Jumbo S.a. · ATHEX:BELA
Jumbo — Investor Presentation (February 2024)
16 slides from Jumbo's investor presentation, February 2024
Slide 1: Company Presentation February 2024
Company Presentation February 2024
Slide 2: Geographical breakdown
Geographical breakdown 85 stores in 4 Franchise countries and c.560.000sqm agreements in on-line Average store non-EU operations in Warehouses area 9,000sqm countries – 36 Greece, Cyprus and DCs stores in 7 and Romania countries (July 23)
Slide 3: Geographical breakdown
Geographical breakdown •Greece: 53 stores + on-line store •Cyprus: 5 stores + on-line store •Bulgaria: 10 stores •Romania: 17 stores + on-line store
Slide 4: Sales per product type
Sales per product type Hypermarket without food, fashion and electronics Toys, baby and stationary products (core activity) represent 1/3 of sales Strong focus on product offering; less than 40,000 items at fair prices Sales per product type Toy 8% 19% Baby products Stationery /Office supplies 3%
Slide 5: 2023 Performance
2023 Performance Group sales in 2023 increased by 14% y-o-y, vs management's estimates of +12%. • Greece (excl. intragroup): + 14% y-o-y. • Cyprus: + 11% y-o-y • Bulgaria: +13% y-o-y. • Romania: + 15% y-o-y. • 2023 net profit expected to increase by more than +15% y-o-y (1H23 +35% yoy or up by delta
Slide 6: 2023 Highlights
2023 Highlights • Cash distributions of: 1,1550 EUR/share in March 2023 0,3220 EUR/share in August 2023 1,47 EUR /share in November 2023 • Management paid off the E200m loan in May • The first franchised store started operations in Israel • Launch of: the Romanian online store in July 23 a
Slide 7: 2024 Budget/Outlook
2024 Budget/Outlook Budget: • Sales and net Income to increase by 8% to 10% • 50% of the sales delta from new stores and 50% from volume growth • Capex may surpass EUR 65mil • In our Budget we include: • a tough comp in the first quarter of the year • the opening of 4 additional hyper stores skewed
Slide 8: 2024 Store Rollout
2024 Store Rollout Store rollout: • Owned hyper store in Oradea (2nd store) - April 24 • Reopening of the two stores that had been closed early September due to the “Daniel” storm - April 24, July 24 • Owned hyper store in Cyprus (Nicosia’s second) – September 24 • Owned hyper store in Timisoara (2n
Slide 9: 2024 highlights
2024 highlights • Cash and cash equivalents of approximately EUR 431 million at 31/12/2023. • Shareholders approved cash distribution of 0,60 EUR/share in Feb 7th 2024. Ex-date March 19, 2024 • Reasons to proceeding with the abovementioned DPS a) the forward EUR USD is/was unfavorable to hedging our
Slide 10: January 2024 Sales Performance
January 2024 Sales Performance Group sales in January 2024 increased by 4% y-o-y. Trading affected by Carnival related sales shifted forward. • Greece (excl. intragroup): + 3% y-o-y. • Cyprus: flat • Bulgaria: +8% y-o-y • Romania: + 10% y-o-y Jumbo sales are highly seasonal. Especially during the fi
Slide 11: Macro developments and outlook
Macro developments and outlook GREECE CYPRUS BULGARIA ROMANIA 2023 2024 2025 2023 2024 2025 2023 2024 2025 2023 2024 2025 Real GDP growth 2,4 2,3 2,2 2,2 2,6 2,9 2,0 1,8 2,6 2,2 3,1 3,4 Inflation 4,3 2,8 2,1 4,1 3,0 2,2 8,8 4,0 2,9 5,7 1,8 2,2 Unemployment 11,4 10,7 9,9 6,4 6,1 5,9 4,2 4,2 4,2 5,4 5
Slide 12: Macro developments and outlook
Macro developments and outlook Source: Eurobank presentation 9m 2023 results
Slide 13: ESG
ESG • 2022 Scope 1 emissions: 1.748 (tCO2e) • 2022 Scope 2 emissions: 24.087 (tCO2e) • Electric Energy Consumption in 2022 for the Group was lower by 8% due to Photovoltaic Installations (PV) Environment program • Percentage of female employees: 70% • Percentage of women in managerial positions (i.e
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights Jumbo (€ m) Summary P&L Account 31.12.2021 31.12.2022 30.06.2021 30.06.2022 30.06.2023 Turnover 832 19,9% 949 14,1% 314 354 12,8% 425 20,0% COGS (369) (419) (147) (152) (190) Gross Profit 463 28,8% 531 14,6% 167 202 21,3% 235 16,3% Gross Margin 55,7% 55,9% 53,1% 57,
Slide 15: Consolidated Financial Highlights
Consolidated Financial Highlights Balance Sheet (€m) Cash Flow (€m) 31/12/2022 30/6/2023 Cash and Other current financial assets 802,9 465,7 30/6/2022 30/6/2023 Trade receivables 52,7 50,7 Cash generated 106,3 123,1 Inventories 239,5 264,8 Changes in current assets and current liabilities (100,5) (5
Slide 16: Info & Contact
Info & Contact For more information please visit our Investor Relations Web Site https://corporate.e-jumbo.gr/en/ IR Contact: Karamitsoli Amalia ir@jumbo.gr tel: +30 210 4805267 Polys Polycarpou Executive Director