3Q22 Grupo Éxito Financial Results

November 4, 2022

"The Issuers Recognition -IR granted by the Colombian Stock Exchange is not a certification about the quality of the securities listed at the BVC nor the solvency of the issuer".

Note on forward looking statements

This document contains certain forward-looking statements based on data, assumptions and estimates, that the Company believes are reasonable; however, it is not historical data and should not be interpreted as guarantee of its future occurrence. Grupo Éxito operates in a competitive and rapidly changing environment, therefore, it is not able to predict all the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement.

The forward-looking statements contained in this document are made only as of the date hereof. Except as required by any applicable law, rules or regulations, Grupo Éxito expressly disclaims any obligation or undertaking to publicly release any updates of any forwardlooking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

2

Agenda

  • Financial and operating highlights
  • Performance by country
  • Consolidated financial results
  • Q&A session

3

Éxito DR´s

Change in structure and increased float & shareholder´s base

A

Pre

B

Post

Capital structure: pre &

post transaction

Casino

Float

CasinoFloat

listing

41%

59%

100%

GPA2

(CBD)

Empreendiment

91.52%

os E

Participacoes

Float

Ltda

Éxito

3.48%

5%

41% 59%

New

Float

(CBD)

~53% ~34% ~13%

  • A simplified governance structure
  • Non-expectedoperational dyssynergies from the

transaction

New float

post spin-off

52.7%

20%

7%

74%

Distribution of 83% Éxito shares currently held by GPA (96.52%) done with ADRs & BDRs (both level II) Potential increase in Éxito's float from 3.5% to ~53%

Potential increase in shareholder base, by adding GPA base (currently of ~ 50,000 holders)

Potential value unlocking benefiting Éxito's shareholders from liquidity increase and market visibility

Note: Capital structure as of september 30, 2022.

4

1

Éxito DR´s

listing

2

3

Illustrative timeline for the Transaction

Announcement of the preliminary analysis by the Board of Directors September 6

Transaction preparation (creditors' validation, approvals on the

Until December

Transaction, ADR and BDR listing, among others)

2022

Approval period by GPA governance bodies and regulators

First Quarter 2023

(ADRs and BDRs)

4

Transaction completion

First Semester 2023

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Almacenes Éxito SA published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 21:47:57 UTC.