Smu Sa · BCS:SMU

Smu Sa — Q3 2017 Earnings Presentation

14 slides from Smu Sa's earnings presentation, November 2017

  1. Slide 1: Earnings Presentation: First 9 Months and 3rd Quarter 2017

    EARNINGS PRESENTATION: F I R S T 9 M O N T H S A N D 3 RD Q U A R T E R 2 0 1 7 NOVEMBER 2017

  2. Slide 2: Caution Regarding Forward-Looking Statements

    CAUTION REGARDING FORWARD-LOOKING STATEMENTS THIS PRESENTATION MAY CONTAIN FORWARD-LOOKING STATEMENTS. W E HAVE BASED ANY SUCH FORWARD-LOOKING STATEMENTS LARGELY ON OUR CURRENT BELIEFS, EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS AND FINANCIAL TRENDS AFFECTING OUR BUSINESS. ALTHOUGH MANAGEMENT

  3. Slide 3: Consolidated Revenue and Gross Profit

    CONSOLIDATED REVENUE AND GROSS PROFIT REVENUE – FIRST NINE MONTHS (CLP BN)(1) REVENUE – THIRD QUARTER (CLP BN)(1) 1.845 1.810 629 621 1.709 578 541 1.605 27,1% 26,4% 26,8% 26,4% 25,3% 25,1% 24,2% 23,7% 9M14 9M15 9M16 9M17 3Q14 3Q15 3Q16 3Q17 REVENUE GROSS MARGIN REVENUE GROSS MARGIN CONSOLIDATED REV

  4. Slide 4: Revenue by Format

    REVENUE BY FORMAT 9M17 VS 9M16 REVENUE BY FORMAT (CLP BN) HIGHLIGHTS  STRONG PERFORMANCE IN UNIMARC SUPERMARKETS: +3.3%  LOWER CASH & CARRY REVENUES DUE TO CHANGE IN MAYORISTA 10 VALUE PROPOSITION, BUT WITH POSITIVE GROWTH IN 3Q17  STRONG PERFORMANCE IN PERU: +15.8%  LOWER CONSTRUCTION MATERIALS

  5. Slide 5: Food Retail Segment: Same-Store Sales and Sales/m2

    FOOD RETAIL SEGMENT: SAME-STORE SALES AND SALES/M2 SSS AND SALES/SQUARE METER – FIRST NINE MONTHS(1)(2) SSS AND SALES/SQUARE METER – THIRD QUARTER 301 309 293 304 278 284 254 263 5,2% 8,6% 4,9% 7,4% 7,3% 5,6% 2,2% 1,3% 9M14 9M15 9M16 9M17 3Q14 3Q15 3Q16 3Q17 SALES/M2 (CLP THOUS.) SSS (%) SALES/(CLP

  6. Slide 6: Consolidated Operating Expenses

    CONSOLIDATED OPERATING EXPENSES(1) OPERATING EXPENSES – FIRST NINE MONTHS OPERATING EXPENSES – THIRD QUARTER (CLP BN)(2) (CLP BN) (2) 396 398 355 381 134 129 133 121 24,7% 24,8% 21,1% 21,6% 20,8% 21,0% 20,8% 21,1% 9M14 9M15 9M16 9M17 3Q14 3Q15 3Q16 3Q17 OPEX OPEX/REVENUE OPEX OPEX/REVENUE CENTRALIZA

  7. Slide 7: Consolidated EBITDA

    CONSOLIDATED EBITDA(1) CONSOLIDATED EBITDA – FIRST NINE MONTHS CONSOLIDATED EBITDA – THIRD QUARTER (CLP BN)(2) (CLP BN) (2) 102 97 35 36 78 24 41 5.4% 5.5% 5.7% 5.7% 4.6% 12 2.5% 2.2% 4.2% 9M14 9M15 9M16 9M17 3Q14 3Q15 3Q16 3Q17 EBITDA EBITDA MARGIN EBITDA EBITDA MARGIN 9M17 CONSOLIDATED EBITDA: CLP

  8. Slide 8: EBITDA by Segment

    EBITDA BY SEGMENT FOOD RETAIL – FIRST NINE MONTHS FOOD RETAIL – THIRD QUARTER (CLP BN) (CLP BN) 99 93 34 35 6.0% 6.0% 6.1% 5.7% 9M16 9M17 3Q16 3Q17 EBITDA EBITDA MARGIN EBITDA EBITDA MARGIN CONSTRUCTION MATERIALS – FIRST NINE MONTHS CONSTRUCTION MATERIALS – THIRD QUARTER (CLP BN) (CLP BN) 4.0 2.8 2.

  9. Slide 9: Consolidated Net Income

    CONSOLIDATED NET INCOME NET INCOME – FIRST NINE MONTHS (CLP BN) NET INCOME – THIRD QUARTER (CLP BN) 11 9 0.4 3.7 (3.0)% (2.3)% 0.6% 0.5% 0.1% 0.6% (5.9)% (7.8)% -39 (17.0) (38.0) -95 9M14 9M15 9M16 9M17 NET INCOME NET MARGIN 3Q14 3Q15 3Q16 3Q17 NET INCOME NET MARGIN CONSOLIDATED NET INCOME:  9M17:

  10. Slide 10: Recent Highlights

    RECENT HIGHLIGHTS PLAN CIMA UPDATE AGREEMENT FOR SALE OF CONSTRUMART  CUSTOMER EXPERIENCE:  BINDING AGREEMENT SIGNED NOV. 9, 2017  STORE UPGRADES: 3 RE-INAUGURATIONS IN  PRICE OF ASSETS: CLP 54 BILLION OCTOBER-NOVEMBER  LESS NET FINANCIAL DEBT AND OTHER HABITUAL  OPERATING EFFICIENCY: ADJUSTME

  11. Slide 11: Credit Rating Upgrades

    CREDIT RATING UPGRADES CREDIT RATING UPGRADES DURING 2H17  FELLER RATE: CHANGE IN OUTLOOK FROM BB- (STABLE OUTLOOK) TO BB- (POSITIVE OUTLOOK) IN AUGUST FOLLOWING ANNUAL REVIEW  HUMPHREYS: UPGRADE FROM BB- (FAVORABLE OUTLOOK) TO BB (STABLE OUTLOOK) IN NOVEMBER FOLLOWING ANNUAL REVIEW  STANDARD & P

  12. Slide 12: Financial Debt

    FINANCIAL DEBT PROCEEDS FROM IPO AND LOCAL BONDS PRIMARILY FINANCIAL DEBT (EXCL. FINANCIAL LEASES(1)) USED TO PREPAY/REPAY DEBT:  RELATED-PARTY DEBT: APPROX. CLP 95 BN AS OF DEC. 31, 2016 AS OF SEPT. 30, 2017  DEBT WITH FINANCIAL ENTITIES: APPROX. CLP 80 BN  SERIES C LOCAL BOND: APPROX. CLP 55 BN

  13. Slide 13: Debt Maturity Profile

    DEBT MATURITY PROFILE DEBT MATURITY PROFILE AS OF SEPTEMBER 30, 2017 (1) (CLP BN) 251 103 76 84 39 11 2017 2018 2019 2020 2021 2022+ LOCAL BONDS INTERNATIONAL BOND BANK DEBT SOURCE: COMPANY INFORMATION (1) EXCLUDES FINANCIAL LEASES. AS OF SEPTEMBER 30, 2017, SMU’S FINANCIAL LIABILITIES INCLUDED FINA

  14. Slide 14: Earnings Presentation: First 9 Months and 3rd Quarter 2017

    EARNINGS PRESENTATION: F I R S T 9 M O N T H S A N D 3 RD Q U A R T E R 2 0 1 7 NOVEMBER 2017

SMU — Q3 2017 Earnings Presentation on 6ix