Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3

Companhia Brasileira De Distribuicao — Brazilian Distribution Co Companhia Brasileira DE Distr CBD — Q2 2015 Earnings Presentation

14 slides from Companhia Brasileira De Distribuicao's earnings presentation, Jul 29, 2015

  1. Slide 1: Second Quarter 2015 Earnings Presentation

    July 29, 201 = Ez \ extra S BD rercatoextrar” minuto micas (GPA Malls PGodeAcucar ees pontofrio{ = eXtfa.cm.or {pontofrio.com | Cdiscount |

  2. Slide 2: Net sales reach R$ 16.1 billion, with gains in market share and a solid capital structure

    GPA Net sales: R$16.1 billion EBITDA“: R$ 749 million EBITDA Margin"): 4.7% Cash flow: R$ 1.5 billion Number of stores: 2,182 (1) Adjusted EBITDA and adjusted EBITDA margin; (2) Adjusted for the calendar effect. Net sales reach R$ 16.1 billion, with gains in market share and a solid capital structur

  3. Slide 3: Key figures for 2Q15 and 1H15

    Key figures for 2Q15 and 1H15 Consolidated, comparable basis‘) RS ‘000 2015 chong aris Net Sales 13,260 -4.7% -0.3% Gross Profit 3,586 -5.5% +0.4% Gross Margin 27.0% -20bps +20bps EBITDA” 803 -28.6% -13.7% EBITDA Margin”) 6.1% -200bps -110bps Company's Net Profit 122 -67.4% -30.9% Net Margin 0.9% -1

  4. Slide 4: Solid financial structure: optimization of working capital and reduction of net debt in the quarter

    Solid financial structure: optimization of working capital and reduction of net debt in the quarter Working Capital = Gap between trade payables and inventory: improvement of 12.5 days or RS1.6 billion ‘Trade payables / Inventory 12.7 1,652 +12.5 days o2 — +R$1,629MM 23 =) 2a14 2015 mmm InRSMM_—e-In

  5. Slide 5: Food

    Food @x extia PaodeAcicar ATACADISTA minuto BBP rercscoetrar PowAcicar Net sales: R$ 9.0 billion EBITDA™: R$ 554 million EBITDA margin): 6.2% Number of Stores: 1,135. (1) Adjusted EBITDA and adjusted EBITDA margin Solid cash flow accompanied by gain in customer traffic and store openings = Adjusted

  6. Slide 6: Solid performance, with accumulated market share gains for over 2 years

    Solid performance, with accumulated market share gains for over 2 years = Resilient sales growth, despite strong comparison base (+14.9% in the 2014) PdodeAcucar = Stable profitability compared to the previous year = Commitment to enhance the best shopping experience: Net sales: R$1.6 billion Number

  7. Slide 7: Slide 7

  8. Slide 8: Strong organic expansion and market share gains in the quarter

    ERD rrercado extra minuto PGodeAcicar Aa Net sales: R$ 231 million Number of Stores: 288 Strong organic expansion and market share gains in the quarter = New pricing model: higher competitiveness = Increase of promotional dynamics = Better communication and merchandising in stores = Expansion: - 2Q1

  9. Slide 9: Recovery of volume and customer traffic

    —“ extra Hypermarkets and Supermarkets Net sales: R$ 4.1 billion Number of Stores: 137 Hypermarkets 204 Supermarkets Ld are, Recovery of volume and customer traffic reflecting the competitiveness, right commercial strategies and store modernization = Competitiveness: greater speed in price decisions

  10. Slide 10: Sales growth of 25.6%, supported by solid same-store performance and organic expansion

    ATACADISTA ‘DESDE 1974 Net sales: R$ 2.4 billion EBITDA“): R$ 77 million EBITDA margin): 3.2% Number of Stores: 87 (1) Adjusted EBITDA and adjusted EBITDA margin ‘Second Quarter 2015 Earnings Presentation — July 29, 2015, Sales growth of 25.6%, supported by solid same-store performance and organic e

  11. Slide 11: Deleveraged structure with R$3 billion cash underlines solid financial position

    ALE viavarejo Net sales: R$ 4.3 billion EBITDA”: RS 249 million EBITDA margin"): 5.8% Number of Stores: 1,047 (1) Adjusted EBITDA and adjusted EBITDA margin; (2) The conversions were completed in early July / 2015 Deleveraged structure with R$3 billion cash underlines solid financial position = Gain

  12. Slide 12: Continuous strong sales growth combined with higher share of marketplace

    Cnova CDISCOUNT & NOVA PONTOCOM GMV: +25.8% Net sales: 17.5% Gross margin: +56 bps vs 1Q15 & exlfa om.tr {pontofrio.com discount BAIA con Continuous strong sales growth combined with higher share of marketplace resulted in gains of market share Solid GMV growth of 25.8% in the quarter, combined with

  13. Slide 13: Initiatives to improve process efficiency and rationalize expenses

    Initiatives to improve process efficiency and rationalize expenses Multivarejo Headcount optimization in corporate areas Revision of benefits for executives Renegotiation of third party agreements Optimization of media investments Group Synergies Optimization and centralization of contracts Multicha

  14. Slide 14: Signatures

    SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO Date: July 29, 2015 By: /s/ Ronaldo Iabrudi Name: Ronaldo Iabrudi T

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