"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 forward‐looking 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
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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.
Almacenes Exito SA is a Colombia-based entity group, known as Exito, in the business of merchandise, wholesale and retail. The Groupâs main activities include distribution and sales any kind of national and foreign products, in retail outlets and online shopping, throughout multiple brands across Uruguay and Argentina such as: Exito, Carulla, Super Inter, Surtimax, Surtimayorista, Viva, Grupo Disco and Grupo Devoto. Additionally, Exito manages commercial premises for lease, within its commercial establishmentsâ purposes. Its complimentary services include: retail of fuel used in all classes of industrial sectors, establishing, financing or promoting group businesses and short-term investments in liquid assets, factoring and acquisitions.