Slide 1: Earnings Presentation Fourth Quarter February 2019
Earnings Presentation Fourth Quarter February | 2019
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements, including statements regarding the intent, belief or current expectations of the company and its management. Investors are cautioned that any such forward-looking statements are not a guarantee of future performance and involve a numb
Slide 3: 4Q18 Revenues growing 3.6% excluding application of IAS 29
4Q18 | REVENUES GROWING 3.6% EXCLUDING APPLICATION OF IAS 29 REVEN UES Mn US; annual var. (%) Excluding IAS 29 3,720 3.6% Growth excluding IAS 29 3,592 3,684 IAS 29 Impact Revenues 4Q17 4Q18 3
Slide 4: 4Q18 Higher share from online sales
4Q18 | HIGHER SHARE FROM ONLINE SALES E-COMMERCE SALES Mn US; annual var. (%) 9.7% Online share ecommerce 44 37 +24.8% Growth ecommerce sales 234 292 NMV Linio Ecommerce sales 4Q17 4Q18 4
Slide 5: 4Q18 Gross profit grew 3.4% YoY excluding IAS 29
4Q18 | GROSS PROFIT GREW 3.4% YOY EXCLUDING APPLICATION OF IAS 2 9 GROSS PROFIT Mn US; annual var. (%) Excluding IAS 29 3.4% 1,410 Growth excluding IAS 29 37.9% 1,36 1,370 Gross margin 4 IAS 29 Impact Gross Profit 4Q17 4Q18 5
Slide 6: Operating income
4Q18 | OPERATING INCOME OPERATIN G IN COME MM USD; annual var. (%) Excluding IAS 29 410 -8.7% Growth excluding IAS 29 11.0% Operating Margin 449 370 IAS 29 Impact Operating Income 4Q17 4Q18 6
Slide 7: Adjusted net income
ADJUSTED NET INCOME 300 250 -31 -6 -5 13 -7 -2 200 150 260 270 231 100 50 0 Net Income Adjusted Net IAS 29 - Linio Operation Integration Mexico Brazil Minority IAS 29 - Not Net Income 4Q17 Income 4Q18 Operating Expenses CMR- Operation Interest Operating 4Q18 Income Impact BF Income Impact 7 Notes: L
Slide 8: Leverage
LEVERAGE Net Financial Debt/Ebitda (times) Debt By Creditor w/o Banking Operations w/o Banking Operations Sep 2018 3.5 4.7 years Dec 2018 3.1 57% 43% Duration Public Bonds Financial Institutions Leverage (times) Debt By Maturity w/o Banking Operations w/o Banking Operations Sep 2018 1.1 74% US$ 5,26
Slide 9: Capital expenditure: organic investment plan 2019-2022
CAPITAL EXPENDITURE ORGANIC INVESTMENT PLAN 2019 - 2022 US$ 4.2 bn Investment over the next 4 years 37% IT and logistics projects 34% New stores & shopping centers 29% Remodeling and expansions Store and Shopping Centers Openings Investment (US$ million) 2 2 1 5 Shopping 1,115 Centers 1,084 1,072 92
Slide 10: Falabella Retail: main events sales 4Q18
FALABELLA RETAIL MAIN EVENTS SALES 4Q18 Mn CLP; Annual Var (%) 1 opening in Chile New Crate & Barrel corner 13.2% -49.2% 4.8% -3.3% -4.2% was inaugurated in Chile. 840,757 458,896 153,295 179,860 48,706 Colombia Argentina Peru Chile Total SSS 9.9% 27.2% 0.3% -3.3% Var Local 7.7% 115.1% 3.5% -3.3
Slide 11: Sodimac: main events sales 4Q18
SODIMAC MAIN EVENTS SALES 4Q18 Mn CLP; Annual Var (%) 2 openings in Mexico 0.7% 12.5% -50.4% 9.0% 1.0% -0.5% 800,001 559,489 218,356 165,497 51,892 23,123 Brasil Colombia Argentina Peru Chile Total SSS 8.8% 7.7% 18.5% 3.7% -2.0% Var Local 11.2% 11.2% 122.9% 5.4% 1.0% Currency % 11
Slide 12: Tottus: main events sales 4Q18
TOTTUS MAIN EVENTS SALES 4Q18 Mn CLP; Annual Var (%) 1 opening Chile 1 Hiperbodega Precio Uno’ opening Peru 12.7% 0.8% 6.7% 431,796 227,780 204,016 Peru Chile Total SSS 3.5% -1.2% Var Local 8.6% 0.8% Currency % 12
Slide 13: Linio: main events NMV
LINIO MAIN EVENTS NMV 1 Mn CLP; Annual Var (%) Consolidation of Linio since A u g u s t 2 nd 17.1% 8.1% 25,865 30,291 81,165 87,767 4Q17 4Q18 12M17 12M18 1 NMV corresponds to Net Merchandise Value. A measure of the total sum in Chilean pesos of all transactions made through Linio, net of VAT 13
Slide 14: Falabella Financiero: main events gross loans 4Q18
FALABELLA FINANCIERO MAIN EVENTS GROSS LOANS 4Q18 Local Currency; Annual Var (%) Digital branches were opened in the region and 7.0% 41.2% -13% 7.9% new functionalities were added to mobile applications 6,084,299 In Mexico, the financial business ended the year with 132 financial branches. 3,625
Slide 15: Real Estate: main events EBITDA Plaza
REAL ESTATE MAIN EVENTS EBITDA PLAZA Mn CLP; EBITDA Margin (%) 251,563 222,408 61,376 70,209 78.8% 77.6% 79.3% 80.0% 4Q17 4Q18 12M17 12M18 43 3,20 Mn Shopping Centers M2 GLA between shopping centers and free standing 15
Slide 16: Investor relations contact
investors.falabella.com inversionistas@Falabella.cl Andrea González, Head IR Constanza Saver, IR Analyst Pablo Muñoz, IR Analyst