Sonae Sgps Sa · EURONEXT:SON

Sonae Sgps Sa — BPI's Iberian Small & Mid Caps Conference 2004

28 slides from Sonae Sgps Sa's conference presentation, Jun 11, 2004

  1. Slide 1: Sonae SGPS - BPI's Iberian Small & Mid Caps Conference

    sonae sgps BPI’S IBERIAN SMALL & MID CAPS CONFERENCE SINTRA, 11 JUNE 2004 ÂNGELO PAUPÉRIO (CFO)

  2. Slide 2: Sonae SGPS Business Portfolio

    SONAE SGPS BUSINESS PORTFOLIO SONAE SGPS 95.87% 100% 75.68% (1) 67.04% 82.79% 100% Sonae Modelo SonaeCom Sonae Indústria Continente Sonae Imobiliária Capital Wood Based Food Retail Shopping Centres Telecommunications Services (5) Products Non Food Retail Packaging Pulp&Paper S. I. PROPERTY S. I. DEV

  3. Slide 3: Sonae SGPS portfolio management approach

    SONAE SGPS Sonae SGPS manages a portfolio of diversified businesses by setting strategic guidelines and objectives, monitoring their performance, fostering synergies between them and identifying new business opportunities This is done by developing a balanced portfolio between mature businesses with

  4. Slide 4: Sonae Indústria

    sonae indústria

  5. Slide 5: Indústria Global Presence: 36 production sites in 8 countries

    SONAE INDÚSTRIA GLOBAL PRESENCE 36 Production sites in 8 Countries Canada Portugal United France Particle Board Kingdom Particle Board Particle Board Surfaced Board MDF MDF Particle Board Surfaced Board Surfaced Board Surfaced Board High Pressure Laminates Soft Board OSB Germany Particle Board MDF B

  6. Slide 6: Indústria Wood Based Products in Figures

    SONAE INDÚSTRIA WOOD BASED PRODUCTS IN FIGURES Turnover EBITDA 400 45 43,4 386 380 41,4 375 369 39,7 40 356 350 35,7 euros millions euros millions 336 35 32,8 325 30 300 25 275 250 20 1Q'03 2Q'03 3Q'03 4Q'03 1Q'04 1Q'03 2Q'03 3Q'03 4Q'03 1Q'04 Panels Production Capacity (‘000 cbm/year)* Capacity Uti

  7. Slide 7: Sonae Distribuição

    ye SONAE DISTRIBUIGAO Je)at-(-5 GIStriIDUICAO

  8. Slide 8: Distribuição Portugal - Retail Market

    SONAE DISTRIBUIÇÃO PORTUGAL - RETAIL MARKET Leader • 1,157 M. € of Gross Sales • 15 stores • 136,000 sqm Food Based Formats Sub-leader ƒ 2,251 M. € of Gross Sales • 1,012 M. € of Gross Sales ƒ 106 stores • 65 stores • 140,000 sqm ƒ 297,000 sqm New entrant • 82 M. € of Gross Sales • 26 stores • 21,00

  9. Slide 9: Distribuição Brazil - Retail Market

    SONAE DISTRIBUIÇÃO BRAZIL - RETAIL MARKET Southern Leader States Hipers • 28 stores Main Southern Brazil Operators Market Share – 31 December 2003 • 165,000 sqm Supers 30% • 90 stores • 120,000 sqm 2.7 x 3.3 x 5.0 x 6.0 x Electronics * • 10 stores • 8,000 sqm Wholesale Sonae 2nd 3rd 4th 5th • 12 sto

  10. Slide 10: Distribuição Retail in Figures

    SONAE DISTRIBUIÇÃO RETAIL IN FIGURES Gross Sales EBITDA Margin (%) (Million Euro) 4,319 * 4,308 4,136 4,069 3,984 8.8% 8.4% 8.4% 8.3% 2000 2001 2002 2003 2000 2001 2002 2003 * At constant exchange rates Sales Area (‘000 sqm) Number of Stores 846 860 860 760 427 435 413 372 2000 2001 2002 2003 2000 2

  11. Slide 11: Sonae Imobiliária

    SONAE IMOBILIARIA sonae ile dilelar:

  12. Slide 12: Imobiliária Shopping Centres

    SONAE IMOBILIÁRIA SHOPPING CENTRES Currently, Sonae Imobiliária… … owns or co-owns… 30 Shopping Centres, equal to 1.2 million sqm of GLA 18 in Portugal (14 Shopping Centres, 2 Retail Parks and 2 Galleries) (668 thousand sqm) 6 in Spain (312 thousand sqm) 6 in Brazil (222 thousand sqm) … manages… a t

  13. Slide 13: Imobiliária Shopping Centres in Figures

    SONAE IMOBILIÁRIA SHOPPING CENTRES IN FIGURES (a) Market Value of Investments Net Profits after Min. Int. (Million Euro) (Million Euro) 209 2,868 2,561 144 1,944 121 1,582 1,480 1,471 1,064 854 63 2000 2001 2002 2003 2000 2001 2002 2003 Total Value Sonae Imobiliária Total Managed GLA (000’s sqm) Ten

  14. Slide 14: Sonae Com

    sonae com

  15. Slide 15: Com Business Portfolio

    SONAE COM BUSINESS PORTFOLIO Mobile 3rd Mobile Operator Fixed 1st Altnet Provider Leading Reference Software & Media and Internet Newspaper Systems Integration 1st Narrowband ISP By the end of 2003, Sonaecom had 2.7 million customers and generated 5.9 billion minutes of voice, data and internet traf

  16. Slide 16: Sonaecom in Figures

    SONAE COM SONAECOM IN FIGURES (a) Million Euro Turnover EBITDA 146 838 789 733 72 2001 2002 2003 2001 2002 2003 (55) Free Cash-Flow Gross Investment 35 197 2001 2002 2003 (55) 127 123 2001 2002 2003 (268) (a) Sonaecom presented in 2003, for the first time, its consolidated financial statements in ac

  17. Slide 17: Sonae Capital

    sonae capital

  18. Slide 18: Capital Aggregate Figures

    SONAE CAPITAL AGGREGATE FIGURES Million Euro Refrigeration, Air Conditioning Turnover and Cleaning Services Transport and 6% Logistics 662 6% 684 626 710 553 653 Plywood1 Glass 554 7% Containers Residential 26% Development 1% 2000 2001 2002 2003 Construction, Energy and Car Hire and EBITDA Engineeri

  19. Slide 19: Consolidated Highlights

    sonae sgps CONSOLIDATED HIGHLIGHTS * * Data as of 31 December 2003

  20. Slide 20: Sonae SGPS Turnover

    SONAE SGPS TURNOVER Million Euro SECTOR AND GEOGRAPHICAL BREAKDOWN 6,579 ** Retail 6,386 6,276 6,260 57% 5,751 5,202 Portugal 63% Brazil 20% Shopping Centres 4% Telecom. 12% Rest of 1,514 Europe 1,423 Sonae 14% Wood Capital & Rest of Based Holding the World Products 5% 3% 1999 * 2000 2001 2002 2003

  21. Slide 21: Sonae SGPS EBITDA

    SONAE SGPS EBITDA Million Euro SECTOR BREAKDOWN 155 Wood Based 655 ** 649 637 Products 174 604 546 301 Retail 439 297 Shopping 72 Centres 82 132 Telecom. 138 92 123 -5 Sonae Capital 1999 * 2000 2001 2002 2003 1Q 04 e Holding 4 * Pro-forma accounts considering the merger between Sonae Investimentos a

  22. Slide 22: Net Profit After Minority Interests

    SONAE SGPS NET PROFIT AFTER MINORITY INTERESTS Million Euro 256 100 89 55 8 15 -56 1999 * 2000 2001 2002 2003 1Q 04 * Pro-forma accounts considering the merger between Sonae Investimentos and Inparsa # 21

  23. Slide 23: Sonae SGPS Total Assets

    SONAE SGPS TOTAL ASSETS Million Euro SECTOR BREAKDOWN 8,281 7,874 7,968 Shopping 7,675 Centres 16% 5,925 Retail 28% Telecom. 18% Wood Based Sonae Capital Products and Holding 756 ** 27% 11% 1999 * 2000 2001 2002 2003 * Pro-forma accounts considering the merger between Sonae Investimentos and Inparsa

  24. Slide 24: Sonae SGPS Gross Investment

    SONAE SGPS GROSS INVESTMENT Million Euro SECTOR AND GEOGRAPHICAL BREAKDOWN 1,684 Shopping 1,594 Centres 1,509 43% Telecom. 19% 744 666 Retail Sonae Capital 19% and Holding 1999 * 2000 2001 2002 2003 10% Wood Based Panels 9% * Pro-forma accounts considering the merger between Sonae Investimentos and

  25. Slide 25: Net Debt

    SONAE SGPS NET DEBT Million Euro SECTOR BREAKDOWN 3,497 Shopping Centres Telecom. 3,294 10% 16% 2,574 2,438 2,371 Retail 23% Sonae Capital and Holding 25% Wood Based 1999 * 2000 2001 2002 2003 Panels 26% * Pro-forma accounts considering the merger between Sonae Investimentos and Inparsa # 24

  26. Slide 26: Capital Market Evolution

    SONAE SGPS CAPITAL MARKET EVOLUTION Total Return for Shareholders INDEX (Basis=100) Sonae SGPS PSI 20 7.000 6.577 6.000 5.000 3.924 E u r o m illio n 4.000 3.303 3.000 2.000 2.179 1.000 625 486 459 353 0 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 17.5% Sonae SGPS Total Return for Sharehol

  27. Slide 27: Strategic Guidelines

    sonae sgps STRATEGIC GUIDELINES

  28. Slide 28: Group Strategic Priorities

    SONAE SGPS SONAE GROUP STRATEGIC PRIORITIES ƒ Strengthen the financial structure of the Group Reduce net debt of the holding company Improve cash-flow generation Divest from non strategic assets Refinance and extend debt maturity More efficient use of capital employed Re-define positioning in the Eq

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