Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — Q1 2022 Earnings Presentation
17 slides from Sonae Sgps Sa's earnings presentation, May 19, 2022
Slide 1: 1Q22 Results: Shaping tomorrow, today
1Q22 Results Shaping tomorrow, today Sonde serine
Slide 2: Portfolio management
Portfolio management Sonae Cera est
Slide 3: Active portfolio management
Active portfolio management safety» pay exit CIVALUE exit exit (announced in the 2Q, to be closed soon) (H/\CKUITY new OF experify wage ., new Acquisition of an 2 exits, additional 10% stake 2 new minority in Sierra investments, apart from follow-on investments in portfolio companies Sonae soa2 hens
Slide 4: Business by business view
Business by business view Sonae Cera est
Slide 5: Sonae MC
MC Sonae Turnover €m x% Online sales 1247 1,294 LfL +2.2% 3.9% 3.2% | | 1Q21 1Q22 Underlying EBITDA 1Q21 1Q22 1Q22 Results FCF €m, L12M, before dividends paid 236 Mar 21 227 Mar 22
Slide 6: Worten
O Worten Sonae Turnover €m 1Q21 1Q22 Sonae Online sales % of turnover 20.8 15.8 1Q21 1Q22 1Q22 Results Underlying EBITDA €m SB) 17 6.4% - 1Q21 1Q22
Slide 7: Sonae Fashion
© Zeitreel = Sonae Turnover €m 51.2%) 96 LfL +87.9% 61 1021 1922 Sonae Online sales % of turnover 21.2 9.3 1021 1922 1Q22 Results Underlying EBITDA €m G0. 6 -4 1021 1922
Slide 8: Iberian Sports Retail Group
IBERIAN SPORTS RETAIL GROUP Turnover Online sales EBITDA €m % of turnover 366 31 9.3% 14.2% 221 21.1 15.7 L3M 20 L3M 21 L3M 20 L3M 21 L3M 20 L3M 21 Sonae sca2henit Note: Due to calendar reporting dates of JD Sports (the main shareholder of the JV), ISRG figures for the LSM 21 ended last January 29".
Slide 9: Sierra
Sierra Sonae Net results €m 6.6) 10 i 1Q21 1Q22 NAV INREV 5.1%) YE21 1Q22 1Q22 Results LTV (gross) % 45.8 45.3 YE21 1Q22
Slide 10: Universo
Universo & Sonae Total production €m 22.7% 257 210 1Q21 1Q22 Sonae Universo clients 000 x% Digital clients 989 892 a 53% 63% | bel 1Q21 1Q22 1Q22 Results Turnover em 8 5 1Q21 1Q22
Slide 11: BrightPixel
O BrightPixel Sonae Capex Cash invested’ NAV €m, 12M €m €m C42) —$ 38 395 168 159 378 23 1Q21 1Q22 YE21 1Q22 YE21 1Q22 Sonae sca2henit ; *Cash invested in the active portfolio **NAV of the active portfolio: Fair value and cash invested for AVP funds and minority stakes + consolidated stakes by marke
Slide 12: Sonae EBITDA and net income
1Q21 Sonae 1Q22 EBITDA 152 159 45.1% 42.7% 1921 1Q22 1Q22 Results Net income 4 31 1Q21 1Q22 12
Slide 13: Consolidated view
Consolidated view Sonae Cera est
Slide 14: Operational performance
Operational performance Turnover EBITDA Net result (group share) €m €m €m Cad 4,608 1,690 149 42 127 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 Sonae sca2henit a
Slide 15: Free Cash Flow
Free Cash Flow FCF bridge €m, 12M 693 EBITDA (inc. Working cap. Operational rents and taxes) and others capex Sonae Net financial activity -220 M&A capex ~ 1Q22 Results Sale of assets Dividends received FCF before dividends paid 15
Slide 16: Group leverage and NAV
Group leverage and NAV Net debt €m 1519 Solid debt 587 maturity profile (almost 5 years) 1Q21 var 1Q22 Sonae sca2henit YE21 1Q22 16
Slide 17: Sonae 1Q22 Results
Sonae 1Q22 Results 7