conference call 1q 2013
DESCRIPTION
Conference call 1Q 2013 pptTRANSCRIPT
Contents
Highlights
Consolidated Income Statement
Chile Operation
Colombia Operation
Store Remodeling Schedule
Q&A
2
3
Consolidated Income Statement: 1Q 2013
CLP M$ 1Q 2013 % Revenues 1Q 2012 % Revenues
Revenues 90,557 81,066
Cost of sales (66,643) -74% (88,220) -109%
Margin 23,913 26% (7,155) -9%
SG&A (w/o depreciation) (29,877) -33% (26,975) -33%
EBITDA (5,829) -6% (32,454) -40%
Depreciation (1,897) (1,837)
Non operating profit (2,533) 274
Profit (loss) before taxes (10,393) -11% (35,693) -44%
Benfits (expenses) income tax 2,265 826
Profit (loss) (8,128) -9% (34,867) -43%
1Q13 HIGHLIGHTS
1Q 2013
Same stores sales in Chile grew by 15%
Sustained growth in retail margin
Financial retail business back to positive
Colombia revenues grew by 22%
Agreement with SERNAC
Store Remodeling
Recent events
Board of Directors
New financial retail management
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5
Chile: Retail Business 1Q 2013
SSS (CLP Billions)
18 17 18 19
46
17 20 21
21 21 19
23
52
18 23 25
Aug Sep Oct Nov Dec Jan Feb Mar
L8M 2011 - 2012 L8M 2012 - 2013
Retail Gross Margin
1Q 2013 1Q 2012 D %
Retail revenues (CL M$)
Chile 67,327 59,358 13%
33.0%
21.9% 18.2% 17.0%
14.8% 11.6% 12.3%
SEP´11 DEC´11 MAR´12 JUN´12 SEP´12 DEC´12 MAR´13
6
Chile: Credit Business 1Q 2013
Gross Loans (CLP Billions) Portfolio by Aging Segments
Risk Rate (Provisions) Credit Card Loans + VAT
1Q 2013 1Q 2012 D %
Financial Revenues (CL M$)
Chile 15,664 15,328 2%
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Chile: EBITDA 1Q 2013
EBITDA Chile M$ 1Q 2013 1Q 2012 1Q 2013 1Q 2012 1Q 2013 1Q 2012
Revenues 67,327 59,358 15,664 15,328 82,991 74,686
Gross margin 15,426 11,910 7,540 (18,764) 22,966 (6,854)% Gross margin 23% 20% 48% -122% 28% -9%
SG&A w/o depreciation (19,164) (18,864) (6,677) (5,779) (25,841) (24,643)% Revenues -28% -32% -43% -38% -31% -33%
EBITDA (3,737) (6,918) 951 (22,868) (2,787) (29,786)
% Revenues -6% -12% 6% -149% -3% -40%
EBITDA w/o non-recurring (3,737) (5,163) 951 (1,648) (2,787) (6,811)% Revenues -6% -9% 6% -11% -3% -9%
Retail Financial Consolidated
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Colombia Operation SSS (CLP Billions)
Risk Rate (Provisions) Gross Loans (CLP Billions)
4.6
7.7 7.7 7.6 6.5
8.5 7.9
SEP´11 DEC´11 MAR´12 JUN´12 SEP´12 DEC´12 MAR´13
Normal
10.1% 10.3% 11.9%
13.8%
11.9%
8.6% 9.9%
SEP´11 DEC´11 MAR´12 JUN´12 SEP´12 DEC´12 MAR´13
CL Billion $ 1Q 2013 1Q 2012 D%
Retail Revenues 6.6 5.4 22%
Financial Revenues 0.99 0.97 2%
Retail EBITDA -2.2 -1.9
Financial EBITDA -0.9 -0.7
EBITDA -3.0 -2.7
Remodeling Stores in Chile 2013 -2014 100,000 m2 with a CAPEX US$40 million
Mar-13
2 store 1 store
Jun-13 Jul-13
6 stores 8 stores
First half 2014
May 2013
EARNINGS RELEASE
FIRST QUARTER 2013
Investor Relations Contact: María Paz Ortega (562) 2383226 ([email protected])
www.nueva-polar.cl