Investor Presentaiton

LOGISTICS: CONTINUOUS FOCUS ON COST LEADERSHIP THROUGH OPERATIONAL EXCELLENCE Logistics unit costs *): Run Outs *) Days in Stock *) -4% - 32% - 3% Scalable, flexible and low capital intensive operating model Centralized and fully integrated Operations teams in low cost locations Leveraging scale through structured procurement approach Leading IT solutions capitalizing on advanced analytics and forecasting capabilities Investor Day Jan 2018 *) FY15 vs FY18-Q2 (Logistics unit costs, inflation and hauling distance compensated. Run outs excluding Irma and Harvey) CIRCLE K Couche-Tard ingo

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