Loblaw Companies Limited · TSX:L
Loblaw Companies — Q3 2014 Earnings Presentation
8 slides from Loblaw Companies's earnings presentation, Nov 12, 2014
Slide 1: Q3 2014 Supplementary Slides
Q3 2014 Supplementary Slides November 12, 2014 1
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation for Loblaw Companies Limited (“Loblaw”) may contain forward-looking statements about Loblaw’s objectives, plans, goals, aspirations, strategies, prospects and opportunities. It may also contain statements about the acquisition by Loblaw of Shoppers Drug M
Slide 3: Key Financial Metrics – Loblaw – Q3 2014
Key Financial Metrics – Loblaw – Q3 2014 Consolidated Revenue $13,599M, +35.9% (+2.0% ex. Shoppers Drug Mart) Adjusted Operating Income $669M, +74.2% (+2.6% ex. Shoppers Drug Mart) Adjusted EBITDA $1,001M, +56.9% (+1.3% ex. Shoppers Drug Mart) Adjusted EPS $0.90, +23.3% Retail Revenue (ex SDM) $9,98
Slide 4: Key Operational Metrics – Q3 2014 – Loblaw
Key Operational Metrics–Q3 2014—Loblaw Same Store Sales +2.6% (excluding Shoppers Drug Mart) Increase in fresh penetration and loyalty participation drove higher Basket Size basket Traffic Increased slightly. Tonnage In line with the overall market Internal Inflation In line with CPI of 2.8% Loblaw
Slide 5: Key Financial Metrics – Q3 2014 – Shoppers Drug Mart
Key Financial Metrics – Q3 2014 - Shoppers Drug Mart Revenue $3,387, +3.0% Adjusted Operating Income $275, +14.1% Adjusted Operating Margin 8.1% (~+80bps) Adjusted EBITDA $355, +8.2% Adjusted EBITDA Margin 10.5% (+50bps) Adjusted Gross Profit $1,323, +5.1% Adjusted Gross Profit Margin 39.1% (+80bps)
Slide 6: Key Operational Metrics – Q3 2014 – Shoppers Drug Mart
Key Operational Metrics – Q3 2014 Shoppers Drug Mart Retail Square Footage Growth +2.0% Pharmacy Sales $1.6B, +3.7% Pharmacy SSS +3.5% # Rx Dispensed (Rx Count) +4.6% (+4.4% on same store sales basis) Average Rx Value -0.5% Generic Penetration 63.1% (vs 61.6% Q3 2013) Front of Store Sales $1.8B, +2.
Slide 7: Adjusted Debt by Segment
Adjusted Debt by Segment $ Millions Q3 2014 Retail PCF REIT Con. & Elim. Bank Indebtedness $ 323 $ 323 $ - $ - $ - Short term debt 605 - 605 - - Long term debt due within one year 71 44 27 - - Long term debt 11,549 7,633 1,286 6,554 (3,924)(a) Trust Unit Liability 697 - - - 697 Capital securities 22
Slide 8: 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