Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3
Companhia Brasileira De Distribuicao — Brazilian Distribution Co Companhia Brasileira DE Distr CBD — Q3 2020 Earnings Presentation
20 slides from Companhia Brasileira De Distribuicao's earnings presentation, Oct 29, 2020
Slide 1: Consolidated sales performance footnotes
(1) Same-store performance does not include revenue from gas stations and drugstores (2) Other: Includes the operations of more recent initiatives such as James Delivery, Cheftime and Stix Fidelidade. (3) Pro forma variation includes the results of Grupo Éxito in 3Q19 as if they were part of the gro
Slide 2: GPA Brazil results and EBITDA
(1) GPA Brazil results do not include others (Stix Fidelidade, James Delivery and Cheftime); (2) Operating income before interest, tax, depreciation and amortization; (3) Adjusted for Other Operating Income and Expenses. Note: Tax credits were not materially different from previous quarters. In 3Q19
Slide 3: Assaí results and store expansion
(1) Earnings before interest, tax, depreciation and amortization. (2) Adjusted for Other Operating Income and Expenses Note: In 3Q19, in compliance with CVM resolution, there was a reclassification concerning the application of IFRS 16. Hence, the figures presented here differ from those published p
Slide 4: Monthly sales per square meter and EBITDA margin
2017 2018 2016 2015 mm Monthly sales (RS 000) persquare meter 4.6 42 40 — After IFRS16 EBITDA Margin
Slide 5: Multivarejo sales and highlights per banner
(1)There was no calendar effect in the quarter. (2) Includes e-commerce sales with deliveries straight from the DC and revenues from lease of commercial centers. Total sales excluding gas stations and drugstores (which performed better than in 2Q20 but still present a negative impact) came to 10.4%
Slide 6: Multivarejo results
(1) Multivarejo results do not include the result of Other (Stix Fidelidade, Cheftime and James Delivery). (2) Earnings before interest, tax, depreciation and amortization. (3). Adjusted by Other Operating Income and Expenses. Note: In 3Q19, in compliance with CVM resolution, there was a reclassific
Slide 7: Digital Ecosystem
Digital Ecosystem The digital ecosystem continues to be one of the biggest growth levers of Multivarejo, supported by 3 integrated recurrent drivers: food e-commerce, customer relations and multichannel convenience. Food e-commerce: Our food e-commerce offers unique and complementary options that pr
Slide 8: Grupo Éxito results
(1) To reflect the calendar effect, the following reductions were made in 3Q20: 0 bps in Grupo Éxito, 0 bps in Colombia, 20 bps in Uruguay and 60 bps in Argentina. (2) Includes the formats Surtimayorista, VIVA, Aliados and Other Businesses. (3) Same store presented in growth in constant currency. Gr
Slide 9: Consolidated EBITDA
(1) Earnings before interest, tax, depreciation and amortization. (2). Adjusted by Other Operating Income and Expenses. (3) Pro forma for comparison purposes only.
Slide 10: Net financial result of GPA Consolidated
The net financial result of GPA Consolidated was an expense of R$486 million, corresponding to 2.3% of net sales revenue, remaining stable in relation to 2Q20. The increase as a percentage of net revenue compared to last year was mainly due to the higher non-recurring financial revenue in 3Q19. With
Slide 11: Consolidated net income
Consolidated GPA ended 3Q20 with consolidated net income from controlling shareholders of R$386 million, up 2.5 times from the same period last year, while net income from continuing operations doubled to R$339 million. The 3Q20 results underline the success of the strategies executed by the group,
Slide 12: Net debt and liquidity
(1) Adjusted EBITDA before IFRS 16 in the last 12 months. Net debt adjusted by the balance of receivables not discounted reached R$ 9.6 billion in consolidated GPA, compared to R$ 2.2 billion in 3Q19, mainly reflecting the funds raised for the acquisition of Grupo Éxito. The ratio of net debt/Adjust
Slide 13: Gross investments in the quarter
Gross investments in the quarter totaled R$640 million, and went to: i) the opening of 7 new Assaí stores (5 organic and 2 conversions from Hiper), and 11 stores are currently under construction; ii) 1 Mini Extra store; iii) 1 gas station; iv) conversion of 8 Extra Super stores into Mercado Extra; v
Slide 14: Store count by banner
06/30/2020 09/30/2020 ir i an stores Openings QPCR closings (UNMESS Stores gy GPA Br: 1,070 7 10 -23 -10 1,054 1,961 Assai 169 5 2 - - 176 761 PSo de Acucar 182 : : - - 182 234 Extra Hiper 107 : : a 2 104 642 Extra Supermercado 51 : : “4 8 39 37 Mercado Extra 100 : 8 - - 108 128 Compre Bern 28 : : :
Slide 15: Balance Sheet
BALANCE SHEET Ea EE {8S millon) 09.30.2020 09302019 08.30.2020 09.30.2019 09.20.2020 ‘current Assets 20818 20,897 sa74 20,887 6027 ‘Cash and Marketable Securities 7,283 12,656 5,620 12,652 1,608 ‘ecounts Receivable aT 2360 +5 364 22 Credit Cards us ist Fst Sales Vouchers and Trade Account Receivable
Slide 16: Income statement by business
(1) Consolidated includes results of other complementary businesses; (2) Equity income includes Cdiscount’s results in the Consolidated figures; (3) Net income after non-controlling interest; (4) Adjusted for Other Operating Income and Expenses.
Slide 17: Statement of Cash Flow
STATEMENT OF CASH FLOW (R$ million) 09.30.2020 09.30.2019 Net income (Loss) for the period 693 729 Deferred income tax (331) 148 Loss (gain) on disposal of fixed and intangible assets, (8) 102 Depreciation and amortization 1,892 1,100 Interests and exchange variation 1312 1,238 Adjustment to present
Slide 18: Breakdown of Gross Sales by Business
Breakdown of Gross Sales by Business (R$ milion) 3020 % 3ai9 % 4 gmzo % snus % a Mattivarejo 7368 24% «6973S STH TASCA —O9SH «ADH —«HY. Pio de Agicar 1s7s 107% = 1817 125% SKS SND TK SAS TK (9.0% Bara" 4398 248% 4098 281% SBR 13622 70K = «12469 29K 98H Convenience Stores 496 28% 3s 24% BAK 1,297 26%
Slide 19: Breakdown of Sales (% of Net Sales) - Brazil
(1) Includes sales by Extra Supermercado, Mercado Extra, Extra Hiper and Compre Bem. (2) Includes sales by Mini Extra and Minuto Pão de Açúcar. (3) Includes sales by Gas stations, Drugstores, Delivery and rental revenue from commercial centers. (4) GPA includes the results of James Delivery, Stix Fi
Slide 20: Glossary: Adjusted EBITDA and definitions
Adjusted EBITDA: Measure of profitability calculated by excluding Other Operating Income and Expenses from EBITDA. Management uses this measure in its analysis as it believes it eliminates nonrecurring expenses and revenues and other nonrecurring items that could compromise comparability and analysi
Brazilian Distribution Co Companhia Brasileira DE Distr CBD — Q3 2020 Earnings Presentation on 6ix