PowerPoint Presentation - Presentación de PowerPoint financiera... · 2017-10-13 · Webcast 1Q16...
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1 The date of this call is April 26, 2016. Before we start, let me remind you that the contents of this call is property of Wal-Mart de México S.A.B. de C.V. and is intended for the use of the company’s shareholders and the investment community. It should not be reproduced in any way. This call may contain certain references concerning Wal-Mart de Mexico 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´s 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.
Transcript of PowerPoint Presentation - Presentación de PowerPoint financiera... · 2017-10-13 · Webcast 1Q16...
1
The date of this call is April 26, 2016. Before we start, let me remind you that the contents of this call is property of Wal-Mart de México S.A.B. de C.V. and is intended for the use of the company’s shareholders and the investment community. It should not be reproduced in any way. This call may contain certain references concerning Wal-Mart de Mexico 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´s 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.
April 26th, 2016
Webcast 1Q16
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Sales
3
Strong total sales growth
4
10.3
7.5 9.9
13.2
Mexico Central Americaconstant currency
Walmexconstant currency
Walmex
1Q16 Growth (%)
Driven by robust and consistent same store sales growth throughout the business
5
4.9 7.7
9.3
5.0
14.2 12.7
Mexico Central America1Q15 1Q16 Two year stack
Growth (%)
Consistently outpacing the industry
6
3.6 5.7
9.3
1Q15 1Q16 2 year stack
Antad self service ex Walmex
5.0
9.4
14.4
1Q15 1Q16 2 year stack
+140 bps
+370 bps
+510 bps
Walmex self-service & Sam’s
SSS Growth (%)
Outperforming across all divisions
7
5.7 5.6 5.6
9.2 9.4 9.0 9.6
15.4
SSS growth Food andConsumables
GeneralMerchandise
Apparel
Antad self-service ex Walmex Walmex self-service & Sam's
1Q16 SSS Growth (%)
Self-service: grow sales
8
Operate for less Buy
for less
Sell for less
Grow sales
8.6
Food andConsumables
Perishables Seasonal
Consistency Accelerate Innovate
1Q16 SSS Growth (%)
Sam’s Club: grow sales
9
9.7
GeneralMerchandise
Electronics 1Q15 1Q16
+110 bps
1Q16 SSS Growth (%) Credit card sales contribution
Operate for less Buy
for less
Sell for less
Grow sales
Central America: grow sales
10
Leveraging agribusiness
General merchandise 5.0
CentralAmerica
Fresh GeneralMerchandise
Operate for less Buy
for less
Sell for less
Grow sales
Our strategy remains the same Grow earnings faster than sales leveraging expenses
Productivity loop
Double total sales in 10 years
~ CAGR +7 %
2014 Same StoreSales
NewStores
eCommerce 2024
~876
438
Operate for less Buy
for less
Sell for less
Grow sales
Mx$ Billion
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1Q16 Results
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Mexico: solid performance
21.5
22.0
Gross Margin
14.6
14.1
Expenses
9.1 10.0
EBITDA
1Q15 1Q16
13
Mexico: 1Q16 Results
14
1Q16 1Q15 % Growth (Mx$ million) $ % $ %
Total revenues 103,573 100.0 93,893 100.0 10.3 Gross margin 22,812 22.0 20,145 21.5 13.2 General expenses 14,619 14.1 13,721 14.6 6.5 Earnings before Other income 8,193 7.9 6,424 6.8 27.5 Other income 76 0.1 48 0.1 57.5 Operating income 8,269 8.0 6,472 6.9 27.8 EBITDA 10,395 10.0 8,532 9.1 21.8
Central America: solid performance
22.5
23.1
Gross Margin
17.6 17.5
Expenses
7.2
8.0
EBITDA
1Q15 1Q16
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Central America: 1Q16 Results
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1Q16 1Q15 % Growth (Mx$ million) $ % $ %
In peso terms
On a constant currency basis
Total revenues 22,875 100.0 17,830 100.0 28.3 7.4 Gross margin 5,286 23.1 4,006 22.5 32.0 10.5 General expenses 3,999 17.5 3,139 17.6 27.4 6.7 Earnings before Other income 1,287 5.6 867 4.9 48.5 24.3 Other income 12 0.1 2 0.0 5.4t 5.0t
Operating income 1,299 5.7 869 4.9 49.5 25.1 EBITDA 1,835 8.0 1,284 7.2 42.9 19.6
Walmex: 1Q16 Results
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1Q16 1Q15 % Growth (Mx$ million) $ % $ %
Total revenues 126,448 100.0 111,723 100.0 13.2 Gross margin 28,098 22.2 24,151 21.6 16.3 General expenses 18,618 14.7 16,860 15.1 10.4 Earnings before Other income 9,480 7.5 7,291 6.5 30.0 Other income 88 0.1 50 0.0 75.3 Operating income 9,568 7.6 7,341 6.6 30.3 EBITDA 12,230 9.7 9,816 8.8 24.6 Net income 6,718 5.3 5,174 4.6 29.9
Strong balance sheet
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175,892 196,408
49,599 48,681
TOTAL $ 246,007
(March 31, 2016, Mx$ million)
Cash 21,434
Inventories
Assets Liabilities &
Shareholders’ equity
Fixed assets & other
Suppliers
Shareholders’ equity & other
Cash Generation continues to be strong
10.8 10.5
8.3
10.3 10.6 9.8
10.4
4Q 4Q ex vouchers 1Q
2014 2015 2016
12 months cash generation as a % of total revenues
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Return to Shareholders: dividends
20
40% of 2015 earnings Extraordinary Total
Apr 26, 2016 0.14 0.64 0.78 Aug 23, 2016 0.14 0.14 Nov 22, 2016 0.14 0.48 0.62 Feb 21, 2017 0.14 0.14 TOTAL 0.56 1.12 1.68
Mx pesos per share
April 26th, 2016
Webcast 1Q16
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FCPA Please refer to our Note in the 2Q12 Financial Statements: Legal Proceedings in www.walmex.mx
