Pet Valu Holdings Ltd. · TSX:PET
Pet Valu — Q4 2024 Earnings Presentation
14 slides from Pet Valu's earnings presentation, March 2025
Slide 1: Q4 2024 Financial & Operating Review
Q4 2024 Financial & Operating Review For 13-week period ended Dec. 28, 2024
Slide 2: Disclaimer
Disclaimer Forward-Looking Information This presentation contains forward-looking information. Forward-looking information is provided as of the date of this presentation and is based on management’s opinions, estimates and assumptions in light of its experience and perception of historical trends,
Slide 3: Today's Presenters
Today’s Richard Maltsbarger Chief Executive Officer Presenters Greg Ramier President & Chief Operating Officer Linda Drysdale Chief Financial Officer This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in pa
Slide 4: Q4 2024 Highlights
$295M $41M Q4 2024 Revenue +3% vs. Q4 2023 Free Cash Flow ($103M in Fiscal 2024) Highlights $68M 19 Adjusted New Store EBITDA Openings (4)% vs. Q4 2023 (41 in Fiscal 2024) $0.45 14 Adjusted Net Income Renovations, Expansions per Diluted Share or Relocations $29M Net Income (39 in Fiscal 2024) Note:
Slide 5: Our Key Focuses
Our Key Focuses Local & Everywhere Best Pet Customer Strong Wholesale & Pet Specialty Retailer Experience in Canada Retail Fundamentals • Opening new stores across Canada • Offering compassionate, expert • Transforming our supply chain in-store customer service • Continual renovations, expansions •
Slide 6: Q4 2024 Key Financial Metrics
Q4 2024 Key Financial Metrics Q4 2024 vs. PY2 Drivers System-wide sales $388.1 +2.4% • 41 new stores in last 12 months (“LTM”) Same-store sales (decline) (0.2)% --- • Basket1 +2.0% and Traffic1 (2.1)% • Higher franchise and other revenue, driven by growth in Revenue $295.1 +2.9% wholesale penetratio
Slide 7: Q4 2024 Key Financial Metrics
Cash Free Cash Flow Q4 2024 $35.1M Conversion1 42% Key Financial plus $175M revolver capacity Metrics Long-term Debt Net Leverage Ratio2 $278.0M 2.1x (1)% vs. Q4 2023 vs. 2.3x at Q4 2023 Inventory Net Capital Expenditures $124.6M $14.8M +2% vs. Q4 2023 $52.3M in Fiscal 2024 1Free Cash Flow Conversio
Slide 8: Outlook
2025 Growth from 20251 2024 Outlook Revenue …supported by… $1.17-1.20B +7 to +9% Same-Store Sales Growth +1 to +4% n/a New Store Openings ~40 +5%2 Adjusted EBITDA $254-260M +3 to +5% Adjusted Net Income $1.60-1.66 +2 to +6% per Diluted Share Net Capital Expenditures ~$35M ($17)M 1 2025 will be a 53-
Slide 9: Our Mission
Our Mission To be Canada’s preferred pet retailer delivering the products, care, expertise, and memorable moments that devoted pet lovers want…locally in stores and everywhere online. This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted o
Slide 10: Appendix
Appendix This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2025 Pet Valu Canada Inc. 10
Slide 11: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Quarters Ended Dec. 28, 2024 Dec. 30, 2023 (13 weeks) (13 weeks) Net income $28,905 $28,765 (1) Represents discrete, project-based implementation costs associated with new information technology systems and discrete Software-as-a-Service ("SaaS") arrangements for tr
Slide 12: Reconciliation of Adjusted Net Income
Reconciliation of Adjusted Net Income Quarters Ended Dec. 28, 2024 Dec. 30, 2023 (13 weeks) (13 weeks) Net income $28,905 $28,765 (1) Represents discrete, project-based implementation costs associated with new information technology systems and discrete SaaS arrangements for transformational initiat
Slide 13: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow Quarters Ended Fiscal Years Ended Dec. 28, 2024 Dec. 30, 2023 Dec. 28, 2024 Dec. 30, 2023 (13 weeks) (13 weeks) (52 weeks) (52 weeks) Cash provided by $67,737 $55,214 $200,076 $135,344 operating activities Cash (used in) provided (3,899) (1,676) (8,522) (16,154) by i
Slide 14: Thank You
Thank You Contact Us: investors@petvalu.com (289) 806-4559 This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2025 Pet Valu Canada Inc. 1