Investor Presentaiton

C-Store Market Remains Fragmented with Significant Opportunity for Consolidation 16 • U.S. Convenience Store Composition By Chain Size(1) Strong track record of integrating . • acquisitions Fragmented market provides opportunity for low-risk growth 70% of industry comprised of operators with 50 or fewer convenience stores (1) 10 GLOBAL 1-10 Stores 64% of Operators (93,994) 501+ Stores 21% of Operators (30,890) 70% of industry ≤ 50 store chains (1) National Association of Convenience Stores - 2022 NACS/ NielsenIQ Convenience Industry Store Count 201-500 Stores 4% of Operators (5,795) 51-200 Stores 5% of Operators (8,051) 11-50 Stores 6% of Operators (9,296)

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