MADE TO TRADE. Goldman Sachs 18 th Annual Global Retailing Conference Dr Eckhard Cordes, CEO 8 September 2011 METRO AG 2011
Disclaimer and Notes To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements (including within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended). All forward-looking statements herein are based on certain expectations and assumptions at the time of publication of this presentation and are subject to risks and uncertainties that could cause actual results, performance or financial position to differ materially from any future results, performance or financial position expressed or implied in this presentation. Many of these risks and uncertainties relate to factors that are beyond METRO GROUP s ability to control or estimate precisely, including (without limitation) future market and economic conditions, the behaviour of other market participants, the ability to successfully integrate acquired businesses and achieve anticipated cost savings and productivity gains, and the actions of government regulators. Readers are cautioned not to place reliance on these forward-looking statements. METRO GROUP does not undertake any obligation to publicly update any forward-looking statements or to conform them to events or circumstances after the date of this presentation. This presentation is intended for information only. It is not intended as an offer for sale, or as a solicitation of an offer to purchase, any securities in any jurisdiction. This presentation may not be reproduced, distributed or published without prior written consent of METRO GROUP. All numbers are before special items, unless otherwise stated. Please note that new accounting standards have been applied. More information regarding the application of accounting methods refer to the notes to the Annual Report 2010. Extra s activities are disclosed as discontinued operations in 2007 and 2008. Figures at Other are adjusted for Adler s activities in 2007, 2008 and 2009. The figures in this presentation are rounded to provide a better overview. The calculation of deviations is based on figures incl. fractions. Therefore rounding differences can occur. 1
METRO GROUP at a Glance: 67bn Sales & 2.4bn EBIT Sales 2010 31.1 billion 11.5 billion 20.8 billion 3.6 billion - EBIT 2010 1.104 million 132 million 625 million 138 million 698 million Stores* 706 425 853 139 - Countries* 30 6 16 2 30 Profile Worldwide market leader in B2B self-service wholesaling Leading hypermarket retailer in Germany and select Eastern European countries Europe s No. 1 in consumer electronics retailing Concept and systems leader in Germany s department store segment Strong international real estate portfolio *As at 30/06/2011 2
Our Five Value Drivers Customer orientation Internationalisation Efficiency Innovation Sustainability 3
Leading Global Cash & Carry Wholesaler Customer Orientation Delivery Building customer target group management via strengthened field force Extending own brand assortments Profitably growing the delivery service offering in all countries (already more than 1 billion in sales) Increasing customer proximity Developing inner-city stores, Drive-ins, Satellite stores Growing international share of sales (already over 80%) Opening around 40 new stores Entering into Indonesia in 2012 Generating high RoCE (already >20%) due to capital efficient model Innovation New Store Formats Internationalisation Efficiency MADE TO TRADE. Goldman Sachs 18th Global Retailing Conference 8 September 2011 METRO AG 2011 4
Leading Hypermarket Player Customer Orientation Rolling out new customer-centric concept modules Introducing more own brands Improving shelf space allocation, assortment, product placement, store layout Efficiency Trialling entrepreneurial management with store managers as partners Improving staff planning and energy efficiency Targeting 2-3% EBIT margin Innovation Developing and enlarging the webshop further Testing the Real Drive (online ordering and pick-up at warehouse location) 5
European Market Leader in Consumer Electronics Retailing Multichannel Innovation Online only Launching Saturn s webshop in October (Mediamarkt: January 2012) Rolling out to all other countries in 2012 Gaining further online market share (Redcoon acquisition etc.) and tapping new customer groups Customer Orientation Reducing prices and optimising marketing to drive frequency Introducing own brand ranges into more countries across Europe Internationalisation Tapping the huge potential in China Opening around 70 new stores p.a Efficiency Introducing further cost savings measures to sharpen price profile 6
Best-in-Class German & Belgian Department Store Customer Orientation Increasing marketing effectiveness by optimising customer data analysis Improving space allocation in favour of high-margin product categories, especially accessories, clothing and shoes Efficiency Optimising ordering and markdown processes Achieving negative net working capital Improving energy efficiency Localising department stores Innovation Re-launching the webshop to include fashion Introducing a new lifestyle-orientated outdoor concept ("Wanderzeit") 7
Key Messages Best-in-class formats Unique international footprint Clear focus on returns and capital efficiency Greener, more sustainable and responsible going forward METRO GROUP well positioned for future profitable growth 8
MADE TO TRADE. Goldman Sachs 18 th Annual Global Retailing Conference Dr Eckhard Cordes, CEO 8 September 2011 METRO AG 2011
Appendix
Outlook 2010 2011* Medium-Term Capex ( billion) 1.7 2.2 > 2.2 New store openings 38 > 40 > 40 2 ~ 5 > 10 60 ~ 60 > 70-4 1) - Sales growth (%) 2.6 > 0 > 6 EBIT before special items ( million) 2,415 Increase ~ 10% Increase > 10% 1) Sportarena * For full particulars please refer to H1/Q2 Half-Year Financial Report, p. 9 11
Shape Targets 1.5 billion EBIT Potential Efficiency- and value-enhancing programme Shape 2012 well on track Decentralised organisation structure set up 800 million in cost reductions to be largely effective in 2011 Focus now on productivity gains (gross margin and sales enhancing measures) million 700 Metro Cash & Carry 400 Real 250 Media Markt and Saturn 50 Galeria Kaufhof 50 Real Estate 50 700 Productivity Gains 800 Cost Reductions Other 1,500 EBIT effect Shape 2012 GER ~40% WE ~30% EE Asia ~30% Indicative regional split Market conditions, price investments Net EBIT effect 2012 illustrative 12
527m Already Delivered since Launch million 2,222 Shape Contribution of 527 million -51 +527 2,415 Achievement of 2012 METRO GROUP Shape Targets 98% 29% 108% 21% 14 % 116% 16 % 13 % 112% 4% 111% 15% 12 % 5% 117% 8% 111% 5% 7% 4% 30% 28% 108% 3% 3% 20% -388 +105 56% 17% 40% 42% 44% 39% 37% 23% 31% 21% 30% 17% 26% 30% 10 % 15% 51% 51% 0% 13 % 9% 3% 15% 7% 18% 28% 23% 25% 34% EBIT 2008 Expansion Market conditions, price investments Surplus real estate contribution Shape contribution EBIT 2010 31/03/09 30/06/09 30/09/09 31/12/09 31/03/10 30/06/10 30/09/10 31/12/10 31/03/11 30/06/11 1 Idea 2 Evaluated 3 Approved 4 Implemented 5 Effective 13
Expected Shape Special Items 2009 2011 Shape Special Items Special Items by Division [2009-2011] million (EBIT) 343 Other 27% Metro Cash & Carry 27% 237 204 Galeria Kaufhof 11% Media Markt and Saturn 28% Real 7% ~150 Special Items by Type [2009-2011] Other Concept 10% adjustments 17% 34% Personnel 2008 2009 2010 2011 E 39% Closures 14
Sales by Region 2002 2010 million 2002 2003 2004 2005 2006 2007 2008 2009 2010 CAGR '02 - '10 Germany 27,691 28,300 26,541 25,948 24,824 26,133 26,665 26,511 26,130-0.7% Western Europe (excl. Germany) 15,308 16,264 17,148 17,976 19,439 20,532 20,993 20,932 21,528 4.4% Eastern Europe 7,524 8,053 8,707 10,614 12,592 15,680 18,084 15,766 16,880 10.6% Asia/Africa 1,003 978 1,079 1,184 1,424 1,865 2,213 2,320 2,720 13.3% METRO GROUP 51,526 53,595 53,475 55,722 58,279 64,210 67,955 65,529 67,258 3.4% 15
Sales and EBIT by Region Germany Western Europe Eastern Europe Asia / Africa METRO GROUP Countries 1 12 14 6 No. of stores (Δ YTD) 939 (-3) 598 (-29) 499 (+21) 87 (+3) 2,123 (-8) H1 Sales ( million) Δ H1 Δ Q2 11,969 Δ: -1.7% Δ: -0.8% 9,813 Δ : -1.7%; ΔLC:-2.3% Δ : -1.4%; ΔLC:-1.8% 7,977 Δ : +2.9%; ΔLC:+3.5% Δ : +3.2%; ΔLC:+5.2% 1,496 Δ : +14.3%; ΔLC:+17.7% Δ :+4.7%;ΔLC:+15.7% 31,255 Δ : +0.1%; ΔLC:+0.2% Δ : +0.2%; ΔLC:+1.0% Share of sales 38% 31% 26% 5% 100% H1 EBIT* ( m) (Δ YoY) Q2 EBIT* ( m) (Δ YoY) -26 (-18) 3 (-34) 194 (-19) 131 (-4) 291 (+19) 183 (+3) -12 (+1) -10 (+7) 452 (-18) 306 (-28) * pre-consolidation As at 30 June 2011 16
EBIT by Region Germany Western Europe Eastern Europe Asia/Africa -11% +45% +20% -47% 1,026 1,028 917 739 805 708 765 570 627 587 609 524 Change vs. 2010 vs. 2009 2007 2008 2009 2010-38 -33-35 -51 2007 2008 2009 2010 2007 2008 2009 2010 2007 2008 2009 2010 million (pre-consolidation) 17
Sales by Division and Country Metro Cash & Carry Real Media Markt and Saturn Galeria Kaufhof Other METRO GROUP million 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 Germany 5,454 5,302 8,593 8,441 9,114 9,087 3,217 3,251 132 48 26,511 26,130 Austria 781 793 977 1,078 1,759 1,871 Belgium 1,280 1,247 542 613 322 333 2,144 2,193 Denmark 233 237 233 237 France 3,908 3,900 583 597 4,491 4,497 Italy 1,857 1,834 2,354 2,524 4,212 4,358 Luxemburg 27 40 27 40 Netherlands 1,259 1,243 1,098 1,206 2,356 2,449 Portugal 460 419 160 150 620 569 Spain 1,321 1,311 1,758 1,793 3,078 3,104 Sweden 412 523 412 523 Switzerland 626 757 626 757 UK 974 928 974 928 Western Europe 12,072 11,912 8,538 9,283 322 333 20,932 21,528 Bulgaria 463 416 463 416 Croatia 302 285 302 285 Czech Republic 1,223 1,162 1,223 1,162 Greece 391 352 266 240 657 593 Hungary 661 612 203 192 864 804 Kazachstan 5 37 5 37 Moldova 70 75 70 75 Poland 1,830 1,970 1,316 1,403 955 917 4,102 4,290 Romania 1,226 1,137 671 694 1,897 1,831 Russia 2,594 2,930 437 603 405 695 3,436 4,228 Serbia 203 198 203 198 Slovakia 438 428 438 428 Turkey 840 998 275 329 212 371 1,328 1,698 Ukraine 773 807 6 27 779 835 Eastern Europe 11,020 11,407 2,705 3,058 2,041 2,415 15,766 16,880 China 1,087 1,304 9 253 238 1,340 1,551 Egypt 25 25 India 145 201 145 201 Japan 154 207 154 207 Morocco 208 194 208 194 Pakistan 107 128 107 128 Vietnam 366 416 366 416 Asia/Africa 2,067 2,474 9 253 238 2,320 2,720 TOTAL 30,613 31,095 11,298 11,499 19,693 20,794 3,539 3,584 386 286 65,529 67,258 18
Number of Stores by Division and Country Metro Cash & Carry Real Media Markt and Saturn Galeria Kaufhof METRO GROUP Q2 H1 30/06/11 Q2 H1 30/06/11 Q2 H1 30/06/11 Q2 H1 30/06/11 Q2 H1 30/06/11 Germany 117-1 -3 317-1 381 +1 124-1 -3 939 Austria 12 42 54 Belgium 11 20 15 46 Denmark 5 5 France +1 +1 92-34 -34 0-33 -33 92 Italy 48 +1 +1 105 +1 +1 153 Luxemburg 2 2 Netherlands 17 36 53 Portugal 11 +1 10 +1 21 Spain 34 +1 +1 65 +1 +1 99 Sweden +1 +1 20 +1 +1 20 Switzerland 23 23 United Kingdom 30 30 Western Europe +1 +1 260-31 -30 323 15-30 -29 598 Bulgaria +2 13 +2 13 Croatia 6 6 Czech Republic 13 13 Greece 9 13 22 Hungary 13 21 34 Kazakhstan 5 5 Moldova 3 3 Poland +4 33 54 +1 +1 60 +1 +5 147 Romania +4 30 25 +4 55 Russia +1 58 16 +1 +1 32 +1 +2 106 Serbia +1 +3 9 +1 +3 9 Slovakia 6 6 Turkey +1 +1 19-1 -1 12 +1 +3 20 +1 +3 51 Ukraine +2 28 1 +2 29 Eastern Europe +2 +17 245-1 -1 108 +3 +5 146 +4 +21 499 China +1 49 +1 +2 3 +1 +3 52 Egypt 2 2 India 6 6 Japan 9 9 Pakistan 5 5 Vietnam 13 13 Asia/Africa +1 84 +1 +2 3 +1 +3 87 Total +3 +19 706-2 -4 425-27 -24 853 +1 139-26 -8 2,123 19
Metro Cash & Carry Financials ( million) 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009* 2010* Sales 21,032 22,726 23,972 25,093 26,442 28,087 29,907 31,698 33,143 30,613 31,095 Change yoy in % 8.0% 8.1% 5.5% 4.7% 5.4% 6.2% 6.5% 6.0% 4.6% -7.6% 1.6% Change yoy in % - LC 7.2% 8.8% 6.4% 7.7% 5.6% 4.4% 6.2% 5.7% 5.4% -2.5% -0.6% Change yoy in % - lfl (LC) - - 1.4% 1.6% 1.1% -0.3% 1.9% 2.2% 2.4% -4.9% -1.7% EBITDA 873 972 1,078 1,200 1,280 1,377 1,510 1,631 1,406 1,165 1,374 Change yoy in % 9.9% 11.4% 10.9% 11.2% 6.7% 7.6% 9.6% 8.0% - -17.2% 18.0% EBITDA margin 4.2% 4.3% 4.5% 4.8% 4.8% 4.9% 5.0% 5.1% 4.2% 3.8% 4.4% EBIT** 641 716 805 904 963 1,013 1,111 1,243 1,139 936 1,104 Change yoy in % 6.9% 11.7% 12.4% 12.3% 6.5% 5.1% 9.7% 11.9% - -17.8% 17.9% EBIT margin 3.0% 3.2% 3.4% 3.6% 3.6% 3.6% 3.7% 3.9% 3.4% 3.1% 3.6% Capital Employed - - - - - - - - 5,648 6,050 6,368 Pre-tax RoCE (lease-adj.) - - - - - - - - 23.4% 18.9% 20.6% Capex 577 839 750 737 619 900 880 859 336 220 499 * New segment reporting structure 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Sales 200020012002 20032004200520062007 200820092010 Sales ( million) ** until 2003: EBITA Operating Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of stores 353 384 437 475 504 544 584 615 655 668 687 Selling space (1,000 sqm) 2,972 3,182 3,423 3,725 3,952 4,218 4,507 4,875 5,176 5,291 5,355 Change yoy in % 6.6% 7.1% 7.5% 8.8% 6.1% 6.7% 6.9% 8.2% 6.2% 2.2% 1.2% Average store size (sqm) 8,419 8,287 7,832 7,841 7,841 7,754 7,717 7,927 7,902 7,921 7,795 Sales/Øsqm ( ) 7,304 7,386 7,259 7,021 6,889 6,876 6,856 6,757 6,595 5,849 5,842 2010 Regional Sales Breakdown Asia/Africa Germany 8% 17% Eastern Europe 37% 38% Western Europe 20
Real Financials** ( million) 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009* 2010* Sales 8,166 8,375 8,198 8,205 8,182 8,192 8,775 11,003 11,635 11,298 11,499 Sales and EBIT Margin Change yoy in % 2.4% 2.6% -2.1% 0.1% -0.3% 0.1% 7.1% 25.4% 5.8% -2.9% 1.8% Change yoy in % - LC 2.3% 3.0% -1.1% 1.2% 0.0% -1.2% 7.1% 25.0% 5.4% 1.3% 0.2% 12,000 4% Change yoy in % - lfl (LC) - - -1.4% 0.1% -2.2% -4.7% -2.5% -0.1% 4.4% 0.0% 0.1% EBITDA 276 353 372 384 352-121 192 160 191 226 321 Change yoy in % 13.6% 28.0% 5.3% 3.1% -8.3% - 45.4% -16.7% - 18.3% 42.7% EBITDA margin 3.4% 4.2% 4.5% 4.7% 4.3% -1.5% 2.2% 1.5% 1.6% 2.0% 2.8% 10,000 8,000 6,000 3% 2% EBIT*** 138 202 228 242 219-2 19-16 6 52 132 Change yoy in % 15.2% 46.0% 13.5% 5.9% -9.3% - - - - - - EBIT margin 1.7% 2.4% 2.8% 2.9% 2.7% 0.0% 0.2% -0.2% 0.1% 0.5% 1.1% Capital Employed - - - - - - - - 5,161 5,117 5,213 Pre-tax RoCE (lease-adj.) - - - - - - - - 3.2% 4.1% 5.6% Capex 323 248 160 174 110 255 854 345 250 193 156 4,000 2,000 0 200020012002 20032004200520062007 200820092010 Sales EBIT margin 1% 0% * New segment reporting structure ** excluding Extra *** until 2003: EBITA Operating Statistics** 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of stores 276 277 278 289 306 328 442 434 439 441 429 Selling space (1,000 sqm) 2,006 2,016 2,019 2,078 2,135 2,242 3,158 3,103 3,148 3,184 3,107 Change yoy in % 0.6% 0.5% 0.1% 3.0% 2.7% 5.0% 40.9% -1.7% 1.4% 1.1% -2.4% Average store size (sqm) 7,267 7,279 7,262 7,192 6,977 6,835 7,145 7,150 7,171 7,220 7,242 Sales/Øsqm ( ) 4,058 4,165 4,063 4,005 3,884 3,743 3,250 3,515 3,723 3,569 3,656 2010 Regional Sales Breakdown Eastern Europe 27% 73% Germany 21
Media Markt and Saturn Financials ( million) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Sales 7,619 8,341 9,583 10,563 12,210 13,306 15,156 17,444 18,993 19,693 20,794 Change yoy in % 24.0% 9.5% 14.9% 10.2% 15.6% 9.0% 13.9% 15.1% 8.9% 3.7% 5.6% Change yoy in % - LC 23.8% 9.1% 14.8% 11.0% 15.8% 8.5% 13.9% 14.2% 8.4% 5.5% 4.3% Change yoy in % - lfl (LC) - - 3.2% 0.9% 4.6% -1.4% 3.0% 2.6% -2.1% -0.4% -1.2% EBITDA 375 368 431 506 612 679 776 818 839 851 876 Change yoy in % 17.9% -1.9% 17.0% 17.6% 20.8% 11.0% 14.4% 5.4% - 1.4% 2.9% 20,000 17,500 15,000 Sales and EBITDA Margin Ø +10.6% p.a. 7% 6% 5% 4% EBITDA margin 4.9% 4.4% 4.5% 4.8% 5.0% 5.1% 5.1% 4.7% 4.4% 4.3% 4.2% EBIT* 272 228 290 360 452 510 587 610 603 608 625 Change yoy in % 17.8% -16.1% 27.0% 24.3% 25.5% 12.8% 15.2% 3.9% - 0.8% 2.8% EBIT margin 3.6% 2.7% 3.0% 3.4% 3.7% 3.8% 3.9% 3.5% 3.2% 3.1% 3.0% 12,500 10,000 7,500 3% 2% 1% Capital Employed - - - - - - - - 2,790 2,849 3,150 5,000 0% Pre-tax RoCE (lease-adj.) - - - - - - - - 26.8% 27.0% 25.5% 200020012002 20032004200520062007 200820092010 Capex 267 264 350 229 261 315 370 463 402 353 362 Sales ( million) EBITDA margin * until 2003: EBITA Operating Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of stores 314 357 386 436 503 558 621 702 768 818 877 Selling space (1,000 sqm) 852 976 1,129 1,307 1,514 1,704 1,914 2,213 2,439 2,633 2,829 Change yoy in % 16.9% 14.6% 15.6% 15.8% 15.8% 12.6% 12.3% 15.6% 10.2% 8.0% 7.4% Average store size (sqm) 2,714 2,735 2,925 2,999 3,010 3,054 3,082 3,152 3,176 3,219 3,226 Sales/Øsqm ( ) 9,638 9,126 9,105 8,671 8,656 8,270 8,379 8,454 8,166 7,765 7,614 2010 Regional Sales Breakdown Eastern Europe 11% 44% Germany Western Europe 45% 22
Media Markt and Saturn: Market Share Gains Continue in a Challenging Environment Media Markt and Saturn Online Market position Jan.-June 2010 Jan.-June 2011 - points Jan.-June 2010 Jan.-June 2011 - points Austria # 1 27.3% 26.8% -0.5% 9.8% 10.4% 0.6% Luxemburg # 2 15.8% 25.7% 9.9% n.a. n.a. - Germany # 1 18.7% 17.7% -1.0% 15.9% 17.4% 1.4% Hungary # 1 19.5% 17.2% -2.3% 7.5% 11.3% 3.9% Netherlands # 1 15.4% 16.7% 1.3% 15.4% 16.6% 1.2% Poland # 1 16.7% 15.4% -1.3% 9.3% 11.8% 2.5% Italy # 1 13.1% 13.8% 0.7% 4.8% 5.2% 0.3% Switzerland # 2 14.6% 13.5% -1.1% 14.5% 14.7% 0.2% Spain # 1 12.0% 12.6% 0.6% 2.1% 2.5% 0.4% Belgium # 1 11.3% 12.1% 0.8% 3.8% 4.1% 0.3% Greece # 2 9.2% 10.6% 1.4% n.a. n.a. - Sweden # 2 7.9% 7.5% -0.4% n.a. n.a. - Portugal # 4 6.7% 6.8% 0.1% 2.3% 2.3% 0.0% Turkey # 3 4.0% 4.7% 0.7% n.a. n.a. - Russia # 6 3.7% 3.4% -0.3% n.a. n.a. - China new 0.0% 1.4% 1.4% n.a. n.a. - Source: GfK, own research 23
Galeria Kaufhof Financials ( million) 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009* 2010* Sales 3,941 3,971 3,900 3,819 3,768 3,575 3,609 3,556 3,607 3,539 3,584 Change yoy in % -1.5% 0.8% -1.8% -2.1% -1.3% -5.1% 0.9% -1.5% -1.1% -1.9% 1.3% Change yoy in % - lfl 0.1% -3.7% -4.5% -2.2% -1.2% -4.8% -0.6% -1.7% -1.4% -2.2% 1.2% EBITDA 324 349 292 249 199 189 192 211 223 223 233 Change yoy in % 10.2% 7.9% -16.3% -14.7% -19.9% -5.4% 1.8% 10.0% - 0.2% 4.7% EBITDA margin 8.2% 8.8% 7.5% 6.5% 5.3% 5.3% 5.3% 5.9% 6.2% 6.3% 6.5% EBIT** 181 190 139 99 57 69 82 107 115 119 138 Change yoy in % 10.5% 4.8% -26.8% -28.4% -43.6% 21.8% 18.1% 31.3% - 3.4% 16.5% EBIT margin 4.6% 4.8% 3.6% 2.6% 1.5% 1.9% 2.3% 3.0% 3.2% 3.4% 3.9% Capital Employed - - - - - - - - 2,066 2,019 1,899 Pre-tax RoCE (lease-adj.) - - - - - - - - 9.8% 10.2% 11.8% Capex 167 202 120 104 120 96 151 107 128 57 104 * New segment reporting structure; since 2009 including Dinea ** until 2003: EBITA Operating Statistics 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of stores 132 148 150 148 147 142 142 141 141 141 138 Selling space (1,000 sqm) 1,319 1,440 1,456 1,457 1,473 1,465 1,487 1,486 1,489 1,501 1,480 Change yoy in % 1.6% 9.1% 1.1% 0.1% 1.0% -0.5% 1.5% -0.1% 0.2% 0.7% -1.4% Average store size (sqm) 9,995 9,728 9,706 9,847 10,018 10,318 10,473 10,539 10,567 10,645 10,725 Sales/Øsqm ( ) 3,011 2,879 2,693 2,622 2,572 2,434 2,445 2,392 2,363 2,367 2,405 350 300 250 200 150 10 0 50 0 EBITDA and EBIT Margin 200020012002 20032004200520062007 200820092010 EBIT margin Western Europe 9% EBITDA 2010 Regional Sales Breakdown 5% 4% 3% 2% 1% 0% 91% Germany 24
Real Estate Financials ( million) 2008 2009 2010 EBITDA 927 953 1,087 Change yoy in % - 2.8% 14.1% 2010 Owned Stores by Region Asia/Africa Germany 11% 20% EBIT 538 551 698 Change yoy in % - 2.4% 26.8% Capital Employed 10,019 9,944 9,862 Pre-tax RoCE (lease-adj.) 6.3% 6.4% 7.9% Capex 1,060 580 490 Eastern Europe 36% 33% Western Europe Number of owned stores - 701 688 25
Dividend Payments Financial Year Dividend per Ordinary Share ( ) Payout Ratio Dividend per Preference Share ( ) Payout Ratio AGM Resolution dated Payment date 2000 1.02 55% 1.122 60% 20/06/2001 21/06/2001 2001 1.02 51% 1.122 56% 23/05/2002 24/05/2002 2002 1.02 47% 1.122 52% 22/05/2003 23/05/2003 2003 1.02 43% 1.122 48% 04/06/2004 07/06/2004 2004 1.02 44% 1.122 48% 18/05/2005 19/05/2005 2005 1.02 41% 1.122 45% 18/05/2006 19/05/2006 2006 1.12 41% 1.232 45% 23/05/2007 24/05/2007 2007 1.18 43% 1.298 47% 16/05/2008 19/05/2008 2008 1.18 39% 1.298 43% 13/05/2009 14/05/2009 2009 1.18 64% 1.298 62% 05/05/2010 06/05/2010 2010 1.35 43% 1.485 48% 06/05/2011 09/05/2011 Dividend payments on ordinary and preference shares will be made through Clearstream Banking AG by the depository institution; as prescribed by law, each payment will be reduced by a 25% final withholding tax on dividends (Kapitalertragsteuer/Abgeltungsteuer) plus solidarity surcharge (Solidaritätszuschlag) thereon (= 5.5% of the final withholding in dividends the latter under deduction by the German shareholder s depository institution) 26
Long-Term Maturity Profile million 1,250 1,000 750 Issued Maturity Nominal Outstanding ( ) Currency Coupon 29/05/2007 29/05/2012 500,000,000 EUR 4.75% 23/07/2009 23/07/2012 23,800,000 RON 11.55% 28/11/2008 28/11/2013 500,000,000 EUR 9.38% 14/07/2009 14/07/2014 600,000,000 EUR 5.75% 05/03/2009 05/03/2015 1,000,000,000 EUR 7.63% 22/02/2010 22/02/2017 750,000,000 EUR 4.25% 500 250 0 2011 2012 2013 2014 2015 2016 2017 Promissory Notes (Schuldscheindarlehen) Bonds As at 30/06/2011 27
Contact METRO GROUP Investor Relations Schlueterstrasse 1 40235 Duesseldorf Germany Tel.: +49 (0)211 6886-1051 Fax: +49 (0)211 6886-3759 Email: investorrelations@metro.de Internet: www.metrogroup.de 28