Fourlis Holdings S.a. · ATHEX:FOYRK
Fourlis — H1 2024 Earnings Presentation
38 slides from Fourlis's earnings presentation, 2024
Slide 1: Corporate Presentation H1 2024 results
Fourlis Corporate Presentation H1 2024 results
Slide 2: Disclaimer
Fourlis > Disclaimer This presentation has been prepared by Fourlis Group (the "Company") for informational purposes only. The information contained herein does not constitute an offer, solicitation, or recommendation to buy or sell any securities of the Company or any other entity. The information
Slide 3: On Track to Meet FY '24 Guidance
Fourlis We reinforce the market position of our brands and deliver significant profitability gains. On Track to Meet FY '24 Guidance Achieving key milestones within 2024. Focus on free cashflow & returning value to shareholders.
Slide 4: Progressing with IKEA store network expansion
» Progressing with IKEA store network expansion and optimization. > Expansion of INTERSPORT store network continues. > Expansion of Holland & Barrett stores continues. > Trade Estates deconsolidation until year Jf, end. > Tapping into the fast-growing lifestyle &fashion segment of the sportswear mar
Slide 5: Fourlis-operated countries and new countries
Fourlis Foot Locker Licensed SEE Region FOURLIS-OPERATED COUNTRIES +NEW COUNTRIES Greece IKEA, Intersport, H&B Slovenia Romania Intersport Croatia Bulgaria Bosnia IKEA, Intersport Cyprus Mont/gro IKEA, Intersport
Slide 6: Foot Locker key facts and history
Foot Locker History KEY FACTS 1974 ~ 2.454 1st store in California, Worldwide stores USA 1989 ~ 200 1st store in Germany, Licensed stores Europe Footwear 26 countries Athletic Specialty #1 8B$ wholesale global account for 2023 Fiscal Year Sales the leading brands *As of August 2024
Slide 7: Foot Locker is the global leader in sneaker culture
Foot Locker is the global leader in sneaker culture FOOT LOCKER HAS STRIPERS DIFFERENTIATE FOOT LOCKER IS THE LEADER IN UNRIVALED BRAND HEALTH FOOT LOCKER FROM THE COMPETITION CONSUMER ENGAGEMENT #1 >12M Ranked Globally For Brand Health* +90%Foot Locker Brand Awareness >5X The ONLY 3rd Party Retaile
Slide 8: Fourlis Sports Retail Business Unit
#1 Sneaker Omni Multi-Brand #1 Performance Omni Multi-Brand Fourlis Sports Retail Business Unit 8
Slide 9: Foot Locker high awareness, strong consumer demand
+ Foot Locker high awareness, strong consumer demand for sneakers, in underserved growing markets. + Leverage Fourlis operational retail excellence and local customer expertise for geographical expansion. * Capitalize Fourlis holistic retail eco-system capabilities, with Trade Estates, Trade Logisti
Slide 10: Fourlis Foot Locker Licensed SEE Region
Fourlis Foot Locker Licensed SEE Region Store Launch & Expansion Digital Launch Consumer Engagement Opportunity for >100 stores in the following years, phased country roll-out Eshop operations in all 8 countries Online and offline activations to connect with communities #GETSTRIPED Acquisition of ex
Slide 11: A growing group of companies in omnichannel retail
A growing group of companies specializing in the omnichannel retail sector offering quality consumer goods in Southeast Europe Retail Home Furnishings Retail Sports Retail Health & Wellness Logistics Services Real Estate Investments IKEA stores franchise in Greece, Cyprus and Bulgaria. Presence in G
Slide 12: Retail Activity financial figures
+2.2% ▪ ▪ ▪ ▪ +42.2% +114.0% ▪ • The financial figures above exclude Trade Estates impact from the Retail Home Furnishings (RHF) segment. For comparability purposes, the figures above also exclude the impact from Intersport Turkey and The Athlete’s Foot whose sale was completed within FY 2023. 12
Slide 13: Trade Estates REIC highlights
+71.0% +70.4% +16.3% • • Gross Asset Value at €499 mil. as of 30/06/24. • Net Asset Value at €303.6mil. (€2.52 per share), as of 30/06/24. ▪ Net Revenues +71% in H1 ‘24. ▪ FFO at €7.2 mil. in H1 ‘24 up by 60% vs H1 23 • LTV at 45.5% • +90.4% • +156.3% +121.8% • 13
Slide 14: Fourlis Group Consolidated Figures H1 '24
Fourlis Group Consolidated Figures H1 ‘23 Fourlis EBITDA (OPR Revenues ( ) ERIT 30.0 257.0 oo 3% 13.0% “ee 24.8 14.0% +4.2% 25.0 20 #128.1% _ So 20.0 10.8% "% 700 19.6% 10.0% 150 9.0% 15.0 10.9 8.0% 246.7 . 10.0 ¥ 4.0% 10.0 6. 9% 7.0% 50 Ez". hom 5.0 5.0% 0.0 2.0% H1' 23 H1'24 0.0 3.0% H1' 23 H1'24
Slide 15: Cash Flow Performance for H1 '24
Cash Flow Performance for H1 ‘24 Cash flow (€ mil.) H1'23 FY '23 H1'24 Net operating cashflow 0.6 49.3 13.8 Cash flow from investing activities -19.0 1275 -17.2 Cash flow from financing activities 14.8 60.5 10.8 Increase/(decrease) in cash and cash equivalents -3.6 -177 75 Cash and cash equivalents
Slide 16: Retail Activity / Trade Estates REIC
➢ ➢ ➢ Retail Activity Trade Estates REIC 16
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Slide 18: Home Furnishings Retail (IKEA stores)
Home Furnishings Retail (IKEA stores) 18
Slide 19: Progressing with IKEA store network expansion and optimization
Fourlis Mock design Patra Progressing with IKEA store network expansion and optimization. > Patra opening on October 30¢ 2024. > Heraklion under development and operational in mid 2025 > New store at Ellinikon retail park (2027) > Retail hub in Athens International Airport Status: IKEA optimized 2 a
Slide 20: Home Furnishings Retail financial results
+1.1% ▪ ▪ ▪ +73.2% +121.5% ▪ ▪ 20
Slide 21: Home Furnishings Retail (IKEA stores)
woe : Fourlis Home Furnishings Retail (IKEA stores) Create a better everyday life for the many people Fourlis Group partnership with IKEA for the last 25 years. Exclusive franchise of IKEA stores in Greece, Cyprus and Bulgaria. Gea) Operating 21 IKEA stores of different sizes (13 in Greece, 6 in Bul
Slide 22: Sports Retail (INTERSPORT stores)
Sports Retail (INTERSPORT stores) 22
Slide 23: Intersport store expansion
y ie Intersport @ Veliko Tarno Vv vVvvV wv 7 4 new stores so far in 2024 : 2 in Romania (Sibiu and Pitesti), 2 in Greece (Mitilini and AIA) and 1 in Bulgaria (Veliko Tarnovo). Store expansion continues across the region. Store renovation in Romania and Bulgaria. Activations driving traffic. Enhanced
Slide 24: Sports Retail financial results
Revenues Gross Profit margin 83.4 +3.6% 46.4% 80.5 45.4% ▪ H1 ' 23 Η1 '24 H1 ' 23 Η1 '24 ▪ EBITDA (OPR) EBIT ▪ 5.0 4.6 7.0% 4.5 4.1 1.2 1.1 1.9% 4.0 6.5% 1.7% ▪ 1.0 3.5 1.5% 6.0% 1.4% 1.3% 3.0 5.8% 0.8 1.1% ▪ 2.5 5.5% 0.6 0.9% 2.0 0.4 0.7% 5.0% 1.5 4.9% 0.4 0.5% 1.0 0.5 4.5% 0.2 0.5% 0.3% 0.1% 0.0 4
Slide 25: Sports Retail (INTERSPORT stores)
Sports Retail (INTERSPORT stores) Fourlis Group partnership with INTERSPORT since 2000. FOURLIS Group is the exclusive licensee of INTERSPORT trademark in Greece, Cyprus, Bulgaria and Romania. Operating a network of 113 Intersport stores (61 in Greece, 35 in Romania, 11 in Bulgaria and 6 in Cyprus)
Slide 26: Retail Health & Wellness (HOLLAND & BARRETT stores)
Retail Health & Wellness (HOLLAND & BARRETT stores) 26
Slide 27: New stores in Athens in line with 3-tier strategy
Within H1 2024, 4 new stores in Athens in line with a 3-tier strategy Vv Vv 10 stores in total & ecommerce shop in Greece. Vv Examining new opportunities for expansion. Vv Preparing our entrance in the Romanian Vv Targeted actions to increase further the awareness.
Slide 28: Health & Wellness financial results
1.0 0.3 ▪ ▪ H1 ' 23 Η1 '24 ▪ ▪ EBIT ▪ like-for-like H1 ' 23 Η1 '24 +60% sales ▪ ▪ -0.9 Ecommerce 18% participation in the 1st year of its operation -1.1 28
Slide 29: Holland & Barrett: 150 years of history
150 years of history 1,600 stores across 24 countries worldwide. 29
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Slide 31: Appendix
Fourlis Appendix Le
Slide 32: Consolidated Balance Sheet for H1 '24
Consolidated Balance Sheet for H1 ‘24 Fourlis Balance sheet (€ mil.) H1° 23 FY "23 H1 ‘24 Property, plant & equipment 69.1 73.4 75.4 Right of Use Assets 136.8 134.2 176.9 Other Non Current Assets 58.8 60.4 62.1 Non-current assets 264.7 268.0 314.4 Inventories 95.3 89.7 92.5 Trade Receivables 3.6 47
Slide 33: Reconciliation tables between Consolidated Group and retail business figures
Reconciliation tables between Consolidated Fourlis Group figures and Fourlis Group retail business figures 39
Slide 34: Fourlis Group Retail Business reconciliation
Fourlis Group Retail Business Fourlis Group - Consolidated Retail Business Sold ITR/TAF Trade Estates Group * Due to IFRS16 adjustments / ** eliminations 40
Slide 35: Analysis of Net Financial Income/(Expenses)
. . ; Fourlis Analysis of Net financial Income/(Expenses) for the Consolidated Group and the Retail Business Total Group H1'23 H1'24 Interest “65 -8.4 Bank expenses & other -0.9 -0.8 IFRS16 interest -3.0 -3.6 Total -10.3 12.8 Total Retail H1'23 H1 ‘24 Interest -3.8 “3.4 Bank expenses & other -07 -0.
Slide 36: Home Furnishings Retail business (IKEA stores)
Home Furnishings Retail business (IKEA stores) RHF Segment The financial figures below present the performance of RHF segment excluding Trade Estates impact, that is excluding the investments in real estate assets of Trade Estates that are currently consolidated within the RHF segment. Trade Estates
Slide 37: Sports Retail (Intersport stores)
Sports Retail (Intersport stores) RSG Segment The financial figures present the performance of RSG segment excluding the impact from the Intersport Turkey and The Athlete’s Foot that were sold. *Alternative Performance Measures, as defined in the Management Report of the Board of Directors for the R
Slide 38: Thank you
Thank you