George Weston Ltd. http://www.alacrastore.com/company-snapshot/George_Weston_Ltd-1018207 Friday, October 10, 2008 11:24:48 PM 1018207 George Weston Ltd. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/ccbn/T1895275ccbn/T1895275norm...Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the George Weston Limited second-quarter results conference call. At this time, all participants are in a listen only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. (Operator Instructions). I would like to remind everyone that this conference call is being recorded on Tuesday, July ##, #### at ## A.M. Eastern time and will now turn the conference over to Mr. Geoff Wilson, Senior Vice President-Shared Services. Please go ahead, sir. ... 7/29/2008 12:06:00 PMGeorge Weston Limited54.0000FinalGeorge Weston Limited Q2 2008 Earnings Conference Call TranscriptWN.TO11:00am ETTranscriptT1895275Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/658501spcred/658501normThe latest Full Report from S&Pglobal7/8/2008 3:27:00 PM400Full Report658501CanadaFood RetailCanadaGlobal IssuersCorporationsRetailFull ReportStrong market position in food distribution (Loblaw Companies Ltd.) Solid presence in food processing (Weston Foods) Substantial financial flexibility Significant brand equity High-quality store portfolio World-class, controlled-label program under President's Choice brand Credit ratios weak for ratings Weakness in performance at Loblaw Somewhat limited growth potential in Canadian food distribution Highly competitive operating environment for both food distribution and processing The ratings on Toronto-based George Weston Ltd. reflect the company's strong market position in food distribution through its equity interest in publicly traded Loblaw Companies Ltd. (BBB/Negative/--), its solid market presence in food processing through Weston Foods' baking and dairy operations, and the financial flexibility afforded by its liquid Loblaw holdings. These factors are partially offset by George Weston's creditCAN96115096114837257R96114Z96115Z30101030 301010 3010 30George Weston Ltd.348721CANWN@CNFULLCAN53953974406953947Z5394815395385395Z974395130101030 301010 3010 30Loblaw Companies Ltd.348724CANL@CNGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/658502spcred/658502normThe latest Summary from S&Pglobal7/8/2008 3:27:00 PM175Summary658502CanadaFood RetailCanadaGlobal IssuersCorporationsRetailSummaryThe ratings on Toronto-based George Weston Ltd. reflect the company's strong market position in food distribution through its equity interest in publicly traded Loblaw Companies Ltd. (BBB/Negative/--), its solid market presence in food processing through Weston Foods' baking and dairy operations, and the financial flexibility afforded by its liquid Loblaw holdings. These factors are partially offset by George Weston's credit protection measures, which are weak for the ratings, revenue and earnings softness at Loblaw, and by the highly competitive operating environment in both food distribution and processing. While the ratings on George Weston and its 62%-owned subsidiary Loblaw are currently the same, the rating relationship between the two remains one of linkage, not equalization, with each rating jointly influenced byCAN96115096114837257R96114Z96115Z30101030 301010 3010 30George Weston Ltd.348721CANWN@CNSUMMARYGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1821640ccbn/T1821640norm...Good morning, ladies and gentlemen. Welcome to the George Weston Limited first-quarter results conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. (OPERATOR INSTRUCTIONS). I would like to remind everyone that this conference is being recorded today, Tuesday, May #, #### at ## AM Eastern time. I would now like to turn the conference over to Mr. Geoff Wilson, Senior Vice President, Investor Relations and Public Affairs. Please go ahead, sir. ... 5/6/2008 1:06:00 PMGeorge Weston Limited54.0000FinalQ1 2008 George Weston Limited Earnings Conference Call TranscriptWN.TO11:00am ETTranscriptT1821640Credit & Investment ResearchThomson StreetEventsCANADA - In May ####, the board of George Weston Ltd (GW), a producer of bread and bakery products, authorized the repurchase of up to #.### mil common shares, or about #% of the company's common stock outstanding, through a normal course issuer bid. Based on GW's closing stock price of ##.## Canadian dollars ($##.### US) on May #, the last full trading day prior to the announcement of the board's approval, the buyback had an indicated value of up to C$###.### ($###.### mil) in cash.5/6/2008 12:02:37 PM961148961148961148961148George Weston LtdGeorge Weston LtdGeorge Weston LtdGeorge Weston Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/George_Weston_Ltd_buys_back_stock-1974811040sdc/19748110401974811040Copyright © 2008, Thomson Financial, All Rights ReservedTorontoFood and Kindred ProductsCanadaBread and other bakery products, except cookies2051FFForeignPublicWN2013:Sausages and other prepared meat products2051:Bread and other bakery products, except cookies2052:Cookies and crackers2091:Canned and cured fish and seafoods5411:Grocery stores6719:Offices of holding companies, nec2013:Sausages and other prepared meat products2051:Bread and other bakery products, except cookies2052:Cookies and crackers2091:Canned and cured fish and seafoods5411:Grocery stores6719:Offices of holding companies, necTorontoFood and Kindred ProductsCanadaBread and other bakery products, except cookies2051FFForeignPublicWN404530001Produce breads,bakery prodsProduce breads,bakery prodsCashCash OnlyCommon Stock404530001May 6 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000George Weston Ltd, located inToronto, Ontario, producesbread and bakery productsincluding biscuits and cakes.The holding company also ownsand operates grocery stores.It was founded in 1982.George Weston Ltd, located in Toronto, Ontario, producesbread and bakery products including biscuits and cakes. Theholding company also owns and operates grocery stores. Itwas founded in 1982.George Weston Ltd, located in Toronto, Ontario, produces bread and bakery products including biscuits and cakes. The holding company also owns and operates grocery stores. It was founded in 1982.1.000002.000003.000004.000005.000006.000007.00000George Weston Ltd, located inToronto, Ontario, producesbread and bakery productsincluding biscuits and cakes.The holding company also ownsand operates grocery stores.It was founded in 1982.George Weston Ltd, located in Toronto, Ontario, producesbread and bakery products including biscuits and cakes. Theholding company also owns and operates grocery stores. Itwas founded in 1982.George Weston Ltd, located in Toronto, Ontario, produces bread and bakery products including biscuits and cakes. The holding company also owns and operates grocery stores. It was founded in 1982.0.000000.000000.00000129.07000NCanadian Dollar02 May 08Fri, 02 May 2008 00:00:00 ESTDate Announced: 05/02/2008Date Effective:BuybackNot Appl.0.000000.000000.000000.000000.0000050.95000Price/Share0.00000328.817 Canadian Dollar328.817006576.34700328.817 Canadian Dollar328.817000.000000.0000049.9950049.99500328.81700328.817 Canadian Dollar0.98100N163.659000.000000.000000.000000.000000.00000322.65400322.654000.000000.000000.000000.000000.000000.000000.000005.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.00000CANADA - In May 2008, theboard of George Weston Ltd(GW), a producer of bread andbakery products, authorizedthe repurchase of up to 6.454mil common shares, or about 5%of the company's common stockoutstanding, through a normalcourse issuer bid. Based onGW's closing stock price of50.95 Canadian dollars($49.995 US) on May 1, thelast full trading day prior tothe announcement of theboard's approval, the buybackhad an indicated value of upto C$328.817 ($322.654 mil) incash.CANADA - In May 2008, the board of George Weston Ltd (GW), a producer of bread and bakery products, authorized the repurchase of up to 6.454 mil common shares, or about 5% of the company's common stock outstanding, through a normal course issuer bid. Based on GW's closing stock price of 50.95 Canadian dollars ($49.995 US) on May 1, the last full trading day prior to the announcement of the board's approval, the buyback had an indicated value of up to C$328.817 ($322.654 mil) in cash.CANADA - In May 2008, the board of George Weston Ltd (GW), a producer of bread and bakeryproducts, authorized the repurchase of up to 6.454 mil common shares, or about 5% of thecompany's common stock outstanding, through a normal course issuer bid. Based on GW'sclosing stock price of 50.95 Canadian dollars ($49.995 US) on May 1, the last full tradingday prior to the announcement of the board's approval, the buyback had an indicated valueof up to C$328.817 ($322.654 mil) in cash.CANADA - In May 2008, the board of George Weston Ltd (GW), a producer of bread and bakery products, authorized the repurchase of up to 6.454 mil common shares, or about 5% of the company's commonstock outstanding, through a normal course issuer bid. Based on GW's closing stock price of 50.95 Canadian dollars ($49.995 US) on May 1, the last full trading day prior to the announcement of theboard's approval, the buyback had an indicated value of up to C$328.817 ($322.654 mil) in cash.CANADA - In May 2008, the board of George Weston Ltd (GW), a producer of bread and bakery products, authorized the repurchase of up to6.454 mil common shares, or about 5% of the company's common stock outstanding, through a normal course issuer bid. Based on GW's closingstock price of 50.95 Canadian dollars ($49.995 US) on May 1, the last full trading day prior to the announcement of the board's approval,the buyback had an indicated value of up to C$328.817 ($322.654 mil) in cash.Intended0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Intended-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002013:Sausages and other prepared meat products2051:Bread and other bakery products, except cookies2052:Cookies and crackers2091:Canned and cured fish and seafoods5411:Grocery stores6719:Offices of holding companies, nec404530001TorontoCanada2051ForeignPublicWN2013:Sausages and other prepared meat products2051:Bread and other bakery products, except cookies2052:Cookies and crackers2091:Canned and cured fish and seafoods5411:Grocery stores6719:Offices of holding companies, nec404530001TorontoCanada2051ForeignPublicWN322.65400328.81700322.65400163.65900Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/641597spcred/641597normThe latest News from S&P4/8/2008 1:24:16 PMNews100global641597CanadaFood RetailCanadaGlobal IssuersCorporationsRetailNewsTORONTO (Standard&Poor's) April 8, 2008--Standard&Poor's Ratings Services today said it affirmed its ratings, including the 'BBB' long-term corporate credit rating, on Toronto-based George Weston Ltd. At the same time, we removed the ratings from CreditWatch, where they were placed Nov. 15, 2007, following Loblaw Companies Ltd.'s (BBB/Negative/--) announcement of its very weak performance. The outlook is negative. "We base the affirmation on our current assessment of the interplay between George Weston's main credit factors, namely the performance of its 62%-owned subsidiary Loblaw, the performance of Weston Foods, and the financial flexibility of the parent company," said credit analyst Lori Harris. Although this affirmation indicates that George Weston and Loblaw are rated the same, the rating relationshipCAN96115Z96114837257R96114Z30101030 301010 3010 30George Weston Ltd.348721CANWN@CNNEWSGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/641598spcred/641598normThe latest Research Update from S&P4/8/2008 1:24:16 PMResearch Update175global641598CanadaFood RetailCanadaGlobal IssuersCorporationsRetailResearch UpdateOn April 8, 2008, Standard&Poor's Ratings Services affirmed its ratings, including the 'BBB' long-term corporate credit rating, on Toronto-based George Weston Ltd. At the same time, we removed the ratings from CreditWatch, where they were placed Nov. 15, 2007, following Loblaw Companies Ltd.'s (BBB/Negative/--) announcement of its very weak performance. The outlook is negative. We base the affirmation on our current assessment of the interplay between George Weston's main credit factors, namely the performance of its 62%-owned subsidiary Loblaw, the performance of Weston Foods, and the financial flexibility of the parent company. Although this affirmation indicates that George Weston and Loblaw are rated the same, the rating relationship between the two remains one of linkage, not equalization, withCAN96115Z96114837257R96114Z30101030 301010 3010 30George Weston Ltd.348721CANWN@CNRESUPDCAN5394815395385395Z953953974395153947Z74406930101030 301010 3010 30Loblaw Companies Ltd.348724CANL@CNGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1747937ccbn/T1747937normQ# #### George Weston Limited Earnings Conference Call2/14/2008 4:05:46 PMGeorge Weston Limited106.0000FinalQ4 2007 George Weston Limited Earnings Conference Call TranscriptWN.TO11:00am ETTranscriptT1747937Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1683407ccbn/T1683407norm12/31/2007 5:21:13 PMGeorge Weston Limited54.0000FinalQ3 2007 George Weston Limited Earnings Conference Call TranscriptWN.TO11:00am ET...Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the George Weston Limited third-quarter results conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. (OPERATOR INSTRUCTIONS). I would like to remind everyone that this conference call is being recorded today, Tuesday, November ##, ####, at ## AM Eastern time for replay purposes. I would now like to turn the conference over to Mr. Geoff Wilson, Senior Vice President of Shared Services. Mr. Wilson, please go ahead. ... TranscriptT1683407Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/616103spcred/616103normThe latest Summary from S&P11/29/2007 6:35:00 PMSummary175global616103CanadaFood RetailCanadaGlobal IssuersCorporationsRetailSummaryThe ratings on George Weston Ltd. reflect the company's strong market position in food distribution through its 62% equity interest in Loblaw Companies Ltd. (Loblaw; BBB+/Watch Neg/--), its solid market presence in food processing through its wholly owned Weston Foods baking and dairy operations, and the financial flexibility afforded by its liquid Loblaw holdings. These factors are partially offset by George Weston's credit protection measures, which are weak for the ratings; revenue and earnings softness at Loblaw; and by the highly competitive operating environment in both food distribution and processing. The CreditWatch placement followed Loblaw's announcement of its very weak third-quarter performance (ended Oct. 6, 2007). Despite third-quarter sales growth of 1.4% on a 1.6% same-store sales increase compared withCAN96114Z96115Z96114837257R30101030 301010 3010 30George Weston Ltd.348721CANWN@CNSUMMARYCAN53947Z5394815395385395395395Z974395174406930101030 301010 3010 30Loblaw Companies Ltd.348724CANL@CNGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/616093spcred/616093normThe latest Full Report from S&P11/29/2007 6:35:00 PMFull Report400global616093CanadaFood RetailCanadaGlobal IssuersCorporationsRetailFull ReportStrong market positions in food distribution (Loblaw Companies Ltd.) and food processing (Weston Foods) Significant brand equity High-quality store portfolio World-class, controlled-label program under President's Choice brand Credit ratios weak for ratings Weakness in performance at Loblaw Somewhat limited growth potential in Canadian food distribution Highly competitive operating environment for both food distribution and processing The ratings on George Weston Ltd. reflect the company's strong market position in food distribution through its 62% equity interest in Loblaw Companies Ltd. (Loblaw; BBB+/Watch Neg/--), its solid market presence in food processing through its wholly owned Weston Foods baking and dairy operations, and the financial flexibility afforded by its liquid Loblaw holdings. These factors are partially offset by George Weston's credit protection measures,CAN96114Z96115Z96114837257R30101030 301010 3010 30George Weston Ltd.348721CANWN@CNFULLCAN53947Z5394815395385395395395Z974395174406930101030 301010 3010 30Loblaw Companies Ltd.348724CANL@CNGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Research