LATIN AMERICA EXECUTIVE CONFERENCE January 2012

9 Falabella9 Financial statements9 Business Units9 Investment Plan

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HISTORY

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CORPORATE STRUCTURE

4(*) Revenues as of December 2010 in USD Mill. translated at ER of September 2011, store number and total Loans as of September 2011.(**) Revenues of Sodimac Colombia are included, but it does not consolidate in Falabellas Financial statements.

A REGIONAL PLAYER

FINANCIAL SITUATION

LEVERAGE(times)

NET FINANCIAL LEVERAGE(times)

Financial Debt/ EBITDA(times)

NOTE: Doesnt include Banco Falabella Chile, Banco Falabella Per and Banco Falabella Colombia6

SOURCES OF REVENUE

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9M 2011:US$6.995 Million

9M 2010:US$5.957 Million

CORPORATE GOVERNANCE

During 2011 Falabella has been awarded for second consecutive year as the company with Most Convincing and Coherent Strategy in Chile, and for the first time as the company with the Best Corporate Governance in Chile, by Euromoney Magazine.

Ownership: Controlling Group ( 7 families ) 83,5 %

9 Board Members (1 is Independent and also President of the Auditors Committee)

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9 Falabella9 Financial statements9 Business Units9 Investment Plan

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CUMULATIVE RESULTS

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9 Falabella9 Financial statements9 Business Units9 Investment Plan

11

272

344

489

1.346

2.451

197

288

435

1.198

2.118

Colombia

Argentina

Per

Chile

Total

9M 2010

9M 2011

+12,3%

+ 15,7 %

+19,5%

+12,6%

+37,8%

DEPARTMENT STORES

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Revenue Growth Good consumption levels in the region E- Commerce Growing in revenues market share

Lower Gross Margin Uncommon winter in the region Controlled levels of Inventories

Investing in strengthening Brands Advertising

CUMULATIVEREVENUES(MUS$*)

(*) IFRS Revenues in US$ at exchange rate as of September 2011

718

116

260

1.941

3.034

583

90

186

1.731

2.590

Colombia

Argentina

Per

Chile

Total

9M 2010

9M 2011

+12,1%

+ 17,2%

+28,8%

+39,7%

+23,2%

HOME IMPROVEMENT

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Income Growth Performance of stores in Peru Higher store base in Colombia SSS in the Region

Higher SG&A Higher logistic expenses Investing in Brands: Advertising

CUMULATIVEREVENUES(MUS$*)

(*) IFRS Revenues in US$ at exchange rate as of September 2011

414

542

956

325

475

800

Per

Chile

Total

9M 2010

9M 2011

SUPERMARKETS

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Growth of revenues New Stores Peru: Increasing Market Share

Gaining Operations scale

Advertising

Efficiency and logistic projects

CUMULATIVEREVENUES(MUS$*)

+14,0%

+ 19,5 %

+27,6%

(*) IFRS Revenues in US$ at exchange rate as of September 2011

3Q2010 3Q2011

5

8

3Q2010 3Q2011

49

52

REAL ESTATE

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Solid consumption levels

Good performance of Aventura Plaza and Open Plaza

Higher SG&A of Mall Plaza New projects in Chile and Colombia

Opening of Powercenter Santa Julia in Reaca, Chile (Sodimac + Tottus)

MallPlaza(Millionsofvisits)CHILE

PERU

+ 56,8 %

+ 6,1 %

416

218

626

1.665

1.806

4.731

205

137

479

1.360

1.531

3.712

Colombia

Argentina

Peru

BcoChile

CMRChile

Total

Sep-10 Sep-11

FINANCIAL RETAIL

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Loans growth In line with the regions consumption

levels of growth

Lower Gross Margins Provisions

Possible changes of regulation in Chile

Launch of Banco Falabella in Colombia

GROSSLOANS(MUS$*)

(*) IFRS Revenues in US$ at exchange rate as of September 2011

+ 27,5 %

+17,9%

+30,6%

+59,2%

+103,5%

+22,5%

LOANS BOOK BREAKDOWN

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TOTAL LOANS: US$4.731 Million

(*) Loans consolidated in US$ at E/R of Sep-11

CONTINUOUS GROWTH

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PER

ARGENTINA COLOMBIA

(*) Gross Loans in historic local currency

CHILE

SUSTAINABLE GROWTH

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CMR CHILE PER

ARGENTINA COLOMBIA

(*) Average loan in historic local currency

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9 Falabella9 Financial statements9 Business Units9Investment Plan

NEW STORES OPENED DURING 2011

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2011: 20 STORES OPENED

SODIMAC- Rancagua- Santa Julia- Quinta Vergara- Quilicura- Imp. Rancagua

SODIMAC-Jockey Plaza

SODIMAC- Calima- Monteria- Neiva- Manizales

TOTTUS- Penta-Jockey Plaza- Belaunde

TOTTUS- Machali-Santa Julia- Calama (2)- Llo- Lleo- Huechuraba

SAGA FALABELLA- Cajamarca

4 STORES CLOSED: Sodimac Chile: Rancagua, Reaca altoSodimac Colombia: Las AmericasSaga Falabella: Expo Cajamarca

GROWTH PLAN

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+204Stores

+16Malls

+US$3.341Mill.

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DISCLAIMER

This presentation contains forward-looking statements, including statements regarding the intent, belief or current expectations of the Company and its management. Investors are cautioned that any such forward-looking statements are not guarantee of future performance and involve a number of risks and uncertainties including, but not limited to, the risks detailed in the companys financial statements, and the fact that actual results could differ materially from those indicated by such forward-looking statements.

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CONTACT INFORMATION

Jordi Gaju N.

Chief Development Officer

(jgaju@falabella.cl)Telfono: 56-2-380 2007

Alejandro Gonzlez D.

Chief Financial Officer

(alejgonzalez@falabella.cl)Telfono: 56-2-380 2205

Humberto Solovera R.Corp. Planning & Development Engineer /

Investor Relations

(hsolovera@falabella.cl)Telfono: 56-2-380 2007

Domingo Godoy U.Corp. Planning & Development Engineer /

Investor Relations

(dgodoy@falabella.cl)Telfono: 56-2-380 2007

LATIN AMERICA EXECUTIVE CONFERENCENmero de diapositiva 2HISTORYCORPORATE STRUCTUREA REGIONAL PLAYERFINANCIAL SITUATIONSOURCES OF REVENUE CORPORATE GOVERNANCENmero de diapositiva 9CUMULATIVE RESULTSNmero de diapositiva 11DEPARTMENT STORESHOME IMPROVEMENTSUPERMARKETSREAL ESTATEFINANCIAL RETAILLOANS BOOK BREAKDOWNCONTINUOUS GROWTHSUSTAINABLE GROWTHNmero de diapositiva 20NEW STORES OPENED DURING 2011GROWTH PLANDISCLAIMERCONTACT INFORMATION