Koninklijke Ahold Delhaize N.v. · EURONEXT:AD
Koninklijke Ahold Delhaize — Q2 2025 Earnings Presentation
28 slides from Koninklijke Ahold Delhaize's earnings presentation, Aug 6, 2025
Slide 1: Q2 2025 results welcome
Q2 2025 results welcome August 6, 2025
Slide 2: Cautionary notice
cautionary notice This communication includes forward-looking statements. All statements other than competitive labor markets, changes in labor conditions and labor disruptions; statements of historical facts may be forward-looking statements. Forward-looking increases in costs associated with the C
Slide 3: Welcome
Q2 2025 welcome 3 Ahold Delhaize – Q2 2025
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 2025
Slide 5: Ahold Delhaize reports solid Q2 performance
• Our Growing Together strategy ensures we deliver real value every day through targeted investments in pricing, Ahold Delhaize own-bran assortments and loyalty programs. Initiatives like these are strengthening our customer value propositions and driving sustainable long-term omnichannel growth rep
Slide 6: Quarterly performance
Q2 2025 quarterly performance Frans Muller 6 Ahold Delhaize – Q2 2025
Slide 7: Ahold Delhaize – Q2 2025
7 Ahold Delhaize – Q2 2025
Slide 8: Adapting our CVP and product assortments
adapting our CVP capitalizing on driving and product omnichannel operational assortments capabilities excellence 8 Ahold Delhaize – Q2 2025
Slide 9: Lowering prices and price investments in U.S. market
Hannaford lowered prices for delivering trusted 2500 center store own-brand products and vibrant customer experiences products $1 billion price investments in U.S. market 9 Ahold Delhaize – Q2 2025
Slide 10: Slide 10
Slide 11: Achieved e-commerce profitability
achieved e-commerce profitability driven by • orientation towards less asset intense same-day delivery models • increasing fulfilment capacity • automating operations • leveraging retail media propositions 11 Ahold Delhaize – Q2 2025
Slide 12: Our growth is fueled through a seamless shopping experience
our growth is fueled through a seamless shopping experience • 5th consecutive quarter of double-digit growth in online grocery • Food Lion completed its transition to PRISM • Delhaize Belgium opened a new distribution center in Vorst, doubling e- commerce capacity 12 Ahold Delhaize – Q2 2025
Slide 13: Attracting new customers, increasing volumes at Stop & Shop
attracting new customers increasing volumes improving Net Promotor Score encouraging customer responses at Stop & Shop 13 Ahold Delhaize – Q2 2025
Slide 14: Making progress on Profi integration
making progress on attracting new integration customers >20 store openings record highs for weekly sales and visitors significant revenue growth contribution 14 Ahold Delhaize – Q2 2025 from Profi
Slide 15: Financial highlights
Q2 2025 financial highlights Jolanda Poots-Bijl 15 Ahold Delhaize – Q2 2025
Slide 16: Second quarter 2025 results (underlying)
comparable sales growth excl. gas +4.0% U.S. +3.4% EU +4.9% second net sales €23.1bn online sales quarter vs LY constant rates +6.5% €2.5bn results underlying vs LY constant rates operating +14.4% income1 2025 €917m vs LY constant rates underlying results +1.9% underlying operating margin1 4.0% unde
Slide 17: Second quarter 2025 results (IFRS)
net sales diluted EPS €23.1bn €0.60 vs LY actual rates vs LY actual rates +3.3% +13.3% second online sales quarter €2.5bn results vs LY actual rates operating income +11.8% 2025 €861m vs LY actual rates operating margin €56m lower than underlying IFRS-reported results 3.7% results, largely due to co
Slide 18: Comparable sales growth trends by region
comparable sales growth trends by region Actuals excluding gas Ex weather/calendar/other Ex. Gas Q2 group comparable sales growth excl. gas U.S. Q2 Europe Q2 +4.0% +3.4% +4.9% 5.8% 4.7% 4.9% 4.7% 4.8% 4.9% 3.7% 3.4% 3.1% 2.6% 2.6% 2.4% 1.4% 1.2% 1.6% 1.2% 1.2% 0.8% 0.8% -0.4% Q2 2024 Q3 2024 Q4 2024
Slide 19: US Q2 2025 highlights
US Q2 2025 highlights net sales expanding brand Own Brand €13.2bn strength added 300 new items to the assortment so far this year +1.9% vs LY at constant rates and densifying our markets online sales growth ADUSA ADUSA 16.4% positive volumes for the third consecutive quarter NPS scores improved at a
Slide 20: EU&I Q2 2025 highlights
EU&I Q2 2025 highlights strong results net sales Delhaize €9.9bn led by Benelux performance doubled e-commerce capacity with new distribution center in Vorst +13.4% vs. LY at constant rates online sales growth bol Albert Heijn 12.7% double-digit growth driven by new opportunities with developed over
Slide 21: Q2 and H1 free cash flow bridge
Q2 free cash flow bridge 198 4 28 517 FCF Q2 2025 vs Last Year (in €m) -14 -57 -7 -14 378 FCF Changes in Other operating Dividends from Income Net Net Lease Net interest FCF Q2 2024 working capital cash flow joint ventures taxes paid investments Repayments paid Q2 2025 H1 free cash flow bridge 136 1
Slide 22: Identifying solutions and leveraging data and AI
identifying solutions and leveraging data and AI to innovate for growth and efficiency 22 Ahold Delhaize – Q2 2025
Slide 23: Healthy communities & planet
healthy communities & planet • AH introduced new blended products, combining animal- and plant-based ingredients • Delhaize launched a “Color Your Summer” campaign to educate 2025 Target: customers on healthy eating • 51.7% Hannaford launched a free online class catered to those using GLP-1 medicati
Slide 24: Outlook 2025
around €2.7 billion gross capital expenditures at least €2.2 billion at least free cash flow €1.25 billion mid-to save for our customers outlook high-single digit growth 2025 underlying EPS1 underlying operating margin 1. Based on an average euro/U.S. dollar exchange rate for 2025 of 1.10 around 4.0
Slide 25: Calendar
Q2 2025 calendar 25 Ahold Delhaize – Q2 2025
Slide 26: Corporate calendar
corporate calendar rolling 12 months Q3 Q4 Q1 Q2 2025 2025 2026 2026 August 6 November 5 February 11 April 8 Results Q2 2025 Results Q3 2025 Results Q4 & FY 2025 Annual General Meeting of Shareholders August 8 May 6 Extraordinary General Meeting of Results Q1 2026 shareholders 26 Ahold Delhaize – Q2
Slide 27: Q&A
Q&A
Slide 28: Thank you
thank you Ahold 28 Delhaize - Q2 2024
Koninklijke Ahold Delhaize — Q2 2025 Earnings Presentation on 6ix