Slide 1: 1st Quarter Earnings Release, FY2023
1st Quarter Earnings Release, FY2023 AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained in this presentation constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically use words such as “believe,” “anticipate,” “
Slide 3: First Quarter Fiscal 2023 Conference Call
First Quarter Fiscal 2023 Conference Call December 6, 2022 AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 3
Slide 4: AutoZone Pledge
AutoZone Pledge AutoZoners always put customers first! We know our parts and products. Our stores look great! We’ve got the best merchandise at the right price. AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 4
Slide 5: First Quarter FY 2023 Financial Highlights
First Quarter FY 2023 Financial Highlights ✓ Net Sales +8.6% ✓ Domestic SSS +5.6% ✓ Diluted weighted shares outstanding decreased 9.1% vs Q1 FY22 ✓ During Q1 FY23, we returned $900MM to our shareholders through share repurchases in millions (excluding EPS and percentages) November 19, 2022 November
Slide 6: Growth Priorities
Growth Priorities • U.S. Retail (DIY) • Commercial (DIFM) • International AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 6
Slide 7: New Store Highlights
New Store Highlights 12 Weeks Ended 12 Weeks Ended Domestic: November 19, 2022 November 20, 2021 Beginning stores 6,168 6,051 Stores opened 28 15 Ending domestic stores 6,196 6,066 Relocated stores 3 3 Square footage (in thousands) 40,874 39,865 Mexico: Beginning stores 703 664 Stores opened 3 2 End
Slide 8: Commercial Highlights
Commercial Highlights Financial Highlights # of Commercial Programs Total Domestic Commercial Programs 5,459 % increase in programs vs. LY 4.8% 12 Weeks Ended November 19, 2022 Trailing 4 Qtrs Domestic Commercial Sales $1,034.4 $4,364.9 ($ millions) % increase in sales 14.9% 23.0% 12 Weeks Ended Nov
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights As of As of ($ in millions, except per store amounts are in thousands) November 19, 2022 November 20, 2021 H/(L) Inventory $ 5,608 $ 4,768 17.6% Inventory/store $ 804 $ 703 14.4% Inventory, net of payables $ (1,738) $ (1,403) 23.9% Inventory, net of payables/store $ (249) $
Slide 10: Building Shareholder Value
Building Shareholder Value ✓ Live the Pledge ✓ Consistent, steady EPS growth ✓ Powerful Free Cashflow generation ✓ Disciplined Capital Allocation • Invest to optimize performance of existing assets • Drive growth • Excess cash returned to shareholders ✓ Accelerate growth in Commercial and DIY • Hubs
Slide 11: AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 11