Post on 18-Jun-2020
1Q17 Earnings Presentation
2 Agenda
Famsa Mexico……..……………………….……. 9
Famsa USA..……………………….....................11
Banco Famsa.…………………….….…………….. 13
Financial Position Items..………...….................................18
Consolidated Results………..………………..……72
3
4
5
7
1Q17
Recent Developments………..……………..………….31
Consolidated Results………..………………….……166
Recent Developments
4 Recent Developments
Progress in the monetization of the contributed assets: Banco del Bajio selected as Trustee.
Guarantee Trust formally stablished on April, 20 2017
20 properties with a combined value of Ps.2,006 million were contributed to the trust
Sell transactions of 10 properties located in the states of San Luis Potosi, Edo. Mex.,Tamaulipas, Chihuahua and Nuevo Leon were completed, amounting to Ps.827 million
The remaining properties (25), with a combined value of Ps.2,258 million, are currently ina sales process, for which a significant advancement in their monetization is expected asof June 30, 2017
5 Stores
Retail Stores & Banking
Business Units
1Q17 Openings Closures 4Q16 1Q16 ∆% YoY
Total 868 1 19 886 920 (5.7%)Stores 429 0 5 434 431 (0.5%)
Famsa Mexico 377 0 3 380 377 0.0%
Famsa USA 26 0 0 26 26 0.0%
PL USA Branches 26 0 2 28 28 (7.1%)
Banking Branches¹ 395 1 5 399 401 (1.5%)
To be Conv. Bches.² 44 0 9 53 88 (50.0%)
6
18,71517,771
17,088 17,039 16,830
705
691
648 628555
19,420
18,462
17,736 17,66717,385
1Q16 2Q16 3Q16 4Q16 1Q17
Famsa USA
Famsa MX
-2.0%
Employees
-5.8%
-1.6%
-10.5%
Consolidated Results
8
377 377
26 2628 26
401 395
88 44
1Q16 1Q17
85.4% 87.7%
14.6% 12.3%3,840 3,979
1Q16 1Q17
Famsa USA
Famsa MX
Consolidated Results
Business-units Retail-area
Net Sales by product mix
Same Store Sales (SSS)
(Millions of MXP)
+3.6%
Net Sales grew by 3.6% YoY in 1Q17.
(Millions of MXP)
449 449
66 664 441 406 3
1Q16-m2* 1Q17-m2*
To be converted branchesBanking branchesBranches
Stores USA
Stores MX
-5.7% -0.9%
*m2 in thousands.
562567920 868
1Q16 1Q17
Total +10.7% 2.3%
Famsa MX +10.0% +6.0%Famsa USA* (3.9%) (24.1%)
* Excluding exchange rate effect
21.2%31.8%
17.0%14.4%
12.7%9.4%
12.9%13.3%9.9%9.5%5.7%6.1%3.4% 3.0%1.9% 1.9%0.7%
0.8%14.0% 9.3%0.6% 0.4%
1Q16 1Q17
Famsa-to-FamsaOthersSeasonal goodsClothesComputersMotorcyclesMobile phonesAppliancesElectronicsFurniturePersonal loans
3,840 3,979
1 Including intercompany and others
Net Sales by country1
Famsa Mexico
10
22.7%34.0%
10.8%9.5%12.9%9.1%
13.0%13.3%
11.6%10.9%6.6%7.0%3.7%
3.1%2.2%
2.2%0.8%
0.9%15.7%10.0%
3,2503,460
1Q16 1Q17
Others
SeasonalGoodsClothes
Computers
Motorcycles
Mobile Phones
Appliances
Electronics
Furniture
Loans
Famsa Mexico
Same Store Sales (SSS)
Sales by product mix Sales growth by product category (1Q17)
Contribution of Personal Loans, Seasonal Goods, Motorcycles and Appliances stood out in 1Q17.
(Millions of MXP)
7.5% 10.0%8.0%
11.5%10.0%
6.9%6.8%
12.4%
6.0%
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
Famsa MXANTAD
-6% -1%8% 9% 12% 13%
60%
Elec
tron
ics
Com
pute
rs
Furn
iture
Mob
ile P
hone
s
Clo
thes
App
lianc
es
Mot
orcy
cles
Seas
onal
Goo
ds
Loan
s
-8%-25%
Famsa USA
12 Famsa USA
Sales by product mix(Millions of MXP)
562487
1Q16 1Q17
MXP: -13.3%USD: -24.1%
Net Sales (Millions of MXP)
F to F
1Q17 Famsa USA Net Sales in USD decreased by 24.1% following a weak demand due to the political uncertainty in the United States.
53.6%48.0%
12.4%12.2%
11.1%
11.0%
12.2%19.2%
4.4% 3.3%4.3% 4.3%
2.0%2.0%
562 487
1Q16 1Q17
Computers
Others
Famsa to Famsa
Loans
Electronics
Appliances
Furniture
Banco Famsa
14
18,611 19,742 21,166 21,063 21,675
1Q16 2Q16 3Q16 4Q16 1Q17
Banco FamsaBank deposits as of March 31, 2017 increased by 16.5% above 1Q16, amounting to Ps.21,675 million.
Demand deposits12%
Opnl Availability
21%Time Deposits
67%
1Q16
Demand deposits11% Opnl
Availability16%
Time Deposits
73%
1Q17Bank Deposits Mix
(Millions of MXP)
Famsa card, credit cards, microcredits, SMEs,
Fovisste, enterprises,Credinero and Prendinero
Deposits
e-Banking, ATMs, payroll, TPVs,
remittances, money orders and insurance
Savings, payroll, checks and investments
Services
Loans
Bank Deposits +16.5%
4.1% 4.1% 4.3% 4.5%5.0%
Funding Cost
15
4,1983,618
4,169 4,0044,483
1Q16 2Q16 3Q16 4Q16 1Q17
Banco Famsa
13.3%11.9%
10.4% 9.8% 8.7% 9.1% 8.8% 8.5% 8.5%
Mar
'15
Jun'
15
Sep'
15
Dic
'15
Mar
'16
Jun'
16
Sep'
16
Dic
'16
Mar
'17
Non-performing Loans Ratio (NPL)**
*Gross Balance**Includes credits discounted by payrollSource: Banco Famsa
Portfolio of Loans*
The Non-Performing loans ratio (NPL) ended at 8.5%, 20 bps. given the strengthening of our credit base.
+6.8%(Millions of MXP)Portfolio of Loans Mix
PYME36%
Microcredit3%
Empresarial44%
Others17%
1Q16
PYME12%Microcredit
3%
Empresarial49%
Others17%
Financiero19%
1Q17
2.5% 2.3% 2.2% 2.1% 1.8%
Commercial NPL ratio
Consolidated Results
17
375428
44
-11
419 416
1Q16 1Q17
Famsa USA
Famsa MX
10.9% 10.5%
Financial expenses(1)
Consolidated Results
1,578 1,673
293 2321,871 1,905
1Q16 1Q17
Famsa USA
Famsa MX
47.9%48.7%
+1.8%Gross Profit EBITDA
(Millions of MXP)Net Income(Millions of MXP)
(Millions of MXP)(Millions of MXP)
216 260
1Q16 1Q17
6.5%5.6%
+20.6%
158
326
1Q16 1Q17
4.1% 8.2%
+105.9%
(1) Financial expenses= Interest paid
-0.7%
Financial Position Items
19
2,268 2,163
315 2552,583 2,418
4Q16 1Q17
Famsa USA
Famsa MX
21,063 21,675
8,497 8,14129,560 29,816
4Q16 1Q17
Net debt
Bank deposits
Financial Position Items
Net debt & bank deposits
-4.7%
5.7%
1.2%2.8%
Trade receivables
Inventories Stockholders’ equity
11.6%
2.8%
8,315 8,493
4Q16 1Q17
+2.7% +0.9%
+2.1%
(Millions of MXP) (Millions of MXP)
(Millions of MXP) (Millions of MXP)
11.6%
-6.4%
19,583 20,372
3,691 4,0212,619 2,18825,893 26,581
4Q16 1Q17
Consumer USA
Commercial MX
Consumer MX
20
68% 70%
23% 21%9% 9%
31,064 30,890
4T16 1T17Bank Deposits Debt Securities Bank Loans
-7.9%
Financial Position Items: Debt Structure
10,001 9,215
Debt Profile(Millions of MXP)
Debt Maturity Profile(Millions of MXP)
Funding Sources(Millions of MXP) -0.6%
1,794
1,298
501 597
298 4,727
2017 2018 > 2019Debt Certificates Bank Loans Foreign Debt
3,390
501
5,324
23% 19%20% 26%
57% 55%
4T16 1T17Debt Certificates Bank Loans Foreign Debt
** Includes local notes and foreign senior notes and bond 144A Reg S.
21 Note on Forward-Looking Statements
This presentation contains, or may be deemed to contain, forward-looking statements. By theirnature, forward-looking statements involve risks and uncertainties because they relate to eventsand depend on circumstances that may or may not occur in the future. The future results ofGrupo Famsa, S.A.B. de C.V. and its subsidiaries may differ from the results expressed in, orimplied by, the forward-looking statements set out herein, possibly to a material degree.
22
InvestorRelations
Paloma Arellanopaloma.arellano@famsa.com
+52 (81) 8389 3405
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