Koninklijke Ahold Delhaize N.v. · EURONEXT:AD

Koninklijke Ahold Delhaize — Shareholder Meeting (April 2015)

61 slides from Koninklijke Ahold Delhaize's shareholder meeting presentation, Apr 15, 2015

  1. Slide 1: Algemene Vergadering van Aandeelhouders 2015

    15 APRIL 2015 Algemene Vergadering van Aandeelhouders 2015

  2. Slide 2: Agendapunt 1 / Agenda item 1: Opening

    Agendapunt 1 / Agenda item 1 • Opening

  3. Slide 3: Ahold in 2014

    Ahold in 2014 Dick Boer CEO

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  5. Slide 5: Change is in our DNA

    Change is in our DNA 1895 1930-60s 2000’s Today Customer assistance Self service Loyalty programs, Serving customers Dry groceries Fresh groceries XL, convenience, Anyhow, Few corner stores National coverage stores (NL) general merchandise, Anytime, In-store packaging Production companies & DC’s org

  6. Slide 6: Reshaping Retail framework

    Reshaping Retail framework We ha bust busi | we are keeping built on strong local brands. our promises... Ahold is becomin Creating gram geith a better place to shop, PS “Ng, a better place to work, ws Enabling growth: Better place to shop Better every day Better place to work ice. Better value. Bet

  7. Slide 7: Highlights 2014

    Highlights 2014 Financial Investments in growth Dividends, share buyback • FY sales +0.8% at constant • Investments in omni-channel: • €2.7 billion returned to shareholders currencies; Q4 sales +2.6% • Albert Heijn Online introduced in Belgium • Proposed dividend increase of 2.1% • Improving sales t

  8. Slide 8: Our promises

    Our promises Better place to shop Better every day Better Better place to work neighbor & Ahold

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    9

  10. Slide 10: Omni-channel: Offering customers their channel of choice

    Omni-channel: Offering customers their channel of choice Compact Specialty Pick-up Online non- Supermarkets Online food Convenience Gasoline hypers stores points food delivery delivery stores stations

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  13. Slide 13: AH XL Eindhoven

    AH XL Eindhoven & Ahold

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  17. Slide 17: Vždy čerstvé

    vZy GERSTVE PECIVO

  18. Slide 18: Biologisch

    Biologisch voukoren Beschuit Biologi a aes cet Biologische meen faa A paneerMeeL LOSISCHES PANIERMEHL

  19. Slide 19: Better place to shop

    Better place to shop Better every day Better Better place to work neighbor & Ahold

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    20

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  22. Slide 22: Better every day

    Better place to shop Better every day Better Better place to work neighbor & Ahold

  23. Slide 23: Better neighbor

    F ROUD TO Sup OUR LOCAL FARMPs HP spinach, GREEN? Be 2 RENE Better neighbor e@ Healthy living choices made easy @ Contribution to community well-being e@ Responsibly sourced products @ Care for the environment

  24. Slide 24: Responsible Retailing Report 2014

    Responsible 24 Retailing Report 2014

  25. Slide 25: Reshaping Retail framework

    Reshaping Retail framework We ha bust busi | we are keeping built on strong local brands. our promises... Ahold is becomin Creating gram geith a better place to shop, PS “Ng, a better place to work, ws Enabling growth: Better place to shop Better every day Better place to work ice. Better value. Bet

  26. Slide 26: Looking ahead

    Looking ahead • Our business wheel is still core to our strategy • We are investing in price, price perception, customer experience in our stores • We continue to invest in future growth with our omni-channel strategy: more customers, more places, more choices • Maintain a strong balance sheet and c

  27. Slide 27: Thank you

    Thank you

  28. Slide 28: we StopsShop’

    we StopsShop’ ev = sciz> ums (Ahold aver Peaped bol.com® w Giant & Ahold

  29. Slide 29: Financial review

    Financial review Jeff Carr CFO

  30. Slide 30: Operating performance

    Operating performance (in millions of euros) Full year • Strong Q4 sales driven by improved identical sales in 2014 2013 Change Change* the U.S. and the Netherlands Sales 32,774 32,615 0.5% 0.8% • Strong online sales growth reaching € 1.4 billion Gross profit margin 26.5% 26.6% (0.1) (0.1) consumer

  31. Slide 31: Underlying operating income by segment

    Underlying operating income by segment (in millions) Ahold USA The Netherlands Czech Republic • Investments in the customer proposition resulted in lower 2014 Change 2014 Change 2014 Change* margins in the U.S. with Sales $25,976 (0.5%) €11,696 1.8% €1,521 11.7% improved sales trends through the yea

  32. Slide 32: Simplicity cost and efficiency improvement program

    Simplicity cost and efficiency improvement program Functional split 2014 (in %) All our businesses have successful cost and efficiency 26 improvement programs underway Commercial improvements Delivered €385 million in 2014: Overhead reduction 10 64 • Commercial improvements Operational efficiencies

  33. Slide 33: Adjusted net income

    Adjusted net income (in millions of euros) Full year 2014 2013 Change Underlying operating income 1,267 1,379 (8.1%) Operating income 1,250 1,239 0.9% Net financial expenses (235) (291) 19.2% Income taxes (248) (153) 62.1% Share in income (loss) of joint ventures 24 10 140.0% Income from continuing

  34. Slide 34: Dividend

    Dividend Dividend 2014 • €0.48 per common share Timetable • April 17, 2015 Ex-dividend date • April 20, 2015 Dividend record date • April 30, 2015 Payment date

  35. Slide 35: Free cash flow

    Free cash flow (in millions of euros) • Continued strong free cash flow of €1.1 billion in 2014 1,109 • Expected cash flow for 2015 broadly 1,029 1,051 1,055 in line with 2014 845 • The € / USD rate in 2014 was 1.33: Sensitivity of $0.10 decrease results in €53 million additional free cash flow 2010

  36. Slide 36: Uses of cash

    Uses of cash (in millions of euros) Continuous balanced investments Attractive shareholder returns 929 3.000 0,6 846 807 830 732 2.500 0.48 0,5 701 2.000 1,008 0,4 0.29 1.500 414 0,3 1.000 328 457 0,2 159 190 500 1,232 395 0,1 837 415 768 30 9 400 0 277 0 2010 2011 2012 2013 2014 2011 2012 2013 2014

  37. Slide 37: Capital structure

    Capital structure (in billions of euros) Further reduction of excess liquidity Lease adjusted leverage close to target 4,0 2,8 • €1 billion capital repayment and €2 billion 2,6 1,9 1,9 share buyback program completed during -0,9 2014 1.3 • Cash balances* down €2.1 billion to 0,7 €1.9 billion 1,1 1,4

  38. Slide 38: Financial strategy

    Financial strategy Balanced investment in growth and return excess cash Return on capital Cash Top quartile of the sector generation Capital structure guidelines • Net lease-adjusted debt to EBITDAR around 2x Earnings RoCE • Liquidity around €2 billion growth • Committed to investment grade credit r

  39. Slide 39: Summary 2014 & Outlook 2015

    Summary 2014 & Outlook 2015 • Sales growth in 2014 of 0.8% at constant exchange rates, with improved sales trends through the year • Simplicity cost and efficiency improvement program delivered €865 million for 2012-2014 • Continued strong free cash flow in 2014 of €1.1 billion • Proposed dividend i

  40. Slide 40: Thank you

    Sinds 1207 = a = =

  41. Slide 41: Beloningsbeleid Raad van Bestuur

    Belonings beleid Raad van Bestuur Rob van den Bergh

  42. Slide 42: Evaluatie Beloningsbeleid

    Evaluatie Beloningsbeleid Doel en link met strategie Beleid Met het basis salaris heeft Ahold tot doel RvB leden met Het basis salaris wordt jaarlijks geëvalueerd en specifieke vaardigheden en ervaring, nodig voor de vergeleken met de salarissen betaald door bedrijven in Basis salaris implementatie

  43. Slide 43: Cautionary notice

    Cautionary notice This presentation includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events t

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  45. Slide 45: Stem procedure / Voting procedure

    Stem procedure / Voting procedure • Om te stemmen, druk 1, 2 of 3 • Register your vote by pressing 1, 2 or 3 1 = voor / for 2 = tegen / against 3 = onthouding / abstention • Correctie / Correction • Maak opnieuw uw keuze. Uw laatste keuze geldt. • Make your choice again. Your last choice will be reg

  46. Slide 46: Agendapunt 5 / Agenda item 5

    Agendapunt 5 / Agenda item 5 • Voorstel tot vaststelling van de jaarrekening over het boekjaar 2014 • Proposal to adopt 2014 financial statements

  47. Slide 47: Agendapunt 6 / Agenda item 6

    Agendapunt 6 / Agenda item 6 • Voorstel tot vaststelling dividend over het boekjaar 2014 • Proposal to determine the dividend over financial year 2014

  48. Slide 48: Agendapunt 7 / Agenda item 7

    Agendapunt 7 / Agenda item 7 • Voorstel tot het verlenen van décharge aan de leden van de Raad van Bestuur • Proposal for discharge of liability of the members of the Management Board

  49. Slide 49: Agendapunt 8 / Agenda item 8

    Agendapunt 8 / Agenda item 8 • Voorstel tot het verlenen van décharge aan de leden van de Raad van Commissarissen • Proposal for discharge of liability of the members of the Supervisory Board

  50. Slide 50: Agendapunt 9 / Agenda item 9

    Agendapunt 9 / Agenda item 9 • Samenstelling van de Raad van Bestuur • Voorstel tot benoeming van de heer A.D. Boer tot lid van de Raad van Bestuur voor een nieuwe termijn met ingang van 15 april 2015 • Composition of the Management Board • Proposal to appoint Mr. A.D. Boer as a member of the Manage

  51. Slide 51: Agendapunt 10 / Agenda item 10

    Agendapunt 10 / Agenda item 10 • Samenstelling van de Raad van Commissarissen • Voorstel tot benoeming van de heer R.F. van den Bergh tot lid van de Raad van Commissarissen voor een nieuwe termijn met ingang van 15 april 2015 • Composition of the Supervisory Board • Proposal to appoint Mr. R.F. van

  52. Slide 52: Agendapunt 11 / Agenda item 11

    Agendapunt 11 / Agenda item 11 • Voorstel tot wijziging van het bezoldigingsbeleid Raad van Bestuur • Proposal to amend the remuneration policy Management Board

  53. Slide 53: Agendapunt 12 / Agenda item 12

    Agendapunt 12 / Agenda item 12 • Voorstel tot wijziging van de statuten a. Voorstel tot wijziging van de statuten om het maatschappelijk kapitaal van de Vennootschap te verminderen • Proposals to amend the Articles of Association a. Proposal to amend the Articles of Association to reduce the authori

  54. Slide 54: Agendapunt 13 / Agenda item 13

    Agendapunt 13 / Agenda item 13 • Benoeming Accountant • Voorstel tot benoeming van PricewaterhouseCoopers Accountants N.V. als externe accountant van de Vennootschap voor het boekjaar 2015. • Appointment Auditor • Proposal to appoint PricewaterhouseCoopers Accountants N.V. as external auditor of the

  55. Slide 55: Agendapunt 14 / Agenda item 14

    Agendapunt 14/ Agenda item 14 • Aanwijzing tot uitgifte van aandelen • Authorization to issue shares

  56. Slide 56: Agendapunt 15 / Agenda item 15

    Agendapunt 15/ Agenda item 15 • Aanwijzing tot het beperken of uitsluiten van voorkeursrechten • Authorization to restrict or exclude pre-emptive rights

  57. Slide 57: Agendapunt 16 / Agenda item 16

    Agendapunt 16/ Agenda item 16 • Machtiging tot inkoop van eigen aandelen • Authorization to acquire shares

  58. Slide 58: Agendapunt 17 / Agenda item 17

    Agendapunt 17/ Agenda item 17 • Intrekking van gewone aandelen • Cancellation of common shares

  59. Slide 59: Agendapunt 18 / Agenda item 18

    Agendapunt 18/ Agenda item 18 • Sluiting • Closing

  60. Slide 60: Questions & Answers

    Questions & Answers

  61. Slide 61: Thank you

    Thank you

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