Slide 1: CECONOMY AG Results Presentation Q3 2016/17
CECONOMY AG Results Presentation Q3 2016/17 Duesseldorf, 31 August 2017 Date: 31 Aug 2017 // 1
Slide 2: Disclaimer and Notes
DISCLAIMER the actions of public authorities and other third parties, many of CECONOMY AG business on a stand-alone basis neither in the past which are beyond our control, that could cause actual results, nor in the future and may, in particular, deviate from any historical performance or financial
Slide 3: Highlights and Strategic Initiatives
01 Highlights and Strategic Initiatives Pieter Haas, CEO Date: 31 Aug 2017 // 3
Slide 4: Solid sales and EBITDA/EBIT performance, slightly higher NWC outflow
Solid sales and EBITDA/EBIT performance, slightly higher NWC outflow (€m) (€m) +22 +23 (€m) -27 +1.1% 4,739 -4 4,689 -61 -123 -26 -83 -150 Q3 15/16 Q3 16/17 Q3 15/16 Q3 16/17 Q3 15/16 Q3 16/17 Q3 15/16 Q3 16/17 Sales EBITDA EBIT Change in Net Working Capital // Total sales supported by strong like-f
Slide 5: Independent and ready for the future
Independent and ready for the future // Demerger of METRO GROUP became effective on 12 July 2017 // Start as the largest Consumer Electronics platform in Europe // Independent trading of CECONOMY (ticker: CEC) on the Stock Exchange from 13 July 2017 // Renaming to CECONOMY AG on 11 August 2017 Resul
Slide 6: CECONOMY's point of departure: Europe's largest CE platform
CECONOMY’s point of departure: Europe’s largest CE platform CECONOMY acts as a platform that brings together various businesses, concepts, formats and brands active in the area of Consumer Electronics. All these activities are based on a customer community monetisation business model. We are the 22
Slide 7: CECONOMY acquired 24% stake in FNAC DARTY
CECONOMY acquired 24% stake in FNAC DARTY to gain exposure to attractive French market Acquisition of 24% stake in M&A activities are an integral FNAC DARTY part of CECONOMY’s strategy // Acquisition of approx. 24% stake of FNAC DARTY S.A. from // CECONOMY is constantly considering add-on acquisitio
Slide 8: Financials and Outlook
02 Financials and Outlook Mark Frese, CFO Date: 31 Aug 2017 // 8
Slide 9: Solid overall sales performance supported by strong like-for-like sales
Solid overall sales performance supported by strong like-for-like sales Total and LfL Sales Development (in %) Total LfL Highlights 2.7% // Strong growth in Germany (+1.3% and +5.8% LfL 1.5% 1.2% excl. redcoon, respectively) driven by increased 1.1% demand for white goods, mobile phones and TV 0.1%
Slide 10: Online has been once again among the key sales drivers
Online has been once again among the key sales drivers Online Sales (in €m) Highlights +16% +21% // Online generated sales of MediaMarkt and Saturn 504 2,308 rose by 33% year-on-year or 16% year-on-year incl. 435 1,901 redcoon, respectively // Online sales accounted for 10.6% of total sales // Pick-
Slide 11: Roll-out of smart bars supporting growth in services & solutions
Roll-out of “smart bars” supporting growth in services & solutions Services & Solutions Sales (in €m) Highlights +2% +7% // Services & solutions sales up 2% year-on-year in Q3 299 306 1,238 1,323 and up 7% over the last 12 months // Services & solutions sales accounted for 6.5% of total sales // Ser
Slide 12: Sustained growth in the number of loyalty program members
Sustained growth in the number of loyalty program members Loyalty Members Germany (in k) MM Club Saturn Card* Highlights 3,028 // >13m members already enrolled in loyalty 2,366 programs across 8 countries 1,813 1,235 2,763 // German MediaMarkt Club continues strong growth 793 2,301 1,781 in number o
Slide 13: Opening of smaller stores leading to continued reduction in avg. store size
Opening of smaller stores leading to continued reduction in avg. store size Number of stores H1 16/17 Highlights Q3 16/17 // Selective store expansion with 7 openings and no 9 1,041 20 closures in Q3 2016/17 1,023 7 // Out of this, 4 MediaMarkt stores were opened at MAKRO in Belgium // Additional op
Slide 14: Solid EBITDA/EBIT development particularly in DACH region
Solid EBITDA/EBIT development particularly in DACH region EBITDA & EBIT (bef. special items; in €m) EBITDA EBIT Highlights +22 +23 // Higher profitability mainly due to strong online growth and a marked improvement in the gross -4 margin of 0.7%p. // Increase also supported by tight cost control and
Slide 15: Free Cash Flow improved excluding repayment of loans to METRO support fund
Free Cash Flow improved excluding repayment of loans granted to METRO support fund 9M 2016/17: Free Cash Flow (in €m) Highlights 366 -66 // €200m lower net working capital outflow in 9M -124 2016/17 mainly driven by rise in trade payables -65 111 mainly driven by rise in trade payables and lower tra
Slide 16: Outlook
Outlook Guidance 2016/17 Reported Guidance Confirmed FY 2015/16 1 FY 2016/17 €m Sales 1 Total sales growth +0.6% >0% LfL sales growth +0.1% >0% EBIT before special items 466 >466 2 Investments 406 300 – 350 Next reporting dates Trading statement 2016/17 Wednesday, 25 October 2017 Full-year r
Slide 17: Q&A
Q&A Pieter Haas, CEO Mark Frese, CFO Results Presentation Q3 2016/17 Public Date: 31 Aug 2017 // 17
Slide 18: Investor Relations contacts
Investor Relations contacts Sebastian Kauffmann CECONOMY AG Investor Relations +49 (151) 1511 1615 sebastian.kauffmann@metro.de Benrather Strasse 18-20 40213 Duesseldorf Germany www.ceconomy.de Stephanie Ritschel +49 (151) 5822 2762 stephanie.ritschel@metro.de Silvia Spisla +49 (151) 1511 1450 silvi
Slide 19: Date: 31 Aug 2017
Date: 31 Aug 2017 // 19