Slide 1: Q3 2019 Sales
Q3 2019 Sales October 22, 2019
Slide 2: Q3 2019 Highlights
Q3 2019 Highlights ANOTHER QUARTER OF GROWTH RAPID EXECUTION OF 2022 PLAN Group LFL sales up +2.3% Carrefour continues the overhaul of its model to support sustainable and profitable growth Return to growth in Spain (+1.5% LFL) Multiple initiatives for customer satisfaction: Net Good commercial mome
Slide 3: Carrefour 2022 Recent initiatives
01 Carrefour 2022 Recent initiatives
Slide 4: Leader in the food transition for all
Leader in the food transition for all CONCRETE ACTIONS TO STRENGTHEN LEADERSHIP DEVELOPING ORGANIC PRODUCTS • Organic products sales up +25% in Q3 2019 • Carrefour consolidates its leadership position in France • Own assortment now above 1,000 SKUs, of which 750 Carrefour Bio-branded SUPPORTING AGRI
Slide 5: Construction of a sustainable and profitable growth model (1/2)
Construction of a sustainable and profitable growth model (1/2) PRIORITY GRANTED TO CUSTOMER SATISFACTION • NPS® generalization and incorporation into the variable remuneration scheme of Carrefour’s management • First tangible results in Spain, Argentina and Poland INITIATIVES TO IMPROVE PRICE AND N
Slide 6: Construction of a sustainable and profitable growth model (2/2)
Construction of a sustainable and profitable growth model (2/2) PROFOUND REVAMP OF HYPERMARKETS • Reduction of underproductive sales area: 110,000 sqm at end-September • Revamp of French hypermarkets: Roll-out of a new compact concept in the Dijon and Flins-sur-Seine stores ACCELERATION IN E-COMMERC
Slide 7: Operational efficiency and financial discipline
Operational efficiency and financial discipline CONTINUED ACTIONS TO IMPROVE OPERATIONAL PERFORMANCE AND TRANSFORM ORGANIZATIONS ORGANIZATIONAL TRANSFORMATION • Hypermarket transformation plan in France • Implementation of the Collective Contractual Severance has started with more than 2,600 planned
Slide 8: Financial analysis
02 Financial analysis
Slide 9: Q3 2019 Sales: Another quarter of growth, +2.3% LFL
Q3 2019 Sales: Another quarter of growth, +2.3% LFL +1.1% -0.9% +2.3% +0.5% -1.4% +1.5% -0.8% +0.7% €(204)m -0.9% +0.4% +12.8% +2.3% France Europe LatAm Asia €20.4 €20.2 €20.1 €20.0 bn bn bn bn Q3 2018 LFL Calendar Openings Scope, Petrol Q3 2019 Forex Q3 2019 IAS 29 Q3 2019 restated ex petrol closur
Slide 10: France: Tough comparable base, price investments and reduced promotional intensity
France Tough comparable base, price investments and reduced promotional intensity Convenience & Q3 - in €m Total Sales Hypermarkets Supermarkets other formats Sales inc. VAT 9,768 4,941 3,220 1,608 Total variation -3.2% -4.7% -2.2% -0.9% LFL ex. petrol ex. -0.9% -3.6% +1.5% +2.2% calendar* *Q3 2019
Slide 11: Other European countries
Other European countries Best LFL growth since the launch of the Carrefour 2022 plan Q3 - in €m Total Sales Spain Italy Belgium Poland Romania Sales inc. VAT 5,832 2,512 1,221 1,015 523 561 Total variation +0.5% +1.6% -2.9% -2.9% +5.9% +5.2% LFL ex. petrol +0.4% +1.5% -2.3% -2.8% +6.2% +2.8% ex. cal
Slide 12: Latin America: Continued strong momentum
Latin America Continued strong momentum Q3 - in €m Total Sales Brazil Carrefour Retail Atacadão Argentina** Sales inc. VAT 4,026 3,436 1,095 2,341 590 Total variation +11.4% +13.0% +11.8% +13.6% +3.0% LFL ex. petrol ex. +12.8% +3.8% +8.8% +1.8% +58.7% calendar* *Q3 2019 calendar effect is estimated
Slide 13: Asia: Growth in Taiwan
Asia Growth in Taiwan Q3 - in €m Total Sales Taiwan Sales inc. VAT 574 574 Total variation +5.3% +5.3% LFL ex. petrol ex. calendar* +2.3% +2.3% *Q3 2019 calendar effect is estimated at -0.6% in Taiwan. No petrol sales in Asia. Solid performance of Taiwan (+2.3% LFL), with successful campaigns during
Slide 14: Ambitions confirmed
Ambitions confirmed Operational targets FINANCIAL OUTLOOK €2.6bn cost • Reduction of 350,000 sqm hypermarket sales area worldwide by 2022 reduction plan on an annual basis by 2020 • -15% reduction in assortments by 2020 €4.2bn of food • Carrefour-branded products accounting for one-third of sales in
Slide 15: Appendix
<6 Appendix October 22, 2019 ET SI VOUS TROUVEZ MOINS CHER AILLEURS ON VOUS REMBOURSE 2 FOIS LA DIFFERENCE !
Slide 16: Q3 2019 gross sales
Q3 2019 gross sales Change at current Change at constant LFL Organic growth Gross sales exch. rates inc. exch. rates inc. ex. petrol ex. petrol (in €m) petrol petrol ex. calendar ex. calendar France 9,768 -3.2% -3.2% -0.9% -2.4% Hypermarkets 4,941 -4.7% -4.7% -3.6% -4.2% Supermarkets 3,220 -2.2% -2.
Slide 17: Nine-month 2019 gross sales
Nine-month 2019 gross sales Change at current Change at constant LFL Organic growth Gross sales exch. rates inc. exch. rates inc. ex. petrol ex. petrol (in €m) petrol petrol ex. calendar ex. calendar France 28,518 -2.7% -2.7% +0.2% -1.0% Hypermarkets 14,549 -3.2% -3.2% -1.6% -2.1% Supermarkets 9,482
Slide 18: Q3 technical effects
Q3 technical effects Calendar Petrol Forex France +0.6% -1.8% - Hypermarkets +0.5% -1.0% - Supermarkets +0.6% -1.1% - Others, inc. convenience +0.7% -5.9% - Other European countries +0.5% -0.0% -0.2% Spain +0.3% -0.4% - Italy +0.1% +0.4% - Belgium +1.9% - - Poland +0.3% -0.1% -0.4% Romania -0.2% -0.
Slide 19: Stores under banners at end Q3 2019
Stores under banners at end Q3 2019 (#) Hypermarkets Supermarkets Convenience Cash & Carry Total France 248 1 068 3 927 145 5 388 Other European countries 452 1 775 2 599 55 4 881 Spain 205 109 791 23 1 128 Italy 51 410 614 14 1 089 Belgium 40 442 301 0 783 Poland 89 152 640 0 881 Romania 35 262 46
Slide 20: Disclaimer
This presentation contains both historical and forward- looking statements. These forward-looking statements are based on Carrefour management's current views and assumptions. Such statements are not guarantees of future performance of the Group. Actual results or performances may differ materially