Pet Retail Market and Valuation Outlook
A Great Industry
8
Resilience + Growth = Success
The industry witnessed a double-digit growth in the last five years, much higher than GDP and other retails segments...
The industry has been showing resilience over macro downturns...
Real Growth Comparison; [%]
...and we believe that will continue to grow as it has in the past...
Pet Retail Evolution; [BRL bn]
Retail Growth
Pet Retail Growth
GDP Growth
15%
10%
5%
0%
-5%
+592bps spread from GDP
50.5
45.5
41
37
33.1
27.8
23.5
20.8
18.6
16.9
-10%
12' 13' 14'
15' 16' 17' 18' 19' 20'
CAGR (16'-20) 13%
CAGR (21E-25E) = 12%
Why? 88% of the sector's revenue comes from pet food,
something essential in this industry...
16'
17'
18' 19' 20' 21E
22E
23E
24E 25E
Overview | Promissing Industry | Assertive Hub-and-Spoke Strategy | Expansion to Outpace | Healthy and Solid Ecosystem | ESG | Valuation & Risks
Source: Euromonitor; IBGE; Team 7View entire presentation