O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024

O'KEY Group S.A.
O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024
06-Nov-2024 / 07:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

Press release

6 November 2024

O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3
2024

O`KEY Group S.A. (AIX, MOEX: OKEY, the“Group” or the“Company”), one of Russia's leading food retailers, has announced its unaudited operating results for the third quarter (Q3) and the nine months (9M) of 2024.

All materials published by the Group are available on its website at .

Q3
2024 operating highlights

• Group net retail revenue[1] increased by 4.4% YoY to RUB
  51.0
  bn, driven mainly by LFL revenue growth of both O'KEY hypermarkets and DA!
  discounters.
• O`KEY hypermarkets' net retail revenue grew by 1.0% YoY to RUB
  33.3
  bn on the back of a 1.0% increase in LFL revenue.
• DA! discounters' net retail revenue went up 11.5% YoY to RUB
  17.7
  bn, led by a 7.8% increase in LFL revenue and the selling space growth.
• DA! discounters' share in the Group's net retail revenue amounted to 34.7%.

9M 2024 operating highlights[2]

• Group net retail revenue rose by 5.6% YoY to RUB
  155.6
  bn.
• O`KEY
  hypermarkets' net retail revenue was up by 1.6%
  YoY to RUB 102.7
  bn, led by a 2.1% increase in LFL revenue.
• DA! discounters' net retail revenue grew by 14.3% YoY to RUB
  52.9
  bn, driven by a 7.2% LFL revenue growth and the chain's expansion.

Key events in Q3
2024

• In August, the Group completed the process of changing its depositary for the global depositary receipts (GDR) programs and appointed RCS Group as a new depositary effective from August 12, 2024.

The full text of the announcements is available at style="margin-top:0pt; margin-bottom:6pt; text-align:justify; line-height:115%; font-size:11pt">

href="#_ftnref1" style="text-decoration:none">[1 Hereinafter the net retail revenue, LFL net retail revenue, and online revenue metrics are provided net of VAT.

[2] Hereinafter the net retail revenue and LFL net retail revenue for 9M
2024 vs 9M
2023 is not adjusted for a leap-year effect, i.e. there was an additional trading day in February 2024 compared to February 2023.

Operating review

Group Net Retail Revenue in
Q3 and 9M
2024

Group Net Retail Revenue Monthly Dynamics in
Q3 2024

Group Like-for-like Net Retail Revenue Performance in Q3 and 9M
2024

Note: Q3
2024 LFL metrics are calculated based on 77
O`KEY and 210
DA! stores.

Group Stores and Selling Space in 9M
2024

As of 30
September 2024, the Group operated 77
O`KEY hypermarkets and 219
DA! discounters with a total selling space of 659,973
sq
m.

For more information, please contact:

ABOUT O`KEY GROUP

O`KEY Group S.A. (AIX, MOEX: OKEY) is one of the leading grocery retailers in Russia, operating hypermarkets under the O`KEY brand and discounters under the DA! brand.

As of 30
September 2024, the Group had 296
stores across Russia (77
hypermarkets and 219
discounters) with a total selling space of 659,973
sq
m. O`KEY opened its first hypermarket in St
Petersburg in 2002 and has since demonstrated continuous growth. It was the first Russian food retailer to launch e-commerce operations offering a full range of hypermarket products for home delivery. The Group operates e-commerce pick-up and delivery points in 72 O'KEY hypermarkets across the country. In 2015, we launched the first discount chain in Russia under the DA! brand. The Group operates five distribution centres in Russia
– three in Moscow and two in St
Petersburg
– and employs 19,200
people.

In 2023, the Group's revenue amounted to RUB
207.9
bn, and EBITDA reached RUB
17.0
bn.

The O`KEY Group shareholder structure is as follows: NISEMAX
Co
Ltd
– 49.11%. GSU
Ltd
– 34.14%, free-float and other holders
– 16.75%.

DISCLAIMER

These materials contain statements about future events and expectations that are forward-looking statements. These statements typically include words such as 'expects' and 'anticipates' and words of similar import. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

None of the future projections, expectations, estimates or prospects in this announcement should be taken as forecasts or promises, nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in this announcement. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

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The issuer is solely responsible for the content of this announcement.