METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021

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METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
METRO FACTBOOK FY 2019/20
24TH ODDO BHF FORUM
12 January 2021
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
DISCLAIMER AND NOTES
To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements.
All forward-looking statements herein are based on certain estimates, expectations and assumptions at the time of publication of this presentation and
there can be no assurance that these estimates, expectations and assumptions are or will prove to be accurate. Furthermore, the forward-looking
statements 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 AG's ability to control or estimate precisely. The risks and uncertainties which these forward-looking statements may be subject to include
(without limitation) future market and economic conditions, the behavior of other market participants, invest in innovative sales formats, expand in online
and multichannel sales activities, 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 AG 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 and should not be treated as investment advice or recommendation. It is not, and nothing in it should be
construed as an offer for sale, or as a solicitation of an offer to purchase or subscribe to, any securities in any jurisdiction. Neither this presentation nor
anything contained therein shall form the basis of, or be relied upon in connection with, any commitment or contract whatsoever. This presentation may
not, at any time, be reproduced, distributed or published (in whole or in part) without prior written consent of METRO AG.

Not all figures included in this presentation have been audited and certain figures may also deviate substantially from information in the consolidated
financial statements of METRO AG, thus, may not be fully comparable to such financial statements. The hypermarket business for sale is reported as a
discontinued operation as of 30 September 2018 due to the ongoing sales process. Following the signing of the contract for the disposal of a majority stake
in METRO China to Wumei Technology Group, METRO China has been reported as discontinued operation as of 30 September 2019. Meanwhile the sale has
been closed and was reflected in Q3 and FY 2019/20 reporting. METRO will retain only 20% stake in METRO China. The discontinued segment primarily
includes Real, majority of METRO China and some other individual companies or assets. All following explanations of the business development will focus on
the continuing operations unless stated otherwise. Furthermore, the results are reported based on the retrospective adjustments due to IFRS 16.

This presentation includes supplemental financial measures which are or may be non-GAAP financial or operative measures. These measures should not be
viewed in isolation as alternatives to financial measures presented in accordance with IFRS. Other companies that disclose similarly titled measures may
calculate them differently. All amounts are stated in million euros (€ million) unless otherwise indicated. Amounts below €0.5 million are rounded and
reported as 0. Rounding differences may occur.

2   12.01.2021   © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
01                             COMPANY PROFILE

3   12.01.2021   © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
COMPANY STRUCTURE

                               Discontinued operations in FY 2019/20

                               Hypermarket                  METRO China
                               Closed on 25.06.2020         closed on 23.04.2020

4   12.01.2021   © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
YOUR SUCCESS IS OUR BUSINESS

                 HoReCa                                Trader             SCO
                  42%                                   23%               35%
                                                                                       Diversified customer portfolio
            Cash & Carry + Delivery                                                    with strategic focus on
                                                                                       Hospitality & Convenience

                                                                                       Operating in 24 countries
                                                                                       with 678 wholesale stores
                                                                                       under METRO/ MAKRO brand
            FSD                                               Franchise

                                                                                       8k Trader Franchise partners
                                                                                       in 9 countries
                                                                           exemplary

           Wholesale 360                                                               Wholesale 360 as competitive
                                                                                       advantage through development
                                                                                       of true customer partnerships

                                                                                       ~98k strong METRO
                                                                                       employees who are champions
                                                                                       for independent businesses
          Sales1 % of total       1   LfL sales FY 2019/20

5   12.01.2021   © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
WE 4 YOU
      We are for our Employees                                                 We are for our Customers                         We are for our Society

    We invest in our employees and this year                                We pay tribute to independent business             With METRO Sustainable and our work on
    we are named one of the Top Employers by                                owners and celebrate their success with            the basis of our focus areas we contribute
    the “Top Employers Institute”1                                          Own Business Day across METRO countries            to sustainable communities worldwide

17   METRO national subsidiaries and 6 service companies received the renowned certification by the Top Employers Institute.

6     12.01.2021    © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
SUSTAINABILITY – FOCUS AREAS

                                                                                      Within 8 focus areas, we concentrate on the following 3 topics:

                                                                            Food waste                       Organic and
                                                                                                                                       Conscious proteins
                                                                                                         responsible products

                                                                   We are a member of                                                    Innovation and
                                                                    Consumer Goods                       We have a wide range       transformation with next
                                                                 Forum (CGF) and part                        policies and a         generation food to drive
                                                                 of 10x20x30 initiative                 respective wide range of    change towards more
                                                                   to reduce food waste                 organic and responsible    sustainable consumption
                                                                  along the supply chain                products on our shelves          and production

                                                                 Cooperating in 9 METRO                Extending functionalities     Product development in
                                                                 countries with Too Good                of traceability system      Own Brand range well in
                                                                      To Go (TGTG)                      PROTrace to reduce                  progress
                                                                                                             illegal fishing
Find our latest report below: https://reports.metroag.de/corporate-responsibility-report/2019-2020/

7   12.01.2021    © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
MANAGEMENT BOARD

    Christian Baier             Rafael Gasset               Andrea Euenheim                Eric Poirier

Chief Financial Officer and     Chief Operating Officer     Chief Human Resources          Chief Operating Officer
Co-CEO ad interim               (Trader Cluster) and        Officer and Labour             (HoReCa Cluster)
                                Co-CEO ad interim           Director

Member of the Management                                                                   Member of the Management
Board of METRO AG since         Member of the Management    Member of the Management       Board of METRO AG since 1
11 November 2016                Board of METRO AG since 1   Board and Labour Director of   April 2020
                                April 2020                  METRO AG since 1 November
Term ending:                                                2019                           Term ending:
30 September 2025               Term ending:                                               31 March 2023
>8 years in METRO               31 March 2023               Term ending:                   20 years in METRO
                                >10 years in METRO          31 October 2022

8    12.01.2021   © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
02                             FY 2019/20
                               SHOWING RESILIENCE IN
                               THE LIGHT OF COVID-19

9   12.01.2021   © METRO AG.
METRO FACTBOOK FY 2019/20 - 24TH ODDO BHF FORUM 12 January 2021
FY 2019/20 – DELIVERED ON OUR TARGETS

                                                                                                                                                                                                                 ~€30 m
                                                                                                                                                                                                               Savings this
             Real                                                                                    Continuously accelerated                                                                                  year2 for HQ
     Transaction closed                                                                                                                                                                                         structures
        25.06.2020                                                                                  growth ahead of COVID-19…
                                                                                                    (Q1 growth: HoReCa +3,5% / Trader1 + 3,6%)

                               +                                                                 … as HoReCa sector significantly                                                                                 €-47 m
                                                                                                   impacted by governmental                                                                                     in one-offs
                                       METRO China                                                        restrictions
                                       Transaction closed
                                          23.04.2020
                                                                                                  Flexible C&C operations and
                                                                                                 diverse customer access prove                                                                                  ~150 FTE
         €2.0 bn net cash proceeds                                                                   to be especially valuable                                                                                   affected

         Finalized milestone
                                                                                                                              LfL                                                               Adjusted HQ structures
            transactions                                                                                                    -3.9%                                                                    accordingly

                          ✓                                                                                                       ~                                                                                  ✓
1   Trader countries: Bulgaria, Czech Republic, India, Pakistan, Poland, Romania, Serbia, Slovakia, Russia   2   In line with low double digit savings assumption. Saving mid-term should amount to mid double digit €m

10      12.01.2021      © METRO AG.
FY 2019/20 – DELIVERING ON OUR AIM

                                                                     •     METRO aims to be a “partner like no other” to HoReCa and Trader customers…

                                                                                                              Partnership                                         Availability
                                                                                                              Sales force: focused on                             >95% stores remained open
                                                                                                              poaching new customers from                         during lockdown, focusing on
                                                                                                              competition                                         product availability

                                                                     •     …whose businesses [are sometimes challenged but] are supported by global
                                                                           megatrends and exposed to technology disruption…

                                                                                                              52%1                                                39%1
                                                                                                              respondents choose own                              of all consumers are convinced
                                                                                                              businesses in their area for                        that the diversity of independent
                                                                                                              high quality and service                            businesses enriches one’s life

                                                                     •     by addressing all their needs through a full suite of wholesale products, services
                                                                           and solutions

                                                                                                              >200k                                               B2B2C
                                                                                                              Restaurateurs using                                 addressed acceleration in online
                                                                                                              digital tools                                       grocery by engaging with B2B2C
                                                                                                                                                                  players during pandemic

1   METRO International Own Business Study 2019/2020. 10,000 respondents including 1,500 business owners, in 10 countries. https://www.metro-cc.com/media/own-business-study

11    12.01.2021     © METRO AG.
FY 2019/20 – FINANCIAL HIGHLIGHTS

       “Robust                                           4.5%
                                   €25.6bn                                “Customer
      earnings                                        Adj. EBITDA
     momentum”
                                    Sales
                                                        Margin            recovery”

        +9%                                                               €2.0 bn in
        Trader                      €1.27                €0.70               Cash
                                  Reported EPS        Proposed dividend
     countries LfL                                                         Proceeds

                                   €3.8 bn                                 “Sales and
            3.8%                                         “Strong
                                   Net debt                               adj. EBITDA
          Russia LfL                                     Balance
                                [€1.6bn improvement                       at the upper
           growth                                        sheet”
                                       to PY]
                                                                              end”
12   12.01.2021   © METRO AG.
FY 2019/20 – UPPER END OF THE REVISED GUIDANCE1

        Sales growth2                                                                        LfL sales growth2                                                                        Adjusted EBITDA2,3

          9M 19/20            FY 19/20             FY 19/20                                   9M 19/20            FY 19/20                  FY 19/20                                     9M 19/20             FY 19/20            FY 19/20
                              Guidance                                                                            Guidance                                                                                    Guidance

                                                                                                                                                                                           - 192
                                                                                                                                                                                                                                       - 205
                                                    - 4.0%                                                                                   - 3.9%
                               -3.5 to                                                                             -3.5 to                                                                                      -200 to
                                -5%                                                                                 -5%                                                                                          -250

                 - 5%                                                                              - 5%

         • Upper end of guidance range                                                                                                                                               • Upper end of guidance range
         • Supported by the strong Q4 sales, only slightly below PY level                                                                                                            • Cost contingency measures limited
                                                                                                                                                                                       effect of sales loss
         • Russia and Eastern Europe with positive growth vs PY

1   Guidance for financial year 2019/20, as adjusted on 3 August 2020   2   At constant FX and before portfolio measures   3   Adj. EBITDA - EBITDA pre transformation costs and real estate gains. The number represents fx-adjusted delta to PY

13     12.01.2021      © METRO AG.
FY 2019/20 – A YEAR IN REVIEW

       1                                                        2                       3                            4
Covid-19 Impact
None                                              Minor                        Strong                        Minor

 • Like-for-like sales growth                     • Accelerated growth with    • HoReCa sales strongly       • Sales performance
   driven by most regions                           HoReCa and Trader before     affected by lockdowns but     roughly on par with the PY
                                                    Covid-19                     steep recovery in June
 • Continuously strong                                                                                       • HoReCa sales recovered
   growth with key customer                       • Stock-up sales by SCO      • Sales development was         notably and contributed to
   groups HoReCa and Trader                         customers                    supported by stable           significant trend
                                                    overcompensate first         growth with Trader and        improvement compared to
                                                    negative effects in          accelerated with SCO          Q3
                                                    HoReCa from govern-
                                                    mental restrictions
      HoReCa            Trader1   SCO   1   Full Trader sales

14   12.01.2021   © METRO AG.
Continuing operations

SOLID PERFORMANCE AMID COVID-19 RESTRICTIONS

                                               Q4      Q4       FY      FY                                                                  Sales
  €m / %
                                             2018/19 2019/20 2018/19 2019/20                                                              • Sales development for the year driven by mix of

Total Sales                                     6,856                     6,509              27,082              25,632                                 • Stable and accelerated growth with Trader & SCO
                                                                                                                                                        • Horeca affected by lockdowns but recovered in Q4
Like-for-like growth                            2.1%                  -0.5%                   2.1%                -3.9%
                                                                                                                                          • Resilient sales development supported by market share gains
Reported growth                                 3.3%                  -5.1%                   1.1%                -5.4%                     and positive development in Russia and Eastern Europe
Delivery Sales Share                             18%                       17%                 17%                  15%                   Adj. EBITDA
Adj. EBITDA1                                      359                      323                1,392               1,158                     • Stable operating performance in Russia, Eastern Europe and
                                                                                                                                              Germany
     thereof FX                                                             -23                                      -29
                                                                                                                                            • The government restrictions had a negative impact
Adj. EBITDA margin                              5.2%                      5.0%                5.1%                 4.5%                       especially on Western Europe and Asia which were partly
                                                                                                                                              offset by:
Transformation costs                                0                         0                   0                  -47
                                                                                                                                                       • cost savings from efficiency program at the headquarters
Real estate gains                                 274                         0                 339                    3
                                                                                                                                                       • benefit from improved operating result in logistics
Reported EBITDA                    2
                                                  633                      323                1,731               1,113                                • license fee from Wumei3
                                                                                                                                          Reported EBITDA
                                                                                                                                          • Reported EBITDA impacted by transformation costs and
                                                                                                                                            lower real estate gains

1Adj.EBITDA - EBITDA pre transformation costs and real estate gains   2   Reported EBITDA – Including transformation costs and real estate gains   3   Part of the transaction includes the license fee paid by Wumei for use of
brand over the next three years; reported in ‘Others’

15      12.01.2021   © METRO AG.
FY 19/20 – SUPPORTING CUSTOMERS AND EMERGING
STRONGER THAN THE MARKET                                                                                                                                                                                                                  HORECA MARKET
                                                                                                                                                                                                                                          METRO HoReCa

                                     METRO Germany                                                                              METRO Italy                                                                        METRO France
                     %                                                                               %                                                                                        %
country specific
 Customized &

                                                                                                                                                    Up to 30% p.p                                                                 Up to 30% p.p
  market data

                                                              Up to 40%p.p

                                                                                                                                                                                                       Mar

                                                                                                                                                                                                                            May

                                                                                                                                                                                                                                                   Sep
                                                                                                                                                                                                                                    Jul
                          Mar

                                              May

                                                                                                              Mar

                                                                                                                                   May
                                                                                         Sep

                                                                                                                                                                              Sep
                                                                   Jul

                                                                                                                                                        Jul
                       Eurostat (calendar and seasonally adjusted, nominal)
widely available

                       Food and beverage service activities vs METRO FY 19/20 Horeca Sales
Standardized &

 market data

                                                                                                                 Full year 2019/20

                                                                 ~-13%                                                                              ~-22%                                                                         ~-16%
                          ~-19%                                                                              ~-27%                                                                              ~-20%
                                                                  METRO                                                                             METRO                                                                         METRO
                          Market                                                                             Market                                                                             Market
                                                                 Germany                                                                             Italy                                                                        France

            Different indicators point to MERTRO’s outperformance in key Western European Markets

                                 Germany: DWH, npdgroup CREST Panel (Außer-Haus-Markt Deutschland Total), n≈ 12.000 participants / Month. Sell-out perspective
                                 Italy: Estimated value. Sources: Resident consumptions: NPD monthly panel | Tourism-related: ISTAT (hotel presences until June) + FEDERALBERGHI (Jul-Sep press release); METRO sales = Horeca
16    12.01.2021   © METRO AG.
                                 Food sales. Sell-out perspective
                                 France: Market assessment based independent market size by Food Service Vision. Sell-out perspective
Continuing operations

REGIONAL PERFORMANCE                                                                                                                          1
     HoReCa       Trader         SCO                                 1                                                                                                                        1
                                                              42%                                                                      42%
                                                                                                                                                                                         60%
         Germany                                         13%
                                                                                                                                   23%              Western Europe                17%

 €m / %                                        FY 2019/20                                                                                         €m / %                 FY 2019/20
                                                                                                   2,1%       2,8%
 Sales                                             4,699                                                                                          Sales                    9,603
Like-for-like growth                               -0.8%                                                                                          Like-for-like growth     -10.6%
Reported growth                                    -0.8%                                                                                          Reported growth          -10.7%
 Adj. EBITDA      2                                    125                                                               -3,9% -3,5%              Adj. EBITDA   2
                                                                                                                                                                            394
EBITDA margin                                       2.7%                                            FY 2018/19            FY 2019/20              EBITDA margin            4.1%
 Constant FX to PY                                     -3                                                                                         Constant FX to PY         -242
                                                                                                  Like-for-like growth    Thereof: Food

                                                                     1                                                                    1                                                   1
                                                              14%
                                                                                                                                      31%                                               34%

     Russia                                                    31%
                                                                                        Eastern Europe                             33%              Asia                           36%

€m / %                                     FY 2019/20                                €m / %                              FY 2019/20               €m / %                 FY 2019/20
Sales                                           2,644                                Sales                                 7,125                  Sales                    1,539
Like-for-like growth                            3.8%                                 Like-for-like growth                   2.2%                  Like-for-like growth     -7.0%
Reported growth                                 -0.7%                                Reported growth                       -0.9%                  Reported growth          -9.3%
Adj. EBITDA2                                     224                                 Adj. EBITDA2                           371                   Adj. EBITDA2               0
EBITDA margin                                   8.5%                                 EBITDA margin                          5.2%                  EBITDA margin            0.0%
Constant FX to PY                                  0                                 Constant FX to PY                       -1                   Constant FX to PY         -40

 1Likefor like sales shares FY 2019/20 2Adj. EBITDA - EBITDA pre transformation costs and real estate gains
 Note: Transformation costs affect segment “others”

17   12.01.2021       © METRO AG.
Continuing operations

EBITDA TO EPS FROM CONTINUING OPERATIONS

                                  Q4      Q4       FY      FY             D&A
 €m / %
                                2018/19 2019/20 2018/19 2019/20           • Increase in D&A driven by higher IT-investments
                                                                            with shorter useful life, a goodwill impairment in
Reported EBITDA                  633      323    1,731       1,113          Q2 for CFF and smaller Covid-19 driven
D&A                              -204    -228    -774         -856          impairment of assets in Q4
                                                                          Net financial result
EBIT                             429      94      957         257
                                                                          • Improvement in the interest and investment
     Interest and investment                                                result due to lower financing costs
                                  -59     -55    -241         -217
     result
                                                                          • IFRS 16 accounting for EUR based lease
     Other financial result        6      -36     12           -72          contracts paired with strong quarter-end
                                                                            devaluation of many CEE currencies increases
Net financial result              -53     -91    -230         -289
                                                                            volatility in Other financial result, which is non-
EBT                              377      4       728         -32           cash in nature

Tax expense                      -158     -14    -301         -108        Tax
                                                                          • Tax expense is significantly below previous year
Net income                        216     -11     421         -146          due to lower earnings
EPS from continuing
                                 0.60    -0.03   1.16        -0.40        EPS from cont. operations
operations in € 1
                                                                          • EPS from cont. operations decrease driven by a
                                                                            combination of operating deleverage, low real
                                                                            estate gains, higher depreciation and FX volatility

18   12.01.2021   © METRO AG.
REPORTED EPS SUPPORTED BY SUCCESSFUL
  EXECUTION OF TRANSFORMATIONAL TRANSACTIONS
                                    Q4        Q4        FY        FY      EPS from continuing operations
€m / %
                                  2018/19   2019/20   2018/19   2019/20   • Significant EPS increase in FY 18/19 due to
                                                                            earlier execution of two real estate transactions
EPS from cont. operations          0.60      -0.03     1.16      -0.40      in China and better net financial result
EPS from disc. operations          -0.53     0.22      -0.27     1.67     • FY 19/20 was negatively affected by
                                                                            governmental restrictions in relation to Covid-19

Reported EPS                       0.07      0.19      0.89      1.27     EPS from discontinued operations
                                                                          • Significant growth driven by successful execution
Proposed DPS                                           0.70      0.70
                                                                            of transformational transactions
                                                                          Reported EPS
                                                                          • 43% increase in reported EPS to previous year
                                                                          Proposed DPS
                                                                          • Proposed dividend of €0.70 based on reported
                                                                            EPS, resulting in 55% payout ratio

  19   12.01.2021   © METRO AG.
Continuing operations

FREE CASH FLOW AND NET DEBT

                                                                  FY      FY                                                                      Change in NWC
  €m / %
                                                               2018/19 2019/20                                                                    • Decline is driven by high base last year and negative effects
                                                                                                                                                    from Covid-19, especially affecting Western Europe
Adj EBITDA1                                                        1,392                 1,158
                                                                                                                                                  Cash Investments
Leases                                                              -507                  -509                                                    • Overall reduction of cash investments also driven by Covid-
Adj EBITDA after leases   1
                                                                     886                   649                                                      19 contingency measures
                                                                                                                                                  • Continued investments into digitization
Change in NWC                                                         27                  -172
                                                                                                                                                  Net debt
Cash Investments                    2
                                                                    -429                  -356                                                    • €1.6 bn reduction in net debt:
FCF 3                                                                484                   121                                                      • due to the disposal of the majority stake in METRO China
                                                                                                                                                      and the hypermarket business (€2.0 bn)
FCF Conversion in %                                                 55%                   19%                                                       • weaker operative performance due to Covid-19 (~€-0.4
                                                                                                                                                      bn)
Net debt (30 Sept)                                                 5,419                 3,771

1Adj.EBITDA - EBITDA pre transformation costs and real estate gains. 2 Cash Investments = Capex (excl. M&A) - Right of Use Assets + Financial Assets + Down payments/Prepayments. Cash investments definition has been
changed due to IFRS 16 to reflect the cash view. 3 FCF Conversion in % is a ratio between the simplified free cash flow and the adjusted EBITDA after leasing-payments. The simplified free cash flow is calculated as adjusted
EBITDA less leasing-payments and cash investments (excluding mergers and acquisitions) +/- changes in net working capital

20      12.01.2021     © METRO AG.
03                              FY 2020/21 AND BEYOND;
                                OUTLOOK AND EXPECTATION

21   12.01.2021   © METRO AG.
CURRENT TRADING UNDER PRESSURE IN LIGHT OF
ONGOING GOVERNMENTAL RESTRICTIONS

          1                          2
       LFL Sales – all customer groups
                                            3      4         October November

                                     2%
              1%
                                                       -1%

                                                                    -12%
                                            -18%

       LFL Sales – HoReCa

              4%

                                     -10%              -8%

                  >7%    growth in
                    January and
                      February
                                                                    -34%
                                            -47%

22   12.01.2021    © METRO AG.
HOW WE SEE FY 2020/21

           Measures we are                       Assumptions with which            Impact
           taking                                we operate                        that we envisage

       •    Learnings from the first         •   Duration and intensity of   •   Further improvement of
            wave of Covid-19                     governmental restrictions       competitive position
                                                 are not known               •   Gain further market share
                  Protect-Preserve-Grow
                                             •   Timing around widely        •   Return to sustainable
       •    Continuously strong
                                                 available vaccine is not        sales and earnings
            financial profile
                                                 clear                           growth after Covid-19
                  €1.6 bn reduction of net                                       pandemic
                                             •   Therefore, we plan with
                  debt to PY
                                                 different scenarios and
                                                 update them regularly

23   12.01.2021    © METRO AG.
OUTLOOK FY 2020/21
                                             Guidance1                                                                            Additional comments
                                                                                                                                  •      1 month of full lockdown in country portfolio: sales
                                                                                                                                         loss of ~ €400 m or ~ 1.5% pp. to PY
                                             FY 2019/20                            FY 2020/21
                                                                                                                                  •      High comparison basis for H1 FY20/21 with more
                                                                                                                                         favorable business environment from spring 2021
             Sales                                                                  slightly below
        growth in local                            -4.0%                           previous year (in                              •      Highest impact in HoReCa regions i.e. Western Europe
           currency                                                                 absolute sales)
                                                                                                                                  •      Russia and Asia are expected to perform better than
                                                                                                                                         the group
                                                                                    slightly below
            LfL growth                             -3.9%                           previous year (in                              P&L
                                                                                    absolute sales)
                                                                                                                                  •      Real estate gains: mid-high double digit €m (€3 m in
                                                                                                                                         19/20)
                                                                                   decline by a mid-
                                                                                                                                  •      Transformation costs: low-double digit €m (€-47m in
                                                                                     double-digit                                        19/20)
          Adj.EBITDA2                            €1,158 m
                                                                                     million euro                                 •      D&A: c. €-850 m (€-856 m in 19/20)
                                                                                        amount
                                                                                                                                  •      Net financial result3: c. €-225 m (€-289 m in 19/20)
                                                                                                                                  •      Tax expense: roughly on FY19/20 (€-108 m in 19/20)

1 At constant FX and before transformation costs, portfolio measures. Furthermore, the outlook is based on the assumption that negative impacts of the Covid-19 pandemic will not surge again in countries relevant for METRO and a recovery of the
HoReCa sector takes place primarily in the 2nd half of the business year
2 Adj. EBITDA - EBITDA pre transformation costs and real estate gains
3 Net financial result estimate based on fx-rates per end of November 2020 and therefore factoring in stable fx-rate compared to 2019/20 year-end closing

24   12.01.2021      © METRO AG.
WHAT WE DO TODAY TRANSLATES INTO OUR LONG
TERM VALUE CREATION
                  LfL sales development*                                                             Adj. EBITDA*                        We are creating value
                                           (%)                                                              (€m)                                  for:
                                         Recovery post
                                           COVID-19                                                                                      Customers:
                                                        Acceleration                                                   ~ pre-COVID-      Supporting our customers while
                                                        of pre-crisis                        1.158                       19 levels       investing into growth:
                                                        growth rates
                                                                                                       mid
                                                                                                                > FY 19/20               - CAPEX of
04                              STRATEGIC UPDATE

26   12.01.2021   © METRO AG.
TRANSFORMATION TOWARDS A PURE WHOLESALER IN
HIGHLY ATTRACTIVE MARKETS IS COMPLETE

                                 Past     Current    Tomorrow’s
                                choices    setup    opportunities

27   12.01.2021   © METRO AG.
PAST CHOICES LEADING TO TODAY’S STRENGTH

           CULTURE and                      INVESTING into                            PURE
           accountability                     tomorrow                              Wholesaler

     The entrepreneurial culture
                                          Shift in capex allocation from       10 businesses sold and
     and accountability throughout
                                         large remodelings and NSOs          €47.1 bn in revenues, mostly
           the organization
                                                                                 B2C, left in the past
                                             …to future-oriented
     ….empowered Country Board            investments into delivery,            Annual portfolio review to
     responsible for strategy and         software and IT solutions           identify markets with right to
      execution which is further
                                                                                          play
       supported by HQ functions

            Operating model since 2015        Gradual shift since 2015     Transformation which started in 2011 to
                                                                           a pure wholesaler is now complete

28   12.01.2021   © METRO AG.
BENEFICIAL BUSINESS SETUP OF TODAY

        Diversified customer                                           Successful
                                                                                                      Flexible business
           group portfolio                                         repositioning of the
                                                                                                         operations
                                                                        business

                                                                                                          FSD only
HoReCa                                        Trader
-6% to PY                                           +1% to PY                                                       55
                                   23 %                                                            C&C only
                                                                                                              124
            42 %

                                   34 %                                                                                    554
                                           SCO                                                                                   C&C and FSD
                                             +4% to PY

                                                                    Metro Russia
       Sales Share FY 2019/20 [±%pp to PY]                                                           Number of locations FY 2019/201
                                                                    “Its cheaper with Wholesale”

  1   For the overview of our locations please refer to appendix

 29     12.01.2021      © METRO AG.
SETUP OF TODAY: A STRONG COMEBACK IN RUSSIA
    Healthy top line after 3 years of
                                                                                                                                                                         Efficient wholesale operations
    negative LfL growth
                                                                                                                                                                                       ~30%

                                                                                                                                                                                                 ~20
                               3,8%
                                                   Fasol                                    As a result of business
                                                   >1,900
                                                   partners
                                                                                           repositioning to a PURE                                                                                                  Employee NPS
                                                                                                                                                                                                                    increased with high
                            2019/20                +35% in sales                         Wholesale, we are supporting                                                            ~15                                employee
                                                   per Fasol                              not only traders but also:                                                                                                participation of
                                                   partner
                                                                                                                                                                                                                    87%

                                                   Store
                                                                                                                                                                                             2019/20
                                                   more pallet
                2018/19                            placement for                                      Digital traders                                                                                                MCOE2
                                                   higher                                                                                                                    2017/18                                 Pooling functions
                                                   availability                                       ~4% of sales for                                                                                               from stores to
    2017/18                                                                                                                                                                                                          one center.
                                                                                                         FY19/20                                                                                                     Increasing
                   -4,3%                           BMPL                                                                                                                                                              efficiency and
                                                   Volume growth                                                                                                                                                     benefiting from
                                                   fueled by price                            “HORECA №1 choice”                                                                                                     labor arbitrage
                                                   investment
                                                                                              as a supplier, by Nielsen1
      -7,0%
     Like-for-like sales FY                                                                                                                                                Sales per FTE in mRUB
1   Nielsen study with 150 HoReCa companies, 65% stated they have used METRO in the past and >50% will use it in the future   2   MCOE: multi-functional center of excellence to which some functions are centralized both from HQ and stores

30    12.01.2021      © METRO AG.
ACTING ON OPPORTUNITIES THE CRISIS PRESENTS

     Protecting employees                    Changing competitive           Transition to a
        and customers                            environment                 digital world

Key themes of the year
METRO’s response

                                                                         Digital transformation of our
                                                                         interfaces and customer touch
         “PROTECT”              “PRESERVE”            “GROW”                points started long before

       Representing interests of
                                               Participating in active    Preempting the needs of
      small and medium enterprises,
                                               market consolidation      HoReCa and Trader customers
       pushing for their protection
                                                                            through local solutions

31   12.01.2021   © METRO AG.
ACTING ON OPPORTUNITIES: PROTECTING OUR TEAMS
AND FUTURE OF OUR CUSTOMERS

                                              Rigorous implementation of all safety and prevention regulations;
                                              our stores provide safe shopping experience without
                                              compromising on high quality and service

                                              Extensive smart-working/flexible desks are piloted in the HQ
                                              The IT backbone which was rolled out two years ago allows for
                                              uninterrupted business continuity while working remotely

           Protecting employees
              and customers
 During the first wave we have                Campaigning and representing business interests of our customers
 succeeded in mobilizing our country          Lobbying to increase public trust in HoReCa as a safe place
 operations, prioritizing health and safety   Engaging in governmental groups on needed safety measures
 and postponing capex expenditure             coupled with media cooperation what HoReCa is doing for safety
 where applicable

32   12.01.2021   © METRO AG.
…BECAUSE THEIR SUCCESS IS OUR BUSINESS…

     HoReCa playbook with know-how and step-by-step   Exclusive cooperation with PENTAGAST.
     guide for the relaunch and operating under       The air cleaner which is equipped with a special high-
     restrictions                                     performance virus filter with an efficiency of up to 99.995%

33   12.01.2021   © METRO AG.
…BECAUSE THEIR SUCCESS IS OUR BUSINESS…

                       HoReCa under restrictions                           HoReCa under lockdown

 Spain: Dine out early - Campaign calling for dining out       EU: Manifesto Restaurants of Europe – Media
 before curfew                                                 campaign and event to raise awareness of importance of
 Spain/Germany: Support Hotline – Legal advice to              HoReCa in Europe and restaurants as safe places
 customers during crisis                                       Netherlands: Ode to HoReCa – Video campaign with
 Czech Republic/Slovakia: Impact Study – Economic              vouchers, ads and CEO letter to trader/SCO customers to
 consequences of restrictions on gastronomy, provided to       encourage orders from local restaurants under lockdown
 public & politics                                             Spain: #Unopuntosiete - Establishing a platform with
 Germany: Gastronomy and Society – Public polls on             HoReCa associations and partners, public online petition
 public perception on restaurants in crisis                    calling for state support for the sector

 Czech Republic/Spain (i.a.): Recovery Plan -                  Germany: Gastro Live Chat Digital format
 Engagement with associations and governments on HoReCa        Poland/Germany/ Romania: Restart Gastro - Open
 support plans                                                 letter to governments, calling for HoReCa re-opening
 Germany: Restaurants as a partner, not the problem,           based on an elaborated safety catalogue
 in the fight against COVID-19 – open letter & campaign        Austria: Financing package #Einerfüralle– Providing
 Italy: Impact of early evening closings – 6AM dinner to       extended payment terms and limits, public campaign
 raise awareness of impact on restaurants of closings at 6PM   around announcement

34   12.01.2021   © METRO AG.
CAPTURING OPPORTUNITIES IN A CHANGING
ENVIRONMENT

                                                     By focusing on supporting our customers we observe that we
                                                     outperform the general market from a sales perspective, and as
                                                     a result win overall market share during this challenging
                                                     environment due to our regular customer contact and product
                                                     availability

                                                        >2,000 new                      >8,800 new HoReCa
                                                        FSD customers                   customers
            Changing competitive                        In Germany acquired from June
                                                        to September
                                                                                        In Germany during the restart program (June
                                                                                        to September)
                environment

                                                     Continuously assessing possibility of partnership or bolt-on
      If there is any issue or problem, we will be   acquisitions, when the opportunity is right and the company is a
        helped immediately. We are very happy        strategic fit
                       with METRO
                                METRO customer

35   12.01.2021   © METRO AG.
CAPTURING OPPORTUNITIES: PARTNERSHIPS AND
ACQUISITIONS
 Acquisition of an FSD player                          Extension reach                        Partnership with Sbermarket
 Makro Portugal                                        METRO Markets                          METRO Russia

     2nd largest Food Service                           METRO Markets acquired trivago         Developing e-grocery channel, by
     Distributor (FSD) in Portugal                      Spain and took over the development    partnering with existing independent
                                                        center in Palma with ~60 employees     e-grocers
     •    Strong presence in Lisbon and the
          tourism-oriented south                        •   An opportunity to increase the     •   Customer places orders via
                                                            footprint and prepare for the          website or app
     •    Expertise in meat processing and
                                                            expansion into the next country        (METRO/Sbermarket)
          stands for consistent quality
          and service level standards                                                          •   Picking and delivery is done by
                                                                                                   digital traders
                                                                                               •   Already operating in 52 cities in
                                                                                                   Russia
         €152 m                 13,500
         sales 2019             Customers nationwide
                                                                                                        ~ 40,000 SKU
                                                                                                        available

 For more information please refer to the
 slide in appendix

 Press Release Oct ‘20                                 Press Release July ‘20                 METRO Russia Press Release Oct ‘20

36   12.01.2021   © METRO AG.
LEADING IN DIGITAL TRANSITION

                                                     Out-of-home consumption will recover after Covid-19, as consumer
                                                     preferences and habits prevail;
                                                     Building on the existing relationships and true partnerships
                                                     with our HoReCa customers while leveraging WS 360

                                                                        >200k                      >30k
                                                                        Restaurateurs using        Restaurants are using
                                                                        digital tools              table reservation tool

                  Transition to a
                   digital world                     Convenience trend accelerated through crisis;
                                                     Ramping up diverse online solutions and partnering with
                                                     e-commerce players to target end consumer demands –
                                                     digital – trader
                                                     Pre-existing some countries; quickly set up in others:
     Our foundation gained significant credibility
      due to using HD‘s MenuKit. We have spent
     €17,000 at METRO in the past 4 months!                             4 countries                5 countries
                                                                        Have Digital Trader        Run pilots
                                                                        partners

37   12.01.2021   © METRO AG.
LEADING IN DIGITAL TRANSITION: FIRST
MARKETPLACE FOR B2B IN GERMANY AND FRANCE

                                                                                                   METRO FRANCE
                                              Products                                     &       MARKETPLACE

                                                                   Collaboration with international merchants
                                                                   Capitalizing METRO’s unique customer reach
                                                                   and creating the future of B2B commerce

                                                                         >520                           >525k
                                                                         Partners                       Products
                                                Market-
                                                 place                                  ~€44 m
                                                                                          In GMV

                                                                Countries of operation:
                                                                                    1

                                                                                    …and more to come

!   METRO Markets is planning expansion into Spain in FY20/21

38      12.01.2021     © METRO AG.
LEADING IN DIGITAL TRANSITION: COVID RESPONSE

                                                                                                                                                                                M|SHOP Trader

           Offering a new ordering channel                                              Entering contact details made easy

        Allowing restaurateurs to sustain                                               Helping restaurants to create a                                                 Live in Romania and Russia
        their revenues – without                                                        database where to store a                                                       Solution highly specialized with
        spending exploitative fees1                                                     legally and GDPR-compliant                                                      individual target groups for:
       France, single customer                                                          documentation of the guests                                                           • Assortment
       example:                                                                                                                                                               • Pricing
                                                                                                                                                                              • Features
               300 orders in 3 months
                                                                                                     5 countries
         Turnover saved via DISH Order:                                                              Operating since July                                               300,000                  ~€ 130m
                                                                                                                                                                        orders placed            Sales in 8 month
                     30%
                                                                                                       >2,800
           Equivalent of ~9 months of
                                                                                                       Restaurants with                                                                >10.000
                                                                                                       check-in in Germany                                                             buying customers
                  energy costs
1   According to newspapers and analyst reports, food delivery platforms charge 20-30% of the total order as a fee for delivery service and ~14% if order is picked up by a customer

39      12.01.2021      © METRO AG.
APPENDIX
                                FY 2019/20
                                FINANCIALS

40   12.01.2021   © METRO AG.
SALES BY QUARTERS
2019/20                                 Change (EUR)                  Change (local   currency)                 Like-for-like
%                                  Q1       Q2      Q3       Q4      Q1       Q2          Q3       Q4      Q1      Q2         Q3       Q4
METRO                            2.2%     1.8% -19.8%     -5.1%    1.0%     2.1%      -17.4%    -0.6%    1.0%    2.3% -17.5%        -0.5%
 METRO     Germany              -0.4%     4.9%   -9.4%     2.7%   -0.4%     4.8%       -9.4%     2.7%   -0.3%    4.8%     -9.5%      2.7%
 METRO     Western Europe        0.4%    -6.3% -32.9%     -3.5%    0.4%    -6.3%      -32.9%    -3.5%    0.5%   -6.3% -32.8%        -3.6%
 METRO     Russia                2.5%   11.3%    -3.7%   -12.7%   -4.9%   10.4%         6.5%     8.4%   -5.3%    9.8%      6.0%      8.2%
 METRO     Eastern Europe        6.1%     9.9% -12.2%     -5.5%    5.1%   11.2%        -7.5%     1.9%    5.0%   11.2%     -7.4%      2.0%
 METRO     Asia                  5.2%     0.0% -22.5%    -19.8%    3.4%     0.5%      -18.9%   -11.9%    3.2%    0.2% -19.2%       -12.2%

41   12.01.2021   © METRO AG.
BALANCE SHEET
                                                               Assets                                                                          Equity and Liabilities
     € million                                           FY 18/19   FY 19/20                                                                     FY 18/19     FY 19/20
     Non-current assets                                    8,838         8,277    Equity                                                            2,345       2,061
     Goodwill                                                 785           731   METRO AG Shareholder interest                                      2,314       2,053
     Other intangible assets                                  562           576   Non-controlling interests                                             31           8
     Tangible assets                                        6,635         5,811
     Investment properties                                    127           188   Non-current liabilities                                            5,652      5,506
     Financial assets                                          97            98   Provisions for post employment benefits plans and similar obligations543         550
     Investments accounted for using the equity method        179           421   Other provisions                                                      108        139
     Other financial assets                                   150           185   Borrowings                                                          4,766      4,541
     Other non-financial assets                                20            16   Other financial liabilities                                            55         17
     Deferred tax assets                                      284           252   Other non-financial liabilities                                        25        193
                                                                                  Deferred tax liabilities                                              155         66
     Current assets                                        8,992         4,915
     Inventories                                            1,946         1,888   Current liabilities                                               9,832       5,625
     Trade receivables                                        482           429   Trade liabilities                                                  3,572       3,199
     Financial assets                                           4             3   Provisions                                                           158         287
     Other financial assets                                   622           525   Borrowings                                                         1,164         773
     Other non-financial assets                               279           377   Other financial liabilities                                          728         724
     Entitlements to income tax refunds                       190           145   Other non-financial liabilities                                      228         451
     Cash and cash equivalents                                500         1,525   Income tax liabilities                                               169         184
     Assets held for sale                                   4,970            22   Liabilities related to assets held for sale                        3,813           7
     Total                                                17,830        13,192                                                                     17,830      13,192

42   12.01.2021   © METRO AG.
CASH FLOW STATEMENT
€ million                                                                                    FY 18/19   FY 19/20
EBIT                                                                                              957        257
Depreciation/amortisation/impairment losses/reversal of impairment losses of assets excl.
financial investments                                                                             774        856
Change in provisions for post-employment benefits plans and other provisions                      -31        -10
Change in net working capital                                                                      27       -172
Income taxes paid                                                                                -215       -140
Reclassification of gains (-) / losses (+) from the disposal of fixed assets                     -357         -4
Other                                                                                              53       -140
Cash flow from operating activities of continuing operations                                    1,209       646
Cash flow from operating activities of discontinued operations                                    399        416
Cash flow from operating activities                                                             1,608      1,062
Acquisition of subsidiaries                                                                        -1          0
Investments in property, plant and equipment and in investment property (excl.usufructuary
rights from leases)                                                                              -258       -211
Other investments                                                                                -198       -160
Investments in monetary assets                                                                     -9         -8
Disposals of subsidiaries                                                                           0          0
Divestments                                                                                       505        114
Disposal of financial investments                                                                   7          0
Cash flow from investing activities of continuing operations                                      46       -265
Cash flow from investing activities of discontinued operations                                   -136      1,271
Cash flow from investing activities                                                               -90      1,006
Dividends paid                                                                                   -261       -261
Redemption of liabilities from put options of non-controlling interests                            -2          0
Proceeds from new borrowings                                                                    6,122      6,066
Redemption of borrowings                                                                       -6,767     -6,487
Lease Payments                                                                                   -540       -547
Interest paid                                                                                    -112        -82
Interest received                                                                                  28         16
Other financial activities                                                                         -4         16
Cash flow from financing activities of continuing operations                                   -1,535     -1,280
Cash flow from financing activities of discontinued operations                                   -351       -278
Cash flow from financing activities                                                            -1,886     -1,557
Total cash flows                                                                                -368        510

43   12.01.2021     © METRO AG.
POSITIVE MOMENTUM FROM LAST YEARS IS IMPACTED
 BY GOVERNMENTAL RESTRICTIONS
     As of 18/19 all metrics are excluding METRO China

                                                                                                                         HoReCa development                                                          Delivery2 sales

                                                                                                   HoReCa LfL sales growth (METRO Wholesale)                                Delivery as % of sales (METRO Wholesale)

                                                                                                            FY    FY    FY    FY    FY    FY                                                             16%           18%   17%
                                                                                                                                                                                              13%                                   15%
                                                                                                           14/15 15/16 16/17 17/18 18/19 19/20                                     11%
                                                                                                           3,5%       3,9%       4,1%       3,7%          4,2%

 Consistently positive Wholesale LfL growth pre Covid-19
                                                                                                                                                                                   FY    FY    FY    FY    FY    FY
LfL sales growth (METRO Wholesale)                                                                                                                                                14/15 15/16 16/17 17/18 18/19 19/20
                                                                                                                                                                 -15,8%
        FY           FY           FY            FY        FY         FY
       14/15        15/16        16/17         17/18     18/19      19/20
                                               1,3%      2,1%
       0,9%         0,6%          0,9%                                                                                   Trader development                                                             Food sales
                                                                    -3,9%
                                                                                                   LfL sales growth (METRO Wholesale) Trader Countries1                     LfL food sales growth (METRO Wholesale)
 Mid-term ambition
 3%                                                                                                                                                               9.0%
                                                                                                                                                                 Incl. RU

                                                                                                                                                                 7,2%            2,1%       1,7%       2,1%       1,9%       2,8%
                                                                                                                               4,5%        4,6%       5,1%

                                                                                                                                                                                                                                    -3,5%
                                                                                                                   -0,1%
                                                                                                         -1,7%
                                                                                                           FY   FY    FY    FY    FY    FY                                       FY    FY    FY    FY    FY    FY
                                                                                                         14/15 15/16 16/17 17/18 18/19 19/20                                    14/15 15/16 16/17 17/18 18/19 19/20

 1   Trader LfL excl. Russia: Bulgaria, Czech Republic, India, Pakistan, Poland, Romania, Serbia, Slovakia
 2   Delivery definition has been changed in the Annual report FY18/19 to exclude transportation after checkout and pick up, hence 18/19 and 19/20 follow new definition

 44      12.01.2021       © METRO AG.
METRO - KEY STATISTICS
                                                         METRO                                                                   2018/19 2019/20
                                            Sales                     Stores
                                                                                         Stores                                      678     678
     €m                             FY 2018/19    FY 2019/20  FY 2018/19    FY 2019/20
     Germany                             4,735         4,699         103           103
                                                                                         Selling space ('000 sqm)                  4,728   4,723
     Austria                               760           736          12            12   Ø store size (sqm)                        6,973   6,966
     Belgium                               737           713          17            17   Ø Sales / sqm (EUR)                       5,729   5,427
     France                               5114          4567          98            98   Employees (annual average by headcount) 101,654  97,639
     Italy                                1722          1416          49            49
     Netherlands                           767           786          17            17
     Portugal                              398           351          10            10
     Spain                                1253          1033          37            37
     Western Europe (w/o Germany)       10,752         9,603         240           240
     Russia                              2,662         2,644          94            93
     Bulgaria                              395           391          11            11
     Croatia                               226           188          10            10
     Czech Republic                      1,062           999          13            13
     Hungary                               471           438          13            13
     Kazachstan                             80            75            6            6
     Moldova                               102           113            3            3
     Poland                              1,385         1,330          29            29
     Romania                             1,190         1,233          30            30
     Serbia                                195           188            9            9
     Slovakia                              432           430            6            6
     Turkey                              1,027           985          34            34
     Ukraine                               627           754          31            32
     Eastern Europe (w/o Russia)         7,191         7,125         195           196
     India                                 848           787          27            27
     Japan                                 287           256          10            10
     Pakistan                              310           309            9            9
     Myanmar                                 2            7                          0
     Classic Fine Food                     250           180            0            0
     Asia (incl. CFF)                    1,696         1,539          46            46
     Others                                 46            22            0            0
     METRO                              27,082        25,632         678           678

45   12.01.2021   © METRO AG.
OPERATIONAL METRICS
                                         2018/19   2019/20
     Food share in Total sales              89%       89%
     Non food share in Total sales          11%       11%

     FSD (excl. TAC/PU) in Total sales      17%       15%
     Own Brand Share in Total sales         17%       16%

46   12.01.2021   © METRO AG.
FSD AND TRADER FRANCHISE
FSD number                      FY 2018/19   FY 2019/20 Model 1: Out-of-store delivery
  Model 1                              544          542 Model 2: Depot in METRO store
  Model 2                               12           12 Model 3: Independent depot
  Model 3                               56           55
thereof M&A                             37           37

Franchise number                FY 2018/19   FY 2019/20
  Russia                             1,769        1,931
  Czech Rep.                           492          497
  Slovakia                             505          545
  Bulgaria                             540          510
  Croatia                              126          136
  Serbia                               529          519
  Pakistan                              23           28
  Poland                             2,473        2,714
  Romania                            1,003        1,278
Total                                7,460        8,158

47   12.01.2021   © METRO AG.
CASH INVESTMENT ALLOCATION
€m                                          FY 2018/19   FY 2019/20
  Expansion                                          8            5
  Remodelling                                       24           19
  FSD                                               18           13
  Maintenance                                      156          126
  Digital/IT                                       197          186
  Others                                            26            7
Cash Investments (as shown in FCF)                 429          356
Bridge to segment reporting (mainly lease
                                                  397          272
additions)
Investments                                       826          627

48   12.01.2021   © METRO AG.
REAL ESTATE
2019/20                            Total    Owned
                                   Stores    Stores
METRO                               678       353
 METRO            Germany           103        10
 METRO            Western Europe    240        83
 METRO            Russia             93        89
 METRO            Eastern Europe    196       153
 METRO            Asia               46        18

49   12.01.2021    © METRO AG.
FACT SHEET EXTERNAL FINANCING
                                   Interest Expense                                         Maturity Profile

                                         Net Debt                                         External Funding Mix
                                                                                             30 September 2020

                                                                       *            *

          *Lease liabilities according to IFRS16: €3,215m in 18/19 and €3,027m in 19/20

50   12.01.2021   © METRO AG.
OUR ESG RECOGNITIONS                                                 Rating/Score                     Scale
                                                                                                                 Publication
                                                                                                                    date

                                                                        81
                          Dow Jones Sustainability Index   Index member World & Europe                0 to 100     11/2020
                                                              Food & Staples Retailing

                                                                            C+
                            ISS-oekom Corporate Rating                                                D- to A+     04/2020
                                                                      Prime Status

                                CDP Climate Scoring                           A                        F to A      12/2020

                                CDP Forest Scoring               C                B              B-    F to A      12/2020
                                                            Cattle      Palm Oil, Paper, Wood   Soy

                                CDP Water Scoring                            B                         F to A      12/2020

                          FTSE4Good Global/Europe Index              Index member                        -         06/2020

                                       MCSI                          Index member                        -            -

51   12.01.2021   © METRO AG.
CONTACT
                                Investor Relations

                                METRO AG
                                Metro-Straße 1
                                40235 Düsseldorf
                                Germany

                                T +49 211 6886-1280
                                F +49 211 6886-73-3759
                                E investorrelations@metro.de

                                www.metroag.de

52   12.01.2021   © METRO AG.
53   12.01.2021   © METRO AG.
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