Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q3 2025 Earnings Presentation
30 slides from Koninklijke Ahold Delhaize's earnings presentation, Nov 5, 2025
Slide 1: Q3 2025 results welcome
Q3 2025 results welcome November 5, 2025 3
Slide 2: Cautionary notice
cautionary notice This communication includes forward-looking statements. All statements other than competitive labor markets, changes in labor conditions and labor disruptions; statements of historical facts may be forward-looking statements. Forward-looking increases in costs associated with the C
Slide 3: Q3 2025 welcome
Q3 2025 welcome 3 Ahold Delhaize – Q3 2025
Slide 4: Speakers
speakers Frans Jolanda JP Muller Poots-Bijl O’Meara President & Chief Executive Officer Chief Financial Officer SVP Investor Relations 4 Ahold Delhaize – Q3 2025
Slide 5: Ahold Delhaize reports strong Q3 performance
• Through our family of great local brands, we have a strong understanding of what matters most to our customers. By Ahold Delhaize making investments in pricing, expanding own-brand assortments and enhancing personalized loyalty programs, we deliver great value and trusted quality. Our focus on hea
Slide 6: Q3 2025 quarterly performance
Q3 2025 quarterly performance Frans Muller 6 Ahold Delhaize – Q3 2025
Slide 7: Ahold Delhaize – Q3 2025
7 Ahold Delhaize – Q3 2025
Slide 8: Flexibility, resilience, culture
flexibility resilience culture 8 Ahold Delhaize – Q3 2025
Slide 9: Leaning into own-brand opportunities
leaning into own-brand opportunities • Grew own-brand penetration at all brands • Identified further opportunities through cross functional and cross regional review • Sustaining momentum in the U.S., strengthening competitiveness in Europe 9 Ahold Delhaize – Q3 2025
Slide 10: Offering healthy food within customers' budgets
offering healthy food within customers’ budgets • Partnering with Circana to expand accessibility of Guiding Stars nutritional rating system in the U.S. • Supporting families returning to busy school schedules with fruits and vegetable snacks at Delhaize • Encouraging healthy eating among children t
Slide 11: Ahold Delhaize – Q3 2025
11 Ahold Delhaize – Q3 2025
Slide 12: Food Lion well-positioned to capture growth
Food Lion well-positioned to capture growth • Launch of omnichannel remodels at 153 stores in Charlotte market • Construction of 92 stores in Greensboro market is underway • Remodeled Raleigh and Wilmington markets outpacing non-remodeled stores achieved 52nd consecutive quarter of same-store sales
Slide 13: Europe increasing customer reach
Europe increasing customer reach • Albert Heijn opened 85th store in Belgium • Delhaize announced 8 new stores to be opened early 2026 • Profi continues to expand footprint, intending to ramp up in next three years 13 Ahold Delhaize – Q3 2025
Slide 14: Innovation at the core of our organization
adding over 1 million Square feet of DC space in Burlington, NC Albert Heijn’s generative AI Steijn empowering customers retail media platform Edge scaled to the U.S. innovation at the core of our organization 14 Ahold Delhaize – Q3 2025
Slide 15: Doing the right things to deliver a strong holiday experience
doing the right things to deliver a strong holiday experience 15 Ahold Delhaize – Q3 2025
Slide 16: Q3 2025 financial highlights
Q3 2025 financial highlights Jolanda Poots-Bijl 16 Ahold Delhaize – Q3 2025
Slide 17: Third quarter results
comparable sales growth excl. gas +2.9% U.S. +2.9%, EU +2.8% third net sales €22.5bn online sales quarter vs LY constant rates +6.1% €2.4bn results underlying vs LY constant rates operating +12.2% income1 2025 €933m vs LY constant rates underlying results +13.4% underlying operating margin1 4.1% und
Slide 18: Third quarter results (IFRS)
net sales diluted EPS €22.5bn €0.65 vs LY actual rates vs LY actual rates +2.2% +61.7% third online sales quarter €2.4bn results vs LY actual rates operating income +9.1% 2025 €902m vs LY actual rates operating margin €31m lower than underlying IFRS-reported results 4.0% results, largely due to cost
Slide 19: Comparable sales growth trends by region
comparable sales growth trends by region Actuals excluding gas Ex weather/calendar/other ex. Gas Q3 group comparable sales growth excl. gas U.S. Q3 Europe Q3 +2.9% +2.9% +2.8% 5.8% 4.9% 4.7% 4.8% 4.9% 3.7% 3.4% 3.4% 3.1% 2.9% 3.1% 2.6% 2.6% 2.8% 1.4% 1.2% 1.6% 1.2% 1.2% 0.8% Q3 2024 Q4 2024 Q1 2025
Slide 20: Q3 2025 highlights: US
US Q3 2025 highlights net sales expanding Own Brand €12.9bn brand strength positive sales and unit growth for 10th consecutive quarter +1.9% vs LY at constant rates and densifying our markets online sales growth Stop & Shop Hannaford 15.4% launched new ‘Good Things Are in Store’ campaign to reinforc
Slide 21: Q3 2025 highlights: EU&I
EU&I Q3 2025 highlights high focus net sales Price Favorites €9.6bn on value all brands have a minimum 900 Price Favorite products across their +12.4% vs. LY assortments at constant rates to sustain and grow competitive positions online sales growth bol Albert Heijn 9.7% launched branded shelves, a
Slide 22: Ahold Delhaize – Q3 2025
FOOD#ALION GO 99 Ahold Delhaize - 3 2095
Slide 23: Q3 free cash flow bridge
Q3 free cash flow 28 bridge 536 107 2 -63 FCF Q3 2025 vs Last Year -68 389 -120 -33 (in €m) FCF Changes in Other operating Dividends from Income Net Net Lease Net interest FCF Q3 2024 working capital cash flow joint ventures taxes paid investments Repayments paid Q3 2025 Q3 YTD free cash flow 257 7
Slide 24: Health and sustainability
equipping improving public collaborating with maintaining associates to health while suppliers across MSCI AA-rating integrate health & maintaining our value chain to and Sustainalytics sustainability in flavor, quality and implement Low Risk rating daily work convenience initiatives 24 Ahold Delhai
Slide 25: Outlook
around €2.7 billion gross capital expenditures at least €2.2 billion at least free cash flow €1.25 billion mid-to save for our customers outlook high-single digit growth 2025 underlying EPS1 underlying operating margin 1. Based on an average euro/U.S. dollar exchange rate for 2025 of 1.10 around 4.0
Slide 26: Flexibility, resilience, culture
flexibility resilience culture 26 Ahold Delhaize – Q3 2025
Slide 27: Q&A
Q&A
Slide 28: Thank you
thank you Ahold 28 Delhaize - Q2 2024
Slide 29: Q3 2025 calendar
Q3 2025 calendar 29 Ahold Delhaize – Q3 2025
Slide 30: Corporate calendar
corporate calendar rolling 12 months Q4 Q1 Q2 Q3 2025 2026 2026 2026 November 5 February 11 April 8 August 5 Results Q3 2025 Results Q4 & FY 2025 Annual General Meeting of Results Q2 2026 Shareholders February 25 May 6 Annual Report publication 2025 Results Q1 2026 30 Ahold Delhaize – Q3 2025
Koninklijke Ahold Delhaize — Q3 2025 Earnings Presentation on 6ix