Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3
Companhia Brasileira De Distribuicao — Q4 2024 Earnings Presentation
16 slides from Companhia Brasileira De Distribuicao's earnings presentation, Feb 19, 2025
Slide 1: Earnings Presentation 4Q24
EARNINGS PRESENTATION 4Q24 FEBRUARY 19th, 2025 1
Slide 2: Disclaimer
2 DISCLAIMER Statements contained in this release regarding the Company's business outlook, projections of operating / financial profit and loss, the Company's growth potential, and related to market and macroeconomic estimates constitute mere forecasts and were based on the beliefs, intentions, and
Slide 3: Highlights 4Q24
3 HIGHLIGHTS 4Q24 Marcelo Pimentel, CEO
Slide 4: Highlights 4Q24 and 2024
4 Same-Store Sales Growth HIGHLIGHTS 4Q24 AND 2024 +5.6 p.p. +4.6 p.p. Adjusted EBITDA Margin of 9.5%, the highest level since 2020, driven 10.2% 9.6% by an acceleration in same-store sales performance 5.0% 4.6% ; • Same-store sales grew by 9.6%, representing a strong acceleration of 4.6 p.p. vs. 3Q
Slide 5: 4Q24 Strategic Pillars Highlights
4Q24 STRATEGIC PILLARS HIGHLIGHTS 5 C O N S I S T E N C Y A N D C O N T I N U O U S I M P R O VE M EN T S O F R E S U L T S TOP LINE Acceleration of growth in same-store sales compared to 4Q23, with highlights to Pão de Açúcar and Extra Mercado Gain of 0.6 p.p. in the self-service market share i
Slide 6: 4Q24 Strategic Pillars Highlights
6 4Q24 STRATEGIC PILLARS HIGHLIGHTS C O N S I S T E N C Y A N D C O N T I N U O U S I M P R O V E M EN T S O F R E S U L T S PROFITABILITY Historic EBITDA margin, the best Gross Margin reached 27.2%, an improvement of level since 2020 0.2 p.p. compared to 4Q23 9 consecutive quarters of EBITDA Ma
Slide 7: 4Q24 Strategic Pillars Highlights
7 4Q24 STRATEGIC PILLARS HIGHLIGHTS C O N S I S T E N C Y A N D C O N T I N U O U S I M P R O V E M EN T S O F R E S U L T S Combating Climate Change In 4Q24, we reduced greenhouse gas emissions from scopes 1 and 2 by 6.7%, preventing over 16,000 tons of CO₂, as a result of investments in retrofitti
Slide 8: Financial Performance
8 FINANCIAL PERFORMANCE Rafael Russowsky, CFO
Slide 9: Financial Performance: Sales
9 FINANCIAL PERFORMANCE Total sales of GPA reached R$ 5.6 billion in 4Q24 and R$ 20.0 billion in 2024 Same-store sales grew by 9.6%(1) compared to 4Q23 with an increase +9.6% SAME-STORE +6.0% SAME-STORE in volume and average ticket SALES¹ SALES E-commerce sales grew by 16.2% in 4Q24 with penetration
Slide 10: Financial Performance: Gross Profit and Adjusted EBITDA
10 FINANCIAL PERFORMANCE GROSS PROFIT (R$ million) AND MARGIN (%) +0.2 p.p. Start of Turnaround Project 28.2% 27.7% 27.2% 26.9% 27.0% 27.2% 27.2% Gross Margin progress, as a result of (i) greater efficiency 26.6% 26.3% 26.6% 25.7% in commercial negotiations; (ii) operational adjustment in our banner
Slide 11: Financial Performance: Net Income/Loss
11 FINANCIAL PERFORMANCE NET INCOME/LOSS¹ Structuring Matters: non-cash effects or those that will provide CONTINUED OPERATION future savings (R$ million) • Reduction in recoverable value (impairment) of non-strategic assets: R$ 150 million • Tax Agreements with incentives: R$ 80 million • Administr
Slide 12: Managerial Cash Flow
12 FINANCIAL PERFORMANCE MANAGERIAL CASH FLOW NET DEBT VARIATION LTM 4Q24 LTM 4Q23 Δ R$ Adjusted EBITDA Consolidated pre-IFRS16(1) 811 438 374 (-) Equity Income (Brazil) (64) (51) (13) LTM Operational Free Cash Flow of R$ 256 million in 4Q24, with a significant improvement of 85% in pre-IFRS 16 EBIT
Slide 13: Net Debt
13 FINANCIAL PERFORMANCE NET DEBT(1) (R$ million) (911) 2,303 -745 674 -109 1,391 -76 -1,952 595 Operational Free Cash Flow(2) R$ 256 million 702 Net Debt Adjusted EBITDA Working Capital Other Operational Adjusted Capex Sale of Assets / FON Other Operating Net Financial Net Debt 4Q23 pre-IFRS16 ex.
Slide 14: Q&A
14 Q&A www.gpari.com.br
Slide 15: Final Messages
15 FINAL MESSAGES Marcelo Pimentel, CEO
Slide 16: Final Messages: Strategic Pillars
16 FINAL MESSAGES Pilares Estratégicos
GPA (Companhia Brasileira de Distribuição) — Q4 2024 Earnings Presentation on 6ix