Distribuidora Internacional de Alimentacion SA · BME:DIA
Distribuidora Internacional de Alimentacion SA — Q3 2015 Earnings Presentation
17 slides from Distribuidora Internacional de Alimentacion SA's earnings presentation, 2015
Slide 1: Q3 2015 Results
Q3 2015 RESULTS / IR Team / Tel: +34 91 398 54 00 ext. 33890 investor.relations@diagroup.com
Slide 2: Disclaimer
DISCLAIMER This document does not constitute or form part of any purchase, sales or Exchange offer, nor is it an invitation to draw up a purchase sales or exchange offer, or advice on any stock issued by Distribuidora Internacional de Alimentación offer for sale or solicitation of any offer to buy a
Slide 3: Index
INDEX / BUSINESS REVIEW / FINANCIAL REVIEW / Q&A 3
Slide 4: Business review
/ Business review / Significant improvement in sales: positive organic growth in Iberia in Q3 2015 / Progress on the improvement of the commercial proposition: • 88 Maxi stores in Spain* • 123 Minipreço Market in Portugal* / Integration of acquisitions • Successful opening of 143 Eroski stores in re
Slide 5: Index: Financial review
INDEX / BUSINESS REVIEW / FINANCIAL REVIEW / Q&A 5
Slide 6: Key figures 9M 2015
/ Key figures 9M 2015 DIA GROUP 9M % (EURm) 2015 change 7,842.8 14.9% 427.2 6.9% 6.4% -44 bps (157.7) 16.2% 269.5 2.1% 4.1% -48 bps 104.1 -53.2% 165.1 -4.6% EUR0.265 -0.4% * After 4.4% equity redemption Source: DIA 6
Slide 7: Adjusted EBITDA: growth in both segments led by Emerging
/ Adjusted EBITDA: growth in both segments led by Emerging IBERIA EMERGING MARKETS % % % change Q3 2015 Q3 2015 (EURm) change change ex-currency 1,768.4 16.7% 960.6 9.4% 17.5% 131.2 0.4% 29.8 26.7% 35.0% 8.7% -141 bps 3.7% +57 bps / Margin decline due to / Positive trend thanks acquisitions to stron
Slide 8: Iberia: strong improvement in sales
/ Iberia: strong improvement in sales Q3 2015 0.5% +0.4% 0.0% -0.5% -1.0% -0.6% Former DIA customers, now -1.5% served at the -2.0% acquisitions -2.5% -2.3% Reported LFL Underlying LFL* Organic growth* / 20.4% sales growth in Spain in Q3 2015 / 200 bps cannibalization impact in Spain (170 bps in Ibe
Slide 9: Strong cash flow generation; EUR312.7m devoted to shareholder remuneration in LTM
/ Strong cash flow generation; EUR312.7m devoted to shareholder remuneration in LTM EURm +699.8 -556.1 +136.0 -312.7 112.7* -1,106.5 -1,139.5 / Stable net debt/Adjusted EBITDA (LTM) ratio at 1.9x * Ordinary dividends 9 Source: DIA
Slide 10: On the right track to meet our targets
/ On the right track to meet our targets / DIA remains on track to meet its full-year 2015 targets • Mid double-digit top-line growth • Adjusted EBITDA growth with positive contribution from organic growth and acquisitions • Double-digit CAGR 2012-15 underlying EPS target at constant currency / In I
Slide 11: Index: Q&A
INDEX / BUSINESS REVIEW / FINANCIAL REVIEW / Q&A 11
Slide 12: Q3 2015 Results
Q3 2015 RESULTS / IR Team / Tel: +34 91 398 54 00 ext. 33890 investor.relations@diagroup.com
Slide 13: Back-up
- dia BACK-UP =
Slide 14: Growing contribution of DIA banner franchised stores
/ Growing contribution of DIA banner franchised stores 58.2% 59.7% 54.4% 55.6% 48.3% 41.8% 37.8% 32.5% 26.6% 2009 2010 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 DIA Group data without Schlecker/Clarel as reported Source: DIA 14
Slide 15: Organic growth by segment
/ Organic growth by segment 32.9% 32.6% 29.5% 27.3% 25.8% 19.9% 17.5% 8.3% 8.0% 7.9% 8.4% 6.9% 5.6% 4.6% -1.7% -1.3% -2.9% -2.5% -3.2% -4.6% -4.1% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 IBERIA EMERGING GROUP Source: DIA 15
Slide 16: Currency performance
/ Currency performance 24.5% 19.1% 16.6% 11.6% 8.0% 6.9% 5.9% 0.6% 0.7% -1.7% -0.6% -2.7% -5.9% -11.8% -10.0% -18.6% -22.4% -22.9% -32.8% -36.1% -38.1% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 EUR/ARS EUR/BRL EUR/CNY Bloomberg average currency rates (a negative change in exchange rate
Slide 17: Flat underlying EPS after SBB cancellation
/ Flat underlying EPS after SBB cancellation % % change 9M 2014 9M 2015 change ex-currency (EURm) 173.0 165.1 -4.6% -3.6% 651.1m 622.5m -4.4% EUR0.266 EUR0.265 -0.4% 0.8% 17 Source: DIA
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