Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q1 2021 Earnings Presentation
18 slides from Koninklijke Ahold Delhaize's earnings presentation, May 13, 2021
Slide 1: Q1 2021 Ahold Delhaize Results
Q1 2021 Ahold Delhaize Results May 12, 2021
Slide 2: Cautionary notice
Cautionary notice This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as strengthening, outlook, by, end of, 2021, 2022, progressing, year-end, 4Q21, continue, to expand, will,
Slide 3: Business Highlights
Business Highlights Frans Muller, President & CEO
Slide 4: Q1 two-year comparable sales stack accelerated; raising EPS guidance
Q1 two-year comparable sales stack1 accelerated; raising EPS guidance In Q1, the COVID-19 pandemic continued to impact the local communities and brands of Ahold Delhaize, resulting in approximately €150 million spent to support customers, associates, and communities with COVID-19 relief care On a tw
Slide 5: Strengthening position as industry-leading local omnichannel retailer in 2021
Strengthening position as industry-leading local omnichannel retailer in 2021 Raised outlook for Group net consumer online sales growth of 40%+ in 2021, versus 30% previously Step-up online capacity, supply chain and Advance omnichannel Improving omnichannel technological capabilities offerings prod
Slide 6: Highlights: United States
Highlights: United States 188.3% online sales growth in Q1 (constant rates); Excluding the FreshDirect acquisition, the U.S. online sales growth rate in Q1 2021 sequentially accelerated to 135.2% versus the 128.5% growth Q4 2020 Expect over 70% growth in U.S. online sales in 2021, versus over 60% gr
Slide 7: Highlights: Europe
Highlights: Europe Continued strength in the Benelux ecosystem, with Q1 market share gains in both The Netherlands and Belgium 78.6% net consumer online sales growth in Q1, a sequential acceleration versus 1 73.4% in Q4 2020 Bol.com grew net consumer online sales by 76.6% in Q1; a sequential acceler
Slide 8: ESG Action Items
In April, Ahold Delhaize announced target to achieve ESG Action Items net-zero carbon emissions by 2050 Recent Initiatives In February, The Giant Company announced a partnership with the Rodale Institute to In March, Ahold Delhaize successfully priced its develop solutions for the regenerative 1 org
Slide 9: Financial Highlights
Financial Highlights Natalie Knight, Chief Financial Officer
Slide 10: Q1 Underlying Performance
Q1 Underlying Performance Comparable Sales Net Consumer Net sales Growth excl. gas Online Sales € 18,264 4.2% € 2,679 million million U.S. 1.7% vs LY constant rates 5.8% E.U. 8.3% vs LY constant rates 103.3% Underlying operating Underlying Underlying Income from Diluted Underlying income operating m
Slide 11: Q1 IFRS-reported results
Q1 IFRS-reported results Comparable sales Net sales Online sales growth excl. gas € 18,264 4.2% € 1,981 million million U.S. 1.7% vs LY constant rates 5.8% E.U. 8.3% vs LY constant rates 103.9% IFRS Q1 reported IFRS Q1 reported Income from Diluted EPS operating income operating margin continuing ope
Slide 12: High levels of consumer demand continued; two-year comparable sales stack remained strong
High levels of consumer demand continued; two-year comparable sales stack1 trend remained strong as COVID-19 impacts began to annualize Value above the bar is 2-year comparable sales ex-gas stack; within the bar is the 1-year comparable sales ex-gas for each quarter U.S. Europe 20.8% 21.0% 21.0% 20.
Slide 13: Adjusted for weather and calendar effects, two-year comparable sales stack accelerated
Adjusted for weather and calendar effects, Q1 2021 two-year comparable sales stack1 accelerated in both the U.S. and Europe Value above the bar is 2-year comparable sales ex-gas stack; within the bar is the 1-year comparable sales ex-gas for each quarter 18.0% U.S. 18.0% Europe 17.2% 17.0% 17.0% 16.
Slide 14: Strong sales and margins in Europe; U.S. margin returns to pre-COVID-19 levels
Strong sales and margins in Europe; U.S. margin returns to more historical pre-COVID-19 levels Ahold Delhaize Group The United States Europe Net consumer online sales grew nearly 190% in the U.S. % change % change % change and nearly 80% in Europe Q1 constant Q1 constant Q1 constant € million, excep
Slide 15: Q1 Cash Flow Bridge
Q1 Cash Flow Bridge FCF Q1 2021 vs Last Year (in €m) Unfavorably impacted by unwind of inventories and accounts payables due to lapping high sales levels at the end of Q1 2020 due to COVID-19 1,228 103 1,029 295 12 63 217 69 FCF Q1 2020 Operating Cash Flow Changes in Income Tax Paid Net Investment N
Slide 16: 2021 Underlying EPS Outlook Raised
2021 Underlying EPS Outlook Raised COVID-19 continues to create significant uncertainty in 2021 and created difficult prior year comparisons. The strong Q1 results provide management the confidence to raise the underlying EPS growth outlook for the year Underlying operating margin outlook of at leas
Slide 17: Wrap-up
Wrap-up Strong start in 2021 with sequential acceleration in two-year Q1 comparable sales stack Acceleration in net consumer online sales growth to 103.3% in Q1, comprised of ~190% in the U.S. and ~80% in Europe 2 Solid U.S. underlying operating margin in Q1, with margin expansion in Europe Successf
Slide 18: Thank you
AS Ahold 7 Delhaize Thank you FOODMALION §$sToPesHoP ee Geer Giant Qe hed &tes GalleGall ant Dokcom’ EIN =F Tempo fleets TENA freshditect (BA) Peapod Qemsepinn Proud companies of & Ahold, Delhaize
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