Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3
Companhia Brasileira De Distribuicao — Q4 2022 Earnings Presentation
17 slides from Companhia Brasileira De Distribuicao's earnings presentation, Feb 28, 2023
Slide 1: 4Q22 Earnings Presentation
4Q22 EARNINGS PRESENTATION February 28, 2023 1
Slide 2: Disclaimer
DISCLAIMER Statements contained in this release regarding the Company's business outlook, projections of operating / financial profit and loss, the Company's growth potential, and related to market and macroeconomic estimates constitute mere forecasts and were based on the beliefs, intentions, and e
Slide 3: 4Q22 Highlights
4Q22 HIGHLIGHTS Marcelo Pimentel, CEO 3
Slide 4: 4Q22 Highlights: Top line growth and improvements in important indicators
4Q22 HIGHLIGHTS TOP LINE GROWTH AND IMPROVEMENTS IN IMPORTANT INDICATORS 01 TOP LINE¹ 02 NPS Total sales growth of 16.8% e 7.3% on same-store sales¹ vs Progress of +1,960bps vs. 1Q22. Improvement in all 4Q21 banners, highlight to Pão de Açúcar (+2,020bps) Same-stores sales speed up over 3Q22, +7.3
Slide 5: 4Q22 Highlights: Expansion and profitability
4Q22 HIGHLIGHTS TOP LINE GROWTH AND IMPROVEMENTS IN IMPORTANT INDICATORS 02 05 PROFITABILITY 04 EXPANSION Adjusted EBITDA reaches 6.1% in 4Q22 (7.0% in 2022). In 4Q22: Adjusted EBITDA margin recovery plan to 8%/9% in 29 new stores Minuto Pão de Açúcar; 2024, focusing in three frontages: 4 new st
Slide 6: 4Q22 Highlights: ESG & Culture
4Q22 HIGHLIGHTS TOP LINE GROWTH AND IMPROVEMENTS IN IMPORTANT INDICATORS 06 ESG & CULTURE FIGHT AGAINST CLIMATE CHANGE We’ve reached 97% of médium-voltage power consumed in stores from renewable sources (Free Market), target of 100% in 2024. Emission Scopes 1 and 2 within more than 40% of reduction
Slide 7: Financial Performance
FINANCIAL PERFOMANCE Guillaume Gras, CFO 7
Slide 8: Financial Performance New GPA Brazil Proforma: Total Sales
FINANCIAL PERFORMANCE The New GPA Brazil¹ total sales added R$ 5.3 billion in 4Q22, NEW GPA BRAZIL¹ PROFORMA increase of de 12.3% or 16.8% excluding gas stations TOTAL SALES The same-stores growth of 7.3% in comparison to 4Q21, excluding (R$ milhões) +5.2% SAME-STORES gas stations SALES² +6.6% In e-
Slide 9: Financial Performance New GPA Brazil Proforma: EBITDA
FINANCIAL PERFORMANCE NEW GPA BRAZIL¹ PROFORMA EBITDA and ADJUSTED MARGIN Adjusted EBITDA proforma totaled R$ 297 million in 4Q22 and the adjusted EBITDA margin reached 6.1%, vs. 8.4% in 4Q21 8.8% 7.0% The margin reduction was impacted by the gross margin pressure, considering the double-digit infla
Slide 10: Financial Performance Grupo Éxito: Total Sales
FINANCE PERFORMANCE Grupo Éxito total sales totaled R$ 7.8 billion in 4Q22 (-6.8% YoY) GRUPO ÉXITO mainly impacted by strong Colombian peso depreciation vs. Real in the period (-22%). TOTAL SALES (R$ million) +20.8% SAME-STORES Same-stores growth of 17.9% in constant currency in comparison to SALES¹
Slide 11: Financial Performance Grupo Éxito: EBITDA
FINANCIAL PERFORMANCE GRUPO ÉXITO¹ EBITDA AND ADJUSTED EBITDA MARGIN Adjusted EBITDA totaled R$ 599 million in 4Q22. 8.8% Adjusted EBITDA margin reached 8.6% in the 7.8% quarter, reduction of 200bps vs. 4Q21 mainly impacted by the one-off effect in the quarter – 2,153 adjustment of the inventory wit
Slide 12: Net Income Controlling Shareholders Consolidated
NET INCOME CONTROLLING SHAREHOLDERS CONSOLIDATED NORMALIZED NET PROFIT RECONCILIATION OF R$ (146) MILLION 227 -313 309 -127 -146 288 -1,102 288 285 Net profit ICMS CSLL Provision Deferred Income Labor Restructuring Tax credits Tax income on Normalized (Loss) 4Q22 Contingence Tax Colombia (tax contin
Slide 13: Financial Leverage Consolidated
FINANCIAL LEVERAGE CONSOLIDATED Net Debt Evolution – ProForma (R$ million) Net Debt1 & (698) 512 Net Debt¹/Adjusted EBITDA2 (265) (1,726) (2,027) (1,018) 2,158 (990) 2.5x 2.3x 4Q21 ND Operational CAPEX Interest Discontinued Dividends Discontinued 4Q22 ND Generation Activ. Hiper Éxito GPA Brazil + Gr
Slide 14: Segregation Transaction Estimated Schedule Grupo Éxito
SEGREGATION TRANSACTION ESTIMATED SCHEDULE GRUPO ÉXITO 1 Creditor’ Waivers and Debtholders Concluded 2 Filling BDR Level II Program CVM filling concluded 3 Filling ADR Level II Program Ongoing process ESM of GPA Held Capital Reduction 4 Capital Reduction 60 days’ Opposition Period by Creditors Legal
Slide 15: Q&A
Q&A www.gpari.com.br > ZED sean libertad Pyro
Slide 16: Final Messages
FINAL MESSAGES Marcelo Pimentel, CEO 16
Slide 17: Final Message: New GPA Strategic Pillars
FINAL MESSAGE NEW GPA – STRATEGIC PILLARS 17
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