North West Company Inc. · TSX:NWC

North West — The North West Company — Shareholder Meeting (June 2020)

44 slides from North West's shareholder meeting presentation, Jun 9, 2020

1. Slide 1: 2020 Annual General Meeting of Shareholders

   » | Z PURE KEIAIL 2020 Annual General Meeting of Shareholders = WE ARE N ORTH WEST AN. AN AN as iT “S: ° mae = 7 on ;

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3. Slide 3: Chairman Remarks

   » | Z PURE KEIAIL Chairman Remarks = WE ARE N ORTH WEST

4. Slide 4: Brock Bulbuck

   1.067 PURE RETAIL Brock Bulbuck

5. Slide 5: Deepak Chopra

   a V.0S PURE RETAIL Deepak Chopra

6. Slide 6: Frank J. Coleman

   & V.0S PURE RETAIL Frank J. Coleman

7. Slide 7: Wendy F. Evans

   1.067 PURE RETAIL Wendy F. Evans

8. Slide 8: Stewart Glendinning

   1.067 PURE RETAIL Stewart Glendinning

9. Slide 9: Annalisa King

   1.067 PURE RETAIL Annalisa King

10. Slide 10: Vi Konkle

    1.067 PURE RETAIL Vi Konkle

11. Slide 11: Jennefer Nepinak

    a V.0S PURE RETAIL Jennefer Nepinak

12. Slide 12: Eric L. Stefanson

    1.067 PURE RETAIL Eric L. Stefanson

13. Slide 13: Victor Tootoo

    a V.0S PURE RETAIL Victor Tootoo

14. Slide 14: Edward Kennedy

    1.067 PURE RETAIL Edward Kennedy

15. Slide 15: H. Sanford Riley

    1.067 PURE RETAIL H. Sanford Riley

16. Slide 16: 2020 Annual General Meeting of Shareholders

    » | Z PURE KEIAIL 2020 Annual General Meeting of Shareholders = WE ARE N ORTH WEST AN. AN AN as iT “S: ° mae = 7 on ;

17. Slide 17: 1. Receive Audited Financial Statements

    1.67 PURE RETAIL 1. Receive Audited Financial Statements EZ, WE ARE N ORTH WEST

18. Slide 18: 2. Election of Directors

    1.67 PURE RETAIL 2. Election of Directors EZ, WE ARE N ORTH WEST

19. Slide 19: 3. Appointment of Auditors

    1.67 PURE RETAIL 3. Appointment of Auditors EZ, WE ARE N ORTH WEST

20. Slide 20: 4. Advisory Resolution on Executive Compensation

    1.67 PURE RETAIL 4. Advisory Resolution on Executive Compensation EZ, WE ARE N ORTH WEST

21. Slide 21: 2020 Annual General Meeting of Shareholders

    » | Z PURE KEIAIL 2020 Annual General Meeting of Shareholders = WE ARE N ORTH WEST AN. AN AN as iT “S: ° mae = 7 on ;

22. Slide 22: President & Chief Executive Officer Remarks

    » | Z PURE KEIAIL President & Chief Executive Officer Remarks = WE ARE N ORTH WEST E~ oa . a fe aN ae ae ee mi

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26. Slide 26: Giant Tiger Reciprocal Supply Agreements

    a Giant Tiger Reciprocal Supply Agreements 1.6.5 PURE RETAIL Overview ° NWC will continue to distribute food to sold GT stores °® Preserves and enhances NWC food scale ° Giant Tiger to supply NWC stores with general merchandise ° Enables access to superior range and costing EZ, WE ARE N ORTH WEST

27. Slide 27: Canadian Administration Streamlining

    a Canadian Administration Streamlining 1.6. PURE RETAIL Overview ° 120 positions affected ° $17 million in annual reductions ° Driven by: ° Technology investments ° Giant Tiger Agreements ® Opportunity to grow share through lower cost and price structure EZ, WE ARE N ORTH WEST

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29. Slide 29: COVID-19 Key Factors

    COVID-19 V6. PURE RETAIL Key Factors ° Safety & Recognition ° NWC’s Essential Retail Role ° Customer Spending Changes ° Supply & Logistics ° Liquidity EZ, WE ARE N ORTH WEST

30. Slide 30: COVID-19: Safety & Recognition

    a COVID-19: Safety & Recognition 1.6. PURE RETAIL Protective measures in place ° Close community consultation ° Front line pay increases ° Community donation ramp-up WE ARE N ORTH WEST

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33. Slide 33: COVID-19: Supply & Logistics

    COVID-19: Supply & Logistics 1.6. PURE RETAIL Staying in-stock ° Enterprising solutions ° Dedicated air cargo capability ° Contingency plans in place WE ARE N ORTH WEST

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36. Slide 36: EBITDA - 2020 First Quarter Highlights

    * EBITDA - 2020 First Quarter Highlights AWN Ps PURE RETAIL ($ in millions) Ml Canada International $58.2 | -” Unadjusted for one-time charges $46.5 Q1 2018 Q1 2019 Q1 2020

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38. Slide 38: Net Earnings Performance - 2020 First Quarter Highlights

    a Net Earnings Performance - 2020 First Quarter Highlights NX Py PURE RETAIL ($ in millions) ° Unadjusted for one-time charges Q1 2018 Q1 2019 Q1 2020

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40. Slide 40: Consistent Dividend Record - 2020 First Quarter Highlights

    a Consistent Dividend Record - 2020 First Quarter Highlights aX Ps PURE RETAIL (Quarterly $ per share) ° 4.5% yield ° Future increases based on cash flow growth Q1 2018 Q1 2019 Q1 2020

41. Slide 41: 2020 Outlook

    2020 Outlook 1.6. PURE RETAIL Key Factors ° Food price reduction impact ° COVID-19 depth and duration impact on: ° NWC served communities ° Competitive environment ° Complimentary business opportunities EZ, WE ARE N ORTH WEST

42. Slide 42: $ & !#!"! & !!!!$! & " !% & !$!""!$ !!

    $ & !#!"! & !!!!$! & " !% & !$!""!$ !!

43. Slide 43: Our People

    Our People 1.6. PURE RETAIL fi Rikaan, ° Dedicated ° Inspiring ° Professional ° Enterprising ® Customer-driven t ist Ber oue WE ARE N ORTH WEST

44. Slide 44: Thank You for Attending

    » | Z PURE KEIAIL THANK YOU FOR ATTENDING = WE ARE N ORTH WEST

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