Fnac Darty : 2020 estimated performance

2020 ESTIMATED PERFORMANCE

DISCLAIMER

IMPORTANT NOTICE: By reading this presentation, you agree to be bound by the following limitations and qualifications: certain information included in this release is not based on historical facts but on forward-looking statements. Such forward looking statements speak only as of the date of this presentation and Fnac Darty expressly disclaims any obligation or undertaking to release any update or revisions to any forward- looking statements in this presentation to reflect any change in expectations or any change in events, conditions or circumstances (or otherwise) on which these forward-looking statements are based. Such forward looking statements are for illustrative purposes only. Investors are cautioned that forward-looking information and statements do not guarantee future performance and are subject to various known and unknown risks and uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Fnac Darty, and could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking information and statements. These risks and uncertainties include those discussed or identified in Chapter 6 "Risk factors and internal control" of the Fnac Darty 2019 Universal registration document which has been registered with the French Autorité des marchés financiers ("AMF") on April 20, 2020, and which is available in French and in English on the AMF's website at www.amf-france.org and on Fnac Darty's website at www.fnacdarty.com.

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VERY GOOD COMMERCIAL MOMENTUM IN Q4 2020

Group's Q4 2020 revenue would be up +9.4% growth on a reported basis and +9.6% growth on a like-for-like basis1, reflecting the outperformance of sales recorded in particular during the Black Friday and Christmas period

Solid performance despite the 2nd lockdown in November with less restrictions than for the 1st one:

All Fnac and Darty stores remained open in France for c. 65% of product normative sales in stores All product categories accessible online and through Click & Collect

Online sales in Q4 2020 increased by c. 70% compared to Q4 2019 with a volume of orders through click & collect up c.+40% yoy

By product categories, Q4 2020 sales growth was sustained by continued strong momentum in small and large household appliances, technical products such as home office-related segments and television. Editorial products posted a slight increase over the quarter, mainly driven by good momentum in books and strong growth in gaming with a favorable line-up

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1 Like-for-like: excluding the impact of currency, the scope of consolidation, openings and closures of integrated stores

SOLID 2020 REVENUE GROWTH ESTIMATED AT +0.6%1 IN AN UNPRECEDENTED CONTEXT

Estimated like-for-like growth1 of revenue by region

Strong online performance throughout 2020

	Change compared with 2019
	Q4 2020E	2020E
France - Switzerland	+12%	+2%
Iberian Peninsula	-3%	-11%
Belgium - Luxembourg	+4%	+1%
Group	+9.6%	+0.6%

Evolution yoy of the % of online sales in Group total revenue

	c. +100%
			c.+70%
				c. +55%
c. +18%		c. +30%
Q1 2020	Q2 2020	Q3 2020	Q4 2020E	FY 2020E

Very good resilience of the Group thanks to the excellent performance of digital and the strength of omnichannel

Unprecedented context in 2020 with 2 lockdowns, the 1st one from March 15 to May 10 when almost all of the Group's store network was closed and a 2nd less restricted one from October 29 to November 28

Group's 2020 revenues would be around €7,490 million with a +1.9% growth on a reported basis and +0.6% growth on a like-for-like basis1

Strong online sales growth in 2020, representing c. 29% of total Group sales, +10 points vs. 2019, and success of the Click & Collect

More than 5 million new active web customers registered in 2020

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1 Like-for-like: excluding the impact of currency, the scope of consolidation, openings and closures of integrated stores