Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Koninklijke Ahold — Shareholder Meeting (April 2011)
57 slides from Koninklijke Ahold Delhaize's shareholder meeting presentation, Apr 20, 2011
Slide 1: Annual General Meeting of Shareholders 2011 Welcome
Annual General Meeting of Shareholders 2011 Welcome A Amsterdam, d A Aprilil 20 20, 2011
Slide 2: Agenda item 1: Opening
Agendapunt g p 1 / Agenda g item 1 • Opening Amsterdam, April 20, 2011 2
Slide 3: Albert Heijn 1927 - 2011
Albert Heijn 1927 - 2011 Amsterdam, April 20, 2011 3
Slide 4: Report of the Corporate Executive Board for financial year 2010
Agendapunt g p 2 / Agenda g item 2 • Verslag van de Raad van Bestuur over het boekjaar 2010 • Report of the Corporate Executive Board for financial year 2010 Amsterdam, April 20, 2011 4
Slide 5: Dick Boer, Chief Executive Officer
Annual General Meeting of Shareholders 2011 Dick Di kBBoer Chief Executive Officer
Slide 6: Amsterdam, April 20, 2011
Albert Heijn GalleGall Albert ; ~~ eS a= OQ Wie ots (et ns aii = : Amsterdam, April 20, 2011 6 ~ Ahold
Slide 7: Amsterdam, April 20, 2011
_™ albert hypernova Amsterdam, April 20, 2011 7 ~ Ahold
Slide 8: Amsterdam, April 20, 2011
Amsterdam, April 20, 2011 8 ~ Ahold
Slide 9: Amsterdam, April 20, 2011
Y StopsShop’ {, Giant GIANT MARTINS. Peaped Amsterdam, April 20, 2011 9 ~ Ahold
Slide 10: Ahold Europe Ahold USA
Ahold Europe Ahold USA Amsterdam, April 20, 2011 10
Slide 11: John Rishton Larry Benjamin
John Rishton Larry Benjamin Amsterdam, April 20, 2011 11
Slide 12: Our strategic pillars
Our strategic pillars Amsterdam, April 20, 2011 12
Slide 13: 1. Driving core sales by increasing customer loyalty
1. Driving core sales by increasing customer loyalty Amsterdam, April 20, 2011 13
Slide 14: Driving core sales by increasing customer loyalty
Driving core sales by increasing customer loyalty Amsterdam, April 20, 2011 14
Slide 15: 2. Broadening our offering through innovation
2. Broadening our offering through innovation Amsterdam, April 20, 2011 15
Slide 16: Broadening our offering through innovation
Broadening our offering through innovation Amsterdam, April 20, 2011 16
Slide 17: 3. Growing in new markets
3. Growing in new markets Amsterdam, April 20, 2011 17
Slide 18: Growing in new markets
Growing in new markets Amsterdam, April 20, 2011 18
Slide 19: 4. Simplicity and reducing costs
4. Simplicity and reducing costs besparen Amsterdam, April 20, 2011 19
Slide 20: 5. Responsible retailing
5. Responsible retailing Amsterdam, April 20, 2011 20
Slide 21: Responsible retailing
Responsible retailing Amsterdam, April 20, 2011 21
Slide 22: 6. Developing our people
6. Developing our people Amsterdam, April 20, 2011 22
Slide 23: Developing our people
Developing our people Amsterdam, April 20, 2011 23
Slide 24: Our strategic pillars
Our strategic g pillars p Creating growth 1 1. Driving core sales by increasing customer loyalty 2. Broadening our offering through innovation 3. Growing in new markets Enabling growth 4. Simplicity and reducing costs 5. Responsible retailing 6. Developing our people Amsterdam, April 20, 2011 24
Slide 25: Better choice. Better value. Better life. Every day.
fon ia ©tos (3 cotteGal amin albert. albert [A typemovs ICA We StopsShop" We Giant GIANT MARTINS Peaped «ci» ( Ahold Better choice. Better value. Better life. Every day. Amsterdam, April 20, 2011 25 4) Ahold
Slide 26: Albert Heijn 1927 - 2011
Albert Heijn 1927 - 2011 Amsterdam, April 20, 2011 26
Slide 27: Better choice. Better value. Better life. Every day.
fon ia ©tos (3 cotteGal amin albert. albert [A typemovs ICA We StopsShop" We Giant GIANT MARTINS Peaped «ci» ( Ahold Better choice. Better value. Better life. Every day. Amsterdam, April 20, 2011 27 4) Ahold
Slide 28: Kimberly Ross, Chief Financial Officer
Annual General Meeting of Shareholders 2011 Kimberly Ki b l Ross R Chief Financial Officer
Slide 29: Another successful year for Ahold
Another successful y year for Ahold • Solid performance in a challenging environment • Net sales up 4.4% • Volume growth and increased market share • €500m share buyback program completed • Dividend increase by 26% to €0.29 Amsterdam, April 20, 2011 29
Slide 30: Full Year 2010 headline numbers
Full Year 2010 headline numbers (in mln EUR) 2010 2009* N t sales Net l 29 530 29,530 27 925 27,925 Operating income 1,336 1,297 Net income 853 894 * FY 2009 consisted of 53 week s Amsterdam, April 20, 2011 30
Slide 31: Full Year 2010 sales growth
Full Year 2010 sales growth (in mln EUR) 4.4% 0.6% 5.7% 2.2% 29,530 1.6% 3.3% (2.0%) 27,925 2009 Week 53 Exchange Constant Identical New Gas 2010 Total Sales Rate Rates ex Sales Sales Total Sales Impact Week 53 (ex-gas) Area Amsterdam, April 20, 2011 31
Slide 32: Full Year 2010 retail operating margin
Full Year 2010 retail operating margin (in mln EUR) 27 1,449 24 (14) 1,412 4.9% 4.8% FY 2010 Restructuring Real Estate Impairments FY 2010 Reported Underlying Amsterdam, April 20, 2011 32
Slide 33: Free cash flow
Free cash flow (in mln EUR) 2010 + / ( - ) 2009 Operating cash flow from continuing operations 2,111 205 Net investment in fixed assets (838) (90) Dividends from joint ventures 111 42 Net interest paid (272) 7 Free cash flow 1,112 164 Amsterdam, April 20, 2011 33
Slide 34: Uses of free cash flow
Uses of free cash flow (in mln EUR) 2010 + / ( - ) 2009 Free cash flow 1,112 164 Repayment of loans (419) 105 Dividends paid / Share buyback (658) (446) Acquisition of businesses (159) (155) Other (33) 344 Net cash changes (157) 12 Amsterdam, April 20, 2011 34
Slide 35: Gross and net debt
Gross and net debt (in mln EUR) Gross Debt Net Debt 6 480 6,480 5 379 5,379 4,241 3,700 3,561 4,363 , 2,116 1,378 717 737 YE 2006 YE 2007 YE 2008 YE 2009 YE 2010 Amsterdam, April 20, 2011 35
Slide 36: Gross debt maturity profile
Gross debt maturity profile (in mln EUR) 2,773 487 78 92 93 2011 2012 2013 2014 2015+ 2015 Amsterdam, April 20, 2011 36
Slide 37: Pensions – company funding ratio
Pensions – company funding ratio YE 2010 YE 2009 The Netherlands 112% 116% United States 103% 102% 37 Amsterdam, April 20, 2011 37
Slide 38: Dividend
Dividend • Dividend 2010 €0.29 per common share • Timetable April 26, 2011: common share quoted ex dividend April 28 28, 2011: dividend record date May 3, 2011: dividend payable in cash Amsterdam, April 20, 2011 38
Slide 39: Summary
Summary • Underlying retail operating margin of 4.9% • Operating income up 3.0% • €350 million 2010-2012 cost saving gpprogram g ahead of schedule • Delivered on 2010 guidance • Capex €1.1 billion • Net interest €270 million • Square footage up 3.6% • Dividend increase by 26% to €0.29 • New €1 billi
Slide 40: Cautionary notice
Cautionary notice This presentation includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual t l results, lt performance f or
Slide 41: Discussion agenda items 2, 3, 4 and 5
Discussie agendapunten 2, 3, 4 en 5 Discussion agenda items 2, 3, 4 and 5
Slide 42: Voting is open
Stemming g is geopend g p / Voting g is open p Om te stemmen, druk op 1, 2 of 3 Register your vote by pressing 1, 2 or 3 1 = voor / for 2 = tegen / against 3 = onthouding / abstention Correctie / Correction Maak opnieuw uw keuze. Uw laatste keuze geldt. Make your choice again. Your last choice will
Slide 43: Proposal to adopt 2010 financial statements
Agendapunt g p 4 / Agenda g item 4 • Voorstel tot vaststelling van de jaarrekening over het boekjaar 2010 • Proposal to adopt 2010 financial statements Amsterdam, April 20, 2011 43
Slide 44: Proposal to determine the dividend over financial year 2010
Agendapunt g p 5 / Agenda g item 5 • Voorstel tot vaststelling dividend over het boekjaar 2010 • Proposal to determine the dividend over financial year 2010 Amsterdam, April 20, 2011 44
Slide 45: Discharge of liability of the Corporate Executive Board
Agendapunt g p 6 / Agenda g item 6 • Voorstel tot het verlenen van decharge aan de leden van de Raad van Bestuur • Discharge of liability of the members of the Corporate Executive Board Amsterdam, April 20, 2011 45
Slide 46: Discharge of liability of the Supervisory Board
Agendapunt g p 7 / Agenda g item 7 • Voorstel tot het verlenen van decharge aan de leden van de Raad van Commissarissen • Discharge of liability of the members of the Supervisory Board Amsterdam, April 20, 2011 46
Slide 47: Proposal to appoint Mr. A.D. Boer to the Corporate Executive Board
Agendapunt g p 8 / Agenda g item 8 • Voorstel tot benoeming van de heer A.D. Boer voor een nieuwe termijn tot lid van de Raad van Bestuur met ingang van 20 april 2011 • Proposal to appoint Mr. A.D. Boer for a new term as a member of the Corporate Executive Board, with effect from April 20, 2011 Amst
Slide 48: Proposal to appoint Mr. R. van den Bergh to the Supervisory Board
Agendapunt g p 9 / Agenda g item 9 • Voorstel tot benoeming van de heer R. van den Bergh tot lid van de Raad van Commissarissen met ingang van 20 april 2011 • Proposal to appoint Mr. R. van den Bergh as a member of the Supervisory Board, with effect from April 20, 2011 Amsterdam, April 20, 2011 48
Slide 49: Proposal to reappoint Mr. T. de Swaan to the Supervisory Board
Agendapunt g p 10 / Agenda g item 10 • Voorstel tot benoeming van de heer T. de Swaan voor een nieuwe termijn tot lid van de Raad van Commissarissen met ingang van 20 april 2011 • Proposal to appoint Mr. T. de Swaan for a new term as a member of the Supervisory Board, with effect from April 20, 2011
Slide 50: Proposal to appoint Deloitte Accountants B.V.
Agendapunt g p 11 / Agenda g item 11 • Voorstel tot benoeming van Deloitte Accountants B.V. • Proposal to appoint Deloitte Accountants B.V. Amsterdam, April 20, 2011 50
Slide 51: Authorization to issue shares
Agendapunt g p 12 / Agenda g item 12 • Aanwijzing tot uitgifte van aandelen • Authorization to issue shares Amsterdam, April 20, 2011 51
Slide 52: Authorization to restrict or exclude pre-emptive rights
Agendapunt g p 13 / Agenda g item 13 • Aanwijzing tot het beperken of uitsluiten van voorkeursrechten • Authorization to restrict or exclude pre-emptive rights Amsterdam, April 20, 2011 52
Slide 53: Authorization to acquire shares
Agendapunt g p 14 / Agenda g item 14 • Machtiging tot inkoop van eigen aandelen • Authorization to acquire shares Amsterdam, April 20, 2011 53
Slide 54: Cancellation of common shares
Agendapunt g p 15 / Agenda g item 15 • Intrekking van gewone aandelen • Cancellation of common shares Amsterdam, April 20, 2011 54
Slide 55: Closing
Agendapunt g p 16 / Agenda g item 16 • Sluiting • Closing Amsterdam, April 20, 2011 55
Slide 56: Questions
Questions Amsterdam, April 20, 2011 56
Slide 57: Thank you
Thank you y Amsterdam, April 20, 2011 57