Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q3 2019 Earnings Presentation
13 slides from Koninklijke Ahold Delhaize's earnings presentation, Nov 6, 2019
Slide 1: Ahold Delhaize Q3 2019 results
Ahold Delhaize Q3 2019 results November 6, 2019
Slide 2: Highlights
Highlights Frans Muller President & CEO
Slide 3: Ahold Delhaize reports strong third quarter results
Ahold Delhaize reports strong third quarter results • Net sales of €16.7 billion, up 2.9% at constant exchange rates • Net consumer online sales up 29.5% at constant exchange rates • Operating income of €679 million • Underlying operating income of €724 million, underlying group operating margin of
Slide 4: Financial Results
Financial Results Jeff Carr CFO
Slide 5: Group performance
Group performance € in million Quarter 3 2019 2018 restated Change Change actual rates constant rates Net sales 16,689 15,780 5.8% 2.9% Underlying EBITDA 1,410 1,348 4.6% 1.8% Underlying EBITDA margin 8.5% 8.5% Underlying operating income 724 698 3.7% 0.8% Underlying operating margin 4.3% 4.4% Opera
Slide 6: Performance by segment
Performance by segment € in million Quarter 3 USA The Netherlands Belgium CSE 2019 Change* 2019 Change* 2019 Change* 2019 Change* Constant rates Constant rates Net sales 10,252 2.0% 3,623 4.4% 1,253 2.1% 1,562 6.4% Operating income 435 0.5% 205 12.3% 31 (14.0%) 44 (29)% Underling operating income 44
Slide 7: Free cash flow
Free cash flow € in million Quarter 3 Year to date 2019 2018 restated 2019 2018 restated Operating cash flow 1,417 1,263 4,037 3,817 Changes in working capital (99) 30 (207) (5) Income tax paid – net (16) (38) (334) (132) Cash from cont. operations 1,302 1,255 3,496 3,680 Capital expenditure (540) (
Slide 8: Outlook 2019
Outlook 2019 We reiterate the following 2019 guidance items: • Underlying operating margin for the group in 2019 to be slightly lower than 2018 • Underlying earnings per share growth in 2019 in low single digits compared to 2018 • Group free cash flow of €1.8 billion (IFRS 16 definition) for the ful
Slide 9: Highlights
Highlights Frans Muller President & CEO
Slide 10: Highlights United States
Highlights United States • Online sales growth accelerated to 26.3%. Goal of 600+ Click & Collect points by year-end was reached in October (537 points in the 3rd quarter) • Food Lion posted 28th consecutive quarter of positive comparable sales growth and remodeled 115 stores in Virginia and South C
Slide 11: Highlights Europe
Highlights Europe • Strong CSE sales growth driven by 4.5% comparable sales growth and 148 new stores in Romania, Greece, and Serbia • Bol.com third party sales grew 60% YTD and has partnered with over 19,000 merchants in September • Albert Heijn converted its 96th store to its new fresh and technol
Slide 12: Wrap-up
Wrap-up • Strong third quarter sales results in the US, Netherlands, and CSE, with comparable sales growth of 1.8%, 3.0%, and 4.5%, respectively • Global net consumer online sales up 29.5% at constant exchange rates, with US online sales growth accelerating to 26.3% at constant exchange rates in the
Slide 13: Cautionary notice
Cautionary notice This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words such as outlook 2019, guidance, to be, target, expect to deliver, continue to expect, expected, by year end, planned, will or ot
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