1 1. 2 2 The Company Brazils largest discount retailer Brazils largest discount retailer R$ 2,9 billion Gross Revenue in 2004 R$ 2,9 billion Gross Revenue.

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The CompanyThe Company

Brazil’s largest discount retailerBrazil’s largest discount retailer

R$ 2,9 billionR$ 2,9 billion Gross Revenue in 2004 Gross Revenue in 2004

159 Stores159 Stores in 20 states in 20 states (70% of the Brazilian states)(70% of the Brazilian states)

65% of Stores located in Shopping Malls65% of Stores located in Shopping Malls

61% of Stores in the Southeast Region61% of Stores in the Southeast Region

8.5 thousand employees8.5 thousand employees

An average of 700,000 customers, up to 1,5 million customers/day in the An average of 700,000 customers, up to 1,5 million customers/day in the eventsevents

An average of 50,000 Sales Items/sku’s per storeAn average of 50,000 Sales Items/sku’s per store

295,8 thousand m² of retail floor295,8 thousand m² of retail floor (Growth of 12.6% over 1T04)(Growth of 12.6% over 1T04)

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Stores LocationStores Location

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10AAMMEERRIICCAANNAASS

EExxpprreessss

Southeast Region

24

South Region

14

Middle-West Region

22

Northeast Region2

North Region

N° Lojas Área de Venda (mil m2)

149 291,4

10 4,4AAMMEERRIICCAANNAASS

EExxpprreessss

1.3%

8.8%

13.8%

61.0%

15.1%

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LASA Customer ProfileLASA Customer Profile

Lojas Americanas: Lojas Americanas: R$ 23.49R$ 23.49Americanas.com: Americanas.com:

Average TicketAverage Ticket

77% Women77% Women 81% A-B-C Social Class81% A-B-C Social Class

Means of PaymentMeans of Payment

58%Cash

6%Others

7%Payments

Form

40%Credit Card

2%Checks

Daily Store ReplenishmentDaily Store Replenishment

NEW São Paulo DCNEW São Paulo DCDC RJDC RJ

DC SPDC SP

DC PEDC PE

LogisticsLogistics

The CompanyThe Company

Lojas Americanas

Americanas.com

Recife - PERecife - PE 22,900 m²22,900 m²

Rio de Janeiro - RJRio de Janeiro - RJ 35,500 m²35,500 m²

São Paulo - SPSão Paulo - SP 53,000 m²53,000 m²

DISTRIBUTION CENTERSDISTRIBUTION CENTERS

Additional Capacity of 50%Additional Capacity of 50%

87% Credit Card

B2C/B2BB2C/B2B R$ 300.00 R$ 300.00

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55

foodfood(convenience)(convenience)

beautybeauty

householdhousehold leisureleisure

childrenchildrenlingerie

cosmeticsfragrances

socks&kerchiefsmake-up

Store Lay-Out: The WORLDS’ ConceptStore Lay-Out: The WORLDS’ Concept

cookies, chocolates & candiesEaster & Christmas CDs & DVDsstationer’sbirthday accessories

toyschildren’s clothingbabies clothingbaby accessoriesdiapers

bed&bathdecoration/presents

electric appliancekitchensports

snack barbakery

grocerygreengrocers

shoes & luggageclothes complementadult clothingjeans

OUR OUR WORLDSWORLDS

The assortment The assortment is grouped is grouped

according to its according to its final use .final use .

clothingclothing

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- Brand Loyalty- Brand Loyalty

- Bargaining Power- Bargaining Power

- Services to our clients- Services to our clients

- Low Cost- Low Cost

- Great Brands Assortment- Great Brands Assortment

- Presence in large customer - Presence in large customer centerscenters

- Quickness on the reposition of - Quickness on the reposition of itemsitems

- Decision Making Instruments- Decision Making Instruments

Competitive AdvantagesCompetitive Advantages

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Lojas Americanas GroupLojas Americanas Group

Traditional ModelTraditional Model Express ModelExpress Model

Sales Area: approximately 1,500 Sales Area: approximately 1,500 mm22

Location (target):Location (target):

- Shopping Centers / Places with- Shopping Centers / Places with

high circulationhigh circulation

Headcount: 50/60 Headcount: 50/60 employees/storeemployees/store

Logistics: daily repositionLogistics: daily reposition

Assortment: approx. 50,000 Assortment: approx. 50,000 itemsitems

AAMMEERRIICCAANNAASSEExxpprreessss

Sales Area: approximately 500 Sales Area: approximately 500 mm22

Location (target): Location (target):

- “Neighborhood Stores”- “Neighborhood Stores”

- Stores in distribution routes/ - Stores in distribution routes/

good location good location Headcount: 10 Headcount: 10 employees/storeemployees/store

- “Low costs”- “Low costs” Logistics: “Just-in-Time”Logistics: “Just-in-Time” Assortment: approx.15,000 Assortment: approx.15,000 itemsitems

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Lojas Americanas GroupLojas Americanas Group

SUBSIDIARY (80.4%)SUBSIDIARY (80.4%)

www.americanas.com.br

Latin America’s #1 E-retailerLatin America’s #1 E-retailer

More thanMore than 3 million unique visitors per month3 million unique visitors per month

22% of Brazil’s Market-Share22% of Brazil’s Market-Share

50% of Brazil’s virtual consumers50% of Brazil’s virtual consumers

Multi ChannelMulti Channel

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Personal Credit / LoansPersonal Credit / Loans 20 years in the market20 years in the market 179 points of sale179 points of sale

www.facilitanet.com.br

Lojas Americanas GroupLojas Americanas Group

159 stores inside Lojas AmericanasSUBSIDIARY (100.0%)SUBSIDIARY (100.0%)

Web-siteWeb-site Online loans

Online merchandise financing (Americanas.com)

20 own stores

Lojas Americanas’ Private Label CardLojas Americanas’ Private Label Card

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Company’s TimetableCompany’s Timetable

I.P.O I.P.O

FoundationFoundation

Garantia Partner’s acquires Company’s ControlGarantia Partner’s acquires Company’s Control

Decision to divest supermarket storesDecision to divest supermarket stores Restructure Program Kick-off:Restructure Program Kick-off:

Americanas.com reaches Break Even statusAmericanas.com reaches Break Even status

LASA Consolidated Net Income: R$ 103.1 millionLASA Consolidated Net Income: R$ 103.1 million

Technology Focus Project Logistic Project

SAP ProjectAutomatz Project

JUL/1999 - São Carlos Spin-OffJUL/1999 - São Carlos Spin-Off NOV/1999 - Americanas.Com LaunchNOV/1999 - Americanas.Com Launch

First Round of Financing Americanas.com : Sale of 33% Stake for First Round of Financing Americanas.com : Sale of 33% Stake for US$ 40 million (Total Valuation of US$ 120 million)US$ 40 million (Total Valuation of US$ 120 million) LASA Consolidated Net Income: R$ (19.9) millionLASA Consolidated Net Income: R$ (19.9) million

Americanas.com becomes #1 E-RetailerAmericanas.com becomes #1 E-Retailer LASA Cost Reduction + Margin ExpansionLASA Cost Reduction + Margin Expansion LASA Consolidated Net Income: R$ 57.1 millionLASA Consolidated Net Income: R$ 57.1 million

Acceleration of Expansion Program (13 traditional stores opened)Acceleration of Expansion Program (13 traditional stores opened) Americanas Express Project (3 neighborhood stores opened)Americanas Express Project (3 neighborhood stores opened) LASA Consolidated Net Income: R$ 115.9 millionLASA Consolidated Net Income: R$ 115.9 million

Numberof Stores

StockPrice

8686

LAME4LAME4

5,855,85

9090LAME4LAME47,007,00

SCAR4SCAR44,114,11

9494

LAME4LAME4

3,553,55

SCAR4SCAR44,004,00

9898LAME4LAME44,054,05

SCAR4SCAR46,506,50

105105LAME4LAME49,209,20

SCAR4SCAR48,508,50

121121 LAME4LAME430.5130.51SCAR4SCAR4

9.219.21 d d

1929

1940

1982

1998

2002

1999

2000

2001

2003

EBITDA(% NR)

-0.9%-0.9%

2.0%2.0%

0.6%0.6%

9.1%9.1%

11.2%11.2%

6.2%6.2%

2004 156156 12.1%12.1% LAME4LAME440.6040.60

SCAR4SCAR4 9.509.50

Acceleration of Expansion (35 stores opened)Acceleration of Expansion (35 stores opened) LASA Consolidated Net Income: R$ 64.1 millionLASA Consolidated Net Income: R$ 64.1 million

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Velame56.5%

GWI Emp. / Tobias Cepelowicz / Mu Hak You

20.9%

Free Float25.4%

Free Float97.8%

Treasury

1.7%

Treasury

2.2%

Free FloatFree Float

ForeignInvestors

4.4% 30.2% Foreign

Investors

MARKET CAP (April 30, 2005)MARKET CAP (April 30, 2005)US$ 3.3 BillionUS$ 3.3 Billion

COMMON SHARES COMMON SHARES (ON)(ON)

PREFERRED SHARES PREFERRED SHARES (PN)(PN)

Velame*0.0%

* Includes Controlling Shareholders as natural people.

*

On May 2005

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LAME4 X IBOVESPA

2001 2002 2003 2004

LAME4R$ 44,70

03/31/2005)

IBOVESPA

Agência Estado/Economática

Ranking

1st PLACE

R$ 3.63

R$ 4.06

R$ 9.00

R$ 30.51

Stock Performance - LAME 4Stock Performance - LAME 4

2005

R$ 53,00

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ResultsResults

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1414

2,949

1,765 1,918

2,325

1,693

2000 2001 2002 2003 2004

Gross Revenue (R$ MM)

Gross Margin (%NR)

30,9

28,1 29,5 30,2

25,2

2000 2001 2002 2003 2004

Annual

Annual

Gross Revenue and MarginGross Revenue and Margin

Quarterly

26.8%26.8% 42.2%42.2%

0.7 pp0.7 pp

Quarterly

354451

408

573

815

1Q01 1Q02 1Q03 1Q04 1Q05

28,0

31,2 32,0

27,3

29,3

1Q01 1Q02 1Q03 1Q04 1Q05

Effect

Easter

Effect

Easter

15

1515

18.9

22.5 20.8

19.0

25.9

2000 2001 2002 2003 2004

Annual

224.0

55.6

107.9

175.0

(24.2)

2000 2001 2002 2003 2004

28.0%28.0%44.7%44.7%

Operating Results (R$ MM)

Annual

0.1 pp0.1 pp

2.2 pp2.2 ppQuarterly

Operating Expenses and ResultsOperating Expenses and Results Sales, General and Administrative Expenses (%NR)

Quarterly

27.2

20.8 23.3

20.1 18.6

1Q01 1Q02 1Q03 1Q04 1Q05

(6.4)

35.8

19.7 18.1

51.7

1Q01 1Q02 1Q03 1Q04 1Q05

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1616

EBITDA (R$ MM e % NR)

274.7217.6

142.8

90.1

8.00.6%

12.1%11.2%

6.2%9.1%

2000 2001 2002 2003 2004

Annual

0.9 pp0.9 pp

Annual

0.3 pp0.3 pp

(19.9)

115.9 103.1

57.1 64.1

2000 2001 2002 2003 2004

Net Income (R$ MM)

Quarterly

EBITDA and Net IncomeEBITDA and Net Income

Quarterly

66.7

47.8

26.8

2.2

29.5

0.8%

10.7%

8.7%7.3%

10.4%

1Q01 1Q02 1Q03 1Q04 1Q05

(10.6)

5.0

12.5 7.8

10.8

1Q01 1Q02 1Q03 1Q04 1Q05

116 %

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Annual Annual

309

170

229

266

133

2000 2001 2002 2003 2004

8,491

12,485

7,633

9,715

12,148

7,822 156

90 94 98

121

1999 2000 2001 2002 2003 2004

Lojas Lojas Lojas105

Lojas

Growth of 30.0% comparing Growth of 30.0% comparing 1Q05 vs. 1Q041Q05 vs. 1Q04

8,483 associates in 1Q058,483 associates in 1Q05

Lojas

Lojas

ProductivityProductivity

Revenue per Associate (R$ thousand) Headcount X Number of Stores

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1818

2001 2002 2003 2004 2005

0,714.6

87.0 86.5 89.2

28.5

0.4

18.135.3

2001 2002 2003 2004 2005

Total Total

2001-2005:2001-2005:

R$ 360.3 MMR$ 360.3 MM

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Uses of CashUses of Cash

Expansion ProgramExpansion ProgramTechnology and OperationsTechnology and Operations New Stores openingsNew Stores openings Store Remodeling Store Remodeling people - capacitation of the associatespeople - capacitation of the associates

Share Buy-Back and Dividends Share Buy-Back and Dividends

ProgramProgram

EVA EVA ® ® OrientedOriented

Dividends Payment and Share Buy-back Program (R$ million)

Dividends Payment

Share Buy-back

Store Opening Evolution

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Stores openingStores programmed

Stores negotiation22

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1919

Northeast Region

Southeast Region

Region Middle-West

Goiânia - GO - Araguaia Shc.

Region South

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Natal - RN

Campina Grande - PB

Rio Grande do Sul - RS - Canoas SHC1

Niterói - RJ - Express Bay Market

Juiz de Fora - MG - Alameda SHC

Belo Horizonte - MG - Pátio Savassi

São Paulo - SP - SHC Metro S. Cruz

São Paulo - SP - SHC Butantã

São Paulo - SP - Express Joaquim Nabuco

São Paulo - SP - Jardim Sul SHC.

Rio de Janeiro - RJ - Express Olegário Maciel

Barueri - SP - SHC Tamboré

Stores Expansion 2005Stores Expansion 2005

Brasília - DF - Águas Claras Shc.

3 lojas inauguradas

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EXPANSIONEXPANSION

TECHNOLOGYTECHNOLOGY

PEOPLEPEOPLE

Investiments Investiments

SAP UpgradeSAP Upgrade

Barra Shopping store - RJ

Growth organic Stores Traditional and ExpressGrowth organic Stores Traditional and Express

e-commercee-commerce

Technology UpdateTechnology Update

Employees’ training programsEmployees’ training programs New Talents ProgramNew Talents Program

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