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8/17/2019 Corporate Presentation Falabella 2015
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SACI FALABELLA
CORPORATE PRESENTATION
AUGUST 2015
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CONTENTS
• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
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FIVE BUSINESS UNITS – 126 YEARS OF HISTORY
3
DEPARTMENTSTORES
HOMEIMPROVEMENT
SUPERMARKETSFINANCIALSERVICES
REAL ESTATE
US$ 4,055 m
Revenues
US$ 5,713m
Revenues1
US$ 1,986 m
Revenues
US$ 6,038 m
Loan Book
2.0 million
m2
GLA2
1 million m2 of additional GLAin free standing stores in the
region.
100 stores 244 stores 102 stores4.7 million
CMR accounts20 / 19
Malls / Power& Shopping
Centers
Note: Revenues as of June 2015 LTM. Number of stores/malls as of August 25th 2015. Number of CMR accounts as of June 2015. FX rates as of July 1 st, 2015 (639.04 CLP/US$).Data includes Sodimac Colombia and Aventura Plaza, which do not consolidate.1. Does not include Uruguay revenue.2. The Falabella Group owns 991.000 m2 of additional GLA in free standing stores across the region.
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PRESENCE IN 6 COUNTRIES IN LATIN AMERICA
4Note: Number of stores and sales area as of August 25
th
2015. Number of CMR accounts with balance and employees as of June 2015.Includes Sodimac Colombia and Aventura Plaza in Peru, which the Company does not consolidate.
DEPARTMENT STORESHOME
IMPROVEMENTSUPERMARKETS FINANCIAL SERVICES REAL ESTATE
45 stores304,000 m2
85 stores703,000 m2
53 stores187,000 m2
2,353,000 activeCMR cards
25 malls1,422,000 m2 GLA
26 stores
162,000 m2
57 stores
372,000 m2
49 stores
182,000 m2
1,033,000 active
CMR cards
18 stores114,000 m2
35 stores338,000 m2
817,000 activeCMR cards
11 stores58,000 m2
8 stores84,000 m2
519,000 activeCMR cards
58 stores132,000 m2
1 store12,000 m2
13 malls
521,000 m2 GLA
1 mall26,000 m2 GLA
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KEY FIGURES
5Note: Revenues and EBIDA does not consider Sodimac Colombia and Aventura Plaza in Peru, which do not consolidate.
Number of stores and sales area as of August 25th 2015.
CMRAccounts 446stores 39malls
LoanBook
2,649,000 m2
sales area
1,969,000 m2
GLA
6,038 M US$ +4,722,000
TotalRevenues
12,475 M US$
Mix by Country (LTM)
+49,900
+29,200
+14,600
+5,500
+3,500
+200
Employees in the Region
Main Figures
59%
25%
6%
7% 2%
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CONTENTS
• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
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KEY INVESTMENT HIGHLIGHTS
7
1. 2. 3. 4.
5. 6. 7.
Leadership
in Latamacross
formats Responsiblegrowthstrategy
Customercentric strategy
Experiencedmanagement
team
Differentiatingbrands
Sustainablebusiness
development
Corporategovernance
practices
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CMR Accounts
2,353,000
1,033,000
817,000
519,000
Revenues
1,003 M US$
983 M US$
Revenues
2,986 M US$
891 M US$
1,275 M US$
263 M US$
297 M US$
1. LEADERSHIP IN LATAM ACROSS FORMATS
8
Home Improvement Financial ServicesRevenues
2,040 M US$
895 M US$
581 M US$
538 M US$Only relevant player
Department Stores Real Estate
25 Shopping Malls
GLA 1.4 M m²
13 Shopping Malls
GLA 0.5 M m²
1 Shopping Mall
SupermarketsMarket position
Department Stores in Chile Home Improvement in Chile Supermarkets in Peru
1. Revenues as of June 2015 LTM. Number of CMR accounts, malls and GLA as of June 2015. FX rates as of July 1st
, 2015 (639.04 CLP/US$).2. Sales per square meter as of March 2015. FX rates as of April 1st, 2015 (626,67 CLP/US$). Tottus’ sales area excludes check out area, in order to compare with peer’s reported sales persquare meter.
Sales / m2 (US$)2
#1
#1
#1
#1
#1
#1
Market position Market position
#2
#3
#4
#4
Market position Market position
#1
#1
#1
#1
Market Position1
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2013
2. RESPONSIBLE GROWTH STRATEGY
9
2002 2003 2004 2006 2007 2014
Launch ofMóvil
Falabella
Falabellaacquires
San Franciscoin Chile
First Tottusopenedin Peru
Falabella &CMR enterColombia
SodimacacquiresDicicoin Brazil
SodimacacquiresImperialin Chile
1980 1990 1993-5
FalabellalaunchesCMR
Falabelladevelops its
first shoppingcenter
Mall Plaza
Entry toArgentina, Peruand Colombia
SodimacacquiresMaestroin Peru
19991998
BancoFalabellalaunched
in Chile
2005 2010-112001
Falabella.comlaunchedin Chile
Falabella.comlaunched
in Argentina
Sodimac.comlaunched
in Peru
Sodimac.comlaunched
in Colombia
Tottus.comlaunched in
Peru
Sodimac.comlaunched
in Chile
2008
Falabellaacquires
Casa Estrellain Colombia
Mall Plazaacquires MallLas Americas
in Chile
Sodimac opens first Homecenterstores in Brazil and Uruguay
2015
Organic Initiatives
Mergers & Acquisitions
Falabella.comlaunched
in Colombia
Tottus.comlaunched in
Chile
Falabella &Sodimacmerge
2009
Launch ofHomy
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Investment Plan 2015 - 2018
10
Investment (US$ m)
investment for thenext 4 years
Store and Mall Openings
140 stores
11 malls
Note: Figures include 100% of the investment in fixed assets, including Sodimac Colombia and Aventura Plaza, which the Falabella Group does not consolidate in the Financial Statements.
US$ 4.4 bn
INVESTMENT PLAN 2015 - 2018
Stores Malls
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3. DIFFERENTIATING BRANDS
11
Exclusive Brands
Private Labels
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4. CUSTOMER CENTRIC STRATEGY
12
+290million
transactions in ourretail businesses
350million
visits to ourshopping centers
in the region
+4.7million
CMR accountswith a balance
+1.4million
bank accounts withBanco Falabella
Passengerstravelled using
Viajes Falabella
300,000
CommercialPlatform
Self ServiceStations
ATM
ContactCenter
Points ofSale
SocialNetworks
MobileApps
Websites
→ →
→ → When does
she purchaseWhat does
she like
How muchdoes shespend
Means ofpayment
What doesshe buy
Wheredoes shepurchase
→→
Our Customers1
Customer knowledge through consistent interaction
1. Number of CMR accounts as of June 2015. Other data as of December 2014.
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5. EXPERIENCED MANAGEMENT TEAM
13
CEO- 20 years -
GeneralCounsel
- 20 years -
Peru CountryManager
- 26 years -
ColombiaCountry
Manager - 20 years -
ChiefPlanning andDevelopment
Officer- 6 years -
CFO- 8 years -
ArgentinaCountry
Manager - 16 years -
Brazil CountryManager - 2 years -
CIO- 23 years -
DepartmentStores GM- 15 years -
HomeImprovement
GM- 13 years -
SupermarketsGM
- 13 years -
FinancialServices GM
- 6 years -
Mall PlazaGM
- 25 years -
Open PlazaGM
- 20 years -
+102,900employees
46%women
+75,000employeesevaluated
+3.6million hoursof training
30%of employees
belong to a union.53% in Chile.
16 yearsin average
in the Group
Note: Number of employees as of June 2015. Other figures as of December 2014.
Main Executives
Employees
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6. SUSTAINABLE BUSINESS DEVELOPMENT
14
57 courses taught in17 schools from
Haciendo Escuela
FinancialEducation
Program
Implemented inlow- income
schools
Partnership with
18 certified stores and1 shopping center
with LEEDpre-certification
30 stores and19 eco-friendly
shopping centers
91schools+81,000
students benefited
HaciendoEscuela
specialist workers
Círculo deEspecialistas
Note: Information as of December 2014.
+20,000 suppliers
50% SMEs
Community
Suppliers Environment
HealthyEating
Program
BibliotecaViva
9 libraries inside malls155,000 materials
provided
+350,000
Falabella
Sodimac
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7. CORPORATE GOVERNANCE PRACTICES
15Note: Information as of 31st March2015
AuditCommittee
StrategyCommittee
Compensationand TalentCommittee
Presence of anindependentdirector at
holding leveland in relevant
subsidiaries
Chairman
Carlo Solari Donaggio
Vice-Chairman
Juan Carlos Cortés Solari
Directors
José Luis del Rio Goudie
Sergio Cardone Solari
Carolina del Rio Goudie
María Cecilia Karlezi SolariPaola Cuneo Queirolo
Carlos Alberto Heller Solari
Independent Director
Hernán Büchi Buc
ControllingGroup
consisting of7 families
Free Float19%
ControllingGroup
81%
Board of Directors Board Committee
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CONTENTS
• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
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CONSOLIDATED STATEMENTS
17Note: Financial information at FX rates as of July 1st, 2015 (639.04 CLP/US$).
Income Statement
(USD Million) 2Q14 2Q15 Var % 1S14 1S15 Var %
Total Revenues 2,845 3,133 10.1% 5,543 6,183 11.6%
Gross Profit 994 1,121 12.8% 1,919 2,172 13.2%
Gross Margin 34.9% 35.8% 34.6% 35.1%
SG&A Expenses (701) (799) 14.0% (1,366) (1,562) 14.3%
SG&A / Revenues (24.6%) (25.5%) (24.7%) (25.3%)
Operational Income 293 322 9.9% 553 610 10.4%
Operational Margin 10.3% 10.3% 10.0% 9.9%
Depreciation + Amortization 77 90 152 181
EBITDA 370 411 11.2% 704 791 12.3%
EBITDA Margin 13.0% 13.1% 12.7% 12.8%
Other Income / (Expenses) (2) 1 1 (6)
Net Financial Income / (Cost) (72) (79) (125) (123)
Profit / (Loss) in Associates 7 8 18 19
Exchange Rate Differences (5) (1) (24) (16)
Non-Operating Profit (71) (70) (1.2%) (131) (126) (4.2%)
Profit Before Tax Expenses 221 251 13.5% 422 485 14.9%
Income Tax (43) (54) (82) (108)
Minority Interest (15) (16) (29) (30)
Net Profit / (Loss) 164 181 10.0% 311 346 11.5%
Net Margin 5.8% 5.8% 5.6% 5.6%
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CONSOLIDATED STATEMENTS
18
Note: Financial information at FX rate as of July 1st, 2015 (639.04 CLP/US$).
Balance Sheet
(USD Million) Dec 14 Jun 15 (USD Million) Dec 14 Jun 15
Cash & cash equivalents 331 274 Other current financial liabilities 1,153 1,123
Current trade & other receivables 2,286 2,361 Current trade & other payables 1,512 1,275
Inventories 1,595 1,603 Others 448 396
Others 277 267
Total Non-Banking Current Assets 4,489 4,506 Total Non-Banking Current Liabilities 3,112 2,794
Non-Current trade & other receivables 323 316 Other non-current financial liabilities 3,625 3,828
Goodwill 724 716 Others 685 687
PP&E & Investment properties 6,638 6,724Others 891 1,006
Tot al Non-Banking Non-Current Asset s 8,575 8,762 Tot al Non-Banking Non-Current Liab. 4,310 4,515
Total Non-Banking Operations Assets 13,064 13,267 Total Non-Banking Oper. Liabilities 7,421 7,309
Loans & accounts receivable from clients 3,412 3,588 Total Banking Oper. Liabilit ies 3,857 4,281
Others 1,278 1,484 TOTAL LIABILITIES 11,278 11,590
Total Banking Operations Assets 4,690 5,071 Shareholders' Equity 6,476 6,748
TOTAL ASSETS 17,754 18,339 TOTAL EQUITY & LIABILITIES 17,754 18,339
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FINANCIAL SITUATION
19
w/o Banking Operations (times)
4,735 M US$
58%PublicBonds
42%Financialinstitutions
Note: Financial information at FX rate as of July 1st, 2015 (639.04 CLP/US$).1. Does not include accrued interests
5.43 yearsduration
w/o Banking Operations
Net Financial Debt / EBITDA Debt Profile
w/o Banking Operations (times)
Leverage
Financial Debt1
w/o Banks
Maestroeffect
18%Short-term
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CONTENTS
• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
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CORPORATE STRUCTURE
21
SACI Falabella
Chile Peru1 Argentina Colombia
94%
Brazil Uruguay
Sodimac 100%
Imperial 60%
Tottus 88%
CMR 100%
Banco Falab.100%
Open Plaza 100%
Mall Plaza 60%
Falabella 100% Saga Falab. 95%
Sodimac 100%
Tottus 100%
Banco Falab.100%
Open Plaza 100%
Avent. Plaza 40%2
Falabella 100%
Sodimac 100%
CMR 100%
Falabella 65%
Banco Falab. 65%
Sodimac 49%2
Mall Plaza
100%
20%
Dicico 50.1%
Maestro 100%
Sodimac 100%
1 Through Falabella Perú S.A.A..2 Does not consolidate.
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CONTENTS
• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
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• 100 stores in Chile, Peru, Colombia and Argentina
• Main categories: apparel, home electronics and home decor
• Diverse portfolio of private brands, second generation
and exclusive brands, in addition to international brands
• Leading online retailer
• Operates specialty stores for exclusive and second generation
apparel and footwear brands
DEPARTMENT STORES
23
Peru 26 Stores
Colombia 18 Stores
Chile 45 Stores
Argentina 11 Stores
Note: Figures in US$ converted using the July 1st, 2015 (639.04 CLP/US$). Number of stores as of August 25th, 2015.1. Sales LTM divided by average m2
Revenues Sales / m2 1
(US$, June 2015 LTM)(US$ m, June 2015 LTM)
Total: 4,055 US$ m
Private brands
Localmarket
customizationDifferentiation
Profitability
Business Overview
Regional Footprint
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• 244 stores in Chile, Peru, Colombia, Argentina, Brazil and Uruguay
• Main categories: construction materials and home improvement
products , carpentry, design furniture and home terminations
• Six formats: Homecenter, Sodimac Constructor, Imperial,
Homy, Dicico and Maestro
• Expertise in selling directly to construction sector players and large companies
• Strong online sales strategy
Brazil 58 Stores
Uruguay 1 Stores
Peru 57 Stores
Colombia 35 Stores
Chile 85 Stores
Argentina 8 Stores
HOME IMPROVEMENT
24
Business Overview
Regional Footprint Revenues Sales / m2 1
(US$ m, June 2015 LTM) (US$, June 2015 LTM)
Total 2 : 5,713 US$ m
Note: Figures in US$ converted using the July 1st, 2015 exchange rate (639.04 CLP/US$). Number of stores as of June 2015.1. Sales LTM divided by average m2
2, Does not include revenue from Uruguay.
DIY
Families
Contractors &specialists
Constructioncompanies
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• Started operations in 2002 in Peru under Tottus brand and entered
Chilean market in 2004 with the acquisition of San Francisco
• Operates 102 stores in Chile and Peru, with three formats:
hypermarkets , supermarkets and Hiperbodega Precio1
• Increased penetration of private labels
• E-commerce platform
Peru 49 Stores
Chile 53 Stores
SUPERMARKETS
25
Business Overview
Regional Footprint Revenues(US$ m, June 2015 LTM)
Sales / m2 1
(US$, June 2015 LTM)
Total: 1,986 US$ m
Note: Figures in US$ converted using the July 1st, 2015 exchange rate (639.04 CLP/US$). Number of stores as of June 2015.1. Sales LTM divided by average m2
Sales area considered for Tottus does not include the cash area in order to be comparable with peer’s sales area.
Pricepositioning
SupermarketsHypermarkets
Bodegas
Private labelproducts
Weeklydeals
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• Falabella Financiero offers a mix of integrated financial
products and services.• Provides customers access to credit, combining the
traditional financial business with the proximity tocustomers through retail formats.
• Five business units: CMR Falabella (credit card),Banco Falabella (bank), Seguros Falabella (insurancebroker), Viajes Falabella (travel agency) andMóvil Falabella (mobile virtual operator)
• Operates in Chile, Peru, Colombia and Argentina
Peru
Colombia
Chile
Argentina
FINANCIAL SERVICES
26
1. Per local regulation (not comparable across the countries)Note: Figures in US$ converted using the July 1st, 2015 exchange rate (639.04 CLP/US$).
Business Overview
Regional Footprint Loan Loss Provision1
(%, June 2015)
2.3 m CMR accounts95 bank branches
1.0 m CMR accounts60 bank branches
0.8 m CMR accounts54 bank branches
0.5 m CMR accounts
Total: 6,038 US$ m
Gross Loan Portfolio(US$ m, June 2015)
Integratedoffering
LoyaltyFrequency
Immediate needs
TransparencyConvenience
Simplicity
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• Largest operator in Chile and Peru, and one of the leaders
in Latin America:
• Mall Plaza: Operates large shopping malls in Chile,
Peru (through Aventura Plaza) and Colombia.
• Open Plaza: Operates small shopping centers with
2 or 3 anchor stores, as well as other third-party
minor stores.
REAL ESTATE
27
1. Owned by the company throughout the region.2. Information for Mall Plaza shopping centers as of December 2014
Business Overview
Regional Footprint
Meetingplaces
Urban centers
Sustainableconstruction
EntertainmentShopping
Culture
+2,200specialty
stores
9publiclibraries
+390restaurants
11educationalinstitutions
39gameareas
98cinemascreens
16gyms
3exhibition
rooms
14medicalcenters
Integrated Offering2
jun-14 jun-15 jun-14 jun-15
Mall Plaza 14 15 1.136 1.190
Open Plaza 10 10 235 232
CHILE 24 25 1.371 1.422
Aventura Plaza 4 4 258 274Open Plaza 8 9 232 247
PERU 12 13 490 521
Mall Plaza 1 1 26 26
COLOMBIA 1 1 26 26
TOTAL 37 39 1.887 1.969
Free Standing Stores1 792 991
# Shopping Malls '000 GLA
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CONTACT INFORMATION
Jordi Gaju
Chief Development Officer
Alejandro González
Chief Financial Officer
Isabel Darrigrandi
Head of IR
María Paz Fernández
IR Analyst
www.falabella.com/inversionistas
Phone: +56 2 2380 2012
SC
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DISCLAIMER
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 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 the fact that actual results could differ
materially from those indicated by such forward-looking statements.
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