Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Q1 2022 Earnings Presentation
10 slides from Empire Co Ltd Class A's earnings presentation, Sep 10, 2020
Slide 1: Q1 F2022 Earnings Call
Q1 F2022 Earnings Call September 9, 2021
Slide 2: First Quarter Highlights
First Quarter Highlights • Earnings per share of $0.70 compared to $0.71 last year. • Prior year included a net positive impact of $0.04 as a results of a gain on a significant real estate transaction partly offset by a lump sum payment related to collective bargaining in Alberta. • Same-store sales
Slide 3: First Quarter Financial Summary
First Quarter Financial Summary Quarter 1 Actual Last Year Sales $7,626.0 $7,354.2 Same-store sales, excluding fuel (2.2%) 11.0% Gross Profit $1,912.2 $1,848.6 Gross margin 25.1% 25.1% Selling and Administrative Costs $1,597.1 $1,512.1 Selling and administrative margin 20.9% 20.6% EBITDA $581.9 $582
Slide 4: Outlook
Outlook The Company expects that fiscal 2022 will continue to be affected by COVID-19, with some normalization of business throughout the year as vaccination rates increase and COVID-19 restrictions are relaxed. Management has observed increased levels of food consumption outside of the home and rel
Slide 5: Project Horizon
Project Horizon Three-year growth strategy for core business expansion and e-commerce acceleration. Management targeting an incremental $500 million in annualized EBITDA, driving an improvement in EBITDA margin of 100 basis points by fiscal 2023. To be achieved through: 1) Growth in market share Ben
Slide 6: Project Horizon – Discount Expansion West
Project Horizon – Discount Expansion West OVERVIEW DISCOUNT EXPANSION TO WESTERN CANADA Empire expects to convert up to 25% of the 255 Safeway and Sobeys full-service format stores in Western Canada to the FreshCo discount format. During the first quarter, the Company opened one location and expects
Slide 7: Project Horizon – Voilà Timeline
Project Horizon – Voilà Timeline December 10, 2020: January 22, 2018: Location of CFC #3 announced in Calgary, Alberta; will deliver to customers in the first half of 2023. Sobeys signs agreement with Ocado to bring world’s leading Early Voilà operating metrics: online grocery delivery solutio
Slide 8: Project Horizon – Store Network Optimization
Project Horizon – Store Network Optimization • Over the course of Horizon (three years), Empire plans to renovate approximately 30% of its store network. Number of locations renovated/converted • In fiscal 2021, the Company invested $679.2 million in capital expenditures, in line with management’s p
Slide 9: CEO's Direct Reports
CEO’s Direct Reports Michael Medline President & Chief Executive Officer Pierre Vivek Mike Sarah Michael Simon Sandra Doug Danielle Mohit St-Laurent Sood Venton Joyce Vels Gagné Sanderson Nathanson Amirault Grover Chief Related Discount E-commerce Chief Chief Marketing General Chief of Staff, Operat
Slide 10: Disclaimers
Disclaimers Forward-Looking Information This presentation contains forward-looking statements which are presented for the purpose of assisting the reader to contextualize the Company’s financial position and understand management’s expectations regarding the Company’s strategic priorities, objective