Investor Presentaiton
CONSOLIDATED
Total income amounted to 425.2 billion pesos, some 13.1 billion more than the
previous year. This represented an increase of 3.2% over total income obtained
in 2012.
GROSS MARGIN
Mexico's gross margin was 22.0%, some 10 basis points lower than that posted in
2012.
The gross margin for Central America was 22.4%, that is, 170 basis points higher
than the previous year, primarily due to the benefits of the integration with Mexico
regarding systems, processes, and formats.
Consolidated gross margin was 22.0%, some 10 basis points higher than that posted
in 2012.
GENERAL EXPENSES
On a comparable basis, excluding the store lease expense, consolidated expenses
increased 5.2%. In Mexico expenses grew 5.3% and 4.8% in Central America.
CONSOLIDATED OPERATING MARGIN AND EBITDA
Operating income totaled 31.5 billion pesos, which represents a growth of 2.0%
over 2012, excluding the store lease expense effect. Moreover, EBITDA posted 40.2
billion pesos, an increase of 2.2%.
NET INCOME AND EARNINGS PER SHARE
Excluding the store lease expense effect, net income dropped 0.8% during the
year. In 2013 we repurchased 96 million shares, 69 million more than the
previous year. Earnings per share were 1.284 pesos.
INCOME STATEMENT
% of revenues
Total revenues
(billions of pesos)
Mexico
Central America
% Increase
% Increase
% Increase
ex one-time store
lease expense
ex one-time
2013
2012
%
store lease
expense
2013 2012
In
pesos.
Constant
currency
basis
Constant
In
pesos
currency
basis
367.7
355.8
3.4
3.4
57.4
56.3
2.1
5.7
2.1
5.7
Gross margin
22.0
22.1
2.8
2.8
22.4
20.7
10.1
14.0
10.1 14.0
General
expenses
14.0
13.6
6.1
5.3
18.6
18.0
5.8
9.6
4.8
8.5
Operating
income
8.0
8.5
-3.0
-1.6
3.7
2.6
45.0
50.1
52.1
57.5
EBITDA
10.0
10.4
-0.8
0.3
6.0
4.9
24.3
28.7
28.0
32.6
Consolidated
% Increase
ex one-time
2013 2012
%
store lease
expense
Total revenues (billions of pesos)
425.2 412.1
3.2
3.2
Gross margin
22.0
21.9
3.8
3.8
General expenses
14.6
14.2
6.1
5.2
Operating income
7.4
7.6
0.3
2.0
EBITDA
9.5
9.7
0.9
2.2
Financial information under International Financial Reporting Standards
% of revenues
2013 Financial and
Social Responsibility Report
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