Europris Asa · OSL:EPR

Europris Asa — SEB Nordic Seminar 2021

18 slides from Europris Asa's conference presentation, Jan 7, 2021

  1. Slide 1: Company presentation

    Company presentation January 2021 CEO Espen Eldal

  2. Slide 2: Europris - Norway's #1 discount variety retailer

    Europris - Norway’s #1 discount variety retailer • 32 million customer transactions in 2019 Customers • Widely recognised brand and price position1 • Increasing market share and gaining new customers • 1 million leaflets in distribution Marketing • 590 000 subscribers to digital newsletter • 670 000

  3. Slide 3: 28 years of consecutive growth

    28 years of consecutive growth NOK million 25 years of JV with Listing growth Tokmanni on Store #250 7 000 and opened Oslo Shanghai Børs sourcing 6 000 office Acquired by 5 000 Nordic Capital Central warehouse 4 000 Founded by Acquired by opened in Wiggo IK Store Fredrikstad 3 000 Erichsen Investmen

  4. Slide 4: With a strong brand

    With a strong brand 100% #1 Recognition Price perception Source: Mediacom annual market survey 5 Ranking among wide variety retailers (Biltema, Clas Ohlson, Coop OBS, Europris, Jernia, Jula, Jysk, Nille, Plantasjen, Rusta)

  5. Slide 5: Track record of above-market growth

    Track record of above-market growth Revenue and EBITDA margin1 Total growth for Europris and market2,3 NOK billion 7,4 6,2 5,8 5,4 19,1% 5,1 4,6 4,3 14% 14% 13% 13% 12% 9,3% 12% 11% 8,4% 7,7% 6,0% 6,4% 5,3% 2014 2015 2016 2017 2018 2019 LTM Q3 2014 2015 2016 2017 2018 2019 LTM Q3 2020 2020 Revenue E

  6. Slide 6: Our approach – sustainability in all we do

    Our approach – sustainability in all we do Sustainable value chain • 39% of single use plastic phased out – well on way to 100% target • Over 2 100 quality and safety test carried out in Europris’ testing laboratory Resource-efficient business model • Emissions has been reduced by 41% since 2014 • A

  7. Slide 7: Strategic focus areas

    Strategic focus areas Strengthen price Improve customer Drive customer and cost position experience growth 8

  8. Slide 8: Strengthen price and cost position

    Key initiatives Strengthen price and cost position Sourcing from solid Nordic base From 5 to 1 warehouse Private label strategy Savings estimated to 0.75-1.25 a • Optimise range and private label percentage points of group revenues strength 100 700 • Strengthen price position • Improve quality 75 40

  9. Slide 9: Improve customer experience

    Key initiatives Improve customer experience Constant category development ‘In-store’, seasons, campaigns Sustainable product options Improve sustainability performance Assortment optimisation • Private label • Brand name merchandise • Offer sustainability for everyone In-store Redesigned – at afford

  10. Slide 10: Drive customer growth

    Key initiatives Drive customer growth Store development Grow e-commerce Expand digital, data and e-crm Comprehensive store development plan New e-commerce platform in April 2020 32 million sales slips a year: • Relocation • Simpler and flexible shopping solution • Upgrade • Product range significant

  11. Slide 11: Strategy well anchored in dedicated organisation

    Strategy well anchored in dedicated organisation Our values ✓ Positive attitude • Highly dedicated and loyal employees ✓ Pro-active • Most important asset in Europris ✓ Clear • Well being and job satisfaction at an all time high ✓ Business oriented • Develop long and meaningful careers ✓ Simple • Ke

  12. Slide 12: Significant untapped potential

    Significant untapped potential Fogra Reklamefoto 13

  13. Slide 13: Significant growth opportunities for Europris

    Significant growth opportunities for Europris Addressable market in Norway Population per country million Groceries General merchandise ~300. 5.4 NOKbn1 5.5 10.2 ~180. NOKbn1 Specialty retail ~420. NOKbn1 Sources: Statistics Norway (SSB), 2017; Statistics Sweden (SCB), 2018 LTM; Statistics Finland (

  14. Slide 14: Geographical expansion – option to acquire ÖoB

    Geographical expansion – option to acquire ÖoB ÖoB – a perfect partner • Option to acquire remaining 80% stake in ÖoB* • Exercisable within Q2 2021 ✓ 90% category overlap and strong cultural fit • Fixed multiple of 7.7x average 2019 and 2020 EBITDA ✓ Nordic agreements with branded suppliers and join

  15. Slide 15: Ambitious long-term financial and operational goals

    Ambitious long-term financial and operational goals Growth Continue to deliver like-for-like growth above the market over time Target to open on average 5 new stores net per year, depending on availability of locations which meet Number of new stores strict return requirements, potential for relocat

  16. Slide 16: Be the best discount variety retailer in Europe

    Be the best discount variety retailer in Europe Fogra Reklamefoto 17

  17. Slide 17: Next event: Q4 presentation 4 February 2021

    Next event: Q4 presentation 4 February 2021

  18. Slide 18: Alternative performance measures (APMs)

    Alternative performance measures (APMs) APMs are used by Europris for annual and periodic financial reporting in order to provide a better understanding of Europris financial performance and are also used by management to measure operating performance. In the discussion of the reported operating res

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