Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q1 2026 Earnings Presentation
27 slides from Koninklijke Ahold Delhaize's earnings presentation, May 6, 2026
Slide 1: Q1 2026 results
Q1 2026 results 1 May 6, 2026
Slide 2: Cautionary notice
cautionary notice This communication includes forward -looking statements. All statements other than increases in costs associated with the Company’s defined benefit pension plans; statements of historical facts may be forward -looking statements. Forward -looking ransomware and other cybersecurity
Slide 3: Welcome
Q1 2026 welcome 3 Ahold Delhaize – Q1 2026
Slide 4: Speakers
speakers Frans Jolanda JP Muller Poots -Bijl O’Meara President & Chief Executive Officer Chief Financial Officer SVP Investor Relations 4 Ahold Delhaize – Q1 2026
Slide 5: Ahold Delhaize reports solid Q1 2026 results and reiterates guidance for the year
Ahold Delhaize • Through our family of great local brands, we understand what matters most to customers. Customer value remains at the heart of everything we do. Balanced investments – in our customer value propositions, strengthening our portfolio reports solid Q1 2026 and expanding our footprint –
Slide 6: Quarterly performance
Q1 2026 quarterly performance Frans Muller 6 Ahold Delhaize – Q1 2026
Slide 7: Ahold Delhaize – Q1 2026
7 Ahold Delhaize--Qi 2026
Slide 8: Customer value, operational discipline, investing in the future
customer operational investing in value discipline the future 8 Ahold Delhaize – Q1 2026
Slide 9: Reliable quality for all budgets
reliable quality for all budgets strong, consistent customer value • Stop & Shop lowering everyday prices across key states • Hannaford introducing refreshed private label packaging • The GIANT Company launching its “Simply Low” campaign 9 Ahold Delhaize – Q1 2026
Slide 10: Strengthened relevance and execution
strengthened relevance and execution quality sales growth • Completed Delfood acquisition, adding over 300 convenience stores • Continued rollout of Delhaize’s affiliate model to 7 new locations • Further progress in Serbia following the end of the government decree 10 Ahold Delhaize – Q1 2026
Slide 11: Ahold Delhaize – Q1 2026
11 Ahold Delhaize – Q1 2026
Slide 12: Empowered leadership driving results
empowered leadership driving results building on our momentum in Romania • Merged Mega Image and Profi into one entity under Xavier and team in Romania • Synergy capture from the integration is progressing well • Providing fuel as we speed up space expansion 12 Ahold Delhaize – Q1 2026
Slide 13: Investing in the future
investing in sourcing & merchandising store operations the future more than 100 AI use cases across four domains marketing agentic shopping 13 Ahold Delhaize – Q1 2026
Slide 14: Ahold Delhaize – Q1 2026
14 Ahold Delhaize – Q1 2026
Slide 15: Financial highlights
Q1 2026 financial highlights Jolanda Poots -Bijl 15 Ahold Delhaize – Q1 2026
Slide 16: Ahold Delhaize – Q1 2026
16 Ahold Delhaize – Q1 2026
Slide 17: First quarter results 2026
comparable sales growth excl. gas net sales +2.0% U.S. +1.5% EU +2.6% online €22.3bn sales vs LY constant rates first +2.0% €2.6bn underlying vs LY constant rates quarter operating income 1 +8.3% results 2026 € 896m vs LY constant rates underlying underlying results +8.1% operating margin 1 4.0% und
Slide 18: First quarter results 2026 (IFRS-reported)
diluted EPS €0.62 net sales vs LY actual rates +2.8 % €22.3bn online sales vs LY actual rates first (4.3%) €2.6bn quarter operating income vs LY actual rates +2.9% results 2026 € 895m vs LY actual rates IFRS -reported results +1.7% operating margin 4.0% vs LY actual rates income from +0.2 pts contin
Slide 19: Comparable sales growth trends by region
comparable sales growth trends by region Actuals excluding gas Ex weather/calendar/other 1 ex. Gas Q1 g roup Europe Q1 U.S. Q1 c omparable sales g rowth excl. gas +1.5% +2.6% +2.0% 5.8% 4.8% 4.9% 3.7% 3.4% 3.4% 3.1% 3.1% 2.9% 2.9% 2.8% 2.9% 2.6% 2.6% 2.7% 2.6% 2.7% 2.4% 1.8% 1.5% Q1 2025 Q2 2025 Q3
Slide 20: US Q1 2026 highlights
US Q1 2026 highlights net sales further elevating Online € 12.7bn our CVP welcomed UberEats to our online ecosystem to further expand the accessibility +1.5% vs LY at constant rates and convenience of our and capturing new growth online channel opportunities online sales growth Food Lion The GIANT C
Slide 21: EU&I Q1 2026 highlights
EU&I Q1 2026 highlights net sales continued focus Own brand € 9.6bn on value products at Alfa Beta have been awarded six superior taste awards + 2.7% vs. LY at constant rates and creating excellent customer experiences online sales growth bol Albert Heijn 3.3% launched bol.checkout so customers can
Slide 22: Q1 free cash flow bridge
Q1 free cash flow bridge Primarily due to cycling the the result of calendar FCF Q1 2026 vs Last Year (in €m) divestment and seasonalofphasing two meatbetween facilities the quarters in the and U.S. year over year 199 25 13 (530) (2) (7) (28) (330) FCF Changes in Other operating Income Net Net Lease
Slide 23: Outlook 2026
around €2.7 billion gross capital expenditures at least €2.3 billion at least free cash flow €1.25 billion mid -to save for our customers outlook high -single digit growth 2026 underlying EPS 1 underlying operating margin 2026 is a 53 -week calendar year 1. Based on constant rates around 4.0% 2. Man
Slide 24: Q&A
Q&A
Slide 25: Thank you
thank you FOODRALION $sTopasHop = Sg"? SM. «= Giant Qe BA oprofi DELHAIZE ats bol. FeTMAXi) F) Baertnowtes [ENA £202 GalleGall proud companies of {) Bohcize
Slide 26: Calendar
rolling 12 months calendar
Slide 27: Corporate calendar
corporate calendar rolling 12 months Q2 Q3 Q4 Q1 2026 2026 2026 2027 April 8 August 5 November 4 February 10 Annual General Meeting of Results Q2 2026 Results Q3 2026 Results Q4 & FY 2026 Shareholders May 6 February - March Results Q1 2026 Annual Report publication 2026 27 Ahold Delhaize – Q1 2026
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