November 2015 This presentation may contain certain references concerning Wal-Mart de México S.A.B. de C.V. ’s future performance that should be considered as good faith estimates made by the Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance.
Opportunity: • Double total sales in the next 10 years • Consistently grow earnings faster than sales by leveraging expenses • Adapt the way we work to be more efficient
Opportunity: Double Total Sales in the next 10 Years Mx$ Billion ~ CAGR +7 % ~ 752 376 2014 Same Store New eCommerce 2024 Sales Stores
Same Store Sales: S olid Across the Business Jan – Oct 2015 Growth (%) 6.1 * 5.0 Mexico Central America * On a constant currency basis.
Mexico Self-Service: Same Store Sales Growth 2015 SSS Growth (%) 7.1 5.9 4.4 1Q 2Q 3Q
Mexico Self-Service: Outperforming the Industry January – October SSS Growth (%) Walmex Self-service ANTAD Self-service excluding Walmex 6.3 4.4 2.1 -0.9 2014 2015 2014 2015
Sam’s Club: Same Store Sales Growth SSS Growth (%) 6.8 4.6 4.6 1.0 -3.6 -4.8 -4.6 -11.6 1Q 2Q 3Q 2014 2015 2 year stack
Central America: Same Store Sales Growth SSS Growth (%) * 7.7 8.4 7.5 6.2 4.8 3.6 3.2 -0.2 1Q 2Q 3Q 2014 2015 2 year stack * On a constant currency basis.
Central America: Guatemala Underperforming SSS Growth (%) * 9.7 7.7 5.4 4.8 3.6 3.2 1Q 2Q 3Q Central America Excluding Guatemala * On a constant currency basis.
eCommerce: Leveraging Capabilities and Strengths Omni channel Integration Stores: Sales contribution eCommerce: Strategy Apparel Winning in Grocery Grocery Home Shopping General Merchandise Grocery General Merchandise Strong Player in General Apparel Merchandise
Sales from New Stores Build a stronger Multi-format Smaller & more pipeline growth efficient prototypes Contribution to Sales Contribution to Sales Average sales floor per Growth (Jan-Oct 2015) from new stores during store added during the last 5 years the last 5 years 2.8 Size reduction Large 2.0 44 5% Bodega 77 11% Walmart 11% 71 Sam's Large Bodegas Mi Bodega Bod A Express Walmart 0 20 40 60 80 Sam's Superama Mexico Central America Suburbia Thousand sq. ft.
Walmex: Total Sales January – October Growth (%) +10.8% +2.8% +8.0% +0.2% +2.1% +5.7% 2014 Same Store New Store eCommerce 2015 Currency 2015 Sales Sales Constant Effect Currency Walmex Mexico eCommerce Central America Currency effect
Cash Generation & Uses of Cash Cash from operations Mx$15.5 billion as of September 30, 2015 1. Growth eCommerce Technology Stores 2. Dividends 3. Share repurchase
Cash Generation & Uses of Cash (Mx$ Billion) Net Cash Generation 38.7 32.5 30.5 2012 2013 2014 Capex 14.0 12.4 12.4 2013 2014 2015e Dividends Share repurchase 32.2 Divestitures 24.3 4.0 3.3 28.9 1.7 17.3 16.3 2013 2014 2015 2013 2014 Jan-Oct 2015
Uses of Cash: Dividend Dividend per Share 1.84 Divestitures 0.19 1.38 0.40 0.92 1.65 0.98 2013 2014 2015 Dividend Yield 2.2 % 4.5 % 5.5 %
In Summary: Opportunity Next 10 Years • Double total sales in the next 10 years • Consistently grow earnings faster than sales by leveraging expenses Value for ALL our shareholders
November 2015 16
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