Results 3Q15

2

GMV Net Revenue “SSS” Growth

Gross Margin EBITDA EBITDA Margin

GMV reached R$ 4.9 billion

Parent | R$ 2.2 bi. +11.2% Consolidated | R$ 4.0 bi. +10.5%

Net Revenue in the “same stores sales” concept grew 9%

in the quarter

Parent | 33.8% of NR Consolidated | 28.8% of NR

Parent | 18.6% of NR Consolidated | 13.0% of NR

Parent | R$ 403.4 MM +18.5% Consolidated | R$ 526.0 MM +10.3%

Growth of 1.1 p.p. in the EBITDA Margin

Growth of 18.5% in the EBITDA Growth of 1.1 p.p. in the Gross Margin

Growth of 11.2% in the Net Revenue

Evolutin in the 3Q15 EBITDA Margin and Gross Margin

3

EXPANSION OF 1.1 p.p.

IN THE GROSS MARGIN

Supply

(Allocation)

Better mix combination

(Cross-Selling)

Improviments in logistics

(Supply Chain)

EXPANSION OF 1.1 p.p.

IN THE EBITDA MARGIN

GROSS MARGIN EBITDA MARGIN

Cash Generation, Investments and Working Capital

4

Inve

sti

me

nts

E

BIT

DA

+Stores +Tecnology +Logistics

Strong Operating Cash Flow Generation (EBITDA)

Parent Consolidated

Zero Day

34

Months (~3 anos)

Same Level

as 3Q14

Net Working Capital Average Debt Term Net Debt / EBITDA

Parent

EXTERNAL FACTS

2001 09/11 attacks undermine the world economy and Brazil faced power rationing

2002 Economic Instability: Dollar reaches R$ 4.00, stock market falls 46% and SELIC is 25% per year

2007 Beginning of the real estate crisis in the USA

2008 2009

Global Financial Crisis

2010 IGP-M 2010 reaches 11.3% per year

OUR ACHIEVEMENTS

EBITDA exceeds R$ 100 MM (9 digits) Organic expansion growth

Cash generation growth of 59% Net revenue 2x bigger

2002 (vs. 2001)

2007 (vs. 2006)

Aquisition of 127 stores Creation of B2W (Dec 2006) Consolidated gross revenue increases 54% Consolidated EBITDA grows of 58%

2008 2009 (vs. 2007)

Consolidated Gross Revenue increases 26% Consolidated EBITDA grows 52% “Sempre Mais Brasil” – 80 years in 4!

+400 new stores in 4 years +153 new cities (2x total in 2009)

“WE ALWAYS WANT MORE”

Reached 1,000 Stores! More 28 new cities! “85 years in 5 – Somos mais Brasil”

2015 IPCA 12M reaches 9.93% SELIC reaches 14.25%, +3.00 p.p. vs. October 2014 Expectation of adjustments in the economy

+55 new cities, presence in all Brasilian states +R$ 3.1 bi of revenue (D vs.2013), ~2x vs. 2001 EBITDA reachs R$ 2.2 bi

2013

2014 GDP of +0.1% 2014

2001

2015

2014

Lojas Americanas Resilience

5

6

Expansion Plan More than 1,000 stores

SOMOS MAIS BRASIL

• “85 anos em 5 – Somos Mais Brasil” In the next 5 years (2015 – 2019), we expect to open 800 new

stores in Brasil.

M

• 1,002 Stores 500 opened in the last 5 years

• 376 Cities 206 new cities in the last 5 years

• 4 Distribution Centers 3 opened in 1999 and 1 in 2013

The inauguration of the thousandth store

+AQUI Extended Warrant and Anti Theft & Robbery Warrant

7

New Gift Card and Diaper Card:

New Credit Card:

One more

BENEFIT offered

by Lojas

Americanas with

the goal to extend

the warrant of the

product for 12 to

24 more months.

Warrant that

protects your

smartphone

against qualified

theft or robbery for

12 months.

+ Security + Pre-paid cards + Loans + Gift Cards

Private Label Leven e D’elicce

8

WELL BEING AND HEALTHY

NUTRITION

PERFECT PRODUCTS FOR THE MOST

DELICIOUS MOMENTS!

GREAT OPTION OF GIFT FOR THIS TIME OF THE

YEAR!

B2W Digital 3Q15 Consolidated Results

9

Gross Merchandise Volume (R$) Marketplace GMV (R$) Mobile (% of Traffic)

Marketplace Participation (% GMV) Net New Customers

TTM10.1%

34.8%269 MM2,667 MM

Market Share (%)

26.5%

+25.8% +749.8% +15.2 p.p.

+2.4 p.p. +1.9 MM+8.6 p.p.

Lojas Americanas Next Events

10

Investors Relation Team

http://ri.lasa.com.br investidores@lasa.com.br

Tel.: + 55 (21) 2206-6708

Considerações referentes às perspectivas do negócio, estimativas de resultados operacionais e financeiros, e às perspectivas de crescimento da Lojas Americanas, eventualmente expressas neste relatório, se constituem apenas em projeções e, como tal, baseiam-se exclusivamente nas expectativas da administração da Lojas Americanas em relação ao futuro do negócio e seu contínuo acesso a capitais para financiar o plano de negócios da Companhia. Tais considerações dependem, substancialmente, de mudanças nas condições de mercado, regras governamentais, pressões da concorrência, do desempenho do setor e da economia brasileira, entre outros fatores e estão, portanto sujeitas a mudanças sem aviso prévio.

EBITDA Ajustado (LAJIDA) – Lucro operacional antes de juros, impostos, depreciação e amortização, outras receitas/despesas operacionais, equivalência patrimonial, participação minoritária, participação estatutária e operações descontinuadas.