Financial Data and Key Metrics Changes - Total case volume increased by 8.4% in Q2 2021 compared to the prior year, driven by the acquisition of Reinhart. Excluding Reinhart, case volume declined by 16.9% [26][27] - Net sales grew by 12.8% in Q2 2021 to $6.8 billion, with Reinhart contributing approximately $1.3 billion to net sales [27] - Gross profit increased by 14% to $811.1 million, with gross profit margin at 11.8%, slightly up from 11.7% in the prior year [29] - Net income declined by 57.3% year-over-year to $17.6 million, while adjusted EBITDA rose by 10.6% to $158 million [32] Business Line Data and Key Metrics Changes - Food service segment net sales grew by 27% to $4.9 billion, with EBITDA increasing by 36.7% to $155.3 million [33] - Vistar segment net sales decreased by 11.9% to $2 billion, with EBITDA declining by 31.6% [33] Market Data and Key Metrics Changes - Independent case volume rose by 26.5% including Reinhart, and was down only 5% when excluding the acquisition [26][27] - The company noted a modest rebound in sales trends in January 2021, aligning more closely with year-over-year comparisons from October and November 2020 [9][18] Company Strategy and Development Direction - The integration of Reinhart is progressing as expected, with anticipated annualized cost synergies of approximately $15 million by the third full fiscal year post-acquisition [11] - The company is focused on long-term growth, investing in capacity and expansion into new lines of business, while maintaining a disciplined approach to capital allocation [20][37] - The company aims to leverage its strong liquidity position of about $1.9 billion to pursue potential M&A opportunities in the future [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a surge in restaurant volume once public gatherings become more comfortable, preparing for this with appropriate inventory levels [10][39] - The company anticipates a slower recovery in certain segments like theater and office coffee services, but expects overall profitability to improve as conditions normalize [15][39] - Management highlighted the importance of community support and ESG initiatives during challenging times, reflecting a commitment to social responsibility [22] Other Important Information - The company reported a significant focus on safety and health, which contributed to lower operating expenses due to improved medical and safety experience rates [30][108] - The company published its first annual ESG report, emphasizing sustainability and social responsibility as key focus areas [22] Q&A Session Summary Question: Growth in Independent Sales - Management noted that several markets are experiencing growth in independent sales compared to the previous year, particularly in warmer areas, while some major markets remain challenged [44] Question: Vistar Business Performance - Management indicated gradual improvement in sales for Vistar, with significant contributions from the Eby-Brown convenience store business [49][51] Question: Investment for COVID Recovery - Management emphasized a long-term investment strategy, focusing on capacity and avoiding disruptions during recovery, while being prepared for potential labor market challenges [56][60] Question: Profitability by Channel in Vistar - Management confirmed that Vistar's profitability remains strong, with concerns primarily around theater and office coffee service channels, but potential growth in micro markets [70] Question: M&A Opportunities - Management is actively looking for acquisition opportunities that align culturally and strategically, similar to past successful acquisitions like Reinhart [74][76]

Core-Mark Holding Company, Inc. (CORE) Q3 2020 Earnings Conference Call November 5, 2020 9:00 AM ET Company Participants David Lawrence - Vice President, Treasury & Investor Relations Scott McPherson - President & Chief Executive Officer Chris Miller - Chief Financial Officer Conference Call Participants Ben Bienvenue - Stephens Inc. Kelly Bania - BMO Capital Markets Operator Welcome to the Core-Mark's Third Quarter 2020 Investor Call. My name is Vanessa, and I'll be your operator for today's call. At this ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37578 Performance Food Group Company (Exact name of registrant as specified in its charter) Delaware 43-1983182 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 27, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37578 Performance Food Group Company (Exact name of registrant as specified in its charter) Delaware 43-1983182 (State or other jurisdiction ...

Core-Mark Holding Company, Inc. (CORE) Q2 2020 Earnings Conference Call August 6, 2020 9:00 AM ET Company Participants David Lawrence - Vice President, Treasury and Investor Relations Scott McPherson - President and Chief Executive Officer Chris Miller - Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Chris Mandeville - Jefferies Kelly Bania - BMO Alessandra Jimenez - Raymond James Operator Welcome to the Core-Mark Second Quarter 2020 Investor Call. My name is John, and I'll be ...

| --- | --- | --- | --- | --- | |-------|-------|----------|--------------|-----------| | | | | | | | | | | | | | | | | | | | | | INVESTOR | PRESENTATION | JUNE 2020 | | | | | | | 2 Safe Harbor & SEC Regulation G Safe Harbor Statements made in the course of this presentation that state the company's or management's hopes, beliefs, expectations or predictions of the future are forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Actua ...

Financial Data and Key Metrics Changes - Net income for Q1 2020 increased to $4.3 million compared to $1.3 million last year, with a 56% increase to $10 million when excluding LIFO expense [26] - Total sales in Q1 2020 increased by 4.9% to $3.94 billion, driven by a 1.5% increase in cigarette sales and nearly 6% growth in non-cigarette sales through February [27][28] - EBITDA grew by 19%, supported by strong cigarette sales and growth in non-cigarette categories [12] Business Line Data and Key Metrics Changes - Cigarette sales were up over 6% in the first three weeks of March but saw a slowdown later in the month, with overall cigarette sales up about 3% for the quarter [28] - Non-cigarette sales were impacted by approximately $19 million in customer returns of flavored e-cigarette merchandise due to regulation [29] - Gross profit margins finished slightly below the prior year, with cigarette margins consistent with expectations and non-cigarette margins slightly above the prior year but below growth expectations [13][30] Market Data and Key Metrics Changes - Cigarette and non-cigarette sales for April were down approximately 3% and 20% year-over-year, respectively, with total margins declining by about 40 basis points [17] - The company has a diverse customer base, with about two-thirds being traditional convenience stores and the remaining third comprising various retail formats, including Walmart and Rite Aid [65] Company Strategy and Development Direction - The company is focused on maintaining liquidity through cost reduction efforts, disciplined inventory management, and reduced capital expenditures [19][44] - Core-Mark is pursuing independent retailers and sizable chain opportunities, maintaining dialogues for future growth once the business environment stabilizes [22] - The company is leveraging technology for operational metrics and customer data analytics to enhance business continuity during the crisis [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by COVID-19 but expressed confidence in the steps taken to preserve the health of the company and position it for future growth [24][46] - The leadership team remains focused on moving the business forward despite the complexities of operating during the crisis [20] - Management noted that while it is difficult to forecast future cash and liquidity conditions, they believe they currently have sufficient liquidity [44] Other Important Information - The company has suspended its share repurchase program but remains committed to continuing its cash dividend at a rate of $0.12 per share [43] - A headcount reduction of approximately 1,000 employees was implemented in response to volume declines due to COVID-19 [18] Q&A Session Summary Question: How are independent stores faring versus larger chains during COVID-19? - Management indicated that larger chains have generally outperformed due to their volume, while independents have held on reasonably well, with geographic variations [51][52] Question: Is there potential for market share gains from smaller distributors facing financial duress? - Management acknowledged that independent wholesalers may face pressure, particularly in regions heavily impacted by COVID-19 [53] Question: What are the expectations for warehouse and distribution expenses this year? - Management noted significant headcount reductions and efforts to control nonessential spending, with productivity rebounding to previous levels [56] Question: Can you provide insights on April trends and performance in non-cigarette sales? - Management confirmed that non-cigarette sales were consistently down in the 20% range throughout April, but there were signs of improvement in early May [62] Question: What is the geographic exposure of the company? - Management explained that the business is divided into Eastern, Western, and Northern regions, with the coasts experiencing the most significant impacts [71][72] Question: What percentage of costs are fixed versus variable? - Management indicated that about 70% of expenses are salaries, with a variable portion of 10% to 20% for SG&A and 60% to 70% for warehouse and delivery [74] Question: What is the outlook for e-cigarette trends? - Management noted disruptions in e-cigarette sales due to returns of flavored products but expects the category to remain flat for the year [84][86]

For the transition period from to Commission File Number 001-37578 Performance Food Group Company UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) 12500 West Creek Parkway Richmond, Virg ...

Core-Mark Holding Company, Inc. (CORE) Q4 2019 Results Earnings Conference Call March 2, 2020 9:00 AM ET Company Participants David Lawrence - Investor Relations Scott McPherson - President and Chief Executive Officer Chris Miller - Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Blake Anderson - Jefferies Kelly Bania - BMO Capital Markets Operator Welcome to the Core-Mark, Fourth Quarter 2019 Investor Call. My name is Hilda and I'll be your operator for today. At this time all ...

(NASDAQ: CORE) INVESTOR PRESENTATION March 2019 Safe Harbor & SEC Regulation G SAFE HARBOR – Statements made in the course of this presentation that state the company's or management's hopes, beliefs, expectations or predictions of the future are forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results and performance could differ materially from those set forth in the forward-looking statements. Additional information abo ...