Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Q4 2021 Earnings Presentation
11 slides from Empire Co Ltd Class A's earnings presentation, Jun 23, 2021
Slide 1: Q4 F2021 Earnings Call
Q4 F2021 Earnings Call June 23, 2021
Slide 2: Fourth Quarter Highlights
Fourth Quarter Highlights • Earnings per share of $0.64 compared to $0.66 last year. Prior year included $0.06 of unusual gain on the surrender of lease – removing this impact, earnings per share increased 6.7%. This quarter includes $0.04 (2020 - $0.01) of Voilà dilution – for fiscal 2021, Voil
Slide 3: Fourth Quarter Financial Summary
Fourth Quarter Financial Summary Quarter 4 Full Year 2021 Actual Last Year Actual Last Year Sales $6,920.0 $7,012.4 $28,268.3 $26,588.2 Same-store sales, excluding fuel (6.1%) 18.0% 5.6% 5.7% Gross Profit $1,795.7 $1,819.5 $7,199.3 $6,633.3 Gross margin 25.9% 25.9% 25.5% 24.9% Selling and Administra
Slide 4: Outlook
Outlook Management expects that fiscal 2022 will continue to be affected by the COVID-19 pandemic in the early part of the fiscal year, with some normalization of business throughout the year as vaccination rates increase and COVID-19 restrictions are relaxed. Although difficult to predict given the
Slide 5: COVID-19 Update
COVID-19 Update The novel coronavirus (“COVID-19” or “pandemic”) began to impact the Company in February 2020 and has resulted in restrictions by government authorities and the encouragement for Canadians to practice public health measures. This has led to increased safety protocols in stores and di
Slide 6: 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. In fiscal 2021, Project Horizon benefits were achieve
Slide 7: Project Horizon – Discount Expansion West
Project Horizon – Discount Expansion West OVERVIEW DISCOUNT EXPANSION TO WESTERN CANADA Empire expects to convert up to 25% of its 255 Safeway and Sobeys full-service format stores in Western Canada to its FreshCo discount format. The Company expects to have 40 locations open in Western Canada by th
Slide 8: 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 Curbside expansion announced in Alberta. online grocery delive
Slide 9: Project Horizon – Store Network Optimization
Project Horizon – Store Network Optimization • Over the course of Horizon (three years), Empire plans to renovate approximately Fiscal 2021 Q1 Q2 Q3 Q4 F21 30% of its store network. Locations Renovated 13 17 19 23 72 • In fiscal 2021, the Company invested $679.2 million in capital expenditures, in l
Slide 10: 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 11: 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