Golden Eagle Retail : Presentation 2021 Annual Results

Operating

Data

Highlights in 2021

Adhere to steady and high-quality development, with a steady increase in Retail EBITDA and customer traffic

Retail GSP		Retail EBITDA		Customer Traffic

RMB17.0B RMB2.7B 189.8M

	yoy vs. 2020	5.2%					yoy vs. 2020	10.5%				yoy vs. 2020			26.1%
	yoy vs. 2019	2.0%					yoy vs. 2019	14.8%				yoy vs. 2019			0.3%
		Half-yearly Retail GSP			Half-yearly Retail EBITDA			Half-yearly Customer Traffic
RMB'B						17.4	17.0			RMB'M										2,678			People'M								189	190
							16.2												2,333	2,423
																																			150
8.9	9.3	8.5	9.2									1,432		1,353	1,246			92	98	97	92	92
7.7			1,200	1,070	1,133
		7.0
																												58
																												1H			2H			Full Year
		1H			2H		Full Year				1H					2H			Full Year
				2019		2020		2021									2019		2020			2021								2019		2020		2021

• Despite volatile pandemic situation and sporadic outbreaks during the year, overall performance in 2021 remained stable and recorded a yoy increase compared to 2020.
• Retail GSP in FY20215.2% yoy vs. FY2020, while Retail GSP in 2H2021 16.5% yoy due to multiple outbreaks in the Jiangsu region such as Nanjing and Yangzhou.
• Retail EBITDA in FY2021 10.5% and 14.8% vs. FY2020 and FY2019, respectively.
• Customer Traffic in FY202126.1% and0.3% vs. FY2020 and FY2019, respectively, gradually recovered to pre-pandemic levels.

3

Business

Review

High-quality Development and Brand Upgrade

- Reshape Merchandising

Under the volatile pandemic situation and multiple outbreaks during the year, continued to carry out merchandising adjustments and strengthen cooperation with various brands to make their debuts in the region and with benchmark brands for flagship store openings

Adjusted area 367Ksq.m.

accounting for 30.3% of total counter area

（1H2021: 12.3%; 2H2021: 18.0%）

Upgraded/Adjusted Brands

2,673

（1H2021: 1,026; 2H2021: 1,647）

Occupancy Rate

94.5%

5