Pet Valu Holdings Ltd. · TSX:PET

Pet Valu — Q2 2022 Earnings Presentation

15 slides from Pet Valu's earnings presentation, Jul 2, 2022

  1. Slide 1: Q2 2022 Financial & Operating Review

    Q2 2022 Financial & Operating Review For 13 weeks ended July 2, 2022

  2. Slide 2: Disclaimers

    Disclaimers Forward-Looking Information This presentation contains forward-looking information. Forward-looking information is provided as of the date of this presentation and is based on management’s opinions, estimates and assumptions in light of its experience and perception of historical trends,

  3. Slide 3: Today's Presenters

    Today’s Presenters Richard Maltsbarger Jim Grady President & Chief Executive Officer Chief Financial Officer 3

  4. Slide 4: Our Mission

    Our Mission To be Canada’s preferred pet retailer delivering the products, care, expertise, and memorable moments that devoted pet lovers want… locally in stores and everywhere online 4

  5. Slide 5: Our Long-Term Growth Formula

    Our Long-Term Growth Formula Expand Our Drive Same-Store Enhance 1 Store Network 2 Sales Growth 3 Operating Margins Opportunity to grow store Build on proven strategies Leverage investments count to 1,200+ & growing digital channels in modernizing systems Underpinned by the Resilient & Growing Canad

  6. Slide 6: Q2 2022 Highlights

    Q2 2022 Highlights +21% $228M +23% Same-Store Sales Revenue Adjusted EBITDA Growth (+25% vs. Q2 2021) Growth (traffic +19.3%; (to $52.1M) basket +1.5%)1 13 7 2022 Retail Marketing Renovations, Award for “Love New Store Expansions, Lives Here” Openings (19 opened YTD) or Relocations From Retail Counc

  7. Slide 7: Looking Ahead

    Looking Ahead Expand Our Drive Same-Store Enhance 1 Store Network 2 Sales Growth 3 Operating Margins  Open 35-45 new stores in 2022  Optimizing omni-channel  Navigating confluence of process and experience to drive inflationary pressures in fuel,  Now filling new store pipeline efficiency & effe

  8. Slide 8: Q2 2022 Key Financial Metrics

    Q2 2022 Key Financial Metrics Q2 2022 vs. PY2 Drivers System-Wide Sales $312.5 +35.0% •• Strong SSSG, 35 net new stores in LTM and Chico acquisition Excluding Chico, System-Wide Sales up 24.4% Same-Store Sales Growth +21.2% nm • Traffic1 +19.3% and basket1 +1.5% Revenue $227.7 +25.0% • Excl. Chico,

  9. Slide 9: Q2 2022 Key Financial Metrics

    Q2 2022 Key Financial Metrics Cash Net Leverage Ratio1 Free Cash Flow $39.5M <2.0x $20.4M plus $130M available down from 2.1x in Q1 2022 +8% vs. Q2 2021 on revolver Inventory Long-term Debt Net Capital Expenditures2 $116.8M $341.7M $10.3M YTD +35% vs. Q2 2021 1 Net Leverage Ratio = Net Debt (incl. l

  10. Slide 10: 2022 Outlook

    2022 Outlook Updated Prior SSSG +13-15% +9-12% New Stores 35-45 35-45 Revenue $912-928M $870-895M Adjusted EBITDA $203-207M $191-198M Adjusted Net Income $1.47-1.51 $1.37-1.44 per Diluted Share Capital Expenditures2 $35-40M $35-40M 1 Net of (i) proceeds on disposal of property and equipment, and (ii

  11. Slide 11: Thank You

    Contact Us: Thank You [email protected] (289) 806-4559 11

  12. Slide 12: Appendix

    Appendix petvalu Pulmgs bgsleys Tisol We Totalret Ghict 12 Pets

  13. Slide 13: Reconciliation of Adjusted EBITDA

    Reconciliation of Adjusted EBITDA Quarters Ended Jul. 2, 2022 Jul. 3, 2021 (13 weeks) (13 weeks) Net income $25,278 $44,294 (1) Represents management fees paid to entities affiliated with Roark Capital Management, LLC ("Roark"). Concurrent with the closing of Pet Valu Holdings Ltd.'s (the "Company")

  14. Slide 14: Reconciliation of Adjusted Net Income

    Reconciliation of Adjusted Net Income Quarters Ended Jul. 2, 2022 Jul. 3, 2021 (13 weeks) (13 weeks) Net income $25,278 $44,294 (1) Represents management fees paid to entities affiliated with Roark. Concurrent with the closing of the Offering, the Company terminated the management agreement with Roa

  15. Slide 15: Reconciliation of Free Cash Flow

    Reconciliation of Free Cash Flow Quarters Ended Jul. 2, 2022 Jul. 3, 2021 (13 weeks) (13 weeks) Cash provided by operating activities $33,289 31,669 Cash (used in) provided by investing activities 2,184 1,875 Repayment of principal on lease liabilities (12,046) (11,620) Interest paid on lease liabil

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