Almacenes Exito SA · BVC:EXITO
Almacenes Exito SA — Grupo Éxito — Q3 2015 Earnings Presentation
15 slides from Almacenes Exito SA's earnings presentation, Nov 30, 2015
Slide 1: 3Q15 Financial Results
3Q15 Financial Results November 30, 2015 El Reconocimiento IR otorgado por la Bolsa de Valores de Colombia S.A. no es una certificación sobre la bondad de los valores inscritos ni sobre la solvencia del emisor. Así mismo, no implica una certificación sobre la calidad y veracidad del contenido, sólo
Slide 2: Disclaimer
Disclaimer Grupo Éxito attended their accounting duties until 2014 under the rules and accounting principles generally accepted in Colombia, according to the Decrees 2649 and 2650 of 1993 and other applicable regulations. Additionally, in parallel, Grupo Éxito prepared the Consolidated Opening State
Slide 3: Agenda
Agenda 3Q15 and 9M15 Consolidated Financial Results Strategy Follow-Up 2015 Q&A Session
Slide 4: Consolidated Income Statement
Consolidated Income Statement Grupo Éxito Consolidated Income Statement In millions of COP 3Q15 * 3Q14 ** % Var 9M15 9M14 ** % Var Sales 7,017,358 2,315,558 203.1% 12,892,688 7,111,056 81.3% Other Revenues 408,162 81,843 398.7% 577,715 231,459 149.6% Total Net Revenues 7,425,520 2,397,401 209.7% 13,
Slide 5: 3Q15 & 9M15 IFRS Financial Results
3Q15 & 9M15 IFRS Financial Results 3Q15 9M15 Total Sales % Var. Total Total Sales % Var. Total %Var. SSS %Var. SSS (Bn COP) Sales (Bn COP) Sales Grupo Éxito Sales 7,017 203.1% 12,893 81.3% Total Colombia 2,416 11.0% 1.8% 7,325 10.1% -0.3% Éxito 1,606 0.3% 1.9% 4,933 -1.2% -1.0% Carulla 368 1.8% -0.3
Slide 6: 3Q15 & 9M15 IFRS Financial Results
3Q15 & 9M15 IFRS Financial Results Gross Profit +208.2% +88.3% 3,457 1,913 1,836 621 25.9% 25.8% 25.0% 25.7% 3Q14 3Q15 9M14 9M15 SG&A +221.9% +93.6% 2,834 1565 1,464 486 20.3% 21.1% 19.9% 21.0% 3Q14 3Q15 9M14 9M15
Slide 7: 3Q15 & 9M15 IFRS Financial Results
3Q15 & 9M15 IFRS Financial Results Recurring Operating Income +158.5% 348 +67.5% 623 372 135 5.6% 4.7% 5.1% 4.6% 3Q14 3Q15 9M14 9M15 ROI by Segments 3Q15* 9M15* MM COP % Net Rev. MM COP % Net Rev. Grupo Éxito* 348.2 4.7% 622.7 4.6% Total Colombia 130.6 5.2% 338.0 4.5% Total Brazil 187.5 4.4% 187.5 4
Slide 8: 3Q15 & 9M15 IFRS Financial Results
3Q15 & 9M15 IFRS Financial Results Net Income Group Share +29.6% +23.4% 378 148 306 114 4.8% 2.0% 4.2% 2.8% 3Q14 3Q15 9M14 9M15 Positive contribution of GPA and Libertad Non-recurrent expenses amounted COP $69.059 millions in 3Q15
Slide 9: Net Financial Debt
Net Financial Debt All figures in BnCOP Sep 15 Short term debt (1) 4,146 Long term debt 7,449 Total gross debt 11,595 Cash and equivalents - 4,965 Net Debt 6,630 EBITDA Proforma (2) 4,658 Net Debt/EBITDA Proforma 1.4 X Forecasted Consolidated Pro-forma Net debt / Ebitda ratio at year end: 0.3x Forec
Slide 10: Expansion Follow-up
Expansion Follow-up Opennings Total Stores 9M15 9M15 September September Stores Ksqm Stores Ksqm Grupo Éxito 125 79 2,561 3,801 Brasil 93 64 1,925 2,786 Colombia 24 13 548 819 Uruguay 8 2 61 82 Argentina 0 0 27 115 Total CAPEX of COP$8.351 Bn 9M15. Including acquisition of GPA and Libertad of COP $5
Slide 11: Real Estate
Real Estate More than 300.000 sqm of GLA, 9 Shopping Center operating, 2 recently opened and 3 more under construction in Colombia. Consolidated 790.000 sqm in South America. Shopping Centers Openings Under Construction Envigado Wajiira Medellín Villavicencio Riohacha GLA: 100.000sqm Villavicencio B
Slide 12: Strong value added through synergies implementation
Strong value added through synergies implementation Unlocking synergies Key know-how Expert country Structure Cash & Carry expertise Brazil Margin on additional revenues • Cash & Carry CEO • Textile Textile business model Colombia Retail President • Premium proximity for hypermarkets VP of Internati
Slide 13: Conclusions
Conclusions Group Éxito results driven by strong net income growth: Colombia: positive quarter with LFL rebound and good level of profitability, despite an unfavorable mix of margin and inflation pressure in the costs. Brazil: good resilience thanks to food perimeter within difficult macroeconomic e
Slide 14: Appendix: Exchange Rates
Appendix Exchange Rates Closing Rates Average Rates Currency Sep 15 Dec 14 Jan 14 Sep 15 Sep 14 Uruguyan Peso 107.36 98.18 89.94 106.40 81.20 Brazilian Real 784.02 - - 786.42 - Argentine Peso 331.46 - - 327.51 -
Slide 15: Note on Forward-Looking Statements
Note on Forward-Looking Statements This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Gr