Kick-off Meeting December 2010


INTERNATIONAL MEAL COMPANY


4Q15 Results

Recent events



Capital Increase

  • Approved at Extraordinary Shareholders' General Meeting on November 27th, 2015 and ratified by BoD on February 2nd, 2016

  • Issue of 82 million common shares (MEAL3) totaling BRL 328 million



    Mexico Sale

  • Signed on November 23rd, 2015 and Closed on January 29th, 2016

  • 9,35x Adjusted EBITDA 2015

  • Net Debt reduction of approximately BRL 175 million


Puerto Rico & Dominican Republic Sale

  • Signed on January 5th, 2016 and Closed on February 26th , 2016

  • Net Debt reduction of approximately USD 44.7 million


With these 3 projects, we concluded the 1st block of the Company`s Strategy Plan - Deleveraging


2

Simplifying the operations and deleveraging PREVIOUS STRUCTURE CURRENT STRUCTURE


Sale of the Mexico, Puerto Rico and Dominican Republic operations



151

Airport operations


89

Airport

operations Leading player in Brazil and Panama

29

Road operations

191 Casual

29

Road operations

147 Casual

Main Brazilian toll roads (Restaurants and Gas stations)

16

Restaurants USA

Restaurants

Restaurants Main shopping malls

16

USA

Restaurants Margaritaville and Landshark

387 Total Stores 281 Total Stores

7

Countries - Brazil, USA, Panama, Colombia, Puerto Rico, Dominican Republic and Mexico

4

Countries - Brazil, USA, Panama, Colombia

3

Number of Stores


NUMBER OF STORES

(end of period)

4Q15

4Q14

Var. (%)

Var. (#)

Brazil

218

242

-9.9%

-24

Airports

62

79

-21.5%

-17

Roads

29

30

-3.3%

-1

Shopping Malls

127

133

-4.5%

-6

USA

16

14

14.3%

2

Caribbean

47

50

-6.0%

-3

Total Number of Stores

281

306

-8.2%

-25


  • Net decrease of 25 stores in 2015. In 4Q15 5 stores were closed, 3 in Airports, 1 in Malls and 1 in Roads, all linked to loss-making shops closing program and no new stores were opened


  • 10 new stores were opened throughout the year, while 35 stores were closed, consisting of 23 stores in Airports, 6 in Malls, 1 in Roads and 5 in the Caribbean


  • Rigorous analysis process for opening new stores in order to prioritize sustainable growth


4

IMC - International Meal Company Holdings SA issued this content on 23 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 March 2016 03:31:23 UTC

Original Document: http://ri.internationalmealcompany.com/imc/web/download_arquivos.asp?id_arquivo=1422D963-9647-4E70-85D9-5D90CF3D61BB