Slide 1: Investor and Analyst Conference Call Presentation April 2023
Investor and Analyst Conference Call Presentation April 2023
Slide 2: FY 2022 Financial Highlights
FY 2022 Financial Highlights • Sales increased by 14% y-o-y at EUR 949 million • Gross margin improved by c. 26bps at 55,9% • EBITDA increased by 10% y-o-y at EUR 337 million • Net profit increased by 15% y-o-y at EUR 249 million • Net Cash position at EUR 522,5 million • Total cash distribution in
Slide 3: Geographical Sales breakdown
Geographical Sales breakdown • 83 stores in 4 countries • Average store area 9,000sqm • On-line operation (www.e-jumbo.gr) with dedicated distribution center of approximately 30.000 sqm generates c. 3% of sales in Greece • Franchise agreements in non-EU countries – 32 stores in 6 countries
Slide 4: Q1 2023 Sales Performance
Q1 2023 Sales Performance Group sales in 1Q23 increased by 33% y-o-y. • Greece (excl. intragroup): + 35,5% y-o-y. • Cyprus: + 30% y-o-y • Bulgaria: +33% y-o-y • Romania: + 29% y-o-y March Highlights • The first franchised store in Israel • A cash distribution of 1,1550 EUR/share
Slide 5: 2023 / 2024 Store Rollout
2023 / 2024 Store Rollout Store rollout: • Rented hyper store in Bulgaria, Plovdiv. • Owned hyper store in Iasi • Owned hyper store in Bucharest • Owned hyper store in Oradea • Romanian online store • Owned hyper store in Cyprus (Nicosia)
Slide 6: FCF to pay off the E200m bond
FCF to pay off the E200m bond Management plans to the early repayment of the E200m bond • The bond was issued in 2018 and matures in 2026. • The undrawn bond facility has a margin of 1,95% on 6m Euribor. • Considering the macro backdrop and the possibility of a banking crisis in Europe, • Management
Slide 7: 2023 Budget/Outlook
2023 Budget/Outlook Budget • Sales to increase by 15% • Gross margin contraction by 200bps at 54% • Net Earnings at EUR 270- EUR 275 mil • Capex may surpass EUR65 mil this year subject to POS rollout plan • In our Budget we include: • 2 additional hyper stores (Iasi and Plovdiv) • The start of onlin
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights Jumbo (€ m) Summary P&L Account 31.12.2019 31.12.2020 31.12.2021 31.12.2022 Turnover 848 694 -18,2% 832 19,9% 949 14,1% COGS (404) (335) (369) (419) Gross Profit 444 359 -19,0% 463 28,8% 531 14,6% Gross Margin 52,3% 51,8% 55,7% 55,9% Other operating income 1 7 6 5 G
Slide 9: Consolidated Financial Highlights
Consolidated Financial Highlights Balance Sheet (€m) Cash Flow (€m) 31/12/2021 31/12/2022 31/12/2021 31/12/2022 Cash and Other current financial assets 838,1 802,9 Cash generated 277,8 276,9 Changes in current assets and current Trade receivables 48,3 52,7 liabilities 73,7 (89,9) Inventories 154,1 2
Slide 10: Info & Contact
Info & Contact For more information please visit our Investor Relations Web Site https://corporate.e-jumbo.gr/en/ IR Contact: Karamitsoli Amalia ir@jumbo.gr tel: +30 210 4805267