Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — Q1 2021 Earnings Presentation
20 slides from Sonae Sgps Sa's earnings presentation, May 2021
Slide 1: First quarter Results 2021
2021 First quarter Results 215 MAY 2021
Slide 2: 2021 continued to be challenging, especially in Portugal
2021 continued to be challenging, especially in p O rt U ga | Se FASHION IBERIAN SPORTS RETAIL GROUP
Slide 3: Restructuring in Spain and active portfolio management
Restructuring process in Spain to achieve profitable growth Active portfolio management and strategy execution eee af BBE EO SIERRA FS Acquisition of an additional 10% stake to Grosvenor Partnership in the financial services sector with Banco CTT BLD HE Ao IM Delivery on strong track record of value
Slide 4: Business by business view
Business by business view
Slide 5: Sonae MC
Sonae MC Turnover Underlying EBITDA FCF* €M €M, % L12M, €M (6.6%) 1,273 1,194 239 152 —B.9%— ed 8.6% 8.1% >2x online sales 1020 1021 1020 1021 Mar 20 Mar 21 1Q21 RESULTS * Before dividends paid
Slide 6: Worten
Worten Turnover Online Sales Underlying EBITDA €M €M EM, % 2 429.3% 232 vi 8 3 6.4% 1020 1021 1020 1021 1020 1021 1021 RESULTS
Slide 7: Sonae Fashion
Sonae Fashion Turnover Online Sales Underlying EBITDA €M 1g CTR 61 €M _ 1020 1021 1020 1021 1021 RESULTS €M 1020 1q21
Slide 8: ISRG
ISRG Turnover Online Sales EBITDA €M €M EM, % 23g 2 221 L3M19 L3M 20 L3M19 L3M 20 L3M19 L3M 20 1Q21 RESULTS Note:Due to calendar reporting dates of JD Sports (the main shareholder of the JV), ISRG figures for the L3M 20 ended last January 30"
Slide 9: Sonae Sierra
Sonae Sierra Rent Discounts | Europe Occupancy rate | Europe NAV L12M, % 1021,% €M 902 897 64 28 Portugal Rest of Europe Portugal Total Europe Dec 20 Mar 21 1021 RESULTS
Slide 10: Sonae FS
Sonae FS Turnover Universo card Digital clients €M Market share in credit k 9 Portugal (%) 470 —— 52 428 147 4 1020 1021 4Q20 1021 Dec 20 Mar 21 1021 RESULTS 10
Slide 11: Sonae IM
Sonae IM Turnover Capex NAV* €M €M, L12M €M G31% 323 30 314 26 24 23 1020 1021 1020 1021 Dec 20 Mar 21 1021 RESULTS 1 *NAV of the active portfolio: Fair value and cash invested for AVP funds and minority stakes + consolidated stakes by market references.
Slide 12: NOS
NOS Turnover EBITDA Net income €M, % €M 153 <i> 152 4b.2% 45.1% 31 -10 1020 1021 1020 1021 1020 1021 1021 RESULTS 12
Slide 13: Consolidated view
Consolidated view 18
Slide 14: Consolidated Operational Performance
Consolidated Operational Performance Turnover Underlying EBITDA Net results (group share) €M €M €M Ty 100 1020 1021 1020 1Q21 1020 1Q21 1021 RESULTS 4
Slide 15: Free Cash Flow
Free Cash Flow FCF bridge L12M, €M 42300 Ei -250 205 — 30 -317 Ea oe + -64 EBITDA Workingcap. Operational Operational Net financial M&Acapex Saleofassets Dividends FCF before (inc.rents and others* capex cash flow activity received dividends paid and taxes) 1921 RESULTS 5 * Excluding Sonae FS backbo
Slide 16: Group Leverage
Group Leverage Net Debt | comparable’ €M 1020 * Excluding Sonae FS backbook 164 var 1q21 1021 RESULTS Holding LTV % 14% a 7 1020 1021 16
Slide 17: Leverage of each Business
Leverage of each Business SONAE MC NOS SONAE SIERRA Total Net Debt / und. EBITDA Net Financial Debt / EBITDA LTV (net) after leases 25% 3.4x 3.0x - Ff - 1020 1021 2020 1021 2020 1Q21 1021 RESULTS 1
Slide 18: Looking forward
Looking forward 18
Slide 19: 19
19
Slide 20: Contacts
7 Fa a at Ed fo} I CONTACTS Patricia Vieira Pinto Head of Investor Relations pavpinto@sonae,pt Tel: + 35122 0104794 PROPERTY Sonae Lugar do Espido Via Norte 4471-909 Maia, Portugal Tel. + 35122 948 7522 www.sonae.ot May 21%, 2021