Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Koninklijke Ahold — Q3 2015 Earnings Presentation
16 slides from Koninklijke Ahold Delhaize's earnings presentation, Nov 11, 2015
Slide 1: Third quarter 2015 results
Third quarter 2015 results November 11, 2015
Slide 2: Group highlights Q3 2015
Group highlights Q3 2015 • Strong sales performance, with Group sales up 13.0% (up 1.7% at constant exchange rates) • Sales excluding gas up 3.3% at constant exchange rates • Underlying operating income increased to €319 million; underlying operating margin at 3.8% • Strong free cash flow of €230 mi
Slide 3: Group performance
Group performance (in millions of euros) Quarter 3 2015 2014 Change Change* Net sales 8,440 7,472 13.0% 1.7% • Net sales excl. gas up 3.3%*, with an improved sales trend in the majority of our markets Net sales growth excluding gas 3.3% • Margins maintained at 3.8% due to strong Simplicity results U
Slide 4: Performance by segment
Performance by segment (in millions of euros) Quarter 3 Ahold USA The Netherlands Czech Republic 2015 Change* 2015 Change 2015 Change* • Net sales in the U.S. excl. gas up Net sales 5,248 (1.4%) 2,796 7.4% 396 5.5% 0.8%, positive underlying identical sales growth of 1.8% adjusted for Net sales excl
Slide 5: Operating cash flow generation
Operating cash flow generation (in millions of euros) Quarter 3 2015 2014 Change • Positive change in working capital Operating cash flow* 529 454 75 partly offset by a higher income tax charge Change in working capital (31) (158) 127 • YTD free cash flow of €783 million, up €341 million versus YTD
Slide 6: Business highlights: Ahold USA
Business highlights: Ahold USA Focused investments in quality, New grocery shopping 25 A&P stores converted to service and price experience opened: bfresh™ Stop & Shop in NYM area • Super KVIs rollout to be completed in • Two stores launched at approx. • Conversion of all 25 stores to be 2016 10,000
Slide 7: Business highlights: the Netherlands
Business highlights: the Netherlands Innovation continues at Albert Continued focus on Fresh Rebrand of and Heijn • Acceleration of new products; 1,000 • Improved fresh deli assortment with • Etos and Gall & Gall brands skus introduced since the beginning an expanded assortment, better refreshed, re
Slide 8: Business highlights: Czech Republic
Business highlights: Czech Republic Focus on improving the performance of our Supermarkets drive growth in third quarter larger stores • Favorite store concept successfully rolled out to all 240 • After successful trial in six compact hypers, Favorite store supermarkets concept rolled out to 35 larg
Slide 9: Business highlights: Online
Business highlights: Online Continuing strong growth at Expanding the assortment and Accelerating momentum at bol.com customer base at ah.nl Peapod • Consumer sales up more than 30% • Net sales up nearly 30% • Back to double-digit sales growth • 79 million visits in Q3, up 26% • High customer growth
Slide 10: Ahold Delhaize proposed merger remains on track
Ahold Delhaize proposed merger remains on track Integration planning progressing well Strong focus on key milestones • Closing still anticipated in mid-2016 • Ahold F-4 (U.S. SEC) • Different workstreams in place to manage key topics, • European prospectus (AFM) including: synergies, strategy and op
Slide 11: Legal notices
Legal notices No offer or solicitation This communication is being made in connection with the proposed business combination transaction between Koninklijke Ahold N.V. also known as Royal Ahold (“Ahold”) and Delhaize Group NV/SA (“Delhaize”). This communication is not intended to and does not consti
Slide 12: Legal notices
Legal notices Important additional information will be filed with the SEC In connection with the proposed transaction, Ahold will file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 that will include a prospectus. The prospectus will be mailed to th
Slide 13: Legal notices
Legal notices Forward-looking statements This communication contains 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 results,
Slide 14: Legal notices
Legal notices be integrated successfully or promptly or that the combined company will not realize the expected benefits from the transaction; Ahold’s or Delhaize’s ability to successfully implement and complete its plans and strategies and to meet its targets; risks related to disruption of managem
Slide 15: Legal notices
Legal notices increases or changes in competition, Ahold’s ability to implement and successfully complete its plans and strategies, the benefits from and resources generated by Ahold’s plans and strategies being less than or different from those anticipated, changes in Ahold’s liquidity needs, the a
Slide 16: Thank you
(Ahold Thank you EE ——— «=«—C ._