CECONOMY AG Debt Investor Roadshow
Credit highlights of CECONOMY
March 2024
March 2024 | Debt Investor Roadshow | 2 |
Credit highlights summary: Transformation gains traction
- Reinvented long term business model ("from retail to service platform") with tangible progress in reducing exposure to traditional retail business
- Strong diversification across business models, regions, and product categories
- Proven commitment to solid BB rating and further improving credit metrics - reflected in recently tightened credit spread
- Prudent financial policy and ample liquidity underpinned by a strong improvement of leverage ratio
- Proactively managing maturity profile with aim forlong-term financing structure
- CECONOMY at a glance
-
Credit highlights III. Financials
IV. Summary
Agenda
March 2024 | Debt Investor Roadshow | 4 |
MediaMarktSaturn is market leader in consumer electronics in Europe
Sales:
€22 bn… and
growing
Strategic
investment in
FNAC
Brand
awareness >75%
#1 / #2 market
position in 9 of 11
markets
~2 bn | >35 m | +53 |
Customer | Loyalty | Net Promotor |
contacts | members | Score |
~41 k | ~1 k | ~€5 bn |
Employees | Stores | Online sales |
All figures refer to FY 22/23
March 2024 | Debt Investor Roadshow | 5 |
We are well-diversified in terms of both regional and product sales
Sales share by region FY 22/23
DACH 54%
32% West/South
2%
12%Others East
Product sales per category FY 22/23
IT, phones, | White goods | |
wearables | 45% | 26% |
2%Photo
8% | 17% |
TV, HiFi | |
Software & games | |
March 2024 | Debt Investor Roadshow | 6 |
We create Experience Electronics to enrich people's life -
our omnichannel strategy shows visible progress
EmployeeShopping
experienceexperience
"Front-line first | "Mobile-first | |
delivering great | omnichannel" | |
customer | "We Create | |
experience" | EXPERIENCE | |
ELECTRONICS | ||
to Enrich | ||
Usage | People's Life " | Impact |
experience | experience | |
"Growing lifecycle | "Sustainability as part | |
services" | of the core" |
FY 21/22 | FY 22/23 | Growth plan FY 25/26 | |
Net | €21.8 bn | €22.2 bn | Slightly above |
sales | market growth | ||
Adjusted | €208 m | €243 m | > €500 m |
EBIT1 |
FCF2 | €-533 m | €257 m | Steady growth |
to c. €200 m | |||
1Excluding associates, adjusted for portfolio changes, pre-IAS 29 and excluding non-recurring effects; 2Adjusted for IFRS 16 leases
March 2024 | Debt Investor Roadshow | 7 |
We transform and enhance our business model to strengthen financial performance
Ambition until FY 25/26
Retail Core: Moderate sales growth & c. 30% online share
c. 5.5% | €750 m | c. 5% | Up to 20 | c. €45 m |
Services & | ||||
Marketplace | Private Label | Retail Media | ||
Solutions | Lighthouses | |||
income | GMV | share | income | |
(% of total net sales) |
>€500 m EBIT1FY 25/26
1Excluding associates, adjusted for portfolio changes, pre-IAS 29 and excluding non-recurring effects
-
CECONOMY at a glance II. Credit highlights
III. Financials IV. Summary
Agenda
March 2024 | Debt Investor Roadshow | 9 |
Credit Highlights
1 Strategy | 2 Platform |
Experience Electronics is | We are growing our |
core to our strategy | attractive business models |
3 Sustainability | 4 Ambition |
Sustainability is part of our | We are clear in our financial |
DNA | ambitions |
5 Traction | 6 Commitment |
Our initiatives are showing | We are committed to our |
traction | prudent financial policy |
1 Strategy | 2 Platform | 3 Sustainability | 4 Ambition | 5 Traction | 6 Commitment | March 2024 | Debt Investor Roadshow | 10 |
We operate in a constantly growing industry
Growth opportunities
Sustainability
Sustainable and energy-efficient products
AI-powered consumer electronics products
AI enhancing user experiences through innovative features
Affordable premium
More premium products in key categories
New categories
Growth in new categories - health, mobility, virtual reality
Adjacent service business
Services for higher convenience and "peace of mind"
+50% | CAGR in energy-efficient category segments1 |
some of the most evident applications of AI are smart home, creativity and productivity
47%of consumers prefer fewer but higher quality items1
+10% CAGR2,3
+16% CAGR2,3
1GfK trend analysis, Source: GfK, CECONOMY analysis; 2Including MMS countries, Denmark, France, Norway, Russia, and United Kingdom; 3Including smart home devices, addressable residential solar PV, AR/VR devices, addressable e-mobility, and digital health
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CECONOMY AG published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 09:51:06 UTC.
