Investor Presentaiton

000 11 ㅇㅇㅇ OUR STRENGTH HAS HISTORICALLY BEEN BASED LARGELY ON HAVING AN EFFICIENT OPERATION. THIS PREMISE DEMANDS HAVING LOW COSTS IN ORDER TO BE ABLE TO OFFER THE RIGHT PRICES, WHICH IS ACCOMPLISHED BY CONTINUOUSLY IMPROVING OUR PROCESSES, WHICH IN TURN ENSURES EFFICIENT EXECUTION AND OPERATION. THEREFORE, IN 2013 WE CREATED AN AREA THAT FORMALLY OVERSEES EFFICIENCY-RELATED PROJECT MANAGEMENT AND COORDINATES PRODUCTIVITY INITIATIVES FOR ALL FORMATS AND AREAS THROUGHOUT THE SIX COUNTRIES, AND ALL IN A CENTRALIZED MANNER. PROGRESS IN PRODUCTIVITY, STORES, CLUBS AND DISTRIBUTION CENTERS The productivity of our associates in stores and clubs in Mexico posted a comp unit improvement of 3.0%. This was accomplished the sale of items per hour worked. Our logistics operation, which is an essential pillar in supporting the profitable growth of the business, consists of a broad distribution network with distribution centers throughout Mexico and Central America. With this infrastructure we are able to ensure efficient handling and timely delivery of the merchandise our customers want to find on the shelves of all our formats. Our distribution centers located in six cities in Mexico operate at a volume of over 1.8 billion cases, and we were able to improve our productivity by 12.2%, as compared to 2012. We traveled over 200 million kilometers and made almost 700,000 trips to deliver merchandise to our units and to other distribution centers. Our distribution centers located in Central America were fully integrated to Walmart systems, thereby improving inventory and data management and achieving greater productivity. Likewise, we enhanced the efficiency of merchandise handling, moving more cases per man-hour. 2013 Financial and Social Responsibility Report Our distribution centers located in six cities in Mexico operate at a volume of over 1.8 billion cases, and we were able to improve our productivity by 12.2%, as compared to 2012. 26

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