Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q1 2025 Earnings Presentation
31 slides from Koninklijke Ahold Delhaize's earnings presentation, May 7, 2025
Slide 1: Q1 2025 results
Qi 2025 results May 7, 2025 Ahold Delhaize
Slide 2: Cautionary notice
cautionary notice This communication includes forward-looking statements. All statements other than competitive labor markets, changes in labor conditions and labor disruptions; statements of historical facts may be forward-looking statements. Forward-looking increases in costs associated with the C
Slide 3: Welcome
Q1 2025 welcome 3 Ahold Delhaize – Q1 2025
Slide 4: Speakers
speakers Frans Jolanda JP Muller Poots-Bijl O’Meara President & Chief Executive Officer Chief Financial Officer SVP Investor Relations 4 Ahold Delhaize – Q1 2025
Slide 5: Ahold Delhaize reports strong first quarter sales growth
• With ongoing geopolitical and macroeconomic uncertainty, the Ahold Delhaize brands remain firmly focused on Ahold Delhaize serving customers and strengthening local customer value propositions. Drawing on decades of operational reports strong first resilience, our brands are agile and adapt to cha
Slide 6: Quarterly performance
Q1 2025 quarterly performance Frans Muller 6 Ahold Delhaize – Q1 2025
Slide 7: Our growth model
our growth model how we will drive growth Our strategic priorities outline the areas and priorities we chose to realize our vision and stay true to our purpose. Our growth model outlines the specific mechanism we will apply to drive growth. Our growth model works in tandem with our six strategic pri
Slide 8: Staying focused, being agile, leveraging strengths
staying focused being agile leveraging to meet strengths customer needs 8 Ahold Delhaize – Q1 2025
Slide 9: Delivering a compelling customer value proposition
delivering a compelling customer value proposition Giant Food lowering the price of >40% of the Stop & Shop fleet has hundreds of own-brand products rolled out lower prices across thousands of products 9 Ahold Delhaize – Q1 2025
Slide 10: Ahold Delhaize – Q1 2025
10 Ahold Delhaize – Q1 2025
Slide 11: Progressing US brands towards personalized offering
progressing US brands increased their towards personalized offering our 80% omnichannel loyalty sales penetration ambition 3.2bn personalized offers during Q1 my Albert my Hannaford rewards >1% pt increase in own-brand penetration 3% pts 7% pts healthy sales penetration increase in loyalty sales 38%
Slide 12: First quarter with Profi in our portfolio
first quarter with Profi in our portfolio adding over 1,700 stores to our European footprint prospected contribution of ~ € 3bn to our sales throughout 2025 12 Ahold Delhaize – Q1 2025
Slide 13: Accelerating new store openings and remodels
accelerating new store openings and remodels 13 Ahold Delhaize – Q1 2025
Slide 14: Stop & Shop store reopening in Framingham
Stop & Shop store reopening in Framingham (MA) 14 Ahold Delhaize – Q1 2025
Slide 15: Driving growth through innovation and efficiency
driving growth through innovation and efficiency 15 Ahold Delhaize – Q1 2025
Slide 16: Healthy communities & planet
healthy communities & planet • successfully priced our third Sustainability-Linked Bond • published our second Green Bond impact report • Carbon Disclosure Project upgraded our EU brands aiming climate rating to A minus for an aggregated • validation of our scope 3 targets in line 50% with SBTi plan
Slide 17: Ahold Delhaize – Q1 2025
17 Ahold Delhaize – Q1 2025
Slide 18: Financial highlights
Q1 2025 financial highlights Jolanda Poots-Bijl 18 Ahold Delhaize – Q1 2025
Slide 19: First quarter results 2025 (underlying)
comparable sales growth excl. gas net sales +3.3% U.S. +3.1% EU +3.7% online €23.3bn sales first €2.5bn vs LY constant rates +5.0% underlying vs LY constant rates quarter operating income1 +13.7% results 2025 €890m vs LY constant rates underlying underlying results +0.9% operating margin1 3.8% vs LY
Slide 20: First quarter results 2025 (IFRS-reported)
diluted EPS €0.60 net sales vs LY actual rates +11.5% €23.3bn online sales first vs LY actual rates +7.1% €2.5bn quarter operating income vs LY actual rates +15.4% results 2025 €880m vs LY actual rates IFRS-reported results +9.6% operating margin 3.8% vs LY actual rates income from +0.1 pts continui
Slide 21: Comparable sales growth trends by region
comparable sales growth trends by region Actuals excluding gas Ex weather/calendar/other Ex. Gas Q1 group comparable sales growth excl. gas U.S. Q1 Europe Q1 +3.3% +3.1% +3.7% 4.7% 4.9% 4.7% 4.8% 3.9% 3.7% 3.1% * 2.8% 2.6% 2.4% 1.6% 1.4% 1.2% 1.2% 1.2% 0.8% 0.8% 0.8% -0.5% -0.4% Q1 2024 Q2 2024 Q3 2
Slide 22: Strong growth in our online businesses
strong growth in our online businesses • 4th consecutive quarter of double-digit growth in online grocery • expanded the accessibility of same-day delivery options in the U.S. • Albert Heijn’s “Neighborhood Delivery Bundle” as an example of how innovation, AI and smart solutions boost productivity >
Slide 23: US Q1 2025 highlights
US Q1 2025 highlights net sales expanding brand Giant Food €13.9bn strength new store at South Lake Marketplace, representing +1.8% vs LY at constant rates a testament to community and densifying our markets partnership online sales growth ADUSA Stop & Shop 17.9% positive volumes for the second cons
Slide 24: Impressive performance at Food Lion
impressive performance at Food Lion nearly 50 consecutive quarters of 40% online sales growth comp store sales growth 152 stores to be remodeled in 1.5bn meals donated since 2014 the Charlotte market 24 Ahold Delhaize – Q1 2025
Slide 25: EU&I Q1 2025 highlights
EU&I Q1 2025 highlights strong results net sales Delhaize €9.3bn led by Benelux rolling out new packaging to refresh Own Brand assortment, increasing +10.1% vs. LY on-shelf visibility at constant rates online sales growth Profi Albert Heijn 10.1% integration of Profi contributed €647m in sales AH Te
Slide 26: Q1 free cash flow bridge
Q1 free cash flow bridge due to cycling the divestment of two meat FCF Q1 2025 vs Last Year (in €m) facilities in the U.S. 163 2 -62 376 -188 -43 199 -49 FCF Other Operating Changes in Income Tax Net Net Lease FCF Q1 2024 Cash Flow Working Capital Paid Investments interest paid repayments Q1 2025 26
Slide 27: Outlook 2025
around €2.7 billion at least gross capital expenditures €2.2 billion at least free cash flow €1.25 billion mid-to save for our customers outlook high-single digit growth 2025 underlying EPS1 underlying operating margin 1. Based on an average U.S. Dollar/Euro exchange rate for 2025 of around 4.0% yea
Slide 28: Q&A
Q&A
Slide 29: Calendar
Q1 2025 calendar 29 Ahold Delhaize – Q1 2025
Slide 30: Corporate calendar
corporate calendar rolling 12 months Q2 Q3 Q4 Q1 2025 2025 2025 2026 April 9 August 6 November 5 February 11 Annual General Meeting of Results Q2 2025 Results Q3 2025 Results Q4 & FY 2025 shareholder May 7 Results Q1 2025 30 Ahold Delhaize – Q1 2025
Slide 31: Thank you
thank you Ahold 31 Delhaize - Q2 2024
Koninklijke Ahold Delhaize — Q1 2025 Earnings Presentation on 6ix