Label'vie Sa · CSEMA:LBV
Label'vie Sa — FY2022 Earnings Presentation
44 slides from Label'vie Sa's earnings presentation, Mar 6, 2023
Slide 1: Annual Results 2022
ANNUAL RESULIS LabelVie 9029 MARCH 6 » 2023
Slide 2: Agenda
1 INTRODUCTION 2 REVIEW OF THE KEY EVENTS OF THE YEAR 3 CONSOLIDATED FINANCIAL STATEMENTS 2022 4 OUTLOOK
Slide 3: Introduction
INTRODUCTION
Slide 4: A good performance in a disrupted economic context
A GOOD PERFORMANCE IN A DISRUPTED ECONOMIC CONTEXT Evolution in a disrupted economic context marked by high inflation and a decrease in purchasing power ๏ In 2022, the Group showed an enhanced ability to adapt ๏ Allocation of a significant investment budget to bolster customers' purchasing power Inv
Slide 5: Review of the key events of the year
REVIEW OF THE KEY EVENTS OF THE YEAR
Slide 6: 2022: A year full of events for the Group
REVIEW OF THE KEY EVENTS OF THE YEAR KEY EVENTS OF THE YEAR 2022 2022 : A YEAR FULL OF EVENTS FOR THE GROUP
Slide 7: Key events of the year 2022
REVIEW OF THE KEY EVENTS OF THE YEAR KEY EVENTS OF THE YEAR 2022 NETWORK EXPANSION OPCI SUPPORT FOR 19 New openings 155 Total number of stores Real Estate PURCHASING POWER Investment in prices investment vehicle D I G I TA L T R A N S F O R M AT I O N C A P I TA L I N C R E A S E D C S R S T R AT E
Slide 8: Expansion of the network in 2022
REVIEW OF THE KEY EVENTS OF THE YEAR KEY EVENTS OF THE YEAR 2022 EXPANSION OF THE NETWORK IN 2022
Slide 9: Summary of store openings
KEY EVENTS OF THE YEAR 2022 SUMMARY OF STORE OPENINGS 15 215m² square meters of retail space opened The opening of new stores including 1 Hyper Cash 19 GROUP BRANDS SUPERMARKETS SUPECO HYPERMARKETS HYPER CASH GROUP TOTAL Number of stores in 2021 98 14 12 12 136 m² of sales 101 602 2 094 65 900 62 76
Slide 10: New store openings: 17 Carrefour Market
KEY EVENTS OF THE YEAR 2022 NEW STORE OPENINGS – DETAILED INFORMATION 17 Opening of Carrefour Market bringing the total number of stores to 115 by the end of 2022
Slide 11: New store openings: Grand Casablanca
REVIEW OF THE KEY EVENTS OF THE YEAR GRAND CASABLANCA NEW STORE OPENINGS – DETAILED INFORMATION CASABLANCA CASABLANCA CASABLANCA CASABLANCA VILLE VERTE DEROUA AIN SEBAA EL WAHDA HASSAN SGHIR Opening: january 27 Opening: june 23 Opening: december 30 Opening: december 30
Slide 12: New store openings: Grand Casablanca
REVIEW OF THE KEY EVENTS OF THE YEAR GRAND CASABLANCA NEW STORE OPENINGS – DETAILED INFORMATION CASABLANCA CASABLANCA CASABLANCA CASABLANCA MERS SULTAN 02 MARS GIRONDE 2 11 JANVIER Opening: august 25 Opening: october 27 Opening: september 22 Opening: febuary 1st
Slide 13: New store openings: Grand Casablanca
REVIEW OF THE KEY EVENTS OF THE YEAR GRAND CASABLANCA NEW STORE OPENINGS – DETAILED INFORMATION CASABLANCA BOUSKOURA VICTORIA Opening: October 27
Slide 14: New store openings: Rabat - Kénitra
REVIEW OF THE KEY EVENTS OF THE YEAR RABAT - KÉNITRA NEW STORE OPENINGS – DETAILED INFORMATION KENITRA RABAT MOULAY ABDELAZIZ MEHDI BENBARKA Opening: january 27 Opening: november 24
Slide 15: New store openings: Marrakech
REVIEW OF THE KEY EVENTS OF THE YEAR MARRAKECH NEW STORE OPENINGS – DETAILED INFORMATION MARRAKECH MARRAKECH ABDELKRIM KHATTABI MASSIRA 3 Opening: september 22 Opening: december 30
Slide 16: New store openings: Tanger - Tetouan
REVIEW OF THE KEY EVENTS OF THE YEAR TANGER - TETOUAN NEW STORE OPENINGS – DETAILED INFORMATION TANGER TETOUAN BENIMAKADA MARTIL Opening: december 30 Opening: june 15
Slide 17: New store openings: Fes
REVIEW OF THE KEY EVENTS OF THE YEAR FES NEW STORE OPENINGS – DETAILED INFORMATION FES FES CHAMPS DE COURSE AIN CHKAF 2 Opening: november 24 Opening: december 30
Slide 18: New store openings: El Jadida
REVIEW OF THE KEY EVENTS OF THE YEAR EL JADIDA NEW STORE OPENINGS – DETAILED INFORMATION EL JADIDA OTHMANE IBNOU AFFANE Opening: october 27
Slide 19: New store openings: Casablanca Oqba
KEY EVENTS OF THE YEAR 2022 NEW STORE OPENINGS – DETAILED INFORMATION CASABLANCA OQBA Opening: March 31 0 1 ATA C A D A O S T O R E WA S O P E N E D I N T H E F I R S T Q U A R T E R , B R I N G I N G T H E T O TA L N U M B E R O F S T O R E S T O 1 3 I N 2 0 2 2
Slide 20: Launch of Terramis, real estate investment trust (OPCI)
REVIEW OF THE KEY EVENTS OF THE YEAR KEY EVENTS OF THE YEAR 2022 LAUNCH OF TERRAMIS, REAL ESTATE INVESTMENT TRUST (OPCI)
Slide 21: Launch of the OPCI Terramis SPI RFA
REVIEW OF THE KEY EVENTS OF THE YEAR LAUNCH OF THE OPCI TERRAMIS SPI RFA LAUNCH OF A NEW FINANCE VEHICLE TO SEPARATE THE DISTRIBUTION ACTIVITY FROM THE REAL ESTATE ACTIVITY CHARACTERISTICS ๏ Name : TERRAMIS SPI-RFA ๏ Label’Vie exclusive shareholding ๏ Managed by independent management company MREM,
Slide 22: Support for purchasing power
REVIEW OF THE KEY EVENTS OF THE YEAR KEY EVENTS OF THE YEAR 2022 SUPPORT FOR PURCHASING POWER MARGIN INVESTMENT MARKETING CAMPAIGNS
Slide 23: Support for purchasing power: adapted commercial policy
REVIEW OF THE KEY EVENTS OF THE YEAR ADAPTED COMMERCIAL POLICY SUPPORT FOR PURCHASING POWER AGGRESSIVE TRADE POLICY ๏ The investment of more than 100 MMAD to support the purchasing power of consumers ๏ The implementation of more aggressive promotions ๏ Downward revision of price indices PRIORITY GIV
Slide 24: Digital transformation
REVIEW OF THE KEY EVENTS OF THE YEAR KEY EVENTS OF THE YEAR 2022 DIGITAL TRANSFORMATION
Slide 25: The Label Factory for 1 year and a half: key figures
REVIEW OF THE KEY EVENTS OF THE YEAR DIGITAL TRANSFORMATION: KEY FIGURES THE LABEL FACTORY FOR 1 YEAR AND A HALF: KEY FIGURES 130 Employees 17 Squads +25 Agile training Autonomous and programs multidisciplinary teams 40% 50% 10% Business Tech Steering /Cockpit +5 343 Framework training Agile Framewo
Slide 26: E-commerce
REVIEW OF THE KEY EVENTS OF THE YEAR E-COMMERCE E-COMMERCE E-COMMERCE E-EXPRESS BIG SHOPPING LIST DAILY GROCERIES
Slide 27: E-commerce
REVIEW OF THE KEY EVENTS OF THE YEAR E-COMMERCE Successful launch in the cities of Casablanca, Rabat, Mohammadia, Salé and Temara pending its generalization to all cities of the Kingdom in the coming months
Slide 28: CSR strategy
REVIEW OF THE KEY EVENTS OF THE YEAR KEY EVENTS OF THE YEAR 2022 CSR STRATEGY
Slide 29: Our CSR achievements: Environment
REVIEW OF THE KEY EVENTS OF THE YEAR OUR CSR ACHIEVEMENTS ENVIRONMENT Reducing Carbon Footprint ๏ Signature of the Qualit'AIR charter in collaboration with the CGEM and the Mohammed V Foundation for the Protection of the Environment ๏ Carbon footprint assessment carried out at 8 pilot sites ๏ 15% re
Slide 30: Our CSR achievements: Social
REVIEW OF THE KEY EVENTS OF THE YEAR OUR CSR ACHIEVEMENTS SOCIAL Integration of people with mental disabilities Partnership with the Ministry of Industry and Commerce, the Ministry of Solidarity, Social Integration and Family, and the National Union of Associations working in the field of Mental Dis
Slide 31: Consolidated financial statements 2022
2022 CONSOLIDATED FINANCIAL STATEMENTS
Slide 32: Consolidated results
2022 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED RESULTS CONSOLIDATED RESULTS
Slide 33: Consolidated accounts 2022
CONSOLIDATED ACCOUNTS 2022 GROWTH RATES AND NUMBERS IN MMAD +19% 13,947 11,758 +19% 752 631 6,1% 6.12% 5,9% 6.0% of sales of sales of sales of sales Revenue in MMAD EBIT 2021 2022 2021 2022 +20% +83% 769 762 644 417 Current income in MMAD Net income in MMAD 2021 2022 2021 2022
Slide 34: 2022 consolidated results
2022 CONSOLIDATED RESULTS 2022 RESULTS AND YOY CHANGES 2021 2022 CHANGE GROWTH RATE Consolidated revenue stood at 13.947 MMAD, Sales of products 10 633 946 12 567 295 1 933 349 18 % up +19% compared to 2021, growth of which Sales of services 1 124 296 1 379 527 255 231 23 % 2/3 were driven by the in
Slide 35: Key performance indicators: revenue by business segment
2022 CONSOLIDATED RESULTS KEY PERFORMANCE INDICATORS: REVENUE CHANGE IN REVENUE 2021 2022 YOY CHANGE AMOUNT % SUPERMARKETS 3 826 411 4 322 709 496 298 13.0 % HYPERMARKETS 2 969 792 3 351 217 381 425 12.8 % SALES BY BUSINESS +18% HYPER CASH GAS STATIONS 3 523 281 314 462 4 354 175 539 194 830 894 224
Slide 36: Stable margins despite an aggressive commercial policy
2022 CONSOLIDATED RESULTS KEY PERFORMANCE INDICATORS: MARGINS STABLE MARGINS DESPITE AN AGGRESSIVE COMMERCIAL POLICY Evolution of margins in MMAD Evolution of Margins as % of sales +18% -0.1points 2,849 22.8% 22.7% 2,421 +13% -0.5points 1,469 12.2% 11.7% 1,297 Direct Margin Gross Margin Direct Margi
Slide 37: Operating income soared by 19%
2022 CONSOLIDATED RESULTS KEY PERFORMANCE INDICATORS: OPERATING INCOME OPERATING INCOME SOARED BY 19% Evolution of EBIT in MMAD Evolution of EBIT as % of sales +0.1 point +19% 6.0% 752 631 5.9% EBIT EBIT 2021 2022 2021 2022 Operating Income soared by 19% thanks to : ๏ Higher sales volumes. ๏ An effe
Slide 38: Financial income up despite a significant level of investment
2022 CONSOLIDATED RESULTS KEY PERFORMANCE INDICATORS: FINANCIAL INCOME FINANCIAL INCOME UP DESPITE A SIGNIFICANT LEVEL OF INVESTMENT Evolution of the Financial Income in MMAD % Debt ratio -2.4points +35% 53% 17.3 12.8 50.6% Financial Revenue Debt Ratio 2021 2022 2021 2022 Financial Income stood at 1
Slide 39: Current income soared by 20% reflecting the Group's resilience
2022 CONSOLIDATED RESULTS KEY PERFORMANCE INDICATORS: CURRENT PROFIT AND NET INCOME CURRENT INCOME SOARED BY 20% REFLECTING THE GROUP'S RESILIENCE AMID AN UNCERTAIN CONTEXT Evolution of Current and Net Profit in MMAD Evolution of Current and Net Profit as % of sales +20% +83% +0.1point +2.14points 7
Slide 40: Cash & balance sheet indicators
2022 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED RESULTS CASH & BALANCE SHEET INDICATORS
Slide 41: Cash and balance sheet indicators: actuals vs. previous FY
2022 CONSOLIDATED FINANCIAL STATEMENTS CASH AND BALANCE SHEET INDICATORS : ACTUALS VS. PREVIOUS FY FY 2021 FY 2022 EVOLUTION FINANCIAL INDICATORS DAYS OF DAYS OF DAYS OF ACTUAL ACTUAL ACTUAL SALES SALES SALES WC 247 130 12 567 295 239 102 7 -8 028 -2 EQUITY 2 442 466 84 2 953 855 86 511 389 2 Net In
Slide 42: Outlook
OUTLOOK
Slide 43: Outlook 2023
OUTLOOK OUTLOOK 2023 Continuation of the group’s Digital Acceleration of the development plan Transformation LabelVie Group plans to persist in its digital Group LabelVie decided to accelerate its development transformation roadmap program with a foreseen opening of about thirty new stores in 2023.
Slide 44: LabelVie
LabelVie GROUPE LabelVie