metro on the sale of real to auchan

MADE TO TRADE.Disposal Real Eastern Europe

30 November 2012 | © METRO AG 2012

30 November 2012 | © METRO AG 2012MADE TO TRADE. Disposal Real Eastern Europe 1

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 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.

Disclaimer and Notes


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 portfolio


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 liabilitiesc.€0.6 billion cash inflow

Relevant anti-trust authorities have to approve the transaction

Closings expected in 2013

Key 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 24

Stores 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 Romania


Another Step Forward

Deal 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 businesses


Q&A: Disposal Real Eastern Europe

Olaf KochCEO

Mark FreseCFO


Investor Relations

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Germany

Tel.: +49 (0)211 6886-1051

Fax: +49 (0)211 6886-3759

Email: [email protected]

Internet: www.metrogroup.de

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metro on the sale of real to auchan

Economy & Finance