Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — H1 2021 Earnings Presentation
19 slides from Sonae Sgps Sa's earnings presentation, Jul 30, 2021
Slide 1: First half Results 2021
2021 First half Results 30% JULY 2021
Slide 2: Challenging months: lockdown and reopening
2021 challenging 6 months 2021 + ----------- w------- 4------ | | | Jan. 15th - April 19% since April 19¢ LOCKDOWN | 11 weeks Post-LOCKDOWN * Food and electronics stores were open but with limited hours and capacity per sqm * Gradual easing of restrictions with limits * Food retailers were banned fr
Slide 3: Active portfolio management and strategy execution
Active portfolio management and strategy execution Seapets, 2 AREER es | worten TBS FS vaEIM Restructuring Acquisition of an Partnership in the Delivery on strong Sale of its 50% process in Spain to additional 10% financial services track record of value stake in Maxmat* achieve profitable stake to
Slide 4: Business by business view
Business by business view
Slide 5: Sonae MC
Sonae MC Turnover LfL Underlying EBITDA €M % (Wi Hupers Supers | New growth bus. €M, % 2,377 nae fabs 2,138 42.3% 1H19R 1H20 R 1H21 123 -16.8 1H20 R 1H21 R- Restated as Maxmatwas considered as asset held for sale and all periods were restated to consider this asset as discontinued operation. 1H21 RE
Slide 6: Worten
Worten Turnover Online Sales Underlying EBITDA €M €M EM, % 15 3.2% 1H19 1H20 1H21 1H19 1H20 1H21 1H19 1H20 1H21 1H21 RESULTS
Slide 7: Sonae Fashion
Sonae Fashion Turnover Online Sales Underlying EBITDA €M 174 131 Is LfL +5.1% €M 1H19 1H20 1H21 1H19 1H20 1H21 RESULTS 1H21 €M | nes =i! 1H19 1H20 1H21
Slide 8: ISRG
ISRG Turnover Online Sales EBITDA €M €M €M, % #18.0% 363 326 s08 28 31 85% B.5% [| L6M19. ss L6M20.—s LEM L6M19.—«L6EM20..—«L6M21 L6EM19.«L6M20.—sL6M21 Note: Due to calendar reporting dates of JD Sports (the main shareholder of the JV), SRG figures for the LGM 21 ended last May 1°. 1H21 RESULTS
Slide 9: Sonae Sierra
Sonae Sierra Total Rents (#1) Occupancy rate NAV 1H21, var. vs 1H20, % 1H21,% €M S a 902 911 | -22 Portugal Total Europe Portugal Total Europe Dec 20 Jun 21 1H21 RESULTS
Slide 10: Sonae FS
Sonae FS Turnover* Universo card Digital clients eM 35 ia 30 Market share in credit Portugal (%) 14.8 15.0 k “> 509 470 1H19 1H20 * Proportional figures with 50% MDS. 1H21 may-20 may-21 1H21 RESULTS mar-21 jun-21 10
Slide 11: Sonae IM
Sonae IM Turnover Capex NAV* €M owe 8% €M,L12M €M [ey 314 305 1H19R 1H20R 1H21 jun-20 jun-21 dec-20 jun-21 R - Restated as Bizdirect was considered as asset held for sale and all periods were restated to consider this asset as discontinued operation. 1H21 RESULTS *NAV of the active portfolio: Fair v
Slide 12: NOS
NOS Turnover EBITDA Net income €M €M, % €M +1.8% 722 667 678 331 31 307 45.9% 46.6% Ba SB 7h f . ow 1H19 1H20 1H21 1H19 1H20 1H21 1H19 1H20 1H21 1H21 RESULTS 12
Slide 13: Consolidated view
Consolidated view 18
Slide 14: Consolidated Operational Performance
Consolidated Operational Performance Turnover Underlying EBITDA Net results (group share) 3,054 oe 246 = ) 62 -76 1H20R 1H21 1H20R 1H21 1H20R 1H21 Maxmat from Sonae MC and Bizdirect from Sonae IM were considered as assets held for sale and all periads in 2020 and 2021 were restated to consider these
Slide 15: Free Cash Flow
Free Cash Flow FCF bridge L12M, €M 42800 55 -252 123 —— | 29 323 | sn i -101 109 EBITDA Workingcap. Operational Operational Net financial M&A capex = Sale of assets Dividends _ FCF before (inc.rents and others capex cash flow activity received dividends paid and taxes) 1H21 RESULTS 15
Slide 16: Group Leverage
Group Leverage Net Debt Holding LTV €M % 239 15% 11% 1H20 var 1H21 1H20 1H21 1H21 RESULTS 16
Slide 17: Leverage of each Business
Leverage of each Business SONAE MC NOS SONAE SIERRA Total Net Debt / und. EBITDA Net Financial Debt / EBITDA LTV (net) after leases 0, 3.4x 3.3X 24% - Ff ; - 1H20 1H21 1H20 1H21 1H20 1H21 1H21 RESULTS W
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Slide 19: Contacts
7 Fa a at Ed fo} I CONTACTS Patricia Vieira Pinto Head of Investor Relations pavpinto@sonae,pt Tel: + 35122 0104794 PROPERTY Sonae Lugar do Espido Via Norte 4471-909 Maia, Portugal Tel. + 35122 948 7522 www.sonae.ot July, 2021