Europris Asa · OSL:EPR
Europris Asa — DNB Consumer Conference 2024
13 slides from Europris Asa's conference presentation, Aug 20, 2024
Slide 1: Company presentation
Company presentation 20 August 2024 CEO Espen Eldal
Slide 2: Disclaimer
Disclaimer This presentation has been produced by Europris ASA (the "Company") exclusively for information purposes. This Presentation has not been approved, reviewed or registered with any public authority or stock exchange. Further to the aforementioned, this presentation is the result of an effor
Slide 3: The Europris group
The Europris group A Nordic retail champion in the making… …with strong concepts across 378 stores Annual sales Annual EBIT ~13.5 ~1,150 NOK billion NOK billion 94 Customer club Annual footfall 284 3.8 57 million members million transactions 3 Figures are based on approximate and pro-forma figures l
Slide 4: Our growth story
Acquired remaining Our growth story Acquired 33% of Lekekassen Acquired 67% of Strikkemekka Acquired remaining 80% of ÖoB Sales of NOK ~10.5bn* 67% of Lekekassen Opened Shanghai Listing on sourcing Oslo Børs office (JV with Acquired Tokmanni) by Nordic Capital Acquired by IK Investment Partners Foun
Slide 5: Creating a Nordic champion in discount variety retail
Creating a Nordic champion in discount variety retail #1 Leading brands and similar concepts with potential to establish a strong Nordic position #2 Shared values and similar business cultures Combined sales: NOK 13.5 bn Operational synergies across concepts NOK #3 → sharing “best practice” NOK 4 bn
Slide 6: ÖoB strengths
ÖoB strengths Profound expertise in wholesale and retail, coupled with a long and rich history A leading concept in discount variety retail, recognised by customers for low prices and broad assortment Store network with 94 stores across all of Sweden 2 million members in the “Lågprisklubben” custome
Slide 7: ÖoB challenges
ÖoB challenges • No revenue increase since 2015 in contrast to Revenue ÖoB and EBIT-margin - revenue and margin development other players in Swedish variety retail with double-digit top line growth 4,2 • Declining footfall, especially post-Covid 4,0 4,0 3,9 4,1 4,1 • Increasing share of sales from c
Slide 8: Our ambition is to grow ÖoB revenues by SEK 1bn by 2028
Our ambition is to grow ÖoB revenues by SEK 1bn by 2028 Category harmonisation and joint sourcing +1bn Improve customer experience SEK Strengthen execution across the value chain 8
Slide 9: The ÖoB opportunity
The ÖoB opportunity Designing a five-year plan to revive ÖoB - Revenue and margin development and ambition growth and restore profitability in ÖoB 5bn • Add sales of SEK 1 billion 4bn 5% • Strengthen gross margins • Maintain cost efficiency • Turnaround designed to generate ÖoB EBIT- margin of 5% by
Slide 10: Further long-term upside in adding more stores
Further long-term upside in adding more stores • First priority is to create like-for-like growth and improve profitability in the existing store network • Current store network in Sweden is smaller than for the most relevant competitors • Long-term opportunity to expand store network by 30-50 store
Slide 11: Becoming a champion in the Nordic discount variety retail market
Becoming a champion in the Nordic discount variety retail market • Current market offers opportunities for concepts like Europris and ÖoB • Taking measures to mitigate negative effects of shipping capacity constraints and higher war surcharges • Building on a solid brand and price position in the up
Slide 12: Q&A
Q&A
Slide 13: Alternative performance measures (APMs)
Alternative performance measures (APMs) APMs are used by Europris for annual and periodic financial reporting in order to provide a better understanding of the group’s financial performance. APMs are considered as well- know and frequently used by users of the financial statements and are also used