Dino Polska Sa · GPW:DNP
Dino Polska Sa — Q1 2025 Earnings Presentation
13 slides from Dino Polska Sa's earnings presentation, May 15, 2025
Slide 1: 1Q 2025 Financial results
1Q 2025 Financial results 15th May 2025
Slide 2: Disclaimer
Disclaimer Neither this presentation (the “Presentation”) nor any copy of it nor the information contained herein being issued, and nor may this Presentation nor any copy of it nor the information contained herein be distributed directly or indirectly to or into, the United States, Canada, Australia
Slide 3: Our achievements in 1Q 2025
Our achievements in 1Q 2025 +58 new stores +12.9% net sales area y-o-y (+32 in 1Q 2024) (+10.5% at end of 1Q 2024 y-o-y) +10.2% sales y-o-y +0.5% LFL y-o-y (+20.3% in 1Q 2024 y-o-y) (+11.9% in 1Q 2024 y-o-y) +8.2% EBITDA y-o-y -0.1 pp EBITDA margin y-o-y (+7.4% in 1Q 2024 y-o-y) (-0.9 pp in 1Q 2024
Slide 4: Network expansion – higher number of stores and geographic composition
Network expansion – higher number of stores and geographic composition Network expansion to date Regional coverage Stores per 100k inhabitants as of March 31, 2025 (in brackets as of March 31, 2024) Net sales area (’000 m2) 192 238 295 376 472 573 710 848 948 1,061 1,085 4.5 No. of stores (3.7) 7.0
Slide 5: Investments in renewable energy sources
Investments in renewable energy sources Solar energy is powering Dino stores (recap of Q1 2025) Dino stores are equipped with their 2,569 own photovoltaic installations (+93 in Q1 2025) 103 MW total capacity of the PV panels on Dino stores (+17% y-o-y) of electricity generated by Dino 15.2 GWh from
Slide 6: Substantial LFL sales growth in Q1
Substantial LFL sales growth in Q1 Inflation 17.0 13.1 9.7 6.4 2.8 2.5 4.5 4.8 4.9 Sales mix Product split by revenue (1Q 2025) LFL sales growth Non-food 12.2% 35.0% 30.0% 27.2% Fresh food 42.0% 25.0% 20.3% 20.0% 22.9% 16.3% 15.0% 18.8% 11.9% Other 8.7% 10.0% 12.9% 6.4% food1 4.0% 45.8% 5.0% 1.8% 7.
Slide 7: High revenue growth
High revenue growth Revenues (PLNm) +10.2% y-o-y 29,274 7,607 7,752 7,243 7,354 25,666 6,671 19,802 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2022 2023 2024 Source: Company financial statements 7 7
Slide 8: EBITDA result
EBITDA result EBITDA margin 9.3% 8.7% 8.85% 8.14% 7.9% 7.38% 7.19% 7.24% +8.2% y-o-y (EBITDA PLNm) 2,233 2,318 673.4 631.4 1,838 409 357 105.5 532.3 492.1 520.6 110.2 300 98.9 118.2 94.6 1,876 1,908 567.8 521.2 1,538 397.5 421.7 414.1 1Q 2Q 3Q 4Q 1Q 2022 2023 2024 2024 2024 2024 2024 2025 EBIT D&A E
Slide 9: 1Q 2025: EBITDA bridge
1Q 2025: EBITDA bridge (PLNm) 7.38% 7.24% + PLN 40.2 million +8.2% 90.1 40.7 94.6 2.7 118.2 116.2 0.6 532.3 492.1 397.5 414.1 1Q 2024 1Q 2024 1Q 2024 Δ Sale Δ Cost Δ Sales & Δ G&A Δ Other 1Q 2025 1Q 2025 1Q 2025 EBITDA D&A EBIT at a constant of sales marketing operating EBIT D&A EBITDA margin costs
Slide 10: Operating cash flow
Operating cash flow Capex2 OCF structure (PLNm) (PLNm) 79% 53% 69% 67% 97% 2 557 646 1 772 409 1 253 357 300 1,605 1,446 1,173 1,794 1,739 1,402 436 7 516 3 330 95 118 365 386 2022 2023 2024 1Q 2024 1Q 2025 ( 177) ( 292) ( 27) ( 392) ( 147) ( 418) Capex Capex as % of EBITDA ( 57) ( 79) 2022 2023 202
Slide 11: Balance sheet
Balance sheet Net debt/EBITDA(1) Interest coverage ratio(2) 0.76x 16.3x 15.7x 12.7x 0.43x 10.9x 0.39x 0.31x 0.08x 2022 2023 2024 1Q 2024 1Q 2025 2022 2023 2024 1Q 2025 Source: Company financial statements (1) Net debt to EBITDA defined as net debt divided by EBITDA for the last twelve months (2) Int
Slide 12: Strategy update
Strategy update 1 Organic store roll-out 1Q: 2,746 2,688 stores 2,406 stores (58 2,156 stores 1,815 (283 openings) stores (250 1,473 stores openings) 1,218 (344 openings) 977 stores (343 openings) 775 stores (255 openings) stores (243 stores (202 openings) openings) (147 openings) 628 openings) stor
Slide 13: Contact information
Contact information Grzegorz Uraziński Head of Investor Relations grzegorz.urazinski@marketdino.pl +48 695 234 561 ul. Ostrowska 122 63-700 Krotoszyn Poland http://grupadino.pl 13