Grupo Casas Bahia S.A.

BHIA3

BRBHIAACNOR1

Department Stores

Market Closed - Sao Paulo Other stock markets 04:07:30 2024-04-26 pm EDT			5-day change	1st Jan Change
5.44 ^BRL	-12.96%		-12.54%	-52.20%

Mar. 25	Grupo Casas Bahia S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Grupo Casas Bahia S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Grupo Casas Bahia S A : Q4'23 Financial and Operating Results Presentation

March 27, 2024 at 12:47 am EDT

RESULTS

MAIN MESSAGES - Q4'23

Reduction of R$ 1.2 BN vs Q4'22 and R$ 0.6 BN vs Q3'23, focus on low-turnover inventory

Inventory days: 76 days in Q4'23

( vs 83 days in Q3'23 and 94 days in Q4'22)

HISTORICAL LOW OF INVENTORY DAYS

Final liquidity balance at R$ 3.6 billion in Q4'23

(vs R$2.8 billion in Q3'23)

Free cash flow

R$ 721 MM in Q4'23

R$ 648 MM in 2023

(after 3 years of consumption)

OMNICHANNEL

OMNICHANNEL 1P/3P

1P Brick-and-mortar: resilience, even with the closure of 55 stores with negative contribution margin 1P online: readjustment with discontinuity of unprofitable categories

3P online: complementarity, with revenue growth and profitability

1P GMV BRICK-AND-MORTAR

R$ BN

1P GMV ONLINE

R$ BN

3P GMV

R$ BN

3P REVENUE

R$ MM

23,8

24,0

2022

2023

2022

2023

2022

2023

2022

2023

Source Online Market Share: Confi. Neotrust - GMV online 1P and 3P | Offline Market Share: GFK

INNOVATON

A HUB OF SOLUTIONS

Google, Affiliates, Facebook Ads and TikTok

Sponsored Showcases and Display with audience Intelligence

(Banner website)

Email, Push and

Digital Signage within the

Ads Platform

COMING SOON

Content ActionConsumer Survey

LOGISTICS

Expansion of new sources of revenue and profitability improving delivery times

Fulfillment MultimarketplaceTransport

(to non-seller third parties)

# Clients

Revenue

# Clients

Revenue

Q4'22

Q4'23

Marketplace

Deliveries not managed by

Q4'22

Q4'23

Q4'22

Reduction in delivery time across all services

Marketplace

Deliveries managed by

Q4'23

Q4'22

Q4'23

Fulfillment

Grupo Casas Bahia

1P Grupo Casas Bahia

Online and Offline

Grupo Casas Bahia

Q4'22

Q4'23

Q4'22

Q4'23

Q4'22

Q4'23

Q4'22

Q4'23

FINANCIAL SOLUTIONS

6,0

FINANCIAL SOLUTIONS

Installment Plans: sales leverage, profitability and default under control

Active Portfolio Evolution

(R$ BN)

5,5

5,0

4,5

4,0

3,5

3,0

2,5

2,0

Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23

Active Portfolio*

ADA (Allowance for Doubtful Accounts)

(R$ MM)

19,00%

17,00%

15,00%

13,00%

11,00%

9,00%

7,00%

5,00%

Over-90 Rate * Active Portfolio = Customers overdue for up to 180 days

720

19,00%

18,00%

670

17,00%

620

16,00%

570

15,00%

14,00%

520

13,00%

470

12,00%

420

11,00%

10,00%

370

Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23

ADA BalanceADA Balance / Active Portfolio

Quarterly Net Loss

(R$ MM)

328

350

256

252 4,6%

241 4,5%

261

249

239

300

199

183

5,8%

250

200

4,7%

4,9%

4,7% 4,5%

150

4,0%

3,6%

100

Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23

Net Loss

Net Loss / Active Portfolio

9,00%

Installment Plan Penetration

(% in Brazil's Municipalities)

100%

90%

8,00%

80%

7,00%

70%

60%

6,00%

50%

5,00%

78%

79%

81%

84%

90%

40%

65%

71%

76%

30%

4,00%

20%

3,00%

10%

2,00%

Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23

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Disclaimer

Grupo Casas Bahia SA published this content on 26 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2024 04:46:05 UTC.

Latest news about Grupo Casas Bahia S.A.

Grupo Casas Bahia S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 24	CI
Grupo Casas Bahia S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 07	CI
Casas Bahia executive quits as crisis deepens at Brazil retailer	23-09-27	RE
VIA S.A. will Change its Name to Grupo Casas Bahia S.A	23-09-20	CI
Grupo Casas Bahia S.A. will Change its Ticker to BHIA3 from VIIA3	23-09-20	CI
Brazil's Casas Bahia raises $126.5 million in share offering	23-09-14	RE
Brazil's Via taps banks for potential $205 mln share offering	23-08-31	RE
Transcript : Via S.A., Q2 2023 Earnings Call, Aug 11, 2023	23-08-11
Via S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-09	CI
Transcript : Via S.A., Q1 2023 Earnings Call, May 05, 2023	23-05-05
Via S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-04	CI
Grupo Casas Bahia S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-03	CI
Transcript : Via S.A., Q4 2022 Earnings Call, Mar 10, 2023	23-03-10
Via S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-03-08	CI
Via S.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-08	CI
Transcript : Via S.A., Q3 2022 Earnings Call, Nov 11, 2022	22-11-11
Via S.A. Reports Earnings Results for the Nine Months Ended September 30, 2022	22-11-09	CI
Via S.A.(BOVESPA:VIIA3) dropped from FTSE All-World Index	22-09-19	CI
Transcript : Via S.A., Q2 2022 Earnings Call, Aug 12, 2022	22-08-12
Via S.A. Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-10	CI
Transcript : Via S.A., Q1 2022 Earnings Call, May 10, 2022	22-05-10
Via S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-08	CI
Via S.A.(BOVESPA:VIIA3) added to Brazil Valor BM&FBOVESPA Index	22-05-02	CI
Brazil's Via reaches agreement to transfer $58 mln in tax credits	22-03-14	RE
Transcript : Via S.A., Q4 2021 Earnings Call, Mar 10, 2022	22-03-10

Chart Grupo Casas Bahia S.A.

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Company Profile

Grupo Casas Bahia SA, formerly known as Via SA is a Brazil-based company engaged in multichannel retail of consumer electronics and furniture. The Company operates in the consumer electronics, home appliance, mobile phone and furniture retail segments through Casas Bahia and Ponto Frio banners, as well as through the e-commerce platforms: pontofrio.com, casasbahia.com and extra.com.br. The Company has over 1000 stores and is present in more than 20 Brazilian states. In addition, it owns Bartira, a furniture manufacturer, that makes furniture for bedrooms, kitchens and living rooms, among other things, which are sold exclusively at Casas Bahia and Pontofrio stores. The Company provides also financial services, such as consumer finance, through credits and co-branded credit cards.

Sector

Department Stores

Calendar

2024-04-30 - Annual General Meeting

Related indices

BRAZIL IBOVESPA

More about the company

Income Statement Evolution

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Ratings for Grupo Casas Bahia S.A.

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

5.44 BRL

Average target price

20.62 BRL

Spread / Average Target

+279.08%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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