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Ahold acquires leading online retailer bol.com opening the door to new
opportunities for both companies
February 27, 2012
Dick BoerChief Executive Officer, Ahold,
Today we announce the acquisition of
4
Good for Ahold, good for bol.com, t f tgreat for customers
Value
5
bol.com is the leading online retailer in the Netherlandsin the Netherlandsbol.com is the #1 website by revenue and customersbol.com is the #1 website by revenue and customers
Market share (2010)¹
Best shopping brands (2011)4Best shopping brands (2011)4
Rank Brand
3.4 mln active customers
1 Albert Heijn
2 bol.com
3 IKEA
• In 2011 almost half of all Dutch online
4 Wehkamp.nl
5 HEMA
• In 2011, almost half of all Dutch online customers who purchased products shopped at bol.com
• Together, these customers bought more than 17 million products
• In 2010, bol.com successfully launched in Belgium
6
Source: Twinkle, GfK, Euromonitor, Thuiswinkelmonitor, bol.com, The Centre for Brand Analysis, Best brands in the Netherlands and company websites¹ Market size of €3.2bn excl. VAT (2010) estimated by Thuiswinkelmonitor (excludes travel, financial services and other services); ² Based on 2010 consumer sales; ³ Wehkamp.nl sales calendarised to December year-end and excludes revenues from financing activities and acquisitions; 4 Best shopping brands ranking published by The Centre of Brand Analysis in 2011
This is an important next step in Ahold’s th t tgrowth strategy
• Combines best-in-class food & non-food retail and online capabilities
Our strategyStrategic Pillars
This acquisition...
• Offers significant growth potential in Dutch and Belgian online retail markets C
reat
ing
grow
th
1. Increasing customer loyalty
3. Expanding geographic reach
2. Broadening our offering
• Combines very strong retail brands
• Offers consumers more choice greater
Enab
ling
grow
th
4. Simplicity
5. Responsible retailing
6. People performance • Offers consumers more choice, greater convenience, and better value
7
bol.com expands Ahold’s product offering and online capabilitiesand online capabilities bol.com main product category breakdown¹bol.com main product category breakdown¹ Extending online non-food product offeringExtending online non-food product offering
on-fo
odN
oFo
od
Net sales 2011: €355 mlnConsumer sales 2011: €376 mln
Offline Online
8
¹ Based on net sales
Daniel RopersManaging Director, bol.comg g ,
From bookstore start-up to leading li t ilonline retailer
• 21 categories
• 4 business models:• New physical products• 2nd hand• 3rd party marketplace
From its inception in 1999as a startup in a portacabin…
… offering a comprehensivecatalogue of books & CDs,…
• 3rd party marketplace• Digital
• 4 channels:• Website
New, h i l
2nd hand/3rd party
Digital services • Mobile
• Apps• Social media
Books Entertainment Electronics
physical products
…bol.com expanded into new categories and business models
…creating the leading onlineshopping platform in the
• 2 geographies:
such as 2nd hand & digital,… Netherlands and Belgium.
10
bol.com provides the best retail offering t tto customers
Millions of laptops and Personalized shopsmart phones Millions of advisors
3. Matches individual demand perfectly with unlimited
2. Is available everywhere, where demand is created p y
supply
1. Offers maximum choice in product offering, offered formats, and price-quality points
5 million productsp
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This is only the beginningOnline share of non-food retail1Online share of non-food retail1 Share of online vs. total retail sales - the Netherlands2Share of online vs. total retail sales - the Netherlands2
80%
50%
60%
70%
30%
40%
0%
10%
20%
0%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Media Consumer electronics Clothing Total
1 Euromonitor, RBS analysis2 OC&C
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A winning combination
TheThe customer
wins!
13
Dick BoerDick BoerChief Executive Officer, Ahold,
bol.com brings unique assets and capabilities…
Strong brand
New categories
Multiple fast-growing business models
Long-tail offering
Proven and continuously evolving platform
Multiple fast-growing business modelsIncluding Digital, 2nd Hand and 3rd party marketplace
Talented management and employees
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…allowing us to provide consumers with h i t i d b ttmore choice, greater convenience, and better
value
S
• Online platform with over 5 million products
Bricks & clicksBricks & clicks
Store
Pick-up point
products
• Match individual demand with virtually unlimited supply
Value
Home delivery
unlimited supply
• Food & non-food
• Industry leading cost model
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It’s a win-win combination!
Great for customers
Good for bol.com
Good for Ahold
17
Cautionary notice
See press release:
www.ahold.com/web/Ahold/Ahold-acquires-leading-online-retailer-bol.com.htm
Thank youy