EARNINGS PRESENTATION First Quarter 2019
DISCLA SCLAIM IMER 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 number of risks and uncertainties including, but not limited to, the risks detailed in the company’s financial statements, and actual results could differ materially from those indicated by such forward-looking statements.
Our strategic priorities 01 02 03 04 05 Differentiated Value Scaling Up Logistics Financing and Data Analytics Technological Proposition And Fulfillment Payments and Business Platform Intelligence Development Buildi ding ng a di digita tal ecosyst system em leve verage raged d on our r unmatched matched ph physical sical assets ssets
1Q 1Q19 9 | continuous growth +163 Mn , of our online channels Visits to our retail platforms +2 Mn , TOTAL ONLINE SALES 45% YoY 7.5% Mn US; annual var. (%) Orders on our ecommerce sites 231 Online penetration ONLINE SALES 1Q19 +44.6% 160 31 US 159 Mn Growth NMV Falabel ella a Retail NMV Linio 18% penetration Ecommerce sales US 37 Mn 160 200 Home Improve vemen ment 1Q18 1Q19 US 4 Mn US 345 Mn , 50.4% Superma marke rkets ts 1Q19 financial products online sales; growth Note: This information does not include Linio
Market place performance NMV 1 Annual Var (%) 76.0% 62.4% 27.9% 38.6% FX neutral Chile Peru Colombia Others 1 NMV corresponds to Net Merchandise Value. A measure of the total sum of all transactions made through Linio, net of VAT
ASSORTMENT AVAILABLE Logistics capabilities and FOR DISPATCH IN 24 HRS. 1 network 76% Falabella Retail 71% Sodimac UNITS SOLD USING CLICK AND COLLECT Chile 38 logistics centers 766,000 Sq m 64% Falabella Retail Peru 13 logistics centers 1 Food Production Center +8000 Sqm 239,000 Sqm Colombia 7 logistics centers 139,000 Sqm 1. Information only for operation in Chile Mexico 2 logistic centers 18,000 Sqm Argentina 4 logistics centers 64,000 Sqm
FI FINA NANCIAL NCIAL RESULT LTS
1Q 1Q19 9 | Revenue 2.9% Growth REVENUES 3,319 3,226 Mn US; annual var. (%) 1Q18 1Q19
Gross ss pr profit it Pressured by sluggish consumer environment in Chile -3.0% Growth 34.9% Gross margin GROSS PROFIT 1,196 1,160 Mn US; annual var. (%) 1Q18 1Q19
Operating Income -22.1% Growth as reported As reported -25.3% 251 Excluding IFRS 16 IFRS 16 Effect OPERATING INCOME 323 241 Operating Income Mn US; annual var. (%) 7.6% 1Q18 1Q19 Operating Margin
Operating Income -10 10 -8 8 323 251 244 1Q18 OP 1Q19 ADJUSTED IAS 29 - OP LINIO - OP IFRS 16 1Q19 OP INCOME OP INCOME INCOME INCOME INCOME 11
Leverage Debt By Credito itor r Debt By Matur urity ity w/o Banking Operations w/o Banking Operations 5.4 years US$ 4,668 MM Duration Financial Debt w/o Banks Leverag rage (time mes) Net Financi nancial al Debt/ t/Ebitd Ebitda (time mes) s) w/o Banking Operations w/o Banking Operations 3.35 1.06 Mar 2019 Mar 2019 3.89 1.05 Mar 2018 Mar 2018
INFORMAT FORMATION ION BY BY SEGMENT ENT
Falabella Retail SALES 1Q19 Mn CLP; Annual Var (%) 11.5% -36.5% 8.3% 1.1% -0.2% 603.616 355.354 130.928 77.184 MAIN 40.151 EVENTS Colombia Argentina Peru Chile Total New functionalities and improvements to the mobile SSS 10.5% 32.4% 5.4% -3.6% app, among them, the possibility to obtain an attention number and click & collect coupons. Var Local 10.2% 24.1% 0.3% 1.1% Currency %
SODIMAC SALES 1Q19 Mn CLP; Annual Var (%) 1.1% 5.2% 11.7% -31.9% 8.6% 1.0% 809.582 571.848 201.661 163.126 MAIN 48.165 26.444 EVENTS Brasil Colombia Argentina Peru Chile Total SSS 3.1% 3.9% 23.2% 2.6% 2.4% Sodimac Ñuñoa store was reopened Var Local 10.1% 10.5% 33.2% 0.6% 1.0% Currency %
TOTTUS SALES 1Q19 Mn CLP; Annual Var (%) 13.7% 1.2% 7.2% 379.444 193.994 185.450 MAIN Peru Chile Total EVENTS SSS 6.0% 1.1% 2 openings Chile 1 Hiperbodega Precio Uno’ opening Peru Var Local 5.3% 1.2% Currency %
FINANCIAL SERVICES GROSS LOANS 1Q19 Mn CLP; Annual Var (%) -56.6 38.8% 0.8% 7.2% 3,660,486 MAIN EVENTS 685,616 622,167 84,332 On April 15th, Falabella agreed to sell Viajes Falabella in Chile, Colombia, Peru and Argentina Colombia Peru Chile Argentina, plus the license for use of the brand, to Despegar.com.
REAL ESTATE EBITDA PLAZA Mn CLP; EBITDA Margin (%) 62,890 58,814 MAIN 82.0% 81.4% EVENTS 1Q18 1Q19 43 3,20 Mn Mallplaza started the construction of the Mallplaza Comas shopping center in Peru, which Shopping Centers M2 GLA between shopping centers will have a surface area of 81,000 m 2 . and free standing
ANNEX NEX
1Q19 | Pro Forma Consolidate Statements excluding IFRS 16 IFRS S 16 1Q19 1Q19 adj djustme tments nts exc xcl. . IFRS S 16 Non-Banking Business Revenue 1.926.901 1.926.901 Banking Business Revenue 325.326 325.326 Total al Revenue ue 2.252 52.22 227 2.252 52.22 227 Non- Banking Cost of Goods Sold (1.323.019) (1.323.019) Banking Cost of Goods Sold (142.191) (142.191) Gross ss Prof ofit it 787.0 .017 7 787.0 .017 7 S,G&A (616.397) (7.087) (623.484) Operating Income 170.620 (7.087) 163.533 Depreciation and Amortizations 108.622 (27.365) 81.257 EBIT ITDA 279.2 .242 42 (34.4 .452 52) 244. 4.79 790 0 Net Financial Income / (Costs) (49.829) 8.740 (41.089) Exchange Rate Difference 511 (2.286) (1775)
investor ors.fala labell lla.com inversionis istas@Fala labell lla.cl Andrea Gon An Gonzále lez, , Head IR Con Constanza Sa Saver, IR Analyst Pabl ablo Muñoz, , IR Analyst
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