Eurocash Group

Consolidated 4Q&2022 Financial Results

Agenda

Executive summary 3

Macro environment

Market conditions 6

Wholesale segment 10

Retail segment 14

Projects segment 18

Consolidated financial results 22

Quarterly sales and gross margin evolution

LfL

5,2%

Quarterly EBITDA and normalized

EBITDA margin evolution m PLN 3,9%

1Q'21

2Q'21

3Q'21

4Q'21

1Q'21

2Q'21

3Q'21

4Q'21

1Q'21

2Q'21

3Q'21

4Q'21

Gross margin

EBITDA margin

Sales of 50 closed stores

EBITDA of 50 closed storeswrite-off 50 closed storesArhelan EBITDA

01. Executive summary 4Q&FY2021

Group sales increased by 3.5% in 2021 YoY

Normalized EBITDA at PLN 782m and PLN 708 m reported incl. write-offs in retail segment

Wholesale - stable growth despite weak market conditions in 1HY

  • Cash&Carry annual sales drop covered by Distribution and Tobacco

  • +PLN 1 bn sales increase via eurocash.pl YoY

2021

Sales

+2% YoYEBITDA +6% YoY

4Q 2021

Sales

+7% YoYEBITDA +12% YoY

Projects - Frisco and Duży Ben strong expansion

  • Frisco in 3City, Katowice, Kraków and Silesia in 4Q'21

  • Frisco 2021 WAW LfL +15.8%

  • Duży Ben with 204 stores at the end of 2021

Sales

+77% YoYEBITDA -34% YoY

Sales EBITDA

+39% YoY -18% YoY

*w/o Arhelan EBITDA

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Eurocash SA published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 12:04:56 UTC.