Peruvian Securities Market

February 2020

1

Introductory Presentation – PeruGLOPAC /JFSA 2020Alberto Valdivia Ocampo

Asia

Europe

OceaniaPeru

North America

uPeru

Africa

Tokyo

6.9% Unemployment rate

$158,826.5 millions GDP

32 millions

Population

$73,501 millions Foreign debt

$6,571 Income

per capita

$6,469 millions Foreign direct investment net

1.9% Inflation

rate

In 2019, 35% of issues have maturities between 180 days and 1 year

In 2019, 62% of resources were placed to Banks and Financial Entities

In 2019, IPO was US$ 1,931 millions, 33% more than 2018

In the last decade, the average primary auctions were US$ 1,636 millions.

In 2019, from 104 issues, 32% were corporate bonds

Primary Market

3

500

700

900

1100

1300

1500

1700

1900

2100

2300

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Mill

ions

US$

1,931

1,447

Average 10y: US$ 1,636 millions

In 2019, trade value was US$ 5,473 millions, 12% less than 2018

From 34 securities in S&P/BVL Peru General Index, 10 belongs to Mining Sector and accounts for 29% of

market capitalization

As of December 2019, stock market capitalization was US$ 162 millions, 14% more than as of Dec 2018

Secondary MarketIn 2019, the annual yield was 6.1%

4

6,749

7,817 7,617

6,002 5,788

3,516

4,566

8,944

6,208

5,473

2000

3000

4000

5000

6000

7000

8000

9000

10000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

10y average: US$ 6,268 millions

38.3%

11.8%8.0% 7.1%

4.1% 3.6% 3.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

MERVAL S&P 500 SP / BVLPeru

IBOVESPA IPSA IPC COLCAP

Peru -10-year average yield: 8% (Second in the region)

10,701 Portfolio value (Millions US$)

435,847 Number of Shareholders

179 Number of Mutual Funds

13 Number of Managers

Mutual Funds

Collective Investment SchemesAs of Dec 2019, Mutual Funds managed US$ 10,701 millions, 21% more than 2018

5

1,278 Portfolio value (Millions US$)

1,969 Number of Shareholders

49 Number of Investment Funds

22 Number of Managers

Investment Funds As of Sep 2019, Investment Funds managed US$ 1,278 millions, 9% more than 2018

The managed funds and the number of shareholders has double in the last 10 years

$358

$1,278

8

49

0

10

20

30

40

50

60

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2010 2011 2012 2013 2014 2015 2016 2017 2018 sep-18 sep-19

Managed Funds N° Shareholders

Superintendence of Securities Market -SMV

6

SUPERINTENDENCE OF SECURITIES MARKET (SMV)

SUPERINTENDENCE OF BANKING,

INSURANCE AND PENSION FUNDS

Fiscal Policy

MINISTRY OF ECONOMY AND

FINANCE Monetary Policy

CENTRAL BANK

Peruvian Financial Sector: Regulators

Government Regulators

PRUDENTIAL SUPERVISION

MARKET CONDUCTRISKS

R&D

4 Deputy Superintendencies

Superintendence of Securities Market (SMV)

REGULATION SUPERVISION EDUCATION

OBJECTIVE OBJECTIVE OBJECTIVE

Promoting thedevelopment of aorderly market

Ensuring that marketsare fair, efficient andtransparent

The protection ofinvestors

information dissemination

Supervised System

9

16 49 179 254

Securitized Pools / Assets InvestmentFunds Mutual Funds Listing Companies

1 51 7 3521Stock

ExchangeClearing

and Settlement

Credit Rating

Agencies

Securitization Entities Brokers

Fund Managers

Authorized EntitiesPublic Offering

+ 2 Price Suppliers

Dec 2019

Issues in the Peruvian Securities Market

SECURITIES MARKETNEW ISSUERS

FINANCIAL CONGLOMERATESRETAIL INVESTORS

CORPORATE GOVERNANCE

LIQUIDITY

Peruvian Securities Market

February 2020

11

Introductory Presentation – PeruGLOPAC /JFSA 2020Alberto Valdivia Ocampo