BUSINESS TO WORLD COMPANHIA GLOBAL DO VAREJO

Transcrição

1 BUSINESS TO WORLD COMPANHIA GLOBAL DO VAREJO 4Q08 Results Conference Call Friday: March 13, 2008 Time: 12:00 p.m (Brazil) 11:00 a.m (US EDT) Phone: +1 (888) (USA) +1 (786) (other countries) Code: B2W 1

2 Forward-looking statements This presentation contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of B2W. These are merely projections and, as such, are based exclusively on the expectations of B2W s management concerning the future of the business and its continued access to capital to fund the Company s business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitors pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in B2W s filed disclosure documents and are, therefore, subject to change without prior notice. The financial statements were prepared and are presented in accordance with the norms issued by the Securities Exchange Commission (known locally as CVM), as well as the Novo Mercado listing rules. Except when otherwise specified, the analyses refer to pro-forma results of the Parent Company (Americanas.com, Submarino and Shoptime), not considering adjustments promoted by Law /07. 2

3 Highlights of 2008 and 4Q08 Net Income: Growth of 41% in 2008 and 26% in 4Q08 EBITDA: Growth of 35% in 2008 and 12% in 4Q08 EBITDA Margin: 14.9% of Net Revenue in 2008 and 15.4% in 4Q08 Gross Revenue: Growth of 30% in 2008 and 14% in 4Q08 Gross Profit: Growth of 30% in 2008 and 11% in 4Q08 Cash Conversion Cycle: Reduction of 16 days in 4Q08 Ingresso.com: Growth of 67% of tickets sold in 4Q08 3

4 Net Income (R$) Net Income: +41% in 2008 and +26% in 4Q08 41% 88 26% Q08 4Q

5 EBITDA (R$ and % of Net Revenue) EBITDA: +35% in 2008 and 12% in 4Q08 EBITDA Margin: 14.9% in 2008 and 15.4% in 4Q % 15.4% 14.2% 14.9% EBITDA Margin Behavior (% NR) 15.5% 15.4% % 14.5% 15.4% % % 11.3% 13.4% 12.0% ' 12.6% 13.2% 4Q08 4Q Q 2Q 3Q 4Q

6 Gross Revenue Gross Revenue: +30% in 2008 and +14% in 4Q08 30% 4,411 1,093 1,029 1,030 1,108 1,244 3,394 14% 14% 1,093 1,244-4Q08 4Q Q07 1Q08 2Q08 3Q08 4Q08 6

7 Working Capital Cash Conversion Cycle: Reduction of 16 days - 42 days days days days Q 2Q 3Q 4Q

8 Working Capital Processing Period: Decrease of 2 days Payment Period: Decrease of 12 days Collection Period: Improvement of 25 days Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 Credit Card Collection Period Payment Period (A/P) Processing Period (Inv) 8

9 Results Reconciliation Law /07 RECONCILIAÇÃO DO LUCRO LÍQUIDO 2008 R$MM Controladora Lucro Líquido antes dos efeitos da Lei /07 e MP 449/ Ajuste a valor presente de ativos e passivos (26.2) Ajuste da aplicação do hedge accounting 23.8 Baixa de ativos diferidos não reclassificáveis (11.7) Pagamento baseado em ações (1.7) Efeitos fiscais sobre os ajustes contábeis 5.4 Efeito líquido decorrente da aplicação da Lei /07 e MP 449/08 (10.4) (=) Lucro Líquido após os efeitos da Lei /07 e MP 449/ RECONCILIAÇÃO DE PATRIMÔNIO LÍQUIDO R$ MM 2008 Controladora Saldos Anteriores aplicação da Lei /07 e MP 449/ Reserva de Capital - Pagamento baseado em Ações 1.8 Ajustes de Exercício Anterior: Pagamento baseado em ações (1.8) Ajuste a Valor Presente de Ativos e Passivos (58.5) Baixa de ativos diferidos não reclassificáveis (9.3) Efeitos fiscais sobre os ajustes contábeis 23.7 Efeito líquido decorrente da aplicação da Lei /07 e MP 449/08 (44.1) Saldos após a aplicação da Lei /07 e MP 449/

10 Subsidiaries Tickets Sold: Growth of 67% in 4Q08 EBITDA grows 62% in 4Q08, reaching R$1.5 million and with margin of 43.5% Ingresso.com consolidated it s positioning as a big International concerts seller, offering tickets to concerts of great artists and bands, like Elton John, R.E.M., Queen, Iron Maiden and Radiohead, among others. Submarino card shares surpasses the milestone of 21% of participation on Submarino website sales Gross Revenue: growth of 78% in 4T08 and 145% in 2008 Growth of R$800 thousand in EBITDA. Gross bookings grew 83% reaching R$70.8 million in 4Q08 EBITDA reaches R$6.1 millions in 2008 EBITDA margin reaches 22.4% in

11 Priorities for Next Quarters Sales growth and free cash flow generation; Continuous process for implementation of synergies; Maximization on our other business; Expansion of Blockbuster operation for online DVD rental; Technological update and innovation for our business; Optimization of operation and logistics; Continuous staff training; Increase on frequency of purchase and active customer base. 11