"It is with great pride that we announced our new 10 for the Win strategy today. The entire executive team and I believe that we have put together a compelling and achievable path to reach our ambitious goals. We are excited to start executing on 10 for the Win to bring more value to our customers, team members, and shareholders as we strive to become the most trusted brand in convenience and mobility," added
The strategic lighthouses outlined in our 10 for the Win strategic plan include Winning Offer, Winning Fuel, Winning the Customer and Winning Growth, all supported by the Foundation, which includes Fit to Serve, where we are doubling down on cost efficiency to position ourselves as one of the most cost-effective operators in our industry.
The presentation that senior management went through earlier today is available on the Events & Presentations page of
1Please refer to the ''Non-IFRS Measures'' section of this press release for additional information on performance measures not defined by IFRS. Within the meaning of securities legislation, the Corporation's EBITDA ambition for fiscal 2028 constitutes financial outlook and forward-looking information. The purpose of this outlook is to provide a description of management's expectations regarding the Corporation's financial performance and may not be appropriate for other purposes. Actual results could vary materially as a result of numerous factors, many of which are beyond the Corporation's control. See "Forward-Looking Statements". |
About
For more information on
Certain statements in this press release may constitute forward looking statements within the meaning of securities laws of
- A comprehensive evaluation of each initiative Winning Offer, Winning Fuel, Winning the Customer and Winning Growth, all supported by the Foundation, which includes Fit to Serve, all described in more detail in the Investor Conference presentation referenced herein and the fact that
Couche-Tard will be able to execute according to the established plans when it relates to organic growth initiatives; - Our ability to identify and complete strategic acquisitions and expected synergies to be realized through business acquisitions;
- Synergies and cost savings objective that are based on our comparative analysis of organizational structures and current level of spending across
Couche-Tard's network as well as onCouche-Tard's ability to bridge the gap, where relevant, andCouche-Tard's assessment of current contracts in the geographical areas of operations and howCouche-Tard expects to be able to renegotiate these contracts to take advantage of our increased purchasing power; Couche-Tard's ability to establish and maintain an effective process for sharing best practices across its network;- Our ability to integrate acquired businesses; and
Couche-Tard's best assessment of the current macroeconomic environment, including ongoing global supply chain and inflationary pressures, foreign currency volatility, the repercussions of the ongoing military conflict betweenUkraine andRussia , COVID-19 variants, other related disruptions and other risks described in the section "Business Risks" of our Management Discussion & Analysis for the year endedApril 30, 2023 as filed on SEDAR+ at www.sedarplus.ca.
To provide more information for evaluating the Corporation's performance, the financial information included in this press release contains certain data that are not performance measures under IFRS ("non-IFRS measures"). We believe that providing those non-IFRS measures is useful to management, investors, and analysts, as they provide additional information to measure the performance and financial position of the Corporation.
The following non-IFRS financial measure is used in this press release:
- Earnings before interest, taxes, depreciation, amortization and impairment ("EBITDA").
Non-IFRS financial measures are mainly derived from the consolidated financial statements, but do not have standardized meanings prescribed by IFRS. These non-IFRS measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with IFRS. In addition, our definitions of non-IFRS measures may differ from those of other public corporations. Any such modification or reformulation may be significant.
Earnings before interest, taxes, depreciation, amortization and impairment ("EBITDA"). EBITDA represents net earnings plus income taxes, net financial expenses, and depreciation, amortization and impairment. This performance measure is considered useful to facilitate the evaluation of our ongoing operations and our ability to generate cash flows to fund our cash requirements, including our capital expenditures program, share repurchases, and payment of dividends.
The table below reconciles net earnings, as per IFRS, to EBITDA:
53–week period ended | |
(in millions of US dollars) | |
Net earnings | 3,090.9 |
Add: | |
Income taxes | 838.2 |
Net financial expenses | 306.7 |
Depreciation, amortization and impairment | 1,525.9 |
EBITDA | 5,761.7 |
Earnings before interest, taxes, depreciation, amortization and impairment ("EBITDA") ambition for fiscal 2028. The table below reconciles EBITDA for the 53-week period ended
(in millions of US dollars) | |
EBITDA for the 53-week period ended | 5,761.7 |
Add: Impact of initiatives | |
Winning offer | |
Win in food | 150.0 |
Own thirst | 250.0 |
Private brands | 120.0 |
Winning Fuel | 450.0 |
Winning the customer | |
Build fans through loyalty | 200.0 |
Other initiatives | 70.0 |
Winning growth | |
New to industry, Raze and rebuild and relocations | 400.0 |
New mergers and acquisitions opportunities | 1,100.0 |
Acquisition of certain retail assets from TotalEnergies SE | 700.0 |
Fit to serve | 800.0 |
EBITDA ambition for fiscal 2028 | 10,001.7 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/alimentation-couche-tard-announces-its-10-for-the-win-five-year-strategic-plan-301954009.html
SOURCE
© Canada Newswire, source