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.
FORWARD-LOOKING STATEMENT DISCLAIMER
2
Highlights from our Transformation Roadmap
Transformation Roadmap
Scale & diversification by adding new brands in Chile (VANS, UA)
Expand international business: new brands (UA, MANGO), IT & infrastructure, consolidation
Provide a worldclass digital & phygital experience
Closure of underperforming stores: higher sales per sqm & lower inflation-linked fixed expenses
Forus Sales: 4Q22 was our 2nd best 4Q ever & our bestyear to date
Forus
Sales
(CLP $ million)
Forus
Sales
(CLP $ million)
96.662
87.407
67.338
59.812
61.760
61.632
61.915
57.419
4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22
315.055
294.690
233.396 241.709 250.962 247.712 237.560
184.449
2015
2016
2017
2018
2019
2020
2021
2022
4
Higher sales & profitability than before social unrest & Covid
Forus Total
(CLP million)
REVENUE
GROSS
MARGIN
ADJ.
OP INCOME
MARGIN*
EBITDA
MARGIN
NET INCOME
MARGIN
4Q184Q22
61,916
87,407
+41%
53.3%
54.5% +125 bp
8.8%
13.5% +472 bp
11.2%
20.8% +958 bp
8.3%
11.6% +329 bp
Excludes Ch$ 7,650 million and Ch$ 626 million in 4Q22 and 4Q18, respectively, in non-recurring expenses from impairment of goodwill and other intangibles. See further details in IFRS Financial Statement Notes 9, 10 and 23.
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Forus SA published this content on 03 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2023 14:29:04 UTC.
Forus SA is a Chile-based company primarily engaged in the footwear and apparel retail. The Company focuses on the design, production and distribution of footwear, apparel and accessories for men, women and children. The Company's activities are divided into two business segments: Retail, which sells goods through retail and online stores, and Wholesale, which distributes goods through department stores, owned by Cencosud Retail SA, Falabella Retail SA and Ripley Corp SA, among others. The Company offers products under a range of brand names, including Hush Puppies, Cat, Merrell, Columbia, Mountain Hardwear, Azaleia, Sebago, Nine West, Brooks, Calpany, Skullcandy and Norseg, among others. Its distribution network includes point of sales located in Chile, Uruguay, Peru and Colombia. The Company operates through a number of subsidiaries, such as as Uruforus SA, Peru Forus SA and Forus Colombia SAS. The Company is controlled by Inversiones Costanera Ltda.
FORUS S.A. 
