Casino, Guichard-perrachon Sa · EURONEXT:CO
Casino, Guichard-perrachon Sa — Corporate Update (March 2026)
10 slides from Casino, Guichard-perrachon Sa's corporate update, Mar 16, 2026
Slide 1: Progress Update on the Financial Structure Adaptation and Strengthening Project
PROGRESS UPDATE ON THE FINANCIAL STRUCTURE ADAPTATION AND STRENGTHENING PROJECT AS PART OF THE ONGOING DISCUSSIONS AND NEGOTIATIONS BETWEEN THE COMPANY AND CERTAIN OF ITS CREDITORS 16 MARCH 2026 1
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Casino, Guichard-Perrachon (“Casino” or the “Company”) in the context of the discussions and negotiations between it and certain of its creditors and other stakeholders as part of the study of the project to adapt and strengthen the Casino group's balanc
Slide 3: Ongoing Discussions Timeline
ONGOING DISCUSSIONS TIMELINE 1◼ This presentation follows on from the Company’s previous communications regarding the project to adapt and strengthen its financial structure and notably follows on from the progress updates shared on 10 February 2026 and 5 March 2026. 2◼ In the absence of any FRH cou
Slide 4: Lender-led proposal from the TLB SteerCo dated 8 March 2026
LENDER-LED PROPOSAL FROM THE TLB STEERCO DATED 8 MARCH 2026 Lender-led proposal from the TLB SteerCo dated 8 March 2026 ▪ €1,810 M€ (of which €400m in cash to strengthen the Group’s liquidity), of which : ▪ €1,410m rights issue with preferential subscription rights for the initial shareholders backs
Slide 5: Pro forma shareholding under the TLB SteerCo's lender-led proposal dated 8 March 2026
PRO FORMA SHAREHOLDING UNDER THE TLB STEERCO’S LENDER-LED PROPOSAL DATED 8 MARCH 2026 Percentage of rights exercised by a shareholder in the capital - 20% 40% 60% 80% 100% increase Existing shareholders incl. FRH - cash investment - 282 564 846 1,128 1,410 to repay TLB at par TLB equitized debt 1,41
Slide 6: Presentation of the FRH proposal dated 9 March 2026
PRESENTATION OF THE FRH PROPOSAL DATED 9 MARCH 2026 FRH proposal dated 09/03/26 ▪ €932m1 – €1,075m2 (of which €390m in cash to strengthen the Group’s liquidity), of which: ▪ €100m rights issue with preferential subscription rights backstopped in cash by FRH3 (TLB lenders who are shareholders to comm
Slide 7: Shareholding structure resulting from the FRH proposal dated 9 March 2026
SHAREHOLDING STRUCTURE RESULTING FROM THE FRH PROPOSAL DATED 9 MARCH 2026 Participation of TLB lenders to the new money €0m €50m €75m Consent of TLB lenders 0% 67% 100% 67% 100% Figures assuming that (i) €110m of FRH 64% 64% 64% 55% 51% RCF is converted into equity, and that TLB lenders participatin
Slide 8: Appendix
APPENDIX 8
Slide 9: Initial proposal elements from the TLB SteerCo dated 24 February 2026
INITIAL PROPOSAL ELEMENTS FROM THE TLB STEERCO DATED 24 FEBRUARY 2026 Initial proposal elements from the TLB SteerCo dated 24/02/2026 Capital increases ▪ €900m (of which €400m to strengthen the Group’s liquidity) Incl. TLB conversion1 ▪ Reserved capital increase of €510m subscribed through debt-to-e
Slide 10: Illustrative shareholding structure based on the initial proposal elements from the TLB SteerCo
ILLUSTRATIVE SHAREHOLDING STRUCTURE BASED ON THE INITIAL PROPOSAL ELEMENTS FROM THE TLB STEERCO DATED 24 FEBRUARY 2026 The structure of the capital increase remains to be determined Capital increase FRH – cash investment 400 TLB lenders cash investment - Scenario assuming that FRH is the sole subscr
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