EMPRESAS AQUACHILE S.A. RESULTS FOR 2ND QUARTER September 2015

EMPRESAS AQUACHILE S.A. RESULTS FOR 2ND QUARTER 2015 September 2015

1. About AquaChile 03 2. Quarterly Summary 04 3. Analysis of Results 06 4. Balance Sheet Analysis 14 5. Cash Flow Analysis 15 6. Financial Covenants and Production Indicators 16 7. Relevant Events 18 8. Outlook 21 9. Consolidated Balance Sheet 22 10. Income Statement 23 11. Historical Harvests and Smolts Stocking 24 2

ABOUT AQUACHILE S.A. Is a Chilean company that produces food from aquaculturefarmed species such as Atlantic salmon, Pacific Salmon, Sea Trout and Tilapia. AquaChile has operations in Chile, Costa Rica, Panama and the United States, selling and marketing their products around the world. The company is made up of a group of companies that strategically farm, produce and sell food. It gives employment to more than 5,600 people in Chile, the United States, Costa Rica and Panama (on December 31, 2014) and it is one of the biggest producers of Sea Trout and Pacific Salmon in the world, as well as the main supplier of fresh Tilapia to the United States. AquaChile is the main Salmon and Sea Trout producer in Chile with a 11.9% market share in 2014 in terms of exported net volumes (source: SalmonChile). The company has 150 aquaculture water licenses, giving them a solid base to grow and diversify. The company exports its products to more than 340 customers in more than 30 countries. The company is also an important Tilapia producer in Costa Rica and is starting to harvest Tilapia in Panama, being one of the main suppliers of fresh Tilapia to the United States, with a 20% market share in 2014 (source: Urner Barry) CONTACT EMPRESAS AQUACHILE S.A. Investor Relations investor.relations@aquachile.com Tel. (56-65) 2433600 / 550 For more information, visit www.aquachile.com 03

QUARTERLY SUMMARY AquaChile reported accumulated sales of US$337.9 million on June 30, 2015. This is a 15% decrease in comparison to the same period in 2014 (Δ US$59.6 million). At operating level the EBITDA pre fair value adjustment accumulated for June 2015 (this is before the value adjustment of the fish biomass at fair value) achieved US$-13.8 million, which is less than the US$54.2 million reported during the same period the previous year. The company presented a loss of US$47.6 million in June 2015, this is lower than the US$6.1 million profit reported during the same period the previous year. The exporting price scenario for 2015 in comparison to the same period the previous year was unfavorable for all of species, where the prices dropped for Sea trout (Δ 26%), Atlantic salmon (Δ - 20%), Pacific salmon (Δ 10%) and Tilapia (Δ 4%). In spite of the lower values of the sales reported for the first semester, the farmed fish biomass has presented low mortalities and the harvest weight is good in all the species. 04

QUARTERLY SUMMARY The Company s consolidated sales were a total of US$145.7 million during the 2Q15, which represents a 15% decrease in comparison with the valued sales reported for the 2Q14. It is true that during the second quarter there was a decrease in the sales price of all the species and a decrease in the physical sales of Pacific salmon (Δ - 68%), Sea trout (Δ - 11%), and Tilapia (Δ - 3%) in comparison to the same period the previous year. This could not be compensated by an increase in the physical sales of the Atlantic salmon (Δ + 50%). The consolidated EBITDA reached US$-19.0 million during the 2Q15, in comparison to the US$15.0 million reported for the same period 2014. This is due to the lower margins in all the species sold by the company, mainly explained by the low exporting prices. AquaChile reported a US$35.9 million loss during the 2Q15, in comparison to the US$5.0 million loss reported during the same period the previous year. The main reason for this decrease was the low margin reported for all the species and a recognition of the loss for net effect of valuation of the biomass at fair value of US$-21.1 million. This includes a provision of US$-9.4 million for lower disposal value at harvest of the biomass that is currently in the water (deterioration test), due to the low international price situation. Their projected costs have been compared against the projection of the market prices. The Company s net financial debt totaled US$259.3 million for the 2Q15, showing a US$2.2 million increase at the close of the 4Q14. 05

ANALYSIS OF RESULTS SUMMARY OF MAIN CONSOLIDATED FIGURES figures in thus$ 2q15 2q14 qoq acum 2015 acum 2014 yoy 2014 SALES 145.707 171.737-15% 337.904 397.528-15% 779.106 EBIT PRE FV ADJ. (1) -26.702 7.908 - -29.333 38.898-48.016 EBITDA PRE FV ADJ. (2) -19.008 15.030 - -13.751 54.160-78.444 EBITDA PRE FV ADJ. MARGIN -13,0% 8,8% - -4,1% 13,6% - 10,1% NET INCOME -35.913-5.045-612% -47.584 6.101-1.421 SALMON AND SEA TROUT SALES - WFE TO 20.483 18.527 11% 48.824 49.302-1% 101.541 EBIT / KG WFE SALMON AND SEA TROUT -1,23 0,40-0,56 0,80-0,50 TILAPIA SALES - WFE TONS 4.774 4.914-3% 9.514 10.520-10% 18.577 EBIT / KG WFE TILAPIA -0,31 0,11 - -0,19-0,03-562% -0,13 (1) EBIT Pre FV Adj. (hereinafter, EBIT): Income from ordinary activities minus Cost of Sales (i.e. Gross Earnings pre Fair value), minus Administration Expenses minus Distribution Costs. All these figures are obtained directly from the company Income Statement. (2) EBITDA Pre FV Adj. (hereinafter, EBITDA): Income from ordinary activities minus Cost of Sales (i.e. Gross Earnings pre Fair value), minus Administration Expenses minus Distribution Costs plus Adjustment from Depreciation and Amortization Expenses. All these figures are obtained directly from the Income Statement and the note 16 (PP&E) from the company Financial Statements. Source: AquaChile The Sales Revenue for the quarter reached US$145.7 million, which is less than the US$171.7 million reported during the same period 2014. In fact, the sales revenue for the finished product of Pacific salmon decreased 81% (Δ - US$11.6 million), the Sea Trout by 40% (Δ - US$16.6 million) and Tilapia by 11% (Δ - US$1.6 million). There has also been a 19% decrease in the Other Sales (Δ - US$6.6 million). Even though the sales reported for the Atlantic salmon increased 16% (Δ - US$9.2 million) and the fish feed sales increased 13% (Δ - US$1.2 million) it could not compensate the above. 1 This includes selling the finished products of third parties, organic wastes, eggs, smolts, processing for third parties and laboratory and genetic services. 06

ANALYSIS OF RESULTS QUARTERLY SALES TREND (US$ MILLIONS) 158 152 193 191 202 226 172 158 224 192 146 100 96 56 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 QUARTERLY CONSOLIDATED SALES ANALYSIS (PRICE AND VOLUME EFFECT) (US$ MILLIONS) Sales 2Q14 Atlantic Salmon 22 Sea Trout Pacific Salmon Tilapia Fish Feed Other Income Sales 2Q15 172-13 -13-3 -6-6 -1 0 1-7 146 Price Volume 07

ANALYSIS OF RESULTST QUARTERLY EBITDA TREND (US$ MILLIONS) 39 25 19 15 22 0 2 5-2 -12-12 -18-21 -19 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 QUARTERLY NET INCOME TREND (US$ MILLIONS) 26 2 11-17 -10-17 -2-5 -5-2 -3-12 1Q12-28 -36 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 08

ANALYSIS OF RESULTS Consolidated EBITDA pre Fair Value adjustments for the 2Q15 2 (*) reached US$-19.0 million, in comparison to the US$15.0 million of the same period the previous year. The main reason for this decrease was the lower exporting prices. That is why the EBITDA margin (EBITDA over the revenues) reported during the 2Q15 is -13.0%, in comparison with the 8.8% reported during the same period 2014. The company recognizes a US$-21.1 million loss during the second quarter 2015 for the Net Effect of valuing the biomass at fair value, which is less than the US$-12.5 million loss reported during the 2Q14. The reasons for this are mainly: i) recognition of an adjustment by valuing the fish biomass in the water at US$-25.1 million 3, this is less than the US$+2.6 million reported for the same period the previous year, mainly due to the lower market prices observed for the Salmon and Sea Trout (See Note 10 Biological Assets); and ii) reporting a US$-9.4 million provision for less value of harvest for the biomass that is currently in the water (deterioration test). These projected costs have been compared to the projected market prices. This provision was not necessary to do during the second quarter the previous year. This was partially compensated by, iii) the report of a higher cost due to the effect of valorizing at fair value the harvested and sold biomass during the period at US$+12.6 million, which is higher than the high cost of US$-13,3 million reported for the same period the previous year. This is mainly due to the negative difference presented between the prices that the biological assets of the Atlantic salmon and Sea trout were valued with during the first semester 2014; and ii) the net reversal provision for lower costs of the finished product carried out during the period of US$+0.7 million, this is higher than the US$-1.8 million provision carried out during the same period the previous year. 2 (*): In order to measure financial performance under the IFRS, AquaChile used the EBIT pre Fair Value adjustments parameters (before adjusting the revalue of the fish biomass at fair value). The fair value adjustments of the fish biomass come from a regulation under the IFRS to value the biomass at a fair value. Changes in the price and composition of the biomass during the period can have an impact on its value. AquaChile reported its EBIT before the fair value adjustments to show the performance of its operations during the period. It is important to emphasize that the fish biomass that is being reared and is now at a commercial weight is valued at fair value in accordance to the IFRS and for the effect AquaChile considers the market price, which is obtained for the sales most recently made by the company for the previous month and/or conservatively the price that was observed in the market that could be applied to future sales. Furthermore, AquaChile considers the product that is mainly sold by the company and where there does not exist a niche allowing the company to obtain higher revenues. The company uses the fillet Trim D of Atlantic salmon and the HG (Headed and Gutted) for sea trout and Pacific salmon. It is important to point out that among the fish species that it farms and sells, the company has Pacific salmon, which is a highly seasonal species. For this reason, it normally stocks the farm sites between the months of November and March of each year and harvests between the months of October and February when the fish reach the optimal commercial weights. However, many times the fish that are being reared reach an average weight that is higher than 2.5 kg WFE at the end of December or the 4th quarter of each year, and in accordance to the company s policies, are classified to be valued at fair value, generating an effect on the results due to the natural growth of the biomass. For the fish that have a lower weight than what is established for applying the fair value, the accumulated cost is considered at the end of the year. Furthermore, the company carries out a deterioration test on the biomass that are in the water that are to be harvested when there are adverse situations that could occur that might affect. 3 Includes US$ - 8,3 million change in the fair value of the on-growing biomass as of June 30, 2015 09

ANALYSIS OF RESULTS ANALYSIS OF PHYSICAL SALES, VALUED, AND MARGIN BY SEGMENT 2q15 2q14 qoq acum 15 acum 14 yoy 2014 ATLANTIC SALMON SALES VOLUME TON WFE 13.676 9.127 50% 30.816 22.259 38% 54.335 SALES MUS$ 66.118 56.954 16% 154.615 140.355 10% 318.527 AVERAGE PRICE US$ / KG WFE 4,83 6,24-23% 5,02 6,31-20% 5,86 EBIT MUS$ -15.017-1.185-1167% -20.479 15.582-13.841 EBIT / KG WFE US$ / KG WFE -1,10-0,13-746% -0,66 0,70-0,25 The Atlantic salmon business saw a 16% increase (Δ US$ + 9.2 million) in its income during the 2Q15 in comparison to the same period 2014, due to a 50% increase in the sales volume (Δ + 4.548 WFE tons), which was partially compensated by the 23% decrease in the sales price. On its part the EBIT Pre FV Adj. showed a US$-15.0 million loss in comparison to the US$-1.2 million reported during the same period 2014. At unit level, the EBIT Pre FV Adj. / Kg WFE reached US$-1.10 / Kg WFE (in comparison to the US$-0.13 / Kg WFE for the same time the previous year). The main reason for the decrease observed in the margins is the decrease in the exporting price, which was partially compensated by a decrease in the sales cost. SEA TROUT SALES VOLUME TON WFE 5.961 6.734-11% 10.282 12.995-21% 23.182 SALES MUS$ 25.009 41.645-40% 47.940 82.419-42% 140.395 AVERAGE PRICE US$ / KG WFE 4,20 6,18-32% 4,66 6,34-26% 6,06 EBIT MUS$ -9.467 4.941 - -9.951 14.148-16.534 EBIT / KG WFE US$ / KG WFE -1,59 0,73 - -0,97 1,09-0,71 The Sea trout business saw a 40% (Δ - US$16.6 million) decrease in its income during the 2Q15 in comparison to the same period 2014, due to a 11% decrease ( - 773 WFE tons) in the sales volume and a 32% decrease in the sales price. As for the EBIT Pre FV Adj., it presented a US$-9.5 million loss in comparison to the US$+4.9 million reported for the same period 2014. At unit level, the EBIT Pre FV Adj. / Kg WFE reached US$-1.59 / Kg WFE (in comparison to the US$+0.73 / Kg WFE the same time last year). The observed decrease in margins is mainly explained by the decrease in the exporting price and slightly because of the increase in the sales cost in comparison to the same period 2014. PACIFIC SALMON SALES VOLUME TON WFE 847 2.666-68% 7.726 14.048-45% 24.023 SALES MUS$ 2.800 14.384-81% 33.450 67.584-51% 114.396 AVERAGE PRICE US$ / KG WFE 3,31 5,40-39% 4,33 4,81-10% 4,76 EBIT MUS$ -718 3.613-2.894 9.469-69% 20.079 EBIT / KG WFE US$ / KG WFE -0,85 1,36-0,37 0,67-44% 0,84 The Pacific or Coho Salmon business saw an 81% (Δ - US$11.6 million) decrease in its income during the 2Q15 in comparison with the same period 2014, due to a 68% decrease in its sales volume ( - 1,819 WFE tons) and a 39% decrease in the sales price. For its part, the EBIT Pre FV Adj. demonstrated a US$-0.7 million loss, in comparison to the US$+3.6 million reported for the same period 2014. At unit level, the EBIT Pre FV Adj. / Kg WFE reached US$-0.85 / Kg WFE (in comparison to the US$+1.36 / Kg WFE the same period the previous year). The observed decrease in the margins is mainly explained by the decrease in the exporting price. TILAPIA SALES VOLUME TON WFE 4.774 4.914-3% 9.514 10.520-10% 18.577 SALES MUS$ 13.862 15.489-11% 27.987 32.317-13% 57.213 AVERAGE PRICE US$ / KG WFE 2,90 3,15-8% 2,94 3,07-4% 3,08 EBIT MUS$ -1.499 540 - -1.797-300 -498% -2.438 EBIT / KG WFE US$ / KG WFE -0,31 0,11 - -0,19-0,03-562% -0,13 The Tilapia business saw an 11% (Δ - US$ 1.6 million) decrease in its income during the 2Q15 in comparison to the same period 2014, due to a 3% decrease (Δ - 140 tons WFE) in the sales volume and an 8% decrease in the sales price. The EBIT Pre FV Adj. showed a US$-1.5 million loss in comparison to the US$+0.5 million reported during the same period 2014. At unit level the EBIT Pre FV Adj. / Kg WFE reached US$-0.31 / Kg WFE (in comparison to the US$+0.11 / Kg WFE the same time the previous year). The decrease observed in the margins is mainly explained by the decrease in the exporting price and slightly because there was an increase in the sales cost in comparison to the same period in 2014. TOTAL SALES VOLUME TON WFE 25.257 23.441 8% 58.338 59.822-2% 120.117 SALES MUS$ 107.789 128.471-16% 263.993 322.676-18% 630.531 AVERAGE PRICE US$ / KG WFE 4,27 5,48-22% 4,53 5,39-16% 5,25 EBIT MUS$ -26.702 7.909 - -29.333 38.898-48.016 EBIT / KG WFE US$ / KG WFE -1,06 0,34 - -0,50 0,65-0,40 Source: AquaChile 10

ANALYSIS OF RESULTS CONSOLIDATED INCOME STATEMENT figures in thus$ 2q15 2q14 qoq acum 2015 acum 2014 yoy 2014 SALES 145.707 171.737-15% 337.904 397.528-15% 779.106 OPERATIONAL COST (1) -156.395-147.136 6% -333.808-325.776 2% -665.880 OPERATIONAL MARGIN -10.687 24.601-4.096 71.753-94% 113.226 OTHER COST AND OPERATING EXPENSES (2) -8.321-9.570-13% -17.847-17.592 1% -34.781 EBITDA PRE FV ADJ. -19.008 15.030 - -13.751 54.160-78.444 % EBITDA /Sales -13,0% 8,8% -4,1% 13,6% 10,1% DEPRECIATION & AMORTIZATION -7.694-7.122 8% -15.582-15.262 2% -30.428 EBIT PRE FV ADJ. -26.702 7.908 - -29.333 38.898-48.016 NET REVENUES FROM BIOLOGICAL ASSETS (3) -21.134-12.486-69% -32.146-28.058-15% -31.606 EBIT POST FV ADJ. -47.836-4.578-945% -61.479 10.840-16.411 FINANCIAL EXPENSES -1.973-2.259-13% -4.001-4.587-13% -8.643 FINANCIAL INCOME 138 195-29% 285 329-13% 595 OTHER NON OPERATING ITEMS (4) -1.205-86 -1295% -21 1.145 - -1.764 INCOME TAXES 14.964 1.684 789% 17.632-1.626 - -5.178 NET INCOME -35.913-5.045-612% -47.584 6.101-1.421 % Net Income / Sales -24,6% -2,9% -14,1% 1,5% 0,2% (1) Cost of sales deducted Adjustment from depreciation and amortization expenses (2) Distribution costs plus Administration expenses (3) Fair Value of biological assets harvested and sold plus Fair Value of biological assets for the year (See Note 11 to the Financial Statements. Biological Assets) (4) Other income, by function plus Other expenses, by function plus Exchange rate differences plus Results from adjustment units Note: All the figures are obtained directly from the Income Statement and the note 16 (PP&E) from the company Financial Statements Source: AquaChile 11

ANALYSIS OF RESULTS Operating Costs, saw a total of US$156.4 million in the quarter, 6% higher than the levels reached for the 2Q14. This is explained by the increase in the total exported volume as also the increase of sales costs for the Sea trout and Tilapia. Furthermore, if one compares operating costs (measured as a percentage over sales), this reached 107.3% of revenues, 22 percentage points over the reported percentage for the 2Q14. THE NET FAIR VALUE ADJUSTMENT OF THE BIOMASS Fair Value of the biological assets of the year: The natural growth effect of the fish biomass being reared expressed by its reasonable value at the close of each period (the sales prices minus the estimated costs at the point of sale), is recognized in accordance to the assessment done at each farm site and is based on the existing fish biomass at the close of each month. The details include the total number of fish being reared, their estimated average weight and the cost of the fish biomass. The value is estimated in the calculation according to the average weight the biomass has, multiplied by the value per kilogram seen at market price. The market price is obtained from the international price index or if not from the most recent sales made by the company. The higher or lower resulting value is reported in the Income Statement, under the concept Fair Value of the biological assets of the year. This concept had a US$-34.5 million loss during the 2Q15, in comparison to the US$+2.6 million profit reported for the 2Q14. This concept can be broken down in the following manner: i) US$-25.1 million (US$2.6 million reported for the 2Q14) corresponds to Value adjustment for the fish biomass being raised ; and ii) US$-9.4 million (US$0 million for the 2Q14) correspond to the lower value of the harvesting the biomass currently being raised, which does not affect the fair value, these projected costs have been compared with the projected market prices. On its part the higher cost of the part that was harvested and sold taken from this revaluation is reported in the Income statement under the concept Fair Value of the harvested and sold biological assets which saw a US$+13.3 million profit for the 2Q15 (US$-15.0 million for the 2Q14). This is broken down the following way: i) US$+12.6 million (US$-13.3 million during the 2Q14) correspond to the higher cost for fair value of the harvested and sold biological assets; and ii) US$+0.7 million (US$-1.8 million in the 2Q14) correspond to the provision of the lower net value of the finished products carried out in the period. The net value of both revaluation effects are expressed in the line of Net effect of the fair value adjustment of the biomass which reached US$-21.1 million for the 2Q15. This is lower than the US$-12.5 million reported for the 2Q14. (To see more details see Note 10 of the Financial Statements: Biological Assets). Other Operating Costs and Expenses showed a 13% decrease in comparison with the same period of the previous year. In effect, the distribution costs presented a 16.0% decrease due to a decrease in storage and shipping expenses during the period. The Administration expenses presented an 8.4% decrease. Non-operating results showed a US$-3.0 million loss for the quarter, in comparison with the US$-2.2 million loss for the same period the previous year. Expense for Income Tax presented a US$15.0 million provision which is a positive comparison with the US$1.7 million the same period the previous year. The company presented a US$-35.9 million loss for the 2Q15 in comparison to the US$-5.0 million loss reported for the same period 2014. 12

ANALYSIS OF RESULTS CONSOLIDATED BALANCE SHEET 2013 2014 2015 figures in thus$ 1q13 2q13 3q13 4q13 1q14 2q14 3q14 4q14 1q15 2q15 2q15 o 4q14 CURRENT ASSETS 486.530 440.131 420.735 469.657 496.337 468.978 464.748 480.425 432.476 386.987-19,4% NON CURRENT ASSETS 396.059 409.874 410.542 423.345 410.387 413.430 442.181 419.477 433.614 440.680 5,1% TOTAL ASSETS 882.589 850.005 831.277 893.002 906.724 882.408 906.929 899.902 866.090 827.667-8,0% CURRENT LIABILITIES 200.549 214.043 195.261 221.375 224.698 309.574 307.567 328.405 309.857 321.393-2,1% NON CURRENT LIABILITIES 290.840 272.680 274.664 268.149 267.681 163.534 173.965 150.089 146.500 132.450-11,8% TOTAL LIABILITIES 491.389 486.723 469.925 489.524 492.379 473.108 481.532 478.494 456.357 453.843-5,2% EQUITY 382.443 354.309 352.709 394.173 405.205 400.113 416.401 413.105 401.584 366.060-11,4% MINORITY INTEREST 8.757 8.973 8.643 9.305 9.140 9.187 8.996 8.303 8.149 7.764-6,5% TOTAL EQUITY AND LIABILITIES 882.589 850.005 831.277 893.002 906.724 882.408 906.929 899.902 866.090 827.667-8,0% Source: AquaChile Current Assets presented a 19.4% decrease (Δ - US$93.4 million) in comparison with the observed numbers of the 4Q14. This is mainly explained by: i) a US$51.8 million decrease in the Trade and other receivable accounts, bank accounts mainly associated with the sale of the 2Q15 in comparison to the 4Q14; ii) a US$26.5 million decrease in the Current Biological Assets, associated to the harvesting and selling of salmon during the first semester of the year, to a lower valuation for fair value of the biomass that is being raised reported in June 2015 in comparison to December 2014 and the US$-9.4 million provision for the lower value of harvesting the biomass that is currently being raised, and that has not been valued at fair value; iii) a decrease in the Accounts Receivable of affiliated companies for US$12.1 million; and iv) a US$5.0 million decrease in the account Cash and Cash Equivalent. Non-current assets presented a 5.1% increase (Δ + US$21.2 million) in comparison with the observed numbers of the 4Q14. This is mainly explained by, i) a US$7.6 million increase in the Accounts Receivable with the non-current affiliated companies associated to their reclassification from short to long term; and ii) a US$18.2 million increase in the Assets of the Deferred Taxes. All of the above was partially compensated with a US$5.6 million decrease in the account Properties, Plants and Equipment. The Current Liability showed a 2.1% decrease (Δ US$7.0 million) in comparison with the observed numbers of the 4Q14. The above is explained by the US$21.4 million decrease in the Trade accounts payable and other accounts payable ; and ii) a US$1.2 million decrease in the Accounts payable to current 13

BALANCE SHEET related companies. The above is partially compensated by the US$15.0 million increase in the account Other current financial liabilities mainly due to reclassifying the debt that is due in the next twelve months from the long to short term. The Non-current Liability showed an 11.8% decrease (Δ - US$17.6 million) in comparison with the numbers observed for the 4Q14. This is explained by a US$17.8 million decrease in Other Fi- nancial Non-Current Liabilities associated to the reclassifying of debt from long to short term. Total Equity (including the non-controlling interests) of the company, saw a US$47.6 million decrease in comparison to December 2014, explained by the US$47.6 accumulated loss during the period. AQUACHILE FINANCIAL DEBT 2013 2014 2015 figures in thus$ 1q13 2q13 3q13 4q13 1q14 2q14 3q14 4q14 1q15 2q15 2q15 o 4q14 (I) OTHERS FINANTIAL LIABITIES CURRENT 11.259 25.253 31.409 31.579 34.251 128.546 129.970 133.214 136.232 148.192 11,2% (II) OTHERS FINANTIAL LIABITIES NON CURRENT 281.356 266.039 266.446 262.894 262.812 158.949 158.915 143.312 138.935 125.527-12,4% TOTAL INTEREST BEARING DEBT (I) + (II) 292.615 291.293 297.854 294.473 297.063 287.495 288.885 276.526 275.167 273.719-1,0% CASH AND CASH EQUIVALENTS 37.185 11.201 14.026 17.935 49.697 44.451 21.930 19.483 24.507 14.461-25,8% NET INTEREST BEARING DEBT 255.430 280.091 283.828 276.537 247.366 243.044 266.955 257.043 250.661 259.258 0,9% Source: AquaChile On the other hand, AquaChile s Net financial debt reached US$259.2 million, this is higher than the US$257.0 million reported on December 31, 2014. 14

CASH FLOW ANALYSIS CONSOLIDATED CASH FLOW figures in thus$ acum 2015 2014 acum 2014 NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES 14.000 53.696 47.845 NET CASH FLOWS FROM (USED IN) INVESTMENT ACTIVITIES -12.819-26.811-10.276 NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES -6.051-24.527-10.579 NET INCREASE (DECREASE) OF CASH AND CASH EQUIVALENTS -4.870 1.548 26.990 CASH AND CASH EQUIVALENT AT THE START OF THE PERIOD 19.483 17.935 17.935 CASH AND CASH EQUIVALENT AT THE END OF THE PERIOD 14.461 19.483 44.451 Source: AquaChile The behavior of the consolidated Cash Flow main components on June 30, 2015 in comparison to June 30, 2014 is the following: The company presented a total net cash flow of US$-4.9 million on June 30, 2015. At the same time the previous year there was a US$+27.0 million cash flow reported. The investment activity meant an expenditure of US$-12.8 million on June 30, 2015. At the same period the previous year the expenditure was US4-10.3 million. Financing activities generated a US$-6.1 million cash flow on June 30, 2015, which is less than the US$-10.6 million generated for the same period 2014. The operating activities on June 30, 2015 generated a US$+14.0 million cash flow, lower than the US$+47.8 million reported for the same period 2014. 15

COVENANTS AND PRODUCTION INDICATORS FINANCIAL COVENANTS In June 2015, Empresas AquaChile S.A. agreed with a group of creditors bank leaded by Rabobank the main terms and conditions of a new syndicated loan. To refine the above Empresas AquaChile S.A. and an affiliate on June 23, 2015 agreed with their current creditor banks to extend for thirty days the quotas of the tranches of the bank debt of the company that expired on this day for the amount of US$122,539,638, agreeing to pay in accordance to the stipulated time limit and more on the same day to pre-pay the total of the rest of the debt that expired in 2018. The new syndicated loan on the date that this is published has already been refined considers a financing of up to US$290,000,000 agreed to pay the totality of the bank debt of US$246,289,638 on July 23, 2015. Having generated this additional loan allows the necessary flexibility to assure an efficient and more effective admi- nistration of the stocks in the present business cycle, including the existing bilateral feasibility with the DnB Bank, agency in Chile, under the same loan structure; reducing the number of creditor banks; y later, within the stipulated time limits to restructure the totality of the company s debt to long term in a more favorable market conditions with the prospect of a more stable international market. Even though the company still keeps an inforce credit contract of June 23, 2011 on June 30, 2015, new financial obligations were decided on by signing a new credit contract on July 23, 2015 calculated over the Consolidated Financial Statements of Empresas AquaChile S.A. on June 30, 2105, and on March 31st, June 30th, September 30th and December 31st of the following years which refer to the levels of Equity ratio, Net Financial Debt, Adjusted (NIBD Adjusted) / Adjusted EBITDA, Liquidity, and levels of Maximum Debt, just as it is seen in the following: Financial Covenants* 2q-15 3q-15 4q-15 1q-16 2q-16 3q-16 4q-16 EQUITY RATIO 1 42,5% 42,5% 42,5% 42,5% 42,5% 42,5% 42,5% NIBD ADJUSTED / EBITDA ADJUSTED 2 5,75X 7,25X 7,5X 5,0X 4,5X 4,5X 4,5X LIQUIDITY 3 1,2X 1,2X 1,2X 1,2X 1,2X 1,2X 1,2X MAXIMUM DEBT (M US$) 4 320 320 320 320 320 320 320 (1) Equity Ratio: Ratio between the consolidated cash accounts called Total Equity and Total Assets ; (2) NIBD Adjusted / EBITDA Adjusted: the result of adding the following accounts to the consolidated balance: /a/ Other financial liabilities, current; plus /b/ Other financial liabilities, non-current; plus /c/ Liabilities with suppliers with more than 120 days of duration minus /d/ the cash and cash equivalent. All of the above without considering any financial liability, whether current or noncurrent, suppliers with more than 120 days of duration and cash and cash equivalent of Group ACl and Alitec S.A.. All of the above divided by the EBITDA Adjusted of the last 12 months defined as a result of the following operation: /a/ Total Sales; minus /b/ Sales cost; minus /c/ Administration expenses; minus /d/ Distribution expenses; and plus /e/ Depreciation and amortization expenses, excluding the following consignments /a/, /b/, /c/, /d/ and /e/ of the Group ACl S.A. and Alitec S.A. (3) Liquidity: All of the current assets divided by the total of the current liabilities, excluding from this last one the sum of the indebted amounts under the Restructured Obligations, and excluding from the current asset the fish biomass that is not considered in the harvesting plans of the next following twelve months to the corresponding Measurement Date. According to the agreement, the Current Liability exclude the short term portion of the syndicated loan in force on June 30, 2015. (4) Maximum Debt: Corresponds to the sum of the following accounts from the Consolidated Balance: /a/ Other financial liabilities, current; and /b/ Other financial liabilities, non-current. Considering that the international exporting prices of the salmonid species have lately maintained a low level, the operating results on June 2015 have been affected and the accumulated EBITDA of the last twelve months have not been sufficient to comply with the NIBD adjusted / EBITDA adjusted covenants. Once the banks have met with enough quorums, they have authorized that the 2Q-15 and 3Q-15 of the NIBD Adjusted / EBITDA Adjusted ratio not be measured. 16

COVENANTS AND PRODUCTION INDICATORS Farming densities on June 30, 2015 at the aquaculture grow-out sea licenses per species are the following: i) Atmeasure as of june, 30th 2015 covenant status EQUITY RATIO 45,1% > O EQUAL 42,5% ACCOMPLISH CURRENT LIQUIDITY 2,0 > O EQUAL A 1,2X ACCOMPLISH MAX DEBT 273,7 < O EQUAL US$ 320 MM ACCOMPLISH The company and the owing companies have given a complete compliance to the determined obligations on June 30, 2015 and they have kept all of the substantial aspects of the statements and decided insurances in the Contract for Reprogramming the Liabilities. PRODUCTIVITY INDICATORS 2q15 2q14 acum 15 acum 14 2014 SALMON AND SEA TROUT HARVEST TONS WFE 18.617 15.892 49.980 52.807 108.025 HARVESTED FISH FARMS OR FISH FARMS THAT ARE BEING HARVESTED # 14 13 26 26 40 SALMON AND SEA TROUT HARVEST / HARVESTED FISH FARMS OR FISH FARMS THAT ARE TONS WFE 1.330 1.222 1.922 2.031 2.701 BEING HARVESTED USED FISH FARMS* # 39 41 39 41 40 SALMON AND SEA TROUT HARVEST / USED FISH FARMS* TONS WFE 477 388 1.282 1.288 2.701 FARMING DENSITY** ATLANTIC SALMON KG / M 3 6,26 6,50 6,26 6,50 5,80 PACIFIC SALMON KG / M 3 3,22 2,90 3,22 2,90 7,90 SEA TROUT KG / M 3 4,29 4,30 4,29 4,30 4,90 SURVIVAL CLOSED GROUP*** ATLANTIC SALMON % 83% 87% 87% 88% 86% PACIFIC SALMON % - - 95% 86% 89% SEA TROUT % 88% 89% 89% 87% 86% * Corresponds to fish farms that were in use at the end of the analyzed period. ** Farming density for sea licenses with farming at sea. *** Survival rate of the farmed fish groups closed Sourse: AquaChile The company presented a Salmon and Sea trout harvest (in tons WFE) / harvested farm sites or in harvest ratio during the second quarter of 477 Tons WFE. lantic salmon: 6.26 Kg/ m3; ii) Pacific salmon: 3.22 Kg/ m3; and iii) Sea trout: 4.29 Kg/m3. Furthermore, survival rates oobserved in the groups that closed during the 2Q15 were the following: i) Atlantic salmon: 83%; and iii) Sea trout: 88%. 17

RELEVANT EVENTS RELEVANT EVENTS On January 19, 2015 an Essential Fact was sent communicating that the Company had subscribed a memorandum of understanding (the CTA) with the Norwegian Company Marine Harvest ASA ( Marine Harvest ) with the idea of going forward with the agreements and necessary proceedings to merge Marine Harvest Chile S.A. ( Marine Harvest Chile ), Chilean affiliate of Marine Harvest, with Empresas AquaChile S.A. ( AquaChile ), this last one being the surviving entity (henceforth the Operation ) in agreeing with the stipulated terms and conditions of the CTA. In virtue of the Operation, Marine Harvest Chile is going to merge by incorporation to AquaChile including the recently acquired assets of Acuinova. Immediately after the potential merge, the current shareholders of AquaChile will be owners of 57.2% of the combined entity s shares and Marine Harvest will be owner of 42.8% of this entity s shares. Under the context of the potential merge, Marine Harvest has accepted to keep its shareholding participation in the combined entity up to June 15, 2016. After this, from June 15, 2016 to June 15, 2017, Marine Harvest will have the option of acquiring a higher percentage of the AquaChile s shares through a public acquisition offer ( OPA ) which allows them a minimum of 55% of all AquaChile s shares. The price of this OPA will be the highest between US$0.8856 per share and the market price for the AquaChile share at the moment of the OPA. The minimum price of US$0.8856 per share represents an award of approximately 41% in comparison to the pondered average of AquaChile s share during the last 30 days before this day. On their part, Inversiones Patagonia Limitada, Holding Salmones S.A. and Inversiones Acuícolas S.A., entities where the Puchi and Fischer families currently have a 33.03% of AquaChile, each one, have accepted the compromise of selling a sufficient number of shares at the OPA to assure Marine Harvest 55% of the combined entity, if the OPA is launched. The respective obligations of keeping the share participation of Marine Harvest and the sale in the OPA of Inversiones Patagonia Limitada, Holding Salmones S.A. and Inversiones Acuicolas S.A. will be closed after June 15, 2017. Also, Marine Harvest ASA, Inversiones Patagonia Limitada, Holding Salmones S.A. and Inversiones Acuícolas S.A. will subscribe a definite document with which Inversiones Patagonia Limitada and Holding Salmones S.A. and Inversiones Acuícolas S.A. will have the right to vote up to June 15, 2017 on the amount of shares owned by Marine Harvest that would be necessary for them to choose the majority of the Board of Directors of the combined entity. In virtue of this disposition Marine Harvest, Inversiones Patagonia Limitada, Holding Salmones S.A. and Inversiones Acuícolas S.A. will be members of a controlling group with the agreement of a joint action. Furthermore, Mr. Victor Hugo Puchi will remain as President of the combined entity and will lead the current administration teams in the process of the potential merge and combined business. In conformity to the CTA, the potential merge will be subjected besides the respective agreement of the shareholders meeting of AquaChile that an agreement be made between the parties related with the definite document of the Operation; to the approval of its respective Board of Directors; and in the case of AquaChile their shareholders also; to a reciprocal due diligence process of both Companies; and, to the approval of the relevant authorities. The parties expect that the Operation will be concreted during the third quarter 2015. On April 22, 2015 the Essential Fact was sent informing the eruption of the Calbuco Volcano. It was informed that the company s personnel was evacuated and are safe and sound, and that there were no records that the facilities of Empresas AquaChile S.A. and affiliates were damaged. On April 30, 2015 the Ordinary Shareholders Meeting was held where the following agreements were adopted: The Annual Minutes, Balance, Financial Statements and report from the External Auditing Company were approved. All of these are in reference to the year finished on December 31, 2014. The members that were elected to form part of the Board were Mr. Victor Hugo Puchi Acuña, Mr. Humberto Fischer Llop, Mr. Mario Puchi Acuña, Mr. Claudio Fischer Llop, Mr. Alejandro Pérez Rodriguez, Mr. Piero Solari Donaggio and Ms. Pilar Lamana Gaete, she is as independent. The remuneration of the members of the Board was fixed for 2015; and the expense account of the Board for 2014 was approved. The remuneration for the members of the Board of Directors Committee was fixed as also the budget for the Board of Directors Committee for 2015. The firm PricewaterhouseCoopers was designated as the external independent auditors for examining the accounting, inventory, balance and financial statements of 2015. The El Mostrador Newspaper was designated for the company s publications. On April 30, 2015 an Essential Fact was sent informing that the Board of Director s Meeting was held on April 30, 2015 where they agreed to elect as President of the Board of Empresas AquaChile S.A. Mr. Victor Hugo Puchi Acuña. In the same meeting, la Independent Director Ms. Pilar La- 18

RELEVANT EVENTS mana Gaete proceeded on designating Mr. Huberto Fischer Llop and Mr. Alejandro Pérez Rodriguez to have part in the Board of Directors Committee of the Company together with her, in conformity to what is stated in Article 50bis of the Law Nº 18.046.v On June 9, 2015 an Essential Fact was sent to inform that the possible merge operation with Marine Harvest Chile was cancelled by mutual consent since neither parties could reach a definite agreement. This possible merge was subject to a series of condition precedents, which includes concluding final agreements, a satisfactory conclusion of the due diligence from both parties and the approval of the relevant authorities. AquaChile firmly believes in the importance of consolidating the Chilean salmon industry and they will continue in this endeavor. In June 2015, Empresas AquaChile S.A. agreed with a group of creditors bank leaded by Rabobank the main terms and conditions of a new syndicated loan. To refine the above Empresas AquaChile S.A. and an affiliate on June 23, 2015 agreed with their current creditor banks to extend for thirty days the quotas of the tranches of the bank debt of the company that expired on this day for the amount of US$122,539,638, agreeing to pay in accordance to the stipulated time limit and more on the same day to prepay the total of the rest of the debt that expired in 2018. The new syndicated loan on the date that this is published has already been refined considers a financing of up to US$290,000,000 agreed to pay the totality of the bank debt of US$246,289,638. Having generated this additional loan allows the necessary flexibility to assure an efficient and more effective administration of the stocks in the present business cycle. In the same meeting, the indebted companies make a novation of their loans thus concentrating the new debts in this contract in Empresas AquaChile S.A. making itself the only new debtor. The following is a summary of the main refinancing agreements: a.- The novated and reprogrammed debt is decided on an 18 month bullet time limit (expiration date December 23, 2016). This considers an amount of up to US$290,000,000 which will be destined to pay the totality of the bank debt. Having generated this additional loan allows the necessary flexibility to assure an efficient and more effective administration of the stocks in the present business cycle, including the existing bilateral feasibility with the DnB Bank Agency in Chile, with the same credit structure, to reduce the number of creditor banks, and later, within the time limit, restructure the totality of the Company s debt to long term in favorable market conditions and with the international market expected to be more stable. b.- The applied interest rate corresponds to a Libor rate plus a margin: Libor (180) plus 3.5% annual up to June 23, 2016; Libor (180) plus 4.5% annual since June 23, 2016 to December 23, 2015. c.- Besides certain financial covenants were established. These obligations consider the compliance of some financial indexes (covenants) calculated over the Consolidated Financial Statements of Empresas AquaChile S.A. on June 30, 2105, and on March 31st, June 30th, September 30th and December 31st of the following years which refer to the levels of Equity ratio, Net Financial Debt, Adjusted (NIBD Adjusted) / Adjusted EBITDA, Liquidity, and levels of Maximum Debt. 19

RELEVANT EVENTS financial covenants* 2q-15 3q-15 4q-15 1q-16 2q-16 3q-16 4q-16 EQUITY RATIO 1 42,5% 42,5% 42,5% 42,5% 42,5% 42,5% 42,5% NIBD ADJUSTED / EBITDA ADJUSTED 2 5,75X 7,25X 7,5X 5,0X 4,5X 4,5X 4,5X LIQUIDITY 3 1,2X 1,2X 1,2X 1,2X 1,2X 1,2X 1,2X MAXIMUM DEBT (M US$) 4 320 320 320 320 320 320 320 (1) Equity Ratio: Ratio between the consolidated cash accounts called Total Equity and Total Assets ; (2) NIBD Adjusted / EBITDA Adjusted: the result of adding the following accounts to the consolidated balance: /a/ Other financial liabilities, current; plus /b/ Other financial liabilities, non-current; plus /c/ Liabilities with suppliers with more than 120 days of duration minus /d/ the cash and cash equivalent. All of the above without considering any financial liability, whether current or noncurrent, suppliers with more than 120 days of duration and cash and cash equivalent of Group ACl and Alitec S.A.. All of the above divided by the EBITDA Adjusted of the last 12 months defined as a result of the following operation: /a/ Total Sales; minus /b/ Sales cost; minus /c/ Administration expenses; minus /d/ Distribution expenses; and plus /e/ Depreciation and amortization expenses, excluding the following consignments /a/, /b/, /c/, /d/ and /e/ of the Group ACl S.A. and Alitec S.A. (3) Liquidity: All of the current assets divided by the total of the current liabilities, excluding from this last one the sum of the indebted amounts under the Restructured Obligations, and excluding from the current asset the fish biomass that is not considered in the harvesting plans of the next following twelve months to the corresponding Measurement Date. According to the agreement, the Current Liability exclude the short term portion of the syndicated loan in force on June 30, 2015. (4) Maximum Debt: Corresponds to the sum of the following accounts from the Consolidated Balance: /a/ Other financial liabilities, current; and /b/ Other financial liabilities, non-current. d.- The contract also establishes the possibility of voluntary anticipated amortizations, as also certain information obligations of making or not making this type of agreement their own in favor of the participating banks e.- Also a pledge of 151 aquaculture sea licenses were established as a pledge (accounting value of MUS$21.592 on June 30, 2016) of Empresas AquaChile S.A., Aguas Claras S.A.; Salmones Maullin Ltda. AquaChile S.A. and Salmones Cailin S.A. that will be transformed into mortgages and 5 facilities (accounting value of MUS$32.169 on June 30, 2015) that would constitute a guarantee. f.- Aguas Claras S.A. and Salmones Maullin Ltda will be sureties and reciprocal solidary co-debtors in favor of the Banks to assure that the obligations assumed by the Debtors will be complied with in the terms, conditions and established limitations in the Contract. g.- The shares of AquaChile S.A., Salmones Maullin, Aguas Claras S.A., Antarfish S.A. will be a pledge in favor of the Creditors to guarantee that all the obligations assumed by them will be complied with. 20

OUTLOOK GROWTH IN THE HARVESTING VOLUME PROJECTED FOR THE 3Q15 - A 4% decrease in total harvests in comparison with the same period the previous year - A 5% decrease in Salmon harvests in comparison with the same period the previous year - A 0.4% increase in Tilapia harvests in comparison with the same period the previous year The harvesting plans for the third quarter 2015 project 21,235 WFE tons of Salmon and Sea trout, and 4,513 WFE tons of Tilapia. HISTORICAL AND PROJECTED HARVESTS 2011 2012 2013 2014 2015 2011 2012 2013 1q14 2q14 3q14 4q14 2014 1q15 2q15 3q15 qoq tons wfe Real Real Real Real Real Real Real Real Real. Real Proy. 2015/2014 ATLANTIC SALMON 15.224 17.132 53.119 14.720 10.108 17.636 16.431 58.895 20.092 13.554 14.416-18% TROUT 26.458 33.104 28.139 11.073 5.784 4.697 4.211 25.765 4.636 5.063 5.951 27% PACIFIC SALMON 25.578 34.574 20.994 11.122 0 0 12.243 23.365 6.636 0 868 - TOTAL SALMONIDS 67.260 84.811 102.252 36.915 15.892 22.332 32.886 108.025 31.363 18.617 21.235-5% TILAPIA COSTA RICA & PANAMA 17.232 21.341 23.806 5.633 4.853 4.493 3.605 18.584 4.924 4.731 4.513 0% TOTAL SALMONIDS AND TILAPIA 84.492 106.152 126.058 42.548 20.745 26.826 36.490 126.609 36.287 23.348 25.748-4% 2011 2012 2013 2014 2015 Var % AoA y ToT FY FY FY 1q14 2q14 3q14 4q14 2014 1q15 2q15 3q15 ATLANTIC SALMON 2014% 13% 210% 96% -39% 16% 19% 11% 36% -23% -18% TROUT -9% 25% -15% -7% 9% -19% -19% -8% -58% 8% 27% PACIFIC SALMON 24% 35% -39% 18% 6% 11% -40% TOTAL SALMONIDS 34% 26% 21% 28% -27% 6% 8% 6% -15% -17% -5% TILAPIA COSTA RICA & PANAMA -9% 24% 12% -7% -27% -31% -22% -22% -13% 5% 0% TOTAL SALMONIDS AND TILAPIA 22% 26% 19% 22% -27% -3% 4% 0% -15% -13% -4% Source: AquaChile It is not AquaChile s policy to make public the projections of their results or the variables that can impact them in an important way. Nevertheless, we are expecting that Salmon and Sea Trout international export prices to remain the same or continue to rise, taking into consideration that the Chilean industry has moderated its fish stocks, the Norwegian industry has reached its production limits and the supply of salmon is expected to grow in the short and medium term in accordance with the growth of demand, which still remains robust in all of the markets where the company sells to. 21

CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE 2013 2014 2015 figures in thus$ 1q13 2q13 3q13 4q13 1q14 2q14 3q14 4q14 1q15 2q15 2q15 o 4q14 CURRENT ASSETS 486.530 440.131 420.735 469.657 496.337 468.978 464.748 480.425 432.476 386.987-19% CASH AND CASH EQUIVALENTS 37.185 11.201 14.026 17.935 49.697 44.451 21.930 19.483 24.507 14.461-26% OTHER FINANCIAL ASSETS - CURRENT 0 0 0 0 0 0 0 0 0 0 0% OTHER NON FINANCIAL ASSETS - CURRENT 4.459 2.867 2.455 1.263 2.548 3.242 2.195 2.389 3.907 3.260 36% ACCOUNTS RECEIVABLES - CURRENT 82.551 95.977 79.577 88.184 117.802 73.314 72.515 106.557 72.207 54.776-49% ACCOUNTS RECEIVABLESWITH RELATED COMPANIES - CURRENT 8.018 8.697 6.925 23.910 8.668 20.974 18.513 19.938 16.047 7.864-61% BIOLOGICAL ASSETS - CURRENT - INVENTORY 347.044 316.223 311.728 332.538 311.850 325.045 347.675 327.360 310.922 302.569-8% TAX ASSETS - CURRENT 7.273 5.166 6.024 5.827 5.772 1.952 1.919 4.697 4.886 4.057-14% NON CURRENT ASSETS 396.059 409.874 410.542 423.345 410.387 413.430 442.181 419.477 433.614 440.680 5% OTHER FINANCIAL ASSETS - NON CURRENT 11.378 11.378 11.378 11.378 11.378 11.378 11.378 11.378 11.378 11.378 0% OTHER NON FINANCIAL ASSETS - NON CURRENT 1.117 1.052 1.071 1.013 933 857 790 737 684 675-8% DOCUMENTS RECEIVABLES - NON CURRENT 150 150 150 150 150 150 150 150 150 150 0% ACCOUNTS RECEIVABLES WITH RELATED COMPANIES - NON CURRENT 1.972 2.018 2.105 2.222 2.380 2.670 2.812 3.454 11.225 11.083 221% INVESTMENTS USING PARTICIPATION METHOD 3.482 3.727 3.737 1.413 1.339 1.403 1.164 974 922 913-6% INTANGIBLE ASSETS 37.479 37.652 37.712 40.728 40.707 40.676 40.856 40.949 40.987 41.016 0% GOODWILL 59.349 59.423 59.314 54.989 54.989 54.989 54.989 53.247 53.247 53.247 0% PROPERTIES, PLANTS & EQUIPMENTS 201.630 204.053 202.376 234.017 230.203 228.224 228.067 222.239 220.136 216.673-3% BIOLOGICAL ASSETS - NON CURRENT 23.395 27.062 28.409 26.251 20.515 23.715 24.019 24.425 29.228 25.379 4% ASSETS BY DEFERRED TAX 56.107 63.359 64.290 51.184 47.793 49.368 77.956 61.924 65.657 80.166 29% TOTAL ASSETS 882.589 850.005 831.277 893.002 906.724 882.408 906.929 899.902 866.090 827.667-8% CURRENT LIABILITIES 200.549 214.043 195.261 221.375 224.698 309.574 307.567 328.405 309.857 321.393-2% OTHER FINANCIAL LIABILITIES, CURRENT 11.259 25.253 31.409 31.579 34.251 128.546 129.970 133.214 136.232 148.192 11% ACCOUNTS PAYABLE - CURRENT 172.493 159.021 134.733 167.311 164.011 160.296 160.873 177.310 157.999 155.899-12% ACCOUNTS PAYABLES WITH RELATED COMPANIES - CURRENT 13.943 25.551 23.714 20.340 19.605 18.004 16.108 17.335 14.805 16.151-7% LIABILITIES FOR CURRENT TAXES 189 11 0 1.896 1.964 23 38 39 67 142 266% PROVISIONS FOR EMPLOEYEE BENEFITS - CURRENT 469 518 592 249 700 721 578 507 754 1.009 99% OTHER NON FINANCIAL LIABILITIES - CURRENT 2.196 3.689 4.813 0 4.167 1.984 0 0 0 0 0% NON CURRENT LIABILITIES 290.840 272.680 274.664 268.149 267.681 163.534 173.965 150.089 146.500 132.450-12% OTHER FINANCIAL LIABILITIES, NON CURRENT 281.356 266.039 266.446 262.894 262.812 158.949 158.915 143.312 138.935 125.527-12% OTHER ACCOUNTS PAYABLE - NON CURRENT 1.151 1.020 1.018 1.267 1.125 1.048 967 1.409 1.179 1.156-18% OTHER PROVISIONS - NON CURRENT 0 0 0 0 0 0 0 1.575 1.575 1.575 0% LIABILITIES BY DEFERRED TAX 8.332 5.621 7.200 3.988 3.744 3.537 14.083 3.793 4.811 4.192 11% TOTAL LIABILITIES 491.389 486.723 469.925 489.524 492.379 473.108 481.532 478.494 456.357 453.843-5% EQUITY 382.443 354.309 352.709 394.173 405.205 400.113 416.401 413.105 401.584 366.060-11% MINORITY INTEREST 8.757 8.973 8.643 9.305 9.140 9.187 8.996 8.303 8.149 7.764-6% TOTAL EQUITY AND LIABILITIES 882.589 850.005 831.277 893.002 906.724 882.408 906.929 899.902 866.090 827.667-8% Source: AquaChile 22