Acquisition of Grupo BIG slide image

Acquisition of Grupo BIG

...through a 30% stock component in the offer and an additional cash payment based on our share's appreciation The mix of cash and stock (70/30) intends to reach the following: 1 At signing 2 Advent / Walmart and Grupo Carrefour Brasil believe that: CRFB's share price has growth potential on a standalone basis • The transaction will unlock significant additional value Between signing and closing Natural sharing of risks & opportunities between sellers & buyer during this period Strong alignment of interests at a key moment in light of the expected signing-to-closing period The stock component will support business performance of Grupo BIG and incentivize management 3 After closing • Advent & Walmart accepted to become a significant shareholder of Grupo Carrefour Brasil (~5.6%), a sign of confidence in the growth potential of our Group Limited impact of the transaction on our balance sheet: Net debt / EBITDA to remain below 1.5x (pre- IFRS 16) Post-acquisition integration: Strong incentive for a quick capture of synergies 26
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