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Metro on the sale of Real to Auchan
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Metro on the sale of Real to Auchan




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  • 1. MADE TO TRADE .Disposal Real Eastern Europe30 November 2012 | © METRO AG 2012
  • 2. Disclaimer and NotesTo the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-lookingstatements (including within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21Eof the U.S. Securities Exchange Act of 1934, as amended). All forward-looking statements herein are based on certainexpectations and assumptions at the time of publication of this presentation and are subject to risks and uncertainties thatcould cause actual results, performance or financial position to differ materially from any future results, performance orfinancial position expressed or implied in this presentation. Many of these risks and uncertainties relate to factors that arebeyond METRO GROUP’s ability to control or estimate precisely, including (without limitation) future market and economicconditions, the behaviour of other market participants, the ability to successfully integrate acquired businesses and achieveanticipated cost savings and productivity gains, and the actions of government regulators. Readers are cautioned not toplace reliance on these forward-looking statements. METRO GROUP does not undertake any obligation to publicly updateany 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 topurchase, 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.For more information regarding the application of accounting methods please refer to the notes in the Annual Report 2011.MADE TO TRADE. Disposal Real Eastern Europe 30 November 2012 | © METRO AG 2012 1
  • 3. Strategic Rationale Transformation of our business models towards enhanced value for our customers Drive growth and aim for stronger market shares Take necessary investments into new capabilities and price competitiveness Protect operational earnings and improve cash flow Focus our resources to ensure swift and effective implementation Optimise our business portfolioMADE TO TRADE. Disposal Real Eastern Europe 30 November 2012 | © METRO AG 2012 2
  • 4. Key Transaction Details Disposal of all OpCo activities and owned PropCo assets in Poland, Romania, Russia and the Ukraine €1.1 billion enterprise value Net book gain on sale Significant reduction in rating-relevant* net debt by c.€1.5 billion: c.€0.9 billion less lease liabilities c.€0.6 billion cash inflow Relevant anti-trust authorities have to approve the transaction Closings expected in 2013Key Financials**€ million Poland Russia Romania Ukraine Total OpCo PropCoFY 2011 Sales 1,273 722 627 28 2,650 -FY 2011 EBIT 34 14 6 -7 47 24Stores per 26/11/2012 53 17 24 2 96 14***FTEs per 31/10/2012 8,543 4,297 5,678 615 19,133 -* according to S&P methodology; ** before special items and carve-outs; *** of which 10 in Russia and 4 in RomaniaMADE TO TRADE. Disposal Real Eastern Europe 30 November 2012 | © METRO AG 2012 3
  • 5. Another Step ForwardDeal Rationale Addresses strategic and financial priorities Reduces complexity Improves rating-relevant net debt and cash flow Channels investment and management attention to Metro Cash & Carry and Media-Saturn Focus on Real Germany under new leadership Making METRO GROUP stronger and more focussed on its core businessesMADE TO TRADE. Disposal Real Eastern Europe 30 November 2012 | © METRO AG 2012 4
  • 6. Q&A: Disposal Real Eastern Europe Olaf Koch CEO Mark Frese CFOMADE TO TRADE. Disposal Real Eastern Europe 30 November 2012 | © METRO AG 2012 5
  • 7. ContactInvestor RelationsSchlueterstrasse 140235 DuesseldorfGermanyTel.: +49 (0)211 6886-1051Fax: +49 (0)211 6886-3759Email: investorrelations@metro.deInternet: www.metrogroup.deMADE TO TRADE. Disposal Real Eastern Europe 30 November 2012 | © METRO AG 2012 6