Casino Guichard-Perrachon (CO) Investor Presentation summary

Strategic vision and transformation

• Renouveau 2030 plan extends the previous 2028 strategy, focusing on financial and operational restructuring, refocusing on convenience retail, and sustainable growth through 2030.

• Key levers include improving customer experience, brand differentiation, franchisee success, and supplier partnerships.

• Human resources strategy emphasizes talent development, new management culture, and cost optimization.

• Corporate social responsibility initiatives target local community engagement and environmental preservation.

• Shared service centers and centralized resources aim to improve efficiency and reduce costs across brands.

Financial trajectory and targets

• 2028 targets for EBITDA, cash conversion, and capex are confirmed, with a 2025–2030 CAGR of +4.3% for GMV and +2.4% for net sales.

• Adjusted EBITDA is projected to grow from €197m in 2025 to €644m in 2030, with FCF before financial expenses rising from -€108m to €286m.

• Cumulative net capex of €1.7bn is planned for 2025–2030, with a focus on refurbishment, maintenance, and expansion.

• An additional €150m+ in savings is targeted over 2029–2030 through shared services, rent renegotiation, and logistics optimization.

Brand strategies and business plans

• Monoprix aims for 100% store renovation by 2030, expansion in strategic regions, and enhanced omni-channel services, targeting €4.4bn net sales and €201m FCF by 2030.

• Franprix plans to convert 85% of stores to the Oxygène concept, open 200 new stores, and improve franchisee profitability, targeting €1.76bn net sales and €48m FCF by 2030.

• Casino Vival/SPAR focuses on portfolio rationalization, franchise transfers, and new concepts, aiming for €1.53bn net sales and break-even FCF by 2030.

• Naturalia targets 70% of stores in the La Ferme concept, new organic offerings, and loyalty program reinforcement, with €349m net sales and €9m FCF by 2030.

• Cdiscount seeks to grow its customer base by 15%, expand marketplace and B2B activities, and improve customer experience, targeting €1.2bn net sales and €61m FCF by 2030.