GRUPO ELEKTRA, S.A. DE C.V. AND SUBSIDIARIES MILLIONS OF MEXICAN PESOS OF SEPTEMBER 30, 2005 PURCHASING POWER 3Q04 3Q05 Change QUARTERLY CONSOLIDATED INCOME STATEMENTS Commercial Revenues 70% 4,394 59% 4,439 45 1% Financial Revenues 30% 1,867 41% 3,132 1,265 68% Total Revenues 100% 6,261 100% 7,571 1,310 21% Commercial Cost 48% 3,019 39% 2,917 (102) -3% Financial Cost 7% 445 13% 947 503 n.m. Total Cost 55% 3,463 51% 3,864 400 12% Gross Profit 45% 2,798 49% 3,707 910 33% Selling, General & Administrative Expenses 29% 1,825 32% 2,388 562 31% Depreciation and Amortization 5% 284 5% 351 68 24% Total Operating Expenses 34% 2,109 36% 2,739 630 30% Operating Income 11% 689 13% 969 279 41% EBITDA * 16% 972 17% 1,319 347 36% Comprehensive Cost of Financing: Interest income 1% 35 3% 201 165 n.m. Interest expense -3% (166) -3% (208) (42) 25% Gain (loss) in Foreign exchange 0% 10 0% 5 (6) -55% Monetary gain 0% 9 0% 25 17 n.m. Gain (loss) in Equity Swaps (a) 2% 96 0% (16) (112) n.a. 0% (16) 0% 7 23 n.a. Income before taxes 11% 674 13% 976 302 45% Provision for taxes -2% (109) -2% (180) (71) 65% Equity in income of CASA (TV Azteca) 0% 18 0% 25 7 39% Income of majority stockholders 9% 583 11% 821 238 41% * EBITDA = Operating Income + Depreciation and amortization + Monetary loss - Monetary gain GRUPO ELEKTRA, S.A. DE C.V. AND SUBSIDIARIES MILLIONS OF MEXICAN PESOS OF SEPTEMBER 30, 2005 PURCHASING POWER 3Q04 3Q05 Change ACCUMULATED CONSOLIDATED INCOME STATEMENTS Commercial Revenues 73% 13,490 61% 13,839 349 3% Financial Revenues 27% 4,999 39% 8,699 3,700 74% Total Revenues 100% 18,489 100% 22,538 4,049 22% Commercial Cost 50% 9,244 42% 9,456 212 2% Financial Cost 6% 1,119 12% 2,598 1,479 n.m. Total Cost 56% 10,363 53% 12,054 1,691 16% Gross Profit 44% 8,126 47% 10,484 2,358 29% Selling, General & Administrative Expenses 29% 5,282 31% 6,957 1,675 32% Depreciation and Amortization 4% 786 4% 988 201 26% Total Operating Expenses 33% 6,069 35% 7,945 1,876 31% Operating Income 11% 2,057 11% 2,539 481 23% EBITDA * 15% 2,842 16% 3,525 684 24% Comprehensive Cost of Financing: Interest income 0% 89 1% 258 168 189% Interest expense -4% (668) -2% (551) 116 -17% Gain (loss) in Foreign exchange 0% 42 -1% (125) (167) n.a. Monetary gain 0% 32 0% 53 21 66% Gain (loss) in Equity Swaps (a) 1% 169 -2% (350) (519) n.a. -2% (335) -3% (715) (380) n.m. Income before taxes 9% 1,722 8% 1,824 101 6% Provision for taxes -2% (304) -2% (440) (136) 45% Equity in income of CASA (TV Azteca) 0% 18 1% 316 298 n.m. Income of majority stockholders 0% 18 1% 316 298 n.m. Last Twelve Months EBITDA 3,941 4,878 937 24% Last Twelve Months Net Income 1,873 2,167 294 16% * EBITDA = Operating Income + Depreciation and amortization + Monetary loss - Monetary gain GRUPO ELEKTRA, S.A. DE C.V. AND SUBSIDIARIES MILLIONS OF MEXICAN PESOS OF SEPTEMBER 30, 2005 PURCHASING POWER 3Q04 CONSOLIDATED BALANCE SHEET Commercial Financial Grupo Division Division Elektra Cash 274 693 967 Marketable Securities and Investments 3,019 8,039 11,058 Commercial Loans -- 2,294 2,294 Consumer Loans 455 7,073 7,529 Mortgage Loans 16 16 Performing Loan Portfolio 455 9,384 9,839 Past due Commercial Loans -- 8 8 Past due Consumer Loans -- 237 237 Total Past-due Loans -- 245 245 Gross Loan Portfolio 455 9,629 10,084 Allowance for bad Loans 41 576 617 Total Net Loan Portfolio 414 9,052 9,467 Other Current Assets 612 415 1,027 Inventory 3,208 -- 3,208 Current assets 7,527 18,200 25,727 Investment in Shares 980 5 985 Goodwill 1,346 -- 1,346 Fixed Assets 4,173 687 4,861 Other Assets 575 130 705 TOTAL ASSETS 14,600 19,022 33,623 Demand Deposits -- 15,694 15,694 Short-Term Bank Debt 1,182 -- 1,182 Capitalized Lease Obligations 51 -- 51 Short-Term Liabilities with Financial Cost 1,233 -- 1,233 Suppliers and Other Short-Term Liabilities 3,149 495 3,645 Short-Term Liabilities without Financial Cost 3,149 495 3,645 Total Short-Term Liabilities 4,383 16,190 20,572 Long-Term Bank Debt 2,691 -- 2,691 Capitalized Lease Obligations -- -- - Long-term Liabilities with Financial Cost 2,691 -- 2,691 Long-term Liabilities Without Financial Cost 1,054 1,626 2,681 Total Long-Term Liabilities 3,746 1,626 5,372 TOTAL LIABILITIES 8,128 17,816 25,944 Stockholders' Equity 6,472 1,206 7,678 LIABILITIES + EQUITY 14,600 19,022 33,623 Commercial Financial Grupo Division Division Elektra Cash 582 1,559 2,141 Marketable Securities and Investments 4,561 13,605 18,167 Commercial Loans -- 3,700 3,700 Consumer Loans 713 9,786 10,499 Mortgage Loans -- 149 149 Performing Loan Portfolio 713 13,635 14,348 Past due Commercial Loans -- 9 9 Past due Consumer Loans -- 649 649 Total Past-due Loans -- 658 658 Gross Loan Portfolio 713 14,293 15,006 Allowance for bad Loans 98 1,027 1,126 Total Net Loan Portfolio 614 13,266 13,880 Other Current Assets 510 756 1,266 Inventory 2,731 -- 2,731 Current assets 8,999 29,186 38,185 Investment in Shares 1,130 15 1,145 Goodwill 771 -- 771 Fixed Assets 4,210 931 5,141 Other Assets 591 232 823 TOTAL ASSETS 15,701 30,365 46,065 Demand Deposits - 24,115 24,115 Short-Term Bank Debt 1,007 -- 1,007 Capitalized Lease Obligations -- -- -- Short-Term Liabilities with Financial Cost 1,007 -- 1,007 Suppliers and Other Short-Term Liabilities 4,287 1,334 5,620 Short-Term Liabilities without Financial Cost 4,287 1,334 5,620 Total Short-Term Liabilities 5,294 25,449 30,743 Long-Term Bank Debt 2,600 -- 2,600 Capitalized Lease Obligations -- -- -- Long-term Liabilities with Financial Cost 2,600 -- 2,600 Long-term Liabilities Without Financial Cost 1,601 2,303 3,903 Total Long-Term Liabilities 4,201 2,303 6,503 TOTAL LIABILITIES 9,494 27,752 37,246 Stockholders' Equity 6,206 2,613 8,819 LIABILITIES + EQUITY 15,701 30,365 46,065 Change Cash 1,174 n.m. Marketable Securities and Investments 7,108 64% Commercial Loans 1,406 61% Consumer Loans 2,970 39% Mortgage Loans 133 n.m. Performing Loan Portfolio 4,509 46% Past due Commercial Loans 1 17% Past due Consumer Loans 412 n.m. Total Past-due Loans 413 n.m. Gross Loan Portfolio 4,922 49% Allowance for bad Loans 508 82% Total Net Loan Portfolio 4,414 47% Other Current Assets 239 23% Inventory (477) -15% Current assets 12,459 48% Investment in Shares 160 16% Goodwill (575) -43% Fixed Assets 281 6% Other Assets 118 17% TOTAL ASSETS 12,443 37% Demand Deposits 8,421 54% Short-Term Bank Debt (175) -15% Capitalized Lease Obligations (51) -100% Short-Term Liabilities with Financial Cost (226) -18% Suppliers and Other Short-Term Liabilities 1,975 54% Short-Term Liabilities without Financial Cost 1,975 54% Total Short-Term Liabilities 10,170 49% Long-Term Bank Debt (91) -3% Capitalized Lease Obligations -- n.m. Long-term Liabilities with Financial Cost (91) -3% Long-term Liabilities Without Financial Cost 1,223 46% Total Long-Term Liabilities 1,132 21% TOTAL LIABILITIES 11,302 44% Stockholders' Equity 1,141 15% LIABILITIES + EQUITY 12,443 37% GRUPO ELEKTRA, S.A. DE C.V. AND SUBSIDIARIES MILLIONS OF MEXICAN PESOS OF SEPTEMBER 30, 2005 PURCHASING POWER 3Q04 3Q05 Change INFRASTRUCTURE Grupo Elektra Number of Stores Elektra Mexico 71% 676 73% 741 65 10% Elektra Latin America 8% 74 8% 82 8 11% Bodega de Remates 9% 84 8% 81 (3) -4% Salinas y Rocha 9% 85 7% 73 (12) -14% Elektricity 3% 28 4% 45 17 61% TOTAL 100% 947 100% 1,022 75 8% Floor Space (m2) Elektra Mexico 72% 502,725 75% 579,302 76,578 15% Elektra Latin America 9% 59,678 9% 68,233 8,555 14% Bodega de Remates 6% 44,146 6% 42,597 (1,549) -4% Salinas y Rocha 12% 84,506 9% 70,150 (14,356) -17% Elektricity 1% 5,050 1% 10,649 5,599 111% TOTAL 100% 696,105 100% 770,931 74,826 11% Banco Azteca Branches Branches in Grupo Elektra Stores 64% 873 65% 940 67 8% Freestanding Branches 1% 16 3% 49 33 206% Branches in Other non Grupo Elektra Stores 35% 479 31% 447 (32) -7% Panama - - 1% 8 8 n.m. TOTAL 100% 1,368 100% 1,444 76 6% Employees Commercial Employees 51% 13,211 49% 16,468 3,257 25% Financial Employees 49% 12,698 51% 17,313 4,615 36% TOTAL 100% 25,909 100% 33,781 7,872 30% OPERATIONAL AND FINANCIAL RATIOS ELEKTRA* SHARE MARKET RATIOS Weighted Average of Shares Outstanding (000) 237,488 239,793 2,306 1% LTM Earnings per Share (a) 7.89 9.04 1.15 15% Earnings per Share (6 months) 6.05 7.09 1.04 17% LTM Price Earnings ( P / E ) (a) 9.70 x 8.95 x (0.75) -8% LTM Firm Value / EBITDA (FV / EBITDA) (b) 6.51 x 5.64 x (0.86) -13% Price Book Value ( P / BV ) 2.53 x 2.45 x (0.08) -3% Price of Elektra * Share (Mexican Stock Exchange) 76.48 80.85 4.37 6% (a) Last Twelve Months Net Income (b) Last Twelve Months EBITDA