Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — FY2021 Earnings Presentation
20 slides from Sonae Sgps Sa's earnings presentation, Mar 22, 2022
Slide 1: 2021 Full-year Results: Shaping tomorrow, today
2021 Full-year Results Shaping tomorrow, today Sonde mem
Slide 2: Portfolio management
Portfolio management Sonae
Slide 3: Active portfolio management
Active portfolio management Sale of 17 Worten Sale of a 24.99% Sale of MC’s 50% Sale of Bright Pixel’ stores in Spain stake in MC to CVC stake in Maxmat for entire stake in mainland to Media Strategic €68m Bizdirect, Case on it Markt Opportunities for an and CB4 and partial upfront value of stake in
Slide 4: Active portfolio management
Active portfolio management i TS ve )} Acquisition of an Acquisition of 95.4% Acquisition of Acquisition of 2 Acquisition of several additional 10% stake stake in Gosh! Deporvillage, SUR services companies minority stakes and in Sierra and Bodytone (Zaask and Satfiel) follow-on investments Sonae noa
Slide 5: Business by business view
Business by business view Sonae
Slide 6: MC
McC Sonae Turnover €m x% Online sales 4,613 LfL 1.6% i) fon) 3s 2019R 2020 R 2021 Sonae underlying EBITDA €m 2019R Bit S37 10% 10.0% 2020R 2021 2021 Full-year Results R- Restated figures as Maxmat from MC was sold in 3Q21, and all periods were restated to consider this asset as discontinued operatio
Slide 7: Worten
O Worten Sonae Turnover €m 1175 1088 1,161 ab +8.8% 2019 2020 2021 Sonae Online sales €m, % of turnover 6.6% 2019 2021 Full-year Results underlying EBITDA €m 7 78 6.4% Coe 57 5.2% 2019 2020 2021
Slide 8: Zeitreel
Zeitree! Sonae Turnover €m 392 344 345 LfL +0.6% 2019 2020 2021 Sonae Online sales €m, % of turnover 71% el 2019 14.5% 12.7% eel el 2020 2021 2021 Full-year Results underlying EBITDA €m 44 11.4% 27 7.9% 13 2019 2020 2021
Slide 9: Iberian Sports Retail Group
IBERIAN SPORTS RETAIL GROUP Turnover €m 673 660 L12M 19 L12M 20 L12M 21 Sonae Online sales €m, % of turnover 3.3% — L12M 19 8.7% 13.8% | L12M 20 L12M 21 2021 Full-year Results Note: Due to calendar reporting dates of JD Sports (the main shareholder of the JV), ISRG figures for the L12M 21 ended last
Slide 10: Sierra
Sierra Sonae Net results €m \ -42 2020 Sonae 15 2021 NAV INREV €m YE20 YE21 2021 Full-year Results LTV (gross) % 47.4 45.8 YE20 YE21 10
Slide 11: Universo
Universo & Sonae Total production em 1,017 937 927 2019 2020 2021 Sonae Universo clients 000 x% Digital clients 858 34% YE19 <p 965 870 49% 61% YE20 YE21 2021 Full-year Results Turnover €m 35 31 2020 2021 a
Slide 12: Bright Pixel
O BrightPixe! Sonae Capex Cash invested’ NAV €m €m €m 168 32 150 314 24 2020 2021 2020 2021 2020 2021 Sonae noatFulyea Rn : *Cash invested in the active portfolio **NAV of the active portfolio: Fair value and cash invested for AVP funds and minority stakes + consolidated stakes by market references.
Slide 13: Turnover, EBITDA and net income
5 & 7S Turnover €m 1,458 2019 Sonae 2020 2021 EBITDA €m 640 603 618 43.9% 441% 43.2% 2019 2020 2021 2021 Full-year Results Net income €m 143 144 92 2019 2020 2021 13
Slide 14: Consolidated view
Consolidated view Sonae
Slide 15: Operational performance
Operational performance Turnover EBITDA Net result (group share) = - ae €m €m €m 7,023 738 268 6,673 u 689 6,287 624 166 = 2019 R 2020R 2021 2019 R 2020R 2021 2019 2020 2021 Sonae noatFulyea Rn ‘ R - Restated figures as Maxmat from MC and Bizdirect from Bright Pixel were considered as assets held fo
Slide 16: Free Cash Flow
Free Cash Flow FCF bridge ei om 681 402, -279 ee ,-32 -195 EBITDA (inc. Working cap. Operational Net financial M&A capex Sale of assets Dividends FCF before rents and taxes) and others capex activity received dividends paid Sonae 2021 Full-year Results 16
Slide 17: Group leverage and dividend proposal
Group leverage and dividend proposal Net debt Dividend per share €m € cents, CAGR WWOS Solid debt maturity profile 540 +4 years YE20 var 2019 2020 2021 Sonae noatFulyea Rn proposal 7
Slide 18: NAV surpassed €4.0bn
NAV surpassed €4.0bn NAV €bn +4.5% TSR 1¥ 61% Share price performance +52% 31.12.20 31.12.21 Sonae noatFulyea Rn
Slide 19: se Sy
se Sy - s 9 8 8 4 -
Slide 20: Sonae
Sonae 2021 Full-year Results 20