Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Investor Presentation (September 2025)
21 slides from Empire Co Ltd Class A's investor presentation, September 2025
Slide 1: Investor Presentation
Investor Presentation September 2025 Katie Brine – Vice President, Investor Relations, Treasury & Pensions Email: investor.relations@empireco.ca
Slide 2: 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, objectives
Slide 3: Uniquely positioned to capture the Omni-Channel future of grocery
Empire Company is uniquely positioned to capture the Omni-Channel future of grocery Retail Network Assets Supported by Real Estate Assets: Connected by the Scene+ Loyalty Program Full Service(1) Discount E-Commerce Related Business * Equity ownership in Crombie REIT (CRR-UN) at 41.5% Partnerships *
Slide 4: Serving Canadians for over 115 years through Food Retailing and Real Estate
Empire Company: Ser ving Canadians for over 115 years through its Food Retailing and Real Estate Businesses 1,600+ $30B+ 4 29 51% 41.5% Stores Annual Sales CFCs to support Distribution Interest in Interest in Voilà Centres Longo’s Crombie REIT Operating in all 10 Intention to operate Strategically 1
Slide 5: One of Two Players with National Scale in Grocery
One of Two Players with National Scale in Grocery National scale and presence, operating over 2,300 stores (including more than 350 retail fuel locations) in Canadian Population all 10 provinces, with 98 stores currently offering Voilà Curbside Pickup. by Province (Growth (1) 2018–2024): • British C
Slide 6: Strong Financial Performance
Strong Financial Performance Sales CAGR(1) Adjusted EBITDA CAGR(1)(2)(4) Adjusted EPS CAGR(1)(2)(4) 3.7% ($ in billions) 13.2% ($ in billions) 13.0% ($ per share) $32.0 $31.3 $2.5 $2.4 $2.98 $3.00 $30.0 $2.50 $2.0 $28.0 $2.00 $1.5 $26.0 $1.50 $1.0 $24.0 $1.00 $0.5 $22.0 $0.50 $20.0 $0.0 $0.00 (3) 20
Slide 7: Empire Company — A Compelling Investment Opportunity
Empire Company — A Compelling Investment Opportunity #2 in Grocery Market Share Leveraging national retail network to deliver outsized growth and attractive financial performance amid solid population growth trends. Long-Term Financial Long-term financial framework to achieve 8%-11% EPS Framework grow
Slide 8: Long-Term Financial Framework
Long-Term Financial Framework 8% to 11% Long Term Average Adjusted EPS Growth Driven by our intention to improve Sales, Gross Margin (excluding fuel), and adjusted EBITDA margin Continued Focus on Stores Enhanced Focus on Digital and Data Efficiency and Cost Optimization We will continue to focus on
Slide 9: Continued Focus on Stores
Continued Focus on Stores Discount Expansion Space Productivity Continue to pursue expansion by market Improve store layouts, optimize West: category/product adjacencies, tailoring • 51 new FreshCo stores since F18 assortment BETTER DATA • Expect to open an additional 4 stores in F2026. STORE FOCUSE
Slide 10: Enhanced Focus on Digital and Data
Enhanced Focus on Digital and Data A differentiated national loyalty platform - driving incremental sales and earnings Co-owner Personalization Drive Data Ownership to at Scale Incrementality Drive Insights Differentiated Connected Banners to Drive New Customer Enhanced Customer Experience Omni-Chan
Slide 11: Enhanced Focus on Digital and Data: E-Commerce
Enhanced Focus on Digital and Data E-Commerce Key Areas of Focus Announced partnerships in Q2 F24: • October 24, 2024 - Launched in Ontario • December 5, 2024 - Expanded to Best-in-Class Delivery Western Canada Superior In-Stock Position Substantial Assortment Extremely low substitution rate, Experi
Slide 12: Efficiency and Cost Optimization
Efficiency and Cost Optimization Strategic Supply Chain Organization / Other Sourcing Drive efficiency and cost • Drive supply chain productivity and • Turnaround Era (F18 - F23):л effectiveness through various cost effectiveness Transitioned from a regional to initiatives within goods not for resal
Slide 13: Disciplined and Balanced Capital Allocation
Disciplined and Balanced Capital Allocation Significant Shareholder Return and Growing Dividends (% of Market Capitalization) Dividends ($M) Repurchases (% of Market Capitalization) Share Repurchases ($M) Return of Capital 590 603 6.9% 581 6.0% (Dividends + NCIB) 520 5.2% 5.1% As a percentage of 406
Slide 14: ESG Goals: Steady and tangible progress
ESG1 Goals: Steady and tangible progress Planet FOOD WASTE CLIMATE ACTION CLIMATE ACTION PLASTICS & PACKAGING 30.1% Our goal is that 64% 13% We’re reducing our impacts ~30M lbs of surplus food donated, of suppliers (by spend) set and taking action on gaining recognition from Second science-based tar
Slide 15: Summary of Financial Results
Summary of Financial Results Fiscal Year 2018 2019 2020 2021 2022 2023 2024 2025 52 weeks 52 weeks 52 weeks 52 weeks 53 weeks 52 weeks 52 weeks 52 weeks (1) (2) 5-May-18 4-May-19 2-May-20 1-May-21 7-May-22 6-May-23 4-May-24 3-May-25 Sales $24,215 $25,142 $26,588 $28,268 $30,162 $30,478 $30,733 $31,2
Slide 16: Appendices
Appendices empire
Slide 17: Appendix A: A Review of Turnaround Initiatives
Appendix A: A Review of Turnaround Initiatives Project Sunrise Project Horizon Financial Targets Financial Targets >$550M $500M 50 bps ~13% (1) (1) Cost Savings Incremental Of EBITDA margin EPS CAGR annualized EBITDA improvement ACHIEVED ACHIEVED ACHIEVED ACHIEVED Initiatives Initiatives • Organizat
Slide 18: Appendix B: Scene+ Reward Categories
Appendix B: Scene+ Reward Categories Grocery, Liquor, Shopping Home Pharmacy Banking Entertainment Travel (redeem only) Dining Improvement (Earn only) PLUS many more…
Slide 19: Appendix C: E-Commerce Timeline
Appendix C: E-Commerce Timeline November 2021 March 2022 May 2024 January 2018 Voilà par IGA Paused opening of 4th CFC in E-commerce option launches for Quebec Vancouver and ended mutual Sobeys signs agreement available for customers. (CFC #2) exclusivity with Ocado (slightly earlier with Ocado to b
Slide 20: Appendix D: Financial Results – Quarter Review
Appendix D: Financial Results – 12 Quarter Review Fiscal 2023 Fiscal 2024 Fiscal 2025 Fiscal 2026 Q2 F23 Q3 F23 Q4 F23 Q1 F24 Q2 F24 Q3 F24 Q4 F24 Q1 F25 Q2 F25 Q3 F25 Q4 F25 Q1 F26 Nov 5 Feb 4 May 6 Aug 5 Nov 4 Feb 3 May 4 Aug 3 Nov 2 Feb 1 May 3 Aug 2 2022 2023 2023 2023 2023 2024 2024 2024 2024 2
Slide 21: Executive Leadership Team
Executive Leadership Team Michael Medline President & Chief Executive Officer Pierre St-Laurent Costa Pefanis Sandra Sanderson Doug Nathanson Julia Knox Sandra Pasquini Chief Operating Officer Chief Financial Officer Chief Marketing Officer Chief Development Chief Technology and Chief Human Resource
Empire Company — Investor Presentation (September 2025) on 6ix