Slide 1: Q3 2024 Sales
Q3 2024 Sales October 23rd, 2024
Slide 2: Q3: Solid execution of strategic roadmap
Q1 2024: Key Q3 Solidhighlights execution of strategic roadmap Group sales up +8.8% LFL in Q3 2024 Sequential improvement of all countries vs Q2 excluding Argentina, based on solid fundamentals • Positive signs of evolution of customer behaviors in France and Europe • Continued increase in sales of
Slide 3: Q3 sales growth driven by LFL and M&A
Q3 sales growth driven by LFL and M&A +1.5% +5.5% +8.8% (1.2)% (0.2)% €23,629m €23,983m (11.4)% Q3 2023 LFL Expansion & Petrol Calendar Forex Q3 2024 Gross sales M&A Gross sales Q3 2024 SALES October 23, 2024 3
Slide 4: France: Price investments supporting volumes recovery
France: Price investments supporting volumes recovery Q3 Sales inc. VAT €11,662m €5,725m €3,859m €2,077m France Hypermarkets Supermarkets Other formats Variation vs. Q3 23 +8.3% +11.2% +7.4% +2.6% LFL ex. petrol -3.0% -6.1% -1.5% +1.5% ex. calendar LFL sales down -3.0% on the back of price investmen
Slide 5: Europe: Sequential improvements in all countries in Q3
Europe: Sequential improvements in all countries in Q3 Q3 Sales inc. VAT €6,509m €3,021m €1,020m €1,097m €793m €578m Europe Spain Italy Belgium Romania Poland Variation vs. Q3 23(1) -0.5% -1.8% -5.8% -1.5% +12.2% +2.6% LFL ex. petrol -1.5% -1.1% -3.1% -2.2% +1.5% -3.0% ex. calendar Spain: Ongoing pr
Slide 6: Latin America: Solid growth driven by sound momentum in Brazil
Latin America: Solid growth driven by sound momentum in Brazil Q3 Sales inc. VAT €5,812m €4,847m €3,506m €1,051m €965m €291m (2) Latin America Brazil Atacadão Carrefour Retail Sam's Club Argentina Variation vs. Q3 23(1) -8.0% -8.7% -5.7% -19.7% +1.9% -4.3% LFL ex. petrol +36.4% +5.8% +5.6% +7.1% +3.
Slide 7: Rapid execution of share buyback
Rapid execution of share buyback €700m €84m €616m of buybacks secured to date to be completed €800m by 41.9 million shares repurchased since the €750m beginning of the year €700m year-end 652.3 million outstanding shares to date €616m 2021 2022 2023 2024 Q3 2024 SALES October 23, 2024 7
Slide 8: Key takeaways
Key takeaways Successful execution of major strategic initiatives 1 Intensification of price investments in France and in the rest of Europe Per plan integration of Cora/Match in France Cost savings objective of €1.2bn in 2024 confirmed 2 Signs of positive evolution of consumer behaviors acros
Slide 9: Appendix
a © APPENDIX
Slide 10: CSR Q3 achievements
CSR Q3 achievements • Rating: • For the third consecutive year, Moody's rating for the Group improved, from 76 to 78 out of 100 (an increase of 14 points in three years) • Carrefour's DJSI rating also improved to 68 out of 100 (+3 points) • The Group also maintains its AA rating by MSCI and Prime C+
Slide 11: Q3 2024 gross sales
Q3 Q3 2024 2024 gross gross sales sales Change at Change at LFL Organic growth Gross sales current constant ex. petrol ex. petrol (in €m) exch. rates inc. exch. rates inc. ex. calendar ex. calendar petrol petrol France 11,662 -3.0% -3.8% +8.3% +8.3% Hypermarkets 5,725 -6.1% -7.6% +11.2% +11.2% Super
Slide 12: Q3 2024 technical effects
Q3 2024 technical effects Calendar Petrol Forex France -0.3% -0.8% - Hypermarkets -0.6% -0.3% - Supermarkets -0.1% -2.3% - Others, inc. convenience -0.1% +0.3% - Other European countries -0.2% -0.8% +0.4% Spain -0.2% -1.5% - Italy -0.5% -0.5% - Belgium +0.6% - - Romania -0.3% -0.1% -0.6% Poland -0.6
Slide 13: 9m Q3 2024 gross sales
9m Q3 2024 gross sales Change at Change at LFL Organic growth Gross sales current constant ex. petrol ex. petrol (in €m) exch. rates inc. exch. rates inc. ex. calendar ex. calendar petrol petrol France 31,773 -2.4% -3.5% +0.7% +0.7% Hypermarkets 15,235 -4.3% -6.0% +0.4% +0.4% Supermarkets 10,707 -1.
Slide 14: 9m 2024 technical effects
9m 2024 technical effects Calendar Petrol Forex France +0.0% -0.4% - Hypermarkets +0.1% -0.6% - Supermarkets -0.1% -0.5% - Others, inc. convenience +0.2% +0.2% - Other European countries +0.0% -0.5% +0.5% Spain -0.1% -1.1% - Italy +0.1% -0.3% - Belgium +0.3% - - Romania +0.3% -0.1% -0.8% Poland -0.3
Slide 15: Stores under banners at end Q3 2024
Stores under banners at end Q3 2024 Cash & Soft (#) Hypermarkets Supermarkets Convenience Sam’s Club Total Carry discount France 323 1,169 4,716 154 33 - 6,395 Other European countries 468 2,192 3,247 12 103 - 6,022 Spain 204 161 1,090 - 69 - 1,524 Italy 41 328 809 12 - - 1,190 Belgium 40 350 324 -
Slide 16: Standalone contribution from the acquisition of Cora/Match
Standalone contribution from the acquisition of Cora/Match Reminder: Data shared on 01/07/24 Cora and Match standalone estimated KPIs (before synergies and integration costs) H2 2024e FY 2025e Net sales ~€2.6bn ~€5.0bn Recurring Operating Income ~€20m ~€25m Recurring Capex ~€35m ~€70m Source: Carref
Slide 17: Disclaimer
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