Ahold Delhaize N : launches its Growing Together strategy building on its core strengths

Key financial and strategic ambitions for the period (2025-2028):*

• Outperform traditional grocery market and achieve a 4% net sales CAGR.
• Maintain industry-leading underlying operating margins averaging 4%.
• Increase our Save for Our Customer ambition to €5 billion cumulative.
• Maintain a gross cash capital expenditure cadence of 3% of net sales.
• Grow underlying earnings per share at a high-single-digit CAGR compared to 2024.
• Generate strong cash flow to support consistent and growing shareholder returns:
  • €9 billion free cash flow (post-tax).
  • Intention for €1 billion annual share buybacks.**
  • Increase dividend per share on an annual basis within dividend payout corridor.**
• Grow complementary income streams to around €3 billion by 2028.
• Increase Own Brand share towards 45% of total store sales, moving healthy sales from solely Own Brand assortment to full store sales, and taking effective actions on assortments and promotions to enhance price perception.
• Drive up omnichannel loyalty sales penetration to over 80% by 2028, targeting 30 million monthly active users by 2028.
• Deliver on sustainability ambitions, for example taking steps on our pathway to our near and long-term scope 1, 2 and 3 emission reduction targets.
• Be an employer of choice; drive progress on our ambition to have a workforce that is 100% gender balanced, 100% reflective of our communities and 100% inclusive.