Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — 9M 2021 Earnings Presentation
17 slides from Sonae Sgps Sa's earnings presentation, Nov 11, 2021
Slide 1: Nine months Results
2021 Nine months Results 11" NOVEMBER 2021
Slide 2: Active portfolio management and strategy execution
Active portfolio management and strategy execution DAES Sale of 24.99% Sale of its 50% stake in Sonae MC stake in Maxmat to CVC Strategic for £68 M Opportunities for an upfront value of €528M Acquisition of 95.4% stake in Gosh! for £75 M 9M21 RESULTS Spee IM Sale of its stake in Bizdirect and CB4 Ac
Slide 3: Business by business view
Business by business view
Slide 4: Sonae MC
Sonae MC Turnover LfL Underlying EBITDA €M % Wi Hupers Supers | New growth bus. €M, % 3686 3,883 3,360 LfL +2.3%| 384 9.8 362 6.8 9.2 332 ae 9.9% 13 17 9.9% Bis -10.9 9M19R 9M20R 9M21 9M20 R 9M21 9M19R 9M20 R 9M21 A -Restatedas Maxmatwas sold in 3021, and all periods were restated to consider this a
Slide 5: Worten
Worten Turnover Online Sales Underlying EBITDA €M €M, % 803 Tsk HE TT +11.8% 51 40 6.4% 29 5.2% 3.9% €M 9m19 9M20 9M21 9M19 9M20 9M21 9M19 9M20 9M21 9M21 RESULTS
Slide 6: Sonae Fashion
Sonae Fashion Turnover Online Sales Underlying EBITDA €M 06%) 6% LfL -3.2% €M €M 25 a @ L = 10 9m19 9M20 9M21 9M19 9M20 9M21 9M19 9M20 9M21 9M21 RESULTS
Slide 7: ISRG
ISRG Turnover Online Sales EBITDA €M €M €M, % 590 498 1G 68 11.5% 48 9.6% L9M19. ss L9M20.—s LOM LOM19.« L9M20.—s LOM21 L9M19.-«L9M20.—s LOM Note: Due to calendar reporting dates of 1D Sports (the main shareholder of the JV), ISRG figures for the L9M 21 ended last August st 9M21 RESULTS
Slide 8: Sonae Sierra
Sonae Sierra Sales Occupancy rate NAV European portfolio, LfL. 9M21, % €M MoM, % of 2019 values 96 a8 96 gu 913 91 83 Jul 21 Aug 21 Sept 21 Portugal Total Europe Jun 21 Sept 21 9M21 RESULTS
Slide 9: Sonae FS
Sonae FS Turnover* Universo card Customer base €M Market share in credit k Portugal (%, yta) 23) 5S Go 913 936 49 / ' ; QM19 9M20 QM21 Aug 20 Aug21 Jun 21 Sept 21 * Proportional figureswith 50% MDS. 9M21 RESULTS
Slide 10: Sonae IM
Sonae IM Turnover Capex NAV* €M €M, L12M €M TF | 9M19 R 9M20R 9M21 Sept 20 Sept 21 Dec 20 Sept 21 R-- Restated as Bizdirect was sold in 3021 andall periods were restated to consider this asset as discontinued operation 9M21 RESULTS “NAV of the active portfolio: Fair value and cash invested for AVP f
Slide 11: NOS
NOS Turnover EBITDA Net income €M Mm €M, % €M 1,092 31% 4 L014 1,045, els 47 478 OO 46.5% 45.7% 138 ca a a . a gM19 9M20 QM21 gM1g9 9M20 QM21 gM1g9 9M20 QM21 9M21 RESULTS 1
Slide 12: Consolidated view
Consolidated view
Slide 13: Consolidated Operational Performance
Consolidated Operational Performance Turnover Underlying EBITDA Net results (group share) €M €M €M 5,014 4522 ie 394 393 “15 158 88 “4 QMI9R = SM20R— M21 QMI9R = 9M20R SM QM1I9.—SM20R M21 R- Restated figures as Maxmat from Sonae MC and Bizdirect fram Sonae IM wereconsidered as assets held for sale a
Slide 14: Free Cash Flow
Free Cash Flow FCF bridges L12M, €M 555 — — 405 a -281 649 120 —— | 28 -200 EBITDA = Workingcap. Operational Operational Netfinancial M&A capex Sale ofassets Dividends FCF before (inc.rents and others capex cash flow activity received dividends paid and taxes) * Excludes cash settle equity swap impa
Slide 15: Group Leverage
Group Leverage Net Debt Holding LTV €M 375 9M20 var 9M21 9M21 RESULTS % 15
Slide 16: 16
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Slide 17: Contacts
7 Fa a at Ed fo} I CONTACTS Patricia Vieira Pinto Head of Investor Relations Pavpinto@sonae.pt Tel: + 351220104794 PROPERTY Sonae Lugar do Espido Via Norte 4471-909 Maia, Portugal Tel: + 35122 9487522 www.sonae.pt November, 2021