Slide 1: Q3 2017 Sales
Q3 2017 SALES October 18th, 2017
Slide 2: Total Q3 Sales: 0.4% growth amid an inflation slowdown
TOTAL Q3 SALES: 0.4% growth amid an inflation slowdown CHANGE IN Q3 SALES +1.0% +0.8% 0.0% +1.9% +0.4% +0.5% +0.6% 0.0% -1.5% €21.8 €21.9 bn bn Q3 2016 LFL Store Q3 2017 Calendar Acquisitions/ Petrol Q3 2017 Forex Q3 2017 ex petrol openings/ organic Disposals at constant at current ex calendar closu
Slide 3: France: Performance impacted by promotional environment and fresh produce deflation
France: Performance impacted by promotional environment and fresh produce deflation Total Sales Hypermarkets Supermarkets Other formats Sales inc. VAT (€m) 10,042 5,167 3,189 1,686 Total variation -1.3% -0.6% -3.0% +0.3% LFL ex petrol ex calendar -0.9% -1.7% -1.2% +2.2% ● Highly promotional environm
Slide 4: Europe: Another quarter of growth
Europe: Another quarter of growth Europe Spain Italy Belgium Sales inc. VAT (€m) 5,894 2,515 1,333 1,059 Total variation +4.8% +9.0% -0.6% -0.5% LFL ex petrol ex calendar +0.6% -0.3% -0.5% -0.5% ● 9th consecutive quarter of growth ● Continued sales uplift at converted Eroski stores in Spain ● Dynami
Slide 5: Latin America: Continued sales growth despite sharp food deflation
Latin America: Continued sales growth despite sharp food deflation LatAm Brazil Sales inc. VAT (€m) 4,290 3,476 Total variation +1.4% +2.6% Variation at constant FX +7.7% +5.3% LFL ex petrol ex calendar +4.4% +1.1% FX impact -6.3% -2.7% ● Like-for-like sales growth in Brazil and Argentina ● Strong f
Slide 6: Asia: Improving performance in the region, continued growth in Taiwan
Asia: Improving performance in the region, continued growth in Taiwan Asia China Sales inc. VAT (€m) 1,633 1,117 Total variation -6.9% -10.2% Variation at constant FX -3.5% -5.5% LFL ex petrol ex calendar -3.0% -4.6% FX impact -3.4% -4.7% ● Improvement in China despite food deflation ● 11th consecut
Slide 7: Total 9M Sales: Solid 4.1% growth
TOTAL 9M SALES: Solid 4.1% growth CHANGE IN 9M SALES +1.3% +4.1% +1.5% +0.5% +2.0% -0.4% +0.8% +0.3% +2.8% €64.9 bn €62.3 bn 9M 2016 LFL Store 9M 2017 Calendar Acquisitions/ Petrol 9M 2017 Forex 9M 2017 ex petrol openings/ organic Disposals at constant at current closures fx rates ex calendar ex pet
Slide 8: Key Takeaways
KEY TAKEAWAYS Continued sales growth in Q3, driven by Europe and Latin America amid heightened competitive pressure and food deflation in several markets: ● French performance impacted by promotional environment and fresh produce deflation ● Another quarter of growth in Europe ● Latin America contin
Slide 9: Appendix
APPENDIX August 30, 2017 | 9
Slide 10: Brazilian food inflation
Brazilian food inflation FOOD AT HOME INFLATION 17% 16% 15% 16% 16% 14% 15% 15% 15% 15% 16% 12% 15% 15% 9% 6% 12% 4% 3% 3% 1% 5% -1% -3% 1% -5% -5% -5% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 2017 Source: Instituto Brasileiro de Geografia e Estatistica (IBGE) Carrefour Q3 2017 Sales l P
Slide 11: Disclaimer
This presentation contains both historical and forward-looking statements. These forward-looking statements are based on Carrefour management's current views and assumptions. Such statements are not guarantees of future performance of the Group. Actual results or performances may differ materially f