DIA — Q1 2014 Earnings Presentation
18 slides from DIA's earnings presentation, Sep 17, 2014
Slide 1: Results Q1 2014
RESULTS Q1 2014 / IR Team / Tel: +34 91 398 54 00 ext. 33890 investor.relations@diagroup.com DIA / Q1 2014 results
Slide 2: Disclaimer
DISCLAIMER This document does not constitute a purchase, sales or exchange offer, nor is it an invitation to draw up a purchase, sales or exchange offer, or advice on any stock issued by DIA. The information in this document contains expressions which imply estimates, projections or forecasts relati
Slide 3: Index
INDEX / HIGHLIGHTS / FINANCIAL REVIEW / Q&A DIA / Q1 2014 results Page 2
Slide 4: Highlights Q1 2014
/ Highlights Q1 2014 / Strong growth in Brazil, Argentina and China / Sales and profitability growth in Iberia despite adverse environment / Sustained effort on costs allows DIA to improve competitive position and margins / DIA France classified as “held for sale” DIA / Q1 2014 results Page 3
Slide 5: Key figures Q1 2014
/ Key figures Q1 2014 / 9.5% sales growth in local currency / 3.4% adjusted EBITDA growth to EUR109.3m (+8.7% ex-currency) / 5.7% adjusted EBIT growth to EUR64.6m (+10.4% ex-currency) / 9.7% underlying net profit growth to EUR40.1m (+10.8% ex-currency) Sales related to Gross Sales Under Banner DIA /
Slide 6: Index: Financial Review
INDEX / HIGHLIGHTS / FINANCIAL REVIEW / Q&A DIA / Q1 2014 results Page 5
Slide 7: Discontinuation of French operations
/ Discontinuation of French operations In accordance with IFRS 5, the business segment of France is presented as discontinued operations and its assets and liabilities as “held for sale”. / Net Income (loss) from this segment is presented net of taxes in a separate line of the income statement as “n
Slide 8: Adjusted EBIT up 5.7%
/ Adjusted EBIT up 5.7% % change Q1 % Ex- 2014 change currency (EURm) 2,135.5 -2.1% 9.5% 109.3 3.4% 8.7% 6.0% 33 bps 64.6 5.7% 10.4% 3.5% 27 bps DIA / Q1 2014 results Page 7
Slide 9: Underlying net profit up 9.7%
/ Underlying net profit up 9.7% % change Q1 % Ex- 2014 change currency (EURm) 64.6 5.7% 10.4% (6.7) -18.2% -16.0% 57.9 9.4% 14.5% (9.0) 145.7% 207.2% (14.0) -13.6% -12.6% 34.9 5.5% 6.2% (24.5) 12.9% 12.9% 10.3 -33.8% -32.2% 40.1 9.7% 10.8% DIA / Q1 2014 results Page 8
Slide 10: 9.5% sales growth in local currency
/ 9.5% sales growth in local currency EURm +205.9 -253.1 2,181.7 +1.0 2,135.5 +0.1% +27.3% -11.6% -2.1% +9.5% (*) (*) in local currency Sales related to Gross Sales Under Banner DIA / Q1 2014 results Page 9
Slide 11: Strong expansion and positive LFL
/ Strong expansion and positive LFL EURm +6.1% -11.6% +5.0% +3.4% +1.1% (*) 2,181.7 2,135.5 (*) Schlecker contribution Sales related to Gross Sales Under Banner DIA / Q1 2014 results Page 10
Slide 12: Iberia sales and profit growth in a difficult environment
/ Iberia sales and profit growth in a difficult environment EURm 1,427.4 -4.2% +4.3% 1,428.4 +2.2% +2.1% (*) +0.1% (*) Schlecker contribution Sales related to Gross Sales Under Banner DIA / Q1 2014 results Page 11
Slide 13: EM: Strong sales momentum and margin improvement
/ EM: Strong sales momentum and margin improvement EURm +9.8% -33.6% +17.5% 754.3 707.2 -6.3% +27.3% (*) (*) in local currency Sales related to Gross Sales Under Banner DIA / Q1 2014 results Page 12
Slide 14: Balance sheet
/ Balance sheet Net debt / Adjusted EBITDA 1.5x 1.4x / Leverage stable at around 1.5x Adjusted EBITDA DIA / Q1 2014 results Page 13
Slide 15: Focus on sales growth: Market III, Clarel
/ Focus on sales growth: Market III, Clarel / A strong set of remodelling initiatives in Spain in 2014 to reinforce the commercial proposition / New DIA Market III model already tested - A completely renewed perishable area - Assortment and stand improvements in selected FMCG categories / +300 DIA s
Slide 16: Conclusions
/ Conclusions / Commitment to focus on our core markets / We continue to capture efficiency gains to improve our competitive position / Focus on growth in Emerging Markets / We reiterate double-digit underlying EPS growth (*) (*) in local currency DIA / Q1 2014 results Page 15
Slide 17: Index: Q&A
INDEX / HIGHLIGHTS 2 / FINANCIAL REVIEW / Q&A DIA / Q1 2014 results Page 16
Slide 18: Results Q1 2014
RESULTS Q1 2014 / IR Team / Tel: +34 91 398 54 00 ext. 33890 investor.relations@diagroup.com DIA / Q1 2014 results