Casino, Guichard-perrachon Sa · EURONEXT:CO

Casino, Guichard-perrachon Sa — FY 2025 Earnings Presentation

46 slides from Casino, Guichard-perrachon Sa's earnings presentation, Mar 30, 2026

  1. Slide 1: 2025 Unaudited Financial Data Estimates

    2025 UNAUDITED FINANCIAL DATA ESTIMATES Not yet approved by the Board of Directors March 30th, 2026 2025 Financial data estimates (unaudited) – 30 March 2026 1

  2. Slide 2: Introduction

    1 INTRODUCTION Philippe Palazzi Chief Executive Officer 2025 Financial data estimates (unaudited) – 30 March 2026 2

  3. Slide 3: Update and expansion of Renouveau 2028 to 2030

    Update and expansion of RENOUVEAU 2028 to 2030 GROW RECOVER RESTORE 2030 IMPLEMENTATION 2024 2025 2026 2027 2028 2029 2030 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Launch of balance sheet structure adaptation & strengthening 2025 Financial data estimates (unau

  4. Slide 4: FY 2025 in line with business plan

    FY 2025 in line with business plan 2025 NET SALES 2025 VAT EXCLUDED ADJUSTED EBITDA €8.3bn €655m +0.5% LFL vs 2024 +13.7% vs 2024 2025 ADJUSTED EBITDA 2025 FREE CASH-FLOW AFTER LEASE PAYMENTS BEFORE FINANCIAL EXPENSES €198m -€120m +86M€ vs 2024 +€519m vs 2024 2025 Financial data estimates (unaudited

  5. Slide 5: Differentiate Brands as possible, Centralise Resources as necessary

    Differentiate Brands as possible, Centralise Resources as necessary

  6. Slide 6: Vision, mission, direction remain unchanged

    : vision, mission, direction remain unchanged Cultivating brand personalities & positionings Tailoring brand offerings Becoming preferred partner for innovation Improving customer experience Resuming mastered expansion Accelerating franchisees success Streamlining store network Contributing to suppl

  7. Slide 7: Focus on execution

    focus on execution ✓ Brands & store concepts investments ✓ Franchise development ✓ Store portfolio streamlining ✓ COGS improvement ✓ Costs reduction ✓ Cash control 2025 Financial data estimates (unaudited) – 30 March 2026 7

  8. Slide 8: 2025 achievements per brand

    2025 achievements per brand 2025 Financial data estimates (unaudited) – 30 March 2026 8

  9. Slide 9: Monoprix

    MONOPRIX

  10. Slide 10: Monoprix: Seeding

    FY Net Sales FY Adj. EBITDA 2025 €4.05bn €424m Seeding +0.6% LFL +10.9% Quick Meal Solutions > 13 rolled-out > Snacking assortment launch (c. 250 Skus) Food > Fresh market focus: 25 Fresh counters premiumization | 14 stores with new F&V concept > Assortment curation: selection, differentiation and e

  11. Slide 11: le dimanche

    le dimanche a partir de 9h franprix ©

  12. Slide 12: Franprix: Unlocking potential

    FY Net Sales FY Adj. EBITDA 2025 €1.50bn €136m Unlocking potential -0.4% LFL +19.9% Oxygène concepts > 89 stores rolled-out into the Oxygène concept (107 stores in total) Quick Meal Solutions > Snacking space re-allocation > Snacking assortment & menus launch: breakfast 1,90€, pizza 5,50€ (incl. dri

  13. Slide 13: Casino proximity brands

    EAN MON EPICERIE DEPUIS 1898

  14. Slide 14: Seeding

    FY Net Sales FY Adj. EBITDA 2025 €1.28bn €29m Seeding +0.6% LFL -36.7% Store concepts > 5 stores rolled-out into the new concept > New identity launched in Q4 2025. Quick Meals Solutions > 53 corners rolled-out (62 stores in total) > Snacking assortment launch B2C commercial activities > Loyalty pro

  15. Slide 15: Naturalia

    NATURALIA

  16. Slide 16: Naturalia: Accelerating growth

    FY Net Sales FY Adj. EBITDA 2025 €310m €22m Accelerating growth +8.3% LFL +57.4% Concepts > 25 stores rolled-out in 2025 into La Ferme concept (36 stores in total) > Corner rolled-out in 20 Spar Quick Meal solutions > 35 stores with the new organic snacking concept in 2025 Healthcare > 47 stores rol

  17. Slide 17: AIS

    AIS

  18. Slide 18: Customer acquisition

    FY GMV FY Net Sales FY Adj. EBITDA 2025 €2.75bn ic. VAT €1.03bn €67m Customer acquisition +3.5% -0.7% LFL -5.3% Commerce > Sustained 3P momentum GMV: +7.7% in 2025 (+8.1% in Q4) driven by Telephony, small appliances and sport categories > Marketplace representing 67.3% GMV (+1.9pt vs 2024) Clients >

  19. Slide 19: 2025 achievements: Group initiatives

    2025 achievements Group initiatives 2025 Financial data estimates (unaudited) – 30 March 2026 19

  20. Slide 20: Store network streamlining and franchise management

    Store network streamlining and franchise management Stores network streamlining Strengthening franchisee relationships 1,178 207 7,447 •1 Annual Franchise events per Brand Convention Spar Franprix 6,484 •2 Monthly newsletters for franchisees Salon de la Naturalia proximité 2024 * 2025 -20 +26 3• NPS

  21. Slide 21: Boosting efficiency & synergies

    Boosting efficiency & synergies Efficiency improvement, costs reduction, CapEx monitoring Margin improvement • 7 Group shared service centers launched in H1 2025 • European purchasing alliance since August 2025 IT, Accounting, Payroll, Legal social, HR, Communications and CSR > International purchas

  22. Slide 22: Financial data estimates

    2 FINANCIAL DATA ESTIMATES Angélique Cristofari Chief Financial Officer 2025 Financial data estimates (unaudited) – 30 March 2026 22

  23. Slide 23: 2025 Key financial data estimates

    2025 Key financial data estimates 2024 2025 Change In €m Net sales 8,474 8,260 +0.5% (LFL), -2.5% (total change) Adjusted EBITDA 576 655 +13.7% EBITDA after lease payments 111 198 +77.3% Trading profit (49) 64 +€113m Net profit (loss), Group share (295) (402) -36.4% (consolidated) Free cash flow (63

  24. Slide 24: FMCG Market Evolution

    FMCG* Market Evolution FMCG market evolution – 2025 Net sales Inflation Volume Mix Effect +1.9% +0.6% +0.9% +0.4% = + + -0.5% in 2024 +0.5% in 2024 -0.9% in 2024 -0.1% in 2024 Change in net sales and volume by retail channel – 2025 HYPERMARKETS SUPERMARKETS DISCOUNT CONVENIENCE E-COMMERCE Net sales

  25. Slide 25: 2025 Net sales

    2025 Net sales Net sales NET SALES Convenience breakdown VAT EXCLUDED +0.6% -0.4% brands LFL LFL 4% 1% 12% €7.1bn €8.3bn +0.7% LFL +0.6% +8.3% 16% 49% LFL LFL +0.5% LFL 18% 2025 Q4 acceleration Monoprix Franprix Net Sales -0.7% LFL +3.7% Casino Cdiscount Naturalia Other GMV +3.5% +6% 2025 Financial

  26. Slide 26: Monoprix FY 2025

    FY 2025 Net Sales EBITDA €4.05bn €424m €157m €383m in 2024 €118m in 2024 +0.6% LFL Adjusted After lease payments • +0.6% LFL in 2025 (Q4: -0.5% LFL) • Non-food (+2.1% LFL) driven by Fashion & Home (+4.5% LFL) which is outperforming the market Net sales • Food (flat LFL): good performance mainly supp

  27. Slide 27: Franprix FY 2025

    FY 2025 Net Sales EBITDA €1.50bn €136m €53m €113m in 2024 €29m in 2024 -0.4% LFL Adjusted After lease payments • -0.4% LFL in 2025 (Q4: -1.4% LFL) • Positive impact: ✓ Good performance of stores converted to the ‘Oxygène’ concept Net sales • Negative impact: price cuts rolled out since September 202

  28. Slide 28: Casino proximity FY 2025

    FY 2025 Net Sales EBITDA €1.28bn €29m €(16)m €47m in 2024 €4m in 2024 +0.6% LFL Adjusted After lease payments • +0.6% LFL in 2025 (Q4: +0.3% LFL) • Strong momentum for seasonal stores (Spar and Sherpa) Net sales • Efficiency of the supply chain with an improvement of service rate* at 94.9% (+2.5 pts

  29. Slide 29: Naturalia FY 2025

    FY 2025 Net Sales EBITDA €310m €22m €6m €14m in 2024 €(3)m in 2024 +8.3% LFL Adjusted After lease payments • +8.3% LFL in 2025 (Q4: +8.4% LFL) • Success of ‘La Ferme’ concept and Quick Meal Solutions offer (organic snacking concept) Net sales • Efficiency measures: product range and assortments • Do

  30. Slide 30: Cdiscount FY 2025

    FY 2025 Net Sales EBITDA €1.03bn €67m €44m €71m in 2024 €38m in 2024 -0.7% LFL Adjusted After lease payments • -0.7% LFL in 2025 (Q4: +3.7%) • Product GMV: +3.5% with acceleration during the year (Q4: +6.2%) ✓ Marketplace GMV (67.3% of Product GMV): +7.7% (Q4: +8.1%) Net sales ✓ Direct sales GMV: -1

  31. Slide 31: 2025 Consolidated Net Loss

    2025 Consolidated Net Loss Net financial Taxation Net loss from continuing Trading profit OOE expense -€21m operations, Group share +€64m -€258m -€369m -€571m • Net loss from continuing operations, Group share: -€571m + ‐ Net other operating expense (OOE) of -€258m (vs. -€772m in 2024), mainly inclu

  32. Slide 32: 2025 Free Cash Flow before financial expenses

    2025 Free Cash Flow before financial expenses Significant improvement of operating cash-flow In €m 2024 2025 Adjusted EBITDA 576 655 (-) lease payments (465) (457) Mainly due to strong improvement of Adjusted EBITDA after lease payments 111 198 adjusted EBITDA after lease payments (+€86m): o/w other

  33. Slide 33: 2025 Net Debt

    2025 Net Debt €(290)m change in net debt in 2025 mainly due to financial expenses In €m 2024 2025 Free cash flow before financial expenses (639) (120) Of which -€118m interests paid Financial expenses (198) (182) for the reinstated Term Loan and -€25m related to CB4X** Dividends (1) (1) Share capita

  34. Slide 34: Significant maturities in 2027; discussions with creditors initiated

    Faced with significant maturities in 2027, the group has initiated discussions with its creditors Debt maturity schedule (€m, nominal value as of Dec-25 excluding interest) Cost of main debt instruments Term Loan B ▪ 9% cash interest RCF ▪ E+1.5% cash interests until réinstallé Mar-26, then E+2.0% I

  35. Slide 35: Liquidity position as of 31 December 2025

    Liquidity position as of 31 December 2025 In €m Drawn credit lines ** (as of December 2025) 711 Liquidity position €1.0bn • €990m of available cash* held in the Casino Finance cash pool 149 • €11m of undrawn overdrafts 95 60 36 20 Monoprix's Overdrafts Monoprix State-guaranteed Monoprix LCL line rei

  36. Slide 36: Financial covenants

    Financial covenants Minimum liquidity Projected liquidity Net leverage ratio • On the last day of each • At the end of each quarter, • At the end of each quarter, month, liquidity must be at cash forecasts must show the covenant net debt to pro least €100m. liquidity of at least €100m at forma EBITD

  37. Slide 37: Status update on adapting and strengthening the financial structure

    Status update on the project to adapt and strengthen the financial structure 1 On 24 November 2025, the Company presented its “Renouveau 2030” strategic plan, its Business Plan, and the objectives aimed at adapting and strengthening its financial structure to support these initiatives. On that occas

  38. Slide 38: Conclusion

    3 CONCLUSION Philippe Palazzi Chief Executive Officer 2025 Financial data estimates (unaudited) – 30 March 2026 38

  39. Slide 39: Market Outlook

    MARKET OUTLOOK MARKET TRENDS RETAIL INSIGHTS CONSUMPTION TRENDS • Fast growing convenience market and out • Structural shift in consumer habits • Consumption uncertainties mainly of home consumption creating traffic from Hyper/supermarkets towards due to opportunities convenience retail • Low consum

  40. Slide 40: Next step: in full swing execution

    Next step: in full Swing execution GROW SUSTAIN RECOVER RESTORE expansion Definition Update & 2028 2030 2024 2025 2026 2027 2028 2029 2030 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Launch of balance sheet structure adaptation & strengthening 2030 2025 Financial

  41. Slide 41: Q&A Session

    4 Q&A SESSION 2025 Financial data estimates (unaudited) – 30 March 2026 41

  42. Slide 42: Appendices

    5 APPENDICES 2025 Financial data estimates (unaudited) – 30 March 2026 42

  43. Slide 43: Store network as at 31 December 2025

    Store network as at 31 december 2025 Dec. 2024 Mar. 2025 June 2025 Sept. 2025 Dec. 2025 Monoprix 625 620 617 622 624 o/w integrated stores France 322 321 318 312 283 o/w franchises/BL 303 299 299 310 341 Franprix 1,054 1,044 1,031 1,012 999 o/w integrated stores France 306 302 299 298 296 o/w franch

  44. Slide 44: Net Debt Structure as of 31 December 2025

    Net Debt Structure as of 31 December 2025 Dec. June Dec. 2025 Dec. 2025 Dec. 2025 In €m 2024 2025 Total Non-current Current Gross borrowings and debt (2,040) (1,980) (2,800) (30) (2,770) Reinstated Monoprix RCF - (70) (711) - (711) Reinstated Term Loan (1,380) (1,390) (1,404)1 - (1,404) HY Quatrim N

  45. Slide 45: Other operating income and expenses

    Other operating income and expenses 2024 2025 In €m Gains and losses on the disposal of assets, scope changes and impairment (603) (178) losses Gains (losses) on disposal of non-current assets 42 87 Net income (expenses) related to changes in scope of consolidation (43) 9 Net asset impairment losses

  46. Slide 46: Disclaimer

    DISCLAIMER This presentation contains forward-looking information and statements about Casino. Forward-looking statements are statements that are not historical facts. These statements include financial forecasts and estimates and their underlying assumptions, statements regarding plans, objectives,

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