Jumbo S.a. · ATHEX:BELA
Jumbo — Investor Presentation (October 2018)
11 slides from Jumbo's investor presentation, October 2018
Slide 1: Corporate Presentation
Corporate Presentation October 2018 1
Slide 2: Company Overview
Company Overview • Hypermarket without food, fashion and electronics • 40,000 products with an average selling price of EUR 4.99 • Toys, baby and stationary products (core activity) represent 1/3 of sales • Market leader in Greece on the core activity • The largest modern warehouses in Balkans (390.
Slide 3: Store network
Store network • 75 stores in 4 countries (30.06.2018) • Average store area 9,000sqm • On-line operation (www.e-jumbo.gr) with dedicated distribution center of approximately 30.000 sqm • Franchise agreements to non EU countries – 18 stores in 5 countries vs 11 stores in 2017 3
Slide 4: Cost elements
Cost elements • 80% of the product is dollar denominated • Transportation: from 20% to 35% of the cost of the product • Each store operates as a cost center • Favourable lease agreements • Wages - 48% of operating cost • Advertising - 2% of sales 4
Slide 5: FY 2017/2018 Results
FY 2017/2018 Results • Group Sales increased by 10,55% • Group’s EBITDA reached EUR 221million increased by +13,55% • Net earnings increased by 15,34% for the Group • Proposition for dividend distribution for the fiscal year 2017/2018 more than 1/3 of the Group’s profit 5
Slide 6: Financial Results
Financial Results Group Sales EBITDA 800 753 250 aa 221 700 638 195 600 583 200 = 147 8 500 150 400 300 100 200 50 100 0 0 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Pre- tax earnings Cash Generation 250 250 198 200 173 ” 165 150 150 130 437 a —— 100 at eo ——— 50 ° 2014 2015 2016 2017 2018 0
Slide 7: Store roll out
Store roll out • Since 2013 the Group has invested in 17 new hyper- stores • Network of at least 20 stores in Romania in the next 4-years; 11 in operation, currently • Opening of two new stores in Greece in the next three years • Opening of one new store in Cyprus in the next two years • Opening of
Slide 8: Latest Developments
Latest Developments • During the first quarter of the FY 2018/2019 Group’s sales increased approximately by 6% • Romania: o In September opened the 11th store o 2 new hyper stores will be added until the end of the current financial year • Greece: one new hyper store in the FY 2018/2019 • The refina
Slide 9: Financials - snapshot
Financials - snapshot Jum bo (€ m ) Sum m ary P&L Account 2014 2015 2016 2017 2018 Turnover 542 7,9% 583 7,5% 638 9,4% 681 6,9% 753 10,5% COGS (254) (273) (300) (326) (358) Gross Profit 288 9,5% 310 7,6% 338 9,1% 355 5,2% 395 11,2% Gross Margin 53,1% 53,2% 53,0% 52,2% 52,5% Other operating income (2
Slide 10: Financials - snapshot
Financials - snapshot Balance Sheet (€m ) 2014 2015 2016 2017 2018 Cash and cash equivalents 287,6 298,9 394,7 366,0 436,9 Trade receivables 30,7 15,5 32,6 34,6 32,7 Inventories 186,2 197,8 196,8 239,2 247,8 Other Receivables 25,8 33,3 44,5 70,2 72,5 Other current assets 5,5 5,8 2,2 3,2 2,0 Trading
Slide 11: Financials - snapshot
Financials - snapshot Cash Flow (€m ) 2014 2015 2016 2017 2018 Cash generated 121,4 120,7 134,9 145,5 169,6 Change in blocked bank deposits 13,3 7,1 - - - Changes in current assets and current liabilities (12,6) 1,1 (23,1) (41,6) (5,1) Net cash from operations 122,1 128,9 111,7 103,9 164,5 Net cash