JERONIMO MARTINS UN.ADR/2 Cash Flow Conversion Efficiency

Jerónimo Martins, SGPS, S.A. operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally. It operates through Portugal Retail, Portugal Cash & Carry, Poland Retail, Poland Health and Beauty, and Colombia Retail segments. The company operates a chain of food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, Czechia, and Slovakia, as well as food stores under the Ara name in Colombia. It also operates supermarkets under the Pingo Doce banner; and cash and carry stores under the Recheio name in Portugal and the Bodega Del Canasto name in Colombia. In addition, the company operates restaurants under the Pingo Doce name; and para pharmacies and petrol stations under the Bem-Estar brand. Further, it operates coffee shops and kiosks under the Jeronymo name; and chocolates and confectionary retail stores under Hussel name. Additionally, the company engages in human resources top management, real estate management and administration, training, and saline brackish waters aquaculture; wholesale of fruit and vegetables; growing of citrus fruits; retail management, consultancy, and logistics activities; purchase and sale of real estate; growing of crops and animal farming; retail sale of health and beauty products; manufacture of milk and dairy products; rental of air transport equipment; and provision of business portfolio management, financial, and sea passenger water transport services. It is also involved in the trading and distribution of consumer goods; retail and wholesale food and consumer goods; wholesale of other food products; other business support service activities; and business portfolio management in wholesale and retail distribution. The company was founded in 1792 and is headquartered in Lisbon, Portugal. Jerónimo Martins, SGPS, S.A. is a subsidiary of Sociedade Francisco Manuel Dos Santos, S.G.P.S., S.A.