GRUPO FAMSA, S.A.B. DE C.V. (CONSOLIDATED RESULTS)

(Ps. Million) 2020(1) 2019 2018 2017 2016
Sales 6,574 20,535 19,886 17,463 17,544
Gross profit 1,193 9,074 9,019 7,813 7,819
Operating income (2,972) 1,574 1,159 818 994
Financial result, net (1,556) (1,555) (882) (660) (1,095)
EBITDA (1,734) 2,576 1,565 1,231 1,411
(Ps. Million) 2020 2019 2018 2017 2016
Current assets 5,333 35,303 28,438 23,924 25,324
Non-current assets 6,461 24,780 20,121 20,103 17,165
Total assets 11,794 60,083 48,559 44,028 42,490
Cash & cash equivalents’ 155 3,700 1,541 1,643 1,504
Current liabilities 15,277 39,602 33,648 28,838 24,172
Non-Current liabilities 9,957 14,181 8,932 8,797 10,003
Total liabilities 25,235 53,783 42,580 37,635 34,175
Shareholders’ equity (13,441) 6,300 5,979 6,392 8,315
(Ps. Million) 2020 2019 2018 2017 2016
Profit before Tx (4,528) 20 277 158 (101)
Operating activities 165 4,474 647 1,733 420
Investing activities (1,562) (207) 792 254 (135)
Financing activities (2,152) (2,111) (1,538) (1,607) (997)
Initial cash balance 3,700 1,541 1,643 1,815 2,506
∆ Cash & cash equivalents (3,545) 2,158 (102) 140 (691)
Final cash balance 155 3,700 1,541 1,955 1,815
2020(1) 2019 2018 2017 2016
Total sales growth (53.7%) 3.3% 13.9% 0.0% 9.5%
EBITDA growth (175.5%) 64.5% 27.2% (12.8%) (15.5%)
Gross margin 18.1% 44.2% 45.4% 44.7% 44.6%
Operating margin (45.2%) 7.7% 5.8% 4.7% 5.7%
EBITDA margin (26.4%) 12.5% 7.9% 7.0% 8.0%
Net margin (302.0%) 2.4% (2.1%) (0.6%) 2.0%
2020 2019 2018 2017 2016
#-Total stores 311 430 424 425 406
#-Famsa Mexico stores 265 379 380 377 380
#-Famsa USA stores 19 22 22 22 26
#-Banking branches - 359 378 424 399
2020 2019 2018 2017 2016
Net Debt (Ps. Million) 9,149 5,181 7,216 7,383 8,497
Gross Debt (Ps. Million) 9,304 8,881 8,757 9,026 10,001
Total debt (minus bank deposits) / EBITDA (LTM) (5.4) 3.4 5.6 7.3 7.1
Net Debt (minus bank deposits) / EBITDA (LTM) (5.3) 2.0 4.6 6.0 6.0
Total debt (minus bank deposits) / Equity (0.7) 1.4 1.5 1.4 1.2
(1) Figures as of 2020 do not include the results of Banco Ahorro Famsa S.A., Institución de Banca Múltiple in liquidation (BAFEL).
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