Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3
Companhia Brasileira De Distribuicao — Q4 2023 Earnings Presentation
16 slides from Companhia Brasileira De Distribuicao's earnings presentation, Feb 22, 2024
Slide 1: 4Q23 Earnings Presentation
4Q23 EARNINGS PRESENTATION February 22th, 2024 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: 4Q23 & 2023 Highlights
4Q23 & 2023 HIGHLIGHTS Marcelo Pimentel, CEO 3
Slide 4: 4Q23 and 2023 Highlights
4Q23 and 2023 HIGHLIGHTS GPA Gross Revenue Consistency and continuous improvement of results, with Adjusted EBITDA margin of 7.7% in the quarter – the best result in eight quarters +5.9% Same Store +4.3% • R$ 907 million of operational Cash Generation(1) in 2023, with an improvement of R$ 1.4 billio
Slide 5: 4Q23 Strategic Pillars Highlights
4Q23 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 01 TOP LINE Growth in same-store sales, driven, once more, by volume growth Consistency in market share(1) gains, growth by the fifth consecutive quarter, concomitantly with profitability improvement +0.3 p.p.
Slide 6: 4Q23 Strategic Pillars Highlights
4Q23 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 04 EXPANSION 12 stores opened in 4Q23 11 Proximity stores: 9 Minuto Pão de Açúcar and 2 Mini Extra 1 store of Pão de Açúcar in the city of Itu, São Paulo 61 stores opened in 2023 56 Proximity stores: 49 Minu
Slide 7: 4Q23 Strategic Pillars Highlights
4Q23 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 06 ESG & CULTURE Promotion of diversity and inclusion Women in leadership positions reach 41% in 2023 vs. 38% in 2022 Since the beginning of the year, we have had 78 women promoted and 44 women hired into leadership
Slide 8: Financial Performance
FINANCIAL PERFORMANCE Rafael Russowsky, CFO 8
Slide 9: Financial Performance: Total Sales
Total sales of GPA totaled R$ 5.6 billion in 4Q23 with an increase of FINANCIAL PERFORMANCE 6.3% TOTAL SALES (R$ million) Same Store Sales growth of 4.3% compared to 4Q22 +4.3% SAME STORES +5.9% SAME STORES In e-commerce, Gross Sales grew by 20% (R$ 538 million in 4Q23 SALES SALES (+20% vs. 4Q22) an
Slide 10: Financial Performance: Profitability
FINANCIAL PERFORMANCE PROFITABILITY GROSS PROFIT (R$ million) & MARGIN (%) +3.1 p.p. +0.6 p.p. Gross margin improvement, as a result of (i) commercial negotiation improvement; (ii) 26.9% 26.6% 25.7% shrinkage reduction, and (iii) efficiency gains in 23.8% 24.4% 24.8% 25.1% 22.6% operational costs an
Slide 11: Financial Performance: Net Income/Loss
FINANCIAL PERFORMANCE NET INCOME/LOSS NET INCOME/LOSS CONTINUED ACTIVITIES DISCONTINUED ACTIVITIES (R$ million) (R$ million) Net Income/Loss from continued activities with an +185 +615 improvement of R$ 185 million vs. 4Q22, contribution from the increase in operating results -87 and reduction in ot
Slide 12: Financial Performance: Operational Cash Flow
FINANCIAL PERFORMANCE OPERATIONAL CASH FLOW(1) QUARTER ANNUAL (R$ million) (R$ million) +20 1,439 1,126 1,145 907 Operational Cash Flow(1) of R$ 1,145 million in 4Q23, an increase of R$ 20 million vs. 4Q22, as a result of operational improvement and reduction of inventories in days of COGS Operation
Slide 13: Financial Performance: Net Debt
FINANCIAL PERFORMANCE NET DEBT(1) (R$ million) -721 169 728 3,023 174 248 200 164 789 113 2,302 Operational Cash Flow(2) R$ 1,145 million 1,513 3Q23 Cash Flow bf. WK Goods var. Other Op. Asset Assets Capex adjusted Other Op. Net Financial 4Q23 Cash in Éxito 4Q23 After Net Debt Income Tax & Liabiliti
Slide 14: Q&A
Q&A www.gpari.com.br Qn ti PGodeActicar
Slide 15: Final Messages
FINAL MESSAGES Marcelo Pimentel, CEO 15
Slide 16: Final Messages: GPA – Strategic Pillars
FINAL MESSAGES GPA – STRATEGIC PILLARS 16
GPA (Companhia Brasileira de Distribuição) — Q4 2023 Earnings Presentation on 6ix