Slide 1: First Quarter July 31, 2015
FIRST QUARTER JULY 31, 2015
Slide 2: Safe Harbor Statements
Safe Harbor Statements Forward Looking Statements This presentation contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other fact
Slide 3: Stock Information
Stock Information NASDAQ: CASY Common Shares: 39 million Market Cap: $4.3 billion Avg Daily Volume: 418,000 shares Investor Relations Contact: Bill Walljasper, CFO (515) 965-6505 bwalljasper@caseys.com
Slide 4: Casey's Territory
Casey’s Territory Focus on the small-town customer 42 21 135 13 425 84 507 128 149 9 30 327 9 8
Slide 5: Stores by Population
Stores by Population 57% 14% 11% 18% < 5,000 5,000 - 10,000 10,000 - 20,000 > 20,000
Slide 6: Unique Distribution Infrastructure
Unique Distribution Infrastructure Terre Haute, IN (To open February, 2016) Ankeny, IA
Slide 7: Retail Sales Fiscal 2015
Retail Sales Fiscal 2015 Fuel, 66% Grocery & Other Merchandise, 23% Prepared Food & Fountain, 10% Other, 1% $7.77 billion Fuel, 24% Grocery & Other Merchandise, 41% Prepared Food & Fountain, 32% Other, 3% $1.44 billion Revenue Gross Profit
Slide 8: Unit Growth
Unit Growth 1,531 1,637 1,699 1,749 1,808 1,878 1,887 2010 2011 2012 2013 2014 2015 YTD 2016 Total Stores Fiscal Year New Builds Acquired Stores 2010 18 37 2011 20 89 2012 30 35 2013 31 26 2014 44 28 2015 45 36 YTD 2016 8 1
Slide 9: 24-Hour Operation
24-Hour Operation 906 Stores Operate 24-Hours The first 12 full calendar months following the conversion to 24-hour operations, stores on average have experienced the following increases: • 20% to 30% in Prepared Food & Fountain sales • 10% to 20% in Grocery & Other Merchandise sales • 5% to 15% in
Slide 10: Major Remodels
Major Remodels 258 Major Remodels Completed The first 12 full calendar months following a major remodel, stores on average have experienced the following increases: • 25% to 35% in Prepared Food & Fountain sales • 5% to 15% in Grocery & Other Merchandise sales • 5% to 15% in Customer Count
Slide 11: Pizza Delivery
Pizza Delivery 337 Stores Deliver Pizza The first 12 full calendar months following the addition of pizza delivery services, stores on average have experienced the following increases: • 30% to 40% in Pizza sales • 20% to 30% in Prepared Food & Fountain sales
Slide 12: Online Ordering
Online Ordering All Stores by End of Calendar Year • Comprehensive advertising campaign planned for calendar year 2016 • Includes a mobile App • Another avenue to reach a new customer • Opportunities for add-on sales, including breadsticks, buffalo wings, additional pizza toppings, 2-liter pop
Slide 13: New Store Interior
New Store Interior
Slide 14: Expanded Coffee & Fountain Bar
Expanded Coffee & Fountain Bar
Slide 15: Made-to-Order Sub Sandwiches
Made-to-Order Sub Sandwiches
Slide 16: Made-From-Scratch Pizza
Made-From-Scratch Pizza
Slide 17: Prepared Food & Fountain
Prepared Food & Fountain $366 $415 $500 $565 $659 $781 $195 $223 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 Revenue (in Millions) Gross Profit Margin 63.8% 62.2% 60.7% 61.8% 61.1% 59.7% 59.9% 62.5% 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 FY 2016 Goal: 60.8% +15%
Slide 18: Prepared Food & Fountain Gross Profit Dollars
Prepared Food & Fountain $234 $258 $303 $349 $403 $466 $117 $140 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 +20% Gross Profit Dollars (in Millions)
Slide 19: Grocery & Other Merchandise
Grocery & Other Merchandise $1,074 $1,196 $1,365 $1,419 $1,583 $1,795 $479 $527 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 +10% Revenue (in Millions) Gross Profit Margin 33.6% 32.2% 32.5% 32.6% 32.1% 32.1% 32.5% 32.6% 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 FY 2016 Goal: 32.1%
Slide 20: Grocery & Other Merchandise Gross Profit Dollars
Grocery & Other Merchandise Gross Profit Dollars (in Millions) $360 $385 $443 $463 $508 $576 $156 $172 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 +10%
Slide 21: Fuel
Fuel 1,283 1,394 1,476 1,535 1,666 1,817 464 501 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 + 8% Fuel Gallons Sold (in Millions) Gross Profit Margin (Cents Per Gallons) $0.139 $0.152 $0.151 $0.144 $0.161 $0.193 $0.189 $0.175 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 FY 2016 Goal: $0.167
Slide 22: Fuel Gross Profit Dollars
Fuel Gross Profit Dollars (in Millions) $178 $212 $223 $221 $268 $351 $88 $88 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 UNCH
Slide 23: Renewable Fuel Credits
Renewable Fuel Credits Fiscal Year Quantity of RINs Sold (in thousands) Avg $ per RIN Sold $ of RINs Sold (in thousands) Fuel Margin Impact (cents per gallon) 2010 29,963 $0.07 $2,053 $0.002 2011 42,049 $0.03 $1,193 $0.001 2012 42,960 $0.03 $1,106 $0.001 2013 44,919 $0.14 $6,110 $0.004 2014 48,669 $
Slide 24: Same Store Sales
Same Store Sales Fiscal Year Fuel Gallons Grocery & Other Merchandise Prepared Food & Fountain 2010 -0.1% 3.3% 4.2% 2011 1.6% 4.6% 7.7% 2012 -1.5% 6.7% 14.3% 2013 0.1% 0.8% 8.6% 2014 3.1% 7.4% 11.8% 2015 2.6% 7.8% 12.4% YTD 2016 3.4% 7.0% 10.3% 2016 Goal 2.0% 6.2% 10.4%
Slide 25: Financial Performance: Revenue and EBITDA
Financial Performance $4,637 $5,635 $6,988 $7,251 $7,840 $7,767 $2,291 $2,049 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 -11% Total Revenue (in Millions) EBITDA (in Millions) $266 $262 $312 $311 $365 $479 $127 $148 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 +17%
Slide 26: Financial Performance: Net Income and EPS
Financial Performance $117 $95 $115 $104 $127 $181 $50 $62 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 +23% Net Income (in Millions) Diluted Earnings Per Share $2.29 $2.22 $2.99 $2.69 $3.26 $4.62 $1.28 $1.57 2010 2011 2012 2013 2014 2015 YTD 2015 YTD 2016 +23%
Slide 27: Dividends per Share
Dividends per Share $0.34 $0.505 $0.60 $0.66 $0.72 $0.80 2010 2011 2012 2013 2014 2015 10 Consecutive Annual Dividend Increases
Slide 28: Cash Flow
Cash Flow (in Thousands) Fiscal Year Operating Cash Flow Capital Expenditures Long-Term Debt Payments Dividend Payments 2010 $214,068 $174,921 $19,231 $17,308 2011 $261,443 $328,140 $69,172 $20,467 2012 $294,879 $280,318 $1,372 $22,849 2013 $286,328 $334,828 $10,757 $24,685 2014 $314,160 $340,217 $1