Pet Valu Holdings Ltd. · TSX:PET
Pet Valu — Q2 2022 Earnings Presentation
15 slides from Pet Valu's earnings presentation, Jul 2, 2022
Slide 1: Q2 2022 Financial & Operating Review
Q2 2022 Financial & Operating Review For 13 weeks ended July 2, 2022
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,
Slide 3: Today's Presenters
Today’s Presenters Richard Maltsbarger Jim Grady President & Chief Executive Officer Chief Financial Officer 3
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
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
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
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
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,
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
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
Slide 11: Thank You
Contact Us: Thank You [email protected] (289) 806-4559 11
Slide 12: Appendix
Appendix petvalu Pulmgs bgsleys Tisol We Totalret Ghict 12 Pets
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")
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
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