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Alimentation Couche-Tard Investor Presentation

(10.0%) (20.0%) (30.0%) 20.0% 10.0% (5.0%) (10.0%) 25.0% 20.0% 15.0% 10.0% 5.0% 3 2 US SSS EUR SSS CAN SSS ACT PERFORMANCE DURING PAST RECESSIONS Growth of Same-Store Merchandise Revenues (%) 1 U.S. RTF Gross Margin (CPG) ³ Q2-FY04 Q4-FY04 Q2-FY05 Q4-FY05 Q2-FY06 Q4-FY06 Q2-FY07 Q4-FY07 Q2-FY08 Q4-FY08 Q2-FY09 Q4-FY09 Q2-FY10 Q4-FY10 Q2-FY11 Q4-FY11 $50.00 $44.00 $38.00 $32.00 $26.00 $20.00 $14.00 $8.00 Growth of Same-Store RTF Volume (%) 2 Canada RTF Gross Margin (CPL)³ ⚫ US SSF EUR SSF ⚫CAN SSF $16.00 Q2-FY12 Q4-FY 12 Q2-FY13 Q4-FY13 Q2-FY14 Q4-FY14 Q2-FY15 Q4-FY15 Q2-FY16 Q4-FY16 Q2-FY17 Q4-FY17 Q2-FY18 Q4-FY18 Q2-FY19 Q4-FY19 Q2-FY20 Q4-FY20 Q2-FY21 Q4-FY21 Q2-FY22 Q4-FY22 Q2-FY23 Q4-FY23 $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 1-FY04 88 ត 38 88 Resilient performance during past recessionary environments 1 For Same-Store Merchandise Revenues (SSS), this measure represents the growth of (decrease in) cumulated merchandise revenues between the current period and comparative period for those stores that were open for at least 23 days out of every 28-day period included in the reported periods. Presented on a comparable basis of 12 weeks. Merchandise revenues are defined as Merchandise and service revenues excluding service revenues. 2 For company-operated stores only. Presented on a comparable basis of 12 weeks. 3 Please refer to the "Non-IFRS Measures" section of this presentation for additional information on performance measures not defined by IFRS. 4 For additional information on reconciling these measures with our consolidated results, please refer to the section "Summary analysis of consolidated results for the Fourth Quarter of Fiscal 2023" of our Management Discussion & Analysis for the 53-week period ended April 30, 2023, available on SEDAR at www.sedar.com. 5 Operating, selling, general and administrative expenses (OPEX). 3 CIRCLE K TH ingo
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