Reitmans (canada) Limited · TSXV:RET
Reitmans (canada) — Shareholder Meeting (June 2024)
16 slides from Reitmans (canada)'s shareholder meeting presentation, Jun 19, 2024
Slide 1: Annual General Meeting of Shareholders
Annual General Meeting of Shareholders June 19, 2024
Slide 2: Stephen Reitman, Executive Chairman of the Board
STEPHEN REITMAN Executive Chairman of the Board 2
Slide 3: Meeting Agenda
Meeting Agenda 1. Receive fiscal 2024 financial statements 2. Election of directors 3. Appointment of auditors 4. To ratify and confirm the resolution adopting the amendment to the Second Amended and Restated Share Option Plan of the Corporation 5. Other business 6. Termination of formal meeting 7.
Slide 4: Andrea Limbardi, President and Chief Executive Officer
ANDREA LIMBARDI President and Chief Executive Officer 4
Slide 5: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Reitmans (Canada) Limited (the "Company”) with respect to future business activities and operat
Slide 6: Fiscal 2024 – Key Initiatives
Fiscal 2024 – Key Initiatives Opened 7 new stores and renovated 27 stores including an expanded concept RW&CO at Sherway Gardens in the GTA New robotics system in distribution centre Launch of RCL Market 6
Slide 7: Fiscal 2024 in Review – Leadership Changes
Fiscal 2024 in Review – Leadership Changes Andrea Limbardi Stephen Reitman Daniel Rabinowicz Jackie Tardif President & Chief Executive Chairman of Vice-Chair and Lead Chief Operating Officer Executive Officer the Board Independent Director 7
Slide 8: Richard Wait, Executive Vice President and Chief Financial Officer
RICHARD WAIT Executive Vice President and Chief Financial Officer 8
Slide 9: Fiscal 2024 Financial Highlights
Fiscal 2024 Financial Highlights $794.7M Net Revenues $22.9M Results from Operating Activities $14.8M Net Earnings 9
Slide 10: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights Q1 2025 Variance Net Revenues $165.7M --- Gross Profit Margin 56.7% 310 bps Results from Operating Activities $(1.2)M +$2.4M Adjusted EBITDA(1) $0.9M +$2.1M Net Loss $(1.5)M +$2.3M (1) This is a non-GAAP financial measure. Please refer to the “Non-GAAP Financial Measures
Slide 11: Balance Sheet Highlights
Balance Sheet Highlights Working Capital(1) $98.9M 153.4 Strong cash position provides flexibility 139.7 $127.6M Well-positioned inventory level Q1 2024 Q1 2025 $115M In millions of C$ Undrawn revolving credit facility (1) This is a non-GAAP financial measure. Please refer to the “Non-GAAP Financial
Slide 12: Andrea Limbardi, President and Chief Executive Officer
ANDREA LIMBARDI President and Chief Executive Officer 12
Slide 13: Key Initiatives for Fiscal 2025
Key Initiatives for Fiscal 2025 Continue to invest in store renovations and new openings Modernization – digital technology and infrastructure • Continued development of 3D design capabilities • New point of sale system • Improved handling systems in distribution centre 13
Slide 14: Outlook
Outlook • Key competitive advantages will enable RCL to navigate through uncertain macroeconomic environment • Focused on driving long-term profitable growth through omnichannel strategy • Forecasting capital expenditures of approximately $32 million for FY 2025 ($6.3 million year-to-date) 14
Slide 15: Reibuang PENN, RW&CO.
Reibuang PENN, RW&CO.
Slide 16: reitmanscanadalimited.com
reitmanscanadalimited.com