Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q3 2021 Earnings Presentation
18 slides from Koninklijke Ahold Delhaize's earnings presentation, Nov 10, 2021
Slide 1: Q3 2021 Ahold Delhaize Results
Q3 2021 Ahold Delhaize Results November 10, 2021
Slide 2: Cautionary notice
Cautionary notice This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as raising guidance, full-year, remain, on track, to delivery, by, 2022, continue(s), end of the year, expe
Slide 3: Business Highlights
Business Highlights Frans Muller, President & CEO
Slide 4: Ahold Delhaize maintains momentum, reporting strong Q3
• On a two-year comparable sales growth basis**, comparable sales excluding gas in the U.S. were up 15.3% and in Europe were up 7.3% in Q3 2021, both of which remain elevated relative to historic levels. • Q3 Group net sales were €18.5 billion, up 4.6% at constant exchange rates • In Q3, net consume
Slide 5: Strengthening position as industry-leading local omnichannel retailer in 2021
Strengthening position as industry-leading local omnichannel retailer in 2021 Group net consumer online sales remain on track to deliver 40%+ growth in 2021 Advance omnichannel offerings • Giant Food will soon launch Ship2me, an online Step-up online capacity, marketplace solution, initially offerin
Slide 6: Highlights: United States
Highlights: United States • 52.9% online sales growth in Q3 (constant rates); Excluding the FreshDirect acquisition, U.S. online sales grew 26.2% in Q3 2021 (constant rates), building on top of the significant 114.7% growth in the year ago period • 102 click & collect points added in Q3; remain on t
Slide 7: Highlights: Europe
Highlights: Europe • Q3 market share gains in the Benelux, market share remained stable in CSE • 20.1% net consumer online sales growth in Q3, on top of 48.6% growth in the year ago period • Bol.com grew net consumer online sales by 19.2% in Q3; on top of 45.6% growth in the year ago period. Bol.com
Slide 8: ESG Highlights
ESG Highlights bol.com takes a new step towards the sustainable ambition by introducing the multi-packing machine; Ahold Delhaize bol.com is the first in the world to pack with multiple customized items in one box; a fast achieves “AA” MSCI and more sustainable process by improving ESG 2021 ranking
Slide 9: Q3 2021 Financial Highlights
Q3 2021 Financial Highlights Natalie Knight, Chief Financial Officer
Slide 10: Q3 Underlying Performance
Q3 Underlying Performance Comparable Sales Net Consumer Net sales Growth excl. gas Online Sales € 18,545 1.7% € 2,295 million million U.S. 2.9% vs LY constant rates 4.6% E.U. (0.2)% vs LY constant rates 29.2% Underlying operating Underlying Underlying Income from Diluted Underlying income operating
Slide 11: Q3 IFRS-reported results
Q3 IFRS-reported results Comparable Sales Net sales Online Sales Growth excl. gas € 18,545 1.7% € 1,735 Million million U.S. 2.9% vs LY constant rates 4.6% E.U. (0.2)% vs LY constant rates 30.6% Operating Income from Diluted Operating margin income continuing operations EPS € 780 4.2% € 522 € 0.51 m
Slide 12: Two-year comparable sales stack trend in Q3 remained strong in the U.S.
Two-year comparable sales stack1 trend in Q3 remained strong in the U.S. Value above the bar is 2-year comparable sales ex-gas stack; within the bar is the 1-year comparable sales ex-gas for each quarter U.S. Europe 19.1% 20.0% (1.5)% 20.0% 18.1% 15.8% 15.5% 15.3% 15.0% 1.7% 15.0% 12.3% 12.6% 2.9% 8
Slide 13: Adjusted two-year comparable sales stack stronger than reported figures
Adjusted for the effects of weather and calendar; Q3 2021 two-year comparable sales stack1 stronger than reported figures in both regions Value above the bar is 2-year comparable sales ex-gas stack; within the bar is the 1-year comparable sales ex-gas for each quarter U.S. Europe 20.0% 20.0% 14.6% 1
Slide 14: Strong sales and margin levels continued in Q3
Strong sales and margin levels continued in Q3 despite re-openings of society Ahold Delhaize The United States Europe Group Group net consumer online € million, Q3 % change Q3 % change Q3 % change constant constant constant except per share data 2021 rates 2021 rates 2021 rates sales remain strong a
Slide 15: Q3 Free Cash Flow
Q3 Free Cash Flow FCF Q3 2021 vs Last Year (in €m) 25 10 2 1 516 91 168 176 63 FCF Q3 Operating Changes in Income Tax Net Net Net Lease Joint FCF Q3 2020 Cash Flow Working Paid Investment Interest Repayment Ventures 2021 Capital Ahold Delhaize - Q3 2021 Results 15
Slide 16: Raising full year 2021 underlying margin, EPS and free cash flow guidance
Raising full year 2021 underlying margin, EPS and free cash flow guidance • COVID-19 continues to create significant uncertainty in 2021 and created difficult prior year comparisons. The strong Q3 results provide management the confidence to raise the 2021 outlook for underlying operating margin, un
Slide 17: Wrap-up
Wrap-up • Maintained strong sales momentum in Q3; Two-year Q3 comparable sales stack remained strong in the U.S. • High growth in net consumer online sales of 29.2% in Q3, on top of ~63% growth in the year ago period; driven by ~53% in the U.S. and 20.1% in Europe • Solid underlying operating margin
Slide 18: Thank you
& Ahold Delhaize Thank you FOOD#ALION SstopasHop. sm GANT Giant Qe &tos GalleGall albert Company BEND Tempo Be TENA r202 bea sfreshdirect 1 . Ahold roveepainet ANCI
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