Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Koninklijke Ahold — Q2 2015 Earnings Presentation
17 slides from Koninklijke Ahold Delhaize's earnings presentation, Aug 20, 2015
Slide 1: Second quarter 2015 results
Second quarter 2015 results August 20, 2015
Slide 2: Group highlights Q2 2015
Group highlights Q2 2015 • Sales of €8.7 billion, up 17.1% (up 3.1% at constant exchange rates) • Sales excluding gas up 4.8% at constant exchange rates • Underlying operating margin of 3.8%, down 0.1 percentage points • Strong free cash flow of €367 million, up €297 million • Sales in the Netherlan
Slide 3: Group performance
Group performance (in millions of euros) Quarter 2 2015 2014 Change Change* Net sales 8,688 7,420 17.1% 3.1% • Net sales excl. gas up 4.8%*, good overall performance and Net sales growth excluding gas 4.8% favorable timing of Easter • Underlying operating margin at Underlying operating income 331 28
Slide 4: Performance by segment
Performance by segment (in millions of euros) Quarter 2 Ahold USA The Netherlands Czech Republic 2015 Change* 2015 Change 2015 Change* • Net sales in the U.S. excl gas up Net sales 5,398 (0.3)% 2,890 6.8% 400 30.2% 2.1%, positive ID sales and a higher margin driven by Simplicity cost Net sales excl
Slide 5: Operating cash flow generation
Operating cash flow generation (in millions of euros) Quarter 2 2015 2014 Change Operating cash flow* 534 468 66 • Continued strong free cash flow, €297 million higher than Q2 2014 Change in working capital 59 (142) 201 • Positive change in working capital partly due to the timing of Easter Income t
Slide 6: Business highlights: Ahold USA
Business highlights: Ahold USA Acquisition of 25 A&P stores Customer-focused strategy Savory platform drives focus expands presence in key market delivers results on health • Stop & Shop NY Metro to acquire 25 • First wave of value investment rollout • New print and online platform A&P stores for $1
Slide 7: Business highlights: the Netherlands
Business highlights: the Netherlands Albert Heijn Fresh delivers Assortment development Albert Heijn introduces the better quality improves customer offering Allerhande meal box • Appealing to customers with new • Expansion and improvement of salad • Making customers’ lives easier fresh products and
Slide 8: Business highlights: bol.com
Business highlights: bol.com Significant growth in traffic, number of orders and average order value Continued investments support our growth • Consumer sales up more than 30%, with strong performance • Additional marketing investments further increase in electronics and home improvement & gardening
Slide 9: Business highlights: Czech Republic
Business highlights: Czech Republic Rollout of Favorite store concept Focus on improving performance of large stores following for supermarkets on track SPAR acquisition • Favorite stores show improved sales trends • Targeted store initiatives to improve performance of large former SPAR stores • Emp
Slide 10: Proposed Ahold Delhaize merger…
Proposed Ahold Delhaize merger… Stronger, better, more innovative Significant value creation Delivering attractive returns • Strong, trusted local brands in • Anticipated run-rate synergies of • Highly cash-generative businesses to neighboring geographies €500 million per year, to be fully continue
Slide 11: …an exciting future together
…an exciting future together • Balanced governance structure • Management team focused on delivering synergies • Creating a stronger, international food retailer and delivering value for all stakeholders, through: • a superior customer offering • attractive opportunities for our associates • better
Slide 12: 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 (“Delhaize”). This communication is not intended to and does not constitute a
Slide 13: 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 14: 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 15: 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 16: 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 17: Thank you
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