Slide 1: Second Quarter 2013 Highlights
Second Quarter 2013 Revenues rose 14% (13% in USD) Positive SSS across almost every division and country Colombian supermarkets post SSS of 3.6%; average ticket rises 12.4% Gross profit rose 15%; double-digit increase in gross profit in every division except Home Improvement Gross margin reached 28.
Slide 2: Retail Market Commentary
Retail Market Commentary Chile Chile’s economy continued to decelerate, while still outpacing many regional peers. First quarter GDP grew 4.1% year-on-year, compared with 4.5% in the first quarter and 5.7% in the fourth quarter of 2012. In July, the Central Bank forecast that the economy will grow b
Slide 3: Figures in USD MM
Figures in USD MM 2Q 2013 2Q 2012 Change (%) Change in local currency (%) Revenues 4,945 4,379 12.9 % Chile 1,876 1,739 7.9 % 9.0 % Brazil 1,002 1,049 -4.5 % 4.4 % Argentina 1,220 1,222 -0.2 % 21.6 % Peru 6.2 % 9.7 % Colombia 2168.2 % 2373.5 % Operating Results -5.1 % Net Income -78.2 % Stores 1,099
Slide 4: Gross Margin
Gross Margin Second Quarter Six-Month, ended June 30th USD MM CLP MM as of June 30th USD CLP MM as of June 30th USD 2013 2013 2012 D % D % 2013 2012 D % D % Gross Profit 1,412 716,166 624,416 14.7% 13.5% 1,405,145 1,227,218 14.5% 15.8% Supermarkets 456,498 403,588 13.1% 11.9% 911,861 800,321 13.9% 1
Slide 5: Net revenues by segment
4 Net revenues do not include revenues from the “Other” segment. wwww.cencosud.com
Slide 6: Gross Margin Evolution by Division
‘Supermarkets Gross Margin Evolution ‘Department stores Gross Margin Evolution -| ol ow Home improvement Gross Margin voltion ‘topping Centers Gross Margin Elution oom ee -B- oa we ge ow ae og oa we ez || oo me oe DR ee
Slide 7: Selling, General and Administrative Expenses (SG&A)
Selling, General and Administrative Expenses (SG&A) Second Quarter Six-Month, ended June 30th USD MM CLP MM as of June 30th USD CLP MM as of June 30th USD 2013 2013 2012 D % D % 2013 2012 D % D % SG&A expenses -1,199 -607,988 -526,686 15.4% 14.2% -1,205,537 -1,010,578 19.3% 20.7% Supermarkets -812 -
Slide 8: SG&A Expenses as of June 30
SGBA Expenses as of June 30% 2013 19%, 44% 705%, supermarkets ‘sHome improvement ‘Department Stores ‘shopping Centers Financial Services SGBA Expenses as of June 30% 2012 tam, 57% 68.4% Supermarkets ‘8Home improvement ‘Department Stores ‘shopping Centers Financial Services
Slide 9: Operating Income as of June 30
Operating Income as of June 30% 2013 supermarkets ‘8Home Improvement ‘Department Stores ‘hopping Centers Financial Services Operating Income as of June 30% 2012 gee . 7,0% supermarkets ‘Home Improvement ‘Department Stores "Shopping Centers Financial Services
Slide 10: Occupancy Rates
Occupancy Rates 2Q13 2Q12 Shopping Argentina 97.4% 98.5% Shopping Chile 96.4% 94.0% Shopping Peru 87.3% 98.0% The lower occupancy rate in Peru is related to the opening of the new shopping center Cerro Colorado in Arequipa. wwww.cencosud.com
Slide 11: Argentina
Argentina Credit Card Loan Portfolio (USD MM) March June Sep Dec Argentina 2013 2012 2011 Credit Card Provisions / Loans (9) Q1 Q2 Q3 Q4 Argentina Risk ratio 2013 5.4% 4.9% 2012 6.9% 6.0% 6.0% 6.3% 2011 8.4% 10.0% 10.1% 7.6% % Sales With Credit Cards Over Total Sales Q1 Q2 Q3 Q4 Total Retail - Argen
Slide 12: Gross Margin Evolution
Gross Margin Evolution Financial Services ~ Argentina 193 1¢2 293 2R WB {WR «QB «AR
Slide 13: Brazil
Brazil % Sales With Credit Cards Over Total Sales Q1 Q2 Q3 Q4 Hyper/Supermarkets 2013 41.7% 43.5% 2012 41.1% 42.3% 42.2% 44.7% 2011 42.0% 44.0% 44.2% 43.5% Credit Card Loan Portfolio (M Reales) March June Sep Dec Brazil 2013 449,138 457,827 2012 425,992 432,652 411,920 454,243 2011 385,201 405,635 4
Slide 14: Indebtedness
Indebtedness Historically the main financing sources for the company have been domestic and international capital markets, both debt and equity and bank loans. As of June 30 2013, liabilities payable (not considering Banco Paris) reached CLP 5,245,204 million, with a reduction of 13.4% compared to D