wal-mart stores, inc. (nyse: wmt) brett...

Wal-Mart Stores, Inc. (NYSE: WMT)

Brett Biggs EVP and CFO

Walmart International

June 19, 2014

Jefferies Conference

2

Forward Looking Statement

Walmart includes the following cautionary statement so that any forward-looking statements made by, or on behalf of,

Walmart will enjoy the safe harbor protection of the PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, as

amended. Such forward-looking statements, which will describe our objectives, plans, goals, targets or expectations, can

be identified by their use of words or phrases such as “anticipate,” “estimate,” “expect,” “forecast,” “plan,” “projected,” “will

be” or words or phrases of similar import. Statements of our expectations for FY15, and any subsequent fiscal years are

forward-looking. Walmart’s actual results might differ materially from those expressed or implied in a forward-looking

statement as a result of factors including, among others, recessionary economic environment, cost of goods, competitive

pressures, availability of credit, geopolitical conditions and events, labor and healthcare costs, inflation, deflation,

consumer spending patterns, debt levels and credit access, currency exchange fluctuations, trade restrictions, tariff and

freight rate changes, fluctuations in fuel, other energy, transportation and utility costs, health care and other insurance

costs, accident costs, interest rate fluctuations, other capital market conditions, weather conditions, storm-related damage

to facilities, customer traffic, factors limiting our ability to construct, expand or relocate stores, regulatory matters and other

risks set forth in our SEC filings. Our most recent Annual Report on Form 10-K and our other filings with the SEC contain

more information concerning factors that, along with changes in facts, assumptions not being realized or other

circumstances, could cause actual results to differ materially from those expressed or implied in a forward-looking

statement. Walmart undertakes no obligation to update any forward-looking statement to reflect subsequent events.


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Strategic focus on being in good businesses and running them well

Portfolio

Playing in the right

markets

Markets

Channels

Formats

Growth drivers

Operational excellence

Trust as a differentiator

Portfolio

Management

Invest in good

Be the best-in-class operator Be in good businesses

Positioning

formats

Performance

Capturing share

and improving

returns categories

Playing in the

right…

channels


4

Sales growth includes acquisitions, Historical figures as reported.

International has been a significant growth engine for Walmart

$48

$137

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

International sales

growth

10-Yr CAGR

11.1%

$ Billions

Current

operations

Almost 6,500 stores in


26 countries

Multiple formats

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Solid Q1 performance

Operational highlights Growth

(% change from LY)

-1.4%

3.4%

5.3%

Sales Operating Income

FY15 Q1 results shown on constant currency basis

Challenging retail environment

Grew operating income faster than sales

Accelerating e–commerce


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There are elements of “Now, new and always” in each of our key priorities

Drive comp sales

Deliver price leadership

Build a platform for sustainable growth in China

Turn around Brazil

Rejuvenate Mexico

Accelerate e–commerce globally

Be the lowest cost operator

Trust as a differentiator in all markets


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Driving comp sales – redefining UK value retailing

Compelling merchandise

Service and innovation

Price leadership


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Turning around Brazil

Improve underperforming

stores

Drive comp sales

Turn around plan Leadership and talent

Store integration CFO

Flavio Cotini

Merchandising

Adriana Muratore

President & CEO

Guiherme Loureiro

Portfolio

management


HR VP

Ana Paula Santos

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Rejuvenating Mexico

Self service business

Walmex e-commerce

Customer proposition


Sam’s Club

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Accelerating e–commerce globally…

Guided by the customer

Shop in store

In store pick up

“Click & Collect”

Offsite

pick up

Offsite

drive through

Mobile pop up

Delivery to

home


11

Developing growth opportunities ASDA positioned to lead

… by leveraging learnings across markets


12

Environment Community

Trust as a differentiator in all markets

Our associates


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Key takeaways

Focused on key priorities

Driving short-term & long-term performance

Accelerating investment in the integration of physical and digital

Continuing to build management depth and strength

Strengthening trust with our stakeholders


14 Wal-Mart Stores, Inc. (NYSE: WMT)

Q A

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