Slide 1: Investor and Analyst Conference Call Presentation
Investor and Analyst Conference Call Presentation September 2023
Slide 2: H1 2023 Financial Highlights
H1 2023 Financial Highlights Sales increased by 20% y-o-y at EUR 425 million Gross margin decreased by c. 174bps at 55,30% EBITDA increased by 27% y-o-y at EUR 146 million Net profit increased by 36% y-o-y at EUR 106 million Net Cash position at EUR 389 million. Full repayment of EUR 200m Common Bon
Slide 3: H1 2023 Highlights
H1 2023 Highlights • Cash distribution of 1,1550 EUR/share in March • Management paid off the E200m loan in May The early repayment will not impact the company’s business model The expansionary program as well as the dividend policy remain intact • Strong financial position capable to financing
Slide 4: Geographical breakdown
Geographical breakdown 83 stores in 4 Franchise countries and c.560.000sqm agreements in on-line Average store non-EU operations in Warehouses area 9,000sqm countries – 35 Greece, Cyprus and DCs stores in 7 and Romania countries (July 23)
Slide 5: Geographical breakdown – H1 23
Geographical breakdown – H1 23 •Greece: 53 stores + on-line store •Cyprus: 5 stores + on-line store •Bulgaria: 9 stores •Romania: 16 stores
Slide 6: 8m 2023 Sales Performance
8m 2023 Sales Performance Group sales in 8m 2023 increased by 18% y-o-y. • Greece (excl. intragroup): + 20% y-o-y. • Cyprus: + 16% y-o-y • Bulgaria: +15% y-o-y • Romania: + 14% y-o-y Q3 Highlights • Launch of the Romanian online store in July • A cash distribution of 0,3220 EUR/share in August • Two
Slide 7: 2023 / 2024 Store Rollout
2023 / 2024 Store Rollout Store rollout: • Owned hyper store in Iasi – October 23 • Rented hyper store in Bulgaria (Plovdiv’s second) – November 23 • Owned hyper store in Cyprus (Nicosia’s second) – September 24 • Owned hyper store in Timisoara (2nd store) - November 24 • Owned hyper store in Oradea
Slide 8: 2023 Budget/Outlook
2023 Budget/Outlook Budget review • Sales to increase by 12% vs. 15% as per the guidance set in April 2023 • 3% negative delta split a) floods/heatwave b) stores shutdowns c) rollout delays • We now model gross margin contraction of less than 200bps • Net income +15% vs. +12% at the upper end of our
Slide 9: 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 10: 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 11: 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