1Q16 Earnings Presentation

Transcription

1 Earnings Presentation

2 2 Agenda 1 Highlights Consolidated Results Famsa Mexico... 6 Banco Famsa Famsa USA Financial Position Items

3 3 1. Highlights Solid Consolidated Net Sales growth during Double-digit growth in Consolidated Net Sales of 12.0% YoY during Consolidated EBITDA remained almost unchanged vs., amounting to Ps.419 million 2016 Expansion in the origination of payroll credit, anticipating a higher participation of clients in the formal economy Non-performing Loans (NPL) Ratio was 8.7% as of March 31, 2016, 460 bps. below than that recorded in (13.3%) F I R S T Q U A R T E R MX USA Total Sales growth trend continued in, increasing by 10.9% YoY in MXP denominated Net Sales increased by 18.9% YoY in Electronics and Motorcycles contribution stands out in the sales mix of the quarter EBITDA in MXP boosted from Ps.30 million in to Ps.44 million during Marketing 1

4 4Q13 1Q14 2Q14 3Q14 4Q14 2Q15 3Q15 4Q Consolidated Results Net Sales recorded a double-digit annual increase in driven by the sale of durable goods Net Sales by country Same Store Sales (SSS) 2.4% 2.4% -2.3% 3, % 86.6% -1.1% 12.0% 6.3% -1.1% 8.8% 3, % 85.8% 10.0% 10.7% 7.1% Famsa USA Famsa MX FAMSA ANTAD Net Sales by product mix Business-units Retail-area 0.3% 1.8% % 4.8%, 11.4%, 10.2% 13.3% 17.1% 21.2% 17.4% 19.9% *m2 in thousands. 3.3% 5.5%, 12.3%, 9.6% 12.6% 16.5% 20.3% m2* -m2* Computers Motorcycles Electronics Mobile Phones Appliances Furniture Loans Other To be converted branches Banking branches PL USA Branches Stores USA Stores MX

5 5 2. Consolidated Results Consolidated EBITDA remained flat vs. due mainly to an intensive promotional campaign in Mexico Gross Profit +9.2% EBITDA -0.5% 1,714 1, Famsa USA Famsa MX Famsa USA Famsa MX 48.6% 47.3% Financial expenses, net -4.3% Net Income 11.9% 10.6% -0.2% % 6.6% 2.6% 2.4%

6 4Q13 1Q14 2Q14 3Q14 4Q14 2Q15 3Q15 4Q15 Computers Furniture Personal Loans Appliances Mobile Phones Motorcycles Electronics 6 3. Famsa Mexico Electronics and Motorcycles posted the most dynamic results in Sales by product mix +10.9% 3,032 3, % 18.8% 3.5% 4.6% 6.4% 5.5% 10.4% 11.6% 11.8% 11.2% 10.7% 12.5% 13.4% 12.6% 23.5% 21.6% Others Computers Motorcycles Furniture Mobile Phones Electronics Appliances Personal Loans Sales growth by product category () 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% Same Store Sales (SSS) 11.5% 7.5% 10.0% 8.0% 10.0% 3.8% -2.8% -5.7% -1.5% -1.4%

7 7 4. Banco Famsa Bank deposits grew by 20.1% YoY, reaching Ps.18,611 million in Loans Famsa card, credit cards, microcredits, SMEs, Fovisste, enterprises, Credinero and Prendinero Deposits Savings, payroll, checks and investments Bank Deposits 18,359 18,611 16,501 15,491 15, % 4.4% 4.2% 4.1% 4.2% 2Q15 3Q15 4Q15 Bank Deposits Mix Services e-banking, ATMs, payroll, TPVs, remittances, money orders and insurance Time Deposits 70% Demand deposits 10% Opnl Availability 20% Time Deposits 67% Demand deposits 12% Opnl Availability 21%

8 Mar'14 Jun'14 Sep'14 Dec'14 Mar'15 Jun'15 Sep'15 Dec'15 Mar Banco Famsa The NPL continued its declining trend, falling to 8.7% as of March 31, 2016 Portfolio of Loans* 14.9% 17,215 17,822 16,405 15,506 15,747 Portfolio of Loans Mix Commercial 21% Commercial 24% 2Q15 3Q15 4Q15 Consumer 79% Consumer 76% Non-performing Loans Ratio (NPL)** 15.7% 17.6% 16.2% 14.2% 13.3% 11.9% 10.4% 9.8% 8.7% *Gross Balance **Includes credits discounted by payroll Source: Banco Famsa

9 9 4. Banco Famsa The Commercial Loans Portfolio rose by 27.7% YoY Comercial Loans +27.7% Commercial Loans Portfolio Mix 3,286 3,392 3,724 3,898 4,198 Others 21% Corporate 27% SME s 49% Microcredits 3% Others 17% Corporate 44% SME s 36% Microcredits 3% 3.1% 2.3% 2.5% 2.0% 2.1% 2Q15 3Q15 4Q15 Microcredits SMEs Enterprises #-Loans 5, Avg. Loan* Avg. Term Avg. Rate Ps.22, MMxp MMxp 23 months 37 months 38 months 64.0% 10.5% 7.3% Guarantees No Guarantor/Solidary Obligor/Nafin Guarantor/ Solidary Obligor/Nafin Source: Banco Famsa

10 4Q13 1Q14 2Q14 3Q14 4Q14 2Q15 3Q15 4Q15 Computers Electronics Appliances Furniture Famsa to Famsa Personal Loans Famsa USA Personal Loans Sales performed as top drivers, posting a 48.2% growth YoY in Sales by product mix % 3.8% 4.0% 16.1% 5.7% 12.3% 52.7% 18.9% % 4.4% 4.4% 11.1% 12.2% 12.4% 53.5% Computers Famsa to Famsa Others Electronics Personal Loans Appliances Furniture Sales growth by product category ()* 50% 30% 10% -10% -30% -50% Same Store Sales (SSS)* 2.4% 4.0% 1.3% 1.0% 0.4% 2.7% 3.4% 1.3% -7.0% -3.9% F to F *% variations are referenced to figures in US dollars.

11 11 6. Financial Position Items Trade receivables 24,175 2,270 3,492 18, % 28,810 2,682 4,230 21,898 Consumer USA Commercial MX Consumer MX Net debt & bank deposits +22.6% 21,794 6,303 15,491 26,719 8,108 18,611 Net debt Bank deposits 11.6% Inventories 2, % 2,730 Stockholders equity +3.6% 10,402 10, % 1.2% 5.7% 2.8% 2.8%

12 12 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.

13 13 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)