Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3

Companhia Brasileira De Distribuicao — Grupo Pão de Açúcar (GPA) — Q3 2024 Earnings Presentation

17 slides from Companhia Brasileira De Distribuicao's earnings presentation, Nov 6, 2024

  1. Slide 1: 3Q24 Earnings Presentation

    3Q24 EARNINGS PRESENTATION November 6th, 2024 1

  2. 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

  3. Slide 3: 3Q24 Highlights

    3Q24 HIGHLIGHTS Marcelo Pimentel, CEO 3

  4. Slide 4: 3Q24 Highlights: Gross Profit and Margin

    Gross Profit and Margin 3Q24 HIGHLIGHTS +1.1 p.p. Adjusted EBITDA margin reached 8.9%, the highest level since 2021, marking eight consecutive 27.7% quarters of growth 26.6% • Gross Margin reached 27.7%, a progress of 1.1 p.p. vs. 3Q23, supported by commercial negotiations 1,161 1,244 and operationa

  5. Slide 5: Strategic Pillars Highlights

    3Q24 STRATEGIC PILLARS HIGHLIGHTS CON S IS TEN CY AN D CON TIN UOUS IMPROVEMEN TS OF RES ULTS 01 TOP LINE  Acceleration of growth in same-store sales compared to 2Q23, supported by Pão de Açúcar and Extra Mercado banners  Proximity format with a 13,7% growth, driven by expansion (43 stores in the

  6. Slide 6: Strategic Pillars Highlights: Expansion and Profitability

    3Q24 STRATEGIC PILLARS HIGHLIGHTS CON S IS TEN CY AN D CON TIN UOUS IMPROVEMEN TS OF RES ULTS 04 EXPANSION 12 stores opened in 3Q24  11 Proximity stores: 7 Minuto Pão de Açúcar and 4 Mini Extra  1 store of Pão de Açúcar Fresh 43 stores opened in the last 12 months  41 Proximity stores: 30 Minuto

  7. Slide 7: Strategic Pillars: Profitability, Retail Media

    3Q24 STRATEGIC PILLARS HIGHLIGHTS CON S IS TEN CY AN D CON TIN UOUS IMPROVEMEN TS OF RES ULTS 05 PROFITABILITY: RETAIL MEDIA Result doubled in 9M24 Phase 1: Building solid foundations with significant advances in monetization, primarily of in-store assets (2023 - 2025)  Monetization of digital and

  8. Slide 8: Strategic Pillars: ESG & Culture

    3Q24 STRATEGIC PILLARS HIGHLIGHTS CON S IS TEN CY AN D CON TIN UOUS IMPROVEMEN TS OF RES ULTS 06 ESG & CULTURE Social impact and promotion of opportunities We launched the “Mãos na Massa” program, training 20 people over 40 years old in retail, in partnership with the “Projeto Arrastão”. Additionall

  9. Slide 9: Financial Performance

    FINANCIAL PERFORMANCE Rafael Russowsky, CFO 9

  10. Slide 10: Total Sales

    FINANCIAL PERFORMANCE TOTAL SALES (R$ million) GPA Total Sales totaled R$ 4.8 billion in 3Q24 with an increase of 1.9%, excluding the Aliados format, revenue was R$ 4.6 billion, reflecting a growth of 4.5% +5,0% SAME STORE SALES Same-Store Sales growth of 5.0%(1) compared to 3Q23 1.9% In e-commerce,

  11. Slide 11: Profitability

    FINANCIAL PERFORMANCE PROFITABILITY GROSS PROFIT (R$ million) & MARGIN (%) Gross Margin increase, as a result of (i) +1.1 p.p. acceleration of gains in commercial negotiations; 28.2% 27.0% 27.2% 27.7% (ii) operational adjustments in our banners and 26.6% 25.7% 26.3% formats; (iii) growth in retail m

  12. Slide 12: Net Income

    FINANCIAL PERFORMANCE NET INCOME NET INCOME/LOSS¹ CONTINUED OPERATIONS (R$ million) Net Loss from continued operations was R$ (253) million. In 3Q23, Net Income from continued operations of R$ 805 million, impacted by positive and non-recurring effects, which totaled R$ 1.1 billion. These effects in

  13. Slide 13: Managerial Cash Flow – Net Debt Variation

    FINANCIAL PERFORMANCE MANAGERIAL CASH FLOW – NET DEBT VARIATION LTM 3Q24 LTM 3Q23 Δ R$ Adjusted EBITDA GPA Brazil pre-IFRS 16 694 339 354 (-) Equity Income (Brazil) (64) (46) (18) LTM Operational Free Cash Flow of R$ 366 million in 3Q24, a significant improvement of R$ 216 Working Capital of Goods V

  14. Slide 14: Net Debt

    FINANCIAL PERFORMANCE NET DEBT(1) Net Debt (R$ million) Reduction -997 3,023 629 71 660 326 2,027 1,920 612 Operating Free Cash Flow(2) R$ 366 million 677 Net Debt Adjusted EBITDA Working Capital Other Operational Adjusted Capex Sale of assets Other Operating Net Financial Net Debt 3Q23 pre-IFRS16 e

  15. Slide 15: Q&A

    Q&A www.gpari.com.br r minuto Pose Acicar @s PaodeAcicar aay extrac ———— ‘yas ji

  16. Slide 16: Final Messages

    FINAL MESSAGES Marcelo Pimentel, CEO 16

  17. Slide 17: Final Messages: Strategic Pillars

    FINAL MESSAGES S TRATEGIC PIL L ARS 17

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