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     171  0 Kommentare Groupe Casino - Q1 2020 additional financial information

    Q1 2020 additional financial information
    As part of the quarterly information requirements included in the documentation in relation to
    the fall 2019 refinancings (cf. press release of 21st November 2019)

    Friday 15th May, 2020

    Highlights:

    • Good operational performance in Q1 (EBITDA and working capital) translated into higher cash-flows, with change in cash and cash equivalent in Q1 2020 improved by +€250m in France compared to Q1 2019;
    • Strong liquidity in France as at March 31st with over €2.9bn in cash and undrawn credit lines;
    • Ample headroom on covenants as of March 31st: headroom of €925m in Gross Financial Debt for the Gross Financial Debt/EBITDA ratio and headroom of €485m in EBITDA for the EBITDA/Net finance costs ratio.

    Financial information for the quarter ended 31st March, 2020:

    (in M €, post-IFRS16) France Retail +
     E-Commerce
    LATAM TOTAL
    Revenues(1) 4 338 3 955 8 294
           
    EBITDA(1) 192 245 437
    (-) impact of leases(2) -170 -89 -259
    Adjusted Consolidated EBITDA including leases(1) 22 156 178

    (1) Unaudited data, perimeter as defined in financing documentations with mainly Segisor accounted for within France Retail + E-commerce perimeter
    (2) Interest paid on lease liabilities and repayment of lease liabilities as defined in the documentation

    Consolidated net sales at €8.3bn, up +7.9% on an organic basis1 and +6.4% on a same-store basis1, including the impact on food consumption of the Covid-19 epidemic since mid-March. For additional information, please refer to the Q1 Net Sales press release dated 23 April 2020.

    For “France Retail + E-commerce”, EBITDA was up +€67m compared to Q1 2019 driven by the additional business generated since mid-March and the impact of the cost-savings plans. Latam EBITDA decreased by
    -€15m due to currency effects, while consolidated proforma EBITDA published by GPA increased by +2%. For additional information on Latam results, please refer to the 1Q20 Earnings release published by GPA dated 13th of May 2020.

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    Groupe Casino - Q1 2020 additional financial information Q1 2020 additional financial informationAs part of the quarterly information requirements included in the documentation in relation to the fall 2019 refinancings (cf. press release of 21st November 2019) Friday 15th May, 2020 Highlights: Good …