Almacenes Exito Sa · BVC:EXITO
Almacenes Exito Sa — Q2 2011 Earnings Presentation
18 slides from Almacenes Exito Sa's earnings presentation, Jul 26, 2011
Slide 1: 2Q 2011 Results
results! Ee July 26, 2011
Slide 2: Forward-looking statements disclaimer
This presentation may contain forward-looking This presentation may contain forward-looking statements regarding expected developments and statements regarding expected developments and expectations about future events. These statements expectations about future events. These statements are subject
Slide 3: Agenda
1. Macroeconomic Variables Variables 2. 2Q 11 Highlights 3. 2Q 11 Financial Results 4. Working Capital 5. Strategy Follow-Up 6. Q&A Session Éxito Express Colina
Slide 4: GDP vs. Retail Industry GDP
GDP vs. Retail Industry GDP 6.7% 5.1% GDP grew 5.1% in 1Q 11 compared to 4.1% in 1Q 10. 3.6% Mining, retail and industry 4.1% sectors drove the expansion. 6.0% Retail industry GDP 4.3% expanded 6.7% in 1Q 11 Source: DANE exceeding overall GDP growth. Retail Industry GDP Growth Total GDP Growth Annua
Slide 5: Exclusive Novelties and Promotions
Exclusive Novelties: Promotion of new Exclusive Novelties: Promotion of new album releases, Lady Gaga's (Born this Way) album and releases, Julio Iglesias Lady Gaga's (Número Uno).(Born this Way) and Julio Iglesias (Número Uno). Hosts of the first edition of Colombia es Hosts of the first edition of
Slide 6: Expansion & Conversion Plan
Expansion && Conversion Expansion Conversion Plan Plan atat Intermediateand Intermediate andLarge LargeCities: Cities: 1414 openings: openings: 9 9 Exito Exito stores, stores, 2 2 Carulla Carulla supermarketsand supermarkets and3 3Bodega BodegaSurtimax. Surtimax. 1616conversions: conversions:1313tot
Slide 7: 2,101,829 21.0% 3,965,682 14.6% 2,101,829 21.0% 3,965,682 .6% 515,168 20.5% 973,002 16.5% 515,168 20.5%
2,101,829 21.0% 3,965,682 14.6% 2,101,829 21.0% 3,965,682 14.6% 515,168 20.5% 973,002 16.5% 515,168 20.5% 973,002 16.5% 24.5% 24.5% 24.5% 24.5% 89,957 54.5% 148,105 39.1% 89,957 54.5% 148,105 39.1% 4.3% 3.7% 4.3% 3.7% 65,645 95.6% 108,607 95.2% 65,645 95.6% 108,607 95.2% 3.1% 2.7% 3.1% 2.7% 164,385
Slide 8: Net Revenues
+21.0% 2,102 1,737 Net Revenues +14.6% 3,966 3,462 •Figures in COP Bn (000,000,000) 8
Slide 9: Market share (Source: ACNielsen)
42.0% 25.4% 19.6% 13.0% •Source: ACV Nielsen 9
Slide 10: Gross Profit
+20.5% 515 427 24.6% 24.5% Gross Profit +16.5% 973 835 24.1% 24.5% Gross margin •Figures in COP Bn (000,000,000) 10
Slide 11: SG&A
+15.2% 369 425 21.3% 21.3% 20.2% SG&A +13.2% 825 729 21.1% 21.1% 20.8% SG&A/Net Revenues (%) •Figures in COP Bn (000,000,000) 11
Slide 12: Operating Income
+54.5% 90 58 3.4% 4.3% Operating Income +39.1% 148 106 3.1% 3.7% Operating Margin •Figures in COP Bn (000,000,000) 12
Slide 13: EBITDA
+28.7% 128 164 7.4% 7.8% EBITDA +19.6% 296 248 7.2% 7.5% EBITDA Margin •Figures in COP Bn (000,000,000) 13
Slide 14: Net Income
+95.6% 66 34 1.9% 3.1% Net Income +95.2% 109 56 1.6% 2.7% Net Margin •Figures in COP Bn (000,000,000) 14
Slide 15: Working Capital
Working Capital June 2010 June 2011 -280,347 Freed up COP 259,985 m -540,332 Working Capital favorable position of COP $259,985 million (equity tax effect included). 15
Slide 16: Real Estate and Credit Card
32 projects developed in 2Q 11 (openings, conversions and remodeling). Real Estate More than 40 projects ongoing in large and medium cities will increase the Gross leaseable area more than 130,000 sqm. Éxito More than 1.3 million credit cards Credit Card issued. 16
Slide 17: Travel Agencies and E-commerce
Second largest travel agency in Travel Colombia. Agencies Network of 61 agencies in 20 cities. Retail leader in on-line sales. E-commerce Traffic increased over 2x and sales increase 8x compare to 2010 . Well 59 Surtimax Positioned 28 Exito Express Formats 17
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