Wal Mart de Mexico B de C : Walmart de México y Centroamérica Reporta Resultados del Primer Trimestre de 2021

Walmart de México y Centroamérica Reports

Results for the First Quarter 2021

FREE TRANSLATION, NOT TO THE LETTER

Mexico City, April 27, 2021

Financial Results

Today Wal-Martde México, S.A.B. de C.V. (BMV/BIVA: WALMEX) reported financial results for the first quarter of 2021. Total revenues decreased 0.3%. EBITDA for the quarter amounted to $19.5 billion pesos, which represented 11.4% of total revenues, an increase of 2.2% over last year's levels.

Main figures are:

Results		2021							2020							Growth
January - March		Million			%				Million			%				%
	$MXN						$MXN
Net Sales	169,334				169,957				(0.4)
Other Income	1,423					1,377					3.3
Total Revenues	170,757		100.0	171,334		100.0	(0.3)
Cost of Sales	130,977		76.7		132,270		77.2		(1.0)
Gross Profit	39,780		23.3	39,064		22.8	1.8
General Expenses	24,983		14.6		24,689		14.4		1.2
Income before Other Income Net	14,797		8.7		14,375		8.4		2.9
Other Income (Expenses) - Net	143		0.1			265		0.2			(46.0)
Operating Income	14,940		8.7		14,640		8.5		2.0
Financial Income (Expenses) - Net	(1,677)		(1.0)	(1,610)		(0.9)	4.1
Taxes	3,193		1.9			3,033		1.8			5.3
Net Income	10,070		5.9		9,997		5.8		0.7
EBITDA	19,475		11.4	19,050		11.1	2.2
EPS (in pesos)	0.577				0.573				0.7
EPS= Earnings per share

This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.

April 27, 2021

1

Openings Q1 2021

Mexico: 20 units

• 19 Bodegas Aurrerá

• 1. 1 Bodega Aurrerá o 6 Mi Bodegas
     o 12 Bodegas Aurrerá Express
• 1 Sam's Club

Central America: 4 units − 4 Discount Stores

Installed Capacity

Sales Area in m2 (March 31, 2021)

	Format			Mexico			Central America
	Bodegas and Discount Stores	2,937,205		483,519
	Walmarts	2,153,275		180,325
	Sam's Clubs	1,180,316
	Supermarkets	145,671		136,849
	Walmart Express	8,012
	Total			6,424,479			800,693

Other Events

Walmart de México y Centroamérica was recognized by Merca2.0 with the "Retail of the year" award, as one of the best brands in the category, because of the strategy and creativity that the company carried out in recent months to face the COVID pandemic.

For the fourth consecutive year, Walmart de México y Centroamérica was included in the "Bloomberg Gender Equity Index", being the only self-service retailer in Mexico included in the Index.

Walmart de México y Centroamérica was included in the Merca2.0 magazine ranking "eCommerce 2021", because the company understands the changing needs of its consumers in the "new normal" where the eCommerce has become necessary. Walmart.com.mx is in the third position and Sams.com.mx in the tenth position.

This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.

April 27, 2021

2

Conference Call

Walmart de México y Centroamérica will hold a webcast today at 3:30 PM (CT) regarding first quarter 2021 results. Access to the webcast is through:

• Investor Relations websitewww.walmex.mx
• Corporate YouTubehttps://www.youtube.com/user/WalmartMexicoyCam
• Corporate Websitewww.walmartmexico.com

The presentation and the transcript will be available both in English and in Spanish at our website.

Company Description

WALMEX is a Retail Sector company whose shares are traded in the Mexican Stock Exchange since

1977. As of March, 2021, it operated 3,513 units, broken down as follows:

2,654	Mexico			859	Central America
2,107	Bodegas Aurrerá:	567	Discount Stores
	550	Bodegas	100	Supermarkets
	412	Mi Bodegas	35	Walmarts
	1,145	Bodegas Express	157	Bodegas

1. Walmarts

1. Sam's Clubs

1. Superamas

1. Walmart Express

Ticker Symbols

	Mexican Stock Exchange:			Bloomberg:			Reuters:			ADR's sponsored program:
	Walmex		Walmex* MM		Walmex.Mx		WMMVY
				WMMVY US		WMMVY.Pk

Websites

Investor Relations: www.walmex.mx

Corporate:www.walmartmexico.com

From the different formats:

www.walmart.com.mx www.sams.com.mx www.superama.com.mx www.bodegaaurrera.com.mx

Contact us

	Investor Relations			Corporate Communication
	Pilar de la Garza Fernández del Valle		Luis Carlos Herrerías
(52-55)5283-0289		(52-55)1384-5876
	[e-mail]		[e-mail]

This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.

April 27, 2021

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Appendix 1:	Quarterly Income Statement (millon pesos)
								Quarter I
				2021			2020		%
				$		%Sales.		$	% Sales.		Growth.
	Net Sales			169,334			169,957		(0.4)
	Other Revenues			1,423			1,377		3.3
	Total Revenues
			170,757		100.0	171,334	100.0	(0.3)
	Cost of Sales			130,977		76.7	132,270	77.2	(1.0)
	Gross Profit
			39,780		23.3	39,064	22.8	1.8
	General Expenses			24,983		14.6	24,689	14.4	1.2
	Income before	other income
	(expenses) - Net			14,797		8.7	14,375	8.4	2.9
	Other Income (expenses) - Net		143		0.1	265	0.2	(46.0)
	Operating Income
			14,940		8.7	14,640	8.5	2.0
	Financial Income (Expenses) - Net		(1,677)		(1.0)	(1,610)	(0.9)	4.1
	Income before taxes on profits
		13,263		7.8	13,030	7.6	1.8
	Taxes on profits			3,193		1.9	3,033	1.8	5.3
	Net Income
			10,070		5.9	9,997	5.8	0.7
	EBITDA			19,475		11.4	19,050	11.1	2.2
	Earnings per share (in pesos):		0.577			0.573		0.7
	X=Times

This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.

April 27, 2021

4

WALMART DE MEXICO, S.A.B DE C.V. AND SUBSIDIARIES
Consolidated Statements of Comprehensive Income
(Amounts in thousands of Mexican pesos)
		Quarter ended
		March 31
		2021				2020
Net sales		169,334,315				169,957,112
Other revenues		1,422,485				1,376,705
Total revenues		170,756,800				171,333,817
Cost of sales		(130,977,083)				(132,269,386)
Gross profit		39,779,717				39,064,431
General expenses		(24,982,769)				(24,689,305)
Income before other income and expenses		14,796,948				14,375,126
Other income		229,568				326,625
Other expenses		(86,453)				(61,492)
Operating Income		14,940,063				14,640,259
Financial income		424,443				755,879
Financial expenses		(2,100,979)				(2,365,835)
Income before income taxes		13,263,527				13,030,303
Income taxes		(3,193,279)				(3,032,753)
Consolidated net income	$	10,070,248		$		9,997,550
Other comprehensive income items:
Items that may be reclassified subsequently to profits or
loss:
Cumulative translation adjustment		2,827,112				17,270,341
Other comprehensive (loss) income items		2,827,112				17,270,341
Comprehensive income	$	12,897,360		$		27,267,891
Basic earnings per share (in pesos)	$	0.577		$		0.573

This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.'s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements' expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company's actual performance.

April 27, 2021

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