Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Koninklijke Ahold — Q1 2015 Earnings Presentation
12 slides from Koninklijke Ahold Delhaize's earnings presentation, May 27, 2015
Slide 1: First quarter 2015 results
First quarter 2015 results May 27, 2015
Slide 2: Group highlights Q1 2015
Group highlights Q1 2015 • Net sales of €11.3 billion, up 14.9% driven by currency • Sales excluding gas up 3.1% at constant exchange rates • Sales in the Netherlands up 5.7%, driven by successful promotions and improved product offering • Underlying operating margin of 3.5% reflects investments in
Slide 3: Group performance
Group performance (in millions of euros) Quarter 1 2015 2014 Change Change* Net sales 11,289 9,821 14.9% 1.4% • Net sales of €11.3 billion, up 1.4%* • Net sales excl. gas, up 3.1%* Net sales growth excluding gas 3.1% • Underlying operating income impacted by: Underlying operating income 390 392 (0.5
Slide 4: Performance by segment
Performance by segment (in millions of euros) Quarter 1 Ahold USA The Netherlands Czech Republic 2015 Change* 2015 Change 2015 Change* Net sales 7,026 (2.1)% 3,748 5.7% 515 24.8% • Net sales in the U.S. excl. gas up 0.4%*. Margins reflect investments in price and weather-related costs Net sales excl
Slide 5: Operating cash flow generation
Operating cash flow generation (in millions of euros) Quarter 1 2015 2014 Change Operating cash flow* 669 604 65 • Strong free cash flow • Unfavorable change in working Change in working capital (216) 40 (256) capital partly caused by timing effects of year end and Easter Income tax paid (23) (123)
Slide 6: Business highlights: Ahold USA
Business highlights: Ahold USA Improve customer proposition The journey continues Own-brand development • Wave 1: Value investment rollout to • Simplicity savings largely fund the • Successful launches of the World 704 stores in total investments Menu Italian and Asian lines and • Wave 2: Super KVIs
Slide 7: Business highlights: the Netherlands
Business highlights: the Netherlands Successful promotions Differentiating product offering Expanding ah.nl HSC Rotterdam • Increased basket size and number • Organic brand activation • Home Shop Center in Rotterdam of customers resulted in strong enlarged from 4,500 to 18,500 m² market share perfor
Slide 8: Business highlights: bol.com
Business highlights: bol.com More customers More choices Awards • Consumer sales up 25% versus last • New “Bags & Accessories” category • Voted “Best Online Department year adding thousands of items from Store” and “Best Mobile Store” in • 100 million visits in Q1, up 19% over 50 brands the Netherla
Slide 9: Business highlights: Czech Republic
Business highlights: Czech Republic Rebranding of SPAR stores Project Favorite • All 49 SPAR stores rebranded to Albert • Operating model for supermarkets shows encouraging • Albert brand now a leading food retailer in the Czech sales uplifts market • Implementation to be completed in Q3 2015 Albert
Slide 10: Outlook
Outlook • Our business performance remains on track to deliver in line with full year expectations • Margins in the Netherlands will be 40 to 50 basis points lower compared to last year, as a result of higher pension costs and increased investments in our online businesses • In the Czech Republic, t
Slide 11: Cautionary notice
Cautionary notice This presentation includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events t
Slide 12: Thank you
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