company’s shareholders and the investment financiera... · 2017-10-13 · 2q12 webcast july 23,...
TRANSCRIPT
July 23, 2012
The date of this call is July 23, 2012.
Before we start, let me remind you that this call is property of
Wal-Mart de México S.A.B. de C.V. and is intended for the
use of the company’s shareholders and the investment
community. It should not be reproduced in any way.
This call may contain certain references concerning Wal-Mart
de Mexico S.A.B. de C.V.’s future performance that should be
considered as good faith estimates made by the Company.
These references only reflect management expectations and
are based upon currently available data. Actual results are
always subject to future events, risks and uncertainties, which
could materially impact the Company’s actual performance.
2Q12 WEBCAST July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future
performance that should be considered as good faith estimates made by the Company. These references
only reflect management expectations and are based upon currently available data. Actual results are
always subject to future events, risks and uncertainties, which could materially impact the Company’s
actual performance.
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Mexico 2Q12
Results
3
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Mexico Retail: Reinforcing Sales Strategies
4
Key Sales Strategies
Total Comparables
2Q12 Sales Growth
+10.3%
Win in traffic departments
Price Leadership
Modulars Execution
Supply
+3.0%
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Mexico Retail: Gross Margin
5
2Q11 2Q12
22.4%
22.8%
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Mexico Retail: Driving Productivity
6
2Q11 2Q12
12.7%
12.5%
Expenses ex-depreciation (% of Total Income)
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Mexico: Banco Walmart
7
Supplier Loans Consumer Loans
Credit Cards Deposits
823
1,650
2Q11 2Q12
Mx$ million
713
1,568
2Q11 2Q12
Mx$ million
1,593
3,797
2Q11 2Q12
Mx$ million
250
419
2Q11 2Q12
Thousand
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Mexico: EBITDA Margin
8
Mexico: Retail + Bank
9.9
10.3
2Q11 2Q12
Mexico Retail
9.6
10.1
2Q11 2Q12
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
2Q11
Mexico: 2Q12 Results
9
% Increase
2Q12
Total income
Gross margin
General expenses
Operating income
EBITDA
% $ 84.3
19.3
12.5
6.8
8.5
$ 76.4
17.1
11.5
5.8
7.3
10.4
12.4
9.0
16.8
16.3
100.0
22.8
14.8
8.0
10.1
100.0
22.4
15.0
7.6
9.6
% %
% % $ $ (Mx billions)
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Central America
2Q12 Results
10
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Central America: Systems Integration
11
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Central America: 2Q12 Sales Growth
12
Constant Currency
Total Comparables
+ 7.5%
+ 0.4%
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Central America: Inventories Reduction
13
Inventories
Mar 31, 2012 Jun 30, 2012
-12% 21.1
20.0
2Q11 2Q12
Gross Margin (%)
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Central America: 2Q12 Results
14
2Q11 % Increase 2Q12
Total income
Gross margin
General expenses
Operating income
EBITDA
$ 14.2
2.8
2.6
0.2
0.5
$ 11.5
2.4
2.2
0.3
0.6
100.0
20.0
18.4
1.4
3.7
100.0
21.1
18.7
2.4
4.9
% %
% % $ $ (Mx billions) In peso terms
On a constant currency basis
22.9
16.5
20.8
-29.5
-7.0
% 7.5
1.8
5.5
-38.4
-18.7
%
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Walmart México
y Centroamérica
15
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Walmex: 2Q12 Consolidated Results
16
2Q11 % Increase
2Q12
Total income
Gross margin
General expenses
Operating income
EBITDA
Net Income
% $ 98.5
22.1
15.1
7.0
9.1
4.9
$ 87.9
19.6
13.6
6.1
7.9
4.5
12.0
12.9
10.8
14.7
14.7
9.1
100.0
22.4
15.3
7.1
9.2
5.0
100.0
22.3
15.5
6.9
9.0
5.1
% %
% % $ $ (Mx billions)
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Financial Strength
17
Walmex Balance Statement June 30, 2012 (Mx$ millions)
Cash
Assets Liabilities &
Shareholders’ Equity
Acct’s Receivable (Banco Walmart)
Inventories
Fixed Assets & Others
Suppliers
Acct’s Payable (Banco Walmart)
Shareholders’ Equity & Others
TOTAL $ 205,508
19,650
33,081
39,382
162,345
2,982 3,781
149,795
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
$57,221
Last 12 Months Cash Generation (Mx$ millions)
18
15,743 19,650
16,315
9,612 3,311
8,333
40,897 581
June 30, 2011 Cash
Generation
Working
Capital
CAPEX Dividend
Payment
Share
Repurchase *
Taxes June 30, 2012
*Includes share repurchase and purchase of shares for the Company’s Stock Option Plan
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
2012 Openings
19
YTD Openings
Discount Stores
Supermarket
“Bodegas”
70
26
3
6
2
2
2
111
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
FCPA
20
Please refer to our 2Q12 Financial Information
to the Mexican Stock Exchange on:
www.walmex.mx
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance
Investing in Talent
21
Chief Compliance and
Administrative Officer,
and EVP
Chief Compliance
Officer, VP
Anti-Corruption
Director (FCPA)*
* Reporting directly to Wal-Mart Stores
Javier Soní Ocampo
Adriana Velázquez Villaseñor
(September)
July 23, 2012
This presentation may contain certain references concerning Wal-Mart de Mexico S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the
Company. These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties,
which could materially impact the Company’s actual performance 22