This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Cash and banks 381.7 340.1 129.9 Money market investments 1,468.0 871.1 1,019.5 Receivables from clients (credit/debit cards) 208.3 859.3 228.0 Credit cards/Customers financing - FAI (50%) 94.5 119.1 120.9 Total Cash and Cash Equivalents 2,152.5 2,189.6 1,498.3
Net Cash (Debt) (938.5) (368.2) (746.7)
Evolution of Sales Area x Number of storesPosition at March 31
407
336
296
240263
236
443
98Stores
105Stores 125
Stores
200Stores
414Stores
366Stores
159Stores
1Q02 1Q03 1Q04 1Q05 1Q06 1Q07 1Q08
Sale
s A
rea (
thousa
nd m
²)
N°
of Sto
res
Expansion and Investment Programs
Creating value for our Shareholders
Share buy-back
Dividend payment
100.0 110.0
60.0
14.6
88.8 90.0 89.2
44.334.2
11.1
28.5
0.4
18.1
35.3
2001 2002 2003 2004 2005 2006 2007/08
Dividends Payment and Share Buy-back Program (R$ million)
2005
Shoptime Acquisition
FAI Creation
37 Inaugurations
2007
Blockbuster acquisition (127 stores)
Blockbuster remodeling
50 inaugurations
2006
B2W Creation
45 Inaugurations
Total Total
2001-2007:2001-2007:
R$ 724.5 MMR$ 724.5 MM
32% EBITDA32% EBITDA
Share buy-back program open since 2003:
ON: 8,204,509 shares (limit: 10,788,942) >> 2,584,433 shares to be repurchased
PN: 17,497,213 shares (limit: 36,505,323) >> 19,008,110 shares to be repurchased
5
Conference Call1Q08 Earnings Release
Statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Lojas Americanas, eventually expressed in this release, are merely projections and, as such, are based exclusively on the expectations of Lojas Americanas’ management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and are, therefore, subject to change without prior notice.