Earnings and Dividend Growth Report

Chilean Economy Advanced economy with wide-ranging trade links • Chile's mix of economic activities reflects its status as an advanced market economy Chile's diversified trading relationships are supported by 23 free-trade agreements with 60 countries that account for 73% of global GDP Investment has been a strong contributor to growth in Chile, which should underpin future productivity gains as the economy rebounds from recent social difficulties 8 y/y % change 6 Contributions to Chilean GDP Growth 15.6% Finance, Insurance, & Real Estate 8.6% Other 1.8% Restaurants & Hotels 8.2% Transportation & Warehousing 3.3% Natural Resources CHILEAN GDP BY INDUSTRY (Q12020) 19.2% Housing & Personal Services 9.0% Wholesale & Retail Trade 10.3% Manufacturing 12.7% Mining and Oil & Gas Extraction 6.6% Construction 4.7% Public Administration Top 5 Trading Partners* 4 2 0 -2 -4 -6 17 Net Exports Investment Consumption 18 Sources: Scotiabank Economics, Haver Analytics. Inventories Government Real GDP 19 20 20 Others 36% China 31% South Korea 3% United States Brazil 6% Japan 17% 6% 70 * Trade data updated as of Q1-2020 0

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