Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — Q3 2022 Earnings Presentation
13 slides from Sonae Sgps Sa's earnings presentation, Nov 10, 2022
Slide 1: 3Q22 results
3Q22 results Shaping tomorrow, today Sonae 10th November 2022
Slide 2: A challenging environment
A challenging . MN : / HY Food \ if . ee y pO‘ rates \ y — Energy ‘ Interest | a costs Me A Supply i iy chains 4 r\\ wy
Slide 3: Jan.22 Feb.22 Mar.22
120 110 100 90 80 -30% 70 Jan.22 Feb.22 Mar.22 Apr.22 May.22 Jun.22 Jul.22 Aug.22 Sep.22 Oct.22 Nov.22 3
Slide 4: Active portfolio management Sonae
Active portfolio management Sonae © In Bright Pixel, 2 new investments (retail tech segment) and follow-on investments in current portfolio companies OC) BrightPixe! Sonaecom Sones’ Sonae Nes © Termination of ZOPT partnership (Sonaecom)
Slide 5: NAV increased by 3% QoQ
NAV increased by 3% QoQ Jun22 Profitability Market multiples NAV Sierra + Bright Pixel NOS Debt and others Sep22
Slide 6: Turnover reached €2bn in the 3Q
Turnover reached ©2bn in the 3Q ) Ww 3Q21R MC Worten Zeitreel Others R - Restated as Maxive from Bright Pixel was considered as asset held for sale and all periods since 1921 were restated to consider this asset as discontinued operation. 3Q22
Slide 7: Underlying EBITDA margin pressured
Underlying EBITDA margin pressured Sonae €m +7.2% 1 +4 181 3Q21R Mc Others 3Q22 R - Restated as Maxive from Bright Pixel was considered as asset held for sale and all periods since 1Q21 were restated to consider this asset as discontinued operation.
Slide 8: EBITDA decreased by 5% yoy
EBITDA decreased by 5% yoy Sonae €m f -5.4% | 3Q21R Mc Sierra Universo NOS & ISRG Others 3Q22 R - Restated as Maxive from Bright Pixel was considered as asset held for sale and all periods since 1921 were restated to consider this asset as discontinued operation.
Slide 9: Net result stood at €92m
Net result stood at €92m Sonae Miso MH Direct result Indirect Result Net result (group share) €m €m €m 210 9M21R 9M22 9M21R 9M22 9M21R 9M22 R - Restated as Maxive from Bright Pixel was considered as asset held for sale and all periods since 1Q21 were restated to consider this asset as discontinued o
Slide 10: FCF reached €81m in the 3Q
FCF reached €81m in the 3Q Sonae em 070 7 ; 94 00°" 7 H60 81 1 © EBITDA Working cap. Operational Net financial M&A capex Sale of assets Dividends FCF* (inc. rents and others capex activity received and taxes) 10 * Before dividends paid.
Slide 11: Strong M&A impacted net debt
Strong M&A impacted net debt Sonae Net debt sep21 Oper. Net financial M&A Capex Sale of assets Dividends Dividends paid Net debt sep22 Cash Flow activity received
Slide 12: Leverage remains conservative
Leverage remains conservative . oly Net Debt to EBITDA’ orc Net Financial Debt to EBITDA’ Nz, ss 2.9x 2.9x LJ 17x nox 1.2x 1.3x Financial |] 3Q21 3Q22 3Q21 3Q22 LTV Gross [Proportional % QO Sierra LtvHolding % Sonae 46% 9% % 10% 8.9% 3Q21 3Q22 3Q21 3Q22 1- statutory (la Low cost of debt of c.1%
Slide 13: Sonae
Sonae 13