Jerónimo Martins SGPS S A : First Half 2022 Results Presentation
July 27, 2022 at 04:12 am EDT
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H1 RESULTS
H1 2022 RESULTS RELEASE HERE
ADDITIONAL NON-FINANCIAL INFORMATION RELATING TO THE PERIOD (MEDIA PRESENTATION) HERE
H1RESULTS
INTRODUCTORY
NOTE
This presentation includes in the Appendix, for comparison purposes, the Financial Statements excluding the effect of the IFRS16
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H1RESULTS
CONTENT
1. H1 2022 HIGHLIGHTS
2. H1 2022 KEY FIGURES
2.1. Income Statement
2.2. Cash Flow
2.3. Balance Sheet
2.4. CAPEX
3. H1 2022 SALES PERFORMANCE
3.1. Group
3.2. Biedronka
3.3. Hebe
3.4. Pingo Doce
3.5. Recheio
3.6. Ara
H1 2022 EBITDA PERFORMANCE
EBITDA
EBITDA Margin
H1 2022 FINAL REMARKS
APPENDIX
Financial Statements
Outlook 2022
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H1RESULTS
1. H1 2022
HIGHLIGHTS (1/3)
Poland: resilient food demand supported by the Government's anti-inflation measures and competitiveness in the sector, further strengthened by the influx of Ukrainian refugees into the country
Portugal: pressure over consumer demand and trading down in food due to increasing inflation. Recovery in tourism is driving HoReCa improvement
Colombia: fragile consumer demand driving volume pressure and trading down in the food sector
Rising generalised cost inflation, intensified in Q2
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H1RESULTS
1. H1 2022
HIGHLIGHTS (2/3)
SALES DRIVEN
PERFORMANCE
+20.0% Sales
(+21.7% excl. FX)
Solid growth across all our banners reinforced by our strong value propositions and competitiveness
Momentum reinforced by positive food sector dynamics in Poland and the recovery of tourism in Portugal
Inflation was also a feature of the performance in the three countries in which we operate
CONFIRMS THE STRENGTH OF OUR VALUE PROPOSITIONS AND THE SUCCESS OF OUR FOCUS ON PRICE COMPETITIVENESS
+19.1% EBITDA Sales driving the performance and mitigating the
Jeronimo Martins SGPS SA published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 08:11:07 UTC.
Jerónimo Martins 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. 
