Ceconomy : Results Presentation Q4/FY 2022/23 (Englisch)

Results Presentation

Q4/FY 2022/23

18 December 2023

Results Presentation Q4/FY 2022/23 on 18 December 2023	2

Disclaimer

• Please note that the figures for our operations in Sweden (with the transaction concluding on 1 August) and Portugal (concluding on 30 September) are still included in our reported figures. However, they are not included in the key KPIs relevant for guidance, i.e., sales adjusted for currency and portfolio changes as well as adjusted EBIT.
• Considering the significant technical effect of IAS 29 (Financial Reporting in Hyperinflationary Economies) on sales in Türkiye, we will focus our commentary on business dynamics prior to the application of IAS29.
• For further details, please see the Appendix.

1. Business update

1. Financial performance III. Outlook and summary

Agenda

Results Presentation Q4/FY 2022/23 on 18 December 2023	4

12 months ago, the market was full of uncertainty

Geopolitical tension		Increasing energy		Economic slowdown		Low consumer
and war in Ukraine		prices		and rising inflation		confidence

Results Presentation Q4/FY 2022/23 on 18 December 2023	5

But we made exceptional operational progress

We improved our	We grew new	We transformed our	We remained strongly
core business	businesses	business further	employee & customer
			focused

• Leaner and more efficient organization
• Resilience: Stable market share in a declining market (-3%1in 2022/23)

• Good growth in Services & Solutions
• Modernization of our store network
• Strong growth in Marketplace and Retail Media

/	Tech journey accelerated	/300bp increase in NPS
/	Key logistics milestones	/Store staff training
	reached	accelerated

• Scope 1 & 2 emission targets for 2031 reached ahead of plan

1Excluding Türkiye and Sweden.

Results Presentation Q4/FY 2022/23 on 18 December 2023	6

In a fragmented market, we stand out of the crowd

Strong brand awareness

>70% unaided awareness

Strengthened industry relationship

Strong momentum of Marketplace and Retail Media products

Sustainability at our core

Trade-in offers well received by customers, 219,000 devices collected

Service Platform gaining momentum

Positive trends highlighted by our 9 key KPIs

Omnichannel leadership

50k tech-savy employees

Presence

Market leader in 9 out of 11 countries

Results Presentation Q4/FY 2022/23 on 18 December 2023	7

The execution of our strategy is paying off

• Stable market share(+0.1%1) in a declining consumer electronics market (-3.0%1)
• 4.7%2sales growthdriven by strong like-for-like growth
• Strong increase in adj. EBIT3due to operational improvements and efficiency gains
• Reported EBITimpacted by our portfolio clean-up and Fnac (-€82 m impairment and -€50 m net loss share)
• Better than expected FCFof €257 m thanks to strong stock management
• Adjusted EPSdecline limited
• Robust NPS increase to 53, continued improvement in the customer journey

Key financial figures

	FY 2021/22	FY 2022/23	Change
Net sales	€21.8 bn	€22.2 bn	+4.7%2
Adjusted EBIT3	€208 m	€243 m	+17%
Reported EBIT	€105 m	-€21 m	-€127 m
Free Cash Flow	-€623 m	€257 m	+€880 m
Adjusted EPS4	€0.13	€0.08	-€0.05
Reported EPS	€0.31	-€0.08	-€0.39
NPS	50	53	+3

1Excluding Sweden and Türkiye. 2Adjusted for FX and portfolio effects.

3Excluding associates, adjusted for portfolio changes, pre-IAS 29 and excluding non-recurring effects. 4Excluding associates, adjusted for portfolio changes and impairment, pre-IAS 29 and with normalized tax effect in PY.

Results Presentation Q4/FY 2022/23 on 18 December 2023	8

Our strategy is based on four strategic pillars

"We Create

EXPERIENCE ELECTRONICS

to Enrich

People's Life "

Employee experience

Shopping experience

Usage experience

Impact experience

"Front-line first

delivering great Engaging employees and customers customer experience"

"Mobile-first	Omnichannel Excellence growing online
omnichannel"	and transforming our store portfolio

"Growing lifecycle	Creating stickiness offering customers
services"	services along the entire lifecycle

"Sustainability as part	Climate-neutral shopping experience
of the core"	and broad range of sustainable products

Results Presentation Q4/FY 2022/23 on 18 December 2023	9

We are moving away from CE retail to a retail Service Platform with multiple business models

>2.2 bn annual customer contacts

>

>

			"Omnichannel Touchpoints"				"The Next
						Big Thing"
Stores	Online	App	Direct	Contact	Social	…
					Center	Media
			Retail Core
Services &	Marketplace	Private Label	Space-as-a-		Retail Media
Solutions	Service

Omnichannel Supply Chain | Tech Stack | People | Sustainability

Results Presentation Q4/FY 2022/23 on 18 December 2023	10

We have made good progress on our key pledges in FY 2022/23

Business fields	KPI	FY 2021/22		Progress FY 2022/23		FY 2025/26
Retail Core	Loyalty members	34 m		39 m		50 m
Retail Core	Online share1	25%		23%		c. 30%
Retail Core	Modernization rate	30%		50%		>90%
Retail Core	Stock reach progress2	10.3 weeks		9.1 weeks (-11%)		-10%
Space-as-a-Service	# Lighthouses	6		8		Up to 20
Services & Solutions	Income in % of total sales3	4.5%		4.5%		c. 5.5%
Marketplace	GMV	€65 m		€137 m		€750 m
Private Label	Private Label share	2.3%		2.4%		c. 5%
Retail Media	Income	c. €5 m		€18 m		c. €45 m

1Online share based on 1P and 3P online sales. 2Compared to FY 21/22. 3Operational Services & Solutions income in % of total net sales (excluding e.g., Retail Media, Marketplace commissions & fees, deliveries).