Caseys General Stores, Inc. · NASDAQ:CASY
Caseys General Stores — Shareholder Meeting (September 2010)
28 slides from Caseys General Stores's shareholder meeting presentation, Sep 23, 2010
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting Casey’s General Stores, Inc. Fiscal Year Ended April 30, 2010
Slide 2: I Patti
I Patti GENERAL STORE
Slide 3: Slide 3
Slide 4: I Patti
I Patti GENERAL STORE
Slide 5: Fiscal 2010 Goals
Fiscal 2010 Goals ¨ Increase same-store gas gallons 2% with a margin of 11¢ ¨ Increase same-store grocery & other merchandise sales 8.9% with a margin of 33.9% ¨ Increase same-store prepared food & fountain sales 7.5% with a margin of 62% ¨ Increase total number of stores 4%
Slide 6: Fiscal 2011 Goals
Fiscal 2011Goals ¨ Increase same-store gallons 1% with an average margin of 13.5¢ ¨ Increase same-store grocery & other merchandise sales 6% with an average margin of 33.9% ¨ Increase same-store prepared food & fountain sales 8% with an average margin of 63.1% ¨ Increase total number of stores 4 to
Slide 7: Total Number of Stores
FY2008 FY2009 FY2010 Corporate 1,454 1,478 1,531 Total Number of Stores
Slide 8: Store Growth
FY2008 FY2009 FY2010 Acquisitions 12 16 37 New store construction 0 16 18 Store Growth 2011 goal is 4 - 6% unit growth.
Slide 9: Slide 9
Slide 10: Slide 10
Slide 11: | atin
| atin GENERAL STORE
Slide 12: Gasoline
FY2009 FY2010 Gallons sold 1.24 b 1.28 b Margin 12.9¢ 13.9¢ Gross profit $160 mm $178 mm Gasoline
Slide 13: Q1 F2011 Gasoline
Same Store Gallons Gallons Sold Margin Gross Profit 1.5% 359 mm 16.4¢ $59 mm Q1 F2011 Gasoline
Slide 14: Inside Sales & Gross Profit
FY10 Sales FY10 Gross Profit G & O M $1,074 mm $360 mm P F & F $366 mm $234 mm Total $1,440 mm $594 mm Annual % gain 6.9% 8.8% Inside Sales & Gross Profit
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Slide 16: Grocery & Other Merchandise
FY2009 FY2010 Sales $1,010 mm $1,074 mm Margin 33.7% 33.6% Gross profit $340 mm $360 mm Grocery & Other Merchandise
Slide 17: Q1 F2011 Grocery & Other Merchandise
Same Store Sales Sales Margin Gross Profit 2.0% $317 mm 32.8% $104 mm Q1 F2011 Grocery & Other Merchandise
Slide 18: aati
aati GENERAL STORE
Slide 19: Prepared Food & Fountain
FY2009 FY2010 Sales $336 mm $366 mm Margin 61.4% 63.8% Gross profit $206 mm $234 mm Prepared Food & Fountain
Slide 20: Slide 20
Slide 21: Q1 F2011 Prepared Food & Fountain
Same Store Sales Sales Margin Gross Profit 2.4% $102 mm 63.8% $65 mm Q1 F2011 Prepared Food & Fountain
Slide 22: | atin
| atin GENERAL STORE
Slide 23: Fiscal 2010 Balance Sheet
Cash & cash equivalents $152 mm Long-term debt $155 mm Shareholders’ equity $824 mm Fiscal 2010 Balance Sheet
Slide 24: aati
aati GENERAL STORE
Slide 25: Fiscal 2011 Capital Expenditure Budget
New Stores & Acquisitions $ 108 mm Replacements $ 37 mm Maintenance & Remodels $ 26 mm Transportation & Information Systems $ 18 mm Total $ 189 mm Fiscal 2011 Capital Expenditure Budget
Slide 26: | atin
| atin GENERAL STORE
Slide 27: ‘Apr-2007 ‘Apr-2008 Oct-2008 ‘Apr-2009 Apr-2010
(17.9)% a 3 : : 20% ‘Apr-2007 ‘Apr-2008 Oct-2008 ‘Apr-2009 Apr-2010 Daily from 09-Apr-2007 to 08-Apr-2010 Casey's —— C-Store Peers ——-S&P500 Index
Slide 28: Important Information
Important Information In response to the tender offer commenced by Alimentation Couche-Tard Inc. (“Couche-Tard”), Casey’s General Stores, Inc. (“Casey’s”) has filed a solicitation/recommendation statement with the Securities and Exchange Commission (the “SEC”). Investors and security holders are urg
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