Investor Presentaiton

Investor Day Jan 2018 HOW WE DO M&A - OUR STRATEGY PART OFFER INDIGETRY DEBT KEEP UNITED FINANCING DUE ISSUE INCLUDE LARGE INCREASED QUANTITY LANDER USUALLY TERMS KNOWLEDGE ALWAYS PRODUCT THIS THE ANOTHER CASH VALUATION TAX TWO DEAL THUS PRICE PRIVATE SHARES DIFFERENT STOCK VALUE MANY ACQUIRING MOVEMENT PROFIT U IMPORTANT KAL COMPETITORS THOLOGIC MARKET HIGH COSTS MERGERS MERGER COMPANIES RESOURCES PAYMENT BUSINESSil TARGET ONE ACQUISITIONS TRANSACTION INCREASE PRICES DEMAND ACQUIRED BEAN GREAT AL COST CASE LOSS DETAILED CARTELE DECREASE FIRMS FACTORS BRAND JUDICIATED INTOILMATION ORDER ACQUISITION NAME MAJOR FIRM SHAREHOLDERS FORM HOWEVER TOGETHER INCREASE TIME FINANCIAL SIZE COMPANY SHARE CREATE MIGHT NEW ASSETS CONTROL BUYER TUTURE Couche-Tard CIRCLE K ingo

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