Marisa at a Glance. Largest women fashion and underwear retailer in Brazil. Focus on the middle class. 63 years of track record.
|
|
- Franklin Fletcher
- 5 years ago
- Views:
Transcription
1 Institutional Presentation May 2012
2 Marisa at a Glance 63 years of track record Financial services platform Focus on the middle class Largest women fashion and underwear retailer in Brazil Multiformat store strategy Brand strength National footprint 2
3 63 Years of Track Record in Apparel Retail Foundation Development and Growth Acceleration Current Status Foundation and development of business model Sales Area ( 000 m 2 ) Number of Stores Management profissionalization and beginning of strong growth phase Growth acceleration Continuous growth Store maturation More per m 2 Focus on operational efficiency > Future 3
4 The Brazilian Middle Class Brazilian Population per Income Class Middle Class Consumption Profile Income Class A / B C Average monthly income: R$ D E 181 mm 193 mm 42,4% 53,9% +27 million people +11 million people 197 mm 58,3% Services 23,2% Home 31,6% Travel 1,5% Leisure 1,6% Food and Beverage 18,5% Education 2,1% Health and Beauty 8,3% Transport 8,2% Apparel 5,1% 4 Source: Data Popular E 2014E Source: Data Popular, as of 2011E
5 The Brazilian Apparel Market Apparel Spending in Brazil CAGR of +12,2% over the last 9 years 72,9 D / E Classes 18,0% A / B Classes 33,7% R$ 35,2 bi 25,9 Middle Class 48,3% E 5 Source: Data Popular, inflation adjusted based on the IPCA
6 Marisa Top of Mind Marisa Brand on Apparel Top of Mind Middle Class (Dec/11) 38% 29% Marisa Brand on Underwear Top of Mind All income classes (Jul/09) 42% 6% 6% 5% 4% 1% 14% 9% 4% 4% 4% 3% 6 Research methodology: conducted with women of the B and C income classes between 18 and 55 years old in different regions in Brazil 1 Objective: monitor the positioning, competitiveness and image of Marisa brand vs. competitors Source: Officina Sophia Note 1) Porto Alegre, São Paulo, Rio de Janeiro, Belo Horizonte, Recife Research methodology: conducted with women of the A,B and C income classes in Brazil between 20 and 45 years old in different regions in Brazil 2 and that bought underwear over the last 90 days Objective: measure consumer habits in the underwear segment Source: Nielsen Nota 2) São Paulo, ABC Region, Campinas, Ribeirão Preto, Porto Alegre, Recife
7 Store Portfolio Profile of our 336 Store Portfolio as of Dec/11 Expanded Feminine 1 1 Format Venue Shopping Malls 84 Street Lingerie Southeast South North Region Northeast Midwest % 20% 40% 60% 80% 100% Distribution Centers Number of Marisa stores 7
8 Large Portion of the Sales Area Still Under Maturation Sales Area Breakdown by Year of Launch 346,440 m 2 of total sales area as of Dec/ % 32% of sales area is less than 3 years old More than 109,000 m 2 of sales area still under maturation phase Prior to % % % 8
9 Marisa Expanded Mix 9 Store #510 Aricanduva Shopping São Paulo, SP
10 Marisa Feminine 10 Store #696 Via Catarina Shopping Palhoça, SC
11 Marisa Lingerie 11 Store #051 Street Store São Bernardo, SP
12 Strategic Map 2012 New Stores Opening Plan Efficiency Plan More per m 2 Financial Services Initiatives 12
13 New Stores Opening Plan ,3 thousand m2 of sales area Of the 33 new stores to be opened in 2012, 21 are already contracted with the following profile: 95% shopping malls and 5% street stores 90% Marisa Expanded Mix and 10% Marisa Feminine 45% Southeast, 25% Northeast and 10% South, Midwest and North 13
14 More per m 2 : Review of Product Mix Methodology Expected Benefits Track record Consumer profile Benchmark with competitors Analysis of Marisa product mix performance Focus on turnover, gross margin and sales area productivity Analysis of market researches, cross selling performance and Marisa Card database Store check in different regions in Brazil, looking at competitors product mix Product mix review Introduction of new product categories and/or sub-categories Review of sales area allocation Increase sales and profitability per m2 Increase ROIC 14 Source: Marisa and Bain
15 Review of Product Mix Preliminary Insights Increase assortment of Feminine categories Rebalance Male and Children categories 15
16 Introduction of Shoes in our Product Mix Rationale Co-Branded Card Consumption Profile Results of market research conducted with women between 20 and 40 years old, 50% clients and 50% non clients: Supermarkets 23% 88% want Marisa to offer shoes Other 43% Consumer acquire, on average, 1.8 pairs of shoes on each ticket Average price of shoes significantly higher than apparel Electronics 7% Department Stores 8% Apparel and Shoes Stores 19% 16
17 Introduction of Shoes in our Product Mix Average Price Roughly 2.5x our current average price per piece Main Brands Initially main shoes third party brands (learning curve and product quality) Sales Area Average sales area allocation of 70 m² per store Indicative Timetable Implementation in 100 stores within st phase) Stores with sales area above 1,500 m² + virtual store 2nd phase) Stores with sales area above 1,000 m² 17
18 Enhancement of Marisa Lingerie Product Mix Enhancement of Marisa Lingerie Product Mix Stores with sales area above 200 m² 19 of the 26 stores Introduction of new product categories: Fitness Beachwear Starting as of March/
19 Financial Services Platform Co-Branded Card Initiative: Sale of the co-branded card directly to new customers Benefits: Higher profitability per client and increased lifespan of client base Programa Amiga Initiative: Launch of Marisa Card mileage program Benefits: Higher new cards activation rates, increased customer loyalty and higher average ticket per client through more buying frequency SAX Personal Loans Rationale: Clear synergies with our distribution platform and our knowledge of our customers credit profile Upside: Strong growth phase, could potentially double its size within the next two years 19
20 Efficiency Plan Efficiency Plan Expected Benefits Processes Rationalization Elimination of function duplicities Synergy gains among management divisions Expected annual economies of SG&A expenses of roughly R$ 52 million Management Modernization Reduction of hierarchical levels Span of control Commitment to Efficiency Tight budget for all areas Alignment of interests Reduction in administrative staff Internal synergies and management processes review Reduction of administrative expenses 33.3% 33.3% 33.3% 20
21 Strategic Agenda for 2012 Update New Stores 33 new stores in stores opened in April and four additional stores in the 1H12 More per m² New layout in 110 stores by August, privileging categories with higher sales per m2 (first phase) Introduction of shoes in the 100 stores in 2012 (first phase) Programa Amiga 1 p p. increase in Marisa Card participation in sales Marisa Card holders enrolled in Programa Amiga reached 1.63 million SAX Empréstimos Pessoais Strong growth Leverage on loans provided to pre-approved Marisa Card client base Efficiency Plan Reduction of 5.9% of SG&A expenses per sqm, already reflecting initiatives of the Efficiency Plan 21
22 Operating and Financial Highlights 1Q12
23 Sales Area and SSS Growth Format SSS Sales Area, Number of Stores and SSS Growth Comments # of Stores Sales Area (thousand m²) 1Q11 1Q12 1Q11 1Q12 Sales performance impacted by continuity of the factors that negatively affected our performance in the 4Q11 Marisa Expanded Marisa Feminine Inventory imbalances Promotional prices Short-term cannibalization effects Marisa Lingerie Total However, continuous recovery over the quarter 1Q % 1Q12 2.0% Entry of the new autumn/winter collection that has been well received by customers Improvements on the macroeconomic environment on the back of real income increases and improvement of consumer confidence 23
24 Retail Net Revenues Retail Net Revenues (R$ million) Comments 8.4% growth + 8.4% SSS deceleration in line with the 4Q Recovery after entry of the new autumn/winter collection in March, well received by customers 374 1Q11 1Q12 Favorable macroeconomic environment 24
25 Retail Gross Profit and Gross Margin Gross Margin Gross Profit Retail Gross Profit (R$ million) Comments Comentários 50.0% 46.3% Gross profit increased 0.5% Gross margin, however, fell 3.7 percentage points ( p.p. ): + 0.5% Aggressive pricing strategy adopted in the 1Q12 which, unlike the situation observed in the 1Q11, contemplated promotional prices all through the months of January and February Q11 1Q12 This situation was rebalanced on March with the entry of the new autumn/winter collection 25
26 Retail Selling Expenses % of Retail Revenues Selling Expenses R$/m2 Selling Expenses (R$ million) Comments 39.1% 39.3% - 6.2% % % increase, reaching 39.3% as percentage of net revenues The increase was lower than the growth of average sales area (equivalent to 16.4%) plus the inflation in the period Selling expenses per square meter decreased 6.2% This result already reflects the initiatives of our Efficiency Plan 1Q11 1Q12 26
27 Retail G&A Expenses G&A Expenses % of Retail Revenues General and Administrative Expenses (R$ million) Comments 6.2% 6.3% % + 3.2% (adjusted for nonrecurring items) % increase, reaching 6.3% as percentage of net revenues Comparison affected by: Reversal of provisions for variable compensation in the 1Q11 (reducing expenses in R$1.2 million) Strategic consulting services expenses in the 1Q12 (increasing expenses in R$0.7 million) Adjusting figures for those effects, growth would have been of 3.2%, significantly lower than the inflation in the period 1Q11 1Q12 This result reflects the initiatives of our Efficiency Plan 27
28 Retail EBITDA and EBITDA Margin EBITDA Margin EBITDA Retail EBITDA (R$ million) Comments 6.8% 2.5% % 59.4% decrease EBITDA margin fell 4.3 p.p.: 25.3 SSS growth deceleration 10.3 Gross margin decline 1Q11 1Q12 28
29 Marisa Cards Accounts Base Active Account Base (million accounts) Comments + 2.2% Private Label: 7.56 million eligible accounts (+5.0%) and 2.27 million active accounts (-2.1%) Co- Branded: thousand eligible accounts (-14.4%) and thousand active accounts (+20.9%) Total Active Accounts: After two quarters of consecutive declines over the previous year (3Q11 and 4Q11), in the 1Q12 there was an increase of 2.2% Impacts of loyalty program (Programa Amiga) 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 29
30 Private Label Receivables Portfolio Private Label Receivables Portfolio Profile (R$ million) Private Label (R$ million) 1Q12 %Total 1Q11 %Total %Var On time: 263,5 59,6% 259,4 57,2% 1,6% Overdues: 178,8 40,4% 194,4 42,8% -8,1% 1-30 days 79,7 18,0% 89,6 19,8% -11,1% days 28,7 6,5% 34,1 7,5% -15,7% days 27,2 6,1% 29,8 6,6% -8,9% days 16,7 3,8% 16,5 3,6% 0,9% days 12,1 2,7% 12,5 2,8% -3,0% days 14,3 3,2% 11,9 2,6% 20,9% Total 442,3 100,0% 453,9 100,0% -2,5% Comments 2.5% decrease in the receivables portfolio Lower demand for credit by customers Lower concentration of overdue receivables Lower level of losses / provisions in the 1Q12 30
31 Private Label EFICC Credit and Collection Efficiency Ratio EFICC Comments 8,0% 7,0% 6,0% 5,0% 4,0% 3,0% 2,0% Potential delinquency at normalized levels In fact, in March we saw record low level when compared to historical references 1,0% 0,0% jan feb mar apr may jun jul aug sep oct nov dec Positive perspective view for delinquency in the future 31
32 Marisa Cards Operating Result Operating Result (EBITDA) Marisa Cards Comments Marisa Cards (R$ million) 1Q12 1Q11 %Var Private Label Financial intermediation revenues 62,1 67,9-8,5% Fees and insurance sales 19,1 22,8-16,3% Net losses with credit operations (29,6) (31,0) -4,5% Costs and Expenses (29,0) (27,8) 4,1% Operating result (EBITDA) Private Label (A) 22,7 31,9-28,9% Co-Branded Exclusivity fee 3,0 3,0 0,0% Comissions revenues 1,7 2,6-35,6% Operating result (50%) 8,5 8,5-0,4% Operating result (EBITDA) Co-Branded (B) 13,1 14,1-6,7% Marisa Cards Operating result (EBITDA) Marisa Crads (A+B) 35,8 46,0-22,1% Retail activity deceleration and lower demand for credit by customers Change in our strategy to manage receivables that were more than 180 days overdue Expenses related to Programa Amiga Co-Branded: lower rate of activation of new accounts and card use 32
33 SAX Personal Loans SAX Receivables Portfolio and Operating Result (EBITDA) Comments 66.0 Strong growth Overdue On Time Receivables portfolio reached R$66.0 million 1Q11 1Q12 SAX Personal Loans (R$ million) 1Q12 1Q11 %Var Operating result Net revenues with financial services 15,6 9,0 72,9% Net losses with credit operations (5,4) (2,1) 157,4% Funding costs (0,5) (0,3) 64,6% SG&A expenses (2,5) (1,8) 37,1% Other operating income (expenses) (0,0) (0,9) -97,7% Operating result (EBITDA) 7,1 3,8 85,3% EBITDA reached R$7.1 million, 85.3% increase Leverage on loans provided to preapproved clients of the Marisa Cards client base 33
34 EBITDA EBITDA Margin / Retail Revenues Marisa Consolidated EBITDA Consolidated EBITDA (R$ million) 20.1% 13.1% % Q Q12 Sax Marisa Cards Retail 34
35 Marisa Consolidated Net Debt Net Debt Comments Net Debt (R$ million) 1Q Net Debt Gross debt (A) % % Short term debt % % Long term debt % % Cash and equivalents (B) Net debt (A) Shareholder equity (B) Total capital (A+B) 1, ,194.9 Financial Leverage Gross debt / (Gross debt + Equity) 48% 53% Net debt / (Net debt + Equity) 36% 28% Net debt / EBITDA (x) 1.34x 0.84x Net debt reached R$495.5 million Optimal capital structure strategy implemented during 2011 Target: 40% debt in relation to total capital 35
36 Marisa Consolidated Capex Capex (R$ million) Expansion Plan Capex (R$ million) 1Q %Var Two new stores opened in April: New stores 21,5 29,2-26,2% Stores remodeling 4,0 5,0-20,4% Logistics 0,4 3,3-87,8% IT 3,2 2,5 27,5% Others 6,3 2,9 119,8% Shopping Bourbon Wallig (Porto Alegre, RS) Street store in Praia Grande, SP Total 35,4 42,9-17,4% Four additional new stores in the 1H12: Shopping Estação BH (Belo Horizonte, MG) Shopping Luziânia (Luziânia, GO) Shopping Bela Vista (Salvador, BA) Parque Shopping Belém (Belém, PA) 36
37 Investor Relations Team Paulo Borsatto CFO and RI Director Flavio Bau IR Manager Gabriel Succar IR Analyst Contact:
Institutional Presentation. March
Institutional Presentation March 2013 Marisa at a glance Largest women fashion and lingerie retailer in Brazil 64 years of track record Focus on the middle class National footprint 2 Multiformat store
More informationConference Call 2Q10 Results
Conference Call 2Q10 Results In Portuguese with simultaneous translation in English Time: 12:00 pm (US-ET) / 1:00 pm (Brazil) Access in English: +1 (786) 924 6977 Access in Portuguese: +55 (11) 4688 6361
More informationConference Call 3Q10 Results
Conference Call 3Q10 Results In Portuguese with simultaneous translation in English Time: 11:00 am (US-ET)/ 1:00 pm (Brazil) Access in English: +1 (786) 9246977 Access in Portuguese: +55 (11) 46886361
More information2Q17 RESULTS. Conference Call: Aug/11th :00 (BZ) / 13:00 (ET) Dial-in: Portuguese: +55 (11) English: +1 (646)
2Q17 RESULTS Conference Call: Aug/11th - 2017 14:00 (BZ) / 13:00 (ET) Dial-in: Portuguese: +55 (11) 2188-0155 English: +1 (646) 843 6054 Access Code: Marisa Webcast: www.marisa.com.br/ri Investor relations
More information2Q10 Conference Call Presentation (Only in Portuguese)
2Q10 Conference Call Presentation (Only in Portuguese) Agenda Funding Page 3 Daycred Auto Loans Page 10 Foreign Currency Funding Page 4 Daycred DCC Retailers Page 11 Liquidity Page 5 Quality of Loan Portfolio
More information3Q10 Conference Call Presentation (Only in Portuguese)
3Q10 Conference Call Presentation (Only in Portuguese) 2 Agenda Key Figures Page 3 Funding Page 4 Daycred DCC Retailers Asset Management Page 14 Page 15 Foreign Currency Funding Page 6 Quality of Loan
More informationRipley Corp. May st Quarter 2016 Results
Ripley Corp May 2016 1st Quarter 2016 Results 1Q16 HIGHLIGHTS Ripley Colombia: Closing of operations progressing according to plan Increase in Inmobiliaria Mall Viña del Mar share: Real estate assets at
More informationINSTITUTIONAL PRESENTATION 3Q18. p. 1
INSTITUTIONAL PRESENTATION 3Q18 p. 1 Market under transformation and with high growth potential Company ready to capture increase in profitability PROFITABILITY Scale business with high dilution potencial
More informationFinancial statements Marisa Lojas S.A.
Financial statements Marisa Lojas S.A. Independent auditor s report 7 Marisa Lojas S.A. Financial statements Contents Independent auditor s report on financial statements... 1 Audited financial statements
More informationConference Call 4Q2009 and FY 2009 Results
Conference Call 4Q2009 and FY 2009 Results In Portuguese with simultaneous translation in English Time: 11:00 am (US-ET) / 1:00 pm (Brazil) Access in English: +1 (786) 924-6977 Replay in English: +55 (11)
More informationMerger Presentation 90, 90, 90
228, 132, 106 85, 134, 180 233, 234, 235 254, 221, 34 Merger Presentation 90, 90, 90 1, 64, 148 226, 31, 29 December 2017 UNIDAS TRACK-RECORD 1985-2000 2001-2009 2010-2012 2013-2015 2016 Foundation SAG
More informationRECENTLY DELIEVERED PROJECTS
APRIL 2017 RECENTLY DELIEVERED PROJECTS Residência Cidade Jardim Hotel Fasano Las Piedras Fazenda Boa Vista Horto Bela Vista Vitra Mena Barreto Parque Cidade Jardim COMPANY HISTORY Opening of Fasano Rio
More information1Q16 Results. Investor Relations Contact: Felipe Enck Gonçalves CFO and Investor Relations Director
1Q16 Results Investor Relations Contact: Felipe Enck Gonçalves CFO and Investor Relations Director +55 (31) 3615-8400 ri@logcp.com.br www.logcp.com.br/relacoes-com-investidores A LOG COMMERCIAL PROPERTIES
More informationReclassifications in the Income Statement to Better Reflect the Essence of the Operations in line with BRGAAP and IFRS
1 Reclassifications in the Income Statement to Better Reflect the Essence of the Operations in line with BRGAAP and IFRS In accordance with the BRGAAP and IFRS s principles that the essence of the operations
More information1Q17. BH Shopping, Belo Horizonte
BH Shopping, Belo Horizonte Discussion Material May, 2017 Disclaimer This document may contain prospective statements, which are subject to risks and uncertainties as they were based on expectations of
More informationEarnings Conference Call OPÇÕES 1Q16
Earnings Conference Call OPÇÕES 1Q16 Agenda 1Q16 Highlights Expansions and Relevant Events Ongoing Projects Results 1Q16 Highlights (1/2) EBITDA reached R$ 129 million in 1Q16, a 25.7% increase when compared
More informationEarnings Presentation FIRST QUARTER 2016
Earnings Presentation FIRST QUARTER 2016 Agenda 1 Highlights of the period 2 Consolidated overview 3 Overview by Business Units 4 Overview by Country 5 Balance Sheet Financials 6 Q&A First Quarter Highlights
More informationRECENTLY DELIVERED PROJECTS
NOVEMBER 2017 RECENTLY DELIVERED PROJECTS Residência Cidade Jardim Hotel Fasano Las Piedras Fazenda Boa Vista Horto Bela Vista Vitra Mena Barreto Parque Cidade Jardim COMPANY HISTORY Opening of Fasano
More informationCorporate presentation March 2018
Corporate presentation March 2018 Agenda Overview and Strategy Financial Performance Healthcare Sector in Brazil Expansion Plan Ownership Structure and Governance 2 Agenda Overview and Strategy Financial
More informationConference Call 3Q11. (Only in Portuguese)
Conference Call 3Q11 (Only in Portuguese) Agenda Brazilian Credit Market Page 3 Issuance of Banknotes Page 16 Key Figures Page 4 Liquidity Page 17 Financial System Ranking Page 5 Service and product revenues
More informationEarnings Conference Call OPÇÕES 2Q16
Earnings Conference Call OPÇÕES 2Q16 Agenda 2Q16 Highlights Expansions and Relevant Events Ongoing Projects Results 2Q16 Highlights (1/2) Total Sales were R$ 3.1 billion in 2Q16, a 13,2% increase versus
More informationConference Call 1Q11. (Only in Portuguese)
Conference Call 1Q11 (Only in Portuguese) Agenda Key Figures Page 3 Foreign Currency Funding Page 13 Financial System Ranking Page 4 Liquidity Page 14 Distribution Page 5 Asset Management Page 15 Loan
More informationCorporate presentation August 2017 FLRY3
Corporate presentation August 2017 FLRY3 Agenda Overview and Strategy Financial Performance Healthcare Sector in Brazil Expansion Plan Ownership Structure and Governance 2 Agenda Overview and Strategy
More informationAlmacenes Exito. Casino s Analyst Day December 10-11, 2009
Almacenes Exito Casino s Analyst Day December 10-11, 2009 1 Agenda Almacenes Exito in a snapshot Colombia: Macroeconomic Overview and Retail Market Our Strategy Financial Highlights Opportunities going
More informationIle St Louis São Luis MA Launched in Aug/09. November 13, 2009
Ile St Louis São Luis MA Launched in Aug/09 3Q09 Results 3Q09 Results November 13, 2009 Auge São Paulo SP Launched in Sep/09 3 rd Quarter 2009 Introduction Elie Horn Operating Results - Living Antonio
More information4Q15 and 2015 Results
4Q15 and 2015 Results Investor Relations Contacts: Felipe Enck Gonçalves CFO and Investor Relations +55 (31) 3615-8400 ri@logcp.com.br www.logcp.com.br/relacoes-com-investidores 1 A LOG COMMERCIAL PROPERTIES
More informationOur net revenue has also been adversely affected by the re-burden of the payroll.
São Paulo, Brazil, May 10, 2016 Restoque Comércio e Confecções de Roupas S.A. ( Company ) (LLIS3), a leading company of premium clothing and apparel industry in Brazil, presents its results for the first
More informationDiscussion Material November Q16
Discussion Material November 2016 Disclaimer This document may contain prospective statements, which are subject to risks and uncertainties as they were based on expectations of the Company s management
More informationInstitutional Presentation. 4Q07 Results
Institutional Presentation 4Q07 Results AGENDA About Banco Daycoval Page 3 Initial Public Offering (IPO) Page 8 Our Businesses Model Page 12 Results Page 19 Corporate Governance, IR, Awards and Recent
More informationInstitutional Presentation December 2010
Institutional Presentation December 2010 Agenda Brazilian Credit Market Key Figures Corporate Governance and Financial System Ranking Page 3 Page 5 Page 6 Foreign Currency Funding Liquidity Asset Management
More informationConference Call 4Q11
Conference Call 4Q11 Agenda Brazilian Credit Market Page 3 Issuance of Banknotes Page 16 Key Figures Page 4 Liquidity Page 17 Financial System Ranking Page 5 Service and product revenues Page 19 Distribution
More information1Q13 RESULTS. Grupo Pão de Açúcar and Viavarejo. April 30, 2013
Grupo Pão de Açúcar and Viavarejo April 30, 2013 GPA CONSOLIDATED RESULTS 1Q13 Gross Sales R$ million, 1Q13 x 1Q12 Same-store-sales growth vs 1Q12 14,984 +9.7% SSS +6.6% EBITDA R$ million, 1Q13 x 1Q12
More informationLOJAS RENNER ANNOUNCES TOTAL NET REVENUE OF R$ MILLION IN 3Q08
LOJAS RENNER ANNOUNCES TOTAL NET REVENUE OF R$ 511.4 MILLION IN 3Q08 Porto Alegre, October 30 2008 LOJAS RENNER S.A. (Bovespa: LREN3), the second largest department store chain merchandising apparel in
More informationFixed Income November, ParkShoppingSãoCaetano São Caetano (SP) 1
Fixed Income November, 2017 ParkShoppingSãoCaetano São Caetano (SP) 1 Disclaimer This document may contain prospective statements, which are subject to risks and uncertainties as they were based on expectations
More informationInvestor Presentation 3Q16
Investor Presentation 3Q16 Who are we? Largest mall company in Latin America The most efficient company with the best margins The only shopping mall company in Brazil with nationwide presence Portfolio
More informationEarnings Results 3Q18 October, 26, Q18 Results October 26, 2018
3Q18 Results October 26, 2018 The multi-channel, multi-format and multi-region portfolio contributed to the sustainability of the Company's performance towards reaching this year's Guidance Gross Sales
More informationInstitutional Presentation. January, José Galló: CEO
Institutional Presentation January, 2010 José Galló: CEO José Carlos Hruby: CFO and IR Officer Paula Picinini: Investor Relations Manager Investor Relations Team Tel. +55 (51) 2121-7183 / +55 (51) 2121-7045
More informationCorporate presentation August 2018
Corporate presentation August 2018 Agenda Overview and Strategy Financial Performance Healthcare Sector in Brazil Expansion Plan Ownership Structure and Governance 2 Agenda Overview and Strategy Financial
More informationLocaliza Rent a Car S.A.
Localiza Rent a Car S.A. Confins airport branch Belo Horizonte 24h reservation 0800 979 2000 www.localiza.com 1 Integrated business platform 28,080 cars 172 agencies 1.2 million clients 16,600 cars 405
More informationResultados 3º Trimestre de de outubro Q18 and 2018 Results February 21, 2019
4Q18 and 2018 Results February 21, 2019 2018: Highlights OPTIMIZATION OF STORE PORTFOLIO 15 Pão de Açúcar stores renovated into the new model 23 Extra Super to Mercado Extra 13 conversions to Compre Bem
More informationDiscussion Material October, 2017
Discussion Material October, 2017 ParkShoppingCanoas Parque Getúlio Vargas, Canoas (RS) 1 Disclaimer This document may contain prospective statements, which are subject to risks and uncertainties as they
More informationMarisa Announces Net Revenue Growth of 19% and Adjusted EBITDA Growth of 32%
Marisa Announces Net Revenue Growth of 19% and Adjusted EBITDA Growth of 32% São Paulo, Brazil, August 5, 2008 Marisa S.A. (identified as Marisa or Company ) - (BOVESPA: MARI3, Reuters MARI3.SA and Bloomberg
More informationInvestor Presentation 4Q16
Investor Presentation 4Q16 1 Who we are? Largest mall company in Latin America The only shopping mall company in Brazil with nationwide presence Portfolio with 44 regional malls, almost 8% of the total
More informationGerman Investment Seminar 2011 Commerzbank AG New York January 10-11, 2011
German Investment Seminar 2011 Commerzbank AG Mark Langer Chief Financial Officer Dennis Weber Head of Investor Relations New York January 10-11, 2011 German Investment Seminar, Commerzbank HUGO BOSS January
More informationBanco Santander (Brasil) S.A.
Banco Santander (Brasil) S.A. 9M09 IFRS Results Pro forma October 28th, 2009 Table of Contents 2 Macroeconomic Scenario and Financial System 9M09 - Strategy -Results - Business Macroeconomic Scenario 3
More informationCorporate presentation May 2017 FLRY3
Corporate presentation May 2017 FLRY3 Agenda Overview and Strategy Financial Performance Healthcare Sector in Brazil Expansion Plan Ownership Structure and Governance 2 Agenda Overview and Strategy Financial
More information4Q12/2012 RESULTS. Grupo Pão de Açúcar and Viavarejo. February 20, 2013
4Q12/2012 RESULTS Grupo Pão de Açúcar and Viavarejo February 20, 2013 GPA CONSOLIDATED RESULTS 4Q12 Including Projects Excluding Projects Gross Sales R$ million, 4Q12 x 4Q11 Same-store-sales growth vs
More informationResults 3Q18. October 25, 2018 B3: LREN3; USOTC:LRENY. CONFERENCE CALL ON RESULTS October :00 p.m. (Brazil) / 12 noon (US-EST)
Results 3Q18 October 25, 2018 B3: LREN3; USOTC:LRENY CONFERENCE CALL ON RESULTS October 26. 2018 1:00 p.m. (Brazil) / 12 noon (US-EST) Access in Portuguese: +55 11 3127-4971 ou +55 11 3728-5971 Access
More informationConsolidated Net Revenue from Products
2 Disclaimer This presentation contains forward-looking statements relating to the prospects of the business. estimates for operating and financial results. and those related to growth outlook of Guararapes-Riachuelo.
More informationDISCLAMER. to the Company.
JHSF DAY 2017 1 DISCLAMER Management makes forward-looking statements concerning future events that are subject to risks and uncertainties. These statements are based on its beliefs and assumptions and
More informationEARNINGS PRESENTATION Q3 15. November 2015
EARNINGS PRESENTATION November 2015 1 2 CONSOLIDATED RESULTS RESULTs BY SEGMENT 3 FINANCIAL ratios 1 CONSOLIDATED RESULTS consolidated financial highlights Million Soles (S/. mm) Highlights Revenues 11.8%
More informationEBITDA + 23,5% vs Adjusted EBITDA of R$133.2 million Operational cash flow: R$ 138,6mn in 2013
EBITDA + 23,5% vs. 2012 Adjusted EBITDA of R$133.2 million Operational cash flow: R$ 138,6mn in 2013 São Paulo, Brazil, February 24, 2014 Brazilian premium fashion retail leader Restoque Comércio e Confecções
More information4Q17 Results. CONFERENCE CALL ON RESULTS February 09, :00 p.m. (Brazil) / 10:00 a.m. (US-EST)
4Q17 Results CONFERENCE CALL ON RESULTS February 09, 2018 1:00 p.m. (Brazil) / 10:00 a.m. (US-EST) Access in Portuguese: +55 11 3127-4971 +55 11 3728-5971 Access in English: +1 516-300-1066 Password: Lojas
More information3Q17 and 9M17 Earnings Results
3Q17 and 9M17 Earnings Results São Paulo, November 3 th, 2017: PDG Realty S.A. (PDGR3) Under Court-supervised Reorganization - announces today its results for the third quarter and nine months of 2017.
More information2Q17. Net profit of R$8.3 million in the 2Q17 (R$11.1 million excluding non-recurring impacts).
São Paulo, Brazil, August 7, 2017 - Restoque Comércio e Confecções de Roupas S.A. ( Company ) (LLIS3), leading company in the premium clothing and apparel retail industry in Brazil, presents its results
More informationDiscussion Material November, ParkShoppingSãoCaetano São Caetano (SP) 1
Discussion Material November, 2017 ParkShoppingSãoCaetano São Caetano (SP) 1 Disclaimer This document may contain prospective statements, which are subject to risks and uncertainties as they were based
More informationAug 11th, Q16 and 1H16 Results
Aug 11th, 2016 2Q16 and 1H16 Results Executive Summary Agenda Asset Management: Sales Cancellations Accounts Receivable Inventory Liabilities Management: Net Debt Variation Deleveraging Corcovado Rio de
More informationBrazil s economic growth and use of the BNDES financing for strategic infrastructure projects. Tokyo June 21, Luciano Coutinho President
Brazil s economic growth and use of the BNDES financing for strategic infrastructure projects Tokyo June 21, 2011 Luciano Coutinho President Brazil begins a new development cycle The Brazilian economy
More informationResults 4Q18. Feb. 28, GRU (SP) SDU (RJ) Fare: US$62
Results 4Q18 Feb. 28, 2019 GRU (SP) SDU (RJ) Fare: US$62 4Q18 Highlights Indicators 4Q18 Var. x 4Q17 ASK (BN) 12.5 +2.4% Traffic (000) 8,944 +3.4% Net operating revenues: R$3.2 billion (+10.1% vs. 4Q17)
More informationConference Call First Quarter 2014 Financial Results. Presentation3
Conference Call First Quarter 204 Financial Results Presentation3 May 2, 204 Agenda 2 Presentation3 Agenda 2 3 4 5 6 Opening Remarks Global Alimentos Acquisition Q4 Highlights Operating and Financial Review
More informationInstitutional Presentation June 2010
Institutional Presentation June 2010 Agenda Brazilian Credit Market Overview and Strategy Page 3 Page 8 2Q10 Results Page 17 Appendix Page 34 2 Agenda Brazilian Credit Market Overview and Strategy Page
More informationCENCOSUD DAY BUENOS AIRES 2016 CONSOLIDATING OUR STRATEGY
CENCOSUD DAY BUENOS AIRES 2016 CONSOLIDATING OUR STRATEGY AGENDA 1. CENCOSUD INDICATORS 2. STRATEGIC THRUSTS AND PROGRESS OF THE LAST 12 MONTHS 3. VISION FOR THE FUTURE 4. OPPORTUNITIES PER COUNTRY 1.
More informationQ1 Results for FY 2016 Earnings Results July 1 - September 30, 2015
Don Quijote Holdings. Co., Ltd. Q1 Results for FY 2016 Earnings Results July 1 - September 30, 2015 November 5,2015 0 Earnings summary 3 months to Sep. 2015 3 months to Sep. 2014 Actual Share YoY Actual
More informationInstitutional Presentation
Institutional Presentation September, 2010 Agenda Brazilian Credit Market Overview and Strategy 3Q10 Results Page 3 Page 8 Page 17 Peers Page 37 Appendix Page 42 2 Agenda Brazilian Credit Market Overview
More informationIMPORTANT INFORMATION
INSTITUTIONAL PRESENTATION Dec/2013 IMPORTANT INFORMATION This document contains forward-looking information to take into account regarding the business prospects, operational and financial results estimates
More informationBoard of Directors Zurich, 24 March, 2009 Dufry Presentation 1Q10 Results
Dufry Presentation 1Q10 Results May 2010 1 Legal Disclaimer Information in this presentation may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking
More informationInstitutional Presentation November, 2010
Institutional Presentation November, 2010 José Galló: CEO Adalberto Santos: CFO and IRO Paula Picinini: Investor Relations Manager Investor Relations Team Tel. +55 (51) 2121-7183/+55 (51) 2121-7045 ri_lojasrenner@lojasrenner.com.br
More informationLargest Retailer in Brazil. Gross Sales: R$ 44 billion
1 January 2011 Largest Retailer in Brazil Gross Sales: R$ 44 billion (annualized based in 2010): 1,863 points of sales, located in 18 States and the Federal District More than 140,000 employees 600 million
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationResults for FY 2016 Earnings Results July 1, June 30, 2016
Don Quijote Holdings. Co., Ltd. Results for FY 2016 Earnings Results July 1, 2015 - June 30, 2016 August 17, 2016 0 Earnings summary 12 months to Jun. 2016 12 months to Jun. 2015 Actual Share YoY Actual
More informationBrasil Brokers announces its 4Q08 results
Brasil Brokers announces its 4Q08 results Rio de Janeiro, March 16, 2009. Brasil Brokers Participações S.A. (Bovespa: BBRK3), a real estate brokerage and consulting firm with a strong presence in Brazil
More information4Q16 Results. CONFERENCE CALL ON RESULTS February 10, :00 p.m. (Brazil) / a.m. (US-EST)
CONFERENCE CALL ON RESULTS February 10, 2017 1:00 p.m. (Brazil) / 10.00 a.m. (US-EST) 4Q16 Results Access in Portuguese: +55 11 3127-4971 +55 11 3728-5971 Access in English: +1 516-300-1066 Password: Lojas
More informationCorporate Presentation July New growth cycle and value innovation
Corporate Presentation July 2018 New growth cycle and value innovation Index 1 Dental benefits: an incipient sector in Brazil 2 Inside OdontoPrev: strategic competitive advantages 3 Financial and Operational
More informationValid reports Net Revenue of R$412.1 million in 3Q17, down 3.2% from 3Q16 and up 5.2% from 2Q17.
Valid reports Net Revenue of R$412.1 million in, down 3.2% from and up 5.2% from 2Q17. Rio de Janeiro, November 8 th 2017 Valid (B 3 : VLID3 - ON) announces today its results for the third quarter of 2017
More information4Q16. Discussion Material
Discussion Material - 2016 March, 2017 Disclaimer This document may contain prospective statements, which are subject to risks and uncertainties as they were based on expectations of the Company s management
More information1Q10 Results. Conference Call. Tenda. Alphaville. Gafisa. Investor Relations Contact Luiz Mauricio de Garcia Paula
1Q10 Results Conference Call Tenda Alphaville Gafisa Investor Relations Contact Luiz Mauricio de Garcia Paula ri@gafisa.com.br 1 Safe-Harbor Statement We make forward-looking statements that are subject
More informationNovember/December 2010
1 November/December 2010 Largest Retailer in Brazil Gross Sales: R$ 44 billion (annualized based in 2010): 1,863 points of sales, located in 18 States and the Federal District More than 140,000 employees
More informationBusiness & Operating Review
Business & Operating Review 0 This presentation may contain financial or business projections regarding recent acquisitions, their financial or business impact, management expectations and objectives regarding
More informationAPRESENTAÇÃO DE RESULTADOS 2T18 INSTITUTIONAL PRESENTATION 2T18. p. 1
APRESENTAÇÃO DE RESULTADOS 2T18 INSTITUTIONAL PRESENTATION 2T18 p. 1 Investment Highlights Profitability and Growth Supported by Five Pillars Market under transformation and with high growth potential
More information4Q10 and 2010 Results. March 11 th, 2011
4Q10 and 2010 Results March 11 th, 2011 1 Agenda Period Highlights Brazilian fertilizer market Heringer s Sales and Breakdown by Crop Specialty Products Client Base and Market Share Mixing Units and Production
More information3Q17 Results. CONFERENCE CALL ON RESULTS October 25, :00 p.m. (Brazil) / 11:00 a.m. (US-EST)
3Q17 Results CONFERENCE CALL ON RESULTS October 25, 2017 1:00 p.m. (Brazil) / 11:00 a.m. (US-EST) Access in Portuguese: +55 11 3127-4971 +55 11 3728-5971 Access in English: +1 516-300-1066 Password: Lojas
More informationCFA EQUITY RESEARCH CHALLENGE 2014
Milan February 2014 CFA EQUITY RESEARCH CHALLENGE 2014 A tailor-made investment Marta Giampietro Federico Braga Matteo Cataldi Davide Di Bucchianico Giovanni Galvani Agenda Introduction and investment
More informationNonfarm Payroll Employment
PRESIDENT'S REPORT TO THE BOARD OF DIRECTORS, FEDERAL RESERVE BANK OF BOSTON Current Economic Developments - June 10, 2004 Data released since your last Directors' meeting show the economy continues to
More informationPSV totals R$627 million Contracted sales grow by 110% (R$351 million)
PSV totals R$627 million Contracted sales grow by 110% (R$351 million) São Paulo, November 13, 2007 Rossi Residencial S.A. (Bovespa: RSID3), one of the main residential real estate developers in Brazil,
More information1Q18 Earnings Conference Call
1Q18 Earnings Conference Call CONFERENCE CALL ON RESULTS May 04, 2018 1:00 p.m. (Brazil) / 12 noon (US-EST) Access in Portuguese: +55 11 3127-4971 or +55 11 3728-5971 Access in English: +1 516-300-1066
More information1H Results for FY 2018 Earnings Results July 1, December 31, 2017
Don Quijote Holdings. Co., Ltd. 1H Results for FY 2018 Earnings Results July 1, 2017 - December 31, 2017 February 6, 2018 0 Earnings summary 6 months to Dec. 2017 6 months to Dec. 2016 Actual Share YoY
More information1Q15 Results. Investor Relations Contacts: Felipe Enck Gonçalves CFO and Investor Relations. +55 (31)
1Q15 Results Investor Relations Contacts: Felipe Enck Gonçalves CFO and Investor Relations +55 (31) 3615-8400 ri@logcp.com.br www.logcp.com.br/ri LOG COMMERCIAL PROPERTIES ANNOUNCES THE 1Q15 RESULTS Belo
More informationCORPORATE PRESENTATION
CORPORATE PRESENTATION Grupo Pão de Açúcar and Globex Utilidades May, 2011 ABOUT GRUPO PÃO DE AÇÚCAR > Key figures > R$ 50+ bi Sales 1 > #1 Retailer in Brazil > Growth higher than the 2nd player s 2 >
More informationQ3 Results for FY 2016 Earnings Results July 1, March 31, 2016
Don Quijote Holdings. Co., Ltd. Q3 Results for FY 2016 Earnings Results July 1, 2015 - March 31, 2016 May 9,2016 0 Earnings summary 9 months to Mar. 2016 9 months to Mar. 2015 (Millions of yen) Actual
More informationCORPORATE PRESENTATION
CORPORATE PRESENTATION 2017 InRetail Overview Multi-format retailer with exclusive focus in Peru Leading positions in its 3 segments #1 supermarket chain #1 pharmacy chain #1 shopping center operator Controlled
More informationAnnual Meeting
1 Agenda 1 Accredited dentist network 2 Sustainability & marketing 3 Innovation and digital transformation 4 Results and value driven Company 5 Odonto System acquisition 6 Final considerations 2 José Roberto
More information1H Results for FY 2016 Earnings Results July 1 - December 31, 2015
Don Quijote Holdings. Co., Ltd. 1H Results for FY 2016 Earnings Results July 1 - December 31, 2015 February 5,2016 0 Earnings summary 6 months to Dec. 2015 6 months to Dec. 2014 Actual Share YoY Actual
More informationCorporate Presentation and 3Q17 Results
Corporate Presentation and 3Q17 Results 1 Company Overview 2 Market Outlook 3 Financial Profile 2 Overview of Mills Complete in engineering products and services, in Brazil for more than 65 years. Company
More informationInstitutional Presentation 3Q14
Institutional Presentation 3Q14 1 I. GENERAL OVERVIEW II. BUSINESS ENVIRONMENT III. 3Q14 RESULTS IV. GROWTH OPPORTUNITIES 2 Cetip s Timeline 1986 Cetip starts its operations 1994 Beginning of OTC Derivatives
More informationDG Gel cards for diagnosis in immunohaematology laboratories
S E C O N D H A L F R E S U L T S 2 0 0 7 DG Gel cards for diagnosis in immunohaematology laboratories 2 G R I F O L S 2 0 0 7 General evolution of the year 2007 Total revenue amounted to 703.3MM euros,
More informationM.A. W M.A. WRIGHT FUND EQUITY RESEARCH LOWE S (NYSE: LOW) Sell. S&P Sector Consumer Discretionary INDUSTRY INSIGHT
M.A. W M.A. WRIGHT FUND EQUITY RESEARCH Ivy Ghose Ghosei@rice.edu Jan 30, 2002 LOWE S (NYSE: LOW) S&P Sector Consumer Discretionary Sell MARKET DATA Price $44.79 52 wk range $48.88-24.59 Price Target $46
More informationQ1 Results for FY 2017 Earnings Results July 1, September 30, 2016
Don Quijote Holdings. Co., Ltd. Q1 Results for FY 2017 Earnings Results July 1, 2016 - September 30, 2016 November 4, 2016 0 Earnings summary 3 months to Sep. 2016 3 months to Sep. 2015 (Millions of yen)
More informationQ3 Results for FY 2018 Earnings Results July 1, March 31, 2018
Don Quijote Holdings. Co., Ltd. Q3 Results for FY 2018 Earnings Results July 1, 2017 - March 31, 2018 May 8,2018 0 Earnings summary 9 months to Mar. 2018 9 months to Mar. 2017 (Millions of yen) Actual
More informationConference Call 1Q11 Results
Conference Call 1Q11 Results 12:00 pm (US-ET) / 1:00 pm (Brazil) Access in English: +1 (786) 924-6977 Replay in English: +55 (11) 4688-6312 password: 8312633 Access in Portuguese: +55 (11) 4688-6361 Replay
More informationQ4 and FY 2017 Financial Results. March 9, 2018
and Financial Results March 9, 2018 Safe Harbor The information made available in this presentation contains forward looking statements which reflect the Company s current view of future events, results
More information