Golden Eagle Retail : Presentation_2022 Annual Results

Operating

Performance

Highlights in 2022

• Adhere to steady and high-quality development

Retail GSP

RMB14.7B

yoy vs. 2021 13.7%

			Retail GSP
RMB'B	4.4 4.7
4.4
3.7 3.5										3.5 3.3
3.1	3.0
							2.5
							1.5
										0.9
	Jan - Feb Mar - May	Jun - Sep Oct - Nov	Dec	Jan - Feb
			2021			2022			2023

Retail EBITDA

RMB2.5B

yoy vs. 20217.6%

Retail EBITDA

RMB'M
		666	712 772
558 541		549		502					541 531
						434
								240 179
	Jan - Feb	Mar - May Jun - Sep Oct - Nov	Dec		Jan - Feb
				2021		2022			2023

Customer Traffic

160M

yoy vs. 2021 13.5%

Customer Traffic

People'M
		55.659.8
		48.7
32.335.6	31.2	33.0				35.633.6
					25.7		17.2
										9.2
	Jan - Feb Mar - May	Jun - Sep Oct - Nov	Dec		Jan - Feb
				2021			2022		2023

• Due to volatile pandemic situation and sporadic outbreaks during the year, overall performance in 2022 recorded a yoy decrease to different extent compared to 2021.
• Due to the pandemic in Shanghai and Jiangsu Province, some of the Group's stores temporarily shortened their opening hours and/or were closed, resulting in a significant decrease in customer traffic and retail sales from March to May 2022. As the pandemic situation gradually improved from June onwards, retail sales increased significantly in June to September 2022.
• With the anti-epidemic situation entering into a new phase in December, overall performance, yet affected in December, began to gradually improve in January 2023.

3

Business

Review

Response to COVID-19 Corporate Responsibility

Social Responsibility

• Operating stores in an orderly manner and protecting its employees during the pandemic while ensuring the steady supply of daily necessities.
• Carrying out various public welfare activities to fulfill corporate social responsibility and to care for society.

Resuming work in an orderly manner,

caring for employees,

and fighting against the pandemic

Ensuring supply, price stability and safety

during pandemic

Assisting in the set up of nucleic acid testing centres in response to the pandemic as new normal

Providing customers and merchants

with anti-pandemic supplies

Organising various public welfare activities to

bring positive energy to the society

Support for Merchants

• Adhering to the concept of mutual assistance, mutual trust and win-win situation in society, the Group had launched various measures and policies to assist merchants and business partners overcome the difficulties together.

Rent Reduction by 50%		Payments by Installments
Reduced rent by 50% during the		Adjusted rental prepayments
suspension of operation		from quarterly to monthly to
		ease rental pressure on tenants
Property Management Fee		Extra Support
Reduction by 50%
	Provided extra supports to merchants
Reduced property management
	who were facing difficulties and/or
fee by 50% during the suspension
	forced to suspend business during
of operation
	the pandemic outbreak

Lower the Guaranteed Sales Target

Lowered the guaranteed sales target (合同保底) for concessionaire merchants

2000+ Merchants

with total subsidies amounted to

RMB80M

5