Slide 1: Q2 2027 Earnings Call
Q2 2027 Earnings Call RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 2: 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 3: Q2 2027 General Overview
Q2 2027 General Overview Andrea Limbardi President and Chief Executive Officer RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 4: Our Brands
Our Brands Reitmans’ everyday, on-trend RW&CO’s luxury-inspired collections Penn’s authority in plus-size collections help women look and enable men & women to be fashion empowers women feel their best with great trendsetters, offering fashion-driven to feel confident from head- affordability. style
Slide 5: Q2 2027 Financial Highlights
Q2 2027 Financial Highlights $211.8M • Comparable retail store sales edged up + continued momentum in new flagship locations Net Revenues • Meaningful improvement in gross margin $18.8M • • Stronger regular-price selling More disciplined promotional strategy Adjusted EBITDA(1) • Tighter inventory ma
Slide 6: Reitmans
Reitmans • Reitmans 100th anniversary • ‘We’ve Evolved’ ad campaign drove perception of a modernized brand that feels younger • Partnerships with Coco Rocha, Catherine St- Laurent, the Toronto Tempo, and the McCord Stewart Museum reinforced fashion credibility and cultural relevance • Significant PR
Slide 7: Newly renovated flagship store at Carrefour Laval
Newly renovated flagship store at Carrefour Laval • Double-digit sales lift YoY RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 8: RW&CO.
RW&CO • More disciplined approach to pricing, assortment, and product strategy • Improved pricing integrity and lower markdown penetration drove stronger margins • Brand and product strategies are resonating RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 9: Newly renovated flagship store at Toronto Eaton Centre
Newly renovated flagship store at Toronto Eaton Centre • Double-digit sales lift YoY RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 10: PENN
PENN • Efforts to modernize the brand continued to build momentum • Stronger performance as the quarter progressed • Improved customer responses to key product and experience initiatives particularly Atelier by Addition-Elle RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 11: External Environment
External Environment • Complex economic environment • Higher oil prices and geopolitical events driving higher freight costs • Laser-focused on being the destination for the best quality fashion at the best value in Canada RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 12: Q2 2027 Financial Results
Q2 2027 Financial Results Caroline Goulian, CPA Chief Financial Officer RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 13: Net Revenues and Gross Profit
Net Revenues Gross Profit (in millions of CAD$) (in millions of CAD$) 220 215.9 211.8 150 122.8 123.9 125 165 100 110 75 50 55 25 0 0 Q2 2026 Q2 2027 Q2 2026 Q2 2027 1.9% decrease due to lower transaction volume Gross margin improved 160 bps to 58.5%. and reduced clearance activity; comparable sales
Slide 14: Net Earnings and Adjusted EBITDA
Adjusted EBITDA1 Net Earnings (in millions of CAD$) (in millions of CAD$) 25 25 21.4 20 18.8 20 15 15 13.1 10.1 10 10 5 5 0 0 Q2 2026 Q2 2027 Q2 2026 Q2 2027 12.1% decrease due to SG&A expense increases in Earnings per share (basic & diluted) at $0.20 freight, rent, and advertising. compared to $0.2
Slide 15: Solid Financial Position
Solid Financial Position Working Capital 1 (in millions of CAD$) $152.7M Strong cash position to invest in operations 180 $119.7M 149.2 150 137.2 120 Inventory was 5.2% lower YoY, reflecting 90 disciplined inventory management 60 30 0 $0 FY 2026 Q2 2027 Bank debt 1 This is a Non-GAAP Financial Measu
Slide 16: Normal Course Issuer Bid
Normal Course Issuer Bid • Renewed NCIB effective August 5, FY 2027 YTD we repurchased: 2026, to August 4, 2027 295,300 • Company may acquire up to 3,000,000 Class A (non-voting) Class A shares for aggregate Shares, representing less than 10% consideration of of the public float of Class A shares ~$
Slide 17: Q&A
New image needed Q&A For more information Email: investors@reitmans.com Website: reitmanscanadalimited.com RCL – Reitmans Canada Ltd. – September 18, 2026
Slide 18: RCL – Reitmans Canada Ltd. – September 18, 2026 RCL – Reitmans Canada Ltd.
RCL – Reitmans Canada Ltd. – September 18, 2026 RCL – Reitmans Canada Ltd. – September 18, 2026