Safeway — FY2012 Earnings Presentation
5 slides from Safeway's earnings presentation, Mar 6, 2013
Slide 1: Financial Guidance For 2013
Financial Guidance For 2013' = Earnings per Share ID Sales (X-Fuel) = Operating Profit Margin A (X-Fuel) (Compared to settlement adjusted 20127) = Capital Expenditures = Free Cash Flow * Excludes impact from potential BHN IPO 2 Compared to 2012 reported results, A would be (12) bps to @) bps See web
Slide 2: 2012 Financial Results
2012 Financial Results Original Guidance Actual ID Sales (X-Fuel) 1.0% — 2.0% 0.5% Operating Profit Margin A re . (X-Fuel) +5 bps +4 bps Capital Expenditures $900M $928M Free Cash Flow $0.85 — $0.95B $0.97B Earnings Per Share $1.90 — $2.10 $2.27* * Includes §46M for legal settlements; adjusted EPS o
Slide 3: Capital Expenditures as a % of Sales
Capital Expenditures as a % of Sales $ Billions 4.2% 4.2% 04-12 average = 3.1% j , aang 25% 3.6% 2.5% 0, 0, 0, 0, | | | 2.1% il | | ] 11] 04 '05 ‘06 ‘07 ‘08 ‘09 "10 ‘41° ‘12 «‘13F ‘14F “15F ‘16F 17F '13- ‘47 $1.2 $1.4 $1.7 $1.8 $1.6 $0.9 $0.8 $1.1 $0.9 ~$1.1 ~$1.1~$1.1 ~$1.2 ~$1.2 $ Billions SAFEWAY
Slide 4: Free Cash Flow
Free Cash Flow $ Billions 1.5 1.3+1.4 1.2-1.3 1.4-1.2 14 1.0-1.1 1.0 0.85-0.95 0.8 0.7 0.5 04 04 05 "06 ‘07 ‘08 09 ‘100 "44 "12,0 "43F 0 '14F O15F O'16F '17F 14°17 18 16 09 O08 1.1 O09 ~1.1 ~1.1 ~1.1 ~1.2 ~1.2 Capital Expenditures “Includes tax on Canada dividend Excludes Blackhawk payables, net of
Slide 5: Total Debt
Total Debt* $ Billions $8.4 $7.8 $6.8 $6.4 $5.9 $5.7 §5.5 $5.4 $5.6 WT ii 02 03 04 «('05 «606 «607 «(08 «609: 10 «11 12 13F SAFEWAY 6), investor 2013 “Assumes retention of Blackhawk