Groupe Dynamite Inc. · TSX:GRGD
Groupe Dynamite — Q2 2026 Earnings Presentation
33 slides from Groupe Dynamite's earnings presentation, Sep 10, 2026
Slide 1: Q2-26 Investor Presentation
Q2-26 INVESTOR PRESENTATION SEPTEMBER 10, 2026
Slide 2: Disclaimer (1/2)
DISCLAIMER (1/2) In this presentation, all references to “$” and “C$” are to Canadian dollars. Forward-Looking Statements This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may relate to the Company’s
Slide 3: Disclaimer (2/2)
DISCLAIMER (2/2) Market and Industry Data Market and industry data presented throughout this presentation were obtained from third-party sources, industry reports and publications, websites and other publicly available information, as well as industry and other data prepared by us or on our behalf,
Slide 4: Q2-26 Highlights
Q2-26 HIGHLIGHTS 13-WEEK PERIOD ENDED AUGUST 1, 2026 $423.6mm 29.8% REVENUE YOY GROWTH 10.3% 12.3% 7 $61.4mm 31.5% COMPARABLE STORE SALES1 CONSTANT CURRENCY BASIS NEW GARAGE E-COMMERCE REVENUE YOY GROWTH COMPARABLE STORE SALES1 STORE OPENINGS 68.8% 520 bps YoY 24.6% 210 bps YoY 44.3% 740 bps YoY GRO
Slide 5: FY-25 Highlights
FY-25 HIGHLIGHTS 52-WEEK PERIOD ENDED JANUARY 31, 2026 $1,310.2mm 36.7% REVENUE YOY GROWTH 26.7% 20 $247.8mm 44.2% COMPARABLE STORE SALES1 NEW STORE OPENINGS2 E-COMMERCE REVENUE YOY GROWTH 63.8% 100 bps YoY 27.3% 390 bps YoY 36.5% 490 bps YoY GROSS MARGIN3 ADJUSTED SG&A MARGIN4 ADJUSTED EBITDA MARGI
Slide 6: FY-26 Guidance
FY-26 GUIDANCE 12.0 – 14.0% 25.0 – 27.0% COMPARABLE STORE SALES GROWTH TOTAL REVENUE GROWTH REVISED FROM 11 – 14% REVISED FROM 22.0 – 25.0% 24 – 26 39.50 – 40.50% NEW STORE OPENINGS1,2 ADJUSTED EBITDA MARGIN REVISED FROM 38.25% – 39.50% $100 – $110mm CAPITAL EXPENDITURES Note: All figures and inform
Slide 7: Our Shared Values
OUR SHARED VALUES OWNERSHIP BOLDLY DRIVING GREAT WORK AND CELEBRATING DO WHAT YOU SAY. OUR ACHIEVEMENTS. CUSTOMER FOCUS KNOW THE CUSTOMER ANYWHERE AND WOW THEM CUSTOMER COMES FIRST. EVERYWHERE. CURIOSITY CURIOUS MINDS UNLOCK CREATIVITY, DRIVE GROW THROUGH DISCOVERY. ACCELERATION, AND CULTIVATE GROWT
Slide 8: GRGD: Positioned for Long-Term Value Creation
GRGD: POSITIONED FOR LONG-TERM VALUE CREATION RESILIENT MARGIN 1. LEADERSHIP 2. REVENUE 3. SUSTAINABILITY PROFILE • A committed leadership team supported by • Our locations in prime real estate • Agility removes uncertainty, de-risks extensive retail experience and diverse surrounded by luxury allow
Slide 9: GDI's Leadership Team
GDI’S LEADERSHIP TEAM CHAIR OF THE BOARD PRESIDENT & CHIEF CHIEF FINANCIAL & CHIEF EXECUTIVE CHIEF OPERATING TECHNOLOGY OFFICER OFFICER OFFICER OFFICER CHIEF CUSTOMER SVP, SVP, LEGAL AFFAIRS & SVP, OFFICER TALENT & BRAND GARAGE CULTURE CORPORATE SECRETARY A COMMITTED LEADERSHIP TEAM SUPPORTED BY EXT
Slide 10: Our Journey Started More Than 50 Years Ago…
OUR JOURNEY STARTED MORE THAN 50 YEARS AGO… Andrew Lutfy and related entities complete acquisition of all shares of GDI GDI implements Opens in Place Launches in GDI grows transformation plan GDI IPOs at $21 per Targeting a total store Versailles mall in Carrefour Laval mall significantly in Launche
Slide 11: …And Accelerated in 2019 with Key Structural Pivots
…AND ACCELERATED IN 2019 WITH KEY STRUCTURAL PIVOTS COMPARABLE STORE SALES1 Shifted from a family business to a growth-oriented company, establishing a board, up-tiering STRUCTURAL CONTINOUS SUSTAINABLE the leadership team, and forming an employee ownership program¹ to align employees' interests TRA
Slide 12: We Thrive at the Intersection of Art & Science
WE THRIVE AT THE INTERSECTION OF ART & SCIENCE WITH A LUXURY-INSPIRED BUSINESS MODEL OUR LEFT BRAIN We obsess about taking time out of the supply chain, leading to increasing focus on speed, flexibility and data to effectively "de-risk" the business of fashion This rigorous approach is what allows u
Slide 13: Hot Unapologetic – Meet Alex
MEET ALEX THE CONFIDENT GIRL WHOSE NEW SENSE OF INDEPENDENCE HAS HER PUSHING BOUNDARIES ● 24 years old ● Unapologetic with a sexy femininity to her ● UCLA masters degree underway; figuring out her next move ● Her friends are her LIFE and capturing the content is KEY! ● Prioritizes wellness - pilates
Slide 14: Magnetic – Meet Rachel
MEET RACHEL She is 34, effortlessly cool & lives for the energy of the city. She’s the friend who brings everyone together — the one who knows the best spots, the night everyone's still talking about, and makes every room feel more alive. Feminine with a Playful Edge. Romantic, but not soft about it
Slide 15: Clear & Distinct Competitive Advantages…
CLEAR & DISTINCT COMPETITIVE ADVANTAGES… DISTINCT BRAND STRATEGY & UNDERSTANDING OF OUR CONSUMER PREMIER STORE PORTFOLIO STORES COMPLEMENTED BY A PROFITABLE E-COMMERCE BUSINESS WITH ROOM TO GROW DE-RISKED FASHION MODEL WITH INCREASED SPEED-TO-MARKET & FLEXIBILITY MARKET-LEADING INVENTORY MANAGEMENT
Slide 16: …Delivering Differentiated Outcomes
… DELIVERING DIFFERENTIATED OUTCOMES +20% ~12% 63.8% ~60% U.S. REVENUE CAGR AVERAGE UNIT RETAIL CAGR GROSS MARGIN ~40% OF STORE NETWORK (FY21-FY25) (FY19-25)1,2,3 (FY25)1 CONTRIBUTED TO ~60% OF 4-WALL EBITDA (FY25)1,2,4 9.85x ~6% ~50% < 8 weeks INVENTORY TURNOVER MARKDOWN RATE OF PURCHASING DECISION
Slide 17: GRGD: A Luxury-Inspired Business Model
GRGD: A LUXURY-INSPIRED BUSINESS MODEL SPECIALTY LUXURY SPECIALTY LUXURY 39% 39% 38% 37% 38% 19% 18% 16% 16% 16% 15% 13% 13% 12% 11% 10% 10% 9% 8% 7% 7% 8% 8% 7% 7% 6% 5% 4% 2% 3% 1% 1% 0% GRGD ATZ FAST URBN AEO ANF ITX LULU GAP AVG. GRGD RICH PRA HER AVG. GRGD ITX LULU ATZ ANF FAST URBN HM AEO GAP
Slide 18: Two Brands with Distinct Identities
TWO BRANDS WITH DISTINCT IDENTITIES AND A CLEAR UNDERSTANDING OF OUR CONSUMER SUPPORTED BY MULTIDISCIPLINARY TEAMS An Off-Duty brand that pushes the limits Multidisciplinary Teams A social calendar dressing brand. and raises the volume. driving shared insights Defined by refined sensuality. Owned We
Slide 19: Premier Store Portfolio
Canada PREMIER STORE PORTFOLIO STORE LOCATIONS 67 163 Stores 96 U.S. 2 141 Stores 139 U.K. 3 Stores Hawaiian 3 Islands Total 69 We operate a premier, profitable store portfolio across regions, with a growing U.S. footprint 307 spanning 41 states and a recent entry into the U.K. Stores 238 Note: Refl
Slide 20: Stores Complemented by a Profitable E-Commerce Business
STORES COMPLEMENTED BY A PROFITABLE E-COMMERCE BUSINESS WITH ROOM TO GROW DRIVE WEB TRAFFIC MAXIMIZE SALES PER SESSION • Leverage technology to elevate creativity • Expand internationally into the UK and and storytelling on web and mobile apps beyond • Leverage data to optimize creatives • Reach new
Slide 21: De-Risked Fashion Model with Increased Speed-to-Market
DE-RISKED FASHION MODEL WITH INCREASED SPEED-TO- MARKET & FLEXIBILITY KEY STRATEGIES OUTCOMES Long Lead HIGH % OF OPEN-TO-BUY¹ 8% (> 15 weeks) We have grown the open purchasing dollars at the beginning of the season to HIGH % OF 47% make ~50% of our purchasing decisions in-season and respond to tren
Slide 22: Market-Leading Inventory Management System
MARKET-LEADING INVENTORY MANAGEMENT SYSTEM DRIVES LOWER MARKDOWNS & OBSOLESCENCE OVERVIEW OF “THE BRAIN” “THE BRAIN” DECISION MODEL CHART “The Brain” is a proprietary algorithm that determines the optimal shipping location for each order by optimizing for both customer Shipping Handling Location LEV
Slide 23: Disciplined & Data-Driven Approach to Marketing
DISCIPLINED & DATA-DRIVEN APPROACH TO MARKETING DATA-DRIVEN MULTI-CHANNEL COMMUNITY-FOCUSED ALWAYS RELEVANT Disciplined marketing investment Channel mix designed to power Creating a community at the forefront of Always on trend with a pulse and approach through centralized continuous growth and mome
Slide 24: Financial Profile with Compelling Revenue Growth & Enhanced Margins
FINANCIAL PROFILE WITH COMPELLING REVENUE GROWTH & ENHANCED MARGINS REVENUE GROSS PROFIT¹ % % Comparable 4.7% 9.5% 8.2% 12.3% 26.7% 56.4% 60.2% 60.8% 62.8% 63.8% 66.3% Margin1 Store Sales1 CAGR: 21% CAGR: 26% $1,491 $989 $1,310 $837 $959 $602 $801 $487 $628 $697 $420 $354 FY21 FY22 FY23 FY24 FY25 LT
Slide 25: Cash Generative Profile with Strong Returns
CASH GENERATIVE PROFILE WITH STRONG RETURNS • Supported by higher margins and highly efficient capital spend • Investments are aligned with returns thresholds and long-term strategic goals to strengthen our financial position and drive earnings growth CASH GENERATED FROM OPERATING ACTIVITIES RETURN
Slide 26: Capital Allocation Strategy
CAPITAL ALLOCATION STRATEGY AIMED TO GROW AND DELIVER SHAREHOLDER VALUE CAPITAL ALLOCATION PRIORITIES As a business that generates strong free cash flow we believe returning capital to shareholders is consistent with our commitment Invest in growing and optimizing our omnichannel footprint with a to
Slide 27: Levers for Growth
LEVERS FOR GROWTH: TARGETED STRATEGIES TO ACCELERATE COMPARABLE STORE SALES AND EXPAND INTO NEW MARKETS E X PA N D & O P T I M I Z E S TO R E G R O W C O M PA R A B L E S T O R E S A L E S NETWORK IN NORTH AMERICA Increase Average Unit Retail1 Aim to open 24 to 26 additional stores through FY262 • ~
Slide 28: Merci – Thank You
MERCI – THANK YOU Investor Relations Contact: Jean-Philippe D. Lachance, Chief Financial Officer investor s@dynamite.ca 28
Slide 29: Non-IFRS to IFRS Reconciliation: Adj. EBITDA and Margin
NON-IFRS TO IFRS RECONCILIATION: ADJ. EBITDA AND ADJ. EBITDA MARGIN 29 Note: See Disclaimer – Non-IFRS Measures.
Slide 30: Non-IFRS to IFRS Reconciliation: Adj. EBITDA After Rent Equivalent Expense
NON-IFRS TO IFRS RECONCILIATION: ADJ. EBITDA AND ADJ. EBITDA MARGIN (AFTER RENT EQUIVALENT EXPENSE) 30 Note: See Disclaimer – Non-IFRS Measures.
Slide 31: Non-IFRS to IFRS Reconciliation: Free Cash Flow
NON-IFRS TO IFRS RECONCILIATION: FREE CASH FLOW 31 Note: See Disclaimer – Non-IFRS Measures.
Slide 32: Non-IFRS to IFRS Reconciliation: Return on Assets
NON-IFRS TO IFRS RECONCILIATION: RETURN ON ASSETS (In thousands of Canadian dollars) 2021A 2022A 2023A 2024A 2025A LTM Q2-26A Net Earnings $ 109,180 $ 62,846 $ 85,816 $ 135,768 $ 252,173 $ 326,032 (+) Stock-based Compensation Expense $ 8,962 $ 2,819 $ 2,804 $ 5,557 $ 6,341 $ 14,437 (+) Canada Emerge
Slide 33: Balance Sheet
BALANCE SHEET 33 Note: See Disclaimer – Non-IFRS Measures.