Loblaw Companies Limited · TSX:L
Loblaw Companies — Q2 2014 Earnings Presentation
8 slides from Loblaw Companies's earnings presentation, Jul 24, 2014
Slide 1: Q2 2014 Supplementary Slides
Q2 2014 Supplementary Slides July 24, 2014 1
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation for Loblaw Companies Limited (“Loblaw”) may contain forward-looking statements about Loblaw’s objectives, plans, goals, aspirations, strategies, prospects and opportunities. It may also contain statements about the acquisition by Loblaw of Shoppers Drug M
Slide 3: Key Financial Metrics – Loblaw – Q2 2014
Key Financial Metrics – Loblaw – Q2 2014 Consolidated Revenue +37.1% (+2.4% ex. Shoppers Drug Mart) Adjusted Operating Income +65.1% (-1.8% ex. Shoppers Drug Mart) Adjusted EBITDA +54.2% (flat ex. Shoppers Drug Mart) Adjusted EPS +17.2% Retail Revenue (ex SDM) +1.6% Retail Adjusted Gross Margin (ex
Slide 4: Key Operational Metrics – Q2 2014 – Loblaw
Key Operational Metrics–Q2 2014—Loblaw Loblaw Square Footage Growth 0.8% – vs Q2/13 Industry STM* Square Footage Growth 3.1% – vs Q2/13 Basket Size Increase in fresh penetration drove higher baskets Traffic Slight decline driven by competitive square footage growth Tonnage In line with the overall m
Slide 5: Key Financial Metrics – Q2 2014 – Shoppers Drug Mart
Key Financial Metrics – Q2 2014 - Shoppers Drug Mart Revenue +2.8% Adjusted Operating Income +1.9% (-2.8% excluding synergies) Adjusted Operating Margin 8.4% (-10bps) Adjusted EBITDA +1.1% Adjusted EBITDA Margin 10.8% (-20bps) Adjusted Gross Profit -30bps Adjusted SG&A -20bps 5
Slide 6: Key Operational Metrics – Q2 2014
Key Operational Metrics – Q2 2014 Shoppers Drug Mart Retail Square Footage Growth +1.8% Pharmacy Sales +2.5% Pharmacy SSS +2.5% # Rx Dispensed (Rx Count) +4.1% (+3.8% on same store sales basis) Average Rx Value -1.7% Generic Penetration 62.8% (vs 61.3% Q2 2013) Front of Store Sales +3.0% Front of St
Slide 7: Adjusted Debt by Segment
Adjusted Debt by Segment Q2 2014 Retail PCF REIT Con. & Elim. Bank Indebtedness $ 335 $ 335 $ - $ - $ - Short term debt 605 - 605 - - Long term debt due within one year 74 41 33 - - Long term debt 11,797 7,961 1,245 6,670 (4,079)(a) Trust Unit Liability 715 - - - 715 Capital securities 224 224 - - -
Slide 8: Adjusted Debt
Adjusted Debt Q1 2014 Reported Adjusted Debt $6,434 Capital Securities -added to the definition of Adjusted Debt 224 $6,658 $3.5B term loan to partially fund the cash portion of the purchase price for Shoppers Drug Mart 3,500 Shoppers Drug Mart MTN's assumed on acquisition 500 Bank Indebtedn