Slide 1: 2nd Quarter Earnings Release, FY2023
2nd 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: Second Quarter Fiscal 2023 Conference Call
Second Quarter Fiscal 2023 Conference Call February 28, 2023 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: QTD Second Quarter FY 2023 Financial Highlights
QTD Second Quarter FY 2023 Financial Highlights Net Sales +9.5% Domestic SSS +5.3% Diluted weighted shares outstanding decreased 8.6% vs Q2 FY22 During Q2 FY23, we repurchased $906MM in AutoZone stock 12 Weeks Ended 12 Weeks Ended in millions (excluding EPS and percentages) February 11, 2023
Slide 6: YTD Second Quarter FY 2023 Financial Highlights
YTD Second Quarter FY 2023 Financial Highlights Net Sales +9.1% Domestic SSS +5.5% Diluted weighted shares outstanding decreased 8.8% vs Q2 FY22 FY23 YTD, we repurchased $1.8 billion in AutoZone stock 24 Weeks Ended 24 Weeks Ended in millions (excluding EPS and percentages) February 11, 2023
Slide 7: Growth Priorities
Growth Priorities • U.S. Retail (DIY) • Commercial (DIFM) • International AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 7
Slide 8: New Store Highlights
New Store Highlights 12 Weeks Ended 12 Weeks Ended 24 Weeks Ended 24 Weeks Ended February 11, 2023 February 12, 2022 February 11, 2023 February 12, 2022 Domestic: Beginning stores 6,196 6,066 6,168 6,051 Stores opened 30 26 58 41 Stores closed - (1) - (1) Ending domestic stores 6,226 6,091 6,226 6,0
Slide 9: Commercial Highlights
Commercial Highlights Financial Highlights # of Commercial Programs Total Domestic Commercial Programs 5,500 % increase in programs vs. LY 5.1% 12 Weeks Ended February 11, 2023 Trailing 4 Qtrs Domestic Commercial Sales $954.6 $4,475.5 ($ millions) % increase in sales 13.1% 19.2% 12 Weeks Ended Febru
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights As of As of ($ in millions, except per store amounts are in thousands) February 11, 2023 February 12, 2022 H/(L) Inventory $ 5,731 $ 5,031 13.9% Inventory/store $ 817 $ 738 10.7% Inventory, net of payables $ (1,590) $ (1,347) 18.0% Inventory, net of payables/store $ (227) $
Slide 11: 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 12: AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED.
AUTOZONE, INC., © 2022 ALL RIGHTS RESERVED. 12