The highest to date EBITDA for the quarter: 177m PLN and LTM: 516m PLN (pre-IFRS16)
• Strategic target for 2025: PLN 1bn
516m PLN
3Q2022 status:
Strategic target: x1,5 net debt / EBITDA
•
In 3Q2022 the reduction of net debt and increase of EBITDA:
x1,48
• Expansion of IPH platform
•
Cooperation with Comp SA
4.7 ths POS - 3Q pro forma
• Strategic target: 12,000 stores integrated on the platform in 2025
• No. of stores within Eurocash networks
16,786
•
Includes owned, franchised and partnered stores
+171 stores added in 3Q2022
•
Strategic target: +500 net stores annually 2023-2025
2
Executive summary 3Q2022
Wholesale - strong quarter in all Wholesale formats
•
Nearly 4% of the EBITDA margin (IFRS16) in 3Q22 due to operating leverage
Sales 3Q22 +14% y/y
•
Double-digit increases in sales of each wholesale format in 3Q22 and cumulatively
EBITDA +48m PLN y/y
Retail - another good quarter with 5.1% EBITDA margin achieved
• +16% LfL of DC's own stores, +21% LfL Inmedio in 3Q22
Sales 3Q22 +26% y/y
•
PLN 102m EBITDA, +21% y/y
EBITDA +18m PLN y/y
•
PLN 2.49bn revenues LTM own DC stores
Projects - Duży Ben's expansion and Frisco's growing sales
Frisco: +47% sales y/y, PLN 85m in 3Q22
Duży Ben with 277 stores, +26% increase in LfL sales in 3Q22
Sales in 3Q22 +52% y/y
EBITDA -6m PLN y/y
3
01.
Macro & market
4
High dynamics of inflation and retail sales
Polish GDP growth
Inflation
11.3
%
7.6
8.5
5.5
5.5
2.6
-1.1
-0.6
-2.1
-8.9
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
Retail sales growth in Poland - food, beverages and tobacco
11.9%
10.5
%
6.9
7.7
6.4
4.5
3.2
2.8
4.7
3.0
3.7
3.2
1.4
17.4
13.9
16.3
13.4
9.7
8.7
8.4
7.7
6.7
5.4
6.5
4.5
3.8
4.6
2.8
2.7
4.5
1.7
2.1
2.5 1.1
0.6 %
1.8
1.2
7.4
7.8
4Q19
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
7.9
6.6
2.7
5.4
CPI
3.6
3.6
CPI - food and non-alcoholic beverages
2.9
1.8
CPI - tobbacco and alcoholic beverages
1.9
0.9
0.3
0.2
-1.3
VI 21 VII 21 VIII 21 IX 21 X 21 XI 21
XII 21 I 22 II 22
III 22 III 22 IV 22 V 22 VI 22 VII 22 VIII 22
IX 22
5
*Source: GUS
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Eurocash SA published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 10:06:09 UTC.
Eurocash SA is a Poland-based company engaged in the industry of wholesale and retail distribution of food and distribution of fast moving consumer goods (FMCG). It operates through four segments: Wholesale, Retail, Projects and Others. The Wholesale segment is divided into Eurocash Distribution, including distribution and supporting franchise activities; Cash&Carry, which operates a national network of warehouses; Tobacco & Impulse, which distributes tobacco products, Alcohol Distribution, Eurocash Food Service and Other. The Retail segment operates the retails activities of Eurocahs group and the wholesale of Delikatesy Centrum franchisees. It also includes other retail operations under EKO, Mila and Inmedio brand names. The Project segment is dedicated to run the projects of the Eurocash Group. It cooperates with different partners including abc, Groszek, Delikatesy Centrum, Lewiatan, Euro Sklep or Gama.
EUROCASH S.A. 
