EX-99.1 2 ea182413ex99-1_almacenes.htm PRESS RELEASE (ENGLISH TRANSLATION)

Exhibit 99.1

 

Envigado, July 26, 2023

 

PUBLISHED INFORMATION BY COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

 

Almacenes Éxito S.A. informs to its shareholders and the market in general that today Companhia Brasileira de Distribuição disclosed their consolidated financial results for the second quarter of 2023.

 

The information published by Companhia Brasileira de Distribuição is under Brazilian accounting standards and includes Statement of Financial Situation, Statement of Profit and or Loss and Statement of Cash Flow from Almacenes Éxito S.A. and its subsidiaries in Colombia, Uruguay and Argentina.

 

The information published concerning Almacenes Exito S.A, under the Colombian accounting standards is as follow:

 

1. Statement of Financial Situation at June 30, 2023 and at December 31, 2022, expressed in millions Colombian pesos:

 

    June 30,
2023
    December 31,
2022
 
Current assets            
Cash and cash equivalents     1,393,950       1,733,673  
Trade receivables and other receivables     642,228       779,355  
Prepayments     22,153       39,774  
Receivables from related parties     58,212       47,122  
Inventories, net     2,765,708       2,770,443  
Financial assets     6,087       45,812  
Tax assets     610,556       509,884  
Assets held for sale     20,436       21,800  
Total current assets     5,519,330       5,947,863  
Non-current assets                
Trade receivables and other receivables     45,854       50,521  
Prepayments     5,539       6,365  
Receivables from related parties     -       35,000  
Financial assets     28,003       32,572  
Deferred tax assets     176,779       142,589  
Property, plant and equipment, net     4,332,950       4,474,280  
Investment property, net     1,810,138       1,841,228  
Rights of use asset, net     1,411,428       1,443,469  
Intangible, net     408,101       424,680  
Goodwill     3,355,987       3,484,303  
Investments accounted for using the equity method     285,016       300,021  
Other assets     398       398  
Total non-current assets     11,860,193       12,235,426  
Total assets     17,379,523       18,183,289  
Current liabilities                
Loans, borrowings, and other financial liability     2,065,206       915,604  
Employee benefits     5,190       4,555  
Provisions     30,292       27,123  
Payables to related parties     71,642       79,189  
Trade payables and other payable     4,469,187       5,651,303  
Lease liabilities     274,606       263,175  
Tax liabilities     75,150       109,726  
Derivative instruments and collections on behalf of third parties     102,542       136,223  
Other liabilities     191,265       228,496  
Total current liabilities     7,285,080       7,415,394  
Non-current liabilities                
Loans, borrowings, and other financial liability     348,756       539,980  
Employee benefits     30,822       32,090  
Provisions     11,872       15,254  
Trade payables and other payable     40,823       70,472  
Lease liabilities     1,343,846       1,392,780  
Deferred tax liabilities     274,115       277,713  
Tax liabilities     6,591       2,749  
Other liabilities     2,382       2,411  
Total non-current liabilities     2,059,207       2,333,449  
Total liabilities     9,344,287       9,748,843  
Shareholders' equity                
Share capital     4,482       4,482  
Reserves     1,421,158       1,541,586  
Other equity components     5,282,497       5,592,920  
Equity attributable to non-controlling interest     1,327,099       1,295,458  
Total shareholders' equity     8,035,236       8,434,446  
Total liabilities and shareholders' equity     17,379,523       18,183,289  

 

 

 

2. Statement of Profit or Loss for the period of six months ended June 30, 2023 and June 30, 2022, expressed in millions Colombian pesos:

 

    January 1
to
June 30,
2023
    January 1
to
June 30,
2022
 
Revenue from contracts with customers     10,575,274       9,319,182  
Gross profit     2,772,347       2,361,370  
Profit before income tax from continuing operations     164,479       286,044  
Income tax expense     (37,868 )     (99,774 )
Profit for the period     126,611       186,270  
                 
Net profit attributable to:                
   Equity holders of the Parent     38,934       126,803  
   Non-controlling interests     87,677       59,467  
Profit for the period     126,611       186,270  

 

3. Statement of Cash Flow for the period of six months ended June 30, 2023 and June 30, 2022, expressed in millions Colombian pesos:

 

    January 1
to
June 30,
2023
    January 1
to
June 30,
2022
 
Net cash flows used in operating activities     (414,454 )     (766,309 )
Net cash flows used in investing activities     (269,014 )     (147,165 )
Net cash flows provided by (used in) financing activities     397,152       (416,969 )
Effects of the variation in exchange rates     (53,407 )     32,753  
Variation of cash and cash equivalents during the period     (339,723 )     (1,297,690 )

 

The consolidated financial results from Almacenes Éxito S.A. for the second quarter will be published July 31, 2023, after market close, which will include growth in sales of 8.2% (2Q) and of 13.8% (1H) and growth in recurring EBITDA of 6.6% (2Q) and of 7.8% (1H).