Casino Guichard-Perrachon (CO) Strategy Update summary

Strategic transformation and restructuring

• Completed major financial restructuring, eliminating €5 billion in debt and securing €1.2 billion in equity to support long-term investments.

• Sold 425 hypermarkets and supermarkets, overhauled logistics, and signed agreements to limit redundancies.

• Undertook managerial and organizational restructuring, including new management appointments and changes to governance at Monoprix and Naturalia.

• Now operates 7,700 stores with 25,000 associates, focusing on franchising and convenience formats.

• Launched new concepts and partnerships, such as Franprix Oxygène, Monoprix e-commerce, and purchasing alliances with Intermarché, Auchan, and Aura Retail.

Strategic plan: Renouveau 2028

• Unveiled the 'Renouveau 2028' plan, structured in three phases: restore, recover, and grow, with a focus on financial, managerial, and organizational restructuring from 2024 to 2028.

• Aims to become the leader in convenience retailing, leveraging seven complementary brands and operating 7,700 stores, with 83% franchised.

• Five strategic drivers: brand strength, service culture, group synergies, people/team engagement, and societal/environmental values.

• Focuses on growth in food retail, quick meal solutions, non-food e-commerce, and tailored local offerings.

• Plans to accelerate franchisee success, streamline the network, and clarify brand positioning.

Market positioning and growth drivers

• Positioned as the leader in French convenience retail, with 42 million people living near a Casino brand store and 83% of stores franchised.

• Expanding private-label ranges, supporting local producers, and enhancing customer experience through omni-channel offerings.

• Growth will focus on daily food shopping, quick meal solutions, and new everyday services, with strong private-label development.

• Leveraging group synergies by optimizing logistics, pooling purchases, and joining retail alliances.

• Investing in team development, training, and fostering a culture of innovation and social responsibility.