Companhia Brasileira De Distribuicao · BMFBOVESPA:PCAR3
Companhia Brasileira De Distribuicao — Q2 2024 Earnings Presentation
16 slides from Companhia Brasileira De Distribuicao's earnings presentation, Aug 7, 2024
Slide 1: 2Q24 Earnings Presentation
2Q24 EARNINGS PRESENTATION August 7th, 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: 2Q24 Highlights
2Q24 HIGHLIGHTS Marcelo Pimentel, CEO 3
Slide 4: 2Q24 Highlights
2Q24 HIGHLIGHTS Gross Revenue GPA Solid operational progress with record on Gross Margin of 28,2. Adjusted EBITDA Margin increases by 2.1 p.p. and financial leverage shows sequential reduction +3.4% Same Store(1) • Record Gross Margin of 28.2%, an improvement of 1.9 p.p. vs. 2Q23, with accelerated c
Slide 5: 2Q24 Strategic Pillars Highlights
2Q24 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 01 TOP LINE Acceleration in Growth of same-store sales of proximity format Market share(1) in São Paulo improves 0.7 p.p. vs. 2Q23 and 2.4 p.p. in the last two years Proximity format gains 2.8 p.p. of market s
Slide 6: 2Q24 Strategic Pillars Highlights
2Q24 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 04 EXPANSION 10 stores opened in 2Q24 9 Proximity stores: 6 Minuto Pão de Açúcar, 3 Mini Extra 1 store of Pão de Açúcar in Campinas – São Paulo 51 stores opened in the last 12 months 47 Proximity stores: 39 Mi
Slide 7: 2Q24 Strategic Pillars Highlights
2Q24 STRATEGIC PILLARS HIGHLIGHTS CONSISTENCY AND CONTINUOUS IMPROVEMENTS OF RESULTS 06 ESG & CULTURE Social impact and promotion of opportunities Instituto GPA donated 10 tons of food to the population affected by the rains in Rio Grande do Sul, in addition to the 64 tons donated by our customers,
Slide 8: Financial Performance
FINANCIAL PERFORMANCE Rafael Russowsky, CFO 8
Slide 9: Total Sales
FINANCIAL PERFORMANCE TOTAL SALES (R$ million) GPA Total Sales totaled R$ 4.8 billion in 2Q24 with an increase of 2.1%, acceleration of the growth in May and June, after a strong seasonal impact in April +3,4% SAME STORE SALES 2.1% Same Store Sales growth of 3.4%(1) compared to 2Q23 4,688 4,787 In e
Slide 10: Profitability
FINANCIAL PERFORMANCE PROFITABILITY GROSS PROFIT (R$ million) & MARGIN (%) Gross Margin increase, as a result of (i) +1.9 p.p. acceleration of gains in commercial negotiations; 28.2% (ii) beginning of capturing gains from the 27.2% 26.3% 26.6% 27.0% promotional efficiency improvement project; (iii)
Slide 11: Net Income/Loss
FINANCIAL PERFORMANCE NET INCOME/LOSS(1) CONTINUED ACTIVITIES (R$ million) 2Q23 2Q24 +95 -173 100 57 -267 -272 -324 Net Income/Loss Non recognition Adjusted Net Net Income/Loss Non recognition Adjusted Net 2Q23 of credits of Income/Loss 2Q23 2Q24 of credits of Income/Loss 2Q24 Income Tax/CSLL Income
Slide 12: Managerial Cash Flow – Net Debt Variation
FINANCIAL PERFORMANCE MANAGERIAL CASH FLOW – NET DEBT VARIATION LTM 2Q24 LTM 2Q23 Δ R$ Adjusted EBITDA GPA Brazil pre-IFRS 16 620 275 345 (-) Equity Income (Brazil) (59) (50) (10) LTM Operational Free Cash Flow of R$ 272 million in 2Q24, a significant improvement of R$ 498 Working Capital of Goods V
Slide 13: Net Debt
FINANCIAL PERFORMANCE NET DEBT(1) Net Debt (R$ million) Reduction -1.160 2.944 559 34 753 432 1.784 2.382 606 Operating Free Cash Flow(2) R$ 272 million 888 Net Debt 2Q23 Adjusted EBITDA Working Capital Other Operational Adjusted Capex Sale of assets Other Operating Net Financial Net Debt 2Q24 pre-I
Slide 14: Q&A
Q&A www.gpari.com.br Qn ti PGodeActicar
Slide 15: Final Messages
FINAL MESSAGES Marcelo Pimentel, CEO 15
Slide 16: Final Messages – Strategic Pillars
FINAL MESSAGES STRATEGIC PILLARS 16
GPA (Companhia Brasileira de Distribuição) — Q2 2024 Earnings Presentation on 6ix