Slide 1: Grupo Éxito Financial Results 4Q24 - FY24
Grupo Éxito Financial Results 4Q24 - FY24 February 27, 2025 “ The Issuers Recognition - IR granted by the Colombian Stock Exchange is not a certification about the quality of the securities listed at the BVC nor the solvency of the issuer”.
Slide 2: Note on forward looking statements
• Grupo Éxito operates in a competitive and rapidly changing environment ; therefore, it is not able to predict all the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risk
Slide 3: Agenda
Agenda ▪ Words from our CEO, Mr. Carlos Calleja ▪ Update on ADS delisting of the NYSE ▪ 4Q24 - FY24 Financial and Operating Highlights ▪ FY24 Financial Performance ▪ Conclusions and Q&A session 3
Slide 4: Words from our CEO Mr. Carlos Calleja
Words from our CEO Mr. Carlos Calleja
Slide 5: Update on ADS delisting of the NYSE
Update on ADS delisting of the NYSE
Slide 6: Rational of the Proposal
Rational of the Proposal A more efficient float distribution for all shareholders Focus on maximizing returns to all shareholders Facilitate a more efficient structure Delist and deregister ADS from NYSE, and increase float in Colombia Share base distribution as of December 31, 2024 40,583 sharehold
Slide 7: Timeline Delisting ADSs of the NYSE and BDRs discontinuation
Timeline Delisting ADSs of the NYSE and request of BDRs discontinuation of B3 seeking a more efficient float distribution March 3, 2025 February 14, 2025 (t) ▪ Grupo Éxito Dz s BoD approved the voluntary discontinuation of the BDRs program ▪ Submission of discontinuation request of the Brazilian Stoc
Slide 8: Operating and Financial Highlights
8 Operating and Financial Highlights
Slide 9: Operating and Financial Highlights 4Q24 - FY24
• 4Q Retail Sales growth in LC : Col 4.1%, Uru • F Y +6 . 1 R e t a i %, Ar l g Sa l e s - 9.6%. growth in LC : Col 2.2%, Uru • G r o s s +5 . 8 % , P r o fi t A r g +6 1 + : . 2 1 8 % . 3 . % to 25.8% margin during 4Q, +2.0% to 25.3% FY, driven by margin gains from Uru (+58 bps FY) and Col (+57 bps
Slide 10: Financial Performance
10 Financial Performance
Slide 11: Top line performance by country
• CPI : 5 . 5 % LT - December (vs 5 . 1 % y/y), 5 . 3 % food inflation • Retail Sales and SSS in LC : + 6 . 1 % , + 5 . 8 % in 4 Q 24 , (+ 5 . 8 % ,+ 4 . 4 % FY 24 ) supported by a solid commercial strategy • Fresh Market: 33 stores, +6.8% growth in 4Q24 (61.1% share of total sales). FY24: +5.2% gro
Slide 12: Strategic focus in Colombia: customer experience
Strategic focus in Colombia Enhancing the customer experience through gradual banner unification, improvement of assortment and the best levers from Wow and Fresh 4 - 5 years plan to convert stores to the main banners in Colombia +2,095 average new products included by store +30% Increase in SKUs av
Slide 13: Strategic focus in Colombia: savings to customers
Strategic focus in Colombia Provide savings to customers through the improvement of commercial strategy offering the best alternatives at daily purchases High and Low Thematic days Unbeatable prices 14% sales growth 10% share on total sales +50% sales growth of National Brands SKU +1,000 products of
Slide 14: Strategic focus in Colombia: cost and expense optimization
COP $438,000 M during FY24 Strategic focus in Colombia Cost and expense optimization initiatives allowed expenditure being flat vs 2023 despite inflation pressures Key Actions Structure simplification Efficiencies in logistics Reduction of energy consumption Contracts renegotiation Improving shrinka
Slide 15: Performance by segment
Best - performing segment: • Food +10.9%, driven by double digit growth in FMCG +12.4% vs 4Q23. • Omnichannel share of 28 . 4 % on the segment Dz s sales and + 25 % vs 2023 • 31 Fresh Market stores represented a 60 % share on the segment Dz s sales during 4 Q 24 • One opening, 15 conversions and one r
Slide 16: Omni-channel performance
(1) Include .com, marketplace, home delivery, Shop&Go, Click&Collect, digital catalogues and B2B virtual; the base was adjusted with new channels included: ISOC and Midescuento 6.1 M Orders (+15%) 14.6% Share on Retail Sales 4Q24 COP $654,500 M In Retail Sales (+12.3%) 23.5 M Orders (+21%) 2024 14.7
Slide 17: Real estate performance 2024
Real state performance 2024 The most important complementary business and contributor to margins 807,000 sqm of GLA (33 assets + retail premises) Occupancy rate 1 98.0% (vs. 97.6% YoY) Note: (1) Excluding retail premises GLA (2) Viva Malls is a JV with Fondo Inmobiliario Colombia (FIC) in which Grup
Slide 18: Complementary Businesses Colombia
Complementary Businesses Colombia Creation and shared value through Complementary Businesses Colombia 7.8 M habeas data clients (+13% y/y) 42,300 M Redeemed points (+4% y/y) AAA rating Granted for 15 straight years by Note: TUYA and Puntos Colombia are 50/50 JV s with Bancolombia. Figures as of De
Slide 19: Operating Performance
Operating Performance 4Q Recurring EBITDA grew by +28% excluding FX driving full year to a stable level vs 2023 Note: The Colombia perimeter includes Almacenes Éxito S.A. and its subsidiaries. Data in COP includes a - 1.8% FX effect in Uruguay at Net Revenue and at Recurring EBITDA and - 429.4% in A
Slide 20: Net result highlights
Net result of COP $146, 117 M during 4Q24 reflected: o Advances in commercial strategy and particularly the operational improvement of retail operations from Colombia and Uruguay partially offset by : o Operating performance in Argentina affected by macro and consumer head winds, and o Positive vari
Slide 21: FY24 Leverage and Cash at holding level
FY24 Leverage and Cash at holding level 1 Positive FCF 2 when excluding effect in working capital of the cancellation of factoring operation Net Financial debt impacted by: » Cancellation of special factoring operations to reduce financial cost. » Operational performance reflected the improved resul
Slide 22: Conclusions
22 Conclusions
Slide 23: Conclusions
23 The strong quarterly consolidated performance drove full year recurring EBITDA to a stable level vs 2023 and positive net results, driven by end of the year consumption dynamism, cost and expenses efficiencies. Consistent deployment of commercial strategy around conversions, assortment improvemen
Slide 24: Q&A Session
Q&A Session 24
Slide 25: Appendices
Appendices 25
Slide 26: Notes and Glossary
Notes and Glossary Notes: • Numbers are expressed in long scale, COP billion represent 1,000,000,000,000. • Growth and variations are expressed in comparison to the same period last year, except when stated otherwise. • Sums and percentages may reflect discrepancies due to rounding of figures. • All
Slide 27: Ownership Structure
Ownership Structure Note: Ownership structure as of December 31, 2024. 27
Slide 28: Management Team
Management Team Carlos Mario Giraldo General Manager Colombia Jean Christophe Tijeras General Manager Uruguay Ramón Quagliata General Manager Argentina 28 Juan Carlos Calleja CEO Grupo Éxito
Slide 29: Sustainability Strategy
Sustainability Strategy
Slide 30: ESG initiatives to generate value
Zero Malnutrition Sustainable Trade • Through the Cultivando Oportunidades program, we purchase 84 , 19 % of our fruit and vegetables locally, for a cumulative figure of 88 , 54 % for the year . • 93 , 91 % of our textile garments were acquired locally . • The Paissana brand, a national initiative t
Slide 31: Consolidated Income Statement
Consolidated Income Statement Note: Consolidated data include results from Colombia, Uruguay and Argentina, eliminations, and the FX effect of 11.9% at Net Revenue and - 5.4% at Recurring EBITDA during 4Q24 and of - 2.3% and - 2.8%, respectively, during 2024. Recurring EBITDA refers to Earnings Befo
Slide 32: Income Statement and CapEx by Country
Income Statement and CapEx by Country Notes : Consolidated results from Colombia, Uruguay and Argentina, eliminations and the FX effect of 11 . 9 % and - 2 . 3 % at Net Revenue in 4 Q 24 and 2024 , and - 5 . 4 % and - 2 . 8 % at Recurring EBITDA, respectively . Recurring EBITDA refers to Earnings Be
Slide 33: Consolidated Balance Sheet
Consolidated Balance Sheet Note: Consolidated data include figures from Colombia, Uruguay and Argentina. 33
Slide 34: Consolidated Cash Flow
Consolidated Cash Flow Note: Consolidated data include figures from Colombia, Uruguay and Argentina. 34
Slide 35: Holding Income Statement
Holding Income Statement 1 (1) Holding: Almacenes Éxito Results without Colombia subsidiaries Recurring EBITDA refers to Earnings Before Interest, Taxes, Depreciation, and Amortization adjusted by other non - recurring operational income (expense). 35
Slide 36: Holding Balance Sheet
Holding Balance Sheet 1 (1) Holding: Almacenes Éxito Results without Colombia subsidiaries. 36
Slide 37: Debt by country and maturity
Debt by country and maturity Note : The Colombia perimeter includes the consolidation of Almacenes Éxito S . A . and its subsidiaries in the country . 1 ) Debt without contingent warranties and letters of credits . ( 2 ) Holding gross debt issued 100 % in Colombian Pesos with an interest rate below
Slide 38: Store number and Retail Sales area
Store number and Retail Sales area Argentina 88,082 15 Libertad 14,872 12 Mayorista 102,954 27 Total Argentina 1 ,036,812 623 TOTAL Note: The store count does not include the 2,502 allies in Colombia. 38 Colombia 622,464 200 Exito 89,519 123 Carulla 22,073 60 Surtimax 51,536 54 Super Inter 52,637 60
Slide 39: Accounts Reconciliations
Accounts Reconciliations Note : Recurring EBITDA refers to Earnings Before Interest, Taxes, Depreciation, and Amortization adjusted by other non - recurring operational income (expense) . Consolidated data in COP includes a - 1 . 8 % FX effect in Uruguay at Net Revenue and at Recurring EBITDA and -
Slide 40: Accounts Reconciliations: Recurring EBITDA and Adjusted EBITDA
Accounts Reconciliations Recurring EBITDA and Adjusted EBITDA Note : Recurring EBITDA refers to Earnings Before Interest, Taxes, Depreciation, and Amortization adjusted by other non - recurring operational income (expense) . Data in COP includes a - 1 . 8 % FX effect in Uruguay at Net Revenue and at
Slide 41: Accounts Reconciliations: Real Estate Business in Colombia
Accounts Reconciliations Recurring Income of the Real Estate Business in Colombia Net Revenue and Recurring EBITDA of Viva Malls in Colombia 41 Note: Recurring EBITDA refers to Earnings Before Interest, Taxes, Depreciation, and Amortization adjusted by other non - recurring operational income (expen
Slide 42: Investor relations contact
Ivonne Windmuller. Chief Financial Officer | IRO +57 (604) 6049696 Ext 306560 iwindmuller@grupo - exito.com Cra 48 No 32 B Sur 139, Viva Envigado Medellín, Colombia www.grupoexito.com.co exitoinvestor.relations@grupo - exito.com • “The Issuers Recognition - IR granted by the Colombian Stock Exchange
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