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    MGLU3   BRMGLUACNOR2

MAGAZINE LUIZA S.A.

(MGLU3)
  Report
Delayed Quote. Delayed Bolsa de Valores de Sao Paulo - 01/21 04:07:41 pm
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Magazine Luiza S A : Dados Econômico-Financeiros

11/19/2021 | 06:14pm EST

Interim Financial Information - ITR

  • Quarterly information September 30, 2021

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

Quarterly information

September 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 value added

11

Notes to the interim financial information

12

2

KPMG Auditores Independentes Ltda.

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 Telephone +55 (11) 3940-1500

kpmg.com.br

Independent auditor's 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 Form (ITR) for the quarter ended September 30, 2021, which comprise the balance sheet as of September 30, 2021 and related statements of income, of comprehensive income for the three- and nine-month periods then ended, of changes in shareholders' equity and of cash flows for the nine-month period 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 Ltda., a Brazilian limited liability company, and member firm of the KPMG global organization of independent member firms licensed of KPMG International Limited, a private English company limited by guarantee.

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 nine-month period ended September 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, November 11, 2021

KPMG Auditores Independentes Ltda.

CRC 2SP014428/O-6

(Original in Portuguese signed by) Marcelle Mayume Komukai Accountant CRC 1SP249703/O-5

KPMG Auditores Independentes Ltda., a Brazilian limited liability company, and member firm of the KPMG global organization of independent member firms licensed of KPMG International Limited, a private English company limited by guarantee.

4

Quarterly information

September 30, 2021

Magazine Luiza S.A.

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

(Amounts expressed in thousands of reais - R$)

Note

Parent company

Consolidated

Assets

09/30/2021

12/31/2020

09/30/2021

12/31/2020

Current assets

134,249

751,223

Cash and cash equivalents

5

1,281,569

1,681,376

Securities

6

1,080,139

1,220,095

1,354,190

1,221,779

Accounts receivable

7

3,788,677

3,460,711

5,427,841

4,761,899

Inventories

8

7,543,685

5,459,037

8,126,343

5,927,236

Accounts receivable from related parties

9

3,205,119

2,661,364

2,824,606

2,329,648

Recoverable taxes

10

1,015,343

594,782

1,148,146

716,118

Other assets

154,117

121,925

241,657

160,754

Total current assets

16,921,329

14,799,483

19,874,006

16,798,810

Non-current assets

-

-

Accounts receivable

7

16,140

16,140

Recoverable taxes

10

1,026,530

740,927

1,077,311

787,934

Deferred income tax and social contribution

11

434,634

164,047

470,702

196,736

Judicial deposits

22

964,404

660,734

1,173,454

843,852

Other assets

4,260

3,703

6,693

6,333

Investments in subsidiaries

12

2,299,387

1,318,347

-

-

Investments in jointly-owned subsidiaries

13

454,526

386,725

454,526

386,725

Right-of-use of leases

14

3,014,600

2,441,539

3,048,365

2,465,514

Property, plant and equipment

15

1,607,077

1,171,758

1,746,769

1,258,162

Intangible assets

16

689,595

593,427

2,697,674

1,886,997

Total non-current assets

10,495,013

7,497,347

10,675,494

7,848,393

Total assets

27,416,342

22,296,830

30,549,500

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 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 23:13:01 UTC.


© Publicnow 2021
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Sales 2021 36 529 M 6 693 M 6 693 M
Net income 2021 534 M 97,9 M 97,9 M
Net cash 2021 172 M 31,5 M 31,5 M
P/E ratio 2021 91,6x
Yield 2021 0,20%
Capitalization 45 560 M 8 414 M 8 348 M
EV / Sales 2021 1,24x
EV / Sales 2022 0,96x
Nbr of Employees 40 000
Free-Float 43,2%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 6,90 BRL
Average target price 16,84 BRL
Spread / Average Target 144%
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