Jumbo S.a. · ATHEX:BELA
Jumbo — Investor Presentation (October 2016)
12 slides from Jumbo's investor presentation, October 2016
Slide 1: Corporate Presentation
Corporate Presentation October 2016 1
Slide 2: Company Overview
Company Overview • Hypermarket without food, fashion and electronics • 40,000 products with an average selling price of EUR 4.99 • Toys, baby and stationary products (core activity) represent 36% - 38% of sales • Market leader in Greece on the core activity • The largest modern warehouses in Balkans
Slide 3: Store network
Store network • 71 stores in 4 countries • Average store area 9,000sqm • On-line operation (www.e-jumbo.gr) with dedicated distribution center • Franchise agreements to non EU countries. – 9 stores in 4 countries
Slide 4: Store roll out
Store roll out • Since 2011 the Group has invested in 23 new hyper- stores • Network of 18 stores in Romania; 7 in operation • Network restructuring in Greece; replacement of 1st generation stores • Opening of three new stores in Greece in the next two years • Opening of one more store in Bulgaria •
Slide 5: Cost elements
Cost elements • 80% of the product is dollar denominated • Transportation: from 15% to 20% of cost of sales • Each store operates as a cost center • Favourable lease agreements • Wages - 47% of operating cost • Advertising - 2% of sales
Slide 6: Financial Results
Financial Results • 2013: includes the loss of approximately € 23.58 million concerning the impairment of the subsidiary company’s deposits at the Bank of Cyprus
Slide 7: FY 2015/2016 Results
FY 2015/2016 Results • Greek and foreign operations were adequately capitalized - no liquidity problems • Capital controls favored the dominant players. Cash constraints led to serious destocking or ‘worsening of the product offering’ the market leaders (including Jumbo) capitalised on this to gain
Slide 8: Latest Developments
Latest Developments • In August 2016 the Company paid an extraordinary dividend of € 0,27 per share (gross) • During the first quarter of the FY 2016/2017 Group’s sales increased by 11,53% at EUR 170,23 million • Bulgaria: In November is expected the opening of the 9th store • Romania: two new hyper
Slide 9: Performance vs Market
Performance vs Market • On a ten year horizon (August 06-August 16), Jumbo is one share with +10% annual return (share+ dividends) • The market picks Jumbo because of its successful strategy. The company records increase in earnings, positive cash flow and is net cash source Bloomberg
Slide 10: Shareholder Structure
Shareholder Structure Reuters Code BABr.AT Bloomberg Code BABY GA Market Cap (€ m) 1.565 IR contact metohon@jumbo.gr
Slide 11: Financials - snapshot
Financials ‐ snapshot Jum bo (€ m ) Sum m ary P&L Account 2013 2014 2015 2016 Turnover 502 1,6% 542 7,9% 583 7,5% 638 9,4% COGS (239) (254) (273) (300) Gross Profit 263 -0,1% 288 9,5% 310 7,6% 338 9,1% Gross Margin 52,3% 53,1% 53,2% 53,0% Other operating income (24) (2) (2) (2) General & Administrat
Slide 12: Financials - snapshot
Financials ‐ snapshot Balance Sheet (€m ) Cash Flow (€m ) 2013 2014 2015 2016 2013 2014 2015 2016 Cash and cash equivalents 170,0 287,6 298,9 394,7 Cash generated 87,4 121,4 120,7 134,9 Trade receivables 23,7 30,7 15,5 32,6 Change in blocked bank deposit (21,4) 13,3 7,1 - Inventories 176,0 186,2 197