Connections Jerónimo Martins, SGPS, S.A.

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, and an increasingly notable presence in Colombia. In 2024, the Group recorded sales of 33.5 billion euros and an EBITDA of 2.2 billion euros. The Group had a total of 139,907 employees and ended 2024 with a market capitalisation of 11.6 billion euros on Euronext Lisbon. In Poland, Biedronka is the Group's largest business, accounting for c.70% of sales and c.80% of EBITDA. The Company has developed its operation in Slovakia, which will kick off in early 2025. 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. Hebe also operates two brick-and-mortar stores in Slovakia and three in Czechia. In Portugal, the Group also 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 is the largest restaurant network in the country. Recheio operates a chain of cash & carry stores and continues to expand a network of traditional retail partners under the Amanhecer banner. Through its subsidiaries in Portugal and Morocco, Jerónimo Martins Agro-Alimentar focuses on four areas of agri-food production: dairy, livestock farming, aquaculture, and fruit and vegetables. The Group also operates two specialised chains in Portugal, 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. Also in Colombia, Bodega del Canasto (BdC) operates a mini cash & carry format, a distributor for the traditional market (B2B), offering a customised solution of Private and industry brands.