Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — 9M23 Earnings Presentation
14 slides from Sonae Sgps Sa's earnings presentation, Nov 16, 2023
Slide 1: Results Report 9M23
Results Report (a 9M23 Sonae
Slide 2: Sonae
Sonae
Slide 3: 9M23 Highlights
3 9M23 Highlights Key Financial Indicators Portfolio Management Activity • Consolidated turnover surpassed €6.0bn with a 10% yoy increase, mainly driven by the • During 3Q23: solid performance of MC under a strong inflationary context. o Sonae received a notification from JD Sports Group communicati
Slide 4: Sonae
Sonae
Slide 5: CEO letter
5 CEO letter During the third quarter, the macroeconomic environment continued to be marked by the effects of geopolitical instability, rising interest rates and persistent inflation, though the latter has begun to ease. Sonae remained focused on providing the best offers and experiences to customer
Slide 6: Overview
6 Overview 3Q23 consolidated performance followed the previous quarters trend. Our businesses continued to face a challenging macro context, with persistent though decelerating high inflation, coupled with significant cost Key Data pressures, but continued to deliver resilient performance driven by
Slide 7: Portfolio
7 Portfolio Retail MC Worten 75% stake, fully consolidated 100% stake, fully consolidated During 3Q23, MC delivered once again a strong performance across the Worten posted solid sales growth, increasing by 2.5% yoy in 3Q23 and board. The Portuguese food retail market continued to operate with high
Slide 8: Real Estate Telco & Technology
8 Real Estate Telco & Technology Sierra NOS 100% stake, fully consolidated 37.4% stake, equity consolidated 1 Sierra experienced a robust 3Q23, extending the strong performance NOS reported its results to the market on November 2nd, showing, once observed in 1H23 over 9M23. In the European shopping
Slide 9: Other investments
9 Other investments Bright Pixel Universo 90% stake, fully consolidated 100% stake, consolidated as a discontinued operation 2 During 3Q23, Bright Pixel continued to explore new opportunities to Universo’s teams continued to work on the development of the joint venture with Bankinter Consumer expand
Slide 10: Corporate Information
10 Corporate Information Sparkfood Different stakes, some fully consolidated and others through equity method Main announcements during 9M23 are published in www.sonae.pt and www.cmvm.pt (market regulator). Sparkfood is operating and investing in companies within the food value chain, by developing
Slide 11: Consolidated P&L Consolidated Balance Sheet
11 Consolidated P&L Consolidated Balance Sheet €m 3Q22 R 3Q23 yoy 9M22 R 9M23 yoy €m 30.09.22 30.06.23 R 30.09.23 Turnover 2,036 2,205 8.3% 5,468 6,036 10.4% Investment properties 343 358 363 Net fixed assets 2,180 2,208 2,254 Underlying EBITDA 182 205 12.8% 446 506 13.4% Right of Use assets 994 1,1
Slide 12: Glossary
12 Glossary Investments in tangible and intangible assets and investments in acquisitions. For NOS INREV NAV Sierra Open market value attributable to Sierra - net debt - minorities + deferred tax liabilities. Capex it includes right of use. Market value of each Sonae’s businesses – average net debt
Slide 13: SAFE HARBOUR
13 SAFE HARBOUR This document may contain forward-looking information and statements, based on management’s current expectations or beliefs. Forward-looking statements are statements that should not be regarded as historical facts. These forward-looking statements are subject to a number of factors
Slide 14: Sonae
Sonae Shaping tomorrow, today