Loblaw Companies Limited · TSX:L
Loblaw Companies — Q4 2014 Earnings Presentation
9 slides from Loblaw Companies's earnings presentation, Feb 26, 2015
Slide 1: Q4 2014 Supplementary Slides
Q4 2014 Supplementary Slides February 26, 2015 1
Slide 2: Forward-looking Statements
Forward-looking Statements This Presentation for Loblaw Companies Limited (“Loblaw” or “the Company”) contains forward-looking statements about the Company’s objectives, plans, goals, aspirations, strategies, financial condition, results of operations, cash flows, performance, prospects and opportun
Slide 3: Key Financial Metrics – Loblaw – Q4 2014
Key Financial Metrics – Loblaw – Q4 2014 Consolidated Revenue $11,413M, +49.4% (+9.4% ex. Shoppers Drug Mart) Adjusted EBITDA $950M, +94.3% (+22.3% ex. Shoppers Drug Mart) Adjusted Operating Income $681M, +132.4% (+33.4% ex. Shoppers Drug Mart) Adjusted EPS $0.96, +68.4% Retail Revenue (ex SDM) $8,1
Slide 4: Key Operational Metrics – Q4 2014 – Loblaw
Key Operational Metrics–Q4 2014—Loblaw +3.3% (ex Gas Bar (50bps) and the negative impact of a change Same Store Sales Core-Grocery* in the distribution model by a tobacco supplier (40bps); including these items core grocery comp SSS was 2.4%) Increase in fresh penetration and loyalty participation d
Slide 5: Key Financial Metrics – Q4 2014 - Shoppers Drug Mart
Key Financial Metrics – Q4 2014 - Shoppers Drug Mart Revenue $3,054M, +11.2% Adjusted Gross Profit $1,221M, +14.3% Adjusted Gross Profit Margin 40.0% (~+110bps) Adjusted EBITDA $352M, +13.9% Adjusted EBITDA Margin 11.5% (~+30bps) Adjusted Operating Income $290M, +16.9% Adjusted Operating Margin 9.5%
Slide 6: Key Operational Metrics – Q4 2014 Shoppers Drug Mart
Key Operational Metrics – Q4 2014 Shoppers Drug Mart Retail Selling Square Footage Growth +0.7% Pharmacy Sales $1,372M, +11.5% Pharmacy SSS +4.2% # Rx Dispensed (Rx Count) +13.8% (+6.0% on same store sales basis) Average Rx Value -1.7% Generic Penetration 64.1% (vs 62.4% Q4 2013) Front of Store Sale
Slide 7: 13th Week Impact
13th Week Impact 2014 2013 (13 week vs. 12 week) (12 week vs. 12 week) (13 weeks) (12 weeks) (12 weeks) $ Change % Change $ Change % Change Revenue $11,413 $10,624 $7,640 $3,773 49.4% $2,984 39.1% Revenue (ex SDM) 8,359 7,785 7,640 719 9.4% 145 1.9% EBITDA $900 $829 $492 $408 82.9% $337 68.5% Adjust
Slide 8: Adjusted Debt by Segment
Adjusted Debt by Segment $ Millions Q4 2014 Retail PCF REIT Con. & Elim. Bank Indebtedness $ 162 $ 162 $ - $ - $ - Short term debt 605 - 605 ‐ ‐ Long term debt due within one year 420 40 379 1 - Long term debt 11,042 7,361 1,005 6,763 (4,087)(a) Trust Unit Liability 722 - - - 722 Capital securities
Slide 9: Adjusted Debt
Adjusted Debt Adjusted Debt at Acquisition $11,060 $1.5B Choice Properties REIT Monetization 1,500 $1.6B Repayment of Term Loan (1,600) ($350) 4.85% MTN Matured and Repaid (350) Other 100 Q2 2014 Reported Adjusted Debt $10,710 $350M Repayment of Term Loan (350) $40M Additional Drawings o