Group financial review continued
Capital investments and property overview
788
(1ÏÏ
Overview
Business review Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
1,284
345
2,134
2.8%
33.8
16.8
1.9
0.8
1.0
1,627
0.9
0.8
0.7
1.4
2012
2013
2014
2015
2016
Excluding acquisitions, capital expenditures
in 2016 were €1.4 billion. The increases
versus 2015 mainly relates to the merger
and the construction of bol.com’s new
distribution center. Including full year Delhaize
Group capital expenditures, total capital
expenditures amounted to €1.8 billion.
Capital expenditure (including acquisitions), which includes new finance leases, amounted to
€16,774 million in 2016 and €1,172 million in 2015.
Capital investments were primarily related to
the construction, remodeling and expansion of
stores and supply chain (including online) and
IT infrastructure improvements. Under IFRS, the
merger with the Delhaize Group is accounted
for as a business combination following the
acquisition method. In 2016, acquisition capital
expenditures included the merger with the
Delhaize Group. In 2015, acquisition capital
expenditure included the acquisition of 25
stores from A&P in the United States.
Capital expenditures
billion
Regular capex
Acquisition capex
Regular capex as of sales
As of January 1, 2017, Ahold Delhaize operated 6,556 stores. Total sales area amounted to
9.3 million square meters in 2016, an increase of 86.9% from the prior year. The total number of stores
(including stores operated by franchisees) is as follows:
The increase in number of stores includes the addition of 3,287 stores as a result of the merger
with the Delhaize Group, already net of 224 stores divested or closed after the merger (most
of which were divested in compliance with the regulatory authorities and the Tom Co stores
in Belgium).
The total number of retail locations, including the 5,460 stores owned or leased by Ahold
Delhaize and 20 pick-up points in stand-alone locations, was 5,480 in 2016, higher by 2,747
compared to 2015.
1 The number of stores as of January 1, 2017, includes 1,152 specialty stores (Etos and Gall Gall). (January 3 2016: 1,139
specialty stores).
Acquired
Delhaize
merger
CO
04
CO
04
in
04
04
0.8
Number of stores leased or owned
Number of stores subleased to franchisees
Number of stores operated
Number of stand-alone pick-up points
Total number of retail locations
331
3,253
37
2
811
361
1,172
2015
427
Ahold USA
Delhaize America
The Netherlands1
Belgium
Central and Southeastern Europe
Total number of stores
2016
513
229
389
83
141
22
1,377
15,398
16,775
903
1,238
3,425
Ahold Delhaize
5,460
(531)
4,929
20
4,949
Franchisees
1,096
531
1,627
6,556
20
6,576
Opened
other
acquired
2
3
63
10
73
151
Total
6,556
Change versus
prior year
86
229
44
83
104
20
566
15,037
15,603
of sales
22%
3.2%
3.0%
3.8%
4.0%
Opening
Balance
Closed
sold
(73)
(34)
(148)
(4)
(273)
Closing
Balance
776
1,214
2,163
765
1,638
6,556
million
Ahold USA
Delhaize America
The Netherlands
Belgium
Central and Southeastern Europe
Global Support Office
Total regular capital expenditures*
Acquisition capital expenditures**
Total Ahold Delhaize
1.2
Including new finance leases.
Including conversion expenditure of acquired stores and acquired finance leases.
66
