Label'vie Sa · CSEMA:LBV
Label'vie Sa — FY2021 Earnings Presentation
28 slides from Label'vie Sa's earnings presentation, Oct 7, 2022
Slide 1: 2021 Annual Results
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Slide 2: Summary
SUMMARY 1. 2021 HIGHLIGHTS 1.1 – Store openings 1.2 – REIT Creation- Terramis 1.3 – Private Bond Issuance 1.4 – Digital Factory 1.5 – Corporate Campaign 1.6 – Partnerships 1.7 – Prizes and Awards 2. 2021 ANNUAL RESULTS ▪ Consolidated Accounts ▪ Balance Sheet Indicators 3. 2022 PERSPECTIVES
Slide 3: 1. 2021 Highlights
1.2021 HIGHLIGHTS LabelVie
Slide 4: 1.1 Store Openings
1 – 2021 HIGHLIGHTS 1.1 – STORE OPENINGS 27 NEW STORES OF WHICH 1 HYPERMARKET & 1 HYPER CASH FOR A TOTAL OF 18 196 SQM 4
Slide 5: Supermarkets Openings for 2021
25 NEW SUPERMARKETS 1 – 2021 HIGHLIGHTS 09 CITIES 1.1 – SUPERMARKETS OPENINGS FOR 2021 Casablanca Other Cities In 2021, 27 new stores were opened in 9 cities, including 2 new cities: • Azrou • Sidi Kacem 5
Slide 6: Supermarkets Openings for 2021
25 NEW SUPERMARKETS 1 – 2021 HIGHLIGHTS 09 CITIES 1.1 – SUPERMARKETS OPENINGS FOR 2021 6
Slide 7: Hypermarket Opening Carrefour in 2021 - Berrechid
1 – 2021 HIGHLIGHTS 1 ADDITIONAL 1.1 – HYPERMARKET OPENING CARREFOUR IN 2021 BERRECHID ▪ Opening Date: June 15th ▪ Sales Area: 4 000 sqm 7
Slide 8: Hyper Cash Opening Atacadao in 2021 - Kenitra
1 – 2021 HIGHLIGHTS 1 ADDITIONAL 1.1 – HYPER CASH OPENING ATACADAO IN 2021 KENITRA ▪ Opening Date: October 22nd ▪ Sales Area: 3 200 sqm 8
Slide 9: 1.2 REIT Creation
1 –2021 HIGHLIGHTS 1.2 – REIT CREATION Identity Governance Denomination: TERRAMIS SPI-RFA Board of Directors Shareholders: ▪ Chairman: Retail Holding ▪ Label’Vie: 99,9% ▪ Asset Manager: MREM ▪ Best Financière: 1 Share ▪ 2 Independent Directors: ▪ Retail Holding: 1 Share Mr. Salaheddine MEZZOUAR Mrs.
Slide 10: 1.3 Private Bond Issuance
1 – 2021 HIGHLIGHTS 1.3 – PRIVATE BOND ISSUANCE LabelVie Group carried out a private bond debt transaction on July 29th 2021 with the following terms: ❑ Amount : MMAD 800 ❑ Type: Unlisted bonds ❑ Terms: ▪ A: In fine over 5 years at variable rate ▪ B: In fine over 5 years at fixed rate ▪ C: Amortized ov
Slide 11: 1.4 Digital Transformation
1 – 2021 HIGHLIGHTS 1.4 – DIGITAL TRANSFORMATION 5 Programs over 3years; Horizon of 2024 Omnicanal ▪ Loyalty ▪ E-commerce Commercial ▪ Procurement ▪ Pricing ▪ Promotions ▪ Assortment ▪ Stores Efficiency Customer-Oriented Organization Opérations ▪ Supply Chain End-to-end ▪ Finance Fonctions support ▪
Slide 12: 1.5 Corporate Campaign
1 – 2021 HIGHLIGHTS 1.5 – Corporate Campagn #DemainSeraMarocain #PourTousEtPourDemain A 360° COMMUNICATION PLATEFORM #Tomorrowismoroccan #Forallandfortomorrow ▪ Corporate Movie ▪ In-store Display ▪ Trucks Display A corporate campaign was launched to highlight the importance of social ▪ Radio Broadca
Slide 13: 1.6 Partnerships
1 – 2021 HIGHLIGHTS 1.6 – Partnerships PARTNERSHIP WITH THE MOROCCAN MINISTRY OF PARTNERSHIP WITH GLOVO INDUSTRY AND TRADE TO ENHANCE LOCAL SOURCING. The group has signed a partnership with Glovo The Group sealed a partnership with the in order to diversify the delivery service of Moroccan ministry
Slide 14: 1.7 Prizes & Awards
1 – 2021 HIGHLIGHTS 1.7 – Prizes & Awards The LABEL’VIE GROUP WAS DISTINGUISHED BY A PRICE « BEST CUSTOMER SERVICE OF 2022» BY FOR THE QUALITY OF ITS ESG REPORT « BAROMETRE SERVICE CLIENT MAROC » Indeed, the Group was ranked among the 3 finalists in the «Consumer Goods» category on Carrefour & Carre
Slide 15: 2. 2021 Annual Results
2. 2021 ANNUAL RESULTS LabelVie
Slide 16: Consolidated Accounts
Consolidated Accounts LabelVie —
Slide 17: 2.1 Consolidated Accounts
2 –2021 Annual Results 2.1 – Consolidated Accounts +7% +14% 1 036,87 REVENUES EBITDA CURRENT +24% +23% NET INCOME RESULT 417,2 2019 Réalisé 2020
Slide 18: 2.2 Consolidated Accounts: Income Statement
2 –2021 Annual Results 2.2 – Consolidated Accounts: Income Statement ❑ Increase of the Turnover: ▪ + MMAD 746 in value, ▪ +7% Vs historic level; ❑ Improvement of the gross margin by MMAD 213, +10% compared to 2020; ❑ Improvement of the EBITDA by 14%, MMAD +127 in value; ❑ The other income includes :
Slide 19: 2.3 Sales Performance
2 –2021 Annual Results 2.3 – Sales Performance GROWTH DESPITE AN EXCEPTIONAL HISTORIC 619 MDH Additionnal Sales thanks to: Sales Evolution vs 2020 ❑ The like for like sales have increased by MAD 47 (Excluding SLV) million despite the exceptional level of sales of the H1 2020 Sales. 15,72% 9,20% ❑ Sa
Slide 20: 2.3 Sales Performance: Sales per Format
2 –2021 Annual Results 2.3 – Sales Performance Sales Per Format + 6% 136 Stores +20% ❑ Increase of the hypermarket segment by 20% : 12 Stores ▪ The increase at constant perimeter by 2% 28% Of the Total Sales of ▪ The contribution of store openings in 2020 and 2021 by MMAD 447 The Group + 2% ❑ Progre
Slide 21: 2.4 EBITDA and Current Income
2 –2021 Annual Results 2.4 – EBITDA and Current Income EBITDA PASSING THE 1 MILLIARD THRESHOLD EBITDA & EBIT Evolution in MMAD EBITDA & EBIT Evolution as % of sales +14% +0,7 point +17% 9,8% 1 037 9,1% 910 +0,5 point 631 5,9% 5,4% 541 EBITDA EBIT EBITDA EBIT 2020 2021 2020 2021 ❑ EBITDA reached a le
Slide 22: 2.5 Financial Result
2 –2021 Annual Results POSITIF FINANCIAL RESULT 2.5 – Financial Result Evolution of Financial Result in MMAD Evolution Of Interest Costs and Financial Result in >+100% MMAD +31% +5% Revenues Interest Costs ❑ The Financial Result went from -16,4 MDH in 2020 to + MMAD 12,8 in 2021 i.e an improvement o
Slide 23: 2.6 Current Income and Net Income
2 –2021 Annual Results 2.6 – Current Income and Net Income Operating Income and Net Income Evolution in MMAD +23% ❑ Operating Income rose from MMAD 524 in 2020 to MMAD 644 644 in 2021, representing a 23% income. +24% 524 ❑ Net Income reached MMAD 417, an increase of 24% compared 417 to 2020. 338 ❑ O
Slide 24: Balance Sheet Indicators
Balance Sheet Indicators LabelVie —
Slide 25: Balance Sheet Indicators
2 – ANNUAL RESULTS Balance Sheet Indicators Balance Sheet items vs. history IMPROVEMENT OF THE CASH AND CASH EQUIVALENT BY 52 MDH IN 2021 VS 2020 ❑ Monitoring of the Net Debt Ratio at 52.4% of the Permanent Financing. ❑ The CAPEX of 2021 stood at MMAD 1 432. ❑ Improvement of the normative operating
Slide 26: 3. 2022 Perspectives
3. 2022 PERSPECTIVES 26
Slide 27: 2022 Perspectives
3 – 2022 Perspectives ❑ To strengthen its position as a multi-format player, LabelVie Group intends to pursue its development and expansion program in 2022; This program should cover all of the Group’s business segments. In January 2022, 2 new stores have opened. ❑ The group is pursuing its digital
Slide 28: Thank You
THANK YOU