Slide 1: Carrefour Q4 and FY 2009 sales
Carrefour Q4 and FY 2009 sales 14 January 2010 1
Slide 2: Q4 and full year highlights
Q4 and full year highlights • Sales growth despite a difficult trading environment ¾ Sales ex petrol at constant exchange rates: ¾ + 0.9% for full year 2009 at €96.2bn ¾ + 1.0% in Q4 at €26.0bn ¾ Consumption still under pressure, food deflation in Europe and China albeit less intense than in Q3 • 20
Slide 3: Full year sales up 0.9% ex-petrol at constant exchange rates
Full year sales up 0.9% ex‐petrol at constant exch. rates 2009 sales inc. VAT at 2009 sales inc. VAT at constant exchange rates (€m) current exchange rates (€m) 2008 89,385 2008 89,385 Excluding petrol +0.9% ‐0.4% 2009 90,189* 2009 89,000 2008 97,560 2008 97,560 Including petrol ‐0.2% 2009 96,172 ‐1
Slide 4: Sales growth in 2009 despite a difficult and deflationary environment
Sales growth in 2009 despite a difficult and deflationary environment Change in 2009 sales, excluding petrol, adjusted for calendar impact (index 2008 = 100; % change) 0.2 101.1 (1.3) 100 (1.8) 2.6 99.8 Calendar FY 2009 Like sq.m & FY 2009 FY 2008 impact const. FX Fx impact for like acquisitions cur
Slide 5: Q4 2009 sales up 1% ex-petrol at constant exchange rates
Q4 2009 sales up 1% ex‐petrol at constant exchange rates Q4 sales inc. VAT at constant exchange Q4 sales inc. VAT at current exchange rates (€m) rates (€m) Excluding 2008 23,922 2008 23,922 petrol +1.0% 2009 +0.7% 2009 24,161* 24,077 2008 25,741 2008 25,741 Including petrol +1.2% 25,994 +1.0% 2009 2
Slide 6: Sales growth in Q4
Sales growth in Q4 Change in Q4 2009 sales, excluding petrol, adjusted for calendar impact (index Q4 2008 = 100; % change) (0.2) 100.8 (0.3) 100.5 (1.3) 2.3 100 Calendar Q4 2009 Like sq.m & Q4 2009 Q4 2008 impact const. FX Fx impact for like acquisitions current FX adjustment adj. for adj. for calen
Slide 7: Q4 sales: slight improvement in Europe, robust growth in Latin America, rebound in China
Q4 sales: slight improvement in trading in Europe, robust growth in Latin America, rebound in China Change in LFL sales excluding petrol (%) G4 (2.6) (2.3) 5.4 FY 2009 Latam 4.4 Q4 2009 (4.5) Asia (0.4) European (3.5) growth (2.9) markets 7
Slide 8: France: resilience of hypermarkets in Q4, continued strength of supermarkets
France : resilience of hypermarkets in Q4, continued strength of supermarkets Change in Q4 2009 sales, excluding petrol LFL excluding petrol (index Q4 2008 = 100; % change) and adjusted for calendar (%) (0.8) 0.1 (0.2) 100 Q1 2009 (0.6) 99.1 99.3 Q2 2009 0.5 Q3 2009 (1.4) Q4 2009 (1.0) Like sq.m & C
Slide 9: France: market share gains of 0.3%, driven by the Carrefour brand
France : market share gains of 0.3%*, driven by the attractiveness of the Carrefour brand Market shares (TNS WorldPanel) 24.0 23.7 ED/ Dia 2.6 2.6 Carrefour 8.0 8.4 Market/Champion Carrefour 13.1 13.0 (1,4) 2008 2009 YTD YTD * TNS WorldPanel to 29 November 2009 9
Slide 10: France: continued strong momentum for Carrefour-branded products
France : continued strong momentum for Carrefour‐branded products Carrefour: the #1 Fast Moving Consumer Goods brand in France Change in Carrefour branded Share of Carrefour branded products sales in value (dry grocery) products sales in dry grocery 2009 Q4 09 2009 +10.3% 24.6% 110.3 +9% 109 100 23%
Slide 11: France: continued success of Carrefour Discount, improving price image
France : continued success of Carrefour Discount, improving price image Carrefour Discount contribution Carrefour perceived to dry grocery sales as increasingly price competitive 2009 3,9% Price perception score 2,0% 100 VALUE VOLUME 95 Q4 09 6,7% 90 3,4% Source: Carrefour monthly price image monito
Slide 12: Spain: sales impacted by challenging consumption environment and deflation
Spain: sales impacted by challenging consumption environment and deflation LFL excluding petrol Change in Q4 2009 sales, excluding petrol (index Q4 2008 = 100; % change) and adjusted for calendar (%) 1.1 (0.4) 100 (6.0) 94.7 94.7 Q1 2009 (4.7) Q2 2009 (6.0) Q3 2009 (7.2) Q4 2009 (6.3) Q4 2008 Like s
Slide 13: Italy: improvement in supermarkets' performance, resilience of hypermarkets in Q4
Italy: improvement in supermarkets’ performance, resilience of hypermarkets in Q4 LFL excluding petrol Change in Q4 2009 sales, excluding petrol and (index Q4 2008 = 100; % change) adjusted for calendar (%) 100 (3.0) (1.7) (0.2) Q1 2009 (3.5) 95.1 96.1 Q2 2009 (2.8) Q3 2009 (3.4) Q4 2009 (3.2) Q4 20
Slide 14: Belgium: improvement in Q4 vs Q3
Belgium: improvement in Q4 vs Q3 LFL excluding petrol Change in Q4 2009 sales, excluding petrol and (index Q4 2008 = 100; % change) adjusted for calendar (%) 100 (2.1) Q1 2009 (2.8) (0.5) (0.8) Q2 2009 (2.1) 96.6 97.5 Q3 2009 (4.9) Q4 2009 (2.9) FY 2009 Q4 2008 Like sq.m & Calendar Q4 2009 FY 2009 (
Slide 15: Brazil: strong and sustained growth
Brazil: strong and sustained growth Change in Q4 2009 sales at constant exch. rates, LFL excluding petrol excluding petrol and (index Q4 2008 = 100; % change) adjusted for calendar (%) 9.2 0.2 113.7 114.5 Q1 2009 4.3 4.3 Q2 2009 6.3 100 Q3 2009 3.7 Q4 2009 4.5 Like Calendar Q4 2009 FY 2009 Q4 2008 f
Slide 16: China: rebound of LFL growth in Q4
China : rebound of LFL growth in Q4 Change in Q4 2009 sales, at constant exch. LFL excluding petrol rates excluding petrol and (index Q4 2008 = 100; % change) adjusted for calendar (%) 11.0 0.0 114.1 108.8 Q1 2009 (5.4) 3.1 Q2 2009 (0.2) 100 Q3 2009 (3.6) Q4 2009 3.1 Like Calendar Q4 2009 FY 2009 sq
Slide 17: Hard discount: still impacted by deflation in Q4
Hard discount: still impacted by deflation in Q4 LFL excluding petrol and Change in Q4 2009 sales (index Q4 2008 = 100; % change) adjusted for calendar (%) Q1 2009 0.3 (2.4) 2.5 101.2 100 (0.2) 99.9 Q2 2009 1.3 Q3 2009 (2.6) Q4 2009 (2.6) Like sq.m & Calendar Q4 2009 FY 2009 Q4 2008 for like acquisi
Slide 18: 2009 objectives achieved
2009 objectives achieved INITIAL DELIVERY COMMITMENT Market shares France +30bp* 9 Cost reduction €500m around €530m 9 Price investment €600m around €600m 9 Inventories 2 days reduction between 1.5 and 2 days 9 Capex €2.5bn around €2.2bn 9 Activity contribution €2.7‐ 2.8bn around €2.775bn 9 Free Cas
Slide 19: Carrefour Q4 and FY 2009 sales
Carrefour Q4 and FY 2009 sales 14 January 2010 19