Corporate Presentation October 2016 Corporate Presentation | The - PowerPoint PPT Presentation

Corporate Presentation October 2016

Corporate Presentation | The Company | 2 Index The Company Strategy Opportunities by Country Financials

Corporate Presentation | The Company | 3 Cencosud in the Region • • • • • 245 Supermakets 283 Supermarkets 211 Supermarkets 89 Supermarkets 102 Supermarkets • • • • • 35 Home Improvement 51 Home Improvement Atacarejo format 9 Department Stores 10 Home Improvement • • • • • 78 Department Store 22 Shopping Centers 3 different regions 4 Shopping Centers 2 Shopping Centers • • • • • 25 Shopping Centers Financial Services JV Bradesco Financial Services JV Colpatria • JV Scotiabank Since Since Since Since Since 1978 1982 2007 2008 2012

Corporate Presentation | The Company | 4 Regional Presence / Market Share 1 137.400 3º SUPERMARKETS 2º HOME IMPROVEMENT Employees 4 º SUPERMARKETS NORDESTE (#2) MINAS GERAIS (#1) RIO DE JANEIRO (#3) 60 MM 1 st SUPERMARKETS 220 MM 4 th DEPARTMENT STORES Tickets Clients Monthly 15 2 º SUPERMARKETS 2 º HOME IMPROVEMENT Brands 2 º SHOPPING CENTERS 2 º SUPERMARKETS 2 º DEPARTMENT STORES 1 º HOME IMPROVEMENT 2 º SHOPPING CENTERS 1. As of june 30 th , 2016

Corporate Presentation | The Company | 5 Relevant brand portfolio with high consumer awareness 930 Supermarkets 53 96 Home Shopping Center Improvement 87 Brands focused on high and medium/low Department segments Stores

Corporate Presentation | The Company | 6 Breakdown by Country: Revenues LTM 1 8.3% Andean Region Atlantic Coast 9.5% 6,424 USD MM 2,361 USD MM 39.7% Chile 1,545 USD MM 4,526 USD MM Argentina USD 16,197 MM Brasil 14.6% 1,341 USD MM Perú Colombia 27.9% 1. Exchange Rates: June, 2016 (CLP/USD = 661,4)

Corporate Presentation | The Company | 7 Breakdown by Country: Adjusted EBITDA 1 LTM 2 4.6% Andean Region Atlantic Coast 10.1% 662 USD MM 26 USD MM Chile 2.1% Argentina 125 USD MM 362 USD MM Brasil USD 1,231 MM Perú 56 USD MM Colombia 53.8% 29.4% 1. Adjusted EBITDA: Corresponds to EBITDA +/- Exchange Variations +/- Asset Revaluation +/- Result of Indexed Units. 2. Exchange Rates: June, 2016 (CLP/USD = 661,4)

Corporate Presentation | The Company | 8 Breakdown by Business: Revenues LTM 1 11,748 USD MM 2.3% 1.6% 10.2% Supermercados Supermarkets 2,134 USD MM Mejoramiento del Hogar Home Improvement 1,651 USD MM Tiendas por Departamento 13.2% Department Stores USD 16.197 MM 26 USD MM Servicios Financieros Financial Services Centros Comerciales Shopping Centers 362 USD MM 72.5% 1. Exchange Rates: June, 2016 (CLP/USD = 661,4) 1. Shopping Centers figure only reflect contribution by third parties

Corporate Presentation | The Company | 9 Breakdown by Region: Adjusted EBITDA LTM 1 51.0% 696 USD MM 21.1% Supermercados Supermarkets 193 USD MM Mejoramiento del Hogar Home Improvement USD 1.231 MM 7.7% 82 USD MM Tiendas por Departamento Department Stores Servicios Financieros Financial Services 105 USD MM 6.0% Centros Comerciales Shopping Centers 288 USD MM 14.1% 1. Exchange Rates: June, 2016 (CLP/USD = 661,4) 1. Shopping Centers figure only reflect contribution by third parties

Corporate Presentation | The Company | 10 A story of sustained regional growth 16.2 16.7 16.2 15.5 14.3 11.8 9.7 9.5 8.6 5.9 4.8 3.9 2.2 1976 1982 1988 1993 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 LTM 2T16 1. Values using Exchange Rates at the end of each period

Corporate Presentation | The Company | 11 Growth reflected in the size of our operations Jun 2010 – Jun 2016 / Thousands M 2 Surface +77% +70% +19% +77% 2,007 2.386 799 416 672 1,136 1.405 234 2010 2016 2010 2016 2010 2016 2010 2016 Supermarkets Shopping Home Department Center 1 Improvement Stores 1. Total M 2 in shopping centers includes leases to related companies

Corporate Presentation | Focos Estratégicos | 12 Index The Company Strategy Opportunities by Country Financials

Corporate Presentation | Strategy | 13 Guidance and Investment Plan 2016 - 2019 Distribution by type of investment For the period 2016 – 2019 investment 18% Organic Growth and Organic contemplates US$ 2.500 million, to be Renovation Growth Plan financed mainly by the generation of Technology, Logistics & 22% own resources Omnicanal 60% Maintenance & Current Capex 1. Cost Efficiency and Profitability 2. Omni-quality Working 3. Financial Strengthening Spotlights 4. Shopping Centers IPO 5. Non-strategic assets divesting

Corporate Presentation | Strategy | 14 Strategic Pillars – 1.Clients Internal Client Happiness iness at Work and Pr Productiv ivit ity Cencosud ADN We define 6 key competences that build Culture 1. Costumer - Centered 2. Individual talents at the service of the Team 3. Permanent evolution and challenges 4. Strong culture focused on People 5. Owner Mentality 6. Accountability Consumer From m transac saction ion to emoti motion 1. Promises generation 2. Focus on the experience as a central axis 3. Authority in relevant / available categories 4. Check out speed Speed ​and impeccability in post sale service 5. 6. CRM: knowledge and fidelization

Corporate Presentation | Strategy | 15 Strategic Pillars – 2.Trends 1. Sustainability & Entry to DJSI Buy online and we deliver it Buy in the Store and 2. Healthy Life we deliver it Buy online and pick up with your car 3. Omnichannel Strategy Development Buy with your phone and we deliver it 4. Fidelity & Datamining Buy online and pick it up in the nearest locker 5. Mobility Buy online and pick up them from your closest Jumbo

Corporate Presentation | Strategy | 16 Strategic Pillars – 3.Profitability  Corporate Strategy Plan 1. Review of the route and role of each business unit within the portfolio 2. Ensure capital allocation alignment 3. Same methodology for the entire organization  Productivity and Efficiency 1. Review of structures and headcount 2. Non-core assets and landbank divestiture 3. Inventory health (Aging) 4. Energy Efficiency 5. Organic growth 6. SG&A growing below income 7. Centralization of productive processes 8. Technology at the service of stores and costumers  Program for Stores with Negative EBITDA  Own Brands  Regional Trade Synergies

Corporate Presentation | Opportunities by Country | 17 Index The Company Strategy Opportunities by Country Financials

Corporate Presentation | Opportunities by Country | 18 Opportunities by Country - Argentina We expect a change in the economy trend for 2017: Strong project pipeline, in our own land Closeness format at Jumbo The market is increasing its formality level The market is opening to imports We are leaders in e-commerce Consolidated team / strong local player

Corporate Presentation | Opportunities by Country | 19 Opportunities by Country - Brazil End of recession, growth from 2018 Renowned brands, with history and prestige in their markets We have a successful Atacarejo format, with positive growth We have built a local team of excellent level, acknowledged by the market Transformational initiatives in supply chain, pricing, selection and efficiency Commercial synergies, improving margin and competitiveness

Corporate Presentation | Opportunities by Country | 20 Opportunities by Country -Chile A country with a solid economy, growing below its potential Key openings for our main brands Landbank of 2.7 mm sqm Full multiformat, 6 retail flags + shopping + financial services Strong growth of the financial business together with scotiabank Leaders in e-commerce food, strong growth in non-food Costaner Costan era a pr projec oject ex expa pansion nsion

Corporate Presentation | Opportunities by Country | 21 Opportunities by Country - Perú Political change, confidence in the country’s economy Higher growth and lower inflation expectations Young country: 2/3 of the population in full production, savings and investment capacity Low penetration of the modern channel Potential for a 3 times growth of Paris share Excellent land bank Wong with an unbeatable positioning in the high segment The best loyalty program - bonus Strong development of own brand

Corporate Presentation | Opportunities by Country | 22 Opportunities by Country - Colombia Consolidated team with experience in the local market We grow more than our main competitors Omnichannel, e-commerce and telephone sales development Profitability opportunity for our current assets Our brands are consolidating Great development potential together with landbak and unrivalled locations Easy format showing 2-digit growth for the last 2 quarters

Corporate Presentation | Financials | 23 Index The Company Strategy Oportunities by Country Financials

Corporate Presentation | Financials | 24 Key Figures Revenues (USD Bn) 1 Adj. EBITDA (USD Mn) 1 16.8 1,231 16.2 16.2 15.3 1,115 1,101 13.8 1,035 979 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 LTM Jun LTM Jun Adj. EBITDA (% Revenues) 1 Adj. EBITDA / M 2 7.6% 7.2% 7.1% 6.9% 6.2% 281 268 260 254 234 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 LTM Jun LTM Jun 1. Figures translated into USD at end of period exchange rate as of June 2016 (CLP/USD 661.4)