Slide 1: Groupe Carrefour H1 and Q2 sales
Groupe Carrefour H1 and Q2 sales 16 July 2009
Slide 2: Key H1 highlights
Key H1 highlights • Challenging economic environment • Low food inflation and signs of deflation in some countries • Tough economic conditions resulting in: - Continued trade-off between producer brands and private labels - Growing importance of promotional activity - Discretionary spending under pr
Slide 3: H1 sales excluding petrol down 0.4%
H1 sales excluding petrol down 0.4% H1 sales inc VAT at current exchange rates (€m) H1 2008 47 096 Including petrol -2.0% H1 2009 46 160 H1 2008 42 994 Excluding petrol -0.4% H1 2009 42 837 3
Slide 4: H1-2009 sales: resilient in a difficult market environment
H1-2009 sales: resilient in a difficult market environment Change in H1- 2009 sales, excluding petrol, adjusted for calendar impact (index H1-2008 = 100; % change) 0.6 (1.4) (1.6) 2.6 100 101.6 99.6 100.2 Like sq.m & Calendar H1-2009 Fx impact H1 - 2009 H1 - 2008 for like acquisitions impact const.
Slide 5: Q2 sales excluding petrol up 0.7%
Q2 sales excluding petrol up 0.7% Q2 sales inc VAT at current exchange rates (€m) Q2 2008 23 721 Including petrol -1.2% Q2 2009 23 443 Q2 2008 21 525 Excluding petrol +0.7% Q2 2009 21 670 5
Slide 6: Q2 2009 sales: slight improvement over Q1
Q2 2009 sales: slight improvement over Q1 Change in Q2 2009 sales, excluding petrol, adjusted for calendar impact (index H1-2008 = 100; % change) (0.2) (1.4) (0.5) 2.5 100 101.8 99.6 100.4 Like Calendar Q2-2009 Fx impact Q2 - 2009 Q2 - 2008 sq.m & for like impact const. FX current FX acquisitions ad
Slide 7: Q2 sales: improvement in G4 and Asia, continued good trends in Latin America
Q2 sales: improvement in G4 and Asia, continued good trends in Latin America Change in LFL sales excluding petrol (%) LFL ex petrol % G4 (3.5) (1.4) 4.6 Q1 2009 Latin America 7.9 Q2 2009 (6.7) Asia (4.5) Europe (3.8) growth markets (2.8) 7
Slide 8: France: stable sales excluding petrol and adjusted for calendar
France: stable sales excluding petrol and adjusted for calendar Change in Q2 2009 sales, excluding petrol LFL excluding petrol (index Q2 2008 = 100; % change) and adjusted for calendar (%) 0.8 (0.2) (0.5) 100 100.1 Q1 2009 (0.4) Q2 2009 0.3 Like sq.m & Calendar Q2 2009 Q2 2008 for like acquisitions
Slide 9: Spain: economic environment further impacting performances
Spain: economic environment further impacting performances Change in Q2 2009 sales, excluding petrol LFL excluding petrol (index Q2 2008 = 100; % change) and adjusted for calendar (%) 1.3 0.5 100 (6.5) 95.3 Q1 2009 (4.7) Q2 2009 (6.0) Like sq.m & Calendar Q2 2009 Q2 2008 for like acquisitions impact
Slide 10: Italy: slight improvement in Q2 sales over Q1
Italy: slight improvement in Q2 sales over Q1 Change in Q2 2009 sales, excluding petrol LFL excluding petrol (index Q2 2008 = 100; % change) and adjusted for calendar (%) 100 (3.1) (0.4) 0.3 96.8 Q1 2009 (3.5) Q2 2009 (2.8) Q2 2008 Like sq.m & Calendar Q2 2009 for like acquisitions impact adj. for a
Slide 11: Belgium: slight improvement in Q2 sales over Q1
Belgium: slight improvement in Q2 sales over Q1 Change in Q2 2009 sales, excluding petrol LFL excluding petrol (index Q2 2008 = 100; % change) and adjusted for calendar (%) 0.5 100 (1.0) (1.1) 98.4 Q1 2009 (2.8) Q2 2009 (2.1) Q2 2008 Like Sq.m & Calendar Q2 2009 for like acquisitions impact adj. for
Slide 12: Brazil: strong growth
Brazil: strong growth Change in Q2 2009 sales at constant ex. rates, excluding petrol, LFL excluding petrol (index Q2 2008 = 100; % change) and adjusted for calendar (%) 9.7 (0.9) 116 7.2 100 Q1 2009 4.3 Q2 2009 6.3 Like sq.m & Calendar Q2 2009 Q2 2008 for like acquisitions impact adj. for (1) adjus
Slide 13: China: improvement over Q1
China: improvement over Q1 Change in Q2 2009 sales LFL excluding petrol at constant ex. rates, excluding petrol, and adjusted for calendar (%) (index Q2 2008 = 100; % change) 11.2 0 111 100 (0.2) Q1 2009 (5.4) Q2 2009 (0.2) Q2 2008 Like sq.m & Calendar Q2 2009 for like acquisitions impact adj. for a
Slide 14: Continued growth of hard discount thanks to Dia
Continued growth of hard discount thanks to Dia Change in Q2 2009 sales LFL at constant ex. rates adjusted for calendar (%) (index Q2 2008 = 100; % change) 2.0 103.4 2.1 100 (0.7) Q1 2009 0.3 Q2 2009 1.3 Q2 2008 Like sq.m & Calendar Q2 2009 for like acquisitions impact adj. for adjustment calendar i
Slide 15: H2 priorities
H2 priorities • Consolidate our market share in our key countries • Capitalize on our brand (eg Carrefour Discount) • France: accelerate banner convergence - 880 stores converted by October of which all integrated supermarkets - 20 Dia stores - 60 Carrefour City and Contact stores • Italy: transform