Forus Earnings Results 1Q May 19th 2017

Transcripción

1 Forus Earnings Results 1Q 2017 May 19th 2017

2 Index Agenda 1. Summary of Results 2. Highlights of the period 3. Financial Results 4. Q&A 2

3 Summary of Consolidated Results 1Q 2017 Net Profit of US$ 9.4 million increased 21.4%. Its represents 10.2% as a percentage of 1Q 2017 net revenues. Consolidated Revenues of US$ 92.4 million grew 3.1% in the 1Q Gross Margin increased 7.5%, obtaining a gross margin of 53.5% as a percentage of Revenues in 1Q 2017, 218 bps over the 51.3% reported in 1Q Operating Income grew 3.9% and reached a 13.8% of Revenues in 1Q EBITDA increased 1.2%, reaching an EBITDA margin of 16.1% in 1Q

4 Index Agenda 1. Summary of Results 2. Highlights of the period 3. Financial Results 4. Q&A 4

5 Highlights of the Period Openings 1Q 2017 Stores Sqm Chain Store City veinte Valdivia Valdivia Hush Puppies Cayma Arequipa TOTAL: Store s Openings Evolution 2017 Aperturas Openings Closings Cierres Aperturas Net Openings Netas 2-4 1Q'17-2 5

6 Highlights of the Period New Brand in Chile PrAna Sale through the Stores: E-commerce in Uruguay CAT Brand 6

7 Index Agenda 1. Summary of Results 2. Highlights of the period 3. Financial Results 4. Q&A 7

8 Consolidated Income Statement of the weight Revenues 1Q'17 1Q'16 Var % ,1% 83% 17% 8

9 Revenues by Subsidiaries 1Q 17 Revenues (MM Ch$) 1Q16 1Q17 3,8% Var. % Local Currency Var. % in CLP ,0% ,1% ,6% 5,6% 9,9% -12,4% 9,7% 14,6% Chile Retail Chile Wholesale Chile Consolidado Consolidated Peru Perú Colombia Uruguay 0,9% Square Meters March Q16 1Q17 Nominal SSS % Growth (in local currency) Uruguay 3,2% Colombia 4,3% 0,7% 14,9% 6,4% Chile Peru Perú Colombia Uruguay Peru Perú Chile -9,1% 3,8% 9

10 Sales per Square meter by Country Venta Retail Retail Sales per x m2 square (en monedas meter (in locales) currency) acumuladas accumulated a: as of: expresados expressed in en USD USD Mar Mar Var. % Chile ,0% Uruguay ,4% Colombia ,7% Perú ,9% Total ,3% 10

11 Consolidated Income Statement Gross Profit ,5% 53,5% 51,3% 2,2 of the weight 85% 15% 11

12 Gross Margin by Subsidiaries 1Q 17 Gross Margin (MM Ch$) 7,7% ,6% Q16 1Q17 Var. % AA ,0% ,4% ,2% 7,0% Chile Retail Chile Wholesale Chile Consolidated Consolidado Perú Peru Colombia Uruguay Gross Margin % 1Q16 Var. bps 143 bps 54,8% 56,2% 1Q bps 239 bps 110 bps -105 bps 119 bps 44,9% 49,3% 51,7% 54,1% 48,7% 49,8% 43,3% 42,3% 50,9% 52,1% Chile Retail Chile Wholesale Chile Consolidated Consolidado Peru Perú Colombia Uruguay 12

13 Levels of Inventories Var. Inventories 1Q'17 (days) mar-16 Var. % Inventories 1Q'17 ($CLP) mar-16 mar-17 13% mar % 4% FORUS CHILE FORUS FORUS SUBSIDIARIES FILIALES FORUS CONSOLIDATED CONSOLIDADO FORUS CHILE FORUS FORUS SUBSIDIARIES FILIALES FORUS CONSOLIDATED CONSOLIDADO mar-16 mar-17 FORUS COLOMBIA FORUS PERU FORUS URUGUAY 13

14 Consolidated Income Statement Operating Profit ,9% 13,8% 13,7% 100% 14

15 Operating Profit by Subsidiaries 1Q 17 Operating Profit (MM Ch$) 1Q16 1Q17 1,8% 10,2% ,9% Var. % AA ,8% -12,8% 47,8% Chile Retail Chile Wholesale Chile Consolidated Consolidado Peru Perú Colombia Uruguay Var. bps Chile Retail -41,9%-43,7% 1Q16 Chile Wholesale -16,9%-18,8% SG&A s (%) Chile Consolidado Consolidated Perú Peru Colombia Uruguay -34,2%-36,3% -51,5% -56,9% -58,7% -64,0% -182 bps -187 bps -204 bps -540 bps 530 bps -53,2% -55,1% -186 bps 28% 14% % Immature Stores 65% 33% 56% 48% 39% 31% CHILE PERÚ COLOMBIA URUGUAY 1Q16 1Q17 1Q17 15

16 Consolidated Income Statement Non-Operating Income 109 (1.296) -108,4% 18% Due to Operating Result 82% Due to Non Operating Result Net Profit ,4% 10,2% 8,6% 1,5 16

17 Capex 2017 Capex 2017 US$ 9 MM 20 Stores Chile Peru Perú Colombia Uruguay 17

18 Forus 4 Pilar-based Strategy 4 CONCEPTOS ESTRATEGICOS Crecimiento Integración Innovación Cultura Crecimiento Integración Innovación Cultura Growth Integration Innovation Culture Crecimiento Integración Innovación Cultura 18

19 Index Agenda 1. Summary of Results 2. Highlights of the period 3. Financial Results 4. Q&A 19

20 Disclaimer This document is only informative, and part of the information collected in it contains projections about intentions, expectations or future predictions. All of them, except for those based on historical facts, are forward-looking, including, among others, those regarding the financial position, business strategy, management plans and objectives for future operations of the Company. And as such, they are subject and / or affected to a variety of contingencies, (among others, competition in the sector, preferences and trends in consumer spending, economic and legal conditions in the country, restrictions on free trade and / or political instability in the markets in which the company operates), difficult to predict, that could cause ultimately these projections will not really occur. Therefore, the Company does not guarantee total effectiveness of such forward-looking, they may differ from what is reported here, not being this responsibility of the company or its management. 20

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