Investor Presentaiton

Central America: 2013 Results* 2013 2012 (Mx million) % $ % % Increase In peso terms On a constant currency basis % Increase ex one-time store lease expense In peso terms On a constant currency basis Total revenues 57,430 100.0 56,262 100.0 2.1 5.7 5.7 2.1 2.1 5.7 Gross margin 12,839 22.4 11,665 20.7 10.1 14.0 10.1 14.0 General expenses 10,708 18.6 10,119 18.0 5.8 9.6 4.8 8.5 Operating income 2,116 3.7 1,460 2.6 45.0 50.1 52.1 57.5 EBITDA 3,444 6.0 2,772 4.9 24.3 28.7 28.0 32.6 32 * Walmex fiscal year: January-December 2013 Walmart México y Centroamérica

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