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Grandes marcas, preços baixos, todos os dias. 1 RESULTS 2006.

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Apresentação em tema: "Grandes marcas, preços baixos, todos os dias. 1 RESULTS 2006."— Transcrição da apresentação:

1 Grandes marcas, preços baixos, todos os dias. 1 RESULTS 2006

2 Grandes marcas, preços baixos, todos os dias Overview 193 stores at the end of traditional – sales area above 1,000 m2 19 express – sales area between 400 and 600 m 2 Total area of thousand m 2 Present in most Brazilian states, with strong presence in the major Brazilian urban centers. Largest portal in sales volume and shopping destination in Latin America Best e-commerce website by the fifth consecutive year, according to Ibest Award popular jury Shoptime acquisition, adding a new clients base and two new sales chanels - TV and catalog Financing company created through a joint-venture with Banco Itaú, aimed at financing purchases, offering personal credit and credit cards to Lojas Americanas customers. Completed the refurbishment of all Facilitas points of sale in 2H05, two years ahead of schedule, Total of 210 points of sale, including 17 own stores

3 Grandes marcas, preços baixos, todos os dias. 3 Operating Highlights Profitability Consolidated EBITDA (R$330.9 million) grew 20.5% over 2004 Stable EBITDA margin (12.0%) vs (12.1%) Net Income (R$176.1 million) % higher vs Greater Operating Efficiency Operating expenses margin, as a % of NR, fell 0.5 percentage points compared to 2004 Gross revenues per associate went up 11.3% over 2004 Expansion / Investments 37 store openings in 2005 – 25 Traditional and 12 Express Scheduled openings: +19 stores and 30 stores under evaluation and negotiation Shoptime and Americanas Taií

4 Grandes marcas, preços baixos, todos os dias Gross Revenue Same stores sales growth:+ 0.4% (4Q05 = 8.8%) New stores opened:+ 37 stores (4Q05 – 21 stores) Americanas.com/Shoptime Growth:+ 99.3% (4Q05 = 106.6%) Total Gross Revenue Growth:+ 23.4% Sales Area (thousand m 2 ) Stores Sales Area x Number of Stores Sales Area 2005 x 2004:+12.4% Stores 156 Stores 121 Stores 98 Stores 105 Stores CAGR: + 8.8%

5 Grandes marcas, preços baixos, todos os dias. 5 Operating Expenses (excluding depreciation and amortization) (% of NR) 18.9% 20.8% 22.4% 18.4% 19.0% percentage points reduction in 2005, even with the 37 store openings and Americanas.com/Shoptime sales growth p.p.

6 Grandes marcas, preços baixos, todos os dias. 6 EBITDA Evolution Nominal EBITDA Growth – 20.5% in 2005 Stable EBITDA margin – 12.0% in 2005 Adjusted EBITDA in 2005 :+25.5% / Adjusted EBITDA Margin:+ 0.3 p.p. EBITDA (R$ million) Adjusted EBITDA Excluding Facilita (R$ million) % 11.5% % CAGR:+ 38.4%

7 Grandes marcas, preços baixos, todos os dias. 7 Changes in Net Income We Always Want More Q044Q05 Quarterly Net Income (R$ Million) Annual Net Income (R$ Million) + 5.7% % Impacts: acquisition, expansion (depreceation) and non- operating results. Highest net income along the last years.

8 Grandes marcas, preços baixos, todos os dias. 8 Net Cash* and Capex Net Cash (R$ million) Net cash expansion, despite of aggressive organic growth: 37 new stores (R$77.4 million) Acquisition of Shoptime in August, 2005 (R$117.0 million) Capitalization of Financeira Americanas Itaú – FAI (R$40.0 million) R$ MM R$ MM R$ 170.8MM R$ 170.8MM , , Gross DebtCash * Considering Credit Cards Receivables 70.6%

9 Grandes marcas, preços baixos, todos os dias. 9 Share Performance % (LAME4) and 70.7% (LAME3) valorization vs. 27,7% of Ibovespas Higher liquidity – LAME4 average daily trading volume: R$6.6 million Inclusion in MSCI (2005) and in IBRX-50 (January, 2006)

10 Grandes marcas, preços baixos, todos os dias. 10 This presentation contains forward-looking statements. Such statements are not statements of historical fact, and reflect the beliefs and expectations of the Lojas Americanas management. The words "anticipates", wishes, expects, "estimates", intends", "forecasts", "plans", "predicts", "projects", "targets" and similar words are intended to identify these statements, which necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to, the impact of competitive products and pricing, market acceptance of products, regulatory environment, currency fluctuations, supply difficulties, changes in product sales mix, and other risks. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments.


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