Slide 1: Carrefour Q1 2011 sales
Carrefour Q1 2011 sales 14 April 2011
Slide 2: Q1 highlights: Growth driven by emerging markets
Q1 highlights: Growth driven by emerging markets Encouraging sales growth in first quarter – Total sales inc. petrol, VAT and currencies of €24.7 bn, up 3.9% – Increase in sales ex petrol at constant exchange rates, up 0.9% – Sales ex petrol, ex calendar impact LFL up 0.6% France: Stable LFL sales e
Slide 3: Q1 2011: Encouraging sales growth
Q1 2011: Encouraging sales growth Q1 sales inc. VAT at current Q1 sales inc. VAT at constant exchange rates (€m) exchange rates (€m) 2010 23,774 2010 23,774 Inc. Petrol +3.9% +2.1% 2011 24,698 2011 24,273* 2010 21,888 2010 21,888 Ex. Petrol +2.7% +0.9% 2011 22,486 2011 22,080* *at 2010 exchange rate
Slide 4: Q1 2011 sales up 3.9% at current currencies and adjusted for calendar impact
Q1 2011 sales up 3.9% at current currencies and adjusted for calendar impact Change in Q1 2011 sales, excluding petrol, adjusted for calendar impact (index Q1 2010 = 100; % change) 1.9 1.1 103.9 (0.5) 1.4 102.0 100.0 sqm & Calendar Q1 2011 Q1 2011 Like FX impact Q1 2010 acquisitions impact const. FX
Slide 5: Ongoing strong growth in LatAm & Asia, ongoing challenging environment in Europe
Ongoing strong growth in LatAm & Asia, ongoing challenging environment in Europe Change in sales excluding petrol adjusted for calendar impact (%) Q4 2010 Q1 2011 Total LFL (current exchange rates) (1.0) (1.1) France (1) 0.2 0.2 (2.8) (2.1) Europe (1) (4.2) (3.0) 26.9 7.6 Latin America (1) 20.7 7.3
Slide 6: France (ex. hard discount): Stable LFL sales ex-petrol ex-calendar
France (ex. hard discount): Stable LFL sales ex‐petrol ex‐calendar with smaller formats outperforming Change in Q1 2011 sales, excluding petrol (index Q1 2010 = 100; % change) 1.1 0.0 Channel/Banner Market share YTD share change* 100 (0.9) 100.2 reported reported LFL Hypermarkets 11.8% ‐50bp ‐30bp S
Slide 7: Spain (ex. hard discount): Resilient performance in a persistently challenging market
Spain (ex. hard discount): Resilient performance in a persistently challenging market Change in Q1 2011 sales, excluding petrol (index Q1 2010 = 100; % change) 100 (5.9) 1.0 1.7 96.8 Q1 2010 Like sqm & Calendar Q1 2011 for like acquisitions impact adj. for calendar Q1 sales impacted by a negative 1.
Slide 8: Italy: Weak performance weighed down by store closures
Italy: Weak performance weighed down by store closures Change in Q1 2011 sales, excluding petrol (index Q1 2010 = 100; % change) (5.3) 100 (4.4) 1.5 91.8 Q1 2010 Like sqm & Calendar Q1 2011 for like acquisitions impact adj. for calendar Negative calendar impact of ‐1.5% A weak quarter reflecting a d
Slide 9: Belgium: Encouraging signs of rebound
Belgium: Encouraging signs of rebound Change in Q1 2011 sales, excluding petrol (index Q1 2010 = 100; % change) 2.3 (6.2) 100 0.8 96.9 Q1 2010 Like sqm & Calendar Q1 2011 for like acquisitions impact adj. for calendar Q1 sales impacted by store closures (‐6.2%): 8 hypermarkets and 3 supermarkets hav
Slide 10: Brazil (ex. hard discount): Strong sales uplift
Brazil (ex. hard discount): Strong sales uplift 1.7 Change in Q1 2011 sales, excluding petrol (0.1) (index Q1 2010 = 100; % change) 100 1.5 103.1 Hypers 7.4 1.2 113.4 Q1 2010 Like sqm & Calendar Q1 2011 4.8 for like acquisitions impact adj. for calendar 100 12.6 0.5 120.6 7.5 100 Q1 2010 Like sqm &
Slide 11: China (ex. hard discount): Continued strong growth driven by expansion
China (ex. hard discount): Continued strong growth driven by expansion Change in Q1 2011 sales, excluding petrol (index Q1 2010 = 100; % change) (0.2) 111.9 8.3 3.8 100 Q1 2010 Like sqm & Calendar Q1 2011 for like acquisitions impact adj. for calendar Successful Chinese New Year leading to strong Q1
Slide 12: Hard discount: Growth driven by strong performance in emerging markets
Hard discount: Growth driven by strong performance in emerging markets Change in Q1 2011 sales, excluding petrol (index Q1 2010 = 100; % change) 0.6 2.6 0.3 103.5 100 Q1 2010 Like sqm & Calendar Q1 2011 for like acquisitions impact adj. for calendar Solid performance in Spain in a difficult market,
Slide 13: Carrefour Planet: Continued strong sales and traffic uplift
Carrefour Planet: Continued strong sales and traffic uplift % uplift since 4 Planets closest to % uplift since 6 Pilot stores store opening industrialized model store opening Average 6 stores (1) ¾ Venissieux ¾ Venissieux Average 4 genuine stores(1) ¾ El Pinar ¾ El Pinar ¾ Mostoles ¾ Mostoles ¾ Mont
Slide 14: Carrefour Planet: Industrialized rollout starting Q2
Carrefour Planet: Industrialized rollout starting Q2 Openings Q2 2011 FY 2011 cum. France 4 42 Spain 13 40 Belgium 5 10 Italy 1 4 Greece 1 2 Total 24 98 Kick‐off in April with 24 additional stores by end Q2 98 stores in total by end of 2011 241 stores in total by mid‐2013 14
Slide 15: Carrefour branded products: Continued momentum
Carrefour branded products: Continued momentum FRANCE SPAIN Carrefour branded products Carrefour branded products share of sales (dry grocery) share of sales (dry grocery) +10bp 25.4% +40bp 26.8% 25.3% 26.4% Q1 2010 Q1 2011 Q1 2010 Q1 2011 ITALY BELGIUM Carrefour branded products Carrefour branded p
Slide 16: Expansion: Store openings and rationalization
Expansion: Store openings and rationalization 231 stores opened or acquired in Q1 (i.e. 116,000 sqm) of which: – 6 hypermarkets – 27 supermarkets – 105 hard discount stores – 93 convenience stores 208 stores closed or sold in Q1 (i.e. 104,000 sqm) of which: – 5 hypermarkets – 35 supermarkets – 74 ha
Slide 17: Financial Services: New Joint Venture in Brazil with Itau
Financial Services: New Joint Venture in Brazil with Itau Carrefour is the only retailer in Brazil today with expertise throughout the value chain within financial services Financial services value chain Sales Credit Marketing Booking force risk Carrefour is set to boost its financial services and i
Slide 18: Conclusion: 2011 objectives confirmed, clear and unchanged priorities
Conclusion: 2011 objectives confirmed, clear and unchanged priorities 2011 objectives confirmed 2011 priorities Transformation plan – Cost cuts – Purchasing gains – Planet roll‐out – Carrefour branded products Expansion in selected countries and selected formats Completion of Dia and Carrefour Prope
Slide 19: Financial Calendar 2011
Financial Calendar 2011 17 May 21 June 13 July 31 August Sept/October Dia/Carrefour Property AGM/EGM Q2 sales H1 results Carrefour Analyst Event Analyst Event 19
Slide 20: Carrefour Q1 2011 sales
Carrefour Q1 2011 sales 14 April 2011