Distribuidora Internacional de Alimentacion SA · BME:DIA
Distribuidora Internacional de Alimentacion SA — Q3 2014 Earnings Presentation
20 slides from Distribuidora Internacional de Alimentacion SA's earnings presentation, 2014
Slide 1: Results Q3 2014
RESULTS Q3 2014 /|IR Team / Tel: +34 91398 54 00 ext. 33890 ne investorrelations@diagroup.com DIA/Q3 2014 RESULTS
Slide 2: Disclaimer
DISCLAIMER This document does not constitute a purchase, sales or exchange offer, nor is it an invitation to draw up a purchase sales or exchange offer, or advice on any stock issued by DIA. DIA cautions that this document contains forward-looking statements, found in various places throughout the p
Slide 3: Index
INDEX 1/ BUSINESS REVIEW 2/ FINANCIAL REVIEW 3/ Q&A DIA/Q3 2014 RESULTS Page2
Slide 4: Highlights
/ Highlights /Q3 2014, another (14 consecutives) quarter of profitable growth: / 7.9% sales growth in local currency (+0.6% in EUR) / 6.7% adjusted EBIT growth in local currency (+2.2% in EUR) / Spain: growing market share and profits in a deflationary market / Emerging Markets : very strong sales,
Slide 5: Spain: Market share gain and cost flexibility allow profitable growth
/ Spain: Market share gain and cost flexibility Dia allow to deliver profitable growth in a deflationary environment /100 bps of market share gain in last 36 months (+36 bps in Q3 2014) / DlA has strengthened its undisputed price leadership in Spain / Cost structure flexibility and franchise progres
Slide 6: Index
INDEX / BUSINESS REVIEW / FINANCIAL REVIEW / Q&A DIA/Q3 2014 RESULTS Page 5
Slide 7: Key figures 9M 2014
/ Key figures 9M 2014 / 8.4% sales growth in local currency /11% adjusted EBITDA growth to EUR399.7m (+5.8% ex-currency) / 2.0% adjusted EBIT growth to EUR264.0m (+6.5% ex-currency) /5.0% underlying net profit growth to EUR173.0m (6.9% ex-currency) Sales related to Gross Sales Under Banner DIA/Q3 20
Slide 8: 9M adjusted EBIT ex-currency up 6.5%
/ 9M adjusted EBIT ex-currency up 6.5% Dia Q3 % % page OM % % pace 2014 change J currency 2014 change JM currency (EURm) Grosssalesunderbanner |2,392.7 0.6% 7.9% ||6,8275 -14% 84% Adjusted EBITDA 154.2 1.8% 6.0% 399.7 11% 5.8% Adjusted EBITDA margin 76% 12 bps 6.9% 19 bos Adjusted EBIT 107.8 2.2% 6.
Slide 9: 9M underlying net profit up 6.9%
/ 9M underlying net profit up 6.9% Q3 % % pag OM % % on (EURm) 2014 Jf change ff currency 2014 change J currency Adjusted EBIT 107.8 2.2% 6.7% 264.0 2.0% 6.5% Non-recurring items (13.9) 17.9% 23.8% (32.9) 17.6% 21.8% EBIT 93.9 0.2% 4.5% 231.1 01% 4.6% Net financial income/expenses (12.4) 27.8% 46.0%
Slide 10: 8.4% sales growth in local currency
/ 8.4% sales growth in local currency Dia +701.3 7,507.4 -679.9 6,923.5 -117.4 fi 6,827.5 qi [ 1.7% | [+102 | i! 9M 2013 Iberia Emerging 9M 2014* Currency 9M 2014 EURm in local currency Sales related to Gross Sales Under Banner
Slide 11: +2.9% LFL growth in 9M 2014
/+2.9% LFL growth in 9M 2014 EURm +381.2 12027 6,923.5 _ 9M 2013 LFL Expansion Currency 9M 2014 in local currency Sales related to Gross Sales Under Banner DIA/G32014 RESULTS
Slide 12: Iberia: 9M 2014
/ Iberia: 9M 2014 EURm 4,580.9 is O 435 6 4,463.5 © _ 9M 2013 Expansion 9M 2014 / 1.8% adjusted EBIT growth / +36 bps market share in Spain in Q3 2014 /50%* franchise contribution reached Sales related to Gross Sales Under Banner * without Schlecker/Clarel DIA/Q3 2014 RESULTS
Slide 13: Emerging markets: 9M 2014
/ Emerging markets: 9M 2014 +29.9% © EURm +228.2 -679.9 2,342.6 +20.2% ~29.0% 9M 2013 LFL Expansion Currency 9M 2014 / 3.6% adjusted EBIT growth / 62% franchise stores jn local currency Sales related to Gross Sales Under Banner
Slide 14: Net debt
/ Net debt +676 1106.6 EURm +103.3 B | 9M 2013 Adjusted Trade Income Capex LTM Dividend Equityswap 9M2014 EBITDALTM — Working Taxes paid & other Capital LTM LTM / 11x pro-forma Net debt/Adjusted EBITDA related to France DIA/Q3 2014 RESULTS
Slide 15: Delivering on our goals
/ Delivering on our goals Dia / Market share and sustainable profit growth in Iberia / Fast and profitable growth in Emerging / Accelerating franchise as a way to strengthen the business and expand profitability / On track to deliver double-digit underlying EPS growth © ©jn local currency DIA/Q3 201
Slide 16: Index
| Dia INDEX / BUSINESS REVIEW / FINANCIAL REVIEW | Q&A DIA/Q3 2014 RESULTS Page 15
Slide 17: Results Q3 2014
RESULTS Q3 2014 /|IR Team / Tel: +34 91398 54 00 ext. 33890 ne investorrelations@diagroup.com DIA/Q3 2014 RESULTS
Slide 18: Back-up
Back-up 2014 RESULTS
Slide 19: Growing contribution of franchised stores
/ Growing contribution of franchised Dia stores 53.8% 48.3% 41.4% 37.8% 32.5% 26.6% } 2009 2010 2011 2012 2013 9M 2014 Without Schlecker/Clarel 2014 RESULTS
Slide 20: New Delicious private label
/ New “Delicious” private label Dia Mini SELECCAO ee 296g (8x 378) DIA/Q3 2014 RESULTS
Distribuidora Internacional de Alimentación (DIA) — Q3 2014 Earnings Presentation on 6ix