Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Shareholder Meeting (September 2014)
11 slides from Empire Co Ltd Class A's shareholder meeting presentation, Sep 16, 2014
Slide 1: Welcome to the 2014 Back to School Conference / Annual General Meeting
Welcome to the 2014 Back to School Conference Annual General September Meeting 16, 2014 1
Slide 2: Our Long-Term Progress
Our Long-Term Progress $20,993.0 $383.1 $61.75 $12,435.2 $182.9 $25.87 Sales ($ in millions) Adjusted Net Earnings from Continuing Operations ($ in millions) Book Value ($ per share) Fiscal Year-End 2
Slide 3: Q1 Fiscal 2015
Q1 Fiscal 2015 • Sales of $6.22 billion, up 35.4% from last year with same-store sales of 1.3% • Adjusted EBITDA of $344.7 million, up 48.4% • Adjusted EBITDA margin of 5.51%, up 67 basis points • Adjusted net earnings of $131.7 million, up 46.8% • Adjusted EPS (fully diluted) of $1.43, up 8.3% • Fr
Slide 4: Key Strategic Priorities
Key Strategic Priorities • Successful integration of Canada Safeway • Better Food for All – A compelling full service brand & shopping experience • Securing efficiencies through process harmonization and optimized distribution • Continued intelligent investment & innovation • Employee training & eng
Slide 5: Recent Achievements
Recent Achievements • Focused on food and related real estate • Divestiture of non-core assets • Acquisition of Canada Safeway • Integration/synergies on track • Launch of the Better Food for All movement • Announced the expansion of the Vaughan, ON automated DC • Signed a long-term agreement with L
Slide 6: A New Platform for Growth
A New Platform for Growth • Closed the Canada Safeway acquisition in November, adding over 200 Safeway stores – created a leading position in Western Canada • Pro forma sales of $24.3 billion, + 38% • Significant synergies of $200 million • Great real estate in the fastest growing market • Enhanced
Slide 7: Post-Deal Close – Key Highlights
Post-Deal Close – Key Highlights Since deal close: • We have completed the divestiture of stores • We have implemented several communications activities and education on the integration process • Technology roll-out started in Q4 fiscal 2014 with the first store and RSC on the new platform • Announc
Slide 8: Synergy Opportunities $200.0 million
Synergy Opportunities Function Procurement $100 million run rate at the end of Year 1 Marketing Pharmacy Logistics & Distribution Synergy opportunities SG&A Year 2 and Year 3 Information Technology Total Synergies by Year 3: $200.0 million 8
Slide 9: Canada’s Better Food Destination
Canada’s Better Food Destination 9
Slide 10: Why invest in Empire?
Why invest in Empire? • New platform for growth with Canada Safeway acquisition • Commitment to Better Food for All • Focus on Food and related Real Estate • Diversified revenue, earnings and growth opportunities across Canada • A track record of delivering earnings and dividend growth • Legacy of p
Slide 11: Welcome to the 2014 Back to School Conference / Annual General Meeting
Welcome to the 2014 Back to School Conference Annual General September Meeting 16, 2014 11
Empire Company — Shareholder Meeting (September 2014) on 6ix