Acquisition of Grupo BIG
An improving financial trajectory
GRUPO BIG HAS INITIATED A PROCESS OF TRANSFORMATION SINCE ITS ACQUISITION BY ADVENT IN 2018
✓ Hiring of a very experienced management team
✓ Immediate closure or sale of non-profitable stores
✓ Sustained pace of conversions of some hypermarkets to Club and Cash & Carry formats, increasing sales density
✓ Renovation & modernization of stores (starting with Hypermarket and Cash & Carry formats)
✓ Improvement of commercial model and centralization of purchases
✓ Improved offering of perishable products
✓ Increased cost savings at store and HQ levels (improvement of operational efficiency)
Same Store Sales Growth
Renovated Hypermarkets
100
Pre-Renovation
117
Post-Renovation
Same Store Sales Growth
Conversions to Cash & Carry
100
Pre-Conversion
Note: Pre-Conversion from Sep/18 - May/19, Post-Conversion from Sep/19 - May/20
315
Adj. EBITDA¹ (R$m) and
EBITDA margin (%)
1.8%
4.3%
378
928
Post-Conversion
FY 2019
FY 2020
10
1. Post-IFRS 16View entire presentation