1

Conference Call and Webcast – 2Q16 and 1S16 Results

2

2Q16 and 1S16 Results

Gross Revenue

Gross Revenue / Net Revenue

+1.2%

1S16

9,400

1S15

9,291

1S16

5,348

1S15

4,929

+8.5%

PARENT COMPANY CONSOLIDATED

PARENT COMPANY

R$ 10.1 billion Gross Merchandise Volume

3Q14

114.4%

1S14

115.4%

4Q13

115.9%

3Q13

115.4%

1S13

116.2%

114.1%

1S16

116.5%

4Q15

114.3%

3Q15

114.0%

1S15

114.1%

4Q14

Tax changes that took place in 2016 impacted

the relationship between GR and NR;

Growth in “same stores” gross revenue was

6.3% in 1S16

3

1S16 RESULTS

R$ 834.1 MM +22.4%

R$ 1,120.1 MM +17.4%

“We Always Want More”

18.2% da RL +2.4 p.p.

14.2% da RL +2.4 p.p.

EBITDA

RE

SIL

IEN

CE

CA

SH

FL

OW

GE

NE

RA

TIO

N Margem EBITDA

834

682

574501

445353

26414.8

11.3

1S12

13.2

1S10

14.8

1S11 1S16

18.2

1S15

15.8

1S14

14.9

1S13

954

803

664578582

484

11.5

1S11

11.8

1S12 1S14

1,120

14.2

1S13 1S16

11.8

1S15

11.4 11.5

1S10

12.4

CONSOLIDATED

CONSOLIDATED PARENT COMPANY

PARENT COMPANY

+21.2%

CAGR +15.0%

CAGR

CONSOLIDATED PARENT COMPANY

Aj. Ebitda Margin. (% NR) Aj. Ebitda (R$ MM)

4

GROWTH PROFIABILITY

+AQUI: Launch of new

financial products/ services

Operational Efficiency

Evolution of logistics,

pricing and private label

projetcs

+800 Stores until 2019

+AQUI

Private Label

LOJAS AMERICANAS – BALANCE OF THE VARIABLES

5

FINANCIAL PRODUCTS AND SERVICES TO LOJAS AMERICANAS CLIENTS

Gift Card Credit Card Licensed Cards

422

304

183

6221

+401

2Q16 1Q16 4Q15 3Q15 2Q15

Increase in Sales

Games, Softwares and Services

Partnership with Blackhawk Networks

Total Cards Issued (Thousand)

6

Get closer with the

suppliers

Recast of the

assortment

Quality: excelent

cost-benefit

Exclusive

advantages with +AQUI card

Expansion of

the apparel

department

APPAREL DEPARTAMENT

7

Commitment with sustainability and social responsibility

1st place in retail by Época Negócios 360° award;

Most valuable brand in Brazilian reatail market by IstoÉ

Dinheiro;

Retail Company with best reputation.

INITIATIVES AND RECOGNITION

8

B2W DIGITAL – 2Q16

NEW CLIENTS¹

+330

Thousand

MARKET SHARE¹ (%)

25.4% +0.6 p.p.

MOBILE (% Traffic)

49.0% +17.1 p.p.

MARKETPLACE (% Total GMV)

15.9% +9.1 p.p.

TOTAL GMV (R$)

2,500 MM +7.2%

MARKETPLACE GMV (R$)

398 MM +151.9%

Marketplace GMV LTM¹: R$ 1.4 Billion (+324%)

1 Last twelve months 8

9

Conference Call And Webcast –

2Q16 and 1S16 Results

Investor Relations

http://ri.lasa.com.br/en investidores@lasa.com.br

Tel.: + 55 (21) 2206-6708

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.

Adjusted EBITDA - Operating profit before interest, taxes, depreciation and amortization, other operating income/expenses, equity accounting and minority participation