||||||||
Alemania | 23.3 | |||||||||
20 | Bélgica | 23.2 | ||||||||
España | 22.3 | |||||||||
Dinamarca | 20.8 | |||||||||
1000 | Italia | 20.8 | ||||||||
Suecia | 20.7 | |||||||||
Francia | 20.6 | |||||||||
Suiza | 16.8 | |||||||||
Argentina | 13.9 | |||||||||
0 | 0 | Brasil | 9.3 | 12.6 | ||||||
México | ||||||||||
Jun-20 | Aug-20 | Oct-20 | Dec-20 | Feb-21 | Apr-21 | Colombia | 5.9 | |||
Corea del Sur | 4.4 | |||||||||
Nueva Zelanda | 2.9 | |||||||||
Perú | 2.6 | |||||||||
Japón | 1.5 | |||||||||
Australia | 0.6 |
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Macroeconomic environment
An intense electoral year
Electoral calendar
May: | November: | Fisrst semester | |
Constitutional | June: Presidential | 2022: | |
Presidential and | |||
Convention and | primaries | Constitutional | |
parlamentarian | |||
local governments | referendum | ||
Constitutional convention
- 155 members / 17 reserved for indigenous people
- Equal female representation
- Large number of lists
- D'Hont system will favor existing large coalitions
Possible contents of the
constitutional discussion:
- Political system
- Social rights
- Economic participation of the state
- Autonomous bodies of the state
- Indigenous people recognition
- Supramajority quorums
- Natural resources ownership
Source: Servel and Santander
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Disclaimer
Banco Santander-Chile published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 14:16:10 UTC.
