Issuu on Google+

EARNINGS RELEASE SECOND QUARTER 2013

August 2013


CONTENTS  Highlights  Consolidated Income Statements  Chile Operation  Colombia Operation  Q&A

www.nueva-polar.cl www.nuevapolar.cl

2


Second Quarter 2013: HIGHLIGHTS 2Q 2013

     

Same Store Sales in Chile grew by 16% Continued improvements in Retail Margin Increase in Financial Margin Positive Quarterly EBITDA Recovering customer confidence Purchase of 26% of Junior Debt

Recent Events

   

An innovative way to sign off and pay Re opening of Ahumada Store after remodeling Store remodeling Centro Mayor in Bogota Labor relations www.nuevapolar.cl

3


Consolidated Income Statements: 2Q 2013 CLP M$ Revenues Cost of sales Margin

2Q 2013 104,486 (69,307) 35,179

% Income

SGA (w/o depreciation) Operating Income EBITDA Depreciation Non Operating Profit Profit (loss) before taxes Benefits (expenses) income tax Profit (Loss)

(31,252) 1,877 4,106 (2,050) (2,978) (1,101) 2,997 1,897

-30% 2% 4%

-66% 34%

-1%

www.nuevapolar.cl

2Q 2012 91,615 (71,230) 20,385

% Income

(27,558) (9,037) (5,497) (1,864) (379) (9,416) (782) (10,198)

-30% -10% -6%

-78% 22%

-10%

4


Consolidated Income Statements: 1H 2013 CLP M$ Revenues Cost of sales Margin SGA (w/o depreciation) Operating Income EBITDA Depreciation Non Operating Profit Profit (loss) before taxes Benefits (expenses) income tax Profit (Loss)

1H 2013 195,042 (135,950) 59,092

% Income

(61,129) (5,984) (1,723) (3,947) (5,511) (11,494) 5,263 (6,231)

-31% -3% -1%

-70% 30%

-6%

www.nuevapolar.cl

1H 2013 172,680 (159,451) 13,230

% Income

(54,533) (45,004) (37,951) (3,701) (105) (45,108) 43 (45,065)

-32% -26% -22%

-92% 8%

-26%

5


Chile: Retail Business 2Q 2013 2Q 2013

2Q 2012

∆%

1H 2013

1H 2012

∆%

80,583

70,888

14%

147,910

130,246

14%

Retail revenues (CLP M$) Chile

Same Store Sales (CLP Billion$)

Retail Gross Margin

www.nuevapolar.cl

6


Chile: Credit Business 2Q 2013 2Q 2013

2Q 2012

∆%

1H 2013

1H 2012

∆%

17,093

14,210

20%

32,757

29,538

11%

Financial Revenues (CLP M$) Chile

Portfolio by Aging Segments

% Provision for Loan Losses

www.nuevapolar.cl

7


Chile: EBITDA 2Q 2013 EBITDA Chile in CLP M$ Revenues Gross Margin % Revenues

SG&A w/o depreciation % Revenues

EBITDA % Revenues

Retail 2Q 2013 2Q 2012 80,583 70,888 22,732 17,161

Financial 2Q 2013 2Q 2012 17,093 14,210 11,521 3,999

Consolidated 2Q 2013 2Q 2012 97,676 85,098 34,253 21,160

28%

24%

67%

28%

35%

25%

(20,860)

(20,130)

(6,330)

(4,983)

(27,190)

(25,113)

-26%

-28%

-37%

-35%

-28%

-30%

1,872

(2,940)

5,279

692

7,151

(2,248)

2%

-4%

31%

5%

7%

-3%

www.nuevapolar.cl

8


Chile: EBITDA 1H 2013 EBITDA Chile in CLP M$ Revenues Gross Margin % Revenues

SG&A w/o depreciation % Revenues

EBITDA % Revenues

Retail 1H 2013 1H 2012 147,910 130,246 38,159 29,072

Financial 1H 2013 1H 2012 32,757 29,538 19,061 (14,766)

Consolidated 1H 2013 1H 2012 180,667 159,783 57,219 14,306

26%

22%

58%

-50%

32%

9%

(40,024)

(38,995)

(13,007)

(10,762)

(53,031)

(49,756)

-27%

-30%

-40%

-36%

-29%

-31%

(1,865)

(9,858)

6,230

(22,176)

4,364

(32,033)

-1%

-8%

19%

-75%

2%

-20%

www.nuevapolar.cl

9


Chile LTM EBITDA Margin Evolution

www.nuevapolar.cl

10


Colombia Operation EBITDA Colombia CLP Billion $ Retail Revenues Financial Revenues Retail EBITDA Financial EBITDA EBITDA

Same Store Sales (CLP M$) 2Q 2013 5.7 1.09

2Q 2012 5.6 0.96

(2.4) (0.6) (3.0)

(1.6) (1.6) (3.3)

∆% 2% 14%

Gross Loans (CLP Billion$) %Provision for Loan Losses

www.nuevapolar.cl

11


Q&A

www.nuevapolar.cl

12


www.nuevapolar.cl


Earnings release 2q 2013 06 09 2013 animada