Ahold Q2 Earnings

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Ahold Q2 Earnings

• Goldman Sachs Retail Conference
• New York
• 3 September 2008

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Forward-looking statements notice

• This presentation and the materials
  constituting it contain statements that are
  neither reported financial results nor other
  historical information. These statements are
  forward-looking statements within the meaning of
  the U.S. federal securities laws. The statements
  and the risks, uncertainties and factors relating
  to them are discussed in more detail in the slide
  at the back of this presentation under the
  caption Forward-looking Statements Notice.

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Strategy for profitable growth

• Refocusing our portfolio
• Building our brands for profitable growth
• Leveraging our organizational structure
• Value Improvement Program
• Financial targets

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Highlights

• Sales increased 7.3 at constant exchange rates
• Operating income EUR 235 million, down EUR 39
  million
• Income from continuing operations up EUR 7
  million to EUR 177 million
• Underlying retail operating margin guidance for
  the year unchanged at 4.8-5.3
• New logos and brand initiatives unveiled for Stop
  Shop and Giant-Landover

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Key group figures
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Identical sales growth Q2 2008
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Underlying operating margins Q2 2008
Adjusted for impairments, restructuring costs,
gains and losses on the sale of assets
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Forward-looking statements notice

• Certain statements in this presentation are
  forward-looking statements within the meaning of
  the U.S. federal securities laws. These
  forward-looking statements are subject to risks,
  uncertainties and other factors that could cause
  actual results to differ materially from the
  future results expressed or implied by the
  forward-looking statements. Many of these risks
  and uncertainties relate to factors that are
  beyond Aholds ability to control or estimate
  precisely. Many of these and other risk factors
  are detailed in Aholds publicly filed reports.
  Readers are cautioned not to place undue reliance
  on these forward-looking statements, which speak
  only as of the date of this presentation. Ahold
  does not undertake any obligation to publicly
  release any revisions to these forward-looking
  statements to reflect events or circumstances
  after the date of this presentation, except as
  may be required by applicable securities laws.
  Outside the Netherlands, Koninklijke Ahold N.V.,
  being its registered name, presents itself under
  the name of Royal Ahold or simply Ahold.

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Questions?