Slide 1: Q1 2019 Sales
6 Q1 2019 Sales April 24, 2019
Slide 2: Q1 2019 highlights
Q1 2019 highlights FIRST-QUARTER 2019 SALES RAPID PROGRESS IN CARREFOUR 2022 TRANSFORMATION PLAN Group sales up +2.7% LFL Leader in the food transition for all: Continued growth in organic sales in Q1 2019 Further acceleration in Brazil (+6.6% LFL), with strong momentum in convenience and e- Constru
Slide 3: Carrefour 2022 Recent initiatives
01 Carrefour 2022 Recent initiatives
Slide 4: Leader in the food transition for all
Leader in the food transition for all CONCRETE ACTIONS TO STRENGTHEN LEADERSHIP ORGANIC PRODUCTS • Sales of organic products up more than 20% in Q1 2019 • Strong momentum in sales of organic products in all types of catchment areas • Carrefour is the leading organic food player in France* • Acquisit
Slide 5: Construction of a sustainable growth model (1/2)
Construction of a sustainable growth model (1/2) NUMEROUS INITIATIVES TO STRENGTHEN COMPETITIVENESS • France: Price reductions with “Large Brand rewards” and “Loyalty rewards” in all formats, and “Unbeatable prices” on 10 fruits and vegetables in hypermarkets • Argentina: Meat prices frozen for 3 mo
Slide 6: Construction of a sustainable growth model (2/2)
Construction of a sustainable growth model (2/2) DEPLOYMENT OF THE OMNICHANNEL ECOSYSTEM • Opening in January of a new order preparation platform on the outskirts of Paris • Pick-up and delivery services: 1,678 Drives worldwide (+62 in Q1), including 62 pedestrian Drives in France at end-March (vs 5
Slide 7: Culture of operational efficiency and financial discipline
Culture of operational efficiency and financial discipline CONTINUED ACTIONS TO IMPROVE OPERATIONAL PERFORMANCE AND TRANSFORM ORGANIZATIONS NEW INITIATIVES FOR SIMPLER AND MORE AGILE ORGANIZATIONS • Hypermarket transformation plan in France, with signature of new GPEC agreement in March • Transforma
Slide 8: Financial analysis
02 Financial analysis
Slide 9: Q1 2019 Sales: Growth of +2.7% LFL
Q1 2019 Sales: Growth of +2.7% LFL +1.2% -0.9% +2.7% -1.6% -1.0% +0.5% -3.4% -3.0% (29) +1.0% -1.5% +14.5% -3.4% France Europe LatAm Asia €20.7 €20.6 bn €20.0 €20.0 bn bn bn Q1 2018 LFL Calendar Openings Scope, Petrol Q1 2019 Forex Q1 2019 IAS 29 Q1 2019 restated ex petrol closures at at current at
Slide 10: France: +1.0% LFL growth in Q1, supported by food
France +1.0% LFL growth in Q1, supported by food (+2.0% LFL) in €m Total Sales Hypermarkets Supermarkets Other formats France LFL ex petrol ex calendar 1,9% 1,5% 1,6% Sales inc. VAT 9,034 4,659 3,003 1,372 1,0% Total variation -3.3% -3.4% -3.1% -3.2% 0,5% -0,2% -0,1% -0,1% LFL ex. petrol ex. -0,9% +
Slide 11: Other European countries
Other European countries Performance impacted by persistently competitive environment in €m Total Sales Spain Italy Belgium Poland Romania Europe LFL ex petrol ex calendar 3.4% Sales inc. VAT 5,358 2,161 1,214 987 494 502 0.6% 0.9% Total variation -3.3% -1.9% -7.7% -3.5% -3.4% +3.2% 0.4% -1.5% -1.5%
Slide 12: Latin America
Latin America Continued double-digit growth in LFL sales; solid expansion in Brazil in €m Total Sales Brazil Carrefour Retail Atacadão Argentina** Latin America LFL ex petrol ex calendar 14.5% Sales inc. VAT 3,880 3,306 1,087 2,220 574 12.9% 7.8% 8.4% 9.7% 5.9% Total variation -2.5% +1.4% -6.6% +5.8
Slide 13: Asia
Asia Slight improvement in China; Taiwan impacted by weaker market around Chinese New Year in €m Total Sales China Taïwan Asia LFL ex petrol ex calendar Sales inc. VAT 1,744 1,198 546 -2.8% -3.0% -3.0% Total variation -1.5% -4.0% +4.5% -3.4% -4.0% -3.9% -4.7% LFL ex. petrol ex. -4.2% -4.1% -3.4% -4.
Slide 14: All objectives are confirmed
All objectives are confirmed Strong transformation momentum initiated in 2018 and FINANCIAL OUTLOOK continued in Q1 2019 €2.8bn cost reduction plan on an annual basis by 2020 Confidence in the relevance of the Carrefour 2022 plan that supports the Group's ambition: To be the leader of the food trans
Slide 15: IFRS 16
IFRS 16 Application of IFRS 16 since January 1, 2019; replacing IAS -17 IFRS 16 Leases and its interpretations Accounting change Simplified retrospective method adopted, without restating 2018 consolidated financial statements No impact on economic model No change on how we run the Consolidated fina
Slide 16: Appendix
6 Appendix April 24, 2019
Slide 17: Stores under banners at end Q1 2019
Stores under banners at end Q1 2019 Hypermarkets Supermarkets Convenience Cash & Carry Total (#) France 248 1,055 3,914 145 5,362 Spain 206 114 751 22 1,093 Italy 51 409 603 14 1,077 Belgium 40 450 298 0 788 Poland 89 152 601 0 842 Romania 35 259 47 14 355 Others 32 386 196 0 614 Other European coun
Slide 18: Q1 2019 gross sales
Q1 2019 gross sales Change at current Change at constant LFL Organic growth Gross sales exch. rates inc. exch. rates inc. ex. petrol ex. petrol (in €m) petrol petrol ex. calendar ex. calendar France 9 034 -3,3% -3,3% +1,0% -0,0% Hypermarkets 4 659 -3,4% -3,4% +0,1% -0,3% Supermarkets 3 003 -3,1% -3,
Slide 19: Disclaimer
This presentation contains both historical and forward- looking statements. These forward-looking statements are based on Carrefour management's current views and assumptions. Such statements are not guarantees of future performance of the Group. Actual results or performances may differ materially