Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Investor Presentation (March 2018)
13 slides from Empire Co Ltd Class A's investor presentation, March 2018
Slide 1: Investor Presentation
Investor Presentation March 2018 Katie Brine, Director, Investor Relations Phone: 905-238-7124 x2092 Email: [email protected]
Slide 2: Disclaimers
Disclaimers Forward-Looking Information This document contains forward-looking statements which are presented for the purpose of assisting the reader to contextualize the Empire Company Limited’s (“Empire” or the “Company”) financial position and understand management’s expectations regarding the Co
Slide 3: Executive Team
Executive Team roster sunaise Mike Vels Chief Financial Officer Simon Gagne Executive Vice President, Human Resources Clinton Keay Executive Vice President Technology &TMO McCaskill General Counsel Michael Medline President & Chief Executive Officer Jason Potter Operations Lyne Castonguay Executive
Slide 4: Empire Company Limited – Who are we?
Empire Company Limited – Who are we? • Canadian company headquartered in Stellarton, Nova Scotia. Quick Facts – Empire* • Key businesses include food retailing and related Share price (CAN$)** $25.47 real estate through wholly owned subsidiary 52-Week High (CAN$)** $26.34 Sobeys Inc. and a 41.5% equ
Slide 5: Key Achievements – Last 15 months
Key Achievements – Last 15 months 2017 January – Michael Medline appointed as President and Chief Executive Officer May – announced Project Sunrise, an initiative to simplify the business, unlock national scale and significantly reduce costs (at least $500 million) June – Michael Vels appointed as C
Slide 6: Four Primary Initiatives Underway
Four Primary Initiatives Underway 1) Organizational Structure ▪ The Company’s new organizational structure has restructured multiple independent regions into a national, functionally-led structure. This will result in lower costs, an increased level of authority and scope for leadership and more nim
Slide 7: Project Sunrise Update
Project Sunrise Update In the fourth quarter of fiscal 2017, the Company launched Project Sunrise, a comprehensive, three year transformation intended to simplify organizational structures and reduce costs. The transformation is expected to result in at least $500 million in annualized cost savings
Slide 8: Ocado Solutions
Ocado Solutions With more than 15 years at the forefront of innovation and success in grocery ecommerce, Ocado will partner exclusively in Canada with Sobeys on our end-to-end e-commerce solution. Key facts: • Canadian online grocery market is growing 30%+ per year • Greater Toronto Area (“GTA”) Cus
Slide 9: Financial Results – Annual
Financial Results – Annual Fiscal 2018 Fiscal 2017 Fiscal Fiscal Year to Date 2017 2016 39 weeks 39 weeks 52 weeks 53 weeks February 3, February 4, May 6, 2017 May 7, 2016 2018 2017 Sales $18,328.5 $18,007.3 $23,806.2 $24,618.8 Same store sales growth (decline), excluding fuel 0.7% (2.4)% (2.2)% 0.3
Slide 10: Financial Results – Quarterly
Financial Results – Quarterly Fiscal 2018 Fiscal 2017 Fiscal 2016 Q3 F18 Q2 F18 Q1 F18 Q4 F17 Q3 F17 Q2 F17 Q1 F17 Q4 F16 Q3 F16 Q2 F16 Q1 F16 Feb. 3, Nov. 4, Aug. 5, May 6, Feb. 4, Nov. 5, Aug. 6, May 7, Jan. 30, Oct .31, Aug. 1, 2018 2017 2017 2017 2017 2016 2016 2016 2016 2015 2015 Sales $6,029.2
Slide 11: Appendix
EMPIRE COMPANY LIMITED Appendix
Slide 12: Ocado Solutions
Ocado Solutions • We will launch a GTA CFC first and expand other CFCs in dense urban areas • A well-executed online proposition will support our brick & mortar business • Ocado is the world’s largest dedicated online grocery retailer • Morrisons (UK) and recently Groupe Casino (France) also use Oca
Slide 13: Ocado – A winning solution for the evolving online grocery market
Ocado – A winning solution for the evolving online grocery market We selected Ocado because it has all the attributes required to win in the long-term: • Fully integrated solution, with world class algorithms focused entirely on customer experience, satisfaction and cost-effective supply chain • Ena