SACI FALABELLA

CORPORATE PRESENTATION

AUGUST 2015
CONTENTS

• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
 FIVE BUSINESS UNITS – 126 YEARS OF HISTORY

DEPARTMENT HOME FINANCIAL

SUPERMARKETS REAL ESTATE
STORES IMPROVEMENT SERVICES

US$ 4,055 m US$ 5,713m US$ 1,986 m US$ 6,038 m 2.0 million
Revenues Revenues1 Revenues Loan Book m2 GLA2
1 million m2 of additional GLA
in free standing stores in the
4.7 million region.
100 stores 244 stores 102 stores
CMR accounts
20 / 19
Malls / Power
& Shopping
Centers

Note: Revenues as of June 2015 LTM. Number of stores/malls as of August 25 th 2015. Number of CMR accounts as of June 2015. FX rates as of July 1st, 2015 (639.04 CLP/US$).
Data includes Sodimac Colombia and Aventura Plaza, which do not consolidate.
1. Does not include Uruguay revenue. 3
2. The Falabella Group owns 991.000 m2 of additional GLA in free standing stores across the region.
 PRESENCE IN 6 COUNTRIES IN LATIN AMERICA

HOME
DEPARTMENT STORES SUPERMARKETS FINANCIAL SERVICES REAL ESTATE
IMPROVEMENT

45 stores 85 stores 53 stores 2,353,000 active 25 malls

304,000 m2 703,000 m2 187,000 m2 CMR cards 1,422,000 m2 GLA

26 stores 57 stores 49 stores 1,033,000 active 13 malls

162,000 m2 372,000 m2 182,000 m2 CMR cards 521,000 m2 GLA

18 stores 35 stores 817,000 active 1 mall

114,000 m2 338,000 m2 CMR cards 26,000 m2 GLA

11 stores 8 stores 519,000 active

58,000 m2 84,000 m2 CMR cards

58 stores
132,000 m2

1 store
12,000 m2

Note: Number of stores and sales area as of August 25th 2015. Number of CMR accounts with balance and employees as of June 2015.
Includes Sodimac Colombia and Aventura Plaza in Peru, which the Company does not consolidate.
4
 KEY FIGURES
Main Figures

Total Loan CMR 446 39

Revenues Book Accounts stores malls

12,475 M US$ 6,038 M US$ +4,722,000 2,649,000 m2 1,969,000 m2

sales area GLA

Mix by Country (LTM) Employees in the Region

Total: 102,900
7% 2% <1% 4% +14,600
5%
6% +3,500

+29,200
21%

Revenues EBITDA
25% +200
+49,900
59% +5,500
71%

Note: Revenues and EBIDA does not consider Sodimac Colombia and Aventura Plaza in Peru, which do not consolidate.
Number of stores and sales area as of August 25th 2015.
5
CONTENTS

• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
KEY INVESTMENT HIGHLIGHTS

1. Leadership
in Latam 2. 3. 4.
across
formats Responsible
growth Differentiating Customer
strategy brands centric strategy

5. 6. Sustainable
business 7.
development
Experienced
Corporate
management
governance
team
practices

7
 1. LEADERSHIP IN LATAM ACROSS FORMATS
Market Position1

Department Stores Home Improvement Supermarkets Financial Services Real Estate

Revenues Market position Revenues Market position Revenues Market position CMR Accounts Market position Market position

2,040 M US$ 2,353,000 25 Shopping Malls

#1 2,986 M US$ #1 1,003 M US$ #4 #1 #1
GLA 1.4 M m²
895 M US$ #1 891 M US$ #1 983 M US$ #3 1,033,000 #1
13 Shopping Malls #1
GLA 0.5 M m²
581 M US$ #1 1,275 M US$ #1 817,000
1 Shopping Mall
538 M US$ 263 M US$ #2 519,000
Only relevant player

297 M US$ #4

Sales / m2 (US$)2

Department Stores in Chile Home Improvement in Chile Supermarkets in Peru

1. Revenues as of June 2015 LTM. Number of CMR accounts, malls and GLA as of June 2015. FX rates as of July 1st, 2015 (639.04 CLP/US$).
2. Sales per square meter as of March 2015. FX rates as of April 1st, 2015 (626,67 CLP/US$). Tottus’ sales area excludes check out area, in order to compare with peer’s reported sales per
square meter. 8
 2. RESPONSIBLE GROWTH STRATEGY
Organic Initiatives Sodimac opens first Homecenter
stores in Brazil and Uruguay

Falabella Entry to Falabella.com First Tottus Falabella & Launch of Sodimac.com

launches Argentina, Peru launched opened CMR enter Launch of Móvil launched
CMR and Colombia in Chile in Peru Colombia Homy Falabella in Peru

Falabella.com Sodimac.com
launched launched
Falabella
in Colombia in Colombia
develops its Banco
first shopping Falabella Sodimac.com Falabella.com Tottus.com Tottus.com
center launched launched launched launched in launched in
Mall Plaza in Chile in Chile in Argentina Chile Peru

1980 1990 1993-5 1998 1999 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010-11 2013 2014 2015

Falabella & Sodimac Sodimac Sodimac

Mergers & Acquisitions Sodimac acquires acquires acquires
merge Imperial Dicico Maestro
in Chile in Brazil in Peru

Falabella Falabella Mall Plaza

acquires acquires acquires Mall
San Francisco Casa Estrella Las Americas
in Chile in Colombia in Chile

9
 INVESTMENT PLAN 2015 - 2018
Investment Plan 2015 - 2018

US$ 4.4 bn 140 stores

investment for the

next 4 years
11 malls

Investment (US$ m) Store and Mall Openings

Stores Malls

Note: Figures include 100% of the investment in fixed assets, including Sodimac Colombia and Aventura Plaza, which the Falabella Group does not consolidate in the Financial Statements.

10
3. DIFFERENTIATING BRANDS

Private Labels

Exclusive Brands

11
 4. CUSTOMER CENTRIC STRATEGY
Our Customers1

+4.7 +290 350 +1.4 300,000

million
million million million
visits to our Passengers
CMR accounts transactions in our shopping centers bank accounts with travelled using
with a balance retail businesses in the region Banco Falabella Viajes Falabella

Customer knowledge through consistent interaction

Commercial
Platform

→ Self Service
What does → When does Websites
Stations
she like she purchase

→
How much → Mobile
What does ATM
does she Apps
she buy
spend

Social Contact

→
→ Where Center
Means of Networks
does she
payment
purchase
Points of
Sale

1. Number of CMR accounts as of June 2015. Other data as of December 2014.

12
 5. EXPERIENCED MANAGEMENT TEAM
Main Executives
16 years
CEO in average
- 20 years -
in the Group

Chief
Colombia Argentina
Planning and Peru Country Brazil Country
CFO Country Country CIO
Development Manager Manager
- 8 years - Manager Manager - 23 years -
Officer - 26 years - - 2 years -
- 20 years - - 16 years -
- 6 years -

Home
Department Supermarkets Financial Mall Plaza Open Plaza General
Improvement
Stores GM GM Services GM GM GM Counsel
GM
- 15 years - - 13 years - - 6 years - - 25 years - - 20 years - - 20 years -
- 13 years -

Employees

+102,900 46% +75,000 +3.6 30%

employees women employees million hours of employees
evaluated of training belong to a union.
53% in Chile.

Note: Number of employees as of June 2015. Other figures as of December 2014.

13
 6. SUSTAINABLE BUSINESS DEVELOPMENT
Community

Haciendo Círculo de Financial Healthy Biblioteca

Education Eating Viva
91
Escuela Especialistas
Program Program
schools
+350,000 57 courses taught in Implemented in 9 libraries inside malls
+81,000 17 schools from low- income 155,000 materials
students benefited specialist workers Haciendo Escuela schools provided

Suppliers Environment

+20,000 suppliers 18 certified stores and

1 shopping center
with LEED
pre-certification
50% SMEs
30 stores and
Partnership with 19 eco-friendly
shopping centers
Falabella

Sodimac

Note: Information as of December 2014.

14
 7. CORPORATE GOVERNANCE PRACTICES
Board of Directors Board Committee

Chairman
Carlo Solari Donaggio 2014
Vice-Chairman Audit
Juan Carlos Cortés Solari 2014 Committee

Directors
José Luis del Rio Goudie 2003
Sergio Cardone Solari 1986 Compensation
Strategy
and Talent
Carolina del Rio Goudie 2011 Committee
Committee
María Cecilia Karlezi Solari 2003
Paola Cuneo Queirolo 2014
Carlos Alberto Heller Solari 2002
Independent Director
Hernán Büchi Buc 1996
Free Float
19%

Presence of an
independent Controlling
director at Group
holding level consisting of Controlling
and in relevant 7 families Group
subsidiaries 81%

Note: Information as of 31st March 2015

15
CONTENTS

• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
 CONSOLIDATED STATEMENTS
Income Statement

(USD Million) 2Q14 2Q15 Var % 1S14 1S15 Var %

Total Rev enues 2,845 3,133 10.1% 5,543 6,183 11.6%
Gross Profit 994 1,121 12.8% 1,919 2,172 13.2%
Gross Margin 34.9% 35.8% 34.6% 35.1%
SG&A Expenses (701) (799) 14.0% (1,366) (1,562) 14.3%
SG&A / Rev enues (24.6%) (25.5%) (24.7%) (25.3%)
Operational Income 293 322 9.9% 553 610 10.4%
Operational Margin 10.3% 10.3% 10.0% 9.9%
Depreciation + Amortization 77 90 152 181
EBITDA 370 411 11.2% 704 791 12.3%
EBITDA Margin 13.0% 13.1% 12.7% 12.8%
Other Income / (Expenses) (2) 1 1 (6)
Net Financial Income / (Cost) (72) (79) (125) (123)
Profit / (Loss) in Associates 7 8 18 19
Exchange Rate Differences (5) (1) (24) (16)
Non-Operating Profit (71) (70) (1.2%) (131) (126) (4.2%)
Profit Before Tax Expenses 221 251 13.5% 422 485 14.9%
Income Tax (43) (54) (82) (108)
Minority Interest (15) (16) (29) (30)
Net Profit / (Loss) 164 181 10.0% 311 346 11.5%
Net Margin 5.8% 5.8% 5.6% 5.6%

Note: Financial information at FX rates as of July 1st, 2015 (639.04 CLP/US$). 17

 CONSOLIDATED STATEMENTS
Balance Sheet

(USD Million) Dec 14 Jun 15 (USD Million) Dec 14 Jun 15

Cash & cash equiv alents 331 274 Other current financial liabilities 1,153 1,123
Current trade & other receiv ables 2,286 2,361 Current trade & other payables 1,512 1,275
Inv entories 1,595 1,603 Others 448 396
Others 277 267
Total Non-Banking Current Assets 4,489 4,506 Total Non-Banking Current Liabilities 3,112 2,794

Non-Current trade & other receiv ables 323 316 Other non-current financial liabilities 3,625 3,828
Goodwill 724 716 Others 685 687
PP&E & Inv estment properties 6,638 6,724
Others 891 1,006
Total Non-Banking Non-Current Assets 8,575 8,762 Total Non-Banking Non-Current Liab. 4,310 4,515
Total Non-Banking Operations Assets 13,064 13,267 Total Non-Banking Oper. Liabilities 7,421 7,309

Loans & accounts receiv able from clients 3,412 3,588 Total Banking Oper. Liabilities 3,857 4,281
Others 1,278 1,484 TOTAL LIABILITIES 11,278 11,590
Total Banking Operations Assets 4,690 5,071 Shareholders' Equity 6,476 6,748
TOTAL ASSETS 17,754 18,339 TOTAL EQUITY & LIABILITIES 17,754 18,339

Note: Financial information at FX rate as of July 1st, 2015 (639.04 CLP/US$).

18
 FINANCIAL SITUATION
Net Financial Debt / EBITDA Debt Profile
w/o Banking Operations (times) w/o Banking Operations

Maestro
effect

18%
Short-term

Leverage 4,735 M US$

w/o Banking Operations (times)
Financial Debt1
w/o Banks

42% 58%
Financial Public
institutions Bonds

5.43 years
duration

Note: Financial information at FX rate as of July 1st, 2015 (639.04 CLP/US$).

1. Does not include accrued interests
19
CONTENTS

• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
 CORPORATE STRUCTURE

SACI Falabella

94%

Chile Peru1 Argentina Colombia Brazil Uruguay

Falabella 100% Saga Falab. 95% Falabella 100% Falabella 65%

Sodimac 100% Sodimac 100% Sodimac 100% Sodimac 49%2 Dicico 50.1% Sodimac 100%

Imperial 60% Maestro 100%

Tottus 88% Tottus 100%

CMR 100% Banco Falab.100% CMR 100% Banco Falab. 65%

Banco Falab.100%

Open Plaza 100%

Mall Plaza 60% Open Plaza 100% Mall Plaza

100%
Avent. Plaza 40%2
20%

1 Through Falabella Perú S.A.A..

2 Does not consolidate.
21
CONTENTS

• The Company
• Key Investment Highlights
• Consolidated Statements
• Corporate Structure
• Overview per Business Unit
 DEPARTMENT STORES
Business Overview

• 100 stores in Chile, Peru, Colombia and Argentina

• Main categories: apparel, home electronics and home decor Local

market Differentiation
customization
• Diverse portfolio of private brands, second generation
and exclusive brands, in addition to international brands

• Leading online retailer Private brands

• Operates specialty stores for exclusive and second generation

Profitability
apparel and footwear brands

Regional Footprint Revenues Sales / m2 1

(US$ m, June 2015 LTM) (US$, June 2015 LTM)

Chile 45 Stores Total: 4,055 US$ m

Peru 26 Stores

Colombia 18 Stores

Argentina 11 Stores

Note: Figures in US$ converted using the July 1st, 2015 (639.04 CLP/US$). Number of stores as of August 25th, 2015.
1. Sales LTM divided by average m2
23
 HOME IMPROVEMENT
Business Overview

• 244 stores in Chile, Peru, Colombia, Argentina, Brazil and Uruguay

• Main categories: construction materials and home improvement Construction Contractors &
companies specialists
products , carpentry, design furniture and home terminations

• Six formats: Homecenter, Sodimac Constructor, Imperial,

Homy, Dicico and Maestro DIY

• Expertise in selling directly to construction sector players and large companies

Families
• Strong online sales strategy

Regional Footprint Revenues Sales / m2 1

(US$ m, June 2015 LTM) (US$, June 2015 LTM)

Chile 85 Stores Total 2 : 5,713 US$ m

Peru 57 Stores

Colombia 35 Stores

Argentina 8 Stores

Brazil 58 Stores

Uruguay 1 Stores

Note: Figures in US$ converted using the July 1st, 2015 exchange rate (639.04 CLP/US$). Number of stores as of June 2015.
1. Sales LTM divided by average m2
2, Does not include revenue from Uruguay.
24
 SUPERMARKETS
Business Overview

• Started operations in 2002 in Peru under Tottus brand and entered

Chilean market in 2004 with the acquisition of San Francisco Supermarkets
Private label
Hypermarkets
products
Bodegas
• Operates 102 stores in Chile and Peru, with three formats:
hypermarkets , supermarkets and Hiperbodega Precio1
Price
• Increased penetration of private labels positioning

• E-commerce platform
Weekly deals

Regional Footprint Revenues Sales / m2 1

(US$ m, June 2015 LTM) (US$, June 2015 LTM)

Chile 53 Stores
Total: 1,986 US$ m
Peru 49 Stores

Note: Figures in US$ converted using the July 1st, 2015 exchange rate (639.04 CLP/US$). Number of stores as of June 2015.
1. Sales LTM divided by average m2
Sales area considered for Tottus does not include the cash area in order to be comparable with peer’s sales area. 25
 FINANCIAL SERVICES
Business Overview

• Falabella Financiero offers a mix of integrated financial

products and services.
Loyalty Transparency
• Provides customers access to credit, combining the Frequency Convenience
traditional financial business with the proximity to Immediate needs Simplicity
customers through retail formats.
• Five business units: CMR Falabella (credit card),
Banco Falabella (bank), Seguros Falabella (insurance Integrated
broker), Viajes Falabella (travel agency) and offering

Móvil Falabella (mobile virtual operator)

• Operates in Chile, Peru, Colombia and Argentina

Regional Footprint Gross Loan Portfolio Loan Loss Provision1

(US$ m, June 2015) (%, June 2015)
2.3 m CMR accounts
Chile 95 bank branches
Total: 6,038 US$ m
1.0 m CMR accounts
Peru 60 bank branches

0.8 m CMR accounts

Colombia 54 bank branches

0.5 m CMR accounts

Argentina

1. Per local regulation (not comparable across the countries)

Note: Figures in US$ converted using the July 1st, 2015 exchange rate (639.04 CLP/US$).
26
 REAL ESTATE
Business Overview

• Largest operator in Chile and Peru, and one of the leaders

in Latin America: Sustainable
Entertainment
Shopping
construction
• Mall Plaza: Operates large shopping malls in Chile, Culture

Peru (through Aventura Plaza) and Colombia.

Meeting
• Open Plaza: Operates small shopping centers with places

2 or 3 anchor stores, as well as other third-party

Urban centers
minor stores.

Regional Footprint Integrated Offering2

# Shopping Malls '000 GLA
jun-14 jun-15 jun-14 jun-15 +2,200 98
+390
Mall Plaza 14 15 1.136 1.190 specialty cinema
restaurants
Open Plaza 10 10 235 232 stores screens
CHILE 24 25 1.371 1.422
Aventura Plaza 4 4 258 274 14 9
16
medical public
Open Plaza 8 9 232 247 gyms
centers libraries
PERU 12 13 490 521
Mall Plaza 1 1 26 26
39 11 3
COLOMBIA 1 1 26 26 game educational exhibition
areas institutions rooms
TOTAL 37 39 1.887 1.969
Free Standing Stores1 792 991

1. Owned by the company throughout the region.

2. Information for Mall Plaza shopping centers as of December 2014
27
CONTACT INFORMATION

www.falabella.com/inversionistas
inversionistas@falabella.cl
Phone: +56 2 2380 2012

Jordi Gaju Alejandro González

Chief Development Officer Chief Financial Officer
jgaju@falabella.cl alejgonzalez@falabella.cl

Isabel Darrigrandi María Paz Fernández

Head of IR IR Analyst
idarrigrandi@falabella.cl mpafernandez@falabella.cl
DISCLAIMER

This presentation contains forward-looking statements, including statements

regarding the intent, belief or current expectations of the Company and its
management. Investors are cautioned that any such forward-looking
statements are not guarantee of future performance and involve a number
of risks and uncertainties including, but not limited to, the risks detailed in the
Company’s financial statements, and the fact that actual results could differ
materially from those indicated by such forward-looking statements.