Casino, Guichard-perrachon Sa · EURONEXT:CO

Casino, Guichard-perrachon Sa — FY2020 Earnings Presentation

51 slides from Casino, Guichard-perrachon Sa's earnings presentation, Feb 25, 2021

1. Slide 1: 2020 Full-year Results

   2020 Full-year Results - 25 February 2021

2. Slide 2: Key figures

   Key figures 2020 Full-year Results / Thursday, 25 February 2021

3. Slide 3: Key figures

   Key figures 2020 Full-year Results / Thursday, 25 February 2021

4. Slide 4: France highlights: strong improvement in profitability in the second half

   France highlights: after a first half shaped by the health crisis costs, strong improvement in profitability on the second half 2020 Full-year Results / Thursday, 25 February 2021

5. Slide 5: Latin America highlights: excellent growth and profitability

   Latin America highlights: excellent growth and profitability 2020 Full-year Results / Thursday, 25 February 2021

6. Slide 6: France: progress in all development areas

   France: progress in all development areas 2020 Full-year Results / Thursday, 25 February 2021

7. Slide 7: 1. Retail banners: EBITDA margin of 12% in H2

   1. Retail banners: EBITDA margin of 12% in H2 2020 Full-year Results / Thursday, 25 February 2021

8. Slide 8: 1. Retail banners

   1. Retail banners 2020 Full-year Results / Thursday, 25 February 2021

9. Slide 9: 2. Food e-commerce sales: up +67%

   2. Food e-commerce sales: up +67% • • • 2020 Full-year Results / Thursday, 25 February 2021

10. Slide 10: 2. Food e-commerce

    2. Food e-commerce 2020 Full-year Results / Thursday, 25 February 2021

11. Slide 11: 2. Cdiscount: EBITDA up +63%

    2. Cdiscount: EBITDA up +63% 2020 Full-year Results / Thursday, 25 February 2021

12. Slide 12: 2. Cdiscount

    2. Cdiscount 2020 Full-year Results / Thursday, 25 February 2021

13. Slide 13: 3. RelevanC: EBITDA up +50%

    3. RelevanC: EBITDA up +50% 2020 Full-year Results / Thursday, 25 February 2021

14. Slide 14: 3. GreenYellow: a unique player in energy transition in acceleration

    3. GreenYellow: a unique player in energy transition in acceleration 2020 Full-year Results / Thursday, 25 February 2021

15. Slide 15: 3. GreenYellow

    3. GreenYellow 2020 Full-year Results / Thursday, 25 February 2021

16. Slide 16: 4. CSR: a recognised commitment

    4. CSR: a recognised commitment 2020 Full-year Results / Thursday, 25 February 2021

17. Slide 17: Results

    Results - David Lubek Chief Financial Officer 2020 Full-year Results / Thursday, 25 February 2021

18. Slide 18: Preliminary comments

    Preliminary comments 2020 Full-year Results / Thursday, 25 February 2021

19. Slide 19: 2020 Key figures

    2020 Key figures 2020 Full-year Results / Thursday, 25 February 2021

20. Slide 20: Organic growth in Q4 consolidated net sales: +10.7%

    Organic growth in Q4 consolidated net sales: +10.7% 2020 Full-year Results / Thursday, 25 February 2021

21. Slide 21: Q4 same-store gross sales under banner in France: up +3.2%

    Q4 same-store gross sales under banner in France: up +3.2% 2020 Full-year Results / Thursday, 25 February 2021

22. Slide 22: France: strong growth in profitability, EBITDA up +12.8% in H2

    France: strong growth in profitability, with EBITDA (after lease payments) up +12.8% in H2 2020 Full-year Results / Thursday, 25 February 2021

23. Slide 23: France Retail banners: EBITDA margin of 12% in H2

    France Retail banners: EBITDA margin at a satisfactory level of 12% in H2 2020 Full-year Results / Thursday, 25 February 2021

24. Slide 24: Cdiscount: marketplace acceleration, EBITDA margin up +278 bps in H2

    Cdiscount: marketplace acceleration, EBITDA margin up +278 bps in H2 2020 Full-year Results / Thursday, 25 February 2021

25. Slide 25: Latam: excellent performances, EBITDA up +58% in H2

    Latam: excellent performances, EBITDA up +58% in H2 2020 Full-year Results / Thursday, 25 February 2021

26. Slide 26: H2 underlying net profit, Group share: up +90%

    H2 underlying net profit, Group share: up +90% 2020 Full-year Results / Thursday, 25 February 2021

27. Slide 27: H2 underlying diluted EPS: €3.38

    H2 underlying diluted EPS: €3.38 2020 Full-year Results / Thursday, 25 February 2021

28. Slide 28: Asset disposal plan: €2.8bn since mid-2018

    Asset disposal plan: €2.8bn since mid-2018    2020 Full-year Results / Thursday, 25 February 2021

29. Slide 29: Reduction in gross debt in France: -€2.8bn since mid-2018

    Reduction in gross debt in France: -€2.8bn since mid-2018 2020 Full-year Results / Thursday, 25 February 2021

30. Slide 30: Free cash flow – France: +30%

    Free cash flow – France: +30% 2020 Full-year Results / Thursday, 25 February 2021

31. Slide 31: Reduction in net debt in France: €566m

    Reduction in net debt in France: €566m 2020 Full-year Results / Thursday, 25 February 2021

32. Slide 32: Reduction in consolidated net debt (before IFRS 5): €1bn

    Reduction in consolidated net debt (before IFRS 5): €1bn 2020 Full-year Results / Thursday, 25 February 2021

33. Slide 33: 2021-2023 refinancing needs reduced by -€1.5bn

    2021-2023 refinancing needs reduced by -€1.5bn 2020 Full-year Results / Thursday, 25 February 2021

34. Slide 34: Liquidity position, France: €3.15bn

    Liquidity position, France: €3.15bn €3.15bn liquidity position at 31 December 2020  €2,329m €819m €487m Segregated account Cash & Confirmed cash equivalents undrawn credit lines 2020 Full-year Results / Thursday, 25 February 2021

35. Slide 35: Ample headroom on the covenant ratio of the RCF facility

    Ample headroom on the covenant ratio of the RCF facility maturing October 2023 2020 Full-year Results / Thursday, 25 February 2021

36. Slide 36: Outlook for 2021 – France

    Outlook for 2021 – France 2020 Full-year Results / Thursday, 25 February 2021

37. Slide 37: Appendices

    Appendices - 2020 Full-year Results / Thursday, 25 February 2021

38. Slide 38: ESG ratings

    ESG ratings 2020 Full-year Results / Thursday, 25 February 2021

39. Slide 39: Impact of the health crisis

    Impact of the health crisis 2020 Full-year Results / Thursday, 25 February 2021

40. Slide 40: Non-recurring costs: sharp reduction in cash costs in France in H2

    Non-recurring costs: sharp reduction in cash costs from -€214m to -€126m in France in H2 2020 Full-year Results / Thursday, 25 February 2021

41. Slide 41: Underlying net financial expense

    Underlying net financial expense 2020 Full-year Results / Thursday, 25 February 2021

42. Slide 42: Underlying net profit and net profit, Group share

    Underlying net profit and net profit, Group share 2020 Full-year Results / Thursday, 25 February 2021

43. Slide 43: Reconciliation of reported net profit to underlying net profit

    Reconciliation of reported net profit to underlying net profit (continuing operations) 2020 Full-year Results / Thursday, 25 February 2021

44. Slide 44: Underlying non-controlling interests

    Underlying non-controlling interests 2020 Full-year Results / Thursday, 25 February 2021

45. Slide 45: Consolidated net profit (loss)

    Consolidated net profit (loss) 2020 Full-year Results / Thursday, 25 February 2021

46. Slide 46: Share of profit of equity-accounted investees

    Share of profit of equity-accounted investees 2020 Full-year Results / Thursday, 25 February 2021

47. Slide 47: Group free cash flow – Continuing operations

    Group free cash flow – Continuing operations 2020 Full-year Results / Thursday, 25 February 2021

48. Slide 48: Breakdown of consolidated net debt after IFRS 5 at 31 December 2020

    Breakdown of consolidated net debt after IFRS 5 at 31 December 2020 2020 Full-year Results / Thursday, 25 February 2021

49. Slide 49: Balance sheet

    Balance sheet 2020 Full-year Results / Thursday, 25 February 2021

50. Slide 50: Puts included in the balance sheet

    Puts included in the balance sheet  2020 Full-year Results / Thursday, 25 February 2021

51. Slide 51: Disclaimer

    Disclaimer 2020 Full-year Results / Thursday, 25 February 2021

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