Slide 1: First Quarter Fiscal 2022 Earnings Call
FIRST QUARTER FISCAL 2022 EARNINGS CALL JULY 28, 2021
Slide 2: Safe Harbor Statement and Non-GAAP Measures
Safe Harbor Statement and Non-GAAP Measures Certain statements in this presentation, other than statements of historical fact, including estimates, projections, statements related to our business plans and operating results are forward-looking statements within the meaning of the Private Securities
Slide 3: First Quarter Fiscal 2022 Highlights
First Quarter Fiscal 2022 Highlights Delivered Record First Quarter Sales and Strong Operating Cash Flow Quarterly Comparable Store Sales Trends Monthly Comparable Store Sales Trends 40% 80% 30% 60% 20% 40% 20% 10% 0% 0% -20% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 -10% -40% 1 April May June July -20% -6
Slide 4: Go-Forward Priorities
Go-Forward Priorities Advancing Our Vision To Be a Best-In-Class, Field-Led Service Organization Invest in our people to drive an engaged, inclusive and high-performing team Enhance the customer experience and improve in-store execution to drive long-term organic growth Capitalize on strategic acqui
Slide 5: A Scalable Platform: Recent Acquisitions
A Scalable Platform: Recent Acquisitions Executing Disciplined M&A Strategy to Capitalize on Significant Opportunities for Consolidation in the Aftermarket Acquisitions ▪ Completed acquisition of 30 Mountain View Tire & Service stores in the Los Angeles area ▪ Further expands the Company’s geographi
Slide 6: First Quarter Fiscal 2022 Results
First Quarter Fiscal 2022 Results Solid Results Reflect Strong Momentum Entering Fiscal 2022 Q1FY22 Q1FY21 Δ Sales (millions) $341.8 $247.1 38.4% Same Store Sales 34.5% -25.8% 6,030 bps Gross Margin 36.8% 35.4% 140 bps Operating Margin 8.2% 4.6% 360 bps Diluted EPS $.46 $.09 411.1% Excluded Costs1 $
Slide 7: Solid Financial Position
Solid Financial Position Ample Financial Flexibility to Support Growth Strategy and Business Operations Disciplined Capital Allocation Strong Balance Sheet and Liquidity First Quarter Fiscal 2022 ▪ Capex of ~$5M ▪ Generated ~$63M of operating cash flow during Q1FY22 ▪ Paid ~$62M for acquisitions ▪ N
Slide 8: Fiscal 2022 Outlook – Financial Assumptions
Fiscal 2022 Outlook – Financial Assumptions Financial Assumptions as of July 28, 2021 Q2 Outlook Considerations Tire and Oil Costs Increase y/y ▪ Expect comparable store sales growth to moderate as compared to the first quarter as Interest Expense ~$25M to ~$27M comparisons get less favorable Deprec
Slide 9: Corporate Responsibility at Monro
Corporate Responsibility at Monro Monro’s corporate responsibility strategy is an important lens through which we identify Environmental, Social and Governance (ESG) risks and opportunities that could meaningfully impact our business over the long term. Highlights and progress during fiscal 2021 inc