Sonae Circle 18 March 2008

Transcription

1 Sonae Circle

2 onae: continuously delivering lue to shareholders ocus on profitable growth all businesses onae: an investment option ith attractive return

3 07 results confirmed our focus profitable growth Turnover (M ) 4, % 4,627.7 Turnover by Business (M ) +10% 3,385 3,091 +8% % (P) 2007 Retail Shopping Telco High and increasing growth rate

4 perational Cash Flow improved across all our business units 07 results confirmed our focus profitable growth EBITDA (M ) EBITDA by Business (M ) +20% +18% % % (P) 2007 Retail Shopping Telco

5 Profits reflected the good operational performance 07 results confirmed our focus profitable growth Net Income-group Share (M ) +36% NET Income by Business (M ) +11% % (P) 2007 Retail Shopping Telco

6 07 results confirmed our focus profitable growth Investment for growth accelerated Capex (M ) Capex by Business (M ) +106% 1, x +103% % (P) 2007 Retail Shopping Telco

7 Leverage increased 07 results confirmed our focus profitable growth Net Debt (M ) +27% 2,621 Net Debt by Business (M ) +77% 1,702 1, x 1, % (P) 2007 Retail Shopping Telco

8 07 results confirmed our focus profitable growth Financial Structure Interest cover Net debt EBITDA Q06 2Q06 3Q06 FY06 1Q07 2Q07 3Q notwithstanding, consolidated financial structure is comfortable

9 07 results confirmed our focus profitable growth Return on Equity (%) +0,8 pp 21.2% 22.0% rning an investment for growth strategy into higher profitability

10 once again endorsing our capacity deliver superior shareholder value years 1 Annual Return Sonae SGPS vs Portuguese Market 20% 43% PSI 20 TR Sonae SGPS 5 21% 51% % 9% 11% 25% 21 10% 20% onsistently providing above the average shareholder return

11 r success rests upon rong values and culture Ambition aimed at growth and creating shareholder value Above average shareholder return Long-term perspective approach to its businesses Aiming for Leadership to succeed in the long term Restless innovation and challenge in its markets Efficiency driven and cost contention conscious onae: a Group with confirmed sustainable growth and profitability

12 bition aimed at creating value value Expansion into new territory at Shopping Centres business Industry consolidation and portfolio management Demerger of Sonae Capital Incursion into Romania Acquisition of 1 shopping centre Start of 2 new developments ush for organic growth at Telco business Strong investments in future technologies UMTS/HSDPA coverage reached 78% population ULL network coverage reached 55% households FTTH kick off mbition aligned to offer superior economic value to our shareholders

13 ng-term perspective approach its businesses 2007 long term growth events Shopping centre tegrated approach to business Policy of partial ownership, development and management activities ( develop and hold ) long-term view of investment Fibre investment plan irst steps in the ternationalization strategy at Retail FTTH 250 million euros of expected investment Coverage of more than 25% of population All preparatory work was made to open, in 2008, 4 Sportzone stores in Spain cus on profitability does not stop us from preparing the future

14 ficiency driven and cost ntention conscious Merger of mobile and ed divisions Anticipating the future convergence of technologies Separation of fixed and mobile markets became obsolete provement productivity indices at Retail Continuing efforts to modernize the company: 30 major refurbishments in older assets Investments in logistics, processes and technology Strengthening of competencies in international procurement More than 1,300 thousand hours of professional training Continuously pushing for efficiency gains

15 ernal challenger in its markets Pioneering the expansion of mobile frontiers at our telco business Boldness Innovation Launch of the loyalty card at our Retail business Awards won by our Shopping centres business Aggressive growth of non-food formats at our Retail business Resilience Relentlessly exploring new and challenging business opportunities

16 m for leadership cquisition of Carrefour cquisition of ele2 and ONI esidential and Ho customers Reinforcement of market leadership from 25% to 30% 12 hypermarkets in operation 13 licensed projects Additional sales area (including projects): m 2 Broadband market share increased from 9% to 15% Sonaecom consolidated its position as the leading Altnet provider cquisition of oftware and System Information companies WeDo became world leader in Revenue Assurance with acquisition of Cape Technologies Reinforcement of leadership with acquisition of Tecnológica Diversification of business, with acquisition of Praesidium, company operating internationally in the risk management consultancy market Aiming to be number one player in our markets

17 onae: continuously delivering lue to shareholders ocus on profitable growth all businesses onae: an investment option ith attractive return

18 2008, Sonae will continue to focus growth at all its businesses Retail Continue to push for a strong pace of organic growth Increase sales area by circa 60,000 m 2 Be attentive to possible acquisition opportunities Initiate the internationalization process: opening 4 Sportzone stores in Spain Extend activity to 2 new businesses: insurance brokerage and a new casual footwear brand opping entres lecoms Further expand international footprint Accelerate development projects Increase service activities Launch of new Sierra Fund Accelerate growth and increase market share Initiate investment in FTTH deployment Accelerate investments in network: faster data speeds on both wireline and mobile Improve customer management and lead innovation Focus on profitability: full integration of networks, platform and organization Focus on profitable growth

19 onae: continuously delivering lue to shareholders ocus on profitable growth all businesses onae: an investment option ith attractive return

20 nae a good investment option onfirmed strong and increasing growth and profitability e deliver above the average return to shareholders e have great track record of delivering what we promised e have a unique mix of ambition, long-term perspective and innovation e aim to lead best practices in efficiency gains e have a highly committed top management geared to achieve leadershi their markets e will create value with our skills and opportunities in ew international markets ur investment in growth is always translated into long-term value creation Our shareholders can continue to believe in the increasing value of their investments

21 Sonae Circle