Slide 1: Carrefour Q3 2010 sales
Carrefour Q3 2010 sales 14 October 2010
Slide 2: Q3 sales highlights: solid growth in Q3 driven by emerging markets
Q3 sales highlights: solid growth in Q3 driven by emerging markets Solid sales growth in Q3 • Total sales inc. petrol, VAT and currencies of €25.6bn, up 6.7% • Increase in sales ex petrol at constant exchange rates, up 1.9% • Sales ex petrol LFL stable at +0.1% +70bp market share growth in France fo
Slide 3: Q3 2010 sales up 1.9% ex-petrol at constant exchange rates
Q3 2010 sales up 1.9% ex‐petrol at constant exchange rates Q3 sales inc. VAT at constant Q3 sales inc. VAT at current exchange rates (€m) exchange rates (€m) Excluding 2009 22,077 2009 22,077 petrol +1.9% +6.2% 2010 22,496* 2010 23,451 2009 24,009 2009 24,009 Including petrol +2.6% 2010 24,633* 2010
Slide 4: Solid sales growth in Q3, further boosted by currencies
Solid sales growth in Q3, further boosted by currencies Change in Q3 2010 sales, excluding petrol, adjusted for calendar impact (index Q3 2009 = 100; % change) 105.9 4.3 (0.3) 1.8 0.1 101.6 100 sq.m & Calendar Q3 2010 Q3 2010 Like Fx impact Q3 2009 acquisitions impact const. FX current FX for like a
Slide 5: Q3 sales: resilience in France, improving trends in Europe, accelerating growth in Latin America and Asia
Q3 sales: resilience in France, improving trends in Europe, accelerating growth in Latin America and Asia Change in LFL sales excluding petrol (%) 0.2 Q1 2010 France (1) 0.9 Q2 2010 0.2 Q3 2010 (2.4) Europe (1) (6.5) (3.8) 8.9 Latin America (1) 5.5 7.6 1.6 Asia (1) 1.7 3.4 (2.3) Hard Discount (2.5)
Slide 6: France (ex. hard discount): improving traffic trends in hypers
France (ex. hard discount): improving traffic trends in hypers Change in Q3 2010 sales, excluding petrol Evolution of hypermarket (index Q3 2009 = 100; % change) traffic (%) 0.2 0 (0.4) 100 99.8 Q1 2010 (4.5) Q2 2010 (2.7) Q3 2010 (1.2) Like sq.m & Calendar Q3 2010 Q3 2009 for like acquisitions impa
Slide 7: France: YTD LFL market share gains of 70 bp for Carrefour banners
France: YTD LFL market share gains of 70 bp for Carrefour banners, driven by Carrefour Market Group market shares (1)* Market share evolution (1)* ~ 23.9 ~ 23.8 Carrefour Banners 0.1 ED/ Dia 2.6 2.4 Carrefour Hypers (0.2) 21.3 21.4 Carrefour banners Carrefour Market x 0.4 x ED / Dia (0.2) YTD 2009 Y
Slide 8: France: continued strong momentum for Carrefour-branded products
France: continued strong momentum for Carrefour‐branded products Carrefour‐branded products Carrefour‐branded products Carrefour‐Discount sales evolution share of sales share of sales (dry grocery) (dry grocery) (dry grocery) +5.4% +0.8% 25.2% 105.4 7.5% 100 24.4% 7.2% 3.7% 3.7% 9 months 9 months 9
Slide 9: Spain (ex. hard discount): sales impacted by a persistently difficult environment
Spain (ex. hard discount): sales impacted by a persistently difficult environment Change in Q3 2010 sales, excluding petrol (index Q3 2009 = 100; % change) 100 (6.1) 0.7 (1.3) 93.3 Q3 2009 Like sq.m & Calendar Q3 2010 for like acquisitions impact adj. for adjustment calendar impact Q3 sales reflecte
Slide 10: Italy: improving trends in hypers
Italy: improving trends in hypers Change in Q3 2010 sales, excluding petrol (index Q3 2009 = 100; % change) (3.4) (2.6) 100 (1.0) 93 Q3 2009 Like sq.m & Calendar Q3 2010 for like acquisitions impact adj. for adjustment calendar impact -2.6% Lfl sales decline in hypermarkets vs -6.5% in Q2 -0.8% Lfl
Slide 11: Belgium: improved performance after store closures
Belgium: improved performance after store closures Change in Q3 2010 sales, excluding petrol LFL excluding petrol (index Q3 2009 = 100; % change) & adjusted for calendar (%) (1.3) 100 0.0 (3.6) 95.1 Q1 2010 (5.9) (5.9) (3.2) Q2 2010 (8.5) (8.5)(6.8) Q3 2010 (1.3) Q3 2009 Like sq.m & Calendar Q3 2010
Slide 12: Brazil (ex. hard discount): strong growth driven by Atacadao
Brazil (ex. hard discount): strong growth driven by Atacadao 0,1 Change in Q3 2010 sales, excluding petrol 100 (0.8) (0.6) 98.7 (index Q3 2009 = 100; % change) Hypers 8.3 0.0 113.6 Like sq.m & Calendar Q3 2010 Q3 2009 for like acquisitions impact adj. for adjustment calendar 5.3 impact 100 13.2 (0.1
Slide 13: China (ex. hard discount): accelerating growth
China (ex. hard discount): accelerating growth Change in Q3 2010 sales, excluding petrol LFL excluding petrol (index Q3 2009 = 100; % change) & adjusted for calendar (%) 0.1 116.7 9.6 Q1 2010 4.4 7.0 Q2 2010 5.4 100 Q3 2010 7.1 Q3 2009 Like sq.m & Calendar Q3 2010 for like acquisitions impact adj. f
Slide 14: Hard discount: improved performances in Q3, notably in Spain
Hard discount: improved performances in Q3, notably in Spain, successful roll‐out of Dia in France Change in Q3 2010 sales, excluding petrol (index Q3 2009 = 100; % change) 100 0.1 (2.4) (1.8) 95.9 (0.8) Spain 3.1 (0.5) sq.m & Calendar Q3 2010 Q3 2009 Like acquisitions impact adj. for 101.8 for like
Slide 15: Conclusion
Conclusion Solid Q3 sales driven by emerging markets while Europe is still facing a tough competitive environment 2010 AC estimated at around €3 bn, impacted by the increase of the one- off charge in Brazil, now estimated at around €180 m for the full year Transformation Plan is on track to deliver
Slide 16: Carrefour Q3 2010 sales
Carrefour Q3 2010 sales 14 October 2010