Investor Presentaiton

NEW LEASE ACCOUNTING STANDARD Balance sheet Increase in Total Assets - Property and equipment Increase in Total Liabilities - Debt • Limited impact on Net Adjusted Debt to EBITDAR ratio Investor Day Jan 2018 P&L Decrease in Rent Expense - Increase in EBITDA Increase in Depreciation and Financial Expense • Limited impact on Net Earnings CIRCLE K Couche-Tard ingo

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