Fourlis Holdings S.a. · ATHEX:FOYRK
Fourlis — FY2024 Earnings Presentation
40 slides from Fourlis's earnings presentation, 2025
Slide 1: Corporate Presentation FY 2024 results
Fourlis Corporate Presentation FY 2024 results
Slide 2: Disclaimer
Fourlis > Disclaimer This presentation has been prepared by Fourlis Group (the "Company") for informational purposes only. The information contained herein does not constitute an offer, solicitation, or recommendation to buy or sell any securities of the Company or any other entity. The information
Slide 3: Delivering on our strategic priorities
Fourlis Delivering on our strategic priorities. Strong retail performance, significant profit improvement, and profitability guidance exceeded. SO Enhanced shareholder returns through Noh ds share buybacks. Trade Estates successfully deconsolidated. Disciplined execution and sustained momentum.
Slide 4: Disciplined execution and growth momentum in all BUs
Fourlis Disciplined execution and growth momentum in all BUs IKEA » New stores: Patras (Oct '24), Heraklion (April 2025), Hellinikon (2028) Remodeling of the store in the AIA park. A new Plan & Order studio opened in Bulgaria. New-generation urban IKEA stores. vVvvv Sportwear > Foot Locker: Partners
Slide 5: Private placement of 16% of Trade Estates' share capital
Vv Vv Vv Vv Vv Private placement of 16% of Trade Estates’ share capital in February 04 2025. Fourlis group participation in Trade Estates at 47.3%. €29 mil. proceeds from the placement, reducing the group’s net debt. Deleveraging the group’s Balance Sheet and strengthening our focus on our retail bu
Slide 6: Fourlis group today
Fourli . ewes Fourlis group today Participation in Home Furnishings Sportswear Health & Wellness Logistics Real Estate The home Sports retail The wellness The logistics real furnishings leader powerhouse destination specialist ail INTERSPORT van fo reper TRADE LOGISTI = / Foot Locker TradeEstates
Slide 7: Fourlis group today: business units
Fourlis Home Furnishings Presence in GR, BG and CY through 22 stores & shops Leading position in the HF market One of the best performing partners of Interlkea Growing organically and through network expansion. The home furnishings leader Fourlis group today Sportswear Intersport Presence in GR, RO,
Slide 8: Strategic Priorities
Strategic Priorities v Delivering high product quality and exceptional customer service across all channels. Fostering a culture of employee well-being, engagement, and continuous development. Transforming the business model for efficiency. Accelerating omnichannel growth and e-commerce capabilities
Slide 9: FY '24 Financial Results
FY ‘24 Financial Results
Slide 10: +1.6% +17.9% ▪ ▪ ▪ ▪ ▪ +26.8% +195% +212% ▪
+1.6% +17.9% ▪ ▪ ▪ ▪ ▪ +26.8% +195% +212% ▪ 10
Slide 11: Trade Estates REIC
a Fourlis Smart Park @ Spata Trade Estates REIC Significant growth on the back of its high-yielding and high- quality portfolio of real estate assets. Real Estate GAV +11% at €542 mil. as of 31/12/24 vs €486 mil. Net Asset Value +4.5% at €311.9 mil. (€2.59 per share), as of 31/12/24 from 298.4 mil i
Slide 12: Income statement FY '23 vs FY '24
(amounts in € mil.) FY '23* % FY '24 Continuing Activities Revenues 521.3 1.6% 529.7 Gross Profit 230.7 7.7% 248.4 Gross Profit margin 44.3% 46.9% EBITDA (OPR)** 35.9 17.9% 42.3 EBITDA margin (OPR) 6.9% 8.0% EBIT 21.1 26.8% 26.7 EBIT margin 4.0% 5.0% Net Financial Income/(expenses) -20.6 -21.2 Contr
Slide 13: Enhanced shareholder returns with higher dividend and buybacks
Enhanced shareholder returns enhanced with higher dividend and buybacks * €9.5 mil. FY ‘24 shareholder remuneration in total. * c.€7.6 million cash dividend (€015 DPS and 80% of total shareholder remuneration) * €1.94 mil. in share buybacks in 2024 (20% of total shareholder remuneration). * The prop
Slide 14: Business Activities
Business Activities
Slide 15: Home Furnishings
Fourlis Home Furnishings
Slide 16: Sees
Sees Sid cee
Slide 17: Network expansion
Network expansion Reinforcing our presence near city-centers in the province Focus on omnichannel approach Leverage digitalization
Slide 18: Home Furnishings (IKEA stores) FY '24
40.0 35.0 30.0 25.0 20.0 15.0 Revenues 346.8 346.1 Gross Profit margin 46.8% - if : FY '23 FY '24 EBITDA (OPR) 422.7% 375 so 30.5 1.0% 25.0 10.8% 9.0% 20.0 8.8% 7.0% 15.0 5.0% 10.0 FY '23 FY '24 mEBITDA (OPR) EBITDA margin (OPR - retail) FY '23 FY '24 EBIT Me 2% 8.5% ck FY '23 FY '24 mmEBIT (retail)
Slide 19: Home Furnishings: years of partnership
Fourlis Home Furnishings Gen) 2 5 yrs of partnership Create a better everyday life for the 3 counties: Greece, Cyprus and Bulgaria. many people 2 2 IKEA stores of different sizes. Ecommerce in all 3 countries. @e IKEA is the world leader in & 4 home furnishings and oe ° accessories. It was founded i
Slide 20: Sportswear
Fourlis Sportswear
Slide 21: Creating a Sports Retail Powerhouse
Fourlis Creating a Sports Retail Powerhouse >» Entering into the fast-growing lifestyle & fashion segment of the sportswear market and expanding geographically through the Partnership with Foot Locker. clip Foot Locke a* An Fc » Foot Locker sets foot in Bulgaria through 3 new stores in top-tier reta
Slide 22: Foot Locker is the No 1 in the sneakers market
Foot Locker is the No 1 in the sneakers market. A game-changing partnership. Geographical expansion across 8 Southeast European countries. High demand for sneakers, underserved growing markets. Powerful Forces combine creating a sports retail powerhouse. Expected to drive substantial growth in marke
Slide 23: Creating a Sports Retail Powerhouse
Fourlis Creating a Sports Retail Powerhouse > Intersport continues its = expansion with 8 new stores in 2024. THE HEART OF FOOTBALL > Launch of the world’s first Intersport Football Club store in Athens. rv Serer hb y | bb yb S | rs rf heh Rune bi | PETE CLEC) whey H F Ta ahh +h dd bb hhh! Aehbds =
Slide 24: Enhance our leadership position in sports performance
Enhance our leadership position in sports performance Enter dynamically in the sports lifestyle market Expand in new geographies Focus on synergies between the brands Focus on E-commerce growth and omnichannel approach Leverage digitalization ¥INTERSPORT [Ree
Slide 25: Sportswear FY '24
Revenues Gross Profit margin +4.1% 1811 _ 47.0% 45.4% 174.0 FY '23 FY '24 FY '23 FY '24 EBITDA (OPR) EBIT 7.0 13.0 412.4% 12.6 74% 219% 53 12.5 6.0 - ee 50 AA 1s ho ne 3.0 2.9% 10s 2.5% 2.0 10.0 95 1.0 9.0 0.0 FY '23 FY '24 FY '23 FY '24 mm@EBITDA (OPR) EBITDA (OPR) margin. mes EBIT margin The. 6.0%
Slide 26: Sportswear
Fourlis Sportswear ¥INTERSPORT is THE HEART OF SPORT Foot Locker| #1 Performance Omni Multi-Brand #1 Gacettern Chaall Sauteed neaker Omni Multi-Bran 24 yrs of partnership Presence since 1974 in 26 countries through 2,454 stores worldwide 4 ties: G R ia, C id Bulgaria. . . . counties: ereece, Romania
Slide 27: Health & Wellness
Fourlis Health & Wellness
Slide 28: High loyalty and conversion, increasing brand awareness
Fourlis High loyalty and conversion, increasing brand awareness Holland“Barrett » within 2024 4 new stores in Athens in line with a 3-tier | strategy. > 10 stores in total & ecommerce shop in Greece. > Examining new opportunities for expansion. > Targeted actions to increase further the awareness.
Slide 29: Like-for-like sales growth yoy
▪ ▪ ▪ ▪ ▪ +50% like-for-like sales growth yoy 29
Slide 30: One of the largest wellness retailers in UK and Europe
One of the largest wellness retailers in UK and Europe. 150 years of history 1,600 stores across 24 countries worldwide. 30
Slide 31: Logistics Services
Fourlis Logistics Services
Slide 32: Establishment of a new international distribution center
Establishment of a new international distribution center of 50k sq.m for Interikea in Aspropyrgos, supplied through the Port of Piraeus, Greece, serving Eastern Mediterranean countries. Strengthening Fourlis Group role as a critical logistics and distribution player in the region. Improved Supply Ch
Slide 33: Trade Logistics
Trade Logistics Schimatari Land: 103,000m? Building: 41,220m2 47 loading and unloading docks for containers and trucks Fully automated pallet operation with 600m of conveyors, 8 automated trucks, sorting cranes & gravity lines. Automated box operation with racking system of 22,000 box locations, 51
Slide 34: Aiming to become a specialized 3rd party logistics company
Aiming to become a specialized company providing 3rd party logistics services covering SE Europe Focus on high productivity and excellent service Operational Management of the Interlkea International Distribution Centre LOGISTICS
Slide 35: ESG Strategy
ESG Strategy
Slide 36: New Sustainability Committee of the BoD
New Sustainability Committee of the BoD. i] ESG under direct strategic oversight Integrated with risk, ethics and operations. " Energy & Emissions = Waste management =" Working Conditions * Social Contribution " Corporate Culture & Governance
Slide 37: Key ESG Performance Highlights - FY 2024
Fourlis Key ESG Performance Highlights - FY 2024 1m:
Slide 38: Appendix
Appendix
Slide 39: Retail business sold and net financial income/(expenses)
Fourlis Fourlis group retail Net financial Income/(Expenses) business sold (ITR / TAF) of the Retail Business (amounts in € mil.) FY ‘23 Total Retail FY '23 FY'24 Revenues 2.2 Interest 78 -6.6 Gross Profit 07 Bank oth 14 12 EBITDA (OPR)* 03 ank expenses & other E . EBIT -0.4 IFRS16 interest 11.4 13.
Slide 40: Thank you
Thank you