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Investor Presentation May 2018 slide image

Investor Presentation May 2018

Structurally High Margin Model of Large Stores FUTURE RETAILI Non-Food Fashion Food (General Merchandise + HPC) Revenue share 34% - 36% B 30% -32% 32% -35% ā˜‘ Gross Margin 40% -42% 22% -24% 15% -17% Own Brands share 94% - 96% 8% - 10% 18%-20% FRL | Investor Presentation | May 2018 Blended Gross Margin: ~26 - 27% 12
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