Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Q1 2024 Earnings Presentation
17 slides from Sonae Sgps Sa's earnings presentation, May 22, 2024
Slide 1: 1Q24 Results
Ye) ale (= 1Q24 Results May 22, 2024
Slide 2: Portfolio
Portfolio
Slide 3: Active portfolio management in the quarter
Active portfolio management in the quarter: . (6) Sparkfood ® Mc Worten 3 Sierra Me rightPixe! - Sonoe .@) Sonae Musti Sonae Nz, < O 3g! - Ozzie! ab found 1 a 284 a V } i = Oe 1 We spuniverso. 5] stake 75% 100% 81% 100% 37% 90% 3 Sonae
Slide 4: Strong operational performance led
Strong operational performance led YE23 Retail Real estate Telco & Tech Holding and others 1Q24 4 Sonae
Slide 5: MC: reinforced market leadership and profitability increase
with reinforced market leadership and profitability increase McC Turnover and uEBITDA margin Sonae (€m) 1,608 1,469 8.4% 1Q23 1Q24 Reinforced #1 market position with 6 new proximity stores (Continente Bom Dia) opened in 1Q24 powered by strong grocery volumes as inflation eased efforts continued to f
Slide 6: Worten: solid and improved profitability
with solid and improved profitability oO Worten Sonae Turnover and uEBITDA margin (€m) 310 284 S LfL +5.3% 1Q23 1Q24 in Portugal reinforced despite the market slowdown +9.3% yoy (+5.3% LfL) to €310m and reached €15m, with 4.7% margin (+40bps) international expansion progressing well with 11 stores i
Slide 7: Sierra maintained its strong momentum
Sierra maintained its Sierra Sonae strong momentum European portfolio showed once again its resilience and quality Solid top line performance in the area Improved due to in the 1Q24 Direct Result INREV NAV (em) (em) 1,057 1,071 14.2 14.7 1923 1924 YE23 Mar.24 7 Sonae
Slide 8: Telco and Technology businesses continued to perform strongly
Telco and Technology businesses continued to perform strongly * Strong revenue growth backed by both telco and media businesses + Net income positively impacted by additional receival of activity fees following favourable court rulings * Ordinary dividend of €0.35 per share relating to 2023 results
Slide 9: Consolidated view
Consolidated view
Slide 10: Turnover surpassed €2bn with an 11% yoy increase
surpassed rn , } Turnover €2bn with an 11% yoy _ increase 43 2,081 465 | Mc 1873 Worten 1Q23 MC and Other 1Q24 Worten businesses 10 Sor ae
Slide 11: Retail businesses' robust operational performance fuelled uEBITDA
Retail businesses’ . uEBITDA robust operational en — performance fuelled .3 158 aT || Mc 137 Worten 7.6% +0.3pp margin 1Q23 MC and Other 1Q24 Worten businesses 11 Sor ae
Slide 12: EBITDA boosted by uEBITDA and equity method results
boosted <BITDA by uEBITDA and (em) equity method OBR results 159 8.6% margin 1Q23 1Q24 2 Sonae
Slide 13: Stable net result despite higher D&A and financing costs
Stable despite higher D&A and financing costs Direct Result Indirect Result Net Result (group share) (€m) (€m) (€m) 25 2 — 1Q23 1Q24 1Q23 1Q24 1Q23 1Q24 13 Sor ae
Slide 14: Solid operational cash flow with net debt impacted by investment activity
Solid operational cash flow with net debt impacted by investment activity Operational cash flow (L12M, €m) +48 1330 | _ 112 -68 1Q23 var. EBITDA _ var. operat. 1Q24 and WK capex 1) Includes Musti capex + €60m of Musti’s net debt Net debt (€m) 739 —«1,437 922, | 698 saennen ne) / i Mar.23 var. Mar.24
Slide 15: Looking forward
Looking forward Focus on our main businesses’ performance and integration of new acquisitions
Slide 16: Q&A
Q&A
Slide 17: Sonae
Sonae