Investor Presentaiton

GDSO-C-Store Market Remains Fragmented with Significant Opportunity for Consolidation Strong track-record of integrating acquisitions . Fragmented market provides opportunity for low-risk growth • ⚫ 73% of industry comprised of operators with less than 50 stores U.S. Convenience Store Composition By Chain Size(1) Fragmented Industry of > 150,000 Convenience Stores 1-10 Stores 66% of Operators (~100,400) 500+ Stores 19% of Operators (~29,500) 201-500 Stores 3% of Operators (~5,300) 51-200 Stores 5% of Operators (~7,700) 11-50 Stores 7% of Operators (~10,300) 73% of industry < 50 store chains 19 (1) National Association of Convenience Stores ("NACS") 2018 NACS State of the Industry Report. GLOBAL

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