Reitmans (canada) Limited · TSXV:RET
Reitmans (canada) — Q2 2025 Earnings Presentation
20 slides from Reitmans (canada)'s earnings presentation, Sep 20, 2024
Slide 1: Q2 2025 Earnings Call
Q2 2025 Earnings Call September 20, 2024
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Reitmans (Canada) Limited (the "Company”) with respect to future business activities and operat
Slide 3: Q2 2025 General Overview
Q2 2025 GENERAL OVERVIEW Andrea Limbardi President and Chief Executive Officer 3
Slide 4: RCL's Brands
RCL’s Brands Leading Women’s brand Canada’s premier destination Lifestyle brand catering to men offering unique superior style, for plus-size fashion – where and women who are the quality, fit, and value. style and fit are unparalled. trendsetters amongst their peers. 224 stores 85 stores 80 stores
Slide 5: Keys to an Exceptional Quarter
Keys to an Exceptional Quarter • Read summer trends really well • Comparable sales +3.5% • The right inventory at the • Improved gross margins right time • Higher profitability • Less promotional activity (1) This is a Supplementary Financial Measure. See the Appendix on page 19 for a definition of
Slide 6: Collabs and Campaigns were successful in driving acquisition and sales growth
Collabs and Campaigns were successful in driving acquisition and sales growth • RW&CO o La Dolce Vita: Elevated Summer collection for men's and women's [Opportunity for image from the denim event] • Reitmans o Linen Au Naturel: Fresh linen styles for all her summer styles o Vuarnet x HYBA: Collab wi
Slide 7: Q2 2025 Financial Results
Q2 2025 FINANCIAL RESULTS Richard Wait, CPA Executive Vice-President and Chief Financial Officer 7
Slide 8: Net Revenues
Net Revenues • Net revenues increased 0.4% despite 250 operating 16 less stores than in Q2 214.6 215.5 2024 200 150 • Comparable sales(1) were up 3.5% primarily due to higher sales dollars 100 and units per transaction 50 • Retail store activity accounted for 0 75.8% of net revenues in Q2 2025; Q2 2
Slide 9: Gross Profit and SG&A Expenses
Gross Profit SG&A(1) Expenses 140 127.3 120 119.7 100.8 105.8 120 100 100 80 80 60 60 40 40 20 20 0 0 Q2 2024 Q2 2025 Q2 2024 Q2 2025 In millions of C$ In millions of C$ • Gross profit as a % of net revenue improved 330 bps • Depreciation on right-of-use assets increased by $1.7 to 59.1% million due
Slide 10: Net Earnings, Adjusted EBITDA, ROA
Net Earnings Adjusted EBITDA(1) ROA(2) 20 25 23.4 25 21.5 15.7 19.2 18.9 20 20 15 13.4 15 15 10 10 10 5 5 5 0 0 0 Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 In millions of C$ In millions of C$ In millions of C$ • Earnings per share was $0.32 vs • Increased by $4.2 million, or • $2.6 million inc
Slide 11: Solid Financial Position
Solid Financial Position Working Capital(1) $124.0M 180 168.4 160.0 Strong cash position provides flexibility 150 120 90 $137.5M 60 Well-positioned inventory level 30 0 Q2 2024 Q2 2025 $115M In millions of C$ Undrawn revolving credit facility (1) This is a non-GAAP financial measure. See the Appendi
Slide 12: Outlook
OUTLOOK Andrea Limbardi President and Chief Executive Officer 12
Slide 13: Outlook
Outlook • Key competitive advantages will enable RCL to navigate through uncertain macroeconomic environment • Key initiatives for fiscal 2025 • Improved handling systems in distribution centre • Continued development of 3D design capabilities • New point of sale system • Well-positioned to drive pr
Slide 14: Capital Allocation Priorities
Capital Allocation Priorities • Invest in store renovations and new Historical Store Count(1) openings 500 • Modernization – digital technology and 80 infrastructure (i.e. distribution centre) 400 78 77 80 81 80 300 111 92 • Forecasting capital expenditures of $32 90 91 86 85 million for FY 2025 ($1
Slide 15: PENN. RW&CO.
PENN. RW&CO. Rethwang
Slide 16: Appendix
APPENDIX 16
Slide 17: Non-GAAP Financial Measures and Supplementary Financial Measures
Non-GAAP Financial Measures and Supplementary Financial Measures This presentation makes reference to certain non-GAAP measures. These measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS. They are therefore unlikely to be comparable to similar me
Slide 18: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The tables below provide a reconciliation of net earnings to Adjusted EBITDA and the composition of working capital: For the second quarter of Year to date fiscal 2025 2024 2025 2024 Net earnings $ 15.7 $ 13.4 $ 14.2 $ 9.5 Depreciation, amortization and
Slide 19: Supplementary Financial Measures
Supplementary Financial Measures The Company uses a key performance indicator (“KPI”), comparable sales, to assess store performance and sales growth. The Company engages in an omnichannel approach in connecting with its customers by appealing to their shopping habits through either online or store
Slide 20: reitmanscanadalimited.com
reitmanscanadalimited.com