Jerónimo Martins SGPS S A : First Half 2021 Results Presentation
July 29, 2021 at 04:17 am EDT
Share
RESULTS
FIRST
HALF
2021
FIRST HALF RESULTS RELEASE HERE
ADDITIONAL INFORMATION RELATING TO THE PERIOD HERE
JULY 29, 2021
This presentation includes in the Appendix, for comparison purposes, the Financial Statements excluding the effect of the IFRS16
Introductory note
2
INDEX
2021 H1 HIGHLIGTHS
2021 H1 | THE OPERATING CONTEXT
KEY FIGURES
Income Statement
Cash Flow
Balance Sheet
Capex
SALES PERFORMANCE
Group
Biedronka
Hebe
Pingo Doce
Recheio
Ara
EBITDA
EBITDA Performance
EBITDA Margin
2021 H1 | SUMMARY
APPENDIX
OUTLOOK 2021
FINANCIAL STATEMENTS
3
0. 2021 H1 | HIGHLIGHTS (1/3)
Competitive value propositions and adjusted business models delivered higher sales and EBITDA in each region
Sales up by 6.3%
(+8.8% in local
currencies)
Biedronka guaranteed the preference of consumers during the entire period and accelerated growth in Q2. Our main banner leveraged on a favourable combination of factors - positive consumer demand, following the reopening of the country after a very difficult pandemic period, and nice weather - by successfully adjusting its offer and executing effective commercial campaigns
Distribution in Portugal with higher sales and EBITDA in H1 with Pingo Doce and Recheio returning to growth in Q2 as restrictions and comps eased
EBITDA up
by 12.6%
(+15.5% in local
currencies)
Ara with a consistent good delivery in the six months, both on top line and at the EBITDA level, despite the challenging socioeconomic backdrop
EBITDA growth ahead of sales due to sound LFL (which drove operational leverage), to assertive margin-mix management and to good delivery from efficiency programmes
4
0. 2021 H1 | HIGHLIGHTS (2/3)
Competitive value propositions and adjusted business models delivered higher sales and EBITDA in each region
Solid steps
on our
responsibility
path
Increased the number of employees on permanent contracts in the Group (+6p.p.) to reach 70% of the workforce
Reinforced investment in employee support measures to €5.7 mn in programmes in the area of Health, Education and Family Welfare (+3% vs H1 20)
Joining the Colombian Government's Voluntary Agreement to fight deforestation
Ensuring the plantation of over 58 thousand trees under the Serra do Açor Forest project, aimed at preserving and developing the landscape ravaged by the wildfires of 2017 in Portugal
Signatory of an open letter to the European Commission, encouraging the adoption of more ambitious measures to curb deforestation
5
Attachments
Original document
Permalink
Disclaimer
Jeronimo Martins SGPS SA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 08:16:12 UTC.
Jerónimo Martins, SGPS, S.A. is a Group that holds assets in the food sector, mostly in distribution, with market leadership positions in Poland and Portugal. In 2023, the Group recorded sales of 30.6 billion euros and an EBITDA of 2.2 billion euros. The Group had a total of 134,379 employees and ended 2023 with a market capitalisation of 14.5 billion euros on the Euronext Lisbon stock exchange.
In Poland, Biedronka, representing 70% of Group sales and 85% of its EBITDA, is a chain of food stores and the undisputed leader in food retail and in 2023 it continued to increase its market share. Also in Poland, Hebe focuses on the specialised retail of health and beauty products, managing a considerable assortment of products at competitive prices and an in-store consultation service. At the end of 2023 Hebe opened two stores in Czechia, aimed at putting a face to the brand's presence in this country, where growth will be driven through e-commerce.
In Portugal, the Group has a leadership position in food distribution. It operates the banners Pingo Doce and Recheio, which are market leaders in the supermarket and cash & carry formats, respectively. Pingo Doce is a supermarket chain that has a restaurant area in most of its stores. It has two central kitchens that supply not only these restaurants, but also its in-store takeaway operation. Recheio operates a chain of cash & carry stores and has strengthened its business model with a specialised food service operation, underpinned by dedicated platforms, which essentially serve HoReCa customers with a delivery service. Recheio continues also to expand a network of traditional retail partners under the Amanhecer banner. Jerónimo Martins Agro-Alimentar currently operates in four distinct areas: dairy, livestock farming, aquaculture, and fruit and vegetables. The Group also operates two specialised chains, the Jeronymo coffee shops and kiosks and the Hussel chocolate and confectionery chain.
In Colombia, Ara is a chain of proximity food stores, mostly set up in residential neighbourhoods, offering quality at the best price and combining competitiveness with promotional opportunities in key categories for the Colombian consumer. Also in Colombia, Bodega del Canasto operates as a mini cash & carry, aiming for the traditional market (B2B), offering customised Private Brands and industry brands solution.
JERÓNIMO MARTINS, SGPS, S.A. 
