Metro AG · VIE:MEO2

Metro — Q2 2019/20 Earnings Presentation

20 slides from Metro's earnings presentation, May 7, 2020

  1. Slide 1: Q2 2019/20 Press Conference Call

    Q2 2019/20 PRESS CONFERENCE CALL 7 Mai 2020

  2. Slide 2: Disclaimer and Notes

    DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements. All forward-looking statements herein are based on certain estimates, expectations and assumptions at the time of publication of this pres

  3. Slide 3: Focus

    01 FOCUS 3 25/10/2019 © METRO AG | Global Townhall Meeting

  4. Slide 4: Key Facts in Q2 2019/20

    KEY FACTS IN Q2 2019/20 METRO with 2.3% like-for-like sales growth, despite significant impacts from COVID-19 crisis since March. Adjusted EBITDA above previous year. METRO has been significantly less affected by the COVID-19 crisis than others, due to immediate and consistent measures to protect th

  5. Slide 5: Financial Performance

    02 FINANCIAL PERFORMANCE

  6. Slide 6: Customer Groups Impacted Differently by COVID-19 Related Government Restrictions

    CUSTOMER GROUPS IMPACTED DIFFERENTLY BY COVID-19 RELATED GOVERNMENT RESTRICTIONS Operative Development Beginning of COVID-19 & Broad spread of COVID-19 & prior to COVID-19 governmental restrictions governmental restrictions Strong operational momentum in Stock-up sales overcompensate first Portfolio

  7. Slide 7: Sales to EBITDA

    SALES TO EBITDA Like-for-like sales Continuing Continuing operations operations • Like-for-like sales growth driven by all regions except for Western Europe (excl. Germany) and P&L in €m / % Q2 2018/191 Q2 2019/201 benefiting from additional day due to leap year Sales 5,898 6,006 • Accelerated store

  8. Slide 8: Regional Performance

    REGIONAL PERFORMANCE HoReCa Trader SCO 1 1 Germany Western Europe (excl. Germany) €m / % Q2 2019/20 €m / % Q2 2019/20 3,8% Sales 1,074 Sales 2,185 2,3% Like-for-like growth 4.8% 1,5% Like-for-like growth -6.3% 1,0% Reported growth 4.9% Reported growth -6.3% EBITDA adjusted2 -4 Q2 2018/19 Q2 2019/20

  9. Slide 9: EBITDA to EPS

    EBITDA TO EPS EBIT Continuing Continuing • Decrease due to transformation costs and operations operations higher depreciation: P&L in €m / % Q2 2018/19 Q2 2019/20 • goodwill impairment for CFF of €25m due to negative impact by COVID-19 EBITDA total 163 87 • higher share of software capex and other a

  10. Slide 10: Strategic Update

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  11. Slide 11: Update on Hypermarket Business

    UPDATE ON HYPERMARKET BUSINESS Real - Discontinued operations2 €m / % Q2 2018/19 Q2 2019/20 Sales 1,606 1,710 Reported growth -6.2% 6.4% Like-for-like growth -5.1% 8.7% Reported EBITDA -6 67 EBITDA margin -0.4% 3.9% Transaction Highlights • Post-signing process is running well with good momentum to

  12. Slide 12: Clear Response to Corona Crisis to Safeguard Business and Capture Chances for Growth

    CLEAR RESPONSE TO CORONA CRISIS TO SAFEGUARD BUSINESS AND CAPTURE CHANCES FOR GROWTH “PROTECT” “PRESERVE” “GROW” 12 07/05/2020 © METRO AG

  13. Slide 13: Protect: Customers and Employees Have the Highest Priority for METRO

    PROTECT: CUSTOMERS AND EMPLOYEES HAVE THE HIGHEST PRIORITY FOR METRO Countries and HQ monitor the situation: Monitor • Daily COVID-19 cases report • Political measures and regulation changes Common measures in the stores: • Communication to customers & employees • Entry restrictions depending countr

  14. Slide 14: Preserve: Efficiency + Effectiveness

    PRESERVE: EFFICIENCY + EFFECTIVENESS Manage personnel and related costs Adjust operations to market situation Cancelation of business travels and trainings Store operations review (e.g. opening hours, Ultra- fresh department closedown) Short-time employment where appropriate, reduction of overtime,

  15. Slide 15: Grow: Measures for Each Customer Group

    GROW: MEASURES FOR EACH CUSTOMER GROUP Strengthening HoReCa New channels for Trader Addressing SCO Crisis management support Neighbourhood store support Re-Discover METRO • Advisory support: Facilitate access • Important role of independent • Significant reactivation of METRO to support programmes g

  16. Slide 16: Wholesale: How Do We See Our Future

    HOW DO WE SEE OUR FUTURE COVID-19 with significant short term impact on HoReCa However: High quality Food remaining a high priority among consumer preferences General desire to eat out and enjoy excellent food still very strong OUR ORIGIN IS Gradual release of restrictions visible in various countri

  17. Slide 17: © METRO AG

    - q . — “tt a — 17 07/05/2020 © METRO AG } E [] RS

  18. Slide 18: Q&A

    Q&A Olaf Koch, CEO Christian Baier, CFO 18 07/05/2020 © METRO AG

  19. Slide 19: Contact

    CONTACT Corporate Communications METRO AG Metro-Strasse 1 40235 Duesseldorf Germany T +49 211 6886-4252 F +49 211 6886-2001 E presse@metro.de www.metroag.de 19 07/05/2020 © METRO AG

  20. Slide 20: © METRO AG

    20 13.12.2018 © METRO AG

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