Jumbo S.a. · ATHEX:BELA
Jumbo — Investor Presentation (October 2019)
10 slides from Jumbo's investor presentation, October 2019
Slide 1: Corporate Presentation
Corporate Presentation October 2019 1
Slide 2: Company Overview
Company Overview • Hypermarket without food, fashion and electronics • 40,000 products with an average selling price of EUR 4.99 • Toys, baby and stationary products (core activity) represent 1/3 of sales • Market leader in Greece on the core activity • The largest modern warehouses in Balkans (390.
Slide 3: Store network
Store network • 79 stores in 4 countries • Average store area 9,500sqm • On-line operation (www.e-jumbo.gr) with dedicated distribution center of approximately 30.000 sqm • Franchise agreements to non EU countries – 23 stores in 5 countries vs 18 stores in 2018 3
Slide 4: Cost elements
Cost elements • 80% of the product is dollar denominated • Transportation: from 20% to 35% of the cost of the product • Each store operates as a cost center • Favourable lease agreements • Wages - 48% of operating cost • Advertising - 2% of sales 4
Slide 5: FY 2018/2019 Results
FY 2018/2019 Results • Group Sales increased by 7,82% y-o-y • Group’s EBITDA reached EUR 238 million increased by +6,5% • Net earnings increased by 7,79% y-o-y for the Group • Proposition for dividend distribution for the fiscal year 2018/2019, 39% of the Group’s profit 5
Slide 6: Financial Results
Financial R esults Group Sales EBITDA 900 812 300 800 238 700 _ EBL 250 aa 583 600 200 484 195 500 159 150 400 300 100 200 50 100 o o 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Pre- tax earnings Cash Generation 250 250 211 200 198 200 165 173 150 150 100 100 50 a — 50 0 2015 2016 2017 2018 20
Slide 7: Store roll out
Store roll out • Since 2014 the Group has invested in 16 new hyper- stores • Network of at least 22 stores in Romania in the next 4-years; 13 in operation, currently • Opening of one new store every 2 years in Greece, Cyprus and Bulgaria • E- commerce: o market penetration in Greece o Launch of an o
Slide 8: Latest Developments
Latest Developments • During the first quarter of the Financial Year ends in December 2019, Group’s sales increased approximately by 8% • Romania: o In November 2019 will open the 14th store in the country • Until December 2020 is expected to open three stores (one in Greece, one in Cyprus and one i
Slide 9: Financials - snapshot
Financials - snapshot Jum bo (€ m ) Sum m ary P&L Account 2018 2019 Turnover 753 812 7,8% COGS (358) (388) Gross Profit 395 424 7,3% Gross Margin 52,5% 52,2% Other operating income 0 (0) General & Administrative Expenses (172) (185) 7,8% EBITDA 224 238 6,5% EBITDA Margin 29,7% 29,3% Depreciation and
Slide 10: Financials - snapshot
Financials - snapshot Cash Flow (€m ) Balance Sheet (€m ) 2018 2019 2018 2019 Cash generated 169,6 183,7 Cash and cash equivalents 436,9 506,6 Trade receivables 32,7 40,3 Change in blocked bank deposits - - Inventories 247,8 289,9 Changes in current assets and current liabilities (5,1) (65,1) Other