Carrefour Sa · EURONEXT:CA
Carrefour Sa — Q1 2018 Earnings Presentation
11 slides from Carrefour Sa's earnings presentation, Apr 11, 2018
Slide 1: Q1 2018 Sales
Qi 2018 SALES April 11% 2018 LA CUISINE SANS ROUTINE }
Slide 2: Total Q1 2018 Sales: +2.6% growth at constant exchange rates and dynamic markets
Total Q1 2018 Sales: +2.6% growth at constant exchange rates and dynamic markets CHANGE IN Q1 2018 SALES +0.7% +0.2% +2.6% -5.0% +0.4% +1.3% -3.9% -2.4% -0.1% -0.8% +4.5% €21.3 bn €20.8 bn Q1 2017 France Europe LatAm Asia LFL Calendar Scope Petrol Q1 2018 Forex Q1 2018 ex petrol effect at constant a
Slide 3: Q1 Highlights
Q1 Highlights Less favorable markets overall in Europe, notably due to adverse weather conditions impacting more specifically non-food and hypermarkets Continued sharp food deflation in Brazil Persistently strong competitive pressure in the Group’s main markets Launch of a solid execution dynamic of
Slide 4: “Carrefour 2022” transformation underway
“Carrefour 2022” transformation underway Key actions launched in Q1 2018 Deploy a simplified Numerous partnerships announced throughout the first quarter and open organization Acquisition of a majority stake in the Quitoque startup Discussions initiated in France, Belgium and Argentina to simp
Slide 5: Financial highlights and outlook
Financial highlights and outlook Success of a E350mn bond issue • On March 23, 2018, successful launch of a synthetic €350mn bond (maturity 2024), allowing the Group to refinance its debt in excellent conditions and illustrating the strength of Carrefour’s balance sheet Financial outlook The Group c
Slide 6: By Geographic Area
BY GEOGRAPHIC AREA February 28, 2018 | 6
Slide 7: France: Total sales up 0.9% in a persistently competitive environment
France: Total sales up 0.9% in a persistently competitive environment Total Sales Hypermarkets Supermarkets Other formats France LFL ex petrol ex calendar 1,9% 1,5% Sales inc. VAT (€m) 9,489 4,823 3,098 1,568 0,5% Total variation +0.9% -0.5% +1.5% +4.2% -0,1% -0,9% LFL ex petrol ex calendar* -0.1% -
Slide 8: Europe: Total sales up 2.8% at constant FX, in tough market conditions
Europe: Total sales up 2.8% at constant FX, in tough market conditions Europe Spain Italy Belgium Poland Romania Europe LFL ex petrol ex calendar 3,4% Sales inc. VAT (€m) 5,538 2,204 1,316 1,022 511 486 0,9% 0,6% 0,4% Total variation +2.9% +4.4% -0.9% -0.4% +9.2% +7.4% -0,8% Variation at constant FX
Slide 9: Latin America: Sales up 9.1% at constant FX in a quarter marked by continued food deflation in Brazil
Latin America: Sales up 9.1% at constant FX in a quarter marked by continued food deflation in Brazil LatAm LFL ex petrol ex calendar Carrefour LatAm Brazil Atacadão Argentina Retail 7,8% 6,9% Sales inc. VAT 3,978 3,261 1,164 2,098 717 5,9% (€m) 4,4% 4,5% Total variation -11.9% -11.0% -10.5% -11.3%
Slide 10: Asia: Total sales down 4.5% at constant FX; LFL sales trends unchanged
Asia: Total sales down 4.5% at constant FX; LFL sales trends unchanged Asia China Taiwan Asia LFL ex petrol ex calendar Sales inc. VAT (€m) 1,771 1,248 523 Total variation -10.9% -13.7% -3.4% -3,0% -3,0% Variation at constant FX -4.5% -8.0% +4.6% -3,9% -4,0% -4,7% LFL ex petrol ex calendar* -3.9% -6
Slide 11: Disclaimer
This presentation contains both historical and forward-looking statements. These forward-looking statements are based on Carrefour management's current views and assumptions. Such statements are not guarantees of future performance of the Group. Actual results or performances may differ materially f