Walmart Inc. · NASDAQ:WMT
Walmart — Wal-Mart Stores — Q1 FY16 Earnings Presentation
13 slides from Walmart's earnings presentation, May 2015
Slide 1: Q1 FY16 Financial presentation
Q1 FY16 Financial presentation x! Wal-Mart Stores, Inc. S,8. NYSE: WMT
Slide 2: Wal-Mart Stores, Inc. consolidated results
Wal-Mart Stores, Inc. (Amounts in millions, except share data) Q1 $ Δ1 % Δ1 Total revenue $114,826 -$134 -0.1% Total revenue, constant currency2 $118,106 $3,146 2.7% Net sales $114,002 -$165 -0.1% Net sales, constant currency2 $117,258 $3,091 2.7% Membership & other income $824 $31 3.9% Operating in
Slide 3: Wal-Mart Stores, Inc. margins, tax rate and ROI
Wal-Mart Stores, Inc. Q1 bps Δ1 Gross profit rate 24.1% 9 bps Operating expenses as a percentage of net sales 19.9% 56 bps Effective tax rate 32.4% -164 bps Debt to total capitalization2 39.6% -350 bps Return on investment3,4 16.6% -10 bps 1 Basis points change versus prior year comparable period 2
Slide 4: Receivables, inventories and accounts payable
Wal-Mart Stores, Inc. (Amounts in millions) Q1 $ Δ1 % Δ1 Receivables, net $5,813 -$283 -4.6% Inventories $46,310 $995 2.2% Accounts payable $37,224 $877 2.4% 1 4 Change versus prior year comparable period
Slide 5: Cash flow, dividends and share repurchases
Wal-Mart Stores, Inc. (Amounts in millions) Q1 $ Δ1 Operating cash flow $4,446 -$1,493 Capital expenditures $2,203 $46 Free cash flow2 $2,243 -$1,539 (Amounts in millions) Q1 % Δ1 Dividends $1,579 2.1% Share repurchases3 $280 -55.3% Total $1,859 -14.5% 1 Change versus prior year comparable period 2
Slide 6: Walmart U.S.
Walmart U.S. (Amounts in millions) Q1 Δ1 Net sales $70,245 3.5% Comparable store sales2 1.1% 120 bps • Comp traffic 1.0% 240 bps • Comp ticket 0.1% -120 bps E-commerce impact3 ~0.2% NP Neighborhood Market4 ~7.9% NP Gross profit rate Decrease -13 bps Operating income $4,639 -6.8% 1 Change versus prio
Slide 7: Walmart U.S. category comps
Walmart U.S. Category Comp Grocery1 relatively flat General merchandise2 - low single-digit Health & wellness + mid single-digit Apparel + mid single-digit Home + mid single-digit 1 Includes food and consumables 2 Includes entertainment, toys, hardlines and seasonal 7
Slide 8: Walmart International
Walmart International Constant (Amounts in millions) Reported currency1 1 Q1 Δ2 Q1 Δ2 Net sales $30,278 -6.6% $33,534 3.4% Gross profit rate Increase 3 bps NP NP Operating income $1,070 -11.0% $1,203 0.1% 1 See press release located at www.stock.walmart.com regarding reconciliations for non-GAAP fin
Slide 9: Walmart International country results
Walmart International Comp3 Net Gross Country1,2 profit Sales Traffic Ticket sales3 rate3 United Kingdom4 -3.3% -2.2% -1.1% -2.9% Increase Walmex5 5.3% -1.0% 6.3% 7.3% Increase Canada 1.8% 0.1% 1.7% 3.7% Decrease Brazil 3.0% -1.1% 4.1% 3.0% Increase China 0.4% -8.9% 9.3% 1.9% Increase 1 Results are
Slide 10: Sam's Club
Sam's Club Without fuel1 With fuel (Amounts in millions) Q1 Δ2 Q1 Δ2 Net sales $12,363 1.2% $13,479 -3.0% Comparable club sales3 0.4% 90 bps -3.8% -300 bps • Comp traffic -0.2% — bps NP NP • Comp ticket 0.6% 90 bps NP NP E-commerce impact4 ~0.4% NP NP NP Gross profit rate Decrease -15 bps Increase 2
Slide 11: Sam's Club category comps
Sam's Club Category Comp Fresh / Freezer / Cooler + low single-digit Grocery and beverage + low single-digit Consumables relatively flat Home and apparel + low single-digit Technology, office and entertainment - mid single-digit Health and wellness + low single-digit 11
Slide 12: Guidance Total company
Guidance Total Walmart Sam's company U.S. comps Club comps FY16 Q2 EPS: 13-week period1: 13-week period1: • $1.06 - $1.18 • around 1.0% • Flat to +2.0% 1 13-week period from May 2, 2015 through July 31, 2015, compared to 13-week period ended August 1, 2014 12
Slide 13: Additional resources at stock.walmart.com
Additional resources at stock.walmart.com • Reconciliations for our non-GAAP financial measures (ROI, free cash flow, constant currency and Sam’s Club comparable measures) • Unit counts & square footage • Comparable store sales • Terminology • FY 16 earnings dates 13