More information is available at https://www.magnit.com/en/media/press-releases/magnit-completes-acqusition-of-dixy/ FY 2021 Guidance
Magnit confirms its full year store opening, redesign and capex guidance published on February
4th, 2021.
2,000 In 2021 Magnit plans to open around 2,000 stores of different format on a gross basis as part
of its organic expansion and redesign about 700 stores. Capital expenditures is expected to be
stores on gross basis approximately RUB 60-65 billion[10].
to be opened by magnit
organically in 2021 Based on further detailed analysis of the performance of newly acquired Dixy stores, respective
instruction of the Federal Antimonopoly Service[11] and overlap with existing network, the
Company may potentially take a decision to slightly adjust its organic store opening program in
the respective regions. It is expected that any adjustment will not lead to material impact on
the Company's development plans.
Note: 1. This announcement contains inside information disclosed in accordance with the Market Abuse Regulation effective
from July 3, 2016. 2. Please note that there may be small variations in calculation of totals, subtotals, and/or percentage change due to
rounding of decimals.
For further information, please contact:
Dina Chistyak
Director for Investor Relations
dina_chistyak@magnit.ru
Office: +7 (861) 210 9810 x 15101
Media Inquiries Twitter
press@magnit.ru @MagnitIR
Note to editors
Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of June 30, 2021, Magnit operated 39
distribution centers and 22,344 stores (15,348 convenience, 469 supermarkets and 6,527 drogerie stores)
in 3,802 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS 16 management accounts results for 1H 2021, Magnit had revenues of
RUB 822.2 billion and an EBITDA of RUB 94.4 billion. Magnit's local shares are traded on the Moscow
Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating
from Standard & Poor's of BB.
Forward-looking statements
This document contains or may contain forward-looking statements that may or may not prove accurate. For
example, statements regarding expected sales growth rate and/or store openings are forward-looking
statements. Forward-looking statements involve known and unknown risks, uncertainties and other important
factors that could cause actual results to differ materially from what is expressed or implied by the
statements. Any forward-looking statement is based on information available to Magnit as of the date of
the statement. All written or oral forward-looking statements attributable to Magnit are qualified by
this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement
to reflect any change in circumstances. APPENDIX 2Q and 1H 2021 Store Openings
2Q 2021 2Q 2020 Change Change, % 1H 2021 1H 2020 Change Change, %
Store Openings (Gross) 519 177 342 193.2% 926 498 428 85.9%
Convenience Stores 308 94 214 227.7% 549 239 310 129.7%
Supermarkets 1 1 0 0.0% 2 1 1 100.0%
Drogerie Stores 210 82 128 156.1% 375 258 117 45.3%
Store Closures 75 143 -68 -47.6% 146 329 -183 -55.6%
Convenience Stores 58 107 -49 -45.8% 112 280 -168 -60.0%
Supermarkets 3 1 2 200.0% 3 2 1 50.0%
Drogerie Stores 14 35 -21 -60.0% 31 47 -16 -34.0%
Store Openings (Net) 444 34 410 n/a 780 169 611 361.5%
Convenience Stores 250 -13 263 n/a 437 -41 478 n/a
Supermarkets -2 0 -2 n/a -1 -1 0 0.0%
Drogerie Stores 196 47 149 317.0% 344 211 133 63.0% 2Q 2021 Monthly Operating Results
April Change May Change June Change
Total net retail sales, RUB million 135,377 8.4% 139,472 9.3% 138,844 9.6%
Convenience Stores 106,195 7.8% 109,283 10.1% 108,998 11.2%
Supermarkets 17,315 4.1% 17,423 3.4% 16,774 1.6%
Drogerie Stores 10,954 22.3% 11,972 12.7% 12,314 9.0%
Other formats 913 5.1% 794 -3.0% 758 -8.1%
Number of tickets, million 401 19.2% 421 14.4% 421 8.6%
Convenience Stores 339 19.3% 356 15.1% 356 9.2%
Supermarkets 28 18.0% 29 10.3% 28 2.8%
Drogerie Stores 31 21.3% 34 12.9% 34 10.0%
Other formats 2.4 -4.4% 2.2 -10.7% 2.1 -16.8%
Average ticket[12], RUB 337 -9.1% 332 -4.4% 330 0.9%
Convenience Stores 313 -9.6% 307 -4.4% 306 1.8%
Supermarkets 613 -11.8% 601 -6.2% 593 -1.2%
Drogerie Stores 351 0.8% 357 -0.2% 359 -0.9%
Other formats 354 6.2% 353 9.3% 360 12.3%
Number of Stores (EOP) 21,981 n/a 22,099 n/a 22,344 n/a
Convenience Stores 15,159 n/a 15,218 n/a 15,348 n/a
Supermarkets 469 n/a 469 n/a 469 n/a
Drogerie Stores 6,353 n/a 6,412 n/a 6,527 n/a
Store Openings (Gross) 107 n/a 141 n/a 271 n/a
Convenience Stores 77 n/a 78 n/a 153 n/a
Supermarkets 0 n/a 1 n/a 0 n/a
Drogerie Stores 30 n/a 62 n/a 118 n/a
Store Closures 26 n/a 23 n/a 26 n/a
Convenience Stores 16 n/a 19 n/a 23 n/a
Supermarkets 2 n/a 1 n/a 0 n/a
Drogerie Stores 8 n/a 3 n/a 3 n/a
Store Openings (Net) 81 n/a 118 n/a 245 n/a
Convenience Stores 61 n/a 59 n/a 130 n/a
Supermarkets -2 n/a 0 n/a 0 n/a
Drogerie Stores 22 n/a 59 n/a 115 n/a
Total Selling Space (EOP), th. sq. m. 7,631 4.7% 7,669 5.2% 7,748 6.3%
Convenience Stores 5,194 4.8% 5,220 5.3% 5,275 6.4%
Supermarkets 941 -0.2% 943 0.0% 943 -0.1%
Drogerie Stores 1,465 9.0% 1,477 9.4% 1,500 11.2%
Other formats 31 -23.2% 30 -26.4% 30 -26.9%
Selling Space Added (Net), th. sq. m. 24.9 n/a 38.1 n/a 79.4 n/a
Convenience Stores 24.8 n/a 25.5 n/a 55.9 n/a
Supermarkets -2.1 n/a 1.6 n/a 0.0 n/a
Drogerie Stores 4.9 n/a 12.0 n/a 23.5 n/a
Other formats -2.8 n/a -0.9 n/a 0.0 n/a Financial Results for 2Q and 1H 2021 (IFRS 16)
RUB mln 2Q 2021 2Q 2020 Change 1H 2021 1H 2020 Change
Total Revenue 424,341 387,323 9.6% 822,230 763,361 7.7%
Retail 413,693 379,174 9.1% 801,592 743,959 7.7%
Wholesale 10,648 8,149 30.7% 20,638 19,403 6.4%
Gross Profit 99,513 94,337 5.5% 192,586 179,522 7.3%
Gross Margin, % 23.5% 24.4% -91 bps 23.4% 23.5% -9 bps
SG&A, % of Sales -18.8% -19.0% 15 bps -18.9% -19.1% 15 bps
EBITDA pre LTI[13] 49,586 48,138 3.0% 95,038 88,194 7.8%
EBITDA Margin pre LTI, % 11.7% 12.4% -74 bps 11.6% 11.6% 1 bps
EBITDA 49,236 48,133 2.3% 94,363 87,845 7.4%
EBITDA Margin, % 11.6% 12.4% -82 bps 11.5% 11.5% -3 bps
EBIT 25,947 25,365 2.3% 49,107 42,772 14.8%
EBIT Margin, % 6.1% 6.5% -43 bps 6.0% 5.6% 37 bps
Net Finance Costs -10,438 -11,118 -6.1% -20,601 -22,994 -10.4%
FX Gain/ (Loss) 666 1,097 -39.3% 454 -920 -149.4%
Profit before Tax 16,175 15,344 5.4% 28,959 18,858 53.6%
Taxes -3,629 -3,174 14.3% -6,660 -4,359 52.8%
Net Income 12,546 12,170 3.1% 22,300 14,500 53.8%
Net Income Margin, % 3.0% 3.1% -19 bps 2.7% 1.9% 81 bps ----------------------------------------------------------------------------------------------------------------------- [1] LFL calculation base includes stores, which have been operating for 12 months since its first day of sales. LFL sales growth and average ticket growth are calculated based on sales turnover including VAT.
[2] Convenience Stores include convenience stores and small pilots such as Magnit City and My Price
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