Canadian Tire Corporation Ltd Fireside Chat Hosted by Scotia Capital Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : You shared some insights into consumer data in Q2, and we saw traffic holding steady. We saw inventory down. We saw margins flat overall. But the consumer has weakened. So as you think of the balance of the year, can you maybe talk about how you're positioned and what actions you're taking in case we go through a softer patch?

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And you think we're in the same environment this time like we could see a bounce back in the comps as well, somewhere to '08, '09? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 20, 2023 / 2:40PM, BNS.TO - Canadian Tire Corporation Ltd Fireside Chat Hosted by Scotia Capital

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Thanks for that. Susan, great to have you here. I know it's your first back-to-school conference. Can you give us a little bit of an overview of your role in your portfolio, please?

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Thanks for that. And you spoken about the differentiated model, customer data, loyalty assets. Can you help investors understand what's different with your customer-facing capabilities now versus past recessions?

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Yes.

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Let's hope.

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : That's helpful. And I think you touched on credit card data. It's probably a good segue to talk a little bit about the bank. Gregory, can you help us -- talk to us a little bit about how we're navigating the bank and a more challenging, call it, macroeconomic environment.

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : That's wholesome. Thanks for that. Moving on to the guidance. I think you guys were through your financial aspirations Q2, given the context of the consumer. Can you just remind us the rationale behind that? And perhaps what is the softer economic patch, help us realign focus, if at all? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 20, 2023 / 2:40PM, BNS.TO - Canadian Tire Corporation Ltd Fireside Chat Hosted by Scotia Capital

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Can you just [give] a little bit of sneak peek into what those areas could be to reduce spend a little bit? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 20, 2023 / 2:40PM, BNS.TO - Canadian Tire Corporation Ltd Fireside Chat Hosted by Scotia Capital

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Great. And then you mentioned that you oversee the digital experience for the organization. Can you tell us a little bit more about where we are on that journey and what we're doing to stay relevant, perhaps?

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Great. Thanks a lot for that. Capital allocation question for you. I know we're going to get more details in Q3. But if you had an extra $1 to spend today, where would you spend it?

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Great place to leave it. So thank you very much, Gregory. I appreciate it.

Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst : Thank you.