Alimentation Couche-Tard (ATD) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Executive Chairman, with roles and procedures outlined, including the appointment of scrutineers and confirmation of quorum.

• Agenda included receipt of audited financial statements, appointment of auditor, election of directors, advisory vote on executive compensation, and review of three shareholder proposals.

• Voting procedures and eligibility were explained, with electronic ballots and Q&A protocols established.

Financial performance review

• Total gross profit grew at a 9% annualized rate since 2016, reaching nearly $14.5 billion; EBITDA grew 11.7% annually, hitting $7 billion.

• Adjusted diluted EPS reached $3.10, and shareholder equity grew over 12% per year since 2016.

• Over the past decade, shares increased by more than 200%, outperforming the main Canadian benchmark index.

• Fiscal 2026 EBITDA increased by 18.2% to over $7 billion, with cash flows exceeding $3.1 billion.

• Return on capital employed reached 13.7%, and free cash flow CAGR was 12.2% from 2016 to 2026.

Board and executive committee updates

• Sixteen directors were nominated and elected, with no additional nominations received.

• Executive leadership reaffirmed commitment to company culture, decentralized operations, and strategic focus.