Fnac Darty Sa · EURONEXT:FNAC
Fnac Darty Sa — Fnac Darty Sa Ord — H1 2025 Earnings Presentation
20 slides from Fnac Darty Sa's earnings presentation, Jul 23, 2025
Slide 1: Fnac Darty
FNAC DARTY
Slide 2: H1 2025 Results, July 23, 2025
H1 2025 RESULTS JULY 23. 2025 FNAC DARTY
Slide 3: Enrique Martinez, CEO; Jean-Brieuc Le Tinier, CFO
Enrique Martinez. Chief Executive Officer Jean-Brieuc Le Tinier. Chief Financial Officer 3
Slide 4: Enrique Martinez, Chief Executive Officer
Enrique Martinez Chief Executive Officer 4
Slide 5: H1 2025 Revenue increase
H1 2025 Revenue Gross Margin EBITDA increase ROC up slightly up Like-for-like1 +60 bps Rents and dep. & amortization up yoy (o/w +2.1% in Q2) 1 Like-for-like: excludes exchange rate fluctuations. change in scope and opening and closing of directly owned stores. includes Unieuro and Ticketing deconso
Slide 6: Key Sales
KEY SALES Already c. 50.000 units sold in France New game releases in the x3 coming months in H2 Q2 2025 H1 2025 In Q2 2025 +2.1% +0.7% LFL1 LFL1 Beauty tech, Floorcare, Toys & games, Small kitchen appliances Stationery Double-digit growth in H1 2025 1 Like-for-like: excludes exchange rate fluctuati
Slide 7: H1 2025 Online Sales
H1 2025 Traffic Reverse Marketplace Online Sales Click&Collect (as a % of sales) Average Cash Desk Visit Like-for-like1 Fulfillment Marketplace (GMV) 1 Like-for-like: excludes exchange rate fluctuations. change in scope and opening and closing of directly owned stores. includes Unieuro and Ticketing
Slide 8: Our Journey to 2030
OUR JOURNEY TO 2030 Lead European circular Set the European benchmark for social Scale services for third parties & service-based retail and human centric omnichannel and partners throughout Europe retail experience Of GMV with loyal members Omnichannel. Circularity. Culture operations Subscribers S
Slide 9: Unieuro: 2 omnichannel hubs serving Italy
UNIEURO serving 9 regions in central and southern Italy Piacenza 50,000 sqm NOW 2 omnichannel hubs Colleferro ▪ Piacenza for Northern Italy and Colleferro for Central-Southern Italy ▪ In addition to the Sicilian regional Carini hub in Carini (Palermo) and the 33 centers for home delivery of large ho
Slide 10: Jean-Brieuc Le Tinier, Chief Financial Officer
Jean-Brieuc Le Tinier Chief Financial Officer 10
Slide 11: H1 2025 Solid growth driven by Q2 performance
H1 2025 Solid growth driven by Q2 performance in €m +1,120 online sales o/w 3,390 4,480 C&C Services double-digit growth Diversification strong performance with Toys & Games, Stationery, Bedding up double-digit Domestic Appliances driven by SDA performance and LDA posting growth in Q2 Editorial Prod
Slide 12: Solid Sales Performance
SOLID SALES PERFORMANCE As a % of % total reported % LFL1 In €m H1 2025 Group Change Change revenue France: stable. Outperformance vs. the market France 2,650.5 59% -0.9% +0.5% Rest of Europe: slight increase with contrasted evolutions Rest of 1,829.3 41% +155.5% +0.9% Europe Italy: stable sales gro
Slide 13: Gross margin increasing +60 bps supported by expansion of service activities
H1 2025 Gross margin increasing +60 bps1 supported by the expansion of service activities As a % of sales +70 bps (220) bps (50) bps (10) bps 31.0% 28.3% 28.9% 1 Comparable includes Unieuro integration and Ticketing deconsolidation. 13
Slide 14: H1 2025 income statement
H1 2025 Var. €m H1 2024 H1 2024 H1 2025 vs. H1 24 reported comparable1 comp Gross margin 1,050 1,271 1,295 +24 OPEX (1,086) (1,084) (1,351) despite services development and inflation on rents not compensated by PDP EBITDA2 146 187 189 +2 increase thanks to tight cost control D&A (182) (236) (245) Cu
Slide 15: H1 2025 free cash flow
H1 2025 €m H1 2024 H1 2025 comparable1 EBITDA 187 189 slightly growing: +1% IFRS 16 impact (162) (184) Non-current cash items and EBITDA (21) (5) non-cash items Cash-flow before tax. dividends 4 0 and interest. excluding IFRS 16 Change in WCR (747) (776) linked to unfavorable seasonality Operating i
Slide 16: Long-dated debt maturities
LONG-DATED in €m after successful €300m emission of a 2032 senior 550 notes (4.75%). More than 77% of outstanding 46 300 convertible bond bought back representing 17 17 17 17 €147m 2025 2026 2027 2028 2029 2032 BEI loan Convertible bond² 2029 & 2032 Senior Notes maturing March 2030 with options to e
Slide 17: Current operating margin outlook 2025
2025 Current 2.3% 2.0% operating 2.0% 1.8% margin1 2025E This outlook updates the one communicated during 2024 full-year results, which only concerned the Fnac Darty scope. 1 Including Unieuro and excluding ticketing activities. 17
Slide 18: Fnac Darty
FNAC DARTY
Slide 19: Disclaimer
DISCLAIMER IMPORTANT NOTICE: By reading this presentation. you agree to be bound by the following limitations and qualifications: certain information included in this release is not based on historical facts but on forward-looking statements. Such forward-looking statements speak only as of the date
Slide 20: Fnac Darty
FNAC DARTY