Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Investor Presentation (March 2026)
21 slides from Empire Co Ltd Class A's investor presentation, March 2026
Slide 1: Investor Presentation
Investor Presentation March 2026 Katie Brine – Vice President, Investor Relations, Treasury & Pensions Email: investor.relations@empireco.ca
Slide 2: Disclaimers
Disclaimers Forward-Looking Information This presentation 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
Slide 3: Empire Company is uniquely positioned to capture the Omni-Channel future of grocery
Empire Company is uniquely positioned to capture the Omni-Channel future of grocery Retail Network Assets Supported by Real Estate Assets: Connected by the Scene+ Loyalty Program Full Service(1) Discount E-Commerce Pharmacy(2) Equity ownership in Crombie REIT (CRR-UN) at 41.5% Partnerships Related B
Slide 4: Empire Company: Serving Canadians through its Food Retailing and Real Estate Businesses
Empire Company: Ser ving Canadians for over 115 years through its Food Retailing and Real Estate Businesses 1,600+ $30B+ 2 29 51% 41.5% Stores Annual Sales Active CFCs to Distribution Interest in Interest in support Voilà(1) Centres Longo’s Crombie REIT Operating in all 10 Active Customer Full Strat
Slide 5: One of Two Players with National Scale in Grocery
One of Two Players with National Scale in Grocery National scale and presence, operating over 2,300 stores (including more than 350 retail fuel locations) in Canadian Population all 10 provinces, with 87 stores currently offering Voilà Curbside Pickup. by Province (Growth (1) 2018–2024): • British C
Slide 6: Strong Financial Performance
Strong Financial Performance Sales CAGR(1) Adjusted EBITDA CAGR(1)(2)(4) Adjusted EPS CAGR(1)(2)(4) 3.7% ($ in billions) 13.2% ($ in billions) 13.0% ($ per share) $32.0 $31.3 $2.5 $2.4 $2.98 $3.00 $30.0 $2.50 $2.0 $28.0 $2.00 $1.5 $26.0 $1.50 $1.0 $24.0 $1.00 $0.5 $22.0 $0.50 $20.0 $0.0 $0.00 (3) 20
Slide 7: Empire Company — A Compelling Investment Opportunity
Empire Company — A Compelling Investment Opportunity #2 in Grocery Market Share Leveraging national retail network to deliver outsized growth and attractive financial performance amid solid population growth trends. Long-Term Financial Long-term financial framework to achieve 8%-11% EPS Framework grow
Slide 8: Long-Term Financial Framework
Long-Term Financial Framework 8% to 11% Long Term Average Adjusted EPS Growth Driven by our intention to improve Sales, Gross Margin (excluding fuel), and adjusted EBITDA margin Continued Focus on Stores Enhanced Focus on Digital and Data Efficiency and Cost Optimization We will continue to focus on
Slide 9: Continued Focus on Stores
Continued Focus on Stores Discount Expansion Space Productivity Continue to pursue expansion by market Improve store layouts, optimize West: category/product adjacencies, tailoring • 51 FreshCo stores operating in Western Canada assortment BETTER DATA • Expects to have opened 65 FreshCo stores in We
Slide 10: Enhanced Focus on Digital and Data
Enhanced Focus on Digital and Data A differentiated national loyalty platform - driving incremental sales and earnings Co-owner Personalization Drive Data Ownership to at Scale Incrementality Drive Insights Differentiated Connected Banners to Drive New Customer Enhanced Customer Experience Omni-Chan
Slide 11: Enhanced Focus on Digital and Data
Enhanced Focus on Digital and Data E-Commerce January 28, 2026: Key Areas of Focus • Announced third-party delivery partnership with DoorDash • Roll out expected to be completed before the end of F2026 Superior In-Stock Position Best-in-Class Delivery Substantial Assortment Extremely low substitutio
Slide 12: Efficiency and Cost Optimization
Efficiency and Cost Optimization Strategic Supply Chain Organization / Other Sourcing Drive efficiency and cost • Drive supply chain productivity and • F24: Implemented strategies to optimize effectiveness through various initiatives cost effectiveness our organization, improve efficiencies within g
Slide 13: Disciplined and Balanced Capital Allocation
Disciplined and Balanced Capital Allocation Significant Shareholder Return and Growing Dividends ($M) Dividends (% of Mkt Cap) Share Repurchases ($M) Repurchases (% of Mkt Cap) 6.9% Return of Capital 590 603 6.0% 581 5.2% 5.2% (Dividends + NCIB) 520 3.8% As a percentage of 406 3.2% 4.8% Market Capita
Slide 14: ESG Goals: Steady and tangible progress
ESG1 Goals: Steady and tangible progress Planet FOOD WASTE CLIMATE ACTION CLIMATE ACTION PLASTICS & PACKAGING 30.1% Our goal is that 64% 13% We’re reducing our impacts ~30M lbs of surplus food donated, of suppliers (by spend) set and taking action on gaining recognition from Second science-based tar
Slide 15: Summary of Financial Results
Summary of Financial Results Fiscal Year 2019 2020 2021 2022 2023 2024 2025 TTM 52 weeks 52 weeks 52 weeks 53 weeks 52 weeks 52 weeks 52 weeks 52 weeks (1) (2) 4-May-19 2-May-20 1-May-21 7-May-22 6-May-23 4-May-24 3-May-25 31-Jan-26 Sales $25,142 $26,588 $28,268 $30,162 $30,478 $30,733 $31,277 $31,7
Slide 16: Appendices
Appendices empire
Slide 17: Appendix A: A Review of Turnaround Initiatives
Appendix A: A Review of Turnaround Initiatives Project Sunrise Project Horizon Financial Targets Financial Targets >$550M $500M 50 bps ~13% (1) (1) Cost Savings Incremental Of EBITDA margin EPS CAGR annualized EBITDA improvement ACHIEVED ACHIEVED ACHIEVED ACHIEVED Initiatives Initiatives • Organizat
Slide 18: Appendix B: Scene+ Reward Categories
Appendix B: Scene+ Reward Categories Grocery, Liquor, Home Pharmacy Banking Entertainment Fuel Travel Shopping Dining Improvement Gift cards (redeem only) Shop Online (Earn only) PLUS many more…
Slide 19: Appendix C: E-Commerce Timeline
Appendix C: E-Commerce Timeline F2019 F2022 F2026 January 2018 November 2021 March 2022 January 2026 Sobeys signs agreement E-commerce option Voilà par IGA Closure of the Alberta e-commerce with Ocado to bring available for launches for Quebec facilities, comprising of a CFC in world’s leading onlin
Slide 20: Appendix D: Financial Results – 12 Quarter Review
Appendix D: Financial Results – 12 Quarter Review Fiscal 2023 Fiscal 2024 Fiscal 2025 Fiscal 2026 Q4 F23 Q1 F24 Q2 F24 Q3 F24 Q4 F24 Q1 F25 Q2 F25 Q3 F25 Q4 F25 Q1 F26 Q2 F26 Q3 F26 May 6 Aug 5 Nov 4 Feb 3 May 4 Aug 3 Nov 2 Feb 1 May 3 Aug 2 Nov 1 Jan 31 2023 2023 2023 2024 2024 2024 2024 2025 2025
Slide 21: Executive Leadership Team
Executive Leadership Team Pierre St-Laurent President & Chief Executive Officer Luc L’Archevêque Julia Knox Jean-Louis Bellemare(1) Doug Nathanson Costa Pefanis Sandra Pasquini Chief Customer Officer Chief Retail Officer and Interim Executive Advisor General Counsel and Chief Financial Officer Chief