Slide 1: Q1 2023 Sales
Q1 2023 Sales April 25th, 2023
Slide 2: Good commercial momentum in Q1 2023
Good commercial momentum in Q1 2023 The Group’s strategy proved efficient to address accelerating food inflation in Europe • Strong momentum in market share and customer gains • Record increase in sales of Carrefour-branded products, reaching 35% of total sales (+3 pts YoY) • E-commerce GMV up +26%
Slide 3: Q1 sales growth driven by LFL and expansion
Q1 sales growth driven by LFL and expansion +13.0% +4.3% (2.0)% +0.8% (2.4)% +12.3% €22,071m €19,539m Q1 2022 LFL Expansion & Petrol Calendar Forex Q1 2023 Gross sales M&A Gross sales Q1 2023 SALES April 25, 2023 3
Slide 4: France: LFL sales up +7.1% with good market share momentum
France: FRANCE LFL sales up +7.1% with good market share momentum €10,216m Q1 Sales inc. VAT €4,998m €3,394m €1,825m France Hypermarkets Supermarkets Other formats Variation vs. Q1 22 +6.3% +4.8% +6.0% +11.0% LFL ex. petrol +7.1% +6.0% +7.1% +9.6% ex. calendar Good market share momentum, particularl
Slide 5: Europe: Solid top line trend in all countries
Europe: Solid top line trend in all countries Q1 Sales inc. VAT €6,011m €2,711m €1,048m €1,087m €527m €638m Europe Spain Italy Belgium Poland Romania Variation vs. Q1 22 +7.3% +7.8% +1.8% +9.2% +4.3% +14.9% LFL ex. petrol +8.8% +9.3% +5.6% +9.9% +6.1% +12.5% ex. calendar Spain: Strong momentum in fo
Slide 6: Latin America: Solid performance in a challenging environment
Latin America: Solid performance in a challenging environment Q1 Sales inc. VAT €5,843m €4,868m €2,980m €1,045m €975m (1) Latin America Brazil Atacadão Carrefour Retail Argentina Variation vs. Q1 22 +35.1% +37.1% +15.7% +7.1% +26.0% LFL ex. petrol +26.0% +5.7% +5.7% +5.7% +116.8% ex. calendar €129m
Slide 7: Sound execution of Grupo BIG Integration
Sound execution of Grupo BIG Integration Store conversions to be completed in Q2 2023 Converted in Converted in Planned for Total planned 2022 Q1 2023 Q2 2023 conversions # of stores 59 23 42 124 All synergy streams progressing well • Purchasing synergies ahead of expectations Financial Services: Go
Slide 8: Share buyback
Share buyback €800m €200m of buybacks completed to date €600m to be 11.1 million shares repurchased in Q1 €700m €750m completed by year-end 720 million outstanding shares at end-March 2023 €200m 2021 2022 2023 Q1 2023 SALES April 25, 2023 8
Slide 9: Key takeaways
Key takeaways 1 Good commercial momentum in Q1 2023 2 Steady pace of Grupo BIG integration 3 FY 2023 financial targets confirmed Q1 2023 SALES April 25, 2023 9
Slide 10: APPENDIX
a © APPENDIX
Slide 11: CSR – Q1 achievements
CSR – Q1 achievements CSR and Food Transition Index updated in April to reflect Carrefour 2026 strategic plan objectives Concrete initiatives in Q1: • Fight against food waste: • First retailer to be awarded “anti-food waste” label for its Montesson store in France. Target to obtain the label for 20
Slide 12: CSR and Food transition Index: key changes
CSR and Food transition Index: key changes Category Objective Status Category Objective Status Products Customers 8 billion euros in sales of certified sustainable products by 2026 New Nutrition and Removal of 2,600 tons of sugar and 250 tons of salt from Carrefour- New Food transition health brande
Slide 13: Q1 2023 gross sales
Q1 2023 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 10,216 +7.1% +6.1% +6.3% +6.3% Hypermarkets 4,998 +6.0% +4.3% +4.8% +4.8% Supermarkets 3,394 +7.1% +6
Slide 14: Q1 2023 technical effects
Q1 2023 technical effects Calendar Petrol Forex France +1.2% -1.1% - Hypermarkets +1.1% -0.6% - Supermarkets +1.3% -1.6% - Others, inc. convenience +1.5% -1.4% - Other European countries +0.3% -1.1% +0.0% Spain -0.2% -1.7% - Italy +0.5% -0.5% - Belgium +0.7% - - Poland +1.9% -2.6% -1.8% Romania +0.2
Slide 15: Stores under banners at end Q1 2023
Stores under banners at end Q1 2023 Cash & Soft (#) Hypermarkets Supermarkets Convenience Sam’s Club Total Carry discount France 253 1,038 4,450 150 30 - 5,921 Other European countries 454 2,011 3,437 12 92 - 6,006 Spain 204 160 1,050 - 56 - 1,470 Italy 42 427 1,014 12 - - 1,495 Belgium 40 350 312 -
Slide 16: 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