Pet Valu Holdings Ltd. · TSX:PET
Pet Valu — Q2 2025 Earnings Presentation
15 slides from Pet Valu's earnings presentation, Aug 5, 2025
Slide 1: Q2 2025 Financial & Operating Review
Q2 2025 Financial & Operating Review For 13-week period ended Jun. 28, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Information This presentation contains forward-looking information. Forward-looking information is provided as of the date of this presentation and is based on management’s opinions, estimates and assumptions in light of its experience and perception of historical trends,
Slide 3: Today's Presenters
Today’s Richard Maltsbarger Chief Executive Officer Presenters Greg Ramier President & Chief Operating Officer Linda Drysdale Chief Financial Officer This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in pa
Slide 4: Q2 2025 Highlights
+2.6% +6% Q2 2025 Same-Store Sales Growth (Basket1 +1.8%, Traffic1 +0.8%) Revenue Growth (to $281 million) Highlights +4% +6% Adjusted EBITDA Adjusted Net Income Growth per Diluted Share Growth (to $60 million) (Net Income $22 million) 3 9 New Store Renovations, Expansions Openings or Relocations (1
Slide 5: Our Key Focuses
Our Key Focuses Local & Everywhere Best Pet Customer Strong Wholesale & Pet Specialty Retailer Experience in Canada Retail Fundamentals • Opening new stores across Canada • Offering compassionate, expert • Transforming our supply chain in-store customer service • Continual renovations, expansions •
Slide 6: Our Enhanced Culinary Experience, Built to Deliver…
Our Enhanced Culinary Experience, Built to Deliver… …incremental Capacity… & …strengthened Capabilities… This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet
Slide 7: Q2 2025 Key Financial Metrics
Q2 2025 Key Financial Metrics Q2 2025 vs. PY2 Drivers • 35 new stores in last 12 months (“LTM”) and positive same- System-wide sales $369.9 +4.6% store sales growth Same-store sales growth +2.6% --- • Basket1 +1.8% and Traffic1 +0.8% Revenue $280.6 +5.8% • Higher system-wide sales and increased whol
Slide 8: Q2 2025 Key Financial Metrics
Liquidity Net Leverage Ratio1 Q2 2025 $149M 2.4x Key Financial cash + revolver capacity vs. 2.1x in Q1 2025 Metrics Inventory Net Capital Expenditures $140.6M $11.9M +5% vs. Q2 2024 $22.1M year-to-date Free Cash Flow (“FCF”) Shareholder Returns $27.1M $82.1M 45% FCF Conversion2 dividends + share buy
Slide 9: Outlook
2025 Updated Prior Outlook Revenue …supported by… $1.18-1.21B $1.17-1.20B Same-Store Sales Growth +1 to +4% +1 to +4% New Store Openings ~40 ~40 Adjusted EBITDA $257-262M $254-260M Adjusted Net Income $1.63-1.68 $1.60-1.66 per Diluted Share Net Capital Expenditures ~$45M ~$35M This presentation and
Slide 10: Our Mission
Our Mission To be Canada’s preferred pet retailer delivering the products, care, expertise, and memorable moments that devoted pet lovers want…locally in stores and everywhere online. This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted o
Slide 11: Appendix
Appendix This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2025 Pet Valu Canada Inc. 11
Slide 12: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Quarters Ended Jun. 28, 2025 Jun. 29, 2024 (13 weeks) (13 weeks) Net income $21,810 $17,839 (1) Represents discrete, project-based implementation costs associated with new information technology systems and discrete Software-as-a-Service ("SaaS") arrangements for tr
Slide 13: Reconciliation of Adjusted Net Income
Reconciliation of Adjusted Net Income Quarters Ended Jun. 28, 2025 Jun. 29, 2024 (13 weeks) (13 weeks) Net income $21,810 $17,839 (1) Represents discrete, project-based implementation costs associated with new information technology systems and discrete SaaS arrangements for transformational initiat
Slide 14: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow Quarters Ended Jun. 28, 2025 Jun. 29, 2024 (13 weeks) (13 weeks) Cash provided by operating activities $52,525 $31,756 Cash (used in) provided by investing activities (1,554) (2,055) Repayment of principal on lease liabilities (17,714) (15,944) Interest paid on lease
Slide 15: Thank You
Thank You Contact Us: investors@petvalu.com (289) 806-4559 This presentation and any information contained herein may not be used, copied, reproduced, published, transmitted or redistributed, in whole or in part, without the prior written consent of Pet Valu Canada Inc. © 2025 Pet Valu Canada Inc. 1