Grupo Éxito
Corporate
Presentation
2024
Disclaimer
This document contains certain forward-looking statements based on data, assumptions, and estimates, that the Company believes are reasonable; however, it is not historical data and should not be interpreted as guarantees of its future occurrence. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations, expectations in connection with the company's ESG plans, initiatives, projections, goals, commitments, expectations or prospects, including ESG-related targets and goals, are examples of forward-looking statements. Although the Company's management believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements.
Grupo Éxito operates in a competitive and rapidly changing environment; therefore, it is not able to predict all the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements, or that could contribute to such differences, include, without limitation, the risks and uncertainties set forth under the section "Item 3. Key Information - D. Risk Factors" in the Company's registration statement on Form 20-F filed with the Securities and Exchange Commission on July 20, 2023.
The forward-looking statements contained in this document are made only as of the date hereof. Except as required by any applicable law, rules or regulations, Grupo Éxito expressly disclaims any obligation or undertaking to publicly release any updates of any forward‐looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions, or circumstances on which any forward-looking statement contained in this document is based.
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Grupo Calleja: New controller of Grupo Éxito
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Grupo Calleja takes control over Grupo Éxito
Float distribution1: BDR´s 83.3%, ADR´s 9.4% and BVC 7.3%
Grupo Calleja Key Facts in El Salvador
✓ One of the largest companies in El Salvador (+11
thousand collaborators) | |
✓ Over 70 years of experience | |
✓ Leading food retailer in El Salvador (operates | |
under the Super Selectos banner) | |
✓ 113 stores and 60% market share | |
• Shareholder's base1 is represented by around 42,000 | ✓ Long-term view on Grupo Éxito investment |
holders distributed in 3 markets |
Note: 1 BDR represents 4 common shares, and 1 ADR represents 8 common shares. (1) Shareholder structure as of March 31, 2024; Grupo Calleja holds 86.84% of Grupo Éxito (65.44% represented in ADR´s and | 4 |
21.40% in common shares in Col) |
Ownership Structure
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Note: Ownership structure as of March 31, 2024.
Update on the
Corporate
Strategy
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Management Team
Juan Carlos Calleja
CEO Grupo Éxito
Carlos Mario GiraldoJean Christophe TijerasRamón Quagliata
General Manager | General Manager | General Manager | |
Colombia | Uruguay | Argentina | 7 |
Long-term strategic pillars
Main value-creation drivers and focus
Customer centric strategy
Differentiated value | Omnichannel experience |
◼ Increase product assortment / | ◼ Lead digital sale of groceries |
"Unbeatable" portfolio | ◼ Create competitive advantages to serve |
◼ Targeted offers and discounts | better |
◼ Improve sales per sqm | ◼ Strengthen internal capacities |
Real estate opportunities
- Consolidate Viva Malls in Colombia
- Strengthening current assets in Argentina and the retail/real estate strategy
SG&A efficiencies
- Expense control at all levels
- Focus on improving shrinkage levels
- Systemic negotiations with key suppliers
- A leaner operating structure
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Colombia
Uruguay
Argentina
Initiatives to address challenges and drive
performance
Facts
- The most relevant operation in terms of contribution to results and potential
- Well-positionedretail and complementary businesses
- Leading omnichannel platform in the region
- Positive cash flow outcome
- The most profitable business unit
- Leader retail player in the country
- Solid macro and consumer environments
- Resilient performance and improved trend over the last years
Challenges
- High interest rates affecting consumer credit, TUYA and non- food performance
- Still high inflation reducing household expenditure and affecting the expense structure of the company
- Increased competition across the country
Focus:
- Improve assortment, sales per sqm and efficiency plans
- Gradual store base conversion to Éxito and Carulla banners
- Further implementation of Wow and FreshMarket models
Focus:
- Best practices across international operations to gain operating efficiencies
- Negative FX effect on results
- Inflationary pressures on consumption and expenses
Focus:
- Efficiency plans
- Strengthening the dual retail/real estate strategy to improve profitability of current RE portfolio
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Grupo Éxito:
Key Facts
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Disclaimer
Almacenes Éxito SA published this content on 18 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2024 20:25:02 UTC.