Investor Presentaiton
MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS
REGARDING OPERATION RESULTS AND FINANCIAL STANDING OF THE COMPANY
The Company announced on September 10, 2013 that it reached a definitive
agreement with ALSEA, S.A.B. de C.V., under which ALSEA will acquire 100% of the
restaurant division of Walmex. The closing of this transaction is still subject to the
approval of regulatory authorities.
Last October 17, 2013, the Company announced that we would now report results
separating the restaurant division as discontinued operations, in conformity with
the International Financial Reporting Standard Number 5.
International Accounting Standards (IAS 17):
For the fourth quarter, there is a one-time non-cash expense impacting results,
which does not affect cash flow. Beginning in the year 2013, rent expenses under
operating leases with third parties are being recognized on a straight-line basis
over the term of the leases agreements, in conformity with International Accounting
Standards (IAS 17), in which the commencement date of the lease agreement is
generally considered the possession date of the leased property.
As a result, the Company recorded a one-time catch-up expense of 464 million
pesos (360 for Mexico and 104 for Central America) and 61 million pesos related
to the current year straight-line method in Mexico.
I. RESULTS
MEXICO
Total income amounted to 367.7 billion pesos, an increase of 3.4% over last
year, and 86.5% of total consolidated income.
We opened 214 units from different business formats, representing 7.2%
increase in the sales floor in Mexico.
Bodega Aurrerá
Walmart
% of
total
sales
sq. ft.
of sales
floor
38.4
26,112,367
Openings
168
Units
Cities
1,589
420
28.0
20,537,055
16
243
78
25.5
11,959,374
14
156
86
4.4
3.7
1,611,349
2
92
18
Medimart Pharmacy
4,663,686
28,686
10
109
42
4
10
1
201*
22
Sam's Club
Superama
Suburbia
Banco
*Branches
2013 Financial and
Social Responsibility Report
CENTRAL AMERICA
Our income totaled 57.4 billion pesos, an increase of 2.1%, which is 5.7% on a constant
currency basis. This income represents 13.5% of total consolidated income.
We opened 21 units in the five countries of Central America, increasing our
installed capacity by 6.1%.
% of
total
sales
Costa Rica
45.3
sq. ft.
of sales
floor
2,207,427
Openings
Units
Cities
9
214
14
Guatemala
26.9
2,111,393
4
209
34
Honduras
10.2
637,867
3
75
26
El Salvador
9.5
902,524
4
84
17
Nicaragua:
8.1
442,789
1
80
22
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