Dollarama was founded by a third-generation retailer and Canadian entrepreneur, Larry Rossy. It all started with one store, in Matane, Quebec, in 1992, and quickly grew over the next two decades to become a household name and shopping destination for Canadians from coast to coast.

Dollarama today is a recognized Canadian value retailer with well over 1,000 locations, led by Neil Rossy, a fourth-generation retailer and member of Dollarama’s founding management team.

Dollarama aims to provide customers with a consistent shopping experience and compelling value, offering a broad assortment of general merchandise, consumables, and seasonal items. All stores are corporately- owned and operated, and are conveniently located in metropolitan areas, mid-sized cities, and small towns. Products are available in individual or multiple units at low, fixed price points. Its goal is to exceed customer expectations through the quality and variety of products they offer at select, low fixed price points.

In what is expected to remain a complex environment, Dollarama is well- positioned to pursue its profitable growth and deliver on its purpose. The Corporation is committed to providing Canadians from all walks of life with compelling value on every dollar they spend, and with proximity and convenient access to a broad range of affordable, everyday items.

In the first half of Fiscal 2023, the Corporation expects to benefit from a favorable sales environment compared to the same period last year, at which time various COVID-19 restrictions impacting retailers and consumer shopping patterns were in place.

Supply chain and other inflationary pressures are expected to be felt more in Fiscal 2023. The Corporation has levers at its disposal to mitigate some of the cost pressures on its gross margin. SG&A, excluding any incremental COVID-related costs, is expected to benefit from positive scaling and improved labor productivity.

The Corporation will maintain its balanced approach to capital allocation in support of organic growth as well as for maintenance and transformational initiatives. It will also continue to return capital and generate value for shareholders, prioritizing the repurchase of shares under its normal course issuer bid. Based on the above, the Corporation expects the following for Fiscal 2023:

• To open 60 to 70 net new stores

• Gross margin as a percentage of sales to be in the range of 42.9% to 43.9%

• SG&A as a percentage of sales to be in the range of 13.8% to 14.3%

• To deploy $160 million to $170 million in capital expenditures

• To actively repurchase shares under its normal course issuer bid