<SEC-DOCUMENT>0001193125-14-440226.txt : 20141211
<SEC-HEADER>0001193125-14-440226.hdr.sgml : 20141211
<ACCEPTANCE-DATETIME>20141211171553
ACCESSION NUMBER:		0001193125-14-440226
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20141211
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141211
DATE AS OF CHANGE:		20141211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CASEYS GENERAL STORES INC
		CENTRAL INDEX KEY:			0000726958
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				420935283
		STATE OF INCORPORATION:			IA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34700
		FILM NUMBER:		141281572

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 3001
		CITY:			ANKENY
		STATE:			IA
		ZIP:			50021
		BUSINESS PHONE:		5152437611

	MAIL ADDRESS:	
		STREET 1:		PO BOX 3001
		CITY:			ANKENY
		STATE:			IA
		ZIP:			50026
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d837221d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): December&nbsp;11, 2014 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>CASEY&#146;S GENERAL STORES, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Iowa</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-34700</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>42-0935283</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>One Convenience Blvd., Ankeny, Iowa</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>50021</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive Offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>515/965-6100 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NONE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or
former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see</I> General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CF 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left">Item&nbsp;2.02.</TD>
<TD ALIGN="left" VALIGN="top"><U>Results of Operations and Financial Condition</U>. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;11, 2014, Casey&#146;s
General Stores, Inc. (the &#147;Company&#148;) conducted a conference call with investors concerning its financial results for the second fiscal quarter ended October&nbsp;31, 2014. A copy of the transcript prepared by the host of the conference
call is attached as Exhibit 99.1 and is incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left">Item&nbsp;9.01.</TD>
<TD ALIGN="left" VALIGN="top"><U>Financial Statements and Exhibits</U>. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Exhibits. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The exhibits accompanying this report are listed in the Exhibit Index attached hereto. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURE </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">CASEY&#146;S GENERAL STORES, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: December&nbsp;11, 2014</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ William J. Walljasper</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">William J. Walljasper</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Senior Vice President and</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EXHIBIT INDEX </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following exhibits are filed herewith: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:37.25pt; font-size:8pt; font-family:Times New Roman">Description</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Transcript of conference call conducted by Casey&#146;s General Stores, Inc. on December 11, 2014.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d837221dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EDITED TRANSCRIPT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CASY&#151;Q2 2015 Casey&#146;s General Stores Inc Earnings Call </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">EVENT DATE/TIME: DECEMBER 11, 2014 / 03:30PM GMT </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact Us</U></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or redistribution of
Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its
affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CORPORATE PARTICIPANTS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper</B> <I>Casey&#146;s General Stores Inc&#151;CFO</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CONFERENCE CALL PARTICIPANTS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kelly Bania</B>
<I>BMO</I> <I>Capital Markets&#151;Analyst</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane Higgins</B> <I>Deutsche Bank&#151;Analyst</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Irene Nattel</B> <I>RBC</I> <I>Capital Markets&#151;Analyst</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles Cerankosky</B> <I>Northcoast Research&#151;Analyst</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Brownlow</B> <I>Raymond James&nbsp;&amp; Associates, Inc.&#151;Analyst</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Bienvenu</B> <I>Stephens Inc.&#151;Analyst</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brent
Rystrom</B> <I>Sidoti&nbsp;&amp; Company&#151;Analyst</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stephen Grambling</B> <I>Goldman Sachs&#151;Analyst</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Anthony Lebiedzinski</B> <I>Sidoti&nbsp;&amp; Company&#151;Analyst</I> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PRESENTATION </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good day, ladies and gentlemen, and welcome to the Q2 FY15 Casey&#146;s General Stores Earnings conference call. My name is Tia, and I&#146;ll be your operator
for today. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Operator Instructions) </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I would now like to
turn the conference over to your host for today, Mr.&nbsp;Bill Walljasper, Chief Financial Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please proceed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good morning, and thank you for joining us to discuss Casey&#146;s results for the quarter ended October&nbsp;31st. I&#146;m Bill Walljasper, Chief Financial
Officer. Bob Myers, Chairman and Chief Executive Officer, is also here. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Before we begin, I&#146;ll remind you that certain statements may constitute
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As discussed in the press release and the 2004 annual reports, such forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from future results expressed or implied by those statements. Casey&#146;s disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of
new information, future events, or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ll take a few minutes to summarize the results of the second quarter, and then afterwards, open for
questions about our results. The previously amended revisions to our financial results for the first quarter of FY15 and FY14 are reflected in the year-to-date results and comparisons to prior periods that will be discussed during this call. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As all of you have seen, diluted earnings per share in the second quarter was up 27%, to $1.28, compared to $1.01 a year ago. Year-to-date diluted earnings
per share were $2.56 compared to $2.40 in the same period last year. EBITDA was up over 23% in the quarter compared to a year ago. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The results reflect
the strong fuel margin environment, as well as strong sales performance across all categories. Before we go over each category to give you more detail in what is driving our results, I&#146;ll remind everyone that we will release the details of our
November same-store sales on Monday, December&nbsp;15th. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the second quarter, we experienced a strong fuel margin environment, resulting in an average margin of
$0.195 per gallon, compared to $0.16 per gallon in the same period a year ago. Year-to-date, the fuel margin is $0.192 per gallon, well ahead of our annual goal. Casey&#146;s trailing four-year gas margin is $0.158 per gallon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Second-quarter margin benefited from a steady decline in wholesale fuel costs, and favorable prices of renewable fuel credits, commonly known as RENs, sold
during the period. During the quarter, we sold 13&nbsp;million RENs for $6.3 million. This represented about $0.014 per gallon improvement to the fuel margin. Currently, RENs are trading around $0.55. Last year in the third quarter, the average RENs
sold were $0.28. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The fuel saver program that we implemented in partnership with Hy-Vee continues to do well. Same-store gallons sold in stores that
participate in the fuel saver program increased 2.5% in the second quarter, resulting in overall same-store gallons sold in the quarter to be up 2.3%. Total gallons sold increased nearly 9% to 460.7&nbsp;million gallons. Same-store sales sold
through the midyear point were up 2.6%, with total gallons sold for the year up nearly 9% to 925&nbsp;million gallons. The average retail price of fuel for the quarter was $3.19 a gallon compared to $3.34 last year. Fuel gross profit for the quarter
was up over 32% to $89.6 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total sales in the Grocery and Other Merchandise category were up over 12% to $466.9 million in the second quarter.
Same-store sales were above goal, up 6.6%. We experienced double-digit sales increases in nearly all areas of the category during the quarter compared to a year ago. As a result, the gross profit was up over 12% to $151 million. For the year,
same-store sales were up 7.2%, with total sales up 12.5% to $945.5 million. The average margin year-to-date is above goal at 32.4%. We are pleased with the gains in the category, and anticipate continued growth throughout the fiscal year, as we
benefit from the continued rollout of operational initiatives and new store openings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Prepared Food and Fountain category continued its strong
performance, with total sales up 17.1% to $201.2 million for the quarter. Same-store sales in the quarter were up 11.1%, with an average margin of 59.3%, down from a year ago, primarily due to increased commodity costs. The average cost of cheese
this quarter was $2.43 per pound compared to $1.97 a year ago. Currently, the average cost of cheese is approximately $1.85 per pound. The average cheese cost in the third and fourth quarter of last fiscal year was $2.17 per pound and $2.58 per
pound, respectively. Year-to-date, same-store sales were up 11.1%. Approximately half of the same-store sales gains are attributable to the three operational initiatives described in the press release. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Gross profit dollars in the quarter were up 12.4%. We are pleased with the gains in this category and anticipate continued growth throughout the fiscal year.
As we benefit from the continued rollout of more operational initiatives and new store openings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At the six-month mark, Operating Expenses were up 13.1%.
For the quarter, operating expenses increased 13% to $244.8 million. Over 60% of this increase was due to a rise in wages, primarily related to an increase in the operational initiatives described in the press release, and operating 86 more stores
this quarter compared to the same period a year ago. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the last earnings conference call, we were asked about the potential impact of the Affordable
Care Act that goes into effect January&nbsp;1, 2015. We recently completed our health insurance enrollment for the upcoming year, and experienced an increase in participants of about 19%. With this in mind, in calendar year 2015, we anticipate an
increase of approximately $5 million to $6 million in additional healthcare expenses as a result of the Affordable Care Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On the income statement,
total revenue for the quarter was up 6.7% to $2.2 billion. Due to the strong sales gains mentioned previously, offset by a lower retail fuel price compared to the same period a year ago. Year-to-date total revenue was up 7.5%, primarily due to the
sales increases mentioned previously and operating 86 more stores. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The effective tax rate in the quarter was 36.8%, up primarily related to a non
recurring adjustment for stock-based compensation tax benefits that was recorded in the second quarter of FY14. We expect our effective tax rate to be around 36% to 37% for the fiscal year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our balance sheet continues to be strong. At October&nbsp;31st, cash and cash equivalents were $71.6 million, down from $121.6 million at the end of the
fiscal year. Primarily due to the increased growth of our Company. Long-term debt, net of current maturities, was $845.9 million. While shareholder equity rose to $800.1 million, up $96.8 million from the fiscal year end. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At the six-month mark, we generated $183.4 million in cash flow from operations. And capital expenditures were $230 million, compared to $187.4 million a year
ago in the same period. This was up due to an increase in acquisitions and construction activity. We expect capital expenditures to increase as new store construction accelerates, and we continue to add kitchens to our recently-acquired stores. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>This quarter, we opened 14 new store constructions and completed four acquisitions. For the year, we have acquired 29 stores and completed 21
new store constructions. Ten of the new store constructions were opened as 24-hour locations. Over the past two years, approximately two-thirds of the new store and acquisitions and replacement stores were opened as 24-hour locations. We currently
are on pace to complete a total of 40 to 45 new store constructions by the end of the fiscal year, and replace at least 25 stores. Year to date, we have replaced 13 stores. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">3</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Currently, we have 26 new stores and 14 replacement stores under construction. Our store count at the end of
this quarter was 1,856 corporate stores. We are in excellent position to achieve our unit growth goals for the fiscal year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition to the unit
growth, year to date we have also converted 100 more locations to a 24-hour format; added 12 more stores to the pizza delivery program; and completed 5 major remodels. We plan on adding a total of 80 stores to the pizza delivery program and
completing 25 major remodels by the end of the fiscal year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to our pizza delivery program, effective December&nbsp;1st, we discontinued
delivery in 21 locations and reduced 60 stores to delivery four days per week. We have also modified our delivery hours for the remaining stores in the program. We still believe this is a strong initiative, and will continue to roll this program out
to more stores in the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That completes our review for the quarter. As I mentioned previously, we will release November same-store sales on Monday,
December&nbsp;15th. We will now go ahead and take your questions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>QUESTION AND ANSWER </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Operator Instructions) </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your first question comes from the line of Kelly Bania, BMO Capital. Please proceed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kelly Bania&#151;</B><B><I>BMO Capital Markets&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hello, good morning, Bill and Bob. Just&#151; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Morning, Kelly. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kelly Bania&#151;</B><B><I>BMO Capital Markets&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A couple questions about the operational initiatives. First, I guess on the recent batch of converted 24-hour locations, just curious if you could comment at
all on how those are trending? I think they were done in the first quarter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I guess just how they&#146;re trending in the first few months relative to
past conversions? And then I have a couple follow-ups on pizza delivery. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores
Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The stores that we&#146;ve converted to 24 hours, the ones you&#146;re referring to are the 100 stores that we did back in
May. They are tracking right in line with the previously released 24-hour locations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Typically what we see normally in the first year is about a 10% to
15% improvement on the bottom line in those stores. That&#146;s right on pace for that. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kelly Bania&#151;</B><B><I>BMO Capital
Markets&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great. And then on the pizza delivery, you mentioned pulling back on some locations, and then reducing some of the
hours and days. Can you just maybe talk about what you were finding that wasn&#146;t working in some of those stores? And how that changes the way you think about the potential? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">4</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I think you&#146;re planning on doing another 70 or so this year. Maybe any learnings on why or where that
doesn&#146;t work? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certainly. And this is one of the newest initiatives that we have. So as we get more data points on the delivery program, certainly we start to see and track
the delivery on an hourly basis. And identify opportunities for us to, in this case, either discontinue the delivery or modify the hours in an effort to reduce operating expenses. Because in those particular hours that they just were not generating
the appropriate amount of revenue to justify either store delivering or having the hours or days of the week being delivered that I mentioned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As far as
criteria for the delivery program, we still think that it&#146;s a viable initiative. As you mentioned, another approximately 70 stores will be rolled out this fiscal year. And we&#146;ll continue to roll this out for several more fiscal years,
because we do believe this has a tremendous opportunity in some of our stores, but not all of them. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The locations that we see as most prevalent are
stores that are a little bit higher populated stores than our store base, in order to take market share from somebody. And so those are the stores that we&#146;ll be targeting going forward. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kelly Bania&#151;</B><B><I>BMO Capital Markets&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great. That&#146;s helpful. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And then at your analyst day, you
talked about the online application for pizza ordering. Just curious if that&#146;s rolled out, or what the timing and potential of that is? If you&#146;ve tested it in any markets yet? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ve been currently testing that for the last about month and a half to two months just here in the Ankeny area. Just to make sure that there are no
glitches in the programming. It&#146;s gone very well. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ll continue to roll that out here in the Des Moines Metro area here in the next several
months, and then continue to monitor that and roll out accordingly. We&#146;re excited about that program. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Kelly Bania&#151;</B><B><I>BMO Capital
Markets&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great, thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your next question comes from the line of Karen Short with Deutsche Bank. Please proceed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane Higgins&#151;</B><B><I>Deutsche Bank&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, good morning. It&#146;s Shane Higgins on for Karen. Thanks for taking the questions, guys. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Just a quick one on the prepared foods. I think you alluded to this, Bill, back on your last call. But did you guys end up raising prices again in November?
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">5</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane
Higgins&#151;</B><I></I><B><I>Deutsche Bank&#151;Analyst</I></B><I></I><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And that was a follow-up to what you did in May, correct? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s correct. Just to clarify all the price increases within the category, back on May&nbsp;1st, we did take about a 2% price increase. And then again
November&nbsp;1st, we took another price increase of about 1%. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane Higgins&#151;</B><B><I>Deutsche Bank&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. And have you guys seen any elasticity from that? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No, actually we have not. When you look at our same-store sales with
respect to from May on to November and then November on, you can see they&#146;ve been tracking either in the double-digit or high single-digit. So at this point, we haven&#146;t seen any elasticity in those price increases. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">But that&#146;s something we always continue to monitor, obviously. And keep in mind, Shane, when we do take price increases we still want to make sure that
we&#146;re competitively priced within our competitive market area. So those would be in conjunction with that. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane Higgins&#151;</B><B><I>Deutsche
Bank&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. And then so as that relates to your margins and you guys hitting your 60% target for the year, I know in your
opening remarks you discussed cheese. I guess it&#146;s down quite a bit. Do you guys feel confident now that you&#146;re still on track to hit that 60% margin goal? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;re certainly on track. We&#146;re slightly below that on a year-to-date basis. But as I alluded to in the opening comments, cheese has come down
significantly subsequent to the end of the second quarter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And I gave the comparisons in the opening remarks, and I&#146;ll just reiterate those. As we
head into the third quarter, the comparison last year was $2.17 per pound. And then the fourth quarter, we&#146;re comparing against $2.58 per pound. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And
just as a reminder, about every $0.10 per pound in the cost of cheese is about 35 basis points to the total prepared food margin. So certainly, if cheese costs remain where they&#146;re at or even go lower, I think we&#146;re in good shape with
respect to that goal. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane Higgins&#151;</B><B><I>Deutsche Bank&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay, great. Thanks for that. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And then just switching gears,
how are your gasoline margins down in the newer states? I know &#151; I think you said previously that&#146;s been pretty competitive, or as you&#146;ve opened in some of these newer states, you&#146;ve seen a pretty aggressive response. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Are you still kind of seeing that activity? Are gasoline margins a bit lower in those markets? Or are they starting to ease up a little bit? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">6</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><I></I><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><I></I><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Well, the newer markets, and I think the ones you&#146;re referring to are Arkansas, Kentucky, Tennessee. Those states are still lower than our other states,
but we have seen recently an uptick in the gas margin. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Now whether that&#146;s just a temporary fluctuation due to the lower retail prices and the
wholesale costs dropping kind of yet to be seen. But definitely we have seen an uptick in gas margins in those states, as well as throughout our chain obviously by what we reported here in the second quarter. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane Higgins&#151;</B><I></I><B><I>Deutsche Bank&#151;Analyst</I></B><I></I><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay, great. And just one last one. Just about the M&amp;A environment, obviously margins are up pretty strongly across the whole industry. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Are you guys seeing &#151; are sellers asking for more? Or are you guys seeing more expensive sellers asking more to reflect the recent increase in margins?
Or is the environment pretty much &#151; been pretty much the same for the past several months? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General
Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We haven&#146;t seen some of our potential acquisitions raising their expectations because of the gas margin
environment. Certainly, that is something that can happen. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have seen that historically in the past. But to date, we haven&#146;t seen that. But
we&#146;ll certainly keep our eye on that. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shane Higgins&#151;</B><B><I>Deutsche Bank&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All right. Great, guys. Thanks so much. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your next question comes from the line of Irene
Nattel with RBC Capital Markets. Please proceed. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Irene Nattel&#151;</B><B><I>RBC Capital Markets&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks, and good morning, gentlemen. Couple questions, if I may. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Just looking at the grocery category in the quarter. Bill, I think you mentioned that you did have double-digit growth in several key categories, but yet on a
consolidated basis, up 6.6%. So just wondering if you can provide a little bit more color on what seems to be working really well, and maybe what&#146;s lagging a little bit? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the grocery and general merchandise category, you&#146;re right. With respect to total sales within the grocery and general merchandise, every sub category
I guess, or sub area of this category was up either double-digits or very high single-digit from a sales perspective. That includes cigarettes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We were
up double-digit on a total sales basis. Most of that is unit growth, and that really drives the category, Irene. That represents about 35% of that particular category. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">7</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And so what&#146;s working well, when you look at cigarettes, some of the premium brand cigarettes over the
last quarter have really started to increase. And so that would be your Marlboros and your Camels of the world as a premium category. So those have escalated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also, we have seen a substantial increase in chewing tobacco, as well as snacks, healthy snack areas. So those things are doing very well. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The beverage category also is another one we called that out in the press release. That&#146;s up double-digit on a total sales, and double-digit on a gross
profit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And so we believe the new cooler set, going to 14 cooler doors from 9 cooler doors, is certainly paying dividends. And that&#146;s certainly
reflected in those numbers. Hopefully that helps. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Irene Nattel&#151;</B><B><I>RBC Capital Markets&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s very helpful, which brings me for my next question. As gas prices have rolled off, are you starting to see the average transaction value inside the
store rising a little bit? Because your customers are walking in with X dollars in their jeans, and now they have a little bit more left over? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have seen a slight uptick. I wouldn&#146;t say necessarily it&#146;s
a trend at this point, because it is a little bit too early to tell. But I think you&#146;re right on point, Irene. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Discretionary income in our customers
has increased because of lower retail prices. And even subsequent to the second quarter, we have seen retail prices drop significantly. Right now in our Ankeny area, we&#146;re below $2.40 per gallon, and we definitely have seen an increase in
gallons per transaction with respect to lower retail fuel prices. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And again, the premium cigarettes are really, as I mentioned, are really moving. And
that could be a function of having more dollars in our customers&#146; pockets, so they&#146;re trading to those types of brands. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Irene
Nattel&#151;</B><B><I>RBC Capital Markets&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s fascinating, thank you. And one final question, if I may. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You did call out the $5 million to $6 million incremental expense related to Obama care. Do you think that you&#146;ve got other operating initiatives that
could help offset that headwind? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, we do. We&#146;re obviously looking always at operating expenses. But one I did mention in the call, and that would be the pizza delivery program. One of
the benefits or the offsets to discontinuing some delivery stores and modifying is certainly a reduction in operating expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We&#146;ll keep an eye on
that as to the degree of magnitude, but that&#146;s something that&#146;s more than likely in future conference calls we&#146;ll report on and give you an idea. The other side of the operating expense thing I should point out would be on the health
insurance. We did have a little bit of an unusual quarter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We had about 12 to 15 high dollar health insurance claims roll through the second quarter to
the tune of about an incremental $1.5 million. We usually only see about half that in a given year, so we just &#151; it just happened to fall in that second quarter. A lot of it happened to fall in the month of October. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Irene Nattel&#151;</B><B><I>RBC Capital Markets&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s very helpful. Thank you. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">8</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your next question comes from the line of Chuck Cerankosky with Northcoast Research. Please proceed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles Cerankosky&#151;</B><B><I>Northcoast Research&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good morning, everyone. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hello, Chuck. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles Cerankosky&#151;</B><B><I>Northcoast Research&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Wanted to follow up. Bill, if you could reiterate what your current average gas price is across the Company, and did you say below $2 in the Ankeny area? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yes, I think we&#146;re at &#151; or the retail price, we&#146;re about $2.35, $2.39, right in that area, in the Ankeny area. That wouldn&#146;t be necessarily
the Company, but just to give you a point of perspective. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles Cerankosky&#151;</B><B><I>Northcoast Research&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. And the rest of the Company might be a little bit higher? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I can tell you that &#151; I mentioned in the call, the average retail price in the second quarter is $3.19. We have gone down from that subsequent to end of
the quarter. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles Cerankosky&#151;</B><B><I>Northcoast Research&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. And back to the cheese costs, if we&#146;re thinking about this, it&#146;s certainly on paper a nice decrease in your costs. Have you been through
something like this before? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And what do you anticipate from competitors? Do you start seeing more promotional activity out there? Or pizza prices
outright dropping? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No, the answer &#151; I don&#146;t think &#151; the answer would be no. We have seen similar drops over the course of my 25 years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We typically don&#146;t see significant drops in retail pricing from promotional activity. Most of the pizza chains are already doing promotional activity on
a continued basis. So don&#146;t anticipate price decreases as related &#151; retail price decreases related to that drop. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles
Cerankosky&#151;</B><B><I>Northcoast Research&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your next question comes from the line of Ben
Brownlow with Raymond James. Please proceed. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">9</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Brownlow&#151;</B><B><I>Raymond James&nbsp;&amp; Associates, Inc.&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hello, good morning. Thanks for taking the question. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hello, Ben. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Brownlow&#151;</B><B><I>Raymond James&nbsp;&amp; Associates, Inc.&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Just to follow up on one of the last questions, I know Dominos has been running a pretty aggressive online promotion. Have you not seen any impact on the sales
line from that promotion? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I can&#146;t speak specifically to whether that promotional activity had an impact on us, because we may not be a strong overlap with Dominos. We obviously
overlap in some of our communities. I will point out, for us, our same-store sales continued to be very strong. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unit movements continue to be very strong
in the pizza category, and they are very successful with their online ordering promotional activity. And so we&#146;re hopeful that we can continue to push our online ordering tests forward, and so we&#146;re excited coming up in the next several
years with that. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Brownlow&#151;</B><B><I>Raymond James&nbsp;&amp; Associates, Inc.&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And then just a last housekeeping question. On the credit card fees, if you have that in front of you, it seems like that would be a nice OpEx tailwind going
forward with lower fuel prices. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s a good point, Ben. Typically what we do see with lower retail fuel prices, we do typically see a lower utilization of credit cards. Now, credit
card utilization in the quarter was up about 15%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s probably a function more of the fuel saver program driving more gallons, and so we have
seen an uptick in utilization. So credit card fees in totality were $27.8 million in the quarter, and so we did see &#151; which we were up a little over $3 million respective to the comparison a year ago. But generally speaking, you&#146;re right
on point. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Brownlow&#151;</B><B><I>Raymond James&nbsp;&amp; Associates, Inc.&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great, thank you. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The next question comes from the line of Ben
Bienvenu with Stephens, Inc. Please proceed. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">10</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Bienvenu&#151;</B><B><I>Stephens Inc.&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks. Good morning, everyone. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Hello, Ben. How are you? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Irene Nattel&#151;</B><B><I>RBC Capital Markets&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good. Just wanted to get an update on the distribution center as it relates to timing, if anything&#146;s changed there. Are you still on pace? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And then also, do you have a feel for once that facility opens, how many stores will be transferred from the existing distribution center? And what sort of
remaining capacity might be left for either new stores or acquisitions in the market? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores
Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ben, good question. And it is on pace. It continues to be on pace for an opening in early calendar year 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">So that is on pace. When that goes online, it&#146;s anticipated about 40% of our store base will be transferred to that facility. So we&#146;ll have plenty
of capacity from that point forward in both facilities to grow our business. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben Bienvenu&#151;</B><B><I>Stephens Inc.&#151;Analyst</I></B><B>
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay, great. You mentioned the pizza test, the online pizza test. I&#146;d love to hear what you&#146;re learning there. How that&#146;s gone, and
where you feel the future of that going potentially? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Well, it&#146;s very preliminary. We&#146;ve only been testing it in a very, very small group here over the last month to two months. And when I say a small
group, it is specifically to individuals in the corporate office testing the system within the city of Ankeny. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And just to make sure that it does flow,
and that we don&#146;t have any problems from either end. So I really can&#146;t tell you how quickly we&#146;re going to roll that out. We&#146;re going to be deliberate in rolling that out. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certainly want to make sure that when it does go live, we have thought through all the aspects of that and have any bugs worked out of the program. So I would
say maybe that&#146;s a question for the next conference call. We&#146;ll update you as to where the progress is on the testing rollout. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben
Bienvenu&#151;</B><B><I>Stephens Inc.&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fair enough. Thanks. Then lastly, just housekeeping. I may have missed it in the
comments, but you mentioned that you&#146;re going to do 80 new pizza initiative upgrades next year for pizza delivery, 25 remodels. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I didn&#146;t hear
the number for 24 hours. Are you guys still working through conversions on 24 hours? Has that sort of tapered off? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For this year, for this fiscal year, those numbers are for this fiscal
year. Our plan coming into this fiscal year were to do 100 24-hour conversions. We actually did all of those in the month of May. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">11</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Typically we float those out throughout the year, but we made the decision to do it at that point. The 25
major remodels will be for this fiscal year, so we have about another 20 scheduled to open from where we&#146;re at. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And then 80 would be the total
number of pizza delivery programs rolled out this fiscal year. So we have about another 70 to continue to roll out. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ben
Bienvenu&#151;</B><B><I>Stephens Inc.&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great. Thanks for the clarifier. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You bet. Thanks, Ben. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your next question comes from the line of Brent Rystrom with Sidoti. Please proceed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brent Rystrom&#151;</B><B><I>Sidoti&nbsp;&amp; Company&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. Good morning. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Morning, Brent. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brent Rystrom&#151;</B><B><I>Sidoti&nbsp;&amp; Company&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Just quick couple of questions. Could you remind us, Bill, in a normal economic environment, so not in the recession years, but what impact lower gas prices
have on shopping in-store in frequency? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Well, typically several things happen with lower retail prices, generally speaking. One, you would typically see an increase in gallons per transaction, which
would be reflected in your same-store gallon movement, and we are seeing that currently. And generally speaking, I think Ben Brownlow had the question earlier about credit card utilization. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generally speaking, credit card utilization goes down with lower retail prices. In this case, we actually have seen an uptick in that. And it&#146;s a
function of more increased gallon movement, as well as higher retail prices on cigarettes, and quite frankly, other products. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Now, the other side effect
of that that we haven&#146;t talked about is same-store customer count. Retail prices, as you know and everybody on the call knows, has gone down in the last several months and continues to go down. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We typically see an uptick in same-store traffic. And over the last several months, we have seen that. In fact, the month of October, we saw a little over a
4% increase in same-store customer traffic. That&#146;s the highest it&#146;s been in about the last year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And so people are coming out and coming to our
stores, traveling a little bit more. And I think that&#146;s always a benefit for us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brent Rystrom&#151;</B><B><I>Sidoti&nbsp;&amp;
Company&#151;Analyst</I></B><B> </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">12</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Quick follow-up to that, historically, lower gas prices, retail prices have led to tighter gasoline
margins. Is that a headwind you see in the current quarter, or do the RENs and some of the other activities kind of offset that? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I don&#146;t necessarily equate that to a headwind. It&#146;s always
hard for me and anybody else to predict future gas margins. But I can tell you that currently the REN environment is roughly about $0.55 per REN. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Last
year, as I mentioned earlier, in the third quarter, the average REN value was $0.28. It was $0.47 in the fourth quarter. So assuming that REN value stays consistent at this point, there is a potential tailwind from the REN impact in both quarters.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also, it&#146;s really a function of the retail price in relation to the wholesale cost on the margin. And we have seen a relatively gradual wholesale
cost decline over the last two to three months. And typically speaking, Brent, that&#146;s a positive environment for our gas margin, and that&#146;s what we&#146;re seeing currently. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brent Rystrom&#151;</B><B><I>Sidoti&nbsp;&amp; Company&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. And then the last quick question. Anecdotally, it seems like weather so far to the start of this Winter has been better than last year, at least in our
area, down to your area, Minnesota, Iowa, Illinois, the Dakotas, Nebraska. There&#146;s so far a lot less snow. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It&#146;s easier to get around, that sort
of thing. Do you view weather this quarter so far as a tailwind? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B>
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It&#146;s hard to say. We&#146;re only halfway through the quarter. I will say November, I know you guys had a pretty significant snowstorm there, but
in November, the weather comparison to a year ago is a little bit more inclement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">So in a short period of time, i.e. a month, that can have a little bit
of a swing factor. But so far in December, it&#146;s been a good comparison from a weather perspective. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And you&#146;re right on point. Precipitation, in
this case snow, is certainly working to our favor across our market area. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Brent Rystrom&#151;</B><B><I>Sidoti&nbsp;&amp;
Company&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks, guys. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You bet. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Operator Instructions) </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your next question comes from the line of Stephen Grambling with Goldman Sachs. Please proceed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stephen Grambling&#151;</B><B><I>Goldman Sachs&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good morning. Just a quick follow-up to I think it was Irene&#146;s question. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">13</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You had said that you were potentially going to be offsetting some of the costs through scaling back maybe
pizza delivery. And I just wanted to make sure I heard that correct. And is that just more of a labor management initiative, or you actually have a couple of areas where you&#146;re planning to cut the offer entirely? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No, it&#146;s a labor management typically. As I mentioned, we&#146;re going to be discontinuing pizza delivery in a number of stores, and shortening the
window of delivery and days of the week of delivery. And certainly from a wage perspective, that&#146;s what would be your biggest impact. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There will be
probably a smaller impact on utilities obviously in that area, but that&#146;s going to be the biggest impact there. And then also, I did mention in Irene&#146;s question about somewhat of an anomaly with health insurance and those high dollar
claims coming through in the quarter. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stephen Grambling&#151;</B><B><I>Goldman Sachs&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Right. Okay. And then I guess changing gears a little bit, as you look at some of the new markets, can you just talk about some of the availability of
locations that are available as you move into some of those new markets that you discussed? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores
Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As far as going forward &#151; looking at the units that we&#146;re putting up this fiscal year and looking ahead. We think
there&#146;s certainly strong opportunities in some of the newer states that we have penetrated over the last several years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Roughly about half of the
locations are going to be coming into those newer states, and so certainly we believe there&#146;s opportunities to geographically grow our business. But at the same time, Stephen, I think there&#146;s opportunities to do a lot of infill work as
well, both acquisition and new store construction. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stephen Grambling&#151;</B><B><I>Goldman Sachs&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">And so on those new markets, is it primarily going to be organic, or is it more likely going to be an acquisition-type strategy? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the near term, it&#146;s going to be more organic. But we are looking at and continue to look at acquisition opportunities in those areas. Especially as we
have a second distribution center coming online in a little over a year. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Stephen Grambling&#151;</B><B><I>Goldman Sachs&#151;Analyst</I></B><B>
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Great. Thank you so much. Best of luck. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks, Stephen. Thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Your next question comes from the line of Chuck
Cerankosky with Northcoast Research. Please go ahead. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles Cerankosky&#151;</B><B><I>Northcoast Research&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thanks, guys. Sorry about my questions ending inadvertently the last time I was on. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">14</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper&#151;</B><B><I>Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">That&#146;s all right. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles
Cerankosky</B><B><I>&#151;Northcoast Research&#151;Analyst</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">But I did have one more, Bill. That 19% increase in enrollment, is there any way
to translate that into dollars of operating expense going forward, per quarter or a fiscal year basis? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper</B><B><I>&#151;Casey&#146;s
General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Well, we believe the impact &#151; the 19% increase predominantly was related to the fact that we were required
to have an open enrollment period for the Affordable Care Act. And as a result of that, we anticipate about a $5 million to $6 million incremental impact over the next &#151; basically it would be calendar year 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Charles Cerankosky</B><B><I>&#151;Northcoast Research&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All right. Thank you. And good quarter, by the way. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill
Walljasper</B><B><I>&#151;Casey&#146;s General Stores Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you very much. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Next question comes from the line of Anthony
Lebiedzinski with Sidoti. Please proceed. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Anthony Lebiedzinski</B><B><I>&#151;Sidoti&nbsp;&amp; Company&#151;Analyst</I></B><B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Good morning. I was actually cut off for a couple minutes actually from the call, so these questions may have been answered already. But I just wanted to check
in. Have you actually locked in any cheese prices or any other commodity items? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Bill Walljasper</B><B><I>&#151;Casey&#146;s General Stores
Inc&#151;CFO</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Currently, we&#146;re not locked into a forward buy. That is something that we, as you know, Anthony, you&#146;ve been
following for us a while, we continue to look at. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are looking stronger and stronger at that opportunity right now. And so, as we &#151; we&#146;ll
continue to evaluate that as we look at the cheese price environment. But currently right now, we&#146;re not locked in on any cheese or any other commodity. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B><B>Anthony Lebiedzinski</B><B><I>&#151;Sidoti&nbsp;&amp; Company&#151;Analyst </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Got it, okay. And also, as far as your fuel gallon comps, can you just break out like the same-store gallons with the Hy-Vee store, the Hy-Vee-related stores
versus the non-Hy-Vee impact at stores? </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B><B>Bill Walljasper</B><B><I>&#151;Casey&#146;s General Stores Inc&#151;CFO </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sure. For the quarter, the Hy-Vee, the fuel saver stores were up about 2.5% on a same-store gallon movement. And the non-fuel saver stores were up about 1.9%.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">15</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B></B>DECEMBER 11, 2014 / 03:30PM GMT, CASY - Q2 2015 Casey&#146;s General Stores Inc Earnings Call
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B><B>Anthony Lebiedzinski</B><B><I>&#151;Sidoti&nbsp;&amp; Company&#151;Analyst </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. Got it. Okay. And as far as the store base, how many store closings do you expect in FY15? </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B><B>Bill Walljasper</B><B><I>&#151;Casey&#146;s General Stores Inc&#151;CFO </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Really don&#146;t have an estimate of closing. We evaluate that throughout the fiscal year. When we do close stores, we try to make that transparent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">So there was no goal I&#146;d say or an expectation of closing. So I really don&#146;t have an answer specifically in that regard. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B><B>Anthony Lebiedzinski</B><B><I>&#151;Sidoti&nbsp;&amp; Company&#151;Analyst </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Okay. All right. Thank you very much. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B><B>Bill
Walljasper</B><B><I>&#151;Casey&#146;s General Stores Inc&#151;CFO </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no further questions in queue at this
time, Bill. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B><B>Bill Walljasper</B><B><I>&#151;Casey&#146;s General Stores Inc&#151;CFO </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Well, thank you, everybody, for joining us. And just again as a reminder, we will release same-store sales on Monday December&nbsp;15th for the month of
November. Again, thanks for joining us, and have a great week. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operator </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and gentlemen, thank you for participating in today&#146;s conference. That concludes the presentation. You may now disconnect. Have a great day. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>DISCLAIMER </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thomson Reuters reserves the right to make
changes to documents, content, or other information on this web site without obligation to notify any person of such changes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the conference calls
upon which Event Transcripts are based, companies may make projections or other forward-looking statements regarding a variety of items. Such forward-looking statements are based upon current expectations and involve risks and uncertainties. Actual
results may differ materially from those stated in any forward-looking statement based on a number of important factors and risks, which are more specifically identified in the companies&#146; most recent SEC filings. Although the companies may
indicate and believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect and, therefore, there can be no assurance that the results contemplated in the
forward-looking statements will be realized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THE INFORMATION CONTAINED IN EVENT TRANSCRIPTS IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY&#146;S
CONFERENCE CALL AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE CONFERENCE CALLS. IN NO WAY DOES THOMSON REUTERS OR THE APPLICABLE
COMPANY ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY EVENT TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY&#146;S CONFERENCE CALL ITSELF AND THE
APPLICABLE COMPANY&#146;S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:85%; vertical-align:top">&copy;</SUP> 2014
Thomson Reuters. All Rights Reserved. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THOMSON REUTERS STREETEVENTS | <U>www.streetevents.com</U> | <U>Contact
Us</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">&copy; 2014 Thomson Reuters. All rights reserved. Republication or
redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. &#145;Thomson Reuters&#146; and the Thomson Reuters logo are registered trademarks of Thomson
Reuters and its affiliated companies.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">16</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="right">


<IMG SRC="g837221g88q62.jpg" ALT="LOGO">
</P></TD></TR></TABLE>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g837221g88q62.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g837221g88q62.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!X17AI9@``34T`*@````@`!@$Q``(`
M```1````5@,!``4````!````:`,#``$````!`@```%$0``$````!`0```%$1
M``0````!```.Q%$2``0````!```.Q`````!-:6-R;W-O9G0@3V9F:6-E````
M`8:@``"QC__;`$,`"`8&!P8%"`<'!PD)"`H,%`T,"PL,&1(3#Q0=&A\>'1H<
M'"`D+B<@(BPC'!PH-RDL,#$T-#0?)SD].#(\+C,T,O_;`$,!"0D)#`L,&`T-
M&#(A'"$R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,O_``!$(`"H`P`,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0``
M`````````0(#!`4&!P@)"@O_Q`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%
M$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U
M-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*
MDI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:
MX>+CY.7FY^CIZO'R\_3U]O?X^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#
M!`4&!P@)"@O_Q`"U$0`"`0($!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q
M$R(R@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%
M1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8
MF9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?H
MZ>KR\_3U]O?X^?K_V@`,`P$``A$#$0`_`/=K@6]M;R3O"I6-2Q"H"<"JENPO
M&M[R$1K9O&28GB&\GUK,NK^&]UX-!J,T2V`+3PA#AP#SCU]*UX)D<+-)+#(W
M^L0LNPQQ-TKA]O[2=D]%Y]NNC^5K'6Z/LX*ZU?\`7;YW!+6`0JBVKO&RF3=(
MV"#G('/(J`R0)/')-:O!))`S$L`T4>.>3TS5.XG:6<PQQF61$\MRRM(X4D[@
MVWCD#CO5)H;U(S$BQ+(\8MDC=R8"-Q^7:>=V!U/%8RK-?"OZ^[]>IK"@G\3_
M`*_KR->WO;>(6-O<>7<S70)66&(;#6KY$/\`SRC_`.^17')>,LBV]K=SBVOE
M\FV6*$J+=@<$\\XS^AS6SX;U"">V:R2[DN9[;[\CJ1N&3TSVK3"XJ\E3D_37
M_@W=][BQ&%<8\Z_K\-+;6-CR(?\`GE'_`-\BCR(?^>4?_?(IY8*I9B`!U)J-
M;B!V"K-&S'H`PR:]`X!?(A_YY1_]\BCR(?\`GE'_`-\BE\V/R_,WKL_O9XI7
MD2,`NZJ#T+'%`#?(A_YY1_\`?(H\B'_GE'_WR*>75<98#<<#)ZT%E!`+`%N@
M)ZT`,\B'_GE'_P!\BCR(?^>4?_?(I3+&)/+,B!_[NX9I6D1&"LZJ6Z`G&:`&
M^1#_`,\H_P#OD4>1#_SRC_[Y%/+J&"E@&;H">30&4L5#`D=1GI0`SR(?^>4?
M_?(H\B'_`)Y1_P#?(H:>)7V-*@;T+#-*\L<0!D=4!Z;CB@!/(A_YY1_]\BCR
M(?\`GE'_`-\BE$L;;=KJ=WW<'K]*&FB3.Z1%QURP&*`$\B'_`)Y1_P#?(H\B
M'_GE'_WR*%GA<D)+&V!DX8'%"3Q29V2HV.3M8'%`!Y$/_/*/_OD4HAB!!$2`
MCH0HH2:*4D1R(Y'7:P-'FQB3RS(F_P#N[AG\J`.&,]_;IJ5Q?(+&0R(/.MHE
M,A)/3@\@CN:Z>*\#RS*)W8JR*/,CV8RO`!_BR>WO6'?6%O8:W+#%)="XU-2H
MD`!6+)_,\C\!389+PQ^6@O9;B$_9&26;RQ(N22Z]\C\>U>'3E*E)Q?\`GW[>
M3OM^.WM5(1JQ4E_EV_RMO^!U=C"D-I&J#J,L>Y;N3ZFHKTH94BSAI$8G!(.`
M.N1SUQ6'%J-W*2+659%=G561@A=@<8VOU(!!)]JOZ?`RNTAD\V27<P<N6WA3
M\OS#@#D_+CO7:J\9Q4(HXI47!N<F4M9B989&>?4E_P!+0CRE!`R.B_[/]:=H
M@OX]?OU>S@BM2QR\:@9.>.1U..M7;UQ;!K@+=B*T!G_=OE9B>J_056\+:?;1
M0RZC;F<?:C]R7'RX)_/ZUC&#>)C;U^7ZZNW0V]HOJ\K^G]?)7ZFY<V\-W;26
M]Q&LD,B[71NC#TKC/#.AZ7'XCUUTL85:SNE%N0/]5\@Z5W%11VT$,DLD4,:/
M*=TC*H!<],GUKU3S#RLOK'_"LKA!!9?V9E\R&1O-QYOIC'7WK>GM])O_`!KJ
M,.O-$T4-I";6.XDVH%(.\KSC.>]=E_9]E]C-G]D@^RGK#Y8V'G/3IUYIMYI6
MGZCL^VV5O<;/N^;&&V_3-`'E[1W=_P"'-&M[:X<,-5E6QE<D_*H)3GN,C%7(
M=1O=>\5:#JMS&UO"EP;6.%O[X0F1OSX_"O2#96I$(-M"1`<PC8/W9Z?+Z?A3
MI+:":2*26&-WB;=&S*"4/J/0T`>;R6=CH.K":_@T_5XI[[Y;A)?]*B9FXRN>
M<'TJQ]FT2^OO$TNOR1F[@G=8O/EVM'$%^0IS_*NV30]*CO/MB:;:+<[MWFB%
M=V?7..M.NM(TV^G6>[L+:>5/NO)$K$?B:`/-WMM3U:'PPZ3R+JD6G2W$+/U9
ME9=H/U''XUT7@S5$UK6]:OT0QF1;</&PY1PI##\"#77&V@,Z3F&,S1J51]HW
M*#U`/84V"SM;:262WMHHGF;=(R(%+GU..M`'F6M1(=;\57,FB1ZBL/EYD:3:
MT&4Z@=3Z\>E.OK>0W_ANVEDL=1"Z:S!KV4B%SD?-GUQC%>F+:6RO,ZV\0>?_
M`%K!!F3C'S>O'K5:;0]*N+>*";3;5X8<B-&B7"9]!CB@#E&,-AJ_A-Y5LK6$
M?:4/V9\P*Q'`#'U_G4NG6>GZYXJ\2">**\L]UN,GYEWJA[^HKJ3I.G-8+8FQ
MMC:+R(3$-@_"I;2RM;&`06EO%!$#G9&@4?I0!YG9:?9P?"F_U&&!$O'BDC>=
M!\Q7S,8S]!6C9VJV^@ZLXL]%@)TUP'L92TA^7^+V_K7=)8VD=H;1+6%;9@08
M@@"'/7CI5>VT+2;/S/LVFVD7FH4DV1*-RGJ#ZCVH`\[T.U":OX85--ATN1X_
M.^UK+G[6H7E,#N<YP:MV]C::'KUN;J+3M5%Q?A8KQ)O])B=F^7<N>0#Z5Z";
M&T9($:UA*VY!A!08C(Z%?3\*@CT32H;S[7%IMHESDMYJPJ&R>^<=:`+5S"9[
M>2)9&C9E*AUZKGN*R_[-475A#/%-<R6\;%+UF^ZWN.],\^;_`)ZR?]]&CSYO
M^>LG_?1K&I1C-W?]:W_I[FD*LH*R)[:-=EK*UU!<I"75YY$`8L3C@]O3WJQ&
M5C9+<R)YR(SF&)0H8'VK(GD=[?:SLR[@<$\=:F\^7S,^:^<?WC6,(V?*O+O_
M`)^2[ERE=7?G_7XEF&UENC97(,UDL((-J,8(]ZU0`!@#`K#\^;_GK)_WT://
MF_YZR?\`?1KHITE36G]?UY&<YN;-RBL/SYO^>LG_`'T://F_YZR?]]&M"#<H
MK#\^;_GK)_WT://F_P">LG_?1H`W**P_/F_YZR?]]&CSYO\`GK)_WT:`-RBL
M/SYO^>LG_?1H\^;_`)ZR?]]&@#<HK#\^;_GK)_WT://F_P">LG_?1H`W**P_
M/F_YZR?]]&CSYO\`GK)_WT:`-RBL/SYO^>LG_?1H\^;_`)ZR?]]&@#<HK#\^
M;_GK)_WT://F_P">LG_?1H`W**P_/F_YZR?]]&GPS2F>,&5R"PR"Q]:`/__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
