Golden Eagle Retail : Presentation_2021 Interim Results

Operating

Data

Highlights in 1H2021

Pressing on steady and high-quality development,

Achieving steady increase in sales and foot traffic

Retail GSPRetail EBITDAFoot Traffic

		RMB9.3B					RMB1.4B				98.3M
	yoy vs. 2020	33.8%				yoy vs. 2020	33.8%					yoy vs. 2020	68.2%
		yoy vs. 2019	5.5%					yoy vs. 2019	19.3%					yoy vs. 2019	7.1%
			Quarterly GSP					Quarterly Retail EBITDA				Quarterly Foot Traffic
RMB'B									9.3			RMB'M											People'M
							8.9
																																		92	98
							7.0											1,432
																				1,200
5.0	5.1																1,070												58
							4.2																								50
		3.9	3.9								758							47	48	45
							656			674
		3.1										544	559										35
												511								23
		Q1	Q2			1H					Q1					Q2			1H				Q1			Q2	1H
				2019		2020			2021								2019		2020			2021							2019			2020		2021

• With orderly marketing and promotion rhythm, operating results as compared to 1H2020 and 1H2019 increased steadily

•	Retail GSP in 1Q2021 63.4% and 2.6% yoy vs. 1Q2020 and 1Q2019 while Retail GSP in 2Q2021 9.9% and 9.1% yoy vs.
	2Q2020 and 2Q2019, respectively
•	Retail EBITDA in 1Q2021 48.4% and 15.7% vs. 1Q2020 and 1Q2019 while Retail EBITDA in 2Q2021 20.5% and 23.8%
	yoy vs. 2Q2020 and 2Q2019, respectively

3

Business

Review

High-quality Development and Upgrading

- Remodel Merchandising

Continuous Introduction of Debut Stores and Benchmark Brand Flagship Stores

Adjusted area 142Ksq.m.

representing 12.3% of total counter area

Upgraded/Adjusted Brands

1,026

Occupancy Rate 96%

increased to 1.5%YOY growth in 2Q2021

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