Sligro Food N : Presentation 2023 half-year figures

x € million

Revenue

Cost of sales

Gross profit

Other operating income

Total operating costs excluding depreciation, amortisation and impairments

Gross operating result (EBITDA)

Depreciation and impairment of property, plant and equipment and right-of-use assets

Operating result before amortisation (EBITA)

Amortisation and impairment of intangible assets

Operating result (EBIT)

Financial income and expenses

Pre-tax profit (loss)

Income taxes

Profit (loss) after tax

H1-2023

1,403 100.0%

(1,032) -73.5%

371 26.5%

2 0.1%

1. -22.7%

55 3.9%

1. -2.3%
   23 1.7%

1. -1.4%

4 0.3%

1. -0.3%

1. 0.0%

2 0.0%

1 0.0%

H1-2022

1,129 100.0%

1. -73.1%
   304 26.9%

17 1.5%

1. -22.7%
   65 5.8%

1. -2.6%
   36 3.2%

1. -0.9%

25 2.3%

0 -0.1%

25 2.2%

1. -0.1%
   23 2.1%

Revenue

• 17.6% organic revenue growth
• • Netherlands: +15.7%
  • Belgium: +36.8%
• Sligro-Mrevenue €74 million, > 50% of original revenue.
• COVID-19restrictions still in effect over the first six weeks of 2022.
• Inflation approx. 8%.
• Volume increase following the acquisition of new customers and higher sales to existing customers (including through partnership with Heineken).

1. Not audited.
2. Sligro-Metro'soperations have been allocated to the Belgium segment in their entirety.

• Market share gained in the Netherlands and Belgium.

1. Not audited.
2. Sligro-Metro'soperations have been allocated to the Belgium segment in their entirety.

• Gross profit margin is 26.5% (a 0.4% drop).
• Consolidation of Sligro-M pushed gross profit down by approx. 0.1%.
• Scope to pass on price increases is reducing.
• Additional promotional activities to grow revenue after slow start to the year.
• Revenue mix: growth still dominant at National Accounts, less so in Regional delivery and cash-and-carry.
• Write-downof €2 million on receivables and recovery costs from Antwerp customers.

x € million

Rental income

Book result on sale of property, plant and equipment

Other non-recurring results

Total

H1-2023H1-2022

1 0

1 0

0 17

2 17

• 2023: €1 million book profit on sale of vacant property.
• 2022: €16 million untaxed book profit on sale of stake in Smeding.