October, 2017

Corporate Responsibility (BMV: Walmex)

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This presentation is property of Wal-Mart de México de S.A.B. de C.V. and is intended for the use of the company’s shareholders and the investment community. It should not be reproduced in any way.

This presentation may contain certain references concerning Wal-Mart de México S.A.B. de C.V’s future performance that should be considered as good faith estimates made by the Company.

These references only reflect management expectations and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance.

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Índice

Our Strategy 4

CR Evolution 7

Environment 12

Social 17

Corporate Governance 26

Recognitions 31

References 35

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Our Strategy

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CR Strategy | Pillars

Creating opportunities for our associates and

suppliers

Commitment with our community and

clients

Best Practices in Corporate

Governance

Environmental sustainability in our

operations and supply chain

Corporate Responsibility for Walmex is acting with integrity according to our core values in our everyday operations and in our different environmental, social and corporate “ESG” actions that generate value to our stakeholders.

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Corporate Responsibility | Vision

SHARED VALUE

Community

Customer Shareholders

Associates Environment

for all our stakeholders

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CR Evolution at Walmex

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CR Evolution at Walmex

1st Report elaborated with self declared GRI G3 “C” guidelines

Sustainable Strategy created

Corporate Social Responsibility Award

granted by Cemefi

1st Corporate Responsibility Report

2000

2003

2004

2006

2009

1st Materiality Study MX and Central America

Matriz de materialidad

Impacto en la estrategia

Rel

evan

cia

de g

rupo

s de

inte

rés

+-

+

-

Fundación Walmart de México, A.C. founded

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CR Evolution at Walmex

1er Report with external verification

1st Integrated Report

First year included in Sustainability Index of

Mexican Stock Exchange

2010

2011

2014

2016

2017

2nd Materiality Study MX-CAM Walmart México acquires

100% of Walmart Centroamérica

GRI G4, “Exhaustive” Materiality Disclosures

Included in FTSE4Good Emerging Index

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Constant and continuous growth

624

869

400450500550600650700750800850900

2012 2016

Donations channeled to communities

(Mx$ Millions)

980 1,117

0

200

400

600

800

1,000

1,200

2012 2016

Investment in sustainable initiatives (Mx$ Millions)

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Materiality

100

0

50

Relev

ance

50 100 Maturity

Material Strategies Important Waste Human Rights

Energy Dialogue with stakeholders

Supply Chain Development Biodiversity

Water Commitment with local communities

Associate Development Ethics and compliance/ anticorruption

Employment and Work Conditions

Occupational health and safety

Corporate Governance Crisis and risk management

Diversity and equal opportunities Non-Material

Emissions Climate Change

Supply chain assessment Customer Privacy

Customer service and protection

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Environment

13

Running our business in a more sustainable way

Generate zero wastes

Offer our customers sustainable products

100% energy use from renewable sources

10 years of achievements Reduce the environmental impact of our operations

2025 objectives

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Consumption intensity per m2

32.6 31.8 32.7 31.8

38.1

20.025.030.035.040.0

2008 2010 2012 2014 2016

GEI Emissions (tons CO2 eq / thousand m2)

Energy (kWh / m2)

Waste generation (kg / m2)

243 226

200 166

137

100150200250300

2008 2010 2012 2014 2016

243

226 235

221 227

200210220230240250

2008 2010 2012 2014 2016

Water (l / m2)

1,048

948 1,000

840

901

800

900

1,000

1,100

2008 2010 2012 2014 2016

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Progress in sustainability

01

07

04

03

05

72% of our stores in Mexico supplied with renewable energy

02

06

14% reduction In carbon emission in absolute terms despite the doubling in size of the sales floor

11% drop in energy intensity by m2 of construction

3 billion pesos economic value of our initiatives

16% reduction in our water use per m2 of construction

2 million tons of waste are no longer sent to sanitary landfills or disposal sites

73% of wastes generated are either recycled or reused

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Initiatives to reduce our environmental print

Emissions Wastes Energy

• Risks and opportunities detection due to climate change

• Development of energy-efficiency projects

• We are the only self-service company in Mexico member of the supply chain Carbon Disclosure Project

Strategy for Organic Wastes

• Reduction of organic wastes

• Donations of food produts for human consumption

• Cattle feed to be used as animal feed

• Composting with food waste not suitable for consumption

• Sanitary landfill as last resource

• Leading retailer in use of renewable energy

• 5 wind farms and 2 hydroelectric plants

• Implementation of technological initiatives secondary measurement installed for electricity use in refrigeration, lighting, and air conditioning

Water

• Develop plans to reduce consumption

• Campaigns to detect and repair leaks

• Expand our Program for Wastewater Treatment Plants

• Water stress analysis

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Social

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Our social approach has 3 areas

Suppliers Associates Community

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Our Associates

Integrity, respect for the individual, customer service, and pursuit of excellence

Our Values

Designed according to the functions of staff and operations associates of every level

Development Programs

110.2 million pesos invested 2.6 million hours

Training

192,434 in Mexico 36,420 in Central America

228,854 associates

33% women Executives

49% women 27,012 promotions

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Diversity and Inclusion

DIVERSITY AND INCLUSION Key factor in the growth of our company. We bet on talent. Our differences make us unique.

POLICY ON EQUALITY AND INCLUSION

Meant to ensure equal opportunities and non-discrimination.

CONSEJO CONSULTIVO DE DIVERSIDAD E INCLUSIÓN

Team of leaders in charge of promoting strategies and initiatives that will identify, develop, and foster in the company diverse talent generating an inclusive environment.

TALENT

We are a labor force rich in experiences, capabilities, and results and we demonstrate it by continuously generating actions that promote equal opportunities.

TRAINING

In 2016, we trained 17,003 associates in Diversity and Inclusion.

CERTIFICATION

We received the certification with Mexican Law on Labor Equality and Non-Discrimination by the Secretary of Labor.

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Focused on our associates’ wellbeing

Health and Safety - Safety is our maximum priority - Zero accidents is our goals - 390,417 training sessions for

associates - 10% of our total headcount

participates in safety brigades

Work-life Balance - Healthy, collaborative, and flexible

workplace - 849 education, services, and

education agreements - 7,754 quality-of-life transfers - Programs of financial, psychological,

and legal advisory for our associates and their families

Labor Standards - Work environment with trust and

respect for human dignity - Open communication - Higher wages than established by law - Freedom of association - Zero tolerance for child and/or forced

labor - Non discrimination

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Our suppliers

To December 31, 2016

Suppliers 22,597 Merchandise purchased in Mexico 93% Merchandise purchased in Central America 93% Small suppliers developed 17,629 SME Suppliers in Mexico 87%

Suppliers Development Our development platforms are

designed according to the nature of the suppliers so as to equip them with the know-how and experience needed

to become suppliers, to achieve permanence and sustainable growth

with us, and to increase their capacity to grow into other markets.

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Responsible Sourcing

Objective: ensure that suppliers have responsible practices

Responsible Sourcing Audits are not announced and conducted by third parties. Frequency is based on previous findings

Suppliers Standards outlines minimum operating standards expected of our suppliers as it pertains to ethical treatment, occupational safety, environmental

responsibility, among others

We provide resources and training to our associates and suppliers

100% of vendor agreements contain Standards for Suppliers

1,173 environmental, social, and safety audits to our suppliers

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Our strategy is aligned with our business, this year we financed projects to improve the development of small suppliers and food security

869 million pesos channeled

1.5 million beneficiaries

196 NGOs supported

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Our Community Programs

Small Suppliers 17,629 small suppliers developed 50 million pesos in sales in Mexico

Valuable Neighbor 2,465 volunteer activities 113,411 voluntary participations

Food Security 894,671 beneficiaries 70% of children helped reached normal nutrition levels

Support during natural disasters 13,405 beneficiaries in Mexico 278 associates benefited

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Corporate Governance

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Corporate Governance Our company is built on the foundations of integrity and the highest standards of ethics, and we always

guarantee strict adherence to the legislation in all the countries where we operate.

Board of Directors

Member since

Enrique Ostalé 2013 Adolfo Cerezo * 2012 Ernesto Cervera * 2014 Lori Flees 2016 Guilherme Loureiro 2016 Rafael Matute * 1998 Richard Mayfield 2015 Anne Myong 2016 Roberto Newell * 2014 Gisel Ruiz 2016 Blanca Treviño * 2006

Name

Independent Directors

36%

45%

Women

*Independent

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Establishing long-term vision and strategic priorities that are based on what is best for our customers, our business, and society in general.

Analyzing risks and internally identifying opportunities that arise so as to improve our performance.

Supporting the consolidation of structural changes, and establishing action plans, indicators, policies, and procedures.

Leading the Company towards national and international trends aimed at maintaining our leadership position.

Primary Responsibilities

The CEO presides over the Committee, whose members include the Vice Presidents for each of the areas of the Company. Their involvement is fundamental to strengthening Corporate Responsibility and to ensuring our commitment to

always doing the right thing in social, environmental, and governance issues.

Corporate Responsibility Committee

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Statement of Ethics

Alcohol and drug-free workplace

Conflicts of interest

Proper use of company assets

Anticorruption

Discrimination and harassment prevention

Financial Investments

Fair trade and fair dealings

Protecting personal and business information

Anti-money Laundering Policy

Wages and Schedules

Gift and entertainment policy

Financial integrity

Restricted trade practices

Environmental responsibility

MAI

N T

OPI

CS

We trained our operations and staff associates, covering 85% and 90% respectively

Retaliation against associates who raise

concerns against misconduct will not be

tolerated.

INTERNAL COMMUNICATION MECHANISMS

-Open Door Communication Process.

-Global Ethics Helpline, available to associates 24 hours a day, seven days a

week. Staffed by an organization not affiliated to

Walmart.

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Compliance Program

Anticorruption

Antitrust

International Trade

Licenses and permits

Environment

Anti-money Laundering

Privacy

Consumer Protection

Responsible Sourcing

Health and well-being

Health and safety

Food Safety

Product Safety

Work and Employment

14 A

REA

S

Committed with the highest ethical standards and to the

strict adherence to the legislation in force in all the countries where we operate.

Ongoing training to our associates, third-party

intermediaries and commercial partners, as well as the

incorporation of compliance indicators for top management- with impact in their performance

evaluation In 2016, anticorruption trained over 38,800 associates and over 1,200 suppliers.

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Recognitions

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Awards

Corporate Social Responsibility

granted by Cemefi for the 17th consecutive

year

Member of the Sustainability Index

for the Mexican Stock Exchange for the 6th

consecutive year

Member of FTSE4GoodEmerging Index for the 1st year

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Sustainable companies growing above the market 20

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2013

2014

2015

2016

2017

*

Comparison of IPC vs Sustainable IPC (Base: End 2011 = 100)

IPCSustainable IPC 152.0

134.5

*At the end of 1S17 Source: Bloomberg

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Walmex member of the Sustainable IPC for the 5th consecutive year

8

5

4

4

4

3

2

30 Issuers

Consumer Staples

Finance

Consumer Discretionary

Industrial

Materials

Health, Construction, Energy

Telecommunications

Source: Bloomberg

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References

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Walmex References

Investor Relations: www.walmex.mx

Corporate: www.walmartmexicoycam.com.mx

Sales:

www.superama.com.mx www.walmart.com.mx www.sams.com.mx