Carrefour Sa · EURONEXT:CA
Carrefour Sa — Q3 2021 Earnings Presentation
19 slides from Carrefour Sa's earnings presentation, Oct 20, 2021
Slide 1: Q3 2021 Sales
Q3 2021 SALES October 20, 2021
Slide 2: Q3 2021 Sales up +0.8% LFL at €20.5bn
Q3 2021 Sales up +0.8% LFL at €20.5bn +4.0% +2.0% +0.1% 20,468 (0.7)% +1.7% +0.8% 19,690 Q3 2020 LFL Expansion & Petrol Calendar Forex Q3 2021 M&A Q3 2021 SALES October 20, 2021 2
Slide 3: 2-year LFL growth remains at a high level
2-year LFL growth1 remains at a high level +10,9% +10,9% +9,2% +4,5% +3,0% FY 2018 FY 2019 FY 2020 H1 2021 Q3 2021 (1) Sum of N and N-1 LFL Q3 2021 SALES October 20, 2021 3
Slide 4: France: Resilient performance against high comps and temporary Covid restrictions
FRANCE France Resilient performance against high comps and temporary Covid restrictions Q3 - in €m Total Sales Hypermarkets Supermarkets Other formats Sales inc. VAT 9,882 4,867 3,295 1,720 Variation vs. Q3 20 +2.1% -0.2% +2.7% +8.0% LFL ex. petrol -0.3% -2.8% +2.2% +2.5% ex. calendar vs. Q3 20 2-Ye
Slide 5: Other European countries: Spain outperforming in all formats - Italy back to positive growth
EUROPE Other European countries Spain outperforming in all formats - Italy back to positive growth Q3 - in €m Total Sales Spain Italy Belgium Poland Romania Sales inc. VAT 5,864 2,681 1,073 1,010 499 601 Variation vs. Q3 20 +0.9% +3.9% -2.5% -5.1% +0.1% +5.5% LFL ex. petrol -1.2% -2.3% +0.8% -5.4% +
Slide 6: Latin America: Solid performance over two years
LATIN AMERICA Latin America Solid performance over two years Q3 - in €m Total Sales Brazil Atacadão Carrefour Retail Argentina(1) Sales inc. VAT 4,005 3,369 2,513 856 636 Variation vs. Q3 20 +10.8% +9.7% +16.5% -6.3% +16.9% LFL ex. petrol +7.3% -1.8% +2.7% -13.3% +57.0% ex. calendar vs. Q3 20 2-Year
Slide 7: Asia - Taiwan: Strong growth in total sales driven by Wellcome acquisition
TAIWAN Asia - Taiwan Strong growth in total sales driven by Wellcome acquisition Q3 - in €m Total Sales Taiwan Sales inc. VAT 718 718 Variation vs. Q3 20 +22.3% +22.3% LFL ex. petrol -5.2% -5.2% ex. calendar vs. Q3 20 2-Year LFL stack vs. Q3 19 -4.5% -4.5% Sales up +16.8% at constant FX €129m Contri
Slide 8: Another quarter of strong growth in e-commerce
Another quarter of strong growth in e-commerce › +19% growth in Group food e-commerce (+100% over 2 years) › Improvement in e-commerce NPS › Online market share gains in our key countries › Rapid ramp-up of e-commerce at Atacadão, already representing more than half of Carrefour Brazil’s food e-comm
Slide 9: Transformation: Strategy at work across Europe
Transformation: Strategy at work across Europe Disposal of non strategic real-estate assets • Sale of 7 hypermarkets to Realty Income for €93m last September • 80%+ of the additional €300m already achieved Transformation into Franchise & Lease management 50+ stores converted to franchise in 2021, 25
Slide 10: Key takeaways
Key takeaways 1 Q3 performance as expected within Covid context and high comps 2 FY 2021 net free cash-flow confirmed to be comfortably above €1bn 3 Ongoing strategy execution per plan 4 Rendezvous on November 9th for Carrefour’s Digital Day in Paris Q3 2021 SALES October 20, 2021 10
Slide 11: Appendix
a © APPENDIX
Slide 12: Q3 2021 Gross Sales
Q3 2021 GROSS SALES Change at Change at current LFL Organic growth Gross sales constant exch. rates inc. ex. petrol ex. petrol (in €m) exch. rates inc. petrol ex. calendar ex. calendar petrol France 9,882 +2.1% +2.1% -0.3% -2.0% Hypermarkets 4,867 -0.2% -0.2% -2.8% -3.3% Supermarkets 3,295 +2.7% +2.
Slide 13: Q3 2021 LFL over 2 years
Q3 2021 LFL OVER 2 YEARS LFL ex. petrol ex. LFL ex. petrol ex. LFL over 2 years(1) calendar Q3 2020 calendar Q3 2021 France +3.8% -0.3% +3.5% Hypermarkets +2.5% -2.8% -0.3% Supermarkets +4.9% +2.2% +7.1% Others, inc. convenience +5.4% +2.5% +7.9% Other European countries +1.9% -1.2% +0.6% Spain +6.3
Slide 14: Q3 2021 Technical Effects
Q3 2021 TECHNICAL EFFECTS Calendar Petrol Forex France +0.1% +3.8% - Hypermarkets +0.0% +3.2% - Supermarkets +0.3% +4.7% - Others, inc. convenience +0.1% +4.1% - Other European countries +0.2% +1.0% -0.5% Spain +0.0% +1.7% - Italy +0.3% +0.7% - Belgium +0.4% - - Poland +0.6% +0.6% -2.8% Romania +0.1
Slide 15: 9M 2021 Gross Sales
9M 2021 GROSS SALES Change at Change at current LFL Organic growth Gross sales constant exch. rates inc. ex. petrol ex. petrol (in €m) exch. rates inc. petrol ex. calendar ex. calendar petrol France 28,697 +3.0% +3.0% +2.6% +0.5% Hypermarkets 14,175 +2.5% +2.5% +1.5% +0.9% Supermarkets 9,754 +3.7% +
Slide 16: 9M 2021 LFL over 2 years
9M 2021 LFL OVER 2 YEARS LFL ex. petrol ex. LFL ex. petrol ex. LFL over 2 years(1) calendar 9M 2020 calendar 9M 2021 France +2.9% +2.6% +5.5% Hypermarkets -0.1% +1.5% +1.5% Supermarkets +5.7% +5.4% +11.1% Others, inc. convenience +6.2% +0.5% +6.7% Other European countries +4.2% -1.6% +2.6% Spain +7.
Slide 17: 9M 2021 Technical Effects
9M 2021 TECHNICAL EFFECTS Calendar Petrol Forex France -0.4% +2.9% - Hypermarkets -0.5% +2.1% - Supermarkets -0.3% +4.0% - Others, inc. convenience -0.3% +2.8% - Other European countries -0.4% +0.9% -0.4% Spain -0.6% +1.5% - Italy +0.1% +0.8% - Belgium -0.5% - - Poland -0.6% +0.5% -2.9% Romania -0.3
Slide 18: Stores under banners at end Q3 2021
STORES UNDER BANNERS AT END Q3 2021 Cash & Soft (#) Hypermarkets Supermarkets Convenience Total Carry discount France 253 1,047 4,259 146 20 5,725 Other European countries 453 1,889 3,355 13 80 5,790 Spain 205 156 1,029 - 44 1,434 Italy 44 455 961 13 - 1,473 Belgium 40 442 308 - - 790 Poland 90 152
Slide 19: 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