Investor Presentaiton

20 Couche-Tard as a World Leader ($ billions) North America Europe LTM (1) The Pantry Total Pro forma (2) Pro forma Revenue $24.9 $11.3 $36.2 $7.4 $43.6 Contribution 57% 26% 17% 100% Gross Profit $3.5 $1.7 $5.2 $0.9 $6.1 Gross Margin 14.1% 14.9% 14.4% 11.7% 13.9% EBITDA (4) $1.9 $0.3 $2.2 EBITDA Margin 5.2% 3.5% 5.0% Stores (#) 6,314 (3) 2,233 8,547 1,567 10,114 International 4,637 4,637 Total Stores 13,184 14,751 Couche-Tard is a leading global convenience store operator with EBITDA of $2.1 billion (1) LTM financial results as at February 1st, 2015. (2) The Pantry was acquired on March 16, 2015. Pro forma results are LTM of the Pantry as of December 25, 2014. (3) Includes Couche-Tard's Company-Owned/Dealer-Operated and Dealer-Owned/Dealer-Operated sites. (4) Adjusted for non-recurring restructuring provision, curtailment gain and negative goodwill. April 2015 Company Privileged and Confidential Investors Presentation 12

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