Empire Co Ltd Class A · TSX:EMP.A
Empire Co Ltd Class A — Investor Presentation (September 2026)
22 slides from Empire Co Ltd Class A's investor presentation, September 2026
Slide 1: Investor Presentation
Investor Presentation September 2026 Katie Brine – Vice President, Investor Relations, Treasury & Pensions Email: investor.relations@empireco.ca
Slide 2: Disclaimers
Disclaimers Forward - Looking Information This document contains forward -looking information about the Company’s objectives, plans, strategies, financial condition, resul ts of operations, performance, prospects and opportunities to contextualize the Company's financial position and understand mana
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 (1) Discount/ (2) Full Service E - Commerce Pharmacy Multi - Cultural Equity ownership in Crombie REIT (CRR - UN) at 41
Slide 4: Empire Company: Serving Canadians for 119 years through its Food Retailing and Real Estate
Empire Company: Serving Canadians for 119 years through its Food Retailing and Real Estate Businesses 2,300 (1) $32B 2 28 51% 41.5% Stores Annual Sales Active CFCs to Distribution Interest in Interest in support Voilà (2) Centres Longo’s Crombie REIT Located in all 10 Active Customer Full Strategica
Slide 5: One of Two Players with National Scale in Grocery
One of Two Players with National Scale in Grocery National scale and presence, with 2,300 stores (including more than 350 retail fuel locations) in all 10 Canadian Population provinces. In addition, 87 stores currently offering Voilà Curbside Pickup. by Province (Growth (1) 2018 –2025): • British Co
Slide 6: Strong Financial Performance
Strong Financial Performance Sales CAGR (1) Adjusted EBITDA CAGR (1)(2)(4) Adjusted EPS CAGR (1)(2)(4) 3.5% ($ in billions) 11.9% ($ in millions) 12.4 % ($ per share) $32.0 $4.00 $32.0 $3,000 $2,500 $3.50 $3.24 $30.0 $2,500 $3.00 $28.0 $2,000 $2.50 $26.0 $1,500 $2.00 $1.50 $24.0 $1,000 $1.00 $22.0 $
Slide 7: Empire Company — A Compelling Investment Opportunity
Empire Company — A Compelling Investment Opportunity Positioned to Grow Many paths to drive growth, including ample runway in Discount, increasing focus on Pharmacy, emerging opportunities within Retail Media, and a renewed approach to E - Commerce (including Voilà), complimented by strategic acquis
Slide 8: Long-Term Financial Framework
Long - Term Financial Framework 8% to 8% to 11% 11% Long Term Average Adjusted EPS Growth Long Term Average Adjusted EPS Growth Intention to continue growing sales, expanding gross margin (excl. fuel), and generating operating leverage Customers Stores Growth Cost Efficiency Empire's primary focus i
Slide 9: A Focus on Customers
A Focus on Customers Customer Value Equation To Be Delivered Through Assortment & Offering Fresh & Convenience Value is defined by more than just price • Enhance and improve • Leverage Farm Boy in -store assortment expertise with fresh Perceived Benefits • Continue to grow “Our • Focus on HMR and Br
Slide 10: A Focus on Stores
A Focus on Stores Four - Wall Operating Performance Efficiencies • Elevate store • Reduce shrink experience • Enhance customer • Drive higher store service productivity and • Drive teammate profitability engagement • Execute against retail • Improve operational standards efficiency and workforce pro
Slide 11: Accelerate Growth Engines
Accelerate Growth Engines Discount Pharmacy Retail Media E - Commerce • Expect to reach target of 65 • 340+ in -store pharmacies and • Accelerate retail media • Deliver ~$95M in EBIT FreshCo stores in Western 70+ Lawtons locations growth improvement (before Canada by F28 • Central fill optimization
Slide 12: Cost Efficiency
Cost Efficiency Strategic Sourcing Spending Efficiency Organization and Enabled By: • Continue to deliver cost savings • Complete ERP rollout Operating Model through Goods Not for Resale • Optimize marketing and • Workforce of the future – People • Drive digital transformation technology spend Lever
Slide 13: Disciplined and Balanced Capital Allocation
Disciplined and Balanced Capital Allocation Capital Intensity M&A Execution* CapEx (% of Sales) F2019 F2019 F2021 F2027 (26 stores acquired) (3 stores acquired) (36 stores acquired) (4 stores acquired) One of the fastest An Asian food A family -run Long -established growing and retailer with a stron
Slide 14: ESG Goals: Steady and tangible progress
ESG 1 Goals: Steady and tangible progress Planet FOOD WASTE CLIMATE ACTION PLASTICS & PACKAGING 50% 35% 100% We’re reducing our impacts and taking action on climate change to do OurPart to protect our planet for future generations. reduction in food waste (relative to 2016), reduction in Scope 1 and
Slide 15: Summary of Financial Results
Summary of Financial Results Fiscal Year 2020 2021 2022 2023 2024 2025 2026 52 weeks 52 weeks 53 weeks 52 weeks 52 weeks 52 weeks 52 weeks (1) 2- May - 20 1- May - 21 7- May - 22 6- May - 23 4 - May - 24 3- May - 25 2- May - 26 Sales $26,588 $ 28,268 $ 30,162 $30,478 $30,733 $31,277 $31,950 (2) Same
Slide 16: Appendices
Appendices empire
Slide 17: Appendix A: Scene+ Overview
Appendix A: Scene+ Overview A differentiated national loyalty platform - driving incremental sales and earnings C o - owner Personalization Drive Data Ownership to at Scale Incrementality Drive Insights Differentiated Connected Banners to Drive New Customer Enhanced Customer Experience Omni - Channe
Slide 18: Appendix A: Scene+ Reward Categories
Appendix A: 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 B: E-Commerce Overview
Appendix B: E - Commerce Overview Key Areas of Focus Partnerships Omni - Channel Loyalty & Personalization Superior In - Stock Position Our third - party delivery Customer Growth Increased engagement Extremely low substitution rate partnerships align with our Voilà AOV is ~3.8x in -store AOV Differe
Slide 20: Appendix B: E-Commerce Timeline
Appendix B: E - Commerce Timeline F2019 F20 22 F20 26 January 2018 November 2021 March 2022 January 20 26 S obeys signs agreement E-commerce option Voilà par IGA launches Closure of the Alberta e -commerce with Ocado to bring world’s available for customers for Quebec customers. facilities, comprisi
Slide 21: Appendix C: Financial Results – Quarter Review
Appendix C: Financial Results – 12 Quarter Review Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 2027 Q2 F24 Q3 F24 Q4 F24 Q1 F25 Q2 F25 Q3 F25 Q4 F25 Q1 F26 Q2 F26 Q3 F26 Q4 F26 Q1 F27 Nov 4 Feb 3 May 4 Aug 3 Nov 2 Feb 1 May 3 Aug 2 Nov 1 Jan 31 May 2 Aug 1 2023 2024 2024 2024 2024 2025 2025 2025 2025
Slide 22: Appendix D: Executive Leadership Team
Appendix D: Executive Leadership Team Pierre St -Laurent President & Chief Executive Officer Luc L’Archevêque Julia Knox Doug Nathanson Costa Pefanis Sandra Pasquini Lara Skripitsky Chief Customer Officer Chief Retail Officer General Counsel and Chief Financial Officer Chief Human Chief Technology &
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