EX-99.2 3 d755705dex992.htm EX-99.2

EX-99.2

Exhibit 99.2

2015 GOALS & OBJECTIVES

•

Increase same-store fuel gallons sold 1% with an

average margin of 15.3 cents per gallon

•

Increase same-store grocery & other merchandise sales

5.3% with an average margin of 32.1%

•

Increase same-store prepared food & fountain sales

9.5% with an average margin of 60%

•

Build or acquire 72 to 108 stores and replace 25 existing

locations

24 HOUR CONVERSIONS

•

725 stores operate 24 hours

•

605 stores were converted to 24 hour operations

•

FY 2011 –

75 stores

•

FY 2012 –

200 stores

•

FY 2013 –

200 stores

•

FY 2014 –

130 stores

•

Projected

FY

2015

-

100

stores

24 HOUR CONVERSIONS

•

Prepared food & fountain sales up 20% to 30% in the

first year

•

Grocery & general merchandise up 15% to 20% in the

first year

•

10% lift in customer count in the first year

MAJOR REMODELS

•

896 total E & G style stores in the chain

•

230 E & G remodels completed

•

FY 2011 –

130 stores

•

FY 2013 –

75 stores

•

FY 2014 –

25 stores

•

Projected FY 2015 –

25 stores

MAJOR REMODELS

•

More than a 30% lift in prepared food & fountain sales in

the first year

•

More than a 10% lift in sales in grocery & other

merchandise in the first year

•

10% lift in customer count in the first year

PIZZA DELIVERY

•

355 stores deliver pizza

•

FY 2012 –

75 stores

•

FY 2013 –

200 stores

•

FY 2014 –

80 stores

•

Projected FY 2015 –

75 stores

PIZZA DELIVERY

•

30% to 40% lift in pizza sales

•

20% to 30% lift in prepared food & fountain sales

FUEL SAVER PROGRAM

FISCAL 2015 CAPITAL BUDGET

New stores & acquisitions

$200 –

250 million

Replacement stores

$57 million

Major remodels

$13 million

Transportation

$17 million

Information systems

$18 million

General maintenance

$40 million

Distribution center

$15 million

Total

$360 –

410 million

AVERAGE CAPITAL INVESTMENT

New stores/replacements

O-2 style

$3.0 million

P style

$2.3 million

Acquisitions (including rebranding)

$2.0 million

Major remodels

$0.5 million

STORE GROWTH

•

New stores:

•

29 new stores under construction

•

36 new sites under contract

•

24 acquisitions completed (3 closed)

•

5 written agreements

•

Acquisitions:

REPLACEMENT STORES

•

24 replacement sites under construction

•

33 replacement sites under contract

RENEWABLE IDENTIFICATION

NUMBERS (RINS)

EBITDA (IN THOUSANDS)

DIVIDEND (PER SHARE)

STOCK PRICE PERFORMANCE