Walmart de México y Centroamérica Reports

Results for the Fourth Quarter 2020

FREE TRANSLATION, NOT TO THE LETTER

Mexico City, February 18, 2021

Financial Results

Today Wal-Mart de México, S.A.B. de C.V. (BMV: WALMEX) reported financial results for the fourth quarter of 2020. Total revenues increased 5.5%. EBITDA for the quarter amounted to $22.3 billion pesos, which represented 11.4% of total revenues, an increase of 8.5% over last year's levels.

Main figures are:

Results

2020

October - December

Million $MXN

Net Sales

Other Income Total Revenues Cost of Sales Gross Profit General Expenses

194,724 1,264 195,988

184,369 1,375

5.6 (8.1)

100.0

(150,642)

(76.9)

185,744 (143,627)

100.0 5.5

(77.3) 4.9

45,346

23.1

(27,553)

(14.1)

42,117 (25,989)

22.7 7.7

(14.0) 6.0

Income before Other Income Net Other Income (Expenses) - Net Operating Income

17,793 81 17,874

9.1 0.0 9.1

16,128 72

8.7 10.3

0.0 13.4

16,200

8.7 10.3

Financial Income (Expenses) - Net Taxes

(1,191)

Net Income EBITDA

(4,080) 12,603 22,347

(0.6) (2.1)

(1,391)

(0.7) (14.3)

(3,577)

(1.9) 14.1

6.4 11.4

11,232

6.0 12.2

20,591

11.1 8.5

EPS (in pesos)

0.722

0.643 12.2

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.

February 18, 2021

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Results

January - December

Net Sales Other Income

Total Revenues Cost of Sales

Gross Profit

General Expenses

Income before Other Income Net

Other Income (Expenses) - Net

Operating Income

Financial Income (Expenses) - Net Taxes

Net Income EBITDA

EPS (in pesos)

EPS= Earnings per share

Openings Q4 2020

Mexico: 35 units

  • 28 Bodegas Aurrerá

    • o 1 Bodega Aurrerá

    • o 7 Mi Bodegas

    • o 20 Bodegas Aurrerá Express

  • 5 Walmarts

  • 2 Walmarts Express and 4 conversions

Central America: 2 units 2 Bodegas

2020

Million $MXN

696,711 5,023 701,734

641,825 8.6

5,021 0.0

(539,694)

100.0

646,846 (498,795)

(76.9)

100.0 8.5

(77.1) 8.2

(105,042)

162,040

23.1

148,051 (94,427)

(15.0)

22.9 9.4

(14.6) 11.2

(16,029)

(7,983)

56,998 449 57,447

(1.1) (2.3)

8.1 0.1 8.2

53,624 379 54,003 (4,801) (11,304)

8.3 6.3

0.1 18.7

8.3 6.4

(0.7) 66.3

(1.7) 41.8

33,435 75,387 1.915

4.8 10.7

37,898 71,005

5.9 (11.8)

11.0 6.2

2.170 (11.8)

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.

February 18, 2021

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Installed Capacity

Sales Area in m2 (December 31, 2020)

Format

Mexico

Central America

Bodegas and Discount Stores

2,924,778

482,312

Walmarts

2,153,275

180,325

Sam's Clubs

1,171,760

Supermarkets

145,671

136,849

Walmart Express

8,012

Total

6,403,496

799,486

Other Events

Walmart Mexico and Central America ranked 32nd in the ranking of "The 50 Most Sustainable Companies in Mexico", as one of the companies with strong sustainability programs considered in the decision making process.

Walmart Mexico and Central America was included in the ranking of "The 1000 Most Important Companies in Mexico". Obtaining the following positions: Walmart Mexico and Central America 6th place, Walmart 28th place, Bodega Aurrera 19th place, Sam's Club 45th place and Superama 175th place.

Walmart Mexico and Central America obtained the 2nd position within the ranking "The 100 companies with the Best Responsibility and Corporate Governance in Mexico" by the Business Monitor of Corporate Responsibility (MERCO) and the 1st position in the self-service sector.

Claudia De la Vega, Director of Corporate Affairs for Walmart Mexico and Central America was included in the "Líderes de la Sustentabilidad" Report. Being a key contributor in implementing programs and processes at the Company to move towards a green and sustainable economy.

Walmart Mexico Foundation obtained the 4th position in the report "Philanthropic Companies and Foundations", thanks to the actions and advances it has had in the work of rebuilding the social fabric, focused on children, men and women in vulnerable situations.

Conference Call

Walmart de México y Centroamérica will hold a webcast today at 8:30 AM (CT) regarding fourth quarter 2020 results. Access to the webcast is through:

  • Investor relations websitewww.walmex.mx

  • Link

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

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.

February 18, 2021

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Company Description

WALMEX is a Retail Sector company whose shares are traded in the Mexican Stock Exchange since 1977. As of December, 2020, it operated 3,489 units, broken down as follows:

2,634 Mexico

855 Central America

2,088

Bodegas Aurrerá:

  • 563 Discount Stores

    549 Bodegas

  • 100 Supermarkets

    406 Mi Bodegas

  • 35 Walmarts

    287

    1,133 Bodegas Express Walmarts

  • 157 Bodegas

  • 164 Sam's Clubs

  • 89 Superamas

  • 6 Walmart Express

Ticker Symbols

Mexican Stock Exchange:

Bloomberg:

Reuters:

ADR's sponsored program:

Walmex

Walmex* MM WMMVY US

Walmex.Mx WMMVY.Pk

WMMVY

Websites

Investor Relations:www.walmex.mx Corporate:www.walmartmexico.com

From the different formats:

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

Contact us

Investor Relations

Corporate Communication

Pilar de la Garza Fernández del Valle

(52-55) 5283-0289pilar.de@walmart.com

Luis Carlos Herrerías

(52-55) 1384-5876luis.herrerias@walmart.com

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.

February 18, 2021

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Wal-Mart de Mexico SAB de CV published this content on 18 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2021 14:18:06 UTC.