Metro AG · VIE:MEO2
Metro — Shareholder Meeting (March 2026)
16 slides from Metro's shareholder meeting presentation, Mar 5, 2026
Slide 1: Annual General Meeting METRO AG
ANNUAL GENERAL MEETING METRO AG Düsseldorf, 5 March 2026 1 05.03.2026 © METRO AG. Hauptversammlung
Slide 2: 2030 targets: Sales, EBITDA, FCF
2030 Marketplace Sales € bn Digital Customer EBITDA* € bn Solutions Stores FSD FCF € . bn *EBITDA adj. 1 5 March 2026 © METRO AG. Annual General Meeting
Slide 3: Sales & EBITDA Meet Outlook
SALES & EBITDA MEET OUTLOOK Sales EBITDA adj. currency adjusted currency adjusted in € billion in € million ~32.4 1.192 Outlook Outlook 3-7% Slight Increase FY 23/24 FY 24/25 FY 23/24 FY 24/25 2 5 March 2026 © METRO AG. Annual General Meeting
Slide 4: Transformation Affects EPS
TRANSFORMATION AFFECTS EPS EBITDA Transformation EPS Adjusted. Transformation costs Negative EPS … primarily for cost efficiency … as planned. initatives. € . . € billion € million Earnings per Share 2024/25 3 5 March 2026 © METRO AG. Annual General Meeting
Slide 5: All Segments Contribute to Sales Growth
ALL SEGMENTS CONTRIBUTE TO SALES GROWTH SALES GROWTH FY 24/25 Δ vs PY* in € billion in % 32.4 +6 GERMANY 5 +1 WEST 13.4 +4 RUSSIA 2.6 +6 EAST 11.2 +10 OTHER 0.3 +4 * Adjusted for currency effects 4 5 March 2026 © METRO AG. Annual General Meeting
Slide 6: Sales Growth in All Channels
SALES GROWTH IN ALL CHANNELS + € 0.7 bn + € 1.1 bn + € 0.1 bn GROß- GROß- GROß- HANDELSMÄRKTE HANDELSMÄRKTE HANDELSMÄRKTE OUT-OF- OUT-OF- OUT-OF- STORE STORE STORE FSD as sales driver 5 5 March 2026 © METRO AG. Annual General Meeting
Slide 7: EBITDA Increased Significantly
EBITDA INCREASED SIGNIFICANTLY EBITDA adj. FY 24/25 Δ vs. PY* in € million absolute 1.192 +112 GERMANY 79 -32 WEST 638 +13 RUSSIA 135 -8 EAST 442 +52 OTHER -102 +91 * Adjusted for currency effects 6 5 March 2026 © METRO AG. Annual General Meeting
Slide 8: Global Context Affects METRO
GLOBAL CONTEXT AFFECTS METRO Geopolitical Tensions Crises and Conflicts Weak Consumer Sentiment Interference in Markets 8 7 5 March 2026 05.03.2026 © METRO AG. Annual General Meeting Hauptversammlung
Slide 9: Cost Efficiency Initiatives Pay Off
COST EFFICIENCY INITATIVES PAY OFF IT Trans- Development Cost reduction Global Solution formation Centers 1 2 Cost ~€ million 2024/25 Leadership 5 3 Optimizing NPEX structural Reduction costs 4 Up to € million annually as of 2027/28 Transformation Global Procurement 7 5 March 2026 © METRO AG. Annual
Slide 10: sCore Targets with High Momentum
sCORE TARGETS WITH HIGH MOMENTUM FY21 FY25 2030 Strategic Customer Sales Share FSD Sales Share Own Brand Sales Share Digital Sales Share Product Availability 8 5 March 2026 © METRO AG. Annual General Meeting
Slide 11: Strategic Customers
STRATEGIC CUSTOMERS 2030 FY21 FY25 Strategic Customer Sales Share Multichannel Assortment Buy More, Pay Less Customers Product delistings +11% Products since 2021 vs. PY 25% of store assortment 9 5 March 2026 © METRO AG. Annual General Meeting
Slide 12: Food Service Delivery
FOOD SERVICE DELIVERY 2030 FY21 FY25 FSD Sales Share Network Transformation FSD Specialists Depots MFCs Acquisition GVS Group FY 2024/25 strengthens FSD-Portfolio 10 5 March 2026 © METRO AG. Annual General Meeting
Slide 13: Own Brands
OWN BRANDS 2030 FY21 FY25 Own Brand Sales Share Sales Growth Year of Own Brand The Big Fresh € bn driven by Additional Sales Own Brands FY 2024/25 FY 2025/26 11 5 March 2026 © METRO AG. Annual General Meeting
Slide 14: Digital Sales
DIGITAL SALES 2030 FY21 FY25 Digital Sales Share METRO Markets DISH M.Shop . m HoReCa Customers Orders Growth +15% +15% vs. PY vs. PY vs. PY 12 5 March 2026 © METRO AG. Annual General Meeting
Slide 15: Sustainability Increases Efficiency
SUSTAINABILITY INCREASES EFFICIENCY New Ratings 2025 FY 2024/25 Climate Targets 2030 Scope 1 & 2 AAA Emissions vs. 19/20 Own Operations MSCI (09/2025) Scope 3 FLAG Emissions vs. 21/22 Assortment Scope 3 Non-FLAG Emissions vs. 21/22 , Supply Chain Sustainalytics Medium Risk Food Waste (03/25) vs. 21/
Slide 16: Our Messages
OUR MESSAGES We make dynamic progress toward our sCore 2030 targets We grow sustainably in all channels We continue to implement our cost- efficiency measures consistently Investments in growth drivers and productivity planned sCore remains our way forward 16 5 March 2026 © METRO AG. Annual General