Investor Presentaiton

20 Industry Leading Returns Return on capital employed (1)(2) 26.7% 17.8% 14.6% 15.7% 13.3% 9.8% 26.3% 23.8% 14.6% 16.0% Current Casey's CST Murphy NACS 2013 Grocery Stores Home Drugstores Mass Dollar Improv. Merchants Stores Industry Average Return on capital employed since 2003 21.7% 17.3% 17.8% 18.2% 16.4% 16.7% 18.1% 19.0% 17.8% 14.3% 13.2% 13.3% 11.0% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Current Strong returns even in challenging economic conditions (1) Based on most recent published last 12 months results as of March 10, 2015. (2) Couche-Tard's most recent published results are as of February 1st, 2015 (Q3 2015) and exclude the Pantry acquired as of March 16, 2015. April 2015 Company Privileged and Confidential Investors Presentation 16

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