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    MGLU3   BRMGLUACNOR2

MAGAZINE LUIZA S.A.

(MGLU3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 10/21
12.41 BRL   -6.34%
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Magazine Luiza S A : Dados Econômico-Financeiros

08/19/2021 | 06:04pm EDT

Interim Financial Information ‐ ITR

  • Quarterly information June 30, 2020

(A translation of the original report in Portuguese containing financial statements prepared in accordance with the Accounting Practices adopted in Brazil)

Quarterly information

June 30, 2021

Contents

Independent auditor's report on review of the interim financial information

3

Balance sheets

5

Statements of income

7

Statements of comprehensive income

8

Statements of changes in shareholders' equity

9

Statements of cash flows

10

Statements of added value

11

Notes to the interim financial information

12

2

KPMG Auditores Independentes

Rua Arquiteto Olavo Redig de Campos, 105, 6º andar - Torre A 04711-904 - São Paulo/SP - Brazil

Caixa Postal 79518 - CEP 04707-970 - São Paulo/SP - Brazil Tel. +55 (11) 3940-1500, Fax +55 (11) 3940-1501 www.kpmg.com.br

Independent auditors' report on quarterly information

To the Shareholders, Board Members and Directors of

Magazine Luiza S.A.

Franca - SP

Introduction

We have reviewed the individual and consolidated interim financial information of Magazine Luiza S.A. ("Company"), contained in the Quarterly Information (ITR) Form for the quarter ended June 30, 2021, which comprises the balance sheet as of June 30, 2021 and related statements of income, comprehensive income for the 3 and 6-month period then ended, changes in shareholders' equity and of cash flows for the quarter then ended, including the explanatory notes.

The Company's Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with CPC 21(R1) and International Standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of this information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this individual and consolidated interim financial information based on our review.

Scope of the review

We conducted our review in accordance with the Brazilian and international review standards for interim information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists in asking questions, chiefly to the persons in charge of financial and accounting affairs, and in applying analytical procedures and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

3

Conclusion on the individual and consolidated interim information

Based on our review, we are not aware of any facts that would lead us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of Quarterly Information - ITR, and presented in a manner consistent with the standards issued by the Securities Commission.

Other matters - Statements of added value

The aforementioned interim quarterly information includes the individual and consolidated statements of added value for the six-month period ended June 30, 2021, prepared under responsibility of Company's Management, and presented as supplementary information for IAS 34 purposes. These statements have been subject to review procedures performed in conjunction with the review of the quarterly information, in order to determine whether they are reconciled with the interim financial information and book records, as applicable, and whether their form and content are in accordance with the criteria defined in Technical Pronouncement CPC 09 - Statement of Added Value. Based on our review, we are not aware of any facts that may lead us to believe that these statements of added value have not been prepared, in all material respects, in accordance with the criteria set forth in this Standard and consistently with respect to the individual and consolidated interim financial information taken as a whole.

São Paulo, August 12, 2021

KPMG Auditores Independentes

CRC 2SP014428/O-6

(Original in Portuguese signed by)

Marcelle Mayume Komukai

Accountant CRC 1SP249703/O-5

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

4

Quarterly information

June 30, 2021

Magazine Luiza S.A.

Balance sheets at June 30, 2021 and December 31, 2020

(Amounts expressed in thousands of reais - R$)

Note

Parent company

Consolidated

Assets

06/30/2021

12/31/2020

06/30/2021

12/31/2020

Current assets

697,878

1,288,341

Cash and cash equivalents

5

1,281,569

1,681,376

Securities

6

468,306

1,220,095

468,466

1,221,779

Accounts receivable

7

2,647,465

3,460,711

3,779,102

4,761,899

Inventories

8

6,996,980

5,459,037

7,496,866

5,927,236

Accounts receivable from related parties

9

1,952,075

2,661,364

1,747,212

2,329,648

Recoverable taxes

10

868,689

594,782

976,377

716,118

Other assets

143,093

121,925

236,727

160,754

Total current assets

13,774,486

14,799,483

15,993,091

16,798,810

Non-current assets

15,183

15,183

Accounts receivable

7

16,140

16,140

Recoverable taxes

10

626,937

740,927

680,235

787,934

Deferred income tax and social contribution

11

238,887

164,047

270,753

196,736

Judicial deposits

22

879,422

660,734

1,139,140

843,852

Other assets

5,297

3,703

7,730

6,333

Investments in subsidiaries

12

1,856,439

1,318,347

-

-

Investments in jointly-owned subsidiaries

13

411,734

386,725

411,734

386,725

Right-of-use of leases

14

2,908,416

2,441,539

2,945,565

2,465,514

Property, plant and equipment

15

1,376,019

1,171,758

1,460,834

1,258,162

Intangible assets

16

667,742

593,427

2,141,924

1,886,997

Total non-current assets

8,986,076

7,497,347

9,073,098

7,848,393

Total assets

22,760,562

22,296,830

25,066,189

24,647,203

See the accompanying notes to the interim financial information.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Magazine Luiza SA published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 22:03:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 37 579 M 6 639 M 6 639 M
Net income 2021 791 M 140 M 140 M
Net cash 2021 2 519 M 445 M 445 M
P/E ratio 2021 124x
Yield 2021 0,24%
Capitalization 82 262 M 14 543 M 14 532 M
EV / Sales 2021 2,12x
EV / Sales 2022 1,70x
Nbr of Employees 40 000
Free-Float 42,5%
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Technical analysis trends MAGAZINE LUIZA S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 12,41 BRL
Average target price 26,51 BRL
Spread / Average Target 114%
EPS Revisions
Managers and Directors
Frederico Trajano Inácio Rodrigues Chief Executive Officer
Roberto Bellissimo Rodrigues Chief Financial Officer & IR Officer
Luiza Helena Trajano Inácio Rodrigues Chairman
André Luiz de Souza Fatala Chief Technology Officer
Fabrício Bittar Garcia Vice President-Operations & Commercial
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