North West Company Inc. · TSX:NWC
North West — The North West Company — Shareholder Meeting (June 2024)
16 slides from North West's shareholder meeting presentation, Jun 5, 2024
Slide 1: 2024 Annual General Meeting of Shareholders
Click to edit Master title style 2024 Annual General Meeting of Shareholders A Relentless Pursuit Click to edit Master of Value subtitle style June 5th, 2024 0 6/25/2026
Slide 2: President & Chief Executive Officer Remarks
President & Chief Executive Officer Remarks 1
Slide 3: We are in a challenging economic environment…
We are in a challenging economic environment… Subsidies have not kept Significant increase in Retailers under pressure Has heightened food pace with inflation retail prices to reduce costs security concerns …Against this backdrop, we are working to provide more value for our customers and the commun
Slide 4: We are one of the longest continuous retail enterprises in the world
We are one of the longest continuous retail enterprises in the world 1668 1987 1992 2007 2017 2017 Establishment of A group of private Alaska Commercial Acquisition of Cost-U- North West acquires North West acquires trading post at investors & Co., the leading Less, a warehouse RiteWay Food North St
Slide 5: As we move into the future, our primary goal is to deliver strong value
As we move into the future, our primary goal is to deliver strong value by: Empowering our employees 1 for long-term success Being in-stock on the products and services 2 our customers want, and need. Honouring the shared responsibility we 3 have, with the communities we operate in …all with a firm
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Slide 7: Our Promise to Indigenous Peoples was launched in 2022
Our Promise to Indigenous Peoples was launched in 2022 The Next 100 serves to improve the value that we offer to the communities we serve, and live up to the spirit of Our Promise Well-being Stronger Inclusion and and Security Community Bonds Economic Success North West commits to working North West
Slide 8: The Next 100 aims to drive annualized, incremental EBIT over the next three years
The Next 100 aims to drive annualized, incremental EBIT over the next three years, while ensuring sustainable investment back into our core operations Accelerate and Sustain Reinvest in our business to capture new opportunities 2026 and beyond and accelerate growth Accelerate Expand Initiatives Broa
Slide 9: Our focus is also on People
Our focus is also on People Prudently invest in our technology capabilities, training, tools & analytics building capabilities Equip our people to challenge the status quo and drive top performance into the future 8
Slide 10: Leanne Flewitt
Work spans across all of our business units and geographies, and our executive team is fully engaged to drive the program's success. Leanne Flewitt Is leading the company through this journey 9
Slide 11: What we sell, how we move it, how we operate, how we scale
What we sell How we move it (Offer and Value) (Supply Chain & logistics) Our approach is comprehensive, driving even more value to the communities we How we How we serve operate scale (People & (Format & Processes) adjacencies) 10
Slide 12: A few examples:
A few examples: Refining merchandise assortments improving availability New labour optimization tools to enhance efficiency Scrutinizing all costs enhancing value to our customers Lowering food waste supporting ESG objectives Partnership growth with Indigenous businesses 11
Slide 13: Financial results – Q1 2024
Financial results – Q1 2024 Sales in the first quarter up 4% driven by same store sales gains in both Canada and International Operations Net earnings increasing 22.3% compared to the first quarter last year 12
Slide 14: Our team is energized and excited by this journey
Our team is energized and excited by this journey We are setting a foundation for sustained growth that benefits the communities we serve… …And all of our stakeholders, including customers, employees and shareholders 13
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Slide 16: North West Company
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The North West Company — Shareholder Meeting (June 2024) on 6ix