Financial PerformanceExpenses as % of Net Revenue (Consolidated) Selling: dilution explained by the increase in same stores sales and internet G&A: increase explained by São Paulo’s office and Lojas Maia integration -90bps -160bps 20.5% 21.4% 19.6% 19.8% +70bps +80bps 4.4% 5.1% 4.3% 5.1% 2Q10 2Q11 1H10 1H11 Selling G&A 7
Financial PerformanceFinancial Expenses (R$ million) Partially benefited by IPO resources + 58.2% 88.1 Includes Lojas Maia acquisition effects Includes increase in interest rates + 53.7% 55.6 42.4 27.6 2Q10 2Q11 1H10 1H11 8
Investor Relations email@example.com www.magazineluiza.com.br/riLegal DisclaimerAny statement made in this presentation referring to the Company’s business outlook, projections and financial and operating goalsrepresent beliefs, expectations about the future of the business, as well as assumptions of Magazine Luiza’s management and aresolely based on information currently available to the Company. Future considerations are not a guarantee of performance. Theseinvolve risks, uncertainties and assumptions since they refer to forward-looking events and, therefore depend on circumstances thatmay not occur. These forward-looking statements depend substantially on the approvals and other necessary procedures for theprojects, market conditions, and performance of the Brazilian economy, the sector and international markets and hence are subject tochange without prior notice. Thus, it is important to understand that such changes in conditions, as well as other operating factorsmay affect the Company’s future results and lead to outcomes that may be materially different from those expressed in such futureconsiderations. This presentation also includes accounting data and non-accounting data such as operating, pro forma financial dataand projections based on the Management’s expectations. Non-accounting data has not been reviewed by the Company’sindependent auditors. 12
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