Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Q4 2023 Earnings Presentation
11 slides from Empire Co Ltd Class A's earnings presentation, Jun 22, 2023
Slide 1: Q4 F23 Earnings
O4 F23 Earnings June 22, 2023 empire
Slide 2: Highlights: Q4-F23
Highlights: Q4-F23 • EPS and adjusted EPS of $0.72. Includes adjustments for: • The estimated direct impact of the Cybersecurity Event; the adjustment to net earnings was a recovery of $5.0 million. • Costs of the integration of Grocery Gateway, which were approximately $7.0 million, net of tax and
Slide 3: Fourth Quarter Financial Summary
Fourth Quarter Financial Summary Q4 Fiscal Year Actual Last Year(1) Actual Last Year(1) Sales $7,408 $7,841 $30,478 $30,162 Same-store sales, excluding fuel 2.6% (2.5%) 1.5% (2.1%) Gross Profit $1,959 $2,004 $7,793 $7,660 Gross margin % 26.4% 25.6% 25.6% 25.4% Selling and Administrative Costs $1,695
Slide 4: Financial Framework
Financial Framework Over the last six years, we have successfully completed two transformation strategies, Project Sunrise and Project Horizon. We now aim to achieve the following: 1) Growth in total adjusted EPS over the long-term (through net earnings growth and share repurchases) 2) Continued imp
Slide 5: Project Horizon Success
Project Horizon Success We have successfully completed our three-year growth strategy. At the end of fiscal 2023… We realized significant benefits from: (1) The store renovation program; (2) New store expansion; (3) Promotional optimization and data analytics; (4) Expansion of Voilà, our grocery e-c
Slide 6: Store Network Optimization
Store Network Optimization Number of locations Renovated/Converted • The Company invested $243.1 million and $796.7 million in capital expenditures for the quarter and fiscal year ended May 6, 2023 (2022 – $273.4 million and $767.2 million) including renovations and construction of new F21 F21 F22 F
Slide 7: Discount West Expansion
Discount West Expansion Empire expects to convert up to 25% of the 255 Safeway and Sobeys full-service format stores in Western Canada to the FreshCo banner. Through the FreshCo expansion program, the discount business in Western Canada has been on a sharp growth trajectory, driven by store conversi
Slide 8: Voilà Timeline
Voilà Timeline F2019 January 2018 Sobeys signs agreement with Ocado to bring world’s leading online grocery delivery solution to Canada. Central Fulfilment Centre (“CFC”) #1 announced in the GTA. F2020 May 2019 – CFC #2 announced in Montreal. F2021 June 2020 – Voilà by Sobeys launches for GTA cu
Slide 9: Scene+
Scene+ Launched Scene+ in the Quebec banners and Thrifty Foods, marking the final phase of Empire’s national roll-out. • Empire is a co-owner of Scene+ along with Scotiabank and Cineplex. • Scene+ rollout in Empire banners began with stores in Atlantic Canada in August 2022 , then stores in Western
Slide 10: Empire's Executive Committee
Empire’s Executive Committee Michael Medline President & Chief Executive Officer Pierre St-Laurent Vivek Sood Matt Reindel Bruce Burrows Simon Gagné Sandra Sanderson Doug Nathanson Mohit Grover Julie van Wyck Chief Operating Related Businesses Chief Financial Chief Information Chief Human Marketing
Slide 11: Disclaimers
Disclaimers Forward-Looking Information This document contains forward-looking statements which are presented for the purpose of assisting the reader to contextualize the Company’s financial position and understand management’s expectations regarding the Company’s strategic priorities, objectives an