Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q2 2021 Earnings Presentation
18 slides from Koninklijke Ahold Delhaize's earnings presentation, Aug 11, 2021
Slide 1: Q2 2021 Ahold Delhaize Results
Q2 2021 Ahold Delhaize Results August 11, 2021
Slide 2: Cautionary notice
Cautionary notice This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as expect(ed), to open, 2022, end of 2021, as planned, to date, will, continue(s), expand, remain, on track
Slide 3: Business Highlights
Business Highlights Frans Muller, President & CEO
Slide 4: Strong Q2 results and higher two-year comparable sales stack; raising full year guidance
Strong Q2 results and higher two-year comparable sales stack1; raising full year earnings and underlying operating margin guidance On a two-year comparable sales stack basis1, comparable sales excluding gas in the U.S. increased 19.1% and in Europe were up 12.6% in Q2 2021, a sequential acceleration
Slide 5: Strengthening position as industry-leading local omnichannel retailer in 2021
Strengthening position as industry-leading local omnichannel retailer in 2021 Group net consumer online sales growth expected at 40%+ in 2021 Step-up online capacity, supply chain and technological Advance omnichannel Improving omnichannel capabilities offerings productivity is a high priority • Two
Slide 6: Highlights: United States
Highlights: United States 61% online sales growth in Q2 (constant rates); Excluding the FreshDirect acquisition, U.S. online sales grew 29% in Q2 2021 (constant rates), building on top of the significant 126.8% growth in the year ago period 1,225 click & collect points at the end of Q2 (up from 1,13
Slide 7: Highlights: Europe
Highlights: Europe Market share gains across the Benelux brands in Q2 and maintained market share in CSE 27.0% net consumer online sales growth in Q2, on top of 63.9% growth in the year ago 1 period Bol.com grew net consumer online sales by 24.2% in Q2; on top of 65.4% growth in the year ago period.
Slide 8: ESG Action Items
Mega Image, first food retailer in Romania to introduce ESG Action Items NutriScore nutritional navigation system across its own brand products; following successful implementation in other European Recent Initiatives markets. In the U.S., 52.4% of our Q2 2021 sales are healthy, earning the Guiding
Slide 9: Financial Highlights
Financial Highlights Natalie Knight, Chief Financial Officer
Slide 10: Q2 Underlying Performance
Q2 Underlying Performance Comparable Sales Net Consumer Net sales Growth excl. gas Online Sales € 18,645 0.0% € 2,447 million million U.S. (1.5)% vs LY constant rates 3.0% E.U. 2.4% vs LY constant rates 35.8% Underlying operating Underlying Underlying Income from Diluted Underlying income operating
Slide 11: Q2 IFRS-reported results
Q2 IFRS-reported results Comparable Sales Net sales Online Sales Growth excl. gas € 18,645 0.0% € 1,812 million million U.S. (1.5)% vs LY constant rates 3.0% E.U. 2.4% vs LY constant rates 39.2% Operating Income from Diluted Operating margin income continuing operations EPS € 817 4.4% € 540 € 0.52 m
Slide 12: Strong two-year comparable sales stack trend continued in Q2 in both regions
Strong two-year comparable sales stack1 trend continued in Q2 in both regions, in particular the U.S. Value above the bar is 2-year comparable sales ex-gas stack; within the bar is the 1-year comparable sales ex-gas for each quarter U.S. Europe 19.1% 20.0% (1.5)% 20.0% 18.1% 15.8% 15.5% 15.0% 1.7% 1
Slide 13: Adjusted two-year comparable sales stack accelerated in the U.S.
Adjusted for the effects of weather, calendar, and lapping of the Stop & Shop strike, Q2 2021 two-year comparable sales stack1 accelerated in the U.S.; trend in Europe also remained strong Value above the bar is 2-year comparable sales ex-gas stack; within the bar is the 1-year comparable sales ex-g
Slide 14: High sales and margin levels despite tough prior year comparison
High sales and margin levels despite tough prior year comparison Ahold Delhaize Group The United States Europe € million, Q2 % change Q2 % change Q2 % change constant constant constant except per share data 2021 rates 2021 rates 2021 rates U.S. and Europe comp sales were Net sales 18,645 3.0 % 11,11
Slide 15: Q2 Free Cash Flow remained strong in the quarter
Q2 Free Cash Flow remained strong in the quarter FCF Q2 2021 vs Last Year (in €m) Unfavorably impacted by lapping high sales levels and profits at the end of Q2 2020 due to COVID-19 533 159 21 10 428 69 48 2 41 FCF Q2 2020 Operating Cash Flow Changes in Income Tax Paid Net Investment Net Interest Ne
Slide 16: 2021 Underlying margin and EPS outlook raised due to strong Q2 performance
2021 Underlying margin and EPS outlook raised due to strong Q2 performance COVID-19 continues to create significant uncertainty in 2021 and created difficult prior year comparisons. The strong Q2 results provide management the confidence to raise the underlying operating margin and EPS outlook for t
Slide 17: Wrap-up
Wrap-up Strong sales momentum continued in Q2 with sequential acceleration in two-year Q2 comparable sales stack vs. 2020 High growth in net consumer online sales of ~36% in Q2, on top of ~88% growth in the year ago period; driven by 61% in the U.S. and ~27% in Europe Solid underlying operating marg
Slide 18: Thank you
2S Ahold Delhaize Thank you FOOD#ALION $sToPssHoP. Bie, ¥Giant Gon (BH) Geos olleGall ase bolcom” EEE «4 tempo | EJewminme © TENA‘ sfeshdltect Ha) Peapsd Bessa ddo wink van one ellor-aal ‘Services rmcconponnst & Ahold Delhaize
Koninklijke Ahold Delhaize — Q2 2021 Earnings Presentation on 6ix