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Alimentation Couche-Tard Investor Presentation

U.S. NATIONAL RTF MARGIN¹ TRENDING HIGHER 18.1 13.1 2020-2022 average: 36.6 cpg 43.6 2008-2013 average: 17.2 cpg 2014-2019 average: 22.2 cpg 35.2 16.3 19.0 18.5 18.4 24.8 24.0 22.4 21.8 20.4 19.9 CAGR 6.5% 30.9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Rising breakeven point for single-store and small-chain operators is contributing to higher overall fuel margin. Source: NACS State of the Industry Report of 2022 Data. 1 Please refer to the "Non-IFRS Measures" section of this presentation for additional information on performance measures not defined by IFRS. Alimentation Couche-Tard | Investor Presentation 22 3 CIRCLE K ingo
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