Description of Almacenes Xito S A's Business Segments

The company operates three reportable segments: Colombia, Argentina, and Uruguay. The Colombia segment comprises retail activities under the banners Éxito, Carulla, Surtimax, Super Inter, Surti Mayorista, B2B format, and property development sales. The Argentina segment includes retail operations under the Libertad and Mini Libertad banners. The Uruguay segment consists of retail activities under the Disco, Devoto, and Géant banners. As of December 31, 2024, the company operated 623 stores: 497 in Colombia, 99 in Uruguay, and 27 in Argentina, covering supermarkets, hypermarkets, low-cost, and proximity formats. For the year ended December 31, 2024, Colombia retail sales increased by 2.2% to COP 15,350,761 million, with the Éxito banner accounting for 68% of sales, Carulla 17%, and low-cost and other formats 15%. Omni-channel sales in Colombia grew by 6.5%, representing 14.7% of total retail sales. Argentina retail sales rose by 45.8%, while Uruguay retail sales declined by 3.8%. Consolidated total sales increased by 3.2% to COP 20,864,329 million for the year ended December 31, 2024.

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