Growth of 11.2% in the Net Revenue. Parent R$ 2.2 bi % Consolidated R$ 4.0 bi % Growth of 1.1 p.p. in the Gross Margin

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2 Results 3Q15 GMV Net Revenue SSS Growth GMV reached R$ 4.9 billion Growth of 11.2% in the Net Revenue Net Revenue in the same stores sales concept grew 9% in the quarter Parent R$ 2.2 bi % Consolidated R$ 4.0 bi % Gross Margin EBITDA EBITDA Margin Growth of 1.1 p.p. in the Gross Margin Growth of 18.5% in the EBITDA Growth of 1.1 p.p. in the EBITDA Margin Parent 33.8% of NR Consolidated 28.8% of NR Parent R$ MM +18.5% Consolidated R$ MM +10.3% Parent 18.6% of NR Consolidated 13.0% of NR 2

3 Evolutin in the 3Q15 EBITDA Margin and Gross Margin GROSS MARGIN EBITDA MARGIN Better mix combination (Cross-Selling) EXPANSION OF 1.1 p.p. IN THE GROSS MARGIN Supply (Allocation) EXPANSION OF 1.1 p.p. IN THE EBITDA MARGIN Improviments in logistics (Supply Chain) 3

4 Investiments EBITDA Cash Generation, Investments and Working Capital Parent Consolidated Strong Operating Cash Flow Generation (EBITDA) Net Working Capital Average Debt Term Net Debt / EBITDA Zero Day 34 Months (~3 anos) Same Level as 3Q14 +Stores +Tecnology +Logistics Parent 4

5 Lojas Americanas Resilience WE ALWAYS WANT MORE EXTERNAL FACTS OUR ACHIEVEMENTS /11 attacks undermine the world economy and Brazil faced power rationing Economic Instability: Dollar reaches R$ 4.00, stock market falls 46% and SELIC is 25% per year 2007 Beginning of the real estate crisis in the USA Global Financial Crisis 2010 IGP-M 2010 reaches 11.3% per year (vs. 2001) 2007 (vs. 2006) (vs. 2007) 2013 EBITDA exceeds R$ 100 MM (9 digits) Organic expansion growth Cash generation growth of 59% Net revenue 2x bigger Aquisition of 127 stores Creation of B2W (Dec 2006) Consolidated gross revenue increases 54% Consolidated EBITDA grows of 58% Consolidated Gross Revenue increases 26% Consolidated EBITDA grows 52% Sempre Mais Brasil 80 years in 4! +400 new stores in 4 years +153 new cities (2x total in 2009) GDP of +0.1% new cities, presence in all Brasilian states +R$ 3.1 bi of revenue (D vs.2013), ~2x vs EBITDA reachs R$ 2.2 bi 2015 IPCA 12M reaches 9.93% SELIC reaches 14.25%, p.p. vs. October 2014 Expectation of adjustments in the economy 2015 Reached 1,000 Stores! More 28 new cities! 85 years in 5 Somos mais Brasil 5

6 Expansion Plan More than 1,000 stores SOMOS MAIS BRASIL The inauguration of the thousandth store 1,002 Stores 500 opened in the last 5 years 376 Cities 206 new cities in the last 5 years M 4 Distribution Centers 3 opened in 1999 and 1 in anos em 5 Somos Mais Brasil In the next 5 years ( ), we expect to open 800 new stores in Brasil. 6

7 +AQUI Extended Warrant and Anti Theft & Robbery Warrant One more BENEFIT offered by Lojas Americanas with the goal to extend the warrant of the product for 12 to 24 more months. New Credit Card: New Gift Card and Diaper Card: Warrant that protects your smartphone against qualified theft or robbery for 12 months. + Security + Pre-paid cards + Loans + Gift Cards 7

8 Private Label Leven e D elicce WELL BEING AND HEALTHY NUTRITION PERFECT PRODUCTS FOR THE MOST DELICIOUS MOMENTS! GREAT OPTION OF GIFT FOR THIS TIME OF THE YEAR! 8

9 B2W Digital 3Q15 Consolidated Results Gross Merchandise Volume (R$) Marketplace GMV (R$) Mobile (% of Traffic) 2,667 MM 269 MM 34.8% +25.8% % p.p. Market Share (%) Marketplace Participation (% GMV) Net New Customers 26.5% 10.1% TTM +2.4 p.p p.p MM 9

10 Lojas Americanas Next Events Investors Relation Team Tel.: + 55 (21) EBITDA Ajustado (LAJIDA) Lucro operacional antes de juros, impostos, depreciação e amortização, outras receitas/despesas operacionais, equivalência patrimonial, participação minoritária, participação estatutária e operações descontinuadas. Considerações referentes às perspectivas do negócio, estimativas de resultados operacionais e financeiros, e às perspectivas de crescimento da Lojas Americanas, eventualmente expressas neste relatório, se constituem apenas em projeções e, como tal, baseiam-se exclusivamente nas expectativas da administração da Lojas Americanas em relação ao futuro do negócio e seu contínuo acesso a capitais para financiar o plano de negócios da Companhia. Tais considerações dependem, substancialmente, de mudanças nas condições de mercado, regras governamentais, pressões da concorrência, do desempenho do setor e da economia brasileira, entre outros fatores e estão, portanto sujeitas a mudanças sem aviso prévio. 10