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GROUPE Casino NOURRIR UN MONDE DE DIVERSITÉ FIRST - HALF 2021 RESULTS AND SECOND - QUARTER 2021 NET SALES Further increase in profitability Trading profit up + 24 % at constant exchange rates , of which + 9 % in France and + 33 % in Latin America Net sales for first half stable ( -0.5 % ) on an organic basis In France , success in the transformation of banners with trading margin up +81 bps and 353 stores opened , laying the foundation for a strong return to growth in H2 In France Contribution to consolidated EBITDA in Em H1 2020 H1 2021 Retail banners Margin ( % ) 501 543 6.8 % 7.9 % Change +43 +114 bps Change % + 9 % Contribution to consolidated trading profit in Em H1 2020 H1 2021 Change Change % Impact of transformation plans 97 146 +49 + 50 % 1.3 % 2.1 % +81 bps Vindémia 22 -22 Sold in June 2020 22 -22 Green Yellow 34 28 -7 -20 % Change in business model 31 19 -12 -40 % Property development 4 3 -2 -41 % 4 2 -2 -47 % Total France Retail 561 573 +12 + 2 % 154 166 +12 + 8 % Cdiscount 43 48 +5 + 13 % 6 7 +1 + 12 % Total France 604 622 Margin ( % ) 6.9 % 8.0 % +18 +105 bps + 3 % 160 173 +13 + 9 % 1.8 % 2.2 % +39 bps Retail banners¹ : > > > > > Strong increase in profitability across all banners with trading margin up +81 bps to 2.1 % . Trading profit rose by + 50 % ¹ ( + € 49m ) thanks to the Group's transformation plans and reduced Covid- related costs , in a context of lower net sales relative to the very high basis of comparison due to the first lock - down during H1 2020 . Net sales represented a same - store change of -8.4 % in Q2 2021 , due to the high basis of comparison in 2020 ( + 6.0 % in Q2 2020 ) , the temporary drop of tourism and public health restrictions in H1 2021 ( closure of non - essential product sections , curfew ) . Looking beyond these temporary challenges , the Group continued to activate its growth drivers : " Faster delivery on the strategic priorities of : ( i ) expansion , with the opening of 353 convenience stores during H1 ( initial target : 300 stores ) , and ( ii ) E - commerce , with same - store sales up + 103 % over two years , outperforming the market ( + 59 % ² ) , and continued roll - out of the Ocado and Amazon partnerships and quick - commerce solutions from 800 stores . Outlook for H2 2021 : growth in profitable formats , with ( i ) expansion of the store base ( 400 openings in local formats Franprix , Vival , Naturalia , etc. ) and ( ii ) acceleration in E - commerce thanks to our exclusive partnerships ( Ocado , Amazon ) and the solutions deployed at our stores . Inflection since early July with sales down -4.0 % ³ on a same - store basis vs. -8.4 % in Q2 , i.e. an improvement of +4.4 pts , and an increase in Cdiscount GMV of + 13.5 % . Cdiscount : H1 2021 EBITDA of € 48m² . Further growth in the marketplace in H1 of + 33 % over two years ( + 10 % year - on - year ) and growth in digital marketing of + 72 % over two years ( + 44 % y - o - y ) . Outlook for H2 2021 : further progress on priority strategic plans ( marketplace , digital marketing , Octopia ) resulting in strong EBITDA growth . Green Yellow : strong business momentum , with a photovoltaic pipeline of 809 MWp ( + 85 % vs. H1 2020 ) and 3.5 GWp in additional opportunities . Outlook for H2 2021 : growth in EBITDA . RelevanC : growth in net sales of + 32 % in Q2 2021. Signing of a commercial partnership with Google Cloud and Accenture . Outlook for H2 2021 : accelerated expansion in France and internationally . Disposal plan : signing with BNPP of a partnership and an agreement for the disposal of Floa for a total amount of € 179m³ and securing of a € 99m6 earn - out , bringing total disposals to € 3.1bn . The Group is maintaining its target of € 4.5bn in asset disposals in France . Improved financial terms , revised covenants and extension of € 1.8bn of Casino's main syndicated credit facility to July 2026. At 30 June 2021 , the Group comfortably complied with the covenant " , with headroom of € 359m on EBITDA after lease payments ( 2.1x vs. limit of 3.5x ) . In Latin America Strong growth in profitability with H1 EBITDA and trading profit up + 21 % and + 33 % respectively at constant exchange rates . Organic growth in net sales of + 5.5 % in Q2 , driven by Assaí ( + 22 % ) . Two - fold increase in Latam asset value since the Assaí spin - off was announced³ . 1 France Retail excluding Green Yellow , real estate development and Vindémia ( sold on 30 June 2020 ) 2 Source : Nielsen , YTD P06 2021 , over two years 3 Same - store change in sales for the four weeks to 25 July 2021 4 Contribution to consolidated EBITDA . Data published by the subsidiary : EBITDA of € 49m ( stable vs. H1 2020 ) 5 Including € 129m relating to the sale of shares and an additional € 50m notably linked to the renewal of commercial agreements between Cdiscount , Casino banners and FLOA 6 As part of the real estate disposals made in 2019 7 Secured gross debt to EBITDA after lease payments on France Retail + E - commerce perimeter excluding Green Yellow ( see press release dated 19 July 2021 ) 8 Announcement of the Assaí spin - off on 9 September 2020 Thursday , 29 July 2021 ▪ 1