Investor Presentaiton
20
Disciplined Growth and Significant Free Cash Flow
Sales
Same-store sales
($ in millions)
40,000
13.5% CAG
37,957
35,543
2,676
36,192
Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
2,801
Merchandise same-store sales
30,000
US
22,980
Can
0.4% 0.8% 0.1%
0.4% 1.7% 0.9%
18,966
27,209
20,000
15,370
15,781
16,440
25,271
25,672
Eur
2.7%
0.7%
1.9%
4.5% 3.8% 4.4% 2.8% 2.8% 4.5%
3.2% 2.2% 1.6% 3.3% 3.0% 3.6%
1.9% 0.9% 2.5% 1.2% 2.1% 1.7%
16,375
12,744
10,000
10,169
10,365
10,558
5,201
5,416
5,882
6,222
6,599
7,596
7,947
8,047
Can
Motor fuel same store volume
US
-0.5% 0.8%
-0.9%
0.2%
0
Eur
1.1% 1.2% 1.7% 1.3% 2.8%
-1.4% -0.4% 1.5% 2.1% 1.7%
1.8% 2.2% 2.7% 3.2%
1.8%
2.1% 2.8%
0.3%
-1.1% -0.5%
1.7%
2.2% 2.1%
2008
2009
2010
2011
2012
Merchandise
Motor fuel
2013
Other
2014
LTM Q3
2015
EBITDA
Free Cash Flow
($ in millions)
2,000
1,800
1,600
($ in millions)
1,857
1250
22.0% CAG
1,640
5.1%
1000
1,376
55.0% CAG
981
866
1,400
1,200
750
614
4.3%
1,000
841
734
800
500
647
404
588
3.9%
378
600
485
3.7%
278
241
400
3.9%
3.9%
250
3.2%
200
3.7%
51
0 H
он
2008
2009
2010
2011
2012
2013
2014
2008
2009
2010
2011
2012
2013
2014
LTM Q3
LTM Q3
2015
EBITDA
% margin
2015
April 2015
History of strong operational performance and FCF generation
Company Privileged and Confidential
Investors Presentation
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