Enjoy S A : Financial Statements Enjoy S.A. September 2023

CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 2023

ENJOY S.A.

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AT SEPTEMBER 30 2023, 2022 AND DECEMBER 31, 2022

EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$)

Assets	09-30-2023	12-31-2022
	ThCh$	ThCh$
Current assets
Cash and cash equivalents	23.810.338	28.027.244
Other financial assets, current	4.474.014	5.209.107
Trade debtors and other accounts receivable, current	22.252.339	27.848.939
Accounts receivable from related parties, current	83.770	40.492
Inventories	4.493.286	4.846.709
Current tax assets	3.651.945	2.921.120
Total -current assets	58.765.692	68.893.611
Non-current assets
Other financial assets, no current	2.263.509	2.134.582
Other assets, non-current	104.127	1.652.576
Trade debtors and other accounts receivable, no current	1.992.471	1.452.389
Intangible assets other than goodwill	301.696.326	325.444.374
Goodwill	1.303.379	1.303.379
Property, plant and equipment, net	356.503.670	356.516.889
Assets for rights of use	42.450.036	36.293.367
Non current tax assets	2.691.330	6.660.394
Deferred tax assets	87.250.263	77.767.855
Total non-current assets	796.255.111	809.225.805
Total assets	855.020.803	878.119.416

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AT SEPTEMBER 30 2023, 2022 AND DECEMBER 31, 2022

EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$)

Equity and liabilities	09-30-2023	12-31-2022
	ThCh$	ThCh$
Current Liabilities
Other current financial liabilities	9.478.764	16.925.581
Liabilities for leases, current	5.206.655	11.054.469
Trade payables and other payables	121.517.906	118.494.649
Accounts payable to related parties, current	3.356.297	175.023
Current tax liability	10.455.468	5.914.267
Current provisions for employee benefits	976.759	2.775.115
Other current liabilities	16.024.838	14.177.058
Total non-current liabilities	167.016.687	169.516.162
Non-current liabilities
Other financial liabilities, non-current	248.181.897	223.255.160
Liabilities for leases, no current	18.088.214	11.231.069
Trade payables and other payables	274.436.405	275.820.985
Accounts payable to related parties, no current	22.049.294	-
Deferred tax liabilities	47.271.048	51.361.427
Other current liabilities, non-current	1.279.639	-
Total non-current liabilities	611.306.497	561.668.641
Total liabilities	778.323.184	731.184.803
Equity
Issued capital	466.769.811	466.769.811
Retained earnings	(407.566.743)	(338.348.921)
Share premium	16.540.527	16.540.527
Accumulated other comprehensive income	8.322.918	6.332.627
Equity attributable to owners of the parent	84.066.513	151.294.044
Non-controlling interests	(7.368.894)	(4.359.431)
Equity	76.697.619	146.934.613
Equity and liabilities	855.020.803	878.119.416

STATEMENTS OF INCOME AND STATEMENTS OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED SEPTEMBER 30, 2023 AND 2022

EXPRESSED IN THOUSANDS OF CHILEAN PESOS (THCH$) EXCEPT EARNINGS PER SHARE PRESENTED IN PESOS

	Income Statements	09-30-2023	09-30-2022
		ThCh$	ThCh$
	Revenue	232.108.040	226.785.079
	Cost of sales	(197.335.618)	(177.454.185)
	Gross margin	34.772.422	49.330.894
	Administrative expenses	(36.220.687)	(31.312.069)
	Other expenses	-	-
	Other gains (losses)	(11.578.692)	(5.801.157)
	Operating Margin	(13.026.957)	12.217.668
	Finance income	183.652	97.811
	Finance costs	(55.905.609)	(50.050.459)
	Share of profit (loss) of associates	-	-
	Foreign exchange gain/loss	(3.340.493)	(8.331.733)
	Indexation for designated assets/liabilities for inflation	(9.888.248)	(26.904.529)
	Income before tax	(81.977.655)	(72.971.242)
	Income tax (expense) benefit	10.412.783	22.021.641
	Net Income derived from continuous operations	(71.564.872)	(50.949.601)
	Discontinued operations	53.327	(68.859)
	Net Income	(71.511.545)	(51.018.460)
	Net Income, attributable to:
	Net Income, attributable to owners of parent	(69.217.822)	(49.880.091)
	Net Income, attributable to non-controlling interests	(2.293.723)	(1.138.369)
	Net Income	(71.511.545)	(51.018.460)
	Earnings per share (basic and diluted)	(1,32)	(0,95)
	Statement of Comprehensive Income	09-30-2023	09-30-2022
		ThCh$	ThCh$
	Net Income	(71.511.545)	(51.018.460)
	Items that may be reclassified subsequently to profit or loss:
	Gain (loss) due to translation differences in subsidiaries	1.990.291	7.182.468
	Total gain (loss) due to translation differences, before taxes	1.990.291	7.182.468
	Other comprehensive income, , before taxes	1.990.291	7.182.468
	Other comprehensive income for the year, net of income tax	1.990.291	7.182.468
	Comprehensive income	(69.521.254)	(43.835.992)
	Comprehensive income attributable to
	Comprehensive income attributable to owners of the company	(67.227.531)	(42.697.623)
	Comprehensive income attributable to non-controlling interests	(2.293.723)	(1.138.369)
	Comprehensive income	(69.521.254)	(43.835.992)

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE PERIOD ENDED SEPTEMBER 30, 2023 AND 2022

STATED IN THOUSANDS OF CHILEAN PESOS (THCH$)

Cash flow statements	09-30-2023	09-30-2022
ThCh$	ThCh$
Cash flows from (used in) operating activities
Collection from operating activities
Receipts from the sale of goods and services	276.208.568	269.874.244
Payments
Payments to suppliers for goods and services	(110.404.388)	(124.126.022)
Payments to and account of employees	(70.966.811)	(61.982.679)
Other payments for operating activities	(103.175.498)	(90.135.826)
Paid (reimbursed) income tax	4.142.664	(155.117)
Cash flows from (used in) operating activities	(4.195.465)	(6.525.400)
Cash flows from (used in) investing activities
Cash flows from the sale of non-controlling interests	-	1.809.396
Cash acquired in the acquisition of subsidiary	(18.922)	-
Purchase of property, plant and equipment	(4.988.965)	(12.550.841)
Purchase of Intangible assets	-	-
Interest received	183.652	97.811
Cash flows from (used in) investing activities	(4.824.235)	(10.643.634)
Cash flows from (used in) financing activities
Proceeds from short - term loans received	-	3.017.470
Proceeds from short - term loans received	24.701.191	14.111.871
Loans from related parties	21.000.000	-
Repayments of loans received	(20.299.704)	(12.374.918)
Payments of liabilities by lease	(3.284.123)	(7.823.028)
Repayment of loans from related parties	(3.015.608)	-
Interest paid	(14.085.022)	(9.642.737)
Other cash inflows (outflows)	(362.982)	(5.919.511)
Cash flows derived from (used in) financing activities	3.938.012	(18.630.853)
Increase (decrease) in cash and cash equivalents	(5.081.688)	(35.799.887)
Effects of exchange rate changes on the balance of cash held in foreign currencies
Effects of exchange rate changes on the balance of cash held in foreign currencies	864.782	1.694.698
Net increase (decrease) of cash and cash equivalents	(4.216.906)	(34.105.189)
Cash and cash equivalents at the beginning of the year	28.027.244	55.484.073
Cash and cash equivalents at the end of the year	23.810.338	21.378.884

	For the period ended,
	09-30-2023	09-30-2022
	(Ch$)	(Ch$)
	(in million of Chilean Pesos )
Net income (loss)	(71.512)	(51.018)
Income tax expense (benefit)	(10.413)	(22.022)
(+) Net Finance costs	55.722	49.952
(+) Depreciation expense	14.151	13.960
(+) Amortization expense	25.689	24.175
(+)(-) Foreign Exchange gain/loss	3.340	8.332
(+)(-) Indexation for designated assets / liabilities for inflation	9.888	26.905
(+) Other losses (-) other gains	11.579	5.801
(+)(-) Gain (losses) of Discontinued operations	(53)	69
EBITDA	38.391	56.154
(+) Obsolescence loss on inventory	50	(104)
(+) Provision for doubtful accounts	(812)	(1.665)
Adjusted EBITDA	37.629	54.385