Time: 11:00 a.m. (US EDT) - 12:00 p.m. (Brazil) Webcast:

Transcription

1 2Q11 and 1H11 Results Conference Call and Webcast August 5, 2011 (Friday) Time: 11:00 a.m. (US EDT) - 12:00 p.m. (Brazil) Phone: +1 (786) Code: B2W Webcast: Replay: until August 11th, 2011 Access: +55 (11) Code:

2 General Considerations This presentation ti contains forward-looking statements t t relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of B2W. These are merely projections and, as such, are based exclusively on the expectations of B2W s management concerning the future of the business and its continued access to capital to fund the Company s business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitors pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in B2W s filed disclosure documents and are, therefore, subject to change without prior notice. The financial statements were prepared and are presented in accordance with the international financial reporting standards (IFRS), norms issued by the Securities Exchange Commission (known locally as CVM), as well as the Novo Mercado listing rules and include accounting changes introduced by Law 11,638/07, Provisional Measure 449/08, later converted into Law 11,941/09 and with the pronouncements, guidelines and interpretations t ti issued by Accounting Pronouncements Committee (in Portuguese, CPC), in force on December 31, 2009, which will be different from those that will be used for preparation of financial statements of December 31, Except when otherwise specified, the analyses refer to the Consolidated results of B2W (Americanas.com, Submarino, Shoptime, Blockbuster Online, Ingresso.com, Submarino Finance and B2W Viagens). BLOCKBUSTER trademarks are owned by Blockbuster inc, and B2W Companhia Global do Varejo. has the sublicense to use these trademarks in the activies of video rental on internet. 2

3 1H11 Highlights Net Revenue: R$ 2,011.3 million in the consolidated and R$ 1,867.4 million in the parent company in 1H11 Gross Profit: R$ million in the consolidated and R$ million in the parent company in 1H11 Equity Accounting: R$ 7.7 million in 1H11 Ratification of the Capital Increase: On June 14, 2011 in the ammount of R$ 1.0 billion B2W concluded the acquisition of the restaurant reservation site MesaExpress.com.br. Submarino Card: More than 650 thousand cards issued and 32% of participation i in sales during the 1H11 Caixa Expresso in Ingresso.com: The fastest way to buy on the internet, now also in Ingresso.com 3

4 Net Revenue (R$ million) Net Revenue: R$ 2,011.3 million in the consolidated and R$ 1,867.4 in the parent company in 1H11 1,867 2,011 1,763 1,867 1H10 Consolidated 1H11 1H10 1H11 Parent Company 4

5 Gross Profit (R$ million) Gross Profit: R$ million in consolidated and R$ million in the parent company in 1H11 +6% +1% H10 1H11 Consolidated 1H10 1H11 Parent Company 5

6 Consolidated Financial Results (R$ million) Breakdown of Net Financial Results - R$ MM 1H11 1H10 % Net Financial Result without PV Adjustments (160.3) (149.4) 7.3% (+) Reversion of PV Adjust. on Sales and Taxes % (+) Reversion of PV Adjust. on Suppliers (44.0) (31.0) 41.9% (=) Reversions of Present Value Adjustments (10.5) % Net Financial Result (170.8) (138.2) 23.6% PV = Present Value Adjustments 6

7 Capital Increase (Controllers) (Other Shareholders) R$ 644 MM R$ 356 MM Shareholders Subscripted Shares % of the Capital % in B2W before the % in B2W after the Increase Capital Increase Capital Increase Controllers 29,767, % 56.57% 58.87% Other Shareholders 16,486, % 43.43% 41.13% 7

8 Innovation and Technology Augmented Reality Drag and Buy Wedding List 8

9 Subsidiaries Exclusive ticket s sale torock in Rio 2011; Launch of the Caixa Expresso tool in the website. Continued structuring the business model of online travel in Argentina; Upgrading of the intelligence of the payment conditions. Submarino Card s participation on sales made on the Submarino website of 32%; More than 650 thousand cards issued. 9

10 Priorities for Next Quarters Growth in sales and generation of operating cash flow through continuous improvement of our operations; Obtaining of operational synergies and competitive advantages through the integration of our channels; Increase in the volume of business of our subsidiaries: Ingresso.com, B2W Viagens and Submarino Finance subsidiaries; Constant upgrading of technology and innovation for all of our business units; Striving for new levels of efficiency in operations and logistics; Training of our associates to deal with the challenges that emerge as the Company grows; Increase our base of active customers; Increase the frequency of purchases by our customers; Innovation; New internet businesses. 10

11 BUSINESS TO WORLD COMPANHIA GLOBAL DO VAREJO 2Q11 and 1H11 Results Conference Call and Webcast B2W Investor Relations Team Phone: +55 (21)