Almacenes Éxito S A : Grupo Exito Corporate Presentation 2024

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.

2

Grupo Calleja: New controller of Grupo Éxito

3

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

5

Note: Ownership structure as of March 31, 2024.

Update on the

Corporate

Strategy

6

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

8

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

9

Grupo Éxito:

Key Facts

10