Investor Presentaiton
We continue to base our commercial strategy on Every Day Low Prices and a
growing multi-format operation. These two factors enable us to consistently serve
the changing needs of our customers while they save money and live better.
After completing the unification of processes and systems, and the standardization
of the formats, this year we were able to witness the benefits of regional integration.
These benefits are reflected in the return to growth and profitability in Central
America, producing a positive outlook for the future of the Company. Although
our processes and operations are increasingly more productive, especially this
year where we made considerable achievements, we still see great potential for
improvement with greater efficiencies produced.
To exceed the expectations of our customers, we conducted strategic changes and
investments that will ensure compliance with our long-term vision: we maintained
price leadership, we simplified the business with the purpose of achieving greater
efficiency, and we made investments to guarantee the business today and in the
future.
Our consolidated revenues amounted to 425.2 billion pesos, a record figure despite
the economic challenges faced. As a strategy to simplify the business, we decided
to sell our restaurant division and focus on the retail business. In keeping with the
strategy of investing in the future of the business, in June we successfully launched
walmart.com.mx, which according to Comscore, is the eCommerce site with the
greatest audience in all Mexico, within the retail category.
Thanks to the soundness of our financial structure, represented in a robust balance
sheet and the capacity we have to generate cash, we can repay our shareholders
for the confidence they have in us through the payment of dividends and the
repurchase of own shares. In 2013, the record figure of 19.4 billion pesos was
earmarked for dividends and the repurchase of Company shares. The Board of
Directors advised the Shareholders' Assembly to approve a payment of an ordinary
dividend and an extraordinary one consisting of 0.92 pesos per share, representing
16.1 billion pesos; we also invested 3.3 billion pesos for the repurchase of 96
million shares. In addition, in 2013 we invested 14.0 billion pesos to modernize
and expand our installed capacity, thereby confirming our confidence in the
growth opportunities afforded us in the six countries where we operate.
Our Company recognizes the talent and leadership of our management team and
our associates; the commitment to our 226,289 associates remains unwavering:
providing them with a challenging work environment day after day, equal
opportunities, gender equality, and the chance to grow as professionals. In this
manner we can retain and develop talent within the Company and have a solid,
high-performing organization that supports our operations in the long term.
We are fully aware that being a good corporate citizen reaffirms our commitment
to the communities and the environment in the six countries where we operate.
The Walmart de México Foundation celebrated its X anniversary as the Company
conduit through which we support development programs favoring nutrition,
productivity as a way of combating hunger, the participation of associates and
customers in community activities, and assistance to victims of natural disasters.
We have a clearly-defined sustainability strategy focused on reducing the use of
water, energy, and reducing the production of wastes; with this strategy we want
to ensure that our operations favor environmental conservation.
In recognition of our performance in the field of corporate social responsibility
and our leadership in economic, social and environmental issues, for the second
consecutive year Walmart de México y Centroamérica has been included in the
Dow Jones Sustainability Index for Emerging Markets; also, it is our third consecutive
year in which we have been listed in the Mexican Stock Exchange Sustainable Index.
I wish to underscore our ongoing commitment to performing all activities with
the highest of ethical and legal standards and to generating value and certainty
for all our different stakeholders.
Dear shareholders, once again I thank you for the trust you have placed in the
Board of Directors; my thanks as well to the perseverance and commitment of the
Directors, the top management team, our suppliers and our associates. I am
confident that together we will continue strengthening our Company and
reinforcing our commitment to our customers so they can live better.
2013 Financial and
Social Responsibility Report
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Eduardo Solórzano
Chairman of the Board of Directors
Wal-Mart de México S.A.B. de C.V.
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