EARNINGS RELEASE 2010 SACI Falabella

1 March 2011

Main Facts
Consolidated Income Statements

Business Units

Investment Plan

2

8% and Net Income 69.6 Million of corporate bonds were prepaid by Falabella ( 4.MAIN FACTS OF THE YEAR • • • • Strong Growth in Revenues +16.5 Mill) and Sodimac (1.6%.1% Investment Plan for 2010: 27 stores.A. EBITDA 35. 3 Shopping malls 16 stores and 2 Shopping malls were opened during the 4th Quarter UF 5. • • 3 .1 Mill) Mall Plaza issued UF 5 Million in local bonds Falabella sold its stake in Farmacias Ahumada S.

4% 4Q 2009 Revenues 4Q 2010 EBITDA Mg (%) FULL YEAR 8.9% 13.467 + 16.117 9.346 + 19.7% 2009 2010 Revenues EBITDA Mg (%) 4 (*) Revenues in MMUS$ translated at ER of December 2010 .HIGHER REVENUES & EBITDA MARGIN 2.801 4th QUARTER 2.4% 18.1% 16.6 % 15.

467 4.0% 18.2% 19.1% 2010 MMUS$ 9.117 3.7% Chile Perú Argentina Colombia 69.2% 6.DIVERSIFICATION OF REVENUES 2009 MMUS$ 8.6% 7.5% Higher growth of Revenues in Colombia 5 (*) IFRS Revenues in US$ translated at ER of December 2010 .6% 71.

Banco Falabella Perú and CMR Colombia are not included 6 .94 0.52 0.51 0.6x in 2010 Dic‐09 Mar‐10 Jun‐10 Sep‐10 Dic‐10 NOTE: Banco Falabella Chile.39 DURATION: Increasing from 4.FINANCIAL SITUATION LEVERAGE (times) 0.69 2.34 3.87 0.84  0.49  Dic‐09 Mar‐10 Jun‐10 Sep‐10 Dic‐10 Dic‐09 Mar‐10 Jun‐10 Sep‐10 Dic‐10 Financial Debt / EBITDA (times) 3.90 NET FINANCIAL LEVERAGE (times) 0.91 2.1x in 2009 to 4.15 2.52  0.85 0.54 0.

Main Facts Consolidated Income Statements Business Units Investment Plan 7 .

9% 8 .856) (15. Change 10/09 36.438) (24.098.646 237.672 (37.458 (312.244.1% 17.DECEMBER of 2010 Mill of CLP Revenues from non banking Operations Revenues from banking Operations Total Revenues COGS from non banking Operations COGS from banking Operations Gross Margin SG&A Expenses Operational Income EBITDA Non-Operating Profit Profit before tax expenses Income Tax Minority Interest Net Profit /(Loss) 4Q 2009 1.8% 30.3% 39.317) 521.067 66.897 14.7% 3.035 (672.230) (25.4% 12.0% 27.938 1.5% 33.322) 155.812) 208. 4Q 2010 1.005 (764.1% 26.5% 48.9% 18.311.9% 15.026 222.732) 114.723) 169.6% 42.8% -23.2% 16.200 (245.984) (12.8% 12.3% 10.9% 32.878 179.396) 401.3% 23.979 868 156.QUARTERLY INCOME STATEMENT OCTOBER .0% 19.746 (29.3% 14.1% 1.7% 19.635 59.2% 1515.4% 0.4% 13.5% -22.031 % Rev.1% 14.092 % Rev.399 1.038.

764 (1.938) 1.942 704.3% 9 .8% 29.347 % Rev.005 4.429 (2.383.3% 25.0% 13.970 (2.817 3.798.9% 12.7% 10.179.CUMULATIVE INCOME STATEMENT CUMULATIVE JANUARY .4% -7.713 (72.0% 43.822) 594.5% 13.7% -1. 2010 4.3% 16.318) 348.579) (99.7% 9.725.061) 415.0% 69.181) 546.612.4% -23.1% 12.424 251.727) (91.307) (31.4% 15.DECEMBER of 2010 Mill of CLP Revenues from non banking Operations Revenues from banking Operations Total Revenues COGS from non banking Operations COGS from banking Operations Gross Margin SG&A Expenses Operational Income EBITDA Non-Operating Profit Profit before tax expenses Income Tax Minority Interest Net Profit /(Loss) 2009 3.9% 13.017.1% 16.6% 14.761 (93.3% 35.4% 22.931) 413.3% 56.1% 6.9% -1.054 2 88 (66.2% 36.6% -23.4% 9. Change 10/09 34.575.737 0 9 (48.299) 1.092 (901.949) 244.430.458 % Rev.316.031 519.153 223.8% -27.482) (39.

Main Facts Consolidated Income Statements Business Units Investment Plan 10 .

1 % Positive Outlook – Consumption Dynamism – Efficient Inventory management – Low exchange rates Perú Argentina + 25.DEPARTMENT STORES CUMULATIVE REVENUES (MMUS$*) 2.892 + 21.987 629 705 376 473 206 360 • Strong Revenues’ Growth – SSS increase in every country during 2010 – Strong contribution of Colombia Total Chile • + 12.9 % 11 (*) IFRS Revenues in US$ at ER of December 2010 .9 % 2009 2010 Colombia + 74.525 1.2 % 1.9 % 3.681 + 18.

1 % 4.3 % 2.8 % 292 92 + 61.1 % 149 771 + 19.014 2.5 % 922 2009 2010 • Growth of Revenues – Recovery of consumption levels – SSS increase in every country – Contribution of new stores in Argentina Total Chile Perú • Efficiencies – Maturity of Peru and Argentina’s stores – Even with Pre operating pressures in Argentina and Peru Argentina Colombia 12 (*) IFRS Revenues in US$ at ER of December 2010 .281 + 16.399 + 18.HOME IMPROVEMENT CUMULATIVE REVENUES (MMUS$*) 3.652 255 + 14.

3% – 12 new stores Chile 680 + 9.1% – SSS Peru: 14.118 + 13.266 Growth of revenues – SSS Chile: 6.2 % 1.1 % 742 438 + 19.6 % 524 • Controlled SG&A expenses Perú 2009 2010 • Strengthening key areas in the value chain – Logistics – Private Labels – Store Operation 13 (*) IFRS Revenues in US$ at ER of December 2010 .SUPERMARKETS CUMULATIVE REVENUES (MMUS$*) • Total 1.

854  4.4 % • • Loans Growth Controlled Risk 148 272 + 83.340 1.572 4.7 % 1.898 + 19.04% 3.69% Sep‐10 3.4 % 3.46% 4.572 3.FINANCIAL RETAIL GROSS LOANS (MMUS$*) + 21.585 1.CMR Visa card (*) Loans at US$ of December 2010 14 .2 % .7 % 512 85 188 + 122.560 414 + 23.49% 4.37% Dic‐10 Dic‐09 Mar‐10 Jun‐10 + 16.429  Total CMR Chile Bco Chile Peru Argentina Colombia 4.NPL Provisions below historical levels • Strengthening value offering .628  3.429 1.045  4.5 % 2009 2010 Gross Loans in US$ Mill and Provisions/ Gross Loans 3.

652  • Revenues Growth – Consumption level recovery – Peru Business improvement – Format increase in attractiveness • 2008 2009 2010 239 Investment in 2010 – Existing Mall GLA increase in Chile – New mall in Arequipa.8 % 3.978  + 33. Peru – Entry to Colombia Perú 180 119 + 32. Evolution in Mall stores’ sales (Mill.8 % 15 2008 2009 2010 .729  1. of US$) Chile 2.A.PLAZA S.

Main Facts Consolidated Income Statements Business Units Investment Plan 16 .

STORES OPENED DURING 2010 7 Stores 13 Stores 3 Shopping Malls 3 Stores 4 Stores Falabella San Felipe Saga Falabella Angamos Piura Arequipa Falabella Tortugas Falabella Centromayor Santa Fe Pereira Imperial Hualpen Sodimac Vicente Lopez Tortugas Sodimac Angamos Piura Arequipa Tottus Padre Hurtado San Felipe Talca Peñalolén Catedral Sodimac Bucaramanga Tottus Angamos Isil Naciones Unidas Tusilagos Piura Arequipa (2) 27 new Stores 3 Shopping Malls 17 Open Plaza (2) Aventura Plaza (1) .

035  637  467  461  US$3.511 Millions 2011 2012 2013 2014 2015 5  2  4  3  2  42  48  53  40  32  215 new Stores 16 Shopping Malls 2011 2012 2013 Stores Malls 2014 2015 Stores: 242 Malls : 19 Stores: 457 Malls : 35 18 .ACCELERATING INVESTMENT PLAN MMUSD 911  1.

DISCLAIMER This presentation contains forward-looking statements. 19 . but not limited to. Investors are cautioned that any such forward-looking statements are not guarantee of future performance and involve a number of risks and uncertainties including. belief or current expectations of the Company and its management. including statements regarding the intent. 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.

cl) Teléfono: 56-2-380 2205 Humberto Solovera R.CONTACT INFORMATION Jordi Gaju N. Corp. Planning & Development Engineer / Investor Relations Domingo Godoy U. Planning & Development Engineer / Investor Relations (hsolovera@falabella.cl) Teléfono: 56-2-380 2007 (dgodoy@falabella.cl) Teléfono: 56-2-380 2007 20 . Chief Development Officer (jgaju@falabella. Chief Financial Officer (alejgonzalez@falabella.cl) Teléfono: 56-2-380 2007 Alejandro González D. Corp.

21 March 2011 .

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