Cnova NV

Cnova NV — FY2016 Earnings Presentation

16 slides from Cnova NV's earnings presentation, Feb 23, 2017

  1. Slide 1: Cnova 2016 Financial Results

    Cnova 2016 Financial Results February 23, 2017

  2. Slide 2: Disclaimer

    Disclaimer Forward-Looking Statements This presentation contains forward-looking statements. Such forward-looking statements may generally be identified by words like “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “proje

  3. Slide 3: Reporting changes in 2016

    Reporting changes in 2016 Reporting structure Reporting structure December 31, 2015 December 31, 2016 Cnova N.V. Cnova N.V. Sold & closed activities Cdiscount Cnova Specialty Cdiscount Cnova Specialty Holding Int’l sites Holding Int’l sites France Brazil sites France Brazil sites  Cnova N.V.’s GMV

  4. Slide 4: Agenda: 2016 Highlights

    Agenda 2016 Highlights 2016 Financial Results Strategy 4

  5. Slide 5: Key indicators

    2016 Financial Results Key indicators  Growth of 13.6% like-for-like (“l-f-l”) vs. 2015 GMV* € 3.0  Positive impact from strong growth in: billion  Orders, mobile traffic, marketplace  Increase of 332 bp vs. 2015 Marketplace share of GMV 31.4%  Positive impact from:  fulfillment services, tigh

  6. Slide 6: GMV

    FY16 Financial Results GMV GMV Breakdown (€ million, % of total GMV) Other products a) Computers and electronics Home and appliances +13.6% 2,994 2,709 8% Others b) 7% 26% 30% Marketplace c) 12% 12% 25% 23% Direct sales 29% 28% FY15 FY16  Total GMV grew 13.6% in FY16 on a like-for-like basis – Comm

  7. Slide 7: KPIs

    FY16 Financial Results KPIs Marketplace evolution Traffic Items sold y-o-y growth (million visits) (million) 9.5 9.2 Number of 8.8 8.3 sellers 7.3 (thousand) +20% +22.1%* 49.4 +10.8% 841.8 Product 20 759.8 41.5 18 19 offerings 16 14 (million) +48% 33.4% 31.4% FY15 FY16 31.9% Share of 29.3% GMV 27.8%

  8. Slide 8: Agenda: 2016 Financial Results

    Agenda 2016 Highlights 2016 Financial Results Strategy 8

  9. Slide 9: Key Figures

    2016 Financial Results Key Figures Cnova N.V. Key Figures1 2016 2015 € million GMV2 2,994 2,709 Net sales 1,856 1,737 Gross profit 255 229 Gross margin3 13.8% 13.2% SG&A4 (258) (252) Operating EBIT5 (3) (23) Cdiscount 5 (4) Net profit/(loss) (Continuing operations) (69) (88) Adjusted EPS6 (Continuin

  10. Slide 10: Net sales and Gross margin

    2016 Financial Results Net sales and Gross margin Net sales Gross margin (€ million, y-o-y growth) (% of net sales, € million, y-o-y growth) +6.8% +55 bp 1,856 13.8% 1,737 13.2% Gross profit growth 229 255 +11.3% 2015 2016 2015 2016  Net sales up +10.7% LFL  Improvement of +55 bp in gross margin:

  11. Slide 11: SG&A and EBIT

    2016 Financial Results SG&A and EBIT SG&A EBIT (% of net sales) (€ million, % of net sales) Fulfillment Tech and content Marketing G&A 2015 2016 14.5% (2.8) 13.9% -0.2% (22.9) 7.8% 6.8% -1.3% 1.4% 1.8% 2.7% 3.0% Cdiscount 2.6% 2.3% (€ million) (4.1) 4.6 2015 2016 -0.2% +0.2%  Lower SG&A: 13.9% (vs.

  12. Slide 12: Free cash flow

    2016 Financial Results Free cash flow 2016 Free cash flow (€ million, twelve months) 21.1 (44.0) 69.0 (22.9) (69.4) 21.6 Net result from Non-cash & Net cash from Change in Working continuing non-operating continuing CAPEX FCF Capital activities items * operating activities  Net cash from cont. acti

  13. Slide 13: Agenda: Strategy

    Agenda 2016 Highlights 2016 Financial Results Strategy 13

  14. Slide 14: Operational and service improvements

    Outlook & Strategy Operational and service improvements  Subscriber growth: +102%  Daily private offers to CDAV subscribers  Expansion of number of SKU’s available for express delivery  3 medias in one streaming service: video, music and books at a highly competitive price  Multi-device platfor

  15. Slide 15: Cdiscount 2017 Priorities

    Outlook & Strategy Cdiscount 2017 Priorities  Expand Cdiscount à Volonté offers & client base – Targeted growth for 2017 of high double digit – Expand new exclusive promotions to CDAV customers – Launch new and exclusive services  Expand product assortment – With a focus on the profitable home fur

  16. Slide 16: Thank you for your attention!

    Thank you for your attention!

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