Reitmans (canada) Limited · TSXV:RET
Reitmans (canada) — Shareholder Meeting (June 2025)
27 slides from Reitmans (canada)'s shareholder meeting presentation, Jun 18, 2025
Slide 1: Annual General Meeting of Shareholders
Annual General Meeting of Shareholders June 18, 2025 RCL – Reitmans Canada Ltd.
Slide 2: Stephen Reitman, Executive Chairman of the Board
Stephen Reitman Executive Chairman of the Board
Slide 3: Sam Minzberg, Vice Chair and Lead Independent Director
Sam Minzberg Vice Chair and Lead Independent Director
Slide 4: Meeting Agenda
Meeting Agenda 1. Receive fiscal 2025 financial statements 2. Election of directors 3. Appointment of auditors 4. Other business 5. Termination of formal meeting 6. Management presentation 4 - RCL – Reitmans Canada Ltd.
Slide 5: Management Presentation
Management Presentation June 18, 2025 RCL – Reitmans Canada Ltd.
Slide 6: Caroline Goulian, CPA, EVP and Chief Financial Officer
Caroline Goulian, CPA EVP and Chief Financial Officer
Slide 7: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements about the Company’s objectives, plans, goals, expectations, aspirations, strategies, financial condition, results of operations, cash flows, performance, and prospects. Specific forward-looking statements in this presen
Slide 8: Fiscal 2025 Key Initiatives
Fiscal 2025 Key Initiatives Total investments of $31.2M, namely in: • 11 new stores opened to modernize and optimize our store fleet • Modernized SORTRAK© Distribution Centre Inventory Processing System Strategic Business Closing Decisions: • Thyme Maternity • RCL Market • 14 underperforming stores
Slide 9: Fiscal 2025 Financial Highlights
Fiscal 2025 Financial Highlights $773.8M Net Revenues $25.4M Adjusted EBITDA(1) $12.1M Net Earnings (1) This is a non-GAAP financial measure. See our MD&A for 9 - RCL – Reitmans Canada Ltd. a reconciliation of net earnings to adjusted EBITDA.
Slide 10: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights $158.9M • Improved e-commerce revenue Net Revenues • Severe winter weather and ($10.6)M economic uncertainty impacted results Adjusted EBITDA(1) • Reitmans brand performed well with its hallmark of great ($10.0)M styles and quality at Net Loss accessible price points (1)
Slide 11: Solid Financial Position
Solid Financial Position Working Capit al (in millions of CAD$) $85.4M Strong cash position provides flexibility 180 165.7 $135.0M 150 134.8 120 90 Well-positioned inventory level 60 30 0 $0 FY 2025 Q1 2026 No bank debt 11 - RCL – Reitmans Canada Ltd.
Slide 12: Normal Course Issuer Bid
Normal Course Issuer Bid Since August 5, 2024: • RCL may acquire up to 3,283,582 Class 1 A (non-voting) Shares of the 318,200 Company, representing approximately 10% of the public float of Class A shares Class A shares purchased for aggregate consideration of • Effective from August 5, 2024, until A
Slide 13: Andrea Limbardi, President and Chief Executive Officer
Andrea Limbardi President and Chief Executive Officer
Slide 14: Experienced Leadership
Experienced Leadership Andrea Limbardi, President & Caroline Goulian, EVP & Jackie Tardiff, EVP & COO CEO CFO Led by our first non-family CEO, our leadership team is bringing fresh perspectives to drive long-term value creation. Isabelle Leclerc, EVP & Chief People and Corporate Affairs Officer Mike
Slide 15: Designed for the Future: Our Strategic Pillars
Designed for the Future: Our Strategic Pillars Drive Accelerated Fuel Growth with Ignite High Brand Growth Modernization Performance 15 - RCL – Reitmans Canada Ltd.
Slide 16: Drive Accelerated Brand Growth
Drive Accelerated Brand Growth Expand our brands and capitalize on strong customer loyalty. • Invest in store renovations, expansions, and openings • Increase square footage and productivity per square foot • RW&CO: double men’s business and drive double-digit growth in women’s 16 - RCL – Reitmans C
Slide 17: Drive Accelerated Brand Growth
Drive Accelerated Brand Growth • Continue to shift perception and grow engagement with the Millennial customer. • Increase market share through category growth in key areas. • Revamp store design and locations to continue to deliver market-leading experience. 17 - RCL – Reitmans Canada Ltd.
Slide 18: Drive Accelerated Brand Growth
Drive Accelerated Brand Growth • Double men’s business and drive double-digit growth in women’s. • Elevate style and quality to bring the Zillennial customers luxury-inspired fashion. • Expanded store concept launching in Fall 2025. 18 - RCL – Reitmans Canada Ltd.
Slide 19: Drive Accelerated Brand Growth
Drive Accelerated Brand Growth • Drive growth through increased fashionability and curated collections. • Enhanced store service models unique to the Plus size customer in Canada. • Deliver new real estate concepts and locations. 19 - RCL – Reitmans Canada Ltd.
Slide 20: Brand growth is supported by a strong, diversified supply chain
Other, 0.9% Vietnam 5.5% Brand growth is supported by a strong, Cambodia 45.9% China diversified supply 33.9% chain. Bangladesh 13.7% 20 - RCL – Reitmans Canada Ltd.
Slide 21: Fuel Growth with Modernization
Fuel Growth with Modernization Transform our infrastructure through streamlining and improving systems & processes for faster, customer-centric operations. • Improve product speed to market and leverage use of digital technologies for design • Enhance digital experience including a new e- commerce e
Slide 22: Ignite High Performance
Ignite High Performance Evolve our culture to adapt to new and constantly changing realities. • Foster high performance • Strengthen our employee value proposition • Elevate our brand and market position 22 - RCL – Reitmans Canada Ltd.
Slide 23: Our Ambition by Fiscal 2030
Our Ambition by Fiscal 2030 Revenue Adjust ed EBITDA (in millions of CAD$) (in millions of CAD$) 1000 60-70 1000 70 773.8 5.3% 60 800 CAGR 50 20.7% 600 40 CAGR(1) 400 30 25.4 20 200 10 0 0 FY2025 FY2030 FY2025 FY2030 E E • RW&CO: Largest growth opportunity • Increase efficiencies and productivity •
Slide 24: Reinvesting Approximately $100M in our business over the next 5 years
Reinvesting Approximately $100M in our business over the next 5 years 25% Over 75% $100M of investment Invest in store renovations, expansions, and openings Modernization of digital technology & infrastructure 24 - RCL – Reitmans Canada Ltd.
Slide 25: Summary
Summary 5-year strategy to profitably drive $1 billion in revenue by FY 2030 with adjusted EBITDA to grow from $25.4M to $60M-$70M enabled by: • New leadership team • Reinvesting ~$100M in our business • Strong balance sheet; no bank debt & strong cash position 25 - RCL – Reitmans Canada Ltd.
Slide 26: Q&A For more information
Q&A For more information Email: investors@reitmans.com Website: reitmanscanadalimited.com 26 - RCL – Reitmans Canada Ltd.
Slide 27: RCL – Reitmans Canada Ltd.
RCL – Reitmans Canada Ltd.