Sonae Sgps Sa · EURONEXT:SON
Sonae Sgps Sa — Sonae — Investor Presentation (March 2022)
26 slides from Sonae Sgps Sa's investor presentation, March 2022
Slide 1: Shaping tomorrow, today
Shaping tomorrow, today Sonae —
Slide 2: We are a trust-based organisation, long-living group, active parent company
We area trust-based organisation with deep rooted values and a purpose which will lead us into the future Sonae We are a long-living group in an ambitious quest for superior and sustainable growth and value creation We are an active parent company always looking to ensure that our businesses have th
Slide 3: A group with very solid fundamentals
A group with very solid fundamentals ff ~ A unique corporate culture with a clear mission (6) A portfolio of businesses with leading market and a robust set of values ~ positions A stable shareholder structure which enables a long-term view of economic and social value creation Best practice corpora
Slide 4: A unique corporate culture with a clear mission and a robust set of values
O224HOMB O10 A unique corporate culture with a clear mission and a robust set of values “To create long-term economic and social value, taking the benefits of progress and innovation to an ever-increasing number of people” > Lead with impact > Make things simple We turn ambition into action. We stri
Slide 5: A stable shareholder structure which enables a long-term view
A which enables a long-term view of economic and social value creation 52.90% 40.84% Ownership \ 2.00% 4.26% @ Efanor Own shares © Criteria Caixa Free float * EURONEXT Notes: The information above refers to the dates of the latest qualified shareholding notifications received from the respective sha
Slide 6: Best practice corporate governance including a diverse Board
DQQ4OOTDS O10 Best practice corporate governance including a diverse Board with independent directors... QVOBs— < 10 Board Members Paulo Azevedo Angelo Paupério José Neves Adelino Lorraine Trainer Marcelo Faria de Lima + + 2 Executive Directors Chair Non-Executive Non-Executive Non-Executive Non-Exe
Slide 7: Management team
Sonae Joao Gunther Amaral Luis Moutinho Fernando Oliveira management team Miguel Almeida Miguel Mota Freitas Business CEOs
Slide 8: A history of active portfolio management underpinned by disciplined capital allocation
Relative invested capital by industry % of total invested capital Tech, Financial Services Tourism Wood panels 1980 2000 2020 Sonae Notes: Already in 2022, Sonae acquired additional stake in Sierra. Sale of MDS to be concluded during 2022 1)(2(9QS5 678 9)10 A history of active portfolio management u
Slide 9: A long-standing history of value creation
123) 4@Q 6789/10 (s) A long-standing of history of value creation NAV a Total shareholder return €bn ; % 6 ; : : 1v ay 10Y Sonae ; Notes: TSR source is Bloomberg. 2011 Var. 2021
Slide 10: A portfolio of businesses with leading market positions
( 12D A OQ7 8910 @ +21 Turnover @ 21 uEBITDA margin Food retail Real Estate Telecommunications 33.5% Electronics retail 100% = . = rr . (sn) Fits (6) Mc ER | (6) Sierra A nes QWerten The undisputed leader in the Portuguese food retail market (both offline and online) Sports retail Fully integrated r
Slide 11: Social and environmental mindset in the DNA
DNA... Zz Natural Capital CO, and Climate change Nature and Biodiversity Plastic mindset in the oO aa Social Capital Inequalities and Inclusive Development Community Support 5 strategic axes were defined based on a materiality assessment and aligned with the United Nations Sustainable Development Go
Slide 12: Social and environmental mindset with remarkable results
with remarkable results s-¥ Carbon fi ie ; neutral » wee Ree Sa 3 (1) scope 1+2; (2) reeyelable packaging according t6 Sociedade PontolVerde reeyclability matin.
Slide 13: Strong track record of operational and financial performance
VD DVDAGG MEE 10 i~ (3) Strong track record of operational and financial performance Turnover EBITDA RolC em ém : % 7,023 738 A 6,673 - 689 6,287 624 8.4 8.4 2019 R 2020R 2021 2019 R 2020R 2021 2019 2020 2021 Sonae 7 R - Restated figures as Maxmat from MC and Bizdirect from Bright Pixel were conside
Slide 14: FCF bridge 2021
VD DVDAGG MEE 10 i~ (8) Strong track record of operational and financial performance FCF bridge 2021. €m 681 Let | 4020 [32 -279 663 ee , 32 -195 EBITDA (inc. Working cap. Operational Net financial M&A capex Sale of assets Dividends FCF before rents and taxes) and others capex activity received divi
Slide 15: A solid capital structure with low cost of debt and long maturities
VD VDVDAGCTMBEi10 i~ (g)a solid capital structure with low cost of debt and long ~ maturities Capital structure Cost of debt % HE Minorities MM Equity Ml Net debt Solid debt maturity profile +4 years 2015 2016 2017 2018 2019 2020 2021 2015 2016 2017 2018 2019 2020 2021 Sonae s
Slide 16: A steadily growing dividend policy
VBVBDM HO VOVD i~\ (10) steady dividend policy Dividend per share €cents, CAGR ae 441 4,00 4.20 3.85 . Related 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Proposed Sonae 7
Slide 17: Portfolio overview
Portfolio overview Sonae
Slide 18: Stores
Stores 1,342 Turnover €5.4bn uEBITDA margin 10.0%
Slide 19: Services
Services Zaask satfiel Stores 260 Turnover €1.2bn uEBITDA margin 6.6%
Slide 20: International
International kidswear player with strong wholesale capabilities Stores 370 Turnover €345m uEBITDA margin 1.9%
Slide 21: Iberian Sports Retail Group
IBERIAN SPORTS RETAIL GROUP &So Partnership between Sonae and JD Sprinter AN AKTIESPORT PRR} Note: Due to calendar reporting dates of JD Sports (the main shareholder of the JV), ISRG figures refer to L12Mended last October 30", Stores 481 Turnover €894m EBITDA margin 11.9%
Slide 22: Universo
Universo Sonae O Instale ja a nova APP e torne a sua vida infinitamente simples Todos os servigos para gerir o seu Sonae Total production €1bn Universo clients 965k Turnover €3im
Slide 23: An IM-centred company
An IM-centred company Future-proof portfolio of prime shopping centres A developer of retail-based mixed-use assets : Reify. #:... A diversified services provider Sonae NAV €925m Net result €15m LTV (gross) 45.8% 23
Slide 24: Leading telco poised for 5G leadership
Leading telco poised for 5G leadership... let Financial Debt / EBITDA afte ..leveraging future proof networks... ..and digitally enhanced customer experience Sonae Turnover €1.4bn EBITDA margin 43.2% Net Fin. Debt /EBITDA 2.0x 24
Slide 25: Sonae IM investment portfolio
Sonae Companies >35 Core investment NAV vadiacent arenas | Di €395m Cash invested Special focus on | a growth stage, but bat BS €168m investing from seed q to late stages Focus on cash Executing value proceeds and creation plans in returns each investment 25 Notes: NAV of the active portfolio: Fair
Slide 26: 22 March 26 Nome do documento
22 March26 Nome do documento2022