Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q2 2026 Earnings Presentation
27 slides from Koninklijke Ahold Delhaize's earnings presentation, Aug 5, 2026
Slide 1: Q2 2026 results welcome
Q2 2026 results welcome August 5, 2026
Slide 2: Cautionary notice
cautionary notice This communication includes forward-looking statements. All statements other than increases in costs associated with the Company’s defined benefit pension plans; statements of historical facts may be forward-looking statements. Forward-looking ransomware and other cybersecurity iss
Slide 3: Welcome
New picture needed Q2 2026 welcome 3 Ahold Delhaize – Q2 2026
Slide 4: Speakers
speakers Frans Jolanda JP Muller Poots-Bijl O’Meara President & Chief Executive Officer Chief Financial Officer SVP Investor Relations 4 Ahold Delhaize – Q2 2026
Slide 5: Ahold Delhaize reports resilient Q2 results and reiterates guidance
Ahold Delhaize • Anchored by the strong execution of our Growing Together strategy, we delivered a resilient performance in the second quarter. Through disciplined investments in our customer value propositions, innovation and growth, reports resilient combined with strong cost management, we streng
Slide 6: Quarterly performance
New picture needed Q2 2026 quarterly performance Frans Muller 6 Ahold Delhaize – Q2 2026
Slide 7: Ahold Delhaize – Q2 2026
7 Ahold Delhaize – Q2 2026
Slide 8: Earning trust through value, quality and convenience
earning trust through simplifying lives investing with value, quality and with tech, data discipline to convenience and AI strengthen our brands 8 Ahold Delhaize – Q2 2026
Slide 9: Ahold Delhaize – Q2 2026
9 Ahold Delhaize – Q2 2026
Slide 10: Earning trust through value, quality and convenience
own-brand penetration exceeded meeting changing 40% customer needs at group level through own-brand Stop & Shop lowered prices across 137 stores in NY and NJ Albert Heijn lowered prices on >500 popular price favorites 10 Ahold Delhaize – Q2 2026
Slide 11: Data, technology and AI as enablers for making life simpler
lens 1: re-imagining business domains lens 2: optimizing existing processes & data, technology systems and AI as enablers for making life lens 3: simpler democratizing AI tools for all associates 11 Ahold Delhaize – Q2 2026
Slide 12: Investing with discipline to strengthen omnichannel ecosystems
investing with discipline to strengthen omnichannel ecosystems 12 Ahold Delhaize – Q2 2026
Slide 13: Ahold Delhaize – Q2 2026
13 Ahold Delhaize – Q2 2026
Slide 14: Q2 2026 financial highlights
Q2 2026 financial highlights Jolanda Poots-Bijl 14 Ahold Delhaize – Q2 2026
Slide 15: Second quarter results (underlying)
comparable sales growth excl. gas +1.2% U.S. +0.8% EU +1.7% second net sales €23.2bn online sales quarter vs LY constant rates +1.9% €2.7bn results underlying vs LY constant rates operating +8.6% income1 2026 €906m vs LY constant rates underlying results +0.3% underlying operating margin1 3.9% under
Slide 16: Second quarter results (IFRS reported)
diluted EPS from net sales continuing operations €23.2bn €0.60 vs LY actual rates vs LY actual rates +0.3% (1.1%) second online sales quarter €2.7bn results vs LY actual rates operating income +7.3% 2026 €866m vs LY actual rates operating margin €41m lower than underlying IFRS-reported results 3.7%
Slide 17: Comparable sales growth trends by region
comparable sales growth trends by region Actuals excluding gas Ex weather/calendar/other1 Ex. Gas Q2 group comparable sales growth excl. gas U.S. Q2 Europe Q2 +1.2% +0.8% 5.8% +1.7% 4.9% 3.4% 3.4% 3.1% 2.9% 2.9% 2.8% 2.9% 2.6% 2.7% 2.6% 2.7% 2.4% 1.8% 1.6% 1.7% 1.8% 1.5% 0.8% Q2 2025 Q3 2025 Q4 2025
Slide 18: U.S. Q2 2026 highlights
US Q2 2026 highlights net sales winning market Own Brand €13.0bn share getting ready for the back-to-school period with new own brand kids +1.4% vs LY lunch items at constant rates by offering the best quality & value online sales growth ADUSA Online 14.5% gaining market share across 4 out of 5 bran
Slide 19: EU&I Q2 2026 highlights
EU&I Q2 2026 highlights net sales strengthening Delhaize €10.2bn our positions expanded their ‘collect’ network to 178 locations with the ambition for +2.6% vs. LY national coverage by at constant rates through disciplined execution 2028 online sales growth bol Albert Heijn 3.8% reinforced loyalty a
Slide 20: Q2 and H1 free cash flow bridge
Q2 free cash flow bridge 227 FCF Q2 2025 vs Last Year (in €m) -34 0 632 -45 -10 -14 -8 517 FCF Changes in Other operating Dividends from Income Net Net Lease Net interest FCF Q2 2025 working capital cash flow joint ventures taxes paid investments Repayments paid Q2 2026 H1 free cash flow bridge 715
Slide 21: Making healthier options more accessible and affordable
making healthier options more accessible and affordable 21 Ahold Delhaize – Q2 2026
Slide 22: Outlook 2026
around €2.7 billion gross capital expenditures at least €2.3 billion at least free cash flow €1.25 billion mid-to save for our customers outlook high-single digit growth 2026 underlying EPS1 underlying operating margin 2026 is a 53-week calendar year 1. Based on constant rates around 4.0% year-over-
Slide 23: Ahold Delhaize – Q2 2026
23 Ahold Delhaize – Q2 2026
Slide 24: Q&A
Q&A
Slide 25: Thank you
thank you Ahold 25 Delhaize - Q2 2024
Slide 26: Calendar
Q2 2026 calendar 26 Ahold Delhaize – Q2 2026
Slide 27: Corporate calendar
corporate calendar rolling 12 months Q3 Q4 Q1 Q2 2026 2026 2027 2027 August 5 November 4 February 10 April 14 Results Q2 2026 Results Q3 2026 Results Q4 & FY 2026 Annual General Meeting of Shareholders May 5 Results Q1 2027 27 Ahold Delhaize – Q2 2026
Koninklijke Ahold Delhaize — Q2 2026 Earnings Presentation on 6ix