Grupo Comercial Chedraui Sab De Cv Class B · BMV:CHDRAUI/B
Grupo Comercial Chedraui Sab De Cv Class B — Q2 2023 Earnings Presentation
16 slides from Grupo Comercial Chedraui Sab De Cv Class B's earnings presentation, July 2023
Slide 1: Grupo Comercial Chedraui Q2'23 Results
pli Chedraui —a cuesta menos GRUPO COMERCIAL CHEDRAUI Q2’23 RESULTS Mi 2023
Slide 2: YAWIVIDSIC 1V99T
YAWIVIDSIC 1V99T
Slide 3: Presenters: José Antonio Chedraui, Carlos Smith
-_ sbh,Chedraui José Antonio Chedraui © Carlos Smith
Slide 4: Double-digit SSS, EBITDA margin expansion
Double-digit SSS EBITDA margin expansion QU ARTE R Growth sustained through operating leverage HIGHLIGHTS $2,485 MEXICO Sy MXN in million Q2°22 Q2°23 Q2°22 Q2°23
Slide 5: Quarter Highlights: US
QUARTER HIGHLIGHTS US MXN in million Hispanic Division driving SSS sales tT Tt TTT _; Q2°22 Q2°23 EBITDA margin expanding through integration synergies tT TTT TT $3,158 $3,116 9.0% 8.2% Q2°22 Q2°23
Slide 6: Consolidated sales and EBITDA
Consolidated sales growing despite Consolidated EBITDA QUARTE R FX impact margin expansion EERE EERE HIGHLIGHTS CONSOLIDATED MXN in million Q2°22 Q2°23 Q2°22 Q2°23
Slide 7: Consolidated net income
QUARTER HIGHLIGHTS CONSOLIDATED MXN in million Net Income increasing above sales growth Q2°22 Q2°23
Slide 8: Mexico Performance (1/2)
MEXICO PERFORMANCE (1/2) Outperforming the market e +10.5% SSS growth YoY, outperforming ANTAD's +8.1% e +17.8% total sales growth in the quarter due to Arteli consolidation and store openings © All regions growing, with South and Southeast still outperforming e 7 stores opened in the quarter; 74 in
Slide 9: Operating leverage fueling EBITDA
Operating leverage fueling EBITDA +24.3% EBITDA growth YoY in the quarter to $2,485 million pesos, coming from organic performance and Arteli consolidation +44 bps margin expansion in Q2'23 Significantly higher than the 10-15 bps objective for the year Topline growth allows operating leverage and of
Slide 10: US Performance (1/2)
US PERFORMANCE (1/2) Continuing strong sales performance +3,.2% SSS growth YoY in USD ® Hispanic division driving growth ® Sales in Smart & Final impacted by rainy weather in California ® Peso appreciation: 12.4% impact when consolidating numbers ® Sales in MXN decreasing 9.7% YoY Profitability expa
Slide 11: Financial Result
> a Ls : FINANCIAL RESULT one i
Slide 12: Financial Performance Q2'23
FINANCIAL PERFORMANCE Q2’23 Net Sales Cost of Goods Sold Gross Profit % NS Operating Expenses % NS 63,817 49,162 14,655 23.0% 9,308 14.6% 64,577 49,519 15,058 23.3% 9,241 14.3% 1.2% 0.7% 2.8% -0.7% Operating Income Financing Expenses Results of associated companies Net Income Before Taxes Taxes Effe
Slide 13: Financing and Capex
FINANCING AND CAPEX a Company 1. a ¥ leverage spa net debt to 0.18 0.12 EBITDA ratio 0.05 _ — = Q3°21 Q4°21 QI’22 |. 22 Q3°22 Q4°22 QI’23 Q2°23 8.4% Total Capex... %NS 3.2% 1.7% =. on a Capex ‘4082 ey” __ 2019 2020 2021 2022 2023 “Includes the investment for the acquisition of Smart & Final. MXN in
Slide 14: Debt Breakdown
DEBT BREAKDOWN MXN in million Q2°23 Cash Net debt Total debt
Slide 15: Sustainability
SUSTAINABILITY Chedraui’s sustainability annual report e Chedraui's sustainability report available in both English and Spanish with relevant information form the operations in Mexico and the US Continued efforts in transparency ® New IR website launched to improve user experience ° Actively partici
Slide 16: Thank You
THANK YOU For more information please contact IR team: ARTURO VELAZQUEZ ELIAS RANGEL avelazquez@chedraui.com.mx erangel@chedraui.com.mx
Grupo Comercial Chedraui — Q2 2023 Earnings Presentation on 6ix