Investor Presentaiton
THE
NORTH WEST
COMPANY
2. Giant Tiger Sale/ Restructure
Overview
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34 stores to be sold to Giant Tiger Stores Limited (GTSL) for $45 million.
plus up to $22.5 million in contingent consideration
Five stores in northern "gateway" communities continue to be owned and
operated by NWC plus one conversion to a clearance centre
Six stores to be closed, resulting in a provision of $9 million
NWC and GTSL to enter into reciprocal product supply agreements, with
NWC continuing to distribute food products to the sold stores in western
Canada
GTSL to supply all NWC Canadian and select international stores with
general merchandise products and select eastern Canada stores with food
products
Sale transaction expected to be completed in Q2
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