Slide 1: Carrefour Q3 2009 sales
Carrefour Q3 2009 sales 15 October 2009 1
Slide 2: Q3 highlights
Q3 highlights • Sales resilience in a persistently difficult and deflationary trading environment ¾ Consumption under pressure and food deflation in Europe and China ¾ Sales ex petrol at constant exchange rates: ¾ + 0.8% for the first nine months at €70.2bn ¾ + 0.5% in Q3 at €24.0bn • +0.2% market s
Slide 3: 9 month sales up 0.8% ex-petrol at constant exch. rates
9 month sales up 0.8% ex‐petrol at constant exch. rates 9 month sales inc. VAT at 9 month sales inc. VAT at constant exchange rates (€m) current exchange rates (€m) 2008 65,463 2008 65,463 Excluding petrol +0.8% ‐0.8% 2009 65,997* 2009 64,923 2008 71,819 2008 71,819 Including petrol ‐0.7% 2009 70,17
Slide 4: Resilient sales in a persistently difficult and deflationary environment
Resilient sales in a persistently difficult and deflationary environment Change in 9m 2009 sales, excluding petrol, adjusted for calendar impact (index 9m 2008 = 100; % change) 0.4 101.2 (1.6) 100 (1.9) 2.7 99.6 Calendar 9m 2009 Like sq.m & 9m 2009 9m 2008 impact const. FX Fx impact for like acquisi
Slide 5: Q3 2009 sales up 0.5% ex-petrol at constant exchange rates
Q3 2009 sales up 0.5% ex‐petrol at constant exchange rates Q3 sales inc. VAT at constant exchange Q3 sales inc. VAT at current exchange rates (€m) rates (€m) Excluding 2008 22,469 2008 22,469 petrol +0.5% 2009 20,086 ‐1.7% 2009 22,573* 2008 24,723 2008 24,723 Including petrol 24,526* ‐0.8% 2009 24,0
Slide 6: Sales resilience in Q3 adjusted for calendar
Sales resilience in Q3 adjusted for calendar Change in Q3 2009 sales, excluding petrol, adjusted for calendar impact (index Q3 2008 = 100; % change) 2.9 (0.1) (2.2) (2.4) 100.4 100 98.2 Calendar Q3 2009 Like sq.m & Q3 2009 Q3 2008 impact const. FX Fx impact for like acquisitions current FX adjustmen
Slide 7: Q3 sales: difficult trading in Europe, robust growth in Latin America
Q3 sales: difficult trading in Europe, robust growth in Latin America Change in LFL sales excluding petrol (%) (3.5) G4 (1.4) (3.1) 4.6 Q1 2009 Latam 7.9 Q2 2009 4.6 Q3 2009 (6.7) Asia (4.5) (6.4) (3.8) European growth (2.8) markets (4.7) 7
Slide 8: France: success of Carrefour Market offsets hypers' weak performance
France : success of Carrefour Market offsets hypers’ weak performance Change in Q3 2009 sales, excluding petrol Market shares (TNS WorldPanel) (index Q3 2008 = 100; % change) 23.8 24.0 (1.1) (0.1) 2.6 2.6 ED 100 (0.3) Champion/ 8.1 8.4 Carrefour Market 98.5 13.1 13.0 Carrefour (1,4) 2008 2009 YTD YT
Slide 9: France: strong momentum for Carrefour-branded products
France : strong momentum for Carrefour‐branded products Carrefour: the #1 Fast Moving Consumer Goods brand in France Carrefour branded Carrefour branded products sales products sales in value (dry grocery) in value (dry grocery) +11.4% +8.5% 111.4 108.5 YTD 100 Q3 09 100 9 month 9 month Q3 2008 Q3 2
Slide 10: France: resounding success of Carrefour Discount, improving price image
France : resounding success of Carrefour Discount, improving price image Carrefour Discount contribution Carrefour perceived to dry grocery sales as increasingly price competitive YTD 2.9% Price perception score 1.5% VALUE VOLUME 100 Q3 09 95 6.1% 2007 2008 J a n -0 9 F e b -0 9 M a r-0 9 A p r-0 9
Slide 11: Spain: sales impacted by declining consumption and deflation
Spain: sales impacted by declining consumption and deflation Change in Q3 2009 sales, excluding petrol LFL excluding petrol (index Q3 2008 = 100; % change) and adjusted for calendar (%) 0.4 (7.6) 1.5 100 94.3 Q1 2009 (4.7) Q2 2009 (6.0) Q3 2009 (7.2) Q3 2008 Like sq.m & Calendar Q3 2009 for like acq
Slide 12: Italy: stabilization in hypermarkets compared to Q2
Italy: stabilization in hypermarkets compared to Q2 Change in Q3 2009 sales, excluding petrol LFL excluding petrol (index Q3‐ 2008 = 100; % change) and adjusted for calendar (%) 100 (3.5) (0.2) 0.1 96.4 Q1 2009 (3.5) Q2 2009 (2.8) Q3 2009 (3.4) Q3 2008 Like sq.m & Calendar Q3 2009 for like acquisiti
Slide 13: Belgium: a challenging quarter
Belgium: a challenging quarter Change in Q3 2009 sales, excluding petrol LFL excluding petrol (index Q3 2008 = 100; % change) and adjusted for calendar (%) 1.6 100 (3.9) (1.1) Q1 2009 (2.8) 96.6 Q2 2009 (2.1) Q3 2009 (4.9) Q3 2008 Like sq.m & Calendar Q3 2009 for like acquisitions impact adj. for ad
Slide 14: Brazil: continued strong growth
Brazil: continued strong growth Change in Q3 2009 sales at constant exch. rates, excluding petrol LFL excluding petrol (index Q3 2008 = 100; % change) and adjusted for calendar (%) 11.0 (0.1) 114.7 3.8 Q1 2009 4.3 100 Q2 2009 6.3 Q3 2009 3.7 Q3 2008 Like sq.m & Calendar Q3 2009 for like acquisitions
Slide 15: China: store expansion drives sales growth
China : store expansion drives sales growth Change in Q3‐ 2009 sales, at constant exch. LFL excluding petrol rates excluding petrol and adjusted for calendar (%) (index Q3‐ 2008 = 100; % change) 10.7 0.0 107.1 (3.6) Q1 2009 (5.4) 100 Q2 2009 (0.2) Q3 2009 (3.6) Like Calendar Q3 2009 Q3 2008 sq.m & f
Slide 16: Hard discount: continued increase in volumes
Hard discount: continued increase in volumes Change in Q3 2009 sales LFL excluding petrol (index Q3 2008 = 100; % change) and adjusted for calendar (%) 100 (2.5) 2.6 (0.1) 100 Q1 2009 0.3 Q2 2009 1.3 Q3 2009 (2.6) Q3 2008 Like sq.m & Calendar Q3 2009 for like acquisitions impact adj. for adjustment
Slide 17: On track to achieve 2009 objectives
On track to achieve 2009 objectives Q4 priorities ¾Continued roll‐out of the « En Avant! » transformation plan ¾Strong commercial dynamics to consolidate market share gains in France 2009 outlook: on track ¾ Activity Contribution in the lower end of €2.7‐ 2.8bn range ¾ €600m investment in sales dyna