Metro : Q3 2016/17 Pressepräsentation

31. August 2017 // 1

CECONOMY AG

Ergebnispräsentation Q3 2016/17

Düsseldorf, 31. August 2017

DISCLAIMER AND NOTES

This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral presentation of the slides by representatives of CECONOMY AG, any question-and-answer session that follows the oral presentation, hard copies of the slides as well as any additional materials distributed at, or in connection with this presentation. By attending the meeting (or conference call or video conference) at which the presentation is made, or by reading the written materials included in the presentation, you (i) acknowledge and agree to all of the following restrictions and undertakings, and (ii) acknowledge and confirm that you understand the legal and regulatory sanctions attached to the misuse, disclosure or improper circulation of the presentation.

To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements. All forward-looking statements herein are based on certain estimates, expectations and assumptions at the time of publication of this presentation and there can be no assurance that these estimates, expectations and assumptions are or will prove to be accurate. Furthermore, the forward-looking statements are subject to risks and uncertainties including (without limitation) future market and economic conditions, the behaviour of other market participants, investments in innovative sales formats, expansion in online and multichannel sales activities, integration of acquired businesses and achievement of anticipated cost savings and productivity gains, and

the actions of public authorities and other third parties, many of which are beyond our control, that could cause actual results, performance or financial position to differ materially from any future results, performance or financial position expressed or implied in this presentation

Accordingly, no representation or warranty (express or implied) is given that such forward-looking statements, including the underlying estimates, expectations and assumptions, are correct or complete. Readers are cautioned not to place reliance on these forward-looking statements. See also "Risk and Opportunity Report" in METRO GROUP's most recent Annual Report for risks as of the date of such Annual Report. We do not undertake any obligation to publicly update any forward-looking statements or to conform them to events or circumstances after the date of this presentation.

This presentation is intended for information only, does not constitute a prospectus or similar document and should not be treated as investment advice. It is not intended as an offer for sale, or as a solicitation of an offer to purchase or subscribe to, any securities in any jurisdiction. Neither this presentation nor anything contained therein shall form the basis of, or be relied upon in connection with, any commitment or contract whatsoever. CECONOMY AG assumes no liability for any claim which may arise from the reproduction, distribution or publication of the presentation (in whole or in part).

Historical financial information contained in this presentation is mostly based on or derived from the consolidated (interim) financial statements for the respective period. Financial information with respect to the business of MediaMarktSaturn Retail Group is particularly based on or derived from the segment reporting contained in these financial statements.

Such financial information is not necessarily indicative for the operational results, the financial position and/or the cash flow of the

CECONOMY AG business on a stand-alone basis neither in the past nor in the future and may, in particular, deviate from any historical financial information based on corresponding combined financial statements with respect to the CECOMOMY AG business. Given the aforementioned uncertainties, (prospective) investors are cautioned not to place undue reliance on any of this information. In addition, the figures have not been audited and may also deviate substantially from (segmental or other) information in the consolidated financial statements of CECONOMY AG in future, thus, may not be fully comparable to such financial statements. No representation or warranty is given and no liability is assumed by CECONOMY AG, express or implied, as to the accuracy, correctness or completeness of the information contained in this presentation.

This presentation contains certain supplemental financial or operative measures that are not calculated in accordance with IFRS and are therefore considered as non-IFRS measures. We believe that such non-IFRS measures used, when considered in conjunction with (but not in lieu of) other measures that are computed in accordance with IFRS, enhance the understanding of our business, results of operations, financial position or cash flows. There are, however, material limitations associated with the use of non-IFRS measures including (without limitation) the limitations inherent in the determination of relevant adjustments. The non-IFRS measures used by us may differ from, and not be comparable to, similarly-titled measures used by other companies. Detail information on this topic can be found in METRO GROUP's Annual Report 2015/16, pages 54- 55, and the footnotes to the tables on pages 102-103.

All numbers shown are before special items, unless otherwise stated. All amounts are stated in million euros (€ million) unless otherwise indicated. Amounts below €0.5 million are rounded and reported as

0. Rounding differences may occur.

Ergebnispräsentation Q3 2016/17

Öffentlich

31. August 2017

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31. August 2017 // 3

01

Highlights und strategische Initiativen

Pieter Haas, Vorstandsvorsitzender

Q3 16/17

-61

-26 -83

Q3 15/16 Q3 16/17 Q3 15/16 Q3 16/17

Q3 15/16

-150

Q3 16/17

Solide Entwicklung bei Umsatz und EBITDA/EBIT, leicht höherer Abfluss beim Net Working Capital

(Mio. €)

+1,1 %

(Mio. €)

+22

+23

(Mio. €)

-27

4.739

4.689

-4

-123

Q3 15/16

Umsatz

// Gesamtumsatz unterstützt von starkem Anstieg des flächenbereinigten Umsatzes um +2,7 %

// Deutschland, Spanien und Türkei beim

Umsatzwachstum führend

// Umsatzrückgang in Italien, der Schweiz & Russland

// Onlineumsatz erneut wesentlicher Treiber mit +16 %

// Services & Solutions-Umsätze um 2 % gestiegen

EBITDA Veränderung des Net Working Capital

// Höhere Forderungen aufgrund des Wachstums im Kommissionsgeschäft führen in Q3 zu einer leichten Verschlechterung bei der Veränderung des Net Working Capital

// Im 9-Monats-Zeitraum ist der Abfluss im Net Working Capital um 200 Mio. € niedriger; vor allem aufgrund von höheren Verbindlichkeiten und niedrigeren Forderungen aus Lieferungen und Leistungen

EBIT

// Verbesserung der Bruttomarge um

0,7 Prozentpunkte

// Höhere Profitabilität dank starkem Onlinewachstum, strikter Kostendisziplin und fokussierten Marketingausgaben

// Deutschland und Spanien führend, auch in der Türkei positive Entwicklung

// Rückläufige Ergebnisse in Italien und Russland

Hinweis: EBITDA/EBIT vor Sonderfaktoren. Net Working Capital = Netto-Betriebsvermögen gem. Kapitalflussrechnung

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