Murphy Usa Inc. · NYSE:MUSA
Murphy Usa — Shareholder Meeting (May 2021)
10 slides from Murphy Usa's shareholder meeting presentation, May 2021
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting May 2021 Murphy USA Inc. 1
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward-looking statements. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those express
Slide 3: Another year of achieving record-high share price
Another year of achieving record-high share price MUSA High and Low Closing Share Price with Annual Set the Bar Raise the Bar Average by Year Since Spin Spin to 2019 2021 to 2024 As of 4/30/2021 TSR: 15% CAGR TSR: 15+% CAGR $170 2013 2019 2021 2024 $155 $150 Adjusted Spin to 2019 Average: 15% CAGR $
Slide 4: QuickChek acquisition complements value creation story
QuickChek acquisition complements value creation story MUSA Value Creation Drivers Strategy Enhanced Levers Build/Rebuild • Optimize MUSA format and consolidated Organic capital expenditures Growth assets where • Accelerate build-out of QuickChek sites we have a * right to win • Establish appropriat
Slide 5: Acquiring critical food and beverage capabilities with QuickChek
Acquiring critical food and beverage capabilities with QuickChek Company Overview Merchandise Gross Profit Per Store $ in thousands $1,396 $1,289 $674 $481 $475 $469 $282 NACS Fuel Stores Average Merchandise % of Total Gross Profit 60% 73% 74% 57% 52% 51% 37% Fuel vs. Non-Fuel Stores Gross Profit Mi
Slide 6: COVID highlighted MUSA's resiliency, with sustainable benefits
COVID highlighted MUSA’s resiliency, with sustainable benefits Key Metrics Table COVID Impact on Consumers: Q1 2019 Q1 2021 Change . • Purchasing behaviors changed • Destination trips less frequent SSS Gallons (K) 234 213 ▼ 9.0% • Focus on value amplified Fuel Total Fuel Contribution (MM) $128 $227
Slide 7: Appendix
Appendix % eee rere eee e eee eee eee eee ee eee eee ee Murphy USA Inc. f
Slide 8: 2021 guidance
2021 guidance 2020 Updated 2020 Actual Results 2021 Guidance Range Guidance Range Organic Growth New Stores 25-27 24 Up to 55 Raze and Rebuilds 28-30 33 Up to 25 Fuel Contribution Retail fuel volume per store (K gallons APSM) 217.5 to 222.5 220 245 to 255 Store Profitability Merchandise contribution
Slide 9: Non-GAAP adjusted EBITDA reconciliation
Non-GAAP adjusted EBITDA reconciliation Year Ended December 31, (Millions of dollars) 2013 2014 2015 2016 2017 2018 2019 2020 Net Income $ 235.0 $ 243.9 $ 176.3 $ 221.5 $ 245.3 $ 213.6 $ 154.8 $ 386.1 Income taxes 100.1 116.4 80.7 130.5 (5.2) 60.3 47.6 123.0 Interest expense, net of interest income
Slide 10: Non-GAAP Adjusted EBITDA Reconciliation
Non-GAAP Adjusted EBITDA Reconciliation 2021 and 2024 – GAAP to non-GAAP Reconciliation (Millions of dollars) Calendar Year 2021 Calendar Year 2024 Net Income $200 $263 Income taxes $65 $89 Interest expense, net of interest income $73 $73 Depreciation and amortization $211 $274 Other operating and n