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2020 ANNUAL REPORT

formats AND BRANDS

* Includes DAX, Sanborns Home&Fashion, Sanborns Café restaurants and Saks Fifth Avenue.
** Others include one Sears store in El Salvador, Claroshop and two shopping malls.

Grupo Sanborns has a wide geographic presence centered primarily in Mexico. Through our network of stores we are present in 62 cities in Mexico.

Sales contribution by subsidiary
Million pesos

SEARS and Boutiques
17,717
Sanborns
10,528
Mixup and iShop
10,735
Other and elimination
633
39,613
Million pesos

EBITDA contribution by subsidiary
Million pesos

SEARS and Boutiques
1,486
Sanborns
73
Mixup and iShop
433
Other and elimination
50
2,041
Million pesos

* For 2018 and 2019 Other Income in the amount of $85 million pesos was not considered; for 2020 Other Income in the amount of $1,470 million pesos was not considered; for 2018 and 2019 Other Income in the amount of $115 million pesos and $73 million pesos, respectively, was not considered; for 2020 $45 million pesos from the devaluation of investment properties and real estate was not considered.
For 2020, $1,489 million pesos in the valuation of labor obligations from the change in the employees’ pension plan and $26 million pesos for the reversion of depreciation were not considered. See conciliation of the EBITDA in Note 27 of the Financial Statements.

Total SALES
Million pesos

51,755
18
53,288
19
39,613
20

Gross PROFIT
Million pesos

20,125
18
20,334
19
13,609
20
% gross margin
38.9%
38.2%
34.4%

Operating INCOME
Million pesos

5,223
18
4,699
19
1,681
20
% operating margin
10.1%
8.8%
4.2%

EBITDA*
Million pesos

7,201
18
6,789
19
2,041
20
% EBITDA margin
13.9%
12.7%
5.2%

Number of Grupo Sanborns own cards
Million

4.16
18
4.41
19
4.48
20