1Q17 Earnings Presentation

Transcription

1 Earnings Presentation

2 2 Agenda 1 Recent Developments Consolidated Results Famsa Mexico Famsa USA Banco Famsa Consolidated Results Financial Position Items

3 Recent Developments

4 4 Recent Developments Progress in the monetization of the contributed assets: Banco del Bajio selected as Trustee. Guarantee Trust formally stablished on April, 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 in a sales process, for which a significant advancement in their monetization is expected as of June 30, 2017

5 5 Stores Retail Stores & Banking Business Units Openings Closures 4Q16 % YoY Total (5.7%) Stores (0.5%) Famsa Mexico % Famsa USA % PL USA Branches (7.1%) Banking Branches¹ (1.5%) To be Conv. Bches.² (50.0%)

6 6 Employees -10.5% 19, % , % -1.6% 18, ,771 17,736 17, , Famsa USA Famsa MX 17,088 17,039 16,830 2Q16 3Q16 4Q16

7 Consolidated Results

8 8 Net Sales grew by 3.6% YoY in. Net Sales by country % 3,840 3, % 12.3% 85.4% 87.7% Consolidated Results Famsa USA Famsa MX Net Sales by product mix 3,840 3, % 14.0% 9.3% 0.4% 0.8% 1.9% 0.7% 1.9% 3.0% 3.4% 6.1% 5.7% 9.5% 9.9% 13.3% 12.9% 9.4% 12.7% 14.4% 17.0% 21.2% 31.8% Famsa-to-Famsa Others Seasonal goods Clothes Computers Motorcycles Mobile phones Appliances Electronics Furniture Personal loans Same Store Sales (SSS) Total +10.7% 2.3% Famsa MX +10.0% +6.0% Famsa USA * (3.9%) (24.1%) Business-units -5.7% Retail-area -0.9% To be converted branches Banking branches Branches Stores USA 1 Including intercompany and others * Excluding exchange rate effect -m2* *m 2 in thousands. -m2* Stores MX

9 Famsa Mexico

10 10 Famsa Mexico Contribution of Personal Loans, Seasonal Goods, Motorcycles and Appliances stood out in. Sales by product mix Sales growth by product category () 60% 3, % 0.8% 2.2% 3.7% 6.6% 11.6% 13.0% 12.9% 10.8% 22.7% 3, % 0.9% 2.2% 3.1% 7.0% 10.9% 13.3% 9.1% 9.5% 34.0% Others Seasonal Goods Clothes Computers Motorcycles Mobile Phones Appliances Electronics Furniture Loans -25% Electronics -8% Computers -6% -1% Furniture Mobile Phones Same Store Sales (SSS) 11.5% 7.5% 10.0% 10.0% 8.0% 8% 9% 12% 13% Clothes Appliances 6.9%6.8% Motorcycles 12.4% Seasonal Goods 6.0% Loans Famsa MX ANTAD 1Q15 2Q15 3Q15 4Q15 2Q16 3Q16 4Q16

11 Famsa USA

12 12 Famsa USA Famsa USA Net Sales in USD decreased by 24.1% following a weak demand due to the political uncertainty in the United States. Sales by product mix Net Sales MXP: -13.3% USD: -24.1% % 2.0% 4.3% 4.3% 4.4% 3.3% % 11.1% 12.4% 19.2% 11.0% 12.2% Computers Others Famsa to Famsa Loans Electronics Appliances 53.6% 48.0% Furniture F to F

13 Banco Famsa

14 14 Banco Famsa Bank deposits as of March 31, 2017 increased by 16.5% above, amounting to Ps.21,675 million. Loans Famsa card, credit cards, microcredits, SMEs, Fovisste, enterprises, Credinero and Prendinero Services Deposits Savings, payroll, checks and investments Bank Deposits +16.5% 21,166 21,063 21,675 19,742 18, % 4.1% 4.1% 4.3% 4.5% 2Q16 3Q16 4Q16 Bank Deposits Mix Funding Cost e-banking, ATMs, payroll, TPVs, remittances, money orders and insurance Time Deposits 67% Demand deposits 12% Opnl Availability 21% Demand deposits 11% Opnl Availability 16% Time Deposits 73%

15 15 Banco Famsa The Non-Performing loans ratio (NPL) ended at 8.5%, 20 bps. given the strengthening of our credit base. Portfolio of Loans* +6.8% 4,483 4,198 4,169 4,004 3, % 2.3% 2.2% 2.1% 1.8% 2Q16 3Q16 4Q16 Non-performing Loans Ratio (NPL)** Commercial NPL ratio Portfolio of Loans Mix Others 17% Empresarial 44% PYME 36% Microcredit 3% Financiero 19% Others 17% PYME 12% Microcredit 3% Empresarial 49% 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 *Gross Balance **Includes credits discounted by payroll Source: Banco Famsa

16 Consolidated Results

17 17 Consolidated Results Gross Profit +1.8% EBITDA -0.7% 48.7% 47.9% 1,871 1, ,578 1,673 Famsa USA Famsa MX 10.9% 10.5% Famsa USA Famsa MX -11 Financial expenses (1) Net Income 5.6% +20.6% 6.5% % 4.1% 8.2% (1) Financial expenses= Interest paid

18 Financial Position Items

19 19 Financial Position Items Trade receivables Net debt & bank deposits +2.7% +0.9% 25,893 26,581 29,560 29,816 2,619 2,188 8,497 8,141 3,691 4,021 Consumer USA 19,583 20,372 Commercial MX Consumer MX 21,063 21,675 Net debt Bank deposits 11.6% 4Q16 4Q16 Inventories 2, % 2, Stockholders equity +2.1% Famsa USA 2,268 2,163 Famsa MX 11.6% -4.7% 8,315 8, % 2.8% 1.2% 2.8% 4Q16 4Q16

20 20 Financial Position Items: Debt Structure Debt Profile -7.9% 10,001 9,215 57% 55% 20% 26% 23% 19% 4T16 1T17 Debt Certificates Bank Loans Foreign Debt Debt Maturity Profile 3, ,298 Funding Sources 31,064 30,890 9% 9% 23% 21% 68% 70% 4T16-0.6% 1T17 Bank Deposits Debt Securities Bank Loans 5,324 4,727 1, > 2019 Debt Certificates Bank Loans Foreign Debt ** Includes local notes and foreign senior notes and bond 144A Reg S.

21 21 Note on Forward-Looking Statements This presentation contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The future results of Grupo Famsa, S.A.B. de C.V. and its subsidiaries may differ from the results expressed in, or implied by, the forward-looking statements set out herein, possibly to a material degree.

22 22 Contact We have a strong commitment to keeping you updated. Please do not hesitate to contact us. Investor Relations Paloma Arellano paloma.arellano@famsa.com +52 (81)