Q1 2024

REVENUE

APRIL 24, 2024

Q1 HIGHLIGHTS

RevenueGross margin

€1,793M

+ 30bps

+0.7% vs Q1 2023

vs Q1 20231

Click&Collect

New Bond issuance

51%

€550m

of Q1 2024 online sales

2029 senior notes

1 Excluding dilutive impact from franchise.

2

RESILIENT REVENUE AND GROSS MARGIN

Q1 2024 revenue growth by region

Q1 2024 revenue at €1,793m, +0.7% on a reported

basis and down -0.8% on a like-for-like basis1

-0,7%

compared with Q1 2023

France and Switzerland

Mixed sales performance

-0,7%

• By region: resilience in all geographies. Spain recovering

-2,6%

in March. N&D stable.

Iberian Peninsula

15,5%

• By product category:

▪ Services continued to grow.

Belgium and Luxembourg

-0,4%

▪ Domestic Appliances back to positive territory thanks

to small appliances dynamism.

-0,5%

▪ Editorial Products impacted as anticipated by gaming

TOTAL GROUP

-0,8%

high comparison base.

▪ Consumer electronics still at a low point.

0,7%

Gross margin rate increasing +30 bps vs. Q1 2023

LFL

Reported basis

excluding dilutive impact from franchise

1 Like-for-like basis - LFL: excludes the effect of changes in foreign exchange rates, changes

3

in scope, and store openings and closures.

LONG-DATED DEBT MATURITY PROFILE

Successful refinancing of 2024 and 2026 senior notes: €550m maturing in April 2029

Undrawn credit lines:

  • RCF: €500m maturing in March 2028 with extension options to March 2029 and March 2030, with unchanged financial conditions
  • DDTL: €100m maturing in 2028 with extension options to 2029 and 2030

Financial debt by repayment maturity (in €m)

550

17

200

17

17

17

17

2024

2025

2026

2027

2028

2029

2030

No major refinancing before April 2029

Sollicited credit ratings

EIB loan

Convertible bond²

2029 Senior Notes

RCF: €500m

DDTL1: €100m

Corporate

BB+

BB+

BBB

Rating

Outlook

Negative

Stable

Stable

February 2024

February 2024

February 2024

1

Delayed Drawn Term Loan.

4

2

In case of non conversion.

OUTLOOK CONFIRMED

As communicated in February, growth is expected to pick up in 2024, supported by the declining inflation and savings rate level.

Q1 2024 business activity was stable compared to previous quarters. Timing of volumes recovery remains uncertain.

The Group reaffirms its guidance:

Current Operating Profit

Cumutlative FCF1

≥€171M

€500M

in 2024

over 2021-2024 period

1 Excluding IFRS 16.

5

Q&A

DISCLAIMER

IMPORTANT NOTICE: By reading this presentation, you agree to be bound by the following limitations and qualifications: certain information included in this release is not based on historical facts but on forward-looking statements. Such forward-looking statements speak only as of the date of this presentation and Fnac Darty expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this presentation to reflect any change in expectations or any change in events, conditions or circumstances (or otherwise) on which these forward-looking statements are

based. Such forward-looking statements are for illustrative purposes only. Investors are cautioned that forward-looking information and statements do not

guarantee future performance and are subject to various known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Fnac Darty, and could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking information and statements. These risks and uncertainties include those discussed or identified in Chapter 5 "Risk factors and internal control" of the Fnac Darty 2023 Universal Registration Document filed with the French Autorité des Marchés Financiers ("AMF") on 11 March 2024, and which is available in French and in English on the AMF's website at www.amf-france.org and on Fnac Darty's website at www.fnacdarty.com.

This material was prepared solely for informational purposes and does not constitute and is not to be construed as a solicitation or an offer to buy or sell

any securities or related financial instruments in the United States of America or any other jurisdiction. Likewise, it does not provide and should not be treated as providing investment advice. It does not reflect in any way the specific investment objectives, financial situation or particular needs of any recipient. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions expressed in this material are subject to change without notice.

This material is being furnished to you solely for your information, and it may not be reproduced, redistributed or published (whether internally or externally to your company), directly or indirectly, in whole or in part, to any other person. Failure to comply with these restrictions may result in the violation of legal restrictions in some jurisdictions.

The distribution of, or access to, this release in certain jurisdictions may be subject to legal or regulatory restrictions. Accordingly, any persons coming into possession of this document are required to inform themselves about and to observe any such restrictions. Fnac Darty expressly disclaims any liability as to the violation of such restrictions by any person.

Finally, the tables contain individually rounded data. The arithmetical calculations based on rounded data may present some differences with the aggregates or subtotals reported.

7

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Fnac Darty SA published this content on 24 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 April 2024 16:18:18 UTC.