Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3
Companhia Brasileira De Distribuicao — GPA — Q1 2024 Earnings Presentation
17 slides from Companhia Brasileira De Distribuicao's earnings presentation, May 8, 2024
Slide 1: 1Q24 Earnings Presentation
1Q24 EARNINGS PRESENTATION May 8th, 2024 1
Slide 2: Disclaimer
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 e
Slide 3: 1Q24 Highlights
1Q24 HIGHLIGHTS Marcelo Pimentel, CEO 3
Slide 4: 1Q24 Highlights
Gross Revenue 1Q24 HIGHLIGHTS GPA Continuous operational improvement with an increase of 1.8 p.p. in the adjusted EBITDA margin and material reduction of R$ 1.4 billion in net debt vs. 1Q23 +8.1% Same Store(1) • R$ 428 million of operational free cash flow(2) in the last 12 months, representing an i
Slide 5: 1Q24 Strategic Pillars Highlights
1Q24 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 01 TOP LINE Growth in same-store sales driven by Pão de Açúcar Banner Consistency in market share(1) gains, progress by the sixth consecutive quarter, concomitantly with profitability improvement +0.2 p.p. in
Slide 6: 1Q24 Strategic Pillars Highlights
1Q24 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 04 EXPANSION 9 stores opened in 1Q24 7 Minuto Pão de Açúcar and 2 Mini Extra 64 stores opened in the last 12 months 61 Proximity stores: 53 Minuto Pão de Açúcar and 8 Mini Extra 3 Pão de Açúcar stores R$ 659 m
Slide 7: 1Q24 Strategic Pillars Highlights: ESG & Culture
1Q24 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 06 ESG & CULTURE Promotion of diversity and inclusion 3rd class of the Internship program exclusive for black and brown people started in 1Q24 More than 17 actions in celebration of International Women's Day Combati
Slide 8: Primary Offering and New Governance
PRIMARY OFFERING AND NEW GOVERNANCE Financial Delevarege Acceleration New Board of Directors • 2Q23 – 1Q24: Non-core asset sales totaling R$ 1.5 billion • 1Q24: Primary offering of shares of R$ 704 million with 100% proceeds to pre-pay debt Renan Bergmann Chairman and Independent member • 2Q24 (subs
Slide 9: Financial Performance
FINANCIAL PERFORMANCE Rafael Russowsky, CFO 9
Slide 10: Financial Performance: Total Sales
Total sales of GPA totaled R$ 4.9 billion in 1Q24 with an increase of FINANCIAL PERFORMANCE 8.2% TOTAL SALES (R$ million) Same Store Sales growth of 8.1% (5.4% ex. calendar effect) compared to 1Q23 +8.1% SAME STORE SALES (+5.4% ex. calendar effect) In e-commerce, Gross Sales grew by 25.1% (R$ 503 mi
Slide 11: Financial Performance: Profitability
FINANCIAL PERFORMANCE PROFITABILITY GROSS PROFIT (R$ million) & MARGIN (%) +1.5 p.p. 27.0% 27.2% 25.7% 26.3% 26.6% Gross margin progress, as a result of (i) 24.4% 24.8% 25.1% 25.7% 25.8% commercial negotiation improvement; (ii) shrinkage reduction, and (iii) efficiency gains in 1,068 1,151 1,161 1,3
Slide 12: Financial Performance: Net Income/Loss
FINANCIAL PERFORMANCE NET INCOME/LOSS(1) CONTINUED ACTIVITIES (R$ million) 1Q23 1Q24 +107 99 -197 15 25 -319 -304 86 -407 Net Income/Loss Non recognition Adjusted Net Net Income/Loss Provision of SP Headquarters’ Non recognition Adjusted Net 1Q23 of credits of Income/Loss 1Q24 ICMS’ Settlement Impai
Slide 13: Managerial Cash Flow – Net Debt Variation
FINANCIAL PERFORMANCE MANAGERIAL CASH FLOW – NET DEBT VARIATION LTM 1Q24 LTM 1Q23 Δ R$ Adjusted EBITDA GPA Brazil pre-IFRS 16 527 309 219 (-) Equity Income (Brazil) (59) (44) (15) Operational Free Cash Flow LTM of R$ 428 million in 1Q24, an increase of R$ 736 million vs. LTM Working Capital of Goods
Slide 14: Financial Performance: Net Debt
FINANCIAL PERFORMANCE NET DEBT(1) (R$ million) Net Debt Reduction -1,323 3,043 469 211 678 426 1,720 2,385 677 Operating Free Cash Flow(2) R$ 428 million 813 Net Debt 1Q23 Adjusted EBITDA Working Capital Other Operational Adjusted Capex Sale of assets Other Operating Net Financial Net Debt 1Q24 pre-
Slide 15: Q&A
Q&A www.gpari.com.br Qn ti PGodeActicar
Slide 16: Final Messages
FINAL MESSAGES Marcelo Pimentel, CEO 16
Slide 17: GPA – Strategic Pillars
FINAL MESSAGES GPA – STRATEGIC PILLARS 17