Growth SECOND QUARTER AS OF JUNE 2018

% YoY % YoY

Adjusted EBITDA -10.7% -1.8%

EBITDA exc/One-offs1 38.9% 11.6%

2017 2018 Var. YoY ∆%

CLP$MM

Revenues 146.977 148.035 1.058 0,7%

Cost of sales -116.355 -113.689 2.666 -2,3%

Gross Profit 30.622 34.346 3.724 12,2%

SG&A -14.752 -15.034 -282 1,9%

Other expenses by function -711 -1.445 -735 103,4%

Other Gain (Losses) -1.669 -872 797 -47,7%

Operational Gains (losses) 13.491 16.995 3.504 26,0%

Net Financial Expenses -18.882 -29.994 -11.112 58,9%

Participation of associates 777 483 -295 -37,9%

Exchange differences 432 14 -417 -96,7%

Results of indexed units -2.571 -1.054 1.517 -59,0%

Profit (loss), before taxes -6.753 -13.556 -6.803 100,7%

Income tax expense 4.340 3.734 -607 -14,0%

Net Profit -2.413 -9.823 -7.410 307,1%

Profit (loss), attributable to owners of the parent -6.412 -9.921 -3.509 54,7%

Profit (loss), attributable to non-controlling interests 3.999 99 -3.901 -97,5%

ADJUSTED EBITDA 1 32.279 31.710 -569 -1,8%

EBITDA 28.494 30.402 1.908 6,7%

Revenue grew driven by better

performance at Enjoy Coquimbo and

Enjoy Santiago

Financial expenses affected by the

prepayment of local bonds C and E

and international bonds (CLP $

17,621 million)

Higher operating profit is explained

by lower costs and expenses

associated with efficiency initiatives

(VCP):

Purchase Management

Optimization

Savings in HR spending

Lean operation project

Credit & collection

optimization Management

Excluding non-recurring

expenses associated with third-

party consultancies, EBITDA

increases 11.6%.

2Q17 2Q18 Var. YoY ∆%

CLP$MM

Revenues 60.742 58.692 -2.050 -3,4%

Cost of sales -52.400 -48.907 3.493 -6,7%

Gross Profit 8.341 9.785 1.443 17,3%

SG&A -7.500 -6.666 834 -11,1%

Other expenses by function -711 -1.445 -735 103,4%

Other Gain (Losses) -642 -612 30 -4,6%

Operational Gains (losses) -511 1.061 1.572 NA

Net Financial Expenses -9.632 -8.794 837 -8,7%

Participation of associates 249 89 -159 -64,1%

Exchange differences 744 -1.821 -2.565 NA

Results of indexed units -877 -497 380 -43,3%

Profit (loss), before taxes -10.026 -9.962 64 NA

Income tax expense 3.306 45 -3.261 -98,6%

Net Profit -6.720 -9.917 -3.197 47,6%

Profit (loss), attributable to owners of the parent -7.083 -9.941 -2.858 40,4%

Profit (loss), attributable to non-controlling interests 363 25 -338 -93,2%

ADJUSTED EBITDA 1 9.774 8.724 -1.050 -10,7%

EBITDA 7.152 8.417 1.266 17,7%

Revenues decreased due to a

lower performance of the FF&BB

and, to a lesser extent, the Gaming

business associated with a lower

WIN in gaming tables.

Financial expenses decrease due

to lower stock of debt after the

capital increase.

Operating profit is explained by

lower costs and expenses

associated with efficiency initiatives.

Excluding non-recurring

expenses associated with third

party consultancies, EBITDA

increases 38.9%.

Exchange difference occurs

mainly due to the effect of the

exchange rate of the Bond

denominated in USD.

35,0%

36,0%

37,0%

38,0%

39,0%

∆

Punta del Este

Revenues 46.245 0,2%

EBITDA 10.397 71,9%

EBITDA Mg. 22,5% 937 pp

Antofagasta

Revenues 14.575 -5,7%

EBITDA 3.800 -14,9%

EBITDA Mg. 26,1% -284 pp

Coquimbo

Revenues 18.466 3,9%

EBITDA 6.425 8,4%

EBITDA Mg. 34,8% 143 pp

Viña del Mar

Revenues 30.046 0,6%

EBITDA 4.472 -2,5%

EBITDA Mg. 14,9% -47 pp

Santiago

Revenues 20.894 3,2%

EBITDA 5.522 3,1%

EBITDA Mg. 26,4% -4 pp

Pucón

Revenues 9.914 1,3%

EBITDA 2.380 18,2%

EBITDA Mg. 24,0% 342

Chiloé

Revenues 3.260 2,1%

EBITDA -81 NA

EBITDA Mg. NA NA

Villarrica

Revenues 1.476 13,7%

EBITDA 240 114,0%

EBITDA Mg. 16,3% 762 pp

Puerto Varas

Revenues 1.354 -13,5%

EBITDA -49 -41,0%

EBITDA Mg. NA NA

ENJOY S.A.

Revenues 148.035 0,7%

EBITDA 30.402 6,7%

EBITDA Mg. 20,5% 115 pp

79%

10%

7% 4%

GAMING

AA&BB

HOTEL

Shows & Others

∆

Punta del Este

Revenues 13.988 -10,8%

EBITDA 1.190 NA

EBITDA Mg. 8,5% 1.670 pp

Antofagasta

Revenues 7.249 -9,0%

EBITDA 1.843 -22,5%

EBITDA Mg. 25,4% -442 pp

Coquimbo

Revenues 7.867 5,1%

EBITDA 2.586 16,1%

EBITDA Mg. 32,9% 310 pp

Viña del Mar

Revenues 12.912 1,4%

EBITDA 1.368 -9,1%

EBITDA Mg. 10,6% -122

Santiago

Revenues 10.342 -0,5%

EBITDA 3.199 6,2%

EBITDA Mg. 30,9% 197 pp

Pucón

Revenues 3.100 -1,4%

EBITDA 288 209,7%

EBITDA Mg. 9,3% 633 pp

Chiloé

Revenues 1.468 4,1%

EBITDA (81) 10,5%

EBITDA Mg. NA -32

Villarrica

Revenues 462 34,9%

EBITDA (80) -19,2%

EBITDA Mg. NA NA

Puerto Varas

Revenues 374 -38,6%

EBITDA (192) 12,5%

EBITDA Mg. NA NA

ENJOY S.A.

Revenues 58.692 -3,4%

EBITDA 8.696 21,5%

EBITDA Mg. 14,8% 303 pp

Assets 2017 2Q18

∆% CLP$MM CLP$MM

Cash and Cash equivalents 30.344 34.043 12,2%

Total Current Assets 89.223 93.313 4,3%

Total Non Current Assets 432.963 447.478 3,3%

Total Assets 522.187 540.792 3,6%

Liabilities 2017 2Q18 ∆%

CLP$MM CLP$MM

Total Current Liabilities 124.549 126.321 1,4%

Total Non Current Liabilities 323.059 238.525 -26,2%

Total Liabilities 447.608 364.846 -18,5%

Equity 2017 2Q18 ∆%

CLP$MM CLP$MM

Equity 74.579 175.946 135,6%

Liabilities & Equity 522.187 540.792 3,6%

Dec 2017 2Q18 ∆%

-35.326 -33.008 -6,5%

0,72 0,74

Accounts receivable Chile Uruguay Consolidated (CLP$MM) 2017 2018 % 2017 2018 % 2017 2018 %

Total Net Value (Stock as of 30/06) 18.344 15.765 -14,1% 21.143 21.412 1,3% 39.487 37.177 -5,9%

Bad Debt Provision (Stock as of 30/06) (4.547) (4.373) -3,8% (5.337) (5.542) 3,8% -9.884 -9.915 0,3%

Provision / Gross Portfolio margin 19,9% 21,7% 185 pp 20,2% 20,6% 41 pp 20,0% 21,1% 110 pp

Reverse (deterioration) of bad debt (984) (367) -62,7% (2.791) (1.163) -58,3% (3.775) (1.530) -59,5%

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2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035

Bond144ª Reg S

expiration

MMUSD 195

License Exp.

Antofagasta

Los Angeles

License

Exp.

Santiago

San

Antonio

License

Exp.

Chiloé

Weighted

Duration

7,6 years

Pre Licitation

Weighted

Duration

14,3 years

Post Licitation

2036

License Exp.

Coquimbo

Pucón

License

Exp.

PDE

License Exp.

Viña del Mar

•

•

•

5,40

29,41

11,97 1,03

13,50 50,87

5,67 5,40

42,91

62,84

6,70

0

10

20

30

40

50

60

70

2018 2019 2020 2021

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10

20

30

40

50

60

70

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90

100

Mill

on

es

ACTUAL TAX FUTURE TAX ∆ INCREMENTAL TAX

ACTUAL TAX FUTURE TAX ∆ INCREMENTAL TAX

ACTUAL TAX FUTURE TAX ∆ INCREMENTAL TAX