Ripley Corp (RIPLEY) Corporate presentation summary

Key financial and operational highlights

• Generated $2.2 billion in revenues and managed $4.0 billion in assets, with $1.3 billion in loan portfolio and $591 million GMV online over the last twelve months.

• Operates 78 stores and 7 distribution centers across Chile and Peru, with 8 malls totaling over 411,000 m² GLA and nearly 1.3 million active credit cards.

• Achieved a 25.6% gross margin in 1Q24, up 262 bps, driven by inventory quality improvements, efficiency plans, and increased own-brand participation.

• Reduced inventory days by 14 in Chile and 7 in Peru in 2023, supporting margin improvements into 2024.

• Digital sales remain strong, with online GMV at 27.2% penetration and marketplace sales representing 16% of online volume.

Strategic pillars and growth initiatives

• Focused on profitability through $30 billion CLP efficiency plans, technology upgrades, and higher own-brand sales.

• Growth supported by new store openings in Peru, maturing malls, and initiatives to boost visits, conversion, and average ticket.

• Enhanced customer experience with improved logistics, faster deliveries, and award-winning digital banking and ecommerce platforms.

• Sustainability efforts include 68.5% of own-brand apparel with sustainable attributes and renewable energy certification.

Retail segment performance

• Increased store visits and conversion rates through new locations, impactful events, and improved merchandise quality.

• Investments in store layout and lighting to enhance visibility and conversion for own brands, especially in women's fashion.

• Revenue management tools and inventory controls contributed to gross margin gains.