Slide 1 LOJAS AMERICANAS


JUNTOS SOMOS MAIS DE

1000

LOJAS AMERICANAS

Results 3Q15


GMV Net Revenue 'SSS'Growth


GMV reached

R$ 4.9 billion

Growth of 11.2% in

the Net Revenue


Net Revenue in the 'same stores sales' concept grew 9% in the quarter


Parent | R$ 2.2 bi. +11.2%

Consolidated | R$ 4.0 bi. +10.5%


Gross Margin EBITDA EBITDA Margin


Growth of 1.1 p.p. in the Gross Margin

Growth of 18.5% in the EBITDA

Growth of 1.1 p.p. in the EBITDA Margin


Parent | 33.8% of NR

Consolidated | 28.8% of NR

Parent | R$ 403.4 MM +18.5%

Consolidated | R$ 526.0 MM +10.3%

Parent | 18.6% of NR

Consolidated | 13.0% of NR


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Evolutin in the 3Q15 EBITDA Margin and Gross Margin


GROSS MARGIN EBITDA MARGIN


Better mix combination (Cross-Selling)



EXPANSION OF 1.1 p.p. IN THE GROSS MARGIN

Supply (Allocation)


EXPANSION OF 1.1 p.p.

IN THE EBITDA MARGIN


Improviments in logistics (Supply Chain)


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Lojas Americanas Resilience 'WE ALWAYS WANT MORE'


EXTERNAL FACTS

OUR ACHIEVEMENTS


2001

2002

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

Economic Instability:

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

2001

2002

(vs. 2001)


2007

Beginning of the real estate crisis in the USA

2007

(vs. 2006)


2008

2009

2010

Global Financial Crisis

2008

2009

IGP-M 2010 reaches 11.3% per year


2014

(vs. 2007)


2013


2014 GDP of +0.1%

2014


2015

IPCA 12M reaches 9.93%

SELIC reaches 14.25%, +3.00 p.p. vs. October

2014

Expectation of adjustments in the economy

2015

EBITDA exceeds R$ 100 MM (9 digits)

Organic expansion growth


Cash generation growth of 59% Net revenue 2x bigger

Aquisition of 127 stores

Creation of B2W (Dec 2006)

Consolidated gross revenue increases 54% Consolidated EBITDA grows of 58%

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)

+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


Reached 1,000 Stores! More 28 new cities!

'85 years in 5 - Somos mais Brasil'


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