B2W Companhia Digital : 3Q20

(A free translation of the original in Portuguese)

B2W - Companhia Digital

Quarterly Information (ITR) at September 30, 2020

and report on review of quarterly information

(A free translation of the original in Portuguese)

Report on review of quarterly information

To the Board of Directors and Stockholders

B2W - Companhia Digital

Introduction

We have reviewed the accompanying parent company and consolidated interim accounting information of B2W - Companhia Digital ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended September 30, 2020, comprising the balance sheet at that date and the statements of income and comprehensive income for the quarter and nine-month period then ended, and the statements of changes in equity and cash flows for the nine-month period then ended, and a summary of significant accounting policies and other explanatory information.

Management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the accounting standard CPC 21 - "Interim Financial Reporting" of the Brazilian Accounting Pronouncements Committee (CPC) and International Accounting Standard IAS 34 - "Interim Financial Reporting" issued by the International Accounting Standards Board (IASB), as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC TR 2410 - "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", and ISRE 2410 - "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the interim information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

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PricewaterhouseCoopers, Rua do Russel 804, 6º e 7º, Edifício Manchete, Rio de Janeiro, RJ, Brasil, 22210-907, T: [phone], www.pwc.com.br

B2W - Companhia Digital

Other matters

Statements of value added

The quarterly information referred to above includes the parent company and consolidated statements of value added for the nine-month period ended September 30, 2020. These statements are the responsibility of the Company's management and are presented as supplementary information under IAS 34. These statements have been subjected to review procedures performed together with the review of the interim accounting information for the purpose of concluding whether they are reconciled with the interim accounting information and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in the accounting standard CPC 09 - "Statement of Value Added". Based on our review, nothing has come to our attention that causes us to believe that these statements of value added have not been properly prepared, in all material respects, in accordance with the criteria established in this accounting standard, and consistent with the parent company and consolidated interim accounting information taken as a whole.

Rio de Janeiro, October 23, 2020

PricewaterhouseCoopers

Auditores Independentes

CRC 2SP000160/O-5

Claudia Eliza Medeiros de Miranda

Contadora CRC 1RJ087128/O-0

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B2W Companhia Digital

Balance Sheet

In thousands of reais

			Parent Company				Consolidated
ASSETS	Note	9/30/2020	12/31/2019	9/30/2020	12/31/2019
CURRENT
Cash and cash equivalents	6	4,953,072	3,533,847	4,956,700	3,535,807
Marketable securities	7	2,872,398	2,719,116	3,007,613	2,947,491
Accounts receivables	8	1,563,209	751,168	1,617,092	762,147
Inventories	9	1,441,868	888,168	1,550,167	951,382
Recoverable taxes	10	750,334	658,600	781,348	684,136
Prepaid expenses		21,392	22,777	28,161	35,422
Other current assets		428,413	510,295	435,418	515,344

Total current assets		12,030,686	9,083,971	12,376,499	9,431,729
NON CURRENT
Marketable securities	7	79,008	224,775	79,008	224,775
Recoverable taxes	10	1,213,447	1,197,168	1,213,447	1,197,168
Deferred income tax and social contribution	11	1,348,135	1,264,561	1,416,730	1,326,769
Judicial deposits	22	114,657	90,350	116,325	90,543
Account Receivable - Related parties	12	103,661	89,729	2,817	-
Other non current assets		62,231	62,875	68,308	69,014

Investments	13	737,096	682,608	69,563	65,693
Fixed assets	14	352,344	384,131	378,578	407,866
Intangible assets	15	2,578,848	2,486,896	3,121,467	2,990,855
Rights-of-use assets	16	212,719	210,796	237,740	252,158
Total non current assets		6,802,146		6,693,889		6,703,983		6,624,841
TOTAL ASSETS		18,832,832		15,777,860		19,080,482		16,056,570

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